Transcript:How to Analyze and ICO( Initial Coin Offering)

In 1999 during college spring break, a friend and I decided to go to South Padre Island in Texas. This was about a 14-hour drive from Lubbock Texas. The drive could have been faster if we took a more direct route, but this was before smart phones so trying to map out back roads from Lubbock to South Padre Island seemed too risky at the time, so our plan was to drive from Lubbock to Dallas, then Dallas to South Padre Island.

As we were driving from Dallas to South Padre Island, we drove into Houston and immediately thought of our friend Curtis. Curtis was a friend of ours from Texas Tech and he used to talk about Houston aka H-Town all the time. And while driving through Houston, my friend and I, thought it would be a good idea to go find Curtis. The only problem was, we had no map and no address and we’re in one of the largest cities in America, no big deal. No big deal. We had that go old college drive inside us and we weren’t going to let things like having no map or address stop us.

So, we started to think what Curtis has told us about where he lived…The first thing we remembered was that he lived on the southwest side of Houston, he was always representing the southwest side… so we started taking highways to get to that side of town. Then we remembered he would say, the closest big intersection to him was Bissonnet and Gessner by the Sharpstown mall. We didn’t realize at the time that Gessner stretched across the entire city of Houston, so thank goodness we remembered that he was on the southwest side of town. We found the Gessner exit, then drove until we saw Bissonnet and Sharpstown mall. Once we came across Sharpstown mall, we remembered the final pieces of the puzzle. The first was the street name…In the dorms, we would play pranks on each other all the time and one-time, one of these pranks involved Curtis’s driver’s license. Having only a slight recollection of that event, I remembered that his street name began with an R. So we drove until we came across the first street we could find that began with the letter R. Now it was time to locate the house, if this was even the right street. We really had no idea… We remembered Curtis saying that he lived in a 2-story house and had a basketball goal in the front of his house. So we drove up and down this street and saw several 2 story houses and several basketball goals in front of the house, but only one house that was 2 story and had a basketball goal in front.

We knocked on the door and thankfully that was the right house. We spent some time visiting with Curtis and his family, played some dominoes and then headed off to South Padre Island.

Sometimes you don’t need to know all of the details to arrive at your destination.

We didn’t have the directions to Curtis’s home, But what did we know…

We knew the side of the town, major cross streets, the name of a mall in the area, the first letter of the street name, how many stories the house was, and that it had a basketball goal in the front.

The same kind of deductive reasoning can be done, with partial information when it comes to analyzing an ICO or Initial Coin Offering.

What is an ICO or Initial Coin Offering? An initial coin offering is cryptocurrency’s rough equivalent to an IPO in the mainstream investment world. Essentially an ICO has 2 main goals – to raise capital for the cryptocurrency company and to initially supply their cryptocurrency to the market to be used and or traded.

Prior to a coin’s ICO, the cryptocurrency company typically releases a whitepaper that states what the project is about, what need(s) the project will fulfill upon completion, how much money is needed to undertake the venture, how much of the cryptocurrency the pioneers of the project will keep for themselves, what type of money is accepted, and how long the ICO campaign will run for. These whitepapers along with other company literature can not only be extremely complicated but they can be quite large as well, sometimes over 100 pages long. In addition to the whitepapers, a cryptocurrency company will typically release other pertinent information about the company as well, in regards to marketing, leadership, and overall strategy.

Now having worked as an analyst in the cryptocurrency space before, I can tell you that most people are not going to look through all of the information that a company supplies before making an investment decision, but in my opinion, you really don’t need all of that information anyway. Today, I want to talk about the 8 areas of should focus your research on, PRIOR to investing in an ICO.

Let’s Go.


The 8 areas you should focus your research on, PRIOR to investing in an ICO.

#1 The Mission Statement – Cryptocurrency is a unique meld of technology and an investment, and a cryptocurrency companies mission statement should clearly outline their coin, their target audience and their competitive advantage.

#2 Utility – What good are you? Does the cryptocurrency you’re analyzing have any value outside of investment value? This is important when trying to determine the long-term investment viability of a particular cryptocurrency.

#3 Competitors – Who are the competitors? You wouldn’t start a business without knowing if there is any competition, the same goes for cryptocurrency.

#4 Hype Meter – What is all of the excitement about? Are people excited for the release of this coin? This can be extremely helpful in determining the short-term investment viability of coin.

