- Today, I'm going to invest
in crypto by spinning the mystery wheel.
This challenge could cost me $50,000.
Hey guys, it's Mark.
Now, I didn't make my millions from Bitcoin,
but it's currently one
of the best performing investments in the world.
So, that's certainly got my attention.
Bitcoin may be dominating the news at the moment,
but it's just a small part of a much bigger picture.
There are many different types
of digital coins out there.
Today, let's talk about why these coins are so valuable.
And, if you stick with me through this video,
this could completely change the game for you.
I also like to put my money where my mouth is.
So, in the process of this video, I'm going to
be buying $100 worth of each of these coins.
On top of that, to make it even more exciting,
I'm going to put them all on this mystery wheel
and giving it a good old spin, whatever it lands on,
I have to invest in a full digital coin,
which could cost me anywhere
between 47 cents and over $50,000.
If you like this kind of video,
then smash that thumbs up button to let me know.
And, I'll make more videos like this in the future.
Just a quick disclaimer, though, I'm a businessman.
I'm not a financial advisor.
So, always do your own research before investing.
Number one is Bitcoin.
Let me take you back to 2010,
When a man paid 10,000 Bitcoins for a pizza.
If he'd just held onto those Bitcoins
at the time of recording this video,
it would have been worth well over $500 000 000 US.
So, I hope he didn't order a ham and pineapple,
because that would have been a right waste of money.
Many people consider Bitcoin to be the first
real cryptocurrency and are excited about the future
where we all use digital money.
Think of it like credits in "Star Wars."
The Mandalorian doesn't have to change his money
when he travels to multiple planets,
we have to change ours when we travel
to different countries.
Just think how inefficient that really is.
But why do we need digital money?
Well, as more money is printed,
the less the same amount of money can actually buy us.
In fact, the US dollar has lost over 96%
of its value since 1913.
I'm sure you've heard the Boomers like me
tell you things were really, really
a lot cheaper when I was younger.
When the dollar drops in value, people tend to invest
in gold because there's a limited supply.
You can't just find more of it or can you?
I have no doubt in the future,
billionaires like Elon Musk
will start mining asteroids in space.
As soon as this happens,
then gold's value is going to drop more and more.
That's why they're starting to turn to Bitcoin,
as it has all the advantages of gold without the fatal flaw.
There will only ever be a limited amount of Bitcoin,
created, 21 million to be exact,
but surely if the creators wanted to
create more Bitcoin, they could.
And then the price would drop.
Well actually, no, because the Bitcoin network
isn't controlled by one person or company.
Instead, it's run by the users
through a technology called Blockchain.
Now this may sound complicated,
but the users basically act like a referee,
making sure no one's trying to trick the system,
and they get rewarded for their work with Bitcoin.
The truth is, many Boomers will never get
behind something like this,
unless they're down with the Gen Z's, like me.
The younger generation has grown up with the internet
and understands and trusts it a lot more than my generation.
So, I'm going to use Coinbase to buy $100 of Bitcoin.
The most affordable way to do this is by bank transfer.
Because if you use a card, there'll be much higher fees.
If you want to pick up $10 of free Bitcoin
from my Coinbase link to get you started,
I'll leave the link below.
So, I'm going to put this one up on the mystery wheel,
for our big investment later on.
Number two is Ethereum.
Ethereum is the second biggest crypto,
and it's far more than Bitcoin's less attractive brother,
as having entirely different purposes.
I like to think of it like this,
If Bitcoin was a pocket calculator,
then Ethereum would be an iPhone 12.
The Ethereum network was created
by a 20 year old Russian Canadian genius
called Vitalik Buterin.
He is now worth over $100 000 000.
Ethereum combines money with technology,
in a way we've never ever seen before.
Imagine you are able to control exactly
how your money behaves by writing a little bit
of code on a computer.
One of the best features
is something called a smart contract.
This always reminds me
of the unbreakable vowel in Harry Potter.
Say I wanted to buy a music festival ticket.
Like I really go to Glastonbury, but if I did,
I would certainly want to buy some insurance
so I can get a refund if the event's canceled,
or if it's delayed.
