[fixed the audio in the video, sorry about that]
Obviously investing and seeing appreciation of your assets is one way to earn money with cryptocurrency, but to do that, you need capital to invest, which sometimes means your returns won't be as satisfying until you build that capital up.
There are many ways you can actually earn income with cryptocurrency, and the more patient investor is able to see much greater return on investment using certain strategies than if they were to just buy crypto (like bitcoin) straight from coinbase and hold it indefinitely without any plans or knowledge of what to do with it.
You should always have a plan for your money and your assets, use them to your full potential so that they can grow into more money. Wealth comes from a constant state of growth, both personal growth in your learning and understanding of markets and monetary growth in your investments.
Take every available opportunity to network with like minded people, the power of information and communication is the single greatest tool we have to be successful in today's world.
Seek to learn from as many different people as you can and draw from their perspective. It's perfectly fine if you don't always agree with what how or another person may see value in something, but you should be able to understand how they arrived at their conclusion...and how you intend to arrive at yours.
Never invest in things you do not fully understand and never invest in things that you personally cannot see value in. Just because everyone else is doing it, doesn't mean its going to be a good investment for you. You will grow to be a much stronger and smarter investor if you choose to invest where you see the most value.
Never stop learning, always ask questions, and remember to stay humble in everything you do.
Happy new year.
What about Komodo, what do you think about it?
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I think Komodo makes sense in theory...at least when it comes to horizontal expansion of blockchains off of the bitcoin blockchain...but I don't feel like it really solves any issues since it still relies on the proof of work system of bitcoin for the delayed proof of work concept to be effective. What seems good about it, is that it will enable more testing of blockchain technologies and ICOs to arise without having to find a workaround to the POW method.
My question is whether or not it has tangible application that isn't already achieved by proof of stake...yet to be seen imo. Also, there are other issues with the bitcoin blockchains vertical scaling (block size, transaction speed, cost etc) that I think are more pressing than these horizontal expansion concepts, as potentially useful as they may end up being.
I am eagerly watching the proof of stake testing grounds as I am very interested to see how that goes, particularly in ETH and their CASPER alpha and what kind of a POS/POW hybrid they will end up with.
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The @OriginalWorks bot has determined this post by @hvlyarmedtrader to be original material and upvoted it!
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