what is going on guys Patrick here bringing you a brand new video today we
have another cryptocurrency market update for you guys it's the 28th of
February last day of February things are looking pretty good and we have got some
pretty cool news articles for you guys I think you are going to enjoy before we
get started though two things I want to talk about first I want to be in New
York City in in Manhattan for the whole of next week so if any of you guys are
near or around that area and you guys think you'd want to come maybe do a
meet-up talk some cryptocurrency meet a cafe or coffee shop whatever it may be
let me know in the comments down below or send me an email or join the Facebook
group would be the easiest thing I'll leave it in the comments join the
Facebook group and yeah we can start getting that organized we have a few
people interested I know and I would love it if we could get a decent turnout
second thing I don't know if any of you guys any of my 11300 subscribers I 313
you guys are absolutely killing it thank you all of you guys who subscribed by
the way I don't know if any of you guys do video editing but I am looking to get
an intro for my youtube channel I know a lot of people have been saying you need
a cool intro with a cool song I know I just I'm terrible I'm doing it myself
so if any of you guys have some expertise when it comes to that again
leave the comment down below or send me an email or join the Facebook groups
that you just way to get in touch with me or even Instagram whatever it may be
get in touch with me we can work something out now guys let's jump right
into this thing if you haven't subscribed already make sure to smash
the subscribe button hit the bell icon next week to get notified every time you
release a new video that's enough of me rambling I'm sorry for those of you who
had to stick through that but for those of you who stuck through we got some
cool cool stuff for you in today's video so first of all JP JP Morgan sees crypto
as competition and risk to its business and SEC annual report they should they
should write this book but it does look pretty cool the picture here is pretty
funny if you guys remember before we heard a lot of things about you know
them saying Bitcoin wasn't good all bitcoins bad bitcoins of scammed
bitcoins these bitcoins that then we saw that they were investing in and now we
are seeing according to the US Securities and Exchange
mission that they put it under um JPMorgan Hey they added a segment on
crypto curse currencies to the risk factor section of their 2017 annual
report so guys I mean I'm not surprised it is definitely something that is here
to stay so the beginning of February you see they even referred to crypto
currencies crazies as an innovation and they're unlikely to disappear which we
all agree on if you're on this channel you probably agree with that however
before here it is Jamie Dimon called big Bitcoin a fraud
and threatened threatened to fire any employee that traded BTC on company
accounts so if that doesn't scream terrified to you I don't know what does
we also have a lot of speculation that maybe that was try he was trying to
manipulate the market because that did cause the price of Bitcoin to dip in
order for them to pick up some more however that was pretty cool news now
the second thing is the self-proclaimed Satoshi Nakamoto a Craig Wright was sued
for five billion dollars just a quick run-through of what happened basically
someone claims that he stole hundreds of thousands of bitcoins which now valued
at roughly five billion dollars of from David climene's estate pretty
interesting that's a lot of money Jesus five billion dollars worth of
Bitcoin that's absolutely insane so he was the self for clean Satoshi Nakamoto
I don't know if you guys watched the documentary but yeah he self proclaimed
that he was no one really believes him I don't think anyone thinks he's the real
Satoshi Nakamoto I don't I don't believe it
uh and third last article Bill Gates crypto currencies cause debts in The
Fairly in a fairly direct way he did this in his reddit ask me anything so
just kind of reading the quote the main feature cryptocurrency is there an enum
and huh now you're gonna trying to read that word tongue-twister right there I
don't know why I can't speak sometimes when I make videos anonymity there we go
that's right word I don't think this is a good thing the gun
ability to find money laundering and tax evasion and terrorist funding is a good
thing right now cryptocurrencies are used for buying fentanyl and other drugs
so it is a rare technology that has caused deaths in a fairly direct way
I think the speculative wave around ICS and crypto currencies is super risky for
those who go long it's interesting Oh bill key it seems to be changing his
mind a decent amount because I also heard him talk before in an interview
where he said bitcoin was here to stay now maybe maybe speculating maybe he
does believe it is here to stay but that is not a good thing maybe that's what he
meant in the interview it was just you know
people manipulate words the way they want to innovate it seemed like he was
saying bitcoins good well from this ask me anything maybe he had second thoughts
I don't know what it could be but I don't necessarily agree with him because
money I get that it's easier I guess so I guess with Vic with cryptocurrency it
is easier to do these things and get away with it
however guys people have been doing like these things aren't you know Bitcoin
might have say Bitcoin came around in 2008 this has been going on for so much
longer than 2008 they've been doing fine they've been you know tax evasions been
