These are all words I highly encourage you to conduct your own research with and begin figuring out what they mean to you, because they mean something different to everybody, even if they do have an overall definition with anything, especially in the world of finance. It's so incredibly important to always conduct your own research, don't base 100% of your understanding or opinions off of strictly the opinions of others. So I want this to be an open platform to discuss all things crypto
Deborah Pardes
@DBPardes · 1:25
When you think about the variety of coins, is there an optimum number of coins you want in your wallet? Do you personally the two of you since you're talking with each other? I guess I'll ask you and disclose what you want. But are there too many coins to have? Or can you just say, I'm really feeling safe with Aetherium and Bitcoin? Those are my favorite things. But as you dive into different economies, are there parallel economies for each coin or are they interchangeable?
Deborah Pardes
@DBPardes · 0:53
Hey Liam, that's really helpful. Actually viewing it sort of as we do any portfolio we have. The diversification is important, and watching the market is not so important if you just do investing with money that you're ready to lose, even if it's Bucks. I think what drives people crazy is if they watch the market on a daily basis, it's going to make them have a really weird skewed view of what the long tail commitment is
Holly Rothschild
@Dance · 0:12
Hi. Thanks for this information. Can you talk more about what Web three is actually and how that fits into all of this? Thanks
Hello. Thank you for your question and your involvement. Simply put, Web Three is also called Web 30, and it's an idea for a new iteration of the World Wide Web pretty much use using blockchain technology, which main focus is decentralization, and you do this through token based economics cryptocurrencies, for instance. Some people have contrasted it with Web 2.0, which is what we're currently in, wherein they say the data and content are centralized in a small group of companies
Liam and Deborah, this is kind of going out to both of you. Wanted to touch on your swells recently. Your Replies Liam, I completely agree with you with the start simple at 50%, it's kind of a more safer, longterm investment or potentially save for a long time investment. I should clarify, investing in things like Ethereum and Bitcoin that have a large support network and a lot of backers can be a good secure way to store it's
Deborah Pardes
@DBPardes · 1:14
And you just answered that question for me Because that's kind of the behavior that means you're in it for the long haul. And I think the other issue for me is how often do you check your wallet? I use Coinbase. So how often do I check that? I just purchased something called my sister and I were researching the most green coin. I think it's called shoot, Canoba or dance
There is space for traditional film and television development, as well as this more Wild West fun chaos that comes along with developing in Web Three. So there you have it. I'm going to link the article and the screenshot above. I highly advise anybody interested in taking that next step in the crypto world. Nfps. Begin taking that rabbit hole for a change and see where that may lead. You hope this helps. Have a beautiful day
Deborah Pardes
@DBPardes · 1:54
And yes, NFTs are such an amorphous thing for so many of us who haven't, we're still dipping our toes into the currency, let alone spending it. But I think that's simultaneous. That is where I think I'm going to have more pleasure, because anything wrapped in art makes me happy. Anyway, thanks for this conversation. Let's keep on continuing it