Are you thinking of diving into the crypto space and investing in bitcoin? If so, you’re not alone.
In this episode, Rob Wolff discusses the mentality and strategies that you need when investing in bitcoin. It’s important to understand exactly what you’re getting into before taking the plunge, so he shares what bitcoin is and why it’s worth investing in. From understanding the technology behind it to assessing risk, volatility and making profits, we’ve got you covered.
If you’re new to investing in bitcoin or curious about the crypto space but don’t know where to start, then this episode is for you!
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Here are three reasons why you should listen to the full episode:‘The value of Bitcoin lies in its scarcity.’
‘The reality is, is that I believe we're in for some pretty bearish days. And I believe that the traditional stock market on Wall Street, we're going to see a pretty big decline with the S&P 500 and NASDAQ as it goes down.’
‘In the short term right here, it's extremely important to make sure that you're making the right decision for you and your family.’
‘Everybody has the mentality to invest. But the question is, do you have the stomach?’
‘The basics are just like getting any investment: you take a look at the project or the company itself, and just go and just do as much research as you possibly can and go, do I want to invest into this, and I'm going to invest only what I can afford to lose.’
‘If you take a look at at the risk factor of the of the volatility, there is, again, the time horizon that you look at could be a lot different.’
‘People always complain about, oh, blockchain and crypto it's for illicit activities and things like that and drug smugglers. No, it's not. Because every transaction you do is on an open ledger.’
About RobRob Wolff is the host of Digital Asset News and the creator of DAN Teaches Crypto, a free crypto education platform for all levels of digital asset knowledge. With his incredible wealth of knowledge in crypto, he helps people understand cryptocurrency and digital asset news.
As a business owner and investor, Rob firmly believes the crypto space will change the world in dramatic ways. Learn more about his work on his website and YouTube channel. You can also connect with him on Twitter.
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To pushing the limits,
Lisa
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