💙 All opinions expressed in this video do not necessarily reflect those of an intelligent man.
💰 My recommended exchange is CoinBase - Register using this code and we can both get $10!: http://bit.ly/2hZh8bg
🔒 Recommended wallet is the Ledger Nano S: http://bit.ly/2xeymFX
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☄️ Time-stamps!
2:39 Vibe
3:34 onG Social
4:06 Should You Invest in ICOs?
5:04 COINS!
7:45 Market Update
9:55 My Trading 'Strategy'
10:57 Japans J-Coin Not Happening
13:26 Massive Crypto Hedge Fund
15:27 Security - Please Be Safe
16:04 Another Hardfork Yay
16:57 Sorry, I go off on one again.
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🙃 More of me:
◆ onG Social: https://ong.social/cryptodaily
◆ Steemit: https://steemit.com/@crypto-daily
◆ Twitter: https://twitter.com/Crypto_Daily
◆ Facebook: https://www.facebook.com/thecryptodaily/
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⚡ No donations accepted! But if you would like to support me, please consider sharing this vid. Especially on Reddit if you have an account. Thank you!
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⭐ Links!
◆ How to make money with ICOs: http://bit.ly/2wl6Bu3
◆ Charlie Lee statement: http://bit.ly/2fzfgpy
◆ J-Coin: http://bit.ly/2fPW1EP
◆ Venture Capitalist and Crypto: http://bit.ly/2xBumPR
◆ Important Security Post: http://bit.ly/2xGimyf
◆ Bitcoin Gold: http://bit.ly/2xGGZuJ
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💬 I am not a financial adviser and this is not financial advice. I'm just a humble man with a great passion for all things block-chain, even tangle.
- I know I’ve been talking a lot about Bitcoin recently. There’s a lot I had to get off my chest. Expect it to be the focus of my channel in future, at least when talking crypto. There’s good reason for that. If the crypto no longer needs Bitcoin to survive then that stance may change, but we are very far away from that reality right now.
- Honestly, I could talk more about altcoin news, and maybe will look to do that. But you know the biggest news, that affects ALL of them? Bitcoin news.
- I’m sure a lot of you would like to know what the Metropolis update is going to do for the price of Ether. It depends on Bitcoin. Honestly if Bitcoin is tanking, for whatever reason, and Metropolis is fully deployed on the main net on the same day, judging by charts, it will look like Metropolis had a negative impact on the eco-system.
- But what coins am I excited for right now? Vibe. Vibe just hit the markets. Technically. It’s on EtherDelta. I don’t even know how to use this exchange, it makes me feel like such a crypto noob. Like I don’t even know what coin I’m looking at. If you haven’t done so already, you need to exchange the VibeX you received from the ICO onto their website for Vibe, you can then hold it or sell it on Ether Delta. If you got into the ICO you are up, decently right now. Especially if you got a bonus on your order. Honestly for me, I haven’t sold a penny’s worth. That’s not a recommendation, if you feel it wise to sell now go for it. I haven’t because I have good reason it will do very well. I’ve been in touch with the developers and they’ve told me some really interesting news, I can’t share any of it yet, but I will keep you guys posted. Even if this thing tanks for a while, I’m holding long term. I wouldn’t invest in an ICO if I wasn’t prepared to do that.
- I’m excited about onG. The ICO has ended and it’s a pretty lengthy 1 month later that the coins are issued, I think we have about 3 weeks left. Definitely holding that one long term guys. I have recently seen a prototype for the new UI, and let me tell you, every crypto enthusiast is going to want to use this platform. It is incredible, way better than I could have imagined it would turn out.
- Here’s a good post about how to make money with ICOs. https://medium.com/@Demien/investing-in-icos-and-actually-turning-a-healthy-profit-9a3e3ebaa2b8 A couple of the most important take aways from this article is do they have a working platform? Is the available coin supply ridiculous? How much money are they looking to raise? Who’s in the team? How does the website look? Is their social backing real? Where are they based?
- Some decent projects out right now: https://coinmarketcap.com/currencies/chainlink/ Quality white paper and idea.
