The Crypto Quandry - Breaking out of traditional finance with the new DeFi system

If you know me, you know I'm very excited about the future of the cryptocurrency system. There are opportunities in DeFi (Decentralized Finance) that returns the power from the big banks, back to the people.

If you're wanting to enter the world of cryptocurrency but you're feeling confused about how you can escape the traditional finance world and move into the new digital world, you're not alone.

Despite being exciting, the world of DeFi is very intricate. It can leave people feeling confused and giving up on crypto altogether.

I brought my friend PD Shirgir to the show to talk about the rise and fall of crypto, and new models being created now that literally, anybody can tap into.

How is Cryptocurrency Different From Traditional Banking?

In this podcast episode, PD Shirgir explains exactly what cryptocurrency is and how it differs from the traditional style of banking that most of us are used to using. He explains how this decentralized form of digital money works and why you might want to start investing in crypto yourself.

PD gives some examples of the key difference between cryptocurrency (decentralized) and traditional (centralized) banking to make it easier to understand.

The Ever-Changing World of Cryptocurrency

Most people start looking into crypto but after a few days or weeks, they give up because the world of crypto is confusing. It's forever-changing and it can fluctuate significantly. That's why it's so important that you play the long game!

PD covers how being successful with cryptocurrency is a waiting game. It’s about shifting your mindset and being willing to take risks and be patient. You need to be adaptable and strategic if you want to win in the long term and make more money.

Ultimately, to win in crypto, it's not just enough to educate yourself. You need to be passionate about educating yourself. Otherwise, you will burn out and give up trying to follow the confusing DeFi world. You also need to be willing to learn every day and keep up with the latest trends and news about cryptocurrency. Yes, it's great to have a plan, but this plan might need to change based on the current state of the market. Adaptability is key!

Listen to the episode here or watch it on YouTube here.

Shareable Quotes From the Podcast

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The Crypto Quandry - Breaking out of traditional finance with the new DeFi system 3

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