#i have literally eleven million things to post today so we’ll start with this and chapter 10 of wthsystiwylti | Explore Tumblr posts and blogs

newobsessionweekly · 5 years ago

Text

You are my home

Miguel Bernardeau x reader

a/n: I’m back bitches 😂 Yeah so I hope you like it. It’s the second part of ‘Be my home’. It took me ages to finish it, but I loove it. Anyway, enjoy it and tell me what do you think. 🌿❤️

Y/n is still adjusting her life in Madrid. She finds it a welcoming city, with smiling people immediately accepting her and embraced her with so much love. It’s not different from Seville, it has the same vibe; maybe Madrid is bigger and more modern. In Seville she was living her historical story, waiting for her Prince Charming, riding a white, beautiful horse and immediately falling for her. But instead a Prince Charming, she bumped – she literally bumped – into a blonde guy, with blue eyes, more restless than the sea on a stormy night and beautiful little freckles painting his skin.

Miguel is the best thing that happened to Y/n, that’s what she’s been telling him and everyone. She had the opportunity to glow up thanks to him, and because of him, Y/n had seen so many interesting places she always dreamed of. She was there for Miguel and watched him became the successful and adored man he is now. She knew he is working so hard, even before they moved together, but now, having the chance to see him the first thing in the morning and the last one late in the night, she understood that she didn’t knew even knew half of his hard work. He wanted to hide it from her, he wanted Y/n to see him only smiling, joking and only when he’s been able to show how much he loved her.

But the love for him only grew stronger. First night he had came home exhausted since they moved in, and tried to ignore her, not wanting to taint her with his tiredness and negative thoughts. Despite the fact he pushed her away, Y/n didn’t allowed him to distance himself too much and wrapped her arms around him. They just stayed in the middle of the living room, on the floor, hugging each other and creating a bridge so that their feelings could melt into each other’s. That moment, he understood that his pain, tiredness and negativity would go away with only one touch and wave of her magic hand. She brings so much happiness in his life that Miguel really wonders all the time if she’s got any left.

Their house is literally a living hell, with all the windows wide open and the heat felt all day long that hasn’t decreased even a bit. Madrid is a city of extremes when it comes to its climate – cold in winter and swelteringly hot in summer. And today is no exception. Y/n felt like melting in their own house, no air conditioning working and too much humidity flying around. Ten post meridiem, the city has no intention on standing still, while Y/n – with her legs crossed beneath her small body, in front of her laptop – tries to wipe away the sleep.

She’s been up since Miguel left for work early in the morning and hasn’t closed her eyes for even a minute. Working from home has its ups and downs, but she didn’t have the chance to it too much, moving in with Miguel was maybe too sudden and rushed for Y/n. She don’t like being closed between four walls seven days a week, in Seville she preferred walking to her office, grabbing the coffee she loves from Starbucks and – the most exciting part – choosing the perfect outfit. Y/n’s agency has no subsidiary in Madrid, so from the distance she still runs the one from Seville and it’s even harder.

During the dog-days of summer – which she is somehow surviving – her only concern is Miguel. He’s working hard and though he doesn’t have more scenes to shoot, they are all located under the ruthless sun of Madrid.

Focused on finishing the assignments for today, Y/n is no longer paying attention to the noises around her. She got used to the loud engines running down the streets and the restless dogs around the neighbourhood. The door unlocked and opened at Miguel’s gentle touch and as soon as he saw Y/n concentrated on the little screen in front of her’s eyes, he took as long time as he needed to observe her. Standing on a bar height chair at one of the counters with the kitchen’s door wide open and the wind blowing like crazy through the house, he found her hotter than ever, even hotter than the weather outside and there are only a few things that can beat that up.

“I’m home!” Miguel announces himself and takes his shoes off as she switched her eyes from the laptop to the clock that indicates eleven and five minutes already.

“Kitchen!” she called and stretched her back as he walked into the little kitchen.

Y/n smiled instantly at the sight of him. Miguel is beautiful, even with his head shaved and his tired eyes; he has that magic vibe constantly circling around and with a small, weary smile, he could light up everyone’s day. Her day is certainly better now.

“Hello, lovely!” Miguel greets and she sits up to wrap her arms around him tight. Their bodies connected like they are made for each other and all the heat and worries that bothered both of them through the day, disappeared as soon as they touched. His hands runs down on her exposed skin, making her shiver of longing and desire.

“Hi, handsome!” Y/n pulls apart from the hug just to get up on her toes to face him properly. Miguel is tall, Miguel is a giant to her and Y/n loves that. She loves to feel his big arms wrapping around her waist or to rest her head on his big shoulders. His hands stops from aimlessly wandering on her back and holds her tighter as she presses her forehead on his and smiles bright at him. Miguel smiles back and soon enough ends the teasing game she’s been playing and their lips touches and dances in a passionate waltz.

“Quite interesting the clothes you’ve chosen to wear today!” he teases her and slowly moves his hands up and down her spine making her shiver under his touch. Miguel is not used to Y/n walking in bra and shorts around his house, though she told him she has this habit back at home. He could just imagine her, with bare foot circling the apartment and the sun shines caressing her uncovered silhouette.

“I’m sorry, I’ll go get changed immediately. I thought it’s a good idea since you’ve been gone all day.” Y/n agitatedly stepped back from his touch and turned around to find her way, still dazed from the staggering feel of his fingers tracing the shape of her. He just stares at her with a stupid smile on his face – the reality of her wandering partly naked on his house is even more intoxicating than his imagination.

“No, it’s fine. I’ll get changed.” Miguel stopped her and under her beautiful eyes, he quickly crossed the living room. As he entered the bathroom, he slowly stripped the clothes he had been wearing all day and kept only his boxers. “We’ll have dinner in underwear. It’s gonna be fun.”

He wickedly smiled and abandoned the items on the floor as Y/n shakes her head. It’s a bad habit Miguel has. She doesn’t say any word about it because she knows how tired he is and the always-on-the-run life doesn’t have ‘orderly’ as synonym. Miguel turned to grab one beer from the fridge and rested his body on the window frame as he lighted up a cigarette and placed it between his fingers.

„Sorry I missed lunch, I’ve hangout with the boys. Are you upset?”

Miguel is concerned because Y/n looks tired than usual. Holding still a business from more than five hundred kilometres away is hard and she’s a hard worker. Y/n is working since sunrise until sundown with only small breaks and few bites of leftovers. Due to the fact of their busy lives, they are trying to spend any pause together, talking about everything, sharing their feelings and thoughts.

„No, no!” she shakes her head and turns to look at him while extinguished the cigarette and scrolled down his phone. ”I’ve got some work to finish anyway.” Y/n yawned and stretched her back.

„Oh, do you want me to help with dinner?”Miguel asked as he approached her and caressed her arms. Small drops of water start to hit violently the ground as a chilly wind invades the kitchen.

„It’s ready, I just need to set the table.” Y/n shakes her head and closes the laptop, reaching the cabinet for some plates.

„It’s fine, I can do that.” Miguel pushes her away and moves back and forth through the kitchen to set the table for them. At least that he could do for her. Y/n kisses his cheek on her way to close all the windows from the house and as she trapped over his t-shit – soaked with his cologne and a scent of body perfume – she covered her body with it.

„Thank you,love!” as she returned to the kitchen, the table was already arranged and ‘Fideuà’ is already on the plates. Y/n sat down in front of Miguel and started eating the large amount of noodles and seafood. “So, how was your day?” Miguel smiled at her, chewing before grabbing her free hand, intervening their fingers.

“I had a good time with the boys outside the set. They all miss you, especially Omar.” He laughed, playing with his fork. “We should go to the club soon. I think Arón said something about going to some club this weekend. We’ll see. How was your day? ”

“Gladly not as boring as the other ones.” Y/n chuckles and lifted her feet on his lap under the table. “I was around at María’s place.”

“María Pedraza?” he asked, surprised by her words. Not that it is a bad thing that they spent some time together – in fact María is one of his dearest friends and she likes Y/n really much – but he knows María is filming for a new Spanish TV show on Netflix in Marbella.

“No, no! Our neighbour. Only two houses down the street.” She is trying to explain him, but he’s paralyzed with that questioning look stuck on his face. He doesn’t know what to say or how to act, a million of thoughts flying inside his head, not knowing which one he should listen to.

“What?” he absently plays with the fork in his plate.

“Yeah, yeah.” She swallowed the food before speaking again, with her eyes searching for his, wondering what was going on with him. He knows her – Y/n is very sure they are friends, she saw them talking several times – but the lost look on his face and the distance he took after hearin her talking, made her thinking it was a bad idea telling him. “But she’s really sweet. I had a great time there, and Marco, the little one, is so smart and fascinating.” She smiled under his sight and continued: “She told little stories about when you moved in and-”

“What did she said? What did she said about me?” Miguel interrupted, agitatedly looking at her. If she’d knew, she’d be mad at him, but Y/n is all a smile and really showing she had a great day, killing the boredom socializing and it was good for her. But he couldn’t accept her hanging out with María.

“She said nothing. Is there something to say? Or more precisely, to remain untold?” Y/n placed her fork at its place when she stopped eating because the lump from her throat grew bigger, and watched Miguel as he sat up and walked to the window to light another cigarette.

“There’s nothing to be said. I just don’t like you hanging out with her. So please don’t do that anymore.” Miguel took a sip from his glass of red wine and looked at her between his eyelashes. He is speaking calmly, showing off a blank expression and trying not to make a big deal from this situation. She’s a grown up, she will understand that – or at least that’s what he taught.

“What?” she stood up from her seat and, confused, and shakes her head in an attempt to clear her head and understand better what he just said. But there’s nothing better to understand, there is no other implied in that sentence. “You can’t be serious.”

“Yes, I am very serious. I don’t like her, you shouldn’t be spending time around her. She’s not a good influence. ” Miguel explained and his hand moved up and down at his every word. He extinguished the cigarette on the window sill and threw it outside as he finished his drink.

Y/n doesn’t have many friends here in Madrid. Between arranging her life in the new city and maintain the order in the office from far away, she hasn’t found any time to make new friends. Her best friends are spread into the world and they barely have time to see or talk to each other. So the only friends she’s got in Madrid are Miguel’s friends and she feels the need to have her own friends. Spending some time with María – the only girl around her age in the neighbourhood – made that place feel more and more like a home. Being away from Miguel, even for some talks, felt right and like a breath of fresh air.

“Ah, your friends got the best influence over you, right? Your friend Omar influenced you to start smoking and Arón convinced you to try those shitty things, that joint that made you threw up a whole night.” She frowned and crossed her arms over her chest as a defence. Y/n’s voice is a little bitter, but the last thing she wants is to offend him and his friends.

“That’s not the same! I did that because I wanted to for a long time. They just gave me some courage. Besides that, why are you attacking my friends? You like them!” Miguel pointed his finger at Y/n as he grabbed a beer from the fridge.

She loves Omar and Arón. Omar in fact is one of her closest friends, she trust him almost as much as she trusts Miguel. Y/n knows that they have their best intentions, she doesn’t have the right to make comments to their address, but she’s hurt. His words hurt her pretty bad, the fact that he’s telling her with whom she should be spending her time, it means only that he thinks she’s not capable of taking care of herself. She’s a grown up, she moved all the way from Seville through Madrid and now it’s not the time to let her guard down and let him telling her stuff like that.

“Yeah, I like them. Also I like María. You like her too, you talk to her sometimes!” Y/n lifted her hands and let them down again in frustration. She shook her head at him and turned to admire the street lights and the empty road beneath them.

“No, I just talk to her so that she mind her own business and stay away from you.” He’s very free and easy despite the shocking words coming out from his mouth. Y/n felt nothing but astonishment and anger increasing in her body. They haven’t start to yell at each other for now, but she’s couldn’t make any promises.

“You told her to stay away from me? Why would you do that? I can take care of myself very well, you know!” Y/n looked him in the beautiful blue eyes that she fall for. She find them calm and softening despite the fact that they look nothing less than restless as the ocean itself.

“She’s a fucking whore, Y/n! She doesn’t even know who’s the father of that child!” Miguel’s voice suddenly sounds louder and annoyed and Y/n could do nothing than feel her chin dropping. Miguel is the sweetest person alive and she never saw him losing his temper. Even of the screen, he found it hard to get mad, shout at one of his dearest friends and fake a fight. They don’t usually fight and even when they do, everything is so calmly and calculated. His burst made her step back a little and look at him.

“That’s not true. Maybe yes, she’s got several boyfriends, but that doesn’t mean she’s a whore.” She felt the need to defend her though they’ve been knowing each other for maybe a few weeks. But how he could talk like that about her?

“I paid to fuck her, Y/n, trust me, I’m not talking in vain!” he shouted and it was too late when he realised the actual words that came out from his mouth.

The house filled with a deafening silence, only the clock’s ticking is animating the place now. Y/n has her eyes fixed on an invisible spot somewhere on the floor, words couldn’t find the way to came to the surface. Her face is blank for the first time tonight and Miguel can’t read any emotion. He could see the bright happiness that was painted on her face the moment Y/n saw him home, slowly fading away and melting with the confusion and anger. He wanted anything, to scream, to cry – well maybe not to cry – to see her face turn red and even see her showing off the disappointment he knows she feels right now. But it’s torturing him to see the woman he loves, standing silent in front of him, thousands of thoughts running through her mind and not knowing what kind of thoughts.

Miguel tried to reach her hand, but she stepped back and looked him in the eyes. She’s not crying, she’s not screaming, she’s just digesting the news with an indescribable calm. Miguel on the other hand, wants to shake her shoulders, to beg her in his knees to talk to him, to kiss her worries away. But he knows best it’s better for the both of them if he wouldn’t cross the line.

“I’m sorry. It’s not like that. It’s-“

“Hold it. I don’t want to hear or see you right now.” Y/n raised her hand and placed it in front of him, blocking the visual contact. Although she interrupted him, he wasn’t mad. At least he received some comunication from her side.

“It was a long time ago, before I even met you.” Miguel tried to explain himself, biting his lower lip desperately before he would find out what could possibly mean the fact that she doesn’t want to see him.

She hasn’t tought properly before she opened her mouth and let those words out. Indeed, Y/n does want some space and some silent place to think and think before she could talk to him again. But here in Madrid she doesn’t have anyone. She’s been out far too few times to know where to go and she’ll get lost immediately. She can’t go anywhere than the little market down the street all by herself and that made her angry.

“It’s fine, Miguel.” she talks softly and delicately squeezed his cheek. “I don’t want to see you right now, ok?” she smiled sweetly at him before sidestepped Miguel and grabbed a bag of gummy bears from the shelf.

Miguel should have shut up from the first place or shouldn’t have let her go that way. He should’ve said something, anything, he should’ve explained her about all that. It was about when he first started to work at the Elite project, it was just a one time thing. He paid for her services one time, when he felt lonely and so pissed that he couldn’t get one specific scene right. But soon enough, Miguel met the girl that changed his mind, the girl what was beside him for the day one and showed him a kind of love he never thought he would ever experience. He doesn’t know if she’s the one, but he does want to make things right. He wants her to be the one.

While he was trying to figure out the best way to explain her everything, Y/n was watching the ceiling with the bag of gummy bears beside and quietly playing on the background some random episode from Elite. She’s not mad at him. It would be stupid for her to be mad for every girl he dated or fucked in the past. She’s just having a hard time, staying to much locked in the house, working and keeping the house, it’s getting her on the verge.

Is she mad at him? Of course she is. He interdicted her to see someone, he’s being unnecessary protective over her and he don’t trust her enough, maybe, to know that she’s not going to did something like that. Is she hurt? Maybe she is. Maybe she is because she doesn’t know if that happened before they met, or after or maybe if it’s still happening.

Maybe she wouldn’t even care if he just fucked her; maybe she would’ve agree to him to not hangout with that girl again if he have had just told her that she’s an ex. But he told her he paid to fuck her. That’s what had shaken her. How could’ve done such thing? It would take just a little bit of respect from him to not buy a girl’s intimate parts. He didn’t treat that girl with the respect she deserved, maybe he’ll treat Y/n with the same lack of respect at some point.

Her eyes are hardly staying open and she can feel her body slowly beginning easy. A soft blast of cold air scattered into the living room and made her curl up on the small white couch. This room is her favorite, all white and black, they are the only people that could bring some colour into it. She loves it because it’s usually her office and every time Miguel enteres the room with a plate of food, it reminds her that the days, however bright or dark, she’s going to have him, the most important colour palette to animate her life.

When he entered the rood after he knocked a little on the door, he found her standing on the couch, her back facing the door and some episode from Elite playing on the TV. He smiled a little at the sight of her admiring his work. Elite is one of her favorite TV show, she watched it three times and never got bored of it, not a single time.

As he silently approached the couch, Miguel saw her beautiful eyes siled and a frowning painted on her angelic face. Although both of them are a restless whirligig spinning around all day, she has the most peaceful and motionless sleep. She’s not moving, and she’s barely breathing; Miguel on his late nights with no sleep, likes to stay as quiet as possible and listen to her quiet breathing. Y/n is an angel moving,is an angel sleeping, is an angel existing.

But he couldn’t just stare at her now, he couldn’t let her sleep on the chilly couch, curled up in a ball to warm herself. He tapped her shoulder repeatedly until Y/n slowly opened her eyes. She looked at him confused, and then it hit her – she fall asleep on the couch.

“Let me get you in bed, amor. Alright?” Miguel wrapped his hands around her little body and carried her through the house. Y/n rested her head on Miguel’s shoulder and slowly but surely she understood that her place is inside his arms.

Y/n is not mad anymore. Y/n is not angry at him, she’s just tired, she’s had a long day and all she wants is to stay inside his arms and fall asleep properly. She loves him very much and wonders every time if he’s the one. Maybe he is, maybe she wants him to be the one. Maybe Y/n and Miguel are made for each other, or maybe she wants to believe that way.

“I’m sorry we fight.” sleepy, she placed a kiss at the base of his neck as he opened the door of their bedroom and placed her gently on the bed.

“I know I am a jerk sometimes. I’m sorry I said that kind of things to you. You can hangout with whatever you want, amor. I am sorry.” he sat down next to her and wrapped his arms around her cold body, in trying to warm her. Miguel ran his hands up and down her back as he placed a kiss on Y/n’s forehead.

“It’s okay.” she yawned and sticked closer to his body. “I love you, you know? You are my home. You could’ve told me nicely the reason you don’t want me to hangout with her and I would’ve understood.”

“I know. I am sorry.” he keeps her closer to his body. “I love you too. Very much actually.” he chuckled and rubbed his nose against her neck.

————

tags: @ang-26

#elite #netflix #elite imagine #imagines #miguel bernardeau x reader #miguel bernardeau imagines #miguel x reader #miguel imagines #miguel bernardeau #miguel #elite cast imagine #be my home #you are my home #aron piper #omar ayuso #elite fan fiction #fan fiction #miguel fan fiction

95 notes · View notes

deadcactuswalking · 6 years ago

Text

REVIEWING THE CHARTS: 1st July 2018

Just a shorter episode today, hopefully. As long as it’s 1,000 words I’m fine with making a lower-effort episode after a busy week of doing other stuff like BLAST TO THE PAST and promoting my mixtape. This has kind of fell in my priorities since, but I’ll still try and make something of an interesting read with the five new arrivals we have, and all the other antics.

Top 10

Well, we have another new number-one this week, topping the charts at its fourteenth week here! This one’s “Shotgun” by George Ezra, which I believe is Ezra’s first ever number-one, so congratulations, even if the song is much less deserving than, say, “Budapest”.

This means that the song “Solo” by Clean Bandit featuring Demi Lovato has been hit a spot to the runner-up space, number-two, but I have a feeling it will rebound.

“2002” by Anne-Marie won’t freaking go away at number-three. It’s been steady for weeks now, please drop or climb sometime!

Former #1 “I’ll be There” by Jess Glynne has not fulfilled its promise by staying at number-four.

Oh, yeah, and we also gave XXXTENTACION a top-five hit, as “SAD!” crawled up a whopping 26 spaces to get to number-five, after UK chart rules started to include YouTube video streaming, conveniently right at the time the video for X’s track dropped. I think this may mean more new arrivals each week, so prepare for that, but we’ll see.

“If You’re Over Me” by Years & Years is up two spots to number-six, and will go into the top five once the album releases this week.

“Better Now” by Post Malone is now down a position, probably due to “SAD!”, to number-seven.

