The Tai Lopez Show

“Who knows what the fundamentals are? This isn’t traditional trading. You can’t be a value investor in the way you can on Wall Street.” - William Duplessie

(click to tweet)

Making money from cryptocurrency is daunting.

Sure, you can create an account on Coinbase, do the the traditional Bitcoin buy, and watch the money trickle into your account. But to maximize the opportunity that exists right now with crypto requires extensive education.

Even then, distilling data charts and juggling the news articles is an enormous to-do. From market cap to total volume, making sense of these numbers and conducting the additional qualitative research can send an eager investor into a spiral of not knowing what to think.

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!

“You don’t ever want to risk more money than you can afford to lose. And you really want to be educated before you trade cryptocurrency.” - William Duplessie

(click to tweet)

Points to Keep In Mind

  • Mining technology is transforming the cost to run cryptocurrency (a million dollars a day used to be spent on computing power)
    • Eos will be the first scalable blockchain because of it uses proof of stake, not proof of work
  • Beware of cryptocurrency ponzi schemes (Ethereum cash)
    • These are bad players taking advantage of a new industry, but will slowly disappear
  • George Soros almost bankrupt England with arbitrage tactics
  • Don’t ever invest more than you can afford to lose
  • Be educated when trading]
  • Steem is a decentralized Reddit (get paid to make good content)
  • Be careful of any cryptos under 100 Bitcoin of volume
  • This is unlike any other market because the people closest to the news aren’t mainstream outlets (use Telegram app for leaks)
Direct download: Tai_Lopez_-_12-26-17_-_FINAL_MIX_1.mp3
Category:general -- posted at: 2:00am PDT