BITCOIN SMART MONEY JUST DID THIS OVER THE LAST 10 DAYS. PAY ATTENTION.

Digital Asset News
28 Jul 202115:21

Summary

TLDRThe video discusses recent cryptocurrency trends, highlighting the significant accumulation of Bitcoin by 'whales' and the price surge of XRP following Ripple's partnership announcements. It also mentions Senator Elizabeth Warren's softened stance on cryptocurrencies, recognizing their potential to bank the unbanked. The host shares insights on market behavior, emphasizing the importance of long-term investment strategies and not being swayed by short-term market fluctuations or FUD (fear, uncertainty, and doubt).

Takeaways

  • 🐋 Whales have acquired 170,000 Bitcoins in the past six weeks, with a significant accumulation of 40,000 Bitcoins in just the last 10 days.
  • 🚀 XRP's price surged following Ripple's announcement of partnerships with SBI and Coins.ph, aiming to enhance remittance options using their on-demand liquidity (ODL) service.
  • 🌟 Senator Elizabeth Warren appears to have softened her stance on cryptocurrencies, acknowledging their potential to bank the unbanked and recognizing the failure of big banks to reach all consumers.
  • 📈 The overall cryptocurrency market cap is at $1.5 trillion, with a positive 2% increase, indicating a green day for the market.
  • 💡 Smart money or whales are known to buy dips and accumulate Bitcoin during significant price drops, showing a pattern of investment behavior.
  • 🔄 Bitcoin is seeing wild patterns of coins moving on and off exchanges, with almost a 30,000 Bitcoin flow observed recently.
  • 📊 XRP's price jump created a double bottom chart pattern, which could indicate a bullish trend for the cryptocurrency.
  • 🤔 The speaker emphasizes the importance of not being swayed by FUD (fear, uncertainty, and doubt) stories and focusing on long-term investment strategies.
  • 🔗 The Theta NFT drop is mentioned, offering benefits such as a private crypto portfolio consultation and a live Zoom session with the speaker.
  • 🚀 The speaker expresses optimism about the future of cryptocurrencies, predicting significant growth and development in the industry, particularly around Q4 2021 and Q1 2022.

Q & A

  • What is the main focus of the news discussed in the transcript?

    -The main focus of the news discussed in the transcript is the recent activities of 'whales' in the cryptocurrency market, the price movements and news related to XRP, Senator Warren's change in stance on cryptocurrency, and the upcoming Theta NFT drop.

  • How many Bitcoins have been accumulated by whales in the last ten days according to the transcript?

    -In the last ten days, whales have accumulated 40,000 Bitcoins.

  • What is the significance of the partnership between Ripple and SBI and Coins.ph mentioned in the transcript?

    -The partnership between Ripple and SBI (a major money transfer firm in Japan) and Coins.ph (a mobile payments firm in the Philippines) aims to enhance remittance options for Japanese-based Filipinos by utilizing Ripple's on-demand liquidity (ODL) feature, which can improve the efficiency and reduce the costs of international transactions.

  • What did Senator Warren initially express skepticism about, and how did her stance change?

    -Senator Warren initially expressed skepticism about cryptocurrencies like Bitcoin. However, she later softened her stance, acknowledging that digital currencies could potentially help bank the unbanked and that there has been a failure by big banks to reach consumers across the country.

  • What is the Theta NFT drop mentioned in the transcript, and what does it include?

    -The Theta NFT drop mentioned in the transcript is an event where individuals can purchase an NFT (non-fungible token) that comes with benefits such as a private crypto portfolio consultation, a live Zoom session with the speaker, a YouTube brand shout out, and a choice of merchandise like a v-neck or a special 'Chosen One' item.

  • What is the current market cap of the cryptocurrency market according to the transcript?

    -The current market cap of the cryptocurrency market, as mentioned in the transcript, is 1.5 trillion dollars.

  • What is the speaker's overall outlook on the future of cryptocurrency?

    -The speaker is optimistic about the future of cryptocurrency. He believes that there are many ongoing projects and developments that are doing good and contributing to the growth of the market. He also mentions that he doesn't see the cryptocurrency train stopping anytime soon and expects significant growth and 'fireworks' in the near future.

  • What did the speaker suggest about the price of Bitcoin and its comparison to the market cap of gold?

