“Solve the real problems. What are the biggest problems people have? People are depressed, people are anxious, people are broke, people are unhealthy. We need to see more crypto projects in the biomedical industry.” - Tai Lopez (click to tweet)
There are coins other than Bitcoin.
But we are continuously bombarded with the latest news about Bitcoin. With its recent falling price, it’s easy to get caught up in the mass hysteria and forget about the bigger applications of blockchain technology.
On today’s episode of The Bitcoin Crypto Mentor Mastermind show, we are taking a moment to revisit some of the other coins in the conversation. From Monero to QDUM to Tron, today’s conversation has us thinking about the many different applications of blockchain technology.
And 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!
“Monero is the most private coin right now. You can’t tell how many people have it. So it will go up.” (click to tweet)
Points to Keep In Mind
- Siacoin is like the AirBnB of cloud storage
- Sidechain will make Bitcoin transactions more affordable
- We need to welcome new people to crypto to activate ‘the network effect’
- The downside with Binance is Chinese investigators crack the whip out of nowhere
- As long as Binance is around, it’s smart to invest in Asian currencies
- RaiBlocks (XRP) has a $2.4 billion market cap
- Try to buy when the coin is low volume before it moves sideways
- Tron (TRX) peaked at $13 billion market cap
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- Trying to be an entertainment ecosystem like YouTube but lacks user base
- Litecoin announced a partnership with Monero a few days ago
- Bitcoin Cash and Bitcoin are in a public smearing debate
- Litecoin over Bitcoin Cash because of better press
- Don’t speculate purely on upside potential
- As long as Bitcoin is big, Litecoin will be big too
- Real estate is the biggest market around
- Focus on the team when making crypto investments
- Bitcoin Cash moves in the opposite direction of Bitcoin
- The real trick to diversifying is finding things that are uncorrelated
- Always go after the unsexy businesses/coins
- There’s opportunity for influencer coins (ex: A Kim Kardashian coin that fractionalizes access to her brand/TV show)
- The biggest opportunity in crypto is in the biomedical industry