#5 Token Supply – In economics, when you increase money supply, things are expected to happen that would affect the economy, like an increase in economic growth, a decrease in unemployment and an increase in inflation. You should always know the token supply and how certain actions of cryptocurrency company could affect the value of your asset.

#6 Leadership and Advisors – Who is in leadership? What value do they bring? Have they been there before?

#7 Red flags – It is very important to be aware of anything that even remotely resembles a red flag. One downside of the lack of regulation is that there are lot of scams out there. Not all red flags are deal breakers, but all red flags must be looked into.

#8 Competitive Advantage – Why would an investor pick this coin as opposed to the thousands of other coins out there?

These areas that I have just briefly discussed are the base for our most comprehensive course yet. I have taken my professional experience and put into a class to show you how to analyze an ICO like a professional. I highly suggest that anyone that is serious about investing in an Initial Coin Offering, take this course. For more information and to get on our waiting list for the course, please visit our website.

As always thanks for tuning in, if you liked what you heard, please tell a friend and please subscribe on itunes. Also Check us out on social media – that’s Instagram, Facebook and Twitter all at The Donald POV. Till next time, I’m Donald Fittsgill Jr and this is the Donald pov.

Transcript: Here come the Boom –

In 2002, I began working at my first job out of college, this was at a small self-directed brokerage in north Fort Worth called Ameritrade. Ameritrade had just merged with another self-directed brokerage based out of new jersey called Datek. Datek at the time was one of the only if not THE only online brokerage that offered Level 1 and Level 2 Streaming stock quotes to regular investors.

Now, When I first walked into the Ameritrade building the first thing I noticed was how empty it was. There was a huge sea of cubicles. In fact, the distance around all of the cubicles measured ¼ of a mile long. This place was huge. But the interesting thing was that there weren’t many people IN the cubicles. Only about 5% of the desks were occupied. 5%...We would make jokes about turning part of the brokerage floor into a bowling alley, at least that way we would get some use out of it. What I was told was that during the Dot.Com boom, there were tons of employees, optimism was high, and many people at all levels made tons of money due to their stock appreciating in value. This massive stock appreciation enabled many people at Ameritrade to retire, so they did. Many others continued to work through this boom, until this boom turned into a bubble and the bubble collapsed. And when the bubble collapsed, people and companies lost fortunes. And Ameritrade like many companies during the Dot.Com Boom, had to layoff tons of employees to stay afloat. In fact, my training class in 2002, at Ameritrade was the first class hired after the big layoff.

During the Dot.Com boom investor enthusiasm and speculation were the catalyst for massive demand in tech companies. These companies had market capitalizations that far exceeded the actual value of these companies. Nothing sells like greed. And everyone thinks that they are an amazing investor during a Bull market. I mean if everything you touch turns to gold, you are probably going to do whatever you can do to make more gold. And that’s what happens during these booms. A lot of money can be made or lost very quickly. It is a high-risk game, that many of us, like myself, love to play. And if there is any advice I can give its this, before you get in, know when you want to get out. Up or down, know this Before you invest and your decisions will be a lot easier down the road.

Today, many believe we are in a new boom. This boom is cryptocurrency. Cryptocurrency is a digital asset designed to work as a medium of exchange, that uses cryptography to secure the transactions and to control the creation of additional units of the currency. I know that was a mouthful, so I’ll just say that cryptocurrency is a digital currency. This year we have seen an explosion of upward growth in the cryptocurrency market led by Bitcoin. This growth has been fueled by many factors including global uncertainty, lack of faith in Central banks, speculation, enthusiasm, and last month the Japan government recognized bitcoin as legal tender.

So, what does this mean for you, is Cryptocurrency a good investment or not? Are we in a boom, bubble or unchartered territory? I’ll answer all of these questions and more on the next podcast, so please be sure to tune in.

Well folks, Thanks for tuning in. If you like what you heard, please tell a friend. And feel free to connect with me online at thedonaldpov dot com and twitter at the donaldpov. For those that have inquired about private investment education, I’m pleased to announce that I NOW offer private instruction via Skype, so please send me an email for more information. Also, for the business owners out there, feel free to check out our Voicemail Services page, because we can help you sound really really good. Like really good.

Till next time, I’m Donald Fittsgill jr. And this is the Donald POV.

Transcript - Tales from the Cryptocurrency –

The stock market globally trades an average volume of about $200 billion a day

The Bond market globally trades at an average volume of about - $700 billion per day

In comparison, the Foreign Exchange market, or Forex market, trades somewhere around $ 5 trillion per day. The foreign exchange market is the market where investors are able to buy, sell, exchange and speculate on currencies. And this is done virtually around the clock.

