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Keep the wallet key with you 10 important recommendations from digital currency industry leaders Tom Lee Charlie Lee, founder of Litecoin: When you buy your digital currency from a digital currency exchange like Coinbase and keep it in the same exchange, it's like you treat digital currency like depositing money in a bank. This is very dangerous. You should be familiar with methods of protecting private keys, how to use hardware wallets, multi-signature functionality, and other solutions used to control Bitcoin. This is difficult for many people and means a relatively long learning curve.
10 important recommendations from digital currency industry leaders Tim Draper Tim Draper (Bitcoin Investor): I don't have to pay fancy people who walk into fancy bank buildings every day to keep my money. I can protect my money and not have to watch my capital disappear in these big, beautiful towers. I keep my capital in a distributed ledger and that gives me a sense of power.
2- You don't need intermediaries anymore 10 important recommendations from digital currency industry leaders Laszlo Hanik Laszlo Hannick (who made the first purchase with Bitcoin): "Payment" has always seemed to be a trivial issue; But this notion is wrong. The middlemen and headache-inducing details that come with using credit cards are still challenging. I think sellers and business owners would definitely like to use a better way [Bitcoin] for day-to-day transactions. When someone pays you with Bitcoin, you don't have to worry about fraud anymore. As a seller, working with Bitcoin is so profitable for me that I can offer more discounts to customers.
3- Decentralization is real and available 10 important recommendations from digital currency industry leaders Eric Voorhees Eric Voorhees (Founder of ShipShift): If all the mining machines in China shut down tomorrow, their workload would be transferred to other servers in other parts of the world. Mining is a fluid phenomenon and despite the participation of many people, no one has control over it.
You must understand this important feature of Bitcoin; No one person or group controls Bitcoin. Unfortunately, misconceptions about the control of Bitcoin have spread, which I would like to remove; But the concept of decentralization is very difficult for most people to understand. People like to imagine a controlling system for every phenomenon; Because it helps them to understand it better.
4- Don't follow useless news and sidelines 10 important recommendations from digital currency industry leaders Charles Hoskinson Charles Hoskinson (Cardano founder): To do well in digital currency, like all entrepreneurs and businessmen, you need a reasonable business model and logical mechanism. If you can't explain the business model, the way to make money, the reason for choosing digital currency and your goal, and the only thing you've learned is to repeat the words "Blockchain" and "Magic", you probably have a big misunderstanding.
Don't let the power of cryptocurrency entice or dazzle you into overestimating its capabilities. The availability of such a feature should not prevent you from having a good business model with high profitability. You should be aware of this.
5- Get rid of the thought of overnight income 10 important recommendations from digital currency industry leaders Changpeng Zhao Changpeng Zhao (founder of Binance exchange): I have always believed in the future of digital currencies; But sometimes you have to keep the possibility of making a mistake and the price of Bitcoin going to zero in the corner of your mind. Only then can you have a long-term vision for yourself.
Brendan Chase (Co-Founder of CoinMarketCap): The best investment you can make is investing in yourself; Get to know technology and participate in your favorite projects. By doing this, once digital currencies become the dominant phenomenon in the world, you will gain many customers because of the experience and knowledge you have gained. Finally, you should be skeptical of any phenomenon that promises to make money overnight.
10 important recommendations from digital currency industry leaders Amin Gon Sirer Amin Gon Sirer (Network and Computer Engineer): I think that if there is no direct social impact and the use of technology to produce and help the economy, digital currencies will quickly become a scam. The act of buying and selling currency will not create economic returns by itself. In the current state of the digital currency market, which is based on trading and speculation, people who make a profit make this money from the losses of others. It is a "zero-sum" game where only the miners who are tasked with processing transactions make a profit.
6- Unity is the key to success 10 important recommendations from digital currency industry leaders Charlie Sharm Charlie Schrem (American entrepreneur): What industry has a common goal like digital currencies? Of course, different digital currencies will always compete with each other; But all of them ultimately contribute to the further growth of the system. So as long as we continue and remember this alliance, the greatest advantage of the digital currency industry will be this alliance.
