I'm discussing Blockchain technology should we invest into cryptocurrencies why this
is something we might not want to miss in different things we need to keep in
mind into the cryptocurrency world you're watching the should I buy it show
episode 4, stay tuned!
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hey everybody I am Sam and this is Entiversal! you're watching the fourth episode
of the #SHOULDIBUYIT show in it we're talking about interesting technology
innovations talks and all kinds of exciting potential investments trying to
see if there is value in them and should we buy it today we are talking about
cryptocurrencies and crypto world as a whole
I'll share with you my point of view on should we invest into cryptocurrencies
am i invested in some cryptocurrencies and the different things we need to keep
in our minds if we want to get involved into this world if you watch previous
episodes of the should i buy it show you already probably know my standpoint on
Bitcoin and the video is linked in the card section which is on the top right
of your screen so go ahead and watch it in it I say that I cannot value Bitcoin
and that's the reason I cannot invest into it because of its movements are
fueled purely by speculation it is based on sentiment you know people think that
it will go high and that is why it goes high but the moment that the sentiment
is damaged the moments that there is panic the thing could crush so hard so
fast that it will be very painful as you already know my standpoint on the big
script currency out there let's get into the whole world of cryptocurrencies
because there are so many out there and they are quite different actually so let
me begin with the foundation most cryptocurrencies are based in some way
or using the book chain technology and I'm very fascinated by it I believe very
much in it I believe the book chain technology has the potential to
revolutionize not only our financial system but the way which we'd value and
we exchange value and let me elaborate on it so first of all the web box chain
technology work it receives different transactions core information
and through our rhythms it verifies them and stores the data into a chain
of books as the name suggests that means that there is full visibility on all of
the transactions in information so fraud cannot be made someone cannot steal your
money and that is why I believe it could really revolutionize the way we exchange
value because it basically makes contracts it makes contracts on the fly
and we know what we are getting and that's basically what money physical
money is trying to achieve right the only way I can go and exchange some kind
of goods with somebody I don't know it's through money because I sell them
something and I receive money and that could be paper that could be some kind
of numbers in my bank account but I know that the money are guaranteed are
supported by the government or by the central bank or some kind of third
entity that guarantees me that the money has value and I know that I'm getting my
value back and I can use it on something else
and doesn't think that money and trying to achieve but that's are their weakness
too because we always need some kind of third entity that cares quite a lot of
control over us and over value as a whole while with work chain this code
entity the control is spread across all participants into the system that's why
we can all gather together decide on the rules we want to follow and then all of
us if we want to trade value we need to obey them there is no way we can go
around those rules because everything is visible and verifiable and that's why I
believe book chain is not only about money it's about contracts
it's about applications it's about secure services it could revolutionize a
lot of very very important sectors in our life I'm very fascinated by it and I
believe very much in it and a lot of big companies governments are supporting it
and trying to work on it exactly because of that of course different
cryptocurrencies the book chain technology in different
ways so it's not to say that all cryptocurrencies are useful are good
quite on the contrary there are a lot of coins out there and a lot of tokens that
basically don't solve anything or you know they want to solve something but
then there is nothing yet damn there is no innovation there is no
development and so on but I'll talk more about that in a second so we looked at
the book chain technology the foundation of most cryptocurrencies and as I said
it is great technology but now let's look at the money side the financial
side and sadly most of the spotlight is actually taken by the money and the
incredible gains made which I believe tricks a lot of people because investing
is not about gambling it's not about thinking about the money it's about
thinking about fundamentals and about the value so as I said book chain
technology and a lot of cryptocurrencies have the potential to absolutely shift
the way we treat value but the shift of cryptocurrency is becoming new
investment sector is actually happening very fast and I would definitely say
that 2017 was the year of eruption of cryptocurrencies and the cryptocurrency
world as of gains and Wow as I said that could be bad because a lot of people
might get cheated into that without realising because it's like euphoria
right people don't think and it's very very easy to get into that and that's
what I really want to stress in that video wow as you might have guessed I am
already invested into cryptocurrencies and I support some of them I do not
support most of them and most of all I do not support just throwing money in
them you know you should keep your mind off the gains and the money but keep
your eyes on the target and on the fundamentals and on the technology but
you know no one can deny that the shift of money pouring into cryptocurrency and
cryptocurrency world and the gains are unprecedented
in the metal of a year or two people with you know $500 with a thousand
pounds chef or can have become millionaires I mean there is nothing
even coming close to that in stock market or wherever else you know you
can't even compare it the Dot Com rise and then crash eventually because
it's much higher and let's look at those gains that's Ethereum probably the
second most famous two currency out there so back on the 4th of January 2017
so that's exactly a year ago ET reom was 11 dollars at the moment of speaking is
959 that is crazy you can see the chart that is crazy so obviously for a year
you could have made gains that you could not have made into the stock market for
