Friday, December 22, 2017

Stephen Baldwin understand Cryptos better than you

The Baldwins are as crazy as they come, but Stephen says some really good stuff here.

What a lot of people are being confused about, especially by the mainstream media and by financial "experts" is that there are 2 distinct things that we are looking at today, not 1.

#1 - Bitcoin and other cryptocurrencies as an INVESTMENT at this PRICE (BUBBBLEE!)
#2 - The value, usage and potential of the various different types of crypto today and in the future

Wait wait, hold on a second. Different types of crypto? Isn't it just Bitcoin and knock-offs? No.

There are many different types of crypto.

There are the currency types.
There are the platform types.
There are the governance types.
There are the security types.
There are the utility types.
There are the fund types.

While PepeCash and DogeCoin might sound really stupid and ridiculous, they are both worth more than you. (And yes, they are ridiculous)

But then again, there are cryptos that are coming out which are going to change the world that we know it.

If you are buying "the Bitcoins" and you don't know what it does, how to use it, how much it costs to send it ($20 USD per tx now, btw), then you are playing the wrong game.

If you are looking into crypto and realizing just what these technologies mean and what they can do for the world, and you want a piece of the future now when its cheap and emerging (with the risks involved), then your head is on the right place.

When I invest (some of you might call it speculation, but f*** you) in crypto, there are plenty of various things to look at and take into consideration. While a monkey could pick crypto from coinmarketcap and make money today, so can a monkey picking stocks in a bull market.

The main difference is that the crypto monkey will be driving a lambo on the moon, while the stock monkey gets 7% a year over the next 30 years.

Jokes aside, when the shit finally hits the fan (and it will), a lot of these crypto are going to crash because they are built on nonsense. And yes, even I will admit that lots of crypto are crap. The solid ones will find a base after that crash and just continue growing and growing.

Like Stephen the genius Baldwin says, I'm not asking you to YOLO into cryptos and become a millionaire and cash out. If you have that mindset, that you are wrong. I'm asking you to read, understand and maybe even experiment with the technology by taking part in it.

Because if this fricking works, you wouldn't need to cash out.

No comments:

Post a Comment

Observe the house rules.