Dave and Alex talk about Cryptocurrency and avoiding hype-investing and FOMO

Episode: 143

Dave and Alex talk Crypto

Join your hosts, David Pere and Alex Felice, as they talk about crypto assets, cryptocurrency, and some of the market volatility right now. David and Alex share their thoughts on the hype and FOMO that cryptocurrency is getting recently and if the risks are worth taking when investing in cryptocurrency.

Cryptocurrency has been increasing hype over the last few years due to stories of people reaping what they sow. As different cryptocurrencies pop up around like Bitcoin, Ethereum, and DogeCoin, to name a few, David and Alex try to expound on blockchain technology and how it affects the economy.

In this episode, David and Alex share what they think of cryptocurrency and how it affects real-world currency in general. They discuss the game of cryptocurrency and weigh out the risks and gains with gambling and some optimism on the side.

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Outline of the episode:

 

[05:17] Cryptocurrency in a nutshell

[08:58] Impacts on the economy, unemployment, and taxation

[15:21] Risks and strategies when investing in cryptocurrency

[20:03] DogeCoin analogy; Price-to-Earnings Ratio

[24:00] Threat of hyperinflation

[26:31] Cryptocurrency and the federal government

[31:36] Volatility and cascading effect

[35:45] Old economic principles don’t work with cryptocurrency

[37:59] Irrationality leading to collapse

[41:23] Shameless plug

[47:27] Advice for people starting to invest

[52:44] “Past performance doesn’t indicate future success.”

 

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My name is David Pere, I am an active duty Marine, and have realized that service members and the working class use the phrase "I don't get paid enough" entirely too often. The reality is that most often our financial situation is self-inflicted. After having success with real estate investing, I started From Military to Millionaire to teach personal finance and real estate investing to service members and the working class. As a result, I have helped many of my readers increase their savings gap, and increase their chances of achieving financial freedom! - Click here to SUBSCRIBE: https://bit.ly/2Q3EvfE to the channel for more awesome videos!

THIS SITE IS INDEPENDENTLY OWNED AND OPERATED. ALL OPINIONS EXPRESSED HEREIN ARE MY OWN. THE VIEWS EXPRESSED ON THIS SITE ARE THOSE OF THE AUTHOR OR THE AUTHOR’S INVITED GUEST POSTERS, AND MAY NOT REFLECT THE VIEWS OF THE US GOVERNMENT, THE DEPARTMENT OF DEFENSE, OR THE UNITED STATES MARINE CORPS.