Episodit
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“Solve the real problems. What are the biggest problems people have? People are depressed, people are anxious, people are broke, people are unhealthy. We need to see more crypto projects in the biomedical industry.” - Tai Lopez
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Today, industries can hide behind closed doors.
But when blockchain technology is integrated, the mechanics of commerce are revealed. On a blockchain network, the entirety of user behavior is exposed. You can see the balance and activity of each member and detect where there is foul behavior.
On today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are taking a moment to recognize some of the benefits blockchain technology can bring to our society. From understanding the application to the biomedical industry to predicting how it will disrupt electricity, today’s conversation, today’s conversation has us thinking about the many different applications. Tune in to absorb these insights and apply them to your investment portfolio so you can accurately predict the future!
And don’t forget! You can also listen to The Bitcoin Crypto Mentor Mastermind Show on Spotify! Click “Follow” and let me know what you think!
“Out of the pool of 330 million Americans—is Donald Trump, or Hillary Clinton, or Obama—are these really the best? Blockchain can change that.” - Tai Lopez(click to tweet)
Points to Keep In Mind Most new tokens will be developed on top of the Ethereum platform When diversifying your investment portfolio, find assets that move in opposite directions Focus on the team when making crypto investments Bitcoin Cash moves in the opposite direction of Bitcoin The real trick to diversifying is finding things that are uncorrelated Always go after the unsexy businesses/coins There’s opportunity for influencer coins (ex: A Kim Kardashian coin that fractionalizes access to her brand/TV show) Many crypto projects are trying to solve problems people don’t know they have The biggest opportunity in crypto is in the biomedical industry Look at Power Ledger for an example of a crypto project doing social good There will always be a huge adoption curve to any platform-based technology -
“If you know what you don’t know, it’s better than not knowing what you don’t know.” - Dave Levine
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Don’t be attached to your ideas.
In a field like cryptocurrency, this will close you off to new information, preventing you from absorbing the knowledge of others. While an initial spike in your portfolio may have you feeling invincible with your investment thesis, it’s always important to stay open to outside education.
That’s why on today’s episode of The Bitcoin Crypto Mentor Mastermind show we are joined by Dave Levine to talk about many things crypto-related, particularly the value in Ethereum. Dave has committed his entire life to researching and understanding which coins deserve our attention. In this discussion, we hear his insights, the same ones that have helped him profit $700,000 in the past year investing in cryptocurrency.
Don’t forget! You can also listen to The Bitcoin Crypto Mentor Mastermind Show on Spotify! Click “Follow” and let me know what you think!
“The price can go up and down, but if you watch the fundamentals, and the energy is growing and the smartest people in the world are joining, then it will go up.” - Dave Levine(click to tweet)
Points to Keep In Mind Be careful of ‘analysis paralysis’ Nobody understands the entire landscape of cryptocurrency There are different models of decentralization Proof of stake requires less computational energy than proof of work Ethereum is like Shopify Blockchains are more valuable than coins because people build on top of platforms If a technology platform crashes, that’s actually a good thing Blockchain will revolutionize all industries: travel, political systems, supply chain, etc. Ethereum has transaction-growth of over 2000% in the past year Most companies building on top of the Ethereum technology Be skeptical of the companies that are just merely tweaking the consensus algorithm -
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Receding hairline? Go to forhims.com/tai to turn it around with your $5 trial! “You have to ask yourself, ‘Fundamentally, do I think the concept of blockchain and cryptocurrency will survive?’ And if you do, then the rest is all noise and nonsense.” - Tai Lopez
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An informed opinion is rare.
Most of us spend our lives firing from the hip, making decisions based off word-of-mouth or emotional chatter. Rarely do we sit down and take the time to research a subject, connecting the dots of fact inside our own heads. However, when we begin to do this, we start to make more nuanced investment decisions that not only provide higher returns but also a calmer peace of mind.
On today’s episode of The Bitcoin Crypto Mentor Mastermind Show, we are discussing the value of an informed opinion in the cryptocurrency space. Compared to other investment sectors, cryptocurrency has a particularly high level of noise. This makes it especially important to separate yourself from the chatter to conduct your own research and form your own opinion. Tune in to today’s discussion to learn how doing this will catapult you into a $100 million investment return!
And don’t forget! You can also listen to The Bitcoin Crypto Mentor Mastermind Show on Spotify! Click “Follow” and let me know what you think!
