Bitcoin Crypto Mastermind

Storing cryptocurrency can be risky if the right precaution isn’t taken. Never before has there been such a valuable digital good. Our Internet is not built to safely house cryptos moving through the network. So, we must follow a strict protocol when creating our own infrastructure to house its value.

Learn more than Bitcoin If you believe in the future of cryptocurrency. Some of us are unwilling to accept this reality. We have our investments in Ethereum and Bitcoin, and we think that’s enough. However, as the technical knowledge of cryptocurrency grows and more cryptos enter the market, the playing field will be leveled. A diverse investment portfolio is a must during this time.

Most governments are blind to the activity of their citizens. Sure, our browser history is traceable, but we are far from a dystopia where government officials our surveilling our every step. Blockchain technology can change that though, and in a good way. By putting whatever activity on the blockchain, the public ledger will have the network surveilling itself. 

All industries are centralized. To grow and scale, a company or entity must form some sort of governing board that sits at the top of the hierarchy. There, at the top of the pyramid, decisions are made and passed down through the rest of the network. This is how the model has historically worked since the Industrial Revolution, but now blockchain technology aims to change that.

Getting a loan is a stressful process. You have to meet with a bank, fill out the piles of paperwork, and be bound to their outrageous interest rates. But what if there was a way for blockchain to streamline this loan process? SALT Lendings aims to do just this.

Your brand probably advertises online. Through a combination of social media channels and SEO, most companies today are spending their marketing budget online. This drives traffic to their site, where they can then convert visitors into paying customers. But what if companies introduced digital currencies that gave potential customers value instead of advertisement?

It used to be you were either a token like Bitcoin or a platform like Ethereum. But with each day, new crypto technologies are being developed. No longer is the opportunity binary. Companies are finding new spaces and market opportunities to provide value to the crypto investor.

Most people in crypto don’t know what they’re talking about. Often times, we find ourselves stuck in circles of conversations where each person is speaking from a place of ignorance. It’s important to recognize these times for what they are, and not fall into the trap of them being our only source of crypto-related content.

The token is just the thing that empowers the network to participate in the technology. So are you in it for the technology or the prospect of your token rising in price? This is the debate every crypto investor should be having with themselves. Once you become invested in just the profits, you lose sight of the greater blockchain mission, which is a necessary element of participating in this movement.

Think of the cryptocurrency market as a pizza a pie. As more and more cryptocurrencies are released to the market, the pie grows. More money is being invested in cryptocurrency as a whole. But how much of the pie is a Bitcoin slice? At the end of 2017, when Bitcoin was at it’s all-time high around $20,000, we saw the Bitcoin slice occupying its smallest percentage.

Cryptocurrency has entered an interesting phase. As the price of Bitcoin continues to fall, more and more coins are released to the public. And the buzz surrounding cryptocurrency doesn't appear to be tapering off. So what do we make of these seemingly contrasting trends?

There are coins other than Bitcoin. But we are continuously bombarded with the latest news about Bitcoin. With its recent falling price, it’s easy to get caught up in the mass hysteria and forget about the bigger applications of blockchain technology.

Incentivization doesn’t exist in education. The Board of Education is not incentivized to create engaging systems, teachers aren’t incentivized to go above and beyond, and the students themselves aren’t motivated to push their academic progress. Cryptocurrency could change all of this by decentralizing the powers at hand. Suddenly all parties would operate inside an economic exchange that would promote our youth’s intellectual development.

This past week Bitcoin dropped below $10,000. What do we make of this news? Is it time to panic or is this just the market testing the validity of cryptocurrency again? Regardless of your opinion, the undeniable truth is that non-technical crypto investors are unable to analyze the fundamentals due to lack of relevant information.

You have to start at the beginning. And that’s daunting for someone looking to dive into a field as technically complex as cryptocurrency. If you don’t have a background in computer science, the beginning feels like The Wild West. But, if we don’t accept starting there, then we’ll never start.