(adjusting) (adjusting) Let’s start. (adjusting) I’ll start soon (adjusting) Mentioning about listing in Binanace.. I can’t answer to your questions but start a class soon. I’ll talk about basic things today. I’m sorry about the low sound quality. I’ll start. Well, we’re having hard time. We’re suffering right now in this market. What I told you before was that we’re gonna have a hard time when Bithumb opens its wallets. why? How many coins Bithumb have? 37 coins and among those, how many coin’s wallet got opened? 9? 9 coins. Top maket cap. coins. And the problem with these coin is that these are not pumped. But then when the wallet got opened, what happened? It dropped. Unfortunately, coins what have not pumped dropped. Then, there can be more serious fall when the rest of the wallets open. There were no pumpings of top 10 coins Let’s see if it is real. When Bithumb closed wallets and pumped and collected funds, was there really big trading value? We can see it clearly here. bithumb was only Korean exchange which was ranked within 10th before it opens the wallets. 6th ranked. Now, where does it ranked? 24th~26th. 24th~25th means its trading value is only 1 or 1.5% What it means is that funds actually got out of bithumb after wallets opened. No fund and no pumpings, no trading value. Its ranking was dropped to 26th. Funds and coins got out of Bithumb that much. So, if the rest of wallets opens more dopping can happen. that’s the reason I said wallets have to be opened to rebound. So, you gotta be careful one more time when the rest opens. but after that, I believe tendency will change. I’m going to talk about it today. Bitcoin’s share now is 50.7% (laughing) Can you hear? So, 50.7% of Bitcoin’s share would be the sign for the rising? Well, I told you before that it will come and go around 50% and at some point when it reaches over 55%, then altcoins are going to rise, too. Bitcoin and XRP If Bitcoins rises while XRP drifts sideway, then the amount od XRP Bitcoins can buy increases. So, the rising share of Bitcoin means that we can buy altcoins at lower price with Bitcoin than before. If altcoins fall, teice cheaper. In real economy, it’s like dollar rises, and Yuan and stocks fall. Then if one buys Chinese stock with dollars, it’s a lot cheaper. It’s same as BTC market. Dollar rises, and Yuan falls. Then Chinese stocks fall. Then one can but much more Chinese stocks with same amount of dollars. This is why chinese market is in danger righr now. It’s actually not about a trade war. Let’s put it simply. What really matches up globally right now is IT, LCT regarding the fourth industrial revolution . As Xi jinping won another long term, Ever since Deng Xiaoping, the Chinese approach has been based on taoguang yanghui – hide one’s capabilities and bide one’s time It’s their strategy. They changed it into their best strategy now. that’s the reason there are a lot of issues in China right now, one person was taken during the live broasdcasting and so on. When? when I curse… Bithumb.. like this anyway Let’s see the 1st to 10th ranked companies, you gotta watch the news more cafully. Among those companies, during a trade war, Chinese companies’ stocks all fell especially IT companies. However, some country’s particular stocks flied. where? Google and Apple in America broadcasted about jumping over trillion dollars. Apple fist and Google next. Look Chinese IT companies dropped stratrgically. Alibaba, Tencent, Huawei. Huawei was listed in Hongkong stock. Chinese IT companies dropped. Xiaoping’s strategy industries got struck. It’s the essence. In opposite, American IT companies surged. This is a trade war to press China. In Praza Accord in 1991, America tried to press Japan. You know, at that time Japanese companies were ranked high, 1st to 9th. and 52 companies among 100th ranked companies. Japan was really wealthy. In Tokyo, twice of this size of room was really expensive in 1988. Oil price at that time was like 300-400 won. How much now? 1700 won. 6 times. Regarding the inflationsm the price of the room in tokyo was 100 billion won. There was saying that if they sell Japan, they can buy America 4 times. That much rich. I’m saying this because Japan was much richer than America and America did what? monetary institution reform. Right now China is in position to compete with U.S. But America is pressing China with a trade war. It’s the situation right now. I always talk about it. Can you hear me? I’ll cut Youtube after