Mm-hmm (affirmative). And let's take a step back for a 2nd, since I'm constantly curious to speak with people who are, especially someone like yourself, who's dedicated the last, you understand, the lion's share of the last few years to truly go both feet in on this. How do you explain cryptocurrency to like an average individual? That's a great question.

They're two totally different things, however they're both called cryptocurrencies. A cryptocurrency is a cryptographic token that is attempting to be an option to cash. So Bitcoin would be a cryptocurrency. Therefore what provides it worth is that it is, there's just going to be a restricted amount. There'll never be more than 21 million Bitcoin.

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There are billions of dollars worth of computer systems, verifying the deals on the Bitcoin network. And so if you take a look at that Bitcoin network, individuals constantly attempt to hack it. However since of the nature of the network, today it's been unhackable. And really, with present innovation, the Bitcoin network is so huge right now, you can't co-opt it, you can't take it over.

And so when people put, you've got people who have literally own billions of dollars worth of Bitcoin. And they're making that bet because they're saying, "We don't rely on paper money, you can print a limitless quantity of it. It's actually not secure, and the government can take it away from you." - Whereas with Bitcoin, ideal , proceed.

Yeah. Or individuals that remained in Cypress, or simply individuals who have suffered through either devaluation, or there's a high need for, in Argentina for example, high need for a black market of U.S. dollars. Correct. Are those nations that could possibly be a catalyst for more adoption, due to the fact that they already don't think in their own currency? Yeah, and I think we've already seen that.

So yes, and this is a thing that a lot of American or Western investors have a bumpy ride getting their head around. They're like, "Well I don't need Bitcoin, I have money." Well yeah, you're right, you've got a stable currency, right? You do not require Bitcoin. However there are billions of people in the world that don't have stable currencies.

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Yeah (how to day trade crypto). Therefore there's this whole blossoming worldwide demand for cryptocurrencies. So anyhow, that's one coin, cryptocurrencies, and there's a whole 'nother coin called utility coins. And utility coins are generally utilized, let's state Ethereum, which a lot of individuals understand about Ethereum. Ethereum is basically a worldwide computer that you can write computer system programs for and run computer programs on an internationally decentralized computer system program.

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So we consider something like Ether an energy token, because you're essentially purchasing programming power. So I wouldn't really think about Ether a cryptocurrency, I would call them an utility coin. Okay. And there are other ones out there, to provide people a concept, like a really easy one that I would picture you 'd called an utility token, is like FileCoin.

Where the concept is that basically you're hosting files through a peer-based network, and there's type of this very same type of network result that you have with Bitcoin, where it's like unstoppable example, due to the fact that it's on many different locations and (how to margin trade crypto). I do not understand the ins and outs of it, but as an example for somebody who might just be extremely standard in their understanding of this, there are many different kinds of utilities that are offered.

And you kind of mentioned having this boots on the ground experience. Now, considering that we're looking at the bulk of these are probably energy based, fix? Mm-hmm (affirmative). Many of the coins that I advise and take a look at are utility-based. We have a couple of cryptocurrencies, however I believe the real opportunity depends on the energy coin space.

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There's all of these ICOs that were taking place, those decreased a bit with some modifications to a few things that was going on, but individuals are going to come out of the woodwork and start to produce energy coins- Correct, yeah. And people require to comprehend that not all energy coins are developed equal.

So you have the advantage of dedicating your profession to this, so you can head out there and do the recon, you can meet the creators, you can inspect the code, etc. But for a typical person, there's now what, over 1,000 various kinds of coins offered, nearly 1,200 I believe.

How do they do that? That's a great question. I will say that 95% of ICOs are either deceptive or just bad concepts. Okay. Right? There's absolutely nothing worse than someone that's young, earnest, with a terrible idea, that somebody gives $40 million to. Right? Yeah, absolutely. So yeah, so I don't truly participate in lots of ICOs, and I recommend you probably side step that market, unless you've got a special relationship, and you can get in on the pre-ICO, and after that blow it out when it trades.

