CAN CRYPTOCURRENCY REPLACE FIAT? BITCOIN DAY TRADING MISTAKES + PRICE 2018! RIPPLE XRP BIG NEWS!
What's going on guys Patrick here bringing you a brand new, video, today we got another killer video for you guys full, of information. Today we're gonna be looking at why I think, cryptocurrency, could, replace, Fiat we're also gonna be looking at these three common, mistakes new, traders, make and tons, of other news that went on in the cryptocurrency, space, but guys before we can start with that if you want to enter a chance to win some free Bitcoin, all I guys have to do is number one be, subscribed to channel and have your notifications, turn on number. Two give this video thumbs up, in number three leave a comment down below saying, something. Related, to the video also you guys are interested in making money trading cryptocurrencies, even, while the market is down, make, sure you check out the first link in the description, or the first link in the comments for the cryptocurrency trade, alert group so far we've had a ton of success when over 90%. Success rate on our trades, ranging. From both all coin trades to Bitcoin leveraged, trading so no matter what type of trading you are interested in there is something in there for you our last two weeks we've done over thirty percent profit and in our last seven, days our last week alone we've done over twenty. Percent profit, that is while the market has been sideways, and everybody. Has been waiting for some price movement, so if you have no idea how to do technical analysis you don't have the time to do technical analysis, I post, every single one of my traits in the group so you can copy my exact, trades that brought me to a six-figure, portfolio, you can copy the exact, trades, I am in so, you can have those gains as well guys, we've had people make up to two Bitcoin in one single day as well as countless other people make an extra 100, 500, or 1000. Dollars now let's move on to some, news because we have a lot of good stuff going on first of all some, blockchain, of adoption, news Alibaba. Cloud launches, a global, blockchain. Service, now what actually happened here is that they have expanded. Their blockchain, as a service, beyond, their, domestic. Border so now they are offering, this as a global, thing this is the cloud computing, part of China's. Largest online retailer, retailer. Alibaba. Which is another company, with. Another founder. So Jack Ma another, one that is very very interested, in the blockchain in crypto currency, and has had a lot of rumors tied between him and some, specific crypto, currencies out there and other names namely Justin the Sun is another one that gets, tied, in with Jack, Ma a lot similar, to Elon, Musk in the sense that you know very, forward-thinking always, looking at new innovation, and adoption but. He actually looks, like he's more into, you. Know blockchain, cryptocurrency that Elon, Musk seems to be at this, time obviously we don't know for sure but, overall this is some very good news, now on the maybe, not so good news coinbase, laid off staff, and this could be related to decreasing. Demand so, if you guys remember at their peak they, were adding, reportedly. 50,000. New customers, every single, day. And obviously that was during the bull. Run when we were having those all-time, highs people, were flooding, into crypto currencies and tons of accounts, were, made. Now the USO now claims, coinbase reported, to have laid off their, existing staff after recruiting. 250. New hires now they didn't say they they, didn't want to say how many they actually, did, layoff but, insider, source said, that the number was more, than 15, and at the senior, lead the, senior, leadership is handling, communications. Poi so people are pretty upset about it I assume they would be upset if they got laid off but the communication part is very. Important, now the fact that there there are layoffs, happening, is something is not as nothing new it happens to a lot of companies especially when, it comes to a little bit of a rougher period they hired a lot of people because of the bull run so, they're starting to realize that with less demand there. Isn't the need for everyone, to still, be there delete so they are starting. To lay off people and you know what I'm sure when the bull run comes back if coinbase is still on top and they get an influx of new accounts, and new users they're, going to have to look to hire some, more people but this happens to every come this happens to every company, you guys remember in, every. Time there is financial, crash, companies. Or even just you know a company's having a rough period the first. Thing they do usually is to lay off staff, now. If you look at the last week in review guys this week has, been very, very bullish for crypto currency honest. Way, more bullish, news than any, form, of bearish.