decades okay it's even more than decades probably that is crazy and let's look at
three points even more interesting look at that chat oh my god he just
ridiculous to look at it so exactly a year ago Ripple was zero point zero zero
sixty two dollars okay at the moment it is three dollars and 60
cents a what are those cryptocurrencies and I think actually ripple is the
cryptocurrency with biggest game they've get thousands tens of thousands even in
repo hundreds of thousands percentage gain in a year simple people with no
much of money could have become millionaires in a year so you know no
one can deny that shift and disapper tunity and that's why I believe and
that's why I actually started invested into it after I get to know the
technology behind it because such shifts no such opportunity set volatility I
don't want to say it's once-in-a-lifetime but I surely haven't
seen something like that I mean it's I think they are very rare opportunities
to be the very beginning of something big and
that's why looking back to it in 10-15 years when things have settled down a
lot of people that have not invested into it might regret it because a lot of
people might have made a lot of money and they might have you know thinking
about that should I buy it episode that they watched and they never invested and
they missed on such big opportunity and you know regret that's very very sad
thing and that's why I believe a smart investment into the cryptocurrency is
essential because you just think that you don't want to miss all so what do I
mean by smart investment so first of all if you watch previous videos of mine you
know that my idea of how investments work is that if you want high returns
you need to put some kind of input right and this input is a lot of work and a
lot of reading you need to do cryptocurrency with the possible gains
been at least ten times the notes on the stock market means that you need to put
ten times more time into reading so if you want to invest in a cryptocurrency
you really want to have read everything about the technology it's using that
might be broke chain that might be some kind of other type of ledger or or any
other software but you need to read on the technology you need to know the
future of that coin what it's trying to solve look at development is there some
kind of you know company some kind of development team something behind it to
see there is innovation into the technology and where it's going make
sure that it's solving something now it's not only promises but it's solving
something right now so then the second question is how much you should invest
well I would say you should invest as much is you could afford to lose and
obviously that's very variable term but I have made a little graph that I really
love to use though if you have a lot of money then you
probably should invest very small percentage of them into something very
risky like cryptocurrencies for example like 5% then if you have a mid-range of
money you should invest some more but again as much as you can afford to lose
because you know don't mortgage your house and put it into you know some kind
of coin or something else stupid you know
make sure that even if you lose the money you will not have any problems and
you can make them back quiet fast you know that could be ten percent could be
15% that could be twenty percent of your savings and then the less money you have
I believe the more money and more aggressively invest or not for example
if you have very little amount of savings that could be five hundred
dollars that could be you know a thousand pounds whatever I would really
like to think that you should invest most of them if not all for example in
some kind of cryptocurrency that you really like because the truth is even if
you lose thousand dollars you can go in the summer or free time work for a month
and make them back very easily in the same time though if you put them into
the stock market for some real gains you need to wait a water worth of time so
there is no much of a sense there but then in cryptocurrency you could
potentially make 10 times your money in two three months you know 20 times your
money into a year or as we saw even more so that's when it really starts to make
sense because you can make amount of money that actually will matter for you
I want to note is that there are lot of immature people into the creep world
it's very new it's very high there are a lot of people that have no idea about
investment how financial systems work how governments work how policies
regulation works that is why I believe that why you should get into the crypto
Society so as you see going some kind of forums read about your cryptocurrency
read news read what people are saying but do that just get the sentiment you
know don't make your decision based on what other people say or
whatever you see out there make your own decisions based on technology and on
facts in news verified news and the last thing in my point is in the crypto world
you should have nerves of steel so as I said you shouldn't base your decisions
on what you see out there and what other people say
but you shouldn't make decisions easily at all you should be ready to leave your
feelings out when cryptocurrencies are concerned because into the crypto world
your coin might go up you know 100 percent in a day then go down 30 percent
next day or or it could be coming down five days in a row for like 10% in a day
which is painful but then it could shoot up so if you're trying to trade if
you're trying to be smart about it if you just don't have nerves
and you'll be worried all the time it will be very hard for you make sure that
you're made of steel and that's why I say invest amounts that you are okay to
lose because that's when you can leave it in there and just don't pay attention
to it and as people like to say enjoy the ride to summarize my verdict is yes
there is value in to the cryptocurrency world and I should buy it
but there needs to be a lot of understanding and a lot of reading to
make sure that you're investing into cryptocurrencies that can be successful
and I'll be making another videos about particular cryptocurrencies so keep an
eye on the should I buy it playlists on the financial education
playlist for that and invest amount of money that you can afford to lose so
that was the fourth episode of the should I buy ciao I hope you enjoyed it
hope you got valuable information out of it as I said I'll be making more videos
about cryptocurrencies how to invest in them and what evaluation and technology
videos about it stay Entiversal - on the path to greatness