👉 In this episode, you will discover …
- The Risks and rewards of crypto
- What is DeFi and how to use it in business
- The worst things seen in the crypto industry
- Tools to start your journey with Crypto
- Watch Mostafa get exposed and coached by Brady Patterson!
Join Brady Patterson and me and discover “How to be Crypto confident!”
📢 Brady Patterson is a multiple best-selling author, survival trainer, and international rodeo champion. He has worked with Fortune 500 companies like Shell, BP, Husky Oil, and Suncor.
He advocates for any business to add a crypto channel to their business to get ready for the future of finance.
In 2018 he dove into crypto to learn more about the industry and has been waist deep in it ever since teaching a course on Decentralized Finance covering the ins and outs of cryptocurrencies.
Currently, Brady and his wife are full-time digital nomads traveling the world and helping people and business grow their confidence around the crypto industry.
Summary:
0:02 Crypto risks and rewards with a best-selling author.
- Brady Patterson is a best-selling author, survival trainer, and international rodeo champion who advocates for businesses to add a crypto channel to their operations.
- Brady and his wife are full-time digital nomads, traveling the world and teaching about cryptocurrencies while also growing their own confidence in the industry.
2:33 Cryptocurrency investing and personal growth.
- Insights on personal experiences that highlight the importance of understanding crypto investments and the mindset needed for success.
9:59 Cryptocurrency investing and passive income strategies.
- Learn how to leverage cryptocurrency for passive income through strategic investments and staying informed about market trends.
16:03 Dollar cost averaging in cryptocurrency investing.
- Discover the benefits of dollar cost averaging, a strategy that minimizes risk in volatile markets by investing small amounts consistently.
22:43 Crypto investing strategies and market analysis.
- Explore various investment strategies, focusing on blue-chip cryptocurrencies and the importance of market analysis for informed decisions.
28:00 Decentralized search engines and passive income opportunities.
- Understanding how decentralized search engines work and how they can provide passive income through user participation.
33:57 Running a node for a proof-of-stake blockchain.
- Learn about the mechanics of running a node in proof-of-stake blockchains and the potential for earning passive income.
39:52 Setting up a Presearch node for passive income.
- Step-by-step guide on setting up a Presearch node, offering insights into maximizing your earnings through decentralized platforms.
44:47 Decentralized finance (DeFi) and its impact on traditional banking.
- How decentralized finance is changing the landscape of traditional banking and what that means for everyday consumers.
49:23 Cryptocurrency adoption and NFTs in business.
- Exploring the future of cryptocurrency adoption by banks and how NFTs can be leveraged in various business models.
53:23 Using blockchain and cryptocurrency in business.
- Insights into how businesses can benefit from cryptocurrency, including payment methods and tax considerations.
1:00:52 Incorporating cryptocurrency into business and life.
- Brady Patterson offers a course called “Crypto Freedom Formula” to help people incorporate cryptocurrency into their business and life.
1:03:32 Crypto investing, personal growth, and networking.
- Learn the importance of networking in crypto investing and personal growth, with tips on building supportive communities.
1:10:04 Life advice, family, and crypto with Brady Patterson.
- Brady shares updates on his family and encourages listeners to reach out for crypto-related advice.
SHOW TRANSCRIPTS:
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Mostafa Hosseini 00:02
Welcome to daily confidence for entrepreneurs. In this episode, you will learn the risks and rewards of crypto, what is defy and how to use it in business, the worst things seen in the crypto industry. The tools to get started with your grid crypto journey, and you will watch and experience yours truly getting exposed and coached by my friend Brady. Patterson. Welcome, Craig Brady.
Brady Patterson 00:28
Good to see you, brother.
Mostafa Hosseini 00:30
Good to see you. I have known Brady Patterson for quite a few years now. He is one of the best people that I know, heart centered, awesome person, he’s got one of the best hearts that I’ve seen around. And I’m not exaggerating. And we are about to have a very interesting conversation. If you know anyone that could benefit from learning about crypto, and how that is changing the world of our personal lives and business and the rest of it, send them the link.
Have them join this live conversation. And if you have any questions about crypto, pop them in the chat box, and we will do our best to cover them. Now as usual, please make sure to like and subscribe to whichever channel you’re watching. If you have any questions, put them in in the chat box. If you have a friend that could benefit from this conversation, tag them as a comment and or share the link of the show with them now or later. And that is it. Let me do the proper introduction to my friend Brady and we’re gonna dive into a very interesting conversation. Now Brady Patterson is a multiple best selling author, survival trainer, and international rodeo champion. He has worked with Fortune 500 Companies such as Shell BP, Husky oil and Suncor.
He advocates for any business to add a crypto channel to their business to get ready for the future of finance. In 2018. He dove into crypto to learn more about the industry and has been waist deep in it ever since teaching a course on decentralized finance, covering the ins and outs of crypto currencies. Currently, Brady and his wife are full time digital nomads traveling the world and helping people and businesses grow their confidence around the crypto industry. Welcome, Brady.
Brady Patterson 02:28
Good to be your brother. As always good to see.
Mostafa Hosseini 02:31
Good to see you. How’s your day so far?
Brady Patterson 02:33
It’s been good. I spent the morning my sister just had a new baby. So I spent the morning trying to get Victoria to go to sleep when she didn’t want to just fighting really hard to not.
Mostafa Hosseini 02:45
That’s exciting. I love kids and babies. And yeah, baby girl. Baby
Brady Patterson 02:52
girl. Yes.
Mostafa Hosseini 02:53
What’s the what’s her name?
Brady Patterson 02:55
Victoria. Love it. Love it. That’s
Mostafa Hosseini 02:58
always exciting. I love kids. And yeah, you did they just do what they do, right?
Brady Patterson 03:05
Yeah, she has to she’s got a boy and a girl and the boys in the tear and just kind of in the terrible twos right now. And so he’s a bit of a handful. And he was a daycare today. So I got to sneak over and, and just kind of take care of her this morning while my sister was doing some stuff. And we’re having some conversations. And I actually realized I have a lot of nieces and nephews, I think it’s cycle 13 in total. I’ve never had one of them fall asleep on me before.
And so this was this morning was really fun, because, you know, holding her talking and all of a sudden, there’s like the grasp on my neck and all of a sudden she’s tucked into my shirt. And I was like, Oh, this is this is like magic.
Mostafa Hosseini 03:41
That’s awesome. That is awesome. How old does a baby now?
Brady Patterson 03:44
Six weeks.
Mostafa Hosseini 03:45
Oh my god. It’s like a baby baby. Yeah, very good. So let’s dive into it. Brady, what is your story?
Brady Patterson 03:54
My story? Well, I do want to I know we’re going to talk about crypto and stuff. I do have to make a very quick disclaimer about the crypto space because I’m not a financial advisor. Despite my experiences in this industry in crypto. I’m this is not meant to be like financial advice, investment advice or anything like that. I’m just the guy on the internet who happens to know Mustafa.
You know, that’s sharing my experience about what worked for me what I’ve done. So it’s my opinion. You always got to do your research in the crypto space and I do want to make sure that’s clear in advance of my story. My gosh, it’s I mean,
Mostafa Hosseini 04:30
Brady Brady just wants people if you’re watching or listening, I make the same claims without making financial advice here. Sorry for the interruption. Yeah.
Brady Patterson 04:40
The so so my story I mean, I grew up on the farm in in, in the prairies of Canada and and not too far from where you live. And I actually competed multiple times in the Calgary Stampede, which is in the city you reside, have took took home first place every time I went actually. So I loved that. I love the rodeo world, I loved being growing up in that industry, or in that particular world. And I grew up in an entrepreneurial family.
