Invest in YouInterview With Token Metrics
In today’s episode, Fredrik is joined by Blockchain Entrepreneur and Investor, Cryptocurrency expert and CEO of Token Metrics Ian Balina, along with former Goldman Sachs financial market thought-leader and Token Metrics ‘Chief Technical Analyst’ Bill Noble. Together they discuss the impact Cryptocurrency is likely to have on the world, warning signs to look out for when investing in Crypto along with discussing the importance of doing thorough research into Cryptocurrency before taking the plunge to invest.
KEY TAKEAWAYS
- Token Metrics helps onward people into Cryptocurrency by giving them a trustable resource to help them build a winning portfolio in Crypto space. Not everybody has the time to do research into Crypto as it is unlike other markets. There are many scams in this space so Token Metrics is a trusted resource where humans go through and do fundamental analysis on projects, they then take data and find ways to help people find an edge in terms of investing.
- On the Token Metrics platform, they have a metric code and liquidity ratio where they take the daily trading value versus the market cap. Ideally, you want to be in a Crypto asset that has a ratio of over 10% or higher. You also want to be cautious of projects that have a ratio of over 100%. That means most of the people who hold it, put it for one day or less. Meaning it is heavily traded and could be on a VAT exchange where there is a lot of inorganic trading falling.
- Warning signs can come from within yourself. Many people come to Crypto with $1000 and they want to know how to make 10 X or 100 X quickly. The best way not to get scammed in Crypto is to go in with the right mentality that you have to first learn the space, and then you have to focus yourself on making 10-20% returns.
- For people who want to get involved in Cryptocurrency at a high level, it is definitely recommended to do the research. Keep up to date on well-known publications as education is crucial. Whether this is by getting books or subscribing to different new letters and YouTube channels. As you get better in the space then you will find yourself being more comfortable with Cryptocurrency and able to invest.
- Cryptocurrency is a free market. People who grew up with an economics textbook grew up with a reverence for price discovery for economics for free markets. Right now the only place you will find that is in Crypto. Crypto is building new money and new tech stocks. Crypto is not only the future of money, but it may also be the future of banking and tech, and it is being built quickly. Not only can Crypto be a financial asset, but it can also be a tech play unto itself.
BEST MOMENTS
“As a technical analyst, I dedicated my whole life to helping people.”
“ If all else fails, if you go to a website for a Cryptocurrency and it has a logo that looks like it should be a tattoo and its only a one-page website, then you should be careful.”
“In terms of global market cap, Crypto hasn’t even registered yet.”
VALUABLE RESOURCES
- Subscribe: Invest In You Podcast
- Order and Read Trust is the New Currency book by Sheila Holt & Fredrik Sandvall
- Kickstarter How To Make Money As A Teenager book
ABOUT THE HOST
Serial entrepreneur Fredrik Sandvall loves sharing ideas and interviewing world-class entrepreneurs and influencers. Invest in You is about investments, entrepreneurs, personal development and doing fun things. He hopes to ensure you take action, helping others and yourself, plus enjoy the journey we call life.
CONTACT METHOD
Contact Fredrik Sandvall – Invest in You
https://www.linkedin.com/in/sandvall/?originalSubdomain=uk
https://www.facebook.com/FredrikinLondon
https://itunes.apple.com/gb/podcast/investing-skills/id1445899547?mt=2
Contact Charlie Sandvall
Contact Ivan Sandvall
Contact Guests:
https://tokenmetrics.com/?ref=fredriksandvall
(The referral code fredriksandvall will guide you right)
Bill Noble @crypto_noble
Ian Balina
@DiaryofaMadeMan
