what's going on guys Patrick here bringing you a brand new video and
saying we got another killer video for you guys full of information I'm going
to be talking about ripple being in trouble
Bitcoin going to two thousand or twenty thousand dollars as well as lots of
other news that went onto the cryptocurrency space with guys before we
can start with that if you want to enter a chance to win some free Bigpoint all
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leave a comment down below saying something related to the video guys I
apologize for no upload yesterday I was actually traveling from Brazil back home
to New York City but I'm here now I haven't slept but I'm not gonna go two
days without uploading so I hope you guys do enjoy this video the first piece
of news I have for you guys is John McAfee fires off I don't know if I
pronounced his name correctly I saw a comment talking about this one time and
I still forgot what what he said it was but still fires off at the Reserve Bank
of India so the RBI the Reserve Bank of India has actually been causing a lot of
fun going on mainly because of their crypto currency ban they've been very
very anti crypto currency and it's been hurting a lot of people just spreading a
lot of fun has been making a lot of people concerned or just not have access
to crypto currencies because the RBI is the big bank in India now John Key I'm
gonna call him John John has decided to boycott he has called for a boycott on
Twitter and you know what I see that John on Twitter John usually does go out
and have very extravagant points of view he does certainly call people out when
he thinks they're doing something wrong but in this case I'm gonna go ahead and
support it and that's why I'm sharing it on this video he said that the RBI the
Reserve Bank of India initiated its atrocity out of fear and one through the
existing centralized power structures what we're fighting against right I'm
calling for a boycott of any financial institution that does business with RBI
we must stand together and actually the reason I like this is because he is
calling for cryptocurrency enthusiasts cryptocurrency investors to stand
together as a community and stand together and just act um act
there so hopefully the RBI does change their mind I know they have been the
center of a lot of problems recently in the last few months not the only not the
only reason but certainly a one of the reasons that we've been seeing the
prices job because of people's fear so hopefully that does get solved
relatively quick now the next piece of news I have for you guys could be good
could be bad take it as you will but Tom Lee has changed his Bitcoin prediction
from $25,000 wait for it wait for it to $22,000 and this has caused some people
to worry I don't know how guys 25,000 22,000
20,000 by the end of the year I'm happy with either one of those I'm also happy
with 35,000 I'm also happy with 50,000 but I do think 20 to 25 is a very fair
prediction now it does go on to explain why he is saying different figures that
is simply because he doesn't obviously he doesn't have an exact number he's
going with he has a range he's going to going with and this is from historically
Bitcoin being traded at 2.5 times its mining cost which right now it is
certainly not doing so it's not out of the question that it could be over
20,000 dollars by the end of the year at fair value what I was trying to
illustrate was that given where mining costs will be and apply the historical
average of 2.5 times mining costs that will imply fair value of over 20,000
dollars roughly 22,000 dollars but he does then go on and say that we still
think Nick we can't reach $25,000 by the end of the year or something like that
guys I am hoping that we do see Bitcoin at the 22 to 25 thousand dollar range by
the end of the year I think it's definitely likely I think it's something
and it could honestly be so much more depending on how regulations come in
depending how much money comes into the market we are still waiting to see if at
the end of this year we're gonna have a run like we had the end of last year
that's gonna be very interesting to see because if we do and we certainly could
go break way pass through the twenty thousand dollar mark but moving on from
that as well before we go into talking about the two thousand to twenty
thousand dollar on some technical analysis that I found this article it
did very good technical analysis I was gonna show you guys this on my chart but
as you guys can see it is fairly complicated as there are as I've heard
for those people that don't understand it there are a lot of line
which is basically the way a lot of people explain explain technical
analysis there's a lot of lines that I can guess the price that's not exactly
how it works but still I'm gonna void showing too much of the graphs but they
do summarize it at the end saying that falling below 63,000 for six thousand
three hundred sixty three thousand that'd be cool six thousand three
hundred forty one the double bottom necklace there is a double bottom
happening right now which seems like a bullish trend a bullish pattern
something that we can hope to see cryptocurrency
jump up from definitely very possible but also if we do break below that then
we are we are probably do run the possibility of continuing a bear trend
breaking the bullish pattern out of the way right just completely neglecting it
and falling down into more more more of a bearish pattern and continuing our way
down which then is what brings up the discussion is Bitcoin going in two
thousand three thousand dollars or is July the month that's going to take
Bitcoin back up to the eight nine ten thousand and then moving on from there
we're gonna start seeing some more green not sure let me know what you guys think
right now in the comments down below what do you guys think is going to
happen what do you guys think bitcoins price is gonna be at the end of the year
what's your end of the year December 31st 2018 Bitcoin and price prediction
and the number two do you think July is going to be an overall Green month or do
you think July is going to be is still another overall red month so let me know
that in the comments down below right now but this is the article I was
talking about and this is obviously someone's opinion this is quote so this
is speaking at the crypto compare MJ AC blockchain summit chambers provided his
take on the prospect of BTC so this from a guy called chambers I'm assuming
that's his last name so Bitcoin will will it go back over its
previous high it will probably hit $2,000 before it hits $20,000 but will
it hit 20,000 I think so we'll hit a hundred thousand I think it is quite a
likely I think that's quite likely now it's gonna jump right in here and say I
think the lowest Bitcoin is going to go if we do continue on a bearish pattern
is falling to the three thousand dollar mark I don't think it will fall anywhere
below that now obviously I'm
to be counting on that I'm not gonna be sack here waiting for it at $3,000 I
will be taller cost averaging on the way down as it continues to fall if it does
continue fall as you can see small so I can continue to build up my position but
I will not be waiting for one specific number to buy all of my money's worth at
that time way too risky way too risky I'm not getting in but also way too
risky of just putting all your money in at one time that is not how people
usually go about investing if you do continue reading the article they do
actually name some very good reasons as to why Bitcoin and cryptocurrency will