“I Like It”, however, by Cardi B, Bad Bunny and J Balvin is climbing up higher – it had a one-spot boost this week and is now at number-eight.

“Leave a Light On” by Tom Walker is down two spaces to number-nine, but will rebound because I heard it on another advertisement and that’s how this song gets plays.

Finally, just like last week, we have “One Kiss” by Calvin Harris and Dua Lipa staying at the final spot in the top 10.

Climbers

Other than “Rise” by Jonas Blue featuring Jack & Jack up five spots to #12, most of our big gainers this week are for cloud or emo-rap artists, including Juice WRLD, whose “Lucid Dreams” got a five-spot gain up to #18 (I called it!), Post Malone, whose feature alongside Preme on Tiesto and Dzeko’s “Jackie Chan” got a big 15-space boost up to #20, as well as the late XXXTENTACION, who got some more post-death streams, landing his two other songs that entered the top 40 last week in higher peaks, the highest being “Moonlight”, up 15 spots to #17, and the other being “changes”, which although latching on nowhere near as well as “Moonlight” and “SAD!”, is still up 11 spots to #22.

Fallers

We don’t have many, but the ones we do have are massive, and mostly for bigger hits that served a long time in the top 20. We have Ariana Grande’s “No Tears Left to Cry” taking an 18-spot leap down to #23, George Ezra’s “Paradise” being clearly drowned by his self-competition, jumping down 17 spaces to #29, joining “Love Lies” by Khalid and Normani down eleven spots to #33 in the group of bigger tracks that took giant hits. “Bed” by Nicki Minaj featuring Ariana Grande is also down ten spots to #30, and “This is Me” by Keala Settle and The Greatest Showman Ensemble is down five spots, now at #35, and hopefully exiting soon.

Dropouts & Returning Entries

We have quite a few new arrivals, so naturally there were some drop-outs to let the entries come in, including Ziv Zaifman, Hugh Jackman and John Williams’ “A Million Dreams” from The Greatest Showman, dropping out from #37, “This is America” by Childish Gambino featuring Young Thug dropping out from #39, “Lullaby” by Sigala featuring Paloma Faith collapsing and dropping out from #21, alongside “Bad Vibe” by M.O., Lotto Boyzz and Mr. Eazi out from #29. “In My Blood” by Shawn Mendes has also ended its decidedly decent run, as it has dropped out from #38.

In terms of returning entries, we don’t have any, but we do have sudden gains for a lot of songs that have been bubbling under the top 40 for a while, so let’s start talking about the new arrivals.

NEW ARRIVALS

#40 – “Ring Ring” – Jax Jones featuring Mabel and Rich the Kid

Okay, I’m sick of this Jax Jones dude and his bland production, pointless producer tag and stupid sweet-wrapper album covers. Everything he does, including this, just feels so cookie-cutter and aggravatingly bland somewhat-danceable pop music. This, however, is a bit more interesting, as it combines dancehall girl Mabel with trap-rapper Rich the Kid – which has surprisingly happened before on a remix of Rich’s “Plug Walk” – however, it somehow makes the interestingly-distorted vocals from Mabel, which are delivered oddly sensually for a song that’s otherwise really annoying, with its vocal sample in the drop and skittering trap hi-hats that do little but make Rich feel more fitting (it doesn’t work), boring as all hell. This is dancehall, EDM and trap-rap combined without any of the soul, energy or passion that people like Sean Paul at least had when they combined hip-hop with reggae and dance. With Rich the Kid’s tacked-on, phoned-in (quite literally, it starts with him talking about someone calling him) non-presence of a verse, this just feels like a cluttered monstrosity of different minimalist genres that mesh together to create nothing but rubbish chart fodder. I’d say I expected better from everyone involved, but then I’d be kidding myself, and I don’t exactly believe Rich and Jax are even close to how talented Mabel is.

#39 – “Nevermind” – Dennis Lloyd

Wow, you guys just want to give me the bland, inoffensive schlock today, huh? This is Dennis Lloyd, guy with a moustache and a dream – except the moustache is the only thing he deserves to succeed. This dude has the least presence and charisma out of any singer I’ve covered here who doesn’t consider themselves a rapper, and the unnecessarily heavy bass, repetitive and boring hook melody, basically non-existent guitar strumming, weak and fake finger-snaps, the dreamy synths that add nothing at all to the song other than just making it more of a waste of time. This song is only two minutes and 36 seconds, and it’s 80% that simplistic, monotonous hook. I’d say it’s much of a muchness, but it’s not much of anything at all except that damned hook, which is repeated ad infinitum, like an earworm that develops into a full-on mantra that will haunt your nightmares. I mean, it’s not that bad, it’s just so lazily and sleep-inducingly awful that I have nothing to say about it other than the fact it’s snooze-worthy.

#36 – “APES**T” – The Carters (Beyoncé and JAY-Z) featuring Migos

Offset and Quavo don’t have verses. They just provide ad-libs. Biggest musical mistake of the year, probably! Offset would have killed this beat, and Takeoff isn’t even there at all. What’s the deal with that? They’d do better than Beyoncé, of all people, who is sloppily trying to stay on beat (why are we autotuning Queen Bey and letting her make trap-rap ad-libs again?). There’s also this really annoying synth in the beginning that Quavo just repeats “yeah” over, that’s kinda pointless. The pre-chorus from Bey is decent, but her verse just feels kind of boring, as does the hook, right before JAY-Z comes in to kill it like he nearly always does. It’s not incredible bar-wise, but it’s damn tight mainstream brag-rapping – sadly, he has barely any time on the track compared to his wife, as he desperately tries to get more words in edgeways during Beyoncé’s second verse, where he’s resorting to ad-libs behind Bey’s faster flow. Also, it’s kind of awesome that JAY-Z just disses anyone he can right now, because he can definitely get away with it. I don’t know, it’s just kind of cool how there’s no holds barred for him anymore.

It’s not a bad song by any means, but disappointing from three of my favourite urban and hip-hop artists right now – JAY-Z, Beyoncé and Migos. Speaking of Migos, actually, our next song is a much better example of a trap banger.

#34 – “Taste” – Tyga featuring Offset

I rated this a six out of 10 in a rate a few days ago and, well, I didn’t really want to give a paedophile and a homophobe any more credit, hence why I didn’t give it a seven, or even eight, but now, it’s grown on me so much that I can just say I kind of love this.

I love that vocal sample, with the vocalising sounding pretty great behind the subtle bass and piano loop, especially when the vocalist goes into his falsetto. Yeah, I don’t really believe what Tyga says about all his gang activity, because he’s not threatening at all, but when the beat cuts out, he has nice enough lines to make it not seem pointless and anti-climactic. Oh, yeah, and this hook? Catchy as hell. The whispering of “taste” is sensual and kind of creepy, but I frankly don’t care, especially when Offset comes in and kills it, once again – seriously, this dude’s great, and his flow and delivery is always so slick, and it’s proved here. Also, Tyga just sings a bunch of nonsense at some point and he somehow gets away with it because it leads into the chorus well and is apparently a reference to rapper A.E.’s catchphrase (thanks, Genius)? Yeah, while there are some questionable moments, this is a relaxed yet still exciting banger from the dude who made his album art a naked furry tiger lady monstrosity this same year and (Offset!), who apparently has access to pterodactyls, spaceships and Ric Flair (who he actually does have access to; he got him in a video more than once). Maybe that’s why I love Offset – for his goofy personality but how he confines it into such sweet, chill verses, kind of like MF DOOM. Sorry, I’m going off on a tangent, next song!

#32 – “Only You” – Cheat Codes and Little Mix

I was dreading the day I’d have to talk about both of these groups, because I really hate everything they’ve made. Little Mix are either infuriating, confusing or boring with fantastic singers, while Cheat Codes are bland but usually okay production-wise with an awful lead singer, so I guess it’s like the Chainsmokers collaborating with the Chainsmokers when they’ve got a featured singer.

Oh, yeah, this song? It sucks. It’s boring. It has some guitar strumming and simple synth bleeps but they mean nothing. All of the Mix singers are great, as always, but they feel wasted (once again, as always) here, because they don’t really get to burst too soon, which is what I like about their voices – when they belt, they can belt damn well, and I feel it’s just very underwhelming when instead, we get an ugly drop and harmonising from the Cheat Codes singer (in a falsetto at times) in the second verse, which just kind of hilariously proves the landslide in quality between people like Perrie Edwards and people like Trevor Dahl. It’s just kind of short and uninteresting, but what did I expect from Cheat Codes and Little Mix? Not much. Not much at all.

Conclusion

Best of the Week goes to Tyga and Offset for “Taste”, with Honourable Mention not being served, rather a double Dishonourable Mention: “Ring Ring” by Jax Jones, Mabel and Rich the Kid, tied with “Only You” by Cheat Codes and Little Mix. Worst of the Week easily goes to Dennis Lloyd for “Nevermind”. Knowing my luck, that’s going to be a hit. Delightful. See you next week.

1 note · View note

jeffrmayhugh · 5 years ago

Text

Latest Bitcoin Price Predictions, Gold Vs Bitcoin, 25 Million Unemployed & Block.One EOS Votes

