The Best Strategy for Success in Crypto Investing
The best strategy for crypto investing, especially if you are new to the industry, is to understand the difference between Layer 1 and Layer 2 solutions, and then diversify within the projects you have researched and identified as viable.
In this video, we’ll explore those key differences and look at the categories emerging in the Cardano ecosystem.
Crypto Courses, Events & More: www.cryptofluency.com
Chapters:
00:00 What is the Best Strategy for Success in Crypto Investing?
01:14 What do beginners do when they start investing in crypto?
01:43 What is a Layer 1 Solution?
02:28 Three Examples of Layer 1 Blockchains: Bitcoin, Ethereum, Cardano
03:05 What is a UTXO Blockchain Model and how it it different from an Account based blockchain model or an EUTXO Blockchain Model?
07:08 How are Ethereum and Cardano’s blockchains different from Bitcoin?
08:50 What are Layer 2 Solutions in Blockchain Technology?
11:30 Coinmarketcap.com - A resource for evaluating different cryptocurrencies
11:55 How choosing a crypto wallet is affected by your investment projects
12:50 How to educate yourself about blockchain technology and cryptocurrency
13:40 Why I consolidated all of my crypto investments into the Cardano Ecosystem
16:30 What you need to consider if you buy cryptocurrencies on different blockchain platforms
17:09 What are the different verticals or categories of Layer 2 cryptocurrency investments?
17:40 Artificial Intelligence is One Investment Vertical
18:40 Another Layer 2 project category is Telecommunications
19:12 Another Layer 2 project category is Money Lending and borrowing
20:25 Another Layer 2 project category is Gaming
20:58 Another Layer 2 project category is Meme Coins
21:13 Another Layer 2 project category is Wallets
22:14 Thoughts on why diversifying is a best strategy for success in cryptocurrency investing.
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