So when I was quite my my father’s run multiple companies, my mom was, I think, female entrepreneur of the year in Alberta in 1988. My stepfather and her actually went on to create one of the largest Albert, Alberta based oil and gas service companies that existed. And so until they were bought out by TRICARE, so I’m familiar, I grew up in an entrepreneurial environment. And I know that a lot of people kind of make the transition at some point, they go from like this, this idea of that, you know, they they work in a job and they learn some skills and they grow their entrepreneurial spirit before they have the confidence to go forth and do something different. I just was so in, engrossed in that industry. That is the first opportunity.
I mean, I did have jobs to be perfectly clear, but I kind of jumped I went right into Okay, first business, it failed miserably, move to the next one, you know, and continue to learn lessons by actually running businesses rather than taking my time to learn the ins and outs of a particular industry. So it you know, that included things like I ran a DJ service, I had, I got into Network Marketing. So I thought that was an interesting model to look at. I played with real estates, I built natural homes on Vancouver Island.
So the houses made out of mud and straw and clay and things like that down to, you know, getting into information marketing, affiliate marketing, and helping people market their products and services. And that’s, of course, that’s how you and I met, and I believe 2016. In the fall, we met in 2016. Yeah, it’s 2016 or early 2017. Pretty pretty well, pretty close in Vancouver. And so it’s, you know, I love the information, I love being able to help people not not that anything wrong as physical products, I’ve sold physical products, I have clients itself as a products.
But for me, I really love information, because it’s the one thing that number has really low overhead. So it makes it really easy to kind of have really nice margins, and if so, create a really nice life. And also at the same time, it helps other people accelerate the efforts they’re making in business, whatever happens we’re doing if it’s business coaching, if it’s, you know, I mean, I’ve paid for tons of these services myself, I, my wife, and I sat down one day, and we did the calculation, and I had spent at that point, and this was maybe six years ago about $257,000 on coaching, training, and different services to help me grow my businesses over the past 20 years.
So that’s the amount of money you spent. That’s the amount of money I spent. Wow, you know, so so definitely a tiny little sum on those kinds of those kinds of things. And that led me to the place I am today. And I have one of these, like kind of horror stories in the crypto space. I’m not somebody that you know, had their their first Bitcoin and had it on computer and throughout the computer, which is a true story. There’s a number of people there was a guy that searched a garbage dump for years trying to find his own computer, because he had roughly I think it was like 10 million or $20 million of Bitcoin sitting on his computer.
But I bought my first Bitcoin in 2010 or 2011. Right? When they put in the very one of the very first if not the very first, Bitcoin ATMs or BTM in Canada, and I went down and our local cafe allowed us to get a discount on the meals if we paid in Bitcoin and so I was constantly in that town and it was my favorite they made this really good falafel wrap and I would go down there I would buy my I’d finished at the courthouse because I worked in at that time I was doing foreclosure real estate, and I would go down I finished up my day, get a sandwich, pay for a Buy Bitcoins, give it to the to the staff as a tip and then leave and that was when Bitcoin was still like $1 ish or under $1.
And so I kind of bought and sold or bought and gave away hundreds if not in nearly probably 1000 Bitcoin, which I mean it at today’s current rate is I think about $30 million, something like that. It’s a lot. I haven’t done the math lately, but it’s a third we’re able 30,000 US per Bitcoin right now. And if I got rid of 1000 you can you can do the math on those things is it’s a significant sum of money. So I have like that horror story.
Mostafa Hosseini 09:38
So if you kept your money if you kept those, it would have been worth $30 million. Something
Brady Patterson 09:44
to that effect. 30 What is it 30 Maybe 30,000 times if you don’t my calculator here, times 1000 Yeah, $30 million.
Mostafa Hosseini 09:59
I have horror story for a friend of mine who actually just called me right before the show. This guy bought Bitcoin at about seven cents. And he, I think he put like 100 bucks or so in it. And he had it on a laptop. And what some time when he was moving, he lost the laptop. We did the math, he would have had about seven to $800 million if he found the laptop, and he actually went to the Calgary dump trying to find it. But yeah, he’s probably still depressed about that.
Brady Patterson 10:37
This definitely these kinds of stories become the foundation of what sets your confidence, like any mistake or challenge in business. I mean, this set the tone when like, I remember in 2015, when Bitcoin jumped up in price, and then in 2018, when it again, which it doesn’t 17 When it jumped again, and then the crash of 2018 I mean, all these things, I just learned more and more lessons.
And then I kicked myself because I really didn’t get back into cryptocurrencies until about 2018. So just both first quarter and the first quarter 2018. Wow. And then the market crashed.
Mostafa Hosseini 11:13
Interesting. I learned some new stuff about you today, I had no idea you’ve taken first place in rodeo in Calgary, I did not know that about you. And it’s like, it’s like learning about people is like a never ending process. Regardless of how much time you spent with someone, there’s always something new, something interesting, that kind of, you know, surfaces over time, or like, wow, I had no clue you’ve done that. Where are you right now.
Brady Patterson 11:41
I’m actually sitting in Edmonton. I were we came up to meet my net, my niece. So I’m here in Edmonton, and we leave on Saturday.
Mostafa Hosseini 11:48
That’s amazing. That is amazing. So love your story. What do you do with these days? And who do you serve? And what do you do for them? Yeah, so
Brady Patterson 11:57
primarily, I teach a course for a lot of have a mixed audience. So I get a lot of entrepreneurs looking for places to kind of park some free cash from there to look at like an alternative strategy. I love to help entrepreneurs find a way great coaches, consultants, author speakers to use crypto in their business, whether that’s accepting it as a payment option.
And then of course, there’s challenges that come with that with the fluctuations of the currency. But then also, looking at it as a tool for down the road at like, one of our mutual friends, Jay uses NF TS as part of his to sell tickets to his events. So I look into those places. And I particularly work on helping a business put the to kind of build out passive income strategy. So when I say passive income really loosely, because it’s been misused and overused and wrongly used and terrible use for many years, there’s no real such thing to me as true passive income. Because like, you have to do something, you have to collect a check or whatever.
But I really like investing in cryptocurrency projects, and showing people how to do that, that generate revenue, or at least a return on their tokens month after month, year after year, and can consistently do it. Do they always win? No, but I talked about a diversification process so they can do it. So I spent a lot of time teaching how to use cryptocurrencies to create this kind of more, more passive revenue source. So you can focus on what you’re doing the best and parks and free cash in something that should down the road when you go to pull it out, be able to return on a net income rather than a net loss. Love and
Mostafa Hosseini 13:36
like, to me, it’s like it’s Passover, versus just doing absolutely nothing and becoming a billionaire, which people would love to do that. But compared to like, showing up doing it, you know, nine to five, this one is way less work than your average daily job that you would do love. So I’m sorry, you were saying? Oh, no, I
Brady Patterson 13:59
wasn’t say absolutely. That’s definitely right.
Mostafa Hosseini 14:01
So what got into what got you into crypto? What was the what’s the story there?
Brady Patterson 14:07
Well, the first time would be because I was honestly just trying to save expenses. So if they gave me a 10% discount in Bitcoin to pay for a meal, I was like, well, perfect. It’s my favorite cafe. I’m going to do that in 2000 and I got into 2018 but in 2017 I actually promoted a webinar to a business networking group that I ran and it was for a course on how to buy bitcoin and I thought that was really weird. Because it wasn’t that hard.
I went on for the last time I had tried I just went to an ATM BTM and bought it and so I was like well how is some like how is somebody selling a $2,000 program on how to buy bitcoin which at that point was really still the only major cryptocurrency there was there’s other all coins at the time but but it was really the only major one. And I was like wow, it’s not gonna go anywhere the market crashed again. I promoted the webinar and then I you know, we dealt with the aftermath. of the crash that happened within weeks of it happening. And then in 2018, I was like, Well, I really want started investigating the space. But I think Bitcoin is oversold.
