4.8 • 6.9K Ratings
🗓️ 4 February 2018
⏱️ 73 minutes
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0:00.0 | If you have a little bit of common sense, you will catch trends when most people still think that they're, you know, |
0:06.0 | people still think in crypto as BS, you know, even it's funny. |
0:10.0 | Jamie Diamond, you know who this guy is? |
0:12.4 | He, he announced that Bitcoin is a Ponzi pyramid, whatever you want to call it, right? |
0:18.6 | Simultaneously, I know I'm friends with a guy named Brock Pierce who's the head of the Bitcoin foundation. |
0:24.2 | So I was over at Brock's house and we were talking about this. |
0:26.9 | I don't know if Brock's doing it, but Jamie Diamond simultaneously hired, I think, a hundred |
0:32.1 | blockchain developers to build out his own trading desk for crypto. |
0:36.2 | So Jamie Diamond's tricky. If you're in a room or at a table in Las Vegas, |
0:41.6 | and after 30 minutes you haven't figured out who the sucker in the room is, you're the sucker. |
0:45.6 | So lesson number one, I don't have my whiteboard. Catch trends before most people. |
0:58.0 | You'll make a hell of a lot more money. If you study economics, I didn't go to college, |
1:02.4 | but I did go for like one quarter in one class said in the long run, there's no excess profits in |
1:08.4 | anything. New entrance, enter into the game, they're more sophisticated. So in 2008, fast forward |
1:14.4 | seven years later, I got in the Facebook beta advertising program. Again, not really because I was |
1:20.8 | smart, but I kind of stumbled into it. I was at a conference or somebody and somebody's like, |
1:24.9 | there's a new thing coming out, Facebook ads. All right, let's try. I was doing my space ads |
1:30.0 | before then. 2015, I got into YouTube ads. Now I wasn't the first and you don't have the one |
1:36.8 | of the things that I'll say about trends. Alan Nation was my second mentor and he said, Ty, |
1:42.2 | never be the first or the last to try a new trend. So a lot of you in this room, |
1:47.9 | there's some things you can do in social media that are already being done, but not by |
1:52.0 | that many people. So there's still a big opportunity there outside of just Facebook ads. |
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