(click to tweet)
Being attached to your ideas closes you off to new information.
And with such a new field like cryptocurrency, this is the last thing you want. Many new investors quickly lock into an investment thesis and deflect any evidence that contradicts what their financial belief system says. The best investing mindset is simple: be open to new ideas.
On today’s episode of The Bitcoin Crypto Mentor Mastermind show we are joined by Dave Levine to talk about his investing mindset. Dave has committed his entire life to researching and understanding which coins deserve our attention, and today we listen to his insights that will help propel us to make the $700,000 he’s made in the past year investing in cryptocurrency.
Don’t forget! You can also listen to The Bitcoin Crypto Mentor Mastermind Show on Spotify! Click “Follow” and let me know what you think!
“The price can go up and down, but if you watch the fundamentals, and the energy is growing and the smartest people in the world are joining, then it will go up.” - Dave Levine(click to tweet)
Points to Keep In Mind- Once you understand the distributed ledger, you can see the further application of blockchain technology
- Nobody understands the entire landscape of cryptocurrency
- Proof of stake requires less computational energy than proof of work
- Ethereum is like Shopify
- Blockchains are more valuable than coins because people build on top of platforms
- If a technology platform crashes, that’s actually a good thing
- Blockchain will revolutionize all industries: travel, political systems, supply chain, etc.
- Ethereum has transaction-growth of over 2000% in the past year
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- Most companies building on top of the Ethereum technology
- Be skeptical of the companies that are just merely tweaking the consensus algorithm
- Bitcoin’s technology is not evolving as fast as Ethereum’s