Bitcoin's fatal flaw revealed
60sDirect, controversial critique of Bitcoin's usability sparks debate between maximalists and altcoin fans.
▶ Play Clip"Delivers a genuine discussion on crypto investments, though the title promises 'best investment' but offers subjective opinions rather than definitive advice."
In this live stream, the host and guest Benjamin Armstrong (BitBoy Crypto) discuss the state of cryptocurrency in mid-2020, sharing contrasting views on Bitcoin vs. altcoins, market predictions, and specific coin evaluations. The conversation covers Bitcoin's role as digital gold, the potential of altcoins, and the cyclical nature of crypto markets.
The host introduces Benjamin Armstrong, known as BitBoy Crypto, who has over 1 million TikTok followers and a growing YouTube channel. They plan to discuss cryptocurrency and take audience questions.
Ben shares his surprise at altcoin performance post-March crash, noting many have doubled. He believes Bitcoin is on track for six-figure prices, with all-time highs by end of year, despite possible dips.
Ben argues Bitcoin's strength is as a store of value (gold 2.0) and network size, not as a digital currency. He believes altcoins are superior in speed, cost, and functionality but are highly speculative.
Ben lists his long-term holds: Bitcoin, Ethereum, Chainlink, and possibly CRO. He is skeptical about most other coins surviving long-term.
Discussion on how retail might re-enter the market after Bitcoin hits $20k, and the potential for government-issued digital currencies to dominate, possibly sidelining altcoins.
Ben gives his take on Litecoin (consistent but lacking hype) and Cardano (no product helped it stay relevant, now with product it may pump). He emphasizes the importance of market cycles.
Ben predicts the market top around September 28, 2021, based on historical Bitcoin cycles. He advises caution and preparing to pull out before the crash.
Ben is bearish on XRP, questioning its utility if banks use other systems. He thinks XRP might pump short-term but doesn't see long-term value.
Ben names NIMIQ as his top undervalued pick, citing its upcoming proof-of-stake, strong team, and potential for exchange listings. He predicts it could reach a penny.
Discussion on government crackdowns on centralized projects, using examples like Bits. Ben argues governments target companies, not users, but risks remain.
Ben highlights Velas, founded by the ex-CEO of CoinPayments, as undervalued with strong leadership. He also mentions Dragonchain and other accumulation plays.
The conversation underscores the diversity of opinion in crypto, with Ben advocating for altcoin potential while acknowledging Bitcoin's dominance as a store of value. The key takeaway is the importance of understanding market cycles and being prepared for volatility.
What is Bitcoin's primary strength according to BitBoy?
Store of value (gold 2.0) and network size.
07:32
What are BitBoy's long-term holds?
Bitcoin, Ethereum, Chainlink, and possibly CRO.
09:23
What date does BitBoy predict for the market top?
September 28, 2021.
25:06
Why is BitBoy bearish on XRP?
He questions its utility if banks use other systems and sees no long-term value.
29:27
What is BitBoy's most undervalued coin pick?
NIMIQ.
39:05
What is the consensus algorithm of OST?
Proof of Believability (a form of DPoS).
52:35
Bitcoin as Gold 2.0
Clarifies Bitcoin's value proposition beyond being a currency.
07:32Predicting the Top
Provides a specific date for market top based on historical cycles.
25:06NIMIQ as Undervalued
Highlights a specific altcoin with potential catalysts.
39:05Government Regulation
Explains that governments target companies, not users.
52:08[00:04] every once in a while we like to throw you a curveball rather than our usual produced content we like to do a little live stream a little hang out a little am a variety you know it's the spice of life but beyond that every once in a
[00:18] while we like to bring on a guest now we choose these guests not based on people who think exactly like us who you know are in the same tribe as oz we like to like to bring people who are different think differently and talk to them and
[00:34] pick their brain so today I'd like to introduce a friend of ours we met this guy in San Francisco at a cryptocurrency event he has one of the fastest growing event he has one of the fastest growing YouTube channels as of late a tick tock
[00:49] account called the CEO of fax with over 1 million subscribers you know him 1 million subscribers you know him Benjamin Armstrong we went on our we live I think so I think it's just just you two went live right now Ben how are
[01:05] you doing yes well I'm doing great you sold me short remember I'm 2.5 believes that dude nobody believed is that you I'm a tick tock legend yeah have I have more followers on tick tock then literally anyone else in crypto has
[01:21] then literally anyone else in crypto has on everything combined so and how how does that [ __ ] like is it easy to translate that to YouTube and funnel you know it's funny because I think I'm sorry I'm trying to get the stream
[01:34] as well here it is okay you know it's funny because people think that people think that my growth on YouTube is because of my growth on tik-tok and that is not true at all there has been very little carryover from tech talk ever in
[01:48] my crypto stuff just in the last couple of weeks have I actually kind of started have a kind of a Trojan horse strategy which is once Bitcoin starts going up then I can start pulling you know people from mainstream
[02:00] in you know so but I have another channel another YouTube channel CEO of channel another YouTube channel CEO of facts and that is that I think I'm almost about 60,000 subscribers over there also so cool
[02:13] so in today's video we're talking about everything cryptocurrency see I'm a big I'm a big Bitcoin guy I like to talk about the whole space I think sometimes Ben makes fun of me for being so hardcore Bitcoin as of late yeah we're
[02:27] it all you know we're gonna if anybody in the chat has questions Austin's going goes in this stream and again this is just a hangout tomorrow we'll have a just a hangout tomorrow we'll have a regular produced video yeah so uh let me
[02:43] ask you this we are six months into 2020 mm-hmm crypto and where do you see us going next six months well I have been really next six months well I have been really surprised to see you know as as much of
[02:57] an proponent of all coins as I am I mean a lot of people know that I've never popular to say they were gonna die I never say you know so even that being said I still been surprised how much all coins have really ran in the last couple
[03:12] of weeks especially after the March crash I mean we know how many of the t5 mean it's doubled in the last month alone the overall money in defy so even I have been surprised by how far these have ran I'm not surprised at all on
[03:29] what Bitcoin has done it coins exactly where it should be right now you know if you go back and you look into his the history of Bitcoin basically what we got during the cycle is we got a crash built in well we got a happening crash built
[03:43] in because of the stock market crash so that got baked in in March and I said I had been saying ever since probably October November that if we were just to $8,000 on the day of the happening we were right on track for a six-figure
[03:59] Bitcoin everything we want and so that happened we were actually close to 10 had a little crash around 9 the you know a couple days before the happening and a couple days before the happening and now we are just now at the time where a
[04:11] Bitcoin should start climbing we well we have another big dip I personally don't have another big dip I personally don't think so but we may but you know I think all-time highs by the end of the year you know I think will be somewhere
[04:24] the year and the next year is going to be next year is gonna be the most incredible year of our entire lives well let me ask you and obviously anything could happen we're not financial advisors but you
[04:36] dip is coming um not counting wicks like how low do you think Bitcoin could go are you saying never below 7,000 again is that you know 8,000 is a regular dip um I mean if you look at the history of
[04:51] Bitcoin after the happenings once you get kind of a once you get a big wake get kind of a once you get a big wake down okay and I think that big wick was right before the happening you know you get continued growth
[05:07] upwards you don't see retracing you know you'll see once the price starts pumping you'll see retracements within that but I mean as long as the wild card in all this is the stock market if we had a gigantic stock market crash okay which I
[05:22] always said it was definitely happening last week I was saying I don't think saying like I don't know now we're starting to talk about canceling sports again you know we're talking about you know shutting down businesses shutting