- Walton coin https://coinmarketcap.com/currencies/walton/ could see more of a pull back for now however.
- Sumokoin: https://coinmarketcap.com/currencies/sumokoin/ The beginning of a batman head? That’s some technical analysis I can get behind.
- And of course NEO: https://coinmarketcap.com/currencies/neo/ Project is still good, Korean exchanges incoming: https://www.reddit.com/r/NEO/comments/72rcj2/its_happening/ Google trends for searches using NEO in south Korea: https://trends.google.it/trends/explore?date=today%203-m&geo=KR&q=neo
- Is Litecoin better than Bitcoin?
Aside from this being as ironic as Tim Cook saying Apple is better than Microsoft, let’s explore this. Litecoin is a clone of Bitcoin, with 2.5 minute block times instead of 10, a higher coin count, and a new algorithm that was meant to be ASICBOOST resistant, but is not.https://twitter.com/SatoshiLite/status/912926533316108289
- SatoshiLite - In my opinion, it’s better in that it’s a faster method of payment, but in the long term it’s in a really weird spot. Essentially, it’s in the same spot a lot of alt coins are. They need Bitcoin to succeed, but they’d also like to replace Bitcoin as the number 1 if possible. Currently Bitcoin is the test for all crypto projects if a censorship resistant alternative to fiat can work or not. If it ultimately fails, this will prove to many that it can’t work. You’ll lose tons of people in this space as confidence will be blown. Will it be for good reason? That will be up to you to decide.
- Japan to Launch J-Coin? https://cointelegraph.com/news/japan-considers-launching-j-coin-eliminating-cash-before-tokyo-2020-games I think this is what they would like to do, it would save on operating costs. I don’t think this would work for pretty much the same reason as why cheques still exist as a method of payment. The banks wanted to remove cheques from circulation years ago. They’re costly for the banks and slow for us. The reason they couldn’t is because too many pensioners rely on taking these cheques to cash in at the post office or wherever to live. Essentially, they agreed to wait for the older generation to die before they eliminate cheques. So now you want to introduce a system where you need an online device, and can have no handy fit in your pocket fiat alternative? Of course, that wouldn’t work, but a combination of both could easily. Just look at ripple. You’re also giving up control of your money 100% to the bankers, who at the flick of a switch could say you no longer have access to your money. Just look at Greece and Cyprus.
- Big crypto venture capitalists: https://steemit.com/cryptocurrency/@jrcornel/usd500-million-dollar-crypto-hedge-fund-on-its-way
- Here is the story on Steemit of how one of you guys that watches my vids, got hacked on and how to avoid it. https://steemit.com/crypocurrency/@calvinsmedia/how-i-lost-my-first-bitcoin-to-a-hacker-or-phisher If security is a concern of yours I suggest giving it a read and if you found it helpful, consider upvoting or donating to him. https://steemit.com/crypocurrency/@calvinsmedia/how-i-lost-my-first-bitcoin-to-a-hacker-or-phisher
- Another Bitcoin Hardfork, Bitcoin Gold: https://www.coindesk.com/first-cash-now-gold-another-bitcoin-hard-fork-way/ A different mining approach, ASIC resistant? This sounds a lot like what Litecoin tried to do and failed ultimately. Let them fork the network many times. Let Bitcoin Cash get put into the same basket as just another alt coin like all the others. Bitcoin will be attacked like this in future and it will shrug them off.
- The biggest threat we’ve ever had is no longer going to be Bitcoin Cash, you could even say it’s a good thing to help motivate developers for Bitcoin scaling, it is divide in the community about the 2x hard fork. Big businesses are going to support the new chain. Like who? Like Coinbase. This is the reason I thought maybe the new chain is going to get the name Bitcoin. But I’m realizing I made a mistake with that. It likely won’t, we wouldn’t allow it.
- It’s widely stated that Bitcoin Core developers, the ones we have to thank for Bitcoins 100% uptime, were not there. I trust core. Majority of the Bitcoin network trusts core. Bigger blocks are not needed when you have layer 2 solutions. Lightning network comes with its own issues but is the best solution we have without incentivizing everyone to run their own node.