“If you don’t have mentors, you will fail. Or you will succeed 10 years later than you needed to.” - Tai Lopez(click to tweet)
Baldness is optional! Go to forhims.com/tai to remove it from your options. Points to Keep In Mind Taking into account dollar-cost average allows you to be less impacted by the price fluctuations Jeff Bezos is now worth $105 billion Learn how to properly evaluate the overall validity of the investment decision Remember journalists are always trailing the truth Don’t get your financial education from people who are selling clicks Wal-Mart just purchased Jet.com for $3 billion to compete with Amazon There is not widespread adoption of cryptocurrency yet; this means it is not too late to invest Figure out what avenues you can make money in, and then go down that path The average person does not save enough money to retire Do or do not, there is no try First, understand the potential investment and then make a decision and stick to it It’s okay to agree to disagree Learn by accumulating wisdom like a gold miner collecting gold Education can make you a living; self-education can make you a fortune What you know about investing is a predictor for happiness Read the 8-page whitepaper on Bitcoin Ignore 99% of the people, but listen to the 1% who know something Don’t judge something by the direction the price moves; examine the underlying thing instead No doctor visits and a full-head of hair. Go to forhims.com/tai to start your trial for $5. -
“In a way, ICOs are an evolution of crowdfunding. But they’re allowing for immediate liquidity.”
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Is the company actually utilizing the blockchain?
Or, are they just placing it in front of a pre-existing business model? Questions like this cut through the marketing noise found in most cryptocurrencies and tap into the core of the technology. When a cryptocurrency integrates blockchain technology in a way that has everyone benefiting in the network, it is worth your investment.
On today’s episode of The Bitcoin Crypto Mentor Mastermind Show, we are joined by a panel of experts to discuss the many different factors to consider when evaluating a cryptocurrency. From Greg Gilman of Science Blockchain to Reeve Collins of BLOCKv, this panel brings all perspectives to the table. Listen to today’s episode to learn what to look for when seeking out your next crypto investment!
And don’t forget! You can also listen to The Bitcoin Crypto Mentor Mastermind Show on Spotify! Click “Follow” and let me know what you think!
“Crypto does not have a working use case right now. It’s all speculation.”(click to tweet)
Points to Keep In Mind Platforms over tokens because tokens can be built on top of the platforms Be concerned about the team, more than the technology The coins with the most hype are the ones with the least focus on technology You won’t be invested in learning about crypto until you put money in it Studies show people value and retain paid information much more than free information Research who the team is, and why they’re building their ICO Always inquire about the terms of the deal, and whether previous investors were offered the same Evaluate whether the technology actually utilizes the blockchain technology, or just places it in front of something Buy Bitcoin and Ethereum for your first step into the market Look for tokens with high-quality commits on their GitHub repository Examine whether that’s part of the conversation on Telegram Seek out infrastructure-tokens like EOS, Dragonchain, Lumens, etc. Find tokens that are within your industries of interest You can be an expert on anything you spend your time on Be skeptical of the cryptocurrencies that are just gift cards to use the business Look for tokens where everybody in the network benefits from using itDownload the highest-rated podcast app Castbox for FREE here!
The Tai Lopez Show is produced and managed by Kast Media. Learn more at KastMedia.com
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“Cryptocurrency shouldn’t feel shady. It shouldn’t overwhelm people. It shouldn’t feel like, “God, I can’t figure this out.”
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The projects with the greatest hype are the ones you must stay away from.
This might sound counterintuitive; you’ve been given advice to invest in the coins with attention and news headlines because crypto is an emotional market. But the teams behind those tokens are spending their resources on marketing, not technology. And if the coin doesn’t have the technology to back up the hype, then it will ultimately drain your investment portfolio of any profit.
On today’s episode of The Bitcoin Crypto Mentor Mastermind Show, we are joined by a panel of experts to discuss all things related to cryptocurrency. From discussing the value of Telegram communities to the nature of financial markets, this discussion touches on every aspect of blockchain technology and cryptocurrency. Tune in to learn why only a small number of cryptocurrencies deserve your attention, so you know which tokens to focus on!
And don’t forget! You can also listen to The Bitcoin Crypto Mentor Mastermind Show on Spotify! Click “Follow” and let me know what you think!
