Crypto Millionaire app update is live! Record number of daily users and new features!!
Hello my fellow Steemians and Crypto investors,
After almost two weeks of hard work, one of the developers catching the flu, and lots of feedback and expectation pressure from users I can finally announce that the latest update to the Crypto Millionaire app on Google Play has been published!
We have been experiencing record numbers of daily users, which, we honestly did not expect, so the pressure to deliver this update, and many others on the pipeline, with requested features has been great.
Record numbers of views have been reached almost every day since the app was launched in January, 2018
I’m very glad to see this level of demand from the mainstream community. It’s not only very good news for this app in particular, but also for Crypto in general because it shows a level of interest out there that’s certainly real.
In the less than two months that the app has been active it hit the #4 trending on Google Play Finance and its growth has been really impressive!
Favorite new features just published:
This update includes many new improvements under the hood and on the front-end. Most of them have been requested/reported by the community of users which has been very active here on Steemit and also through email and comments in Google Play.
If you don’t see your favorite request yet please don’t freak out just yet! Keep in mind this app is less than two months old and developing quality features takes lots of time and efforts! We still have a long list of pending updates that are on the pipeline. Do leave your comments below, the more we hear about a feature from users the more likely it is we move it up in the list of priorities.
Latest News on each coin
All coins you are tracking now feature a News tab where you will find the latest that’s happening with your them! Pretty neat right? I’ll be using this myself a lot!
News appear in order of importance, as ranked by Google News, and then the most recent ones. So the "News of the Day" will likely show up on top and then the rest
Advanced filtering to help you find promising coins
In this example I’m filtering for coins with a CoinMarketCap Ranking higher than 10 and where the cost of their Millionth of Supply is less than $2000. See how useful this is? There are many other combinations of filters so feel free to play with them and coming up with you own strategies!
Paid option to remove ads
This is one consistent request we had been getting. People hate ads, we get it! So, in this version you will be able to get rid of them while still supporting updates and maintenance to the app. For just $1.99 a month they will be gone from your sight and you will still be supporting our work and that of the developers, some of which live in Cuba, and do depend on this income to basically survive, no kidding.
I’m personally not getting rich from this (yet, hope's up though :). Actually so far I’ve invested far more in time and money than I’ve received but I feel great just knowing that this is helping feed, create and grow new crypto oriented developers in my native country Cuba.
In a few months I’ll break even and start turning a nice, sustainable profit that will, hopefully, allow me to hire even more people and pluck them out of poverty and the hands of the state! Ain't that neat? Yeah baby! Crypto rules! Haha!
Note and update on IOs version:
Our IOs developer is missing on action. I haven't heard from him in a week. He either did not understand the concept, caught that nasty flu that's going around, or is just wasting our time. If we don't hear from him soon we'll have to get someone else alas... Sorry guys, these things happen. I know many people are waiting for it...
What percentage should you invest in each coin to become a multi-millionaire? A winning index strategy
Investing in crypto is becoming a safer bet each year as Bitcoin and altcoins get older, improved and better established. We are still in the very early days of crypto and the opportunity to strike it rich is well within reach of most people, provided they have access to the internet, modern banking and a little disposable income. However, for most new investors coming into the crypto space deciding which coins to invest in and how much is a very complicated issue.
There’s so many of them, so much information, high tech jargon and amazing promises that sound more like lies uttered by politicians than from the nerdy developers that are pitching them. Every new coin is hyped, packaged and sold like the next Amazon... However, despite all the hype and noise, we can now say with a high degree of certainty that some of them will make it big in the future, but which one(s)?
Interesting fact: All users of crypto currencies today represent less than 1% of the number of current Facebook users. More details
The reality is, no one knows, whoever tells you they do, they are flat out lying, fooling you and themselves. This market looks very much like the early car industry in the United States. Thousands of car brands appeared everywhere, a lot of them were very promising (remember the DeLorean?), but most eventually went bankrupt, only a few succeeded in the long run.
