12/18/2021
Have you looked into the crypto craze to see how it’s going to impact your business? What about how your business can benefit from crypto? If not, I suggest you begin looking and playing in the crypto world now, so when or if it takes off you are ready. Get started with a simple app like Coinbase, where you can begin to invest a little money and see how it works.
So what makes me out of the blue advise you to look into cryptocurrencies! I recently saw an interview with Michael Saylor, where he explained that in 2014 the US Government decided that Bitcoin was an asset not a currency. Meaning that we should look at it as a investment like stocks, bonds or even real estate, not as a replacement for the U.S. Dollar.
Understanding that, gives a much better understanding of how to treat crypto. Just like you can buy, sell, trade stocks and real estate, you can also buy, sell, and trade cryptocurrencies, so it’s very likely that, eventually your customers will want the ability to pay you by trading crypto for your product or services. Will you have that ability? Will you even know how?
Early adoption could give you a leg up in the market and on your competition. Are you intrigued? Do you want to get started?
Do it, I did! I am heading down the crypto road, and I am finally convinced you should be too. So how and where do you start? There are hundreds of apps and crypto currencies out there. How can you know which ones to use? I like the keep it simple approach, the coinbase app and Bitcoin crypto.
Think of Coinbase like RobinHood, Webul or TD Ameritrade apps where you can buy and sell stocks. Think of Bitcoin as a stock like Tesla, Apple or Ford. Bitcoin is currently like the Tesla of stocks the one out front with the most value. Then there are hundreds of others that hope to catch on and become as valued as Bitcoin. Maybe they will, you and I will help decide that as we adopt different thoughts on the value of the other cryptocurrencies.
If someone offered you GameStop stock, a popular “Meme Stock” you probably wouldn’t accept it, however if they offer you Tesla stock you would be on board. The same is true in crypto, if some one offers you Dogecoin, a crypto that is widely believed to be a “Meme Crypto” you probably wouldn’t want it, but Bitcoin you most likely would.
Hopefully all of this helps you to understand crypto a little better and see some practical uses for you and your business. To help you get started click the link below, setup your coinbase account, put in $100 and you and I will both earn $10 in Bitcoin from coinbase and we can begin to learn the world of cryptocurrencies together.
Already on your crypto journey? Do you have questions or advice? Please share in the comments we would love to hear your thoughts on Crypto.
coinbase.com/join/hodges_oylr?src=ios-link