This isn’t going to be a post on why you should or shouldn’t invest in Cryptocurrency, but I will tell you why Cryptocurrency will fail.
I am not even close to being an expert on Cryptocurrency. But what I DO know is the subject of this post.
What Is Cryptocurrency?
Rather than try to explain in detail (not the gist of this post) here is a definition from Wikipedia:
A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions, to control the creation of additional units, and to verify the transfer of assets. Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.
Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency – the system works without a central repository or single administrator. The network is peer-to-peer and transactions take place between users directly through the use of cryptography, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.
Bitcoin has exploded in value. At the time of this writing, Bitcoin was at 15K, went up to 19K and then back to 16K.
That’s called volatility.
At present time, this is what you need to know:
Building your business solely on Cryptocurrency and Bitcoin is a foolish plan. No reputable, successful company (that wants long-term…SECURE success) is going to do it, so why should you?
Why you ask? I’ll make it simple: Can you go to your supermarket and pay with Cryptocurrency? Can you go to the cleaners, pick up your laundry and pay with Cryptocurrency? Can you go ANYWHERE and pay with Bitcoin?
The answer is no. Until it is why on earth would you build a business on it?
We just don’t know how it’s going to play out yet. And anyone that tells you it’s 100% here to stay and it’s secure either:
– Doesn’t have a clue what they’re talking about.
IF you want to make it part of your plan…great. In fact, probably a prudent move because you’re not basing your entire fucking business on it!
That’s called smart.
That’s called diversification.
For your business you MUST master THE ONE THING that will never go out of style:
Learn to SELL. And sell proven products and services. It’s not sexy is it?
But it works.
Who doesn't pal? If you have a rich Uncle, you're good to go. If not, then you better get real and realize that latest 'opportunity' on that Facebook group where you can make 300 bucks over and over for doing nothing is complete bullshit. ARE YOU READY TO GET REAL?? >> >> >> >>
Don’t be Toys R Us…Earn Your Keep [Dot Com Minute]