“I wouldn’t buy anything that isn’t well-researched and picked by multiple experts.”(click to tweet)
Points to Keep In Mind Intelligent people are not passing information in crypto because they are ridiculed by the media Join Telegram groups to read the most relevant information about your cryptocurrency Read Flash Boys to understand the hierarchy of financial markets Cryptocurrency trading will only get harder and harder Everyone claims to be a genius when the market is bullish Check your ego when you’re explaining cryptocurrency to someone else Cryptocurrency is no different than financial markets in that the richest, most intelligent people skim a layer off the top The only way to not be a sucker is to hold Check your ego at the door when describing cryptocurrency to another person Don’t buy anything that isn’t well researched and picked by multiple experts The token should provide some sort of utility; and be more than just a funding source Read books about game theory Diversification is unsexy in a world built on 1000x returns You must be able to stomach a 60-80% lossDownload the highest-rated podcast app Castbox for FREE here!
The Tai Lopez Show is produced and managed by Kast Media. Learn more at KastMedia.com
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“The real good, intelligent marketers have singled in on that key word that differentiates the coin.”
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Cryptocurrency is a technically driven industry.
But the marketing is equally, if not more, important. Without a compelling story, your coin will blend into the hundreds of other coins being developed. This is why if you’re starting a company on the blockchain, you must give equal consideration to the branding of your ICO as you do the technology.
On today’s episode of The Bitcoin Crypto Mentor Mastermind Show, we are joined by multiple marketing experts to discuss the marketing strategies in the cryptocurrency space. From Neil Patel to Chris Sacca, these speakers cover everything from how to market your ICO to what your coin’s name should be. Tune in to understand crypto from this marketing angle, and apply the insights to your investment strategy!
And don’t forget! You can also listen to The Bitcoin Crypto Mentor Mastermind Show on Spotify! Click “Follow” and let me know what you think!
“A lot of entrepreneurs come to you with ideas and you’re like, ‘Nobody’s going to click on that’ I don’t care how much you spent on marketing; it’s not going to go.” - Tai Lopez(click to tweet)
Points to Keep In Mind When investing, ask yourself the question: will you buy the product? Everytime you make a PayPal transaction, 600 different parties can see your data Always try to have a unique story when marketing your ICO Try not to only accept investment from people who can also provide value Read Nick Bostrom’s Superintelligence 3 types of artificial intelligence: cyborgs, supercomputers, and collaborative intelligence All problems can be solved by collaborative intelligence If you give people value, they will come back for more Try to create a product to show investors Keep it simple and stupid when marketing your ICO When evaluating a problem, ask yourself if it’s something you wake up frustrated about Look at pre-existing businesses to adapt to the blockchain Know your audience Everything in life comes down to problem and solution Don’t fake it until it you make it; actually make it Make content and the people will come to you because there’s so much online buzz Be careful of the cryptos that aren’t ICO because they aren’t relying The SEC says that 100% of tokens are utility tokens Don’t fake it until you make it; actually make it Experiment often; your ego will tell you that you don’t need to -
“Crypto has ignited a movement where everyone is an expert. I’m worried it’s descending into a massive cult.” - Tai Lopez
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600 different different parties are alerted with each PayPal transaction.
This is the flaw in the modern banking system. Your most personal information is exposed to that many people instantly and without your knowledge. In a blockchain network, however, your assets are cryptically held safe amongst other users. This is why privacy is the most important piece of criteria to evaluate when judging a coin.
On today’s episode of The Bitcoin Crypto Mentor Mastermind Show, we are joined by crypto-expert Jacob to walk through the top coins right now. With Bitcoin’s price hovering around $7,000, it’s easy to focus on that and lose sight of all the other major technologies being developed. But when you start to evaluate privacy, you’ll learn about the newest coins in the market. Tune in to take your investment portfolio to the next level by introducing privacy coins!
And don’t forget! You can also listen to The Bitcoin Crypto Mentor Mastermind Show on Spotify! Click “Follow” and let me know what you think!
“The idea of a social network that would pay its users. That’s what would kill Facebook. Watch out for Steem.” - Tai Lopez(click to tweet)
Points to Keep In Mind Ripple is now worth $100 billion Learn to write the smart contract code for Ethereum Read Crossing the Chasm to learn about adoption curves Binance is now valued at over $1 billion Don’t forget to ask whether the coin makes sense or not Walmart has now reduced shipment tracking time from 7 days to 2.5 seconds using blockchain Be sure to dollar-cost average when investing Understand that nobody really knows anything in the crypto market Be sure to take your coins offline; Coinbase only protects their hot wallet Cardono is trying to be a better Ethereum, but doesn’t have a product yet Monero is the most privacy-focused cryptocurrency 600 different parties have access to your PayPal transactions -
“The fact that crypto has come in as an alternative puts pressure on the mainstream Federal Reserve and banks to do a better job.” - Tai Lopez
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There are 7.4 billion people on planet earth.
