what is going on guys Patrick here
bringing you a brand new video today we’ve got another killer video for you
guys full of information I’m gonna be talking about consensus and aetherium as
well as what is going on with the Bitcoin or the cryptocurrency market and
why everything is down but guys before we get started with that if you do want
to enter a chance to win some free Bitcoin all you guys have to do is
number one be subscribe to the channel and have your notifications turn on
number two give this video a thumbs up and number three leave a comment down
below saying something related to the video now you leave as many comments as
you want and I will do my best to answer every single one of them but let’s cover
a few pieces of news first before we go and talk about the cryptocurrency market
which as you guys probably know or as you guys can actually see by the bottom
right here they spoiled it though this website spoiled it for us everything is
down again today with the exception of a few but overall the market is down now
there is some good news but there also is some bad news that we do have to talk
about when it comes to the market and things that are dragging it down and
things are going to continue to hold the market down and not allow the
cryptocurrency market to reach its full potential but this is all gonna be
covered when we come to the market side let’s to look at some news because there
is some good and some bad so first thing first Jack Ma so the e-commerce giant
Alibaba founder Jack Ma says that blockchain is not a bubble bitcoin is so
he said that he’s been researching blockchain for years so we know
obviously someone of his of what he’s done he is someone who’s a head of
technology he’s always looking at new technology and he never counts things
out so it’s not a surprise to me to see that he’s been a researching blockchain
for several years now but he thinks Bitcoin is a bubble so he spoke out at
the second world intelligent conference in town G I don’t know if I pronounce
that correct but still saying that blockchain technology is not a bubble
but bitcoin is now we’ve actually talked about this previously on the channel and
we’ve talked about Bitcoin being a bubble and comparing it to the internet
bubble and whatnot now it does look like we were in a bubble at the end of 2017
so it’s looking like the bubble has burst if cryptocurrency has corrected
back down if Bitcoin has crashed whatever you want
to call it things have gone back down now it looks like we are trying to
recover from that now the reason things turn into a bubble is because things up
people start getting in for the wrong reasons people don’t get in for the
reason of actually understanding and believing in the technology people get
in for the reason that they are being sold a dream that is unrealistic the
dream of Lambos in one week basically is what I’m talking about and again I’m
gonna cover all this in just a little bit so bear with me because we do have
some piece of good news first because you guys know I’m always positive on the
big on the cryptocurrency market this is way we are way too early in this you
know revolution for me to start to panic we are way too early in this and I’m
super happy and thankful to be part of this new revolution that we are having
in in technology now I know a lot of you guys are very worried about what’s going
on but guys think about it that way just be happy to be in the position thankful
to be in the position you are in as an early adopter because I think down the
road you are going to regret if you sell and if you don’t you are going to be
very very happy now obviously I’m not a financial advisor this is not financial
advice but I personally am going to be holding as much cryptocurrency as I can
for the coming years guys years and I do have long term plans with it which I
will talk about in another video what my long term strategy is when it comes to
when I want to cash out what I want to do with that money and so we could talk
about that later but today I do want to talk about JP Morgan creates and fills a
new position of head of cryptocurrency asset strategy yes so the leading US
Banking Group and financial services firm JP Morgan Chase would you guys
remember originally the CEO said terrible things about Bitcoin caused the
price to crash or earlier this year and then later all of a sudden he got on
board with crypto with Bitcoin so I’m not too sure where he stands and how
much he was trying to manipulate things but that’s you know something we can’t
prove so not much talking about they’re basically they’ve recently created and
filled the new position of a head of crypto acid strategy this was reported
on today May 17th which was actually yesterday so the article came out
yesterday so Oliver Harris who’s 29 year old years
we’ll take the new rule that’s relatively young they didn’t even ask me
for the job if you can believe that terrible I would love I would love to
help anyways reporting to the head of
blockchain development Umar Farouk Harris will also lead JP Morgan’s
internal blockchain project quorum which begin a which began testing by JP Morgan
Chase and the National Bank of Canada last month either way this is showing a
positive and forward stance for crypto currency and blockchain itself people
getting in JP Morgan filling a position creating a position then filling a
position of head of crypto access strata and crypto assets strategy showing
they’re taking this seriously and they’re trying to elevate their game to
the next level as well because they do see the potential in making a lot of
money in this market the next piece of news I have for you guys is the first