News Going on now I know we are still consolidating. In terms of the. Prices, but this is a very good thing moving forward because I would rather have bullish, news now while we build up for, some bullish action, then continuously, see bearish, news even if we're trading sideways I would much rather see adoption. In bullish news then, I would like to see bearish news I'm sure a majority. Of you guys probably, agree, with that as well so, let's take a look at some of the highlights of the week japan's, FSA, green, lights, crypto. Crypto. Consortiums. Self, regulating. Status, so what they said here is that it's a very fast-moving industry, one that we know to be true right it's, better for experts, to make rules in a timely, matter than, a timely. Manner then, bureaucrats. Do so what they're saying is better, to let the people who know what they're talking about deal, with it then, get people who don't know what they're talking about to, try and deal with it so, overall. Is gonna make it faster, if the experts deal with it and there's, a higher chance of good things being done rather, than try to put it on to people who have no idea what they're doing there's a much higher chance that. They will mess things up right now coinbase was also awarded their custodian. A license, by New York regulator, Mumbai New York regulator, now again this meant that maybe we'd be seeing XRP listed, on there currently, they have they. Have a custodian, license which is not the same as that they're gonna list XRP it's not confirmed but, they have the custodian, license which means they, can support they can offer custodial. Support, for the top six cryptocurrency, so it's Bitcoin Bitcoin cash aetherium theorem. Classic, like coin and X, R P so that for the fact that X R P was there was, one of the reasons everyone's speculating, maybe they're. Going to get it added now more ETF, hype grows as Van Vanek, CBOE, and solid X speak with the SEC, still, a lot of people are speculating this, is going to happen in q1, of 2019. Which honestly at this point is not. Far, away so again another, potential. Catalyst, to either enter us in the bull run or to push us higher in that boat, and obviously there's a lot of stuff coming on and I don't think one thing is going to bring us back the all-time high but, it's the continuous. Building, and building and more and or adoption that I think is going to get us there also Chinese. Court validates, Bitcoin, transactions. And handling, allowed or holding a lot I guess they spelled it holding here and then, some smaller news we have coinbase list aetherium based circle, the.
US DC. SDC seems, like it's gonna be pretty centralized. But, I see confirmed, backs futures, of Bitcoin futures launch date that's some good news tether torches 500 million USD T I guess, we don't know if that's good or bad depends, on what, you think it's Heather and the Singapore government back, vertex, Adventures discloses, finance, investment so it's a lot of news that went on and like I said a majority. Of it was, bullish, which means if we, are to have any form of price action you, know coming in the future if we take a look at a year's. Time and I'm talking guys talking. This is a year technically. In an investment, is the, short term but, we're, gonna take a look at it in the long term because that's how a lot of people seem to think with cryptocurrency so, in a year's time however, you want to call that longer short term, all. This news add it, together you know fact, we have the, ETF all that stuff building on shows, that there's a higher, chance that a year from now we're gonna be up then, there is you. Know then there is a chance that a year from now we, are going to be down now day to day you know maybe even week to week harder. To tell there's a lot of stuff that still goes on in the market and a lot of the times people think we, might be entering a bull run we do the exact opposite, but a year from now when all of these things come into play the, chances, are a lot, higher that, we are gonna be up than we are going to be down, now the three common, mistakes new. Traders. Make this was actually fun to see because they covered this article covered pretty much everything, that I try and tell people who are new to it now I know not everyone is a trader and although I think trading, is a great, thing to do if you have time, obviously if you have time to do your own technical. Analysis. It is a great, form. Of passive income to do because with cryptocurrency really, can make a lot, of money very very, fast and for those of you who don't have time obviously, I started, the trailor group specifically, for that because, I wanted to help everyone, have the ability to make money trading not, just those who have the actual time to do it I want to do my best to make sure was open for everyone but in terms of the risk if you are looking, to start this year going to embark, on this journey on your own keep. In mind a few things and this doesn't even just apply to traders, I believe this implies to, most, overall. Cryptocurrency. Holders, the one is reduce, market, exposure, and risk by, purchasing, a variety of assets, at different, price levels what does that mean, diversify.
Your Investment, and dollar-cost. Average. That is not, just for traders that is for every, single cryptocurrency. Investor, every single investor. In general. You never purchase. Only one asset, you never purchase one thing and you never purchase it at one, time that's just the recipe, to, keep yourself safe and to reduce your risk obviously, a mic work it might work out sometimes, but, a majority of the time it doesn't it's not worth playing that risk next. Off is to have a complete clear, strategy, and get out of the habit of Harling, now I don't agree with this one obviously it's going to depend if you're a day trader or not but. I think the way I look at this is separate. The to have, your trading amount which is something you're comfortable with start small you can increase that later and then, also on the other side have. You're, holding, have the ones that you are accumulating, use the trading to accumulate, more of what, you want to be holding and to, me that's the best recipe, that's the recipe I've used that's a strategy I've used to, continuously. Grow my. Portfolio. And then last one is consolidation. Period are sketchy at best with no clear entry, or exit, signals, so, it's best to wait these periods out and that's what we are doing right now a lot of people are very impatient, and are putting in trades just to, try to you know get, something however, we've had so much trading, opportunities, moving on until now that, even if we have a month with no. Good entry point in the, long run that means, nothing, one, month with if, we're gonna be consolidating, and there aren't really any good trades doesn't, matter because the moment we get some of the trades like this someone we get some price action like this you, will easily make back, your money that, you waited, on that month. It's better doing that than risking, losing because guys trust, me oh this is well I've seen a lot of people, a lot of people on YouTube come out and be like oh I predicted, this dumps like yes maybe, you predicted, you know this one little spike in the console in the, consolidation, period maybe, you did predict, this one but. You also longed, this one right it's sort of it's. Very, difficult to trade consolidation, period a lot of the people who post their wins this time probably. Lost the last time and those, just aren't the ones they're showing so keep that in mind now in terms of cryptocurrency replacing.