And that number is only continuing to grow. Population predictions have the world at 9.8 billion by 2050 and 11.2 billion by 2100. What this means for blockchain technology is more people in the networks and more brain processing power for whatever problem the technology is trying to solve.
On today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are discussing the current state of cryptocurrency and blockchain technology. At its core, blockchain technology is a type of artificial intelligence (collaborative), so we take most of today’s discussion to discuss just what is at the core of the human experience. By dissecting it to this level, we can extrapolate the features A.I. and blockchain must integrate to create a collaborative intelligence that harnesses the power of all 7.4 billion people on planet earth. Tune in to learn how blockchain technology will change the world and thus, why investing in crypto technologies can help your portfolio.
Don’t forget! You can also listen to The Bitcoin Crypto Mentor Mastermind Show on Spotify! Click “Follow” and let me know what you think!
“The problem with crypto is how it’s presented, ‘We’re gonna decentralize!’ ‘Bring applications to the blockchain!’ It’s like, what are you even talking about?” - Tai Lopez(click to tweet)
Points to Keep In Mind Think about your regrets enough so you won’t repeat them Try to split your time thinking about the past, present, and future You should allocate 33.3% of your thought to each Beware of perverse incentives, as Charlie Munger says If built properly with the right ecosystem around it, a machine has no incentive You can buy Tesla with Bitcoin The definition of emotional intelligence (EQ) is ability to read others’ emotional states Read Descartes' Error to understand human emotion Beauty is rooted in how many genetic mutations you underwent in the womb Narcissists don’t like to be criticized The 6 attributes of narcissism: authority, self-sufficiency, superiority, exhibitionism, exploitativeness, vanity, entitlement Genetics is related to behavior more than people think Neuroplasticity is the brain’s ability to change over time The mark of an intelligent person is how simply can he/she explain something Be skeptical of the theory that the customer is always right Narcissists are reluctant to take the blame for problems In game theory, extremes in society tend to lose Machiavellianism is sneaky, two-faced, manipulative; linked to being bullied as a child Characterized as people who pursue in an interpersonally exploitative strategy Read The Selfish Gene by Richard Dawkins to understand the theory of natural selection Narcissism is a sense of entitlement and skewed value of others vs. value of themselves (welfare-tradeoff ratio) Try to make your brand story stand out Ask questions to strangers where you learn their story -
“The number one key success factor in crypto is not connections, not intelligence, not money. It’s taking action.” - Trevor Koverko
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It’s no secret that money breeds ego.
And it’s also no secret that ego clouds your vision. So the question becomes: how do you stay humble while getting rich? In the cryptocurrency space, this is particularly important, as many have come upon instant wealth. Using humility as a filter can help you isolate the true crypto players from the fakes, as their vision will tend to be clearer.
On today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are joined by Trevor Koverko, the founder and CEO of Polymath. While Trevor has made a fortune in the crypto space, his vision for crypto is beyond the get-rich-quick scheme. The technology behind Polymath removes the barrier of entry for people to create their own security token. He sees the future of crypto as one where things like the education system can be solved.
“The trick is to find a vertical, find out who is the leader in that vertical, and then bet on them.” - Trevor Koverko(click to tweet)
Points to Keep In Mind To be successful in business/crypto requires being good at 2 things: fundraising and hiring Toronto is the crypto Silicon Valley; Ethereum was founded in Toronto and made 1,000 millionaires Polymath wants to be the Ethereum for security tokens Removes the barriers for you to create a token Look at app stores to see how many blockchains the market can handle (2) Evaluate the team when researching a token Litecoin is the petri dish to see what technology is successfully experimenting Beware of the cult-followers inside the cryptocurrency Research Neil Patel’s Capitvate to see decentralized peer-to-peer audience exchange Check out Aion for a technology that allows blockchains to talk to each other Those who took action have risen with the tide of crypto Most of the things that are fixable in our lives are people problems Education is the biggest opportunity for crypto Try to surround yourself with the humble crypto players Crypto is a great way to gain capital for you to run your business -
“One of my mentors told me, “Never be the first or last to try a new idea.” If you’re first, you might get burned. And if you’re last, you’ve missed the trend.” - Tai Lopez
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Your idea is useless if nobody knows about it.
