In this video, I discuss how important it is in investing to (using Wayne Gretzky's words) "skate to where the puck is going, not where it has been." Many people missed out on investing in the internet revolution because they had their eyes on the rearview mirror, rather than the windshield. Even Warren Buffett himself made this mistake.
If you think that all cryptocurrencies are "frauds" and a "bubble," you are making a similar mistake today.
Just as the internet was built on various protocols like TCP/IP and SMTP, the cryptocurrency revolution is being built on the Bitcoin protocol, as well as many Ethereum-based DeFi protocols like MakerDAO and Compound.
I believe that Bitcoin (BTC) will win the "digital gold" or "store of value" category, but also that there is lots of room for other innovative platforms like Ethereum.
Not only will the crypto revolution redraw the current financial system and banks, it will also have a huge impact on online gaming, digital art, and collectibles like NFT's.
The best investment that you can make in this new space is learning as much as you can about Bitcoin, Ethereum, stablecoins, CBDC's, NFT's, etc.
Not investment advice! Consult a financial adviser.
Cryptocurrency "bubble":
https://en.wikipedia.org/wiki/Cryptocurrency_bubble#:~:text=Bitcoin%20and%20other%20cryptocurrencies%20have,%2C%20central%20bankers%2C%20and%20investors.&text=From%20March%208%E2%80%9312%2C%202020,percent%20on%20March%2012%20alone).
Worst predictions about the internet:
https://www.newstatesman.com/science-tech/internet/2016/08/25-years-here-are-worst-ever-predictions-about-internet
https://www.newsweek.com/clifford-stoll-why-web-wont-be-nirvana-185306
https://fortune.com/2010/10/22/the-amazing-amazon-stock-bubble/
Global Crossing files for bankruptcy:
https://www.washingtonpost.com/archive/business/2002/01/29/global-crossing-files-for-bankruptcy/fffcad1b-f522-479a-a9d4-659e74165b05/
TCP/IP protocol:
https://en.wikipedia.org/wiki/Internet_protocol_suite
SMTP protocol:
https://en.wikipedia.org/wiki/Simple_Mail_Transfer_Protocol
Compound protocol:
https://compound.finance/
MakerDAO protocol:
https://makerdao.com/en/
Bitcoin going to $288,000:
https://www.youtube.com/watch?v=BxFKsVyUNPg&ab_channel=TraderUniversity
Non-fungible tokens:
https://en.wikipedia.org/wiki/Non-fungible_token
Nifty Gateway:
https://niftygateway.com/whatisanifty
Gemini acquires Nifty Gateway:
https://www.prnewswire.com/news-releases/gemini-acquires-nifty-gateway-300960563.html
Beginner's guide to DeFi:
https://www.youtube.com/watch?v=zxvJfW8zAVo&ab_channel=TraderUniversity
Introduction to MakerDAO:
https://www.youtube.com/watch?v=tX2ya5rcEjE&ab_channel=TraderUniversity
Matthew Kratter is the author of the Amazon best-seller "A Beginner's Guide to the Stock Market":
https://www.amazon.com/Beginners-Guide-Stock-Market-Everything-ebook/dp/B07S31TBF5
If you like my teaching style and would like to learn more about investing and trading stocks, options, and futures, be sure to check out my online courses here:
https://www.trader.university/join
Use this secret coupon code to get a discount: YT99
#Investing
#Cryptocurrency
#Bitcoin
Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisers, registered investment advisers, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.
If you think that all cryptocurrencies are "frauds" and a "bubble," you are making a similar mistake today.
Just as the internet was built on various protocols like TCP/IP and SMTP, the cryptocurrency revolution is being built on the Bitcoin protocol, as well as many Ethereum-based DeFi protocols like MakerDAO and Compound.
I believe that Bitcoin (BTC) will win the "digital gold" or "store of value" category, but also that there is lots of room for other innovative platforms like Ethereum.
Not only will the crypto revolution redraw the current financial system and banks, it will also have a huge impact on online gaming, digital art, and collectibles like NFT's.
The best investment that you can make in this new space is learning as much as you can about Bitcoin, Ethereum, stablecoins, CBDC's, NFT's, etc.
Not investment advice! Consult a financial adviser.
Cryptocurrency "bubble":
https://en.wikipedia.org/wiki/Cryptocurrency_bubble#:~:text=Bitcoin%20and%20other%20cryptocurrencies%20have,%2C%20central%20bankers%2C%20and%20investors.&text=From%20March%208%E2%80%9312%2C%202020,percent%20on%20March%2012%20alone).
Worst predictions about the internet:
https://www.newstatesman.com/science-tech/internet/2016/08/25-years-here-are-worst-ever-predictions-about-internet
https://www.newsweek.com/clifford-stoll-why-web-wont-be-nirvana-185306
https://fortune.com/2010/10/22/the-amazing-amazon-stock-bubble/
Global Crossing files for bankruptcy:
https://www.washingtonpost.com/archive/business/2002/01/29/global-crossing-files-for-bankruptcy/fffcad1b-f522-479a-a9d4-659e74165b05/
TCP/IP protocol:
https://en.wikipedia.org/wiki/Internet_protocol_suite
SMTP protocol:
https://en.wikipedia.org/wiki/Simple_Mail_Transfer_Protocol
Compound protocol:
https://compound.finance/
MakerDAO protocol:
https://makerdao.com/en/
Bitcoin going to $288,000:
https://www.youtube.com/watch?v=BxFKsVyUNPg&ab_channel=TraderUniversity
Non-fungible tokens:
https://en.wikipedia.org/wiki/Non-fungible_token
Nifty Gateway:
https://niftygateway.com/whatisanifty
Gemini acquires Nifty Gateway:
https://www.prnewswire.com/news-releases/gemini-acquires-nifty-gateway-300960563.html
Beginner's guide to DeFi:
https://www.youtube.com/watch?v=zxvJfW8zAVo&ab_channel=TraderUniversity
Introduction to MakerDAO:
https://www.youtube.com/watch?v=tX2ya5rcEjE&ab_channel=TraderUniversity
Matthew Kratter is the author of the Amazon best-seller "A Beginner's Guide to the Stock Market":
https://www.amazon.com/Beginners-Guide-Stock-Market-Everything-ebook/dp/B07S31TBF5
If you like my teaching style and would like to learn more about investing and trading stocks, options, and futures, be sure to check out my online courses here:
https://www.trader.university/join
Use this secret coupon code to get a discount: YT99
#Investing
#Cryptocurrency
#Bitcoin
Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisers, registered investment advisers, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.
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