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So, a lot of people discover that too inconvenient, which's why the people that are actually making the most amount of cash today in cryptocurrencies are the early adopters: individuals that are ready to put in perhaps the 20 minutes required to go through a procedure which simply takes 5 minutes if you wish to set up a brokerage account (how to invest in blockchain technologies).

" Oh Teeka, we like your ideas, however gosh, setting up a crypto account is so hard." What I tell them is I say, "Look, when it's easy as going to your Fidelity account, Bitcoin will be $20,000 a coin," right? The entire cryptocurrency market will be 10x bigger. So you're actually truly earning money an enormous amount of money to go through perhaps, you understand, 20 minutes of a nuisance.

So you can't buy Bitcoin yet through their trading platform, however it is simply a question of time, Ryan, prior to you'll have the ability to purchase cryptocurrencies straight through your trading software. And can you imagine what will occur to this entire marketplace when buying Bitcoin or any cryptocurrency is as simple as firing up your e-trade, or fidelity tradings platform (how to invest in blockchain).

Today you mentioned the procedure that individuals go through, and one thing I desire to expose too that you didn't discuss, however I understand a lot of folks who have problem with this too, is oh, and by the method, you can just buy $1,000 a week. Or you can only buy $500 a week.

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As hard as possible, right, like Coinbase. It 'd take me permanently prior to I could start purchasing in size on Coinbase. They resemble, well, we'll let you buy $500 a week, Teeka. how to invest in blockchain stock. 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 pack a page.

Even when AOL came on board, and you 'd call AOL, and you 'd be on hold for 90 minutes (how to invest in blockchain stocks). I indicate, we remain in the early days of that technology, but similar to during that period of time, for the folks that had the vision to see where the future was going, and then bought in on a few of these young business, they made an absolute fortune.

Mm-hmm (affirmative). And let's take an action back for a second, due to the fact that I'm constantly curious to speak to people who are, especially someone like yourself, who's committed the last, you know, the lion's share of the last couple of years to actually go both feet in on this. How do you describe cryptocurrency to like a typical person? That's a fantastic concern (how to invest in blockchain technologies).

They're 2 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. Therefore what provides it value is that it is, there's only going to be a limited quantity. There'll never ever 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 take a look at that Bitcoin network, individuals constantly attempt to hack it. However due to the fact that of the nature of the network, today it's been unhackable. And actually, with current technology, the Bitcoin network is so huge today, you can't co-opt it, you can't take it over.

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

Yeah (how to invest in blockchain ico). Or individuals that remained in Cypress, or simply individuals who have 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 possibly be a driver for more adoption, because they currently do not think in their own currency? Yeah, and I think we've 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 - how to invest in blockchain technology. They're like, "Well I do not require Bitcoin, I have money." Well yeah, you're right, you've got a stable 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. Therefore there's this whole burgeoning international demand for cryptocurrencies. So anyhow, that's one coin, cryptocurrencies, and there's a whole 'nother coin called energy coins. And utility coins are generally used, let's say Ethereum, which a lot of people learn about Ethereum (how to invest in blockchain startups). Ethereum is essentially an international computer that you can compose computer programs for and run computer programs on a worldwide decentralized computer system program.

So we think about something like Ether an energy token, because you're basically purchasing programs power. So I wouldn't truly think about Ether a cryptocurrency, I would call them an energy coin. Okay. And there are other ones out there, to give individuals an idea, like a very easy one that I would picture you 'd called an energy token, resembles FileCoin. how to invest in blockchain.

Where the idea is that generally you're hosting files through a peer-based network, and there's kind of this very same kind of network effect that you have with Bitcoin, where it's like unstoppable example, because it's on many different areas and. I don't understand the ins and outs of it, but as an example for somebody who might simply be very fundamental in their understanding of this, there are many various types of energies that are offered. how to invest in blockchain without buying bitcoin.

And you type of discussed having this boots on the ground experience - how to invest in blockchain. Now, considering that we're taking a look at the bulk of these are probably utility based, correct? Mm-hmm (affirmative). how to invest in blockchain startups. The majority of the coins that I suggest and look at are utility-based. We have a couple of cryptocurrencies, however I think the genuine opportunity depends on the energy coin space.