Feel And this is something I think a, lot of people underestimate a, lot of people were, born into fiat, currency, they're born when fiat currency was around and so they don't realize, how new, it is and just, the fact that it's. Probably, not going to be around forever it's. Not going to be around forever and the possibility, of it being replaced. Is pretty. High and the, process and the possibility, now of crypto replacing, it in my opinion is even. Higher now hear me I'm going to give you guys the exact, reason for this first of all the reasons for the u.s. dollar not, being success the reason for it crashing, people are expecting, is the debt so the u.s. pays half a trillion dollars in interest per year to. Services, to service its debt its. Debt increases, by a trillion, dollars. Every single year it's, a death spiral and it cannot be undone, this is from kim.com, who is a german Finnish internet, entrepreneur, self-destruction. And USD, collapses, a collapse, are unavoidable. He says to get out and to buy gold and crypto now. This is why I think crypto, is going to replace fear, personally. We've. Entered the age where everything is done online right, we have e-commerce and, that is rapidly, replacing. Stores. You know at Amazon. Rapidly, replaced stores you can now order your groceries, online you, can buy a car, online you, buy tesla online you can buy every. Single thing you can imagine, you can probably buy, it online and if you can't yet then, chances, are you will be able to in the next one to three years right it's just the direction everything, is heading in a lot, of companies are closing down because they didn't take that target, for example close a lot of stores Toys, R Us going, bankrupt because, they didn't adopt ecommerce, a huge. Company that, works. Just like countries and I've been saying if countries don't adopt cryptocurrency, in the blockchain they're going to they're, going to fall behind, that's, type of stuff that happen with Toys R Us it was a huge company a huge success all, of, a sudden made. One bad move ignored, ecommerce, and bam, this. Is where we right now they're going bankrupt, now. I think obviously, we are looking to use cryptocurrency, for, you. Know for micro transactions, using it to purchase things in a store however, I don't think that's where it's going to thrive I think where cryptocurrency, is going, to thrive is in, e-commerce, is in the online space because, then that means Amazon, doesn't have to accept, you know you don't have to have Amazon com Amazon dot.
All, Amazon, duck oh no you can whatever it is you don't have to have all those using, different currencies somebody everybody, could be using one, currency it could be using the world currency, whatever it is that that whatever. That is at the time maybe it turns out to be Amazon, coin I don't know what it is I don't. Know wanted to kill what's going to be I don't have a crystal ball then, again we might obviously have, several, crypto currencies down in, the future as well but my point is since, cryptocurrency. Is the digital, currency and we are in the digital age and the fact that everything, is moving online and, I, think cryptocurrency, thrives, when it is used on I think it's super super easy when it's used online and that's, why I believe, it stands, a good chance to. Replace, via again via is not going to be around forever simply. Because it hasn't been around forever, before, right everyone. Knows that it's going to come to an end eventually looking. Like we might be getting closer and closer I'm not saying one to two years from now I'm speaking, further, down the line than that but, it looks like it could definitely start, struggling, due to the, issues that come, with having the, fiat right the dead that's going on the inflation is going on all that is stuff people are starting. To realize in the UK the US economy being, the you, know being the world's most powerful economy. It has impact, on every. Everywhere. As well so has significant, impact on Asia and Europe so. When US stocks are suffering, and the. Sentiment, is shifting, a lot of people are expecting to see other, countries. Other other. Countries, or other regions, seeing, those stocks, suffer. As well so we're gonna have to wait and see obviously the US stocks. Have had, a little bit of a turn and they've wiped out a lot of the gains that have been going, on previously. Now, another. Here is encryption, plus, crypto, equals, freedom so another thing that I. That. Makes sense to me is that everyone always talks about freedom and what does everyone want everyone. Wants freedom it's a financial freedom whatever it is it's, freedom. And part, of freedom I believe is having. Control, of your money, not just you being able to know. Not only you making, enough money but you also having control, of your money that to me falls under freedom as well that falls under financial freedom right I want to make enough money to where I'm comfortable I don't have to worry about money I can, do all the stuff I want in the world but. That's exactly I want, to be able to do all the stuff I want I want to be able to do whatever I want with my money I believe fighting, for freedom is going to make a turn. For. You, know in scope cryptocurrency is going to be a part of that so let me know your guys thoughts are just a little bit of my, predictions, in terms of what's going to happen in the future I think as more and more things continue, to shift online, cryptocurrency. Is going to find its perfect. Use find its home being. The digital, currency that it is being used digitally. And again I think we're gonna get a ton of adoption, with using it for, micro transactions, in stores in supermarkets, for example, but, even supermarkets, are shifting to become online now so, eventually. It looks like we're going to have a world where a majority. Of things are online and that's where I think cryptocurrency, is going to be used the, most and that's where I think it's going to thrive and that's why I think it could genuinely. Replace, all it. Could replace the fiat currencies, it could replace the US dollar, it's.
