Crypto Investing 101: Why Your Privacy Matters More Than Anything Else
“Crypto has ignited a movement where everyone is an expert. I’m worried it’s descending into a massive cult.” - Tai Lopez
(click to tweet)
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.
On today’s episode of The Bitcoin Crypto Mentor Mastermind Show, we are joined by crypto-expert Jacob to walk through the top coins right now. With Bitcoin’s price hovering around $7,000, it’s easy to focus on that and lose sight of all the other major technologies being developed. But when you start to evaluate privacy, you’ll learn about the newest coins in the market. Tune in to take your investment portfolio to the next level by introducing privacy coins!
And don’t forget! You can also listen to The Bitcoin Crypto Mentor Mastermind Show on Spotify! Click “Follow” and let me know what you think!
“The idea of a social network that would pay its users. That’s what would kill Facebook. Watch out for Steem.” - Tai Lopez
(click to tweet)
Points to Keep In Mind
- Ripple is now worth $100 billion
- Learn to write the smart contract code for Ethereum
- Read Crossing the Chasm to learn about adoption curves
- Binance is now valued at over $1 billion
- Don’t forget to ask whether the coin makes sense or not
- Walmart has now reduced shipment tracking time from 7 days to 2.5 seconds using blockchain
- Be sure to dollar-cost average when investing
- Understand that nobody really knows anything in the crypto market
- Be sure to take your coins offline; Coinbase only protects their hot wallet
- Cardono is trying to be a better Ethereum, but doesn’t have a product yet
- Monero is the most privacy-focused cryptocurrency
- 600 different parties have access to your PayPal transactions