Uh, and I am too – and hopefully you guys are so I'm back to my normal time. Back to my office, let's have a good session and discuss welcome to today's Bitcoin and cryptocurrency news. I am George. It is February 13th, so we're happy we're. Almost halfway through February, ready, like I said, wasn't January, ended I'm, like man it's, moving, quick it's, moving real quick because may is coming and may is when having an event, of course is coming and we're all waiting for that. So things are moving quick and now now I think we've gotten first glimpse of what some institutional investors are thinking about right there in it to make money like we are, but in the past right they've been a little shy and they weren't true holders like us, But now they're getting ready to invest and it looks like you know what I found something that kind of gives you a hint of what they're thinking about so let's get started. Let'S. Do this there's a lot to talk about? I had a live stream yesterday. I think yesterday or the night before I was blown away to Utah and uh and whether surprising weather in Utah is better than where I am now so that kind of sucks coming back to this weather planets but we'll get through it. Alright, so bitcoins a little little flaky as of late. This morning we were at this price range done. We shot out to ten thousand four hundred and fifty something.
Then we came right back down, but one thing's for sure this is not a time you want to be a Bitcoin bear just keeps going up and up and up and up and that's, because the momentum is here right. Just like just like this, when we had downwards momentum now we have upwards momentum, but the good thing is it's much slower this time around, and you know what I think that's a good thing when this was happening right many question: we went a little bit too Quick that you know what it seemed like a mini bubble once again, and ultimately that turned out to be correct, that we did go up too quickly right. I know it came back down, but now we're going up and slow and steady and slow and steady and there's nothing wrong with that right. Have we not seen this pump to 14000 and we just went from 3000? Imagine if we just went slowly like this right. If we had a line that let's say we just kept doing this right, that would be pretty darn bullish. You know think people got got scared out because of this, but imagine if we just went slow and steady and went like this from 3000 to where we are over 10000 that's. Not too shabby. I think people's perspective would have changed. Thinking that yeah it's been a bull market all along it has not been a bear market because people thought we were still in a bear market in 2019.
Then no, no, we just went up a little too quick, but right now slow and steady that's. What we want and, and just seems like Bitcoin, is unstoppable at this point, leading up to the having event and then afterwards and that's, when we're gon na have a tremendous pump but short term short term. I drew a lot of lines out. I showed you guys this before the problem. We'Re having right now is surpassing this point right here about ten thousand four hundred and thirty that's been a previous previous resistance and seems like that's the point where we're having trouble with right. So three three consecutive days we try to break it. We can't but doesn't mean that's, not gon na happen. I mean it's, very, I think it's gon na happen very easily. I mean we were just at ten thousand four hundred fifty like thirty minutes ago. Okay, so right now, 200 point swings. 500 point swings. That'S go be too to be expected: that's, not gon na change, but after we break it, then we'll be 10700 and then afterwards, you 11000, and then you know what then it's let's go really start flying because afterwards, if you see after eleven thousand is when we Start going up to like twelve thousand twelve thousand six hundred, you know thirteen thousand that's when it's gon na start really really getting exciting. And then you know what, after having event as we reach towards twenty thousand and beyond that's, what it's gon na be really really exciting right, but right now at ten thousand you know some people are paying attention, but but vastly I mean most majority, most of the Population, I just say the vast majority in a population that's what I was trying to say: it's, not really paying attention to Bitcoin.