So, how do I know which coins will succeed?
The simple answer is you DON’T. Trying to pick winners is very dangerous game that most people lose, those who don’t are demonstrably just plain lucky and end up losing everything the next time they bet big. The strategy that I’m introducing guarantees the winners come to you, rather than you pick them up.
How much money should I put in each?
This is a huge conundrum for most investors. With so many coins available and limited disposable income to invest it’s hard to distribute the funds in a sensible way.
Introducing the Millionth of Supply Passive Indexing strategy and the Crypto Millionaire app:
Crypto Millionaire is an app that feeds from the Coinmarketcap’s API and lists (or indexes) the top coins by market cap and daily trading volume. The coins at the top give you a pretty good idea of the current coins being favored by the market.
The goal of this strategy is to own a millionth of the supply of each of the top coins by market cap . This way you guarantee that if any of them succeeds in the future you will be part of the elite, the top 0.1 percenters and millionaires of the future. If any of the coins (or some of them) succeed(s) and become(s) a widely used reserve currency you will be guaranteed to own a millionth of its supply .
Screenshot of Crypto Millionaire showing the USD value needed to own the millionth of supply of the top coins ordered by market cap. Follow me @CryptoEagle for updates.
It doesn’t matter if you invest $100 dollars every month or $100,000 at once, your goal will be to own the millionth of the supply of the top coins as soon as possible by spending only disposable income . So, if for example, all you had is $100 dollars to invest monthly, you would invest this amount in each top coin according to the percentages shown, no more, no less. At the bottom of the app is the total amount in USD you would need to invest to do this for your favorite coins.
How rich will you be if you follow this strategy?
There are currently an estimated 10.5 trillion dollars in existence. If you owned a millionth of the supply of US dollars right now you would own about ten million five hundred thousand dollars!
In the United States alone, at end of 2016, there were 10.8 million millionaires, according to a study from Spectrem Group's Market Insights Report 2017.
Credit Suisse estimates there are about 35 million millionaires in the world (including all financial and nonfinancial wealth, such as assets, collectibles, and homes). If we compare this number to 21 million, the total number of Bitcoins that will ever exist, we can see that there won’t ever be enough Bitcoins in the world for every millionaire to even hold just one!
Also, this doesn’t account for the disruption of other industries such as remittances, Gold as a store of value and many other new uses of crypto currencies that we can’t even dream of today. As an example, if Bitcoin overtook just 5% of the market cap of Gold, a single bitcoin would be worth approximately $24,000 USD.
But, “introduce any crazy coin name here” is so great, the technology is amazing, so exciting. It’s the future, my guts tells me!
Yeah right, the market doesn’t care about your hunches, white paper promises, or all those great technologies that people sell as the best thing since Coca Cola. Nope, only market cap, volume and related network effect can tell you what coin will end up being favored by the market.
You must re-balance every once in a while
About every 3-6 months you should take a look at the index and re-balance it. If any coins dropped in market cap sell them and re-invest the money on the top coins until you own the millionth of their supply. If there are new coins rising to the top you should invest in them until you reach the goal as well, no more (over invest), no less (under invest). If you don’t do this you are risking missing the upcoming coins and keep investing in the long term losers.
Don’t invest on coins that only briefly come to the top
(Especial thanks to @famunger for contributing to this point)
Even though market cap gives you a pretty good idea of the top 4-5 coins, as you go down the list you will see, every once in a while, some temporarily overhyped coins that come up but can’t sustain their ranking and eventually crash. Only invest in coins that manage to maintain their top rankings for at least 3 months or more. Don’t fall victim to the Fear of Missing Out (FOMO) so typical in this world.
Advantages of this strategy:
You will be almost 99% guaranteed to become a multimillionaire by owning the top coins the market finally ends up favoring. You will certainly sleep like a baby!
You can start investing with very limited funds and continue investing periodically. Even if you don't get to own the millionth supply of every top coin you'll be certain you did as best as you could with your limited resources.
