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As challenging as possible, right, like Coinbase. It 'd take me permanently prior to I could begin buying in size on Coinbase (how to trade crypto). They're like, well, we'll let you buy $500 a week, Teeka. I mean, it's if you remember the early days of the Internet, when we were getting on the Internet, we were doing it with 56k modems, right? I mean it would take 20 minutes to load a page.

Even when AOL came on board, and you 'd call AOL, and you 'd be on hold for 90 minutes. I indicate, we're in the early days of that technology, however similar to during that time period, for the folks that had the vision to see where the future was going, and after that purchased in on a few of these young business, they made an outright fortune.

Mm-hmm (affirmative). And let's take a step back for a second, because I'm constantly curious to talk with people who are, especially somebody like yourself, who's devoted the last, you know, the much better part of the last couple of years to truly go both feet in on this. How do you describe cryptocurrency to like an average person? That's a great concern.

They're 2 completely various 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 offers it worth is that it is, there's only going to be a minimal amount. There'll never ever be more than 21 million Bitcoin.

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

Therefore when individuals put, you have actually got individuals who have actually own billions of dollars worth of Bitcoin. And they're making that bet due to the fact that they're saying, "We do not trust paper currency, you can print an endless quantity of it. It's truly not protect, and the federal government can take it far from you." - Whereas with Bitcoin, right , go ahead.

Yeah. Or individuals that remained in Cypress, or simply people who have suffered through either run-away inflation, or there's a high demand 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, since they currently do not think in their own currency? Yeah, and I believe we have actually currently seen that.

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

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Yeah (how to margin trade crypto). And so there's this whole burgeoning global demand for cryptocurrencies. So anyway, that's one coin, cryptocurrencies, and there's an entire 'nother coin called energy coins. And utility coins are essentially utilized, let's state Ethereum, which a great deal of people know about Ethereum. Ethereum is basically an international computer system that you can write computer programs for and run computer programs on a globally decentralized computer system program.

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So we consider something like Ether an utility token, since you're essentially buying shows power. So I would not truly consider Ether a cryptocurrency, I would call them an energy coin. Okay. And there are other ones out there, to offer individuals a concept, like a really easy one that I would imagine 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 exact same type of network effect that you have with Bitcoin, where it's like unstoppable example, because it's on many different locations and (how to margin trade crypto). I do not understand the ins and outs of it, however as an example for someone who may just be really standard in their understanding of this, there are numerous different types of utilities that are readily available.

And you sort of discussed having this boots on the ground experience. Now, considering that we're taking a look at the bulk of these are probably utility based, correct? Mm-hmm (affirmative). Many of the coins that I recommend and take a look at are utility-based. We have a couple of cryptocurrencies, but I think the genuine opportunity 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 changes to a few things that was going on, but individuals are going to come out of the woodwork and begin to develop utility coins- Correct, yeah. And individuals require to understand that not all utility coins are created equal.

So you have the benefit of dedicating your profession to this, so you can go out there and do the recon, you can fulfill the founders, you can check the code, and so on. But for a typical individual, there's now what, over 1,000 various types of coins readily available, almost 1,200 I think.

How do they do that? That's an excellent question. I will say that 95% of ICOs are either fraudulent or simply bad concepts. Okay. Right? There's nothing even worse than somebody that's young, earnest, with a horrible idea, that someone offers $40 million to. Right? Yeah, completely. So yeah, so I do not truly take part in many ICOs, and I suggest you probably side step that market, unless you have actually got an unique relationship, and you can get in on the pre-ICO, and then blow it out when it trades.

'Cause generally it'll crash 80% or so. And that's when we actually begin taking a look at the concept in more detail. So here are some quick and filthy things that you should look at, right? So, one is, are they fixing a problem that requires to be resolved? One of the huge downsides with very wise, technical people, is that they like to resolve issues that nobody cares about solving.

