Mm-hmm (affirmative). And let's take a step back for a second, since I'm constantly curious to talk with people who are, particularly someone like yourself, who's devoted the last, you understand, the bulk of the last couple of years to actually 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 various things, however 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. And so what offers it value is that it is, there's just going to be a limited amount. There'll never be more than 21 million Bitcoin.

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There are billions of dollars worth of computer systems, confirming the transactions on the Bitcoin network. And so if you look at that Bitcoin network, individuals constantly attempt to hack it. But due to the fact that of the nature of the network, today it's been unhackable. And really, with current innovation, the Bitcoin network is so huge right now, you can't co-opt it, you can't take it over.

And so when individuals put, you have actually got people who have literally own billions of dollars worth of Bitcoin. And they're making that bet since they're stating, "We don't trust fiat money, you can print an unlimited amount of it. It's truly not secure, and the federal government can take it away from you." - Whereas with Bitcoin, right , proceed.

Yeah. Or individuals that were in Cypress, or just people who have suffered through either hyperinflation, or there's a high demand for, in Argentina for instance, high demand 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 have actually already seen that.

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

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

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So we think about something like Ether an utility token, since you're basically buying programs power. So I wouldn't truly consider Ether a cryptocurrency, I would call them an utility coin. Okay. And there are other ones out there, to give individuals a concept, like a very basic one that I would imagine you 'd called an utility token, resembles FileCoin.

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

And you type of pointed out having this boots on the ground experience. Now, because we're taking a look at the bulk of these are probably energy based, fix? 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 believe the real chance lies in the energy coin area.

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There's all of these ICOs that were happening, those decreased a bit with some changes to a few things that was going on, but individuals are going to come out of the woodwork and start to develop utility coins- Correct, yeah. And people need to understand that not all utility coins are created equivalent.

So you have the benefit of devoting your profession to this, so you can go out there and do the recon, 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 different types of coins offered, practically 1,200 I think.

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

'Cause generally it'll crash 80% or two. Which's when we truly begin taking a look at the concept in more detail. So here are some quick and unclean things that you should take a look at, right? So, one is, are they solving a problem that requires to be resolved? Among the huge disadvantages with extremely clever, technical individuals, is that they like to resolve issues that nobody cares about fixing.

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Does the group have experience of executing in an effective way in another location of their life? And it doesn't even need to be straight related to cryptocurrency, it does not need to be even directly related to software, right? So, but I wish to see a track record of success in something, right? If it's 4 guys in a space that are simply out of college, unless they have actually got some really excellent advisors behind them, I'm most likely not going to give them any money.

Yeah. I believe that in marketing in general, my world of company, we constantly look for issues and how we can fix them. Now, are the problems things that people are attempting to resolve a part of the Blockchain usually? Or would you say it's much better if they're fixing kind 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 basically looking for solutions that, so I'll provide you an example.

And the reason that we purchased it is because they found a way to make documents 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 man that began it has a performance history of creating computer system programs that entire states run their entire operations on, right? So you've got all right, the clever guy has actually constructed big computer programs, excellent team, resolving a massive problem that is going to cut big expenses.

I suggest, it does not get any simpler than that in terms of deciding who to put cash behind. And a lot of this prevails sense, and a lot of folks will try to make things more complex than it is. And I have an actually simple guideline, Ryan. If I don't 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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