Cryptocurrency Investment Insights: Analyzing Beltex, Tron, and Dogecoin

[Music] hello everyone um so this is the sixth episode in my

series about cryptocurrency investment so today um i'm going to be talking about a few

coins that have been requested uh more probably in the in the uh thumbnail videos as a

feedback from the users from the subscribers you know can we invest in these coins and the reason is probably

there are probably the probably more uh marketing around these coins and so i'm going to

talking about a couple of coins mainly uh one is called the beltex coin bdx and another is uh tron coin trx which is uh

banked up by a chinese millionaire called justin sun um also probably gonna use doggy coin

which i think a few people had asked in the english videos as well so i'm going to be talking about

these three coins and also this kind of serves you as a basic example as you know what are the

coins to avoid or what are the coins to not invest in and why what are the reasons um

and uh before we do that we're just going to quickly look at you know how do you track a portfolio because you

know uh if you buy shares you will probably buy it in like one uh place and it's probably easier to

track the share prices um on a daily basis but crypto is everywhere right i mean you would

probably i mean i i end up using nearly like four or five different wallets and exchanges

uh where i hold my cryptos and it's really difficult to track the prices um every day so i'll explain uh how you

can track the prices real time how you can track your portfolio the value of your portfolio

also um you know when i did my episode one and episode two people were asking me where do you get this information

why do you look for charge where do you look for price information the upcoming uh new cryptos and how do you

read about the crypto so i'll also share some of the news articles or uh trusted uh websites that i follow uh

regularly for news on crypto and also you know how to read some of these charts that i was explaining in my

episode one and episode two so um there are a lot of websites there are a lot of chart websites for

uh um cryptos and uh they're they're all very useful but um i find coinbase is the easiest um

chart because it's very simple it doesn't have you know too many um parameters like you know candles and

other stuff it's very easy to read so a simple chart is something that is useful when you're beginning especially

in the crypto market so i use a coinbase especially when i have to do like you know the

uh videos where i had done about you know what was the um uh value of a coin on on in march and

last year now how has it grown in a year it's quite easy to see these values

um in the coinbase uh price chart and you don't need to register with coinbase you don't need to trade with coinbase

anybody can actually go and see it and it's quite easy to search for a coin you just

google saying coinbase space and the crypto name like for example if i have to

uh find the uh price chart for link which is chain link i just google for coinbase space link

and once i do that it's easier for me to actually get the um

price chart for link so i i google for coinbase based link and then the first um uh result that i get is basically the

uh chain link price for uh coinbase or chain link price by coinbase so i can actually click on

the link and i can open up the chart for coinbase so like that you can do it for any coins i'll give you another example

as well um after we finish with chain link so it starts with the 24 hour chain link price

or the the link price and you can change it to one week and one a month and like i said this is a very

simple view of you know what was the price on a daily basis and you can actually

see the uh the prices on every particular day and if you go to one year if you go to

the all basically you can see the graph you can see uh like i explained about link rate and

it was like nearly one pound or less than one point in march or around one point twenty pence in

march and then how it gra rapidly grow into like you know fifteen to fifteen pounds uh in uh the mid of august

so you can see that increase and you can very clearly see the pattern of a coin and also you can see additional

information like what is the volume what is the circulating supply what is the market capital and explained

in my episode one and in my episode two why is supply important why is volume important

so all of that information is very clearly visible in chinese or in coinbase for that matter so there

are a lot of websites but this is probably the easiest one that i've found and uh coinbase again for if i want to

give another example if i just say coinbase space zap zap is another coin one of my

biggest holdings that i explained in my other video so if i do that i can get the zap price chart again this is

um it's just so easy to find a coin and find the chart of a particular coin by just googling for it instead of

remembering any link or anything like that so it's just a very simple process

in my opinion to find the price chart of a particular crypto as well and here you can see the astronomical

claim nearly 18 000 percentage that i explained um that it did from nearly you know two

months uh in my first video that i explained where it went from nearly about uh you know

point zero zero two pins to about uh roughly about you know eighteen nineteen pence

eighteen thousand percent claim that it did in a couple of in a couple of months time and you can see that street climbs

that it had done so um it's quite useful to um to to track the prices and when i did my

video on episode one and episode two i pretty much use this as my guideline to make sure that i'm i'm giving you the

accurate dates and the prices that i was using in that video so you can actually refer back to that episode one and you

probably better understand with this in perspective now um but on a daily basis if you really want to track the

