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Hey guys. I’m thinking about getting a little more involved with crypto currency. I’m curious if you have any suggestions for good websites or people to follow on YouTube or Twitter. I’m also interested in hearing which form of currency you think is the best investment in the longterm. Thanks!
Hi Brad,
Crypto currency is a v emotive topic, and can get v heated, as a lot of people have vested interests.
I have looked from the sidelines, and .. like yourself, have been trying to get up to speed. From various links, I have listened/read to a ton of stuff, and have a little more knowledge. The problem is, the clever people, who talk on podcasts, give u a fairly one-sided view. There are few nay-sayers, who can do this, so, u end up convinced you should be exposed to crypto currency.
A lot of the initial youtube channels, seemed to be issuing less and less content. In the early days, there were many, but, unless u have a lot of computer knowledge, its easy to get lost.
Anyway, here are some v decent links/content.
“Banking on Bitcoin” by director Christopher Cannucciari – documentary on Netflix
I found a link on youtube – maybe it wont last long :
https://www.youtube.com/watch?v=Zc41H8oqPik
The Tom Ferris interview, with Nick Szabo, is 2 hrs or so, but, its clear, the panel know their stuff. Nick’s blog http://unenumerated.blogspot.co.za/ has some great content, but, its 6 mths since he last posted.
These guys, posts content more often, as is pretty balanced.
https://www.youtube.com/channel/UC67AEEecqFEc92nVvcqKdhA
https://www.youtube.com/channel/UCRJ-LnYo_-ILdEmwLNfAr0A
I initially thought it all a scam / bubble, but, once you develop more knowledge, you can understand the arguments, that a decentralised currency has a future.
I own .1 of a Bitcoin. I tried using it for gambling websites, but, am largely blocked from using it, in the UK. More exchanges are being built in Malta, and thats where I see myself using it .. so, will probably buy more Bitcoin, in the next yr or so.
Am sure I am not the only one, who is feeling left out.
I would like to own some Bitcoin, but, its v v hard to pull the trigger, and buy them, when, they were a great deal cheaper last week/mth/yr.
Its possible I will bite the bullet, and commit a regular monthly sum .. so, that way, I can average in etc.
Am sure people will say, the boat hasnt yet sailed .. and thats possible. Am wondering, if the price rise, isnt a factor, or just scarcity/lack of a medium, to short. When/if, an ETF is established, and u can buy/sell an index of crypto, the price maybe, will stabilise.
What price BTC will be, when that happens, is v tough to fathom.
Mike,
I could not pull the trigger for the longest time, but finally did pull it about 7 months ago.I started with a very small amount in BTC, ETH and LTC. I found I was price watching all day long and freaking out over every dip and rise in price. I ended up dumping everything and making about a 25% profit.
After that I was hesitant to reinvest because I could not handle the daily swings, but after watching a big rise in price for BTC, ETH and LTC and then seeing them stabilize, I realized that if I were to get back in I needed to look at is as a long term investment and not price watch so much as well as educate my self a lot more.
I pulled the trigger again and bought back in with a substantially bigger sum. The prices swing are still there, but in the end the it’s much higher than my initial investment. I have even used crypto to furnish my new house via overstock.com.
In my opinion, if you do pull the trigger, educate yourself, start small, don’t constantly price watch, and hold for the long term. Also, don’t be afraid to use your crypto.
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