The Tim Ferriss Show

#493: The Random Show — Bitcoin Pros and Cons, 2021 Resolutions, Fave Books, Lucid Dreaming, Couples Therapy, and More

Jan 19, 2021
Kevin Rose, a tech entrepreneur and investor, joins for an engaging discussion packed with insights. They explore the pros and cons of Bitcoin, detailing its market dynamics and investment strategies. The conversation dives into personal growth through 2021 resolutions, lucid dreaming techniques, and the importance of couples therapy. They also reflect on meaningful reading choices while highlighting the ethical aspects of meat consumption. Expect personal anecdotes and a lighthearted take on navigating relationships in these unprecedented times.
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ADVICE

Dollar-Cost Averaging into Bitcoin

  • Dollar cost average into Bitcoin over six months, investing a fixed amount monthly.
  • This mitigates risk by averaging your entry point over a longer period.
INSIGHT

Cryptocurrency Value

  • Most cryptocurrencies lack long-term value and are essentially worthless.
  • Focus on proven technologies and projects with real utility.
ADVICE

Investment Exit Strategies

  • Having a defined exit strategy for investments is crucial.
  • Unplanned selling often leads to panic selling and losses.
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