[05:36] mean some states already saying they're not having school at all this year we're shut down and lost this house yeah la la is shut down again Georgia I'm going on deal you know well we never closed okay we're
[05:51] dirty south right here okay so so anyways um you know I don't think we're gonna have a massive crash I don't think we're going down to 7,000 I don't think so I think I think if we did it's gonna be upper rates and then we're off to the
[06:04] races but after the races it's a slow movement at first one Bitcoin starts moving up so we can move up to 95 mm go back to 95 but ultimately I think we're from here as long as we don't have a jog anymore crash no let me let me jump in
[06:20] anymore crash no let me let me jump in um I want to get to know you I love your channel but I want to get to know you as a person even even more so you said like I was never the guy to said all they say alts are dead or anything what is you
[06:34] in a while everybody will do videos speculating on this or that but you personally what's your thoughts on bit versus everything else or I guess just generally we'll start there Bitcoin has first mover advantage there's no
[06:48] and I think a lot of people get confused on what that means a lot of people take that to mean that it was here first and so it's just gonna be you know the Bitcoin does not stack up it does not stack up to any current criminal
[07:03] you're a you're totally you're not a Bitcoin or you're you're definitely an altcoin ders out your slow no no let me let me finish here okay I'm not against to get that out in the beginning I'm not against Bitcoin but if Bitcoin were to
[07:19] launch today it would fail miserably okay there it can't compete with the now it just can't the strength in Bitcoin I would argues twofold number one the strength in Bitcoin is value like just
[07:32] strength in Bitcoin is value like just its store of value it's it's gold 2.0 be a digital currency and I think people have a hard time wrapping their mind around that because that was the original purpose it is gold 2.0 its
[07:45] original purpose it is gold 2.0 its scarcity and its value way you know goes way past any other value it may have second of all the net with the size of the network and the amount of money involved already in Bitcoin is what
[08:00] gives it almost an insurmountable lead when it comes to number one in market cap it can't be hacked okay you know that there are some people that talk could do that there's not really much people you know anybody could do to
[08:12] bring down the Bitcoin network and that's just a fact so because of that it does have strength okay bitcoins going to make it it's just not going to make it as a digital currency I can send you nano I can send you did you
[08:25] buy I can even send you Tron in about ten seconds but Bitcoin ain't gonna happen you're never going to be able to use Bitcoin scan a QR code and send it
[08:37] gonna use the Lightning Network like how nerdy do you think people are the complicated most people can't even figure out how to use it period okay that's not going to happen so there's other currencies maybe even state
[08:54] currencies that aren't even cryptocurrency centralized will be that digital currency Bitcoin its value is in the size and it's a gold with that being said I think all coins are Bar None you know much better in many different
[09:10] aspects speed transaction cost functionality smart contracts whatever but when it comes down to what I believe about alt coins in general is they're so highly speculative that we're just all going to make a lot of money on them who
[09:23] the end of the day we're all gonna make money what are my long term holds my long term holds our Bitcoin etherium chain link and maybe CRO nothing outside of that and why I didn't say long-term I mean like years down the road things I
[09:38] actually think will make it and survive every other cryptocurrency outside of specifically Bitcoin channeling and etherium they're questionable whether they'll survive but even if 95% of crypto currencies die we're still we're
[09:54] crypto currencies die we're still we're still left for 500 if 99% die we're still left with 50 so there are all coins that have a lot of value coins that have a lot of value and over time some of that utility is
[10:07] something like basic attention token it's got you know good utility you know and things like that you know you definitely do have some some stable coins you have some good projects you got some defy stuff that has a good
[10:21] chance to make it but overall bitcoins not going where I'm Bitcoin I just think that it's value isn't is as gold it is not as digital currency and that opens up the door for you know all coins um a lot of stuff
[10:35] different wavelength than me and I love it do that's why I like you know talking to different people um but like you know as far as like speed goes as far as like a nano like what first of all nobody wants to pay
[10:48] know it's all everybody's treating it like an investment yeah people that we it like it's an investment nobody's going to be paying for it besides you going to be paying for it besides you know Roger ver um I mean do you think
[11:03] know Roger ver um I mean do you think like a cryptocurrency and you know needs general thoughts on the fact that bitcoin is do you agree that bitcoin is the most decentralized most censorship resistant and that's good for its
[11:17] longevity but other things like electro neon nano because it's more centralized if they ever scaled it would be easier for the governments to stop them well once again we get back to that first mover advantage bitcoin was able to get
[11:30] in and build a network before there was a craze that caused SEC attention okay so bitcoin was able to slip in underneath all those rules so a Bitcoin came out today you would look at it the same way that you look at what people
[11:46] call [ __ ] coins you would look at the exact same way you would not say oh my look at this crazy thing - solji's centralized you would pick it apart the same way that you pick everything else apart you know like that but like you
[11:59] know because bitcoin did of the first mover advantage was able to you know scale or whatever without a market value and it would be the first exchange and everything it's you know nobody's saying I think that's why I do think you know I
[12:13] am a big like Bitcoin first guy because bitcoins not going away now do you believe it's gonna be a currency umm I think well I think it doesn't let me just jump in real quick I think it doesn't have to be a currency for it to
[12:26] I think store value I think there was a lot of friction back in 16 and 17 when everybody heard it was this new type of money and currency and people didn't to send it and it was like it was hard or as took a little longer to send and
[12:40] there is transaction fees yeah exactly I think this cycle that people when the narrative of digital gold store value is going to make things a lot more going to make things a lot more frictionless for people to buy Bitcoin
[12:54] I'm sorry what was the what was the question was not nobody remembers we have suit two super jets that I do want to get to but also just my take on remember I was gonna say as far as it's probably who's using Bitcoin as a means
[13:09] of payment I don't think that's necessary for price to go up and I don't think fast cheap payment payments are the value proposition I can then know like it and the you know the fastest things are more central
[13:22] but I do think and again I'm not a developer I just based what I know based on listening to Bitcoin podcasts and youtubers and stuff in the stuff I read that not this cycle but eventually down the line lightning Network will be
[13:36] viable to make micro transactions you you disagree yeah I disagree no I don't so you think all these bit corners are crazy what why would you I mean when already there they're they're already doing it they're already faster Bitcoin
[13:50] cash is faster than Bitcoin you know there's I can name in 30 seconds I can name 20 that are faster and said instantly yeah but nobody cares like why why would you why would you you think five years down the road when that
[14:04] thing becomes viable that none of these other digital cars and hey let's be for digital one or the digital dollar that's what it's gonna be or is gonna be Libre be the digital currency we're all using and all we can hope for is that all
[14:19] have something that can compete with those or that that once people are able to understand how to use watch-chain wallets because the government's given to them that eventually people will be like oh wait the government's
[14:33] are so aware right and people are aware I'm sure that's gonna happen and maybe altcoins or to Bitcoin or whatever the case may be but at the end of the day that's probably what we're gonna be using so I mean hey let's let's use this
[14:49] next board let's all Kris let's all make an you know and a certain point know a lot of people you think maybe it's after a Bitcoin hits 20 thousand it's remember retail gets back in I agree with you generally but the problem
