what's going on guys Patrick here bringing you a brand new videotape we
got another killer video for you guys full of information today we're gonna be
talking about a thirty two million dollar lawsuit and we're also gonna be
looking at the potential of ripple to go to a dollar and seventy five cent we're
looking at all that as well as tons of other news that went on in the
cryptocurrency space but guys before we can start with that if you want to enter
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some video because we got a lot of news to talk about first let's get through
some of the bad news so a US the US rapper Ti he's a rapper in the u.s.
obviously it's being sued for 5 million dollars after his token allegedly failed
so apparently we've seen this happen already with a lot of us celebrities
where they've endorsed a token or they've you know been involved with a
token and either it was a scam it didn't work out people start getting upset and
this is where this is what happens we start we end up with these big names
getting a lawsuit Ti is a big name we have Floyd Mayweather is a huge name and
AJ Khaled which is also a very very big name all of these people getting
involved with something they're not really sure about and then here we go
this is what happens so bad news hopefully people learn from this and
they stay away from things they don't really understand we talked about this
more in a previous video now another piece of news that came out
so cryptocurrency is fake money this is according to B is general man manager
Carstens so he says it must be true right no but the interesting part here
that baffles me is money you know money what we use to exchange goods really it
just depends on you right it depends on you and it depends on me whatever we
accept in exchange for something else can therefore be used as money right we
aware every time we think about money we think of the paper thing that the
government prints out and inflates all the time they constantly print out to
save themselves when they're saved banks when they needed it in oh wait we that
that's what people consider money but previously you would exchange gold for
what you wanted right for what you like that's the exchange that went on so you
know what if people accept cryptocurrency in exchange for goods and
services then guess what that's it's it's it's money you can use it as money
so I don't understand the logic of fake money when if people accept it it's I
mean it's not fake at that point it's has a value somebody accepts it they in
return they get you know it just makes sense that's just how things work
hopefully that made a little bit of sense I think it's crazy how people come
out and try and say this stuff but hey you can't really blame these people one
they don't know what they're talking about two people are scared of change
all right every time I see something like this I picture a guy who gets home
you know hides under the sheets in his closet and he's just scared of what's
going on people don't like change and that's what we're seeing right now and
now of course this is also heavily him it ties in heavily with the fact that
he's involved with a bank and that of course banks are scared of this and the
only money that banks can see is the one that they can control and they could
take advantage of so if it's not that then to him it's fake but yeah and we're
gonna see a lot of articles like this we're still gonna see a lot of clothes
like this with all the adoption and the you know
the forward-moving we've had it's incredible to me how some people are
just kind of dumped right it's the simple way I could talk about enough
this is neither good nor bad now this is from the Winklevoss twins they are suing
Charlie Shrem now I guess I've said it's not good nor bad yes it depends on if
you like Charlie Shrem or not personally just doesn't have much
to do with my life but they're suing him for at least 5,000 Bitcoin the reason
being obviously he went to jail if you guys don't remember Charlie Shrem if you
watch the documentary on Netflix he went to jail being one of the first you know
entrepreneurs involved with cryptocurrency went to jail in New York
I believe and so he got out and now he owns two power boats I believe it was
two Maseratis you know a multi-million dollar house and everyone's kind of
wondering what happened so either he got really lucky or what seems like is
possible what the Winklevoss twins believe that he stole Bitcoin from them
back in 2012 so he stole five thousand Bitcoin is what they're obviously saying
he stole five thousand Bickman today that's worth over 32 million dollars at
the prices right now so if we get back to all-time high
that could be worth almost a hundred million dollars so definitely that that
would explain the boats the cars I'm surprised he got to Maseratis and not to
Lambos for example with a with the money since he could obviously afford it if he
did have the five thousand Bitcoin but I guess to each their own everyone likes
different cars but personally I would pick up mother Lamborghini over a
Maserati any day of the week now we're gonna have to wait and see how this does
play out because shrimp had assisted the twins to invest in cryptocurrency back
in 2012 the brothers claimed to have given him three quarters of a million
dollars 750,000 dollars to purchase Bitcoin on their behalf
trem didn't fulfill his part of the deal he made with the twin so that's where
they're saying that he stole Bitcoin from them and now they're trying to come
and get it back obviously these two are billionaires they've been involved in
the space for a very long time and put a lot of money back when Bitcoin was worth
very little they really really invested in this and they held it on through the
whole time and are still holding to this day so if you guys want to learn you
know take advice from people who became billionaires investing in this look at
what they did that invested early and they held onto it through all the cycles
that happen before they held on to it and they are still holding on to it now
that's the strategy that they use to become billionaires so clearly it must
have worked while we're seeing everyone else who bought at 20k and sold at 6k
they are not billionaires so if we're gonna have to pick you know one strategy
I'm gonna go with the Winklevoss twins strategy now there's been a ton of
developments actually going on a ton of news for a lot of all coins we're gonna
run through and cover some of them here some of this channels favorite some of
my favorite and some of your guys's favorite crypto currencies as well as
some of our least favorites but either way the chain Thor it partnered with
Chinese gas companies to establish blockchain based natural gas solution
