Why Altcoins Could Change The Crypto Game Soon
welcome back welcome back welcome back
Channel guys welcome back to crypto
currency Theory happy
Monday to you happy to or Monday night
depending on where you’re at in the
world guys let’s look at let’s just look
at a couple news topics guys
um prices have recovered on a couple
things uh if you guys have been watching
the market we saw grayscale recover
pretty aggressively this morning on bchg
um we’ve seen other grayscale kind of
tick up even though the crypto Market is
uh not necessarily up too much today it
has been up the last two days and that
is kind of why we’re getting that type
of movement into uh grayscale you know
obviously the Market’s open on Monday on
grayscale over the-counter trading so uh
you know expect crypto to to you know we
have people ask about this that’s why I
bring it
up if Grace skill Rises over the weekend
best be sure that uh gray scale will
take off on Monday right that’s kind of
the thing it’s kind of the trend because
that’s what the grayscale stuff is guys
uh guys we are live on the channel live
on the
chat like you being part of the chat see
anybody’s arrived or rushing down Allan
what’s good what’s good my man did you
uh Alan I guess you haven’t been to
sleep right this is uh since you were at
the chat last night that was at 6:00 so
I guess it’s it’s it’s uh evening time
there evening
time so we are getting warmed up here
we’ll take a peek at prices guys we will
take a peek at uh some stuff happening
actually I guess the main news that uh
is happening not this week but the 30th
guys is CZ is going to be sined whether
or not he’ll get time hopefully
not but uh we’ll have to just see how
that that kind of unfolds that’s going
to be kind of a big
trending uh news that isn’t going on a
lot of places you know not many people
talking about it but you know
nonetheless it is kind of the
uh so couple there’s a lot of stuff
happening in altcoins all right so
that’s kind of the the title of the
video guys is altcoins because it’s it
really is true what up rioo
uh so now it’s evening yeah so we got
people coming in twice a day guys so
Allan I know it’s been a long day at
your cuck job uh maybe it’s not a cuck I
think that’s Mr fool actually but um you
guys are at your job or whatever
appreciate you guys checking us out here
on a Monday I know Mondays are a little
bit slow on the channel so you got
Mondays off even better or if it’s it’s
uh evening time even
better but a lot of stuff happening
nonetheless um I don’t know if it’s Tera
Luna classic or uh I believe it is teral
Luna classic which is the LK token guys
it is being taken off Exodus I actually
have a little bit and I think it’s about
a Penny’s worth now at this point uh but
just a reminder if you got any uh LK
token on Exodus wallet they are going to
be taking it off and uh looks like their
the lunk Community is uh trying a uh
important proposal so this is kind of
the thing that even though it’s like
almost 2 years later now from the uh I
don’t remember exactly when Tera Luna
went down but I feel like it’s been
almost 2 years we still see the token uh
being traded around and we actually see
people proactively trying to uh save the
community which I kind of feel like when
coins like when tokens go in this
Direction guys and the whole thing is a
scam if there’s really not any utility
past the actual token contract you can
say that pretty much about 90% of the
market um it’s almost better just to cut
cut ties with the token you know cut
ties with the coin and uh just let it
just let it go you know um you know the
reason I have teral Luna guys classic is
just because I was trying to gamble a
little bit with it and I lost three Neo
for it so to give you an idea of how bad
of a choice that
was it wasn’t the best you know it
wasn’t the best to say the
least
um looks like they’re doing some type of
privacy uh thing on Sheba I don’t see it
on bitcoinist.com but I feel like I did
see it uh sha glitch Network outter
hinders
experience so yeah just the typical news
guys just the typical news uh not really
want to read too much into it uh but
they are going to look be selling FTX is
going to be looking to sell a a good bit
of locked salana tokens so you know I
made I made an episode months ago guys
last uh and I feel like it was like over
the summer of last year now at this
point maybe it was not that long ago I
think it was uh you guys can see it it’s
one of the more popular videos we did on
the channel and uh I you know I’m not
against anybody on this channel holding
salana I just say the thing with