continue to grow so well one of the reasons is the shortage of actual money
and how cryptocurrencies are filling that vacuum and are going to generate an
overall economic was lift that is one of the reasons they were talking about they
also mention that the blockchain like the Internet was before the blockchain
is basically in this generations Internet
what's going to cause the disruption in this generation Bitcoin will probably be
part of that future in the long run now obviously there's a lot of
cryptocurrencies out there guys we talk about this all the time some are good
some probably not gonna be around forever but one of the other ones I am
investing in is nano and I share with you guys that a lot and I want to keep
emphasizing that I am dollar cost averaging on nano and I do hope to
continue to pick some more up obviously it's still love Neil love nano still
have a lot of bitcoins still have some aetherium obviously it's sharing you
guys kind of where my portfolio is at but I am diversified but it's important
to find the good projects because I don't think these are going I don't
think every project is going to last and not not even one year I think we see
cryptocurrencies die every single day at this point but there's another reason
for of the market to have an upswing now is because of Switzerland and Malta so
there are reports that Switzerland is set to offer conventional banking
services to cryptocurrency companies that is huge is going to help adoption a
tons gonna help a ton with adoption now also in Malta the country's
Parliament yesterday this was on July 4th now obviously it is July 6th it's
two days ago past three blockchain laws but coming for the first Native becoming
becoming for the first nation to create a proper regulatory framework for the
industry ANOVA Ramin sounded incorrect grammar point is
they are going to be the first nation to have regulations for it which is what
we're waiting for from a lot of different countries as well hopefully
this is a step forward and we see more countries start creating regulations
start creating laws around cryptocurrency so that more people have
confidence coming in don't forget guys I'm all for everything being these
decentralized in ten to fifteen years time but to get started we do have to
take this piece by piece and we have to give people confidence when it comes to
investing in cryptocurrency once they get in they understand everything works
then I think moving forward we can then move into the rest of what
cryptocurrency is supposed to do but I do believe regulation as much as people
like to debate if it's the right or the wrong move I do think it is something
that's going to be around is gonna have to be around initially for us to see a
cryptocurrency take off now moving on to the overall market since we've been
rambling about Bitcoin let's take a look at what's been moving 8 share up 9%
overall today is a pretty read Dale if you see all the ones in the green not
any big name crypto currencies if we go to the red though we see Tasos job 16
percent elf still falling at eleven point six percent a on these are all
cryptic rights that a lot of I know a lot of people really like elf a on
pivots neo down nine point six percent is it has been going crazy the last few
days so I'm not even mad at where Neos that's at 37 dollars it was just under
30 dollars not too long ago so a huge run-up here and it was even higher
before it is having as you guys can tell a pretty rough last 24 hours one chain
is down gases down ontology is down sis point had that one huge pump up where
you know there was the issues going on so we're not gonna call an actual pump
it was a little bit of issues going on there and now it's corrected back down
trading roughly where it was at before basically a lot of things are done if
you guys do take a look though let's see Neil is actually past Tron and it had
past tether not too long ago to be in the top 10 now since everything is
falling today neo is back down in the number 11 spot but still it
passed stronzo interesting to see I know we did a poll the other day if neo or
Toronto is gonna be ahead looks like neo is ahead right now but obviously that is
very easily it could change in one to two days time just depends on where the
market goes where each cryptocurrency or which where each old coin goes still a
lot to come but moving on to talk about ripple so as you guys saw by the title
ripple could be in trouble and what do I mean by this well they've actually got
their third lawsuit against them they're only down 2.5% today those so not the
worst that we've seen definitely not one of the worst movers today down to 47
cents well it got hit from its third lawsuit and this one is due to alleged
price manipulation so this is something that I think's been going on for some
time and finally there was a lawsuit about I'm not saying this is good or bad
I'm just saying people have been curious about this people have been talking
about this for a while so it's not anything new it's just now that there is
a lawsuit about it and this is price manipulation due to the huge supply of
XRP that ripple the company has so we're gonna see where this works obviously
this falls into they have respond to this talking about the sec and the
security thing they there is another part where people are scared with ripple
is this security is it not security obviously the people at ripple do not
believe that XRP is a security but that is for the sec to decide they they say
whether or not it is is for the sec to decide we continue to believe XRP should
not be classified as a security and again everything is speculation up to
this point we don't know where things are headed but talking about neo I know
I know a lot of you guys are invest in Ripple that's why I wanted to share the
information with you but talking about neo that is in the number 11th spot down
10% today though now nine point eight five if we refresh it down to $37 it did
actually hit all the way I believe $41 did break $40 from under $30 to over $40
pretty solid game a gain right there and that is because it's entering the era of
the essential so we talked more about that yesterday
but they did actually announce Neal is entering or has entered the era of
decentralization and I think Neal will continue to grow still very very bullish
on this all coin not much has been going on in the overall market though so I
know I haven't been talking about it much but then again there's never much
news surrounding Neos has always been doing its thing continuing to you know
sort of hover around the same spot when it comes to market cap and you know
ranking over the rank of the market cap as we see it's number 11 right now and
keeps hovering around that range close to tron but I do think when we do have
the Bulls in and we do start seeing that bull market in the law more gray Neil
will continue to stand out of the pack I'm excited to see its overall growth
and I do think this is a cryptocurrency that will be around for a long time I
don't think this is one of the ones we're talking about that are gonna
disappear I think Neil be around for a long time as well but guys that's gonna
be it for this video if you guys did enjoy don't forget to leave a thumbs up
and also leave a comment down below saying something related to the video
guys thank you so much for watching also make sure you guys are subscribed you
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tomorrow for another video
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