    -The speaker suggested that the current market cap of Bitcoin and the cryptocurrency market, which is at 1.5 trillion dollars, is significantly lower than the market cap of gold, which stands at 12 trillion dollars. He questioned the value of gold compared to cryptocurrency and expressed his belief that the cryptocurrency market cap will continue to grow, potentially reaching levels comparable to that of gold.

  • What is the speaker's advice for investors who may have been misled by negative news or FUD about cryptocurrencies?

    -The speaker advises investors not to be swayed by negative news or FUD (fear, uncertainty, and doubt) about cryptocurrencies. He suggests that investors should harden themselves, learn to identify and ignore such stories, and focus on long-term investment strategies rather than being influenced by short-term market fluctuations or regulatory discussions.

  • What is the significance of the 'smart money' or 'whales' in the cryptocurrency market?

    -The 'smart money' or 'whales' are significant in the cryptocurrency market because they are large investors who have the ability to influence market trends. Their actions, such as buying large amounts of Bitcoin during dips, can indicate market sentiment and potential future price movements. The speaker suggests that these investors are often buying during market dips, which can be a signal for smaller investors to follow suit or at least not be deterred by temporary market downturns.

Outlines

00:00

📈 Market Analysis and Whale Activity

This paragraph discusses the current state of the cryptocurrency market, highlighting the recent acquisition of 170,000 Bitcoin by 'whales' or large investors. It emphasizes the importance of observing smart money movements and the potential for market growth. The paragraph also mentions the positive news for XRP following a Ripple announcement and touches on the change in Senator Warren's stance on cryptocurrency, illustrating the dynamic nature of the industry.

05:01

🔄 Bitcoin Flows and XRP Developments

The focus of this paragraph is on the patterns of Bitcoin movement on and off exchanges, with a significant inflow and outflow of around 30,000 Bitcoins. It also discusses the price volatility of Bitcoin and how long-term strategies can be beneficial despite short-term fluctuations. Additionally, the paragraph highlights the surge in XRP's price due to partnerships with major firms and the potential for XRP to remain bullish in the market.

10:02

🤔 Regulatory Updates and Themed NFT Drop

This paragraph covers the shift in Senator Elizabeth Warren's perspective on cryptocurrencies, recognizing their potential to bank the unbanked. It also mentions the support from other political figures in the crypto industry. The paragraph concludes with information about the upcoming Theta NFT drop, including the benefits for those who purchase the NFT, such as a private crypto portfolio consultation and a shoutout on the creator's YouTube channel.

15:03

👋 Closing Thoughts and Final Remarks

In the final paragraph, the speaker shares their belief in the resilience and potential of the cryptocurrency market, dismissing the negative FUD (fear, uncertainty, and doubt) stories. They express optimism about the future growth of the market, comparing the current state to the 2017 boom and predicting significant developments in the near future. The paragraph ends with a call to like and subscribe for more content.

Mindmap

Keywords

💡Bitcoin

Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. In the video, it is mentioned that whales have been acquiring large amounts of Bitcoin, indicating a strong belief in its future value and the overall health of the cryptocurrency market.

💡XRP

XRP is a digital asset and a real-time gross settlement system (RTGS) created by Ripple Labs Inc. It is used as a vehicle for international money transfers and as a currency on the Ripple network. In the video, XRP's price surge is attributed to positive news from Ripple, its parent company, which has partnered with major financial firms to enhance remittance options.

💡Cryptocurrency Market Cap

The cryptocurrency market cap refers to the total market capitalization of all cryptocurrencies combined. It is calculated by multiplying the total supply of a cryptocurrency by its current price. In the video, a market cap of 1.5 trillion dollars is mentioned, indicating the overall size and value of the cryptocurrency market at that time.

💡Whales

In the context of cryptocurrencies, 'whales' are individuals or entities that hold a large amount of a particular cryptocurrency. They are called 'whales' because, similar to whales in the ocean, they have the power to significantly influence the market with their large transactions.

💡Dollar-Cost Averaging

Dollar-cost averaging (DCA) is an investment strategy used to reduce the impact of volatility on large purchases of financial assets like cryptocurrencies. It involves buying a fixed dollar amount of a particular investment on a regular schedule, regardless of the asset's price. Over time, this strategy can lower the average cost per share of the investment.

💡Exit Strategy

An exit strategy in investing refers to a plan that specifies the conditions under which an investor will sell their investment to realize a gain or limit a loss. It is a crucial part of risk management, helping investors to know when to get out of a position to protect profits or minimize damage from market downturns.

