what's going on guys Patrick here bringing you a brand new video today we
got another killer video for you guys full of information today we're gonna be
looking at why I think cryptocurrency could replace Fiat we're also gonna be
looking at these three common mistakes new traders make and tons of other news
that went on in the cryptocurrency space but guys before we can start with that
if you want to enter a chance to win some free Bitcoin all I guys have to do
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check out the first link in the description or the first link in the
comments for the cryptocurrency trade alert group so far we've had a ton of
success when over 90% success rate on our trades ranging from both all coin
trades to Bitcoin leveraged trading so no matter what type of trading you are
interested in there is something in there for you
our last two weeks we've done over thirty percent profit and in our last
seven days our last week alone we've done over twenty percent profit that is
while the market has been sideways and everybody has been waiting for some
price movement so if you have no idea how to do technical analysis you don't
have the time to do technical analysis I post every single one of my traits in
the group so you can copy my exact trades that brought me to a six-figure
portfolio you can copy the exact trades I am in so you can have those gains as
well guys we've had people make up to two Bitcoin in one single day as well as
countless other people make an extra 100 500 or 1000 dollars now let's move on to
some news because we have a lot of good stuff going on first of all some
blockchain of adoption news Alibaba cloud launches a global blockchain
service now what actually happened here is that they have expanded their
blockchain as a service beyond their domestic border so now they are offering
this as a global thing this is the cloud computing part of China's largest online
retailer retailer Alibaba which is another company with another founder so
Jack Ma another one that is very very interested in the blockchain in crypto
currency and has had a lot of rumors tied between him and some specific
crypto currencies out there and other names namely Justin the Sun is another
one that gets tied in with Jack Ma a lot similar to Elon Musk in the sense that
you know very forward-thinking always looking at new innovation and adoption
but he actually looks like he's more into you know blockchain cryptocurrency
that Elon Musk seems to be at this time obviously we don't know for sure but
overall this is some very good news now on the maybe not so good news coinbase
laid off staff and this could be related to decreasing demand so if you guys
remember at their peak they were adding reportedly
50,000 new customers every single day and obviously that was during the bull
run when we were having those all-time highs people were flooding into crypto
currencies and tons of accounts were made now the USO now claims coinbase
reported to have laid off their existing staff after recruiting 250 new hires now
they didn't say they they didn't want to say how many they actually did layoff
but insider source said that the number was more than 15 and at the senior lead
the senior leadership is handling communications poi so people are pretty
upset about it I assume they would be upset if they got laid off but the
communication part is very important now the fact that there there are layoffs
happening is something is not as nothing new it happens to a lot of companies
especially when it comes to a little bit of a rougher period they hired a lot of
people because of the bull run so they're starting to realize that with
less demand there isn't the need for everyone to still be there delete so
they are starting to lay off people and you know what I'm sure when the bull run
comes back if coinbase is still on top and they get an influx of new accounts
and new users they're going to have to look to hire some more people but this
happens to every come this happens to every company you guys remember in every
time there is financial crash companies or even just you know a company's having
a rough period the first thing they do usually is to lay off staff now if you
look at the last week in review guys this week has been very very bullish for
crypto currency honest way more bullish news than any form of
bearish news going on now I know we are still consolidating in terms of the
prices but this is a very good thing moving forward because I would rather
have bullish news now while we build up for some bullish action then
continuously see bearish news even if we're trading sideways I would much
rather see adoption in bullish news then I would like to see bearish news I'm
sure a majority of you guys probably agree with that as well so let's take a
look at some of the highlights of the week japan's
FSA green lights crypto crypto consortiums self regulating status so
what they said here is that it's a very fast-moving industry one that we know to
be true right it's better for experts to make rules in a timely matter than a
timely manner then bureaucrats do so what they're saying is better to let the
people who know what they're talking about deal with it then get people who
don't know what they're talking about to try and deal with it so overall is gonna
make it faster if the experts deal with it and there's a higher chance of good
things being done rather than try to put it on to people who have no idea what
they're doing there's a much higher chance that they will mess things up