VIDEO TRANSCRIPT

Hello, everybody. Welcome back. For another. Video. Hope you’re all doing well and that you’re all having a great day to start things off. The Bitcoin price slipped below 7000 U.S. dollars yesterday after failing to surmount these seven thousand five hundred dollar level for the third time since the crash of the 12th and 13th of March, which is a date or dates that we continuously popping up over and over again. The unprecedented correction in the crypto markets at this time said Bitcoin plummets to three thousand seven hundred dollars and hours. Peculiar, literally not a word you see often peculiarly peculiar. This came as a traditional stock. Markets also experience an equal and painful drop in the near term. It mecs CEO author hase expected the top cryptocurrency to revisit the three thousand dollar levels again as crypto markets puke again in face of 19, governments are unveiling several stimulus packages to cushion these slowly weakening global economy. The U.S. in particular has launched trillion dollar bailouts, which even include checks to citizens. In a recent blog blog post blog post, Arthur Hayes notes that all these solutions will eventually favor Bitcoin in the long run as it is the hardest form of digital money. The U.S. dollar, on the other hand, will face an inevitable collapse due to the unending money printing. Hayes reiterates the widely known fact that as the U.S. prints a lot of money in an effort to monetize the government’s debt, the dollar will collapse and inflation will be prevalent at the moment. The number of above but dub dub, dub dub chopped NASA all about a lot of gloom and doom. The point is, for some reason, I wonder why the last couple of weeks as we’ve seen a declining global economy. A lot of people are trying to or rather have set their gaze directly upon Bitcoin, not even that they’re trying to do something else. They have tunnel vision focusing directly on Bitcoin and exactly where it’s going to go. What do we see now? And the pattern that I am seeing is that apparently after we have been unable to pass by the I think a seventy to seventy three hundred was also a very big number. For some reason we couldn’t stay above this. We kept on going down, up, up, up, up, up, over and over and as we could not get by seventy five hundred and of course logically also not seventy seven hundred and bitcoin has fallen below 7000 that it appears. What’s the guy’s name. Arthur Hayes. Almost as something else was a singer. I’m pretty sure that was a singer. It sounds like a singer. Apparently a lot of people, and not just Mr. Hayes here all believe that bitcoin is poised for a drop of the kind of drops I’m hearing are anywhere between five thousand three thousand thirty five hundred sixty two hundred. Give or take. But then apparently afterwards there will be a a bump back up, if you will. This is kind of news all over the place. I guess Arthur Hayes has become rich enough within the cryptocurrency space that when you say something, millions of other people write articles about you because they take your word for a law. No one knows how realistic a drop back to 3000 is or nonetheless a five thousand or fifty five hundred or even directly a six thousand dollar price of bitcoin is once again. It’s more like a.. And remember I said this before in other videos as well. Not to discount or count out these people, it’s more of a you can say whatever predictions you want. And if they end up coming true, you can then go see. See, I told you that would happen. But when they don’t happen, especially around the specified time and or date, I. This this this drop is supposed to be happening within the next. Or weeks the. The predictions that we’re seeing. And if they don’t end up happening, you can simply just make a new prediction and people will have forgotten about the other prediction because that’s how predictions worked. He also predicted. That after the dip that bitcoin will push back above or to twenty thousand dollars this year. This is something that we’ve also heard fairly often amongst. Not professionals and big, big, big, big money people within the cryptocurrency space that there may be a dip or it looks like a dip could be coming or prices could be going down, which could also just simply be something inside of their heads that’s telling them that the Bitcoin price has to drop alongside the traditional stock market as we know that we’re going to see a further drop in the stock markets. And if we don’t, I mean, listen, we won’t know that the stock market is manipulated. So that’s kind of neither here nor there. The point being, the one thing that kind of holds true amongst all of these predictions is it’s everyone likes everyone. Every prediction thus far has noted that Bitcoin will slide down a bit, which is kind of nonsensical, because at some point Bitcoin is going to fall down in price, whatever the second point being. Is that during the rest of this year, Bitcoin will make a move above ten thousand fifteen and then subsequently hit back to twenty thousand. I’m not so sure about that fifty thousand dollar bitcoin this year. Who knows? Weirder things have happened within the bitcoin space. That would be a 10 x from where we currently are. Ish. 9 X when? In 2017 we had a. Twenty point five X. Anyway, we’ll see as time ends up going on and tying directly, they are tied at the foot with all of this. Peter Schiff, a well-known economist and renowned author, I wouldn’t say that renowned author has taken another stab at Bitcoin as he commonly compares a digital asset with gold, outlining its intrinsic lack of value or lack of intrinsic value. The expert now says that the precious metal will outperform Bitcoin as the latter will simply crash. Bitcoin is commonly compared to gold and its property to serve as a store of value. In fact, the chairman of the US Federal Reserve, Jerome Powell, refer to it as a speculative store of value, just like gold. This doesn’t seem to be the opinion of Peter Schiff, though, as he’s been known for refuting bitcoins by this. Peter Schiff, for those of you who don’t know, has nothing better to do with his time. I am certain if I had billions of dollars, I would not even care about what what a bitcoin was almost cast. But for some reason, Peter Schiff sitting in his home alone, I assume this is one of his major fascinations. He reiterated his views today once again, saying that Bitcoin will ultimately crash back to Earth. He said over the past several years, bitcoin holders or I wrote Hodler is good for him. Bitcoin Hodler is poked fun at gold. All his he’s he’s insecure. Bitcoin Hodler is poked fun at gold investors because bitcoin gained so much more than gold. Over the next several years, those roles will reverse, but not because gold rises more than bitcoin, because we all know that won’t happen. But because gold moons as bitcoin crashes back to earth. All that sweet we all. So first of all, for those of you who don’t know Bitcoin over the last 10 years has this is not a fake number. I think it has risen more than 9 million percent. You can Google it like Google it right now. It’s the actual real number. Bitcoin has outperformed every other possible asset that has ever existed ever. One of the main things that Mr. Schiff has had a problem with is that since around 2012, 2013, people started getting into bitcoin. And this was around the time when markets started recovering around the world. I think gold also performed relatively well around this time. Remember if gold was around twelve hundred thirteen hundred eleven hundred kenmare with the exact number. And over the last year or two, gold has risen from twelve hundred to sixteen hundred. Well, during that same time period time, Bitcoin went from nothing to one cent to twenty thousand dollars. Even if you go back to the seven thousand six hundred eight thousand, brbut everywhere we are right now. The point being, without having to lollygag any longer. I for some reason, Peter Schiff just doesn’t understand. That’s so there was even a news article a couple of weeks ago, there was a guy I think he was fleeing some country now like a bad flea, not like an illegal flea, but he was you know, I don’t want to stay in that terrible country anymore. I think he had a bag of gold or something like that. I’m not joking. I mean. Sure. And I think as he landed, as he was trying to go through the airport, he was stopped. I think they confiscated all of his gold. And people are like, well, listen, you know, if you land with a USB drive or a ledger or something in your pocket and has your bitcoin on it, they’re probably not going to stop you because they won’t. You have to go through the entire thing or the DVD. Also, the point being, you don’t have to flee with your bitcoin. You can simply just hold it on a ledger or just put it onto the blockchain or have your password, I guess is a million to one things you can do that don’t require you to. Have a bag full of kilos worth of of gold to try and swap back into dollars, because once again, you can’t go into it again. There’s there are not many stores or any stores you’re gonna go into. Take out a hunk of gold, take out a chisel, take off a piece of it and go. I want that couch. Here’s my gold. They’re gonna look at you like you’re completely insane because they also have to be able to make sure that the gold is actually real, which they can’t do because they are a furniture store. So a lot of people especially I mean, we’ve we we’ve we’ve we’ve we’ve heard this. I’ve seen a slowdown in the amount of people who have. Talked down to about Bitcoin over the last several years, I assume they’ve just learned their place. I don’t mean to be, you know, but it’s more like it is. Just stop talking about it if you don’t care about it. Don’t talk about it for some reason. Peter Schiff is adamant that Bitcoin is going to go to zero. You can find articles from around 2014. Fifteen of sixteen. Peter Schiff heatedly said over and over that Bitcoin was heading down to zero. And I think he says it once a year. Maybe it’s just his thing. Maybe he has like. Anyway, the point is he commonly or consistently I think he doesn’t realize that there are a set amount of bitcoin and that’s what makes bitcoin special. It’s because we know logically that there’s more gold in the earth and there’s more than twenty one million pieces of gold. If there had been a point where there were only twenty one million pieces of gold that we could ever find is out of the earth, and six million of them had been lost the same exact way with bitcoin, then gold would react relatively differently. However. Yeah. The the the price predictions just keep on coming. And apparently he’s also shorted Bitcoin. I mean. Well, I. Don’t wish ill economically on anyone. However, I will say the amount of people who are shorting and or betting against the Bitcoin. I would love to see where they are in four years. Can you imagine a scenario where Bitcoin. Goes above one hundred and fifty thousand over the next four years, and all these people who shorted it just don’t have any when they could have had like 10, 15, 20 bitcoin anyway. I wish the. Good luck, Mr. Schiff, and everyone else out there who is betting against Bitcoin, even many people within the cryptocurrency space just don’t own any Bitcoin. I want to know how that goes in a couple of years. But I mean, we’ll have that discussion when the time rolls around anyway. Those are the price predictions. If you want to call them that for the last day, we have them quite often. I know a lot of people don’t really care for price predictions because they are predictions and not. Real addiction’s of what’s. That’s not a word of what exactly is going to happen, but you kind of get what I’m saying. I find some of them quite fascinating. Next up, J.P. Morgan predicts that the number 19 situation will continue to worsen, the economy would get a lot worse before it gets a chance to get a lot better or a few weeks now. The effect of a number 19 has been biting on financial markets. These effects, unsurprisingly, have hit the economy so hard that the U.S. Federal Reserve recently printed a few trillion dollars to support the economy, even though the government is doing its best to prevent a total plunge. Multinational financial services company JP Morgan as a grim forecast for the economy. A while ago, JP Morgan economist announced the economy would suffer a bit. At the time, they forecasted that the country’s GDP or gross domestic product in the second quarter would crash by about 25 percent. The team has now changed that figure announcing a 40 percent dip in GDP. In addition to this, they also predict that this dip will affect unemployment and rates will drop to around 20 percent. J.P. Morgan says job losses will hit twenty five million. The economists also wrote that in less than a month, less than a month, less than the 30 days, there have been sixteen point eight individual applications for unemployment benefits one month. One, remember, we were talking about the actual numbers of how much longer this could go on in one month. Nearly so it’s probably realistically since I made that video is probably over 17 million people who have put in applications or going to. I’m in I’m sure I’m sure there are more people who are putting them in or more people who are just trying to access these Web sites on reaching these conclusions. JP Morgan says it’s been difficult to figure out specifics on how exactly number 19 has affected the economy. Many other firms trying to make predictions have also face the same problems. Wow. As we are right and have been repeatedly changing their figures in the forecast, the economists said over the last few weeks, forecasters have been operating in a fog because they have no idea what what we have going on. No one was prepared for. No one. And that’s why whenever we. What was the thing that we had? I like about about about about a week or two ago when the when when the. Oh, so. That’s what was I think it was a CNBC article or something like it was somewhere and they were referring to the fact that the global economy had fallen. And it was like. The economy is in turmoil. This is so and so this is falling apart. But the what? But the gold bugs knew this was going to happen is like no. People who like gold or who like crypto had no idea that any of this was going to happen. A lot of the predictions for this year before we got into this year were actually quite positive because we were on a multi-year bull run and a lot of people thought that this would kind of continue. So the idea that gold was going to go up or move up any direction because like no one no one predicted this, no one knew that this was going to happen since I got it. So. Listen, listen, listen, listen. This is very, very important. This is why predictions are bull hockey. If I can kind of say that I got into crypto in drought 2012 this year on the same exact time when the U.S. economy was just slightly. Beginning to recover, and I remember people have asked me before if I was ever into gold and silver and precious metals. Yes and no. I started getting into it, and I remember I think I was gonna make some purchases and I was like, yeah, this sounds really cool. And I remember I did as much research as I possibly could because I knew nothing about it. I just wasn’t gonna go into a storm like get me some gold. So I remember doing tons of research and it was there was a couple of channels that I was actually following and I found the really cool they would they would like show how much they had and how much. So and so and the price of them, blah, blah, blah. But every cent that they were there was one constant theme over and over. They kept on talking about the price. They kept on saying, yeah, I got an ounce of gold. It’s currently this price. But I’m expecting in about a year to the price because of the economy is going to collapse. There were a lot of fruit for those of you who forgot the the olden times in 2012. A lot of people thought that the economy was going to re crash in 2012 and 2013. This is when I was talking about it’s called Homes Under the Hammer. I think that was a show. Thank you to that person who wrote it in the in the comment section. I just sort of rewatching those again. They’re so good. A lot of people around that time were actually afraid to buy real estate because they expected another huge dramatic drop in the markets. One of the main things that kept on popping up through all of these bullion, gold and silver channels was that everyone kept on saying they expected the price of gold to go from twelve hundred to four thousand. Silver was expected to go, I think it was 12, 13, 14, announced 15 items, the exact number they expected it to go up to around I think one hundred and eighty per ounce or at some point be one fourth of the price of gold. That was all these little numbers and stuff that were kind of floating around. And I remember being like, wow, that’s crazy. As I remember doing the calculations and talking to my friends. And I was like, if we get in now, we cash out around this point. We can make X amount of money. We can put that into where they say we had all these figures floating around. And I think I was watching channels for about a month and it’s the same predictions kept on coming up. And I was I well, the market hasn’t really moved. And I was like, nothing��s really happening. All the doom and gloom situations is kind of didn’t really take effect. So I started going through people’s YouTube channels like to see like where they had come from. Some of these people had YouTube channels for like three, four, five, six, seven years. And I was scroll back about a year and their videos said the exact same thing as they did before they were still predicting. That the price of gold was going to go from this to this, and it was kind of the. So the point to be made after all of my long stories is that no one knew that any of this was going to happen. I bet my bottom dollar on the 1st of January, there wasn’t one economist anywhere on this planet who was like number 19 is going to destroy the world’s economy. It just wasn’t a thing. There was no one who knew that this was going to take place. And this is why whenever we see these movements downwards, especially, I see sometimes people talking really fast. I see a lot of people in the comment section asking me where I think things are gonna go or how this could have happened or so and so and so that I foresee this is like, no, no one no one knew this was going to happen. No one knew this was going to take place whenever we see any drops in the cryptocurrency market. I just have to at some point attribute it to two basic human fear because no one really knows what’s going to take place. The entire rhetoric that we had for this year is that these the stock market may have crashed. For those of you who didn’t pay attention during 2018 and 2019, something weird started taking place because before it was just kind of normal. People like me saying the sky is falling, the sky is falling. Talking about the global economy, 2018, end of 2018, 2019. Tons of economists are going onto the news, multiple from JP Morgan, Bloomberg, everywhere. And they were like, yeah, we foresee something really bad happening to the economy. It can’t hold up its legs anymore, yada, yada, yada. And then you pile 19 on top of that. And this is kind of where we get the situation that we kind of have right now. So the entire idea for the cryptocurrency space was the having having was the main focal point for this year. So even if we do at some point end up having a drop in Bitcoin’s price as we get closer to the having or after the having, I think it’s just logical that it could kind of take place. Not saying that it’s going to, but you have to understand what we have is. Reminiscent a remnant. It feels similar to two thousand seven, eight and nine. Nobody knows what’s going to happen. People were very shocked that the economy dropped as much in 2008 and 2009, and no one knows exactly how far this is going to go in 2008 2009. We did not see unemployment. Around sixteen point eight million people were still allowed to go to work there. This is completely unprecedented. We have no idea what’s going to happen or how far this is going to go or how long this is going to last. The point being that was just for the entire prediction thing, because I keep seeing a lot of them and even even even Peter Schiff talking like, shut up, dude, like you have no idea what you’re talking about. He’s he’s giddy because the world economy is plunging after for the past 15 years, he was saying that it was going to plunge at some point. You had to be correct. This is how markets work. We know that around every 7 to 10 years, stock markets crash. So at some point, if you keep screaming the same thing over and over, you’re gonna be correct. Just at some point, like it’s like, I’m OK. My prediction, Bitcoin Bitcoin is going to go down and then I’m at my head. And then at some point Bitcoin is going to go back up. I can I can see it. So clearly Bitcoin Bitcoin’s going to hit ten thousand. I don’t know when. I don’t know how. I don’t know why. And I don’t know because of who. But it’s going to hit ten thousand when it hits ten thousand. It might it might go below 10000 or talking to the spirits is rough man. I mean it’s just very, very difficult. The point being. After all of that. No one knows where any of this is going to go. Expect further crashes, expect the market to continue to go down. I always say this, these numbers. It just said it’s somewhere around here as well. They go banks and institutions go through these numbers months ahead of all of us. So the numbers that they had, like I said, that they they predicted a forecast in the first quarter. Twenty five percent drop. Now it’s 40. ET cetera, et cetera. They’ve been doing these numbers for months. And I’m pretty sure they have prediction projections of exactly how far this is going to go over the next couple of months. And they probably see a very grim future. So just assume, right? No, no, no. The the point to be had is, is when they finally say these things out loud, this is when is usually actually very bad because they usually kind of keep these things for themselves. You’ve all seen the before when they have projections for like a lower GDP or a lower earnings, so and so. But at the end of the year, they go, yeah, we had a we had some projections, but we actually didn’t. We never hit those numbers. So we did pretty well this year. It’s always a. You tell people that you’re doing well after you thought you were going to do bad, just kind of like boost yourself up kind of thing. But now that we’re getting these numbers and where we are, we are where we are. I promise you, we are going to pass by. Twenty five million jobless just within the U.S. I promise you, it’s all but certain or weeks to have sixteen point eight million. This isn’t. And this is I bet you this is not going away in the next week or the next two weeks or the next three weeks. So one can only assume there’s going to be a further dip, as it were. But yeah, that was just my thought, even a rant. I just I just see so much nonsense all over the place. It is kind of like, yeah, we we we knew that. Yeah. All right. All right. We got it. OK. Sure. Anyway. Just as a as a clarification, I can even go through this entire thing. Bank of America executives have confirmed their partnership, partnership, partnership with exampIe parent company REPL. It says it’s somewhere around here. Apparently someone named X Stewart or Stewart SRP. Does it matter? Found the actual transcript from the people from Bank of America. And then apparently Julie Harris B O F A head of global banking, digital security, commented on the bank’s partner with REPL saying these are fintechs they were partnering with. They’ve come through all of our rigour of legal and compliance and we’re able to leverage our banking as a platform to deliver that to you. So apparently the news that we had about two days ago was that the rumor was that Bank of America had partnered with REPL. And now apparently it’s been clarified and confirmed. So go, team. Why did that. Let’s move on. Next up, BLOCK One plans to actively start voting for iOS block producers sometime next month. The Cayman Islands bits. Why is it there in the Cayman Islands? The Cayman Islands based developer house announced on Wednesday that having watched iOS develop over the past two years and now thinks that it’s time right for it to come off the sidelines, it began actively contributing to the network. Hundreds of block producers have contributed a tremendous amount of code knowledge and leadership. Initially, in the coming weeks, we plan to use our voting stake to begin highlighting and voting for many of the candidates potentially even in rotation to showcase these organizations achievements, values and network contributions, the Post said, referring to block producers and stand-by block producers. That’s actually I’ll get back to that and actually I can tell you, but right now this is actually quite interesting. So a lot of the controversy, as it were, surrounding this situation has to do with the fact that in the beginning, when iOS had still has the 21 block producers, the people who validate the transactions on the network. Apparently, a lot of people the rumor was that they were paying for themselves to be able to do so. The more iOS you had air quotes, the more power you had on the network. So the fact that the people who created iOS BLOCK 1 are now planning to also start voting themselves for block producers. You wonder if they’ll do some type of like a favoritism thing, i.e. block one has an enormous amount of iOS, a kind of a clip’s everyone else in them. The amount of iOS that they have and therefore they’d be able to vote for whoever they wanted. So the idea that they’d be able to do this in rotation is actually quite interesting because you have the 21 block producers, there’s like a list and they’ll show you who’s number. Twenty two. Twenty three, twenty four. Twenty five. You know who’s in the DVD. Stand by if you will, to actually be rotated. Should they gain enough vote during the next voting round. But if I think I think would be interesting to see a rotation so that it’s not just the same people being voted to be the twenty one every single time over and over. I mean it doesn’t sound very significant if you aren’t into iOS and you haven’t really paid attention to it, but it does sound kind of nice. It would kind of anyway. BLOCK One has been looking to participate since a month after the network launched in June. Has it been that long? Oh, gosh. The network launched in June 2018. In a July post that year, the company said it would vote for block producers. Though this did not happen, I assume this had to do with everyone. For those of you who didn’t follow the launch of iOS, I mean immediately after when all the blog producers were like a sign and stuff like that, and when it took the network like four days to finally get off the ground. You remember all that. Remember the time that it took for the network to finally, like, activate and the for all the people to finally vote and all the people to, like, stake their coins in the network. Interesting times BLOCK One announces its intention to begin participating in governance in November at the time, the company said it wanted to play a proportional role and suggesting new proposals, as well as supporting projects and teams contributing to the overall health of the network. Following the four billion dollar ICAO block, one allocated 10 percent of the total iOS tokens apply. But its share has slowly declined as new iOS tokens have entered the ecosystem from block producers validating new blocks. Eighteen months after the ICAO in November 2019, the company’s share was down to about 9.5 percent. Oh, wow, that’s that’s so low. The point is, yet iOS is now. I mean, block one is not going to start voting on iOS. And I wonder exactly what that will do to the entire situation because block one has their own ideas. I’m sure of how the network should be run, how things should be allocated, who should be running things, who should be shown this show and show. So and so I can I talk this morning? That’s the major iOS news. Here’s the actual blog post, if you will. BLOCK one’s public blockchain engagement expands plans to begin iOS voting in May 2020 ie. Does this coincide with the launch of a voice? By any chance, I guess that would make a bit more sense. They kinda want to make sure that this is. Good, who goes off without a hitch? But yeah, that’s the iOS news. BLOCK one plans on voting on their network that they created, which I guess kind of makes sense because they created it is just a matter of what will come of this as time ends up going on. Yeah. Next up. 3 I queue a Canadian crypto asset portfolio manager listed the first Bitcoin fund on the Toronto Stock Exchange with the Winklevoss is Gemini as a custodian? The fund allows Canadians to invest in Bitcoin through their regulated investment managers without the hassles of self custody and with some incentives. I hate I hate self customizing it, so it’s so difficult just putting stuff onto a ledger. Tyler said the bitcoin fund just launched in the Toronto Stock Exchange. This is the first public bitcoin fund listed on a major global stock exchange. Proud that Jemini was selected as the custodian for this fund. Congrats to 3 IQ for making history. 90 percent plus of Canada’s wealth is held in a Canadian regulated investment dealer. 3 IQ President and why? 3 IQ? I wonder what that means. 3 IQ president and CEO Fred Pae told Decrypt and Investment Advisor cannot open up a bitcoin while therefore its client. Now what the Bitcoin Fund PI said investment investor investors investors can put bitcoin on their regular statement with their other investments. Investors should be looking at a diversified portfolio at this and this should be part of it. While seasoned investors stand to benefit from the fund, pie. said millennials should also consider it as they begin investing in tax free serv savings accounts as part of their retirement plan. I keep wanting to say fund, retirement fund, retirement plan because it eliminates the tax burden that comes with buying and selling bitcoin through a private exchange. All this was this was news kind of all over the place, news, I guess the big part is that Bitcoin continues to expand and adoption that the Winkel Vyse were used as the custodian. And I guess that Bitcoin is on a major world stock exchange and that people can now buy into it to get Bitcoin or invest in Bitcoin. I wonder how how directed that is, I have a very. Strange feeling, it’s it’s a you invest in it, but you don’t actually own it. Should the fund go belly up? You will not be able to withdraw your bitcoin, probably only fiat equivalent of the bitcoin you had inside of it. But I mean, silver lining and I always like things like this. This is yet another fund who has accumulated, been accumulating and will continue to accumulate bitcoin. And as time goes on, these numbers will come out publicly and we’ll see exactly how little bitcoin there actually is floating around out there, because it’s not as much as people think. I still believe that there’s lesson only a million Bitcoin actually floating around the numbers maybe I don’t know, used were inflated. They look larger because a lot of people trade daily. So we kind of see these numbers fluctuating up and down. But I think the actual amount of bitcoin that’s actually being circulating around is not it’s not more than a million. I honestly don’t think so, especially after all these rich people have been buying up for the last couple of years. Six million is lost. Not getting into the numbers again anyway. Yeah. There’s a. Bitcoin fund. In Toronto. So you’re in? No, I wouldn’t even recommend this, not that that’s a complete lie. I was going say, if you’re in Toronto. Look into it. But just just by physical bitcoin, I’d rather you buy actual bitcoin and even keep it on Coinbase. And I know that’s a lot of you were shocked. I’d rather you keep it on Coinbase because it’s still in some way. Is it still your bitcoin? So. Anyway, let’s move on. And to finish things off the crypto cash back app, Fold is launching a new visa card that allows users to earn Bitcoin rewards instead of conventional points or cash. The announcement highlights visas, increasing integration with leading companies in the cryptocurrency space that are using traditional credit and debit cards as a bridge to reach new customers interested in acquiring, storing or spending Bitcoin and other digital assets, Fold has joined Visa’s FinTech Fast Track program, which will allow the San Francisco based crypto startup to offer a co-branded visa card. A new fold card will enable consumers to earn Bitcoin back on every purchase made with the card. Will Reeves, foaled CEO, says the game note the card is a game changer as consumers will have the chance to accrue and hold Bitcoin, the leading cryptocurrency. He said People are not interested in spending bitcoin right now, nope, but are interested in accumulating it. If people don’t understand bitcoin as a money yet, they certainly will understand it as a better reward. Okay, that was smart of him. Reeves argues that foaled customers will have a distinct advantage by racking up bitcoin instead of airline miles. Loyalty points and other reward programs, he says, since bitcoin has no expiration date. Wow, that’s okay. The rewards can be used to offset the cost of consumers. Naches purchases saved or withdrawn, giving consumers freedom. And this is kind of cool. There’s actually kind of cool. And I thought that I had already gone over this. But I think this mimics. There was another company who just had their own visa card. And also we had news last week that there was also I think bilats also is going to have a debit visa, something card as well. We got a lot of news like this. I think that kind of all blend and mesh together, if you will. I like the idea of this kind of I mean. Yeah, yeah, yeah. I know. It’s good. It’s good. It’s good. He’s right. No one’s spending their bitcoin when you listen around, if you listen to a podcast revolving around cryptocurrency and our bitcoin. No one has any intentions of actually spending their bitcoin. But the issue is that they need bitcoin volumes actually end up going down if no one’s it’s it’s cool as a store value, but there needs to be volume actually passing through the system for it to be recognized as something that people would use are using. What have you. So there are a lot of companies and I think I said this about a year ago, I was wondering how they would kind of fit this into their entire thing. They’re going to start using Bitcoin in the back end. So same exact thing with backthe as far as them trading bitcoin futures with the actual bitcoin being sloshed back and forth. A lot of other companies are going to do the exact same thing as far as giving you rewards or instead of getting airline points or whatever. So and so you get it back in bitcoin so that the bitcoin is still kind of flowing because we need to see that bitcoin is actually moving. If no one’s using bitcoin, then no one’s using bitcoin. It has no value. So expect to see this as well. I think the major movements will be. I’m expecting some time in the next. Five years hyper prediction. We’re going to start seeing institutions or banks sending Bitcoin as like an in just one big chunk during the day to actually send transactions and stuff back, back and forth. It could also be something that we’ve also seen a major uptick in the amount of. Like Tasos Bitcoin and wrapped bitcoin like coins at a based off of Bitcoin. But the Bitcoin itself is not actually being sent back and forth, but the value of Bitcoin is still being said back and forth. So yeah, that’s the visa. News old card app for news for the day. It’s kind of cool. I mean, if people are going to be using the cards anyway to pay for stuff and you can get money back. Why not get bitcoin back? This is not an endorsement or an advertisment four-fold or any company. I don’t do those on the channel. It’s more like a. Yeah, I mean, it logically makes sense if you’re gonna be spending your money anyway and you can get some cash back. Why not get it back in Bitcoin? It just contributes further to you trying to accumulate an entire bitcoin, which is the goal of many a person on this on this planet. As always. A very special thank you to my Patreon and supporters. Professor Wiley from Gun by University. Out a moon man. Ex R.P.. Joshua Vinyard. Martin Story. Josh Gorcyca Tongala. An Old Song. Golo A Biblio Phobia. The Atama Reader. John Sarre said Mr Pickles Nostromo Bare Bones Mining Town Mullis Adam gracing Mohammed Ronee Mass Scimitars in Thailand. Brady Nields Jarro Schnieder Wise Night Owl to fortune to the world’s Krypto Joe Bank. Run that we’re good. Obote Wo. Adobo Male Louisa. Krypto Art is Goldie. Nicholas onEarth one-piece. One Love. Damien setsuna. Nick Cannon drishti. Bridge to Third Laddie Impeller. kripp Membership May PARC’s Cesnik manja Lavonia than Aetiology. I’m going to Jimmy Fox. Menton Coyne’s Miller Hachette’s Everyday Caskets Leg They Yes to Krypto Body McBeath face any Finn is most-wanted Staff Artomatic 17 Baking a cake Tigger A Much OLISA on Krypto with Lino Crayola. Michelle, you are l. Hold on, I have to sneeze. It really funny. I had to sneeze so bad during the video. Enough you heard me like bulbul making noises. I had to sneeze so bad it took the strength of the heavens to hold it back. I don’t know how I managed to do it was ridiculous. Thank you all very, very much for your support. And thank you to everyone who is a supporter of the channel and has hit the little join button below. At the moment the market’s down, but it’s not a big down. Bitcoin is currently at sixty eight thirty six. We keep having these really weird dips and the kind of these movements upward, I say. Anticipate a drop. It’s looking like the market wants to drop. It’s looking like whales keep trying to get it to drop as we’re having these huge moves downward every couple of hours. I think the most important thing will be to look towards the stock futures. Yeah. Yeah. The market should be open tomorrow. Yeah. Yeah. The stock futures, just because that may dictate how fearful other people are in other markets and if the prices of the cryptocurrency market will also all in tandem. Yeah. What else would I have to say. I don’t remember. No, no, no. Remember to remember to remember. Yeah. I guess that was it. Hope you all enjoyed. Hope you all are having have had to continue to have one to have a great day. Great morning. A great afternoon. A great evening. Wherever you are, wherever you might be. I do hope that is absolutely fantastic. Thank you all. Once again, we’re watching and or listening. And I will most certainly be talking to you all soon. See you.

source https://www.cryptosharks.net/latest-bitcoin-price-predictions-gold-vs-bitcoin/ source https://cryptosharks1.tumblr.com/post/615380058981498880

0 notes

scottmapess · 5 years ago

Text

Latest Bitcoin Price Predictions, Gold Vs Bitcoin, 25 Million Unemployed & Block.One EOS Votes

