Bitcoin Crypto Mastermind

Since the founding of the United States, in every generation, in every field of business, politics, sports and society, we’ve watched in shock as corruption, deceit and desire bring down heroes, titans and those we thought we could trust. In the aftermath, we’re left with too many questions, how did this happen? Who is to blame? Subscribe to American Scandal today. www.wondery.fm/scandal

A show for entrepreneurs, for anyone who wants to know about business, or how to have a life while having a business.

Today, industries can hide behind closed doors. But when blockchain technology is integrated, the mechanics of commerce are revealed. On a blockchain network, the entirety of user behavior is exposed. You can see the balance and activity of each member and detect where there is foul behavior.

Don’t be attached to your ideas. In a field like cryptocurrency, this will close you off to new information, preventing you from absorbing the knowledge of others. While an initial spike in your portfolio may have you feeling invincible with your investment thesis, it’s always important to stay open to outside education.

An informed opinion is rare. Most of us spend our lives firing from the hip, making decisions based off word-of-mouth or emotional chatter. Rarely do we sit down and take the time to research a subject, connecting the dots of fact inside our own heads. However, when we begin to do this, we start to make more nuanced investment decisions that not only provide higher returns but also a calmer peace of mind.

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Is the company actually utilizing the blockchain? Or, are they just placing it in front of a pre-existing business model? Questions like this cut through the marketing noise found in most cryptocurrencies and tap into the core of the technology. When a cryptocurrency integrates blockchain technology in a way that has everyone benefiting in the network, it is worth your investment.

The projects with the greatest hype are the ones you must stay away from. This might sound counterintuitive; you’ve been given advice to invest in the coins with attention and news headlines because crypto is an emotional market. But the teams behind those tokens are spending their resources on marketing, not technology.  And if the coin doesn’t have the technology to back up the hype, then it will ultimately drain your investment portfolio of any profit.

Cryptocurrency is a technically driven industry. But the marketing is equally, if not more, important. Without a compelling story, your coin will blend into the hundreds of other coins being developed. This is why if you’re starting a company on the blockchain, you must give equal consideration to the branding of your ICO as you do the technology.

600 different different parties are alerted with each PayPal transaction. This is the flaw in the modern banking system. Your most personal information is exposed to that many people instantly and without your knowledge. In a blockchain network, however, your assets are cryptically held safe amongst other users. This is why privacy is the most important piece of criteria to evaluate when judging a coin.

There are 7.4 billion people on planet earth. And that number is only continuing to grow. Population predictions have the world at 9.8 billion by 2050 and 11.2 billion by 2100. What this means for blockchain technology is more people in the networks and more brain processing power for whatever problem the technology is trying to solve.

It’s no secret that money breeds ego. And it’s also no secret that ego clouds your vision. So the question becomes: how do you stay humble while getting rich? In the cryptocurrency space, this is particularly important, as many have come upon instant wealth. Using humility as a filter can help you isolate the true crypto players from the fakes, as their vision will tend to be clearer.

Your idea is useless if nobody knows about it. And in a space like cryptocurrency where there is so much noise and competition, marketing becomes of utmost importance. If you don’t take your marketing seriously, you will implement outdated philosophies and get lost in the crowd with the rest of the players.

The whole purpose of cryptocurrency is to move away from the government. But as the crypto space grows, we are starting to see corruption grow. With 70-80% of all crypto transactions happening in Asia, many of which are the products of bot-farms, artificially generated price inflation is becoming a reason for concern.

Blockchain will save the world. We hear this a lot in our crypto conversations. The overeager blockchain enthusiast is quick to say that every problem will be solved by this technology. Whether or not that’s true is beside the point; what we do know is that the blockchain will continue to cheapen the cost of financial transactions, saving both you and the whole world money.