1 00:00:00,350 --> 00:00:08,310 In this lesson you will learn how you can define the best cryptocurrency in the world and increase your 2 00:00:08,310 --> 00:00:11,960 rewards and lower your risk. 3 00:00:12,060 --> 00:00:19,770 The starting process for me is that you have now chosen one of five potential coins that you are interested 4 00:00:19,770 --> 00:00:24,070 in investing in and now you have two options. 5 00:00:24,630 --> 00:00:32,010 The first talk some Which is more popular option is that people just throw some money to all of them 6 00:00:32,160 --> 00:00:33,750 and hope for the best. 7 00:00:33,750 --> 00:00:39,870 They say that OK Bitcoin is interesting light cone it's interesting dash it's interesting ripple and 8 00:00:39,870 --> 00:00:40,670 Monera. 9 00:00:40,830 --> 00:00:44,660 Well I will throw some money into all of them. 10 00:00:44,700 --> 00:00:52,040 If you are investing with tens of know us or with some real money then this is fine. 11 00:00:52,050 --> 00:00:55,520 If you don't want to use time you don't want to make much money. 12 00:00:55,530 --> 00:00:56,500 This is fine. 13 00:00:56,640 --> 00:01:05,400 But if you want to make good money if you will to lower your risks you go for the option too which is 14 00:01:05,400 --> 00:01:06,570 a better option. 15 00:01:06,620 --> 00:01:10,070 Research needs of them individually. 16 00:01:10,380 --> 00:01:17,400 By using this step by step try and see how well I so you when you have more knowledge it will lower 17 00:01:17,520 --> 00:01:20,850 your risk and increase your reward. 18 00:01:21,300 --> 00:01:26,040 So the option to it's mass murder rather than just throwing the money. 19 00:01:26,100 --> 00:01:29,200 All of them and hoping for the best. 20 00:01:29,220 --> 00:01:34,540 That's what most people do and that's why they don't make maximum profits. 21 00:01:34,860 --> 00:01:41,610 And now I'm going to give you five steps that you should do at least know that the research as it's 22 00:01:41,610 --> 00:01:49,940 called in and the IS GO got their website you can always find its website by writing for example Ripl 23 00:01:49,950 --> 00:01:56,150 official website or Monera or official website with the official website to Google. 24 00:01:56,160 --> 00:01:58,380 And it's one of the first options. 25 00:01:58,500 --> 00:02:03,590 And when you go there ask yourself the following questions about this cryptocurrency. 26 00:02:03,810 --> 00:02:05,310 What is the goal. 27 00:02:05,340 --> 00:02:08,220 Mison and wissen of this protest. 28 00:02:08,550 --> 00:02:11,250 What problem are they trying to solve. 29 00:02:11,250 --> 00:02:14,280 What is the end goal. 30 00:02:14,280 --> 00:02:19,420 Do they already have a platform or is this just an idea. 31 00:02:19,530 --> 00:02:26,460 Many I see all those many little crypto currencies are attached to nice and beautiful ideas but they 32 00:02:26,460 --> 00:02:28,780 don't have anything tangible. 33 00:02:29,690 --> 00:02:35,980 So that's why it's important ask how far are they already in this Protech if they have already platforms 34 00:02:36,020 --> 00:02:39,990 they already have a product they have something to promote to provide. 35 00:02:40,040 --> 00:02:41,690 And there is a lower risk. 36 00:02:41,690 --> 00:02:51,470 Most of the time is there a transparence team do they showed their faces LinkedIn profile Twitter profiles 37 00:02:52,280 --> 00:02:54,120 and what is their background. 38 00:02:54,290 --> 00:02:57,260 What have the team members done in the past. 39 00:02:58,620 --> 00:03:06,030 Do they have some similar work experience to the whole experience of the block in technology how programming 40 00:03:06,030 --> 00:03:12,080 or marketing experience have they created already big companies in the past. 41 00:03:12,330 --> 00:03:15,270 Do they have some scams in the past. 42 00:03:15,270 --> 00:03:24,090 There was one cryptocurrency that had one scam artist in their leader team that was pretty shady and 43 00:03:24,360 --> 00:03:31,230 there is one cryptocurrency called Pitt collect that doesnt have a transparence team they are hiding 44 00:03:31,230 --> 00:03:37,290 their team Ambros and most Ponzi schemes are hiding their team members because they don't want to show 45 00:03:37,290 --> 00:03:40,680 their faces and lose their reputation to the Web site. 46 00:03:40,690 --> 00:03:45,650 You will also find and answer the question do they have a community. 47 00:03:46,020 --> 00:03:48,530 Let me show you an example of this. 48 00:03:48,540 --> 00:03:50,230 Step number one. 49 00:03:50,610 --> 00:03:52,700 Let's go to Google. 50 00:03:52,820 --> 00:03:55,310 I have written Ripl official website. 