[15:03] is you don't want to we want to be able to figure out what's going to stay it past the dump or you know we don't want to get stuck holding tron you know that's all I just hope I just told you what it okay so Jane leaked there you go
[15:15] what it okay so Jane leaked there you go that's all you may be CRO a centralized how can you see how can you say crow has a longevity when it's so centralized I'm not hating on I'm not saying well because it it it's a easy pathway to
[15:29] passive income where you can make money off of you know staking these different long-term Jax has longevity when when once saying it's going to happen or I wanted to have well that's why that's the risk
[15:43] wasn't listen that's why I say possibly CRO I feel I feel like CRO to me is one level I'm not putting it on that upper level right now which one's a aetherium
[15:55] level right now which one's a aetherium chain link Bitcoin may be CRO may be card oh no mate if card Ono is able to get into you centralized finance and is able to actually like you know live up to its potential and push aetherium in
[16:07] gonna happen but if it does that could potentially be one it's had a lot of hype for a long time smart contract platforms are going to be doubt about that I mean that's the whole thing that's opened up decentralize
[16:22] finance so you know we just don't know who there's long term you know projects are gonna be when you look at the cyclical nature of altcoins and Bitcoin
[16:35] we know that a lot of the projects that we look at right now is the top of the class are not going to be the top of the class this time next year they're just not gonna be and with the movement we're gonna see in this market we're gonna see
[16:50] way more wild movement than we probably ever seen before from you know from the top to the bottom and the bottom back to the top and guys I see somebody start a all the super chest right now let's do it boy you go first
[17:05] review on a Cardian that's a new they just partnered with channelling today so yeah that that's when I will look at it wasn't alright take now of the whole audience through the review I just go ahead and just
[17:22] cardi a chain 1000x is that what your people want to see no no people act like clickbait has not been around since yellow journalism in the frigging 1800 okay like if you guys would actually stop looking at my
[17:35] actually listening to what I'm saying you might actually not hate me as much but I love to make the crap out of you okay I'm a sensei okay well just generally hate hate the don't hate the player hate the game
[17:49] what are some super chests we have hey the Smith family super chat at ten dollars and he says thanks guys thanks in the family Smith's Club Wendell uh super chat at two dollars and he says love to know
[18:02] your thoughts on litecoin and a da Ayda and then and then we have one more so we can do this all together what is your favorite undervalued project mmm so like coin and a da first bit what do you think you know like coin is what I
[18:17] mean I think I've already given my opinion 88 I like it 80 is not ask if a person that believes that all coins are scams and that's fine if that's your opinion um but I think it's going to do well once again regardless of what
[18:32] actually it puts out it's going to do well when the next bull run you can mark that down long term how the platform actually works I think the key is gonna be how they get into defy that is gonna be the key to card ah no you know being
[18:45] maybe challenge something like aetherium like coin on the other hand it is it's the most perplexing one to me honestly because you always feel like litecoin is
[18:57] going to fall out because it's got no hype behind it right now the community doesn't really seem to grow you know it got big you know in 2017 because it got using it to send money because it was you know cheaper than that then it's in
[19:11] Bitcoin and stuff like that but yet somehow it just always manages to be in the top ten it's the very most consistent altcoin throughout the history of the altcoin market aetherium once it was established in 2014
[19:24] obviously has been the number two or number three spot XRP has been very high what no I mean no she's not in the top ten I mean like one's been so consistent in the top ten for its entire history so I on one hand it's like I've got
[19:40] nothing to think nothing to make myself think that it's gonna do extremely well on the next run but then again the history says is gonna be there so those guys think I have a question for you bit boy so are you saying because you're so
[19:54] not something people don't necessarily say out loud but we all kind of think know you know obviously because we know all the infrastructure and plumbing is so built out the awareness is so it's just cyclical ubiquitous but are you
[20:09] saying like all 5,000 plus coins will be a higher price point than today is that there's a lot of those that are already dead completely you know and no I mean if your coin 4752 Quinn market cap probably doesn't have accurate numbers
[20:24] just cuz you were grandfathered in or for some other reason no but almost all the coins in the top 500 I would say are gonna do really well you might have some that go defunct during that time certainly all the coins in the top 100
[20:39] are going to do well how far it trickles down from there you know it's it's anybody's guess but we've already seen projects you know I talked you know we undervalue projects and unless you guys want to give you guys won't give
[20:54] opinions on my coin in a TA or do you guys know that those exist or no I can't I watch your thumbnails okay I mean you watch what you watch or videos or just
[21:06] sometimes sometimes I feel you once your research firm y'all alright I can't I yeah I don't care I mean everybody kind of takes what they like and I mean how many topics are there you know yeah five thousand but uh as far as litecoin goes
[21:22] I think a will pump it's an oscillator um as far as like long-term value you value maybe I mean I think people in the end would just rather have Bitcoin the litecoin but that being said it does pump um as far as Cardno goes I mean I
[21:38] pump um as far as Cardno goes I mean I did want to ask you if we actually planned this question we're like back in San Francisco when we were interviewing everybody back in San Francisco we need conference yeah back in San Francisco we
[21:51] asked you you know what coins are you liking it was the end of the evening everybody was having fun and you said I like Cardno because they have no product while everything else is nitpicked and people
[22:05] everything is out there Cardno has no product so I think it's going to do well product so I think it's going to do well now that Cardno is getting a product has your views changed or you think it's no absolutely not I I think that while
[22:17] it had no product it helped it tremendously I think now that it does tremendously I think now that it does have a product go down yeah well no I no why do you say it helped it tremendously wouldn't had no product it
[22:29] just went down right I went to two cents okay let me explain what I mean by this because I understand that you guys are looking at looking at this in terms of the actual price okay now it's look at the marcab where it is now it's in a
[22:42] number six I believe so while not having it you know not having a product you know may not have helped it financially card oh no was still able it financially card oh no was still able to stay relevant during that time what
[22:56] did we see from Tron why do we see from Tron in their product well where were they when we're in San Francisco where they now hosting us they're hosting us of that party Thank You Tron for that but what I'm saying is Tron has dropped
[23:10] pretty considerably what what is the other platform that's close to card on oh that's been the top 10 yes yes what's happened it nothing happened it nothing who'd what is the top platform and in
[23:23] aetherium card Oh No how is it the top oh you just buy market cap yeah platform yeah yeah a smart contract out platform out but now so I'm saying how is it the top just by market cap yeah yeah financially okay so
[23:39] so yes I mean they've had a they've had several Forks by people that were been a lot of stories about Tron's governance and supposed you know centralization with the way that they're you know super delegates vote and all
[23:54] trunk-like there's a lot of allegations going towards all of those governance issues okay what happened a bit torrent what's going to all of those issues have hurt those other products they've gone down in value card ah no on the other
[24:08] hint yeah it stayed you know sideways dormant for a long time but now that I always thought in the very beginning I was very bearish on karna no because I thought by the time it got their product out that these other DAP platforms are