💡Sentiment Analysis

Sentiment analysis refers to the process of determining the emotional tone behind a series of text, data, or events. In the context of cryptocurrencies, it often involves analyzing social media, news, and market data to gauge the overall mood of investors and traders towards a particular cryptocurrency or the market as a whole.

💡Ripple

Ripple is both the name of a company that focuses on enabling secure, instant, and nearly free global financial transactions, and the name of a real-time gross settlement system (RTGS) and a digital currency (XRP) that the company developed. Ripple aims to facilitate fast and low-cost cross-border money transfers.

💡On-Demand Liquidity (ODL)

On-Demand Liquidity (ODL) is a feature provided by Ripple's payment protocol that allows financial institutions to instantly settle cross-border payments without the need to pre-fund nostro accounts in foreign currencies. This service reduces the costs and complexities associated with traditional correspondent banking networks.

💡Technical Analysis (TA)

Technical analysis (TA) is a trading discipline used to evaluate investments and identify trading opportunities by analyzing historical price data and market trends. It involves the use of charts and various indicators to predict future price movements and to inform trading decisions.

💡NFT Drop

An NFT, or non-fungible token, is a unique digital asset that represents ownership of a specific item or piece of content, such as art, music, or collectibles. An 'NFT drop' refers to the release or launch of a new NFT or a collection of NFTs for purchase or acquisition.

💡Regulation

Regulation refers to the rules and guidelines set by governing bodies to control and manage various aspects of economic and social activity. In the context of the video, it pertains to the potential oversight and legal framework surrounding cryptocurrencies to ensure their proper functioning and to protect investors.

Highlights

Whales have acquired 170,000 Bitcoin in the past six weeks, with a significant accumulation in the last ten days.

XRP price surges after Ripple's announcement of partnerships with SBI and Coins.ph, aiming to enhance remittance options.

Senator Warren softens her stance on cryptocurrency, acknowledging its potential to bank the unbanked and addressing the need to examine the design of crypto for potential risks and benefits.

The market cap is at $1.5 trillion, with a 2% increase, indicating a positive movement in the market.

Bitcoin is performing well, almost reaching $40,000, with a 4% increase in the last 24 hours.

Ethereum may potentially hit $2500, showing a strong trend.

XRP experiences an 11-12% increase, benefitting its holders.

AMP's rumored partnership with Amazon did not materialize, but the coin still shows potential.

The use of Trinity Trade is recommended for those looking to trade, offering 90% assurance in its strategies.

Smart money is characterized by buying dips and accumulating Bitcoin after significant price drops.

Bitcoin sees wild patterns of coins moving on and off exchanges, with almost 30,000 Bitcoin inflow versus outflow.

The long game strategy in cryptocurrency usually yields positive results over time.

Technical analysis can provide indicators for market trends, but should not be the sole basis for investment decisions.

The Theta NFT drop offers exclusive benefits such as a private crypto portfolio consultation and a live Zoom session with the speaker.

Despite skepticism from some financial institutions and corporations, the cryptocurrency market continues to grow and attract significant investment.

The cryptocurrency market is expected to see significant growth and development in Q4 2021 and Q1 2022, with major projects and advancements on the horizon.

The comparison between the market cap of gold and cryptocurrency highlights the potential for further growth in the crypto market.

Transcripts

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welcome to the last that news take your

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top stories and crypto and bring them

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out of bite size pieces today just like

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the thumbnail suggests

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these are the things that smart money is

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doing and the question is

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are you doing the same things or did you

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fall victim to thinking that

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anything's really different so first up

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whales acquire a

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hundred and seventy thousand bitcoin in

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the past six weeks and actually what's

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more surprising is how much they've

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accumulated

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in the last ten days so we'll take a

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look at what's going on there

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on top of the fact that uh xrp climbs

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eighteen 18

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watch out after ripple announcement that

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is great news for the xrp army

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also we're going to do a quick follow-up

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as uh senator warren

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backtracks on cryptocurrency and says

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it's actually good so

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this is how democracy works you hear

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some information and

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actually change your mind and then we'll

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quickly just go over the

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theta drop but first up let's take a

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look on the market so today is a good

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day it's a green day

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uh 1.5 trillion dollar market cap we're

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up two percent i'd like to see those

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types of uh

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of moves in the positive direction but