Possible Is it you, know too early to tell 100%. What. The possibility, is there. Guys people made fun of people thought the internet was gonna be a bubble people thought the internet was going to be a fad. Looks. Like it's gonna stay and if you still believe it's a fad then, maybe just, maybe. You. Might not want to invest in crypto currencies either but if you believe in the internet and you think that's the way things are going and you agree with my logic, let me know what you guys think of my logic down below let me know if that makes sense to you guys or if I just rambled on about absolutely, nothing let me know your, thoughts in the comments down below now if we look at the overall market 209, billion dollars in mark cap with the 53.7%. Bitcoin, dominance meaning nothing is but in the market we are still trading sideways the prices around a few dollars higher than it was yesterday we're up 0.16. Percent biggest. Gainer denta coin of, Denton. Was actually down a lot yesterday so it looks like it formed a little there's, a little, bit of a Bart you know up 15 percent went down had a little bit of a Bart and come back up then, Reve an auger, data, coin. Polymath. And of veritasium or some of the biggest gainers in the last 24 hours not too long ago status. Is up 3% as well look at that huge pump it's having their against only 3% though but, it, looks, like a huge pump in the market spin sideways for, so long and in, terms of the biggest loser Stratus, is down wax is down Hollow is down and a lot of other cryptocurrencies are, down. As well, we're roughly at 50/50. In terms. Of overall. In. Terms of red and green we're, roughly 50/50, so again markets, trading side with even when we have a little more red it's just such small percentages, that if you guys can tell we've, been trading, between the 207. And the 209. Billion dollar market cap for. A very, long time no much longer than I would like to admit now XRP, has, seen, some good news and talked a little bit about this yesterday but I found exact figures they've, more than doubled their. Sales so. Ripples. XRP sales, more, than doubled to, 163. Million, dollars in q3, showing, the, institutional. Interest, involved showing the interest, that XRP is having overall, this, is a very, very good sign 163. Million dollars we talked about coinbase they, are laying. People off because demand is date is decreasing, XRP, sales have more than doubled, so very, good thing to see for ripple right there now before this video goes on too long because it probably already has from my rambling, I want, to do the Bitcoin giveaway for you guys to, give back to the community, I picked a video 56. Unique comforters, guys if you want to enter a chance to win future, the future Bitcoin giveaway when. We have 56 comments, maybe. Comment two or three times maybe that's gonna increase your chance of winning who. Knows, give.
It A try though so let's pick a random winners see who wins Damian. Will. Or I probably I don't know if I pronounced that correctly if I did then, congratulations, you want if I did it then I'm sorry I didn't, but congratulations you, want anyways, ideally, Celeste would be more honest but with money in front of them they soon crumble, such a pity, I agree, you were talking about you know Floyd. Mayweather indeed I think it was fly made the employed, Mayweather and dj, khaled we're, the ones we're talking about where they're getting sued for promoting in high CEO and, I. Said ideally, these guys these guys would you know maybe just talk about things they used. Things they're interested in things they know about but. When you put a large sum of money in front of anybody it's not just celebrities right when you put a ton of money in front of anybody. If. It's enough money like that it's like the saying goes I don't know the exact saying is but it's like the saying goes you. You. You can buy you, know if it's enough money you'll, buy, someone's I don't know the coin it's you guys know what I'm trying to say though right anyways Daymond, you have, won the Bitcoin giveaway all you have to do to claim it is leave a comment down below letting, me know you're here to claim it and give me your Bitcoin, wallet address. Guys if they don't claim it within the next 24, hours I'm going to be picking a new winner from this video so make sure you are smash, that thumbs up button and leaving comments down below so, you can enter a chance to win and of course be subscribed and have you know if 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.