[24:21] gonna be able to way past them I remember that time yeah yeah but that is out to be true is that actually the timing of that road map was immaculate was it was it time this way on purpose to go with the cycle of the
[24:36] market so that if the product is coming out because in 2016 2017 all of us thought no matter how long people have been in Bitcoin euphoria took over and been in Bitcoin euphoria took over and it made people think regardless of what
[24:50] we've seen in the past that it was gonna pump forever but but the true oh geez of the ins and outs they understood that's not ever gonna be that's not the case that's why I'm already telling my people well watch out
[25:06] August September next year are you ready to pull out you know because it's cyclical wait so you're saying the top is going to be in near the end of the year in 2021 Oh September September 28th that's the day why you said why do you
[25:20] why do you say that because there okay people I know there's people laughing at that okay I know that if so definitive it's very definitive now will it literally be on that day very possibly not but if you look at the
[25:33] market cycles a Bitcoin the number of days the Bitcoin spins going up in an upward cycle I think it's from that happening on well-known I wouldn't make
[25:45] I can't remember exactly what it what video was if you if you google my channel can you search link in the description yeah link in description go to my channel search like the last day of the bull market or something like
[25:59] that there is an exact day period where every single Bitcoin cycle has had one one side that goes up a certain amount of days and then the next side goes down
[26:11] I think it's the amount of days from the actual bottom of the market to the peak actual bottom of the market to the peak to the crash something like that is the exact same number of days is the exact same number of days and I wish I had
[26:25] can sound a lot smarter but the long the short of it is objectively we can look at the cycles of Bitcoin and we can predict when the market is gonna end and do that 16 2017 people thought it was gonna go up forever and I was wonderful
[26:38] I thought it was gonna go forever but this next cycle it will and it will end right on time and people will think the same thing that they thought that bitcoins at 300k there's no way it can crash it's going straight to
[26:50] gonna happen is gonna drop I'm gonna go back to about ten thousand dollars and this time going forward hey I'm ready for that doesn't to predict next year at
[27:02] a specific date doesn't really depend on a ton what the traditional markets do because it depends on so much but a wit but strict cryptocurrency has only known traditional bull markets for twelve eleven years or whatever it's like
[27:15] that's gonna end no--but boys saying that doesn't matter no no you got a look at his video yeah you got to go watch that video and you'll understand its I mean it's very uh you know precise I mean if you look
[27:28] at the note it's like literally within one day of each other the first half of and when it ends and it's been for all three Bitcoin cycles in the past the exact same so yes one day I'm sure it will be off kilter but why would you
[27:40] like anticipate the exception to the rule what I mean it's not what technical history and taking charts and saying girl yeah I may not be the exact same but it's probably gonna be similar and the thing about Bitcoin is that supply
[27:54] shock of the having that we get every four years has supply and demand econimic economics built into Bitcoin and built into these cycles so that's what makes these cycles so predictable now eventually you might say like there
[28:07] continue pumping Bitcoin and that may be when things stabilize but I can tell you this it's not gonna be this cycle you know and uh you know I maybe I can find
[28:19] to show it to you guys it's pretty phenomenal it I just want to we have five super chats if you guys if we can just do like a speed round with these if I people I
[28:32] give the full answers that's what that people paid for that's true but the rest of the question I forgot the full answer for which question ya know we're going
[28:44] into it right now big boy saying what are the questions give it hey from Greg Brown tip $10 I don't you can choose to answer this I don't know if this is a being by bit boy lots on XRP thoughts on XRP
[29:00] um why would they associate with me X or X R P because I make some videos about XR p sometime so do you guys what I mean I I'm not like some kind of XR p guy I don't know why people with anybody I don't think anybody is accusing you of
[29:13] to know your thoughts yeah well he didn't people face that he phrased it in a trolli type he did he did phrase it in a trolli wedding I am actually kind of bearish or next I repeat right now now here's the thing when people start to
[29:27] consistently well over years and years Cardno or bearish on Cardno over the last comments look what happened so maybe my bearish feeling about it
[29:41] might be a bosun I know or the reverse psychology maybe but I think XRP is I mean ultimately I don't know really what its uses I mean if we're moving to a
[29:53] and we got digital one and we got digital dollar why do we need to be transferring digital or you know hard fiat so but I mean hey he's very well
[30:05] established has a lot of money behind it and you know it'll probably pump would I predict a chain link will pass it I damn like but people say I'm not an X R P guy but I guess the argument is that banks will use it because it's the
[30:21] banks will use it because it's the intermediary or or will be settled it's for the banks do you think but but that being said X current they can just use
[30:33] the did every name it I think they renamed it to the current X current is without the token X rapid got renamed but it's low on demand was the renamed there's one of the names yeah a new house every name but so people aren't
[30:46] going to be using it as a means of payment but you don't believe for XRP that the banks will use it as this decentralized intermediary you're going against to the lifeboats to thinking thinking crypto you're saying those guys
[31:00] thinking crypto you're saying those guys they're wrong which guys question again I'm just saying you saying that banks fundamentally XRP the token is useless people on YouTube thinking crypto good guy to the lifeboats good guy oh I okay
[31:14] channels and fundamentally think xrp will be used by banks but you're xrp will be used by banks but you're saying I don't think so uh some some but but I think what would you're starting to see I mean it will be we all know
[31:27] that entropy community has a hard time being intellectually honest they're so blinded by their love for XRP it's hard for them sometimes to be objective and I try to be objective about that sarpy I give it its props for things that does
[31:40] well but I also criticized it for things that I don't really see taking off in the future we all know that there are a ton of banks using their systems but they're not using their tokens so what gives here what's the disconnect is it
[31:55] not hit yet I mean I don't know but I think over the long term unless XRP is unless ripple is able to establish some government contracts with like the Fed
[32:07] government contracts with like the Fed and be able to work with the digital dollar somehow you know I don't I don't see the future of banks really in the way that they are currently formatted so I mean that's kind of my thoughts on
[32:20] that's why I don't list XRP as one of my long-term models because I don't see Bitcoin and XRP existing in the same world ten fifteen years from now like if world ten fifteen years from now like if we're all digital all digital what's the
[32:35] purpose of the cross-border payment system and in the whole $589 XRP is based on all the money and banks going into XRP well if we have that much adoption in cryptocurrency and we're not going to need that so it's kind of that
[32:50] catch-22 for x RP but hey don't don't hear me wrong guys x RP go pump this year yeah I mean they got a ton of money for marketing of course they're going to pump I would say you know what Ellen's gonna need a segment Ellen they were on
[33:05] Ellen you know oh yeah yeah oh I heard she has a house arrest bracelet on let's not get into that hey that was one super chat question we now have five additional ones well I have one real quick I want to do is for my boy low key
[33:18] money he's got a channel on YouTube you guys go check him out he says let's be in each token it's a hassle no way card oh no or any other changes to seal some defy market share good gains though okay I think I think I know it'd be more
[33:32] isn't that the risk for Cardno though that they can have wild success if all those things on d5 pulse move over to card ah no or if all those things on no that wouldn't be success just like well but what about new things I mean
