Naeem Aslam: “I am a bull. I am completely a bull”

I'm holding Ethereum, Bitcoin and a few other currencies. Come on, you've got to be somewhere sitting on the yard. You can't be hustling and dustling in one of these conferences. Bitcoin is the religion.

Hey, guys, this is Kathryn Ross from Cointelegraph here at Berlin with Naeem Aslam, who describes himself as crypto enthusiast. Is it correct? Okay. Okay, Naeem, you're very experienced in trading, right? From what I saw. And my first question is, can you explain the difference to the readers between technical analysis and fundamental analysis?

Well, thank you and it's lovely to be here. I think that there are two different things. Look, if you're mathematicians, then, and you love to read charts, then technical analysis is your thing that you wanted to be focused on. If you like to see the underlying fundamentals, what is actually driving the move, apart from that zigzag move that we see it, that's your fundamental analysis. Okay, which one is more important?

Yeah, my next question. More relevant to the immature crypto market? I would say. More relevant, More appropriate, I would say. Which one?

I'll give you a good thing.

Okay.

You know what happened during consensus?

The price went down.

The price went down. Yeah. What did the technical analysis say? That when consensus event happened last year, the price went up.

Yeah.

I'm gonna write something about that.

Oh, you, you're gonna publish it, the Cointelegraph, right?

Maybe, but for sure, on the Forbes. I will write it because I would love to. So I think for technical analysis, it's the history which repeats itself. How long is the history that we have? We have less than a decade, like maximum from 2012 to even now, even if you call that. But it's good enough. I myself, when I sit on the Bloomberg terminal and I look at different cryptocurrencies such as Bitcoin, are you holding it?

I'm not at liberty to say because I'm a journalist, you know.

Well, I. For the disclaimer, I can. Because I do.

Do you?

I am. Okay. I'm holding Ethereum, Bitcoin and a few other currencies for disclaimer.

Sure.

So when I'm looking at the technical analysis by using the Bloomberg terminal and I have different indicators, it can clearly tell me that. Okay, look, if you use this particular indicator on this particular time frame, and I'm sure that the people watching this one, they will understand that, like my suit isn't gonna fit anyone else suit. It's a wrong method to just take the indicator and then Apply it. That's not gonna work. You have to customize it, get it tailored. So basically, if it's a 30 minute two time frame that you're looking at an active investor, then there are certain strategies that you can only use in them and back test them. That's what we do. So do watch some of the videos that I've done on the Facebook or on the social media.

Okay, Okay, I will. I'm sure the readers will too. So that might sound like a strange question, but what is the most volatile cryptocurrency you've ever seen? Like, I mean, during two, three years? Because you've probably been analyzing a lot.

Yeah, right.

So it's not necessarily bitcoin. Right. Because people, you know, they have all eyes on top 10, obviously. But what is the most volatile so far?

I think any ico, which is just out of the door these days, is volatile for investors. And I would say. And please, this is for disclaimer. This is not an advice.

Sure.

I would suggest that as a newbie, you wanted to play with the crypto come and then just buy Bitcoin and Ethereum and hold it. Don't go venturing into finding another Bitcoin that's not that easy to do it.

Well, I mean, I've been, you know, I've been holding for three days, I need to do it. You know, this is the terrible thing.

If you use a methodological approach, if you used proper discipline and if you use the benchmarks like there is enormous amount of literature and work out there on YouTube, free media, use some of them to teach yourself to download the spreadsheets, measure them against the benchmark and then perhaps you'll be able to find the next currency which is going to give you a certain multiplier or 45x and then yeah, you can retire with your yacht somewhere. But for the time being, I think as a newbie, just stick to the mainstream currencies. And I was on the Bloomberg the day that the futures got listed for bitcoin in December. In December 2010. Yes. So since then, look at the daily range of bitcoin as an increase or is it more consolidating? That gives you pretty much the answer whether the bitcoin is becoming more volatile or whether it's becoming more stable with that respect. Because now we are in a very narrow range of 3 to 400.

Yeah, I think since 2018 it's been.

Pretty narrow range after the first few months.

Oh, yeah. So should we. Okay, that's a difficult question, but should we expect any up movement in your opinion?

I am completely bull.

Okay.

I've written something on Forbes which is Bitcoin is the religion.

And so you go by it, right?

I go by it, I stand behind it. I think if Bitcoin dies the entire industry would collapse. It's a commodity now.

Okay, yeah.