right now coinbase was also awarded their custodian a license by New York
regulator Mumbai New York regulator now again this meant that maybe we'd be
seeing XRP listed on there currently they have they have a custodian license
which is not the same as that they're gonna list XRP it's not confirmed but
they have the custodian license which means they can support they can offer
custodial support for the top six cryptocurrency so it's Bitcoin Bitcoin
cash aetherium theorem classic like coin and X R P so that for the fact that X R
P was there was one of the reasons everyone's speculating maybe they're
going to get it added now more ETF hype grows as Van Vanek CBOE and solid X
speak with the SEC still a lot of people are speculating this is going to happen
in q1 of 2019 which honestly at this point is not far away so again another
potential catalyst to either enter us in the bull run or to push us higher in
that boat and obviously there's a lot of stuff coming on and I don't think one
thing is going to bring us back the all-time high but it's the continuous
building and building and more and or adoption that I think is going to get
us there also Chinese Court validates Bitcoin transactions and handling
allowed or holding a lot I guess they spelled it holding here and then some
smaller news we have coinbase list aetherium based circle the US DC
SDC seems like it's gonna be pretty centralized but I see confirmed backs
futures of Bitcoin futures launch date that's some good news
tether torches 500 million USD T I guess we don't know if that's good or bad
depends on what you think it's Heather and the Singapore government back vertex
Adventures discloses finance investment so it's a lot of news that went on and
like I said a majority of it was bullish which means if we are to have any form
of price action you know coming in the future if we take a look at a year's
time and I'm talking guys talking this is a year technically in an investment
is the short term but we're gonna take a look at it in the long term because
that's how a lot of people seem to think with cryptocurrency so in a year's time
however you want to call that longer short term all this news add it together
you know fact we have the ETF all that stuff building on shows that there's a
higher chance that a year from now we're gonna be up then there is you know then
there is a chance that a year from now we are going to be down now day to day
you know maybe even week to week harder to tell there's a lot of stuff that
still goes on in the market and a lot of the times people think we might be
entering a bull run we do the exact opposite but a year from now when all of
these things come into play the chances are a lot higher that we are gonna be up
than we are going to be down now the three common mistakes new traders make
this was actually fun to see because they covered this article covered pretty
much everything that I try and tell people who are new to it now I know not
everyone is a trader and although I think trading is a great thing to do if
you have time obviously if you have time to do your own technical analysis it is
a great form of passive income to do because with cryptocurrency really can
make a lot of money very very fast and for those of you who don't have time
obviously I started the trailor group specifically for that because I wanted
to help everyone have the ability to make money trading not just those who
have the actual time to do it I want to do my best to make sure was open for
everyone but in terms of the risk if you are looking to start this year going to
embark on this journey on your own keep in mind a few things and this doesn't
even just apply to traders I believe this implies to most overall
cryptocurrency holders the one is reduce market exposure and risk
by purchasing a variety of assets at different price levels what does that
mean diversify your investment and dollar-cost average that is not just for
traders that is for every single cryptocurrency investor every single
investor in general you never purchase only one asset you never purchase one
thing and you never purchase it at one time that's just the recipe to keep
yourself safe and to reduce your risk obviously a mic work it might work out
sometimes but a majority of the time it doesn't it's not worth playing that risk
next off is to have a complete clear strategy and get out of the habit of
Harling now I don't agree with this one obviously it's going to depend if you're
a day trader or not but I think the way I look at this is separate the to have
your trading amount which is something you're comfortable with start small you
can increase that later and then also on the other side have you're holding have
the ones that you are accumulating use the trading to accumulate more of what
you want to be holding and to me that's the best recipe that's the recipe I've
used that's a strategy I've used to continuously grow my portfolio and then
last one is consolidation period are sketchy at best with no clear entry or
exit signals so it's best to wait these periods out and that's what we are doing
right now a lot of people are very impatient and are putting in trades just
to try to you know get something however we've had so much trading opportunities
moving on until now that even if we have a month with no good entry point in the
long run that means nothing one month with if we're gonna be consolidating and
there aren't really any good trades doesn't matter because the moment we get
some of the trades like this someone we get some price action like this you will