And in a space like cryptocurrency where there is so much noise and competition, marketing becomes of utmost importance. If you don’t take your marketing seriously, you will implement outdated philosophies and get lost in the crowd with the rest of the players.
On today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are discussing how to market your crypto ideas. While many thing it’s just the white paper and website, there are many other marketing avenues for crypto technologies. In this talk, we not only unpack those mediums but describe the elements that must be embedded in each to maximize the engagement in the audience. Tune in to learn these marketing principles so you can either take your ICO to the next level or know which companies are legitimate players!
Don’t forget! You can also listen to The Bitcoin Crypto Mentor Mastermind Show on Spotify! Click “Follow” and let me know what you think!
“The core philosophy is what works better: centralized or decentralized systems?” - Tai Lopez(click to tweet)
Points to Keep In Mind Accelerate your learning by surrounding yourself with people who are smarter than you Understand that 90% of all startups fail Most entrepreneurs fail because they don’t have the daily routine down Don’t be afraid to kill business ideas that are not succeeding Warren Buffet says, “Only when the tide goes out do you discover who has been swimming naked” Jeff Bezos is the richest man in history, recently valued at a net worth over $120 billion Use common sense when marketing your crypto ideas Ethereum is the platform most ICOs are being built on top of Read The Four by Scott Galloway Watch out for privacy-based coins as people want more anonymity Look out for when the real estate industry is fractionalized and put on the blockchain Studies show 9-month old babies look at human eyes Remove all ‘cliche-speak’ from your marketing materials Establish your authority on your website Don’t use large logos and stock photography Embed case studies that show the effect of your product -
“2018 will be the year of the privacy coin because people want anonymity.” - Howard Marks
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The whole purpose of cryptocurrency is to move away from the government.
But as the crypto space grows, we are starting to see corruption grow. With 70-80% of all crypto transactions happening in Asia, many of which are the products of bot-farms, artificially generated price inflation is becoming a reason for concern.
On today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are joined by Chris Smith, Howard Marks, and Alex Mehr to discuss the intricacies of the crypto space. Howard is the co-founder of Activision and founder of Start Engine LA, and Alex is the CEO and Founder of Mentorbox and former CEO of Zoosk, an online dating platform with over $1 billion in sales. Tune in to hear these tech gurus and crypto investors discuss the next phase of crypto and apply their insights to your investing strategy!
Don’t forget! You can also listen to The Bitcoin Crypto Mentor Mastermind Show on Spotify! Click “Follow” and let me know what you think!
“Imagine if we become bigger than Nasdaq and the New York Stock Exchange combined. Now that’s progress.”(click to tweet)
Points to Keep In Mind VCs are complaining about inflated prices This is the effect of the rise in crypto Crypto makes things global, rupturing our way to think about it in a box 80% of all crypto transactions come out of Asia There are bot-farm companies in Asia that pump up the price The security exchanges are telling crypto companies to join their tent This regulation will allow the investor to make a truly informed decision Most projects don’t get done because the team can’t actually fix the problem they're trying to solve Check out Bancor to see a coin solving liquidity Satoshi Nakamoto’s intention was to put wealth into the common man Look for projects that are simple in nature Separate the execution from the idea of a crypto project Understand the power of blockchain beyond the making money aspect 70% of people do not like their lives Blockchain will change the division between the ‘haves’ and ‘have-nots’ Check out M-Pesa to see how Bitcoin makes its way into Africa -
“What if we had a rational currency where nobody or no government could print more? That was the basis of Bitcoin.”
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Blockchain will save the world.
We hear this a lot in our crypto conversations. The overeager blockchain enthusiast is quick to say that every problem will be solved by this technology. Whether or not that’s true is beside the point; what we do know is that the blockchain will continue to cheapen the cost of financial transactions, saving both you and the whole world money.
On today’s episode of The Bitcoin Crypto Mentor Mastermind Show, we are at the Affiliate Summit to talk about all things related to cryptocurrency. From empowering the bottom 2 billion people living in poverty to easing banks’ transfer of money, the blockchain technology will revolutionize the global financial system. Because of this, you as the individual will also save money. Tune in to hear the mechanics of how this will happen.
And don’t forget! You can also listen to The Bitcoin Crypto Mentor Mastermind Show on Spotify! Click “Follow” and let me know what you think!