VIDEO TRANSCRIPT

Hello, everybody. Welcome back. For another. Video. Hope you’re all doing well and that you’re all having a great day to start things off. The Bitcoin price slipped below 7000 U.S. dollars yesterday after failing to surmount these seven thousand five hundred dollar level for the third time since the crash of the 12th and 13th of March, which is a date or dates that we continuously popping up over and over again. The unprecedented correction in the crypto markets at this time said Bitcoin plummets to three thousand seven hundred dollars and hours. Peculiar, literally not a word you see often peculiarly peculiar. This came as a traditional stock. Markets also experience an equal and painful drop in the near term. It mecs CEO author hase expected the top cryptocurrency to revisit the three thousand dollar levels again as crypto markets puke again in face of 19, governments are unveiling several stimulus packages to cushion these slowly weakening global economy. The U.S. in particular has launched trillion dollar bailouts, which even include checks to citizens. In a recent blog blog post blog post, Arthur Hayes notes that all these solutions will eventually favor Bitcoin in the long run as it is the hardest form of digital money. The U.S. dollar, on the other hand, will face an inevitable collapse due to the unending money printing. Hayes reiterates the widely known fact that as the U.S. prints a lot of money in an effort to monetize the government’s debt, the dollar will collapse and inflation will be prevalent at the moment. The number of above but dub dub, dub dub chopped NASA all about a lot of gloom and doom. The point is, for some reason, I wonder why the last couple of weeks as we’ve seen a declining global economy. A lot of people are trying to or rather have set their gaze directly upon Bitcoin, not even that they’re trying to do something else. They have tunnel vision focusing directly on Bitcoin and exactly where it’s going to go. What do we see now? And the pattern that I am seeing is that apparently after we have been unable to pass by the I think a seventy to seventy three hundred was also a very big number. For some reason we couldn’t stay above this. We kept on going down, up, up, up, up, up, over and over and as we could not get by seventy five hundred and of course logically also not seventy seven hundred and bitcoin has fallen below 7000 that it appears. What’s the guy’s name. Arthur Hayes. Almost as something else was a singer. I’m pretty sure that was a singer. It sounds like a singer. Apparently a lot of people, and not just Mr. Hayes here all believe that bitcoin is poised for a drop of the kind of drops I’m hearing are anywhere between five thousand three thousand thirty five hundred sixty two hundred. Give or take. But then apparently afterwards there will be a a bump back up, if you will. This is kind of news all over the place. I guess Arthur Hayes has become rich enough within the cryptocurrency space that when you say something, millions of other people write articles about you because they take your word for a law. No one knows how realistic a drop back to 3000 is or nonetheless a five thousand or fifty five hundred or even directly a six thousand dollar price of bitcoin is once again. It’s more like a.. And remember I said this before in other videos as well. Not to discount or count out these people, it’s more of a you can say whatever predictions you want. And if they end up coming true, you can then go see. See, I told you that would happen. But when they don’t happen, especially around the specified time and or date, I. This this this drop is supposed to be happening within the next. Or weeks the. The predictions that we’re seeing. And if they don’t end up happening, you can simply just make a new prediction and people will have forgotten about the other prediction because that’s how predictions worked. He also predicted. That after the dip that bitcoin will push back above or to twenty thousand dollars this year. This is something that we’ve also heard fairly often amongst. Not professionals and big, big, big, big money people within the cryptocurrency space that there may be a dip or it looks like a dip could be coming or prices could be going down, which could also just simply be something inside of their heads that’s telling them that the Bitcoin price has to drop alongside the traditional stock market as we know that we’re going to see a further drop in the stock markets. And if we don’t, I mean, listen, we won’t know that the stock market is manipulated. So that’s kind of neither here nor there. The point being, the one thing that kind of holds true amongst all of these predictions is it’s everyone likes everyone. Every prediction thus far has noted that Bitcoin will slide down a bit, which is kind of nonsensical, because at some point Bitcoin is going to fall down in price, whatever the second point being. Is that during the rest of this year, Bitcoin will make a move above ten thousand fifteen and then subsequently hit back to twenty thousand. I’m not so sure about that fifty thousand dollar bitcoin this year. Who knows? Weirder things have happened within the bitcoin space. That would be a 10 x from where we currently are. Ish. 9 X when? In 2017 we had a. Twenty point five X. Anyway, we’ll see as time ends up going on and tying directly, they are tied at the foot with all of this. Peter Schiff, a well-known economist and renowned author, I wouldn’t say that renowned author has taken another stab at Bitcoin as he commonly compares a digital asset with gold, outlining its intrinsic lack of value or lack of intrinsic value. The expert now says that the precious metal will outperform Bitcoin as the latter will simply crash. Bitcoin is commonly compared to gold and its property to serve as a store of value. In fact, the chairman of the US Federal Reserve, Jerome Powell, refer to it as a speculative store of value, just like gold. This doesn’t seem to be the opinion of Peter Schiff, though, as he’s been known for refuting bitcoins by this. Peter Schiff, for those of you who don’t know, has nothing better to do with his time. I am certain if I had billions of dollars, I would not even care about what what a bitcoin was almost cast. But for some reason, Peter Schiff sitting in his home alone, I assume this is one of his major fascinations. He reiterated his views today once again, saying that Bitcoin will ultimately crash back to Earth. He said over the past several years, bitcoin holders or I wrote Hodler is good for him. Bitcoin Hodler is poked fun at gold. All his he’s he’s insecure. Bitcoin Hodler is poked fun at gold investors because bitcoin gained so much more than gold. Over the next several years, those roles will reverse, but not because gold rises more than bitcoin, because we all know that won’t happen. But because gold moons as bitcoin crashes back to earth. All that sweet we all. So first of all, for those of you who don’t know Bitcoin over the last 10 years has this is not a fake number. I think it has risen more than 9 million percent. You can Google it like Google it right now. It’s the actual real number. Bitcoin has outperformed every other possible asset that has ever existed ever. One of the main things that Mr. Schiff has had a problem with is that since around 2012, 2013, people started getting into bitcoin. And this was around the time when markets started recovering around the world. I think gold also performed relatively well around this time. Remember if gold was around twelve hundred thirteen hundred eleven hundred kenmare with the exact number. And over the last year or two, gold has risen from twelve hundred to sixteen hundred. Well, during that same time period time, Bitcoin went from nothing to one cent to twenty thousand dollars. Even if you go back to the seven thousand six hundred eight thousand, brbut everywhere we are right now. The point being, without having to lollygag any longer. I for some reason, Peter Schiff just doesn’t understand. That’s so there was even a news article a couple of weeks ago, there was a guy I think he was fleeing some country now like a bad flea, not like an illegal flea, but he was you know, I don’t want to stay in that terrible country anymore. I think he had a bag of gold or something like that. I’m not joking. I mean. Sure. And I think as he landed, as he was trying to go through the airport, he was stopped. I think they confiscated all of his gold. And people are like, well, listen, you know, if you land with a USB drive or a ledger or something in your pocket and has your bitcoin on it, they’re probably not going to stop you because they won’t. You have to go through the entire thing or the DVD. Also, the point being, you don’t have to flee with your bitcoin. You can simply just hold it on a ledger or just put it onto the blockchain or have your password, I guess is a million to one things you can do that don’t require you to. Have a bag full of kilos worth of of gold to try and swap back into dollars, because once again, you can’t go into it again. There’s there are not many stores or any stores you’re gonna go into. Take out a hunk of gold, take out a chisel, take off a piece of it and go. I want that couch. Here’s my gold. They’re gonna look at you like you’re completely insane because they also have to be able to make sure that the gold is actually real, which they can’t do because they are a furniture store. So a lot of people especially I mean, we’ve we we’ve we’ve we’ve we’ve heard this. I’ve seen a slowdown in the amount of people who have. Talked down to about Bitcoin over the last several years, I assume they’ve just learned their place. I don’t mean to be, you know, but it’s more like it is. Just stop talking about it if you don’t care about it. Don’t talk about it for some reason. Peter Schiff is adamant that Bitcoin is going to go to zero. You can find articles from around 2014. Fifteen of sixteen. Peter Schiff heatedly said over and over that Bitcoin was heading down to zero. And I think he says it once a year. Maybe it’s just his thing. Maybe he has like. Anyway, the point is he commonly or consistently I think he doesn’t realize that there are a set amount of bitcoin and that’s what makes bitcoin special. It’s because we know logically that there’s more gold in the earth and there’s more than twenty one million pieces of gold. If there had been a point where there were only twenty one million pieces of gold that we could ever find is out of the earth, and six million of them had been lost the same exact way with bitcoin, then gold would react relatively differently. However. Yeah. The the the price predictions just keep on coming. And apparently he’s also shorted Bitcoin. I mean. Well, I. Don’t wish ill economically on anyone. However, I will say the amount of people who are shorting and or betting against the Bitcoin. I would love to see where they are in four years. Can you imagine a scenario where Bitcoin. Goes above one hundred and fifty thousand over the next four years, and all these people who shorted it just don’t have any when they could have had like 10, 15, 20 bitcoin anyway. I wish the. Good luck, Mr. Schiff, and everyone else out there who is betting against Bitcoin, even many people within the cryptocurrency space just don’t own any Bitcoin. I want to know how that goes in a couple of years. But I mean, we’ll have that discussion when the time rolls around anyway. Those are the price predictions. If you want to call them that for the last day, we have them quite often. I know a lot of people don’t really care for price predictions because they are predictions and not. Real addiction’s of what’s. That’s not a word of what exactly is going to happen, but you kind of get what I’m saying. I find some of them quite fascinating. Next up, J.P. Morgan predicts that the number 19 situation will continue to worsen, the economy would get a lot worse before it gets a chance to get a lot better or a few weeks now. The effect of a number 19 has been biting on financial markets. These effects, unsurprisingly, have hit the economy so hard that the U.S. Federal Reserve recently printed a few trillion dollars to support the economy, even though the government is doing its best to prevent a total plunge. Multinational financial services company JP Morgan as a grim forecast for the economy. A while ago, JP Morgan economist announced the economy would suffer a bit. At the time, they forecasted that the country’s GDP or gross domestic product in the second quarter would crash by about 25 percent. The team has now changed that figure announcing a 40 percent dip in GDP. In addition to this, they also predict that this dip will affect unemployment and rates will drop to around 20 percent. J.P. Morgan says job losses will hit twenty five million. The economists also wrote that in less than a month, less than a month, less than the 30 days, there have been sixteen point eight individual applications for unemployment benefits one month. One, remember, we were talking about the actual numbers of how much longer this could go on in one month. Nearly so it’s probably realistically since I made that video is probably over 17 million people who have put in applications or going to. I’m in I’m sure I’m sure there are more people who are putting them in or more people who are just trying to access these Web sites on reaching these conclusions. JP Morgan says it’s been difficult to figure out specifics on how exactly number 19 has affected the economy. Many other firms trying to make predictions have also face the same problems. Wow. As we are right and have been repeatedly changing their figures in the forecast, the economists said over the last few weeks, forecasters have been operating in a fog because they have no idea what what we have going on. No one was prepared for. No one. And that’s why whenever we. What was the thing that we had? I like about about about about a week or two ago when the when when the. Oh, so. That’s what was I think it was a CNBC article or something like it was somewhere and they were referring to the fact that the global economy had fallen. And it was like. The economy is in turmoil. This is so and so this is falling apart. But the what? But the gold bugs knew this was going to happen is like no. People who like gold or who like crypto had no idea that any of this was going to happen. A lot of the predictions for this year before we got into this year were actually quite positive because we were on a multi-year bull run and a lot of people thought that this would kind of continue. So the idea that gold was going to go up or move up any direction because like no one no one predicted this, no one knew that this was going to happen since I got it. So. Listen, listen, listen, listen. This is very, very important. This is why predictions are bull hockey. If I can kind of say that I got into crypto in drought 2012 this year on the same exact time when the U.S. economy was just slightly. Beginning to recover, and I remember people have asked me before if I was ever into gold and silver and precious metals. Yes and no. I started getting into it, and I remember I think I was gonna make some purchases and I was like, yeah, this sounds really cool. And I remember I did as much research as I possibly could because I knew nothing about it. I just wasn’t gonna go into a storm like get me some gold. So I remember doing tons of research and it was there was a couple of channels that I was actually following and I found the really cool they would they would like show how much they had and how much. So and so and the price of them, blah, blah, blah. But every cent that they were there was one constant theme over and over. They kept on talking about the price. They kept on saying, yeah, I got an ounce of gold. It’s currently this price. But I’m expecting in about a year to the price because of the economy is going to collapse. There were a lot of fruit for those of you who forgot the the olden times in 2012. A lot of people thought that the economy was going to re crash in 2012 and 2013. This is when I was talking about it’s called Homes Under the Hammer. I think that was a show. Thank you to that person who wrote it in the in the comment section. I just sort of rewatching those again. They’re so good. A lot of people around that time were actually afraid to buy real estate because they expected another huge dramatic drop in the markets. One of the main things that kept on popping up through all of these bullion, gold and silver channels was that everyone kept on saying they expected the price of gold to go from twelve hundred to four thousand. Silver was expected to go, I think it was 12, 13, 14, announced 15 items, the exact number they expected it to go up to around I think one hundred and eighty per ounce or at some point be one fourth of the price of gold. That was all these little numbers and stuff that were kind of floating around. And I remember being like, wow, that’s crazy. As I remember doing the calculations and talking to my friends. And I was like, if we get in now, we cash out around this point. We can make X amount of money. We can put that into where they say we had all these figures floating around. And I think I was watching channels for about a month and it’s the same predictions kept on coming up. And I was I well, the market hasn’t really moved. And I was like, nothing’s really happening. All the doom and gloom situations is kind of didn’t really take effect. So I started going through people’s YouTube channels like to see like where they had come from. Some of these people had YouTube channels for like three, four, five, six, seven years. And I was scroll back about a year and their videos said the exact same thing as they did before they were still predicting. That the price of gold was going to go from this to this, and it was kind of the. So the point to be made after all of my long stories is that no one knew that any of this was going to happen. I bet my bottom dollar on the 1st of January, there wasn’t one economist anywhere on this planet who was like number 19 is going to destroy the world’s economy. It just wasn’t a thing. There was no one who knew that this was going to take place. And this is why whenever we see these movements downwards, especially, I see sometimes people talking really fast. I see a lot of people in the comment section asking me where I think things are gonna go or how this could have happened or so and so and so that I foresee this is like, no, no one no one knew this was going to happen. No one knew this was going to take place whenever we see any drops in the cryptocurrency market. I just have to at some point attribute it to two basic human fear because no one really knows what’s going to take place. The entire rhetoric that we had for this year is that these the stock market may have crashed. For those of you who didn’t pay attention during 2018 and 2019, something weird started taking place because before it was just kind of normal. People like me saying the sky is falling, the sky is falling. Talking about the global economy, 2018, end of 2018, 2019. Tons of economists are going onto the news, multiple from JP Morgan, Bloomberg, everywhere. And they were like, yeah, we foresee something really bad happening to the economy. It can’t hold up its legs anymore, yada, yada, yada. And then you pile 19 on top of that. And this is kind of where we get the situation that we kind of have right now. So the entire idea for the cryptocurrency space was the having having was the main focal point for this year. So even if we do at some point end up having a drop in Bitcoin’s price as we get closer to the having or after the having, I think it’s just logical that it could kind of take place. Not saying that it’s going to, but you have to understand what we have is. Reminiscent a remnant. It feels similar to two thousand seven, eight and nine. Nobody knows what’s going to happen. People were very shocked that the economy dropped as much in 2008 and 2009, and no one knows exactly how far this is going to go in 2008 2009. We did not see unemployment. Around sixteen point eight million people were still allowed to go to work there. This is completely unprecedented. We have no idea what’s going to happen or how far this is going to go or how long this is going to last. The point being that was just for the entire prediction thing, because I keep seeing a lot of them and even even even Peter Schiff talking like, shut up, dude, like you have no idea what you’re talking about. He’s he’s giddy because the world economy is plunging after for the past 15 years, he was saying that it was going to plunge at some point. You had to be correct. This is how markets work. We know that around every 7 to 10 years, stock markets crash. So at some point, if you keep screaming the same thing over and over, you’re gonna be correct. Just at some point, like it’s like, I’m OK. My prediction, Bitcoin Bitcoin is going to go down and then I’m at my head. And then at some point Bitcoin is going to go back up. I can I can see it. So clearly Bitcoin Bitcoin’s going to hit ten thousand. I don’t know when. I don’t know how. I don’t know why. And I don’t know because of who. But it’s going to hit ten thousand when it hits ten thousand. It might it might go below 10000 or talking to the spirits is rough man. I mean it’s just very, very difficult. The point being. After all of that. No one knows where any of this is going to go. Expect further crashes, expect the market to continue to go down. I always say this, these numbers. It just said it’s somewhere around here as well. They go banks and institutions go through these numbers months ahead of all of us. So the numbers that they had, like I said, that they they predicted a forecast in the first quarter. Twenty five percent drop. Now it’s 40. ET cetera, et cetera. They’ve been doing these numbers for months. And I’m pretty sure they have prediction projections of exactly how far this is going to go over the next couple of months. And they probably see a very grim future. So just assume, right? No, no, no. The the point to be had is, is when they finally say these things out loud, this is when is usually actually very bad because they usually kind of keep these things for themselves. You’ve all seen the before when they have projections for like a lower GDP or a lower earnings, so and so. But at the end of the year, they go, yeah, we had a we had some projections, but we actually didn’t. We never hit those numbers. So we did pretty well this year. It’s always a. You tell people that you’re doing well after you thought you were going to do bad, just kind of like boost yourself up kind of thing. But now that we’re getting these numbers and where we are, we are where we are. I promise you, we are going to pass by. Twenty five million jobless just within the U.S. I promise you, it’s all but certain or weeks to have sixteen point eight million. This isn’t. And this is I bet you this is not going away in the next week or the next two weeks or the next three weeks. So one can only assume there’s going to be a further dip, as it were. But yeah, that was just my thought, even a rant. I just I just see so much nonsense all over the place. It is kind of like, yeah, we we we knew that. Yeah. All right. All right. We got it. OK. Sure. Anyway. Just as a as a clarification, I can even go through this entire thing. Bank of America executives have confirmed their partnership, partnership, partnership with exampIe parent company REPL. It says it’s somewhere around here. Apparently someone named X Stewart or Stewart SRP. Does it matter? Found the actual transcript from the people from Bank of America. And then apparently Julie Harris B O F A head of global banking, digital security, commented on the bank’s partner with REPL saying these are fintechs they were partnering with. They’ve come through all of our rigour of legal and compliance and we’re able to leverage our banking as a platform to deliver that to you. So apparently the news that we had about two days ago was that the rumor was that Bank of America had partnered with REPL. And now apparently it’s been clarified and confirmed. So go, team. Why did that. Let’s move on. Next up, BLOCK One plans to actively start voting for iOS block producers sometime next month. The Cayman Islands bits. Why is it there in the Cayman Islands? The Cayman Islands based developer house announced on Wednesday that having watched iOS develop over the past two years and now thinks that it’s time right for it to come off the sidelines, it began actively contributing to the network. Hundreds of block producers have contributed a tremendous amount of code knowledge and leadership. Initially, in the coming weeks, we plan to use our voting stake to begin highlighting and voting for many of the candidates potentially even in rotation to showcase these organizations achievements, values and network contributions, the Post said, referring to block producers and stand-by block producers. That’s actually I’ll get back to that and actually I can tell you, but right now this is actually quite interesting. So a lot of the controversy, as it were, surrounding this situation has to do with the fact that in the beginning, when iOS had still has the 21 block producers, the people who validate the transactions on the network. Apparently, a lot of people the rumor was that they were paying for themselves to be able to do so. The more iOS you had air quotes, the more power you had on the network. So the fact that the people who created iOS BLOCK 1 are now planning to also start voting themselves for block producers. You wonder if they’ll do some type of like a favoritism thing, i.e. block one has an enormous amount of iOS, a kind of a clip’s everyone else in them. The amount of iOS that they have and therefore they’d be able to vote for whoever they wanted. So the idea that they’d be able to do this in rotation is actually quite interesting because you have the 21 block producers, there’s like a list and they’ll show you who’s number. Twenty two. Twenty three, twenty four. Twenty five. You know who’s in the DVD. Stand by if you will, to actually be rotated. Should they gain enough vote during the next voting round. But if I think I think would be interesting to see a rotation so that it’s not just the same people being voted to be the twenty one every single time over and over. I mean it doesn’t sound very significant if you aren’t into iOS and you haven’t really paid attention to it, but it does sound kind of nice. It would kind of anyway. BLOCK One has been looking to participate since a month after the network launched in June. Has it been that long? Oh, gosh. The network launched in June 2018. In a July post that year, the company said it would vote for block producers. Though this did not happen, I assume this had to do with everyone. For those of you who didn’t follow the launch of iOS, I mean immediately after when all the blog producers were like a sign and stuff like that, and when it took the network like four days to finally get off the ground. You remember all that. Remember the time that it took for the network to finally, like, activate and the for all the people to finally vote and all the people to, like, stake their coins in the network. Interesting times BLOCK One announces its intention to begin participating in governance in November at the time, the company said it wanted to play a proportional role and suggesting new proposals, as well as supporting projects and teams contributing to the overall health of the network. Following the four billion dollar ICAO block, one allocated 10 percent of the total iOS tokens apply. But its share has slowly declined as new iOS tokens have entered the ecosystem from block producers validating new blocks. Eighteen months after the ICAO in November 2019, the company’s share was down to about 9.5 percent. Oh, wow, that’s that’s so low. The point is, yet iOS is now. I mean, block one is not going to start voting on iOS. And I wonder exactly what that will do to the entire situation because block one has their own ideas. I’m sure of how the network should be run, how things should be allocated, who should be running things, who should be shown this show and show. So and so I can I talk this morning? That’s the major iOS news. Here’s the actual blog post, if you will. BLOCK one’s public blockchain engagement expands plans to begin iOS voting in May 2020 ie. Does this coincide with the launch of a voice? By any chance, I guess that would make a bit more sense. They kinda want to make sure that this is. Good, who goes off without a hitch? But yeah, that’s the iOS news. BLOCK one plans on voting on their network that they created, which I guess kind of makes sense because they created it is just a matter of what will come of this as time ends up going on. Yeah. Next up. 3 I queue a Canadian crypto asset portfolio manager listed the first Bitcoin fund on the Toronto Stock Exchange with the Winklevoss is Gemini as a custodian? The fund allows Canadians to invest in Bitcoin through their regulated investment managers without the hassles of self custody and with some incentives. I hate I hate self customizing it, so it’s so difficult just putting stuff onto a ledger. Tyler said the bitcoin fund just launched in the Toronto Stock Exchange. This is the first public bitcoin fund listed on a major global stock exchange. Proud that Jemini was selected as the custodian for this fund. Congrats to 3 IQ for making history. 90 percent plus of Canada’s wealth is held in a Canadian regulated investment dealer. 3 IQ President and why? 3 IQ? I wonder what that means. 3 IQ president and CEO Fred Pae told Decrypt and Investment Advisor cannot open up a bitcoin while therefore its client. Now what the Bitcoin Fund PI said investment investor investors investors can put bitcoin on their regular statement with their other investments. Investors should be looking at a diversified portfolio at this and this should be part of it. While seasoned investors stand to benefit from the fund, pie. said millennials should also consider it as they begin investing in tax free serv savings accounts as part of their retirement plan. I keep wanting to say fund, retirement fund, retirement plan because it eliminates the tax burden that comes with buying and selling bitcoin through a private exchange. All this was this was news kind of all over the place, news, I guess the big part is that Bitcoin continues to expand and adoption that the Winkel Vyse were used as the custodian. And I guess that Bitcoin is on a major world stock exchange and that people can now buy into it to get Bitcoin or invest in Bitcoin. I wonder how how directed that is, I have a very. Strange feeling, it’s it’s a you invest in it, but you don’t actually own it. Should the fund go belly up? You will not be able to withdraw your bitcoin, probably only fiat equivalent of the bitcoin you had inside of it. But I mean, silver lining and I always like things like this. This is yet another fund who has accumulated, been accumulating and will continue to accumulate bitcoin. And as time goes on, these numbers will come out publicly and we’ll see exactly how little bitcoin there actually is floating around out there, because it’s not as much as people think. I still believe that there’s lesson only a million Bitcoin actually floating around the numbers maybe I don’t know, used were inflated. They look larger because a lot of people trade daily. So we kind of see these numbers fluctuating up and down. But I think the actual amount of bitcoin that’s actually being circulating around is not it’s not more than a million. I honestly don’t think so, especially after all these rich people have been buying up for the last couple of years. Six million is lost. Not getting into the numbers again anyway. Yeah. There’s a. Bitcoin fund. In Toronto. So you’re in? No, I wouldn’t even recommend this, not that that’s a complete lie. I was going say, if you’re in Toronto. Look into it. But just just by physical bitcoin, I’d rather you buy actual bitcoin and even keep it on Coinbase. And I know that’s a lot of you were shocked. I’d rather you keep it on Coinbase because it’s still in some way. Is it still your bitcoin? So. Anyway, let’s move on. And to finish things off the crypto cash back app, Fold is launching a new visa card that allows users to earn Bitcoin rewards instead of conventional points or cash. The announcement highlights visas, increasing integration with leading companies in the cryptocurrency space that are using traditional credit and debit cards as a bridge to reach new customers interested in acquiring, storing or spending Bitcoin and other digital assets, Fold has joined Visa’s FinTech Fast Track program, which will allow the San Francisco based crypto startup to offer a co-branded visa card. A new fold card will enable consumers to earn Bitcoin back on every purchase made with the card. Will Reeves, foaled CEO, says the game note the card is a game changer as consumers will have the chance to accrue and hold Bitcoin, the leading cryptocurrency. He said People are not interested in spending bitcoin right now, nope, but are interested in accumulating it. If people don’t understand bitcoin as a money yet, they certainly will understand it as a better reward. Okay, that was smart of him. Reeves argues that foaled customers will have a distinct advantage by racking up bitcoin instead of airline miles. Loyalty points and other reward programs, he says, since bitcoin has no expiration date. Wow, that’s okay. The rewards can be used to offset the cost of consumers. Naches purchases saved or withdrawn, giving consumers freedom. And this is kind of cool. There’s actually kind of cool. And I thought that I had already gone over this. But I think this mimics. There was another company who just had their own visa card. And also we had news last week that there was also I think bilats also is going to have a debit visa, something card as well. We got a lot of news like this. I think that kind of all blend and mesh together, if you will. I like the idea of this kind of I mean. Yeah, yeah, yeah. I know. It’s good. It’s good. It’s good. He’s right. No one’s spending their bitcoin when you listen around, if you listen to a podcast revolving around cryptocurrency and our bitcoin. No one has any intentions of actually spending their bitcoin. But the issue is that they need bitcoin volumes actually end up going down if no one’s it’s it’s cool as a store value, but there needs to be volume actually passing through the system for it to be recognized as something that people would use are using. What have you. So there are a lot of companies and I think I said this about a year ago, I was wondering how they would kind of fit this into their entire thing. They’re going to start using Bitcoin in the back end. So same exact thing with backthe as far as them trading bitcoin futures with the actual bitcoin being sloshed back and forth. A lot of other companies are going to do the exact same thing as far as giving you rewards or instead of getting airline points or whatever. So and so you get it back in bitcoin so that the bitcoin is still kind of flowing because we need to see that bitcoin is actually moving. If no one’s using bitcoin, then no one’s using bitcoin. It has no value. So expect to see this as well. I think the major movements will be. I’m expecting some time in the next. Five years hyper prediction. We’re going to start seeing institutions or banks sending Bitcoin as like an in just one big chunk during the day to actually send transactions and stuff back, back and forth. It could also be something that we’ve also seen a major uptick in the amount of. Like Tasos Bitcoin and wrapped bitcoin like coins at a based off of Bitcoin. But the Bitcoin itself is not actually being sent back and forth, but the value of Bitcoin is still being said back and forth. So yeah, that’s the visa. News old card app for news for the day. It’s kind of cool. I mean, if people are going to be using the cards anyway to pay for stuff and you can get money back. Why not get bitcoin back? This is not an endorsement or an advertisment four-fold or any company. I don’t do those on the channel. It’s more like a. Yeah, I mean, it logically makes sense if you’re gonna be spending your money anyway and you can get some cash back. Why not get it back in Bitcoin? It just contributes further to you trying to accumulate an entire bitcoin, which is the goal of many a person on this on this planet. As always. A very special thank you to my Patreon and supporters. Professor Wiley from Gun by University. Out a moon man. Ex R.P.. Joshua Vinyard. Martin Story. Josh Gorcyca Tongala. An Old Song. Golo A Biblio Phobia. The Atama Reader. John Sarre said Mr Pickles Nostromo Bare Bones Mining Town Mullis Adam gracing Mohammed Ronee Mass Scimitars in Thailand. Brady Nields Jarro Schnieder Wise Night Owl to fortune to the world’s Krypto Joe Bank. Run that we’re good. Obote Wo. Adobo Male Louisa. Krypto Art is Goldie. Nicholas onEarth one-piece. One Love. Damien setsuna. Nick Cannon drishti. Bridge to Third Laddie Impeller. kripp Membership May PARC’s Cesnik manja Lavonia than Aetiology. I’m going to Jimmy Fox. Menton Coyne’s Miller Hachette’s Everyday Caskets Leg They Yes to Krypto Body McBeath face any Finn is most-wanted Staff Artomatic 17 Baking a cake Tigger A Much OLISA on Krypto with Lino Crayola. Michelle, you are l. Hold on, I have to sneeze. It really funny. I had to sneeze so bad during the video. Enough you heard me like bulbul making noises. I had to sneeze so bad it took the strength of the heavens to hold it back. I don’t know how I managed to do it was ridiculous. Thank you all very, very much for your support. And thank you to everyone who is a supporter of the channel and has hit the little join button below. At the moment the market’s down, but it’s not a big down. Bitcoin is currently at sixty eight thirty six. We keep having these really weird dips and the kind of these movements upward, I say. Anticipate a drop. It’s looking like the market wants to drop. It’s looking like whales keep trying to get it to drop as we’re having these huge moves downward every couple of hours. I think the most important thing will be to look towards the stock futures. Yeah. Yeah. The market should be open tomorrow. Yeah. Yeah. The stock futures, just because that may dictate how fearful other people are in other markets and if the prices of the cryptocurrency market will also all in tandem. Yeah. What else would I have to say. I don’t remember. No, no, no. Remember to remember to remember. Yeah. I guess that was it. Hope you all enjoyed. Hope you all are having have had to continue to have one to have a great day. Great morning. A great afternoon. A great evening. Wherever you are, wherever you might be. I do hope that is absolutely fantastic. Thank you all. Once again, we’re watching and or listening. And I will most certainly be talking to you all soon. See you.

