I use Coinbase —> PayPal as my main way of converting cryptocurrency to USD… But the last few days, it’s been broken.
What’s the Deal?
There has not been much transparency on the issue… the only confirmation I have about the outage is a small spot on the Coinbase Status page.
Annoying! If you rely on the instant Coinbase -> PayPal transfer for any essentials in life (food, etc), this can really fuck you up.
Of course, it’s also a lesson in self-reliance. Withdrawing funds last-minute for groceries is a huge single point of failure in my financial system… in fact, it’s horrendous. It is completely beyond my control, for one thing - relying on two private companies to let me use my cash is a terrible idea.
Me when I can’t access my steem to buy groceries… lol // source: pixabay.com
Beyond that, there should be at least a $100 buffer in any bank account - and another $100 as a cash buffer somewhere in my bedroom - to account for these emergencies.
I don’t have that right now mostly because I’m poor as fuck after spending all my savings to move to Raleigh. This is an excellent reminder as to why it’s so important, and has lit a fire under my ass to get that buffer re-established before the end of the month.
Tough Times w/ Finance
My finances have been… difficult lately. I’m on the edge. Surviving, but not easy. There’s always that idea to get an extra part time job and reduce the stress, but in all honesty I feel like if I can just hang in there for another few months, it’s going to be way better.
If I’m able to dedicate all of my time to steemit, self-education via books, and practicing my main vocation of music, I know it will work out. I have no doubts. It’s just about that short term survival in the meanwhile.
How are you holding up right now?
We all know it's a bloodbath in the altcoin market this week. Tough to see steem go from $1.50 after the SMT announcement, right back to $1 today... let me know how you're feeling. Group therapy in the comments today, lol.