this. Have you heard your acquaintances saying that Bitcoin is a fraud? They don’t even talk about it, yeah, hiding phones. Can’t say you’re investing in coins confidently, you know? Can’t say. right? Of course, you do. I talked about in a bank because they recommended to invest in a trust fund. They’re still selling fund.. Only one kind of fund is selling well, Chinese? dropped. Only Indian. not Vietnam. Anyway, if someone asks why do you invest in bitcoin, what are you gonna say? Who can anwser to that? M : Bitcoin has absoulte value in remittance and valuse-storage. It’s technically great but hard to make one to understand expecially seniors. My parents even don’t know much about me investing in Bitcoin. They just think I’m busy. I don’t talk about it on purpose. Why? Because Bitcoin is still weird to people. Only we think Bitcoin is good. In 1991, 1st to 10th ranked companies were all manufacturing. Real products. What have we taught from teachers? We have to sell produts. Export ro earn money to grow up this country. That was the moto of Korea. And that is the reason why Korea is suffering right now. What product are we gonna sell now then? Does Facebook make shoes? Does Google make hats? furniture like IKEA? No. They don’t make anything. But Korea is still trying to sell products. This is the reason Korea is suffering. Manufacturing, real product. At that moment, cash and gold were used to trade. Then right now, It’s about IT. IT is on fire witha trade war. What IT is based on? Internet. IT is doing best right this moment. It’s all IT companies doing the best. So, IT is not producing products, but we’re still using cash and gold. Makes no sense. Cash should have been reformed already, but it hasn’t yet. It’s not easy. But electronic money, digital money, crytocurrency is meant to be introduced. I’ll just say it one more time. I told you that Amazon will succeed in Korea. Because Action, 11st, Gmarket, these are all Korea limitied. Only limited purchase can be made. So, they compete with each other with service. But, here Amazon sells 10 times much, so Amazon gets product more cheaply from the sellers. So, in the end people will go to Amazon. But even though other companies sell more cheaply tha Amazon, people won’t go there. why? Issue of fees and electronic payment system. So, U.S., with top 10 companies, what payment method is U.S. is gonna judge as more efficient to make it faster? With top American IT companies, what currency is the most efficient? Crypto currency and digital money. Not cash. It takes 3-4 days to overseas remittance in cash now. Africa, over 10 days with more fees. If fee is too high when America is trying to sell something through these IT company,it’s no use. No one won’t do it if it’s inconvenient. But if the current electronic payment system changes and to expand Amazon or Google, crypto currency is much better thing to use. It won’t be easy thoug. But you know, Koreans endure something really well. what is it? Absurd. You can bear rich guys curse, right? You don’t quit the job. Even I don’t do it. But Koreans can’t bear it. what? Inconvenience. Do you know why Korean can bear absurd but inconvenience? Inconvenience, there’s no intervention. I can choose. I can choose to ride a car to solve the inconvenience. no intervention here. How about absurd? There’s intervention of the higher person. Globally, people are trying to solve inconvenience in common. I talked about cars. We don’t pave the road due to the instruction of cars. Too many cars make problems like car accidents, flat tires, so they build signals and pave the roads. Likewise, Bitcoin right now is nothing. But if people use Bitcoin, they are gonna make systems for it like ETF or institutions and so on. We’re against vested interests right now. Then what about last year? Bitcoin was nothing until last year. Didn’t judge Bitcoin is real. Last year, people really didn’t expect ETF. not at all. Especially developers didn’t give a shit about ETF. ETF was not the news for rising or falling last year. People didn’t expect it at all. But for now? People are expecting it. Why is it? Well, because it’s a bear market now. Don’t fool yourself. Didn’t matter last year, but now. People want something good. now Well, more importantly, BTC market became hot. If ETF is gonna be really granted, people are gonna think that Bitcoin is really gonna be something. Therefore ETF, securities, SEC are hot potatoes now. That’s it for Youtube. Thank you.