source https://www.cryptosharks.net/latest-bitcoin-price-predictions-gold-vs-bitcoin/ source https://cryptosharks1.blogspot.com/2020/04/latest-bitcoin-price-predictions-gold.html

0 notes

cryptosharks1 · 5 years ago

Text

Latest Bitcoin Price Predictions, Gold Vs Bitcoin, 25 Million Unemployed & Block.One EOS Votes

VIDEO TRANSCRIPT

Hello, everybody. Welcome back. For another. Video. Hope you’re all doing well and that you’re all having a great day to start things off. The Bitcoin price slipped below 7000 U.S. dollars yesterday after failing to surmount these seven thousand five hundred dollar level for the third time since the crash of the 12th and 13th of March, which is a date or dates that we continuously popping up over and over again. The unprecedented correction in the crypto markets at this time said Bitcoin plummets to three thousand seven hundred dollars and hours. Peculiar, literally not a word you see often peculiarly peculiar. This came as a traditional stock. Markets also experience an equal and painful drop in the near term. It mecs CEO author hase expected the top cryptocurrency to revisit the three thousand dollar levels again as crypto markets puke again in face of 19, governments are unveiling several stimulus packages to cushion these slowly weakening global economy. The U.S. in particular has launched trillion dollar bailouts, which even include checks to citizens. In a recent blog blog post blog post, Arthur Hayes notes that all these solutions will eventually favor Bitcoin in the long run as it is the hardest form of digital money. The U.S. dollar, on the other hand, will face an inevitable collapse due to the unending money printing. Hayes reiterates the widely known fact that as the U.S. prints a lot of money in an effort to monetize the government’s debt, the dollar will collapse and inflation will be prevalent at the moment. The number of above but dub dub, dub dub chopped NASA all about a lot of gloom and doom. The point is, for some reason, I wonder why the last couple of weeks as we’ve seen a declining global economy. A lot of people are trying to or rather have set their gaze directly upon Bitcoin, not even that they’re trying to do something else. They have tunnel vision focusing directly on Bitcoin and exactly where it’s going to go. What do we see now? And the pattern that I am seeing is that apparently after we have been unable to pass by the I think a seventy to seventy three hundred was also a very big number. For some reason we couldn’t stay above this. We kept on going down, up, up, up, up, up, over and over and as we could not get by seventy five hundred and of course logically also not seventy seven hundred and bitcoin has fallen below 7000 that it appears. What’s the guy’s name. Arthur Hayes. Almost as something else was a singer. I’m pretty sure that was a singer. It sounds like a singer. Apparently a lot of people, and not just Mr. Hayes here all believe that bitcoin is poised for a drop of the kind of drops I’m hearing are anywhere between five thousand three thousand thirty five hundred sixty two hundred. Give or take. But then apparently afterwards there will be a a bump back up, if you will. This is kind of news all over the place. I guess Arthur Hayes has become rich enough within the cryptocurrency space that when you say something, millions of other people write articles about you because they take your word for a law. No one knows how realistic a drop back to 3000 is or nonetheless a five thousand or fifty five hundred or even directly a six thousand dollar price of bitcoin is once again. It’s more like a.. And remember I said this before in other videos as well. Not to discount or count out these people, it’s more of a you can say whatever predictions you want. And if they end up coming true, you can then go see. See, I told you that would happen. But when they don’t happen, especially around the specified time and or date, I. This this this drop is supposed to be happening within the next. Or weeks the. The predictions that we’re seeing. And if they don’t end up happening, you can simply just make a new prediction and people will have forgotten about the other prediction because that’s how predictions worked. He also predicted. That after the dip that bitcoin will push back above or to twenty thousand dollars this year. This is something that we’ve also heard fairly often amongst. Not professionals and big, big, big, big money people within the cryptocurrency space that there may be a dip or it looks like a dip could be coming or prices could be going down, which could also just simply be something inside of their heads that’s telling them that the Bitcoin price has to drop alongside the traditional stock market as we know that we’re going to see a further drop in the stock markets. And if we don’t, I mean, listen, we won’t know that the stock market is manipulated. So that’s kind of neither here nor there. The point being, the one thing that kind of holds true amongst all of these predictions is it’s everyone likes everyone. Every prediction thus far has noted that Bitcoin will slide down a bit, which is kind of nonsensical, because at some point Bitcoin is going to fall down in price, whatever the second point being. Is that during the rest of this year, Bitcoin will make a move above ten thousand fifteen and then subsequently hit back to twenty thousand. I’m not so sure about that fifty thousand dollar bitcoin this year. Who knows? Weirder things have happened within the bitcoin space. That would be a 10 x from where we currently are. Ish. 9 X when? In 2017 we had a. Twenty point five X. Anyway, we’ll see as time ends up going on and tying directly, they are tied at the foot with all of this. Peter Schiff, a well-known economist and renowned author, I wouldn’t say that renowned author has taken another stab at Bitcoin as he commonly compares a digital asset with gold, outlining its intrinsic lack of value or lack of intrinsic value. The expert now says that the precious metal will outperform Bitcoin as the latter will simply crash. Bitcoin is commonly compared to gold and its property to serve as a store of value. In fact, the chairman of the US Federal Reserve, Jerome Powell, refer to it as a speculative store of value, just like gold. This doesn’t seem to be the opinion of Peter Schiff, though, as he’s been known for refuting bitcoins by this. Peter Schiff, for those of you who don’t know, has nothing better to do with his time. I am certain if I had billions of dollars, I would not even care about what what a bitcoin was almost cast. But for some reason, Peter Schiff sitting in his home alone, I assume this is one of his major fascinations. He reiterated his views today once again, saying that Bitcoin will ultimately crash back to Earth. He said over the past several years, bitcoin holders or I wrote Hodler is good for him. Bitcoin Hodler is poked fun at gold. All his he’s he’s insecure. Bitcoin Hodler is poked fun at gold investors because bitcoin gained so much more than gold. Over the next several years, those roles will reverse, but not because gold rises more than bitcoin, because we all know that won’t happen. But because gold moons as bitcoin crashes back to earth. All that sweet we all. So first of all, for those of you who don’t know Bitcoin over the last 10 years has this is not a fake number. I think it has risen more than 9 million percent. You can Google it like Google it right now. It’s the actual real number. Bitcoin has outperformed every other possible asset that has ever existed ever. One of the main things that Mr. Schiff has had a problem with is that since around 2012, 2013, people started getting into bitcoin. And this was around the time when markets started recovering around the world. I think gold also performed relatively well around this time. Remember if gold was around twelve hundred thirteen hundred eleven hundred kenmare with the exact number. And over the last year or two, gold has risen from twelve hundred to sixteen hundred. Well, during that same time period time, Bitcoin went from nothing to one cent to twenty thousand dollars. Even if you go back to the seven thousand six hundred eight thousand, brbut everywhere we are right now. The point being, without having to lollygag any longer. I for some reason, Peter Schiff just doesn’t understand. That’s so there was even a news article a couple of weeks ago, there was a guy I think he was fleeing some country now like a bad flea, not like an illegal flea, but he was you know, I don’t want to stay in that terrible country anymore. I think he had a bag of gold or something like that. I’m not joking. I mean. Sure. And I think as he landed, as he was trying to go through the airport, he was stopped. I think they confiscated all of his gold. And people are like, well, listen, you know, if you land with a USB drive or a ledger or something in your pocket and has your bitcoin on it, they’re probably not going to stop you because they won’t. You have to go through the entire thing or the DVD. Also, the point being, you don’t have to flee with your bitcoin. You can simply just hold it on a ledger or just put it onto the blockchain or have your password, I guess is a million to one things you can do that don’t require you to. Have a bag full of kilos worth of of gold to try and swap back into dollars, because once again, you can’t go into it again. There’s there are not many stores or any stores you’re gonna go into. Take out a hunk of gold, take out a chisel, take off a piece of it and go. I want that couch. Here’s my gold. They’re gonna look at you like you’re completely insane because they also have to be able to make sure that the gold is actually real, which they can’t do because they are a furniture store. So a lot of people especially I mean, we’ve we we’ve we’ve we’ve we’ve heard this. I’ve seen a slowdown in the amount of people who have. Talked down to about Bitcoin over the last several years, I assume they’ve just learned their place. I don’t mean to be, you know, but it’s more like it is. Just stop talking about it if you don’t care about it. Don’t talk about it for some reason. Peter Schiff is adamant that Bitcoin is going to go to zero. You can find articles from around 2014. Fifteen of sixteen. Peter Schiff heatedly said over and over that Bitcoin was heading down to zero. And I think he says it once a year. Maybe it’s just his thing. Maybe he has like. Anyway, the point is he commonly or consistently I think he doesn’t realize that there are a set amount of bitcoin and that’s what makes bitcoin special. It’s because we know logically that there’s more gold in the earth and there’s more than twenty one million pieces of gold. If there had been a point where there were only twenty one million pieces of gold that we could ever find is out of the earth, and six million of them had been lost the same exact way with bitcoin, then gold would react relatively differently. However. Yeah. The the the price predictions just keep on coming. And apparently he’s also shorted Bitcoin. I mean. Well, I. Don’t wish ill economically on anyone. However, I will say the amount of people who are shorting and or betting against the Bitcoin. I would love to see where they are in four years. Can you imagine a scenario where Bitcoin. Goes above one hundred and fifty thousand over the next four years, and all these people who shorted it just don’t have any when they could have had like 10, 15, 20 bitcoin anyway. I wish the. Good luck, Mr. Schiff, and everyone else out there who is betting against Bitcoin, even many people within the cryptocurrency space just don’t own any Bitcoin. I want to know how that goes in a couple of years. But I mean, we’ll have that discussion when the time rolls around anyway. Those are the price predictions. If you want to call them that for the last day, we have them quite often. I know a lot of people don’t really care for price predictions because they are predictions and not. Real addiction’s of what’s. That’s not a word of what exactly is going to happen, but you kind of get what I’m saying. I find some of them quite fascinating. Next up, J.P. Morgan predicts that the number 19 situation will continue to worsen, the economy would get a lot worse before it gets a chance to get a lot better or a few weeks now. The effect of a number 19 has been biting on financial markets. These effects, unsurprisingly, have hit the economy so hard that the U.S. Federal Reserve recently printed a few trillion dollars to support the economy, even though the government is doing its best to prevent a total plunge. Multinational financial services company JP Morgan as a grim forecast for the economy. A while ago, JP Morgan economist announced the economy would suffer a bit. At the time, they forecasted that the country’s GDP or gross domestic product in the second quarter would crash by about 25 percent. The team has now changed that figure announcing a 40 percent dip in GDP. In addition to this, they also predict that this dip will affect unemployment and rates will drop to around 20 percent. J.P. Morgan says job losses will hit twenty five million. The economists also wrote that in less than a month, less than a month, less than the 30 days, there have been sixteen point eight individual applications for unemployment benefits one month. One, remember, we were talking about the actual numbers of how much longer this could go on in one month. Nearly so it’s probably realistically since I made that video is probably over 17 million people who have put in applications or going to. I’m in I’m sure I’m sure there are more people who are putting them in or more people who are just trying to access these Web sites on reaching these conclusions. JP Morgan says it’s been difficult to figure out specifics on how exactly number 19 has affected the economy. Many other firms trying to make predictions have also face the same problems. Wow. As we are right and have been repeatedly changing their figures in the forecast, the economists said over the last few weeks, forecasters have been operating in a fog because they have no idea what what we have going on. No one was prepared for. No one. And that’s why whenever we. What was the thing that we had? I like about about about about a week or two ago when the when when the. Oh, so. That’s what was I think it was a CNBC article or something like it was somewhere and they were referring to the fact that the global economy had fallen. And it was like. The economy is in turmoil. This is so and so this is falling apart. But the what? But the gold bugs knew this was going to happen is like no. People who like gold or who like crypto had no idea that any of this was going to happen. A lot of the predictions for this year before we got into this year were actually quite positive because we were on a multi-year bull run and a lot of people thought that this would kind of continue. So the idea that gold was going to go up or move up any direction because like no one no one predicted this, no one knew that this was going to happen since I got it. So. Listen, listen, listen, listen. This is very, very important. This is why predictions are bull hockey. If I can kind of say that I got into crypto in drought 2012 this year on the same exact time when the U.S. economy was just slightly. Beginning to recover, and I remember people have asked me before if I was ever into gold and silver and precious metals. Yes and no. I started getting into it, and I remember I think I was gonna make some purchases and I was like, yeah, this sounds really cool. And I remember I did as much research as I possibly could because I knew nothing about it. I just wasn’t gonna go into a storm like get me some gold. So I remember doing tons of research and it was there was a couple of channels that I was actually following and I found the really cool they would they would like show how much they had and how much. So and so and the price of them, blah, blah, blah. But every cent that they were there was one constant theme over and over. They kept on talking about the price. They kept on saying, yeah, I got an ounce of gold. It’s currently this price. But I’m expecting in about a year to the price because of the economy is going to collapse. There were a lot of fruit for those of you who forgot the the olden times in 2012. A lot of people thought that the economy was going to re crash in 2012 and 2013. This is when I was talking about it’s called Homes Under the Hammer. I think that was a show. Thank you to that person who wrote it in the in the comment section. I just sort of rewatching those again. They’re so good. A lot of people around that time were actually afraid to buy real estate because they expected another huge dramatic drop in the markets. One of the main things that kept on popping up through all of these bullion, gold and silver channels was that everyone kept on saying they expected the price of gold to go from twelve hundred to four thousand. Silver was expected to go, I think it was 12, 13, 14, announced 15 items, the exact number they expected it to go up to around I think one hundred and eighty per ounce or at some point be one fourth of the price of gold. That was all these little numbers and stuff that were kind of floating around. And I remember being like, wow, that’s crazy. As I remember doing the calculations and talking to my friends. And I was like, if we get in now, we cash out around this point. We can make X amount of money. We can put that into where they say we had all these figures floating around. And I think I was watching channels for about a month and it’s the same predictions kept on coming up. And I was I well, the market hasn’t really moved. And I was like, nothing’s really happening. All the doom and gloom situations is kind of didn’t really take effect. So I started going through people’s YouTube channels like to see like where they had come from. Some of these people had YouTube channels for like three, four, five, six, seven years. And I was scroll back about a year and their videos said the exact same thing as they did before they were still predicting. That the price of gold was going to go from this to this, and it was kind of the. So the point to be made after all of my long stories is that no one knew that any of this was going to happen. I bet my bottom dollar on the 1st of January, there wasn’t one economist anywhere on this planet who was like number 19 is going to destroy the world’s economy. It just wasn’t a thing. There was no one who knew that this was going to take place. And this is why whenever we see these movements downwards, especially, I see sometimes people talking really fast. I see a lot of people in the comment section asking me where I think things are gonna go or how this could have happened or so and so and so that I foresee this is like, no, no one no one knew this was going to happen. No one knew this was going to take place whenever we see any drops in the cryptocurrency market. I just have to at some point attribute it to two basic human fear because no one really knows what’s going to take place. The entire rhetoric that we had for this year is that these the stock market may have crashed. For those of you who didn’t pay attention during 2018 and 2019, something weird started taking place because before it was just kind of normal. People like me saying the sky is falling, the sky is falling. Talking about the global economy, 2018, end of 2018, 2019. Tons of economists are going onto the news, multiple from JP Morgan, Bloomberg, everywhere. And they were like, yeah, we foresee something really bad happening to the economy. It can’t hold up its legs anymore, yada, yada, yada. And then you