Why Crypto is falling...
Krypto Kohrs w/ Matt Ep. 19
BTC, DOGE, MATIC, AVAX, ETH, ADA, LRC, SOL & SHIB
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Uh, oh so my oh hello, hello, hello! It is that time of the day, no matter where you are what you're doing your morning your afternoon your evening, your night doesn't matter. It is time to talk about toe now, for this particular crypto breakdown. I uh. I kind of want to dive into a few different things.

First of all, first and foremost, first and foremost, we will be discussing what's going on, why why was it looking kind of weak and then all of a sudden, we finally got a relief bounce, but starting to peter out a bit like, what's going on there, we're Going to be diving into it and it actually does relate with the overall stock market, then i have some interesting stories coming out of various countries. I want to talk a little bit about solana, a little bit of facebook, aka meta and what's going on in the metaverse, and then we're going to be talking about some nft games at the end. So make sure you stick around for that, because i actually have some questions for you. Basically, what are your favorite play to earn nft based games, but that's kind of the general.

I guess theme of the day, i'm sure my own mind will go off on some crazy tangents here and there. But overall i really want to hone in on what's going on with the overall market, particularly bitcoin, and some developments, some interesting developments that we are seeing from the good old us of a government. All right, i like to kick all these off, just seeing where we're at with the market cap, and we are still hanging out just above 2 trillion in market cap. So that's pretty much where we've been yesterday and if you take more of a, i guess, a graphical look at it.

This is what i'm talking about. They all kind of sold off here, sold off, sold off sold off. Then we started to see the swing back around in reality. I don't want to like give away all the fun stuff too early, but i think it's just kind of setting up for a cup and handle so the cup the handle and then higher and we're seeing that across many.

So we already have the cup we're starting on the handle, so let's give it a day or two, and hopefully we base make that high low and explode off of it. But for those of you who want to see kind of where we're at i'd like to kind of check this out a little bit easier to see yeah yesterday it was a bunch of green now we're kind of looking more like that christmas time, a little bit More red and then to get more of the week view remember when this was all red yesterday. Well we're definitely seeing some of these things. Bounce back actually way more green than we saw in the weekly view yesterday.

So things are starting to turn and it's more of can we make the higher low and bounce off of it in the short term? Now, speaking of the short term check out where we're at so i know bitcoin sold off, we came back up, but we're still in that extreme fear territory. I, whenever i see this, i always come back to warren buffett's quote of be greedy when others are fearful. Be fearful when others are greedy. Whenever i see this, i like to do the opposite, in fact, i added to my own crypto position recently, because i was like i like this low.
I, when i like something i want to buy it on discount. I don't want to buy it when it's expensive, so i'm viewing this the now the yesterday last week last month, all this extreme fear i like it now. I know some people, maybe you're. Looking at your p l you're, looking at your crypto portfolio, maybe things don't feel the best right now, but it's one of those things where, at least for me.

I view this as a long-term game. I'm not actively trading crypto. I don't enjoy actively trading it, especially with some of the transaction fees unless you're a whale, it's kind of not worth it, but overall in terms of an investment. You want to pick your lows when others are fearful, you want to hop in, you want to buy it on a discount.

Hopefully you make the right call and then you wait and you wait and you wait so in the short term. Let's talk about why we're seeing this red here and it does relate to a few things. First of all, the producer price index came out today, and there are some interesting numbers that i want to share with you so basically year over year, up 9.7 and the estimate was up 9.8. Yes, that does beat estimates.

That means we came in what's referred to as being soft, but that's still very high 9, almost pushing 10 inflation for producers. That is ridiculous. In the month of december itself, as you can see, we came in at 0.2, which was below the estimate of 0.4. So that's good on the month, but we are just sitting at this 9.7 number, which is the highest from 2010, and then yesterday we had the consumer price index, which was all the way back to the early 80s.

