what’s going on guys it’s Brian from BG
media innovation and today we’re gonna
talk about cryptocurrency whether or not
I believe that you should buy Bitcoin
you know litecoin theorem or really any
of the cryptocurrencies and whether or
not I’ve actually invested my own money
specifically in any of them so stay
tuned because we’re starting right now
here we go
alright guys so jumping right in now and
this is really really exciting and
actually something that you know I
caught prompted to kind of do because
I’ve gotten so many questions lately you
know from you know my udemy students and
on YouTube and across the board through
my email and so on and so forth
literally asking me you know what are my
thoughts on Bitcoin what are my thoughts
on litecoin what are my thoughts on
crypto in general and obviously whether
or not I’ve actually invested too I feel
like people think that you know there’s
somebody that is obviously successful
online is investing in something like
this then they should too now I want to
preface this by saying that this is just
simply another investment period so
before you do anything with your money
you need to understand you know the
benefits of it the potential drawbacks
whether or not there’s risk involved in
how much risk that is and you know
really understand all those factors
before you make the investment don’t
just do it on a whim make sure that you
understand where you’re putting your
money into because if you don’t I
promise me I promise me I promise you
you will lose it so right here we’re
going to talk about crypto and like the
market on in the different prices that
they’re currently selling yet now this
is something I’ll check out you know
daily I’m not really into crypto to to
much but I do check it out just to kind
of see you know which ones are rising
which ones are falling and you know how
much obviously Bitcoin has rising has
rising has been rising so the first
thing I want to talk about is that I am
in no way shape or form an expert on
cryptocurrency Bitcoin a theorem you
know like coin any of the top ones I
don’t know that much compared to other
people about cryptocurrency now that’s
just a fact I don’t want to kind of you
know lead you in the wrong direction so
I want to kind of preface this by saying
that what I do understand is you know
investments in general the potential
risks involved and you know what I would
want to do with my potential money and
I’m gonna kind of go through that
process and talk to that about you or
talk to that you know specifically in
this video and then hopefully you can
make an educated decision with your own
money based on what I say so can you
make money with Bitcoin yes can you make
money with litecoin yes can you make
money with you know any of the other
Kryptos and there’s literally thousands
of them yes potentially can you lose
your money yes for
what I do want to say is that digital
money cryptocurrency is nothing new
we’ve been using digital money you know
for years honestly how think about the
people that you know do they walk around
with cash whether that’s euros whether
that’s you know baht or something like
that or yen whether that’s you know US
Dollars people don’t typically walk
around with a lot of cash now it’s
usually kind of digital currency through
credit cards or you know debit cards and
bank transactions you know PayPal venmo
those are all forms of digital currency
so this is nothing new so the idea that
that you know digital currency is going
to completely change the world there’s
been digital currency around for years
honestly and we’ve all been using it now
cryptocurrency differs from those
digital currencies in that it goes
across borders so it’s global the one of
the benefits of cryptocurrency is that
doesn’t have an exchange rate it’s got
the same designation across you know
countries so somebody that you know has
potentially you know two bitcoins in you
know Sweden those two bitcoins in Sweden
have the same value to somebody in the
US or somebody in Canada or so on and so
forth whereas somebody with a US dollar
might go overseas and that you know
based on the exchange rate that might
increase or decrease in value whereas
Bitcoin you know is obviously the same
and all the crypto currencies are really
the same across border so that’s the
first thing to understand about that it
is really really cool because you know
with Bitcoin and with all the know the
Kryptos you can kind of set your own
value to it so that is a benefit because
you know the government is not whatever
government you’re you know whatever
country you live in
doesn’t really have as much of a say
over the value of that necessarily
whereas you know the government
obviously you know you have to pay to
certain taxes and missing that on you
know currencies in general so that’s
something to keep in mind now I’m gonna
talk about the specifics of whether or
not I think it’s a good investment would
I invest in Bitcoin and granite I want
to preface this by saying this is just
simply my opinion I know people that
have made a lot of money with Bitcoin I
know people that you know have lost
money with some of the different
cryptocurrencies so that you can do both
and I do know that you can make a lot of
money with this now first and foremost I
do
think bitcoin is going to continually
get you no I think it’s going to go up I
don’t know how much it’s going to go up
and that’s literally based on opinion
and just from what I know about it
it could go up to about 50,000 you know
roughly into 2018 one thing is for sure
though it will eventually come back down
to earth and it will eventually bust
that’s a fact you look at anything
across the board whether it’s stocks
whether it’s you know real estate
whether it would no matter what it is
they all eventually you know crash they
all come back to earth because
everyone’s pouring their money into it
so the key with investing in any of
these is knowing when to pull your money
out that’s first and foremost so you
know it could go up if you have 17 grand