going on fine you know terrorist funding has been going on fine with whatever
currency they want or a Fiat they want and money laundering same thing this
isn't a new thing I like sure it's going to be around with Bitcoin with
cryptocurrency a lot of people are saying oh isn't that using the black
market yeah so is dollars okay so I don't really like to hear that I don't
think it's a solid structural argument just saying that oh it's used for bad
things because by that case we really shouldn't be using anything because
everything is used everywhere there is good there is also bad anyways enough
about the news let me know what you guys think of that down below in the comments
all three articles or whichever one is your favorite let me know what you guys
think of it down below let's take a look at the market though again we're
hovering pretty close to where we were yesterday not much has changed
Bitcoin dominance again getting close to 40% which means all coins are
bleeding and if we run through the list that's basically what we're seeing we're
seeing a ton of red now this this uh I don't think I think tomorrow we might
have a green day I'm gonna explain to you guys why at the end when we look at
the in depth chart the technical analysis chart we have been following
with Bitcoin as it's still stayed within those limits we're gonna find out
however everything's down even including Bitcoin everything's down let's take a
look at the 7 days 7 days we have a sort of a mix but definitely more red coins
like Finance is up 12% the week and nano is up 8% however 81% however it is down
10% today not really much of a surprise if I were to open a nano right here for
you guys will show you why just a little bit of logic when it comes to trading
cryptocurrency stuff everyone you know if you don't know what already you're
going to I guess learn it as you go first things first we had a huge pump up
in price that is because nano I I don't believe it was a pumping up I'm gonna
say it again I don't think this is a pump and um it doesn't make sense
because there has been no dump however it went up in law in value because the
price had been dropping so much due to the hacking of the exchange big Grail
it's dropped a ton you know it put a shadow over the name as I like to say
and then finally reached a point where it just broke under $7 and people are
just like this is ridiculous this had a high of $34 uh maybe even more 35 almost
36 dollars and it's you know it has it works it does what it's supposed to do
it's a good coin it you know fast transactions no fees it's good it
doesn't belong it was like 20-some to rank 20 something it doesn't belong
there so price went back up and then corrected a little bit because we had
such a fast run up correct it a little bit the kind of leveled off had another
pump and it's down a little bit again with days like today where every coin is
red it's not surprising that we see a little bit of a correction with Nano its
price that increased significantly now I saw I got people asking me up here
should I buy Nano and I was saying if you're going long
with nano yes go ahead purchase whatever you want if you are not if you just want
to make short-term gains maybe within the week I would stay away because after
a huge increase in price like this it basically doubled in value it's not a
good time to get into any cryptocurrency when it doubles in value in 24 hours now
I could still triple quadruple but you start getting into a play of risk
evaluation chances of it are you know a lot less likely however if you are going
long and with the all-time high with the situation the markets are in right now
there's definitely a lot of space for us to see you know nano just shoot up back
to its all-time highs and wait past it because again it doesn't deserve to be
ranked 22nd I think we could see Nano break top 10 guys it does what it needs
to do and it does it very very well now again days like this and for those
of you guys have a binson channel a while and if this is your first video if
you haven't heard me say this before this is black friday for crypto
currencies now you guys know Black Friday is the day everything's on sale
at least that's how it works in the u.s. very famous day everything's on sale
Best Buy does huge sales TVs are 50 to 70% off that's Black Friday and it
happens you know at the end of November I don't know exactly what the day is but
cryptocurrency has it happened every so often we get another 5% 10% down day for
your favorite coins which just means it's a buying opportunity especially
with the situation the markets in right now the market is looking to break out
it's struggling a little bit but it is looking to have its break out anytime
now I'm just waiting buying more of my coins buy more of my favorite coins one
of the ones I'm recently picking up a lot of is Bobby you guys have heard me
talk about this before it's down so much again I might pick up some more maybe
dollar cost average because I am currently in the negative with it
however I think I picked them up roughly around here when I was around the 145
and down ten cents it's not the worst thing in the world we'll live especially
since we're going long it's only had a sixty million dollar valuation it has
easy easy easy road to 10x don't forget guys none of this is financial advice
before forget I'm not financial advisor I'm dissing off financial advice I have
to say that every video make sure to do your own research guys it's the only way
to feel confident and to keep your money safe is to do your own research and only
invest in stuff you believe in however I do recommend going to research wahby it
does have a lot a lot of potential and where can you pick it up you may ask if