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There's all of these ICOs that were taking place, those decreased a bit with some changes to a few things that was going on, however people are going to come out of the woodwork and start to develop energy coins- Correct, yeah (how to invest in blockchain). And people require to comprehend that not all energy coins are produced equal.

So you have the benefit of dedicating your profession to this, so you can head out there and do the recon, you can satisfy the creators, you can check the code, etc. However for an average person, there's now what, over 1,000 various kinds of coins available, practically 1,200 I think. how to invest in blockchain technology.

How do they do that? That's a fantastic concern. I will state that 95% of ICOs are either deceptive or simply bad concepts. Okay. Right? There's absolutely nothing worse than somebody that's young, earnest, with a dreadful concept, that someone provides $40 million to. Right? Yeah, totally (how to invest in blockchain technology). So yeah, so I do not truly get involved in lots of ICOs, and I suggest you probably side step that market, unless you've 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% approximately. And that's when we actually begin taking a look at the idea in more detail - how to invest in blockchain without buying bitcoin. So here are some quick and filthy things that you should take a look at, right? So, one is, are they solving a problem that requires to be solved? Among the huge drawbacks with extremely wise, technical people, is that they like to resolve problems that no one appreciates resolving.

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Does the team have experience of executing in a successful manner in another location of their life? And it doesn't even have to be straight related to cryptocurrency, it does not need to be even directly related to software application, right? So, but I want to see a track record of success in something, right? If it's four guys in a space that are simply out of college, unless they've got some really excellent advisors behind them, I'm probably not going to offer them any cash. how to invest in blockchain without buying bitcoin.

Yeah. I believe that in marketing in basic, my world of organization, we continuously search for problems and how we can solve them. Now, are the problems things that people are attempting to solve a part of the Blockchain normally? Or would you say it's better if they're resolving 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 generally searching for services that, so I'll offer you an example.

And the factor that we purchased it is due to the fact that they found a method 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 producing computer system programs that entire states run their entire operations on, right? So you have actually got all right, the wise man has actually built huge computer system programs, fantastic group, solving a massive issue that is going to cut big expenses.

I indicate, it does not get any simpler than that in terms of deciding who to put money behind - how to invest in blockchain. And a great deal of this prevails sense, and a lot of folks will attempt to make things more complicated than it is. And I have an actually simple guideline, Ryan. If I do not understand something, I put up my hand, and I say, "I didn't understand what you simply said." Mm-hmm (affirmative).

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And then if the person that you're talking to can't dumb it down enough where you understand it, then it's most likely not a good concept. Right, right. It's going to be simple to understand. And do you feel that you have years of experience evaluating business and looking at much, much larger companies.

Ryan: So you have actually taken a look at companies that are big companies, you've assessed much bigger marketcap type situations. Do you feel that that experience has assisted you? Or are we in such, sort of the infancy, that as you pointed out, it is practically just sound judgment. You simply have to type of take a look at it and think logically about what's going on, and pull the feeling out? You need to pull the emotion out, and there are no conventional metrics that you can take a look at.

Okay - how to invest in blockchain technologies. What I can use that I gained from working on Wall Street throughout three years, is how to read individuals. I have actually met 10s of thousands of people throughout my profession. I've satisfied experts; I have actually satisfied fund supervisors, I have actually satisfied stock promoters, I have actually satisfied all these different types of characters along the method.

So I believe that's probably among my super powers, if you will. And if you have actually got a good BS detector, you must listen to it. Okay. You should absolutely listen to it (how to invest in blockchain). If I'm taking a seat and I'm talking with somebody, and they've got all the bonifides, but you know, there's simply; 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 look at. Yeah, there's too much chance. Yeah. how to invest in blockchain technology. And speaking of opportunity, you understand, you sort of discussed at the start, Bitcoin and Ethereum, many people have heard of these 2, especially Bitcoin, because it appears like it remains in the news all the time, something or the other.



Have they missed out on the boat on Bitcoin? Bitcoin is trading practically upwards of $6,000 just recently; it's come up from say $3,000 not too long earlier, it's quite unpredictable. Do they sort of await 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 understand? Yeah that's a great question.


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