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Was That The Bottom For Ethereum the crypto updates

Hi guys thanks for tuning in to another episode of Nuggets news what a week for a theorem it's been and some interesting action across the market so a lot of green although it's been a bit of a you know week finish over the weekend here the last few hours we're gonna go over all the news dive in and check it out and let you know fantastic trade that on  the crypto updates we put on in the exact thought process behind it so on this day in history 2015 mount Cox founder mark Capella's was charged with embezzlement a lot of you know that story and it's been a year since Jamie Dimon called Bitcoin a fraud and since China and now it's they're gonna close all those exchanges a couple of weeks after they'd been died ce o--'s and this was crazy I was live streaming at the time check that out the thought process at the time because Bitcoin bottomed half an hour after when we were buying it around that three thousand dollar mark so be sure to check that that little clip out and ten years since the collapse of Lehman Brothers and thanks to thanks to the banks and the GFC I guess because personally 

I would have never gone down the rabbit hole in 2009 and thereafter watching all those documentaries if that had not have happened the banks seem to be in the headlines every week in Australia this class action against the big banks basically anyone's money they are looking after that should have been in cash earning a pretty high interest rate in a savings account they were undercutting them and ripping them off you know a billion dollars nothing ceases to amaze me now I guess and what onto those people that have taken control of their own super you know some people with as little as fifty thousand dollars have made that switch through New Brighton capital that we've partnered with in just a few clicks to look after their own super and they're not putting it all in crypto guys and a lot of people have been a bit freaked out you can put as much or as little as you want put the rest in shares ETFs diversify all that sort of thing but chat to the guys there if you're interested so coinbase this week and a few other of the big players in this space pantera capital a few others here you're gonna recognize poly chain capital sorry and digital currency group but basically lobbying and we know how 

Wall Street works government's work so this is a you know has got a lot of people a little bit about is this a good thing that they're gonna be lobbying and paying officials to get where we want making roads in the space who knows guys let us know your thoughts about what we think about crypto stone to lobby the US government now this is a great tweet here from crypto koala so we've been speaking for a while about how that mining got really centralized in bit Maine through this three subsidiaries basically had well over fifty percent at one point I think most go up to is fifty three percent but here they are now you know that's cut right back to about thirty percent so well done to the competition that are bringing out other chips the cost has come down some people are selling secondhand so we really are becoming more decentralized away from being so reliant on China which really was the case and a bit of fear in the market about this time last year when they did have such a high percentage what would happen if they ever got mining down as well as all the exchanges and so on news this week France getting that ICO framework 

so we've been talking about this again about look at the the headline guys attract innovators globally this is exactly that sentence I've been using every country that pushes back there's gonna be another country France is one again a lot of debt you know in the EU there's friction between who's doing what with a central bank buying bonds interest rates and so on one country is gonna say look we want these innovators and it's happening exactly as we expect it so one by one expect that to continue safety sea check so crypto needs this do not do no harm approach you know let's let's take our hands off a little bit here just like we did with the internet and me in the early stages and once again it's the hero that we all love chairman Giancarlo that's come out and said this so let's watch what they do not what they say and hopefully that gets me to follow through overstock letting customers buy Bitcoin via their 

crypto wallet again guys one by one biggest companies in the world starting to get their foot in the door working with blockchain or working directly with Bitcoin and crypto customers want this you know don't listen to what the guys on Wall Street is saying I you know there's no interest from our clients we're not pursuing that anymore watch what these companies you know these tech companies that are open to this technology watch what they're doing it as soon as they start to get those customers watch the banksters and Wall Street comes squirming back to try and get those fees in market share again Malta Stock Exchange signing a memorandum of understanding with by enhance so this is the new hot space guys I am working on the top 10 security tokens projects video which I think is going to be very popular with you guys we want to see these in some big jurisdictions and that's who's gonna win you know once we get an actual security token exchange you know queen bus coinbase start trading or let's see if we get one in Australia or Europe or China 

you know that is going to be huge when we start to move away from these so the smaller countries and that's when it's really gonna blow up so yeah be be selective don't just throw money we don't want to know the security token bubble like I cos last year but the good projects if you can get on board those and I spoke about that in a lot more detail in this week's ask a nugget show if you want to check out more about security tokens Winklevoss brothers launching their stable coin we've seen a couple of stable coins this week on top of the etherium network which is really interesting there's no shortage of stable coins now guys you know that fear about tether really shouldn't worry you anymore there's so many other good ones out there maker and die still my personal favorite i can store that on my ledger i can train and all of those smaller exchanges now raid i really take profits into stable coins and you know you're never touching any traditional financial systems anymore if you want i've continued to talk about that because there's a lot of good 