So I'll take a look at Google Trends. If you look at Google Trends, you search Bitcoin. Take a look. You know this is last twelve months right. We had a few few points where Bickham went up. Obviously, when Bighorn is going up to 14, but right now take a look after ten thousand it's, barely going up right, so really no one's paying attention and that's a good thing. You go back five years, we're nowhere close to the FOMO. You know that happened in in in January of 2018, so so yeah, the general public, does not care about Bitcoin right now and that's better for you, you and I right, because once they do start caring that's, when, hopefully we have our bags loaded and locked ready To go and that's when we're gon na you know generate some life, changing wealth, so so it's good to be early, it's good to be early all right, so yeah CNBC now is just going crazy about Bitcoin. You know the Squawk Box, usually when they talk about Bitcoin brian kelly was not there, you know, but you got these guys or not. Squawk walk fast money. You got four panelists, including a host that are all bullish on bitcoin. Now not one of them said bad thing about bitcoin and they mentioned about countries. You know devaluing their currency. They talked about Bank Waimea, store value because of fear there's, a lot of things going on so yeah media is trying to get in trying to cause FOMO blood it's, not right, it's, not there yet, but this will only escalate and here's another article on CNBC about Here'S, how bitcoins go get to 12000 won't get into 12000 it's easy? What about getting to 20 in and beyond, that's, where you know scarcity central banks? I don't gobble turmoil a lot of stuff that's happening right so that's where it's go, get it at 12000.
He'S gon na get at 20000 and it's go go away beyond that. Alright, so the one thing I want to talk about – or you know the one signal I found this morning – I think that's kind of interesting is the shows were institutional investors and thinking about even those low, but some are making this call ready. So the backs future volume for Bitcoin normally before it was just like one or two months out, and even if it was going out three or four months there wasn't that much difference between the futures or to settling price. So right now, I'd be looking at February. Slowly, price 9337 we're right around there and then it goes next month goes up about 100. Then the month after that 100 surprising May is down. But you can see the volume is not there, but take a look now there's volume for June, which is the month after having been, and it jumps us significantly 400 points to 11000. So there are institutional vest errs. There are banking on the having event and the way they're seeing you know, Bitcoin grow they're, making bets that big hole will be at least 11000 by June of 2020, and I think that's, a conservative number. The way we're going right now, twelve to fourteen thousand. By to having a matte, certainly not out of the realm of possibility, maybe we do hit 14 real quick when we come back down slide back down to 11000 12000 could be a possibility, but I think this kind of shows you right that some institution of esters Are placing bets like hey, you know what from we are now to 11000 within a few months, certainly possible, and those are tremendous gains.
So most of us, we think about few hundred few thousand for Bitcoin it's, not that much right. A few percentage points here and there, but for general investments this is really good and bitcoin is up already forty four percent for this year alone, which is pretty staggering right. So I think this kind of shows you. What is a social masters are thinking about, and I think this is only go start going up as we get closer to that date, kind of interesting all right. So what else is there a couple of good things and bad things? Well, this one, this one's been spread out so coin ninja, CEO it's, a media site, is facing some serious serious jail time. So supposedly this guy, you know he helped launder 311 million dollars, utilizing Bitcoin mixers and it seems like he knew what he was doing. Basically, he was allowing people to use a mixer for their bitcoins and after mixing the bitcoins to hide their transactions and allowing them to go and buy stuff on a site called alpha Bay, which is a dark market that was shut down in 2017. So seems like he's complicit in that and right now, he's denied bail. He could face up to 30 years imprisoned for for this. This is pretty serious, pretty serious, so he uh he operated a money, transmitting business without a fencing license. So that's number one and conspiracy to launder money. So that's man see you know, crime doesn't pay crime does not pay, especially when it comes to very visible things and tools that people use right.
If you're doing this in a dark alley, yeah, maybe to go away with it. But if you're helping people buy stuff online – and you know that it's it's, it's it's being used for or dark web stuff that's, not that's, not good that's, not good at all, so we'll see what happens all right. So next coin based custody obtains two major security evaluations, SOC 1 and SOC 2, and I know what is it? A Gemini Gemini's custody also receive s.o.s SOC 2 last week or two weeks ago. So Point Reyes is falling so anyways in terms of security. Soc 2. Is there like pretty much the best you can get and it's good for that good for them. And finally, you know people keep asking about corona virus right and it's crashing Asian markets. So whether or not this truly has affected Bitcoin, whether some people have put some of their money in Bitcoin – maybe maybe I'm still not sold on this completely. So, according to this article, you know, China's National Health Commission says that there are currently eight thousand critical cases with 13600 dead. No, not thirteen thousand thirteen. Thirteen hundred and sixty seven fatalities right, so it seems like it's pretty bad, but despite that, they also said that about six thousand people have successfully recovered so far, but a total number of cases is slowly inching to about sixty thousand. So it seems like the corona virus is still spreading really fast, but and the grand scheme of things out of the number of people have died so far and number of people that have recovered.
