Bitconnect & My Opinion On Possible BTC Futures Market

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