7 Lessons I Learned about Investing in Bitcoin
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January 21, 2014 | Universidad Francisco Marroquín | Duración:..
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Tuur Demeester presents in this video seven main rules to invest in Bitcoin: understanding what is Bitcoin, simplicity, security, impact of politics, flow of liquidity, investing responsibly. Being a new type of currency, Demeester explains the theory of spontaneous order from the Austrian perspective of economics. He continues by defining the difference between the bitcoin exchange and network from its global usage and its digital existence. He urges future investors in the new ecosystem to keep it simple in buying and selling the coin. By being an unconstructed system, security is key in keeping the investments secure by having personal responsibility regarding passwords and storage. He impulses the possibility of buying opportunities in times of crisis and reminds the users to keep in mind the real effect of world politics in the mass financial power. The value of the coin is not a stable one, it depends on the amount of interchange, and Demeester regards the importance of mass psychology for the advantage in the flow of liquidity. He urges to invest responsibly, concerning the value of the network and the changes in demand and offer of the crypto-market. He ends his presentation by stating the future of the coin in Latin America as a disruptive modification for a better future.
Source:The Antigua Forum