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you know whatever it is

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if it goes down you can dollar cost

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average and accumulate if it goes up

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you can implement your exit strategy if

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you want to or just sit on your hands it

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doesn't really matter just watch the

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fireworks go about so

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here's what's going on as far as uh the

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coins themselves so bitcoin

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is uh doing pretty good almost at 40 wow

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almost a 40 000 39

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000 536 in the last uh 24 hours we're up

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four percent

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nice ethereum 2288 maybe you can hit the

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2500 who knows

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and uh tethers nobody cares finance two

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percent cardinal up two percent

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xrp watch out eleven percent twelve

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percent pretty good

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uh doge everything else is anything up

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fantastically

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wow eleven percent twelve 12 for tara

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good job for tear holders

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and amp 11 i know there was some kind of

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uh

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um rumor that amp was going to use with

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amazon that got that fell flat but we

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talked about that yesterday

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also if you're uh looking to trade some

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things not a great trader

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take a look at trinity trade the chain

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this is what uh

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we use every single day and with 90

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percent assurance not these one with

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none of tweets let's take a look at this

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one

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between negative 15 and 20 up red coin

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look at red coin

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cavio monacoin synthetics near protocol

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and sushi if you can get on your uh your

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trading fix

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all right that's what's going on the

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market let's take a look what is going

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on

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uh for today so this article

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about smart money it always never

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well it never surprises me um how the

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more things

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change the more they stay the same

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nothing really changes and everybody

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always tells me rob you understand this

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time is different

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this time is different the market's

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going to totally crash and go away i'm

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like

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okay i mean maybe i don't know and uh i

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just keep saying the same thing

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and the same things keep happening smart

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money comes in there

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they buy these dips and massive amounts

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they you know they wait for a certain

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time they don't buy

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every single dip but in this one they've

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been buying uh pretty aggressively so

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uh if you were fooled into thinking that

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um

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you know this market was gonna go away

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and you had all those fun stories

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which is why i cover these fun stories

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to tell you about the fud

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and tell you why it doesn't matter these

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the things you have to watch out for

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to harden yourself as in as a long-term

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investor now look

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this is just investment opinion not

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investment advice but these are the

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things that i see

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so what is going on here so uh

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here we go wales acquire a hundred and

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seventy thousand bitcoins so according

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to a recent tweet by sentiment

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bitcoin wales or wallets holding between

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110

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000 bitcoins that's pretty good have

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been purchasing bitcoin since may and

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what happened in may

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well we had an all-time high and people

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sell off sold off

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and uh they just waited for these huge

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dips 50

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and now they're buying back up again not

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rocket science

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when the largest crypto began descending

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from his all-time high okay

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over the past five weeks they

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let's just say we'll just call them

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smart money or whales have accumulated

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another 130 000 bitcoin that was in

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five weeks 130 000 but in 10 days

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just in 10 days 40

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000 bitcoins have been accumulated

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here's a

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nice little chart right here which shows

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you what's going on rip

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to the moon alice and that is

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essentially the big news so

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i would just say this if you got fooled

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and you thought ah you know nothing's

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really going to happen and these these

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wells are going to go away and they're

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going to put into equities or something

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like that

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don't feel bad because it's just it's

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just one of those things where you have

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to get used to and sometimes you have to

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see it like three

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five 20 times before you're like okay i

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get it

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it's the same thing all the time and uh

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just harden yourself and you know find

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these types of

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uh of information and maybe at some

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point you can finally go you know what

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i think i see where it's going i don't

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care about these fun articles i don't

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care about the regulation i don't care

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about

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uh senators talking about whatever else

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or or this person saying that it's going

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to go to zero it's not

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just how it is and uh you can just start

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to you know make those moves

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appropriately

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and be a little more ready so that is

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that little piece right here and there

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was also a nice little snippet i wanted

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to bring

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to light this was from sentiment as well

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and it's very strange it talks about let

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me blow this up a little bit

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so it says here bitcoin is seeing wild

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patterns of coins moving on and off

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exchanges

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there was plus almost 30 000 bitcoin

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inflow versus outflow and what they're

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talking about

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is this image right here you can see it

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this green uh lines which pretty erratic

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these are of course uh the price of

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bitcoin and you can see it over here

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it goes from 29.5 all the way up to 65

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too

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so this green part here as you can see

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on the middle part you can't see my