So I’m going to start doing other things. And I started investing in all coins and diving into all these, like, you know, alternative tokens that 99.9% of are either gone, I basically lost money on everything I tried to day trade, I tried all these strategies, and I realized that like, that’s just not for me, I couldn’t generate consistent revenue. And I was spending four to six hours a day trying to figure out how to make this work. Right. Even if my time with my spouse, I had a full time business doing coaching and training, affiliate marketing, things like that. It just was eating all my time. And so I paired down for a while I took like a kind of like a little crypto break. And while I was doing that I started, I was still buying crypto, but I was dollar cost averaging.
And I was buying small amounts, like, literally I was buying $5 a day. Right. So just little bites here and there of different currencies. And then, after losing a bunch of money, again, when I got right back into it in a big way in 2019. Before, you know, the world kind of had a huge fundamental shift. I realized like, I could generate money passively or as passive as can be by supporting the underlying networks, not just buying a token or a coin or a piece of a digital asset that just sat there and I was at the whim of it going up and down, which I in a way I still am at that whim.
But now it just doesn’t sit there and do nothing. It sits there my assets sit there and do something. So they I run you know virtual machines or servers, hardware miners, things like this, so that it can actually generate new revenue as time goes on, instead of being like this, this just a crypto savings account if you
Mostafa Hosseini 16:58
have it. So he talks about dollar cost averaging. Could you tell us what that means actually in action? Sure.
Brady Patterson 17:05
So I mean, it comes from traditional investing, it just means you want to buy a little bit at a time to smooth out the market fluctuations. So if you’re buying Apple stocks, for example, you know, and this is one of the reasons why like cryptocurrency, you don’t have to buy an entire apple stock. For example, if you’re buying a cryptocurrency, you can buy a fraction of a currency. But if you’re looking at the traditional market, you have to buy maybe like a stock a day, you know, so you’re spending 110 bucks a day or whatever, or 100, maybe you’re buying one stock a week, right as you build up and I do like Apple stocks because they are they’re a dividend they put out some they put out some money.
But with cryptocurrency, the way that looks with dollar cost averaging is I can just put in an order for $5 worth of bitcoin every single day. And in fact, I have orders that and I still do that it’s programmed into my system. So it buys $5 a Bitcoin $5 of Aetherium $5 of Cardano, all these different tokens that I believe in, and it’ll buy a little bit every single day. So no matter what the markets doing, if the market crashes, now all of a sudden, I’m instantly buying at the lowest price point available by five bucks that day.
And then the next day, it starts to increase by five bucks again, and then also maybe crashes again, and I’m buying at the low again, or then I’m buying at the high so it smooths out these really rough edges and allows me to kind of increase my positions without increasing a dramatic amount of my risk.
Mostafa Hosseini 18:28
So how do you have that set up? Do you like set it up to say if bitcoin reaches $35,000 by $5 worth of bitcoin? Or do you just say at 10am on every day, by $5? With Bitcoin, for example.
Brady Patterson 18:45
The second one, so I have mine set on just the timer and it is actually interestingly 10am every day. So at 10am Every day, my app buys $5 of all of all the tokens that I buy and which app to use to do that. Well technically there’s a couple but I use coo coin, which is an exchange. It’s a cryptocurrency exchange, they can bot you can set up crypto bots or DCA bots that will buy by your tokens every single day based on your own you know every hour every eight hours whatever.
And then for Bitcoin and Aetherium i because I’m Canadian, I use an app called shake pay and shake Pay allows me to also set timers and buy at the same time every day.
Mostafa Hosseini 19:29
Love it I’ve also heard of by Nance What’s your take on that
Brady Patterson 19:32
by Nance is another exchange just like coo coin I think there’s nothing wrong with it I used by Nance for the first part of my trading experience and when I got into crypto by I still use by Nance to this day. I just prefer coo coin because they have the trading bots where you can do the dollar cost averaging by Nance I think introduced that but because I was already because it’s already set up on coo coin I wasn’t going to bother pursuing that.
Mostafa Hosseini 19:57
God I love the idea So what would you say to people that are like looking for the bottom? And they’re like, You know what, it’s really easy you buy at the bottom you sell at the top? And they would just, I think it would be kind of an opposite of the dollar cost averaging strategy. And they would do, they would like they’re not constantly.
And I think I’m guilty of that. I did that kind of last year, where I was looking for the bottom, looking for the top. And it just, I didn’t have fun with that. That’s why I quit. I’ll probably share more on that and get your feedback on it. But if so what would you say to those people who are like trying to outsmart the market, if
Brady Patterson 20:41
you’re not a incredibly strong technical trader and have absolute nerves of steel and can spend 24 hours a day watching your computer, good luck. That the problem with crypto and one of one of the biggest problem is it doesn’t sleep. So the crypto market is 24/7 365. It’s always going it’s not like the traditional stock market where it only runs from, you know, nine till three or whatever, whatever the market is, it’s it’s not open just a few hours, it’s open all the time.
And so it becomes really challenging to to catch those market peaks market cycles, because what happens on in our area of the world, in our in our timezone, for example, we go to bed and the other side of the world is waking up. And all of a sudden, they’re they some news comes out that we don’t hear about because we’re in bed sleeping. And the next thing we know, the crypto market either goes crashes through the floor or runs up to the past the ceiling, and you can’t catch them. The only way that that’s why dollar cost averaging exists is because that trying to chase the highs and lows is really difficult.
Now you can do some of it with with trading trading bots, where you can have trailing cells trailing, but if you’ve done it properly, you can you know, we can chase down those things. And you can you can set limits. But it requires a very strong technical knowledge and trading experience. And it’s just it was far too much, far too much effort for me, I’d rather make an overtime averaged out dollar cost average investors versus the average trading expert are roughly the same.
So if I don’t have to do the work of being highly technical in my in my technical analysis of a charge, and I can make the same as somebody who’s studying this and spending hours and hours and hours a day doing it, I think I’ll choose the lesser option because I can just set it and forget it. And that makes much more sense to me.
Mostafa Hosseini 22:43
Love it. So here’s my story. Last year, we got into crypto and we kind of formed a group, let’s call it a mastermind of friends who were interested, we were working together, educating each other, and the rest of it. I got into it. And then I think it was January, March last year, I believe, if I’m not mistaken. The Mark market was really think Bitcoin was at the highest. And so I had a few people around me who made a killing like they put in 20 grand what was that? The coin that Elon Musk Dogecoin Dogecoin he bought a bunch of Dogecoin at like seven cents.
And then they went up to like 30 bucks. And this guy was late, like his smile was up to his ears. And he was really happy and I was like missing on the boat I was trying to play catch up. And then like you said this market runs 24/7 So it literally that that fact kind of destroyed my life. As we had we had some money in and I’ll be up like at 3am Looking tried to see what happened to Bitcoin and the rest of them. And and then after a while I kind of gave up.
So we had some money that we weren’t touching some money that we’re trying to, you know, day trade and this and that because some and some people were making crazy amounts of money, day trading and this and that. And we’re like, oh, this would be amazing. If you put in 10 bucks and some shit coin turns into a billion dollars. That’s the opportunity we’re looking for. So that’s my story. And I’m wondering what has been that which didn’t work after a while I’m like this is not for me I don’t like charts and numbers and I don’t like chasing this thing.
I’m get out this would work if I put some money in there and I leave it and come back later. What’s been the strategy that’s been working for you for you?
Brady Patterson 24:46
Yeah, well, I mean they were by the way Yeah, no, I I feel the pain because I didn’t bring it up earlier but that was part of the reason that I lost so much money when I was first starting was I was chasing shear coins trying to like catch You know, trying to make a fortune, and, you know, I want on a few of them. But the losses, never really, I was like, I was always still, I’d be like, Oh, okay, I made I made awesome money, I’m gonna go into these projects now. And it’s gonna be awesome. I’m going to do so much better this time, and I’m going to be so much better on the technical analysis, and I’m gonna crush it.