The last time we're at that high value of 7. Well, on top of that, we also had some interesting developments in the jobless claims, so u.s jobless claims jumped to highest levels. Since mid-november, we rose by about 23 000 to 230 economists pulled by the wall street journal had estimated new claims would slip to 200 000., so they thought we would slip and in reality we went up and it's really this particular one, and then, when you pair That, in with today, you had the fed governor, the vice chairman of brainerd, she was having her talk and basically yeah, no we're going to be as like hawkish as we need to to fight inflation, and then, at that point halfway through her testimony or her senate Finance, i guess, questioning whatever you want to call it doesn't really matter. Then the president also came in and he started talking about being a little bit more harsh in reference to the newest rhona surge of how we should battle that.

So you have a couple developments. You have the producer price index coming out today. You have the jobless claims coming out. You have the senate finance community talking to a very important person at the fed and then on top of it, the president came in talking about being a little bit more strict in.
I guess response to the recent covid surge. So you have a couple things and what that really ended up doing was spooking the overall market. I'm talking about the s p 500. So early this morning, they actually the market did like the ppi data that came out at 8 30 and from there hey the infinite inflation numbers are a little bit soft, that's good! All right! We like that, and that was good and then started the president and the senate and then people more so kind of a delayed reaction to the jobless claims.

This started to go down and when you see the spy and the qs both going down, that's telling you that money is going out of the higher risk higher reward investments and that's definitely what crypto is considered at this moment in time. The other thing i want to point out to you is, if you notice bitcoin, and you compare it to the similar ish time frame to the dollar index, dxy they're commonly going to move in more of an inverse manner. So this morning, or actually recently, you see the dollar going down down down down down, but then look at what happened this morning right as bitcoin was going up, the dollar was going down, but as soon as the dollar popped right here, look exactly what happened to Btc, so the dollar popped actually kind of prompted a sell-off in btc and then, when you see some pressure in btc, you kind of see it dragging the remainder of the crypto market with it. So this was a little bit earlier.

I know i'm jumping around in different time frames, but i'm just trying to paint the picture of really what ended up playing out today. So that's how we got to where we are, and i guess to clarify do i think any of this is really going to matter down the road. Well, not really, let me explain why so don't forget. Tomorrow we have a bunch of banks, reporting jp morgan, wells, fargo city, blackrock, first republic bank.

Why does that matter? Well, with these big banks, a lot of people think that this is going to be the year for banks for the financial sector because of the rate hikes another important person on the fed basically said they are penciling in three rate hikes, potentially four, depending on. If the economy needs it or not, referring to the unemployment rate, also referring to um inflation, how high is inflation because they will raise it more and more and faster if inflation is continuing to get out of hand. Now this clearly has an impact directly on crypto, particularly bitcoin thought to be an inflationary hedge, but also just these policies, if they're more strict. That means that there's less money and if there's less money in the overall system, you're gon na see some of these big players not putting so much into the higher risk assets, which is definitely including crypto, like i previously mentioned so in the short term tomorrow, before The market opens before the market opens on january 14th.
We will have a better idea, because all of these ceos are going to be sharing their thoughts and commentary not only on how they did in the previous quarter, but they're most likely going to give their idea for the guidance in the coming quarters. And that's total they're totally going to bring up how many interest rate hikes they think there's they're gon na be, i would argue, if i don't know, you're gon na have them being a little bit, not bullish, but i would say overzealous. I think they might be overstating so, for example, jamie dimon at jp morgan. He was recently talking about like he's like like at least four, and of course they want more because the more hikes there are banks are gon na make more money, but we're trying to get a better idea of what is gon na go on.

What are their thoughts, because that gives us an idea of how accommodative the current environment is going to be the less rate hikes, the more accommodative. The more rate hikes will they'll be battling inflation, but not so easy to get your hands on money. Money will no longer become cheap, it'll become expensive, obviously all tying back to interest rates. So that's a bit of the medium term, but overall i mean we could look at some of these longer term charts and all of that stuff.

