Originally aired on Apr 27, 2023
This episode is aimed at people who don’t understand the crypto space and have questions about digital assets. Nick Black believes that most traders will end up losing their money and that true wealth is achieved through investing and understanding basic financial tools.
Why Does Nick believe most traders are going to lose their money?
- Nick Black believes that traders will eventually lose their money as they take greater and greater risks.
- Investing and understanding basic financial tools are key to achieving wealth over time.
- Blockchain-based systems currently require all nodes on a network to communicate, causing delays and bottlenecks. Hypercycle, a forthcoming project aimed at heavyweights, is set to introduce a more efficient ledger-less blockchain system.