By Tai Lopez
I get asked a lot “Tai, what’s one of your biggest regrets?” Now, I don’t like having regrets, but I will say there have been plenty of opportunities that I may have missed. One opportunity I would’ve liked to gotten in on earlier is cryptocurrencies.
If you had invested $100 in Bitcoin in 2010, you could have made close to 75 million dollars off of that alone.
Cryptocurrencies and blockchain are an exciting new technology with a lot of potential, but before you start investing, you need to educate yourself. A lot of people have made a lot of money off of cryptocurrencies, but they didn’t just get lucky. The people who make a lot of profit from trading cryptocurrencies like Bitcoin and Ethereum and other Altcoins have spent a lot of time studying the patterns and learning the ins and outs of cryptocurrencies. The great thing is a lot of these people are willing to talk about their strategies and help others learn about cryptocurrencies.
If you’re like me and you can’t get enough cryptocurrency knowledge, I’m going to be keynoting the Start Engine ICO 2.0 Spring Summit in Santa Monica (Friday, April 20). I hope to see you there. It’s going to be a great lineup of big hitters, including:
Patrick Byrne (Founder & CEO of tZero & Overstock.com)
Gil Penchina (Top Investor in Ripple, Filecoin, PayPal, Polychain and #1 Investor on Angel List)
Mark Suster (Managing Partner at Upfront Ventures, former VP Product Managment at Salesforce.com)
Lou Kerner (Partner at CryptoOracle.io)
In addition to hearing from ICOs who are disrupting the largest industries, you will also have the opportunity to:
Network with top investors, advisors, and founders over an entire day, with catered breakfast and lunch that culminate in a legendary cocktail party by the ocean.
Learn actionable insights and how to leverage and market an ICO for your business
The Summit content will be curated to include the latest insights, trends, and forecasts which will empower you to stay ahead of the market by learning from experts.
Today I want to give you a few tips and tricks that I’ve learned from the pros, so you can figure out how to make money off of trading cryptocurrencies.
I wanna start out with talking about cryptocurrency ICO’s. ICO stands for initial coin offerings, which is when a new cryptocurrency is released and a certain amount of the coin can be purchased. A lot of people can do well investing in an altcoin at the ICO, but you really have to do your research because there’s a lot of people out there with scam coins. There are also a lot of people that spend a lot of time on their computers researching the technologies and the teams behind different cryptocurrencies who put out their findings on forums and blogs so you can make good investments.
Another thing you need to think about is how you are going to store your wallet. Your wallet is like your safe code to accessing your cryptocurrencies. I would recommend storing your password in at least 2 locations. Having a hard copy in a safe deposit box is a great way to make sure your code is totally secure.
Right now is a great time to make money online, but you need to be careful in not putting all of your money into one thing. I mean, I never recommend that people put all of their money into one investment. You should be able to lose one investment completely and still feel financially secure. The only thing you should ever invest everything you have into is yourself.
Like I said, crypto is a great way to make money, and even though it would have been better if you started investing 5 years, there will never be a better time than right now. Before you start throwing your money into cryptocurrencies, take the time to learn from other successful traders so you can learn from their mistakes and win off of their successes.
Cryptocurrencies could be the biggest thing in the next couple decades, and there is still a lot of hesitation about it.
What do you think about cryptocurrencies? Have you invested any time or money into Bitcoin and other altcoins?
Remember, education is the most important key to success, so take the time to learn about crypto trading and blockchain.
P.S. I wanted to take a quick second to congratulate all of you who took advantage of my special scholarship offer over the last few days. I look forward to hearing your success stories. You’ve taken action and if you keep up the work you’ll see great improvements in your life!
Unfortunately, if you weren’t able to get in, the offer expired now. I’ll be doing some other bad ass stuff soon though, keep an eye on your email!
If you’re going to be in the LA area Friday April 20th, don’t forget to get your discounted ticket to the Start Engine ICO 2.0 Spring Summit in Santa Monica. Come hear me and some of the biggest names speak about all the latest cryptocurrency insights, trends and forecasts. Is bitcoin going to recover? Come hear what the big names have to say.