what's going on guys Patrick here bringing you a brand new video table
another killer video for you guys full of information I'm going to be talking
about yo s ripple and Bitcoin as well as lots of other news that went on in the
cryptocurrency space but guys before we get start with that if you want to enter
a chance to win some free Bitcoin all you guys have to do is number one be
subscribed to the channel and have your notifications turned on number two give
this video a thumbs up and number three leave a comment down below saying
something related to the video now guys if you haven't received your big point
yet from the previous giveaway that is because I'm in Barcelona right now so I
was traveling I will get that to you as soon as possible I did not forget also
those of you who are in Barcelona let me know you guys are here if there's enough
for you here maybe we should all do a meet-up but let's jump right into the
news first first piece of news is Australian airport makes history with
cryptocurrency acceptance so if you check this houses more adoption news is
something that I think is great we've seen cryptocurrency get adopted more and
more in e-commerce and in the online space for example Shopify doing a deal
with request network which is one of my long-term holding cryptocurrencies we we
can take a look at it in just a little bit but requests network that gave
access to over 4 million I think Shopify accounts if not more using or
accepting cryptocurrency as a form of payment and now airports are looking to
do the same and to bridge the gap between the online space but also the
physical store space because the physical store that's something that
cryptocurrency is having a bigger China is having more trouble getting into but
an airport be a good place to start simply because so many people travel eat
and now so many different types of people travel in and out this would be
big it's looking like it's going to accept - Bitcoin Bitcoin cash aetherium
nem and steam so some interesting options here so that we don't see very
often including an EM and steam to that I don't think I've seen work as an
actual currency yet so much for most most of time we talk about adoption we
hear about like coin and ripple but here we are hearing about a few differ
so that's pretty cool and the article goes on to talk about this being a
gateway for more cryptocurrency adoption which i 100% agree and - all it also
talks about - recognizes the need of increasing adoption in to a wider
audience again not just the online space but also the physical store space moving
on Google Bitcoin bad new policy on cryptocurrency is heavy-handed and
unethical what does this mean basically something I talked about before more
more people are catching on Google then the Facebook add cryptocurrency and ban
all is looking like an excuse for them to block out other cryptocurrency
advertisements at ICO while they research and look at building a platform
on their own it could be their own blockchain it could be just whatever it
is they want to take the time to research and figure out what their plan
of action is as a company obviously these guys are huge they cook 100% could
create their own blockchain they could do whatever they please but the they're
not sure what they want to do yet and since that's the case they are now
banning ads batting IC O's in order to try and kind of keep cryptocurrency down
until they're ready to launch whatever it is that they want to launch the never
I guarantee you they will have ads running absolutely everywhere on their
platform about their cryptocurrency or their blotching whatever it is that they
decide to do so I agree very unethical but it's also something that's hard for
us to control just keep that in mind we talked about this as soon as it happened
I said this is probably due to something bigger and it's looking like that is the
case anyways moving on to the cryptocurrency market we had actually a
nice little bit of a run yesterday when I upload at the top five all coins for
June video make sure you guys go check that out if you haven't done so already
but now what we have come a little down 333 billion dollar mark at Bitcoin
dominance back up to 38.1% obviously everything is in the red today a very
bad day for cryptocurrency except for by Nance coin which is actually doing
really well and I saw someone mentioned how maybe putting money and Finance coin
might even be smarter than doing putting money in tether that way if the market
goes and that way the coin can still go up and can
increase in value it's been shown to hold a pretty strong over the last few
weeks but if you look at everything else except for the exception of our chain
everything is in the red but guys this provides a great opportunity for you
guys to pick up any of your favorite all points which again if you guys are
interested in using Finance I'll leave a link in the description and in the
comments for you guys to go ahead sign up for by Nets and have and by all the
cryptocurrencies and build the best portfolio you guys can these are the
prices these are the days where we see red and we see prices just crash these
are the days that you want to look at picking up cryptocurrencies you don't
want to pick it up when everything is already up 500% because you missed out
on a huge opportunity there for some gains and the next thing you know it's
correcting you bought in at 500% starts to correct a little bit and you lose
faith in crypto cars is not what we want to see you guys that's what I'm here for
help you guys make the right decisions here again not a financial advisor
though this is not financial advice I'm just giving you guys my opinion but if
you look at the last 24 hours will be token is actually up 14% the biggest
mover out of the top 100 cryptocurrency so will be token similar to buy Nance
coin similar to every exchange having their own token I think they will do
fairly well especially if it is a good exchange in Kobe is actually performing
very well recently I started to like it more and more on the other hand Bitcoin
private down a lot it got pumped a lot recently so I'm not surprised that it is
down gas the what you get for holding neo is down again that's why I usually
choose to hold Neil want chains down 8% though Knowles is down over 8% guys
these two are great pick ups right now including Gollum is down 7.7 percent as
well I wasn't 100% be looking at picking some of these up and list down 7.5% why
it got added to another cryptocurrency exchange which pumped the price now we
are seeing a correction from that so no surprise that it is
as well let's move on and talk about the two cryptocurrencies you guys are
probably here to talk about our three crypto critics including Bitcoin that
you guys are probably here to talk about number one being a OS us set an eleven
point eight billion dollar market cat thirteen point twenty one dollars today
is down six point two percent still ranked number five though an overall
crypto currency market capsized but things a lot of bad news are coming out
for us and I think this is perfectly timed I think this is not a surprise
that when the main ik but when the maintenance and everything was
everything was going well iOS was hitting all-time highs somebody
decided that maybe it's time to kind of hold it down a little bit and obviously
the market being in the place it is right now wasn't gonna cause any