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Does the team have experience of performing in an effective way in another area of their life? And it does not even need to be directly related to cryptocurrency, it does not have to be even directly associated to software, right? So, however I wish to see a track record of success in something, right? If it's four people in a room that are simply out of college, unless they have actually got some truly great consultants behind them, I'm most likely not going to provide any cash.

Yeah. I think that in marketing in basic, my world of organization, we continuously look for problems and how we can resolve them. Now, are the problems things that individuals are attempting to resolve a part of the Blockchain normally? Or would you say it's better if they're fixing sort 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 searching for options that, so I'll give you an example.

And the reason that we purchased it is due to the fact that they found a way to make files tamper-proof, and it's 99% more affordable than present innovation, right? So that's yeah, it's a no-brainer, right? Right. And then on top of that, the man that began it has a track record of producing computer programs that whole states run their entire operations on, right? So you have actually got okay, the clever guy has actually constructed big computer programs, excellent group, resolving an enormous issue that is going to cut huge costs.

I suggest, it does not get any easier than that in regards to deciding who to put cash behind. And a lot of this is common sense, and a lot of folks will attempt to make things more complicated than it is. And I have a really simple rule, Ryan. If I do not comprehend something, I set up my hand, and I state, "I didn't understand what you simply stated." Mm-hmm (affirmative).

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And after that if the person that you're speaking to can't dumb it down enough where you understand it, then it's probably not a good idea. how to margin trade crypto. Right, right. how to trade crypto. It's going to be basic to comprehend. And do you feel that you have years of experience assessing business and looking at much, much larger companies.

Ryan: So you have actually taken a look at business that are huge business, you've examined much bigger marketcap type situations - how to day trade crypto. Do you feel that that experience has assisted you? Or are we in such, sort of the infancy, that as you discussed, it is almost simply common sense. You simply have to type of appearance at it and believe rationally about what's going on, and pull the feeling out? You need to pull the feeling out, and there are no standard metrics that you can look at.

Okay. What I can utilize that I found out from dealing with Wall Street across three decades, is how to check out individuals. I've fulfilled tens of countless individuals throughout my career. I've satisfied experts; I've satisfied fund supervisors, I have actually satisfied stock promoters, I've satisfied all these different types of characters along the way.

So I think that's probably among my very powers, if you will. And if you have actually got a good BS detector, you need to listen to it. how to swing trade crypto. Okay. You should definitely listen to it. If I'm sitting down and I'm talking with somebody, and they have actually got all the bonifides, but you know, there's just; it's not sitting well with me, there's something about them that's not sitting well with me.

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There are a lot of other offers out there to take a look at. Yeah, there's too much opportunity. Yeah. And speaking of chance, you understand, you kind of pointed out at the beginning, Bitcoin and Ethereum, most people have actually heard of these two, particularly 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 practically upwards of $6,000 just recently; it's shown up from state $3,000 not too long earlier, it's rather unpredictable. Do they type of wait on a pullback, or do they simply say, "Okay, I'm going to purchase some Ethereum, I'm going to purchase some Bitcoin, see you in 10 years." You know? Yeah that's an excellent question.

You can literally utilize small stakes, and change them into life-changing quantities of cash. So I think the very first action is, get clear on, if I lost all this money tomorrow, if I put it in Bitcoin, I wish to make sure that it's not going to have me asking my moms and dads for hamburger money, and sleeping on their sofa.

And after that on the very first 50% pullback that you see in Bitcoin, purchase the second half. Which way you're not going to get the perfect price, but you're going to get a good rate. And after that just leave it alone. And to your question, is it far too late to purchase Bitcoin? Absolutely not.

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Today 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 imply, I'll take that all day long. A little bit simpler in cryptocurrency than getting Apple stock. Correct! And you discussed this volatility.

Indicating that Bitcoin has to do with 10 times more volatile. And they think that as it ends up being less and less volatile, it's going to be simpler to really rely on as a currency. Correct. Now, we remain in an age where news, whether you call it FUD, worry, unpredictability, doubt, actually drives the rates of these cryptocurrencies up and down it appears like. how to trade crypto currency.