new york-based crypto trading company receives bent
license so Genesis global trading they have been granted an 8-bit license from
the New York Department of Financial Services so the DFS this was again
released yesterday on May 17th so after the bit license became a requirement for
all of New York crypto trading firms in August 2015 a wave of cryptocurrency
currencies left the state either unable or unwilling to comply with the
stringent new regulatory requirements so I don’t know if you guys watch the
documentary about Bitcoin on Netflix banking on Bitcoin we actually saw
something we saw this happen when companies left or cryptocurrency or
Bitcoin companies left New York due to specific regulations that came out that
they could not comply with or they did not want to comply with they left New
York so now it’s looking like things are opening up again and they bomb this
company in Genesis global trading God Kurt was the first one to be granted a
bit license for crypto trade so they get excited to see the cryptocurrency moved
back into New York being such a huge financial hub that New York is it would
be great to see more companies move into here and create you know create a stance
here and create a solid position here definitely something I’m very excited to
see now let’s talk about the crypto currency market because I know a lot of
you guys are curious about this and my stance on what’s going on so guys
everything is falling today if you look at the last 24 hours
everything is red except for by Nance coin so for those of you guys who have
picked up by Nance coin which I was relatively bullish on um for a while now
I’ve been st. by Anna’s point is undervalued it’s up 20% at a 21% today
so congratulations for those of you who pick some up but that’s up to bigger Pro
thing because everything else is in the red and I know a lot of people are
worried about things going down now guys correction or crash whatever you want to
call this all I can say is take this as an opportunity instead of panicking take
this as an opportunity to create the portfolio you want to create you can get
all the get all the aquas you want to a dollar cost average it don’t buy it all
at once if you buy all at once you are stuck in a position where you don’t have
any Fiat to put in and you’re just watching the price drop and although
that is fine if that’s how you want to do it be ready for that to happen
because things could drop and you can’t put any money into dollar cost average
then right or at least you shouldn’t if you cannot afford to put in any other
any other money now if you guys do this with a dollar cost average way which is
a method of putting in money every one to two weeks put in a set amount every
ones two weeks and if it goes down you are then buying in pieces on the way
down dollar cost averaging your your investment basically so that when we do
get above that line you are making more profit I’ve talked about dollar cost
averaging a lot on several videos because I do think that’s probably the
best way to go about investing in anything usually the stock market
cryptocurrency no different dollar cost averaging is a good way to make the most
profit in the long especially when things are going down now I don’t want
you guys to FOMO on anything a lot of people wait for when the cryptocurrency
market to start mooning when the currency market is mooning to for them
to start buying in and that’s not a good strategy guys things are already up you
are minimizing your profits if that is what you do now get not a financial
advisor just giving some good friendly advice about what’s going on but now I
want to talk a little bit about consensus because a lot of news has been
coming out and this the issue I have with the cryptocurrency
market right now so at NYC is big crypto conference the Lamborghinis are rented
and the protests are stage so the protest they had the whole like the
whole banks against Bitcoin whatever that was that was a staged protest and
if you guys can look at the pictures right here
there are rented Lamborghinis that came out so John nori he makes a living
renting out exotic cars for weddings birthdays bachelorette parties and now
Bitcoin conferences today he stood outside the Hilton Midtown hotel in
Manhattan guarding three Lamborghinis bright orange navy blue and black that
Broadway supercars had rented two-bit mechs for the day now guys this is the
problem with cryptocurrency now this is trying to speed up a process that isn’t
a fast process what I mean to say by that is that people should want to get
into cryptocurrency for the technology people should want to get into it for
the adoption for the movement for the revolution that’s going to happen that
is the reason people should want to get into cryptocurrency people should not
want to get into cryptocurrency because of a Lamborghini that is selling someone
an idea that once it doesn’t happen or once they lose a little faith in that
idea they are going to sell and what happens when they sell is we have days
like today or the last week when things have been going down or even the last
few months when things have been going down because dreams were sold of a
Lamborghini instead of actually understanding or educating people on the
fundamentals that is the fundamentals of cryptocurrency so I’m not a big fan of
the way things are happening in certain ways we also there was a picture I don’t
know if you guys saw it of someone at consensus wearing an $800,000 watch guys
it was a rashard mill I don’t know if you guys know what that is I’m big on
watches so I I’m knew instantly when I saw it it was over chard mill worth $800,000 purchased when their crypto