[33:47] but like I'm just saying like just because people can build on it doesn't we've seen that with Tron right isn't that a risk or I think Tron had a pretty
[33:59] quality product to be built on I mean they copied something for me but I'm on them they're just like all ganging stuff unlike what we see with area all those on the defy pulse like the defy or whatever isn't that the risk that just
[34:12] because Cardno you can move on to build on Cardno doesn't mean you're going to see those quality projects because it didn't work for Tron or you yeah right what cardano's at a starting place to determine now what they're going to be
[34:25] able to do yeah that's why I said once again maybe cardano's a long term hold maybe I'm not ruling it out but it may flop it may flop huge I don't think Cardno is gonna do great I don't think hard on o is like
[34:37] predestined because science till I do well you know I think let's see what it let's see what it can do let's give it some room to run see if you know if in a who cares it failed you know I like MIT maybe cardano's a long term hole as
[34:53] possible all 500 top coins are a long term hold and probably some of them will I think definitively right now we can say Bitcoin is a long term hold I can understand the argument for aetherium but beyond that period for sure I don't
[35:08] think there's an argument I think it's your hand for okay that's fair I'm just saying so a Bitcoin and aetherium other than that I would say you know next cycle but I wouldn't want to be left holding bags necessarily we'll see
[35:22] what happens that's why you got cash out on September 27th okay hey I gave you the day okay I'm gonna be coming back to this live stream in a year from now on hold the clip roll them y'all are gonna love what
[35:39] you're gonna see which other is it is that you know people were too busy calling me a shoulder to notice that I'm the one true Oracle okay that has the the one true Oracle okay that has the exact date but you say that
[35:51] tongue-in-cheek okay no he is you know he is the one okay no he is you know he is the one true Oracle hey smart digital payments tipped five dollars just a statement so maybe you know yes or no from you guys
[36:04] pun DX is a sleeping giant we are pushing Pun deep point X point of sale devices and we are doing big things he is her smart digital payments like what
[36:16] I mean he is that we are that's what his name is smart digital payments okay anyway smartsheet restore he says I recently listed MPX as one of my crypto zombies okay coins back from the dead and I do think moon DX has you know a
[36:33] decent chance it's a useless token it we agree on that is a useless token the only reason it could gain adoption is if that point of service device gets adoption well I mean there's a little bit more to it than that
[36:45] but yeah I mean well I mean they also have like digital payments I mean they have an app it's not just just but just like ripple you can just use the app I mean they make it so you have to use the token but like I've always said that the
[37:00] reason why I went bearish on poun DX in the after when it first came out I was like this is gonna do well and it did well in terms of price that's cuz if with you it did great but like it did well at the height of the peak of yeah
[37:13] altcoin bubble everything yeah no no no you're wrong on that no I don't think that was the height wind I think but he actually had a peak after okay maybe it's you know the the the the market officially but it was still a month or
[37:27] was still before people realized this is going to be a multi-year bear market from my recollection I remember crypto crypto coin news or some YouTube channel remember during the time when those YouTube channels who have since left
[37:41] YouTube channels who have since left we're still around yeah but but my big know the same problem I would see for it in the future in the future which is I think that if square wanted
[37:54] to crush Pontiacs any day of the week they could any any large company the one to create their own POS for crypto adoption could do it PayPal could do it any of them could do it and absolutely crush 20x and it was
[38:08] really important for poon DX to get out ahead really far to be able to establish themselves really well before some of that larger mainstream adoption came in and not always seen it with the PayPal news you guys covered yesterday and then
[38:23] I covered on my channel today no coincidence okay okay everybody already saw it in in the PayPal news we all covered you know a couple months about a month ago whatever it was that's showing that that is coming and I don't think
[38:35] who DX has made a big enough adjustment a big enough you know base in order to maybe they can't merge get bought out whatever but however is go pump okay is
[38:49] good it just real quick that last thing I want to say here we didn't ever answer that most undervalue cryptocurrency and I want I want to give a shout-out to my little baby here my my little crypto baby which is nimac nimac is my number
[39:05] one top halogen under I was there undervalue that thing pumped it's still undervalue that thing pumped it's still undervalued I'm telling you it's compelling you I'm telling you it's Donna valued it might be undervalued but
[39:17] not 50 you guys watching see but it's going to be a pump tell me why you say that but I looked I don't know that much fun nimac but it had like pump its skyrocketed recently and you go on their website and it says we are money we are
[39:31] decentralized censorship resistant money it's basically saying we are a better Bitcoin but in reality that's like the quintessential a quintessential example of a [ __ ] coin right I mean there's no way people you're gonna point out to
[39:44] again but it's not but it's yeah it's trying to do something are we are we digging into the tech of all these projects because once again for the let's not dig into the valley the the biggest mistake that anyone makes is
[39:59] things the tech matters so it does not matter at all at but you v0i dude I just made up anything like it does my videos you must be watching my because I say all the time it's all based on just pumping middles yeah pump
[40:12] and mark marketing and all that stuff I used the example of iota all the time how it got hacked but you're a hundred thousand percent returns I heard well yeah after the ico it got hacked or like something and it got hacked but beyond
[40:27] that it got taken offline for a month or two proving it was very censorship two proving it was very censorship censored and permissioned and the price pumpkin rest the market so I agree with you that you know the one I have the
[40:40] fundamentals don't matter but I want to hear about it most undervalued coin yes undervalued even though it's gone up by like a thousand percent thus far how is it the most underhanded I'm telling you guys it's so tell me
[40:54] green chuck it somebody screen record this no it's going to a penny in the you watch to see ok well give us something so everybody was thinking the lot of nimac and he wants it to do well but give us a natural one heck right and
[41:08] you know definitely do have a lot of give us he believes in it but I also I also was calling it when I had hardly any and it was number 500 I'm Quinn market gap and now it's it is though today I think it was like 130 and that
[41:21] was gonna continue to move and once it once it once it gets I said a penny it's say it's what a dollar it's it like seven tenths of a penny right now this one's gonna continue to climb nimac has been around for a long time okay and
[41:34] been around for a long time okay and they did absolutely no marketing they really strong team okay they built a really good product they built the first the first proof of work one-click mining with a browser they
[41:47] mine it from your browser directly okay now the getting ready to launch their their approve of stake which will be out at the end of this year and and it's been on this big of a run without even being able to move over to that
[42:02] proof of stake that's why it's under if I look at these projects that switch to I look at these projects that switch to prove of state silica recently did it a lot so it seems like I recently did these projects they were on they weren't
[42:15] on runs until the switches over to POS started and then they shot way up okay with nimac it's already on this run and this POS is just albatross you know kids algorithm is coming at the end of this year and then
[42:30] when staking comes on dinamic it's going to take it to another level what we've seen with a lot of these projects have already been able to do and then that when aetherium goes are to prove of stake let me tell you if you're not
[42:42] you have money in crypto you're an idiot I'm not I'm an idiot I'm not holding it but I can see a theory of doing really well I'm an idiot I mean if you have what about seven I know that's the problem is that right
