<iframe width="560" height="315" src=" frameborder="0" gesture="media" allowhat's going on you two Jedi Knight back
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I was just talking to her about this if I go to the one month
chart anything after November 15th I believe it was this is the 15th yeah this was the last time that we had close
to 2% and then from here on it seems like we have a cap here I can't confirm a cat I can only confirm what the chart
indicates but what I think is awesome about this and I hope I see this if this indeed happens because the same person Shelly shoutouts to Shelly we've beentalking back and forth via email telephone through you know the comments
01:28
sections of videos and so forth and
01:31
something that I posed to her just the
01:34
other day based on a video that I did
01:37
earlier in December and I want you to
01:40
hear something is the level of
01:44
favoritism here and talking about you
01:48
know scams and stuff and these
01:50
individuals they talk about they connect
01:53
but they don't talk about things that
01:55
also have very tangible issues within
01:59
the cryptocurrency space such as what's
02:03
been going on with Biffen X the largest
02:05
of exchange in crypto and tether a
02:10
cryptocurrency that is associated with
02:12
victim X now this is I'm going to
02:15
another topic here I didn't say anything
02:19
honest because generally I know if you
02:24
say certain things it can be looked at
02:27
as fun right but I don't care because
02:30
this is not fun
02:32
this is observation
02:34
so um I'm just gonna make a video on it
02:39
on December first I made this video and
02:42
this was the unethical ambush journalism
02:45
and favoritism right and at the twenty
02:48
nine and a half minute mark I made the
02:51
statement about there being tangible
02:54
concerns within crypto that can cause a
02:58
downtrend right and it's in regards to
03:05
the largest crypto exchange in the world
03:07
Biffen X and a crypto currency that is
03:12
associated with it and possibly owned by
03:15
the owners of BitFenix witch's tether
03:18
the USD team strangely enough
03:24
Jerry Banfield two days ago made a video
03:29
about BitFenix and tether could possibly
03:33
equal a crash right and I'm gonna leave
03:37
the link to this video because I think
03:40
it's something that um people who should
03:42
look at and when I discussed this this
03:46
is not in terms of just the the
03:49
technological aspect of crypto
03:52
currencies I'm just talking about just
03:54
the trends in the market in terms of
03:57
exchanges monies and what is going to be
04:01
coming within the next couple of days
04:04
right and while I was on the phone with
04:09
shell and I'm sitting here now I'm
04:11
giving her this scenario right and this
04:15
this had to be either yesterday or the
04:17
day before yesterday and I said imagine
04:19
a scenario where everyone is looking and
04:26
are getting super excited about the
04:29
price of Bitcoin right
04:32
people are looking at the daily returns
04:39
it is all over television it is all over
04:43
the news
04:43
and I said you know what this reminds me
04:47
of this reminds me of 2013 of 2014 when
04:52
I think was 2013 when Bitcoin had that
04:56
first major run off it ran from about um
05:01
$2 to about 20 dollars and twenty eight
05:04
dollars to fifty dollars and then it
05:07
went from fifty dollars in then which
05:08
like 200 and then a consolidated for
05:10
like a week and then it went completely
05:14
bonkers
05:15
it went from 200 and it would like
05:18
straight to seventeen eighteen nineteen
05:20
hundred dollars right this is when it
05:22
first passed the price of gold and I
05:27
noticed it was all over the news it was
05:30
all over the television it was on front
05:34
pages of newspapers and every day I was
05:38
going to work and this is back when I
05:40
lived in New York and I was seeing this
05:42
everywhere and this is when I got my
05:46
first taste of Bitcoin I got in at that
05:49
time not really taking in what was it
05:54
what was happening right and I learned
05:57
something major here I got in and then
06:02
the price crash from where was that all
06:08
the way down to about 400 then I went
06:10
down the - and then it was kind of under
06:13
the radar for a couple years and then at
06:16
the beginning of this year we had two
06:17
major run-up what I've noticed right and
06:21
I heard this saying before and I
06:24
completely I don't want to say
06:28
disregarded it but I didn't think of it
06:30
when it occurred
06:32
and I heard the same and I thought it
06:35
was so true and I'm gonna kind of tie
06:36
this together in a second a gentleman
06:39
this was in the gold and silver
06:42
community he said to me one day he said
06:45
anytime you see advertisements about a
06:50
particular investment all over
06:52
television all over the newspapers you
06:55
go to the supermarket and the cashier
06:58
person is talking about this great
07:01
investment especially when it's on the
07:06