cryptocurrency to moon right now either we're still waiting to see the 100% full
recovery which we're gonna talk about when we get to Bitcoin in this video but
basically a one address over one percent of addresses have almost 85% of a OS
tokens and this happened since you know you guys had to bring cryptocurrency to
exchanges or to do or you can do it yourself but a majority of people did
choose to transfer iOS to exchanges in order to put it in order for the switch
for the snapshot and it turns out they found that a very small percent of
people are holding a large share of vos now is this surprising no because we see
the same thing happen with Bitcoin one or like I forget what about the exact
percentage is but a very small percent of people own a very large amount of
Bitcoin and we've seen this began we've seen more people take action on this for
example Silicon Valley actually started something where people could store their
Bitcoin in vaults spread across three different continents I think those
contents might have been countries either way that's crazy we see that
Ripple also as having this where the founders owned a large share of the
actual token now he OS isn't it isn't clear if it's the founders who exactly
it is but this is still worrying because this opens up a OS to being manipulated
now so as you guys you can see here however one of the and one of the
addresses is a OSS main company which is blocked on one currently holds a hundred
million per 100 million tokens which is 10% of the total tokens but then an
average of 380 million iOS token is held by 8 addresses while white wine glasses
keep opening while twenty point six million is owned by the smallest holder
among the ten of the ten addresses so the remaining eight addresses could
probably be the exchanges such as bid them who all will be ok X up it BitFenix
which record which are recorded as top traders for us and obviously if people
transferred it over a transfer there a oso for this snapshot as well that might
also be the case but this is worrying because this means that if that if this
is owned by an individual or whatever it may be
this means that cos can be manipulated and that the amount of AOS that everyone
else holds the the rest of the 14% of Eos held by everybody else is very hard
to see any form of move when it comes to that in the cryptocurrency it's gonna be
very hard to see that caused any significant shift no matter what happens
is these big these big addresses that will cause most of the problem if they
do decide to sell now the good thing about these big addresses is that
usually all number one if it's exchanges less concerning to see it's a thing
about an exchange dumping all their AOS so that's number one it's good number
two if somebody owns that much a OS they probably have a lot of faith in it so
it's a lot it's like even though they do have the possibility of manipulating the
market I also think we look at it on the other side I would not buy ten percent
of all EOS tokens which costs a lot of money guys let's take a look at this
let's just do the math it feels like two hundred thousand gos tokens each going
for just ten dollars guys that's a lot of money I'm not gonna be doing too much
math in this video but that's a lot of money and it's not easy to be picking up
this or 200 million tokens that's like 2 billion dollars if if they bought it at
10 that's a lot of money I wouldn't be investing that much money
if it wasn't something that I plan on holding for a long time because I had a
lot of faith in it so it on the other side there is the positive now let's
talk about ripple because ripples are a twenty five point seven billion dollar
market cap ranked number third sixty five and a half cents and the main thing
I want to talk about today is that ripple invested fifty million dollars
into seventeen universities to boost blockchain and crypto adoption these
universities are Princeton MIT University of Pennsylvania on School of
Business or the Wharton School of Business Indian Institute of Technology
Bombay and you guys can read the other ones here but there are 17 total spread
across the world cause somewhere in the US somewhere in Brazil even right here
my home country in Brazil and this is basically to spread crypto currency
adoption spread information spread blockchain adoption so for people to
understand in colleges understand what exactly it is so they don't have a
misconception of just crypto currencies a great is a get rich scheme or
cryptocurrency is a scam or whatever maybe especially since universities are
usually taught by older professors something to watch out for because they
have a lot of influence and me being someone who has gone to college classes
I have seen what the influence that professor can have and what their lack
of edges their lack of education on the newest technologies can mean for
everyone that they teach because if they don't believe in something
they're then not going to help you understand it simply because they don't
understand it so a very big issue we have in the world today and I'm glad to
see ripple tackling this again guys ripple is gaining more and more of my
trust every single day even though I don't like the fact that's not fully
decentralized as a short term play they know what they're doing and they're
actually investing in blockchain education which is something I think is
huge and more cryptocurrencies should look at doing but lastly guys before we
end the video a little bit of Bitcoin technical analysis so it's looking like
Bitcoin is moving towards is one once attest the 11,000 plus resistance
the $11,700 resistance to be exact if you guys look at some of the technical
analysis performed here basically what the article goes over is there is this
white resistance line right here which Bitcoin managed to break all the way
back here before it went on to test the $10,000 again though it has correct back
down since then we've actually seen a triple bottom which is usually a very
bullish set a bullish sign club if you look at it in the smaller scale we are
now seeing Bitcoin trade in between these two wedges moving upward so
hopefully we do see a breakout above that that would be the first step in
order for us to move into the $11,700 mark but yeah again here we can see more
of the wedge trading over there so hopefully we do see Bitcoin if we zoom
out this is basically the main picture I'm looking at hopefully we do see
Bitcoin go ahead and test us eleven thousand seven hundred dollars which is
the Purple Line you guys can see right here the yellow line has been a very
strong support bouncing three times already so I do think it will be very
hard for us to break below that and it would be very bad if we do break below
that given that the RSI is still fairly low I think this is a good time to get
into crypto currency and if it does go down guys we dollar cost average that's
what we're all about in this channel is building bags for long term wealth but
guys if you enjoyed this video don't forget give the video a thumbs up and
leave a comment down below letting me know what you think of the EOS situation
of the ripple situation and also of Bitcoin where do you see the Bitcoin
price headed because that's what that's going to determine where the market is
headed and we are hoping for a very good June but guys thank you so much for
watching I will see you guys tomorrow for another video
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