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Why Bitcoin? Advantages and Disadvantages of Bitcoin

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advantages of bitcoin

Ask any bitcoin newbie why bitcoin is the best and they will spew some buzzwords and jargon at you.  

There is a difference between bitcoin maximalist and a bitcoin newbie.  

Bitcoin Maximalists have learned about the technology and know this to be the right answer to the problems of traditional commerce. They will never part with their belief even if the bitcoin’s value in fiat goes to zero. They have no regard for fiat.

Bitcoin newbies on the other hand have read a bunch of books and blogs, watched some self-proclaimed experts on YouTube, they may have even attended some seminars and they have gathered proof to support whatever they want to believe.  

This belief could be that Bitcoin is the best thing or bitcoin is the biggest scam.  

A newbie forms opinion first and then consumes information that cements that opinion.  

If you are a newbie, we give you 50 reasons below why Bitcoin (coin and blockchain) deserves all the attention it is getting and more. We are not making a case for or against bitcoin, we are just going to list out reasons why the price of bitcoin in fiat does not matter.  

Each reason is merely stated and not elaborated as each of these reasons could be a topic in their own right.  If you are a newbie (we too are, so we are not calling you out), dig into each of these reasons with an open mind and a zeal to learn.

 

Advantages

 

1

Trust
One of the most fascinating ironies is that bitcoin creates trust through a trust less network.

2

Fees
This shouldn’t be the second reason, but we couldn’t resist. Someone moved BILLION dollars worth of Bitcoin in 2019 for a network fee of $750. If you are focusing on the fees in fiat - you are missing the point - someone moved a billion dollars without the help of a bank-clearing house-waiting period-paying a big cut in fees, etc.,

3

Limited Supply
Governments can print as much money as they want and they do. Sometimes they print money off the books to fund international secret missions. All of this money eventually joins the circulating money and that dilutes the value of fiat. Bitcoin will never have more than 21 Million coins.

4

Earn interest without the minimums
While the world is moving toward negative interest rates, that is, you have to pay the bank to keep your money, many companies in Crypto are offering interest on your bitcoin without minimums (we like Celsius Network).

5

Permissionless
You do not need permission from your bank or government to take part in the bitcoin network.

6

Free to build
If you have the knowhow to build something - you can freely do so on bitcoin network. Bitcoin technology is free for all to use and build better projects, even better bitcoin.

7

Trajectory
There were 2 bitcoin wallets in 2011, as of this writing that number is at 43,400,000 and it keeps growing. Increasing wallets means increasing awareness and increasing penetration of bitcoin.

8

Accessibility
No matter where you live in the world, you can access the Bitcoin network as long as you have the internet. This gives unique power to people of all nations.

9

Immutable
A transaction on the bitcoin network cannot be deleted or hidden and this immutable nature of the bitcoin blockchain is what got this revolution started.

10

Immortal
Transactions on the bitcoin network are immortal. No matter how much time has passed, you cannot cover up transactions over time.

11

Millennials
Millennials form 35% of the workforce today and millennials trust bitcoin more than banks, that is a strong indicator that bitcoin is going to be embraced by future generations.

12

Security
Bitcoin continues to be one of the most secure open networks out there. As more and more projects build on top of the bitcoin network, it only increases its strength.

13

Fake Fiat
Many financial gurus believe that the ‘print at government’s whim’ paper is running out of juice and it's not too long before countries follow suit of Argentina, Venezuela, etc.,

14

Hack-Resistant
Barring the Value Overflow Incident of 2010, Bitcoin network has not been hacked since.

15

Dying Economies
In 2011, Argentina Peso was trading at 4:1 against USD. Today, it is 60:1; Inflation, wars, political unrest, unhealthy debt to GDP ratios, corruption and corporate greed are killing economies and people need a hedge that helps them not only save their life-savings but to grow them. Bitcoin has done an immaculate job at it for the past decade.

16

Deflationary
with each passing year, the amount of new bitcoin that gets created reduces. In fact, in 2020, the supply will go from 12.5 bitcoins to 6.25. This same year, Fed has printed over 6 Trillion (and counting) in Fiat out of thin air.

17

Safety
As long as you keep your private keys safe, your bitcoin will be safe. Banks can call bail ins, safes can be broken and bank accounts hacked. Bitcoin is far safer to existing options.

