Navigating the Crypto Jungle: What You Need to Know When Investing in Bitcoin with Rob Wolff

Pushing The Limits

Are you thinking of diving into the crypto space and investing in bitcoin? If so, you’re not alone.

In this episode, Rob Wolff discusses the mentality and strategies that you need when investing in bitcoin. It’s important to understand exactly what you’re getting into before taking the plunge, so he shares what bitcoin is and why it’s worth investing in. From understanding the technology behind it to assessing risk, volatility and making profits, we’ve got you covered.

If you’re new to investing in bitcoin or curious about the crypto space but don’t know where to start, then this episode is for you!

Here are three reasons why you should listen to the full episode:

1. Understand what bitcoin is and why you should invest in it.
2. Learn the mentality and strategies that you need when investing in crypto.
3. Find out the benefits, risks, and regulations surrounding crypto investing.

Resources

• Gain exclusive access and bonuses to Pushing the Limits Podcast by becoming a patron!
• Dollar Cost Averaging Bitcoin
• Connect with Rob: Website | Youtube | Twitter

Episode Highlights [03:12] Rob’s Background

• After high school, Rob became a combat medic in the military.
• He went into home health management and then medical device sales at a company called KCI after he was discharged from the military.
• Eventually, he started an online education platform for nurses and got into real estate.
• His first exposure to crypto was in 2012, and he used dollar-cost averaging.

[09:53] Getting Into Bitcoin and the Crypto Space

• You can’t build wealth if you quit after making just a little money.
• Inflation plays a large role in pushing people to consider alternative income streams such as bitcoin.
• It’s difficult to make more bitcoin because its value lies in its scarcity or finiteness.
• Bitcoin is a decentralized technology.

[22:51] Investing in Uncertain Times

• We’re in for some bearish days and should expect that the traditional stock market will see a decline.
• Rob predicts that because of fear, people will hold onto their cash and enter into what they consider risky assets.
• Bitcoin may be volatile right now, but it will stabilize as time goes on.
• Make sure you’re making the right decision for you and your family.

[22:51] Investment Mentality and Strategy

• Everybody has the mentality to invest, but not everyone has the stomach for it.
• The most stable asset and most volatile market is bitcoin Ethereum.
• Do research on the projects and companies you’re interested in, determine whether you really want to invest in them, and only invest what you can afford to lose.
• Don’t put all your eggs in one basket.

[41:34] Volatility and Risk

• Bitcoin is currently in price discovery mode.
• Looking at the risk factor of the volatility, the time horizon can be different.
• Volatility depends on the asset that you’re investing in, so volatility is fine as long as you can stick out the time horizon.

[44:20] Crypto Regulations

• Triage on cryptos will be needed to come up with regulations.
• With stablecoins, if they’re pegged to the dollar, determine the assets that they’re pegged to and perform audits, however many months it takes.
• Bitcoin that you lend out to institutional investors will be collateralized.

[53:48] Adoption Curve

• There’s already too much money in the crypto space and it’s going to keep growing.
• Bitcoin creates jobs for miners and people doing construction.
• Bitcoin is now a base layer protocol where you can build on second layer solutions and make transactions built on the safest, computerized network in the world.

[1:07:39] CBDC vs. Crypto

• If you have a centralized ledger, banks will have control over your account.
• Crypto isn’t for illicit transactions because every transaction is made on an open ledger.
• CBDCs are not truly decentralized crypto.

7 Powerful Quotes

‘The value of Bitcoin lies in its scarcity.’

‘The reality is, is that I believe we're in for some pretty bearish days. And I believe that the traditional stock market on Wall Street, we're going to see a pretty big decline with the S&P 500 and NASDAQ as it goes down.’

‘In the short term right here, it's extremely important to make sure that you're making the right decision for you and your family.’

‘Everybody has the mentality to invest. But the question is, do you have the stomach?’

‘The basics are just like getting any investment: you take a look at the project or the company itself, and just go and just do as much research as you possibly can and go, do I want to invest into this, and I'm going to invest only what I can afford to lose.’

‘If you take a look at at the risk factor of the of the volatility, there is, again, the time horizon that you look at could be a lot different.’

‘People always complain about, oh, blockchain and crypto it's for illicit activities and things like that and drug smugglers. No, it's not. Because every transaction you do is on an open ledger.’

About Rob

Rob Wolff is the host of Digital Asset News and the creator of DAN Teaches Crypto, a free crypto education platform for all levels of digital asset knowledge. With his incredible wealth of knowledge in crypto, he helps people understand cryptocurrency and digital asset news.