“If I paid you more money next year, you’d think you’d be making more money. But if it buys less, you’re actually not. This is quantitative easing.”(click to tweet)
Points to Keep In Mind Banks saved $6 billion by developing their own cross-border cryptocurrency Be skeptical of what pharmaceutical companies say Quantitative easing: the introduction of new money into the money supply by a central bank The U.S. National Debt exceeds the GDP The GDP cannot grow faster than debt grows The basis of Bitcoin was: what if we had a rational currency where nobody or no government could print more Bitcoin is to the financial system as what DOS is to the computer industry The largest slum in Mumbai actually produces $300 million in finished goods a year Bitcoin would take this value out of the loan sharks’ hands Government regulation is not a bad thing It’s illegal to buy oil with any currency other than U.S. dollars -
“Develop the tools and technology to empower people to be in control of their lives.” - Anthony Diiorio
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A racing mind can’t innovate.
If your inner monologue is constantly leapfrogging from thought to thought, how will it ever cut beneath the surface? Counterintuitively, a slow mind is much more capable than a fast mind. It has the ability to pierce through the noise because it’s undistracted by it.
On today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are joined by Anthony Diiorio, a cofounder of Ethereum, and also the CEO & Founder of Decentral & Jaxx. Anthony discovered cryptocurrency in 2012, when Bitcoin’s price was just under $10, and has forged a career in the space since. In this interview, Anthony talks about how he approaches mindfulness and innovative thinking. Tune in to apply these insights to your crypto mindset or any type of entrepreneurial venture in your career!
Don’t forget! You can also listen to The Bitcoin Crypto Mentor Mastermind Show on Spotify! Click “Follow” and let me know what you think!
“All this stimuli bombarding our mind is so taxing. If you can slow down and breathe, walk slow and talk slow, that will help balance things.” - Anthony Diiorio(click to tweet)
Points to Keep In Mind Try to develop the tools and technology to empower people to be in control of their lives Crypto technology will enable people to get the control back in tehir lives If you’re feeling depressed, stop thinking about yourself and be of service to people Be aware of your mind becoming exhausted by the constant stimuli in today’s society To combat this, try waking up early before everyone is reaching out to you Take walks, breathe slowly, and meditate -
“The paradigm is shifting where Google and Facebook won’t control your identity. You will decide how it’s monetized.” - Anthony Diiorio
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A passion for cryptocurrency is a passion for truth.
So much is behind closed doors in the fiat currency model. The national governments can print more money whenever they want, putting the surplus into circulation to create inflation. With cryptocurrency, the entire network of transactions is exposed. And someone who has a passion for this model has a passion for truth.
On today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are joined by Anthony Diiorio, a cofounder of Ethereum, and also the CEO & Founder of Decentral & Jaxx. Anthony discovered cryptocurrency in 2012, when Bitcoin’s price was just under $10, and has forged a career in the space since. In this interview, Anthony talks about everything from the future of cryptocurrency to how to find your path from a set of passions and interests. Tune in to apply these insights to your crypto investing strategy or any path in your career!
Don’t forget! You can also listen to The Bitcoin Crypto Mentor Mastermind Show on Spotify! Click “Follow” and let me know what you think!
“Most people don’t understand crypto right away because they don’t have sound economic thinking and an understanding of money theory.” - Anthony Diiorio(click to tweet)
Points to Keep In Mind Most people don’t understand crypto right away because they don’t have sound economic thinking and an understanding of money theory Coinbase also acts as a bank by holding your money in a centralized location You can theoretically lose your money on Coinbase The paradigm is shifting where Google and Facebook won’t control your identity You will decide how it’s monetized With Jaxx, the users are the only ones with access to the keys The humble get rewarded; you don’t need to be mean to make money You have to find something to live for Take care of yourself with meditation, yoga, eating healthy, etc. -
“Crypto is one of those rare situations where you want to risk more than you’re generally comfortable with.” - Dan Fleyshman
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To understand cryptocurrency means understanding all aspects related to it.
So when someone asks you what the blockchain is, you should have as thorough of an answer as which coins to invest in. How you obtain this thorough education is through continued self-education.
That is why on today’s episode of The Tai Lopez Bitcoin Crypto Mentor Mastermind, we are reviewing this week’s highlights. From Amith Nirgunarthy taking us through the powerhouse EOS to Frank Bernstein predicting the future of Bitcoin, today’s insights span across many different domains of cryptocurrency. In this comprehensive education you will be able to take your investing strategy to new heights. Tune in to start now!
Don’t forget! You can also listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!
