Wen Lambo Crypto Podcast

“The difference between Bitcoin and gold is we know how much Bitcoin there is. We don’t know how much gold is out there.” - Dan Maverick

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The crypto conversation is heating up.

With Bitcoin hovering around $14,000, experts and naysayers are at a standstill. When will it shoot back to where it was? Why is it floating in this price range now? Some say it’s a bubble, others say the rest of the crypto market is just taking time to follow its lead. Regardless, we all need to figure out how to get one step ahead of the market.

That’s why on today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are taking the time to review some of this week’s highlights. With Las Vegas hosting CES, we were able to get in contact with some of the best crypto experts in town. Tune in to take your learning to the next level!

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 U.S. Dollar has lost 99.2% of its value over the last 200 years because of inflation and mismanagement. That’s impossible with cryptocurrency.”

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Points to Keep In Mind

• XRP still works with the centralized institutions
• Take 20% of your profits off the table to cover your back
• Bitcoin has trudged through bad press, hacking threats, etc., bigger than anything anyone can stop
• Hyperinflation causes the USD to go down in value, but that is impossible with cryptocurrency
• The difference between Bitcoin and gold is we know how much Bitcoin is in the world
• • We don’t know how much gold there is
• It takes intense heat, a supernova, to make gold
• Crypto market cap is approaching $1 trillion (right now, around $800 billion)
• In delegated proof-of-stake everyone can own it and less responsibility is on the miners
• • Network can vote out witnesses
• Fear is based on not understanding something
• Ethereum should fork to a proof-of-stake
• For physical wallets, have a backup placed in another location
• • Options: Trezor and Ledger
• Use 2-Factor Google Authenticator, or something better
• • Never use SMS authentication

“Ask a millenial what they think about gold when you put it in their hands for the first time. They’ll say it means nothing to them.” - Dan Maverick

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Crypto conversation can get exhausting.

Each person trying to disguise his/her opinion as fact. ‘Experts’ hiding behind big words and long-winded, hedging analyses. People, overall, like to cover their tracks when providing the slightest prediction into the future.

That’s why on today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are conducting a speed round with trader Dan Maverick. Asked for a simple ‘thumbs up’ or ‘thumbs down,’ Dan is able to offer some refreshingly straightforward advice in the crypto conversation

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!

“We just have to get everyone in agreement that it has value. And the digital scarcity is what gives it value.” - Dan Maverick

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Points to Keep In Mind

• The digital scarcity is what gives Bitcoin value
• Hyperinflation causes the USD to go down in value, but that is impossible with cryptocurrency
• When investing, do not solely look at the price
• • There are many other factors to take into consideration
• The difference between Bitcoin and gold is we know how much Bitcoin is in the world
• • We don’t know how much gold there is
• It takes intense heat, a supernova, to make gold
• Bitcoin is a decentralized ledger and immutable
• Take the management team’s personality into consideration when investing (Bitcoin Gold)

“Buy the hype and sell the news.” - Jason BTO

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Crypto trading calls for a special type of person.

You have to be able to withstand the 24/7 grind of markets never closing. You have to know how to sift the truthful research from the nonsensical news headlines. And most importantly, you have to know when to buy and when to sell.

On today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are joined by crypto trader Jason BTO. Jason is well-known in the crypto world for making millions trading different types of cryptocurrency. Today, we are fortunate to learn his insights.

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’m a gambler. Right now is the time to make money. So you’re gonna see when everyone else jumps in, I’m going to jump out and I’m going to be rich.” - Jason BTO

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Points to Keep In Mind

• XRP still works with the centralized institutions
• Always be sweeping profits off the table
• Use Telegram to hear the news closest to the sources
• Use Trezor and Nano Ledger for physical wallet storage
• The tough way to learn is to lose a lot of money by trial and error
• When trading, look for the squeeze (when it’s consistently going straight)
• Some predict institutional money will bleed out the value in the next 10-18 months
• BTC has the network effect (similar to Facebook); people love it because everyone’s in it
• Mining gives you access to less expensive Bitcoins

“The U.S. Dollar has lost 99.2% of its value over the last 200 years because of inflation and mismanagement. That’s impossible with cryptocurrency.”

