HOT TAKE - BITCOIN VS CRYPTO - WHY GOOD ADVICE IS KEY

HOT TAKE - BITCOIN VS CRYPTO - WHY GOOD ADVICE IS KEY

On this episode, Joran addresses some market reactions to bitcoin due to the FTX fraud that took place. It's important to understand the difference between bitcoin and cryptocurrency.

Most people see bitcoin, FTX, and the rest of the cryptocurrency market through the same lens. When in fact, bitcoin and crypto are completely different. Joran explains the main differences including:

Decentralized vs Centralized - the bitcoin network is fully decentralized around the world - there is no CEO of bitcoin. The majority of cryptocurrency projects and exchanges are fully centralized being run like a company.

Fixed supply - there is a fixed supply of 21 million bitcoin that will ever be created. The majority of cryptocurrency projects do not have a fixed supply or a fixed schedule for future creation.

Energy - bitcoin requires energy to create. Even Satoshi Nakamoto could not issue himself any bitcoin. The bitcoin network uses Proof-of-Work - which requires work (energy) to mine new bitcoin. The majority of other cryptocurrency projects use Proof-of-Stake which does not require energy to create new coins.

Joran also discusses the importance of getting good advice, holding your own private keys, how much you should be allocating to bitcoin, and how to book a consultation at Silverstone Solutions.

This channel will focus on everything you need to upgrade to the modern economy. We will discuss bitcoin, silver, gold, real estate, sports cards, private equity, and much more.

Aside from the financial and investing portion, we will be sharing our experiences and knowledge in cooking, golf, fitness, and building your own business.

This episode was brought to you by Silverstone Solutions.
Silverstone Solutions make it easier for you or your business to get into Bitcoin. We give you the tools to help you acquire, store, and protect your wealth.
Check out the website to learn more and book a consultation with Joran!
www.silverstones.ca

BUYING YOUR FIRST AMOUNT OF BITCOIN:
If you're in Canada - Shakepay is by far the best exchange for buying and selling bitcoin. Use think link to earn $10 worth of free bitcoin and unlock the shake feature!
https://shakepay.me/r/3F74DYA
*Use the shake feature to earn free bitcoin every day for opening up the Shakepay app and shaking your phone. Earn bitcoin without spending any money!

FOR LARGER PURCHASES (CALEB AND BROWN):
Once you get past zero, you might want to start allocating a little more of your portfolio to bitcoin or other cryptocurrency projects.
I HIGHLY recommend using Caleb and Brown for any purchases over $1,000!
You should also consider getting an account with Caleb and Brown to further decentralize yourself and have options for when you want to buy or sell.
Use this link to sign up with the Silverstone Solutions referral group and get 30% off commissions and exclusive access to a broker:
https://www.calebandbrown.com/open-ac...

BE YOUR OWN BANK (CRYPTO ONLY LAPTOP):
Take your security to the highest level. If you're holding more than $10,000 worth of crypto assets you should not be storing them on your phone! Or on the same laptop you're using to browse Amazon or Facebook.
The crypto-only laptops provide the highest level of security and helps you sleep better at night. If you have any questions or want to see if this makes sense for your current situation, feel free to send me an email! [email protected]
If you want to go ahead and purchase one and set yourself up for the future, use this link: https://shareasale.com/r.cfm?b=177356...

DECENTRALIZE YOURSELF:
Set yourself up for success. Create accounts on several different exchanges - even if you do not plan on buying anything in the short-term. You can use my referral links to earn free bitcoin as welcome bonuses on each of the following exchanges - Shakepay, Coinberry, Newton, and BitBuy.
A full list of these links can be found at
https://silverstonesca.wordpress.com/...

OTHER INQUIRIES:
If you have any questions or would like to book a consultation, please contact [email protected]