The foreign exchange market is the largest financial market in the world and the only thing that is traded is money. Its only money.

Money is defined as something generally accepted as a medium of exchange, a measure of value, or a means of payment. Throughout history, there have been lots of different types of money. In fact, just in my lifetime I can remember working at Taco Bueno at 16 and only accepting cash as a suitable form of payment. Today you can use cash, credit card, debit card, or even your phone to pay for your Mexidips and Chips. As technology gets better and better, we appear to be moving further and further away from using cash as a form of payment.

Which brings me to cryptocurrency, As I stated in the last episode, Cryptocurrency is a digital asset designed to work as a medium of exchange, that uses cryptography to secure the transactions and to control the creation of additional units of the currency. In 2009, Bitcoin became the first decentralized cryptocurrency. Since that time Bitcoin has seen its price rise from .0001 cent to about $2600 a coin. The market capitalization on Bitcoin is currently about 43/44 Billion dollars and because there is a finite number of Bitcoins available, as demand increases so will the price of Bitcoin.

So that begs the question, what is it that causes demand to increase for Bitcoin or any cryptocurrency.

Recently, Japan recognized Bitcoin as a legal method of currency. South Korea has also increased investments into Bitcoin. India is currently examining the existing framework around Digital currencies and Depending on their findings, which is expected to happen in July, this could signal another jump in the price of Bitcoin and other digital currencies.

In general, uncertainty seems to work in favor of the digital currency market, causing investors to seek currencies that are not directly correlated to the stability of a countries central bank. In that regard it seems like digital currencies would be a great hedge for many people.

However, it’s not without its controversy though. Because of the encrypted nature and anonymity of these currencies, they have become the medium of choice for a lot illegal activity – drug deals, money laundering, and extortion. So, for these reasons some countries are a little slow to come on board and fully embrace cryptocurrencies...At least until they can find a way to regulate it and/or make money from it.

So, it this a good or bad investment? Are we in a boom, bubble or is this thing about to burst at any moment. Well, I’d be lying if I said I knew with absolute certainty what the answer to that question is. But I think we are the early stages of a Boom. I believe this train is just now picking up momentum and 10 years from now many people will be asking themselves, “Why didn’t I invest in this sooner?”

I think the hardest part about investing in cryptocurrency is deciding which one is best for you. Currently there are over 700 different cryptocurrencies on the market. The top 10 by market cap are as follows – Bitcoin, Ethereum, Ripple, Litecoin, Ethereum Classic, NEM, Dash, IOTA, Bit shares, and Stratis. But the question is which one will rise to the top and be the clear cryptocurrency of choice? I recommend before you invest in cryptocurrency to read what separates one currency from another one, see which ones appear to be built for the long haul and then just enjoy the ride. Look this is clearly a speculative investment so it doesn’t make sense to invest a large portion of assets in this market. You should see this as an aggressive investment in your overall portfolio. Not the only investment in your overall portfolio. Make sense?

Well folks, Thanks for tuning in. If you like what you heard, please tell a friend. And feel free to connect with me online at thedonaldpov dot com and twitter at the donaldpov. For those that have inquired about private investment education, I’m pleased to announce that I NOW offer private instruction via Skype, so please send me an email for more information. Also, for the business owners out there, feel free to check out our Voicemail Services page, because we can help you sound really really good. Like really good.

Till next time, I’m Donald Fittsgill Jr. And this is the Donald POV.