And then I got crushed. And so I understand what you’re talking about. So what’s worked for me is, is number one, the dollar cost averaging into, you know, what would I would call blue chip Kryptos. Right. So that’d be a theory on Cardona, like top 10s. The The exception to this, by the way, and there’s a caveat goes with this is last week, for anybody that’s familiar with the crypto market, the number eight crypto in the market went from around $100 to zero.
That was Luna right? Guna. You betcha. And its ecosystem, right. And and that’s one of the things I used to teach very heavily, because it’s Illumina was one half of a pair of coins. So you had Luna on one side and USD on the other, which is a stable coin tied to the US dollar. It’s not so stable, apparently, as we can now tell, because if you look, I think it was like eight cents today, instead of $1. And it should be dollar for dollar for USD.
And so you have to, that’s, that’s a great example of why not just holding one particular token works, because you don’t know what’s going to happen. I mean, the chances of Bitcoin going anywhere are very slim. The reason for that being that there’s no inflation on Bitcoin, there’s never going to be more Bitcoin, there’s never going to be a lot of like, there’s no changes can be made to the code, the actual code of Bitcoin, like there’s, it’s just not likely it’s different than almost every other digital assets. And so it will, and it also has that kind of first adopter and huge institutional investment at this point.
So it’s probably not going to go anywhere, that doesn’t mean it won’t. That just means that it’s less likely than any of the other ones. But so I typically will go into a will dollar cost average into the blue chips, because I believe that that’s probably one of the better long term strategies. And then I split the rest of my and I do about 80% of, it’s probably more like 70 70% of my investment is just dollar cost averaging into those particular tokens.
So I just want to have free cash 70% gets allocated to the accounts that buy automatically. And then I do when the market drops, I might buy a chunk of extra Bitcoin or extra Cardano, or extra theory, or whatever it happens to be, if I see an opportunity to make some to increase my position, because I think that in the long run, they’ll they’ll they’ll do better. Then I took about an another 20% of my portfolio is focused on kind of, I would say medium risk investments where I look at ones that generate some form of yield.
And and that allow me to get out of them very quickly that they’re super liquid. And that’s one of the reasons I talked about presearch a lot because presearch is a node project a master node. And it’s essentially running the ecosystem for the projects. So you as a as one of the node operators, as you run the system or run the mining or whatever you want to call it. There. I’m not going to get too technical on it, but what it is, but it’s essentially a version of mining, and you buy the tokens, you stake your tokens, which are kind of act like a lottery ticket, you win the opportunity, once in a while your ticket is drawn, and you win that opportunity to write a transaction or a block onto the blockchain.
And that’s it that’s similar how to Bitcoin works as well. It’s just with Bitcoin and Aetherium. And proof of works, it’s more sheer computing power that does that’s right hash power. So I like masternode type projects, because you get to run that and they reward you with tokens. So and in particular, I really liked presearch as an example, which is actually we’ll end up talking about it later today. It’s essentially their their decentralized search engine. So they allow you to search the internet for topics like just like you would Google or Yahoo, or Bing or these other things, you use it just like you would a search engine, because that’s what it is.
But instead of Google controlling all the data set, and having all the servers collecting all the information, you are one of the node operators, you are one of the servers so it goes through you. So it actually in the end becomes much faster because it doesn’t require Google to have a server in this country or that country. It it allows things to happen in a much faster method. And it’s completely decentralized. So they can’t once it’s once the node is on two main nets, which is coming later this year. All that traffic is now turned over to the operators.
So we can vote and say we don’t like this thing happening. We can we can make changes to the to the entire infrastructure of the system. We have that ability to to modify things. That’s where the decentralizing and the other thing is, it’s anonymous. So All my search history isn’t being collected by Google anymore. It’s, you know, it’s my data, it’s anonymous. And so I can look at things and then not have to worry about being served hyper targeted ads and things like that. Now, as a marketer, part of me goes, I like I like the ability to run ads to people, right?
I love as a business owner, being able to put my offer in front of the right people. As a privacy advocate, I don’t like what the potential of algorithms can do to our, our decision making process, I, I like being able to make my own decisions and not have a computer, analyze every single thing. So to the extent that I’m not sure if it’s my decision anymore, and so presearch allows us gives us a tool for that and you get you earn presearch tokens just for using the platform. So every time you search something out, you earn a small amount of free, which is the token PRD. And if you’re a node operator, then you earn you weren’t percentages of the traffic that moves through your particular note.
And so it’s a great these types of projects, presearch, Gala, streamer, and many more are great. Passive are methods of earning crypto, and they’re fairly liquid, you can get in and out of them very fast. Now, are they the perfect solution? Is it No, they’re still risky, they’re smaller projects are not bitcoin is even Bitcoin as is a node, right, you can run it as a node. And so these all factor together, but lots of those things are expensive to get into now, like Galilei brought up but gala is $200,000 to buy, if you want to run a gala node, it will cost you $200,000 Just to get enough tokens to start the node.
So if you Yes, it’s crazy. So there’s there’s lots of smaller ones that are coming on board presearch, for example, I think you can get you can get on into presearch for under $500. Now, you can get into stream or for under $1,000 you can into these different projects with so it’s really attractive to people like us that want to add a crypto element to our business without having to spend a quarter million dollars for example.
Mostafa Hosseini 32:05
So you talk about node is not the same thing as as a mind like you become a miner. Do you do it on your computer? Essentially?
Brady Patterson 32:14
So yeah, so So a master node is to proof of stake blockchains what a bitcoin miner or a miner is to a proof of work blockchain. And so I can kind of explain that. So proof of these are consensus mechanisms. And essentially a blockchain is a distributed ledger. So it’s just a series of transactions just like you would find in an accounting system, right.
So that’s why blockchain is a list of the transactions are what happens on it, and everybody, and when it’s distributed, that means that everybody gets a copy, a minor in a proof of work, for example, Bitcoin, Aetherium, and many others Dogecoin, Kadena and lots of others, those, how the transactions get written to the blockchain, or how they agree is called a consensus mechanism. And then the miners are the ones that are rewarded.
And they’re rewarded by having enough hash power to solve a complex mathematical equation, that gives them the ability to write that block, and then they get rewarded in whatever token, it happens to be. So it’s, there’s some really great speaking of resources, there’s a really, really great YouTube channel that breaks this down called whiteboard crypto, and they’ll draw it out. It’s absolutely amazing the difference between proof of work proof of steak it because it takes a little more time than we really have to really break this down in a in a really good way.
But that’s how and I mean, I talked about it in my in my course. But in the meantime, for people that aren’t necessarily, you know, coming to the course, that’s a great resource for them is block is a whiteboard, crypto, you got it. And then
Mostafa Hosseini 33:57
a node is node a piece of software or a computer that you set up at home in your basement? And yes
Brady Patterson 34:03
and no. So it can it can be either or so typically, you can run a node from your own private server, right? So you can have a compatible, yes. And you can write most nodes can run on a small piece of software, right. So you can even run many nodes on like a Raspberry Pi, which is tiny, it’s just a tiny piece of a computer, it cost you like 50 bucks. However, lots of node projects, you can usually run one, maybe two different node projects or node node servers on one machine. And oftentimes, if you want to run multiple nodes of the same project, like presearch, for example, I run many nodes. And if you want to run a bunch of them, what you have to do is you have to you have to have a different IP address for every single one.