easily make back your money that you waited on that month it's better doing
that than risking losing because guys trust me oh this is well I've seen a lot
of people a lot of people on YouTube come out and be like oh I predicted this
dumps like yes maybe you predicted you know this one little spike in the
console in the consolidation period maybe you did predict this one but you
also longed this one right it's sort of it's very
difficult to trade consolidation period a lot of the people who post their wins
this time probably lost the last time and those just aren't the ones they're
showing so keep that in mind now in terms of cryptocurrency replacing feel
and this is something I think a lot of people underestimate a lot of people
were born into fiat currency they're born when fiat currency was around and
so they don't realize how new it is and just the fact that it's probably not
going to be around forever it's not going to be around forever and the
possibility of it being replaced is pretty high and the process and the
possibility now of crypto replacing it in my opinion is even higher now hear me
I'm going to give you guys the exact reason for this first of all the reasons
for the u.s. dollar not being success the reason for it crashing people are
expecting is the debt so the u.s. pays half a trillion dollars in interest per
year to services to service its debt its debt increases by a trillion dollars
every single year it's a death spiral and it cannot be undone this is from
kim.com who is a german Finnish internet
entrepreneur self-destruction and USD collapses a collapse are unavoidable he
says to get out and to buy gold and crypto now this is why I think crypto is
going to replace fear personally we've entered the age where everything is done
online right we have e-commerce and that is rapidly replacing stores you know at
Amazon rapidly replaced stores you can now order your groceries online you can
buy a car online you buy tesla online you can buy every single thing you can
imagine you can probably buy it online and if
you can't yet then chances are you will be able to in the next one to three
years right it's just the direction everything is heading in a lot of
companies are closing down because they didn't take that target for example
close a lot of stores Toys R Us going bankrupt because they didn't adopt
ecommerce a huge company that works just like countries and I've been saying if
countries don't adopt cryptocurrency in the blockchain they're going to they're
going to fall behind that's type of stuff that happen with
Toys R Us it was a huge company a huge success all of a sudden made one bad
move ignored ecommerce and bam this is where we
right now they're going bankrupt now I think obviously we are looking to use
cryptocurrency for you know for micro transactions using it to purchase things
in a store however I don't think that's where it's going to thrive I think where
cryptocurrency is going to thrive is in e-commerce is in the online space
because then that means Amazon doesn't have to accept you know you don't have
to have Amazon com Amazon dot all Amazon duck oh no you can whatever
it is you don't have to have all those using different currencies somebody
everybody could be using one currency it could be using the world currency
whatever it is that that whatever that is at the time maybe it turns out to be
Amazon coin I don't know what it is I don't know wanted to kill what's going
to be I don't have a crystal ball then again we might obviously have several
crypto currencies down in the future as well but my point is since
cryptocurrency is the digital currency and we are in the digital age and the
fact that everything is moving online and I think cryptocurrency thrives when
it is used on I think it's super super easy when it's used online and that's
why I believe it stands a good chance to replace via again via is not going to be
around forever simply because it hasn't been around forever before right
everyone knows that it's going to come to an end eventually looking like we
might be getting closer and closer I'm not saying one to two years from now I'm
speaking further down the line than that but it looks like it could definitely
start struggling due to the issues that come with having the fiat right the dead
that's going on the inflation is going on all that is stuff people are starting
to realize in the UK the US economy being the you know being the world's
most powerful economy it has impact on every everywhere as well so has
significant impact on Asia and Europe so when US stocks are suffering and the
sentiment is shifting a lot of people are expecting to see other countries
other other countries or other regions seeing those stocks suffer as well so
we're gonna have to wait and see obviously the US stocks have had a
little bit of a turn and they've wiped out a lot of the gains that have been
going on previously now another here is encryption plus crypto equals
freedom so another thing that I that makes sense to me is that everyone
always talks about freedom and what does everyone want everyone wants freedom
it's a financial freedom whatever it is it's freedom and part of freedom I
believe is having control of your money not just you being able to know not only
you making enough money but you also having control of your money that to me
falls under freedom as well that falls under financial freedom right I want to
make enough money to where I'm comfortable I don't have to worry about
money I can do all the stuff I want in the world but that's exactly I want to
be able to do all the stuff I want I want to be able to do whatever I want