Transcript: Bitcoin to the future -

You may recall in episode #11 in June of this year 2017, I told you that I thought we were in the beginning of a boom for bitcoin. The price at that time was about $2,800 a coin. You may also recall, I referenced Bitcoin in episode #21 as well. At that time, the price of Bitcoin was $7,400 a coin. AS of December 13, 2017, @ 11:00 am CST the price of Bitcoin was $17,000 a coin. $17,000 a coin. Now, there are many investments that have experienced that kind of growth over the course of a year. Most of those investments are illegal, but I’m sure there were some legal ones as well. Maybe…You see when I said I thought we were in the early stages of a boom for Bitcoin, I had no idea that it would explode the way the it has. And my position now, is still the same as it was then. Bitcoin should be considered a very aggressive/risky position and should only be invested in, if you have the money to do so. In fact, the violent moves up and down are too much for most investors to stomach. So, what is moving the price of Bitcoin now? Well, first of all demand has once again surged pushing the price upward. This typically creates a barrier to entry. I mean, if the price gets too high, who can buy? But with Bitcoin, you are able to purchase a piece of a coin. A person can invest $100 and buy a piece of bitcoin. Kind of the same way you can buy a bar of gold or you can buy an ounce of gold or even a gram of gold. But its not just that people are buying, its that they are holding. Most people right now are buying Bitcoin to hold, not to use. In part, because at least in U.S., there aren’t that many places you can use it. But as we move closer to the end of the year, we’re starting to see more acceptance for cryptocurrency in normal commerce. In addition to accepting Bitcoin, Microsoft is now accepting the cryptocurrency, IOTA. Mariah Carey, Toby Keith, Motorhead, Fall out Boy, G-Eazy and about 40 other musicians are now accepting the cryptocurrency Monero, online as an alternative payment method for their music. In addition to the increased demand and increased acceptance for cryptocurrency, on December 10, 2017 CBOE, the Chicago Board Options Exchange, has created a futures security for Bitcoin. Creating a regulated security in a reputable exchange like CBOE, has added to the legitimacy of Bitcoin. Bitcoin futures allow investors to trade bitcoin based on their outlook or hedge their bitcoin risk. It also allows investors to get exposure to Bitcoin price moves without actually holding Bitcoin. Futures are similar to option contracts as they allow investors to speculate on future prices. In general, speculating on a volatile investment is seen as very risky and Bitcoin futures, are no exception. This is an extremely risky investment, but the biggest returns often times carry the biggest risks. For next year, some are predicting Bitcoin to reach $40,000 a coin. Some are predicting Bitcoin will crash and burn and be worthless by year end. Good news for them, there is a futures contract for both of them. I personally don’t think either will happen, but I am more bullish than bearish on Bitcoin. So If you’re invested in Bitcoin, like I am, then my advice is to hold on and enjoy the ride and let’s see what 2018 brings. Till next time.

Well folks, if you liked what you heard please subscribe on iTunes and please tell a friend. Also feel free to check us out on FB and TWTR at The Donald Pov. You can also find us online at Thanks for tuning in, till next time, I’m Donald Fittsgill Jr and this is The Donald POV.

Transcript: Cruising down the blockchain -

The other day I was playing poker at the casino, when I overheard a conversation about cryptocurrency. Someone was explaining how he was day trading several cryptos and the success he was having. As the conversation went on, the person that was day trading cryptos started explaining stop loss and stop gain orders, which is simply a limit order, but nonetheless as I listened to the conversation I couldn’t help but wonder, how much did he know about trading prior to cryptocurrencies? What I’ve noticed is that, there has been an unintended result that has spawned from cryptocurrencies. You see cryptocurrencies has opened many people eyes to the world of investing. I know many people who never even thought about investing in anything, until the rise of cryptocurrencies in 2017. This excitement has poured over into the stock market. This is a good thing. It is a good thing for there to be more demand in the stock market. It’s economics 101, when demand increases, and the supply stays the same, prices go up. But as we enter into the world of investing for 2018, I’m curious to see if this excitement can continue. I have no doubt that cryptocurrencies will still be around by the end of the year, but what I don’t know is what currencies will rise to the top. Remember cryptocurrencies are based on technology and when it comes to technology, it doesn’t take very long for something to become outdated…Remember MySpace, though MySpace is still around, I can remember when MySpace was the only social media site and it was awesome. But then came Facebook and Twitter and Instagram and MySpace seemed to fizzle away just as quickly as it gained prominence. Now I’m not saying that Bitcoin will fizzle out, if I knew that it would fizzle out by the end of the year, I would short Bitcoin today. I’m simply saying as you cruise down the blockchain looking for something to invest in, try to find items that at least appear to be geared towards the future.

An interesting blockchain/token that I came across the other day is EOS.IO. EOS.IO is an open source blockchain architecture that appears to have solved, or claimed to have solved, one of the biggest problems that its competitors like Ethereum have, speed. By designing the blockchain to be vertical and horizontal they have greatly increased the speed in which transactions can be performed. With speed comes scalability. A blockchain is just a different way of organizing a database, secured with cryptography. Large companies want to know that as their transactions grow, their experience (and client’s experience) remains the same. EOS.IO architecture can potentially be the answer to their scalability concerns. The downside is that US citizens can’t directly participate in the token distribution process, not without some technical workarounds, that are not sponsored by the developers of EOS.IO.