It seems like it's, pretty good it's, not that bad again. Hopefully it doesn't – hopefully I don't eat my words and it does become really bad, but right now it seems like China is really trying and all these other countries are trying to contain people who have gotten it, but most people that have gotten it. They have successfully recovered. I know in the u.s. there was a couple that got it and I know that they're recovered already so it's, not like it's a death sentence. If you get it, but of course we don't want to see this spread to billions of people, but right now it seems like it's under control. Still alright that's pretty much it that's very much it all right, let's uh! Oh I didn't talk about. I didn't talk about all points. I know some of you guys are thinking about all points. Talking for your thoughts will we ever find out who the real shiitake nakamoto's? No one cares at this point. Jesus. What why do people still ask about that it's like it's, like you know, even if he is revealed like who cares at this point, it's not like he's, the second coming of Jesus right like okay, you don't get over it BBC dominance down more 61 61.8. So it continues to go down because all points are doing pretty good Youth, Ernie, um, even XRP. Look srp up 10 it's been stagnant for awhile, like coin is up card.
Ah no Stellar's up. You know some red some green, but overall, I know all coins are making a slight comeback, which is why I've been saying not a bad time to tap into some all points, right, kind of, diversify and and cost average or get in on some of these all Points that you've been I, however, I know the small caps are still struggling. This is most of the recovery is still the big caps and the bigger mid caps right, so the ones that's pretty much top 100 and beyond, but I got ta warn you guys. You know we have seen this before there's been many. All coin rallies right same thing when 2019, when Bitcoin was going out to 14, and there was many a lot of many all corn rallies, it's, not full blown all quite season yet and remember, even even during hard Bitcoin pump times all coin train now, because of It we haven't really seen a hard Bitcoin pump, yet at least not recently, so I don't think it's a bad idea. I think it's, probably a good idea to start diversify your portfolio a little bit. Some of you guys may be a hundred percent BTC. If so, that's fine there's nothing wrong with that, but you, some of these other ones that maybe you've been ignoring or you sold off, maybe it's a you know: good idea to dab in some of those, because if they continue to go up and continue to go Up trying to get back to all time highs because keep in mind Bitcoin is less than 50 away from all time highs.
But you look at you: 30 um, XR, peo, slight coin by Nance coin, you know card. Ah, no they're, still like 90 percent away from all time highs right, so they're, nowhere close of recovering like bitcoins. So if they do have a good recovery with Bitcoin, you know what you can see: some substantial gains with them, so we will see we'll see all right. Okay, I'll turn back to you guys for some QampA greetings from Amsterdam, I'm excited because end of actually beginning of March I'm, actually going to Switzerland going to Geneva. Auto Show so I'm excited about that. I haven't been out of the country for a while, but maybe some of you guys are from Switzerland or from Geneva. Rich party says, sell your alts today make your profit and get out today wide today, that's tomorrow. Why not next week come on? Can we chain reach a penny before all season, yeah for sure yeah? I only need to go up like 20 30 to reach a cent, so it could definitely do that recently. Finally moved about 20, something percent, so it could definitely move up. Another 20 30. I mean I still like V chain, not not only because their fundamentals but just look at how cheap they are compared to everything else, there's still under 500 million. When you know what looking at cosmos and iota there are 900 million, it could easily be there right. So that's more than double already, and can it be multi billion dollars yeah someday, I still think V Ching will be top ten eventually, but right now people are not paying attention to it.
