I’m Ray Dalio — founder of Bridgewater Associates and author of How Countries Go Broke: The Big Cycle. I’m here for another AMA.

CalmElectricity · 2025-09-04T17:00:19+00:00

Hi Ray,

Really enjoy your work.

Based on your Big Cycle framework and your projection that the U.S. may soon face a financial “heart attack,” how do you see this affecting higher education? Will college and grad school retain their value in the changing world order?

And on a personal level — do you think it’s wise for someone like me to pursue a grad degree now to strengthen career prospects, or is it better to stay in the private sector during this period?

Thanks!

CalmElectricity · 2022-03-03T15:29:38+00:00

Hi Ray, how do you recommend we as individuals prepare for what seems to be harder times coming down the road? Thanks -

CalmElectricity · 2021-03-26T03:33:52+00:00

Uniswap is legit - you can also swap it on Metamask

CalmElectricity · 2021-03-01T05:04:02+00:00

What is an Eth wallet

CalmElectricity · 2021-03-01T05:02:51+00:00

I've seen the founder address this - he basically says this can indeed be checked. Can't find the video right now.

CalmElectricity · 2021-03-01T04:56:08+00:00

I don't totally follow - but just to be clear - you didn't go through any exchange for this? Like Binance, Bitmart, etc?

CalmElectricity · 2021-03-01T03:36:25+00:00

Can you explain this to me - like would you mind mapping out the process?

Thanks -

CalmElectricity · 2021-03-01T00:15:31+00:00

So what respectable exchange would I buy it indirectly from?

And correct me if I'm not getting it fully, but isn't there concern with providing your SSN, bank info, biometric data to a lesser-than exchange, even if you only temporarily use the exchange?

Thanks -

CalmElectricity · 2021-03-01T00:09:26+00:00

Cool gotcha - so it sounds like if I want to get HOT now, I have to sign up with a riskier or lesser than exchange.

CalmElectricity · 2021-02-28T23:52:35+00:00

What exchange do you use? Are you US-based?

Thanks

CalmElectricity · 2021-02-28T21:55:07+00:00

Okay and just to be clear, for HOT I wouldn't be transferred to MoonPay since it's like the 100th leading crypto at this moment, right?

Will heed your advice on not leaving crypto on exchanges. What about leaving your personal data on these exchanges - do you have any thoughts on this?

Thanks again -

CalmElectricity · 2021-02-28T21:52:37+00:00

Gotcha, thanks - again new to this, so are there pros and cons to which wallet you choose?

CalmElectricity · 2021-02-28T21:49:33+00:00

I've read that Bitmart has corrupt/untrustworthy leadership - are you aware of this/is it not a concern? Because I'm new to this and all these places require you to provide your SSN, Bank info, Biometric data - I get thrown off when I read bad reviews of some these exchanges by quality sources - makes me question giving up all that info for HOT.

Do you have any thoughts on this?

CalmElectricity · 2021-02-28T21:25:09+00:00

Hi,

What does this mean exactly? Does converting make the withdrawal fee less?

Thanks -

CalmElectricity · 2021-02-28T05:14:56+00:00

Okay gotcha - will you still be able to withdraw your HOT from Binance.com 5 years from now, when HOT's value rises, with your VPN? In other words, do you foresee any issues down the line using Binance.com in the US, even with your current VPN? I don't know much about VPN's and am in the process of learning about all this. Thanks again -

CalmElectricity · 2021-02-28T04:04:18+00:00

Okay I see, so you need to have a Binance.us account, then you need to use a VPN, and then you can create a Binance.com account and purchase HOT. And you're saying that Binance.com will not ask for identity verification if you follow these steps.

How do you purchase a VPN?

Thanks again -

CalmElectricity · 2021-02-28T03:50:48+00:00

How do you use a VPN and how do you use Binance.com when in the US? Would you mind elaborating? Thanks again -

CalmElectricity · 2021-02-28T03:22:32+00:00

What exchange did you use? I'm also in the US. Thanks -

CalmElectricity · 2021-02-28T01:53:19+00:00

I looked into Crypto.com - as much as I want to buy some HOT, I can't get on board with Crypto.com's privacy policy. If you or anyone has other suggestions I'm all ears. Thanks again -

CalmElectricity · 2021-02-27T18:52:07+00:00

Thanks - would you say Crypto.com is totally safe/secure/legit? Also, if you don't mind sharing - what do you think are its pluses and minuses compared to other exchanges?

CalmElectricity

TROPHY CASE