7- Always be ready to innovate 10 important recommendations from digital currency industry leaders Shenyu Mao (founder of mining company F2Pool): Compared to software companies, starting a hardware company gives you a great sense of accomplishment. This feeling is much stronger for us who work in the field of mining, that is, at the frontier of technology.
8- Do not be afraid of failure 10 important recommendations from digital currency industry leaders My people, Demirers Meltem Demirers (CEO of Kevin Shear): When people tell me I'm a failure, I take it well and I'm happy about it; Because I fail regularly and I accept my failures and shortcomings as a human being. When people tell me I'm wrong, I thank them and ask them to explain why so I can improve my performance.
9- After getting enough information, join the digital currency industry 10 important recommendations from digital currency industry leaders Ton Wiz Ton Wise (Investment Advisor): People who enter this market should only listen and learn for three to six months; Because it will take at least one and a half to two years to fully understand the mechanism of Bitcoin and its potential to change the world.
Sonny King (Chief Architect at Vsystems): My advice to anyone entering the cryptocurrency world is to experience it firsthand. Don't put your assets in the hands of digital currency exchanges that act like stock market brokerages. Use non-trust wallets, keep tokens with you and learn the basics of working with mental wallets. Buy some digital currency for your business or just for fun! This is a completely new experience of working with money in the virtual world that brings freedom and privacy. Finally, learn to manage risk and practice accountability.
10- The era of digital currencies has arrived 10 important recommendations from digital currency industry leaders Hunter Horsley Hunter Horsley (CEO of BitWise Asset): One of the unique features of the digital currency industry is its nascent nature. This feature is especially suitable for beginners who are looking for many opportunities. If you are a beginner, you should know that there are very few people who are more experienced than you; Because there are not many active people in the crypto field. You can enter this space and start working using your skills, work background and mindset. After a year or two, you will have a set of abilities and experiences that are somehow unique.
Keep the wallet key with you 10 important recommendations from digital currency industry leaders Tom Lee Charlie Lee, founder of Litecoin: When you buy your digital currency from a digital currency exchange like Coinbase and keep it in the same exchange, it's like you treat digital currency like depositing money in a bank. This is very dangerous. You should be familiar with methods of protecting private keys, how to use hardware wallets, multi-signature functionality, and other solutions used to control Bitcoin. This is difficult for many people and means a relatively long learning curve.
10 important recommendations from digital currency industry leaders Tim Draper Tim Draper (Bitcoin Investor): I don't have to pay fancy people who walk into fancy bank buildings every day to keep my money. I can protect my money and not have to watch my capital disappear in these big, beautiful towers. I keep my capital in a distributed ledger and that gives me a sense of power.
2- You don't need intermediaries anymore 10 important recommendations from digital currency industry leaders Laszlo Hanik Laszlo Hannick (who made the first purchase with Bitcoin): "Payment" has always seemed to be a trivial issue; But this notion is wrong. The middlemen and headache-inducing details that come with using credit cards are still challenging. I think sellers and business owners would definitely like to use a better way [Bitcoin] for day-to-day transactions. When someone pays you with Bitcoin, you don't have to worry about fraud anymore. As a seller, working with Bitcoin is so profitable for me that I can offer more discounts to customers.
3- Decentralization is real and available 10 important recommendations from digital currency industry leaders Eric Voorhees Eric Voorhees (Founder of ShipShift): If all the mining machines in China shut down tomorrow, their workload would be transferred to other servers in other parts of the world. Mining is a fluid phenomenon and despite the participation of many people, no one has control over it.
You must understand this important feature of Bitcoin; No one person or group controls Bitcoin. Unfortunately, misconceptions about the control of Bitcoin have spread, which I would like to remove; But the concept of decentralization is very difficult for most people to understand. People like to imagine a controlling system for every phenomenon; Because it helps them to understand it better.