salana is uh be very very careful with
salana guys and that’s just my own uh my
own thing because it’s already up from
$9 and yeah token price doesn’t really
matter if we’re looking at uh you know I
mean we could say that about BTC or
Dogecoin and and look you would have
missed out I’m just saying be careful
with salana guys that’s all I’m saying
they you know FTX had its hands in a lot
of salana um you know they’re obviously
going to be uh selling off um locked
salana tokens so you know will this
affect the price you know sometimes
sometimes we’re actually surprised and
we see the price go in the opposite
direction when they uh you know when
they unlock coins or tokens you know we
would think that by unlocking these and
then them selling them would cause a
price decrease but a lot of times it
actually uh does the opposite you know I
think FTX token or ftt was up last night
uh ftt token was up last night I think
Salon is still down but you know not
really down just down from where I feel
like everybody bought it which was like
180 200 you know and now it’s down to
150 obviously it’s up from 9 bucks uh
you know that’s still incredible we’re
still up you know 1500% from I think
maybe a little over a year ago but
nonetheless it’s still you know if
you’re if you’re tying in the crypto
Market just based on speculating like
that you you’ll get lucky a few times
I’m not saying nobody’s going to come up
on on salana Meme tokens or anything
like
that but I would say most of the time
not you know it’s and most of the time
not so just be careful with salana guys
obviously I’m not telling you to if you
bought salana I’m not saying go run and
sell it or anything like that just be
aware that uh you know binance or not
binance FTX uh the the dissolved Trust
of whoever’s handling uh the the assets
on FTX exchange they’re about to be able
to um you know they’re about to be able
to unlock a lot of salana so you know on
a on a coin that’s had so many
outages um the tokens will be sold
through an oxen process uh departure
from a fixed price sell previously
conducted so we’re not going to read
this guys because again this comes down
to just basic stuff and we rather jump
back into the prices because we’re
already at you know uh you know we’re
already going through the stream here so
just an FYI if you’re keeping salana on
FTX uh or not FTX if you’re just holding
salana in general just be aware the
Network’s gone down a few times every
time I log into exus wallet guys they’re
giving you a disclaimer saying hey your
transaction might not go through check
back in a few hours if it doesn’t so
that’s not the type stuff that I really
see crypto being uh you know value in if
if people are building stuff on salana
and yeah maybe it’s a network overload
based on all these meme tokens but still
guys we have coins we have blockchains
that can handle this type of throughput
and uh to just be you know sitting there
buying salon at $200 now seems like a
pretty stupid idea not not dogging
anybody if you guys did it I’ve boughten
coins I bought zcash at 320 and is down
I think 20 bucks so again I’m not
telling you that you know I’m not
telling you that uh you know run out and
sell your salana or you know maybe the
time to buy salana is now but just be
aware that
obviously uh it’s had some issues salana
has definitely unnoted had a lot of uh
lot of issues so looks like Unis swap
has gotten a Wells notice but I feel
like we heard this news last week so
this is two weeks ago I guess they’re
still running as a headline on uh
altcoins so let’s see yeah they’re still
running the headline on Unis swap Labs
from two weeks ago guys on this Wells
notice so maybe we’re bullish on uniswap
now
right maybe we should be bullish on Unis
swap
now guys if you like the channel feel
free to you know share the
video uh Mr fool what’s good he’s not
getting the notifications m cool I feel
like it’s your computer or something I
know that’s you know I hate I hate
putting the blame back on you for not
getting the notifications but
um I think Allan told Allan you were
getting the notifications right we we I
think we discussed this I think it’s Mr
fool I think it might just be you now at
this point uh you know not trying to not
trying to point the finger but I’m glad
you’re at least checking the chat I mean
I check YouTube a lot too guys I mean uh
you know Mr Fool’s obviously a dedicated
Community member um
you know maybe at some point guys we’ll
get like an email list going or
something you know where I can send out
letters on your email I know really you