now fun fact the word blockchain on Google Trends has just passed the word
crypto I believe which hasn't happened in around a year over a year so
blockchain is now more searched than credible they're both down obviously
from the all-time high they're both down significantly but still blockchain has
passed Bitcoin we're seeing a lot of blockchain adoption happen and obviously
a ton of crypto adoption as well but still it's really cool to see blockchain
actually get adopted in the meantime as well and like I said they're a V chain
Thor is partnering with Chinese gas companies they're going to establish
blockchain base natural gas solution again a great partnership for beaching
putting things into action another reason why feed chain is one of my
favorites and I know a lot of you guys really do like V chain as well now
Bitcoin cash one of our least favorite but I'm going to announce anyways in
case some of you guys do like Bitcoin cash you can call me a Bitcoin cash
hater that would be that'd be pretty accurate so Finance is going to support
the upcoming Bitcoin cash hard fork now this is actually more news about Bitcoin
cash which we're gonna cover in just a little bit but if we look at the overall
market guys at two hundred and six billion dollar market cap with a 53.3%
Bitcoin dominance we look at the biggest winners rave and coin again killing
up 20% Bitcoin cash up 7.6 after the news of finance is supporting it's hard
for and there was other news which like I said we're gonna cover in a bit I
don't want to talk about just a bit as well neo another good one basic
attention token another fantastic undervalued all coin right here that I
am picking up more and more of as much as I can it's going through it looks
like more than 50% of cryptocurrencies are in the green meaning this is an
overall Green Day at least for the top 100 crypto currencies but then we have
the biggest losers denta coin slowly leaving the top 100 maybe is it gonna
state is it not gonna stay we're gonna have to wait and see honestly I'm not
invested in it so I don't really care much it's down 15% we see veritasium is
down 3.5 horizons down 3.37 but overall it looks like maybe a 60/40 split 65 35
split with a majority of crypto currencies being in the green now the
interesting part is Bitcoin is down in the meantime so bitcoins down while
other crypto currencies are in the green pretty interesting how that works
usually not the relation that we see happen usually if Bitcoin goes up all
coins are up and the big point is down all points are down so interesting to
see Bitcoin down and all coins being up now XRP I told you guys in the title the
video XRP might go to $1.00 in 75 and I know a lot of people are expecting it to
go a lot higher but obviously that is going to depend on the timeframe you are
looking at but apparently XRP intrinsic value is set at one dollar and seventy
five cents or a two hundred eighty nine percent upside potential by a recent
research yeah really cool to see a a research was conducted obviously and
they came up with the idea that ripples intrinsic value at the moment or at XRP
intrinsic value at the moment in a dollar and seventy five meaning it does
have a significant but it has significant way to go until we reach
that obviously it's at 46 cents right now so just going up that is around a
289 percent gain which is phenomenal obviously like I said I know a lot of
people still want to see XRP hit that $5 hit that $10 and some people are even
saying hit that $100 now I think $5 is very
well I think $10 is very possible $100 we're gonna have to wait see how
everything plays out in a larger timeframe again very very possible so in
the short run I think we're gonna hit $1 75 relatively soon as soon as we answer
the bull more of the bull run that should be no problem at all a very good
cryptocurrency again guys that I've been picking up more and more of simply for
the fact that I know Ripple it's one of those either you love them or you hate
them but I do think the value of the investment here the risk reward on the
investment makes sense it's a calculated risk one that I think is gonna pay off
very well and overall seems like a solid investment now I Yoda also is up today
up three point five seven one of the reasons maybe is that it's gonna be on
the ledger Hardware wallet so they have announced finally that the ledger
nan-oh s now supports iota toget so some good news for Yoda over there now back
to Bitcoin cash I know it's not my favorite cryptocurrency to talk about
but since I do cover everything that's going on the cryptocurrency space or at
least what I find to be the most important things going on in the crypto
space I need to talk about it well they had a stress test and it saw seven
hundred thousand transactions in one day so on Thursday November 1st a group of
pig coin cash proponents who call themselves the professional to stress
test team keyword they call themselves no one actually apparently apparently
nobody calls them that's just they called themselves that they perform a
network stress test on the BCH chain during the course of the day the BCH
network saw over seven hundred and thirty three thousand transactions and a
14 M B block that cleared 73,000 transactions in one fell swoop so there
we go a stress test update for Bitcoin cash we've seen a lot of other
cryptocurrencies do the stress test as well but here's a little bit more funny
this is something a little bit more entertaining well apparently on the 15th
of November ledger is going to suspend Bitcoin cash support so November 15th is
quickly approaching and the Bitcoin cash community has yet to come to a consensus
census as to what upgrade shall be implemented uniformly across the network
the lack of consensus a consensus I can't speak today and open differences
between the two camps supporting different update of disappointing
different upgrades it's self-evident and the only solution for this is a hard
Forks so ledger is going to suspend support until after the hard fork
happens we're gonna have to again wait and see how this plays out but I thought
it was pretty funny since so much good news apparently was coming out well I
guess the hard fork take as you well if it's good or bad news and then again the
stress test take it as you will if it's good or bad news but now we get this
that they're going to suspend support of Bitcoin cash because they can't come up
oh the two camps can't come up to a decision on what the upgrade is going to
be but guys that's gonna be it for this video hopefully you guys did enjoy if
you did don't forget to leave a thumbs up and leave a comment down below in
order to enter a chance to win some free Bitcoin and of course be subscribed and
have your 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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