Tai Zen: What’s up, guys! This is Tai Zen, I got my buddy Matt with me. He’s giving me a ride to the train station so I can head into Times Square into New York. We’re driving through Long Island right now.
Matt: Hello everyone!
Tai Zen: He’s a big fan of Cryptocurrencies and everything. But he likes to keep his things private, so he doesn’t like to be on camera.
But he and I were discussing some stuff about invest into Cryptocurrencies and Bitcoins and I just want to answer some those questions for Matt. Then that way you guys can listen in at the same time too. You had some questions about Factom?
Matt: Factom and any new ones coming out and what distinguishes them between Bitcoin and other Cryptocurrencies that are already out there?
Tai Zen: So Matt asked me what if someone only has a small amount of money, like some of our audience members, not everybody has a lot of money, I don’t have a lot of money, Matt does not have a lot of money, what happens when you start out small? Should you invest in Factom or a new ICO?
In case you don’t know where the ICO is, that’s when a new Cryptocurrency is being released, in the stock market world they call it an IPO which is an initial public offering, but in the Cryptocurrency world is called an ICO, it’s called initial coin offering. If you only own half a Bitcoin or 1 Bitcoin, what I would suggest that you do is that you split that Bitcoin up.
Because you know that a Bitcoin can be split into as many pieces as you want. I would split it up into 8 or 10 pieces, even units. Then what I would do with that is that I would invest each piece into a new ICO, in other words, you invest into a new coin that has not come onto the market yet, and they are having a crowd sale so that they can collect money to fund their project.
To me, it’s a little bit risky on the front end simply because once they take your money, you don’t know if they’re gonna actually create the software. When I gave my money to Vitalik and his team to build the Ethereum software back in the summer of 2014, I don’t know what he’s gonna do with it, might take off with it or something.
But more than likely he’s not because he went around to all the major Bitcoin conferences and he was preaching about the new Ethereum blockchain and what it can do and everything. He was very much in the public eye, then he raised like 18 million dollars doing that ICO.
Back then it was not called an ICO though, it was called a crowd sale. But it’d still be very hard for him to hide on this planet when there were thousands of people that pitched in for his a crowd sale to raise 18 million dollars. So it’s really kind of difficult for him to hide and try to scam everyone, especially when he only weighs 100 pounds.
It’s gonna be hard to run away from people. But anyway, what you do is you take your money, all the legitimate Cryptocurrencies when they come out, when they finally go through the ICO process, there’s like a few months, nowadays is an average about 3 to 6 months where they have to take that money and then go build the software and stuff.
Usually by then when it’s released to the public to where the Cryptocurrency can be traded, you usually within the first 30 days of the day that it’s released to the public to be traded and used by the public, it usually increases by about 1000%. And in Wall Street or in the world of trading and investing, whenever you have a 100% return, we call that 1X, it means one time. If you have a 2X return that means that you’ve got a 200% return on your money.
So if you invested $100 and you made $100 profit, then that’s called a 1X return. If you put up $100 into the ICO and you made back $200 profit, then that’s called a 2X return. I was telling Matt that despite what anybody says, the Cryptocurrencies are the only asset classes in the world of investing and trading.
Both Matt and I are heavy future traders and Forex traders and stock traders, and Option traders and we can tell you there is no asset class in the world that pays you a 10X return. Make sense? So you can get into the current Cryptocurrency such as Factom or Litecoin or Bitcoin or even Ethereum, but you already missed that initial 10X move.
So if you missed it, you can get in and you can trade it for the short term. But if you want the big money, to me it’s in the ICOs when they’ve first offered the coin offering. So hopefully you guys understand that, if you have a small trading account or investment account of where is the best use of your money is to put it into the ICO instead of trying to trade it in and out.
Thanks for watching this video, and I hope that it helps you guys. If you guys like it, give us a thumbs up on it. If you guys don’t like it, give us a thumbs down.
That’s the way I’ll know not to make these videos. I’ll see you guys in a future video. If you haven’t subscribed to our channel already, make sure you do.
The other thing too, my boy Matt here, he’s a world-renowned expert, when it comes to stuff like the Freemasonry, the Rosicrucians and all the secret societies and stuff, this guy does research on it full time. You know how I got my buddy Leonfu.com that knows everything about computers and software and technology, well, this is my other buddy, Matt right here, I swear to god he’s must be one of the Freemasons himself.
These things I’m joking about, he knows so much stuff about it but the thing is he won’t get online and talk about it. If you guys are interested in hearing about it, leave a comment below and let us know about what you guys want to know about the secret societies.
Just leave some questions there and maybe I‘ll strong-arm him into answering some of them for you guys. Thanks for watching this video, and we’ll catch you guys in the future video.