what is going on guys Patrick here bringing you a brand new video today we
got another killer video for you guys full of information we're gonna be
talking a little bit about the Tron made a test net being launched and then we're
gonna move into the other topic which is a bigger topic of the video as you guys
have seen from the title we're gonna be talking about the Bitcoin bubble where I
see cryptocurrency headed cuz I see this question a lot I see a lot of people
losing faith in cryptocurrency and I'm gonna try and restore that right now in
this video with some actual evidence which is not something you see all the
time on YouTube we're actually gonna go through a lot of actual reasoning so
guys before we get started with this video I just want to say if you guys
want to enter a chance to win the giveaway for free Bitcoin all you guys
have to do is number one be subscribed to the channel and have your
notifications turned on number two if you have an Instagram go follow me on
Instagram it's at Patrick racino 11 I will leave a link down below only if you
have one if you don't that is fine number three leave a comment down below
with your Bitcoin wallet address and saying something related to the video
and guys I'm gonna add a fourth or for this video specifically because of the
amount of information I'm gonna put in here I want you guys to share this video
with everyone that everywhere I want you to share this video everywhere with
everyone that you know that likes cryptocurrency or maybe is a little
fearful or needs this video I'm gonna ask you guys right now share this with
them because hopefully we'll be able to restore a little bit more confidence in
people in the cryptocurrency markets with people so without further ado let's
get started on today's video first we're gonna cover the news real quick - great
news articles number one is cisco is developing confidential communications
via blat of blockchain in patent filing adoption number two major polish bank to
implement blockchain document storage system adoption so two key elements
again I'm Sam I'm going to cover this really quick I just want to show you
guys every single day more and more companies are using blockchain now again
blockchain is not necessarily the same as one particular cryptocurrency right
this is this is the technology behind everything and so this is that that's
doesn't mean they're using Bitcoin doesn't mean they're using
people and it doesn't mean they're using Tron right that is not what's going on
but the technology is here to stay and as I want to show you guys a little bit
later now it's about identifying which projects are worth investing in because
those are the ones that have the long term you know the long term vision and
where you're gonna make the long term wealth within so we're gonna cover that
again at the end of the video when we go over everything let's take a look at the
cryptocurrency markets though the market is at 268 billion dollars so we're up a
little bit you guys can see in the last 24 hours
we've had some decent movement um you know everything is in the green
except for Tron which I'm gonna cover just a bit but everything's in the green
majority of things are in the green and the reason for that is there was a huge
dip yesterday um the last week you can see everything is down so we're bound to
have a day where we would see some green and people would start putting more
money into cryptocurrency and that is happening right now now again these
prices are still extremely cheap you know neo at night fit not even 51
dollars that's insane at jobs like 49 I think
was the lowest I saw it might have gone lower Bitcoin at 7100 is cheap aetherium
just over 400 again it went below 400 the other day uh the other day yesterday
and now it's back up above that so that's good to see but still really
really cheap ripple also if you guys are fans of any of these projects like coin
at 120 this is the time to be buying into them because there's so much
they're so cheap right now stellar might be of sixteen percent but at 21 cents
Cardinals up 10 percent but if it's fifteen point five cents like these are
incredible prices so again Bitcoin dominance at 45 percent so Bitcoin still
holding pretty strong market recovered a little bit still so so so so so down
compared to what we've seen before and where we know a lot of these projects
can get to and that's why I was telling you guys you this is not the time to
panic and you know as the billionaire Warren Buffett says and I like to quote
more buck because he is pretty much the best investment of all time if you think
about how much he's accumulated and how many companies he's invested in so early
that have gone to where they've gotten like coca-cola right bank of America
like that he says you should be you should be
greedy when people are fearful and fearful when people are greedy and I'm
gonna back that up with a chart we're gonna look at later but keep that in
mind guys everyone is fearful now now is the time
to get greedy you know don't put in more than you can afford to lose obviously I
don't want you guys to put in more money more money than you can afford to lose
and I don't want you guys to invest in just what I say I want you guys to do
your own research because I'm not a financial adviser and this is not
financial advice right I want you guys to do your own research before you put
your money in anything but now would be that time to be greedy and now is the
time that me and a lot of the people that I've talked to are getting greedy a
lot of people who have been in the cryptocurrency space for some time now
is the time to get greedy and start picking up coins when everyone else is
fearful right so now covering Tron again just really quick you guys know the test
net was launched the live stream if that happened not too long ago posted on
Justin's son's Twitter of course the verified one and you guys can actually
check a lot of people don't actually know what Tron is which is a big problem
if you're invested in Tron and you don't know what Tron is I highly recommend you
go and research what they're trying to do go and Risa go and read their white
paper read everything about it but to help you out
Justin Sun posted everything you need to know about trying to sixty Seconds you
