It went from cents to a hundred and modification, and then back to like, five bucks, and now it's got over a half a trillion market cap. Yeah. So what you'll see is a comparable situation with Bitcoin. Now we likewise saw Bitcoin go from cents to $1,200, pull back to $200.

It's now in its expression of entering into its mainstream stage. Now, in order for it to be a currency, you're right, the volatility needs to diminish considerably. And it can't lessen greatly up until it gets really above a trillion market cap. Okay. So the concern is, what takes it to a trillion market cap if it can't be used as a currency? And it will be speculation that gets it there.

And what I'm trying to figure out is, are you more just put something in, if there's a pullback, put some more in. Yep. If it draws back even further, take a look at your position sizes. If it makes sense, possibly purchase once again. But don't get too captured up in the plus green balance in your account, or the minus red balance, you know? Because- Yep, 100%.

You will see a 50% pullback in Bitcoin eventually. Now we might go to $15,000 initially, before that next 50% pullback. But you will see one. So put your half position on, wait for the very first 50% pullback, put your other position on, and strap in for the trip, 'cause it's going to be awesome.

Yeah. Which leads me to emotion. I trade alternatives myself, also, and for me, stock trading and particularly alternative trading, fits my character profile. I'm really unemotional; I'm disciplined, I try to find the best, and then go into the better. I'm really strategic about it. But the average individual as we understand, is reactive, when it pertains to investing, they wish to buy Amazon when it's now trading over $1,000, and they wish to sell it when it's at $800, and buy it back when it's at $1,200.

And I look at the same challenge with cryptocurrency, other than I see it on a more severe level, because it has an even larger FOMO mentality. Where individuals have this fear of losing out, they think, I could have purchased Bitcoin at pennies, and if I would have bought $100, I 'd have $70 million or whatever, you see these short articles all the time.

That was most likely not great." And I had actually done that several times in these much lower numbers. But back then these were revenues, right? These were real revenues. And who knew that it 'd be $5,000, $6,000, $20,000, whatever. So there is even a few of this internal FOMO of like, what's the next one? Oh, I have actually got to find it.

And beyond position sizing, how do you encourage the folks that you inform about cryptocurrencies to protect themselves from this FOMO, emotional spiral that can occur? Yeah, so again, a great deal of the time, every other week I put out a video, and I talk a lot about rationality, being rational.

On our journey to developing wealth, it's not the government or somebody else or our parents who are holding us back, right? It's all up in here. Due to the fact that money does not care what color you are, it does not matter what school you went to; it doesn't care if you check out well, or if you are great looking, or if you are unsightly.

So we bring all of our own drama to a creation of wealth. So some of the important things that I do to help us secure ourselves from that is diversification, to be humble sufficient to state, "Look, I might recommend an idea that might go to zero." Therefore we require to be diversified, and the other thing that we do is we use something called consistent position sizing.

So I'll give you a prime example. I advised a very, very small cryptocurrency previously this year at 13 cents. And I stated, "Look, if you're a little player, probably put $200 to $400, maybe $500 max in it. And if you're a bigger player, you can put $1000 into it." And so that specific coin went to as high as $50.

Yeah, yeah. Right? So, I'm not going to state that every single concept I take a look at does that. There are some ideas that haven't worked out. But when you have a portfolio of ideas, and you use consistent position sizing, a couple of things occur. One, you're going to get lucky, ideal? You're going to have a couple of trades that are simply amazing.

Even if you have ten ideas with $500 each in, $5,000, for many people, they lose $5,000, if whatever went to zero, yeah, it's gon na draw. It's not enjoyable. But it's not going to put you in the poorhouse, right? You're not going to be sitting beyond Grand Central Station with your hat in your hand asking for burger cash.

Because of the charm here Ryan, you understand I get passionate about this, you've got to forgive me, however the beauty here is we're so early. Mm-hmm (affirmative). We're so early, that we do not need to be that brilliant, right? We have to be bright adequate to have a core portfolio of excellent names, to have rational position sizing, and then be brilliant adequate to do absolutely nothing but wait.