Enough Brian now there's a lot of those sports. Those a lot of those crypto that's involved, supposedly with sports and sports fans. No one cares. No one cares, honestly, the only thing what what will get people to care is. If you get those coins to be used for sports betting, then people will care and buy it and use it. Otherwise, look at like when what Miami Dolphins did that helped like coin in any way, no zero, and just like the soccer teams in Europe, some have partnered up or or came out their own crypto. Does anyone care? No lady keeps 101. Thank you for that and appreciate it and someone else early. I think I missed a super chat. Vincent Torrez, asking about stacking dolls. I I don't know: dolls is still too small right now, I like to see them get a little bit higher, but right now, they're, just like really really low, still it's, not bad to buy some right now because it's such a low, such a small market cap. If it recovers, so you can recover Vic Lee really quickly, but right now, small caps, they're just not doing they don't have the momentum. Why isn't there decentralized peer to peer sports betting platform using Oracle's, I don't know there's. No one spend a time to do it, though decentralized ad there'll always be debates about that yeah about what he did. You know and the whole I don't know: I've talked about Charlie enough, so I don't want to go into it again.
Edc labs collaborate, phantom foundations are network dive defy coming, ok, good, good, I'm, less negative on EDC recently, because I kind of found out that you know they're trying to be interoperable with authorial and that's better because it gives them gives them some life for the future. But still I mean III um. I like Ethernet butter in et Cie. The only thing good for you thorium classic is the fact that it's cheaper or is it it was in number. It was like number 10, not too long ago, so it definitely definitely gained some momentum. Tee'S oesn't chain link both pretty good project. Tease. Those four I got ta admit I've always been negative toward Tito's for a long time and their troubled history. You know the one of the foundation members being kicked out and all this and that and delays upon delays upon delays. But I got ta say the t. Those community have stayed real, strong, real, strong, and the fact that you know they've been setting up with exchanges getting their staking working and stuff has helped them tremendously during some week period. So I have to say to you: those is actually going pretty well et. Cie is not hard money get out of there. I do a livestream on drivers only I want to, but you know it's, I don't know if the channel is big enough. My live streams, like probably like 10 people that go show up just ask here, but yeah you eventually I want to you know I want to once I start going to some of these events and stuff.
I love to do just live stream. So I'm me driving the cars and stuff. You know I would love to do that eventually, but the channel is growing. You know once once I gets to a certain point: I'm gon na start doing more live sessions or start live sessions. There is there anything on the top 100 like I like yes, but they would not be ones. I put money in right now, so let's I'll just leave it at that. You know. I know a lot of people like to buy lottery tickets. They want to buy things while it's ultra cheap and hoping that they're gon na become a millionaire which could work. You could diversify your portfolio like that a little bit, but right now I like to see what I like to look at trends and shifts right momentum shifts and Bitcoin is never gon na go away, but you're looking at alts that are recovering and what are they Right there in the top 10, mostly and then some in the top 100 but that's, because people you know, have faith in them. These projects are larger, more well known, but there's more money in there, so it's less likely to be pumped and dumped. Although it does happen but that's, the reason right so I like to see that come out as some of the smaller projects before saying hey get back into it or for me to get back into it. J back you're too late, that's, just guy coin, ninja CEO, like I said crime, doesn't pay don't try to do don't don't, try to you know in crypto, especially since a lot of regulators and everyone's looking at it, because they already think that all crypto is being Used for illegal activities, yeah don't don't try to do anything bad because you don't want to be facing thirty years of prison sentence.
I don't think any of us want to be in prison for thirty years. I think voice decentralized social network do well. I don't know it could all right. People are moving away from Facebook right. The younger crowd is going into things that entertain them very quickly, like tick tock now and there's another one that's coming out. Two people are more people – I guess social media, I think, is moving towards how to get entertained quickly right, even YouTube. Videos like even with my car channel it's like there's people that make 30 minute videos or 40 minute. Videos of you know reviews, but no one's gon na sit there for 40 minutes and watch a car review right. So I try to keep mine as short as possible, while still giving as much information as possible. But you know you look at a lot of YouTube. Videos they're under 10 minutes five, six, seven minutes and companies and people start making clips of movies and stuff right or sports stuff that's. Only like two three minutes and they're doing well. People just want to be entertained fast right so that it seems, like social networks are going that route so by the time voice is fully out and it's done. Whether people really use it. I don't I don't know is by that time. Maybe no one cares about. Like a full blown, Facebook or decentralized Facebook, yeah save me on Twitter Twitter's, like you know, you get your information fast and that's.
