Here the interview with Michael Saylor, the big advocator for Bitcoin as the only way to save economy and financial wellbeing destroyed by the inflationary policy of printing more and more money.

What is the Safest Crypto to Buy and Invest in Your Hard Earned Money?

If you were following the crypto industry news for the last year, or have invested in crypto during the bull run, you probably asked this question more than once in the last couple of months. Well, let me tell you that you are not alone. Thousands of people all around the world are speculating what crypto is safest to buy and what crypto has the highest potential, but also what is the safest place to buy and store the crypto.

I guess the only person who hasn’t been affected by this year’s crypto bear market are those who either weren’t exposed to any so they didn’t buy, or those who got into crypto now or way before and didn’t sell. But if you bought any cryptocurrency except Bitcoin in the last 1 and half years you are most likely questioning the true nature and reality of this fairly new industry. And it’s ok, again, you are not alone.

The ugly reality is that whether you bought any crypto or not, you lost your money, or the value of the money. Because if you just hold the cash under your pillow or in a bank, you have lost the purchasing power by the rapid pace during the 2020 and 2021 pandemic, and continue losing until now as we speak. The hyperinflation created by printing trillions of euros and dollars, or any other FIAT currency creeping on everyone at the hyper-speed. The sad thing is that not many people realize that until it’s too late and they have lost everything.

It’s critical to educate yourself on the topic of finance, especially the unconventional education, the true reality of the finance and monetary policy, and how totally corrupt the financial system is. They won’t teach this in schools because they don’t want you to know so you inevitably lose everything you have, own nothing and be happy.

Sounds familiar? Ok, now lets talk about crypto a slightly bit more positive news and facts.

Our Only Hope in the World of Finance and Ownership

The latest crypto boom and bust of 2021 taught us that not all cryptos are created equally and not all coins are good investment, especially when we are talking about investing long-term. In fact, actually the vast majority of crypto coins do not fall into that category except one, or maybe a handful few, and there are many good reasons for that.

This year, we learned the painful and expensive lesson with downfall of many crypto companies that ignored the risk of over exposure and became insolvent losing their and customers funds due to bad leadership and risk management, growing fast and falling even faster. Yes, we talk about TerraLabs, Celsius Network, Voyager, and the most painful and recent downfall of the second biggest crypto exchange FTX, just to name a few major companies. This crypto sh*t storm has affected the entire crypto industry and will take some time to recover.

So, what is the safest crypto to buy?

To no surprise it’s the first and the biggest one of all, BITCOIN!

The Big Difference Between Bitcoin and Other Cryptocurrencies

There are many technicalities that distinguish Bitcoin from other cryptos, but the biggest and most important difference is that Bitcoin is the only coin categorized as commodity, and for a simple reason.

There is no Issuer, CEO, or ICO funding, therefore there is nobody who controls that. It has the limited fixed supply that cannot be changed or adjusted, and it’s based on the proof of work (PoW) consensus algorithm that has built in the bitcoin halving that happens every 4 years which makes it also scarce.

These are just a few major reasons why Bitcoin is the No. 1 and only digital asset given to people to achieve true financial freedom long term.

If you would like to learn more on this topic I highly recommend to read books such as Bitcoin Standard: The Decentralized Alternative to Central Banking, Bank to the Future: How to Protect Your Future Before Governments Go Bust by Simon Dixon (check out his YouTube channel with hundreds of videos on Bitcoin and crypto topic), and also listen to interviews with Michael Saylor who explains the best what does Bitcoin mean for humanity and how it’s different from other crypto assets that cannot be the same.

Learn why the Bitcoin is the humanity’s only Hope for true financial freedom, conservation of energy, and fair financial system.

Is Bitcoin Secure?

Bitcoin, an innovative cryptocurrency that is becoming more and more popular among people worldwide, has recently made the headlines due to its unpredictability. It is the world’s first decentralized digital currency and it has been in the news a lot lately. Despite its growing popularity, many people are still wondering if they should invest their money in bitcoin

What is Bitcoin?

Bitcoin is the first decentralized digital currency. It has been around since 2009 and it has generated a lot of interest since then. People call it a cryptocurrency because it uses cryptography to control the creation and transactions of money. In simple terms, Bitcoin is just a virtual piece of currency that you can trade online in exchange for goods or services.

Is Bitcoin Safe?

Bitcoin is a very risky investment. Bitcoin’s price recently reached an all-time high of around $68,000 in November 2021, before falling below $42,000 in early January. This is only one example of the coin’s ups and downs over its history.

While Bitcoin technology is relatively secure, there are several hazards to be aware of before investing. Bitcoin isn’t anonymous, cryptocurrency prices may be very unpredictable, Bitcoin is password-based, and cryptocurrency wallets are vulnerable to theft.

Does Hyperinflation Affect Bitcoin?

The profits you see in the cryptocurrency market are not the same profits that you see in the real markets. Bitcoin prices can rise unexpectedly at any moment, despite how much liquidity there is in the market, and they can fall just as suddenly. The price of Bitcoin may completely change on a daily basis. These changes in prices are due to variations in supply and demand, and your profit will be based on whether or not you buy at the right time. Unlike fiat currency, crypto cannot be manipulated as easily by raising interest rates or creating more money. As such, this also means that there is no real threat of hyperinflation.

Bitcoin Cyber Security Risks

Cybersecurity is still a problem in Bitcoin, with cybercriminals using Bitcoin to stay anonymous, they also exploit the weaknesses and unsafe areas of this new and rapidly evolving technology. Cyber crooks may permanently lock customers out of crypto wallets by stealing their account keys, giving them access to their entire assets. As a result, it’s critical that crypto accounts be handled with extreme prudence.

Bitcoin Is Not Anonymous

While Bitcoin hides your personal information, it does not hide your crypto wallet’s address. That implies you’re no longer “anonymous,” but rather “pseudonymous,” and someone may trace out your personal information using hints. Governments may issue subpoenas for information, and hackers can access data in a variety of methods.

Because all ledgers are open to the public, if someone knew how much you spent, when you spent it, and where you spent it, they could look it up in the ledger and track it back to your wallet. They might then map your buying patterns, collect data about your life, and perhaps blackmail you after that.

Bitcoin Is Volatile

Despite the fact that Bitcoin utilizes strong encryption, its volatility makes it a risky investment. With no governing agency in place and a global, 24-hour market, a bitcoin worth $60,000 one day may be worth $30,000 the next.

There have been periodic times of stability, but they never endure. After all, there’s a reason why some joke that Bitcoin is just male astrology. Invest at your own risk, understanding that you might lose a lot of money.

Bitcoin Passwords Can Be Lost

Crypto wallets are where bitcoins are kept. You’ll be in big trouble if you forget your Bitcoin password – that is, the password to your wallet. You cannot contact a central authority to retrieve your account. Several individuals have lost millions of dollars after forgetting their crypto wallet password.

That’s simply one more incentive to utilize a password manager at all times. However, even your own safeguards may not be sufficient. After its founder died without giving the secret password, a well-known crypto exchange failed to reimburse $190 million to customers.

Conclusion

Bitcoin is a powerful new technology that could revolutionize the way money circulates worldwide. However, it’s also highly risky. Bitcoin is not anonymous and its prices are extremely unpredictable. Furthermore, it’s possible for you to lose your password and access to your cryptocurrency wallet, so be careful with it.

Bitcoin is not the type of investment that you want to make if you’re looking for stability in your life. Nonetheless, if you don’t mind taking risks in exchange for potentially huge benefits then it might be worth investing in this cryptocurrency. For more information about Bitcoin check out our blog now.