guys can go and check that out cuz I've seen a lot of people don't actually know
what they're investing in and that's a big issue but this again leads me to the
chart people are asking me why is Tron falling people are saying oh haha Tron
is a pump-and-dump again even though I didn't really pump
like 2x that's not necessarily what they go for in a pump and dump but still
nonetheless Tron is falling why is Tron falling now guys I mentioned this before
in previous videos and this is a trend that happens pretty much every time when
there's big news and we're leading up to the day days the big news happens the
day before is usually a moment of sell-off and why that happens I can't
tell you guys for sure it's just happened to Liske it's happened to vibe
it's happened to so many other crypto currencies and guys at this point you
don't want to battle against that if you're in this for the short term now I
know a lot of people are in this feeling long run if you're in this for the long
run you don't even care you're not as you're probably not asking me why is
Tron falling today if you're in this for the long run I'm
talking about those of you guys who are asking me why is Tron falling right now
the day before everything falls that's just happened so so many times will it
recover if everything goes to plan 2 according to their plan and everything
comes out the way it should the beta is good and everything it'll recover in the
long run if they manage to get more people on their platform you know the
hype keeps that keeps up and everything goes great
they'll be huge I get it but for now if you're a short-term trader everything
drops the day before that's why I sold some of my tron yesterday I talked to
some of you guys about this I sold some of my tron because I realized it was the
day before the test and was gonna launch and it was probably gonna fall so what I
do I sold some Shaun um I guess it wasn't
yesterday was the 29th I sold that a little bit when it started to dip a
little bit here and I started to notice the trend I saw some and I plan on
picking some more up once I think we've reached a solid bottom so that's kind of
the thing that I did that's my plan we'll try didn't sell all of it
obviously sold some of it to secure some profits from what I picked some up at
the very cheap prices but guys this happens every time so yeah at some point
we have to start seeing these patterns and start playing with these patterns
and start profiting off these patterns right so that's kind of the issue with
Tron again if you're long on Tron you're probably not the one asking me about
this you're conferring your investment you know what you're doing now let's get
on over to what's happening in the cryptocurrency Mart this is my most
exciting part of the video and this is why I asked so many of you guys to share
this video around asked all of you guys to share this video around and you know
make sure everyone who likes or even dislikes cryptocurrency
sees this video because we're gonna be going over what exactly what trends the
market off the markets following know that so right here is this is the basic
bubble trend right now you've heard a lot of people say bitcoins a bubble now
we can confirm Bitcoin was in a bubble now is that a bad thing no don't don't
hit the dislike button just cuz I said that I still think I'm going to talk to
you guys a little bit about it as we go in the video but there's still potential
in so much growth I just want to show you guys with where we were we were in
the bubble phase and what that means is basically here is this small
investors get in institutions kind of in here this is the public the public get
in and step three right in the third process is where the public in it so
what happens is and if you look at the Bitcoin chart you'll see pretty much
like we have the technical analysis chart that we were doing open right here
but you'll see something so ridiculously similar to this that is this ain't in
everything basically all the labels are pretty much there too so you know and
get some media attention enthusiasm greed delusion denial comes down to the
bull trap comes back up we see that happen over here you know comes back up
then fear everything despair which is probably where we're at right now and
then we return to mean and we continue trading from there on that is what
happens in a bubble and we can say at this moment Bitcoin was in a bubble and
that's simply because a lot of new investors who didn't really know what
they were doing and just wanted to make some quick cash those people got
involved and when they realized wait a second maybe I'm not gonna make 1
million dollars in one day by putting in ten dollars then they all decided to
sell they all start a panic everyone who didn't really know what they were
investing in start a panic and that's what led the price to
decrease now I know we had a great 2017 in cryptocurrency and I'm gonna say it
right here right now I think 2018 has potential to be so much bigger
right and I'm hoping again this is my opinion but I'm hoping it is so much
bigger in 2017 was and the reason I think this is possible is because I
think we're gonna have more educated investors we're gonna have bigger
investors we have more institutions more people with large amounts of money we
see them coming into the markets now slowly as steady people are starting to
say good things because they started to research it and I think that's going to
be something that plays huge not to mention I think bigger institutions are
going to use their power to again create other exchanges and stuff like that
which i think is not something to count out I mean all a lot of big companies a
lot of big people right now with a lot of money could end a lot of famine
popularity could already make a cryptocurrency exchange
and bring it to a certain credibility in credit credibility level just because
just on their name and the amount of money and influence that they have so
that's something that I think we're gonna see a lot of innovation and
cryptocurrency in 2018 - and I think these low prices are giving everyone the
opportunity of buying in now at these really really cheap prices and I don't
deny that there are people who are trying to bring the price down simply to