Let me pull this up just so. We all have a better idea, and i know some people are calling out like the death cross and that's when the 50-day moving average crosses over the 200. It's happened before in bitcoin, it's just a cycle like we've seen it. I don't think there's like a particular need to really panic like if i show you these two, so this top line, the blue one, is the 50-day moving average and the orange one is the 200.

people are calling out this right here. They're like okay, everyone panic! It's a death cross like what are you possibly doing, and it's happened before it's gon na happen again this right here, people have already been calling this out for weeks. I honestly think whether it does or doesn't cross if it keeps going down it will cross. I think it's already people see it they've already traded as if it does.

I think it's one of those things that it's literally already priced in previously we've seen it right here back in when was this june, so we saw the death cross from there. It did go down a little bit more, but then, after that it went up up up and then we saw the golden cross. So i i mean i think it's one of those things that the naming is very, very dramatic ooh the death cross. Everyone should be worried.

Everyone should panic honestly if this does happen and for whatever reason, let's just say that a bunch of algorithms are looking at that they're like oh it officially crossed we should sell, we should sort do whatever if it does go down. My personal reaction is cool, i'll just buy more i'll line up the support. I know there's support at 40 000. I know there's actually really nice support at 36 000 and i don't think it'll get there, but if it does get to 30 i will be buying as much bitcoin and crypto in general, as i possibly possibly could i mean to the point if, if it's trading At 30 i mean that's the point where i'd, probably i don't know what i would be doing, but i would be taking on a whole nother job just so i can get some extra crypto, because that is an absolute steal now with it.
When we're talking about various time frames, so in the short time frame we have to pay attention to the interest rates the fed the fed will be talking january 25th. 26Th. We should be listening to the banks tomorrow in the medium-ish time frame. I really don't think krypto is going to do anything too nuts to gangbusters until about midway through the year, and i think that actually all comes back to the inflation discussion.

It comes back to the interest rate discussion. It comes back to a little bit of seasonality not only to crypto but also to the dollar. I think for us to see another surge in crypto, particularly the top two. Let's say: bitcoin and ethereum you're actually going to need the dollar to continue to fall off and seasonally we're just kind of waiting for some economic developments, but that seasonal weakness to actually develop in the dollar.

So look for those to be kind of inversely. Related. Look for the dxy, the dollar index, to go down for bitcoin to kind of go up. They do have that inverse esque relationship, all right so moving on, since we were talking about fear and greed and how i like to do the opposite shout out to yuri.

I always like checking out his charts right here. We have some extreme fear, but we're also getting out of somewhat of a a bullish flag. I mean not the best flag, we've ever seen, but kind of just talking about how the price and then is being depressed, but also a pop back up to this point of control, which would be around 47 000 currently trading at 40. What are we at? He must have taken this picture just a little bit ago.

Let me just double check we're currently just below 43, but i do like this like matching it up with greed and fear, because look at when you have all these pockets of extreme fear what happens right after the pop higher and then when you have extreme greed. You get the exact opposite, so i like to do the opposite. If people are fearful i like to buy and when it's greedy i mean, i don't really sell crypto, but i sit back and i just enjoy the ride because i'm not going to be buying when we're in this more of an extreme greed setup. If you want to see this chart yourself once again, it's at crypto uri, very much like those now, let's talk about some of these price targets before on different time frames, we've called out some pretty interesting ones.
The newest one is from seba bank based on institutions, which i think there's a lot higher adoption right now, like just day over day. There are people adopting this um, this concept of crypto, particularly bitcoin, and i think ethereum will follow, but they're calling out 75 000. So still almost double where we're at right now, but i think it could go higher and check this out visa survey, one in four small businesses say they will accept bitcoin in 2022.. This is a very important.

I guess aspect that i would really like to attempt to drill into everyone's head here is the acceptance is absurd, whether you're looking at small businesses, large businesses, countries, even just the atms, i was showing you that in the previous video of the adoption of this stuff Is off the charts? Are we the earliest people? No you'd have to go back more than a decade at that point to get in at the best values, but right here at least today is better than tomorrow, because as this keeps going and going and going a decade from now, i'm not saying every single crypto Coin token and project out there is going to be massively more valuable, but i think a lot of the main ones that are backed and have good technology and good teams and a good supportive base behind them compared to a decade out two decades out. We are looking at a steal. We are looking at a steal in my humble non-financial advice: non-clairvoyant opinion speaking of countries uh. We have some interesting developments here, more and more adoption.

