How to make money staking crypto
I'm not a cryptocurrency expert I am not a financial adviser just a guy
on the internet's expressing my opinion about stuff and I believe that right now.
Good idea to invest in crypto currencies and I wanted to make this video to
explain to you guys why now if you're worried that I'm gonna
get very technical don't be because truth be told some technical
aspects of crypto currencies are kind of difficult for even me to
understand but this video I just want to give you a simple
explanation of why crypto is so important at this time but yeah.
I think that the difficulty of understanding how crypto currencies work is
one of the main reasons why most people haven't jumped on the
wagon yes and another reason why people basically right crypto
off his because they think it's fake money it's not real.
Which is actually kind of funny because if you compare it to
real money that's locked in the bank real money is never
actually in your bank it's more like the bank owes you
money but the money isn't actually physically there
but when you have something like crypto currencies it's not
physical like this we'll corn here but you can actually
Store it in your own digital wallets you can even store it on on U. S. B. drive and this is a
pretty big deal because it means that if you have your
money in crypto. You really have it's not your bank not your
government help most of the time you can even put in a
wallet.
cryptocurrency for beginners youtube have lot of information.
Nobody knows that it's yours that's how good it is it's a matter
of privacy and security now a lot of people will understand
that bitcoin is used for trading for you know purchasing and selling
stuff but it's actually more interesting than that you
see crypto can be used for so many different applications.
I'll give you a short little example let's say that you have to
go to a bar and in order to drink the bartender asks you for
an ID you know to verify that you are of age but the thing is
when you're doing that you are giving the bartender so much
more than just your age verification like you give him
your name your address date of birth a lot of personal information
that should be yours alone and so there is there's one
cryptocurrency that is actually designed to work as a kind of a
verification process where all you have to do is basically
show your phone that says yeah I am of age basically and that
way you don't have to reveal anything else than that you are old
enough to train okay so for the past couple of months.
I have come to the conclusion that there are 2 certainties
about crypto currencies.
One what do you believe the hype or not what do you like
it or not for better or worse crypto is here to stay it's not some
trendy like fidget spinners this is actually gonna
change everything. X. but these were kind of fun though.
Right now okay okay and to I believe that this is a huge investment
opportunity that most people can get in on.
I'm probably should now I once made the terrible mistake of not
investing in bitcoin that my friends will never happen again
luckily for me this is my second shot okay so bit coin everybody's
heard of bitcoin I think that more people know about
bit coin and then they know about crypto.
So that's the thing that started everything and when I first
heard about it it was actually in 2010 and I did have
this idea.
that I was going to invest something like 50 Bucks and had I done
that I would be making this video from a yachts but sadly I felt it
was more practical to buy Doritos for 50 Bucks that year not at once
just spread out over time huge mistake huge but as I said I'm not
doing that mistake ever again you see that whole thing taught me a
very valuable lesson about the price of being too defensive about
your money and you know I don't blame people but I think that it's
mostly because of school just doesn't properly educate us on
investing you know it's it's about 0 economic call to not waste your
money to keep it in the bank it's never about how you should make
your money grow.
it's never about that now I don't know maybe it's a power play made
by the governments to keep us wage.
slaves at bay that's a topic for different video but all I know is that I
wasn't prepared enough to make an
investment decision you see that here I only had one investment and
that was bit coin I should have at least
purchase bitcoin for 50 Bucks and I didn't now the big question is
which crypto will be on top here which one
will come out as a winner we have. Lots of crypto currencies like
believe me when I tell you there is a whole
bunch of crypto currencies out there and they do very different
things and very different ways and I believe and this is just my personal belief here but I don't think that there is going to be just one winner I think there's going to be maybe 10 to 50 different points in the world in the future say 5 to 10 years from now and I think
just like when you invest in stock now I will mention though that I
think that a lot of people who are investing in crypto.
they they talk like really enthusiastically day believe it so much but
it's mostly it really just wishful thinking you know when you when
you want something really bad.
it just makes sense and everything but there is always the possibility that there is going to come out
Something different and better so my suggestion is to actually stay
updated with the latest from the world of crypto because you don't
want to invest emotionally you know and that's what I think that a
lot of people are doing right now when they invest in bitcoin to just
love bit coin for the potential then you know the fantasy of
becoming ultra rich that it's more of an emotional investment then
on rational one you know so when you're looking at Corning's we'll
look at what practical problems they actually solve now I personally
I don't invest everything into crypto I also do invest in stock and
stuff like that but right now I gotta say I'm really interested in
crypto and I also want to mention that I am fully prepared to lose
everything that I have invested in crypto because as I mentioned it's
not my only investment and that's what I mean when I say don't be
too defensive about your money in order to make money you have
to make risks there is.
He has no way of going around that there are no safe bets out there
okay so where can you buy cryptocurrency is
well there are these trading platforms and I'm gonna mention 3 of
them and I'm gonna put affiliate links below where if you actually
split the commission so first off I'm gonna start with Coinbase that's
where I do most of my trading the second one is crypto.
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