John Pope's Cryptocurrency Guide and Recommendations
¤ What is Cryptocurrency?
Cryptocurrency is a digital asset that is encrypted, decentralized, and will work as a medium of exchange.
¤ Why invest in Cryptocurrency?
-It is a new form of currency that will have Worldwide adoption.
-Transaction Fees are Super Low to transfer cryptocurrency.
-Transferring cryptocurrency from say the US to Australia takes literally Seconds before it gets into the Receiver's account.
-Since the Low Transaction Fees cost literally less than a Penny, do you think Businesses and Individuals will continue going the route of Traditional Banking and High Fees?? Probably not..
-Blockchain technology can't be hacked.
-The Younger Generation is in the Digital Age, so do you think they want to pay for most things with Physical Gold and Silver?
-The Marketcap is going up very fast in the space right now and Cryptocurrency is getting more and more mainstream coverage.
-The entry point into the Crypto Market is very low and the best by far right now compared to other investments. By the way, I do not own "Bitcoin" personally and I don't recommend holding "Bitcoin" at all. There is a difference in Cryptocurrency and Bitcoin. Bitcoin is just 1 of many different Cryptocurrencies...
-Bypasses the Federal Reserve scam. Billionaires and Trillionaires can no longer keep nations poor with their failed and corrupt system. No more "Private Banks" dictating the value of currency. No more.. Knowing the Federal Reserve scam is ending, should you sit on lot of Cash or be in Stocks? Probably not.. Just my opinion.. Crypto & Precious Metals
-Point blank, the Market is on 🔥 right now. Think about the Future and the possibilities of new technologies you didn't think were possible years ago. Eventually you have new breakthroughs that will replace the old and outdated systems.
¤ Cryptocurrencies I hold
-XRP (Majority)
-XLM
-ALGO
-VET
-XDCE
¤ Exchanges I use to buy Cryptocurrency
-Coinbase (Mainly)
-Bitrue
-Binance
¤ Where do I store my Cryptocurrency?
-Ledger Nano Hardware Wallet) (Preferred)
-Exodus Wallet(Mobile App)
-Trust Wallet(Mobile App)
¤ Why is it important to store your Cryptocurrency in a Wallet?
Cryptocurrency isn't safe on the exchanges. It has happened to some people in the past where they left their crypto on an exchange and the site crashed or something and they lost some or all. Having a Wallet, preferably Ledger, will secure your Crypto since you own the Keys to your Cryptocurrency versus trusting the exchange.
¤ Why you should get a Ledger Nano X or S
-The Ledger Nano is a hardware wallet making it the most secure way to store your Cryptocurrency.
-There is a 24 word passphrase to back it up in case you lose your device or it is stolen. IT IS IMPORTANT TO WRITE THE WORD PHRASE DOWN🚨🚨🚨
-In the event that your device is stolen, they would still have to know the PIN Code you set up that you must enter every time you power on the device. They also have to have your phone to connect the Ledger device to your Ledger Live app which needs a Passcode or Fingerprint to unlock as well. To restore your Wallet, buy another device and enter the 24 Word Passphrase you wrote down.
-There are a lot of security measures in place to protect your investment with a Hardware wallet versus just a Mobile wallet.
Hardware wallet definition from Ledger: "A hardware wallet is a cryptocurrency wallet which stores the user's private keys (critical piece of information used to authorise outgoing transactions on the blockchain network) in a secure hardware device. The main principle behind hardware wallets is to provide full isolation between the private keys and your easy-to-hack computer or smartphone."
¤ Nano X vs S features
Nano X
-Bluetooth capable, making it easy to trade on-the-go with your phone. The Nano S is not bluetooth.
-Holds many more crypto accounts versus the Nano S. The Nano S can only hold 3 or 4 accounts, where the Nano X can hold over 100 accounts. Could be more beneficial in the future, or if you hold multiple cryptos.
-The Nano X has a bigger screen.
-The Nano X is priced at $119.99 versus the Nano S at $59.99.
I have the Nano X, but I plan to get a Nano S as a Backup in case of theft, loss, or damage. I have mine on my keychain, so it is easy to keep up with. Always good to have a backup of something important, and write down the 24 word passphrase again, can't stress enough...
🚨Ledger has a 40% off Black Friday Sale🚨
Today-November 30th, so take advantage.
(Continued)
Kobayashi wg1wgaadmin platform is crawling on its knees due to large influx of new users today. Can you please check everything out and get us back up to speed? Thank you! ?
Xi stepped down. Or is he on the run?
https://twitter.com/WhipLash34....7/status/13254513899
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