 Good morning guys, it's MJ the student's actuary and I woke up today to see that aetherium had jumped 25% In the night So I've got this little bitcoin tracker and all these other cryptocurrency trackers on my phone where you know I see the price daily actually see it hourly and I mean not only have I seen Bitcoin go from since I got this little track It was around like 500 600 Dollars a coin and now we're seeing a touch 1200 which is you know a substantial doubling up but there's also this other currency called aetherium which when I got the tracker was at ten dollars and I saw the other day it had jumped to twenty dollars And then last night I checked that it had jumped all the way up to forty dollars And then I woke up this morning and I saw that it is at fifty dollars so I had to go into the incident be like you know what on earth is going on and Turns out that aetherium is now being traded on eToro, which is an asset trading platform And one of the big pushes for the Bitcoin price was because there was going to be that ETF remember I made a video a while back about that and So what it turns out is that these crypto currencies that because they're getting listed because they're getting injected with a whole bunch more liquidity and because they're being exposed to a whole bunch more People there's way way way way too much to mind at the moment, which is pushing these prices, you know through the roof Now I remember when I came to buy a whole bunch of crypto currencies I even considered following the the passive management approach the passive management approach would have been to buy 80% Bitcoin 10% aetherium and then like a few minor 100% in a few of the other coins like Dash, Dockcoin, Litecoin, Onecoin, etc. etc But I decided to go all in on just Litecoin I had a little bit of Dockcoin, but not not that much, but I went all in on Litecoin and I bought that at your three dollars and seven seventy cents and it's basically stayed that look There is a little bit of a rally at the moment and has jumped up to four dollars and twenty cents But the reason I bought Litecoin was because out of all the coins It had the lowest volatility and I think that that's so important for a currency that it has Like just a stable volatility Bitcoin and aetherium as a currency because the prices are jumping up, you know up and down up and down They really make it risky for just people to use the coin because think about it You buy the coin today and then the next night It's 25% more valuable or imagine if you agree to do an order and payments only done in like say 10 days time And it's in a specific coin and then by the time that that 10 days comes the coins doubled in value You know the deal has is no longer profitable to you So I really don't like that about Bitcoin or Bitcoin specifically is the massive volatility Also, I like the fact that Litecoin has got a little bit better fundamentals But at the moment as of now, I think in the short term I have bought the wrong crypto currency Although in the long term, I am expecting a Litecoin to be to be the champion to to give the better returns You know like in a five-year look at me five is a bit long Maybe in a three-year three-year time period in the sense that because it's so well because it's not that volatile I expect more and more people to start using it as their you know currency for for online trading And then I expected to slowly increase day in day out, you know to get to my stable return Whereas with Bitcoin and Ethereum, I mean they could potentially be on bubbles at the moment and yeah bubbles could burst But look, I'm saying this at Ethereum at $50. I mean I will not be surprised by the end of the week It is trading at $100 Although sure to do that. I mean Ethereum. It's a complicated technology. It's more complicated than Bitcoin It has done something known as a hard fork which further complicates everything so that kind of put me off Ethereum, but It turns out that the market likes Ethereum and it's going through the roof But anyway, that's just my my little thoughts. I'm not kicking myself Well, maybe I maybe I am but I definitely did buy the wrong crypto currency in the short term Although I must say I wouldn't recommend anyone buying crypto currencies unless you've done Thorough research, you know what how the blockchain works You know what are the principal drivers and even then I would say it is a very very risky asset Definitely not appropriate for a pension fund or you know an institutional investor But it is saying that you could have fun with as you know as a little side hobby but anyway, that's all I've got time for let me know if you've got any questions below and I'll see you for my next video. Thanks guys. Cheers