I like when people ask me honest questions about getting started in cryptocurrency, it really is a passion of mine to help as many beginners in Bitcoin to become comfortable with this new financial ecosystem. There is a lot of FUD out there (Fear, Uncertainty, & Doubt) and being new to crypto it is hard to tell what is legit and what is just plain old FUD. Last week one of my followers asked some GREAT questions that I know are on the minds of newcomers and this quick video covers the 3 questions that Pam had below:
"It’s Pam, again, lol! Below are some questions that I would like to know more about and maybe some of you other readers would too. Especially with all the latest from Consensus and institutional money entering etc. The landscape is beginning to change in comparison to 1-4 years ago. Thank you!
Please address 3 questions for us all:"
- Are cryptos only “safe” until a super Quantum computer can attack them? (even Bitcoin??)
- Is the real future in Blockchain, — more than in cryptos? Should we be investing there as much as (or more than?) cryptos? Can you help us with that?
- Getting big boys and institutional investors on board makes sense, but doesn’t investing then become manipulatable? We saw the hugest drop after futures trading began. Do we really want Goldman Sachs, etc involved?? Yes we HAVE to have them, but shouldn’t we expect MORE volatility then rather than less?
I hope that answers your questions Pam and anyone else out there that might have these same questions! The crypto market is certainly NOT for the faint of heart, but if you learn how to do your own research and get a good foundation of the basics down before committing money to it you will do just fine in the long run!
Do you have a few questions that you would like to see a video answer on? If so, drop me a line here and let me know. That's it for now, but until next time...