My Next +900% Altcoin Bet

ladies and gents my future millionaires
welcome back to another video so bitcoin
finally broke through that 60 000 key
resistance level and today it's been
making some pretty solid gains right now
currently at 61 549 in this episode i
want to talk to you more about why
bitcoin is pumping what is in store for
us next because q4 it really only
started just a few weeks ago and things
have been shaping up pretty well and in
addition to that i wanted to talk more
about landscapes between the entire
crypto market and some of the moves that
you should consider making now although
it's great seeing bitcoin doing well
there is definitely going to be a lot
more opportunity within the altcoin
market coming up next and you still have
time to prepare for that so in this
episode what we're going to be doing is
just spit in facts making sure you guys
are informed and giving you guys my best
research and knowledge in terms of
making moves to make sure that you
capitalize on making as much money as
possible in this market before we get
started with this video like always
don't forget to drop a like down below
that really helps us out and let's hop
into the computer see what's happening
in the market for today first things
first the global crypto market cap for
today sitting at 2.48 trillion dollars
or a 4
increase over the last day this
expansive market cap movement right here
is absolutely a beauty to see but you
also have to keep an eye out on that
bitcoins dominance so we get a better
indicator on whether or not this money
is going into straight up bitcoin or
maybe we're seeing it flood into some of
those alternative assets as well in
addition to that the total crypto market
volume is currently at 123 billion or a
16.95 increase and also keep an eye out
for this the d5 volume has actually gone
up 12 as well too so most d5 products if
you guys have positions in them expect
to see that type of run as well so in
this chart right here we can actually
take a more broader view of the last one
year of the total market cap in terms of
how much money is flooding in and out of
bitcoin you'll notice at the beginning
of the year before the bull market
really started and we hit that last
previous all-time high bitcoin's
dominance was pretty high up there
almost 70 percent now ever since then
we've seen bitcoin's dominance take a
tumble going all the way down to about
39
now if you remember during this time we
had a ton of other all coins ethereum
was having its ride up we see dogecoin
here and it's green also having some
movement and we've been seeing a lot of
that money getting spread out into many
of those other all coins now what's most
interesting is that right now we're
seeing the bitcoins dominance going up
within the past few weeks and with this
type of indicator we can expect the
price of bitcoin to continue going up
but as soon as the dominance goes down
you should expect to see all coins
really start pumping back up like we
experienced before if we do get to that
point in the market it would be
considered the altcoin season so we take
a look at the altcoin monthly indicator
right now clearly it is in favor for
bitcoin bitcoin is outperforming most
assets right now and as you can see
bitcoin's been up about 13 in the last
week and even most all coins listed on
the top 10 still can't compete with the
amount of gains other than polka dot now
even in the last 30 days there are only
four other cryptocurrencies ahead of it
one being shiba inu which i hope to
actually cover on this channel very soon
now the thing is if we do take a step
back we can actually notice that many
other all coins still have been
outperforming bitcoin in the last year
and just because in the short term 30
days or even the 90 days we're not
seeing the full altcoin market emergence
i really would be on the lookout for
this we've mentioned this time and time
again on our channel and the phases of
the crypto market seem to be pretty
predictable whenever we get a flood of
new money going into bitcoin and we're
having investors finally perking their
ears up and realizing that crypto might
have some even more additional room to
grow and they don't want to miss out on
the action we get a lot of that new
money moving into bitcoin causing the
price to surge and then what ends up
happening is we see a phase overlap with
money going to ethereum so clearly we
are actually witnessing a lot of that
happening right now in today's market
with ethereum closely approaching its
previous all-time high as well the
previous all-time high for ethereum was
near 4 300 and currently we're at 3 800
as well if we close in on the last seven
days you'll notice that we had a little
bit of reds starting out in the
beginning of the week but finally we're
getting that push to the upside with
green candles almost every few days
pushing ethereum higher and higher while
bitcoin also continues to rally now to
reiterate on what we're seeing within
the market this is really just the flow
of money we're seeing the overall global
crypto market cap expanding approaching
2.5 trillion dollars bitcoins getting
that action ethereum's getting that
loving and then soon after what we
normally see are larger all coin caps
move in and then we get that quick
parabolic run into the all coins where
we have both mid cap low cap and micro
caps that all tend to pump around the
same time if you guys remember just a
few months back with dogecoin and a lot
of those other meme coins going
parabolic it seemed like everyone was
making money in the market and that's
because when you had bitcoin fill up and
that dominance was going up you would
then have people interested in looking
into those smaller cap all coins doing
more research learning about the inner
works of crypto and then putting their
money into those other assets as well so
i personally believe while we go into
this fourth quarter bitcoin is not gonna
be the only asset that experiences a ton
of green the best way to prepare for any
type of movement like this is to make
sure that you have a diversified
portfolio as much as i love seeing daily
action happening with bitcoin and even
potentially breaking a new all-time high
very very soon i do really love seeing
some random all coins that we have been
talking about for the past few months
and we just been waiting for a pump up
to start experiencing that now one of my
personal favorite cryptos that have
finally gotten a little bit of action
since its correction in the market is
going to be polygon matic this
cryptocurrency is up about 18.77
in the last day and you'll see the
previous all-time high of 2.45
we are not close to it yet but it looks
like we are starting to get that
momentum for this crypto to pick up as
well many of our top picks over the past
year with cardano solana polka dot tara
luna chain link two even at one point
before in the previous bull run where it
reached almost 50 dollars we are gonna
start experiencing a lot of that
movement within these all coins and it's
best to prepare now now if you thought
polygon's been having an incredible day
so far 20 which is pretty amazing itself
right there we had another