I could choose to sign one of these smart contracts.
If everything goes ahead and I managed to go
to the festival, impress everyone with my old moves,
I would just lose the small amount
of money that I've spent on the insurance.
However, if the festival was canceled or delayed,
then I'd automatically receive a full refund,
all without having to contact the company and complain.
Because we use a smart contract,
it just takes care of everything for us.
You may think this will never happen,
as lawyers, insurance companies,
and governments, would lose a huge amount of income
as they're no longer involved in creaming off the profits.
However, the idea of smart contracts is too powerful.
And, it's now out of Pandora's box.
If Bitcoin is digital gold meant for storing and huddling,
then Ethereum is digital oil,
meant for using and fueling our world.
So, here goes $100 into Ethereum.
Now, I have no doubt that this will go up and down in price
a lot over the next few years due to its volatility.
It's also important then to diversify
into other assets, like stocks.
By the way, you can pick up two free stocks
if you'd like from Webull.
All you gotta do is deposit $100.
So, I'll leave the link in the description.
Currently, one full ether is worth around $1,700.
So, it's going on to the mystery wheel for the random spin.
Number three is Cardano.
Now this is where things get really interesting.
There is a bit of a battle going on on the crypto space
between Ethereum and the other coins that do similar things.
One of the biggest challenges is Cardano.
This means that there is potentially a lot of growth
if they manage to take the crown from Ethereum.
The investors could see amazing returns,
but that is a big if.
They are led by some of the
best scientists and engineers in the world.
And they've even named themselves after Gerolamo Cardano,
who was a mathematician, physician, biologist, chemist,
astrologer, philosopher, and writer in the 1500s.
I remember him back at school.
He was such a show off.
Their aim is to be the fastest and most cost efficient
and scalable blockchain in the world.
The danger is if Ethereum speeds up,
then it would just stop Cardano in its tracks.
But in the case it does succeed long-term,
let's invest $100.
Now the price of a full coin is $1.03.
So, let's put it on the wheel.
I hope it lands on this one,
because it would be a much cheaper investment.
Number four is Litecoin.
This is actually the baby brother of Bitcoin.
Well, actually, it's not, their even closer than that.
It's a bit like the clone wars in "Star Wars."
They're all from the same genetic code.
However, they have some key differences
that make them better at certain things.
It's amongst the oldest cryptocurrencies
and it's always maintained its spot in the top 10.
It's also often called the digital silver
to Bitcoin's digital gold.
The coin was created
by a previous Google engineer called Charlie Lee.
And, he actually sold all of his Litecoin
when the market reached its previous peak in 2017.
Now, I do think this was a bit of a strange move,
as it looks like the creator
doesn't believe in his own coin.
The amount of Litecoins is limited to 84 million,
which is four times as many as Bitcoin.
It also has some advantage over Bitcoin,
like extremely low fees and faster transaction speeds.
So, I'm going to buy $100 worth
on Coinbase and that's going straight on the wheel.
I'm actually really looking forward to spinning this now.
Number five is Chainlink.
So, earlier we talked about these awesome things
called smart contracts,
and how Ethereum is going to change the world.
Well, Chainlink is actually built on top of Ethereum,
and helps make sure the smart contracts are possible.
Think of it like the glue that sticks everything together.
So, if you agree that programmable money is the future,
then this would be a great investment.
If we are correct,
then it should increase in value long-term.
Of course, this is a risk like any other crypto.
That said, people that understood this technology
from the beginning have already seen dramatic profits.
And we are talking millions of dollars.
I think of Chainlink like this.
Imagine you're talking with a French person,
and you can't understand a word they're saying.
Most people nowadays would just pull out a smartphone
and use a translator app.
This essentially is what Chainlink is.
The tech used to run smart contracts,
and also the cryptocurrency, is called blockchain.
And it can't understand the real world,
such as sports results or even the weather,
it's talking in computer language.
For instance, let's say I made a bet with you that
Lewis Hamilton was going to win the next Grand Prix race.
And you didn't think he would.
We were both sure we were going to be right.
So, we made a nice smart contract on it.