18

Speed
As the lightning network and other upgrades become available - bitcoin transactions can be lightning fast. Right now, it takes under an hour (which is lightning fast compared to other modes).

19

Transparency
Everyone can access the bitcoin network and check transactions. You can build your own program to read and decipher the data on the bitcoin network.

20

Revolution
Bitcoin is born out of the ashes of 2008 market crash as an alternative to traditional systems. By taking part in bitcoin - you are taking part in a revolution.

21

Liquidity
When the stock market goes down a certain percentage - it can be shut down to stop the carnage. When bitcoin lost 50% value in one day recently - it continued to trade.

22

Micropayments
Can you tip 2 cents using your bank or credit card? With Bitcoin (and lightning network like upgrades) - you can enable a micropayment economy. So instead of saying ‘good job’ on a blog - you can tip 5 cents or $200000, whatever you want to.

23

Weightless
You cannot carry a ton of gold that values at about 65 million dollars without wasting a lot of resources, time and money, however, people have moved Billions of dollars worth of Bitcoin in minutes with almost no effort.

24

Borderless
Whether you travel across the State or country - your Bitcoin stays with you (as long as you protect your private keys). If you try to carry fiat cash across the borders - it can be confiscated and seized.

25

First
Humanity has fascination about ‘firsts’. Bitcoin will always hold a special place in the hearts of crypto fanatics and future generations.

26

Potential
Bitcoin’s network in its current state is like the internet in the 90s. We have not even scraped the potential of Bitcoin & Bitcoin blockchain yet.

27

One currency
The dreams of ONE global currency could be realised over the Bitcoin network. Because it is not controlled by any one nation - it is easy to trust it as ‘one global currency’. Bitcoin Maximalists will tell you that bitcoin was not built to be a currency...so make sure you tread carefully with them on this point.

28

Traceable
When someone commits a crime using paper cash - you cannot trace the source (or at least it's nearly impossible when they do unmarked bills) - with bitcoin - it is far difficult to commit crimes since it can be traced back anytime after the transaction has taken place.

29

Bureaucracy
The current rigged financial system of privileges for the rich and penalties for the poor will not apply to bitcoin.

30

Bullying
Countries bully each other all the time. Before Bitcoin, countries with limited resources had no option but to succumb to the powers. With Bitcoin, they can resist the bullying. Like Marshall Islands did.

31

Not good for criminals
Bitcoin has a history of helping authorities bring down nefarious activities on the internet. Infamous Silk Road to recent crack-down, Bitcoin is a Dark Knight of sorts.

32

Hedge
Gold as a hedge is still a great alternative, however, you cannot carry or spend your gold in need. Bitcoin is growing rapidly in its popularity, which means, the probability of you finding a food store that accepts bitcoin are FAR higher than finding a store that accepts gold.

33

Sanction proof
Countries that are facing US sanctions are turning to Bitcoin to circumvent the limitations

34

Math powered
The unique algorithm of Bitcoin makes it infinitely stronger with forces joining the network each day.

35

Unbanked
There are a lot of people in the world who do not have access to the basic banking system. They do not meet the criteria set up by the institutions to participate in the economy. Bitcoin dismantles those barriers - anyone can participate in the bitcoin powered banking system. Create a wallet in seconds and start accepting payments, it’s that easy.

36

Control
As long as you own your own private keys, you own your bitcoin. Your bank or government can freeze your bank account; no one can freeze your bitcoin.

37

Freedom
Financial institutions decide what you can or cannot do with your money. Most folks remember when banks said - you cannot buy bitcoin with YOUR money in OUR banks. That won’t be the case with Bitcoin.

38

Regulatory resistant
Regulators can go at Libra but not Bitcoin because bitcoin runs on math, not politics.

39

Prude resistant
Paypal decided to stop payments to Pornhub models, why? People want to act as morality police (as long as something is not illegal, let people live their own lives) and Bitcoin is morality policing free.

40

Gig economy
More and more people are deciding to work for themselves, to get approval from a bank or financial institution to participate in the economy is a herculean task. That is why over 2 Billion people are unbanked in this day and age. Bitcoin and other technologies built on blockchain are helping the gig economy to participate in the economy.

41

Global commerce
Bitcoin and blockchain technology open the global commerce. Anyone can transact with anyone in the world without permission (legal ofcourse). You don’t need 15 banks interacting to complete a transaction and eating heavy fees in the process. End users can transact directly without mediation and facilitate global commerce.

