Mm-hmm (affirmative). And let's take a step back for a second, due to the fact that I'm always curious to speak with people who are, especially someone like yourself, who's devoted the last, you know, the bulk of the last few years to really go both feet in on this. How do you explain cryptocurrency to like a typical individual? That's an excellent concern.

They're 2 absolutely different things, but they're both called cryptocurrencies. A cryptocurrency is a cryptographic token that is trying to be an alternative to money. So Bitcoin would be a cryptocurrency. Therefore what provides it value 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 computers, confirming the transactions on the Bitcoin network. Therefore if you take a look at that Bitcoin network, individuals continuously attempt to hack it. However since of the nature of the network, today it's been unhackable. And actually, with current innovation, the Bitcoin network is so big today, you can't co-opt it, you can't take it over.

Therefore when individuals put, you have actually got people who have actually own billions of dollars worth of Bitcoin. And they're making that bet since they're saying, "We do not trust paper currency, you can print an unrestricted quantity of it. It's actually not protect, and the federal government can take it away from you." - Whereas with Bitcoin, right , proceed.

Yeah. Or people that were in Cypress, or simply people who have actually suffered through either run-away inflation, or there's a high need for, in Argentina for instance, high need for a black market of U.S. dollars. Correct. Are those countries that could potentially be a driver for more adoption, because they already don't think in their own currency? Yeah, and I believe we have actually already seen that.

So yes, and this is a thing that a lot of American or Western investors have a tough time getting their head around. They're like, "Well I don't require Bitcoin, I have money." Well yeah, you're right, you've got a steady currency, right? You don't need Bitcoin. But there are billions of individuals on the planet that don't have steady currencies.

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

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So we think about something like Ether an utility token, due to the fact that you're basically purchasing shows power. So I would not actually think about Ether a cryptocurrency, I would call them an energy coin. Okay. And there are other ones out there, to provide individuals an idea, like a really easy one that I would picture you 'd called an energy token, is like FileCoin.

Where the concept is that essentially 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 resembles unstoppable example, due to the fact that it's on so many various areas and (how to trade crypto currency). I don't understand the ins and outs of it, but as an example for somebody who may just be really fundamental in their understanding of this, there are many various kinds of utilities that are available.

And you kind of mentioned having this boots on the ground experience. Now, because we're taking a look at the bulk of these are most likely utility based, correct? Mm-hmm (affirmative). The majority of the coins that I recommend and take a look at are utility-based. We have a couple of cryptocurrencies, but I think the real chance lies in the energy coin area.

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There's all of these ICOs that were happening, those slowed down a little bit with some modifications to a few things that was going on, but people are going to come out of the woodwork and begin to create utility coins- Correct, yeah. And individuals need to understand that not all utility coins are developed equivalent.

So you have the advantage of committing your profession to this, so you can head out there and do the reconnaissance, you can satisfy the creators, you can examine the code, and so on. However for an average individual, there's now what, over 1,000 various kinds of coins offered, practically 1,200 I think.

How do they do that? That's an excellent question. I will state that 95% of ICOs are either deceptive or simply bad ideas. Okay. Right? There's nothing even worse than someone that's young, earnest, with a dreadful concept, that somebody offers $40 million to. Right? Yeah, absolutely. So yeah, so I do not actually take part in numerous ICOs, and I advise you most likely side action that market, unless you have actually got an unique relationship, and you can participate the pre-ICO, and after that blow it out when it trades.

'Cause generally it'll crash 80% or so. Which's when we actually begin looking at the concept in more information. So here are some fast and unclean things that you should take a look at, right? So, one is, are they resolving an issue that requires to be solved? Among the big drawbacks with extremely smart, technical people, is that they like to fix problems that nobody appreciates solving.

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Does the group have experience of performing in a successful manner in another location of their life? And it does not even have to be straight associated to cryptocurrency, it doesn't need to be even directly related to software, right? So, however I wish to see a performance history of success in something, right? If it's four guys in a space that are just out of college, unless they have actually got some actually 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 company, we constantly look for issues and how we can solve them. Now, are the issues things that people are attempting to solve a part of the Blockchain generally? Or would you say it's much better if they're fixing 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 generally searching for options that, so I'll provide you an example.

And the factor that we purchased it is due to the fact that they discovered a way to make documents tamper-proof, and it's 99% less expensive than present technology, right? So that's yeah, it's a no-brainer, right? Right. And then on top of that, the man that started it has a track record of producing computer system programs that whole states run their entire operations on, right? So you have actually got okay, the wise guy has constructed huge computer system programs, great group, fixing a massive issue that is going to cut substantial costs.

I mean, it doesn't get any simpler than that in terms of choosing who to put cash behind. And a great deal of this is typical sense, and a great deal of folks will attempt to make things more complicated than it is. And I have an actually easy guideline, Ryan. If I do not comprehend something, I set up my hand, and I state, "I didn't understand what you just stated." Mm-hmm (affirmative).

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