cover of magazines newspapers and on
07:08
television you have about two weeks to
07:10
get out because the purpose of
07:12
television and newspapers is to
07:17
advertise it is an advertisement vehicle
07:21
so the huge folk the people who have
07:25
control of a particular asset anytime
07:28
they need the ability to sell the
07:32
television the newspapers the radio all
07:37
of these advertisement tools are
07:42
utilized in order to create buyers and
07:48
now since the buyers are there coming in
07:52
late coming in at the top now these
07:55
folks have buyers to sell to and I've
07:59
come I did not think about that right
08:02
and I got in and I got completely
08:07
slaughtered now I had my bit club but
08:12
the value was a fraction of what it was
08:15
now I say that because when December
08:20
first when I made this video I talked
08:24
about how this chart looks like a hockey
08:26
stick right and I'm gonna tie this in
08:30
the big connect in the second and there
08:33
is no type of support area whatsoever
08:37
it's a small market it's highly volatile
08:39
so that's in many ways understandable
08:41
right this is not like just the typical
08:44
market
08:46
but throughout everything that is
08:49
happening right this BitFenix and tether
08:52
situation is crazy I'm going to let you
08:56
listen to this video that I heard to
08:59
date but it was released on December 4
09:03
check this video up what are you hearing
09:06
out there right um people are really
09:08
excited for the futures market to open
09:10
so it was a good day for the store to
09:12
come out because the CBO he also said
09:14
today that the futures market for them
09:16
they have a week of exclusivity the
09:18
futures market will open on Sunday at 6
09:20
p.m. so this is really an opportunity
09:22
that's right around the corner and with
09:25
that said it's gonna be really exciting
09:27
to see how people approach this market
09:29
because it's not a trade for the
09:31
faint-hearted Bitcoin has served this
09:34
year so you know there is a worry that
09:36
you know you know will there be a lot of
09:39
people shorting to hedge their bets yes
09:41
will there be a big naked short that's a
09:44
lot lot more risky exactly - any idea
09:47
what kind of pricing we might see not
09:49
sure about the pricing yet that is a
09:51
really big question about you know how
09:53
expensive it is you kind of be to really
09:54
get into these trades and I think
09:56
that'll be a big determinant on how
09:58
people use them mmm what what else well
10:01
I was ever saying what about
10:01
manipulation is there the possibility of
10:04
any kind of market manipulation now if
10:06
we see a little bit more liquidity in
10:07
products related to Bitcoin
10:09
you know one of the scarier things I
10:11
actually heard in our reporting for
10:12
example was now that you have the
10:13
opportunity to more easily short the
10:15
currencies and there were opportunities
10:17
before don't get me wrong you know we've
10:19
seen a lot of hacks right so what if you
10:21
are a bad actor this is manipulation
10:23
times - right if we're a bad actor and
10:25
you decide to hack one of these
10:26
exchanges or whatnot and you know that
10:29
does significantly affect the price of
10:31
the currency can you also be trading it
10:33
short so you know there there really is
10:35
an opportunity and a lot of questions
10:37
here about how people are going to end
10:39
up using this market more opportunities
10:41
does this also mean more potential
10:43
regulations it could I mean it certainly
10:45
should right I mean people are looking
10:47
right now to see kind of what kind of
10:49
regulation will be coming out around the
10:51
cryptocurrency space more largely now
10:53
especially that they're very
10:55
more of them - it's the exchange at any
10:58
risk here that's a good question I mean
11:01
it's something certainly that a lot of
11:02
people have been asking about
11:03
we don't really know again that they're
11:06
not trading at right we don't really
11:08
know and there's been some delays and
11:10
questions about whether you know when a
11:12
lot of these exchanges will open
11:13
especially these more traditional
11:14
exchanges right so I mean we'll see what
11:17
kind of risks that they do pose now
11:20
since you've seen that video which was
11:24
posted or December 4th and if you heard
11:28
this lady clearly she said basically in
11:31
regards for the opportunity to show the
11:33
market that you typically were not able
11:36
to short but imagine if you're able to
11:40
have a situation like a crypto currency
11:46
exchange crash right on everything when
11:50
I was on the phone a couple of days ago
11:52
I was speaking to shell and I explained
11:57
this scenario to her exactly I said
11:59
everyone is holding or anticipating a
12:03
run-up in Bitcoin and everyone is
12:05
holding Vikram everyone right that is
12:09
the trend and I sat then I said look the
12:13
the masses more often than not or wrong
12:16