not really use my email too much anymore
anyways but uh you know maybe it’ll be
like a second Second Avenue to remind
you guys that we’re online because I
actually do get uh notifications to my
email when I go online but I think
that’s because it’s my channel I mean
you know what I mean it I don’t know if
you guys can can have that um that thing
happen but yeah it might be just you it
might just be you um
the notifications is on and off yeah I
don’t know that’s really weird I’ll have
to uh Alan did you get the notification
I need somebody to confirm Rego did you
guys get the notification to to come
into the chat
today so I need to make sure that nobody
got it and then maybe it’s something
with my uh my live stream settings which
I’ll check again but I feel like the
other day uh we had this this
conversation already and people were
getting uh the
notifications so
so yeah guys F I mean FTX is going to be
able to basically they’re basically
going to be able to if they want uh just
unload these salana tokens and it looks
by by from the article you guys can read
it it’s on bitcoin.com uh it looks like
maybe uh if that was the case I I don’t
think that’s going to be the case
there’s probably going to be like it
says an auction and people are going to
substantially buy because you got to
think it’s a ton of Soul tokens like if
the market were to just sell these Soul
tokens
let’s just say that’s likely not going
to happen uh because the price of Soul
theoretically we would think I mean from
a uh a trading perspective that if the
bankrupt exchange FTX unloaded a bunch
of Soul token we would think that the
price would go down but again we see
this weird in crypto where a lot of
times uh we it doesn’t do what we expect
which you know um but it also goes down
to they’re not going to be just dumping
them okay it’s going to be like an
auction type thing and somebody’s going
to take over that massive amount of Soul
tokens and they’re going to become a
market maker on one of the exchanges I
mean that’s probably likely more or less
uh what I see happening with it but uh
just be careful with soul guys I Soul
token the thing is is I’m not even I’m
not worried about them dumping like that
I think somebody will you know probably
you know come in and and become a market
maker but it’s just the the platform has
too many issues okay it just it
does and I don’t see myself talking
about it massively on the channel like
if you guys want me to do videos on
salana you know maybe I could do one
like once a week but I don’t think a lot
of people are coming in here uh wanting
videos on salana which is leads me to
believe who the buying it you
know who’s buying it do you guys buy
soul token right
now uh Alan said he thinks it’s YouTube
no I didn’t get it today I was already
on YouTube I saw your video showing live
yeah I’ll you know I’m on OBS so I’m
wondering honestly you know I’m almost
thinking Mr fool like maybe it is
something on my end with the
OBS um I’ll try to look into it more to
make sure it’s not me doing the live
stream because what we could have is you
guys could be getting the notifications
on the videos but not the live stream so
I’ll look into it Mr fool because uh you
keep saying you’re not getting the
notifications but luckily um we still
got people coming down to the channel
and you guys can always watch it
obviously it’s not as good to watch I
think if you don’t watch it live but you
know we do get a lot of views later on
on the channel That kind of thing from
the live stream so I guess uh you know
uh a lot of people are not watching it
live but still find interest in the in
the live stream videos so that’s kind of
the thing with the news guys let’s
switch into the prices you know we got
to cover some of the news guys because
there’s not a lot going on with prices
even though we have ticked up okay even
though the prices have ticked up it’s
not really the same as going up you see
what I’m saying so
uh the price is returning I I think if
BTC returns to 70k that’s not going to
spark additional interest interest from
people that are already in it yeah you
know hedge funds and stuff will be
looking at it they’ll be trying to uh
you know get out of their trades get
back in trades that kind of thing but um
you know we’re not going to see a lot of
euphoric running in or people into
crypto but we might see that from the
alt coins you know if BTC heads higher
uh that could be a definite definite
precursor for Alt coin uh altcoins to
continue to go up and that’s kind of
what we’re looking at in this video uh