[42:55] am i way off on that maybe I'd rather get Bitcoin honestly am i brainwashed get Bitcoin honestly am i brainwashed yes max you know maximal entity toxic maximal energy work yeah we're not we're fundamentalists but this is maximized
[43:10] but I but you don't really answer the question I agree with your argument that all proof of stake is hop right now everybody wants to stake their coins one to stake their coins ohyes nimac any different from anything that's gonna go
[43:23] well we've already seen the run it's been okay listen we're getting semantical here with what is the most undervalued I can give you projects I can give you projects in the twelve hundreds on coin marquee cap that I
[43:37] believe are gonna be monsters I can give you once in the 800 I'm trying to give people one that they know at least that you know but you maybe you've seen some you've been paying attention to coin marquee cap you've seen it shoot up and
[43:50] even with as much as it's even with as much as it's gone up I still feel like it is gonna pump more than almost any other project in the top 150 I think when it moves over to the zoo stake that is going to be absolutely huge and you
[44:06] know it's not even on other than cou coin on major exchanges right now and I know they're working on some stuff with some other exchanges and when that comes in now you're gonna have more you know room to grow because most people if I
[44:20] gave a list of exchanges anyone new to cryptocurrency may be other than COO are new don't even know what COO coin is if nimac is able to eventually get on coin base or by Nance um you know or I don't know
[44:33] maybe on he boat gob I always think of by Nance in and coinbase is the end-all you want if it's able to get one of those listings it's got even more to run so I mean to me when you look at a project that's it has came out of the
[44:47] project that's it has came out of the 400s and has moved up to the 100's is about it so I mean you know take that with a grain of salt whatever y'all want to do but I still think it's got more room to run and I think that this is a
[45:01] want to give you I can't give you my super secret all coin pigs I'm giving want to hit your three coins to three million dollars you go find those puppies there's I go through your channel and you can there's a there's
[45:15] like you know there's a lot of videos where I can be like okay I want these the new video you already picked my million coin thought well I can't I I talked about but this you know I've probably talked about this is why people
[45:28] get like he'll get so mad at me you know yeah a lot of people that complain about don't know me like that they don't actually watch the channel though they just might see a thumbnail or they might say I said a thousand X
[45:41] literally never in the history of my channel literally never done a paid sponsorship that was not disclosed not one single time I would swear on the so people don't really know me and they don't really understand the the research
[45:58] about a lot I also you also have to separate my monthly all coin picks those are based on what's going to happen over the month and then there's so many about eighty to a hundred different alt coins over the last year you know in
[46:13] videos probably bout eighty to a hundred he was it that's a huge number call me in six months call me in six months and tell me that was a huge number good call call me this time next year call me call me this time next year you know when
[46:26] we're at the peak of this thing pretty much and tell me that eighty to one hundred was enough cuz it won't be there there will be plenty of these coins but not will all 80 or of a hundred outperform the average probably not but
[46:41] if 20 of them do and they do while then hey I expose people to those who we all love you and I love your passion dude I love it thank you as content creators I can vouch for you and
[46:54] everybody kind of understands this you know you make the title engaging in the deceive anybody but you make it engaging but you have to actually watch the video of your mouth because sometimes in the title you're quoting somebody else or
[47:09] quoting an article or doing that whatever you know yeah and you know what sometimes sometimes I'll have a title like I had one about crypto calm when like I had one about crypto calm when they had the the wire was a wire X or no
[47:22] they had the the wire was a wire X or no yeah European in the European card partner or whatever took that you know stopped working with crypto calm and a was a Ponzi scheme oh yeah they're like like yeah so crypto card in this case
[47:38] they were the victim and they were working with a Ponzi scheme who wasn't in crypto but in a credit card is just crazy I know that's the thing like I you are there all these crazy Ponzi schemes to crypt I was like this is traditional
[47:52] finance they were the victim here so it was I had a I had a title of that one where I said is crypto calm done you know 2.1 billion dollar ponzi scheme and messages or like that was misleading or making it look like kruger calm which
[48:06] like you know what guys like i'll listen to criticism i was like you know III know what I did I changed it sometimes I'll change a title I'll listen to criticism I try not to mislead people but I mean since they shut your but
[48:20] running since the history of media began and you're not giving people buy and sell signals you know it's not like you're you're responsible but like just so for the record though crypto calm the haters will say it's a ponzi but then
[48:33] haters say a lot of things encrypt our Ponzi's do you think crypto calm is a legitimate crypto project yeah I mean Jim yeah I haven't looked too much into
[48:45] seems awesome oh it's the best app in crypto you can find any crypto project and there's something written about how it's a scam and you know what it's like being in this space you cannot make everyone
[49:02] something and half of the people in your comments are that's the greatest thing you're such a scammer for talking about that like no you know that's just the way that it goes Michael Jordan the greatest athlete of my entire lifetime
[49:17] people say he was overrated now like what what people say Michael Jordan was and that's why like you know I will listen to criticism I won't listen to I'm out here trying to do the best job that I can't and I don't think anybody
[49:33] make everybody happy and it's you know what Kurt um just going back to that for me this is a new thing where people are saying it's a Ponzi scheme people don't understand token ah mcc's in the way scarcity and walking up
[49:46] tokens works if you have a million tokens in a project and let's say the founder of that project and I don't know the token breakdown for a criminal calm project owns 20% of those tokens okay let's let's say that the team whatever
[50:02] they own 20% of those token so you got eight hundred thousand tokens that are well if five hundred a thousand of those tokens get put into staking and remove three hundred thousand that can be bought or sold
[50:16] the value of those tokens that those founders hold are gonna be out of this world you know and I think a lot of times people forget about like exactly how staking works and I think I think that
[50:30] model of how they make money are able to offer all these discounts because the they're the more they're able to pull their tokens off of the market the more scarce those become and then however much they own you know you know in their
[50:44] know vesting schedules whatever it might be I mean those go way way up so you money on transactions to make money in crypto I think that's a fundamental to feel like about crypto calm the whole time but just generally speaking and
[50:58] we'll move on everybody's staking their coins saying crypto calm is safe because if they stake their coins they're tons of money it doesn't seem like this cycle seem like an long term everybody just printing their
[51:13] their own coins that they wanted something that's true but the government will also shut that down if your centralized yeah sure like it's I'm just wasn't really a statement okay but like it does seem like they might do really
[51:28] urge to stake seems like that's something people are definitely interested in but I don't think like after a couple cycles there's going to be all these coins I think eventually once this thing scales once Bitcoin
[51:40] becomes truly a part of the conversation governments are going to start cracking down on things that they can and if it's centralized electro Neum crypto calm I'm not saying those are centralized but I think they are like the government's
[51:53] down that's the risk right that's the risk I mean I guess I mean yeah sure but I but but a government like I think that's what the government does in those situations the government but let's take
[52:08] a OST for instance another project that I really like I run it's the most evolved I am in any crypto project I run a block producing node for them you know C since our main net launch I'm the only person that's been you know what they