pile 19 on top of that. And this is kind of where we get the situation that we kind of have right now. So the entire idea for the cryptocurrency space was the having having was the main focal point for this year. So even if we do at some point end up having a drop in Bitcoin’s price as we get closer to the having or after the having, I think it’s just logical that it could kind of take place. Not saying that it’s going to, but you have to understand what we have is. Reminiscent a remnant. It feels similar to two thousand seven, eight and nine. Nobody knows what’s going to happen. People were very shocked that the economy dropped as much in 2008 and 2009, and no one knows exactly how far this is going to go in 2008 2009. We did not see unemployment. Around sixteen point eight million people were still allowed to go to work there. This is completely unprecedented. We have no idea what’s going to happen or how far this is going to go or how long this is going to last. The point being that was just for the entire prediction thing, because I keep seeing a lot of them and even even even Peter Schiff talking like, shut up, dude, like you have no idea what you’re talking about. He’s he’s giddy because the world economy is plunging after for the past 15 years, he was saying that it was going to plunge at some point. You had to be correct. This is how markets work. We know that around every 7 to 10 years, stock markets crash. So at some point, if you keep screaming the same thing over and over, you’re gonna be correct. Just at some point, like it’s like, I’m OK. My prediction, Bitcoin Bitcoin is going to go down and then I’m at my head. And then at some point Bitcoin is going to go back up. I can I can see it. So clearly Bitcoin Bitcoin’s going to hit ten thousand. I don’t know when. I don’t know how. I don’t know why. And I don’t know because of who. But it’s going to hit ten thousand when it hits ten thousand. It might it might go below 10000 or talking to the spirits is rough man. I mean it’s just very, very difficult. The point being. After all of that. No one knows where any of this is going to go. Expect further crashes, expect the market to continue to go down. I always say this, these numbers. It just said it’s somewhere around here as well. They go banks and institutions go through these numbers months ahead of all of us. So the numbers that they had, like I said, that they they predicted a forecast in the first quarter. Twenty five percent drop. Now it’s 40. ET cetera, et cetera. They’ve been doing these numbers for months. And I’m pretty sure they have prediction projections of exactly how far this is going to go over the next couple of months. And they probably see a very grim future. So just assume, right? No, no, no. The the point to be had is, is when they finally say these things out loud, this is when is usually actually very bad because they usually kind of keep these things for themselves. You’ve all seen the before when they have projections for like a lower GDP or a lower earnings, so and so. But at the end of the year, they go, yeah, we had a we had some projections, but we actually didn’t. We never hit those numbers. So we did pretty well this year. It’s always a. You tell people that you’re doing well after you thought you were going to do bad, just kind of like boost yourself up kind of thing. But now that we’re getting these numbers and where we are, we are where we are. I promise you, we are going to pass by. Twenty five million jobless just within the U.S. I promise you, it’s all but certain or weeks to have sixteen point eight million. This isn’t. And this is I bet you this is not going away in the next week or the next two weeks or the next three weeks. So one can only assume there’s going to be a further dip, as it were. But yeah, that was just my thought, even a rant. I just I just see so much nonsense all over the place. It is kind of like, yeah, we we we knew that. Yeah. All right. All right. We got it. OK. Sure. Anyway. Just as a as a clarification, I can even go through this entire thing. Bank of America executives have confirmed their partnership, partnership, partnership with exampIe parent company REPL. It says it’s somewhere around here. Apparently someone named X Stewart or Stewart SRP. Does it matter? Found the actual transcript from the people from Bank of America. And then apparently Julie Harris B O F A head of global banking, digital security, commented on the bank’s partner with REPL saying these are fintechs they were partnering with. They’ve come through all of our rigour of legal and compliance and we’re able to leverage our banking as a platform to deliver that to you. So apparently the news that we had about two days ago was that the rumor was that Bank of America had partnered with REPL. And now apparently it’s been clarified and confirmed. So go, team. Why did that. Let’s move on. Next up, BLOCK One plans to actively start voting for iOS block producers sometime next month. The Cayman Islands bits. Why is it there in the Cayman Islands? The Cayman Islands based developer house announced on Wednesday that having watched iOS develop over the past two years and now thinks that it’s time right for it to come off the sidelines, it began actively contributing to the network. Hundreds of block producers have contributed a tremendous amount of code knowledge and leadership. Initially, in the coming weeks, we plan to use our voting stake to begin highlighting and voting for many of the candidates potentially even in rotation to showcase these organizations achievements, values and network contributions, the Post said, referring to block producers and stand-by block producers. That’s actually I’ll get back to that and actually I can tell you, but right now this is actually quite interesting. So a lot of the controversy, as it were, surrounding this situation has to do with the fact that in the beginning, when iOS had still has the 21 block producers, the people who validate the transactions on the network. Apparently, a lot of people the rumor was that they were paying for themselves to be able to do so. The more iOS you had air quotes, the more power you had on the network. So the fact that the people who created iOS BLOCK 1 are now planning to also start voting themselves for block producers. You wonder if they’ll do some type of like a favoritism thing, i.e. block one has an enormous amount of iOS, a kind of a clip’s everyone else in them. The amount of iOS that they have and therefore they’d be able to vote for whoever they wanted. So the idea that they’d be able to do this in rotation is actually quite interesting because you have the 21 block producers, there’s like a list and they’ll show you who’s number. Twenty two. Twenty three, twenty four. Twenty five. You know who’s in the DVD. Stand by if you will, to actually be rotated. Should they gain enough vote during the next voting round. But if I think I think would be interesting to see a rotation so that it’s not just the same people being voted to be the twenty one every single time over and over. I mean it doesn’t sound very significant if you aren’t into iOS and you haven’t really paid attention to it, but it does sound kind of nice. It would kind of anyway. BLOCK One has been looking to participate since a month after the network launched in June. Has it been that long? Oh, gosh. The network launched in June 2018. In a July post that year, the company said it would vote for block producers. Though this did not happen, I assume this had to do with everyone. For those of you who didn’t follow the launch of iOS, I mean immediately after when all the blog producers were like a sign and stuff like that, and when it took the network like four days to finally get off the ground. You remember all that. Remember the time that it took for the network to finally, like, activate and the for all the people to finally vote and all the people to, like, stake their coins in the network. Interesting times BLOCK One announces its intention to begin participating in governance in November at the time, the company said it wanted to play a proportional role and suggesting new proposals, as well as supporting projects and teams contributing to the overall health of the network. Following the four billion dollar ICAO block, one allocated 10 percent of the total iOS tokens apply. But its share has slowly declined as new iOS tokens have entered the ecosystem from block producers validating new blocks. Eighteen months after the ICAO in November 2019, the company’s share was down to about 9.5 percent. Oh, wow, that’s that’s so low. The point is, yet iOS is now. I mean, block one is not going to start voting on iOS. And I wonder exactly what that will do to the entire situation because block one has their own ideas. I’m sure of how the network should be run, how things should be allocated, who should be running things, who should be shown this show and show. So and so I can I talk this morning? That’s the major iOS news. Here’s the actual blog post, if you will. BLOCK one’s public blockchain engagement expands plans to begin iOS voting in May 2020 ie. Does this coincide with the launch of a voice? By any chance, I guess that would make a bit more sense. They kinda want to make sure that this is. Good, who goes off without a hitch? But yeah, that’s the iOS news. BLOCK one plans on voting on their network that they created, which I guess kind of makes sense because they created it is just a matter of what will come of this as time ends up going on. Yeah. Next up. 3 I queue a Canadian crypto asset portfolio manager listed the first Bitcoin fund on the Toronto Stock Exchange with the Winklevoss is Gemini as a custodian? The fund allows Canadians to invest in Bitcoin through their regulated investment managers without the hassles of self custody and with some incentives. I hate I hate self customizing it, so it’s so difficult just putting stuff onto a ledger. Tyler said the bitcoin fund just launched in the Toronto Stock Exchange. This is the first public bitcoin fund listed on a major global stock exchange. Proud that Jemini was selected as the custodian for this fund. Congrats to 3 IQ for making history. 90 percent plus of Canada’s wealth is held in a Canadian regulated investment dealer. 3 IQ President and why? 3 IQ? I wonder what that means. 3 IQ president and CEO Fred Pae told Decrypt and Investment Advisor cannot open up a bitcoin while therefore its client. Now what the Bitcoin Fund PI said investment investor investors investors can put bitcoin on their regular statement with their other investments. Investors should be looking at a diversified portfolio at this and this should be part of it. While seasoned investors stand to benefit from the fund, pie. said millennials should also consider it as they begin investing in tax free serv savings accounts as part of their retirement plan. I keep wanting to say fund, retirement fund, retirement plan because it eliminates the tax burden that comes with buying and selling bitcoin through a private exchange. All this was this was news kind of all over the place, news, I guess the big part is that Bitcoin continues to expand and adoption that the Winkel Vyse were used as the custodian. And I guess that Bitcoin is on a major world stock exchange and that people can now buy into it to get Bitcoin or invest in Bitcoin. I wonder how how directed that is, I have a very. Strange feeling, it’s it’s a you invest in it, but you don’t actually own it. Should the fund go belly up? You will not be able to withdraw your bitcoin, probably only fiat equivalent of the bitcoin you had inside of it. But I mean, silver lining and I always like things like this. This is yet another fund who has accumulated, been accumulating and will continue to accumulate bitcoin. And as time goes on, these numbers will come out publicly and we’ll see exactly how little bitcoin there actually is floating around out there, because it’s not as much as people think. I still believe that there’s lesson only a million Bitcoin actually floating around the numbers maybe I don’t know, used were inflated. They look larger because a lot of people trade daily. So we kind of see these numbers fluctuating up and down. But I think the actual amount of bitcoin that’s actually being circulating around is not it’s not more than a million. I honestly don’t think so, especially after all these rich people have been buying up for the last couple of years. Six million is lost. Not getting into the numbers again anyway. Yeah. There’s a. Bitcoin fund. In Toronto. So you’re in? No, I wouldn’t even recommend this, not that that’s a complete lie. I was going say, if you’re in Toronto. Look into it. But just just by physical bitcoin, I’d rather you buy actual bitcoin and even keep it on Coinbase. And I know that’s a lot of you were shocked. I’d rather you keep it on Coinbase because it’s still in some way. Is it still your bitcoin? So. Anyway, let’s move on. And to finish things off the crypto cash back app, Fold is launching a new visa card that allows users to earn Bitcoin rewards instead of conventional points or cash. The announcement highlights visas, increasing integration with leading companies in the cryptocurrency space that are using traditional credit and debit cards as a bridge to reach new customers interested in acquiring, storing or spending Bitcoin and other digital assets, Fold has joined Visa’s FinTech Fast Track program, which will allow the San Francisco based crypto startup to offer a co-branded visa card. A new fold card will enable consumers to earn Bitcoin back on every purchase made with the card. Will Reeves, foaled CEO, says the game note the card is a game changer as consumers will have the chance to accrue and hold Bitcoin, the leading cryptocurrency. He said People are not interested in spending bitcoin right now, nope, but are interested in accumulating it. If people don’t understand bitcoin as a money yet, they certainly will understand it as a better reward. Okay, that was smart of him. Reeves argues that foaled customers will have a distinct advantage by racking up bitcoin instead of airline miles. Loyalty points and other reward programs, he says, since bitcoin has no expiration date. Wow, that’s okay. The rewards can be used to offset the cost of consumers. Naches purchases saved or withdrawn, giving consumers freedom. And this is kind of cool. There’s actually kind of cool. And I thought that I had already gone over this. But I think this mimics. There was another company who just had their own visa card. And also we had news last week that there was also I think bilats also is going to have a debit visa, something card as well. We got a lot of news like this. I think that kind of all blend and mesh together, if you will. I like the idea of this kind of I mean. Yeah, yeah, yeah. I know. It’s good. It’s good. It’s good. He’s right. No one’s spending their bitcoin when you listen around, if you listen to a podcast revolving around cryptocurrency and our bitcoin. No one has any intentions of actually spending their bitcoin. But the issue is that they need bitcoin volumes actually end up going down if no one’s it’s it’s cool as a store value, but there needs to be volume actually passing through the system for it to be recognized as something that people would use are using. What have you. So there are a lot of companies and I think I said this about a year ago, I was wondering how they would kind of fit this into their entire thing. They’re going to start using Bitcoin in the back end. So same exact thing with backthe as far as them trading bitcoin futures with the actual bitcoin being sloshed back and forth. A lot of other companies are going to do the exact same thing as far as giving you rewards or instead of getting airline points or whatever. So and so you get it back in bitcoin so that the bitcoin is still kind of flowing because we need to see that bitcoin is actually moving. If no one’s using bitcoin, then no one’s using bitcoin. It has no value. So expect to see this as well. I think the major movements will be. I’m expecting some time in the next. Five years hyper prediction. We’re going to start seeing institutions or banks sending Bitcoin as like an in just one big chunk during the day to actually send transactions and stuff back, back and forth. It could also be something that we’ve also seen a major uptick in the amount of. Like Tasos Bitcoin and wrapped bitcoin like coins at a based off of Bitcoin. But the Bitcoin itself is not actually being sent back and forth, but the value of Bitcoin is still being said back and forth. So yeah, that’s the visa. News old card app for news for the day. It’s kind of cool. I mean, if people are going to be using the cards anyway to pay for stuff and you can get money back. Why not get bitcoin back? This is not an endorsement or an advertisment four-fold or any company. I don’t do those on the channel. It’s more like a. Yeah, I mean, it logically makes sense if you’re gonna be spending your money anyway and you can get some cash back. Why not get it back in Bitcoin? It just contributes further to you trying to accumulate an entire bitcoin, which is the goal of many a person on this on this planet. As always. A very special thank you to my Patreon and supporters. Professor Wiley from Gun by University. Out a moon man. Ex R.P.. Joshua Vinyard. Martin Story. Josh Gorcyca Tongala. An Old Song. Golo A Biblio Phobia. The Atama Reader. John Sarre said Mr Pickles Nostromo Bare Bones Mining Town Mullis Adam gracing Mohammed Ronee Mass Scimitars in Thailand. Brady Nields Jarro Schnieder Wise Night Owl to fortune to the world’s Krypto Joe Bank. Run that we’re good. Obote Wo. Adobo Male Louisa. Krypto Art is Goldie. Nicholas onEarth one-piece. One Love. Damien setsuna. Nick Cannon drishti. Bridge to Third Laddie Impeller. kripp Membership May PARC’s Cesnik manja Lavonia than Aetiology. I’m going to Jimmy Fox. Menton Coyne’s Miller Hachette’s Everyday Caskets Leg They Yes to Krypto Body McBeath face any Finn is most-wanted Staff Artomatic 17 Baking a cake Tigger A Much OLISA on Krypto with Lino Crayola. Michelle, you are l. Hold on, I have to sneeze. It really funny. I had to sneeze so bad during the video. Enough you heard me like bulbul making noises. I had to sneeze so bad it took the strength of the heavens to hold it back. I don’t know how I managed to do it was ridiculous. Thank you all very, very much for your support. And thank you to everyone who is a supporter of the channel and has hit the little join button below. At the moment the market’s down, but it’s not a big down. Bitcoin is currently at sixty eight thirty six. We keep having these really weird dips and the kind of these movements upward, I say. Anticipate a drop. It’s looking like the market wants to drop. It’s looking like whales keep trying to get it to drop as we’re having these huge moves downward every couple of hours. I think the most important thing will be to look towards the stock futures. Yeah. Yeah. The market should be open tomorrow. Yeah. Yeah. The stock futures, just because that may dictate how fearful other people are in other markets and if the prices of the cryptocurrency market will also all in tandem. Yeah. What else would I have to say. I don’t remember. No, no, no. Remember to remember to remember. Yeah. I guess that was it. Hope you all enjoyed. Hope you all are having have had to continue to have one to have a great day. Great morning. A great afternoon. A great evening. Wherever you are, wherever you might be. I do hope that is absolutely fantastic. Thank you all. Once again, we’re watching and or listening. And I will most certainly be talking to you all soon. See you.