cryptocurrency called new cipher that
went parabolic last night and it looks
like it was sort of in a pump and dump
fashion where it quickly climbed and i
was getting massive notifications
yesterday of over 100 gains happening
over and over again just last night we
noticed this crypto hitting a near
all-time high of
3.58 before coming down to currently a
dollar sixteen cents but still much
higher than it previously was with these
cryptocurrencies the reason why they did
have a jump amidst this market is
because they did get listed on a very
popular korean exchange and that is
going to be up bit so up it yesterday
went ahead and added to their markets
four trades solana matic and new now out
of these three cryptocurrencies solana
only had about a seven percent pump
since yesterday but that is still pretty
amazing especially if you compare to the
gains that most people fight very hard
for in other traditional markets now
with all that being said let's focus on
the one question i did want to answer
and that is how come bitcoin is moving
up what actually caused this catalyst
right here so last night one of the
biggest pieces of news that was
circulating the internet was actually
the announcement that the bitcoin
futures etf would not face sec
opposition at deadline via a bloomberg
terminal screenshot here they state the
sec is supposed to allow the first u.s
bitcoin futures exchange traded fund to
begin trading in a watershed moment for
the cryptocurrency industry according to
people familiar with the matter they
state the regulator isn't likely to
block the products from starting to
trade next week said the people who
asked not to be named while discussing
the situation unlike bitcoin etf
applications that the regulator has
previously rejected the proposals by pro
shares and invesco two companies that we
also talked about in our last video so
make sure you guys watch that if you
haven't already are based on futures
contracts and were filed under mutual
fund rules at sec cherry gary gensler
has said provides significant investor
protections they continue to say barring
a last-minute reversal the fund launch
will be the culmination of a nearly
decade-long campaign by the 6.7 trillion
etf industry advocates have sought
approval as a confirmation of mainstream
acceptance of cryptocurrency since
cameron and tyler winklevoss the twins
best known for their part in the history
of facebook filed the first application
for a bitcoin etf in 2013. if you guys
also don't know they do own gemini so
that's another company that they're
closely tied in with as well now this is
huge news and as you guys know anytime
we get announcement of an etf we've been
preaching this if we get confirmation of
this the crypto market could go
absolutely parabolic now in addition to
that tether as you guys know one of the
stable coins that we've talked about
previously on our channel has finally
come to a conclusion of paying a 42
million dollar fine for misleading
customers the cftc said in a press
release that tether misrepresented the
stablecoin when it claimed that the
token was 100 backed by fiat currency
assets including us dollars and euros in
fact tether reserves were not fully
backed by the majority of the time the
cftc said the agency found that tether
only held sufficient reserves of dollars
to back outstanding tether tokens or 27
of the days during a 26-month sample
between 2016 and 2018. they state
instead of holding all usdt token
reserves and us dollars as represented
tether relied upon unregulated entities
and certain third parties to hold funds
compromising the reserves commingled
reserve funds with bitfinex's
operational and customer funds and held
reserves in non-fiat financial products
the commodities regulator also noted
that tether failed to complete routine
professional audits of its reserves so a
lot of people may actually read the
headlines on this and think it is bad
news but if you guys know a bit more
about cryptocurrency this is actually
really good just because we're finally
getting confirmation on the mystery
behind tether if there was ever a
situation in the future where there was
a collapse in the crypto market and
everyone wanted to liquidate their
position for whatever reason we would
definitely all be in a pickle especially
if you're holding tether and other
stable coins related to this asset
because they did not have the funding to
pay everyone out just in case everyone
needed the money at the same time i
would say most crypto enthusiasts and
i'm sure if you've been a follower of
this channel for the past few months you
guys may have been very skeptical behind
tether and that's why we have always
emphasized the importance of even
looking into other alternative stable
coins but tether it has been leading the
charge so the fact that they are finally
getting a little bit of punishment and
this is coming to a conclusion with just
a slap on the wrist for you know still
hefty fine but they're gonna make that
back 42 million dollar fine for
misleading their customers i can live
with that because we finally have a
little bit of the story conclusion
coming to an end and i know they're
going to do a better job at making sure
they either have those reserves or
they're going to advertise that they
don't have the full backing for it and
people are just gonna find other stable
coins to use as we continue to see
further developments in the overall
crypto markets this is exactly what we
need in order to make sure that we have
those loose ends tied up and we find
those answers to those mysterious
questions that we've had now to wrap
this video up i want to provide some
additional value in some of the crypto
assets that you can look into to make
sure you maximize your returns now i
personally believe that ethereum should
be able to crush and break through the
previous all-time high as you guys know
ethereum is still underways and there
was actually some more delayed reporting
of that ethereum 2.0 so the ethereum
core developers had a meeting today that
was streamed online on youtube as well
one of the points that was taken off
from this meeting was the fact that
ethereum's difficulty bomb is going to
get delayed to june 2022 and this is
going to be the fifth delay and the code
change is set to be released december
8th according to the meeting we also got
a latest estimate for the merge which is
going to end up happening in the end of
march 2022. the biggest lesson to me
that comes from a meeting like that is
because we're getting some further
delays it's actually going to show that
we're going to get more use case more
utility and more attention going into a
lot of these other ethereum killers that
we've seen already moon before what that
implies is any cryptocurrency that can
claim to do a better job than ethereum
like we've seen a pump up just as an
example with solana we should expect to
see additional movements of all-time
highs getting broken in the near future
now to wrap this video up the key word
for today is going to be boom comment
that down below if you guys are watching
this all the way till the end now in
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soon peace out