Brazil's stock exchange plans to offer bitcoin products this year, breaking india set to launch its first bitcoin etf. I actually found this one to be a little bit more surprising than normal, because we know that india and china are particularly not the biggest fans of bitcoin, not the biggest fans of crypto. So the fact that even india is setting out to launch their first bitcoin etf, that's awesome and reminder: i think it's just a matter of time before the us sec actually finally has a spot. Bitcoin etf.

I think it's just a matter of time, but we were covering that and hester pierce, a member of the ssc, was even saying: okay, we're running out of reasons to say no to this, and once we get the spot bitcoin one, i think just a little bit After that, we'll probably get an ethereum one. This is one of my big calls for the year, but i do think that turkey's next up to bat to accept bitcoin turks pile into bitcoin and tether to escape, plunging lira. So they are in a hyper inflationary environment. So for every person who has leer just holding it every single day, they're losing money losing money losing money just on a really like a relative basis.

So a lot of them attempting to not lose money, are switching it over to crypto just to have some bit of a safeguard, and this was one of my biggest calls for the year and unfortunately for the citizens of this country. Unfortunately, for people with the lira, they're like having to experience it now, but for i would say, various countries that are in some form of economic distress, crypto is a shining beacon without a doubt. This is just a really little small story that i think, is awesome. Another solo miner, who had only been mining for two days, just mined a block worth 6.25 bitcoin.
The odds of this happening are one in six thousand. How wild is that a solo miner, someone like you, someone like me, they've, been mining for two days and in two days they got what a quarter mill six time, four yeah. Basically, a quarter mil just a little less, definitely over two thousand or two hundred thousand excuse me. How amazing is that imagine, waking up and realizing that you got multiple hundred thousand dollars and you've only been at it for two days fascinating.

That is such a cool story. I bet that person is on cloud nine right now, they're, probably buying more miners. Now, let's switch it up a little bit and talk about kind of uh, some things that we see in the other world. Other aspects of crypto uh facebook, aka meta, is hiring 10 000 people to work on the metaverse and will invest 10 billion in it in 2022.

One of my biggest calls on the year is a continued massive explosion in the world of metaverse. That's one of my biggest calls for trends this year. If you somehow don't have, i guess your toes in any way wet in the world of metaverse. I truly feel like you're missing out now i think, there's good plays, i think, there's bad place.

So you definitely have to do your dd and your research on the sectors within the metaverse that will like most likely have nice financial windfalls. But i think the general concept we are being faced with so much financial opportunity and also just very cool social, cultural, technological progression. When we are discussing things such as the metaverse just the opportunities you know me when it comes to potential, i mean untapped. Unlimited potential am i the biggest fan of facebook, leaning the charge on this? No, no! No! No, i don't think a single corporation should be doing this and i think in reality, they'll help, but i think there's also going to be a like social pushback against it, because i don't think people want a metaverse run by a singular corporation.

I don't think that's going to play out well, but in more of a general sense, this is just showing more and more adoption. I mean to throw 10 billion behind something that shows that you're pretty serious. Now one of the other biggest trends i've been calling out are basically nfts, metaverse and gaming, the intersection of all of them. So i wanted to share this with you.

Five nft based blockchain games that could soar in 2022. I want to go over them quickly, but then i want to ask you a question of what do you think the main ones are going to be? I would love to make a video of like i want to pick out whatever the most popular one is. I want to play it myself. I want to make a video of the entire experience.
Did i like it, did i dislike it? Did i make money? Did i not make money my overall thoughts, but i want to do it with the one that you all are already playing, so i know axis the one that got this all going, but there's a whole new host of these types of things. So i would love to get your feedback seriously, leave it in a comment below, but let's kick this off and hang on. First of all, this is awesome nearly 50 of active cryptocurrency, while it's connected to decentralized applications in november, were for playing games. That just shows you how popular these are.