you go over here finance I'll leave a link to Finance
down below but you guys can go ahead and pick up some of your favorite all points
all the top all coins are owned by Nance it's probably the easiest exchange to
use other than coinbase maybe but you can't really get all coins there at
least not many so Finance is where I get all my all coins and they do have why be
on there that is where I picked up my Wahby and Tron actually is one of the
few coins up today I like to cover trunks I know a lot of you guys in the
channel follow for Tron because you guys are Tron investors as well it's reaching
close to a 3 billion dollar market cap help pretty steady here as the whole
market has kind of fluctuated over the last one to two weeks we've had a lot of
like sideways movement we went up a decent amount in the market and then we
went down I know this very simplified terms but we did basically have a nice
little pump to increase the market than we had for a week then we had another
week where it was a lot of red all over the market everything was bleeding and
now we've kind of leveled off and I said when we level off it's good I'm waiting
for a nice nice nice move upward and start to enter the bullish market now
Tron's actually add to another exchange today I saw in the Facebook group
someone posted so thank you for posting that I don't remember who it was I don't
have the Facebook group open but I remember someone the Facebook groups
always a great place to get updated all the time now currently six people now
are on sell for Bitcoin you guys are absolutely crazy I don't don't listen to
this this will lose you money right here
technical analysis summary will lose you money the only way to not lose money is
to do your own technical analysis and this is the chart I have recently been
messing with this is the technical analysis I did again it's not very
complex at all we could definitely go into a lot more detail I try to keep it
fairly simple for everyone to understand basically this is our resistance line
this is our support line you guys can tell bitcoins kind of been trading up
here for the last God who knows how long I'm when did this first break in around
the 6th of December so it's been in here for a few months and we had a child up
here which we were trying to break through we were balancing up in here
hoping to break past this resistance line which would cause a definite
definite decent price increase we can delete this right now because that did
not hold currently broke under it unfortunately but still came back up and
now we're testing this resistance line again today which is why I'm saying
today is a big day for cryptocurrency and it's a good time to pick up some all
coins because if we do break past this this is all about risk analysis so one
thing that could happen obviously is we could turn down and we could start
climbing our way down do i think bitcoin is going to reach these levels of $2000
i don't think so i think we have a strong support line right here the
200-day moving average if you guys don't understand anything we're on say if i'm
saying a lot of words comment down below I'll try and explain in the comments if
you guys need some more help with technical analysis I know a lot of you
guys are not cryptocurrency you know you guys might be new to cryptocurrency may
be gone in today's your first veer you're watching in which case I hope I'm
doing it good I'm doing a good first impression you know but yeah basically
hopefully we're gonna break this resistance line too which case I can't
say how high I think we could go I think we definitely maybe start reaching these
levels maybe up to the 12 13 14 thousand dollar mark is where we'll probably face
a little bit of resistance again but this is a very big resistance line
that's been holding for a while so breaking through that will definitely be
very very good for Bitcoin also just very basics right here this is the stock
RSI the one of the two charts I use at the RSI and I have the stock RSI not the
only things you guys can you protect : Alice's obviously there's a lot of
things you can do but in summary when to make this very very simple for you guys
when the blue line crosses the red line good sign you guys can tell blue line
crosses the red line goes up blue line cross
the red line goes up when red line crosses the blue line goes down right
simple simple terms right there for you guys so um those of you guys who need it
those of you guys who don't then you guys don't know what I'm talking about
right so yeah we're good um so yeah hopefully we see Bitcoin break through
here and start moving upwards that is what I am excited for that's what I'm
looking forward to in the next couple of days maybe we could come back down a
little bit but again do some risk analysis see would you rather lose $500
in the long run and maybe gain a few thousand or would you want to wait and
hold off and play the risk of maybe not going back down so that's kind of what
you guys have to play well that's what we all have to play with with
cryptocurrency is all risk analysis what you guys think is the right move so let
me know down below what you guys are going to be doing with within the next
couple of days maybe even with today what you guys are gonna do with crude
with your cryptocurrency let me know down below and smash the thumbs up
button if you guys enjoyed the video don't forget to leave a comment
answering the two questions I asked in the beginning of the video I really
really need some help with this so make sure you guys do answer those in the
comments down below guys thank you so much for watching subscribe if you're
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