As a business owner and investor, Rob firmly believes the crypto space will change the world in dramatic ways. Learn more about his work on his website and YouTube channel. You can also connect with him on Twitter.

Personalised Health Optimisation Consulting with Lisa Tamati

Lisa offers solution focused coaching sessions to help you find the right answers to your challenges.

Topics Lisa can help with:

Lisa is a Genetics Practitioner, Health Optimisation Coach, High Performance and Mindset Coach.

She is a qualified Ph360 Epigenetics coach and a clinician with The DNA Company and has done years of research into brain rehabilitation, neurodegenerative diseases and biohacking.

She has extensive knowledge on such therapies as hyperbaric oxygen, intravenous vitamin C, sports performance, functional genomics, Thyroid, Hormones, Cancer and much more. She can assist with all functional medicine testing.

Testing Options

• Comprehensive Thyroid testing

• DUTCH Hormone testing

• Adrenal Testing

• Organic Acid Testing

• Microbiome Testing

• Cell Blueprint Testing

• Epigenetics Testing

• DNA testing

• Basic Blood Test analysis

• Heavy Metals

• Nutristat

• Omega 3 to 6 status

and more

Lisa and her functional medicine colleagues in the practice can help you navigate the confusing world of health and medicine .

She can also advise on the latest research and where to get help if mainstream medicine hasn't got the answers you are searching for whatever the challenge you are facing from cancer to gut issues, from depression and anxiety, weight loss issues, from head injuries to burn out to hormone optimisation to the latest in longevity science. Book your consultation with Lisa

Join our Patron program and support the show

Pushing the Limits' has been free to air for over 8 years. Providing leading edge information to anyone who needs it. But we need help on our mission.

Please join our patron community and get exclusive member benefits (more to roll out later this year) and support this educational platform for the price of a coffee or two

You can join by going to Lisa's Patron Community

Or if you just want to support Lisa with a "coffee" go to

https://www.buymeacoffee.com/LisaT to donate $3

Lisa’s Anti-Aging and Longevity Supplements

Lisa has spent years curating a very specialized range of exclusive longevity, health optimizing supplements from leading scientists, researchers and companies all around the world.

This is an unprecedented collection. The stuff Lisa wanted for her family but couldn't get in NZ that’s what it’s in her range. Lisa is constantly researching and interviewing the top scientists and researchers in the world to get you the best cutting edge supplements to optimize your life.

Subscribe to our popular Youtube channel

with over 600 videos, millions of views, a number of full length documentaries, and much more. You don't want to miss out on all the great content on our Lisa's youtube channel.

Youtube

Order Lisa's Books

Lisa has published 5 books: Running Hot, Running to Extremes, Relentless, What your oncologist isn't telling you and her latest "Thriving on the Edge"

Check them all out at

https://shop.lisatamati.com/collections/books

Perfect Amino Supplement by Dr David Minkoff

Introducing PerfectAmino

• PerfectAmino is an amino acid supplement that is 99% utilized by the body to make protein.

• PerfectAmino is 3-6x the protein of other sources with almost no calories.

• 100% vegan and non-GMO.

• The coated PerfectAmino tablets are a slightly different shape and have a natural, non-GMO, certified organic vegan coating on them so they will glide down your throat easily.

• Fully absorbed within 20-30 minutes!

• No other form of protein comes close to PerfectAminos

Listen to the episode with Dr Minkoff here:

Use code "tamati" at checkout to get a 10% discount on any of their devices.

Red Light Therapy:

Lisa is a huge fan of Red Light Therapy and runs a Hyperbaric and Red Light Therapy clinic. If you are wanting to get the best products try

Flexbeam: A wearable Red Light Device

https://recharge.health/product/flexbeam-aff/?ref=A9svb6YLz79r38

Or Try Vielights’ advanced Photobiomodulation Devices

Vielight brain photobiomodulation devices combine electrical engineering and neuroscience.

To find out more about photobiomodulation, current studies underway and already completed and for the devices mentioned in this video go to

www.vielight.com and use code “tamati” to get 10% off

Enjoyed This Podcast?

If you did, be sure to subscribe and share it with your friends!

Post a review and share it! If you enjoyed tuning in, then leave us a review. You can also share this with your family and friends so they can learn about all things crypto.

Have any questions? You can contact me through email ([e-mail]) or find me on Facebook, Twitter, Instagram and YouTube.

For more episode updates, visit my website. You may also tune in on Apple Podcasts.

To pushing the limits,

Lisa