In this lesson you will learn how you can define the best cryptocurrency in the world and increase your
rewards and lower your risk.
The starting process for me is that you have now chosen one of five potential coins that you are interested
in investing in and now you have two options.
The first talk some Which is more popular option is that people just throw some money to all of them
and hope for the best.
They say that OK Bitcoin is interesting light cone it's interesting dash it's interesting ripple and
Monera.
Well I will throw some money into all of them.
If you are investing with tens of know us or with some real money then this is fine.
If you don't want to use time you don't want to make much money.
This is fine.
But if you want to make good money if you will to lower your risks you go for the option too which is
a better option.
Research needs of them individually.
By using this step by step try and see how well I so you when you have more knowledge it will lower
your risk and increase your reward.
So the option to it's mass murder rather than just throwing the money.
All of them and hoping for the best.
That's what most people do and that's why they don't make maximum profits.
And now I'm going to give you five steps that you should do at least know that the research as it's
called in and the IS GO got their website you can always find its website by writing for example Ripl
official website or Monera or official website with the official website to Google.
And it's one of the first options.
And when you go there ask yourself the following questions about this cryptocurrency.
What is the goal.
Mison and wissen of this protest.
What problem are they trying to solve.
What is the end goal.
Do they already have a platform or is this just an idea.
Many I see all those many little crypto currencies are attached to nice and beautiful ideas but they
don't have anything tangible.
So that's why it's important ask how far are they already in this Protech if they have already platforms
they already have a product they have something to promote to provide.
And there is a lower risk.
Most of the time is there a transparence team do they showed their faces LinkedIn profile Twitter profiles
and what is their background.
What have the team members done in the past.
Do they have some similar work experience to the whole experience of the block in technology how programming
or marketing experience have they created already big companies in the past.
Do they have some scams in the past.
There was one cryptocurrency that had one scam artist in their leader team that was pretty shady and
there is one cryptocurrency called Pitt collect that doesnt have a transparence team they are hiding
their team Ambros and most Ponzi schemes are hiding their team members because they don't want to show
their faces and lose their reputation to the Web site.
You will also find and answer the question do they have a community.
Let me show you an example of this.
Step number one.
Let's go to Google.
I have written Ripl official website.
The first one that you can find is Ripl and then you click this one and you find their official website.
And here you will find all that information relevant information about their goal their team about their
mission their research and what problems they are trying to solve and pretty much everything that you
need to know.
They have already more than 100 customers.
They are deploying commerce really.
What kind of solutions then you can go through all these pages what kind of information are there providing.
And go through the information carefully.
For example Ripl is trying to solve this huge problem in the banking sector.
The current banking sector is based on technology from the 60s.
It takes three to five days to settle a transaction.
It's extremely expensive.
If I send money to my friend abroad it's sometimes i ask my bank how much does it cost.
It's fees.
They said thirty five euros forty you forty dollars.
So what sent one transaction and it's unreliable.
There are lots of Phalaris and there are many problems within the current banking sector so Ripl is
trying to solve this problem with faster cheaper and more reliable technology.
That's their goal and mission.
And when we go here about an hour company will find their team.
Also their mission again and all their team members should belong to the team.
Who are the real investors who are in the board of directors then by clicking its team member for example
like this one and it will show you here more information about each team member.
RAT is CEO of Ripl a member of the board of directors pre-alert Ripl rat served as the CEO of file a
collaboration service hightails and so on and so forth you can read all these and see what is their
background.
Then you can of course search its member on Google find their background you can find them on LinkedIn
for example.
Brad Garlinghouse And here you can see his work history his study studies and all kinds of information.
He has studied in the Harvard Business School then Chris Larson who is another leader of Ripl.
You can see also that what he has done in the past his education is in the start of Stanford University
and this is how you can research each team and sometimes you cannot find who is really on the ropes
or the team.
So then its just right on woggle right.
Ripl team and then usually it will show you the team in the first or in the first ones of the search
results.
And for example here they show Ripl team its SOS leadership Ripl and it takes you to the page was where
I sold to you before and this one and the second one this company known about 3PL and its also this
page that showed you already and this works with pretty much any other corporate currency product.
If you want to see their team just right.
For example for example I searched Monera team and then you find Monera team you can use it for any
cryptocurrency Das team or any that you are researching.
Then you go through their team members and see what they have done in the past because this is very
important if they have lots of experience in the past they have lots more potential to grow bigger.
If there are some new guys who want to make themselves it's most likely the Protech doesn't have good
prospects for the future.