Mm-hmm (affirmative). And let's take an action back for a 2nd, because I'm always curious to talk with people who are, particularly someone like yourself, who's devoted the last, you understand, the bulk of the last few years to actually go both feet in on this. How do you explain cryptocurrency to like a typical person? That's a fantastic question.

They're 2 totally different things, but they're both called cryptocurrencies. A cryptocurrency is a cryptographic token that is attempting to be an alternative to money. So Bitcoin would be a cryptocurrency. Therefore what offers it value is that it is, there's only going to be a limited amount. There'll never ever be more than 21 million Bitcoin.

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There are billions of dollars worth of computers, verifying the deals on the Bitcoin network. And so if you look at that Bitcoin network, individuals constantly try to hack it. However since of the nature of the network, today it's been unhackable. And truly, with current technology, the Bitcoin network is so huge today, you can't co-opt it, you can't take it over.

Therefore when individuals put, you have actually got people who have literally own billions of dollars worth of Bitcoin. And they're making that bet due to the fact that they're stating, "We don't trust fiat money, you can print a limitless quantity of it. It's truly not secure, and the government can take it away from you." - Whereas with Bitcoin, right , go ahead.

Yeah. Or individuals that remained in Cypress, or just individuals who have actually suffered through either hyperinflation, or there's a high need for, in Argentina for example, high need for a black market of U.S. dollars. Correct. Are those countries that could possibly be a driver for more adoption, because they currently do not think in their own currency? Yeah, and I believe we've currently seen that.

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

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Yeah (how to swing trade crypto). Therefore there's this whole growing worldwide demand for cryptocurrencies. So anyhow, that's one coin, cryptocurrencies, and there's a whole 'nother coin called energy coins. And energy coins are basically utilized, let's state Ethereum, which a great deal of individuals know about Ethereum. Ethereum is essentially a global computer system that you can compose computer system programs for and run computer programs on an internationally decentralized computer program.

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

Where the idea is that generally you're hosting files through a peer-based network, and there's sort of this very same type of network effect that you have with Bitcoin, where it resembles unstoppable kind of thing, because it's on numerous various areas and (how to trade crypto). I do not know the ins and outs of it, however as an example for somebody who may simply be extremely standard in their understanding of this, there are numerous various types of utilities that are available.

And you type of pointed out having this boots on the ground experience. Now, since we're taking a look at the bulk of these are probably energy based, correct? Mm-hmm (affirmative). Most of the coins that I recommend and look at are utility-based. We have a few cryptocurrencies, however I believe the real chance depends on the energy coin space.

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There's all of these ICOs that were occurring, those decreased a little bit with some modifications to a couple of things that was going on, but people are going to come out of the woodwork and begin to produce utility coins- Correct, yeah. And individuals require to comprehend that not all energy coins are produced equal.

So you have the advantage of dedicating your occupation to this, so you can head out there and do the reconnaissance, you can satisfy the creators, you can inspect the code, etc. But for a typical person, there's now what, over 1,000 different kinds of coins readily available, nearly 1,200 I believe.

How do they do that? That's an excellent question. I will say that 95% of ICOs are either deceitful or simply bad concepts. Okay. Right? There's absolutely nothing even worse than somebody that's young, earnest, with an awful idea, that somebody offers $40 million to. Right? Yeah, completely. So yeah, so I don't truly participate in many ICOs, and I recommend you most likely side step that market, unless you've got a special relationship, and you can participate the pre-ICO, and after that blow it out when it trades.

'Cause usually it'll crash 80% or two. Which's when we truly begin looking 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 solving an issue that requires to be fixed? Among the big downsides with extremely smart, technical individuals, is that they like to solve problems that no one cares about resolving.

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Does the team have experience of executing in a successful manner in another area of their life? And it does not even need to be straight associated to cryptocurrency, it doesn't have to be even straight related to software application, right? So, however I wish to see a track record of success in something, right? If it's 4 people in a room that are just out of college, unless they've got some truly good advisors behind them, I'm most likely not going to provide any money.

Yeah. I believe that in marketing in general, my world of service, we continuously search for problems and how we can resolve them. Now, are the issues things that individuals are trying to fix a part of the Blockchain usually? Or would you say it's better if they're fixing type of a mass issue? Something like FileCoin, or something else that would be more mass appeal? Or is it a mix of both? Well I'm generally trying to find options 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% cheaper than present technology, right? So that's yeah, it's a no-brainer, right? Right. And after that on top of that, the guy that started it has a track record of creating computer system programs that entire states run their entire operations on, right? So you have actually got okay, the smart person has developed substantial computer system programs, fantastic group, fixing a massive problem that is going to cut huge expenses.

I suggest, it doesn't get any easier than that in terms of deciding who to put cash behind. And a great deal of this prevails sense, and a lot of folks will try to make things more complicated than it is. And I have a really simple rule, Ryan. If I do not understand something, I set up my hand, and I say, "I didn't understand what you simply said." Mm-hmm (affirmative).

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