gains now guys you don’t want to be that’s not something you should be
striving towards when you invest obviously that’s a great perk to have
it’s awesome if you can to one day afford that
I hope one day I can afford a rashard mill watch but for now it doesn’t make
sense for you us to sell people that dream
rather than educate people on the fundamentals of cryptocurrency no that’s
just my opinion let me know what you guys think in the comments down below
but also guys little plug right here before we talk about aetherium I do want
to say if you guys want help creating the perfect portfolio while things are
going down check out the link in the description and in the comment section
it’s going to be called portfolio review you and I can get on a call and we’re
gonna go over your portfolio build the best strategy and I’m gonna get help you
and give you insight on some of these small on all coins I’m looking at making
5 to 10 X gains in the coming year now obviously I’m also coming out with
the cryptocurrency the all coin list that I’m gonna make for you guys
available for you guys 22:25 all coins that I think are going
to do very very well throughout 2018 again 5 to 10 eggs throughout 2018 as
long as the market allows obviously but these are some of my favorite picks I
think now is the perfect time to start getting closer relations that should be
releasing in the coming days now is the perfect time as the market is down to
start getting into these positions and just watching them moon when the time
comes but I do want to talk about aetherium today why am i talk about a
theory of 67 almost 68 billion dollar market cap worth 681 dollars right now
we actually went to a high of 800 the other day but it is down as the rest of
the market is ranked 2nd and overall market cap sighs I’m sure you guys know
everything about it the area it is huge but it theorem actually had some good
news come out the other day so it was named the world’s best blockchain
network so it was on top of the pile with a firm with a fast block condition
time and slow transaction fees sits beautifully with 129 point four point
four total indexing a figure that 41.3 less than the Bitcoin total index score
so basically it cerium got voted as the best
yeah they got voted as the best blockchain Network which I thought was
really cool this was actually a list put out by it
at home rep exactly who it was by actually so I’m not gonna mention it it
was a list that was put out that ranked crypto currencies and aetherium was
number one Bitcoin fell all the way down to number fourteen obviously we know
Bitcoin has its share of issues but I do think those are going to be corrected
over time so I think Bitcoin deserves higher than being put number fourteen
but for all of you in theory and fans that was very good signs I think
etherion is going to continue to do well only reason I’m not you know as bullish
on it as I am on neo for example that is because neo is still at such a small
fraction of the market cap that etherium is that if it were to do anywhere close
to reaching neo in reaching a theory of Earth neo were to do even half of
reaching etherium that is some insane gains already that would instead that
would already be a 10x for neo which is sided 3.7 billion dollars a theory I’m
saying that it could do a 10x it would be at 37 a little bit over half of
aetherium is market cap and that would be a 10x for neo so that’s why I’m so
bullish on Neil now let’s take a look at technical analysis really quick so I
don’t want to make this video too long and boring but there was a lot of
information a lot I had to talk about still I’m super bullish on the crypto
currency market super bullish on Bitcoin in the long term but I do think it’s
important to stop flashing watches and Lamborghinis and associate that with
cryptocurrency I think we have to fundamentally educate people on what is
going on and get people on board that move but it might be a slower adoption
process but it is better than hyping things up for Lamborghinis and when
people don’t get Lamborghinis they think this whole thing is a scam and that is
why a lot of people have bad taste in their mouth when they talk about
cryptocurrency but it looks like we did break below the 50-day moving average
obviously not great now finding support at the $8,000 mark hopefully we as you
see we have a wake down here because we did bounce off trying to break below
that balance instantly above that so it’s a good sign to see such a fast
bounce it’s still so early in the day 1008 and by the time you guys watch this
video who knows why where the market is going to be but guys like I said I
wouldn’t panic this is a long-term game if you understand what you are doing if
you are here just for Lamborghinis then you know what now
probably isn’t a good time to sell either as I do think the markets going
to crack but try to fundamentally educate yourself on what cryptocurrency
is and what the blockchain is and what it is trying to do what bitcoin is
trying to do what each project you are investing in is trying to do I highly
recommend doing that so you have a better understanding and you are more
and you’re more confident in your investment but guys that’s gonna be it
for this video hopefully you guys did enjoy this video if you did don’t forget
leave a thumbs up and leave a comment down below to enter a chance to win some
free Bitcoin also make sure you are subscribe and you do have your
notifications turn on in order to see where the video goes live to see if you
guys did win your Bitcoin but guys thank you so much for watching
I’ll see you guys tomorrow for another video