prices and especially when uh you have a specific set of coins and you're buying into the coins you

need to track the prices on a daily basis throughout the day it changes right

every minute the price goes up so i use a website called coinstead start app and

uh coin stats also has a mobile app as well so once you register with its registration is free even though

they have some pro and premium plans i've never used a pro on premium plan and you can change the currency i mean

you can change it to inr you can change it to gbp you can change it to new euros us dollars there are several

different currencies available i have not used a premium plan or a pro plan so far i'm using a free plan

the free plan is really good and you can actually track your favorite currencies you can put your portfolios manually and

you can track the value of your total portfolio in any currency that you want so you

sign up with email click on the sign up skip the pro on premium offers just close it and just go

into the free plan you really don't need the premium or pro plans

so once you create your uh account with your email address and you validated it you can go and add your favorites or you

can basically go to cryptocurrencies and you can see the values 24-hour price change

what is the price in every currency that you want you can actually see it can change the currency quickly and once

you selected a currency click on the star icon and that star icon is basically put it into your

favorites now if i go to live prices i can select like the 10 or 15 coins like i have my top 10 coins

which i put in my favorites and i can track the prices of those top 10 coins very quickly so this tells you that the

price movement in the last 24 hours so you can very quickly know whether the coin is

going up or coming down so this is useful from a price perspective but the

other uh most useful feature that i found is uh portfolio so i click on add manual

portfolio you can give you can have couple of portfolio reason is like you can have one trading portfolio

and one portfolio that you have invested for a longer duration so i create two portfolios one

is my primary portfolio you can give any name to it for that matter so once i've clicked on the

create portfolio and give given it any name i can click on add transaction manually i can add a coin or a

transaction whenever i buy or sell it so i am buying let's let's say as an example i'm buying chain link

so i put chain link into it and i say about 10 chain links that i'm buying if you bought it at a different price

you can change it but if you say this is the time it automatically also calculates the price for you

and once you've added it you need to click on that uh the refresh icon and uh once you do that then it tells you the

portfolio and it also tells you 24 hours every 24 hours it tells you whether it's going up or going down

and as soon as you bought it at that price if the price has changed as on that point it tells you in the

total top in the in the in the top either whether it's your up or whether you're down and you

can keep clicking on refresh if it doesn't auto refresh also like i said it's also on the mobile app

and you can actually conveniently check the prices every minute on the go you can check it

like your share price is during your trading hour but this is 24 by seven so i'm going to add another

transaction like if i let's say i'm buying zap for now i just need to search on zap

and put in how much quantity i'm buying let's say i'm putting thousand quantity that i'm fine

and once i click on save and refresh now i can see both my cryptos now appearing and the individual

values as well as the total value of the portfolio that's how it is useful so if you have

like 10 coins and it tells you the total value of the portfolio and you can quickly flip between

currencies like for example i want to see the gbp now i can just quickly change the

currency to gbp so even if i bought it in 10x in indian rupees i can reflect the value in

pounds for example so you can do it in any currency at any point of time and uh the

advantage that you have is that um if you want to sell it like if you're selling a portion of your

cryptocurrency then you can track whether your portfolio is have you made a profit out of it or you

know what kind of position are you sitting on on a live real-time basis you can actually do that

if you bought thousand and then if you're selling like 200 300 then you can track you can add that as a transaction

in your portfolio and you can maintain that portfolio as a value that you are

holding in multiple exchanges this is useful because uh you could be holding your

uh your coins in like you know in uh engine wallet and different exchanges and so let's say let's assume i'm

selling zap now right so i say sell instead of buy and i put in um you know the value

let's say 500 uh half of it i'm going to sell so once i click on save and i click on refresh now it tells

me that i have sold half of it it reflects my portfolio and it says that i've made up 0.06

percent my portfolio is up because of the profit i made up because of the sale that i

made it takes that into consideration as well so once you put it in and start using it

you will better understand how useful it is for you to track your portfolio on a real-time basis

and if you don't use anything like this it is probably a bit more tedious to track all of these cryptos

on a daily basis another thing people ask me is uh you know where do we find this

information what are the blogs that you can recommend so i uh suggest coin telegraph

because coin telegraph is um where i think it's kind of neutral for all of the um

coins and you know they don't only promote one particular crypto there are some blogs where they only promote one

particular crypto or they're kind of um you know they have certain cryptos or favorites coin

telegraphs like you know it's anything that's happening in the crypto world they kind of report about it