[52:21] quarters okay and what is the value prop there what is the East High OST is oh sorry what do you do with it what do you pay for suffer I mean it's add a platform is just like y'all start wrong okay it's the voting is more
[52:35] okay it's the voting is more decentralized it uses something called why can I not think a proof of believability is the consensus algorithm is basically DPOs but anyway the point here is I run a no for them I really
[52:48] won't talk about a thing that happened with iOS D there was a pretty major thing okay and I think for you guys that are like there's a centralized and you're not we're sitting the long term I'm just
[53:01] saying the long term I think a will pump well what well no no I'm talking about down what that looks like for you as a holder okay people have this fundamental misunderstanding of the government's role with cryptocurrency the unless
[53:16] you're evading your taxes they're not coming after you if you're lever trading in American guess what the government is not going after you they're good they might go after by bit SEC Michael after
[53:31] them I'm not saying I'm not making accusations I'm using example okay any exchange that is overseas okay the SEC could go after them maybe for having sloppy practices for allowing people to sign up you as a person who uses the
[53:44] site are not going to be affected by that the SEC protects you it does not protect the companies they're violating the laws okay that that's why when you have these tokens you know that go but they're not going after the people there
[53:58] after the people who put their central card for instance the they're not going they went after the people that promoted it they went for sure I don't think they are going after the users but I'm saying like with the example I think they'll go
[54:11] after the company's acrylic like the example of Eagles like the Eagle from the 2000s or whatever wouldn't that same thing that the government shut it gold what-have-you so so so I was T was he working with an
[54:25] exchange called bits it was in China okay there's a real-life example of something that literally did happen okay they were working with this this was actually their launch pad to promote to push their voting okay so we all made
[54:37] the stuff then they come came out with some decent raw voting methods okay and and your wallet and you're able to vote but then you were sticking it on this on on a centralized exchange we're locking them up and putting this got invaded by
[54:51] i rated chinese government shut this down and there were millions of dollars of i OST on this and the chinese government didn't deal with the tokens the the the people that Biss got arrested and got in trolled now the
[55:06] do cryptocurrency they were selling American stocks through their exchange and that was what they got intro for so nothing to even do government allowed it to stay open enough it wasn't about the Chinese
[55:20] government for all the holders that were at least aware of the situation we yeah guess what maybe something might happen who knows with government overreach what could happen and if you don't think that you know all the
[55:34] together and you know prevent one from putting money in Bitcoin they could they shut down every on and off ramp it's it's unlikely because you don't have you would have to have a hundred percent cooperation from every
[55:49] never gonna have but like hypothetically you know that can happen so yeah I'm projects could get a knock at the door and they could possibly get shut down I they choose places like Singapore to operate but it did if it scales in the
[56:04] Western money you're gonna be able to get your money off that exchange but you won't yeah but like the token value will probably go down if like the company gets raided and then you'd sell it at lower price well yeah we say an
[56:17] all-time in crypto it's a big deal yeah me try Tron didn't even actually get raided I mean they had an author they didn't get raided at all there was a Ponzi scheme that was being ran out of an office to had a Tron sign on it and
[56:32] it got raided Chokin price drop do you know anything to do with it so some people say they stole a why it's not a long term hold for me because of risks like that with certain things like once again that's what I said possible you
[56:46] know III think one of the values in crypto calm is bringing on adoption and using a debit card you know but yeah I mean there's a hard that's that's something that people have taken a hard look at I mean do what is the current
[56:59] sentiment and direction of regulation and crypto you know is it gonna get tighter is it gonna get looser I think it's gonna get looser let's go through some super chats Austin I just want to say that overwhelming overwhelmingly
[57:13] half the super chats are saying great conversation we love this conversation tell once they get to know me they like me a lot of people do not like me at first now I understand I've got a really strong personality you know and I grew
[57:26] up a lot of people wrong in my life when they first get to me me but then over over you know well you can hang you know like not a lot of people in life generally can hang you can hang you know appreciative that the Hang seal of
[57:41] approval for mana hey by the way everybody who's watching right now hit the like button smash up the like button I encourage everybody obviously bit boy generally speaking I five different questions maybe just keep him under a
[57:56] outward guys I mean have you heard me talk well I love I know big boy you'll like this question and I don't remember who wrote this but valus if that's you
[58:08] about it on your channel somebody's asking they yeah what is your take on that I loved Ellis I think Bella's is a it's another one of those underrated I underrated like it's had some problems with coin market cap if you guys knew
[58:22] with coin market cap if you guys knew they had a top you know top 200 criteria I'm actually pretty to know why Ellis had some issues getting in that top 200 but it's just a paperwork issue so once that gets taken care of there
[58:35] what's your problem what's the value prop what is a DEP coin Bank coin what prop what is a DEP coin Bank coin what Bank quick no no no Veles is trying to build just you know a whole ecosystem where they've got a really nice wallet
[58:48] like every other you know I mean once again when we talk about the tech of these projects they all kind of yeah sure I was wondering the market that wondering what the marketing department says it is I just didn't know what it
[59:02] well valise is a is an ecosystem for their token to flourish there you go it's actually a coin they have their own chain okay but when you really get into projects I like to look at the things outside of the tech out cuz I get so
[59:16] bored talking about freaking nodes okay I don't care how many nodes you got and I don't care how what's your TPS test said I don't care about your test net stuff I don't care about your architecture I don't care about James
[59:29] care about is the fundamental stuff surround your project and the things about Velas that I like is they have a really strong founder okay Alex payments okay now if you didn't know coin payments is the biggest company
[59:43] that it that makes way for retail adoption so they allow retailers to accept over nineteen hundred different crypto currencies online or you know payments if anybody knows about it a very very well-established company their
[59:57] very very well-established company their founder stepped down or he's been the three founders I believe not the founder but he stepped down as his role as official CEO of coin payments to start vellus he still major shareholder
[1:00:10] and this is a guy who's a crypto OG he was at the Satoshi roundtable he's been encrypted he was early early early minor he's been a criminal forever this guy knows what he's doing he's brought he has done more for adoption retail wise
[1:00:22] than almost anybody else in the whole space with coin payments now he's got vellus anyone's vellus to be adopted in the same way they got some really cool stuff coming up like I don't I don't think I can announce this thing that
[1:00:36] but it's one of the quick there's only one other company in all of crypto that's doing this thing and when this thing comes out people are gonna be like thing that's going on in crypto and it's not going to be lame you know like user
[1:00:48] not going to be lame you know like user interface or partner it's it's it's more like it's it's a real world technology people are gonna be familiar with it's
[1:01:01] understand it so they're gonna launch something and it's gonna be really cool and it's gonna make big waves a big headline so and once once they get this coin market cap issue straightened out they're gonna shoot up to top 100 and
