304 Crypto Waves 192 - The Crypto Lark Cryptocurrency & Bitcoin Chats and Advice with Amazing People from the Community_pd_05162018
Crypto Waves: The Crypto Lark Podcast
Deep Dive
What inspired you to get into cryptocurrency?
Steemit got me into it. I had always heard of Bitcoin but knew nothing else about cryptocurrencies until my son and I started making video games, and one of our artists, a Steemit user, started lecturing me about Bitcoin.
Why did you start investing in cryptocurrency?
I started investing after hearing friends brag about their gains and realizing the potential for major returns. I did my own research and decided to take the plunge.
Why do you think cryptocurrency is important?
It eliminates the middleman, allowing us to hold our own money and transact directly, which is a significant shift in how we handle financial transactions.
What is your biggest lesson learned in the crypto space?
The biggest lesson is to take your time, do your research, and not get caught up in the hype. Buying the pump is a sure way to lose money.
What coin are you most bullish on?
I'm most bullish on NEO. It has a ton of potential and I believe it can reach Bitcoin's current value within a few years.
Why do you think it's important to spread the word about cryptocurrencies?
It's important to spread the word because cryptocurrencies offer a new way of living and existing, and many people are still unaware of the opportunities and benefits they provide.
What technology in the crypto space excites you the most?
I'm excited about Power Ledger, an Australian company that improves the energy market, and 10X, which bridges the gap between fiat and crypto, making it more mainstream.
What is your advice for someone just starting in the crypto space?
Take it slow, do your research, and don't be impulsive. Focus on Bitcoin first and avoid buying at all-time highs. Wait for pullbacks and be patient.
- Steemit served as a gateway to crypto for some.
- Many were drawn in by friends' success stories and the potential for high returns.
- Some were motivated by a desire to invest and save, while others were intrigued by the disruptive nature of blockchain technology.
Shownotes Transcript