Electroneum - Breaking Away From Crypto Markets!

Hey you, welcome back to the channel today, guys. I hope you all are having a great weekend. Um, beautiful day outside. I've been out most of the day, and, uh, uh, I always try to remind people that although we're deep into this cryptocurrency thing, many of us take a moment to get out, enjoy some of the beautiful daytime with your families and things that are important, that are very important in life, and cryptocurrency will always be here. But guys, let's talk a little bit today, something that's been on my mind. It's been about, you know, this effect cryptocurrency has on us of always watching the markets. You know, I tune in to CoinMarketCap and Every day, and I'm watching these, this $200 billion market capitalization go up and down, and we talk about bear markets a lot. In relation to Electroneum, I'm really starting to feel that Electroneum is breaking away from the cryptocurrency markets. It's— I mean, the problem with a lot of cryptocurrency, the bear markets, is that many of these things, the money goes into these things based on use cases, supply and demand factors, right? So in economics, there are two, uh, key types of expenditures, um, elastic and inelastic. And what that basically means is that when you're dealing with an elastic expenditure, generally you're dealing with something that you can kind of, uh, you kind of need it but you kind of don't. It's flexible, but it's, uh, you know, you got some, you got some, some play there, some wiggle room. And so when money pours into these expenditures, you can cut back, you can put more, you can pull out. And various things like that. Whereas with inelastic, you don't have that. These, these supply, this, the need, the demand for this is so great that it has to be where your money goes, where expenditures go, right? Because it is necessary. It's necessary for survival. It is necessary due to practicality. It is something that people have to use, want to use. And so what's happening in cryptocurrency is a lot of money is being put in, taken out, held out, put back in fiat because there is this situation where people are still trying to figure out where cryptocurrency serves people the best and, you know, how it's going to change their lives, how it's affecting their lives, and the importance of it. And so that's why you're seeing— we have these various markets. It's not that money disappears or that money just suddenly comes out of the ether. It's more or less that people are moving money based on supply and demand factors. They're moving money based on the utility of where their money needs to be and the potential for that, for their money to be a security for them later in order so they can use it later. Now, in the case of the cryptocurrency markets, a lot of that is based on that last part, the last portion, that is one day it'll be something that we really need to use, that it'll be a safe haven for our money and various things like that. And so because I'm not a crypto expert, I'll use the term it's so elastic. That's why I think we have many of these changes in the markets. We have, we go through these long periods of bear markets as people are trying to figure out what's going on, what's needed. And then we get to Electroneum, right? And so what we get with Electroneum is we get the target of these unbanked areas and the importance of banking, being able to transfer money, right? Being able to use money, being able to distribute money so that there is a more healthier economic society in a given area. So to try to be specific and underline that a bit more, if we think about like what's happening with many of the unbanked in lands Electroneum is targeting, and you think about how they're trading off phone minutes for bread and various things like that, these phone minutes have effectively become a barter tool, a money almost, if you will. Right? It has value to the people. They can now trade it for bread, they can trade it for what have you, they pay bills with it. Um, and so now you're getting out of a more elastic situation and more into an inelastic situation because these are things needed for life and things need to live. And so, uh, electronium has effectively made it a much more viable solution in order to facilitate that, in which they take obviously the wallets, the mobile miners, and the mobile wallets rather, and the partnerships that they have with various mobile phone operators in order to make this a type of viable way to transact business more safer, just more efficient. And so this, this is all very interesting and important, guys, because what it means is that that solves a lot of the issues with the instability of the cryptocurrency markets as we find these areas that deal with the inelastic. The problem with many cryptocurrencies is that they're still on this road of discovery as to what exactly they want to do with it, and is it something that is, you know, something that we need. And in the West, many of us are, you know, obviously still using Visa, MasterCard. We're, we We have our banks, we have all the— we have a very sophisticated and very still structurally sound monetary system along with monetary policies. I think it's a bit more on the mythological side that we have this idea of a breakdown of our economic systems and that our, you know, our money is not our own and not safe. And it is there is truth in that as well, but not at the level of significance like what