So you look at a virtual private server, right? So basically an online somebody, there’s computer somewhere and I’m renting server space, a virtual machine somewhere else. And that’s typically how most high most most of the projects are run is through a VPS, or a virtual private server. And that’s the node side of mining. So instead of, and the difference being that you don’t have to own any bitcoin or Aetherium, when you start mining, you just you turn on the miner, it starts putting out hash power and solving these calculations. And when it kicks back kicks back rewards. With a proof of stake blockchain, you put with a node, you have to buy the tokens first, kind of like investing in the miner.
And but the nice thing about the note thing is like miners eventually break down and wear out and you have to replace some or technology improves with proof of stake, you still own your tokens, because they mean they go up and down in value, unlike a miner, but you’ll still have you can get out of those projects if you want at a future time.
Mostafa Hosseini 35:48
So proof of stake with notes, you have to have, let’s say 20 or 30 ohms. And you would use that to run transactions against your own coins. Is that did I get that right?
Brady Patterson 36:06
Well, let’s use let’s use presearch, for example, you require to a minimum of 2000 presearch tokens, which are around 12 cents apiece, right now, to start up a node and then each of those tokens, it gets staked into your node. And though each token acts as a lottery ticket, and so it’ll randomly every time they write a block. It’ll randomly select a token from some from multiple people. And say you want you have the opportunity now to write this transaction to the blockchain.
And so there’s and there’s, there’s, it’s more complicated, there’s like a few of the the mechanism itself is more complex. And it’s it’s a long process to explain. But eventually, it acts as a lottery ticket for you to win that opportunity. And then you’re removed from the next cycle so that somebody else has an opportunity, and it just keeps cycling like that.
Mostafa Hosseini 36:58
Oh, bro, let’s let’s dumb this down. Like to go the average Joe. Yeah, understands what needs to happen. Tell me how much money I need to put in. And how much money I can get out. Be like, oh, here, put down 500 bucks. And this is what it’s gonna give you. I don’t need to know the technicalities. Yeah,
Brady Patterson 37:19
perfect. So with presearch, for example, we’ll stick to the one tot one piece you can get in for what is it? I said 12 cents, times 2000. So $240 for a token, or for roughly give or take. And then you’ll cost about another $60 for your virtual private server for the year. So what did we say that was? 250. So about $300. Okay, yeah. So 310. And so for about $300. You can and there’s some coding and things involved. That’s why a walkthrough, it’s, I have a guide on this particular process, because it’s one of my favorite projects.
For about, let’s say, after everything settled on, maybe it’s 350. Right. So for $350, and you’ll earn per node, roughly. And this is this is a sliding scale, because it depends on the reliability of the server. But typically, you’ll earn right now between three and four presearch tokens per day. So that’s say, let’s say three, let’s take that over a 30 day time period, that’s going to give you 90 and 90 times 12. She’s it’s 93. And three times 365. Don’t matter
Brady Patterson 38:45
Oh my My computer buttons up frozen up. But anyway, it should or if you’re putting in about $350, your first year, it should return you roughly about 20 to $30 a month.
Mostafa Hosseini 39:01
It will pay for itself within the first year.
Brady Patterson 39:04
Oh yeah, absolutely. It will, it pays for the services that you pay for. So for example, your VPS only ends up costing you 60 bucks a year so that you can you should technically recover your investments in for the whole year in three months. Love it. And that’s current. Later this year, they’re launching their main nets. And when that happens, they monitor it hasn’t been monetized yet.
When that happens, they’ll start passing on 20% of all ad spend because they have an ads platform 20% of all ads will get rewarded to the node operators. So that will increase again, significantly. So this is I’m I’m on a goal to have as many nodes in presearch as I possibly can. That’s my it’s by far my heaviest note investment projects and it’s the one I advocate for the most.
Mostafa Hosseini 39:51
I just want to buy. You buy one note, is that the terminology? Yeah, you buy one note of presearch Got it now set it up for roughly roughly around $300. Yes, that’s American or Canadian, American, American, so about 10 grand Canadian, you can set it up. But so $300 American, you can set it up and and then it will start producing money. And within the first year for what I understood it will pay for itself and the rest will be profits, I guess.
Yeah. So again, what I what I want to mention to say is, you know, back in 2015, and 16 and 17, people were talking about Bitcoin and they’re like, Dude, you should buy a little bit of Bitcoin. And I’m like, Dude, I have no clue about it, you’ve got to educate me What’s is it safe? Am I going to lose $100 Because I could, you know, go and Tim Hortons and buy coffee with that money, there’s probably be better pleasure, you know, return on that money. And I just came up with but dumb responses. And now I’m like, I wish I would have bought $100 worth of bitcoin back in 2015. Because by now I probably would have been retired. Right.
And so this is like, I keep hearing about examples. Like, you could set up your note with 300 bucks wanting to do it. And then I see myself, I’ve done this, I’m guilty as I could be, let’s see, a lot of people are like, you’ve got to convince me and I’m not sure about this stuff. It’s like, dude, put in 300 bucks, you can put in 300 bucks, right and see the results for yourself. So some of the stuff that this guy my friend Brady is talking about. It’s like the stuff and I think crypto is still in its infancy. And it’s got a long way to go. And it is changing the world.
And we just don’t have enough time to talk about the whole thing. So could you tell us about DBS? While we’re at it, tell us about your gift to you sharing with audience.
Brady Patterson 41:53
Sure. So I wrote up a gift that I it’s part of my crypto community that I teach, and I write up guides and stuff for them occasionally. And so I’m such a huge advocate of presearch. For example, I put together a step by step guide on how to actually build a separate first presearch node, it removes a lot of the complication.
Because there’s so many tests, there’s technical steps, like there is actual coding, you need to use some, it’s not like for the if you can’t turn your computer on and check your email, it’s not going to help you, right. But if you can follow instructions, this will be a guide for you to set up your first note, relatively simply, of course, like my emails connected to this stuff. So people can always message me if they have any problems.
And this guide allows you to do that very quickly, you can have your you could have your node up and running today, it’s very fast, it makes your longest thing, the thing that takes the longest is simply setting up the research accounts and getting approved to have that account to run a node. And that usually happens in less than an hour. So so it’s very fast.
Mostafa Hosseini 43:00
Love it. And for the people that don’t have a clue about coding, and they’re not tech savvy, you guys help them with that. I
Brady Patterson 43:08
actually put the code right in the in the guide. So the code that they need is right there, it’s there’s very clear instructions on replace this particular thing. Here’s where you get it in the pre search dashboard. Here’s the server that you would buy to VPS service. Here’s how to set it up within that VPS service. So everything is very clearly laid out.
Mostafa Hosseini 43:29
Beautiful. So again, if you’re interested in getting started with setting up your own note with presearch and get started start making some money and getting it sounds like an early stage of this game with the notes right now. Yeah,
Brady Patterson 43:44
I mean, not masternodes has been around for a long time, there was a big master node craze, like four or five years ago. However, with presearch, I think, with what they have coming down the pipeline, this is a pretty early phase. I’ve been buying it for almost a year, four or
Mostafa Hosseini 43:59
five years ago is relatively new and sounds like it’s still in the beginning. So one of those things, you should get in and put some money like I would even if you don’t want to put your life savings in it. Put something in there that later on, you’re like, you know, I’m really glad I invested and I listened to my staff and Brady and Brady shared his brilliance on, you know, crypto and his intelligence. I’m really glad I took that advice.
So the link is in the comments of the show. It’s a little complicated for me to kind of spell it out but you could find it love it so go grab and get access to Brady in his amazing PDF that lays out the step by step process on setting up to a presearch note and how to do that. Now. Right righty what tell us about defies What are defies what is d phi. So
Brady Patterson 44:56
D Psy d phi stands for decentralized Finance, it’s kind of an umbrella term for any financial services found on a blockchain, you know, in many, many different blockchains have it Aetherium, avalanche, Matic or polygon, or there’s many different blockchains that run it with defy, you can do most of the same things that a bank would support. So you can earn interest, you can borrow, buy lend insurance, or like all these different things, you can trade derivatives, you can trade assets, lots of things, but it’s faster, doesn’t require paperwork, or third party like you would with if you’re using a trading platform, a traditional bank.