51 00:03:55,380 --> 00:04:05,160 The first one that you can find is Ripl and then you click this one and you find their official website. 52 00:04:05,620 --> 00:04:15,460 And here you will find all that information relevant information about their goal their team about their 53 00:04:15,460 --> 00:04:21,550 mission their research and what problems they are trying to solve and pretty much everything that you 54 00:04:21,550 --> 00:04:22,530 need to know. 55 00:04:23,930 --> 00:04:26,930 They have already more than 100 customers. 56 00:04:27,170 --> 00:04:29,770 They are deploying commerce really. 57 00:04:29,890 --> 00:04:38,750 What kind of solutions then you can go through all these pages what kind of information are there providing. 58 00:04:40,000 --> 00:04:43,240 And go through the information carefully. 59 00:04:43,240 --> 00:04:49,890 For example Ripl is trying to solve this huge problem in the banking sector. 60 00:04:50,230 --> 00:04:55,420 The current banking sector is based on technology from the 60s. 61 00:04:55,420 --> 00:04:59,110 It takes three to five days to settle a transaction. 62 00:04:59,110 --> 00:05:01,410 It's extremely expensive. 63 00:05:01,650 --> 00:05:08,460 If I send money to my friend abroad it's sometimes i ask my bank how much does it cost. 64 00:05:08,470 --> 00:05:09,050 It's fees. 65 00:05:09,050 --> 00:05:14,360 They said thirty five euros forty you forty dollars. 66 00:05:14,380 --> 00:05:19,490 So what sent one transaction and it's unreliable. 67 00:05:19,510 --> 00:05:26,590 There are lots of Phalaris and there are many problems within the current banking sector so Ripl is 68 00:05:26,590 --> 00:05:33,430 trying to solve this problem with faster cheaper and more reliable technology. 69 00:05:33,430 --> 00:05:35,640 That's their goal and mission. 70 00:05:35,860 --> 00:05:41,440 And when we go here about an hour company will find their team. 71 00:05:41,440 --> 00:05:46,270 Also their mission again and all their team members should belong to the team. 72 00:05:46,270 --> 00:05:56,560 Who are the real investors who are in the board of directors then by clicking its team member for example 73 00:05:56,790 --> 00:06:03,390 like this one and it will show you here more information about each team member. 74 00:06:03,400 --> 00:06:12,610 RAT is CEO of Ripl a member of the board of directors pre-alert Ripl rat served as the CEO of file a 75 00:06:12,610 --> 00:06:21,340 collaboration service hightails and so on and so forth you can read all these and see what is their 76 00:06:21,400 --> 00:06:23,290 background. 77 00:06:23,410 --> 00:06:32,020 Then you can of course search its member on Google find their background you can find them on LinkedIn 78 00:06:32,020 --> 00:06:32,980 for example. 79 00:06:33,040 --> 00:06:42,760 Brad Garlinghouse And here you can see his work history his study studies and all kinds of information. 80 00:06:42,960 --> 00:06:49,160 He has studied in the Harvard Business School then Chris Larson who is another leader of Ripl. 81 00:06:49,500 --> 00:06:57,360 You can see also that what he has done in the past his education is in the start of Stanford University 82 00:06:58,320 --> 00:07:03,540 and this is how you can research each team and sometimes you cannot find who is really on the ropes 83 00:07:03,550 --> 00:07:04,470 or the team. 84 00:07:04,500 --> 00:07:07,760 So then its just right on woggle right. 85 00:07:07,770 --> 00:07:18,870 Ripl team and then usually it will show you the team in the first or in the first ones of the search 86 00:07:18,870 --> 00:07:20,320 results. 87 00:07:20,520 --> 00:07:26,520 And for example here they show Ripl team its SOS leadership Ripl and it takes you to the page was where 88 00:07:26,520 --> 00:07:37,060 I sold to you before and this one and the second one this company known about 3PL and its also this 89 00:07:37,070 --> 00:07:43,050 page that showed you already and this works with pretty much any other corporate currency product. 90 00:07:43,210 --> 00:07:47,150 If you want to see their team just right. 91 00:07:47,410 --> 00:07:54,490 For example for example I searched Monera team and then you find Monera team you can use it for any 92 00:07:54,490 --> 00:07:58,790 cryptocurrency Das team or any that you are researching. 93 00:07:58,900 --> 00:08:05,350 Then you go through their team members and see what they have done in the past because this is very 94 00:08:05,350 --> 00:08:13,660 important if they have lots of experience in the past they have lots more potential to grow bigger. 95 00:08:13,750 --> 00:08:22,030 If there are some new guys who want to make themselves it's most likely the Protech doesn't have good 96 00:08:22,630 --> 00:08:24,000 prospects for the future.