- Hi guys, it's Mark.
So let me start off by saying this.
If you'd have asked me a few years ago about cryptocurrency,
then I would have probably just thought,
it was a waste of time.
I think lots of people had the same opinion as me,
but as I learned more about why it's so valuable,
and also the technology behind it,
I've completely changed my mind,
who said oldies like me were stuck in the past.
In one of my previous videos,
I invested a $ 100 into seven different digital coins.
So today, one month on,
I thought it'd be good to talk through,
why I made each investment,
discuss the profit or loss,
and also explain how you can invest,
if you're just a beginner,
all after you hit that cheeky light button
for the algorithm.
So let's start off with the original,
and the most well-known Cryptocurrency Bitcoin.
So, it might seem strange after being
so against Bitcoin and cryptocurrency,
that are now have over $70,000 worth of Bitcoin,
in my block five accounts.
So, I'm gonna explain a little bit,
behind my thought process,
about why it's a good investment opportunity.
As I mentioned before,
Bitcoin is extremely volatile which could be seen as a risk
but as the market fluctuates so much,
it makes it much more interesting for me.
The more I've been investing in Bitcoin,
I've noticed that it seems to find a support level,
and then it dips all of a sudden.
And that gives me a chance to buy even more.
Bitcoin has also been adopted,
on a huge scale with the likes of PayPal.
Now, fast tracking its rollout,
and allowing all eligible customers in the U.S.
to buy and sell and hold Bitcoin.
The more Bitcoin gets accepted
by the mainstream financial apps and software.
The more it gets ingrained in our society.
And therefore it's unlikely to drop below a certain value.
Something I've noticed,
when people talk about cryptocurrency,
they often refer to it as Bitcoin,
and the words are interchangeable for a lot of people.
I've even caught myself doing it a few times.
This is because Bitcoin has the first mover advantage
as it's the original.
This is the same reason why the iPhone
and the iPad is so successful.
Even once other technologies have caught up,
they still have that advantage,
as people know and trust them.
So let's look at the $ 100,
I invested in Bitcoin during my last video.
So we've made 32% return in one month,
which means we made a profit of $132 and 83 cents so far.
And by the time I post this video,
it might be even more as Bitcoin seems to be having a bit
of an explosion at moment.
Now, that could be down,
to Coinbase going public and all the buzz around that.
And that reminds me,
if you wanna pick up $10 of free Bitcoin
then feel free to use my Coinbase link in the description.
Number two,
Ethereum, Ethereum is the second most popular cryptocurrency
and also my second largest investment in the crypto world.
So, I chose to invest in Ethereum,
for a few different reasons.
I see a lot like Airbnb and Uber.
These were both very disruptive to their industries,
and Ethereum could have the same impact,
on the way we pay for everything.
The Ethereum technology actually made your money smart.
When you exchange your dollar for Ethereum,
it's almost like it goes into the surgery room to like that.
And it comes out with an Elon Musk chip inside,
it effectively giving it a brain.
I do explain more about this technology,
and how it works in my last video,
but he's a big reason why I think it's slightly different
from Bitcoin and therefore isn't a direct competitor.
So it should be able to grow independently.
Have think of it a bit like Lewis Hamilton and Tiger Woods.
They're both brilliant at the sports they do,
but at the same time,
they're not competing against each other.
I also happen to love both of these sports equally.
So I'm just gonna put it out there.
If I two guys fancy going head to head, give me a ring.
The thing that sealed the deal for me,
is that it's easy to trade,
and therefore its popularity and valuation is growing.
So, it was worth investing some money
and seeing where it goes.
Currently, the $ 100 I invested in last video,
is made 49% return.
Meaning I've made a profit of 1$149 and 9 cents,
which is better than the Bitcoin investment,
even though these returns are absolutely amazing.
I also think it's important to have some more
established investments in the stock market.
If you're from the U.S.
and you wanna pick up a free stock from the invest
in social network platform, public.com,
we're up to $50.
I'll leave a link below.
And if you're from the UK,
then free trader also given away free stock,
worth up to 200 pounds.
These free stocks are really a no brainer.
Yeah, just a way to get some free money.
Just remember to fund your account with a few dollars.
Now, we're getting into the real alternative coin territory.
Let's kick things off with Cardona.
When I'm looking for a good investment,
I don't always just look at the business,
or in this case the digital coin,
I look at the people behind it.
And if I believe in them, then I'll invest.
Not everything can be broken down into a spreadsheet.
The team behind Cardono,
I looked strong especially comparing their credentials
to other coins.
The founder Charles Hodgkinson was previously involved,
in the early development of Bitcoin and Ethereum,
which currently occupied the top spots.
I've always sold this way since I started my first business,
the bank manager that gave me the loan believed in me,
and not necessarily in my business plan.
I'm also very interested in the fact that,
businesses seem to be partner,
and with Cardano on such a trevalla.com,
who now let their users book travel accommodation,
using Cardano,
Cartano is also not currently available on Coinbase,
which was one of the most popular places to buy crypto.
This therefore makes it harder for people to access.