get in at a cheaper price so you know what since we don't have the influence
and bringing the price up or down all we can do is try and buy it when it's down
similarly to when they're buying it because they're gonna try and you know
hopefully they're trying to make a profit so if the price goes back up
later you know you've made a profit - so it's all about being greedy when people
are fearful and that's kind of again what we're talking about right here this
is the fear this is the despair this is where you want to be greedy because
things will recover and things will look better and now comparing this to the
internet bubble which is another huge bubble that happen if you guys don't
remember a blotter you guys probably do some of you might not but in the early
2000 this is before I invested I did research on this to learn about this I
was very young at the time I didn't invest in stocks I didn't know what the
tech bubble was back then but look at what happened so this is a tech bubble
according to Amazon's chart right huge increase and a huge dump after basically
it looks like one big pump and dump right this is the tech bubble this is
the tech bubble looking at Amazon and it went back down if you zoom out and you
look at everything Amazon's done since this is that
fraction that we were talking about this right here look at where Amazon is at
right now now obviously we're talking about Amazon one of if not the biggest
companies in the in the world today now yes I agree but I'm showing you guys
that a bubble does not mean the end of the world a bubble means we had a lot of
people who didn't know what they were doing trying to get some quick cash
coming in instantly realizing that's not gonna happen because markets go up and
down then it's gonna cause fear because fear is our weekends weekends are people
who don't know what they're investing in and aren't confident in their
investments that's all it was and the same thing happened back here
which means looking at data if the technology is here to stay and if you
get in the right projects that are here for the long term if you get in the
Amazon of crypto currencies now I know you guys are gonna say what's the Amazon
of crypto currencies nobody knows but that is why you do your research and you
invest in the projects that you think are the Amazon of cryptocurrency you
know the Amazon the Facebook the Google of cryptocurrency that's where you
invest in them and you know I can't tell you what it is because I'm just going
off of the ones I think it is right I could be completely wrong I don't have a
time machine but only time will tell at this moment that's why we continuously
do our research find cool projects invest in cool projects now here is the
Bitcoin monthly return since 2014 chart and you guys can see where we're at
right now 2018 we've had the worst March that we've ever had and this year has
been you know has been pretty rough if you look at the chart wise and minus 25%
in January in 2014 we were up 8 2015 was the only year worse than that in January
we're minus 31 but again one thing that I think is since we got so many people
out all the week hands are out right over here think about this in 2014 2015
there were less weak hands in crypto currency and that is because people
weren't buying into it thinking it was a get-rich-quick scheme people were buying
into it believing in the technology and believing in the blockchain believing in
crypto currency that's where these people came in it was only a 20-17
where we had or maybe 20-some 2016 it was only recently where we've gone
people jumping in trying to make some quick cash and we had a lot of issues
with you know some lending platforms this and that and a lot of you know
things that caused the price to pump in the crypto currency markets people
thought that that's what it wasn't they were gonna make instant money overnight
and they were gonna retire and that was it they put their whole life savings
into something that you weren't meant to put your whole life savings into now
that leaves the opportunity for 2018 since we're having is such a rough
beginning that leaves an opportunity I think to us having an even better
continuing 2018 right now forgive my choice of words but like um you know
with like the rest of 2018 could be better because of the amount of
Correction we had right now because of the dip I think we can have an even
bigger rise in 2018 and that's honestly what I'm looking forward to so guys when
money starts coming back in now think about it's tax season right now it's ten
happened last year to you know April was the month we started to see things pick
up it's tax season now people might be you know selling cryptocurrency to pay
taxes in December they might be selling cryptocurrency to pay for gifts like
these are all things you have to keep in mind because it's stuff that actually
happens and a mass amount of people do this right which means it's going to
affect the price if this is happening now a lot of people don't like to
believe these things but I honestly think this is my again this is my
opinion but I honestly think you'd be a fool not to believe in this if you know
this is actually something that's happening and you we know a lot of
people are doing this if a lot of people are selling it to pay taxes that would
make sense for the price to drop so guys again I'm looking I'm still bullish on
2018 a lot of people start you know more and more I see people losing faith and
cryptocurrency that's why I'm trying to make positive videos for you guys
showing you guys that cryptocurrency is here to stay you know don't be worried
about it it's here for the long run so guys hopefully you guys enjoyed this
video if you did don't forget smash that like button and also subscribe to the
channel if you guys are new and share this video around with as many people as
you can so we can grow our awesome community and also to get them seeing
the potential in cryptocurrency and get them thinking you know not just
believing all the fun in the fear that they have right now let's give them the
other perspective the bullish perspective on things in 2018 so guys
hopefully enjoy this video I'll see you guys tomorrow for another video
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