to put in you know and it does go up to
let’s say specifically you know thirty
thousand and you purchased ten of them
then you’re looking at you know roughly
right now it’s trading at seventeen and
you bought it at seventeen obviously
you’re making roughly about thirteen
grand per Bitcoin when you cash out you
know if it goes up to that if you cash
out at the right time so that’s
important you need to understand the
specifics of that just like any other
stock obviously it’s important to
understand that now would I invest in
Bitcoin no despite everything that I
just said about it it has the potential
to increase it has the potential to
increase significantly you can make a
lot of money potentially but the risks
in my opinion far outweigh the rewards
and what I mean by that is because
you’re investing so much money now you
can actually buy if you didn’t know you
can actually buy fractional shares of
Bitcoin you can back write fractional
shares of a theorem or any of them so
that’s important to understand you don’t
actually have to buy a full Bitcoin at
17,000 but if you do relative to the
price per you know value that you’re
getting with each Bitcoin it’s not worth
the risk in my opinion so that’s not to
put down anybody that has purchased it
obviously if you got in when it was like
a thousand and you know now it’s 17,000
you’re looking pretty good but it could
simply if you held on to it too long you
could simply come back down to earth and
drop nobody knows for sure and if
anybody tells you that they do they’re
lying to you I promise you that so if I
were going to invest in any of the
cryptocurrencies first and foremost it
would not be
coin now there are it’s important to
understand there are thousands of these
you know a bunch of people have been a
bunch of them have been around for a
little while and you have new ones
popping up every single day and they all
trade at different things so this is
actually corn mark coy market Capcom if
you want to check that out you can kind
of check you know which ones are trading
at what and you know kind of see the
history of you know the market price and
how much they are you know trading at
today and then you can obviously watch
that so on and so forth
if I were gonna actually purchase
something it wouldn’t be any of the top
ones so I actually about I think it was
a month ago month and a half ago I
actually purchased some shares of
litecoin now I wouldn’t even you could
do that because that could potentially
rise you know it could go up to
potentially a thousand it could go up to
you know potentially ten thousand it
could drop and I could lose all my money
my thought process behind purchasing
litecoin shares was essentially that it
was a homerun play now I’m gonna talk
about you know other potential
investments that might be better to then
any of these cryptocurrency investments
at the end of the video so stay tuned
for that but I did actually purchase a
couple shares the litecoin just to see
as a homerun play now I already wrote
this off as I lost all my money so let’s
say just hypothetically I bought 10 of
those at 325 a share then that would be
roughly what is that I can’t do any math
right now 3,250 so that would mean that
I spent three thousand two hundred fifty
for ten shares of light coin and I
essentially just threw that just chalk
that up to a loss already any of these
crypto currencies in my opinion if
you’re playing the short game if you’re
if you’re trying to you know trade your
money you know and and kind of you know
if you’re playing the short game in your
end you’re essentially thinking that oh
I’m gonna buy you know ripple right now
or whatever it is and then trade it when
it blows up to $100 per share ten days
from now you’re you’ve already lost
that’s a wrong mentality any of these
should be long-term games you know you
should be buying for the long haul and
then hoping that it really does catch on
and you know maybe a year from now maybe
five years from now maybe a decade from
now you trade it as a significant
increase in value not just a thousand
you know we’re talking significant so
that’s the important thing to understand
should be home run plays in my opinion
not something that you’re banking on
cashing out for in you know a couple of
months because that’s the wrong way to
look at it and I promise you if that’s
you know the way you’re approaching
these things chances are it might not be
this time but chances are you gonna lose
your money eventually and it probably
will be this time
so I invest in them like coin just kind
of you know throw that throw that out
there for you guys I’m not saying you
should I’m just saying that that’s what
I did if I were recommending something
to invest in and grant it you could lose
your money just the same if you invest
in any of these because there’s a bunch
of mimickers out there and you know
nobody really knows which one or which
ones are going to catch on and which
ones aren’t but I would probably you
know invest in something that was a
really there was a little bit lower um
just because there’s significant you
know potentiality to increase in value
so maybe I’d invest in you know and I
literally know nothing about these so
don’t take my word for it maybe I’d
invest in you know waves at 14.99 maybe
I’d invest in you know Z cash me that’s
that’s a bit higher one so I wouldn’t
suggest that but maybe a-list get
nineteen seventy four per share because
if any of these go up significantly you
know in five years from now to a
thousand or two thousand per share then
I significantly increased my investment
and I could purchase you know a hundred
of these and not really and then think
about the the return on my investment
you know five years from now so I hope
that you followed that kind of train of
thought I don’t recommend cryptocurrency
or investing in cryptocurrency at all to
be honest I just kind of wanted to give
you full disclosure of my thought
process when when it you know I’m
looking at these different kryptos and
whether or not I think that they’re good
