Oct 29, · Author: Sir John Hargrave Sir John Hargrave is the publisher of Bitcoin Market Journal. He holds BTC, ETH, XRP, and DRGN, and is the author of the bestselling Blockchain For Everyone. Comments are closed. Jun 08, · Author: Sir John Hargrave Sir John Hargrave is the publisher of Bitcoin Market Journal. He holds BTC, ETH, XRP, and DRGN, and is the author of the bestselling Blockchain For Everyone. Comments are closed. Most Popular Articles Like This One. Facebook Coin: How to Invest in Libra, Facebook’s New Cryptocurrency. Bitcoin ETFs: What They Are and How to Invest (in ) Most Recent Articles Like This One. Stocks, Bitcoin Rally Following Fed Announcement on Inflation. Stocks Continue Rally While Bitcoin Finds Support Above $11, Digital Asset Weakens Continues, Gold Also Retracts.
John hargrave bitcoin market journalBitcoin Market Journal: Analysis and Insights
Most DeFi strategies are ways of moving money around between protocols and platforms. At Bitcoin Market Journal, our philosophy is to look for long-term investments in protocols that will drive long-term value.
So instead, look for the protocols or projects that people are using. Instead of investing in the protocol lowercase , I invest IN the protocol uppercase. Which would you rather own: a banking account, or the bank itself? But it helps if we can roughly explain what the devices do. The world of DeFi is extremely complex, so strive to understand before you invest. I can explain what Uniswap does: it allows you to easily change one blockchain token to another. Warren Buffett invested in Dairy Queen partly because he liked the ice cream.
The principle of keeping it simple also applies to the number of investments you make. Avoid chasing every project you think may pay off. Remember the Slot Rule. Our principle for blockchain investing is to keep it a fraction of your overall investment pie between 2. In other words, blockchain is a slice of the pie, and DeFi is a slice of that slice. Gas fees are highest when the most people are using the network. Usually, you are literally following the crowd, rushing with the herd.
The simple rule of thumb is if your transaction is not going through because the Ethereum network is overloaded, step back and take a breather. There is a way to reap the rewards of mining, without investing in expensive hardware or maintenance to worry about. This is cryptocurrency staking, and it is a convenient way to potentially generate a passive income.
After all, why not? Cryptocurrency portfolio management apps can help you manage and trade your blockchain investments by providing a host of useful information ranging from price alerts on particular coins to tax information, holdings, transaction details, and more.
In fact, it could be compared to the simplicity of buying and selling, just with some slightly different steps. As most of you are no doubt already aware, the very first Bitcoin block, mined by Satoshi Nakamoto, included an encoded message, an image of a newspaper headline relating to the bailouts of banks following the financial crisis. Shop windows were boarded up, to protect against the possibility of looters. Now multiply this story times hundreds and thousands of small businesses across America, and even across the world.
Picture boarded-up shop windows all over our major cities. The ultra-wealthy will move their money elsewhere. Like rats jumping from a sinking ship, they will try to quickly dump their unprofitable real estate ventures and get out of Main Street businesses, moving money into places and countries where they think they can get a better return. Increasingly, they will move into assets that they perceive as safer such as gold or higher-growth alternatives such as bitcoin.
In both cases, you can see by the rising prices that this is already happening. Six-month gold price above vs. Bitcoin price below. Bitcoin Market Journal is trusted by thousands to deliver great investing ideas and opportunities.
Join them below. Africa also has the right idea: create a rich network of tech hubs. It did. For the economy, this matters a lot. The Great Reset of the Economy I spoke with a jeweler this week who has maintained a storefront shop for over 30 years.