Andreas Antonopoulos
๐ค SpeakerAppearances Over Time
Podcast Appearances
I think that's dangerous.
It behaves very much like a penny stock at the moment, and most people are not equipped to handle volatile investments like that, should probably limit it to a very small part of their portfolio.
Well, first of all, my primary advice is don't buy crypto, earn it.
So the interesting thing about this is that this is an online digital economy with the participants around the world.
If you sell a product or service that you have, especially if you sell it internationally, but even locally, if you cut hair, cut hair for Bitcoin.
If you drive a taxi, drive a taxi and accept tips in Bitcoin and Ether or whatever it may be, whatever service.
skill you have, graphic designers, music artists, software engineers, marketing managers, all of these professions, accountants can earn Bitcoins as a living.
I earn the majority of my income directly in cryptocurrencies and have done so for three years.
So I don't buy them.
I don't invest in them.
So walk me through that.
Oh, it gets better than that.
Actually, the deal is much simpler.
It's X thousand dollars in Bitcoin and it's 20% more if you want to pay me by wire transfer because I'll have to talk to a bank to figure out what went wrong because almost always it goes wrong.
So I get paid very quickly in cryptocurrencies.
So I charge a 20% premium if you want to pay me in a national currency.
Oh no, I liquidate tokens on a monthly basis because for many of the things that I need to pay for, I can't pay for yet with cryptocurrencies.
Many I can.
But that's basically just cash flow for me.
So I just manage cash flow.