42

Divisibility
Can you divide the dollar beyond 100 cents? And can you transfer 2 cents to someone? You can divide bitcoin 10 million fractions, called satoshis. We may soon see a world where people transact in satoshis instead of whole bitcoin.

43

Future ready
The US wants to build digital dollars since they are starting to understand that fiat needs to upgrade otherwise it could go extinct. Bitcoin has been future ready, in fact, it has laid the foundation for a new internet to build the future on.

44

Digital gold
Many consider bitcoin as Gold 2.0 or digital gold because it is much rarer than actual gold itself. In the near future, owning 1 whole bitcoin could be impossible (for some, at current fiat prices, it is). You don’t have to own bitcoin to take part in its ecosystem. It takes ZERO bitcoin to create your wallet or to accept payments in Bitcoin. You cannot participate in the gold ecosystem if you don’t have fiat or gold. In this regard, Bitcoin is better than gold!

45

Safe Haven
Being Gold 2.0 and deflationary makes bitcoin a safe haven for many citizens from the economies that are on the verge of collapse. The US Dollar may have some mileage left but fiat around the world is facing an existential crisis.

46

Internet of future
Current centralized internet system cannot support the future of Artificial Intelligence, Augmented reality, autonomous cars, drone delivery economies. We need new technology that can support an automated world, blockchain is that technology and bitcoin brought that to the world!

47

Global Reserve
As fiats around the start to stumble, we might see bitcoin emerge as the new global reserve to back up the fiat systems.

48

Programmable money
Can you write a program on top of the US dollar? You can on bitcoin. Bitcoin brought the ‘programmable’ money concept to life and now it is a reality that many are using to build the future.

49

Owning a piece of history
Owning bitcoin is more than owning digital currency. It is owning a piece of history in making while it is being made. Tech pundits say that Blockchain opens the world to infinite possibilities that the internet alone could not bring about. The Blockchain revolution started with Bitcoin.
 

This one reason of owning a piece of technology, a piece of history by owning bitcoin trumps all other reasons as to why it’s price in fiat doesn’t matter.

Is bitcoin infallible?

As awesome as it is with Bitcoin, there are definitely some disadvantages:

 

Disadvantages

 

1

Bitcoin blockchain
Being the first blockchain – bitcoin does not accommodate everything, like speed, smart contracts, flexibility compared to other newer blockchains; however, lot of innovation is taking place on bitcoin blockchain to bring all the features to bitcoin

2

Relatively new
that means – something better could take over the reigns from bitcoin, however, the credit still goes to bitcoin for sparking the revolution

3

Complex
People have lost their bitcoin with their computers and gadgets; people have lost their private keys; some people have passed away without passing on their bitcoins; we need newer services on bitcoin system that make it easy to attach ‘legal passage’ to the heirs;

4

No Insurance
As of this writing, if someone manages to get hands on your private keys and steals your bitcoin – there is no recourse to getting your funds back; in banking system, if you can prove your innocence – you can theoretically get your money back; Also, bitcoin can be traced infinitely – unlike fiat which once cashed vanishes from the system

5

Limited options at this point
Not all places accept bitcoin; the number of vendors accepting bitcoin is growing, but it is relatively less compared to fiat;

Thank you for reading and sharing this article and if you have spare satoshis lying around – consider donating.

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Also Read:

“Bitcoin is Gold 2.0” says this millionaire who is buying $150,000 per month in Bitcoin and Ethereum

9 Best Bitcoin Stocks You Can Buy and Hold in 2019-20

How to use bitcoin ATM? A step by step guide for beginners

How to Get Bitcoin for Free?

Busting the Myths of Cryptocurrency Market / Trading

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

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6 Massive Benefits of Cryptocurrency

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Benefits of Cryptocurrency

It is normal to be hesitant about using cryptocurrency as the medium of financial transactions. 

There is a school of thought which believes, it is a domain suitable for criminals, fraudsters, and terrorists. Cryptocurrencies allow them to maintain anonymity for discreet transactions and ransomware scams.

However, the increasing acceptance of Bitcoin as a digital currency has initiated a positive perspective around this mode. It brings a distinct set of pros for the users, making them overlook the risks tag along.

According to the Finder, a post on social media surfaces about Bitcoin every three seconds. If we do the math, it means 1203 posts pop up per hour, making it to 20 posts per minute.