Once we put this into action,
neither me or you can back out of the deal.
And when the time comes,
the blockchain needs to know who won the race
in order to fulfill the contract and pay the correct person.
And that's where Chainlink steps in as the translator,
because it has a real world use,
buying it today could be a great investment in our future.
But as with all of these coins,
I'm expecting a very bumpy ride.
$100. There we go.
And, the price of a full coin is currently $27.
So, we're going to put it on the wheel.
It's filling up fast, isn't it?
Number six is Stellar.
Lots of people getting excited
about investing in the Stellar Network,
because it allows people to move money
across borders quickly, reliably,
and for a fraction of a penny.
For example, say I wanted to send you
100 Great British pounds,
but you live in the USA,
so, you want US dollars.
The Stellar Network would allow me
to convert this into tokens.
Then I can send these tokens to you,
and you can convert them into US dollar tokens,
using the best conversion rate.
You can just cash these in and boom,
it's as simple as that.
Stellar makes sure that it backs the tokens
with real money in vaults.
So, there isn't any issue because
at any point you're able to cash out.
So, that's an added extra protection.
To pay for using the network,
you have to use Stellar's
own cryptocurrency called Lumens.
And, it's very cheap at 0.00001 lumen per transaction.
I hope I got the number of noughts right there.
The number of Lumen coins are limited to 50 billion,
and only around 20 billion are currently in circulation.
So, this asset is limited.
So, it could go up in the long-term.
There's $100 into Stellar.
Now, the price of a full coin
is just 46 cents at the moment.
So, the lowest one yet.
So, I'm going to get that and put it on the wheel.
Number seven is Polkadot.
Okay, so all the coins we talked about,
have slightly different purposes,
but there are lots of them,
and it can be a little bit confusing.
They use technology to either do something really well,
or lots of things, sort of, kind of okay.
I like to think of it like comparing a dentist
to a normal doctor, one's able to help you with your teeth
because he is an expert in that area,
and the other can help you with pretty much everything else.
Now, imagine you could allow the dentist
and the doctor to communicate telepathically,
you would no longer need to visit both.
And, it would be much more efficient.
You just see one of them.
That's why Polkadot is so cool.
It can build bridges to all the different technologies
that we've talked about
and is governed by the users that hold the digital coin
that's known as the DOT.
If you've ever played a Pokemon game,
then you'll know about the pokedex,
which is a huge computer that plugs in all the Pokemon
that you've ever seen or captured into one system.
This is how I see Polkadot, but for Blockchain.
If this gets adopted on a huge scale,
then I can see the value of a DOT coin increasing over time.
And, that's why I'm going to invest $100.
There we go.
Now, one full coin is worth $35.31.
So, let's put that final coin on
to complete our mystery wheel.
All right, so now it's time
to spin the mystery crypto wheel,
where ever it lands,
I have to buy one full coin.
This could be very cheap,
or the most expensive video I've ever made that.
Here we go.
♪ Let's go, let's go ♪
♪ Pump it up to the next, let's go ♪
♪ I know, you know, we know ♪
♪ Pump it up to the next, let's go ♪
♪ Let's go, let's go ♪
♪ Pump it up to the next, let's go ♪
♪ Pump it up to the next level, let's go ♪
- Oh, my life, its landed on the big one.
- [Man] You gotta do it, that is the rules,
isn't it? Come on.
Come on, dad.
- The rules are the rules.
Right, so I've got two choices now.
I can either secure it using the Ledger Nano X,
or I can go onto my computer,
and I can put it into my Block Fire account.
Now on your Block Fire account,
you can earn 6% interest.
So, guess where I'm going.
I want to earn the interest.
But this is a personal choice.
If you'd like a Block Fire account,
I'm going to leave a link in the description below,
and you could earn $10 of free Bitcoin.
And of course, more importantly, that lovely interest.
If you'd like to see how these investments are doing
in a future video,
then make sure to smash
that thumbs up button to let me know.
I'm going to leave the next video up there.
Don't click on it just yet.
Remember to subscribe to the channel and ring that bell.
So, you don't miss out on part two.
Okay. I'll see you over there.