in this live stream is the possibility
of that
happening okay so let’s see what we’re
doing here on the 7-Day chart looks like
Bon is number one at 32% up Pepe
creeping in at 30% uh Shiva at
20% so uh flaky at 18% guys and you know
not trying to toot my own horn here but
uh we were talking about this a few days
ago is watch these dog enthused meme
coins obviously the bigger ones are
going to be Bon sh and Flaky you know
there’s a there’s hundreds of dog memes
but uh we did say keep an eye on that
this week uh as prices edge up because
uh these coins lost a lot right uh these
coins lost a lot looks like there’s also
doing something with a I think I saw
something privacy a12 million uh privacy
thing on or privacy fundraiser on shib I
think that’s what we were seeing here on
bitcoinist bolster the ecosystem maybe
it was privacy I don’t remember I
thought it was
but uh no it was a it was a layer three
okay I don’t really know we’re not going
to read all that guys cuz obviously if
it’s not giving a 2 3x gain on shib
price we’re not too concerned about
really what’s going on but we are
concerned if they’re saying stuff like
FTX is about to have access to a lot of
tokens in the case of Soul token
uh that is something we do want to make
note of so we make note of the negative
stuff uh but we don’t really worry about
too much of the positive stuff on coins
because you know one little event really
isn’t going to be something enough for I
me to run into a specific
token
uh
Allan Allan uh so yeah so we’ll check on
the noted I I have noted guys we’ll
check into my OBS to make sure that
there’s not something that I need to
make sure I’m doing here on my end to
get the notification but uh we
appreciate you guys uh you know knowing
we’re on here you know thank thank you
thank you for that we’d obviously have
more people coming down if we uh you
know had the notification going so it’s
probably something on my end we’ll look
into it so yeah Guys prices are pretty
much uh doing their thing uh like I said
this week gain we’re on dog meme tokens
more reason not to go into those you
know again guys never telling you what
to buy or what to sell but uh I’m not
going to go in on something that’s
30% up from a you know a
relatively uh big Market push for
altcoins that’s happened in the 7-Day
period that’s just not a smart thing to
do uh we’d rather take a step back and
say what is undervalued right now you
know I think what’s undervalued right
this second guys is
um you know from from look at the prices
on grayscale today I almost think that
uh we could Edge higher on bitcoin cash
you know I know people have been people
have been interested in Bitcoin cash
kind of growingly or ongoingly as the
prices grown up to like this level of
like4 $600 I feel like more people are
looking at Bitcoin cash as a potential
hold not just a potential trade like
people are starting to be like oh well
you know maybe Bitcoin cash I should
hold a few of these just in case you
know maybe maybe some of these people
that are holding these and I think
Bitcoin has be kind of the same thing
but more on an underground type level
it’s a little more Underground on
bitcoin SV it’s not so much uh you know
uh broadcasted out there I guess you
should say so it’s a little bit uh you
know it’s a little bit interesting how
this stuff’s starting to play out and
like we’re still at above 500 bucks on
bitcoin cash guys which is still like I
think 300% up from where we were last
year does that give you guys any kind of
idea of how fast like all these other
coins could start moving like Litecoin
could go up to 300 bucks and suddenly
you know we have a lot of interest
around Litecoin so those type scenarios
could play out I’m thinking you know
that is what could directly lead lead to
the price doubling and look we’ve seen
ordinals come down from like 70 bucks
but still guys it’s up
$48 so like we started zooming out to
see where we’re at the last year and
we’re still kind of like holy you
know we’re still kind of like what the
heck is going on with these prices cuz
they’re still up so much
like you know if you told me a year from
now we’d be sitting at where we’re
sitting at a lot of these coins I would
say uh yeah you know I would say
yeah because honestly like last
year was it was starting to get getting
a little scary but you know obviously
we’re not we’re not there anymore right
we’re already uh at a new new position
position you know new stuff but like
you’re still up like you know almost
200% on coins like bsv guys still like
even though you know like we could be up