“I would put my Bitcoin on someone creating something better than Bitcoin someday.” - Franky Bernstein(click to tweet)
Points to Keep In Mind 90% of startups fail because they run out of money This is not the case with cryptocurrency It’s okay to gamble more than you’re comfortable with with cryptocurrency investments Don’t take out loans to invest in crypto The smartest people can argue the opposing opinion better than their own Ethereum was created because it was very complicated to build decentralized applications on top of Bitcoin The majority of ICOs (initial coin offerings) are being built on top of Ethereum The fundamental problem of Bitcoin is you can only make 7 transactions per second Dash is an anonymity-based coin, has a very active code and community In India, developers are flocking to Eos for the code efficiency There are less politics in Eos than Ethereum Quantum computing is the realest threat against cryptocurrency Proof-of-stake is where you stake your coins in the validation in the network This is essentially putting your money where your mouth is Read The Byzantine Generals’ Problem to understanding the need for mining (how people are incentivized to behave in an ethical/similar way) Blockchain is a distributed database that records all transactions that occur across a network What the Internet still lacks is the ability to seamlessly transact value The trust-network on a blockchain makes it so you don’t need to rely on third parties -
“Proof-of-stake is where you stake your coins in the validation in the network.” - Jeremy Gardner
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Mining isn’t as complicated as people make it out to be.
With each Bitcoin transaction, miners are given the data they need to validate the exchange. After completing the necessary math, they can approve or validate the flow of Bitcoin. There are different models of how this works: proof-of-stake, proof-of-work, and delegated proof-of-stake.
On today’s episode of The Tai Lopez Show, we are joined by Jeremy Gardner, founder of the decentralized prediction blockchain Augur, to talk about the proof-of-stake model. At a market-cap of $300 million, Augur is said to be the most undervalued crypto-project in Silicon Valley. Jeremy is 25 years old and the brains behind the popular San Francisco ‘Crypto Castle.’ $11 billion is the total value of companies he’s involved in, and his depth of crypto-knowledge is something we can all learn from. Today, we are fortunate to apply his insights about mining to our crypto investment strategy.
Don’t forget! You can also listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!
“Bitcoin is the first Byzantine fault tolerant e-money, where it’s totally distributed and everybody has an incentive to behave in an ethical/similar way.” - Jeremy Gardner
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Points to Keep In Mind Asic is the chip used in mining You can’t make good money in mining Cryptocurrency will evolve past the proof-of-work Proof-of-stake is where you stake your coins in the validation in the network This is essentially putting your money where your mouth is Read The Byzantine Generals’ Problem to understanding the need for mining (how people are incentivized to behave in an ethical/similar way) -
“It’s only a matter of time before all Facebook’s features and functionality get written on the blockchain, so instead of Facebook making billions a year, we as the users make money.” - Amith Nirgunarthy
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Facebook is worth $350 billion.
And all of its information is ours. We upload our most personal life details, photos and statuses, to the platform, for which Facebook can then turn around and sells the data to ad-buyers. In the future, when a blockchain-based Facebook enters the market, we the users will be compensated for our contribution to the network.
On today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are joined by Amith Nirgunarthy, the Founder and CEO of the cryptocurrency research institution Blockstreet, to discuss this possibility. Amith is also the former Director of Marketing of Bitcoin IRA, and he specializes in understanding all things cryptocurrency. Tune in to learn his insights on how social networks will connect with blockchain technology.
And don’t forget! You can also listen to The Bitcoin Crypto Mentor Mastermind Show on Spotify! Click “Follow” and let me know what you think!
“Bitcoin is a better store of value than gold. Any time, any day, any place.” - Amith Nirgunarthy(click to tweet)
Points to Keep In Mind The biggest threat to cryptocurrency is quantum computing, the ability to break code Dash is an anonymity-based coin, has a very active code and community In India, developers are flocking to Eos for the code efficiency There are less politics in Eos than Ethereum Right now, it is near impossible to hack a private key Trezor over Ledger because it’s easier to set up Go to Bitcoin Talk Forum to see Satoshi Nakamoto's original posts Any coin you invest in, join the Telegram group A blockchain technology (like Steem) would eliminate Facebook’s ability to profit off the people’s information; instead the people would be paid for their info -
How To Beat Algorithmic Trading: Top 3 Coins with Franky Bernstein
“The reason Ethereum is so great, why the price of Ether is so high, is because the majority of people ICO’ing are building on top of the platform.” - Franky Bernstein(click to tweet)
Algorithmic trading can’t lose.