It that's pretty much it right. Rather than read a news, a whole news report, you see news, you see headlines and you see people's thoughts and that's it people do have short attention spans and it's only goal increase. I think mr. Stefan said George I sold yesterday I'm afraid to go in now. See this is the time I've said this is not a time to be outsmarting the market. Okay, because you're, not the only one. Other people have done it and usually, when he do it, you could lose more money. Okay, where you go lose SATs. I should say you don't lose money, but you lose SATs, which means you have to end up buying Bitcoin back at a higher price and you have less of it. So right now is the momentum right: there's no we're having a slow, uh price, there's, no huge pumps, so Bitcoin goes up. It comes down. A little bit goes up Morris, you know, stir it's like a staircase right and I don't think that's gon na change anytime. This year well sure we could come down a little bit, but it's gon na recover back up, so don't try to outsmart to market too many people, including myself, and I still make this mistake. Sometimes you know I'm thinking, okay, it has to top out right I'm. Looking at like five different indicators and bick, one has to top out right, so I would sell – or some of you guys may sell and then guess what Bitcoin doesn't go them down.
It just continues to go back up right, so I'm, like ah now I have to wait or now I don't want to miss out to the next pump. I got ta buy back in right, same thing. When people sell they're like okay, it's gon na go down to this point, so I'm gon na buy it here right and they're waiting while you're waiting into this number comes. So you know Bitcoin and the crypto marker is volatile. Some people – some traders – could be they're. Lucky if they're right 51 at a time that means majority of time they're right, but most traders are more like 5050. Sometimes it works. Sometimes it doesn't. But you know what works. A hundred percent at a time is holders holders a bitcoin are the ones that made the most money by far not traders there's people that's just helped that's it. So right now, with the momentum swing upwards leading toward having been and towards you know, 2021. This is not the time to try to outsmart a market by some. If you can, with the dips and simply hold and that's it that's it. I think that's the right strategy to go, you can you could try to out. You could try to outperform Bitcoin by investing and dabbing into some of the all coins, since they do tend to move faster, that's, okay, but I don't think it's a good time to try to try the time top and bottom right.
Now I mean you just go you just go give yourself so much stress I mean there's no point to it. Yep, Google Trends I mean right now. Fomo is still very low. Look at the past five years, where we are now barely anything right. Even at 12 months you look at a 12 month, chart it's going up, it's, barely barely okay, so formal is definitely not kicking in yet and that's good for us right bees by the time full mold really kicks in bitcoins already past 20000. So those of you guys are still trying to accumulate more, not a bad time. Look at this top top interest is Nevada. I wonder if that's, because of Vegas I don't know I don't, know that's the thing people in Vegas. They like to gamble so they're there they're thinking that this is this – is a specular blade, top related searches, cash app, see, Jack, Dorsey, Jack Dorsey is is having effect on Bitcoin that cash app, which allows people to buy Bitcoin people, are searching for it. Alright that's it Bitcoin going up and down a few hundred points here and there so overall there's nothing to worry about I've been sleeping a lot better. You know I've been, I haven't been stressing out with Bitcoin recently, because I know you know what it's go: go up, it's go, go up and I've been saying that for a while, but yeah I know, but now it's, like man, it's it's bad to be a Bear it's good to be a bull right now, because the momentum is in full swing and it's only go go higher and higher and higher alright that's.
It thanks for tuning guys make sure you smash with the likes subscribe to the channel and since since look at this XRP is up 10. I got to share with you guys some some important message from our friends at Saren labs. All right take care, bye, bye, Music. What do you think about Ripple? Well, I mean, I think, it's too centralized, but I definitely want to meet Chris Larson Music Laughter.