Episodes
Wednesday Dec 27, 2017
Wednesday Dec 27, 2017
Investing in cryptocurrencies isn't easy when it comes to doing proper research. So often times, people latch on to simplistic strategies or reasoning behind why they put loads of money into a crypto. Let's talk about some of the most common reasons people fall in love investing into a specific crypto asset and why it's important for you to understand these reasons.
Reasons and buzzwords people throw money into a cryptoasset
1. The “next” and “better” Bitcoin, Ethereum or top 10 coin
- More transactions per second, a new type of blockchain, cheaper/no fees, etc
- The Ethereum of XYZ country
2. Privacy, privacy, privacy
3. Partnerships with large existing companies (Microsoft, IBM, Disney, EEA, etc)
4. A decentralized competing version of an existing company/application
5. 2nd-3rd time crypto founders
If you have any suggestions, I'd love to hear them in the comments as well!
Buy Bitcoin, Ethereum and Litecoin on CoinBase and get $10 worth free:
https://cryptobobby.com/coinbase
Buy and Trade altcoins on Binance - https://cryptobobby.com/binance
Secure your Crypto with a Ledger Nano S:
Amazon (faster shipping):
https://cryptobobby.com/ledger-amazon
Ledger (slower shipping, but cheaper): https://cryptobobby.com/ledger
Get a Free Trial of Coinigy (the trading/charting software I use):
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Join the Facebook Group:
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Portfolio Tracking:
Blockfolio - https://www.blockfolio.com/
CoinTracking.info - https://cryptobobby.com/cointracking
Bitcoin.tax - https://cryptobobby.com/bitcointax
*Some of these links may be affiliate links, meaning if you click and purchase something, I may receive a small commission at no additional cost to you. I only recommend companies and products I personally use, and any commissions help to pay for content creation. Thanks! *
** This is not financial advice and these are simply my own opinions, as such, this should not be treated as explicit financial, trading or otherwise investment advice. This is not explicit advice to buy these cryptos, do you own research.**
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