we're talking about in the cryptocurrency markets and what needs to happen for the cryptocurrency markets, I believe, to truly fulfill its potential. And that, and that goes back to dealing with the inelastic— what Electroneum is dealing with now is the inelastic ability of groups of people to use, to need to be able to use, um, money, uh, and be able to transact business in a way that they can't right now because it's too costly, it's too difficult. Um, and so what that brings me next is into trying to understand, and that's really trying to take a look at this as Understanding that Electroneum shouldn't be met or even looked at in the same way as coins that trade in the cryptocurrency markets, and that covers everything from total market capitalization of what we have in cryptocurrency now and everything into what, how we convert our, the Electroneum as far as exchanges and, um, in the life. Um, and so I think it's very important to try to stay within the mindset of Electroneum being this, uh, having this access to a much larger capital pool, right? The partnerships, the entire approach pulls it all the way out of the cryptocurrency markets. Um, and we're no longer operating in just a $200 billion market capitalization. We have to escape— I have to escape, uh, this heroin addiction, this crack cocaine addiction of running a CoinMarketCap every day, seeing how much money has been injected in the market, see if the price of Bitcoin has risen. In some hope that this affects Electroneum and we come out of this bear market and go on this bull run. Electroneum is doing fine, right? It's doing, it's doing excellent. It's doing what I would, what I would expect to see in a healthy cryptocurrency as far as its performance as of late and as far as its road envisioned towards the future. It has all of those elements, as far as I can see, that are going to be important, uh, moving, moving forward. The reason that we have to escape, or we should look at Electroneum vastly differently than many other cryptocurrencies, is the nature of Electroneum is tapping into this huge $3 trillion market that will provide us any capital we need, any trade volume we can think of, and any value that we're going to be searching out and seeking to find in Electroneum going forward. So what I'm trying to drive home, guys, is we got to get out of the idea of the bear markets, that not being a good time to invest. Electroneum is its own thing. And this isn't financial advice. I'm just going to tell you all, you know, how I'm looking at it and what, what I'm doing. Um, you know, you have to always do your own research. You always have to, uh, be willing to lose when you make an investment of this level. However, I want to just tell you about psychologically how I see it now. So a lot of my portfolio, um, is— or a good portion of it, because I still do believe in diversification— but a good portion of it will be allocated to Electroneum because Electroneum is covering many of the bases of what I need to see in a cryptocurrency. But Um, you know, in addition to that, Electroneum has access to large amounts of capital right through the partnerships and then through their endeavors. And so, um, this is vastly different from what we're getting in traditional— in the traditional cryptocurrency thought process of looking at the top here, CoinMarketCap, and going, it's only $200 billion in the market right now, and that's what we got to work with. And so, uh, that's the purpose of this video, guys, to kind of try to drive home that looking at CoinMarketCap, looking at bull markets, looking at bear markets, uh, is Electroneum something different now. Right. And I, and I, and I'm really getting out of the bit, the entire Bitcoin thing. I'm not saying I'm not going to hold Bitcoin or not to hold Bitcoin, but I'm really, I'm really not seeing a specific reason for Bitcoin to be as dominant as it is right now and for us to even have this mindset into this Bitcoin dominance like many of us have had. Um, and so psychologically, I think that's what has to happen first, that we have to change from instead of always going, oh, we have a $200 billion market cap, into going something like we have a $3 trillion market cap and not being afraid— well, I'm speaking for myself now— not being afraid to be a much bigger investor and hold a lot more position in Electroneum, as opposed to maybe what many of us have done with Bitcoin and some of these other tokens that I don't think have— or that I rather think are going to always have to operate within the parameters of market capitalization that we see every day listed here on CoinMarketCap. Um, another thing I'd like to talk about is besides just the partnerships, what we're getting with Electroneum, and besides just the, you know, whatever we can expect coming through the exchanges and various things like that, um, is that I, uh, many of us now, uh, through the community, um, are creating these, uh, you know, many vendor-based businesses that are accepting Electroneum. They look awesome. Many of them have great concepts and great ideas that I think will do great, that I think will perform very well, and I definitely will be a consumer in these Electroneum-based venues. And, uh, but what I think also is going to be very important, and I think this is going out a lot specifically as well to the many of the, um, Electroneum community that are setting these great things up to sell electronics, um, to create, um, auction-based