Cryptocurrency, The New Las Vegas; It's A Casino!

The gambler dies broke, but the player who uses statistics sets up the odds in his or her favor. Does that insure a win? No! You can make the fatal mistake of not selling at 2 sigmas above the mean and not buying at 2 sigmas below the mean. What's a sigma? I covered that on other videos. All one has to do is buy cheap and sell dear. Markets were always that way. How do you know when a commodity is cheap? Use statistics. Mean, standard deviation and z-score. Do you want to look them up to get an understanding of them? How many cryptocurrencies are there? What is market cap or market capitalization? Is this number reliable? How do creators of cryptocurrencies cheat people? What is the role of a brother-in-law? Can you trust exchanges? When can one tell if they are good at this? Should one quit when they have $1 billion? Should one trust the wife with the password? If one dies, how do the survivors get the bitcoins? This is what is covered in this video. If you don't like bitcoin, please don't watch it. Use your time wisely! Watch reruns of The Brady Bunch or Gilligan's Island. Watch grown men throw a ball, kick the ball, hit the ball, dunk the ball or slam a hockey puck! You don't need to be a billionaire!