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mouse unfortunately sorry

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but uh that at the very middle is when

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bitcoin hit roughly 65 000

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and you can see that uh of course there

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was a lot of

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volatility at that point and then as

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soon as it dropped people started to

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accumulate

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and they took it off of the exchanges

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and now

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going all the way the right hand side

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you can see a lot of people put on the

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exchanges

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early july and now they're massively

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taking it off

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but we can see that the actual bitcoin

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price is going up so who knows

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where that is going but in all honesty

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it really doesn't matter

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because if you just play the long game

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usually it works out for you

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again not investment advice is just what

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i'm doing so let me know what you think

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about that in the comments section

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let's move on to our next piece xrp

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watch out

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so i like i like positive stories about

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crypto i know some people hate xrp and

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some people love xrp

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it doesn't matter it's just a it's just

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an investment

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really not like it's uh you know gonna

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take anything over uh as far as like

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family or something like that but these

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are great stories

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so what is going on here so

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uh apart from general bullish trend

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xrp let me let me highlight this you can

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see it xrp

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price surged after the parent company

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ripple reached an understanding

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with the sbi which is the major money

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transfer firm in japan

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and coins.ph mobile payments firm in the

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philippines

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and this is good news but what the heck

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is going on so this partnership aims to

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enhance remittance options for japanese

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based

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filipinos through ripples on demand

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liquidity odl

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ripple uses its x rapid international

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payment system

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to provide odl to users wishing to

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perform financial transactions okay

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so that's pretty much the big stuff here

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and i'll get to that in a second to the

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double bottom

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but i just want to make sure everybody

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knows so like

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when you're transferring money uh

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between banks and the swift system

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all these banks they have to pre-fund

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all these other international banks

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with their currency so if i want to

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transfer money over to

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from america to mexico well that bank

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has to have dollars and pesos

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and then also if you want to transfer it

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over to to europe it is

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you know all the different uh currencies

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that are over there uh the euro

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and the dollar and whatever else you

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want to have and they all have to

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pre-fund which is

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quite kind of expensive on top of the

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fact that the transaction fees are

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pretty darn high that's where the banks

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make the much

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money so with xrp what they said is like

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look

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because of this distributed ledger there

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is a

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uh x rapid and

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x current so x current is kind of like

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it's pretty much the old way of doing

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things kind of like swift

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it's all about uh communications and uh

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really just just text

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going back and forth and it really

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doesn't do too much it helps out a

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little bit

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but the big thing here is x rapid so

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instead of having to pre-fund everything

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and really increase the cost x rapid is

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called on-demand liquidity

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because on the other side you just have

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the xrp ledger

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and you can just start to transfer funds

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around

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just to the ledger and you don't have to

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pre-fund anything and that's where the

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whole magic

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kind of comes into it so xrp versus

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actual ledger that is a big thing

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so to finish this up xrp jump creates a

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double bottom

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after xrp sharp rise falling

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announcement tattoo indicator showed a

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double bottom indicated xrp

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might remain bullish throughout the

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temporary

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trading session sessions so i'll just

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say this

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for technicals i don't know um

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that you can actually say that it's

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going to be bullish for a huge amount of

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time i mean these are all indicators

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there's one indicator that says it's

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bullish then the couple might say it's a

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little bit bare so

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don't put all your eggs in one basket

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technicals ta can

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take you a lot of pretty far places as

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far as like trying to get

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into a position and out of position but

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to just go yeah it's going to be bullish

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for

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you know uh quite a long time yeah sure

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goodness so anyhow that's what's going

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on with xrp

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so let's take a look what's going on

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with senator warren as she

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backtracks some information so i know

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people don't some people really hate

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elizabeth warren

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some people love her to death same thing

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but uh

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on this channel it's not political it's

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just these are the types of things that

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as far as putting information out there

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as far as regulation yesterday we talked

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about how

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uh senator warren was not a fan of

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cryptocurrency and then like 24 hours

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she like

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turns her you know does a total 180 not

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a total one any but

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she leaves the door open and here's

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what's going on a known

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skeptic of cryptocurrencies like bitcoin

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warren appeared to have softened her

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stance in the crypto industry in a cnbc

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squawk box

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she states that digital currencies could

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be an instrument to

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bank the unbanked and i gotta agree with

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her makes a lot of sense

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and we're doing great things over in el

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salvador so why not

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she states this there has been an

