(click to tweet)
Many times, we leave conversations about cryptocurrency more confused than enlightened.
If it’s all based off speculative value, then why does the price keep rising? If it’s a bubble, so is everything else, so why does that matter? If blockchain technology removes corruption via transparency, then why wouldn’t it replace every technology in the world?
On today’s episode of the Bitcoin Crypto Mastermind show, we answer these questions by reviewing some of the best moments from this past week’s interviews. From Dave Levine to Jeremy Gardner to Amith Nirgurnathy, the range of the crypto conversation has us becoming the new crypto-expert in our daily circles of conversation.
To continue your self-education, subscribe wherever you listen to podcasts (Spotify, iTunes, SoundCloud, etc.) to transform your time at the gym into a physical AND mental workout, or your daily commute into the inspiring hour of story and crypto insight required to take your investing game to the next level.
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“The inefficiencies create the profit. As soon as it becomes efficient, the huge companies will come in and it will be like the stock market, where the only people profiting are the hedge funds with massive algorithm-trading technology.” - Tai Lopez(click to tweet)
Points to Keep In Mind- Don’t invest an amount you cannot afford to lose
- Blockchain will revolutionize everything: politics, shipment tracking, etc.
- Biggest-name, most-insured exchange is Coinbase
- Constantly rebalance your daily routine with your life goals and formula for happiness
- Bitcoin is digital gold, but it’s transparency differentiates it from other currency
- If cryptocurrency is a bubble, the stock market is an exponentially bigger bubble
- For security Use Google Authenticator and attach non-public phone number as recovery phone number (a Google Voice number)
- Litecoin is the vitamin, Bitcoin is the painkiller; which has a stronger technology
- A blockchain technology would eliminate real estate corruption in a place like India by exposing latitude/longitude dispute
- We pay for service because we trust that person to do that job right, but with blockchain, if we can verify that the job was done right, then we don’t need that trust part, and the price comes down