Also, though, it, it comes with the danger of like, it’s radically taking control your finances, because there’s no recourse if something goes sideways. It’s a, it’s global, it’s a peer to peer situation remains. So as for me to Mustafa, for example, it’s not routed through a centralized system. And an example of deep like Bitcoin, when you it can be a defy, it’s not typically used that way. But you know, if you’re in Cardano, stuff like that, the problem is or not the problem. But the benefits are, of course, you don’t need to apply for anything, one of the easy sides, or one of the bonuses of defi. It’s like I have assets, digital assets, in this case, right?
I want to borrow money so that I can buy a new car, a new house, buy it, fix something, make another investments or whatever, right? I don’t need to pass that pass anybody else I can borrow physically, I can borrow real money against my digital assets. So I can say oh, and usually it’s around a 50% loan to value but I can actually pick and say, Well, I only want to do this much of that. So it’s very quick and easy to do. It’s flexible, meaning like I don’t need anybody’s permission to do things. And it’s very quick. In fact, if you’re whether you’re generating interest, or you’re making a transaction, it can happen in seconds to maybe a couple of hours, depending on what it is, versus days or weeks that you can see on the traditional markets.
The downsides, of course, are is being you know, the fluctuating price of the currency that’s happening, which means you can, you know, you take out a loan and a 50% loan to value and all of a sudden, now, it changes the price, and you’re sitting at 90% loan to value. So that can happen very quickly. So with that volatility, you can, of course, get liquidated and your asset be sold. However, the money you’ve borrowed to use elsewhere is still yours. So you would have you know, it limits your total losses by you know, your use that money elsewhere.
And the other part is, when a traditional market or whatever, or company, actually that would be technically called sci fi, centralized finance. Yeah, you have with a traditional market, that sci fi world, that transactions that log, you get a bank statement, you get a credit card statement, you get a trading statement, they provide all those things, they maintain those records for tax purposes, however with defy, you are responsible for your own tax purposes your own, and making sure that you’re sticking to the regulations within your own industry. So it’s, it’s very carefully it’s it can be wildly amazing and terrifying at the same time. So
Mostafa Hosseini 48:11
defi affecting the banking industry, like our banks currently going to be irrelevant, like in a few years, or are banks going to use this technology?
Brady Patterson 48:20
i Yes. And I think both are most likely. as, like, I see a number of different things coming like real estate properties becoming an NFT, or digital asset, right? So instead of having to go through a lawyer, a notary and all the other, you know, real estate agents or whatever, somebody will be able to list their property on a on a real estate website as an NFT. And somebody can just buy it, there’s no, and then you can already do auctions and things like that.
So it’s not going to affect things. And then that ownership will transfer unequivocally to the right person. There’s no chicanery or scamming or things that you see like I, you know, you know, as you know, that I’ve recently why I’m nomadic, and I’ve lived sometimes in Mexico, and sometimes in Canada, US and Colombia and other places. There’s a lot of like, stuff that happens, that doesn’t shouldn’t have to happen. There’s bribes that get paid, there’s extra fees that end up. And I think that you’ll see that as blockchains make their way into the more traditional markets that will start to dissipate. And you’ll see that happen. So I think banks will adopt it.
To a certain extent, I think governments will likely at some point adopt a cryptocurrency of their own. You’re seeing that already in China, and many other places. Bitcoin, of course, being a legal tender in multiple countries. Now, I think three or four, you know, the first one being El Salvador, although it’s not quite working out the way they had hoped for. But at the same time, it has a very positive it has the effect of where it’s going. I think we’ll have banks come on board with it because they just won’t be able to get out of it.
They can’t hide money, they can’t deny money and And I think it’s going to become I don’t expect the government’s will catch up soon enough. I expect we’re probably like 30 to 50 years away from the government being able to react because they’re such slow moving machines. But I would bet the banking industry is fully on board within the next 1520 years. I would and I would bet that in general, most many businesses, if people don’t incorporate cryptocurrency of some sorts, into their business, within the next 10 years, their business won’t survive.
Mostafa Hosseini 50:31
So a couple things I want to go over one was the word NFT. For people that are including me and have still have I have no clue what NFT is, and then taught Would you talk about incorporating it into business? Sure, well, give us like the two liner on NF T’s and what they are.
Brady Patterson 50:50
Sure so NF Ts are a non fungible token means there’s only one of them so it’s like a piece of precious art
Mostafa Hosseini 50:55
and that how do you how would that relate to your house like selling your house is NFT
Brady Patterson 51:00
so your your house can be minted as an NFT because there’s only one of them, like you don’t have copies of your physical home or property right. It’s a single piece so the you won’t be able to obviously put your actual physical home into a blockchain right but the the deed or the the paperwork involved that can absolutely be added NFT so it can be transferred for easily with ownership. A great a good way to describe NF T’s Is there a single digital asset and they’re non non duplicatable fungible assets are duplicatable, fiat currency, which is cash, right?
Canadian dollars, US dollars zero, those are fungible tokens, those are repeat like and they every time things go sideways, the government’s just make more of them, right just like print more, and we’ll make more of them. With NF Ts, it’s one, you can’t print more. You know, there’s, there’s a limited amount of them. And so it allows you to kind of take your asset and make it easy to control and, and, and see where the ownership goes.
Mostafa Hosseini 52:08
Interesting. So I know that that’s not that’s an a conversation for another day like that, we probably need another couple of hours to explore NF T’s and I know people are like selling NF T’s right, left and center. And they’re creating it out of art and music and paintings and drawings and designs and games. And it’s a whole gang if you’re watching or listening. I’m kind of tech savvy. I understand it.
I own a software, I understand software. And I am clueless about NF Ts and half the stuff that Brady is talking about. I’m like, Well, this is next level language for me. So that’s something that people need to learn up. Do you teach about NF T’s in your program?
Brady Patterson 52:57
I don’t teach my program. No, it because there’s multiple strategies of NF T’s and how they work. I have done some consulting on people using them in their business, whether that’s like to sell a course right? And NFT can have a password that’s hidden to only the owner.
And so the owner has to have a wallets ad that can open the NFT. And then it gives them a secure password to unlock whatever it is that you’re that they’ve purchased. So there’s some things around that. But no, I focus more in the course on you know how to build revenue generating sources for the business.
Mostafa Hosseini 53:32
Robert, so you talked about also using technology and blockchain and this whole thing in your business, give us the short version of where people get started or could get a start implementing this stuff in their business.
Brady Patterson 53:51
Well, first, the easiest solution would be to get a wallet address or wallets like a Exodus wallet or on any number of crypto wallets that are available. And not necessarily a hardware wallet. That’s not what I’m describing a software wallet so that you can receive currencies now, there’s a little bit of a process to set it up. But for example, I can accept curl if somebody wants to pay one of my clients wants to pay me I can charge them in Bitcoin. I can charge them in Aetherium all I need to do is give them my wallet address as long as they have that cryptocurrency they can send it to me. And it’s verifiable. There’s no middleman.
They can’t be like, Oh, it’s on the way or it’s this thing or it’s that thing. Or you can I know for sure they sent me the right amount of money. And they know for sure they sent me the right amount of money because it’s clearly showed up in the blockchain and it’s it’s irreversible. So it’s one thing I really liked because there’s a lot of scammers in the market on both sides, where they’re like hey, I you know, I bought this product and I’m just going to immediately refund and keep the thing and go.