Possibly getting so we know play to earn game. Axi was the kind of one that got it all kicked off, but here's a new one i hadn't heard of before defy kingdoms was born as a visualization of liquidity, pool, investing where in-game gardens represent literal and figurative token, pairings and liquidity pool mining. So that's kind of cool this one's built on harmony network and it looks like jewel - is going to be their local token right here, trading around 20, when this picture was taken. Guild of guardians is one of the more anticipated blockchain games of 2022 and it's built in an immutable x, the first layer, two solution built on ethereum that focuses on nfts.

Once again, this is called guild of guardians. This is a ethereum backed one, a little bit of a breather in its price, but hey. If this game does well, you could see an explosion there. Galaxy fight club gfc is a blockchain game that switched its gears from 10 000 avatar collections to the first cross brand and cross-platform pvp fighting game where players can fight with their collection of avatars.

The game is expected to launch on the polygon network and will feature different themes for various partnering collections, such as these two cyber kongs and anna anna metas, and then they're based on the g coin. There, and then we have crypto b. So this one is zelda-esque. Both on the ethereum blockchain cryptobeast is peer-to-peer electronic rare egg system first for everything right, so that's kind of cool throwback to the zelda vibes, and then they gave paid a little bit of homage right here to axi kind of the one that got this all going.

So i know these are just a cool. We talked about like a couple different ones here, but um. I would i love to see that they're, based on different networks, uh like just this explosion - it's just so so exciting and i feel like, if you're, just looking and kind of doing the research. This opportunity, it's amazing, so those are some of the ones that i guess at least coin telegraph here is getting pretty excited about but, like i said, i would love to know which ones you're in i know there's some like real estate-based ones.
I know there's more games than just these ones, but let me know whatever your most popular ones are, whichever ones you're most excited about, would love to check them out a growing number of unique nft buyers on ethereum. Look at that unique buyers spiking in december. It's just that adoption undeniable and just to quickly wrap this all up before we get to some of your questions. Solana can become the visa of digital asset world.

According to bank of america, the solana blockchain could become the visa of the digital asset ecosystem as it focuses on scalability, low transaction fees and ease of use according to bank of america. So just so, you know, solana has its own take on the proof of stake. Consensus model, it has proof of history, which some people have tried to point out is like, maybe not as secure a couple months ago. Two months ago it was ddos attacked and it kind of went offline, but it came back from that.

So there were some questions, but overall solana is wildly popular i've recently gotten into the game of checking out solana based nfts on ftx's, nft and well, first of all, what's cool about their nft world on ftx, no fees, it's all custodial, so it's all off chain! So you could save yourself a ton of money and to me in terms of a business, it's smart, because it makes the viability of quote unquote: cheaper, nfts, reasonable, like all of a sudden. If you want to deal with five dollar 10 nfts, you can because before it didn't really make sense, because the fees themselves and transferring were so expensive. But now, when you're doing this off chain stuff, i mean that's really really smart, because it opens up the world to an entire other segment of business and once again, that's an ftx, and they do that with solana and ethereum solana has experienced strong adoption since launching In 2020 has settled over 50 billion, with the b transactions has more than 11 billion in total value locked and has been used to make more than 5.7 million. Nfts salon is optimized for customer use.

Cases such as micropayments and gaming. The bank said once again, that is bank of america, and the analyst who was checking this all out had an interesting quote just want to quickly share it with you. Solana, prioritizes scalability, but a relatively less decentralized and secure blockchain has trade-offs illustrated by several network performance issues since inception. The most recent one was what i was just talking about like this consensus model it some people are saying: okay, is it as secure? Does someone need to look into it that type of a thing a theorem, pre prioritizes decentralization and security, but at the expense of scalability, which has led to periods of network congestion and transaction fees that are occasionally larger than the value of the transaction being sent? So it's always a big balancing act and yes, both of them, they all they're all trying to go to the same location.
They just started off in a different manner. So, for example, ethereum started off where it did so. It had very nice decentralization and it has high security, but there's congestion issues and there's expensive issues. So that's why we're seeing a huge adoption of layer, two solutions such as polygons such as lrc, just because and we're also actually trying to see them pivot over to proof of stake, hopefully very, very soon, merging that beacon chain back into the main one.

