If you’re a stock investor who knows a little about cryptos, going to a crypto conference is a great way to feel dumb.
I know enough about cryptos to firmly believe that blockchain will be as important in our lives in 10 years as the internet is today.
But to me, there are still a lot of unknowns about cryptos. How do they work? How do you value them? How do you create them?
So earlier this week, I went to a blockchain conference here in Singapore called Blockchain Live. Here are four things I learned…
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1. A lot of smart people are involved in cryptos
At Blockchain Live, I met dozens of smart, motivated people who are up to their eyeballs in crypto and blockchain projects, involving crypto exchanges… Internet of Things… smart cities… gold… hydro power… trading platforms… and social networks.
It was clear that most of these people were probably earning a good living in the pre-blockchain world. They’re involved with cryptos now because they think it will come to something. Sure, lots of blockchain projects are crashing and burning. But enough of them will survive and thrive. The sheer volume of smart people engaged in it tells me that.
2. It’s not all young people
I thought there would be a lot of tattoos, earrings and computer geeks at a crypto conference. It turns out business casual was the standard, and the crowd didn’t look so different from personal finance conferences where I sometimes speak.
Also, there was plenty of gray hair at the conference… cryptos aren’t just for the young. There were older people who have been involved in IT, finance, banking and math that have gravitated toward cryptos.
He’s revealing secrets he learned while working in the live trading pit of the Chicago Board Options Exchange… And giving you the opportunity to get a DOUBLE-YOUR-MONEY trade recommendation in real time…All you need to do is get “in the room“… It’s as close as you possibly can get to trading right alongside a real market wizard.
3. The “zing” is coming back
I’ve spent time at conferences for assets or sectors that are seriously out of favour (like a mining conference in April 2016). They’re glum affairs where a small number of hard-core believers seek to reassure each other that they’re not crazy. Given that bitcoin is still down around 70 percent from its all-time highs in 2017, and many other cryptos are down a lot more, I half expected a thinly-attended conference with that kind of vibe.
But it was the opposite. There were more than two dozen exhibitors, many of them with small crowds of people clamouring to speak with representatives. There were hundreds of participants – and at one point it wasn’t even possible to get into the conference hall where the audience was listening to speakers, because the hall was full, and the doorway into the hall was also jammed.
(There were even some tall blonde models hanging around some of the bigger exhibitor stands. “Ah, that’s a sure sign that things are on the right track!” Eric Wade, my friend and editor of Crypto Capital, joked.)
I don’t think I’ve ever been to an investment conference that had a red carpet-style photo pose display. I felt obliged have my photo taken there.
4. There’s money to be made… if you know what you’re doing
There’s a lot going on in the crypto world. And a lot of the projects I saw sounded amazing… but I don’t know enough to be able to tell the difference between a fantastic crypto and a dumpster fire.
…and it’s not expensive either. But it’s very hard to find in the US.
But Eric Wade knows what’s what with cryptos. I’ve learned a lot from him over the past year. And in a down crypto market, he has an incredible track record. Right now, the Crypto Capital portfolio is up triple-digits in six recommendations. In stock terms, that’s like hitting multi-baggers in a bear market.
But Eric believes the big gains are still to come. Soon, he’ll be releasing a new presentation about why cryptos are about to soar – and the six cryptos you need to buy right now to profit. Keep an eye on your inbox for more information.
Publisher, Stansberry Pacific Research