It mines the billions of pieces of data to make the best investment decisions possible. But there are ways we can outperform it. By doing sentiment analysis, analyzing the emotion behind each cryptocurrency, we can see things that the computer cannot. Leaning into this innately human perception will yield enormous returns.
On today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are joined by Franky Bernstein of Markett. Franky’s expertise spans across many digital technology domains, and his knowledge on cryptocurrency is profoundly insightful. He specializes in understanding how harnessing the power of digital technology like cryptocurrency can lead to better business and more wealth. Today, we hear his thoughts on the best coins to look out for. Take note and apply them to your investment portfolio!
Don’t forget! You can also listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!
“I would put my Bitcoin on someone creating something better than Bitcoin someday.” - Franky Bernstein(click to tweet)
Points to Keep In Mind The best application of Bitcoin are dividends Blockchain is the next technology wave, can be applied to every technology The utility value of Bitcoin is much higher than gold If it’s roughly twice the utility value of gold, then the market cap of crypto is $14 trillion The smartest people can argue the opposing opinion better than their own Ethereum was created because it was very complicated to build decentralized applications on top of Bitcoin The majority of ICOs (initial coin offerings) are being built on top of Ethereum The fundamental problem of Bitcoin is you can only make 7 transactions per second When evaluating cryptos, research the founding team and read the whitepaper -
“Crypto is one of those rare situations where you want to risk more than you’re generally comfortable with.” - Dan Fleyshman
(click to tweet)
Investing without a strategy never works.
Aimlessly throwing money into the cryptocurrency space will not yield the profits you want to see. You’ll be spinning your hamster wheel searching for answers with each turn of the market. Instead, you must enter the investment space with a specific strategy to prevent this from happening all together.
On today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are joined by Dan Fleyshman to discuss the 40/40/20 investment strategy. Since first investing 4.5 years ago, Dan has closely followed the crypto market. He installed the first Bitcoin ATM into a casino, and knows the ins and outs of everything crypto-related. This is an excerpt from the Paid Tai Lopez Bitcoin Mentor Mastermind program. To hear about the Dan’s other recommendations, sign up at tailopez.com.
Don’t forget! You can also listen to The Bitcoin Crypto Mentor Mastermind Show on Spotify! Click “Follow” and let me know what you think!
“The amount you invest should be a portion of your liquid net worth. Not your total net worth.” - Dan Fleyshman(click to tweet)
Points to Keep In Mind The amount you invest should be a portion of your liquid net worth Note this is not your total net worth 90% of startups fail because they run out of money This is not the case with cryptocurrency It’s okay to gamble more than you’re comfortable with with cryptocurrency investments Don’t take out loans to invest in crypto Ethereum has a bigger upside than Bitcoin The Ethereum alliance allows Fortune 500 companies to accept Ether Alt coins are your shot at glory -
“The business of moving money has been around for a very long time. That’s how the Rothschilds got all their money. That will always be a profitable business.” - William Duplessie
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Trading Bitcoin on Coinbase can get old.
That’s why we need to be researching new currencies and understanding how alternative exchanges work. Without self-educating, we become stuck in the hardwiring of an outdated investing strategy, which is a sure-fire spiral into losing everything you’ve gained during this first crypto surge.
On today’s episode of The Tai Lopez Show, we are joined by cryptocurrency-expert, William Duplessie. William is an Associate at Science Blockchain, and his deep understanding of digital currency spreads across many domains. As he says, it’s all he “eats, sleeps, and breathes.” And in today’s episode, we are fortunate to learn his strategies on making sense of today’s crypto-world.
You can listen to the full interview at the Bitcoin Crypto Mentor Mastermind show and don’t forget you can also listen to The Tai Lopez Show on Spotify! Click “Follow” and let me know what you think!
“Bitcoin was designed to suck paper money out of the ecosystem.” - William Duplessie(click to tweet)
Points to Keep In Mind Bitcoin was created by Satoshi Nakamoto Nobody knows who he is Bitcoin was designed to suck paper money out of the ecosystem Steem stopped accepting Bitcoin payment because it costs $20/transaction Bitcoin is designed as a cyber gold bar; to store value Bitcoin Cash solves a lot of problems inherent in Bitcoin Follow Stellar founder Jed McCaleb Eos has a serious chance at being the first scalable blockchain The business of moving money will always be a profitable business How the Rothschilds got all their money Ethereum’s network is much cheaper and faster than Bitcoin because of the Metropolis update - Näytä enemmän