But then solana kind of took it a different way and now it's always going to be that trade-off, so for them the security a little bit more questionable, but that's just what this game is. So it's like you have to pick and choose. You can't be perfect in every one, but as the technology gets better and better and better well, all of a sudden. These deficits are going to start to erase themselves, but overall, i think going into the next this year and next couple years.

Do i think that some of these other utility coins tokens are going to take away some of the market share from ethereum? Yes, i do, but i also think the overall market share is still going to get bigger and bigger and bigger. So i'm in almost all the main ones, i'm in ethereum, i'm in solana, cardano polygon loop ring algorand. I have all those because i think there's going to be multiple winners. It's not like i'm saying, there's only going to be one and you have to be in this one, because i see that they all have kind of their given their take and honestly, the ones that i'm trying to study up on the most are actually ones related To this nft type, stuff uh trying to see where the opportunity lies there, so just quickly wanted to share that with you overall, but some interesting news.

I still come back to this lucky guy. Where is he maybe lucky gal, whoever it was? Maybe it was just an android or something, but that solo miner that got 6.25 bitcoin after two days of mining, lucky lucky lucky what i wish i had that person's luck, but overall, that's what i have for you today. It's an explanation of, what's going on in the u.s government level, of why the market stocks and crypto down a little bit the things to pay attention to in the short term and in the medium term and then just some interesting daily updates. So with all that being said, i would love to turn it back over to you to know if there's any questions or any comments, concerns or i'd love to talk about whatever games, you are particularly interested in as it comes to play to earn matt.

What's your 10 crypto list, oh that crypto project? Yes, okay, i do have an update for you. There link mana, gala, crow, algo, ftm and sand. Those seven are locked in and then hang on, floki and saitama will be eight and nine and, like i said like when we're done with those nine, then the one day we're just gon na do a poll or something like that and whoever has i don't know, We'll do a poll somewhere and whenever one gets the most votes, that will be lucky spot number 10. wouldn't mind at all.
If number 10 is actually uh a coin and or token token really that's going to be related to, like whatever we think the most popular play to earn game would be so seven officially already purchased two more coming. Honestly, i just kind of need a little bit of time, i'm working on moving, i'm moving to a whole new place on saturday. So a lot of my free time has actually been packing, but we're going to get it there they're all going to be done very soon and then, when they're, all officially locked in i'll make a video explaining all 10 my average price - and just so you know All these i'm going to hold them at minimum for a year, but potentially even longer, as you can see, between mana gala and sand. Happy about these metaverse plays for sure.

I think floki and saitama could be kind of cool for community driven, also getting into games themselves um crow. I kind of like that, just because we see that exchange itself is becoming they're. Putting a lot of money into their brokerage they're becoming pretty popular uh link has been doing well. Algo.

Another utility play phantom, getting a lot of attraction as a whole network. So i'm actually getting i'm pretty stoked about this list. I think there's a lot of potential there, but that is um the little project that we're working on putting a thousand into each of them. What about my doubt, let me check on that for you.

I could check on my dial right now, nope that one's not right uh. Where are we so the one that i'm in right now is wonderland and based on the price? It's not looking the best, we're, definitely down a couple thousand dollars on that. So i've been letting it sit there. I've been sticking to my my guns on it, i'm letting it play out, but it does seem pretty brutal, thus far pretty brutal.

Thus far, but hey, that's part of the game, part of the game, part of the game, matic, i'm i'm definitely mad. I actually have a heavy investment in polygon. I mean just it's a very wildly popular there's, more tokens being launched right now on polygon than there are on ethereum, just because of the fees like no one wants to pay. These east fees anymore rose is crushing it.