My thinking is when they add it to the platform,
the prices should increase,
as there'll be more demand.
My $ 100 investment is now worth $144 and 79 cents
in one month,
which gives me a return of nearly 45%.
These alternative coins might be less popular,
but I believe it's important to invest in a few,
as they have the potential to really they explode,
like in the early days of Bitcoin.
I use the Binance app to purchase this coin,
and the process was pretty simple.
The next alternative coin is LiteCoin.
This is actually one of the oldest cryptocurrency,
and it's based on Bitcoin's code.
I made this investment is in theory,
it should be superior to Bitcoin.
,However, it doesn't have that first mover advantage.
So I'm not sure that I'll ever catch up.
One of the issues with Bitcoin is,
that it takes 10 minutes to make a payment.
Whereas light coin is able to protest the same transaction
in under one second.
So just thinking about this in a practical way,
it would be much more convenient to pay for your shopping,
in light coin rather than Bitcoin,
as you wouldn't have to wait at the till for 10 minutes,
before you can take your shopping away.
Oh, they end up eating all the food at the checkout.
On the other hand, I don't think people see Bitcoin,
as a wife of paying for everyday items.
It's more of a store of value like gold,
I also think they theory them is a superior way to pay
for things because of its smart contract technology,
say in this,
I did invest a $100 as a bit of an experiment.
And that light coin is now worth $151 and 96 cents,
which is the best return yet a 52%.
This is another coin that is easily bought,
through the Coinbase app.
The next investment I'm really excited about is called,
Chainlink.
I decided to make this investment,
as I personally believe the smart money
is where we're going in the future.
If that reality becomes true,
then chain-link will be a crucial part of that journey.
Chain-link like the name suggests,
acts like a link or even a bridge,
between the new blockchain technology and the old systems.
We still use,
which aren't gonna be going away anytime soon.
Think of it a bit like a grandpa,
trying to talk to a 10 year old kid playing Minecraft,
that almost speak in entirely different languages.
And they sometimes need a bridge between them,
so they can understand each other,
which is often the kids, parents.
Of course, I wouldn't have any trouble,
because I'm down with the kids.
In other words, chain-link is crucial to things like,
small contracts is without them.
They wouldn't be able to access information they need
from our existing systems.
Well, Mark surely chain link.
Isn't the only technology that can bridge the gap
between the old and the new.
Yes, I do agree.
However, there is a lack of competition,
and chain-link is certainly the market leader at the moment.
So, that's why I think it's the best bet.
My $100 investment one month ago,
is now worth $132 and 81 cents,
which means I've made about 33% return.
Now, we come to Stellar,
which could be my favorite name of any crypto,
because it sounds a lot like one of my favorite films
interstellar.
My reasoning behind this investment,
is there is a gap in the market,
for a low cost way to transfer currencies across borders.
Just think about it whenever you have to pay someone
in a different country or even change your money.
When you go on vacation,
someone is always taken a cut off the top.
I certainly know that's annoyed me in the past
but Stellar is extremely cheap,
and actually could be the solution to this issue.
They've already built some major relationships,
with big companies, such as IBM and Samsung,
even after all of this, they're relatively unknown,
and have an extremely small market gap,
compared to the big boys like Bitcoin and Ethereum.
It's just an amazing technology.
That's being used more and more behind the scene.
My $100 investment is now worth $42 and 83 cents,
which if you haven't worked it out yet,
it's nearly 43% return.
I'm going to hold onto this one,
and see where it goes in the future,
is I still believe it will grow even more in value.
Number seven, Polkadot.
One of the main reasons I invested in Polkadot,
because it's a faultless network.
No, I'm not saying it just uses chopsticks,
or somebody like that.
What I mean by forkless is that the community never splits
and it never goes down a different path.
This happened in 2017 with Bitcoin,
and led to the creation of Bitcoin Cash.
Then Bitcoin Cash had the same issue in 2018,
when it split again, it's all a bit of a headache.
I like how Polka dot can improve itself,
without these hard forks,
and just upgrades itself seamlessly.
I believe this makes it a lot more versatile,
than a lot of its competition.
Think of it like a Charles Amanda,
eventually evolving into a Charles OD,
without having to be a different Polka dot.
My $ 100 investment is now worth $166 and 58 cents.
So, my five in the dot coin seems well-placed at the moment
with a 66% return.
This is another coin that isn't currently on Coinbase.
So, I use the Binance app to invest.
So as you can see, my total profit
if I sold today would be $321,
which means I've made 45.8% return,
without doing anything other than investing.
And don't think I forgot at the end of my last crypto video
I also invested in one full Bitcoin,
which at the time of purchase was $47,000.
However, at the time of filming this video,
it's now worth over $62,000.
This is a profit of just over $15,000 if I sold today,
but I'm not gonna do that,
because I wanna see it make a 100K Bitcoin to the moon.
So I'm gonna leave the next video right up there,
but don't click on it just share.
Make sure to subscribe for more videos,
and pick up your free stocks with the links below.
Okay, I'll see you over there.