source https://www.cryptosharks.net/latest-bitcoin-price-predictions-gold-vs-bitcoin/

0 notes

heatherrdavis1 · 5 years ago

Text

Latest Bitcoin Price Predictions Gold Vs Bitcoin 25 Million Unemployed & Block.One EOS Votes

VIDEO TRANSCRIPT

Hello, everybody. Welcome back. For another. Video. Hope you’re all doing well and that you’re all having a great day to start things off. The Bitcoin price slipped below 7000 U.S. dollars yesterday after failing to surmount these seven thousand five hundred dollar level for the third time since the crash of the 12th and 13th of March, which is a date or dates that we continuously popping up over and over again. The unprecedented correction in the crypto markets at this time said Bitcoin plummets to three thousand seven hundred dollars and hours. Peculiar, literally not a word you see often peculiarly peculiar. This came as a traditional stock. Markets also experience an equal and painful drop in the near term. It mecs CEO author hase expected the top cryptocurrency to revisit the three thousand dollar levels again as crypto markets puke again in face of 19, governments are unveiling several stimulus packages to cushion these slowly weakening global economy. The U.S. in particular has launched trillion dollar bailouts, which even include checks to citizens. In a recent blog blog post blog post, Arthur Hayes notes that all these solutions will eventually favor Bitcoin in the long run as it is the hardest form of digital money. The U.S. dollar, on the other hand, will face an inevitable collapse due to the unending money printing. Hayes reiterates the widely known fact that as the U.S. prints a lot of money in an effort to monetize the government’s debt, the dollar will collapse and inflation will be prevalent at the moment. The number of above but dub dub, dub dub chopped NASA all about a lot of gloom and doom. The point is, for some reason, I wonder why the last couple of weeks as we’ve seen a declining global economy. A lot of people are trying to or rather have set their gaze directly upon Bitcoin, not even that they’re trying to do something else. They have tunnel vision focusing directly on Bitcoin and exactly where it’s going to go. What do we see now? And the pattern that I am seeing is that apparently after we have been unable to pass by the I think a seventy to seventy three hundred was also a very big number. For some reason we couldn’t stay above this. We kept on going down, up, up, up, up, up, over and over and as we could not get by seventy five hundred and of course logically also not seventy seven hundred and bitcoin has fallen below 7000 that it appears. What’s the guy’s name. Arthur Hayes. Almost as something else was a singer. I’m pretty sure that was a singer. It sounds like a singer. Apparently a lot of people, and not just Mr. Hayes here all believe that bitcoin is poised for a drop of the kind of drops I’m hearing are anywhere between five thousand three thousand thirty five hundred sixty two hundred. Give or take. But then apparently afterwards there will be a a bump back up, if you will. This is kind of news all over the place. I guess Arthur Hayes has become rich enough within the cryptocurrency space that when you say something, millions of other people write articles about you because they take your word for a law. No one knows how realistic a drop back to 3000 is or nonetheless a five thousand or fifty five hundred or even directly a six thousand dollar price of bitcoin is once again. It’s more like a.. And remember I said this before in other videos as well. Not to discount or count out these people, it’s more of a you can say whatever predictions you want. And if they end up coming true, you can then go see. See, I told you that would happen. But when they don’t happen, especially around the specified time and or date, I. This this this drop is supposed to be happening within the next. Or weeks the. The predictions that we’re seeing. And if they don’t end up happening, you can simply just make a new prediction and people will have forgotten about the other prediction because that’s how predictions worked. He also predicted. That after the dip that bitcoin will push back above or to twenty thousand dollars this year. This is something that we’ve also heard fairly often amongst. Not professionals and big, big, big, big money people within the cryptocurrency space that there may be a dip or it looks like a dip could be coming or prices could be going down, which could also just simply be something inside of their heads that’s telling them that the Bitcoin price has to drop alongside the traditional stock market as we know that we’re going to see a further drop in the stock markets. And if we don’t, I mean, listen, we won’t know that the stock market is manipulated. So that’s kind of neither here nor there. The point being, the one thing that kind of holds true amongst all of these predictions is it’s everyone likes everyone. Every prediction thus far has noted that Bitcoin will slide down a bit, which is kind of nonsensical, because at some point Bitcoin is going to fall down in price, whatever the second point being. Is that during the rest of this year, Bitcoin will make a move above ten thousand fifteen and then subsequently hit back to twenty thousand. I’m not so sure about that fifty thousand dollar bitcoin this year. Who knows? Weirder things have happened within the bitcoin space. That would be a 10 x from where we currently are. Ish. 9 X when? In 2017 we had a. Twenty point five X. Anyway, we’ll see as time ends up going on and tying directly, they are tied at the foot with all of this. Peter Schiff, a well-known economist and renowned author, I wouldn’t say that renowned author has taken another stab at Bitcoin as he commonly compares a digital asset with gold, outlining its intrinsic lack of value or lack of intrinsic value. The expert now says that the precious metal will outperform Bitcoin as the latter will simply crash. Bitcoin is commonly compared to gold and its property to serve as a store of value. In fact, the chairman of the US Federal Reserve, Jerome Powell, refer to it as a speculative store of value, just like gold. This doesn’t seem to be the opinion of Peter Schiff, though, as he’s been known for refuting bitcoins by this. Peter Schiff, for those of you who don’t know, has nothing better to do with his time. I am certain if I had billions of dollars, I would not even care about what what a bitcoin was almost cast. But for some reason, Peter Schiff sitting in his home alone, I assume this is one of his major fascinations. He reiterated his views today once again, saying that Bitcoin will ultimately crash back to Earth. He said over the past several years, bitcoin holders or I wrote Hodler is good for him. Bitcoin Hodler is poked fun at gold. All his he’s he’s insecure. Bitcoin Hodler is poked fun at gold investors because bitcoin gained so much more than gold. Over the next several years, those roles will reverse, but not because gold rises more than bitcoin, because we all know that won’t happen. But because gold moons as bitcoin crashes back to earth. All that sweet we all. So first of all, for those of you who don’t know Bitcoin over the last 10 years has this is not a fake number. I think it has risen more than 9 million percent. You can Google it like Google it right now. It’s the actual real number. Bitcoin has outperformed every other possible asset that has ever existed ever. One of the main things that Mr. Schiff has had a problem with is that since around 2012, 2013, people started getting into bitcoin. And this was around the time when markets started recovering around the world. I think gold also performed relatively well around this time. Remember if gold was around twelve hundred thirteen hundred eleven hundred kenmare with the exact number. And over the last year or two, gold has risen from twelve hundred to sixteen hundred. Well, during that same time period time, Bitcoin went from nothing to one cent to twenty thousand dollars. Even if you go back to the seven thousand six hundred eight thousand, brbut everywhere we are right now. The point being, without having to lollygag any longer. I for some reason, Peter Schiff just doesn’t understand. That’s so there was even a news article a couple of weeks ago, there was a guy I think he was fleeing some country now like a bad flea, not like an illegal flea, but he was you know, I don’t want to stay in that terrible country anymore. I think he had a bag of gold or something like that. I’m not joking. I mean. Sure. And I think as he landed, as he was trying to go through the airport, he was stopped. I think they confiscated all of his gold. And people are like, well, listen, you know, if you land with a USB drive or a ledger or something in your pocket and has your bitcoin on it, they’re probably not going to stop you because they won’t. You have to go through the entire thing or the DVD. Also, the point being, you don’t have to flee with your bitcoin. You can simply just hold it on a ledger or just put it onto the blockchain or have your password, I guess is a million to one things you can do that don’t require you to. Have a bag full of kilos worth of of gold to try and swap back into dollars, because once again, you can’t go into it again. There’s there are not many stores or any stores you’re gonna go into. Take out a hunk of gold, take out a chisel, take off a piece of it and go. I want that couch. Here’s my gold. They’re gonna look at you like you’re completely insane because they also have to be able to make sure that the gold is actually real, which they can’t do because they are a furniture store. So a lot of people especially I mean, we’ve we we’ve we’ve we’ve we’ve heard this. I’ve seen a slowdown in the amount of people who have. Talked down to about Bitcoin over the last several years, I assume they’ve just learned their place. I don’t mean to be, you know, but it’s more like it is. Just stop talking about it if you don’t care about it. Don’t talk about it for some reason. Peter Schiff is adamant that Bitcoin is going to go to zero. You can find articles from around 2014. Fifteen of sixteen. Peter Schiff heatedly said over and over that Bitcoin was heading down to zero. And I think he says it once a year. Maybe it’s just his thing. Maybe he has like. Anyway, the point is he commonly or consistently I think he doesn’t realize that there are a set amount of bitcoin and that’s what makes bitcoin special. It’s because we know logically that there’s more gold in the earth and there’s more than twenty one million pieces of gold. If there had been a point where there were only twenty one million pieces of gold that we could ever find is out of the earth, and six million of them had been lost the same exact way with bitcoin, then gold would react relatively differently. However. Yeah. The the the price predictions just keep on coming. And apparently he’s also shorted Bitcoin. I mean. Well, I. Don’t wish ill economically on anyone. However, I will say the amount of people who are shorting and or betting against the Bitcoin. I would love to see where they are in four years. Can you imagine a scenario where Bitcoin. Goes above one hundred and fifty thousand over the next four years, and all these people who shorted it just don’t have any when they could have had like 10, 15, 20 bitcoin anyway. I wish the. Good luck, Mr. Schiff, and everyone else out there who is betting against Bitcoin, even many people within the cryptocurrency space just don’t own any Bitcoin. I want to know how that goes in a couple of years. But I mean, we’ll have that discussion when the time rolls around anyway. Those are the price predictions. If you want to call them that for the last day, we have them quite often. I know a lot of people don’t really care for price predictions because they are predictions and not. Real addiction’s of what’s. That’s not a word of what exactly is going to happen, but you kind of get what I’m saying. I find some of them quite fascinating. Next up, J.P. Morgan predicts that the number 19 situation will continue to worsen, the economy would get a lot worse before it gets a chance to get a lot better or a few weeks now. The effect of a number 19 has been biting on financial markets. These effects, unsurprisingly, have hit the economy so hard that the U.S. Federal Reserve recently printed a few trillion dollars to support the economy, even though the government is doing its best to prevent a total plunge. Multinational financial services company JP Morgan as a grim forecast for the economy. A while ago, JP Morgan economist announced the economy would suffer a bit. At the time, they forecasted that the country’s GDP or gross domestic product in the second quarter would crash by about 25 percent. The team has now changed that figure announcing a 40 percent dip in GDP. In addition to this, they also predict that this dip will affect unemployment and rates will drop to around 20 percent. J.P. Morgan says job losses will hit twenty five million. The economists also wrote that in less than a month, less than a month, less than the 30 days, there have been sixteen point eight individual applications for unemployment benefits one month. One, remember, we were talking about the actual numbers of how much longer this could go on in one month. Nearly so it’s probably realistically since I made that video is probably over 17 million people who have put in applications or going to. I’m in I’m sure I’m sure there are more people who are putting them in or more people who are just trying to access these Web sites on reaching these conclusions. JP Morgan says it’s been difficult to figure out specifics on how exactly number 19 has affected the economy. Many other firms trying to make predictions have also face the same problems. Wow. As we are right and have been repeatedly changing their figures in the forecast, the economists said over the last few weeks, forecasters have been operating in a fog because they have no idea what what we have going on. No one was prepared for. No one. And that’s why whenever we. What was the thing that we had? I like about about about about a week or two ago when the when when the. Oh, so. That’s what was I think it was a CNBC article or something like it was somewhere and they were referring to the fact that the global economy had fallen. And it was like. The economy is in turmoil. This is so and so this is falling apart. But the what? But the gold bugs knew this was going to happen is like no. People who like gold or who like crypto had no idea that any of this was going to happen. A lot of the predictions for this year before we got into this year were actually quite positive because we were on a multi-year bull run and a lot of people thought that this would kind of continue. So the idea that gold was going to go up or move up any direction because like no one no one predicted this, no one knew that this was going to happen since I got it. So. Listen, listen, listen, listen. This is very, very important. This is why predictions are bull hockey. If I can kind of say that I got into crypto in drought 2012 this year on the same exact time when the U.S. economy was just slightly. Beginning to recover, and I remember people have asked me before if I was ever into gold and silver and precious metals. Yes and no. I started getting into it, and I remember I think I was gonna make some purchases and I was like, yeah, this sounds really cool. And I remember I did as much research as I possibly could because I knew nothing about it. I just wasn’t gonna go into a storm like get me some gold. So I remember doing tons of research and it was there was a couple of channels that I was actually following and I found the really cool they would they would like show how much they had and how much. So and so and the price of them, blah, blah, blah. But every cent that they were there was one constant theme over and over. They kept on talking about the price. They kept on saying, yeah, I got an ounce of gold. It’s currently this price. But I’m expecting in about a year to the price because of the economy is going to collapse. There were a lot of fruit for those of you who forgot the the olden times in 2012. A lot of people thought that the economy was going to re crash in 2012 and 2013. This is when I was talking about it’s called Homes Under the Hammer. I think that was a show. Thank you to that person who wrote it in the in the comment section. I just sort of rewatching those again. They’re so good. A lot of people around that time were actually afraid to buy real estate because they expected another huge dramatic drop in the markets. One of the main things that kept on popping up through all of these bullion, gold and silver channels was that everyone kept on saying they expected the price of gold to go from twelve hundred to four thousand. Silver was expected to go, I think it was 12, 13, 14, announced 15 items, the exact number they expected it to go up to around I think one hundred and eighty per ounce or at some point be one fourth of the price of gold. That was all these little numbers and stuff that were kind of floating around. And I remember being like, wow, that’s crazy. As I remember doing the calculations and talking to my friends. And I was like, if we get in now, we cash out around this point. We can make X amount of money. We can put that into where they say we had all these figures floating around. And I think I was watching channels for about a month and it’s the same predictions kept on coming up. And I was I well, the market hasn’t really moved. And I was like, nothing’s really happening. All the doom and gloom situations is kind of didn’t really take effect. So I started going through people’s YouTube channels like to see like where they had come from. Some of these people had YouTube channels for like three, four, five, six, seven years. And I was scroll back about a year and their videos said the exact same thing as they did before they were still predicting. That the price of gold was going to go from this to this, and it was kind of the. So the point to be made after all of my long stories is that no one knew that any of this was going to happen. I bet my bottom dollar on the 1st of January, there wasn’t one economist anywhere on this planet who was like number 19 is going to destroy the world’s economy. It just wasn’t a thing. There was no one who knew that this was going to take place. And this is why whenever we see these movements downwards, especially, I see sometimes people talking really fast. I see a lot of people in the comment section asking me where I think things are gonna go or how this could have happened or so and so and so that I foresee this is like, no, no one no one knew this was going to happen. No one knew this was going to take place whenever we see any drops in the cryptocurrency market. I just have to at some point attribute it to two basic human fear because no one really knows what’s going to take place. The entire rhetoric that we had for this year is that these the stock market may have crashed. For those of you who didn’t pay attention during 2018 and 2019, something weird started taking place because before it was just kind of normal. People like me saying the sky is falling, the sky is falling. Talking about the global economy, 2018, end of 2018, 2019. Tons of economists are going onto the news, multiple from JP Morgan, Bloomberg, everywhere. And they were like, yeah, we foresee something really bad happening to the economy. It can’t hold up its legs anymore, yada, yada, yada. And then you pile 19 on top of that. And this is kind of where we get the situation that we kind of have right now. So the entire idea for the cryptocurrency space was the having having was the main focal point for this year. So even if we do at some point end up having a drop in Bitcoin’s price as we get closer to the having or after the having, I think it’s just logical that it could kind of take place. Not saying that it’s going to, but you have to understand what we have is. Reminiscent a remnant. It feels similar to two thousand seven, eight and nine. Nobody knows what’s going to happen. People were very shocked that the economy dropped as much in 2008 and 2009, and no one knows exactly how far this is going to go in 2008 2009. We did not see unemployment. Around sixteen point eight million people were still allowed to go to work there. This is completely unprecedented. We have no idea what’s going to happen or how far this is going to go or how long this is going to last. The point being that was just for the entire prediction thing, because I keep seeing a lot of them and even even even Peter Schiff talking like, shut up, dude, like you have no idea what you’re talking about. He’s he’s giddy because the world economy is plunging after for the past 15 years, he was saying that it was going to plunge at some point. You had to be correct. This is how markets work. We know that around every 7 to 10 years, stock markets crash. So at some point, if you keep screaming the same thing over and over, you’re gonna be correct. Just at some point, like it’s like, I’m OK. My prediction, Bitcoin Bitcoin is going to go down and then I’m at my head. And then at some point Bitcoin is going to go back up. I can I can see it. So clearly Bitcoin Bitcoin’s going to hit ten thousand. I don’t know when. I don’t know how. I don’t know why. And I don’t know because of who. But it’s going to hit ten thousand when it hits ten thousand. It might it might go below 10000 or talking to the spirits is rough man. I mean it’s just very, very difficult. The point being. After all of that. No one knows where any of this is going to go. Expect further crashes, expect the market to continue to go down. I always say this, these numbers. It just said it’s somewhere around here as well. They go banks and institutions go through these numbers months ahead of all of us. So the numbers that they had, like I said, that they they predicted a forecast in the first quarter. Twenty five percent drop. Now it’s 40. ET cetera, et cetera. They’ve been doing these numbers for months. And I’m pretty sure they have prediction projections of exactly how far this is going to go over the next couple of months. And they probably see a very grim future. So just assume, right? No, no, no. The the point to be had is, is when they finally say these things out loud, this is when is usually actually very bad because they usually kind of keep these things for themselves. You’ve all seen the before when they have projections for like a lower GDP or a lower earnings, so and so. But at the end of the year, they go, yeah, we had a we had some projections, but we actually didn’t. We never hit those numbers. So we did pretty well this year. It’s always a. You tell people that you’re doing well after you thought you were going to do bad, just kind of like boost yourself up kind of thing. But now that we’re getting these numbers and where we are, we are where we are. I promise you, we are going to pass by. Twenty five million jobless just within the U.S. I promise you, it’s all but certain or weeks to have sixteen point eight million. This isn’t. And this is I bet you this is not going away in the next week or the next two weeks or the next three weeks. So one can only assume there’s going to be a further dip, as it were. But yeah, that was just my thought, even a rant. I just I just see so much nonsense all over the place. It is kind of like, yeah, we we we knew that. Yeah. All right. All right. We got it. OK. Sure. Anyway. Just as a as a clarification, I can even go through this entire thing. Bank of America executives have confirmed their partnership, partnership, partnership with exampIe parent company REPL. It says it’s somewhere around here. Apparently someone named X Stewart or Stewart SRP. Does it matter? Found the actual transcript from the people from Bank of America. And then apparently Julie Harris B O F A head of global banking, digital security, commented on the bank’s partner with REPL saying these are fintechs they were partnering with. They’ve come through all of our rigour of legal and compliance and we’re able to leverage our banking as a platform to deliver that to you. So apparently the news that we had about two days ago was that the rumor was that Bank of America had partnered with REPL. And now apparently it’s been clarified and confirmed. So go, team. Why did that. Let’s move on. Next up, BLOCK One plans to actively start voting for iOS block producers sometime next month. The Cayman Islands bits. Why is it there in the Cayman Islands? The Cayman Islands based developer house announced on Wednesday that having watched iOS develop over the past two years and now thinks that it’s time right for it to come off the sidelines, it began actively contributing to the network. Hundreds of block producers have contributed a tremendous amount of code knowledge and leadership. Initially, in the coming weeks, we plan to use our voting stake to begin highlighting and voting for many of the candidates potentially even in rotation to showcase these organizations achievements, values and network contributions, the Post said, referring to block producers and stand-by block producers. That’s actually I’ll get back to that and actually I can tell you, but right now this is actually quite interesting. So a lot of the controversy, as it were, surrounding this situation has to do with the fact that in the beginning, when iOS had still has the 21 block producers, the people who validate the transactions on the network. Apparently, a lot of people the rumor was that they were paying for themselves to be able to do so. The more iOS you had air quotes, the more power you had on the network. So the fact that the people who created iOS BLOCK 1 are now planning to also start voting themselves for block producers. You wonder if they’ll do some type of like a favoritism thing, i.e. block one has an enormous amount of iOS, a kind of a clip’s everyone else in them. The amount of iOS that they have and therefore they’d be able to vote for whoever they wanted. So the idea that they’d be able to do this in rotation is actually quite interesting because you have the 21 block producers, there’s like a list and they’ll show you who’s number. Twenty two. Twenty three, twenty four. Twenty five. You know who’s in the DVD. Stand by if you will, to actually be rotated. Should they gain enough vote during the next voting round. But if I think I think would be interesting to see a rotation so that it’s not just the same people being voted to be the twenty one every single time over and over. I mean it doesn’t sound very significant if you aren’t into iOS and you haven’t really paid attention to it, but it does sound kind of nice. It would kind of anyway. BLOCK One has been looking to participate since a month after the network launched in June. Has it been that long? Oh, gosh. The network launched in June 2018. In a July post that year, the company said it would vote for block producers. Though this did not happen, I assume this had to do with everyone. For those of you who didn’t follow the launch of iOS, I mean immediately after when all the blog producers were like a sign and stuff like that, and when it took the network like four days to finally get off the ground. You remember all that. Remember the time that it took for the network to finally, like, activate and the for all the people to finally vote and all the people to, like, stake their coins in the network. Interesting times BLOCK One announces its intention to begin participating in governance in November at the time, the company said it wanted to play a proportional role and suggesting new proposals, as well as supporting projects and teams contributing to the overall health of the network. Following the four billion dollar ICAO block, one allocated 10 percent of the total iOS tokens apply. But its share has slowly declined as new iOS tokens have entered the ecosystem from block producers validating new blocks. Eighteen months after the ICAO in November 2019, the company’s share was down to about 9.5 percent. Oh, wow, that’s that’s so low. The point is, yet iOS is now. I mean, block one is not going to start voting on iOS. And I wonder exactly what that will do to the entire situation because block one has their own ideas. I’m sure of how the network should be run, how things should be allocated, who should be running things, who should be shown this show and show. So and so I can I talk this morning? That’s the major iOS news. Here’s the actual blog post, if you will. BLOCK one’s public blockchain engagement expands plans to begin iOS voting in May 2020 ie. Does this coincide with the launch of a voice? By any chance, I guess that would make a bit more sense. They kinda want to make sure that this is. Good, who goes off without a hitch? But yeah, that’s the iOS news. BLOCK one plans on voting on their network that they created, which I guess kind of makes sense because they created it is just a matter of what will come of this as time ends up going on. Yeah. Next up. 3 I queue a Canadian crypto asset portfolio manager listed the first Bitcoin fund on the Toronto Stock Exchange with the Winklevoss is Gemini as a custodian? The fund allows Canadians to invest in Bitcoin through their regulated investment managers without the hassles of self custody and with some incentives. I hate I hate self customizing it, so it’s so difficult just putting stuff onto a ledger. Tyler said the bitcoin fund just launched in the Toronto Stock Exchange. This is the first public bitcoin fund listed on a major global stock exchange. Proud that Jemini was selected as the custodian for this fund. Congrats to 3 IQ for making history. 90 percent plus of Canada’s wealth is held in a Canadian regulated investment dealer. 3 IQ President and why? 3 IQ? I wonder what that means. 3 IQ president and CEO Fred Pae told Decrypt and Investment Advisor cannot open up a bitcoin while therefore its client. Now what the Bitcoin Fund PI said investment investor investors investors can put bitcoin on their regular statement with their other investments. Investors should be looking at a diversified portfolio at this and this should be part of it. While seasoned investors stand to benefit from the fund, pie. said millennials should also consider it as they begin investing in tax free serv savings accounts as part of their retirement plan. I keep wanting to say fund, retirement fund, retirement plan because it eliminates the tax burden that comes with buying and selling bitcoin through a private exchange. All this was this was news kind of all over the place, news, I guess the big part is that Bitcoin continues to expand and adoption that the Winkel Vyse were used as the custodian. And I guess that Bitcoin is on a major world stock exchange and that people can now buy into it to get Bitcoin or invest in Bitcoin. I wonder how how directed that is, I have a very. Strange feeling, it’s it’s a you invest in it, but you don’t actually own it. Should the fund go belly up? You will not be able to withdraw your bitcoin, probably only fiat equivalent of the bitcoin you had inside of it. But I mean, silver lining and I always like things like this. This is yet another fund who has accumulated, been accumulating and will continue to accumulate bitcoin. And as time goes on, these numbers will come out publicly and we’ll see exactly how little bitcoin there actually is floating around out there, because it’s not as much as people think. I still believe that there’s lesson only a million Bitcoin actually floating around the numbers maybe I don’t know, used were inflated. They look larger because a lot of people trade daily. So we kind of see these numbers fluctuating up and down. But I think the actual amount of bitcoin that’s actually being circulating around is not it’s not more than a million. I honestly don’t think so, especially after all these rich people have been buying up for the last couple of years. Six million is lost. Not getting into the numbers again anyway. Yeah. There’s a. Bitcoin fund. In Toronto. So you’re in? No, I wouldn’t even recommend this, not that that’s a complete lie. I was going say, if you’re in Toronto. Look into it. But just just by physical bitcoin, I’d rather you buy actual bitcoin and even keep it on Coinbase. And I know that’s a lot of you were shocked. I’d rather you keep it on Coinbase because it’s still in some way. Is it still your bitcoin? So. Anyway, let’s move on. And to finish things off the crypto cash back app, Fold is launching a new visa card that allows users to earn Bitcoin rewards instead of conventional points or cash. The announcement highlights visas, increasing integration with leading companies in the cryptocurrency space that are using traditional credit and debit cards as a bridge to reach new customers interested in acquiring, storing or spending Bitcoin and other digital assets, Fold has joined Visa’s FinTech Fast Track program, which will allow the San Francisco based crypto startup to offer a co-branded visa card. A new fold card will enable consumers to earn Bitcoin back on every purchase made with the card. Will Reeves, foaled CEO, says the game note the card is a game changer as consumers will have the chance to accrue and hold Bitcoin, the leading cryptocurrency. He said People are not interested in spending bitcoin right now, nope, but are interested in accumulating it. If people don’t understand bitcoin as a money yet, they certainly will understand it as a better reward. Okay, that was smart of him. Reeves argues that foaled customers will have a distinct advantage by racking up bitcoin instead of airline miles. Loyalty points and other reward programs, he says, since bitcoin has no expiration date. Wow, that’s okay. The rewards can be used to offset the cost of consumers. Naches purchases saved or withdrawn, giving consumers freedom. And this is kind of cool. There’s actually kind of cool. And I thought that I had already gone over this. But I think this mimics. There was another company who just had their own visa card. And also we had news last week that there was also I think bilats also is going to have a debit visa, something card as well. We got a lot of news like this. I think that kind of all blend and mesh together, if you will. I like the idea of this kind of I mean. Yeah, yeah, yeah. I know. It’s good. It’s good. It’s good. He’s right. No one’s spending their bitcoin when you listen around, if you listen to a podcast revolving around cryptocurrency and our bitcoin. No one has any intentions of actually spending their bitcoin. But the issue is that they need bitcoin volumes actually end up going down if no one’s it’s it’s cool as a store value, but there needs to be volume actually passing through the system for it to be recognized as something that people would use are using. What have you. So there are a lot of companies and I think I said this about a year ago, I was wondering how they would kind of fit this into their entire thing. They’re going to start using Bitcoin in the back end. So same exact thing with backthe as far as them trading bitcoin futures with the actual bitcoin being sloshed back and forth. A lot of other companies are going to do the exact same thing as far as giving you rewards or instead of getting airline points or whatever. So and so you get it back in bitcoin so that the bitcoin is still kind of flowing because we need to see that bitcoin is actually moving. If no one’s using bitcoin, then no one’s using bitcoin. It has no value. So expect to see this as well. I think the major movements will be. I’m expecting some time in the next. Five years hyper prediction. We’re going to start seeing institutions or banks sending Bitcoin as like an in just one big chunk during the day to actually send transactions and stuff back, back and forth. It could also be something that we’ve also seen a major uptick in the amount of. Like Tasos Bitcoin and wrapped bitcoin like coins at a based off of Bitcoin. But the Bitcoin itself is not actually being sent back and forth, but the value of Bitcoin is still being said back and forth. So yeah, that’s the visa. News old card app for news for the day. It’s kind of cool. I mean, if people are going to be using the cards anyway to pay for stuff and you can get money back. Why not get bitcoin back? This is not an endorsement or an advertisment four-fold or any company. I don’t do those on the channel. It’s more like a. Yeah, I mean, it logically makes sense if you’re gonna be spending your money anyway and you can get some cash back. Why not get it back in Bitcoin? It just contributes further to you trying to accumulate an entire bitcoin, which is the goal of many a person on this on this planet. As always. A very special thank you to my Patreon and supporters. Professor Wiley from Gun by University. Out a moon man. Ex R.P.. Joshua Vinyard. Martin Story. Josh Gorcyca Tongala. An Old Song. Golo A Biblio Phobia. The Atama Reader. John Sarre said Mr Pickles Nostromo Bare Bones Mining Town Mullis Adam gracing Mohammed Ronee Mass Scimitars in Thailand. Brady Nields Jarro Schnieder Wise Night Owl to fortune to the world’s Krypto Joe Bank. Run that we’re good. Obote Wo. Adobo Male Louisa. Krypto Art is Goldie. Nicholas onEarth one-piece. One Love. Damien setsuna. Nick Cannon drishti. Bridge to Third Laddie Impeller. kripp Membership May PARC’s Cesnik manja Lavonia than Aetiology. I’m going to Jimmy Fox. Menton Coyne’s Miller Hachette’s Everyday Caskets Leg They Yes to Krypto Body McBeath face any Finn is most-wanted Staff Artomatic 17 Baking a cake Tigger A Much OLISA on Krypto with Lino Crayola. Michelle, you are l. Hold on, I have to sneeze. It really funny. I had to sneeze so bad during the video. Enough you heard me like bulbul making noises. I had to sneeze so bad it took the strength of the heavens to hold it back. I don’t know how I managed to do it was ridiculous. Thank you all very, very much for your support. And thank you to everyone who is a supporter of the channel and has hit the little join button below. At the moment the market’s down, but it’s not a big down. Bitcoin is currently at sixty eight thirty six. We keep having these really weird dips and the kind of these movements upward, I say. Anticipate a drop. It’s looking like the market wants to drop. It’s looking like whales keep trying to get it to drop as we’re having these huge moves downward every couple of hours. I think the most important thing will be to look towards the stock futures. Yeah. Yeah. The market should be open tomorrow. Yeah. Yeah. The stock futures, just because that may dictate how fearful other people are in other markets and if the prices of the cryptocurrency market will also all in tandem. Yeah. What else would I have to say. I don’t remember. No, no, no. Remember to remember to remember. Yeah. I guess that was it. Hope you all enjoyed. Hope you all are having have had to continue to have one to have a great day. Great morning. A great afternoon. A great evening. Wherever you are, wherever you might be. I do hope that is absolutely fantastic. Thank you all. Once again, we’re watching and or listening. And I will most certainly be talking to you all soon. See you.