  1. Another quality video and finally some positive news thanks P as always hope all is well good news for New yorkers hate that a few sites and exchanges Aint svailable for new Yorkers. I manage of course but would like more options.


  2. Hey bud quick question.
    How come a atlcoin 60% down its ath can be the best altcoin ? Crazy market

  3. I love this position news and companies that are opening up again.

  4. I agree with you sentiment about Lambos and fancy watches. People should be investing more than speculating, but speculators bring in headlines which will hopefully bring in new interest.

    BTC: 15C98Wv7nNgtoKLKX23toVz1fmLrVSzCDN

    PORTFOLIO REVIEW: https://goo.gl/Fx6xc9
    FREE Facebook Group: https://goo.gl/ph4Hpz
    BINANCE: https://goo.gl/ej3P51
    Hashflare: https://goo.gl/FGCqgz
    **DISCLAIMER**: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.

  6. Hi Patrick great video!
    I’m still positive that we will see the market go up next month or at least by the end of the year.
    Definitely buy some eos if it reaches my golden zone.


  7. A billionaire like in this case Jack Ma can make a huge difference in the market !!!! 2 thumbs up !

  8. Bitcoin with its volatility is not a good storage of value. Because it has no—not that many—real world uses at the moment, bitcoin is simply a speculative bubble. The altcoins, although most projects are still speculative as well, have much more promise than old and clunky bitcoin. Btc might as well be MySpace.

  9. Thanks for your wise and encouraging words in the crypto world. Wealth flaunting should not be synonymous with the cryptocurrency world.

  10. Great video. Thanks for the information. I’m still bullish in reference to the market.

    Btc: 1E1tJM3nTmbkGiHQaPo76EeqzvRi6WmaZt

  11. Long haul folks! No overnight billions….. your killing us. HODL on!


  12. Gut feeling tells me that, the Lambos & bulls will come when we least expect them to.. Could be sooner than we think.. maybe..

  13. Thanks for relating a very important stance on differing between making money while supporting great projects with world changing tech and materiality.

  14. Could be a turning point around this 8k point, we were just down there, and not its time to turne around, probably strive around down there for a little, but i believe its our turning point.

  15. I would love to hear your input on pundix! Its been my only coin in the green for days now. 7.3% airdrop every month, they have a buy back going on, plus they are trying to get on OKeX right now. Please tell us your thoughts on this Patrick!

  16. Hey Patrick! Now Bitcoin is tradeable and on the futures, the big players can manipulate the markets and dump the price . Have the government's been Getting the banks to invest to gain control of the market ?? Anyway the volume on that last leg down was pretty low compared to the previous leg , hopefully that signals there's not much momentum to continue down further…. ! 3Q2MBPvkuhbxbxD53m5cR7mWKFj79nyPWx

  17. Don't you think that the market is being manipulated to the CBOE future markets? They seens to be always right on the value of Bitcoin , I'm worried that I saw that they are betting in the 8000 value until September.

  18. Amazing thanks for the video, an advice needed , i bought 7 btc @ 12300$ and around 9000 XRP @2.1$ each, should i hold or sell it or average it as i al doing now?

  19. Great video as always looking forward to your top coins list. BTC:33XzfcQNP1nhs8i25W2Ggy6gLjfx3iP7CH

  20. Patrick I couldn't disagree with you more I think the dream of creating wealth from cryptocurrency is at least half of it I do agree with you on wanting to be a part of the Revolution and I think that's a great thing however if I wasn't going to get wealthy I would not get into cryptocurrency and waste my time! That being said I do take plenty of time to research my projects and I do invest in companies that I see with potential but it is all about the games let's all be honest with ourselves we're not getting into crypto just because it's cool. I think we should absolutely sell the dream and do everything we can to become wealthy from this movement because it is a once-in-a-lifetime opportunity and in my opinion a horrible idea to look at it any other way

  21. I’m buying as much as I can at the dip, I’m waiting for the bulls to come back and make them massive gains!

  22. I think everyone wants immediate reselts not realizing it can go up alot really quick and down even quicker but at the in the end I believe wverything will be up in the future.

  23. Could 2018 a year long bear market? Consensus 2018 failed, but let see in the coming months.


  24. Thanks Pat! Tron and EOS mainnet updates in next video pls.


  25. Compared to 2017 we definitely haven't had a bull run this year. I really hope big investors hit the market too. BTC: 19PiRMAtss6XrBfSyVa4NmFE9TX9QXPLLN

  26. yea I think wanting expensive stuffs for the cause of crypto currency are bad goals because you don't know what can happen to the market, either go up or crash. it's better to focus on the technology behind the coins or tokens projects. flashing expensive stuffs to people that go in expecting to get rich scheme needs to stop!

  27. June, that could be ‘our’ month Patrick. And also Consensus doesn’t cause an instant spike, wait 2/3 weeks (like past years).


  28. I got to quite listening to your cast driving home from work tgeres always i siren in background that has me looking around for cops lol

  29. Would definitely love a Lambo, but I'm more interested in the Projects and happy to watch and wait to see how they progress. Great video!

  30. Who wants to beat the crypto market?! https://docs.google.com/document/d/1KSnS0o6Yf4x6EdTint1B1vUlyEtkZUuw1Ru45E57Kb4/edit?usp=sharing

  31. It’s ok to be a little greedy I guess, but when you only talk about the moon and lambo’s…..you just sound like a douche. Keep up the good work Patrick.

  32. Awesome informational video! Cant wait to see this next year and realize how low everything WAS.. lol

    Also, any speculation on Pundi X ?
    Seems very undervalued for having a working cryptocurrency supperted point of sale sysytem in stores.


  33. Thanks for the update and encouragement Patrick.
    So much going on its hard to keep up.
    BNB looking good atm

Leave a Reply

Your email address will not be published. Required fields are marked *