Where Do You See The Cryptocurrency Industry Growing?

Where do you see the cryptocurrency industry growing? Today I'm going to talk specifically about how that's going to work. I mean it is not a fad, it's not coming, it's here. And specifically I'm going to talk about three things. I'm going to talk about which ones you need to get into today. It's like a live currency you can actually buy real things with. I'm going to talk number two, how to use an ATM. Like there are ATMs already here and it's more than Bitcoin. Number three, I'm going to talk about real estate. As a transaction that is currently happening on blockchain and how people are literally buying condos with Bitcoin and Ethereum. So let's begin. To do this, this is part four of a series with Nathan Johnson in our NFT education for you. I really want you to engage and get involved. So let's listen in. I'll talk to you on the other side. What do you see the cryptocurrency industry growing? So I'm with Nathan Johnson, who's an expert in Web 3.0. He's an online advertiser. Amazing. He's made money for me when he was 13 years old, years ago. And amazing new expert in NFT. So I wanted to talk about this new asset class. Pick up from our third part. So if you missed that, get back up to my search and look for our third part of our four-part series, where Nathan, you were talking about, really, I'm going to call it the emotional arbitrage. What keeps a project alive? What keeps an NFT alive? And a lot of this is just the, actually, here's the question. What's the difference between that quick buck of people just buying and selling to make a little bit of fast money versus sustainable industry that I and you both think it's becoming? Yeah. So there is a huge difference. I mean, 99%, I think the real number is actually 90, it's either 95 or 98% of day traders in cryptocurrency lose money. So people who are doing futures trading, so shorting, longing, they are losing a lot of money. I personally know of people who have lost millions thinking that they know where the market's going, and you just have no idea with crypto. That's the difference. I mean, short term are people who are trying to put in a million and get out 10 the next day. Long term is more so people who are going to put in a million. I mean, think of how crypto was at $4,000 a month ago, and it was at 2,000 a week ago. So if you were somebody who, like me, has a good amount of cash on hand at any given moment, ready to purchase during these downtrends, if you purchased $100,000 worth of Ethereum at 2,000, now it's at 3,000. So you'd be up a yearly income for some people already. Then you can exit whenever you want, wait for another dip, acquire some longer term holdings. So that's where most long term holders are doing. You get a dip buying account, and you have your long term account. It can be of the same cryptocurrency. So I have an amount of Ethereum that I use to swing trade. So sell it when I think that the market's a little too high, and then buy it when I think that the market's a little too low. So buying at 2,000, simple stock market economics. And then you have your long term portfolio. So what I do is, any money that I make from the swing trading, then instead of just living off of that and depositing it, I either scale up the amount of money that I'm swing trading with, or I will transfer that over into the long term account. So you're using this money that you're swing trading with to acquire more and more Ethereum over time, which has a massive benefit when Ethereum inevitably goes up. It's inevitable that it's going to go down. It's inevitable that it's going to go up. It's just making sure you're riding those trends properly. And so talk about those wallets. I know we're going to get back to the industry, but I know those that are listening are going to write in the comments and say, so is your swing trading in a Coinbase, and then you're going to a ledger? Talk about that, and then let's get back to the industry and where you see it growing. Yeah. So I use Coinbase Pro for swing trading. It's just easiest to transfer in and out of cryptocurrencies there. And anytime I have a long term holding that I want to do, that's in my ledger. So the ledger is obviously the safest place for the most amount of money to be. And then I just swing trade with the percentage of whatever's in my ledger at any given moment. And if people are interested in doing the same, you don't even need Coinbase Pro, you can just do it on Coinbase. The reason that I like Coinbase Pro though, is it's the difference of I'm going to buy here and I'm going to sell here, versus I'm going to place an order to buy at this price, and I'm going to automatically sell if it's at or below this price. There are ways that, same on stock trading platforms, you can set your limit buy, your limit sell, your stop loss, same thing on Coinbase Pro. So it's like how any stock market swing trader would do it. There are a lot of different platforms you can do that on as well. Coinbase Pro is just the first one that I learned. And for me, it's the easiest. And if your full time job is trading crypto, then you're definitely using a different one. But for me, it's just something that I do as I wake up in the morning. And if Ethereum's at 2000, then I know I'm buying. And if I wake up and it's 4000, then I know I'm selling. Awesome. So for those that are a little more sophisticated, just name a few more other platforms that they may want to start on. The biggest one is Binance. You can futures trade on Binance. So that's where a lot of the experts go, but it's also super risky. So that's like on the stock market, what I do is buy and sell. But what they're doing on Binance and trading in futures is they are doing puts and calls. And that's where you can make a lot of money and also lose a lot of money. That's where you see 100Xs in one hour. So betting on Ethereum to go down, betting on Ethereum to go up at a massive amount of potential gains and potential losses. But that's where most of the experts that I talk to are. They do futures on Binance. Interesting. So