You won't over or under-invest in any particular coin and thus keep risks at a minimum.
You’ll skip all the typical drama of investing in cryto. The Fear of Missing Out (FOMO), the Fear, Uncertainty and Doubt (FUD), the daily crashes, the pumps and dumps etc. will not rattle your nerves and send shivers down your spine every time they happen.
Disadvantages:
This is a boring, long term, no feelings involved, passive strategy, you will not have the adrenaline rushes and enjoy or suffer all the crypto drama. Picking winners is reduced to a simple to follow probabilities game.
There may be coins that gain 1000 percent in a few weeks that won’t show up in the index until their market cap grows to the top and which you will miss but, on the bright side, you’ll also miss the big losers, the suicide inducing and family wrecking crashes.
There’s still the slight possibility (the 1% chance) that the entire crypto world is a huge bubble that will never work, the Internet could come crashing down after an EMP attack or a meteorite could strike earth... In which case we are all screwed anyways and should worry more about food and bullets to fight the zombies...
CHECK OUT MY PREVIOUS POSTS:
Quantum Doom for Crypto? It’s all FUD and here’s why
WOW! Crypto investing app hits #4 trending on Google Play Finance! Just below Paypal and Zelle!
"It's Been Dismal" - Gold Coin Sales Slump As 'Bugs' Bounce To Bitcoin
Why China (or governments) can’t stop crypto
Tell me what you think of this post in the comments below. This is not professional investment advise. I'm not your financial advisor. Only invest money you can afford to lose!
Follow me for updates news and commentary on "sane" crypto investing.
Happy crypto investing!
An app that makes you a millionaire - who would have thunk it? ;-)
Hahah, no, the app just helps you. It's you, doing heroic things like these that have to potential to become one!
Love the video haha!
Lol ... great representation of what happen to the bitcoin recently. I love this movie and now I love it more. The person who made this video really created it perfectly. The very best part of this video is where the Spartans (Bitcoin Holders) really hold their ground and fought back. Thanks for sharing this video @cryptoeagle
Since you're interested in the crypto space, follow this page as well. I’m a big fan of Lucyd. Lucyd is launching the LCD token to decentralize the AR revolution. They are designing smartglasses that paired with a blockchain app ecosystem. Follow this LucydICO update page for more information! Upvoted you!
The app, a few dollars in the right token, and time.
But yes essentially you are correct. :)
Wow Congrats @cryptoeagle, Hope this app will make more records
I didn't know about this app it but I think, I have to use it. this look awesome . . . . Thanks for sharing her
and Is this app available for iphone users?
Hi Aliza,
The IOs developer is missing in action... Check out the note on the article. But don't worry, there will be an IOs version! This is Sparta! hehe. regards
thank you @cryptoeagle . . . . i am waiting for that
I know this is a quick glace comment but just wanted to say thanks for this kick butt app I have been using it ever since about a week ago. In fact just used it this morning!
Thanks Sean! BTW, just reading your post on CryptoCountries and other projects similar to Crypto Kitties. Very interesting. I thought Crypto Kitties was gonna be a quick passing fad but this is actually getting more interesting by the minute. Eventually there will be a bubble burst and most of them will perish but the best will remain. These services are here to stay, your post confirms it. I might get me Switzerland on the cheap after, the next bubble burst :) haha. regards
Totally some poor guy or gal is going to get stuck with an expensive website trinket lol its clear people just do it for some quick money. The only one that I feel has real game potential so far would be Ether bots but it for sure seems to be advancing
Since you're interested in the crypto space, follow this page as well. I’m a big fan of Lucyd. Lucyd is launching the LCD token to decentralize the AR revolution. They are designing smartglasses that paired with a blockchain app ecosystem. Follow this LucydICO update page for more information! Upvoted you!
784,000 page views? I think 520K of them were mine. I am wearing a hole in my phone upswiping the screen trying to get my crypto holdings to go up.
I didnt see the latest update on Google play but then they like to screw with me...nasty buggers. I will restart my phone and then wait 3 hours for everything to update. Haha.
