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Cryptocurrencies are here to stay. These digital assets are going to be a permanent feature of banks and asset managers' investment portfolios in time to come. Newer terms such as DeFI (Decentralised Finance) is also changing the investment landscape by relying on a central authority to distribute the loans, etc. Blockchain technology has provided the technical workings for cryptocurrencies. While it looks promising there is also the risk of trading cryptocurrencies. It is volatile and susceptible to technical glitches, human error or hacking.
Anndy Lian, an inter-governmental blockchain advisor and entrepreneur will explain what is cryptocurrencies and insights into this new market. This show is hosted by Rajeev Aggarwal, a former stock market reports at CNBC.
"Understand crypto before putting your money in. You need to study their business model, revenue streams, team members and the underlying technology. If you believe in what the project is doing and you understand the risk, then you go for it. Always exercise with caution." Anndy Lian commented.
Anndy Lian also commented that community support is another important factor for a cryptocurrency to work. Anndy mentioned this offline to Blockcast.cc reporter that meme coins are really popular, projects like DOGECOIN, KINGDOGE, SHIBA INU are gaining good traction. PANCAKE and SAFEMOON for instance are trending consistently for a long while. He emphasised that spotting the trends is one important factor in investing.
"Invest in multiple baskets. Do not put all your eggs in one basket" is the message Anndy is trying to convey. The importance of diversification is more glaring when it comes to crypto investment. By spreading out your options between "Top 5 coins", "Active Trading Coins" and "Rising Stars" for example, you can decrease your financial risk.
00:00:00 Introduction
About Anndy Lian:
Currently, he is appointed as the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group where he looks after the governance and compliance aspects of the business. Anndy is also part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, helping the province to grow using blockchain technologies.
He is the Chairman (Singapore) for Korea eSports Industry Association (KeIA) where he is actively promoting eSports to go mainstream and adopt cryptocurrencies.
He also played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.
For more updates, visit www.anndy.com
https://youtu.be/YukNrCRW9HY
Disclaimer: The information is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice or recommendation of any sort offered or endorsed.
Cryptocurrencies are here to stay. These digital assets are going to be a permanent feature of banks and asset managers' investment portfolios in time to come. Newer terms such as DeFI (Decentralised Finance) is also changing the investment landscape by relying on a central authority to distribute the loans, etc. Blockchain technology has provided the technical workings for cryptocurrencies. While it looks promising there is also the risk of trading cryptocurrencies. It is volatile and susceptible to technical glitches, human error or hacking.
Anndy Lian, an inter-governmental blockchain advisor and entrepreneur will explain what is cryptocurrencies and insights into this new market. This show is hosted by Rajeev Aggarwal, a former stock market reports at CNBC.
"Understand crypto before putting your money in. You need to study their business model, revenue streams, team members and the underlying technology. If you believe in what the project is doing and you understand the risk, then you go for it. Always exercise with caution." Anndy Lian commented.
Anndy Lian also commented that community support is another important factor for a cryptocurrency to work. Anndy mentioned this offline to Blockcast.cc reporter that meme coins are really popular, projects like DOGECOIN, KINGDOGE, SHIBA INU are gaining good traction. PANCAKE and SAFEMOON for instance are trending consistently for a long while. He emphasised that spotting the trends is one important factor in investing.
"Invest in multiple baskets. Do not put all your eggs in one basket" is the message Anndy is trying to convey. The importance of diversification is more glaring when it comes to crypto investment. By spreading out your options between "Top 5 coins", "Active Trading Coins" and "Rising Stars" for example, you can decrease your financial risk.
00:00:00 Introduction
About Anndy Lian:
Currently, he is appointed as the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group where he looks after the governance and compliance aspects of the business. Anndy is also part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, helping the province to grow using blockchain technologies.
He is the Chairman (Singapore) for Korea eSports Industry Association (KeIA) where he is actively promoting eSports to go mainstream and adopt cryptocurrencies.
He also played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.
For more updates, visit www.anndy.com
https://youtu.be/YukNrCRW9HY
Disclaimer: The information is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice or recommendation of any sort offered or endorsed.