A more general view on the crypto landscape speaks of its overall growth, too. Block Social tells us how cryptocurrency exchanges around the globe have exceeded 300 during 2020.

In fact, the success of crypto shows us the loopholes of the traditional banking system. If you, too, want to leap on this bandwagon and aren’t sure about your next move, this is the right place. Our blog sheds light on the positive aspects of cryptocurrency that make it a more established form of financial trade. 

Healthereum

1. Easy transactions

When dealing with brokers or legal representatives, you have to pay the transaction fee from time to time. This comes along with immense paperwork, commission, brokerage charges, and so much more. Using cryptocurrency eliminates the need for a middle man. The transaction changes into a one-to-one affair taking place on a secure network.

No wonder Forbes stated that adopting blockchain technology can save financial organizations around $12 billion yearly. A deduction of extra charges from third parties and reduced operations cost is saving millions for huge organizations.

Moreover, the transactions are transparent, making it easier for you to establish audit trials. There is no more confusion over who pays whom. All parties involved in the transaction know each other quite well. Accountability on each party grows.

2. Asset transfers

A financial analyst rightfully describes cryptocurrency blockchain to be a “large property rights database.” On the one hand, it helps execute and enforce two-party contracts on commodities such as real estate and automobiles. At the same time, it also facilitates special modes of transfer. 

As per Born2Invest, Bitcoin alone is responsible for an average of 350 000 daily transactions on the Blockchain. Meanwhile, Coinbase has 30 million cryptocurrency users (Block Social). The increasing figures of each crypto speak of its acceptance worldwide.

The parties involved in asset transfer can design contracts and add third-party approvals at a later date. It also helps to reference the external facts and gives the parties exclusive governance of their account. It reduces the time and money involved in asset transfers. Perhaps this is why US federal government spending on Blockchain shall reach $123.5 million by 2022.

3. Confidential transactions

Cryptocurrency purchases remain discreet. Unless a user voluntarily publishes his transactions, the purchase is never associated with their identity. In official scenarios, such as when you put your cars for sale, the parties must reveal an association with their cryptocurrencies. It helps to establish trust and relevance.

Within the cash/credit system, your entire transaction history turns into a reference document for the banks/credit agencies involved. On the contrary, cryptocurrency is a transaction that is a unique exchange between two parties. They can negotiate and agree on preferable terms. The information exchange takes place on the “push” basis. This means you transmit only that which you wish to send to the recipient and nothing else.

It keeps your financial history secure and guards you against identity theft. Chances of which are quite high under the traditional transaction system. 

On top of this, the combination of Blockchain with IoT is considered revolutionary by the experts. This has accelerated data exchange, lowering the operation costs, and improved the security of files. Your Tech Diet predicted that 75% of the IoT industry would adopt Blockchain technology by the end of 2020. Lack of exposure is, thus, something the entire industry is looking for.

4. Transaction Fee

You have probably faced hefty monthly account statements from your bank/credit companies. The transaction fee charged at every transaction you have made might leave you shocked. The whopping fee of multiple transactions can take you by surprise at the end of each month.

In the case of cryptocurrency exchange, the data miners receive their share from the cryptocurrency network involved. Transaction fee does not apply as the remote and separate computer systems that do the number-crunching get a pretty fair share. 

According to Investopedia, the Bitcoin reward for miners halves for every 210 000 blocks added to the chain. Nonetheless, this system has freed the transaction parties to pay the fee, making it the most feasible. 

However, there might be some external fee involved if you engage a third-party management service to maintain the crypto wallet. These charges are likely to be quite less than the transaction charges levied by the traditional banking system. 

5. Hold Ownership

The traditional banking system works in a manner where the amount goes to the nominee if a person passes away. The chances of the account closing are quite high when you infringe the terms of their services. Unlike this framework, digital currencies give you the sole ownership of private and public encryption keys. This makes it easier for you to identify the encryption network.

6. High security

Once a party authorizes the cryptocurrency transfer, they cannot reverse it. This is not the case in “charge-back” transactions allowed by the credit companies. Cryptocurrency gives you reliable encryption throughout the transaction process to keep it protected from bugs and malicious entities.

Systems like Binance Smart Chain are enabling people to do more with BTC.

Final Thoughts 

Cryptocurrency is taking the financial world by storm, and we know the reasons why. It is about time you kickstart your digital finances journey and make the most out of it. Who knows what surprises are about to come later in this landscape!

