[English translation] Four things to consider before investing in cryptocurrency

“Four things you should consider before investing in cryptocurrency”… a recent trend strongly tends to be “bride substitution,” and it seems to be written about other important elements besides the most critical task, so I’ve translated it into Japanese and here is the English rendition.

It contains good points.

In this piece the author writes SingularDTV as a positive example of an investment target, but I think you could substitute that with other cryptocurrencies and read it similarly.

Below is the full translation, right away. Before that, check around and if you don’t sense a domineering wife vibe, go ahead and read it.

Four things you should consider before investing in cryptocurrency

Disclaimer: quoted from Timothy Ferris (probably) from this person (the person) modified, but “I am not a financial advisor. Therefore, please do not take this advice at face value without consulting a qualified professional. Also, the results I present are likely due to simple luck and lack of knowledge. However, this method has been effective for me.”this person

In a recently written article titled “Investing in cryptocurrency—Warren Buffett style, I outlined four questions I always ask myself before investing in cryptocurrency.

1. Do I understand the technology and the company?
2. Do I personally want to use the technology or the company?
3. Can I see a future in three years where others are using the technology or the company?
4. Will investing in that token yield any profit?

I built these questions borrowing wisdom from Timothy Ferris’s book “Tools of Titans” and from the genius investor Warren Buffett. Some readers who read my earlier article probably wanted to know how to actually utilize these questions. So, for interested readers, I will discuss four questions using a currency I recently invested in: SingularDTV, focusing on SNGLS as a topic.

Question 1: Do you understand the technology?

In this research phase, I try to examine as much as possible about the company I’m about to invest in. First I visit the website. I want to quickly understand what the company is, what it aims to achieve, and how I might be involved, within about 30 seconds. In concrete terms, I verify the following.

That SingularDTV is a decentralized on-demand video distribution system that aims to compete with Hulu, Netflix, and Hollywood, and is a platform for managing rights and intellectual property.

Once I understand what the company is, I investigate the technical details of the technology. I don’t have strong technical or mathematical talents, but I want to know the basics. What kind of blockchain consensus are they using? What exactly does their token represent? How easy is it to obtain and store that token? Are they building a strong and active community?

If you can concisely summarize who the company is and what they aim to achieve, you can proceed to Step 2.