Bitcoin Crypto Mastermind

Common sense is our best asset. Yet today, with all the Bitcoin-fueled emotional outcry, we can see that most people have lost touch with their common sense. This is what happens; that over time, we let the influence and opinion of others alter our common sense radar. It is our job to get it back on track.

There is no crypto so unanimously loved like Ethereum. And that makes sense. Its technology enables other crypto developers to build networks on top of it. It is the power source behind so many of the cryptos we see today, and for that reason, it can be regarded as a type of mutual fund investment. If an Ethereum-based crypto is doing well, then that means Ethereum is doing well.

Your industry might not be relevant to the cryptocurrency you’re researching. But that doesn’t mean you can’t invest in it. As long as we try to understand the way the world is moving, we can develop an investment thesis to align with our crypto predictions. And if you’re somewhat aware of the power of the Internet, you will find today’s episode especially intriguing.

Imagine a world where real estate meets blockchain and cryptocurrency. It doesn’t take an expert to see how this is possible. Today’s real estate paradigm is one of the most archaic systems in our economy; being required to hire ‘agents,’ so you can then purchase plots of lands from a centralized government. The vast room for technological disruption is calling cryptocurrency.

The crypto conversation is heating up. With Bitcoin hovering around $14,000, experts and naysayers are at a standstill. When will it shoot back to where it was? Why is it floating in this price range now? Some say it’s a bubble, others say the rest of the crypto market is just taking time to follow its lead. Regardless, we all need to figure out how to get one step ahead of the market.

Crypto conversation can get exhausting. Each person trying to disguise his/her opinion as fact. ‘Experts’ hiding behind big words and long-winded, hedging analyses. People, overall, like to cover their tracks when providing the slightest prediction into the future.

Crypto trading calls for a special type of person. You have to be able to withstand the 24/7 grind of markets never closing. You have to know how to sift the truthful research from the nonsensical news headlines. And most importantly, you have to know when to buy and when to sell.

Understanding cryptocurrency requires seeking out a range of resources. From the expert traders to the research analysts, gathering insight from as many different people as possible is the only way to go. Otherwise your outlook will be limited and you won’t be able to see the full picture.

Crypto trading isn’t for everybody. It has many similarities to stock market trading, but its nuances are distinct. To learn them requires understanding that this market is in a vortex of excitement right now. How that informs the chart is exactly where today’s conversation lies.    

Cryptocurrency isn’t all fun and games. It requires thought, care, and responsibility. One dimension that gets overlooked is storage. Cold vs. hard, what are the best types of wallets are the best, do you really need one if you only have say $1,000 invested?

Bitcoin is now in 2018. In 2017, we watched it steadily rise. The question now is: will it continue its dominance in the new year? As the skeptics twiddle their thumbs on the sidelines, we continue to be engaged by the rising price of all things crypto. 

Ripple is a blockchain specifically designed for banks. And for that reason, we should direct our attention to XRP. It is no secret that the current system of transferring money between banks is outdated. It takes days, and we are blind to the transfer status along the way.

The cryptocurrency market is unlike any other market. This is because the mainstream media outlets are not adjacent to the action. With the stock market, New York City’s financial media players are skewering every word that leaks out of Wall Street. But with the decentralized nature of cryptocurrency, the information that leaks into the online forums is as close to the truth as possible.

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.

Most of us aren’t The Wolf Of Wall Street. Sure, we could handle the parties and excess of money, but the lifestyle of a great trader is something you don’t walk into. For most of us, investing means putting money in long-term value plays and checking the progress along the way. It is not the sleepless nights of caffeine-binging, watching the charts and making the hundreds of trades day in and day out.