Mm-hmm (affirmative). And let's take a step back for a 2nd, due to the fact that I'm constantly curious to talk to people who are, particularly somebody like yourself, who's committed the last, you understand, the much better part of the last couple of years to actually go both feet in on this. How do you describe cryptocurrency to like an average person? That's a fantastic question.

They're two absolutely various things, however they're both called cryptocurrencies. A cryptocurrency is a cryptographic token that is trying to be an alternative to cash. So Bitcoin would be a cryptocurrency. And so what offers it value is that it is, there's only going to be a minimal 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. Therefore if you take a look at that Bitcoin network, people continuously attempt to hack it. However because of the nature of the network, today it's been unhackable. And truly, with existing innovation, the Bitcoin network is so big today, you can't co-opt it, you can't take it over.

Therefore when people put, you have actually got people who have actually own billions of dollars worth of Bitcoin. And they're making that bet because they're stating, "We don't rely on paper currency, you can print a limitless amount of it. It's actually not secure, and the federal government can take it away from you." - Whereas with Bitcoin, ideal , 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 need for, in Argentina for instance, high demand for a black market of U.S. dollars. Correct. Are those nations that could possibly be a driver for more adoption, due to the fact that they already do not think in their own currency? Yeah, and I think we've currently seen that.

So yes, and this is a thing that a great deal of American or Western financiers have a bumpy ride 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 do not need Bitcoin. But 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 entire burgeoning international need for cryptocurrencies. So anyway, that's one coin, cryptocurrencies, and there's a whole 'nother coin called utility coins. And energy coins are generally utilized, let's say Ethereum, which a lot of people understand about Ethereum. Ethereum is basically a worldwide computer that you can write computer system programs for and run computer programs on a worldwide decentralized computer program.

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So we consider something like Ether an energy token, because you're basically buying programs power. So I would not actually consider Ether a cryptocurrency, I would call them an energy coin. Okay. And there are other ones out there, to provide people an idea, like a really simple 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 sort of this same kind of network impact that you have with Bitcoin, where it resembles unstoppable example, since it's on many various areas and (how to day trade crypto). I do not understand the ins and outs of it, however as an example for someone who may just be very standard in their understanding of this, there are many various types of energies that are available.

And you sort of mentioned having this boots on the ground experience. Now, since we're looking at the bulk of these are probably utility based, remedy? Mm-hmm (affirmative). The majority of the coins that I advise and take a look at are utility-based. We have a couple of cryptocurrencies, but I believe the real opportunity lies in the energy coin space.

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There's all of these ICOs that were happening, those slowed down a bit with some modifications to a couple of things that was going on, but people are going to come out of the woodwork and start to create utility coins- Correct, yeah. And people need to comprehend that not all energy coins are created equal.

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

How do they do that? That's a terrific question. I will say that 95% of ICOs are either deceptive or just bad ideas. Okay. Right? There's absolutely nothing even worse than somebody that's young, earnest, with an awful concept, that somebody provides $40 million to. Right? Yeah, absolutely. So yeah, so I do not truly take part in lots of ICOs, and I advise you most likely side action that market, unless you have actually got a special relationship, and you can get in on the pre-ICO, and then blow it out when it trades.

'Cause typically it'll crash 80% or so. And that's when we really start looking at the concept in more information. So here are some fast and filthy things that you should take a look at, right? So, one is, are they resolving an issue that needs to be solved? One of the big downsides with extremely clever, technical individuals, is that they like to solve issues that no one appreciates fixing.

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Does the team have experience of performing in a successful manner in another area of their life? And it does not even have to be directly related to cryptocurrency, it does not have to be even straight associated to software, right? So, however I desire to see a performance history of success in something, right? If it's four people in a space 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 cash.

Yeah. I think that in marketing in general, my world of organization, we continuously try to find issues and how we can solve them. Now, are the problems things that people are attempting to fix a part of the Blockchain typically? Or would you say it's much better if they're resolving kind 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 services that, so I'll give you an example.

And the factor that we purchased it is because they found a way to make files tamper-proof, and it's 99% more affordable than existing technology, right? So that's yeah, it's a no-brainer, right? Right. And then on top of that, the guy that began it has a track record of creating computer system programs that whole states run their entire operations on, right? So you've got okay, the clever person has developed huge computer system programs, excellent group, solving a massive issue that is going to cut big costs.

I mean, it does not get any simpler 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 try to make things more complex than it is. And I have a really easy rule, Ryan. If I don't understand something, I installed my hand, and I state, "I didn't understand what you simply stated." Mm-hmm (affirmative).

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Okay. What I can utilize that I discovered from dealing with Wall Street throughout 3 years, is how to check out people. I have actually satisfied tens of countless people throughout my career. I've met experts; I've met fund supervisors, I have actually satisfied stock promoters, I've met all these different kinds of characters along the method.

So I believe that's most likely among my incredibly powers, if you will. And if you've got an excellent BS detector, you need to listen to it. how to margin trade crypto. Okay. You should definitely listen to it. If I'm taking a seat and I'm talking with somebody, and they have actually got all the bonifides, but you understand, there's simply; 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 excessive chance. Yeah. And speaking of opportunity, you understand, you kind of pointed out at the start, Bitcoin and Ethereum, many people have actually become aware of these two, especially Bitcoin, due to the fact that it looks 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 come up from state $3,000 not too long earlier, it's quite unstable. Do they type of wait on a pullback, or do they just 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 terrific concern.

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

And then on the first 50% pullback that you see in Bitcoin, buy the second half. And that way you're not going to get the ideal rate, but you're going to get a great price. And then simply leave it alone. And to your question, is it too late to buy Bitcoin? Absolutely not.

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Right now it has about simply 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 suggest, I'll take that all day. A little bit simpler in cryptocurrency than getting Apple stock. Right! And you discussed this volatility.

Suggesting that Bitcoin has to do with ten times more volatile. And they believe that as it becomes less and less volatile, it's going to be much easier to in fact depend on as a currency. Correct. Now, we remain in an age where news, whether you call it FUD, fear, uncertainty, doubt, truly drives the costs of these cryptocurrencies up and down it appears like. how to margin trade crypto.