If you want to store your wealth, this is the commodity. If you wanted to take it as a hedge along with other.

So when you mean look at and think about investing because this is like a disclaimer guys. So. And hodl. Right. So for how long do you think? Like for a couple of years to establish it as an asset. What do you mean for how many.

Yes, I think that's a great question. Like how. What's the time horizon? Because I get that question all the time after the conferences. So I would say that look, you are in for a certain multiplier. You are not in for the VIP chores because if that is what you are in for then you should probably be a day trader and then get that. But if you are not, let it sit in your portfolio. And I think the upside is. Well the one calculation that I did and again the white paper and then the research is published on Forbes on it is one Bitcoin could be worth $614,000 in 10 years.

OK, that sounds promising.

But the worst case scenario for me between now and by the end of September is 13,000 and the best case scenario is 17,000. Well, it could go even more. But I think the worst case scenario we are looking at in between.

You really are bullish on this. So if Bitcoin is a religion, should we diversify our crypto portfolio?

For sure.

Why?

Because you don't put all your eggs in one basket. Right. Ethereum, again not an advice but suggestion. I think it's very important people who understand the technology and they understand this DAPP world, they are more focused on Ethereum. I hold more Ethereum than Bitcoin for.

Obvious reasons I guess. Okay, and you were involved in the traditional financial trading, Right. And when did you first hear about it and why did you decided to start trading crypto?

Oh, I left. I left in institutional banking environment the day that I got exposed to Bitcoin. I joined a broker, a firm which was offering CFDs on Bitcoin. Oh, which is contract or future differences for those who you don't know.

Thank you.

It's a very interesting environment so I wanted to learn it. But the question I get asked all the time if you bought Bitcoin back in 2013, come on, you've got to be somewhere sitting on the yard. You can't be hustling and dustling in one of these conferences. But I'm not hustling and dustling trying to educate people what is the technology is all about. I bought it because of the educational reason. I wanted to understand how it works and what is behind it, how it is going to evolve the world, how it is going to bring the change, change this entire environment that we live in. Because Internet changed the world and now it's the blockchain technology. I'm sitting with government officials, I'm speaking, in fact, at the European Parliament in Brussels on the 6th of, just to talk about this, the adoption of the blockchain technology, the importance of this one. Because right now what we need is we need to educate public, we need to educate regulators, we need to educate with central banks. We need to work with them, not against them. Because governments have introduced initiatives like sandboxes and everything. That's a good initiative. Some, some governments have taken a step a lot more further than the other governments, and then they're getting a better dividend and yield in that respect. And certain governments are just sitting, okay, let's see how big the mess is going to be and then we will take our stance.

So you think governments should embrace the technology and cryptocurrencies as well with them?

Without a shadow of a doubt.

Okay, and how would that work? Should they create their own cryptocurrency which basically wouldn't be decentralized then Centralized digital.

Currency is an idea which is towed over and over. And central bankers such as Mark Carney, known as an unreliable boyfriend, has been dealing with this one like a revolving door. So one day a few months ago, they had a different stance, now they're changing the different stance. I think central banks need to be firm with the answer what side they're going to choose. And they have to let technology take its fate. But within the regulation. I mean, I'm not saying that by any means that you can just give them a free hand, because SEC has already said that if you wanted to see a market which is not regulated, that's your ICO market.

Yeah, it is. Okay. And for those who haven't traded before, any recommendation, I'm not saying advice in any way. Any recommendation on how to start or probably which exchange or platform to choose or how to choose it. So any word of advice to newbies?

First, educate yourself about the technology. Read on all major medias that you can get hold of. Right. Two go with an exchange that you feel comfortable with. Look at the volumes on those exchanges. What sort of a volume are they doing? Look at the jurisdictions under which they are trading, because that gives you some sort of a confidence that, okay, that your money would be perhaps saved if anything happened. And choose the platform that you feel comfortable with. But remember, just don't over trade because cryptocurrencies is a different animal which has higher volatility with respect to Forex, with respect to fixed income, with respect to any derivative that we have out there. These are pink sheet stocks. For those who don't know pink sheet stocks, it's just basket of rubbish stocks, but with a huge potential on the upside because some of them would do really well. So stick with the mainstream currencies, the top two, and choose the exchange which has a higher volume and has better jurisdiction.

Oh, that sounds very promising. We're here at Berlin with Naeem. That was a pleasure. Thank you very much for taking your time.

Thanks for having me.

Yeah, thank you. Cointelegraph, like subscribe and Hodl.