Well crypto allows you to have more control over that process yourself, you manually can refund people. And rather than I mean, you may or may not want to do that, but it allows you to have more control over that particular piece of the process. And the way to do that would be like, you know, if you wanted to take a coin that’s not highly volatile, you would pick a stable coin. So a currency that’s a cryptocurrency that’s pegged to the US dollar, Canadian dollar, euro, whatever, USD C USD t stay away from USD right now you know, something that is stable and is tied one to one for $1.
So that way, it’s also easily accounted for in taxes are much more easily accounted than Bitcoin, which you take a Bitcoin payments, and all of a sudden, now it lose, it goes from 30,000 to 20,000. But you have to pay taxes on the whole thing, right? Even though your your cash in hand is more 20,000, not 30. Right. So there are some there are some things to overcome in that. The biggest thing about my training is more learning all the ins and outs, the dangers, the pitfalls, the risk levels, like what’s what’s highly risky, what’s not really risky, what are what are the definitions, because there’s a whole different terminology and cryptocurrency in the whole blockchain worlds that most people don’t understand. And we deep dive into it.
And I walk people through hand, like hand in hand through several different strategies, and I invest in front of them so they can see what it looks like to actually invest in a cryptocurrency to actually buy something to trade something to just set up one of these, like, for example, a pre search note or something like that. I’ll walk people through those particular processes.
Mostafa Hosseini 56:34
Tell us about your training that’s coming up and what what’s happening when it’s happening, what people will get out of it. Sure.
Brady Patterson 56:41
So next week, we start we’re in the I always teach it live because crypto changes so fast. And we do six weeks live, each week, I dive into a different area of the topic. So week one, it’s kind of like an intro, you learn more of the definitions and terminology and setup because we’ll need to do a few things to get ready if you choose to pursue what comes next. So in week two will actually I will invest into projects in front of everybody. And if they choose, they can follow along with me. And if they have any trouble, I’ll help troubleshoot the problem before them.
You know, and then we do know in week three, I get into a wrap up we go into Okay, was there any questions from last week? Here’s the next steps. Here’s the next level of risk here. Well, let’s explore this area. Here’s the next investment. Let’s get ready for that. Week four, we dive into that investment. Week five, we do the final investment in week six, we wrap up, we cover make sure they know everything they need to avoid Kryptos that get all their questions answered that they can, alright.
And a lot of people like I’ve had financial advisors go through my training, and look at and be like, Oh, this helped me understand this is too risky for my risk level. Right? It’s this is helps you set a baseline and where you want to add crypto into your business and in what capacity some people are not ever going to want to buy cryptocurrencies, but they might add nfts. Or they might decide that they want to run nodes or have a mining operation and theory of mining, whatever it happens to be.
And we go through those particular pieces step by step, piece by piece until everybody’s clear on which particular step we’ve covered is done. In fact, the training itself is less than an hour every every time we go through but I we go we have a huge q&a section where everybody gets to, you know, make sure they have all the technical side of things kind of wrapped up.
Mostafa Hosseini 58:27
So who is this course good for?
Brady Patterson 58:28
It’s good for anybody that is more in the entrepreneurial spirit wants to add a another revenue source to their, to their business, whether that’s a more passive one, we’re active one. So that works really good for that. If they want to start adding cryptocurrency as a form of payments, right, we can talk about how that happens, and how they need to add it to their business, because it usually has to be a separate thing they add.
And then it’s good for the typical investor just wants to find a way to or the typical, I would say it’s not necessarily an investor but a business owner or even any regular human, any normal person that wants to add a crypto portfolio to their background start adding a new stream of income. I found there’s a number of people for example, Alexander Inglis, from Vancouver. He’s a teacher, right, an ESL teacher and he wanted to add a crypto stream of income so that he didn’t have to just rely on His teaching and His teaching job. So he wanted to start a side hustle and so that’s what he did with with crypto.
Mostafa Hosseini 59:30
Love it and who is this not for? If
Brady Patterson 59:35
you have no technical ability, and you’re very much like anti tech, that’s going to be the biggest killer. It you have to be interested and willing to learn how to do technology. It’s not highly complicated when it comes to technical stuff like not simple like buying and selling Bitcoin is very simple. At its base level. It’s using a credit card or a bank, money transfer. For example, put money into accounts and And clicking a button like that, that part’s not hard. So if that’s all somebody wants to do, I can show them how to do that very simply. And then, but but if they want to start investing in these projects, you’re using multiple blockchains. You know, you’re using what’s called a bridge to transfer between blockchains.
And, and you have to calculate gas fees, which is the cost of, which is the transaction cost in cryptocurrency, they call it a gas fee. So there’s a lot of technical stuff involving if you’re setting up a node, you have to learn how to code, right. But you don’t have to learn how to code line by line, you just have to learn how to open up a terminal or some form of Linux command Code program that I walk people through, and it paste in the code. And that’s it. So it’s fairly simple to follow. But it’s definitely not for someone who’s not interested in learning technology.
Mostafa Hosseini 1:00:51
Got it. So if you run a business, and you are somewhat tech savvy, you, you and you want to support on incorporating this. What’s the word that we’re trying to incorporate here?
Brady Patterson 1:01:09
I’d say cryptocurrency into their currency, that’s
Mostafa Hosseini 1:01:12
the word that I’m looking for, as we’ve only been talking about it for an hour. So if you want to incorporate cryptocurrency, into your business and into your life, and you feel like you’re kind of behind on that, because this boat started about a few years ago, and it’s still in its early stages, and this is still a good time to get in.
And you’re like you don’t want someone like Brady, who has paid the price heavily, has gone through his spend a time has tapped into different resources to learn about this, and is now here to share the experience with you with the step by step by process on a weekly basis within a community with a bunch of people who are in the same boat, and they can serve and support you.
And if you run into any any issues, they’re there to answer questions for you that way. So if you want to tap into Brady’s wisdom, and work with other people reach out to Brady app. So that Brady, what’s the best way for people to get access to the course or to you to you? And how do they find you? Well,
Brady Patterson 1:02:18
the simplest way to access the course is go to crypto freedom formula.com has like all the what you’re getting what’s involved, and the process to like, check out and pick up the programming and get started next week. So that’s the simplest way. I’m found on LinkedIn under Brady Patterson, you see me I think I’m wearing black glasses. I think the bio picture that that Mustafa has here for me, that’s the same image that you’ll find with me on LinkedIn.
It may be under the Brady Patterson because I think Brady Patterson was taken. So you might find me there like that’s my adventures, you’ll find me on mostly on Instagram, if I’m take pictures, but the reality is, is I’m not super socially active anymore. I tend to stay off of social media, I spend time with my family, my wife, I spend time with friends, and very little time on social media. So the best way to do it is to write through the website. Start the program, get in touch with me if you have questions. I believe there’s a chat widget on the site, you can shoot me a message or reply to any email the system sends you so when you let’s say you’re curious, and you want to start by using the presearch guide I offered as a gift. When you get that guy just reply to it. And you reply to any email. I will get the email and I’ll follow up with you. 100%
Mostafa Hosseini 1:03:31
So again, to get a hold of Brady, go to crypto freedom formula.com It’s crypto freedom formula.com And you get tapped into Brady’s wisdom sign up for the course. And if if you actually sign up for basic Brady’s course, here’s what I’m gonna throw in. I’m gonna throw in a bonus for people that sign up for Brady’s course. Okay, so mentioned, mentioned Moustapha on when you when you see him or when you sign up, and then I’m gonna throw in a surprise bonus. Brady, how are you doing for Tom, do you need to run? Can I ask you some personal questions? No. Totally
Brady Patterson 1:04:15
awesome questions. I wanted to mention one thing around that too, that because you brought up the bonus, and I didn’t realize I didn’t even mention it. I had concocted a little special for Mostafa, because we’ve been friends for so long. So anyone that uses that, that uses that linking and picks up from estafa also gets a 30 minute one on one with me. So you can ask a crypto questions that are specific not just because some of you might have private questions you don’t want to ask in a group format. This is a great way to do it for how to have me look at something for you look at your strategy. It’ll add a huge boost to what you’re doing.