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Understanding cryptocurrency requires seeking out a range of resources.

From the expert traders to the research analysts, gathering insight from as many different people as possible is the only way to go. Otherwise your outlook will be limited and you won’t be able to see the full picture.

On today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are doing this by meeting up with anonymous crypto-expert “Virtual Growth” to discuss all things crypto-related. Virtual Growth has been called a crypto god by many people, and his expertise is something that cannot be denied.

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 cost to run a Bitcoin or Ethereum transaction is higher than the average electricity bill of a U.S. home. Proof-of-work is too expensive to run. Delegated proof-of-stake is the future.” - Virtual Growth

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Points to Keep In Mind

• Most of the blockchains aren’t doing anything in the real world yet
• The U.S. Dollar has lost 99.2% of its value over the last 200 years because of inflation and mismanagement
• Oilcoin is a crypto that allows you to share the value of a barrel of oil with
• Most crypto teams take too long to ship products
• Ethereum can only handle 15 transactions/second
• Bitcoin Cash solves speed issues but is partly centralized
• Ripple’s product is not XRP, it’s called X Current
• • XRP was just a token created to raise funds, this poses a problem
• Delegated proof-of-stake allows network to vote out witnesses
• Ethereum should fork to a proof-of-stake
• Fear is based on not understanding something
• Understand technical analysis when trading
• Liquidity is very important, beware of smaller altcoins with little liquidity
• Seek out Eos, Steem, Dash

“An intelligent investor will do better in the long-run than the investor who operates out of FOMO and hindsight.” - Tai Lopez

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Crypto trading isn’t for everybody.

It has many similarities to stock market trading, but its nuances are distinct. To learn them requires understanding that this market is in a vortex of excitement right now. How that informs the chart is exactly where today’s conversation lies.    

On today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are joined by Dan Maverick to discuss all things crypto-related. Dan has made millions trading throughout his career, and today we are lucky to hear his insights.

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!

“It’s like poker. Everybody thinks they’re good at poker. But they don’t even realize how good the other people are because they’re slowly and strategically taking from you.” - Dan Maverick

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Points to Keep In Mind

• The rise in ICOs adds to the overall market cap
• People think it’s only 6-8 months until the big money powers jump in
• Seek out coins that are actually used in business application
• Invest for the long-term
• Seek out physical wallet hardware and 2-factor authentication
• • More and more people are figuring out how to scam
• Beware of Ripple because of lack of real-world usage
• Tron is a good long-term coin strategy
• Use fork.lol to see profitability of Bitcoin and Bitcoin Cash
• Use Blockfolio to manage
• Examine the RSI (Relative Strength Index) to see how fast/slow something is going up or down
• Learn to read Fibonacci retracement lines

“If it becomes big numbers, the world will have changed by then. And the players will be different. That’s the beauty of a market growing this rapidly. It’s changing quickly and it’s very exciting.” - Brock Pierce

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Cryptocurrency isn’t all fun and games.

It requires thought, care, and responsibility. One dimension that gets overlooked is storage. Cold vs. hard, what are the best types of wallets are the best, do you really need one if you only have say $1,000 invested?

On today’s episode of The Bitcoin Crypto Mentor Mastermind show, we answer these questions by discussing wallets with Brock Pierce. This is an excerpt from the Paid Tai Lopez Bitcoin Mentor Mastermind program. To hear other insights from Brock, sign up to be a student 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!

“Get 2 wallets. And you’ll learn to have greater redundancy if this becomes millions of dollars.” - Brock Pierce

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Points to Keep In Mind

• Get both virtual and physical wallets
• • Get 2 wallets of whatever you choose to build redundancy
• Online wallets, keep passcode written down in a safe location
• • Bitgo for large amounts of money
  • Jaxx, MyEtherWallet, Exodus,
• For physical wallets, have a backup placed in another location
• • Options: Trezor and Ledger
• Use 2-Factor Google Authenticator, or something better
• • Never use SMS authentication

“We’re in such a unique space where the coins are so much bigger than any of us.” - Dan Fleyshman

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Bitcoin is now in 2018.

