Review: Uncensored Crypto docuseries bonus episode #10

In episode ten of the Uncensored Crypto docuseries, Michael Hearne sits down with crypto experts to discuss how beginners can get started in cryptocurrency and tell which projects are worth investing in.

The docuseries as a whole discusses how censorship is used to hide the benefits of cryptocurrency, blockchain, and decentralized systems from people looking for digital sovereignty and financial freedom. It also covers how crypto can completely change the traditional centralized systems as we currently know them.

The tenth episode looks at a key way to make this happen: how to get more people involved in crypto, especially those who are new and might be hesitant to invest. Crypto experts share their best advice for newbies so they can enter the world of crypto confidently and knowledgeably. 

Recap of topics covered in episode 10 of Uncensored Crypto 

Getting started in crypto

“Just go invest your first 20, 50, 100 dollars, and buy a little bit of Bitcoin. That’s your first step. And from there, that begins your process of your education, so that you can make informed decisions for yourself, and once you take the first step, the second step kind of comes naturally. Along the third, and then down the rabbit hole you go. But that’s an easy way to do it. Most people get stuck because they’re like, ‘Wow, I don’t know what to do.’ It is that simple. You just make your first baby step.” – Brock Pierce

Cryptocurrency is far from mainstream yet, so many people are still confused by what exactly it is. While many people have heard the words “crypto” and “Bitcoin,” they don’t really understand what they mean. And that’s before you get into other terms in the crypto world like blockchain, centralized and decentralized exchanges, and dApps. 

It’s easy for anyone thinking of getting started in crypto to quickly become overwhelmed. Uncensored Crypto explores the best way for someone to start their crypto journey. Many crypto experts agree that a good strategy is to start slow and only invest what you can afford to lose, as you would with a regular investment.

Uncensored Crypto proves that crypto doesn’t have to be complicated, and you don’t have to be computer-savvy to understand it, either. Taking the simple step of investing just $20 will help set you on the path to keep learning more about it.

Evaluating crypto projects

“So I think community is very important because no matter how great the project is, no matter what real world problem it solves, and I think that’s another thing you have to look at, what’s the real world problem that this solves? What’s the market for it? But no matter how big that is, if they don’t have interest in the actual token or the coin from people within the community that are going to be buying it, then it doesn’t matter. It’s going to go nowhere. It’s going to sit at a stalemate and not move. And if you’re doing it for investment purposes, then you really want, again, you want that particular coin to move.” – Cecil Robles

Once you’ve decided to take the plunge into crypto, you face the next step: how do you decide what to invest in? With thousands of cryptos out there, how can you possibly tell which ones are worth it? How can you know which ones will be the next Bitcoin?

According to the crypto experts in Uncensored Crypto, there is no easy answer. Instead, it will take some research on your part to find which projects speak to you. Read the project’s whitepaper and learn what problem the team behind it is trying to solve. Are there competitors doing something similar? What makes this project stand apart from the competition. 

But in the end, as Robles points out above, a crypto project should have a vibrant community behind it. The team should be actively interacting with them on social media. Seeing that others are so devoted to the project’s success shows that it has a lot of momentum behind it.

Investing and trading crypto

“So this is the kind of thinking that leads to people missing out on the gains, when you think that you’re already too late. A lot of us already have that thought all the time. ‘Oh, something’s already done a five X. I’m too late to invest in that,’ when in reality, no, it’s just getting started. And now you have the start of the momentum and you have validation that this is a good investment. I think looking at crypto as a whole, no, we’re still very early, even with Bitcoin.” – Alex Benfield 

You’ve likely heard of the people who invested in Bitcoin early on and are now millionaires. If you’re new to the crypto world, you might want to invest in crypto with the same goal in mind: strike it rich. 

But considering that Bitcoin is now valued at around $47,000 per coin, it can seem like you’re already too late. Well, the experts in Uncensored Crypto reassure would-be crypto investors that it’s actually not too late, and you should get started now rather than wait any longer. 

Crypto is still very much in its early stages and is still not considered mainstream. While you realistically might not become a millionaire, it’s a good idea to buy and hold now before regulations, institutional investors, and retail investors jump on board. 

What does the future look like for getting started and investing in crypto?

Is it worth getting started in crypto?

It’s safe to say that 2021 was a big year for the crypto market. During this bull market, investors saw the price of Bitcoin climb as high as $69,000. Ethereum peaked at $4,800, and new projects like Solana and Avalanche quickly grew and made it into the top 10 largest cryptocurrencies by market cap. 

Bitcoin also saw some significant institutional adoption by countries like El Salvador and Zimbabwe, and was embraced by politicians in the U.S. like Miami mayor Francis Suarez and New York mayor Eric Adams.

Also, some new projects made partnerships with traditional institutions, like Avalanche’s partnership with Deloitte. And other crypto-related projects that were covered in the Uncensored Crypto docuseries saw explosive growth, like NFTs, web3, and DeFi projects.

All this to say, now is a great time to start investing in cryptocurrency! It’s not too late to miss out on making a good return on your investment, and not too early that the market is hard to navigate. 

There are tons of beginner-friendly places out there to start investing, like Coinbase, Binance, or Gemini. And many simple hot wallets, like the Exodus or Trust wallets.

Currently, it’s estimated that around 23% of Americans invest in cryptocurrency, which is a considerable jump from the 8% in 2018. 

And given the enthusiasm behind blockchain, the metaverse, and NFTs, it seems likely that more people, tech companies, retailers, and other institutions will be jumping on the bandwagon in the future.

Future of investing in crypto

In 2021, crypto investments increased 36% from 2020, for a total value of $9.3 billion. By late 2021, the total value of the crypto market reached $3.3 trillion.

This shows that investing in crypto has become a major industry and is only likely to keep growing in the future. 

If the Uncensored Crypto docuseries shows anything, it’s that the crypto market as a whole is still new and is only getting bigger in the future. 

As the docuseries explores, crypto and blockchain technology have the potential to revolutionize the current financial system as we know it. 

Centralized exchanges like Coinbase have seen a huge jump in membership, with a growth of 56 million users and a total valuation of $65 billion in 2021. 

As mentioned above, now more than ever there are many great places for newbies to start if they want to begin investing. 

Of course, crypto enthusiasts won’t hesitate to tell you that you should jump on board now. However, you might hear from mainstream financial experts that it’s too risky and isn’t worth it. The truth is likely somewhere in the middle.

It’s true that cryptocurrency is notoriously volatile. And if you’re not careful with where or what you invest in, you could risk your money. But this doesn’t make crypto a bad investment. 

While crypto has been around for a relatively short amount of time, given its long-term trajectory, it’s clear that holding it as a long-term investment can pay off for any investor.

Established projects like Bitcoin and Ethereum are safe choices, but there are many newer projects that show potential. Just remember, one way that crypto differs from traditional investing is that anyone can create their own coin.

So if you’re looking to invest in newer projects, be sure to do your research and never put all your eggs in one basket. Like investing in anything, diversity is usually best. And if you follow basic security protocols to keep your investments secure, you can have a safe, positive crypto investing experience.