investments I did want to talk about
that specifically and I did want to go
in depth with my approach to that so
people can understand that but if you’re
looking at crypto as a whole I think
it’s a bad investment I genuinely do and
the reason for that is you know you’re
not 100% sure whether you’re gonna see a
return on your investment you’re not
100% sure you know which crypto is going
to increase in value and which crypto is
going to you know completely fail and
you’re gonna lose all your money and
when you weigh cryptocurrency investing
up against any other potential
investment that you can make they’re
there like I said before the the
drawbacks of Gen
completely completely completely
outweigh the positives so just the can
give you an example where you go to my
website really fast this is not a plug I
promise you for a course so I’m gonna go
over here to BG University which is
obviously where I keep all my courses if
you haven’t checked out my latest video
where I’m giving away I’m actually
giving away three hundred dollars I
can’t speak right now that’s sorry I’m
actually giving three hundred dollars
away to you know three lucky subscribers
so a hundred each three hundred dollars
total if you haven’t checked that video
out I’ll throw a card up in the
right-hand corner I’m also giving away
all these courses for free per comments
so it checked that video out I throw
that video up in the right-hand corner
to check them both out there great great
stuff a lot of giveaways for the holiday
season so if you want a course if you
want some free cash make sure to check
those two videos out that we’re just up
there now talking about specifically the
courses that I offer these are all
courses that are roughly passive income
and how you can make money online and
this looks like obviously you know
you’re taking information and you’re
building a business which no matter what
you have to invest in in something so
whether it’s your time or your money
you’re obviously investing in something
but if I look at cryptocurrency and
investing in cryptocurrency
as a whole versus something just to give
you an example that popped into my mind
content creation now content creation
and I’m not gonna give you the specifics
of exactly what I make on this but this
whole course basically goes into doing
content creation and how that’s an
investment of your time and how that
eventually pay you out dividends and you
know you’re essentially trading your
initial time investment for you know
money down the future something like
this where you’re investing your time
and maybe seeing you know $100 a month
per course and if you do the math right
there that’s just a random number but
let’s say I have thirty courses right
now and I make you know 100 bucks a
month per course that’s $3,000 I’m
getting paid passively every single
month just because I’ve spent the
initial time to create those courses now
that’s something to keep in mind because
just like cryptocurrency investing that
is also an investment but there’s no
risk relative to what cryptocurrency has
where there’s so much risk here there’s
literally no risk here other than some
potential you know backlash and bad
reviews
but there’s all the potential gains so
instead of potentially gaining let’s say
that you invested at Bitcoin like I said
before at thirteen thousand or three
thousand or whatever it was and you’re
you have you’re not sure you could lose
all that money but obviously you could
let’s just say best-case scenario it
went up ten grand and you cashed out two
years from now on ten grand on ten
shares so that’s a hundred grand right
it’s great but you had to wait two years
to get that hundred grand whereas
something like this could be you if you
made a hundred courses and spent the
initial time and you’re getting a
hundred or let’s even say you made you
know fifty courses and you spent the
initial time to you know make those
fifty courses and you’re getting paid
out 100 dollars per course per month
that’s five grand per month passively
with no initial risk to lose any of that
money you’re just getting it paid out
passively so the whole reason I’m
telling you this is just a specific
example of why crypto currency investing
is not that great of a strategy and why
it’s not a great investment in general
because you know if you’re making some
home run plays you know more power to
you but if you’re investing in something
like Bitcoin that’s already relatively
high you’re gonna lose your money
there’s so much risk involved and it’s
just not necessary there are so many
other better investments out there with
a less risk higher reward potential and
you know you just have to look at
investments you know from a different
angle so I wanted to touch on that today
I think it’s very very important I’d
love to hear your thoughts on that you
know everyone’s thoughts because
everybody has an opinion on Bitcoin now
everybody has an opinion on you know any
the other cryptocurrencies out there do
you think that this is a good way to
look at this investment do you are you
invested in any crypto currencies and if
you are what have you been hearing about
some of the up-and-comers like litecoin
some of the up-and-comers you know like
obviously where’s the other one waves
i’ve been hearing a lot about you know
anything like that so what’s your your
your kept secret cryptocurrency and are
you invested in it personally and what
do you think about what i just said do
you think it’s you know obviously good
to kind of discourage people to do that
where do you think that everybody
shouldn’t be investing in crypto because
that’s where we’re headed I’d love to
hear from you guys this is our channel
like I always say I hope that you really
liked the video I put a lot of thought
into this and
kind of wanted to make sure I understood
crypto a little bit better before I put
this video out I really hope that you
guys have a great day obviously like the
video it really helps the channel grow
comment and subscribe and I will see you
guys tomorrow