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

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Cardano or PolkaDot? Which One to Invest In?

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Cardano vs Polkadot

There is a new battle in the crypto space.  Cardano (ADA) and PolkaDot (DOT) maximalists are headbutting as to which project is better and why.

The conversations are intense to say the least and we will try to provide our view on which one we are leaning toward and the reasons why, in this rather short article.

Just to be clear, we are invested in both ADA and DOT so we have a vested interest in both projects, however, we are now asked to pick one over the other and that brings us to this article.

Decentralization

The whole spirit of cryptocurrencies is the concept of decentralization, however, some of the more popular projects don’t seem to have a grasp of what that means.

Diem (previously Libra) or XRP etc., are controlled by a group for validators who could, in theory, easily collude, in our view.

With DOT, things are not as centralized as some other projects with about 1000 validators securing the platform.

However, ADA has the most number of nodes and has most of its circulating supply staked on its wallet. The community behind ADA has biggest proponents of decentralized frameworks.

ADA: 8 (top 10 is reserved for BTC)

DOT: 6

Team

Cardano boasts the maximum number of Ph.Ds on its team and has a more decentralized team structure.  You have teams that are working exclusively on wallet and staking while you have other teams focusing on interoperability. Yet, another team is focused on bridging projects from Ethereum to Cardano.

DOT has the ammunition of Gavin behind it. He is undoubtedly one of the brilliant minds in the space. 

However, as we learned in basic math, sum total is always greater than an individual unit.  This applies more aptly with these projects. In our opinion, Cardano has a greater edge when it comes to collective human capital.

Having Charles Hoskinson helps ADAs impression.

ADA: 8

DOT: 6

Social presence

There is no competition when it comes to social presence and engaging the community when it comes to the leaders of these two projects.

While DOT’s founder Gavin might come out as eccentric and polished in the social media, Charles takes the cake in engaging with his audience and making things sensible for the community.

ADA: 9 

DOT: 7

On a mission

Whenever you hear Charles speak about ADA you will immediately understand that he is on a mission to bring the marvels of blockchain enabled financial services to all corners of the world.

Cardano’s team is now focused on the South Africa continent to bring the under-previleged onto the world commerce through their platform. They are even close to signing a contract with Ethiopia government in 2021.

While DOT is catapulting the entire space forward it just lacks the same charm that comes with a project on a grandiose mission.

ADA: 8

DOT: 6 

Miscellaneous considerations 

Market cap: ADA has $20 Billion market cap while DOT has $19 Billion, as such they are on par with each other when it comes to valuation. The large cap is a stamp of approval from the crypto community.

Price: ADA is at around 60 cents while DOT has been stabilising at $20 at the time of this writing. When the newbies come to the market and they see they cannot afford Bitcoin or Ethereum, they will most likely go after the projects that are under $1. This does not mean DOT is inferior, it is just an edge that low priced tokens have over higher priced projects. It’s just a newbie mindset that drives higher demand during bull runs to lower priced projects.

Inflationary supply

DOT has an inflationary supply model while ADAs supply is capped.

Yes, DOTs supply is far larger than DOT, however, there is no new minting on ADA when compared to DOT.

Mainnet

DOTs technology is operational and is onboarding projects already.  ADA is scheduled to launch its mainnet this month (Feb 2021). ADA has been in works for many years now and if their product matches the hype and the wait – then it may not matter as much that they are late to the party. However, if there are issues with their mainnet – it may not bode well for ADA.

Conclusion: Total score

ADA: 33

DOT: 25

If you are a DOT fan you might think this score is skewed.   If you are an ADA fan you might think it should score perfect points in all fronts.

In fact, there are some areas where DOT is a clear winner like having a functioning platform. ADA, in our opinion, takes the prize with clear fandom, gigantic mission and a total brainiac project. 

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

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Best of the Best YouTube Channels to Follow for your Crypto Fix

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Best Crypto Youtubers

There are literally 100s of crypto-experts on YouTube who claim to have cracked the secret code that can make you millions in crypto riches. 

Who should you follow?  

We have followed many YouTubers, subscribing and unsubscribing to avoid the noise and after having been in this space for over 4 years, we have narrowed our favorite crypto YouTube channels to just a few.

In this article, we will show you our favorite YouTubers and what we like about each one of them. 