websites like Amazon Um, you know, to have it to where you can pretty much just conveniently purchase anything you want within the Electroneum ecosystem, but with Electroneum, I think that it's going to be very important going forward as well that we start to not only just branch out with our, uh, direction into creating all these various vendors for our existing community, but we as well create a marketing pipeline, right? And what I mean by that is I'm not talking about what Electroneum the business is doing. That I'm not— what Electroneum the business is doing is awesome. They're focusing on and targeting large partnerships that are going to greatly change and affect, uh, how many people around the world do business, how they transact their business, and it's going to work very well in my opinion. But I also think within our own communities, as we're forming these various ways to create these merchant-based businesses is that, you know, a lot of content that we do with Electronum, I think it's very important that many of us, you know, whether you make videos or don't, we start to share a lot of this content, a lot of these videos, right? It's very important. I know, I know a lot of people probably watch the videos, they don't share them, but they, but they do participate, you know, by, uh, by, by watching, watching the videos and many, and we very well appreciate that. But I think it would be awesome if many of us who have large social media followings, um, uh, and, and, you know, uh, whatever social media you have, that you really get into the habit of sharing these videos. If you don't have videos to share, share my video, share other members of the Electroneum community videos on your, on your Facebook, your Twitter, the various social media websites you, you use, because that's free marketing. It's very important, and it's, it's going to be able to enlarge our community more so people can participate in our ecosystem and various things like that. Uh, Electroneum, the company, is doing an excellent job. But there's— we also have a part to play in this, and many of us are playing it, creating various businesses that are going to perform well. But we have a role to play as well as members of the community to get the message out about Electroneum and share this very important content. I'm also very inspired by a great deal of talent I've seen around Electroneum, much of which was shown during the Electroneum contest, uh, where I think they gave away like 400,000 Electroneum or something like that. And, um, what we got to see was we got to see very talented people, videographers, create these very compelling— look like these kind of professional, uh, uh, um, videos, uh, videographies of how people felt about Electroneum, right? Just very artsy, well done. I would love to see many of us who were able to do those type things, just do them and have us post them all around social media and share this idea of Electroneum with the rest of the world. And I see no reason why Electroneum can't be its own thing, can't be very successful even well beyond the scope of, uh, cryptocurrency markets, CoinMarketCap, the exchanges, Bitcoin, all of it. It's at this point in time, there's no reason, uh, for Electroneum to be locked in the box of bear markets and bull markets. Uh, I think Electroneum at this stage really has its own economy that will be able in the near future to rival all of the cryptocurrency market, right? And many of us have spoken about this in various ways through many of our videos about this decoupling that will happen with Electroneum in one form or another, in one fashion or another. But I think first it starts with us psychologically, how we view Electroneum with the rest of the cryptocurrency market. You know, do you suffer from the coin market cap addiction like I do? Something that I know I'm gonna kick the habit and I won't, you know, be subject to it anymore. But I think it first starts that way psychologically. And then, you know, the next, the next part is then we start to really see it going into action. How we view Electroneum is totally separate from these other cryptocurrencies because it is, it is. Electroneum has access now to more money that is in the entire cryptocurrency markets. And so we don't really need them in the sense that many of us, I think, psychologically are still kind of in bondage thinking we do when we don't. We do not, I can assure you we don't. But guys, that's all I want to say on this video. I think I'm gonna get back out and enjoy the sunshine a little bit more, do a little bit more gardening and then having dinner with the family a little bit later. I hope you all as well are enjoying your Sundays. And guys, I want to thank you all for being a channel watcher, and don't forget to like and subscribe. Don't forget to share my videos and other Electronium members of the Electronium community members' videos all across social media. Even if you don't think it's important, I, I would hope that you would do it anyway because it will create this, this effect all across social media and people will take notice of Electroneum and our ecosystem and economy will grow to the point where we won't have to worry about the market capitalization of cryptocurrency. We will not have to worry about exchanges or Bitcoin or anything like that. That's all I want to say, guys. Guys, if you like content like this, don't forget to like and subscribe. And until next time, take care.