projects coming up where we can take profits into gold and silver tokens as well again i touched on that a bit in that ask nugget show so great questions from you guys following up on stuff that we've spoken about recently now last week Vitalik came out and said that thousand x growth is behind us and i said yeah that's kind of pretty common sense guys if bitcoin does a thousand x from here it's a two hundred trillion dollar ridiculously high market cap so CCE came out I'm a huge fan of bye Nance I hope they continue to innovate and he said yes the next growth is possible so the truth is somewhere in the middle yes if we in 10 or 20 years time there's probably going to be a handful of projects the YouTube Facebook googles and Amazon's that do a thousand decks but the hard part is speaking what those they're going to be that's why I do so much fundamental research that's why we do it 24/7 in our group hopefully we're picking a couple of those hopefully we're picking a few of the ones that do 100x over the next five years but it's certainly not the entire space and every you know little I'll point out there that's just gonna do a hundred X like some people are promising it's not gonna be that easy investing is not that easy so I think there's definitely arguments on both sides but this wasn't the only big claim this week so we saw a bit pay come out and predict that old coins will never come back so Bitcoin will rebound next year and I think you know definitely that's on the cards and I also agree that some old coins will never recover it's definitely gonna be the good ones I've spoken about it before there's five thousand ten thousand icos whatever it is guys it really is gonna be 99.9% of those are gonna fail but if you do the math that still means that there can be a hundred project succeed and as I say the best 20 the best 10 the best five can still produce huge returns that's why we continually do our fundamentals and stay on top of the news might Novogratz he's been pretty accurate with these predictions and that's kind of wire listen to these guys more than just just randoms I guess Mike's been in aetherium since you know $2 he basically and came out the other day and called the but what he thinks is a bottom they didn't say the bottom he said a bottom so he's you know he wants some sort of bounce in the coming weeks or months and I'll talk about that when we get to the technicals Tim Draper coming out probably the biggest prediction you know 80 trillion in 15 years you know who knows if crypto takes over security tokens take over it's a new stock market of sorts Bitcoin becomes any sort of financial system any of the infrastructure players become a new Internet of sorts then yeah I think we are looking at a number that starts with the T there in the trillions guys at some point in the distant future I've touched on that already for talax hundred ex gains but as he said here it's the adoption and real-world use case which we need to be excited about because if we get a thousand ex adoption people in Africa using Bitcoin on a smartphone and and so on guys price will take care of itself so again be a philanthropist don't just go out there I'm telling everyone that they should download this app and buy and get rich become part of the moment explain to ten people how Bitcoin works and they're more likely to really get involved in the space okay so this is the big story of the week the price action and the theorem and the headlines so you know we saw all sorts of headlines from a theorems dead - you know I cos are dumping and the truth is guys I've sold two hundred thousand eighth in the past month you know some headlines saying bigger and smaller the truth is that is just a fraction of all the eighth out there so you know that can be a good or a bad thing the point I want to highlight is that that's it's not every ico dumping a heap of a theorem that has driven the price down it is like everything it's the fear and the sentiment and a lot of other people probably selling and you know people using margin on bit mix has been in the news so there's so many contributing factors you can't just say it's i co selling when the numbers say that they've sold less than five percent of all their etherium now this numbers wrong here guys that's got one nine too many dgx have not sold a million theorem that would be two hundred million dollars so they've sold you know maybe about twenty million or so we knew that vote was coming if you follow digits and their dow and how that governance work but this presents opportunity have a look at the projects that have got a lot of a theorem and a lot of runway now it's different to stocks good comments from you guys it doesn't mean that it's a guaranteed thing it doesn't necessarily put value in the shares or the token but it gives you an idea of how much runway that I've got left how much are they spending you know did they sell no ask questions jump in the telegram and I've heard some pretty horror stories from some projects and even a couple of Australian ones that are smaller that raised you know tens of millions of dollars six months ago and I've already run out of money guys you've got to be asking the hard questions looking at the Matt put it to the team and you've got that power to do it and the more that projects are transparent you know the better in this space demand that of them a lot of great articles on medium checkout reddit with a lot of them are posted there guys but all the scaling solutions that are coming I've spoken about this a lot but we had a new one this week so mosaics I'm not going to dive into it too much guys but another layer to solution for sharding the actual tokens themselves and again a lot of these projects that claiming all these things in white papers theorem gets you know bashed for you know a lot of this not happening for another year or 2020 or whatever but the fact these guys they are doing just about everything that a lot of other projects have promised but everything takes time now during all these saw these headlines yes there was a bloodbath so a bit of tongue-in-cheek there guys you know I was just so sick of reading blood in the street so blood on a theory I'm Esplanade that to me is when you want to be starting to look the other way as I said guys when there is blood and everyone's fearful and did the ephyra Network get hacked or is you know is there a bug or anything like that guys no this is all just price action White's down 90% and that's what presents opportunity so that's why I put this tweet out guys about scaling you know DEFCON fours a month way now tickets already selling out fast theorem futures you know you can argue if that's good or bad you know Bitcoin ran up in anticipation of that happening and then it's gone down ever since look I think Bitcoin was overvalued I don't think it was the futures and the volumes on those futures aren't enough to affect price they're not even trading real bitcoins again I'm gonna explore that the topic of rehypothecation and derivatives versus actual Bitcoin and how the more I think about it guys the more Wall Street does not matter one iota sorry pardon the pun I really think that people are riding off a theorem too quickly look at the stats we know how many projects are either directly or indirectly working with a theorem or a RC 20 and their projects I SEOs are still gonna raise money in some capacity in the future and etherium has the most notes 14,000 decentralised Vita