Best Of The Week: Top Coins, Trading Strategies, and Which Wallet Should I Use?

“The difference between Bitcoin and gold is we know how much Bitcoin there is. We don’t know how much gold is out there.” - Dan Maverick (click to tweet) The crypto conversation is heating up. With Bitcoin hovering around $14,000, experts and naysayers are at a standstill. When will it shoot back to where it was? Why is it floating in this price range now? Some say it’s a bubble, others say the rest of the crypto market is just taking time to follow its lead. Regardless, we all need to figure out how to get one step ahead of the market. That’s why on today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are taking the time to review some of this week’s highlights. With Las Vegas hosting CES, we were able to get in contact with some of the best crypto experts in town. Tune in to take your learning to the next level! Don’t forget! You can also listen to The Bitcoin Crypto Mentor Mastermind Show on Spotify! Click “Follow” and let me know what you think! “The U.S. Dollar has lost 99.2% of its value over the last 200 years because of inflation and mismanagement. That’s impossible with cryptocurrency.” (click to tweet) Points to Keep In Mind XRP still works with the centralized institutions Take 20% of your profits off the table to cover your back Bitcoin has trudged through bad press, hacking threats, etc., bigger than anything anyone can stop Hyperinflation causes the USD to go down in value, but that is impossible with cryptocurrency The difference between Bitcoin and gold is we know how much Bitcoin is in the world We don’t know how much gold there is It takes intense heat, a supernova, to make gold Crypto market cap is approaching $1 trillion (right now, around $800 billion) In delegated proof-of-stake everyone can own it and less responsibility is on the miners Network can vote out witnesses Fear is based on not understanding something Ethereum should fork to a proof-of-stake For physical wallets, have a backup placed in another location Options: Trezor and Ledger Use 2-Factor Google Authenticator, or something better Never use SMS authentication