Okay. So recently I've been
very interested in the world of
cryptocurrency and basically the last
couple of months I've been studying on my
Macbook pro yeah,
really fascinating stuff.
I suppose you can say that I've been
mostly looking into the world of crypto
from point of investing.
Now I know personal finance is
just about as interesting as
flossing to most people.
Real estate is too expensive to buy and
the stock market just doesn't seem to be
the best place to be in
at the moment now. Sure.
Gold and silver has gone up, but honestly,
the idea of sitting on a
pile of gold and silver,
like physical pile doesn't really suit me.
So what else is there? Well,
I've come to the conclusion that
if you haven't paid attention to
cryptocurrencies, you really should.
And trust me when I tell you,
you will be thanking me many years from
now for making you watch this video.
Yeah. Hi guys. My name is Tom. And if
this is your first time to this channel,
please don't forget to do a hashtag
NEWSUB so I can properly welcome you.
So full disclosure,
I usually make tech videos and some
personal vlogs on this channel.
Finance and investing is not
usually what I make videos
about. So in other words,
I'm not a cryptocurrency expert.
I am not a financial advisor,
just a guy on the Internet
expressing my opinion about stuff.
And I believe that right now
is a good idea to invest in
cryptocurrencies.
And I wanted to make this video
to explain to you guys why now,
if you're worried that I'm
going to get very technical,
don't be because truth be told,
some technical aspects of
cryptocurrencies are kind of difficult for
even me to understand. But this video,
I just wanted to give you a simple
explanation why crypto is so important at
this time. But yeah,
I think that the difficulty of
understanding how cryptocurrencies work is
one of the main reasons why most
people haven't jumped on the wagon
yet.
And another reason why people basically
write crypto off is because they
think it's fake money. It's not real,
which is actually kind of funny
because if you compare it to real
money, that's locked in the bank.
Real money is never actually in your bank.
It's more like the bank owes you money,
but the money isn't
actually physically there.
But when you have something
like cryptocurrencies,
it's not physical like
this little coin here,
but you can't actually
store it in your own digital
wallet. You can even
store it on an USB drive.
And this is a pretty big deal
because it means that if you
have your money in crypto,
you really have it,
not your bank, not your government.
Hell most of the time you can even put
it in a wallet and nobody knows that it's
yours. That's how good it is. It's a
matter of privacy and security. Now,
a lot of people will understand
that Bitcoin is used for
trading for, you know,
purchasing and selling stuff.
But it's actually more
interesting than that.
You see crypto can be used for
so many different applications.
I'll give you a short little example.
Let's say that you have to go
to a bar and in order to drink,
the bartender asks you
for an ID, you know,
to verify that you are of age.
But the thing is when you're doing that,
you are giving the bartenders so
much more than just your age for
certification. Like you give
him your name, your address,
date of birth,
a lot of personal information
that should be yours alone.
And so there is this one cryptocurrency
that is actually designed to
work as a kind of a verification
process where all you have to do is
basically show your phone that
says, yeah, I am of age basically.
And that way you don't have
to reveal anything else,
then that you are old enough to drink.
Okay. So for the past couple of months,
I have come to the conclusion that
there are two certainties about
cryptocurrencies one. What did
you believe the hype or not?
What do you like it or
not for better or worse?
Crypto is here to stay.
It's not some trend like fidget spinners.
This is actually gonna change everything.
But these were kind of fun though,
right? No. Okay. Okay. And two,
I believe that this is a
huge investment opportunity
that most people can get
in on and probably should.
Now I once made the terrible
mistake of not investing in
Bitcoin, that my friends
will never happen again.
Luckily for me, this is my
second shot. Okay. So Bitcoin,
everybody's heard of Bitcoin.
I think that more people know about
Bitcoin than they know about crypto.
So that's the thing
that started everything.
And when I first heard about it,
it was actually in 2010 and
I did have this idea that I
was going to invest something like 50
bucks and had I done that I would be
making this video from my yacht,
but sadly I felt it was
more practical to buy
Doritos for 50 bucks
that year. Not at once,
just spread out over time. Huge
mistake, huge. But as I said,
I'm not doing that mistake ever again.
You see that whole thing taught me
a very valuable lesson about the
price of being too defensive
about your money. And you know,
I don't want to blame people,
but I think that it's mostly because of
school just doesn't properly educate us
on investing. You know, it's,
it's about being economical to not
waste your money, to keep it in a bank.
It's never about how you should make your
money grow. It's never about that now.
I don't know.
Maybe it's a power play made by the
government to keep us wage slaves at
Bay. That's a topic for a different video,
but all I know is that I wasn't
prepared enough to make an investment
decision. You see that year,
I only had one investment
and that was Bitcoin.
I should have at least purchase
Bitcoin for 50 bucks. And I didn't.
Now the big question is which
crypto will be on top here,
which one will come out as a winner. We
have a lots of cryptocurrencies, like,
believe me,
when I tell you there is a whole bunch
of cryptocurrencies out there and they do
very different things and very
different ways. And I believe,
and this is just my personal belief here,
but I don't think that there
is going to be just one winner.
I think there's going to be maybe
10 to 50 different coins in the
world in the future, say
five to 10 years from now.