Via https://www.cryptosharks.net/latest-bitcoin-price-predictions-gold-vs-bitcoin/

source https://cryptosharks.weebly.com/blog/latest-bitcoin-price-predictions-gold-vs-bitcoin-25-million-unemployed-blockone-eos-votes

0 notes

bestmarijuanaboutiques · 5 years ago

Text

Two Democratic lawmakers introduce bill to legalize recreational marijuana in Pennsylvania

New Post has been published on https://bestmarijuanaboutiques.com/?post_type=wprss_feed_item&p=23740

Two Democratic lawmakers introduce bill to legalize recreational marijuana in Pennsylvania

Amongst other things the Bill would allow

Adults 21 and older to possess, cultivate and purchase cannabis from licensed retailers.

contains social justice provisions aimed at promoting equity in the industry, including automatically expunging prior marijuana convictions and providing interest-free loans to low-income individuals who want to participate in the market.

Adults could grow up to 10 cannabis plants for personal use—more than any other state allows—under the bill.

Marijuana deliveries and social use lounges at dispensaries would also be permitted.

The Center Square reports

Democratic state Sens. Daylin Leach and Sharif Street have introduced legislation to legalize recreational marijuana in Pennsylvania for users over the age of 21.

If approved by the Legislature, the marijuana industry would generate about $500 million in the first fiscal year of operations that can be used to fund school districts, they said in a statement.

Anyone previously convicted or awaiting trial on marijuana charges would have their convictions or charges erased, according to the bill.

“Pennsylvania’s cannabis policy is cruel, irrational and expensive,” Leach said in a statement. “Prohibition has destroyed countless lives and has cost taxpayers millions.”

Pennsylvanians would be allowed to grow up to 10 plants for personal use in their homes and companies will be allowed to deliver cannabis to residences.

The bill will likely have the support of Gov. Tom Wolf, who along with Lt. Gov. John Fetterman have indicated they support legalized marijuana.

“We now know the majority of Pennsylvanians are in favor of legalization, and that includes me,” Wolf, a Democrat, said last month. “I look forward to seeing what we can accomplish together, especially the criminal justice reforms I am proposing today, which will have an immediately positive influence on thousands of families across Pennsylvania.”

Republicans in the House and Senate have indicated they will fight against legalizing recreational marijuana.

Read more at https://www.thecentersquare.com/pennsylvania/democratic-lawmakers-introduce-bill-to-legalize-recreational-marijuana-in-pennsylvania/article_0a3cda8e-ef89-11e9-a01d-9f717ed32393.html

FULL PRESS RELEASE

Leach and Street Introduce Bill Legalizing Cannabis for Adult-Use in PA

October 15, 2019

HARRISBURG – October 15, 2019– State Senator Daylin Leach (D-Montgomery/Delaware) and State Senator Sharif Street (D-Philadelphia) today introduced legislation that would end Pennsylvania’s prohibition of cannabis and would legalize cannabis for adult-use in Pennsylvania.

“Pennsylvania’s cannabis policy is cruel, irrational and expensive,” Leach said. “Prohibition has destroyed countless lives and has cost taxpayers millions.”

“We need to stop arresting our kids and funding violent drug cartels,” Leach continued. “This is going to be a tough battle, but so was passing medical marijuana. We did that, and we’ll do this too. The stakes are too high for us to fail.”

Leach and Street’s legislation will end the ongoing destruction caused by cannabis prohibition and will establish a fair protocol for the use, sale and regulation of cannabis. The bill will provide economic opportunities and cannabis business education for people of all income levels. It also offers grants and loans to people who have been harmed by prohibition that they can use to start their own cannabis businesses.

“An end to the prohibition of cannabis is overdue,” Street said. “It is time for us to join the emerging cannabis economy with the legalization of the Adult Use of Cannabis in PA., which should not be a crime when responsibly used by adults nor mandate medical oversight. The economic imperatives are too great. We also have a moral mandate to correct the damage that disparate enforcement of our Marijuana Laws has done and is still doing to communities across the commonwealth.”

Leach today introduced the bill’s language asSenate Bill 350. Next, the president pro tempore of the Senate will assign the bill to a Senate committee for consideration.

Leach started drafting SB 350 in late 2018. While he has introduced cannabis legalization bills in the past, after hearing from hundreds of Pennsylvanians on the issue, he decided to craft more comprehensive language. Leach has spent the last year meeting with and receiving feedback from stakeholders, constituents, local government officials and his colleagues in the General Assembly. The new bill no longer uses the state’s liquor stores as Pennsylvania’s method to dispense cannabis. SB 350 will establish a model that emphasizes healing the damage caused by prohibition and ensuring that Pennsylvanians of all income levels can participate in this new industry.

“Over the last two years, Senator Street and I have met with hundreds of Pennsylvanians, and hundreds of advocates, experts and stakeholders who have spent countless hours fighting and studying prohibition,” Leach said. “We’ve used all of that input, and all that we’ve learned from experts in all the other states already doing this, to create legislation that we’re confident will create an efficient new industry that is good for all Pennsylvanians.”

Key points on the bill:

Establishes a system of permits for industry participants with low barriers to entry in order to allow people with limited resources to enter the cannabis industry.

Addresses Pennsylvania’s history of criminalizing cannabis by providing for automatic expungement of previous criminal convictions, dismissal of pending charges, and commutation of sentences.

The tax revenue collected pursuant to the bill—an estimated $500 million in the first full fiscal year of operation—will be appropriated to school districts using the 2016 fair funding formula (Act 35). School districts have total discretion over the funding; they may choose to invest in their schools, hire more teachers, or even provide local tax relief to homeowners in their districts.

Use of cannabis will be permitted by adults over 21 years of age.

Home delivery of cannabis will be permitted. The bill’s language allows deliverers, who may start their own company or work for dispensaries, to use any form of transportation—from cars to bicycles to public transportation—to deliver cannabis.

People will be permitted to grow up to ten plants for personal use in their own homes.

Additional details about the bill can be foundhere.

Keystone Cannabis Coalition,Lehigh Valley NORML,Pittsburgh NORML,All Together Now PA,Pennsylvania Cannabis Festivaland Women Grow Philly have all endorsed SB 350.

“Cannabis prohibition was built on lies and racism and has resulted in literally hundreds of thousands of Pennsylvanians suffering criminal convictions merely because they chose a plant instead of an alcoholic beverage,” Pittsburgh NORML Executive Director Patrick Nightingale said. “Adult-use reform will save almost 20,000 Pennsylvanians from arrest and prosecution annually. Reform will also help affected Pennsylvanians expunge cannabis-related offenses from their record.”

“We’re fighting to create an adult-use cannabis program where individuals harmed by prohibition and small Pennsylvanian farms and businesses will have the opportunity to not only participate in the industry, but to profit from it,” Leach said.

“We are confident that an open and honest conversation about the risks and rewards of adult-use reform will help those critical of legalization to understand that it can be done responsibly and in a manner that protects our youth and our motorists,” Nightingale said.

Leach has also launched a Citizen Co-Sponsorship Campaign, where residents of Pennsylvania can sign on to support SB 350. Anyone who wants to review the bill’s language or sign on as a citizen co-sponsor may do so by visitingwww.senatorleach.com/ccc.

The federal “Marijuana Tax Act”, passed 82 years ago, prohibits the use of cannabis for recreational purposes nationwide. However, 11 states and Washington, D.C. have legalized adult-use cannabis in some form, and the United States Department of Justice has largely allowed those states to operate their protocols without federal interference. Here in Pennsylvania, prohibition has resulted in about 25,000 Pennsylvanians, disproportionately people of color, being put into the criminal justice system per year. It costs the state more than a half-billion dollars per year to arrest, prosecute, incarcerate and monitor people arrested for cannabis-related offenses. This does not even include the cost of lost labor and missed educational opportunities.

Prohibition is a major contributor to the discriminatory nature of our criminal justice system as members of minority communities are arrested for cannabis-related offenses at four times the rate of Caucasians, despite use rates being identical.

Nearly 60 percent of Pennsylvanians support ending prohibition. Eleven States and Washington, D.C. have legalized cannabis for adult use and 33 states have legalized medical cannabis, including Pennsylvania. Governor Tom Wolf also recently announced that he too supports ending prohibition.

In 2017 Leach introduced Senate Bill 213, a bill to legalize cannabis for adult use in Pennsylvania. Senate Bill 3, Leach’s bill to legalize medical marijuana, was signed into law as Act 16 of 2016. The first Pennsylvanian legally purchased medical cannabis from a dispensary in February 2018.

Street introduced Senate Bill 1265 in 2017, a bill for the decriminalization of cannabis in Pennsylvania. He also introduced Senate Resolution 421, a resolution urging the United States Congress to pass a 2018 Farm Bill that includes the Hemp Farming Act of 2018 and calling on the Pennsylvania Department of Agriculture to conduct a study of industrial hemp research pilot programs and prepare recommended draft statutory and regulatory language.

Senator Daylin Leach represents the 17th Senatorial District, which includes parts of Montgomery County and Delaware County. For more information visitwww.senatorleach.com/newsroom.

Contact:

Zak Pyzik

570-579-3644 (m)

THE INTRODUCED BILL

sb350

#Array

0 notes