with my money I believe fighting for freedom is going to make a turn for you
know in scope cryptocurrency is going to be a part of that so let me know your
guys thoughts are just a little bit of my predictions in terms of what's going
to happen in the future I think as more and more things continue to shift online
cryptocurrency is going to find its perfect use find its home being the
digital currency that it is being used digitally and again I think we're gonna
get a ton of adoption with using it for micro transactions in stores in
supermarkets for example but even supermarkets are shifting to become
online now so eventually it looks like we're going to have a world where a
majority of things are online and that's where I think cryptocurrency is going to
be used the most and that's where I think it's going to thrive and that's
why I think it could genuinely replace all it could replace the fiat currencies
it could replace the US dollar it's possible is it you know too early to
tell 100% what the possibility is there guys
people made fun of people thought the internet was gonna be a bubble people
thought the internet was going to be a fad looks like it's gonna stay and if
you still believe it's a fad then maybe just maybe you might not want to invest
in crypto currencies either but if you believe in the internet and you think
that's the way things are going and you agree with my logic let me know what you
guys think of my logic down below let me know if that makes sense to you guys or
if I just rambled on about absolutely nothing let me know your thoughts in the
comments down below now if we look at the overall market 209 billion dollars
in mark cap with the 53.7% bitcoin dominance meaning nothing is
but in the market we are still trading sideways the prices around a few dollars
higher than it was yesterday we're up 0.16 percent biggest gainer denta coin
of Denton was actually down a lot yesterday so it looks like it formed a
little there's a little bit of a Bart you know up 15 percent went down had a
little bit of a Bart and come back up then Reve an auger data coin polymath
and of veritasium or some of the biggest gainers in the last 24 hours not too
long ago status is up 3% as well look at that huge pump it's having their against
only 3% though but it looks like a huge pump in the market spin sideways for so
long and in terms of the biggest loser Stratus is down wax is down Hollow is
down and a lot of other cryptocurrencies are down as well we're roughly at 50/50
in terms of overall in terms of red and green we're roughly 50/50 so again
markets trading side with even when we have a little more red it's just such
small percentages that if you guys can tell we've been trading between the 207
and the 209 billion dollar market cap for a very long time no much longer than
I would like to admit now XRP has seen some good news and
talked a little bit about this yesterday but I found exact figures they've more
than doubled their sales so ripples XRP sales more than doubled to 163 million
dollars in q3 showing the institutional interest involved showing the interest
that XRP is having overall this is a very very good sign 163 million dollars
we talked about coinbase they are laying people off because demand is date is
decreasing XRP sales have more than doubled so very good thing to see for
ripple right there now before this video goes on too long because it probably
already has from my rambling I want to do the Bitcoin giveaway for you guys to
give back to the community I picked a video 56 unique comforters guys if you
want to enter a chance to win future the future Bitcoin giveaway when we have 56
comments maybe comment two or three times maybe that's gonna increase your
chance of winning who knows give it a try though so let's pick a random
winners see who wins Damian will or I probably I don't know if I
pronounced that correctly if I did then congratulations you want if I did it
then I'm sorry I didn't but congratulations you want anyways ideally
Celeste would be more honest but with money in front of them they soon crumble
such a pity I agree you were talking about you know
Floyd Mayweather indeed I think it was fly made the employed Mayweather and dj
khaled we're the ones we're talking about where they're getting sued for
promoting in high CEO and I said ideally these guys these guys would you know
maybe just talk about things they used things they're interested in things they
know about but when you put a large sum of money in front of anybody it's not
just celebrities right when you put a ton of money in front of anybody if it's
enough money like that it's like the saying goes I don't know the exact
saying is but it's like the saying goes you you you can buy you know if it's
enough money you'll buy someone's I don't know the coin it's you guys know
what I'm trying to say though right anyways Daymond you have won the Bitcoin
giveaway all you have to do to claim it is leave a comment down below letting me
know you're here to claim it and give me your Bitcoin wallet address guys if they
don't claim it within the next 24 hours I'm going to be picking a new winner
from this video so make sure you are smash that thumbs up button and leaving
comments down below so you can enter a chance to win and of course be
subscribed and have you know if notifications turned on so you can check
back in to see if you did win so you can go ahead and claim it but guys thank you
so much for watching I'll see you guys tomorrow for another video
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