every time right we had the situation
12:21
with Facebook and everybody thought air
12:24
during its IPO when its release
12:26
everybody's gonna buy in it's gonna soar
12:28
people go and get paid and what happened
12:31
was and it was you know initially
12:34
released the price was going down and
12:37
those people who thought that they was
12:40
gonna get that run-up did not get what
12:42
they expected so what I've been doing is
12:46
I've been making sure that the cash that
12:51
I'm able to get
12:54
holdest ash as a just-in-case situation
13:00
because based on this run-up but at the
13:03
same time based on the fact of what's
13:06
going on a bit tracks but not even just
13:08
bit underneath the tracks with salerno a
13:10
bit phoenix but not just with BitFenix
13:12
and tether but the possible insolvency
13:16
of other exchanges the same day that
13:24
this video came out Biffen ex
13:34
December fourth put the cause is a DDoS
13:39
attack a person or group is
13:42
intentionally trying to cause the
13:44
platform to not operate normally the
13:48
level of DDoS protection is being
13:51
adjusted to fend off the attack earlier
13:58
in November tether was hacked for 30
14:03
million tether to tie this in with
14:12
Bikaner when the price of Bitcoin is
14:19
going up it will not outperform in terms
14:22
of the lending platform if you hold the
14:25
coin that could be a different story in
14:26
terms of percentages right what I like
14:34
is the fact that it's a hedge because
14:40
downward trends is also volatility and I
14:47
really really hope that this is not
14:50
happen but everything that I am looking
14:55
at tells me that the possibility is in
14:59
fact is indeed there there's a
15:05
possibility that this futures exchange
15:08
and this is what I said on the follow
15:10
there's a possibility that this exchange
15:13
or this futures market excuse me can go
15:17
live get some people in get some people
15:20
to go some Long's but we can have some
15:23
big money go short and once those people
15:29
those individuals those institutions go
15:32
short
15:33
all you need is for an exchange such as
15:38
the largest exchange in crypto to go
15:44
down and not only will this trigger a
15:49
bad situation because it's the largest
15:51
exchange in crypto but to also have a
15:57
coin in tether that has its tentacles if
16:02
you will in a plethora of exchanges so
16:07
any coin that is on another exchange
16:11
that has a pair with tether is going to
16:16
be affected so this can have enormous
16:23
ramifications on top of the fact that it
16:28
can also introduce this notion that if
16:31
you want to entertain cryptocurrencies
16:34
the place to do it is the futures market
16:37
because you really can't trust these
16:41
cryptocurrency exchanges this is what
16:46
I'm seeing I'm not predicting anything
16:49
because I don't like crystal balls I'm
16:53
only stating what I am seeing but in a
16:56
situation like that if I'm able to get
17:01
it capped 1.5% on the way down
17:11
I'm content with that because this is
17:18
not supposed to outperform Bitcoin and I
17:22
know people were not saying that but
17:26
this is more of a hedge it's more like
17:28
an insurance if you will because on the
17:33
platform you also make money when the
17:37
price goes down as well as long as the
17:41
low is lower than the opening when it
17:44
closes for example so you have that
17:46
ability to gain interest on that how
17:51
sweet would it be to earn 1.5% or
17:55
somewhere close to it if for example
17:58
Bitcoin Falls 10% this run was
18:03
incredible it's not going to last
18:07
forever now I'm not saying that it's
18:10
over but it can have legs just like legs
18:14
here just just like when we thought this
18:16
was catastrophic right and actually this
18:19
is what it was this is this was where I
18:21
got in originally right and then it laid
18:25
dormant for a while and it's set up for
18:32
this
18:35
so that's the case this can't go forever
18:40
it can't it won't and what I'm seeing is
18:47
a recipe possibly for this so I'm just
18:55
making a video because this was on my
18:56
mind and when I seen this video that I
19:00
just showed you guys I had to make a
19:03
video because when I heard what this
19:05
lady said on television I'm like she's
19:10
she is thinking exactly what I said days
19:15
ago based on a video that I did before
19:20
that segment was even made it was made
19:24
three days after I made this video
19:28
Jerry Banfield made a video about this
19:32
subject about two or three days after I
19:35
made this comment and I know I'm not the
19:36
first person to say this I know people
19:39
have said it before you know but this is
19:44
one of those situations that are being
19:50
spoken spoken about but people in the
19:52
community I don't think are really
19:54
paying attention pay attention
20:01
keep running that crypto ladies and
20:02
gents that was always the point to a
20:04
next video
20:05
Jedi meadow
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