Overall number 1: Coin Bureau

coin bureau When it comes to deep analysis, composed demeanor and outright professional crypto channel in the entire space, we have not come across anyone better than Guy.  

Not only is he great at the reviews and in depth analysis, if you have followed the channel long enough you will realize that he reviews the gems long before others pick on the momentum.  

He picks solid projects, never shills a shitty project to his followers and is upfront about his views which he backs up with solid research.

This is the best no-shill and no bull crypto channel on YouTube in our view.

Best original content: Chico Crypto

chico crypto review

If you love a bit of quirky, goofy and somewhat out there viewpoints on the crypto space then there is no one better than Tyler at Chico Crypto. 

His investigation stretches the boundaries of research (and sometimes common sense) but he does do a bang up job on every video.  

I am yet to come across a boring video on this channel.  I will admit that his live streams can be a drag sometimes but his followers seem to relish his presence.

You may not like or agree with what Tyler presents on this channel but you will absolutely be floored by the originality.   

Best TA: TIED: Crypto Capital Venture & Tyler S

                         Crypto Capital Venture Tyler S crypto

With under 90K subscribers at the time of this writing, Dan may not be the most popular of the Crypto channels [yet] but his TA analysis is just so easy to follow.

Dan makes it easy for non-technical folks to understand what’s going on in the market in the language of TA.

There are other folks on YouTube who are good at TA but their videos are so obnoxious that they leave you with a massive headache.  

Not Dan’s Crypto Capital Venture channel.   Dan walks you through the markets in such a calm, composed and professional manner that you might start caring about those candles.

We are forced to share the Best Title for crypto TA on YouTube with Tyler S. 

Tyler’s expertise on TAs is quite awesome and he has a funny way of delivering it too.  

Best expertise on the markets: Alessio Rastani

Allesio RastaniIt doesn’t matter if you are just lurking around the crypto markets or if you trade in the traditional markets…Alessio is one of the best guys on YouTube for great insights into the broad market and its impact on Crypto.

While everyone on YouTube (not the people on this list, of course) is either quick to FOMO or FUD, Alessio is just grounded in fundamentals and technicals.

When you are high on FOMO, he can bring you to the ground.

When you are getting buried in FUD, he can lift you up with facts, not false hopium.

Alessio is personable, professional and an honest guy to follow to understand the markets ahead of others.

Best round up of the market: AltCoin Daily

Altcoin DailyWant to stay up-to-date on what’s happening in the crypto space but don’t have time to keep up?  

Fear not. AltCoin Daily got you covered.

This channel is just a gem among the channels that bring crypto market updates in a concise and palatable format.

You can sense the dedication in the way Austin brings the updates and his opinions in front of his audience. No wonder the channel has recently hit over 420K subscribers.

Best humble and honest take: Crazy 4 Cryptos

Crazy 4 crypto

What does Crypto mean to you?

Most people will say ‘Freedom’, yet, most of the YouTubers we see on the Tube will be broadcasting from their bedrooms or backyards (nothing wrong with that) but not Dave.

He has been in Thailand and streams his videos directly from the beach.

You will immediately connect with his simpleton style and honest reviews.  

He has been touting about Theta when it was trading in cents and now those who followed him are very happy.

Besides Theta, Dave talks about a lot of topics in terms of storing your coins, being careful with people and how to have a long-term plan in space.

Honorable mentions

Team Underground (TA)

We had too many channels to weed out for the TA category and that is why we had to pick two winners, however, Team Underground is a channel we cannot skip.

This underdog channel has been more right about the calls than any other mainstream channel. If you like your TAs and technical side of crypto – be sure to check this channel out.

BitBoy

People either love him or hate him.  There is no middle ground when it comes to BitBoy.  

Personally, we have to weed out a lot of noise while browsing through his channel since he picks a new project every few days (or weeks) and can become overwhelming. 

However, the fresh content is worth the watch.

EllioTraders

The guy behind this channel is truly vested in the space. So much so that he recently launched his own crypto project.

It’s definitely refreshing to see the YouTuber taking his expertise into a live project.  

The reason we did not list this channel on the BEST list is because of the constant feed of projects he pitches that is a bit overbearing for our taste.  

Nevertheless, a great channel and great recommendations.

Conclusion

There are 100s of YouTube channels out there but not everyone is worth your attention. We hope you found some channels of interest through this article.

Note: if we missed any gem of a channel, please let us know and we will be more than happy to add it after review.

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

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