hello I’m Neil welcome back to the channel excuse me
we're on week five: every week I buy 100 pounds worth of cryptocurrency
and then see what happens over time and every week I think long and hard about
wussing out - even though it's raining - it's actually a thunderstorm at the moment
I thought I’m gonna go through with it this is my PayPal dashboard and I have
been buying cryptocurrency using the PayPal account and... and this thing on my face
is... it's a London taxi tattoo because it's the queen's jubilee weekend.
obviously let me recap where we're at
so I have spent over four weeks: 408 pounds and four pence let's see
how much that is worth in Bitcoin the Bitcoin I’ve bought each week
is now worth this figure here 381 pounds and five pence
so I’m down by about nearly 30 pounds but I’ve got good hope for this
my plan is if Bitcoin goes down in the week, then I buy Bitcoin and if it goes up in the last week
then I will buy a different cryptocurrency and it's been Bitcoin
every week over the last four weeks here is what Bitcoin has done in the last month
you know red doesn't mean good apparently let's see if Bitcoin has gone up in the last week
it's gone green! oh my goodness the value of Bitcoin
has gone up by 4.17% in the last week now this is... this is the first
time this has happened in five weeks it looks like it's had a little rally so it's a
bit of a shame because I did want to keep buying on the way down but I’m going to play the rule
Bitcoin has gone up so let's buy something else now I’m going to buy something easy and vanilla
because I’m scared and I could lose all of my money
so I’m going to choose one of the three other currencies that PayPal offers in its crypto tab
and it only offers these four currencies: Bitcoin, Ethereum, litecoin and Bitcoin cash
it's not going to be Bitcoin cash because that just sounds like a stupid made up cryptocurrency
that's not Bitcoin but sounds a bit like it also look at its logo
it's just green with the “B” tilted to a slightly different angle
I’m gonna go for Ethereum I know nothing about this but I
just thought I’m going to buy Bitcoin on the way down and buy other stuff on the way up so let's
look at what Ethereum has done in the last week it too has gone up it's almost as if it seems
to do exactly what Bitcoin does I’m sure that's not the case
but every week when I sort of take a peek at it that's what seems to happen
wow the rain seems to have ended this could be a good sign
by the way where's my manners my name's Neil this is the Dad delivers vlog where
I try something new every day and I tried signing up to
Binance and Coinbase or Etoro and each platform - firstly I’ve never heard of these companies
and yet I have to hand over all my personal details, date of birth and personal documents
Binance didn't even get back to me when I couldn't even get myself verified with them
so I was pleasantly surprised when I saw this crypto tab on my PayPal - regular PayPal account
I’ve got no stake in that at the moment other than my dwindling Bitcoin reserves so today I guess I’m
trying something new and that is: I’m going to buy some Ethereum
there's the graphic and the sound effect and I do that it's... it's
a very complicated process but I... all I do is go down to this big buy button down here
and then I type in what I want to buy now it would be a hundred pounds on the nose
but PayPal's fees drop one penny over 100 pounds: the fee drops from 2.3 percent
down to 2% so I saved 29 pence Over 5 weeks that's very nearly 1 pound 50 so
you know you're in good hands over here! so I’m going to make this 100
pounds and - excuse me - one pence I... I ate a lot at our jubilee party
we had a street party I had a lot of bacon rashers then I click on the big blue next button
and now it's presenting me with a review and buy dialogue
you can see my ETH - ETH - Ethereum it's fluctuating as I’m
dithering and talking with you the transaction fee is two pounds so I’m
going to pay 102 pounds and one pence let's hit agree and buy
I’ve done it you purchased 0.0682
Ethereum and already my 100 pounds worth of Ethereum is worth 99 pounds and 45 pence
I’ve... I’ve lost 50p just in the time it took to hit that button
so what happens now if I click on the crypto tab I’ve got
two different cryptocurrencies there are 18000 cryptocurrencies
maybe somehow I’ll work my way through them if you've got any... any tips or anything
you would buy if it weren't Bitcoin or Ethereum say hi in the comments and say what you would buy
because as we know the best financial advice comes from YouTube comments
I have a little uh summary here so I have spent 510 pounds and five pence and that 510 pounds
worth of cryptocurrency is currently worth 480 pounds and 79 pence
I have no idea if I’m going to see this through I’m planning to do this every week
for a year and I can barely afford that I thought if I don't lose everything then
at least I... I will still have some money and I’ll have the experience
and your company to see me through this and almost on cue the rain is now starting
to fall quite heavily if you want to see what my cryptocurrencies are worth right now
let's see in this playlist here down below is how I bought Bitcoin for the very first time on PayPal