4- Don't follow useless news and sidelines 10 important recommendations from digital currency industry leaders Charles Hoskinson Charles Hoskinson (Cardano founder): To do well in digital currency, like all entrepreneurs and businessmen, you need a reasonable business model and logical mechanism. If you can't explain the business model, the way to make money, the reason for choosing digital currency and your goal, and the only thing you've learned is to repeat the words "Blockchain" and "Magic", you probably have a big misunderstanding.
Don't let the power of cryptocurrency entice or dazzle you into overestimating its capabilities. The availability of such a feature should not prevent you from having a good business model with high profitability. You should be aware of this.
5- Get rid of the thought of overnight income 10 important recommendations from digital currency industry leaders Changpeng Zhao Changpeng Zhao (founder of Binance exchange): I have always believed in the future of digital currencies; But sometimes you have to keep the possibility of making a mistake and the price of Bitcoin going to zero in the corner of your mind. Only then can you have a long-term vision for yourself.
Brendan Chase (Co-Founder of CoinMarketCap): The best investment you can make is investing in yourself; Get to know technology and participate in your favorite projects. By doing this, once digital currencies become the dominant phenomenon in the world, you will gain many customers because of the experience and knowledge you have gained. Finally, you should be skeptical of any phenomenon that promises to make money overnight.
10 important recommendations from digital currency industry leaders Amin Gon Sirer Amin Gon Sirer (Network and Computer Engineer): I think that if there is no direct social impact and the use of technology to produce and help the economy, digital currencies will quickly become a scam. The act of buying and selling currency will not create economic returns by itself. In the current state of the digital currency market, which is based on trading and speculation, people who make a profit make this money from the losses of others. It is a "zero-sum" game where only the miners who are tasked with processing transactions make a profit.
6- Unity is the key to success 10 important recommendations from digital currency industry leaders Charlie Sharm Charlie Schrem (American entrepreneur): What industry has a common goal like digital currencies? Of course, different digital currencies will always compete with each other; But all of them ultimately contribute to the further growth of the system. So as long as we continue and remember this alliance, the greatest advantage of the digital currency industry will be this alliance.
7- Always be ready to innovate 10 important recommendations from digital currency industry leaders Shenyu Mao (founder of mining company F2Pool): Compared to software companies, starting a hardware company gives you a great sense of accomplishment. This feeling is much stronger for us who work in the field of mining, that is, at the frontier of technology.
8- Do not be afraid of failure 10 important recommendations from digital currency industry leaders My people, Demirers Meltem Demirers (CEO of Kevin Shear): When people tell me I'm a failure, I take it well and I'm happy about it; Because I fail regularly and I accept my failures and shortcomings as a human being. When people tell me I'm wrong, I thank them and ask them to explain why so I can improve my performance.
9- After getting enough information, join the digital currency industry 10 important recommendations from digital currency industry leaders Ton Wiz Ton Wise (Investment Advisor): People who enter this market should only listen and learn for three to six months; Because it will take at least one and a half to two years to fully understand the mechanism of Bitcoin and its potential to change the world.
Sonny King (Chief Architect at Vsystems): My advice to anyone entering the cryptocurrency world is to experience it firsthand. Don't put your assets in the hands of digital currency exchanges that act like stock market brokerages. Use non-trust wallets, keep tokens with you and learn the basics of working with mental wallets. Buy some digital currency for your business or just for fun! This is a completely new experience of working with money in the virtual world that brings freedom and privacy. Finally, learn to manage risk and practice accountability.
10- The era of digital currencies has arrived 10 important recommendations from digital currency industry leaders Hunter Horsley Hunter Horsley (CEO of BitWise Asset): One of the unique features of the digital currency industry is its nascent nature. This feature is especially suitable for beginners who are looking for many opportunities. If you are a beginner, you should know that there are very few people who are more experienced than you; Because there are not many active people in the crypto field. You can enter this space and start working using your skills, work background and mindset. After a year or two, you will have a set of abilities and experiences that are somehow unique.
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