So, then could EOS.IO be the next Facebook? Or is it the next ConnectU, Friendster, Orkut, or Digg? Never heard of any those…exactly. Till next time.

Well folks, thanks for tuning in, if you liked what you heard please subscribe on itunes and please remember to connect with us on FB @the Donald pov and be on the lookout for the new interactive elearning course coming your way. 100 lucky people this year, will receive this life changing course for free. Connect with us on FB @ The Donald POV for more information. Till next time, I’m Donald Fittsgill Jr and this is the Donald pov.

Transcript: Alt Coins - Current

Today I want to look at the cryptocurrency Current. That’s C-U-R-R-E-N-T. This podcast is not a recommendation for or against Current, it is simply an analysis of this new blockchain technology. Be warned this could get a little technical.

Current is an incentivized, blockchain-enabled streaming ecosystem that lets you choose how to stream and pay for your media.

First and foremost, Current is a multimedia platform. Current has aggregated several media platforms into one. Allowing you to search for an artist on one app and have search results returned from Spotify, YouTube, Soundcloud, Twitter, Facebook, and more. The different media platforms can quickly be accessed with the swipe of a finger, and played inside of the Current app.

The app has 200,000+ users and 35% of users are retained by day 30. As a point of reference, popular companies like Pandora, Netflix and Snapchat all have “day 30 retention rates” that hover around 6.5%. It will be interesting to see if Current can keep the high retention rate as they scale. If they can, this will great for ad revenue and their overall business model.

The protocol interacts within the Current platform in addition to any other host media network. It is designed to incentivize consumers to play media and rewards them based on their consumption time, data shared and contributions within the ecosystem.

The token, CRNC, (pronounced currency), will be used to reduce or eliminate premium subscriptions to content providers. Creators and advertisers can use the tokens to buy ads on the platform. And Currency, like other cryptos, can be traded on 3rd party exchanges. Every time a token gets paid on the platform several entities benefit, consumers, creators, curators and the referrer.

The leadership is strong and has experience in creating successful consumer and media products, that have generated millions in revenue. The leadership has surrounded themselves with a very impressive team of technology and blockchain experts. Billionaire Mark Cuban is arguably the most noteworthy advisor, but they also have many blockchain CEO’s and engineers that are a part of their team as well.

The competitive advantage that Current has, is its innovation. And as far as I can tell, there isn’t a competitor in this unique space that they are occupying. Current has found a way to make people’s life a little easier, by aggregating media and paying you to be active on their platform. By the end of Q2 2018, they will have a free and a paid subscription model. The free model will of course contain ads.

There is also a new feature coming, that allows users to legally download any content for offline accessibility. This works like a DVR and stores the media on a virtual machine. There will be safeguards put in place to prevent fraud and illegal distribution.

They also have projects that are called, “Beyond Phase 2”. These are long-term goals focused on their platform and protocol. What the Current team is showing is that they are here for the long haul and continually looking for ways to set themselves apart.

They have created a sustainable business model, that will see revenues from subscriptions, vendor advertising, and curation fees. Most of the content within the platform has been curated by Current.

They are expecting to supply 1 billion tokens to the marketplace, 35% of which will be offered for sale. 35% is for mining rewards, 17% is for the team and advisors, 10% is for Community Growth and Strategic partners and 3% is for the Current Foundation.

So, what do I think about Current?

My outlook on Current is strong, both for short-term and long-term. They have a strong community that is very excited about Current and for good reason. The leadership has surrounded themselves with very smart and capable individuals, with a massive amount of experience in this space. They have figured out a platform and a protocol that incentivizes people to come and stay. If this is successful, this could be game changing for apps. Creating win, win, win, opportunities for all of those involved. My only question is how do they convince people of their value? It’s not enough to simply create value, you must convince people that they NEED this value. The good news for Current is that one of their advisors, happens to be an award-winning marketing savant. Which is good.

So, Is this a good investment for you? That’s for you to decide.

Current is an Alt coin, or an alternative coin. And an alternative coin, simply refers to cryptocurrency that is not Bitcoin. What’s good to keep in mind, is that we are still early in the life-cycle of cryptocurrencies. As we move forward, expect more companies to get smarter and more innovative when working with this technology. That’s the way technology works. It builds on the back of older technologies. The cryptocurrencies that rise top to the top will be the ones that stay ahead of the technology curve

Till next time.