and then once you found some cryptos like zap or link for example right then you can

go to those website they have their own websites they have their own um articles like you can go to zap.org you

can find that they have written uh monthly updates like september update august update they they have a monthly

update and this is quite good this tells you know what are the collaborations that

they are working on who are the partnerships they are working on like for example

zapp's september update with the university of connecticut they have a collaboration that they've

announced recently which is quite interesting you know what kind of uh new technology that these these

cryptos are working on and these technologies are very important because that's what is going

to create the intrinsic value of these coins and that is why they are all going up

and that is why you are basically investing in these coins and medium.com is probably the one

platform where most of the famous cryptos write their own articles but you need to take it a pinch yourself

because they're all written by the own organization it's not like a review but that somebody else is writing like coin

telegraph is like a blog or a news articles um every coin has their own website and they have

they have their own white papers as well and the white papers basically tell you the intrinsic value behind the coin and

and what are the new technologies that uh that are going to up that are coming up in the next releases as such

so we need to uh before we look at some of the coins that people had requested like uh

um you know buildex coin or tron coin we need to look at something which is very unique it's called as a doggy coin

doggy coin was created as a joke um it was basically the because the the blockchain protocol was

now more commonly available more readily available anybody could uh create a new coin and

launch it um so easily that the technology was so easy to implement and

today in fact with the zap and tokenization engines it's so much easier to create a coin

with minimum technical knowledge so doggy coin was one such coin like six five six six seven years back where they

basically created the coin as a joke the founder basically said that uh doggy coin is a joke coin it's not

uh serving any purpose but we're just trying we're just trying to create a coin just to

see how the market reacts actually the market took it quite seriously and a lot of people started buying and

selling and trading these coins and it was admitted to a few exchanges as well and surprisingly the coin has now

created a value and it's still existing it's still somehow created an ecosystem um even though the owner admitted to the

fact that there was no reason for this coin it is just created as a joke now it has its own eco system and people

still trade doggy coin and you know nearly six or seven years later where people expected this coin to

die down it is still being traded it is still being traded as a commodity

and uh people hold doggy coins as well um but this kind of set precedence

for people who really want to create a scam to create coins more easily sometimes

without a blockchain sometimes with a blockchain i mean there are coins that have been created with

absolutely no blockchain behind it just the name of the coin where people have sold it to innocent buyers

who know nothing about the crypto industry who know nothing about the concept of cryptocurrency like i've

been explaining from my episode one about what is blockchain and i've been technically breaking it down

um you know what is blockchain in the first place before you invest so people have been selling

cryptocurrencies without any blockchain even behind it so buildex um is one of the indian gcc hub

coins where there's a lot that has been written about it but most of the articles are written by

beldecks themselves there are no neutral articles that have been written about it most of the articles that have

written been written about in neutral uh blogs are negative uh they are basically

um you know they're basically saying that beltex is like a um a ponzi scam or a ponzi scheme but a

ponzi scheme is basically like a chit fund or a pyramid scheme and you can read about what a ponzi

scheme is in u.s securities exchange commission they have a detailed article about the ponzi schemes

i'll share this link as well so ponzi scheme is basically where an initial

group of people they benefit out of the coin and then they are benefiting because the

others are actually losing money so that's how a ponzi scheme typically works

and a lot of the indicators about the buildex coin the technical indicators the uh the concept itself is like you

know uh looking like it's a it's a ponzi scheme and there's a lot of

allegations against this coin um and a lot of people promote it very actively because you know they're

obviously going to get benefit out of it if you look at the uh the technical chart or the the price chart of beldex

coin in um in crypto if you look at it for like six months one month

it's looking fine but if you look at the the all-time price chart um you will never see a price chart like this for

most generic um true coins like you know it's it's literally dropped 99

in value on just one day uh it's like literally fallen from about you know roughly about uh

