Bitcoin Crypto Mastermind

A racing mind can’t innovate. If your inner monologue is constantly leapfrogging from thought to thought, how will it ever cut beneath the surface? Counterintuitively, a slow mind is much more capable than a fast mind. It has the ability to pierce through the noise because it’s undistracted by it.

A passion for cryptocurrency is a passion for truth. So much is behind closed doors in the fiat currency model. The national governments can print more money whenever they want, putting the surplus into circulation to create inflation. With cryptocurrency, the entire network of transactions is exposed. And someone who has a passion for this model has a passion for truth.

To understand cryptocurrency means understanding all aspects related to it. So when someone asks you what the blockchain is, you should have as thorough of an answer as which coins to invest in. How you obtain this thorough education is through continued self-education.

Mining isn’t as complicated as people make it out to be. With each Bitcoin transaction, miners are given the data they need to validate the exchange. After completing the necessary math, they can approve or validate the flow of Bitcoin. There are different models of how this works: proof-of-stake, proof-of-work, and delegated proof-of-stake.

Facebook is worth $350 billion. And all of its information is ours. We upload our most personal life details, photos and statuses, to the platform, for which Facebook can then turn around and sells the data to ad-buyers. In the future, when a blockchain-based Facebook enters the market, we the users will be compensated for our contribution to the network.  

Algorithmic trading can’t lose. It mines the billions of pieces of data to make the best investment decisions possible. But there are ways we can outperform it. By doing sentiment analysis, analyzing the emotion behind each cryptocurrency, we can see things that the computer cannot. Leaning into this innately human perception will yield enormous returns.

Investing without a strategy never works. Aimlessly throwing money into the cryptocurrency space will not yield the profits you want to see. You’ll be spinning your hamster wheel searching for answers with each turn of the market. Instead, you must enter the investment space with a specific strategy to prevent this from happening all together.

Trading Bitcoin on Coinbase can get old. That’s why we need to be researching new currencies and understanding how alternative exchanges work. Without self-educating, we become stuck in the hardwiring of an outdated investing strategy, which is a sure-fire spiral into losing everything you’ve gained during this first crypto surge.

Reviewing the basics never hurts. No matter your skill level as a crypto investor, refreshing your understanding of the basic fundamentals can bring about newfound insights. Maybe you remember an angle you thought of months back or possibly you learn a new approach to thinking about blockchain technology. Whatever the insight is, applying it to your investment strategy can bring a higher level of profitability.

Cryptocurrency is entering its next chapter. With Bitcoin’s price now steadily hovering around $10,000, it’s clear the attention is being distributed amongst other coins. Knowing which of these coins deserves our focus will separate the great investor from the mediocre. How you isolate which variables to examine is something we can learn from the experts.

Don’t overlook transaction speed. It’s the initial reason we all became interested in cryptocurrency. We heard it would solve the multi-day delays of PayPal and standard wire-transfer. But now, as the scene has grown with bells-and-whistles technologies, we’ve become distracted and forgotten about this core principle. Which crypto out there is the fastest?

We are living the age of the crowdsourced business. By harnessing the power of the Internet, we have given the power to the people. No longer are central systems controlling the masses, but we are operating individually through our smartphones to get the products and services we need. This trend is in direct alignment with the way cryptocurrency is moving.

Storing and sending cryptocurrency can get confusing. What wallet should you use? Is it safe online or do you need to purchase a cold storage option? When sending Bitcoin to other people, what is the best practice for keeping your crypto as private as possible? These questions are at the heart of most of our crypto conversations, so today we seek out an expert to answer them.

Cryptocurrency is an emotional market. So when there aren’t major headlines dominating our news feeds, we begin to feel like the space is dying. However, this is far from what’s going on. The crypto market is entering its next phase, where other coins besides Bitcoin and Ethereum rise to prominence.

It’s hard to ignore hype. You log onto your Twitter and there’s the Bitcoin headlines. You go to CNBC and there’s the latest report on Ripple. It seems when a crypto starts to gain media traction, it’s near impossible to ignore it.