let's go to the industry. Up until COVID and the pandemic 2020, whether it was that or whatever the triggering device, it's here to stay. It's a growing industry. Talk about what you're seeing, because I know some companies actually in Florida that are doing real estate. So before our recording, we were talking a little bit about that. Share that transaction and how you see it and how we are knowing it's going. In fact, here in North Reno on the U.S. Parkway, there are some condos being built. And it's sort of an experiment, you know, Nathan, but the only way you can buy is Ethereum or Bitcoin. That's the only way you can buy a condo through this group. So it's here. Talk to our audience a little bit about that. Yeah. So I think that regardless of if you believe in a specific cryptocurrency, so let's say regardless of if you believe in Bitcoin or Ethereum, I think everybody, you would be stupid to not believe in the blockchain technology that built cryptocurrency. That's where the biggest, you know, technology always wins. Right. So human capital, there's a big barrier on human capital, which is, you know, it's more efficient to have 10 robots than 100 people. People have to sleep. People get depressed. People have different moods that affect their productivity. Computers do not. Right. So computers also don't make mistakes. It's always human error. If you code a computer wrong and that's the mistake, that's human error at the end of the day. So always bet on technology. And I bet very heavily on blockchain technology. Essentially, I mean, we're already seeing it in life, but you can create smart contracts for everything. You know, no longer will people get the Logan. Paul is a huge crypto proponent and he is a huge collector of Pokemon cards. He purchased a three point two million dollar box of Pokemon cards that was considered to be super collectible, super rare. And he ended up opening it up because it was sealed. It was verified by a very trusted card and collectible verification company. And he opened it up and it was fake. They were all fake. And he essentially got scammed out of three point two million dollars. Luckily, the company that did it with was reputable, reputable enough to say, you know, we made a mistake. We're going to get that money back. But with blockchain technology, that doesn't happen. Right. Everything is verifiable on the block chain. That's why NFT trading cards is where everything is going to go, is there is no more counterfeit Pokemon cards. There is no more buying a three point two million dollar box of cards on the block chain. And you don't know what you're getting. You know, everything's in the smart contract. So with real estate, I see smart contracts being instantly implementable. You know, you can just I see a world in the future where you're driving around and you have a QR code instead of a for sign. Right. And you scan the QR code. It takes you to the smart contract. Smart contract will tell you all about the piece of property. All you have to do is connect your wallet. Instantly, real estate agents will be able to verify is this person a serious buyer or are they a 17 year old kid who just wants a tour of this mansion that I have? Right. So if your wallet meets the qualifications of being a potential buyer, if, you know, your wallet has a good financial history, a good history of being a good tenant, all of these things are connected now to your wallet. Web 2.0 was all about, you know, log in with Google, log in with your Apple account. Web 3.0 is all about logging in with your wallet. So everything will be connected to whatever that number is. And real estate is going to be instant, an instant implementation. And then you also have Bitcoin and cryptocurrency ATMs that are popping up. That's an easy way to transact online. It's way easier than, you know, having to do it through your Amex because businesses have to deal with disputes. So if you collect all of your payments for, let's say, you know, we talked about Instagram advertising. You paid via Fiat, right? You could have called American Express and said, hey, I didn't make this payment. And it's very hard on social media to prove whether or not the ad was posted or not. So it is easy to get disputed. And I've had a lot of problems with chargebacks that went through when they shouldn't have, right? On Ethereum and Bitcoin, there is no, you know, denying. It's in the smart contract. It makes essentially having legal counsel easy because on the smart contract, you can't deceive it, right? There's no going around it. Interesting. Nathan, thank you. I appreciate you joining. We are wrapping up a four-part series with Nathan. I'm sure we're going to be bringing him back. He's a super genius, 21 years old and a millionaire, right? In NFTs and crypto. Yeah, luckily, yeah. Ah, well done. Well done, my friend. And I have to say I contributed to some of your first thousands of dollars you ever made. Of course. Yeah, you were my proof of concept, that everything worked, you know? So as you can see, this is here to stay. There's a lot to it. Don't get threatened if you're in one of these industries like real estate that is starting to do transactions. I would lean in and learn. You know, when people don't know something, they kind of lean out and get freaked out. So right now, I'd love your comments on how you felt about this four-part series. If you want more information, specifically ask questions and share it. Share, share, share. And while you share, encourage those to subscribe, click the bell on the notification so every day you get this conversation and we all learn this together. So if you're out there going, oh my gosh, I can't start. I have an opportunity for you to start. You click on the link below. MakeYourKidsMillionaires.com is my new book, How I Made My Kids Millionaires. It's going to be powered by the Millionaire Lions, which is an NFT project that I'm doing. Love you to be a part of it. You can get in for as little as $100 to begin. And let's have a conversation with my team. 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