'Cause typically it'll crash 80% approximately. And that's when we truly begin taking a look at the idea in more information. So here are some fast and dirty things that you should take a look at, right? So, one is, are they fixing a problem that needs to be resolved? One of the huge disadvantages with really smart, technical people, is that they like to solve problems that no one cares about fixing.

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Does the team have experience of performing in an effective manner in another area of their life? And it doesn't even have to be directly related to cryptocurrency, it doesn't have to be even straight related to software, right? So, however I desire to see a track record of success in something, right? If it's 4 guys in a room that are just out of college, unless they've got some really great advisors behind them, I'm probably not going to provide any cash.

Yeah. I think that in marketing in basic, my world of organization, we continuously try to find problems and how we can solve them. Now, are the problems things that individuals are attempting to fix a part of the Blockchain generally? Or would you say it's better if they're resolving type of a mass problem? Something like FileCoin, or something else that would be more mass appeal? Or is it a mix of both? Well I'm basically looking for solutions that, so I'll give you an example.

And the factor that we bought it is because they discovered a way to make files tamper-proof, and it's 99% more affordable than current technology, right? So that's yeah, it's a no-brainer, right? Right. And then on top of that, the guy that started it has a track record of developing computer system programs that entire states run their entire operations on, right? So you have actually got all right, the wise guy has actually built big computer system programs, fantastic team, resolving a massive issue that is going to cut big expenses.

I suggest, it does not get any simpler than that in regards to choosing who to put cash behind. And a lot of this is typical sense, and a great deal of folks will attempt to make things more complex than it is. And I have an actually simple rule, Ryan. If I do not comprehend something, I installed my hand, and I state, "I didn't comprehend what you simply said." Mm-hmm (affirmative).

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Okay. What I can use that I found out from working on Wall Street across three decades, is how to read people. I have actually fulfilled 10s of thousands of individuals throughout my profession. I've satisfied insiders; I've met fund managers, I've fulfilled stock promoters, I have actually fulfilled all these various kinds of characters along the method.

So I believe that's most likely among my super powers, if you will. And if you've got an excellent BS detector, you must listen to it. how to swing trade crypto. Okay. You must absolutely listen to it. If I'm taking a seat and I'm talking with somebody, and they have actually got all the bonifides, however you know, there's just; it's not agreeing with me, there's something about them that's not agreeing with me.

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There are a lot of other deals out there to take a look at. Yeah, there's too much chance. Yeah. And speaking of chance, you understand, you type of mentioned at the start, Bitcoin and Ethereum, the majority of people have actually heard of these two, especially Bitcoin, since it appears like it's in the news all the time, something or the other.

Have they missed the boat on Bitcoin? Bitcoin is trading almost upwards of $6,000 recently; it's turned up from state $3,000 not too long ago, it's quite unstable. Do they sort of wait on a pullback, or do they simply say, "Okay, I'm going to buy some Ethereum, I'm going to buy some Bitcoin, see you in 10 years." You know? Yeah that's a fantastic question.

You can actually utilize tiny stakes, and transform them into life-changing quantities of cash. So I believe the primary step is, get clear on, if I lost all this cash tomorrow, if I put it in Bitcoin, I want to make certain that it's not going to have me pleading my parents for hamburger cash, and sleeping on their couch.

And after that on the very first 50% pullback that you see in Bitcoin, purchase the 2nd half. And that method you're not going to get the perfect rate, but you're going to get an excellent rate. And then simply leave it alone. And to your question, is it far too late to purchase Bitcoin? Absolutely not.

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Right now it has about just under a $100 billion market cap, so it's a 10x from here. So you put $1,000 in, you turn it into $10,000. I indicate, I'll take that all day long. A bit much easier in cryptocurrency than picking up Apple stock. Correct! And you talked about this volatility.

Suggesting that Bitcoin has to do with ten times more unpredictable. And they think that as it becomes less and less unstable, it's going to be simpler to actually count on as a currency. Correct. Now, we're in an age where news, whether you call it FUD, fear, unpredictability, doubt, truly drives the prices of these cryptocurrencies up and down it seems like. how to margin trade crypto.