at 200% here pretty quick we’re up 100 a
little over 100% so still a lot of coin
coins
outperforming uh you know BTC which it’s
never guys i’ never I want to get
something clear and I told you guys in a
video the other day I’m never like ah
btc’s up I’m mad that’s just I don’t get
mad when Bitcoin goes up but I get a
little bit more excited when I start
seeing other coins up that I hold more
than BTC CU I know that those coins are
climbing and it looks like Bitcoin SB is
actually underperforming Bitcoin uh core
which a lot of people might say well
yeah duh but it’s like you know my
Bitcoin cash is up 300% you know so it’s
outperforming uh you know it’s almost
it’s
almost guys it’s almost doing twice as
good uh you know it’s at almost 350% up
which would you know you guys can do the
math on that but um like I think we’re
going to start seeing a lot of altcoins
uh start outperforming BTC like very
quickly guys and and and again don’t
think of it as like Yay I’m winning
think of it as like if that occurs those
coins will send BTC higher as well so
there’s there’s there’s a there’s like
kind of like a symbiotic relationship
among altcoins and uh Bitcoin and um
ethereum so think about it like that
rather than be like oh like oh yes
spiteful Eddie’s getting his wish and
like my altcoins are outperforming
Bitcoin I knew I would be the best it’s
not really like that see it is more of
like a lot of these coins and tokens
kind of piggyback off one another so in
a general sense yes we’re hoping that
other coins um could change the you know
according to the title why altcoins
could change the crypto game soon is
because the direct effect of these
altcoins going up uh is good for BTC
it’s good for ethereum uh and it’s good
for
crypto in a general scope so you know
don’t think about it as we’re competing
like we’re like yay we’re finally doing
better it’s more of like let’s get these
altcoins higher uh if BTC continues to
go up great if ethereum continues to go
up fantastic guys we have uh you know
all this stuff playing out like
we thought but we do obviously get super
stoked when we see uh coins that we’re
holding or stuff we’re holding in our
wallet obviously shoot up in terms of
dollars that’s great to see but there’s
a lot of altcoins that are uh performing
really well against dollars so if we
look at that we look at BTC we look at
the overall crypto market cap and to
give you an idea of what that market cap
is it’s 2.4
trillion uh that’s when we become more
bullish on our own positions based on uh
not just BTC not just the coins we hold
just the general uh consensus of current
thoughts of the altcoin and crypto
market right if we see the crypto Market
go up yeah we’re going to be
excited especially if we’re in coins
that are going up even more than BTC I
think that’s what you’re going to see
guys I think what we’re going to start
seeing into the summer is a massive push
into altcoins and guys that might just
be the starting point for when BTC
starts going up you ever think about
that a lot of people are like oh well
altcoins could go up and you know I’m
selling I’m getting out of this stuff
but those same morons are going
to sell and then BTC is going to climb
up slowly over the course of the next
potential six months to a year and what
do you know altcoins are going to hit
all-time highs against dollars and uh
that’s when it’s going to be party over
because people are going to be looking
at it going dude if I just huddled
like everybody told me to do I’d be way
better off and then those new lows might
be uh self-denial lows that people
aren’t ever going to be able to get back
in on right
people don’t like selling
coins and then those coins going way up
and then them not being able to get into
those same positions I know from
experience guys you guys have heard the
Dogecoin have I purchased Dogecoin
recently that you guys know about no and
it’s because of what I’m trying to tell
you these people that sell their coins
will not buy the
coins that they sold at a later date for
a higher price and they’re going to be
in denial about those coins and they’re
and the coins are actually going to keep
going up that’s what’s going to be the
so the like the
self-denial prophecy of how this works
is those same
people and again I say those same people
guys because I’m in that group of those
same people so this is not just me uh
you know telling you guys this third
person and and and referring my myself
as an outlier I’m in this group I’m in
this same uh you know this same argument
of if you sell your coins