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enormous failure

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by the big banks to reach consumers all

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across the country

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digital currencies and central bank

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digital currencies may be an answer

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there

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uh i will applaud that that sounds good

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but she states the question we have to

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ask is to look at the design of crypto

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to see where it may be better

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but also see where it may inject its own

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risks into the system

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and uh look the same thing i mean

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two big champions of cryptocurrency

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uh is uh toomey uh senator toomey uh

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congressman sumi i think he is and

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senator loomis from wyoming

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so when they started talk about they

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said the exact same thing like hey

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this is going to really help a lot of

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people but we need to take a look at

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you know some of the pitfalls that have

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been addressed

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so i'm actually kind of blown away it

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actually took this less amount of time

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that's the whole thing of the democracy

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people come in with their ideas they

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kind of flesh it out

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they kind of work together and go okay

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well i see your point here

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let's work on this or i don't really see

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that there and this is why i don't see

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that point

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so as far as like movement hey if we can

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keep doing this

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maybe we'll get an etf approved by the

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sec who knows

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crazier things have happened anyhow let

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me know what you think about that in the

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comments section and lastly

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or next to last i guess just so you know

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that the theta drop

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or the theta nft drop is open in an

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hour and a half which is probably when

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i'll have this video up because i gotta

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edit so much

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i don't really edit that much and this

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is what we have

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so just like yesterday if you

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purchase the nft there's a private

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crypto portfolio consultation

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you get a live zoom session with me uh

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youtube brand shout out if you got like

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a business you want to buy something

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like that i'll talk about your business

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on my channel

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within reason there's some businesses i

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will not talk about so

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uh i reserved the right to to be like uh

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hey i'm

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gonna talk all right i can't talk about

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like if you're in gambling

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i can't talk about that on youtube i'm

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sorry uh we do enough gambling on uh

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as traders and then uh there's also the

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v-neck and also this one here is my

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favorite this is uh the chosen one

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and uh that is uh ten bucks and you can

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there's there's an infiniti

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there's a ton of them allowed but it's

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only available for 24 hours so

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that is it link in the description and

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that is the

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token drop and here are my final

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thoughts

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about what's going on which i got to

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tell you

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that first piece was really the big

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story to me and i hope it's

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hope helps you to realize that these

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things that the people talk about

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like guggenheim ceo uh scott menard

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and jp morgan talking about how they'll

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never let their

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um their people get into cryptocurrency

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and these different banks

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just you know say how awful crypto and

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they're not going to do anything or even

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amazon who comes out and says

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we're not doing anything with crypto yet

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they're hiring for a

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crypto professional so like all these

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different fud stories that you hear

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and you think it's not never going to

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come back because i mean we're just

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getting this lull and we're going to be

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in this

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crypto winner for three years i just i

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personally don't see it like that

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i see there's just too many rails that

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have been built over the last four years

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once

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i got in to what's going on it's just

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too much

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money to make this thing stop there's

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too many

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projects that are doing so too much good

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world mobile token being one of them and

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meld

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and uh i just think that there's

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for this train to get stopped anytime

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soon in its tracks

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it's not now we haven't hit that

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parabola crazy

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uh movement like we did in 2017 i mean

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look

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we went from bitcoin we just doubled our

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market cap that's not that's nothing

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nothing i mean 2.5 trillion dollars you

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know the market cap of gold is 12

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trillion what does that do

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so i mean i own gold and silver don't

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beat me up i just don't

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see how we can't just makes no sense to

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me

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how we can be at 1.5 trillion of golds

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at 12 trillion dollars and i'm like

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what does it really do you can wear on

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your wrist who cares and then uh

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you know it can be a store value i'm not

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going to get into it

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all i'm trying to say is i think that's

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on the horizon we're going to see some

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fireworks look at q4

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2021 or even q1 2022 and i just had an

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interview with uh

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one of the guys at avalanche for

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cryptocurrency

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big things are coming on the pipe in

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that time frame and it seems like

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everything's happening around that time

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so that's all i got

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look uh that is it for today so if you

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liked the video

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thumbs up subscribe i really appreciate

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you stopping by and watching the whole

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thing the very end

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that is it for today see you on the next

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one

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you

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Related Tags
CryptocurrencyMarket AnalysisBitcoinXRPRegulationInvestment StrategyWhale ActivityRipple PartnershipSenator WarrenNFT Drop