In 2017, we watched it steadily rise. The question now is: will it continue its dominance in the new year? As the skeptics twiddle their thumbs on the sidelines, we continue to be engaged by the rising price of all things crypto. 

On today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are joined by Dan Fleyshman to discuss the future of Bitcoin. 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!

“It was at $8,000 and people were like ‘Oh my god, what if it hits $10,000 by New Year’s?’ It hit $10,000 in November.” - Dan Fleyshman

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Points to Keep In Mind

• Bitcoin has trudged through bad press, hacking threats, etc., it's bigger than anything anyone can stop
• The government can’t shut down Bitcoin because there is no person or place to shut down
• Cryptocurrency is trying to make things faster and perfect
• Look at altcoins like how you would evaluate a startup company
• Invest in the companies you believe in and use in your daily life
• If there is no Bitcoin to be sold, then the price will go up

 

“Banks are at the point where they know they need to adopt blockchain technology.” - Jeremy Gardner

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Ripple is a blockchain specifically designed for banks.

And for that reason, we should direct our attention to XRP. It is no secret that the current system of transferring money between banks is outdated. It takes days, and we are blind to the transfer status along the way.

On today’s episode of The Bitcoin Crypto Mentor Mastermind show we are joined by Jeremy Gardner to discuss 1 of his 5 top altcoins, and that is Ripple. This is an excerpt from the Paid Tai Lopez Bitcoin Mentor Mastermind program. To hear about the Jeremy’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!

“If you just hold good tokens, you will make more money than arbitraging in the short-term.” - Jeremy Gardner

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Points to Keep In Mind

• Ripple allows banks to seamlessly trade value over the Ripple network
• Most algorithmic traders are not making over $1 million/year
• XRP is a liquidity tool
• Banks are at the point where they know they need to accept this technology
• You will make more money investing in the long-term than trying to trade every day

 

“These markets are different than any other markets because the price is entirely driven off sentiment.” - William Duplessie

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The cryptocurrency market is unlike any other market.

This is because the mainstream media outlets are not adjacent to the action. With the stock market, New York City’s financial media players are skewering every word that leaks out of Wall Street. But with the decentralized nature of cryptocurrency, the information that leaks into the online forums is as close to the truth as possible.

On today’s episode of The Bitcoin Crypto Mentor Mastermind show we are joined by William Duplessie to discuss trading strategies. William gathers his crypto news from the deep forums on Reddit, often waking up to over hundreds of notifications. Thus, his insights are as close to the truth as we can possibly hear.

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!

“This is the democratization of the world economy.” - William Duplessie

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Points to Keep In Mind

• 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)
• When trying to find news, use Google, Twitter, and Reddit
• Foreign countries like Zimbabwe are leading in adoption
• Centralized cryptocurrency isn’t a cryptocurrency
• Take profit off the table, and leave what you started with
• North Korea is one of the largest hubs of mining
• Don’t invest in what you don’t understand

“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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Being attached to your ideas closes you off to new information.

And with such a new field like cryptocurrency, this is the last thing you want. Many new investors quickly lock into an investment thesis and deflect any evidence that contradicts what their financial belief system says. The best investing mindset is simple: be open to new ideas.

On today’s episode of The Bitcoin Crypto Mentor Mastermind show we are joined by Dave Levine to talk about his investing mindset. Dave has committed his entire life to researching and understanding which coins deserve our attention, and today we listen to his insights that will help propel us to make the $700,000 he’s made 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

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Points to Keep In Mind

• Once you understand the distributed ledger, you can see the further application of blockchain technology
• Nobody understands the entire landscape of cryptocurrency
• 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
• Bitcoin’s technology is not evolving as fast as Ethereum’s