Mostafa Hosseini 1:04:48
You get access to get a free 30 minute session with Brady. I’m just going to post this others sign in Read the link above to get a free 30 minute session with Brady. All right, I’m just making that as a comment so everyone can see that. And then that’s very valuable. If you’re running a business and you’re starting with crypto, you have questions you’re not sure. A free 30 minutes session that’s worth its weight in gold. Now, Brady, let me ask you a few couple of personal questions. What’s a new thing you have tried recently?
Brady Patterson 1:05:27
New thing I’ve tried recently, bigger
Mostafa Hosseini 1:05:30
a small as small as a drink as big as flying to the Yeah.
Brady Patterson 1:05:36
My wife and I have been reading you and I’ve talked about this, we we’ve always loved animals. And so every time I go somewhere, I end up rescuing something and bringing it back to Canada and finding home for here. We started hosting, which I’m loving. And because not really hosting, it’s more petsitting people that house that don’t really need a house sitter, we usually need somebody to care for their little furballs. Or I’ve been really enjoying that experience. In fact, I leave on Saturday for a whole set where we have two cats and a 40 year old parents that I’m just fascinated by, you know, the parents can outlive their owner. So it’s, it’s I love it. I’ve been really enjoying that process. And I only my wife and I are very particular, we only choose homes of people that have homey homes we want we want to we want to end in places that we want to go.
Mostafa Hosseini 1:06:25
How do you find this house setting projects or opportunities? Most
Brady Patterson 1:06:31
we’ve actually been doing, I guess for what, eight years, so a lot of referrals over time. And then recently, when we went fully nomadic last year, we actually looked into a service. And so there are a couple of services around you know, finding health centers.
Mostafa Hosseini 1:06:44
Oh, wow, I didn’t know that. It’s a service for health setting. I’m gonna look into it in places that I like to go. Love it. Love it. Love it. So what are your top two or three favorite books of all time?
Brady Patterson 1:07:04
That’s a great question. I haven’t read so I think, well, one that’s really kind of sticking out for me, right now. was built to sell? Uh huh. That was a business. But most of my stuff is nonfiction. I would say build to sell was a great one. Another one would be work the system by Sam Carpenter. That was a great book on systemization for and there’s two sides to it. There’s the business systems. And then it also opens up like a conversation around what are the personal systems I can put in place to make my life easier? And I think probably the Harry Potter books, I’m, I love those books. I’m gonna go with the fictional one. I’ve, I’ve been reading those, I’ve reread them. I’ve read them. As since they came out, I don’t know how many times now they’re, I think it should be a mix of like you learn stuff, and you just have fun. Absolutely.
Mostafa Hosseini 1:07:59
I love fiction. So years ago, I got advice to kind of alternate between fiction and nonfiction. So I have time to digest all the nonfiction stuff and the fiction kind of activates, or reactivates DivX vision vision portion of your brain and fast the fantasy part of part of your brain. And when I’d read fiction, actually funny enough, I come up with ideas. Constantly.
Brady Patterson 1:08:29
That’s why I like the magical side of like those Harry Potter books it because the pot it’s so much possibility with pot and it fits really well into my industry. Possibility is a huge part of it. And I think that the world could use a bit more of it.
Mostafa Hosseini 1:08:43
Fantastic. What’s one advice that made a massive impact in your life or business?
Brady Patterson 1:08:50
You’re probably Jul Oh, no, oh, no. Oh, she’s from she lives in Vancouver. About 20. Some years ago, I was just exploring like investments and whatever and kind of had a conversation with her. And she made a statement, I don’t even know if it’s hers. It’s probably not hers apart from somebody else. But she’s the one who told it to me. And she said Your network will be your net worth, whatever. And she meant that in two different ways.
And she explained it she said that the you’ll become the average of the people you spend your time around. And then also, if you’re if it’s done correctly, and you’re authentic and real about how you do it, your network will be the thing that saves you when you’re at your worst. And I would say that that’s when I’ve had my worst times I’ve reached out to my friends, my community, whether it’s personal or business contact like you and I have known each other for a long time.
There’s things that I would probably reach out to you for if I was really in desperate need and I was like god dude, I need some help with something. Personally, I feel I could rely on you and I would contact you and just that have that peace of mind goes a long ways for me. Absolutely.
Mostafa Hosseini 1:10:04
Great advice. If you had a Facebook or a Google Ad where everyone on the planet with internet could see, and you had a message for people, what would your message be?
Brady Patterson 1:10:17
Be nicer, be kind.
Mostafa Hosseini 1:10:22
You don’t have to explain that. It’s nice, simple and to the point. Ready? This has been an absolutely amazing conversation. We could easily go on for another five hours. I’m sure we can. And I’ve known you for such a long time and every time we Hey, we have a chat I learned something new from you. You’re such a giver, you have such a such a, such a clean and clear heart, and gangly. If you’re watching listening, definitely reach out to Brady tap into his wisdom. And he doesn’t hold back. He is definitely nice and kind.
And so if you offer something, and I’ll be there it says Mostafa, and he should promote this for me. I want him to think about it. Right. So is there anything you’d like to talk about? We didn’t get a chance to touch on, that people should know. People should know. It’s something we want to mention before we wrap up?
Brady Patterson 1:11:23
I don’t think so. I think it Well, I mean, the world is in a state of chaos right now. And I think that it’s important to remember that this too shall pass like anything else. I mean, the world is always going to be in flux, we’re always going to deal with change. We’re going to deal with changes in governments changes in, in viral stuff changes in, in friendship, and communities and locations.
Change is just an inevitable part of being alive, including the time when we change and we’re no longer live. Right. So that would be the only thing I would talk about from like a public standpoint. And then the only other thing I was curious about was like, you know, your family. We haven’t had a one on one in a while. And I’m so curious how you know, the kids are doing and, and your wife.
Mostafa Hosseini 1:12:06
Good, man. Kids are good. Good. They’re growing. And yeah, my younger one is two and a half older one is six point something. And yeah, families good. I love ya. Good. Brother. Thank you, appreciate you and your time and sharing your wisdom, wisdom. AGang. Again, as usual, reach out to Brady, if you have questions about crypto.
And Brady is way more than just crypto. And he knows a ton about business about networking about if you want to be a real man, he can definitely help you. And so get in touch with him the guy is is as a as a wizard. And so yeah, thank you, as usual, please make sure to like and subscribe to the show and share it with people that could benefit from incorporating crypto into their business and into their life and they could get on this crypto boat and so they don’t miss it.
Right, already. Thank you very much. My name is Mostafa Hosseini with my guest Brady Patterson. And I look forward to seeing you guys next week. Have a great weekend. Take care. Bye now.
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FAQs
What is cryptocurrency investing?
Cryptocurrency investing involves buying and holding digital currencies like Bitcoin or Ethereum with the expectation that their value will increase over time.
What are the risks of investing in cryptocurrencies?
Cryptocurrencies are highly volatile, meaning prices can fluctuate dramatically. Other risks include regulatory changes, market manipulation, and security vulnerabilities.
How can I start investing in cryptocurrencies?
To start, choose a reputable exchange, create an account, and fund it. Research different cryptocurrencies and consider starting with small investments.
What is dollar cost averaging in cryptocurrency investing?
Dollar cost averaging is an investment strategy where you invest a fixed amount of money at regular intervals, reducing the impact of volatility on your overall investment.
How can I earn passive income through cryptocurrencies?
You can earn passive income through methods like staking, running a node in proof-of-stake networks, or using decentralized finance (DeFi) platforms that offer yield farming.