Whatever this is oasis network bounced off of 30 cents, up to 53. rose, has been crushing it near. This is a protocol similar to harmony. This is getting um pretty popular.

What else do we have omi dash some interesting opportunities for sure rose partnered with meta? Well, that explains why they're doing pretty well, then that definitely explains why they're doing pretty well, oh uh hang on, i think, just remember hey if you enjoyed this type of crypto stuff. Where are we at do not forget, starting next week we're going to spin off all the content? Oh come on. Let's get this over here all the crypto content to be uh kind of a standalone thing, so don't forget we're actually almost at a thousand so crypto core is here. Let me throw this over just to not confuse anyone if you're on rumble, if you're on twitch, you will have to do absolutely nothing, but if you're on youtube, if you prefer to view these videos live streams here, we will be putting it all on crypto cores.
Now, with this one, it's all going to be kind of community driven kind of the way that crypto is itself. So, basically, if you guys want vods you're going to get vods, if you want live streams, you're going to get live streams, if you want interviews you're going to get interviews, if you want all three you're going to get all three, if you want a combination of Somehow, within those three you guys just got ta, let me know um, i just i have a lot of passion for crypto. I think it's an awesome field. I think it's uh represents a ton of opportunity.

So, with all that you just got ta. Let me know what you're most interested in and i'm more than happy to do it i have. I don't know, i think, if we're talking about what's interesting and where a lot of money might be, i think it's going to be awesome to talk about these nft games. I think it's going to be awesome to talk about the metaverse, so that's where i'm just like a little bit, biased towards, but hey, if everyone's like.

No, we just want to particularly like talk about this. This and this you. Let me know if you want it to be tutorials of how to create and sell a solana nft on ftx if you want it to be how-to videos, it's all up to you, like, i kind of i like this idea of running an entire channel. The same way like crypto kind of should be like a community driven thing, i think, would be absolutely awesome, but don't forget check this out that will be getting underway next week, which means tomorrow will be the last piece of crypto content on the macquarie's youtube channel.

But just as i said, if you're on rumble, if you're on twitch, you have to do absolutely nothing, what else do we have? What else do we have any questions? All right? I think we are all. Oh hang on. Let me just double check. Really quick, uh, sheem, nobi, interesting gods, unchained now future ap heroes bsc, isn't god's unchained um from the magic of the gathering, guys like they made an nft card game.

I believe sheeb nobi. What is that sheen ninja? I mean it seems like it's just everyone ripping off these like dog based kryptos. Is that, like the vibe that we're still continuing with, can you explain in a nutshell and nft yeah? I actually have a standalone video for it. If you just want to search macquarie's nft but in a nutshell, nft non-fungible token, basically just means that it's unique it's a string of numbers and letters that that is going to be it and that can be transferred from wall to wallet.
And it's tied up with. At the highest level, it's a smart contract which you can really bake anything into a contract, but the key there is non-fungible. So that means it's going to be completely unique and you could tie whatever you want to it. If it just wants to be a digital art, if it wants to be a deed, a mortgage um the copied right to a song, it's a way to like distinctly represent unique ownership and then from there you could spin it out.

However, you want you can make it games, you can make it art it's just, but at the highest level, that's what an nft is uh met next week, you'll be on your crypto channel. Yes, yes, yes, yes, so the main channel that you're watching on right now will be for stocks and market related news stuff, and then the crypto channel will just be crypto specific polyv. We're not talking about amc on this one avalanche is layer one and will get huge. I very much hope it does.

I own avalanche love, avalanche, a very impressive network, a blockchain to blockchains sweet all right. That's what i have for you today. I truly appreciate the support, don't forget, to check out the other channel if you enjoy crypto um. Thank you.

Thank you. Thank you. You guys are the absolute best i'll catch. You in the afternoon show to talk about some of the other daily update stuff for the old market, as always stick to your trading plan and from chair myself best of luck in the markets, you.


One thought on “Why crypto is falling…”
  1. Avataaar/Circle Created with python_avatars A says:

    No more power hour ????

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