Great progress being made...this is a fantastic app...might be time for another article to update my followers...and to let the new ones know they need to download it.
Hi Task, my greatest ally in this battle for Sparta! hee did you see the video? It's so funny!
The update was published yesterday, it should be rolled out to everyone by now so you'll get it as soon as you restart the phone. Thanks so much for all your help and support! This app owes a big deal to you, I'm going to have to send you a check once it becomes profitable ;) Any help you need for your article let me know. Best regards!
Downloaded the update...and now my app crashes....I cant open it....it has me very sad and my life as I know it might well be over. I do not know what to do...I am so lost.
Is this happening to others or is Google picking on me again?
It's happening to 2.7% of users. You are lucky like that ;) hehe.
We found the function where the problem is happening (not the coin, it's too many!) We are going to make the function default to zero on errors so when we update if you see a coin value as zero please let me know which one it is.
2.7%?
Damn I cant make the 1% even in this......
Outside the one percent, my cryptomillionaire app is crashed...what is the point of living?
Hi Task,
We just published an urgent update. It should be available in one or two hours. We are catching all nulls, zeroes, all over the place so even the newest coins with almost no data yet won't crash the app. I'll let you know when it is available from Google Play. Sorry for this issue! So embarrassing...
Hey Taskmaster,
It's so weird, no you are not the only one. I've seen crash reports from other users. The problem is we don't know (the error doesn't tell you) which coin or fiat currency is causing the problem. Do you have a really weird/new one listed that you suspect? This is driving us crazy because we can't reproduce the error on our phones or an emulator :(
I havent done anything other than update the app.
I cant even see it...I go to open it, it starts to load with a white screen and gives me the crap out message.
But I did not add any tokens to my account since before the update...
Does it let you (ask you) to submit the error report to Google Play? Without that we are kind of driving blind. If you can do it please submit it. It's like battling at Thermopylae blinfolded :) Do you have version 2.7? regards
Yes it does...I will send another error report.
I have version 2.6
I updated it earlier...is there another one that google is not showing?
2.7 is the latest version. Google delays the updates sometimes to distribute the load on their servers so that may be why you are not getting it yet.
@cryptoeagle is King Leonidas of Sparta and @taskmaster4450 is your Captain in the Battle for Sparta. That movie was epic and become more epic when that guy used it for "The Great Bitcoin Crash" video ...
Congrats sir for tge success of your app... i wish you app make history of all time.... this app is really cool... thanks for creating this app👍
Very interesting project! Looking forward to seeing it in iOS. I am researching guy so will research the thesis while I wait. Im concerned on the need to rebalance as it is difficult to time the market. Since, ultimately, a large number of assets will not succeed so people participating will need to have a strong stomach to hold or make tough decisions to rebalance.
Wow this is fantastic! I am a total newb at all of this, and I actually understood most of this blog. So many crypto investing blogs just look like Latin to me. Latin and a lot of fancy squiggles and bright colors. (Which makes sense when you have the crypto comprehension of a kindergartener!) I think I will slip this app into my show today! This is so cool, thanks for sharing!
Thanks Beth,
I'm so glad you liked the post and the blog! To be honest, most times I wonder if people understand what I write because they keep going for the Bitconnect type coins and taking huge risks without diversifying haha so it feels like vox clamantis in deserto. I'll be definitely watching your show today! Hope it brings more people to Crypto investing and get them to diversify sensibly. my best regards!
You got a 6.05% upvote from @buildawhale courtesy of @cryptoeagle!
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Wow Congrats @cryptoeagle, Hope this app will make more records
I didn't know about this app it but I think, I have to use it. this look awesome . . . . Thanks for sharing
Whoa! I missed this post earlier. Congratulations, I'm very glad that all the hard work is paying off. I also hope life slows down enough for you soon that you can take a nice relaxing vacation!!!
You have no idea how much I need that right now! The app is finally stabilizing after a hectic month of updates so I might be able to soon :)