[1:01:14] attention cuz right now their market cap they should be around number 75 I think so they got strong leadership team they've got a lot of good stuff going on getting up in the top you know maybe top 30 or so what do you how are you privy
[1:01:29] to the big announcement you're working with the you know them yeah yeah yeah I had I'd algae's and drop on my podcast a couple weeks ago what do you think so
[1:01:42] Bitcoin maximalist what do you think people like Peter McCormick Marty bent those guys who seem pretty thoughtful what do you think they don't what do you business stock Bitcoin why would they want all coins to do well well they
[1:01:55] entire cryptocurrency market like we do but very corner of the market why would you you got to look at the motivation behind what a lot of these Bitcoin just like all Quinn surgery well they could say the same thing about you or
[1:02:09] could say the same thing about you or not these people are not so fundamental like an understand money principles so well that they're above any awkward Peter mcCormick I love Peter McCormack doing wrong well he talked about
[1:02:22] thousand dollars a month or something like or forty sixty grand a month right not ever it is a lot that's a lot to me sixty grand a month yeah but um but they
[1:02:35] gotta say like I'm attracted to those reasons that they if I only listen to you know crypto youtubers or whatever which is obviously a terrible idea you I wouldn't know is some of the stuff that they talk about on TFT C or or you
[1:02:50] know Bitcoin is I wouldn't know like I like them because they explain why will stand the test of time or has a better shot yeah what I agree with that same thing could be said about us oh they're just talking about altcoins
[1:03:05] made or something well I mean I I think there was a time when like look and we were back in 2017 and they were talking to all Bitcoin when all coins were pumping to the moon and Bitcoin was crashing then I you know maybe it's not
[1:03:20] like that with all coins I've been talking about all coins the whole time it climax wasn't say that they weren't you know I I deeply believe I mean if we're Oliver decentralization right I mean the centralization it's kind of a
[1:03:33] myth but if we're all for decentralization okay on some level like why would we want cryptocurrency to be centralized and there only be one choice like why would we want that doesn't that go against the whole idea of now if they
[1:03:45] want this when they look at stuff like electro neum or crypto comics like yeah electro neum or crypto comics like yeah let's use a better examples areum you know let's use chain link pick the very bottom of the barrel sorry crypto calm
[1:04:01] and put on the same level as electro neom although I think it has tons of upside because I think that's going to be pumped to hell but you know anyway the other questions I mean I just wanna say we just got a two hundred and fifty
[1:04:16] dollar super chat from Timlin he says you guys you guys are great bit boys great boy on the channel anybody bit boy obviously doesn't have the same opinions wants to subscribe and check out bit boy's channel it's in the description
[1:04:31] but he hid the likes if you appreciate us bringing on guests because one of my goals is to bring on different guests or different guests with different points of views I I'm attracted to the thing is that Bitcoin maximalist say even though
[1:04:44] about I want my point of view to be challenged I'm gonna ask these next then we'll all have some talking points you can choose drag and chain what are
[1:04:57] your thoughts on it chicken - Arin and Austin specifically we can answer this right now is there any coin outside of the top ten Aaron that you like um well first of all I want to echo what bit boy said I think all of these coins not all
[1:05:12] pump because all it takes to pump is a good marketing team and an illiquid asset and people are going to there's so much you know this is why I sometimes push Bitcoin even though I kind of like agree with you as well it's just because
[1:05:27] I think people come into the space don't realize that bitcoin is fundamentally different from a lot of coins and think by buying CRO coin or crypto comm coin they think it's almost the same thing and then it's near the top they get they
[1:05:43] are not in the top ten that I really like um like I said on the channel for necessarily attached to any one narrative I think a lot of them are
[1:05:55] we're all here to invest in some points that pump but in the end you want to have more Bitcoin or maybe aetherium and maybe others but Bitcoin for sure alright so you evaded the question you didn't give a specific coin give me a
[1:06:08] choice goddamn okay okay I mean okay I like nimac okay okay dragon big boy what do you think on Dragon chain dragon chain was also a recent coin uh that I
[1:06:20] listed on my crypto zombies list not what do you I did with my friend Kay dub what do you I did with my friend Kay dub why do I like Dragon chain no no no no you guys gonna understand the methodology for me picking these coins
[1:06:32] I'm not holding you yeah we pick coins all the time it's based on the month or whatever I get that but like but dragon boy these are coins the coins I pick for that specific video poon DX dragon chain digit X was another one
[1:06:48] that's a digit X twice dragon chain moon DX digit X there were some others on specific pattern what we've seen is we've seen a lot of these projects have we've seen a lot of these projects have been in the longest accumulation shoot
[1:07:02] straight up we said we saw it with khyber we saw it with a request network a defy project when we seen it with other ones it's what we thought with icon you know earlier this year Oh icon was like the epitome almost of
[1:07:15] was the epitome of the bear market was dragon chain it had the biggest losses yeah and what you see with those three projects that digitech stride dragon shampoo knee axe and a few others is that they finally after a really long
[1:07:29] period of accumulation had that dip like the chart goes like straight up and I expect a lot of these projects do you have a renaissance crypto is cyclical when people get that in their head like yes
[1:07:43] care about dragon chain like dragon chain doesn't like some kind of like great like you know but he myths of a project it's not the you know the the ice dragon of you know our time or anything like that but will it pump yeah
[1:07:57] in it it's people have been down in it for so long it's been stuck for so long like cyclically when things start rising but besides that besides the most and for the long just have the best shot to shoot straight up I think so that's like
[1:08:10] that's just about the whole market it's about the chart the dragons it's about the price chart prices all the actors yeah they they also were recently on a explained that the struggle did you watch the ad against against the
[1:08:26] government in the sec and i'm actually gonna be on open source money on the July 25th on the Science Channel if you guys want United States space race that is blockchain like the fight eivin's I've
[1:08:40] money it looks like a cool show cuz it's all about like the feeling about it that's what cryptocurrency or that's what Bitcoin and cryptocurrency is about but like you don't the dragon token that's not money that's not open source
[1:08:55] money that's like a utility token so well I mean it's just a script I mean yeah it just describes [ __ ] life yeah but they're like oh the dragon dragons fight against the SEC because we're open source money or no no no that
[1:09:08] was Bitcoin and that's already not a security all right so well I mean what's getting they a great point Bitcoin aetherium have been ruled not to be secured only because of when they launched you know well that's I mean
[1:09:21] don't you think because I mean do you not agree with the way they how we test aetherium is just like every other project out there yeah for sure you know all house wouldn't you know the ones
[1:09:35] that came after the ones that hit during the ico craze I mean etherium had an ICO right aetherium you know perfectly fits the example of a security you know if o---- your security people expect to return I know people that invest in it
[1:09:49] they were expecting a return but it got grandfathered in you know and I think grandfathered in even though it's like still kind of you know hit or miss on that but um you know that's all it has to do with it's not like these projects
[1:10:02] else you know it's not even Bitcoin itself like it's it was established before people cared that's the important thing you know and I think that's that's a message I feel like it's just really lost in a lot of these conversations you
[1:10:15] maximalist like I just I just like people to be intellectually honest about that you know like when it's not you know that much better than everything else it just came before everything helps what you say well yeah but because
[1:10:28] helps what you say well yeah but because of that and other
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