“Platforms gain more value than individual companies operating on top of the platform. You’re investing in the base-layer.”

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Is Bitcoin crashing? 

What was once at $18,000 is now hovering around the $12,000 marker. Is it time to get out or double-down? What can we take away from this drop in price? To answer that question most accurately requires continuing to pursue your cryptocurrency education.

That is why on today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are taking a moment to recap the highlights from this week. From discussing Facebook’s viability as a blockchain technology to learning about small but promising coins like Nimiq from Amith Nirgunarthy, this week’s crypto conversation will shed light on Bitcoin’s falling price.

And 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!

“I think there is going to be a course correction at some point. And if you study financial cycles, you’ll see this happens all the time.” - Com Mirza

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Points to Keep In Mind

• Do your due diligence on who is backing the coin to determine legitimacy
• There are rumors that Mark Zuckerberg is going to launch his own ICO at Facebook
• Many people think cryptocurrency is a fad because there is no value exchanging
• Understand no resource of expertise is omnipotent
• All financial cycles operate in bubbles, and then bubbles burst
• Habibi Coin is real estate-backed, currently raising $100 million
• Uport Consensys aims to solve identity issues
• EventCoin is a ticketing system built on Ethereum
• OMG is a payment-processing platform built on Ethereum
• • Already working with McDonald’s
• Watch Joseph Lubin videos to learn about his projects
• Red flag if the white paper doesn’t list the project milestones
• Companies that hit their project milestones tend to do better over time
• Iota didn’t do anything to fix security flaws that were pointed out to them
• Ripple isn’t decentralized, which makes its status as a cryptocurrency questionable
• Verge is not as private as people think it is
• Nimiq is a virality coin
• Look at the team, the code, and how people talk about it on Telegram groups
• • All of this looks very promising for Nimiq