And I think it's enough to
just invest in the top 10 best
cryptocurrencies that
you can find. You know,
you make a portfolio just
like when you invest in stock.
Now I will mention though that I think
that a lot of people who are investing in
crypto right now will do what I'm doing.
They talk like really enthusiastically.
They believe it's so much,
but it's mostly really just
wishful thinking. You know,
when you want something really bad,
it just makes sense and everything,
but there is always the possibility
that there's going to come out something
different and better.
So my suggestion is to actually stay
updated with the latest
from the world of crypto,
because you don't want to
invest emotionally. You know,
and that's what I think that a lot of
people are doing right now when they
invest in Bitcoin, they just love
Bitcoin for the potential. And you know,
the fantasy of becoming ultra rich
that it's more of an emotional
investment than, um,
rational one, you know?
So when you're looking at coins or look
at what practical problems they actually
solve, now, I personally, I don't
invest everything into crypto.
I also do invest in stock and stuff
like that. But right now I got to say,
I'm really interested in crypto.
And I also want to mention that
I am fully prepared to lose
everything that I have invested
in crypto. Because as I mentioned,
it's not my only investment.
And that's what I mean when I say
don't be too defensive about your
money in order to make money,
you have to make risks.
There is just no of going around that
there are no safe bets out there. Okay.
So where can you buy
cryptocurrencies? Well,
there are these trading platforms and
I'm going to mention three of them.
And I'm going to put affiliate links below
where if you actually purchase crypto
foodies platforms, we both get
commission. Like we split the commission.
So first off, I'm going
to start with Coinbase.
That's where I do most of my trading.
The second one is crypto.com.
And third is uphold where you can
buy some of the cryptos on this
list that are not on Coinbase
or crypto.com. At the moment,
all of these platforms are apps. So you
don't have to log from your computer.
You can actually do it on a smartphone,
but then I also want to mention
that you should not keep your coins
in these trading platforms
because it's not really safe.
You should transfer your coins to wallets,
digital wallets. And I've tested
a few and I have three favorites.
My top favorite is atomic wallet.
And the second wallet is Exodus, which
is also a really cool wallet, very,
very secure. And the
third one is ever coin.
So I think that different wallets
apply to different people.
It's a matter of taste and
simplicity. For instance,
I think exit us as an excellent app,
but I don't think it's intuitive,
but it is probably the safest
wallet out there. Okay.
I also want to mention this opportunity
that you can actually earn passive
income, fruit, cryptocurrencies
by doing something called staking,
which is basically a lending
your crypto to I guess,
companies or institutions. I actually
don't know that this is the part where,
I mean, I don't actually understand
the entire technical side of it, but,
but you can actually lend
out your crypto and get a
percentage. You usually make about
5% when you lend out your crypto.
And I've seen some coins where you
can get up to 20% and I've tested
doing this whole staking thing
from my personal experience,
it's pretty risk CRE, but
don't take my word for it,
read up on it and make your own decision.
Okay. So finally, I just want to say,
look, regret is a
terrible thing. Trust me,
I know regret is nothing
that you want in your life.
And I find it in life that the most
regret you feel is not the difficult
choices you had to make because
dammit, there were difficult,
but the simple choices,
like is it worth the risk
of spending 50 bucks on an
investment? You know, it's
not even about the odds.
It's about the fact that something
that can skyrocket to the moon
it's worth risking 50 bucks.
So do yourself a favor.
Don't trust me, check out all the facts,
make a purchasing decision for
yourselves and then many years from now,
I'll see you guys on my app. Take care.
Oh, you're still here. Oh, that's
right. It's the behind the scenes flog.
But you who are new here.
This is kind of a personal blog thing
that I do at the end of each video is
mostly for the subscribers
who actually care about me.
So let's just dive right into
it. Okay. So first of all,
I know that this video was so
different than my other videos.
And I don't know, it's
just these last months.
I really have been very
interested in cryptocurrencies.
I guess it comes with age when you sort
of start to think about the future.
You never do. When you're young.
I wish I could tell my younger
self to invest in the future,
but sadly I can't,
but what I can do is I can
invest now. And, you know,
as I mentioned in the
video, I'm not an expert.
I don't know if crypto will
really dominate the world,
but there is that chance
for cryptocurrencies,
at least some of them that they can
just skyrocket to the moon and I believe
that's worth the risk. You know? So
that's why I wanted to make this video.
I mentioned before that I wanted to
make this channel more personal and do
videos about things that
I actually care about.
And that's why I had to make this video.
So I apologize for those of you who
are just completely uninterested in
cryptocurrencies and all that
nonsense about financial freedom.
Okay. Probably see my post
on Instagram, Keiser, my cat,
my sick deer cat is sick and
she was at the hospital getting
radiation treatment for like a whole week.
And now she's at home and
she's basically radioactive,
which is insane. So every time we pet
her, we have to actually wash our hands.
And every time she goes to the bathroom,
we basically that's like
plutonium that she poops out.
So we have to scoop that out and throw
it away as soon as possible. So it's, um,
it's weird having a radioactive cat,
but it's just for two weeks and
she'll be just fine. Anyway,
that's the update I had for today.
So hope you enjoyed it and I'll see
you in the next one. Take care. Bye.
[Inaudible].
