James Altucher wrote a very interesting piece, “THE ABCS of BITCOIN and EVERYTHING YOU NEED TO KNOW ABOUT “FORKS”
The article is an excellent read, no matter what your take on crypto is, it’s worthwhile.
From the article:
99% of Cryptocurrencies are total scams. And, yes, Cryptocurrencies are in a bubble.
BUT…the opportunity is NEVER going away and generational wealth will be made. So you have to know the basics, why this opportunity even exists and what to watch out for.
Here’s the problem. There’s around 900 different cryptocurrencies that exist, with new ones being created every week.
I can tell you for sure: 95% of the cryptocurrencies are scams or Ponzi schemes. And I get questions every day: “Is XYZ currency a scam?” And nobody listens to the answer.
Everyone is convinced they are right. That’s a bad sign. I always tell myself I’m the dumbest person in the room. Then I call the smarter people and ask them lots of questions. And then I read everything I can. And in this case, I read the code.
But the opportunity is immense. Think, “Internet 1994”. Right before the “right before”.
BC will stand for “Before Crypto” and AC will stand for “After Crypto”. We are in 0 AC right now and the world is about to change.
Read the article and the comments here