The Tai Lopez Show

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“It’s not hard to see the future. Getting the timing right is the part you need to get right.” - Brock Pierce

(click to tweet)

The golden rule is: Only invest in things you understand.

And with cryptocurrency, what needs to be understood is more complex than the average investment decision. It’s not a company’s stock or sector of the economy you’re betting on. It’s an entirely new monetary system you’re saying that people will adopt.

This extra dimension to the investment adds research. Terms like ‘blockchain’ and ‘ICO’ are things we must know. Understanding when and where to use virtual vs. physical wallets is part of the investor’s responsibility. And trying to learn why Bitcoin can go from $7,000 to now $14,000 in one month will separate you from the other crypto-investors.

Fortunately, we live in an age where we can seek out expert opinions, and today we are joined by the Chairman of the Bitcoin Foundation and Cofounder of Blockchain Capital, Brock Pierce. Brock has been in the digital currency game for the past 20 years, and on today’s episode of The Tai Lopez Show, he covers everything cryptocurrency-related.

Don’t forget, you can listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!

“A billionaire isn’t someone with a billion dollars. A billionaire is someone who has positively impacted the lives of a billion people.”- Brock Pierce

(click to tweet)

Points to Keep In Mind

  • Cryptocurrency technically defined is a monetary system based on math and cryptology governed on a peer-to-peer basis.
    • It works on a blockchain technology - which is a decentralized and distributed digital ledger, used to record transactions across many computers. This makes it so that the record cannot be altered retroactively.
  • If cryptocurrency reinvents money, then ‘money is power’ will shift to ‘technology is power’ or ‘consciousness is power.’
  • Easier to think about cryptocurrency as digital gold or Gold 2.0 because it isn’t good for transactions (yet)
  • Cryptocurrency is a bubble but so is everything else
  • Currently in an emotional market based on sentiment being driving force of prices
  • The blockchain will bring security to Data Transport Protocol
  • Read the Innovator’s Dilemma to learn how the incumbent gets disrupted by the startup
  • If buying your first coins, use exchanges (these are your on/off-ramps into this world)
  • Once you have procured coin, move it to both a virtual wallet and a physical (hardware) wallet
  • For virtual, think about desktop/mobile needs for security purposes
  • For physical wallets, have a backup placed in another location

Sign up for my new Bitcoin Cryptocurrency Mastermind Here

Direct download: Tai_Lopez_-_12-11-17_V3_with_CTAs_-_FINAL_MIX.mp3
Category:general -- posted at: 2:00am PDT