18 pence to uh one pence or less than one pence it's like lost hundred percent of its value in just one day

um i don't know what had what really happened during that point of time but this is a classic indicator of a coin

where it could be a ponzi scheme or it's a scam coin and if you see these it's basically

these are alerts that you can you can get to avoid a particular investment to avoid a particular coin

even though there is there could be a blockchain behind it they're publishing white chain white

white papers there's there's uh technically there is something behind this coin

um there is no intrinsic value for this coin you know they're talking about this coin

having a compliance to sharia law and all of these things generally these these kind of indicators

tell you that there's probably no intrinsic value to the coin the coin is is a scam that is being promoted using a

ponzi um scheme or a ponzi uh process so i wouldn't buy it i mean that's my personal opinion again

based on all of the um you know i've been sharing like you know for the last seven or eight videos i've been sharing

technical information about coins and why you need to invest in coins so personally i wouldn't choose these

kind of coins that's that's about beltex and uh another common

coin that people have been asking me and i'm very surprisingly is about tron and uh

tron is uh probably one of the over marketed cryptocurrencies in the world um like

bitcoin and ethereum the reason is uh the it's got a very sound platform it's got a very sound

white paper again it's got a very sound technical platform and it's got usage as well

there's intrinsic value as well but the problem with tron coin is its founder justin sun

was a very eccentric uh chinese millionaire and who was the guy behind the tron coin or the drawn

cryptocurrency network or protocol itself like three years back

right from the time that they created their white paper there have been allegations that

they've done plagiarism where they've copied from ethereum or from other ethereum coins

and uh justin sun has also been in the news for uh you know over-hyped uh marketing news

like you know he bid 4.57 million dollars for one lunch with

warren buffett who's a billionaire in the uh in the investing world and this event

was actually uh in the news a lot and that's how he became more famous

and the justin sons name kind of became headlines because of this uh crypto lunch uh power

lunch for crypto that was called and it actually never happened there was so much of hype and so much of news

articles around this crypto lunch 4.57 million million dollars he had paid for it

that that never happened so um long story short he's kind of a very uh um hype person i mean he creates a

lot of hype and sometimes it doesn't live up to that hype because it this this launch never

even happened but if you look at the price chart um overall price charge it kind of

resembles most other cryptos it still has a stable value um it's still growing and there's a lot of

intrinsic value behind it it's used in the tron as such as a coin is used in the in

the entertainment industry is used in online gambling and online casinos as a coin

behind it without having us dollars or indian rupees or gbp you can actually uh do online casinos with the tron coin

so it kind of supports that kind of industry very few coins

um are in that industry and they're very successful in that industry so um not only that i mean there are

some other problems where you know the former employees have have launched legal

proceeding against justin sun and there's been some protests in the beijing office in china there's

been some protests against tron for various reasons i mean there's protesters who stormed the beijing

offices they've always been in the news for controversial reasons that's the only

problem with the uh the company behind tron the tron as such as a coin

as a cryptocurrency has a intrinsic value that it serves has got some sound uh meaning to it but

it's the um it's the founder and the owner of the foundation of uh

uh drawn justin sun who's probably more controversial and that's probably the only thing that kind of stops me from

having this as my top 10 currency so not that i don't buy or i don't sell drone i mean i have done a little bit of trading

with tron um temporary trading like if i know that it's going to jump up 10 percent 20

percent because of the events that i'm expecting i kind of buy it and sell it i don't hold it in value like i

do with my top 10 coins like link or zap that i explained in my episode too in detail

why i'm holding these as my top coins and why i'm investing so much money in these top coins like explained in my

episode too so that's the only thing about tron um i'm this is not by no means this looks

like a scam because a lot of industries are using tron as their blockchain

but it's the um it's the amount of tron that is owned by justin sun that's a point of concern and also he's launching

new coins using the same protocols scoping the protocols he's now created a sun protocol he's launching

a sun coin in his own name like tron and that is also having its own market now being created

so i don't know how much attention he will continue to give to tron that's another worry that we have to think

about so i have explained uh in my uh in my third video in my fourth video the

crypto exchanges and the wallets that i've been using uh so wazirex is a coin exchange or crypto that i i

recommended for india i have the links in my description uh coinbase is a wallet that i recommended for like

countries like uk and us and i again have the links in my description but uh

the wallets that i uh now use more um than these other wallets and exchanges this um

is a wallet called crypto.com it's got a wallet and an exchange kind of a very different

uh from the wallets and exchanges that we've seen so in my next video i'm going to be covering about crypto.com and why

crypto.com and why i've bought cro which is the native currency of fructo.com or their own currency

and also now i've moved a lot of my funds to bittru another app that i showed with a demo of where i

could buy zap quite easily and i'll i'll explain in another video the next couple of

videos i'll probably explain one video about crypto.com on the next video why i moved my

currencies or why i moved my digital currencies to be true so those are my next two

upcoming videos so do subscribe and uh you know get notified to watch those videos and you can follow me on link on

on twitter and other social media as well so until next time thank you bye

[Music] you