and those coins go up even more you’re
going to be annoyed and you’re not going
to go back into those positions because
you thought they were worth that you
thought the dollars were worth more and
guys if I did that with Dogecoin I’d
still have 300 $400,000 worth of
Dogecoin
so my point is guys is I’m aware that
that is the case and I’m aware that
we’re all going to do it we’re all going
to do that because we’re too stupid and
too greedy to understand what we’re
doing that is just the the honest truth
and uh you know it it sounds a little
bit brutal you know some people may be a
little bit uh a little bit more patient
a little bit you know
obviously you know so people are are
going to be different in that respect
but you know we’re not going to we’re
not going to say it’s not going to
happen to you it’s not going to happen
to me because once it happens to you
you’re kind of like oh well uh what
the you know like what am I doing
here uh why am I sitting on
cryptocurrency Theory and why are my
coins exploding after I’ve
already
sold it fails me not every time I sell
Bitcoin cash guys the price goes up
every time I sell an Al I could probably
sell all my altcoins right now go into
Bitcoin cash and I would bet you all my
altcoins would
pump and then if I went back to those
altcoins I’m going to be getting less of
them and uh then if the price revers
guys I’m actually going way down
so that’s that’s what I keep telling you
guys and I know I’m kicking a dead horse
but I’m going to keep telling you the
only way this works is if you’re
ongoingly making Investments you know
what investors do guys they ongoingly
invest that’s why they are investors
somebody that invest one time or a
handful of times and never does it again
never ha it never happens guys it never
works there are people that do that I’m
not saying that you can’t come in one
time and change the you know the rest of
your life with one
investment but but is key word there not
likely okay not likely that’s why you
see investors constantly invest you see
people that are bullish about crypto
buying crypto you know go back and watch
the Youtube guy who was watching Bitcoin
C or Bitcoin at a 100 bucks uh he’s
still making videos about how he’s
trying to get more at
60,000 so
like please try to understand that
Dynamic that the the course of action
with crypto to be successful is
ongoingly by the coins you like if you
like Bitcoin cash at a 100 bucks you
should like it at 10,000 bucks based on
fundamentals based on what this coin can
do you know where I can spend it how I
can send it to people how I can bring
people into crypto by explaining it to
them but don’t come into crypto
one time with one purchase and expect
you know your life to be substantially
different the people that are making it
in crypto guys are the ones that are
bullish all the time they’re always
buying crypto look at Mike novagard look
at uh you know other people in
the space that have been in the space
that have came in from an investment
standpoint uh obviously uh Mike noar
lost a lot of money on taluna when it
crashed guys but he got a tattoo
on his arm you know who knows how deep
that web of stuff goes so it’s
not even open the Pandora’s Box to that
my point
is if you are looking at coins you need
to be looking at coins as much as you
can uh you need to be buying coins as
much as you can and if you’re not uh
just think of it as you’re not going to
come up in crypto if if you’re just
banking on that one you know you’re just
banking on that one purchase to take you
where you think you need to go it’s not
going to be that one purchase guys it’s
going to be the consistency of those
purchases that is is going to get you
Financial Freedom just like anything
there’s no there’s not really a lot of
getrich quick
schemes and uh guys are we starting to
lag looks like I’m getting some stuff am
I lagging on The Voice or am I lagging
on the video as
well so I might have to with this
router here but it looks like we’re at
least getting
uh yeah we’re starting to lag again this
is starting to
lag so
you we’ll start doing a test rod on my
upload speed before I come on here
that’ll be something I do if not I’ll be
hitting that reset button on the
uh the
modem so yeah looks like we’re getting a
little bit of lag guys but it is the end
of the Stream So if you like the video
make sure um or not video if you like
the live stream keep coming back and I
will I will fix the lag on the AUD or
the uh video but at least we’re getting
#bitcoin #crypto #cryptocurrency theory
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