We are going to be talking about bitcoins continued crash of almost 1500 already this week with expected outcome of 8700, also I'm, going to take a look at what's. Going on with all this coronavirus talk. Why everybody's so afraid of it and what it actually means, because I think it's being completely blown out of proportion? Et, lastly, we're gon na take a look at a few reasons why you should still be very optimistic about Bitcoin in the future. So if you want to find out more about that stay tuned for today's episode, d'accord, what's going on everybody, if we take a look today at largely red day, almost completely red there's, barely any cryptos that have had any gains today. Overall Bitcoin dominance has increased a sixty four point: one percent, but right now, we're looking at about at 9000 9200 Bitcoin, 241 Théorie, I'm 24 cent x, RP biggest gainers for today, dragon coins and really there's only three of them and the top hundred that have actually Gained for today and the biggest losers d, central and it shares and L now what's going on with Bitcoin. We have this head and shoulders formation with an expected price of eighty seven hundred dollars, which fits very well with these expected support, resistance lines that we have here of since we've, broken through the one at ninety three hundred dollars, as I was talking about since we Broken through that to the downside then potentially heading to this 8700, one where there is pretty significant support, so that's where Bitcoin looks like it is going now in terms of what to do MACD trading, so MACD trading, basically back in February 15, when Bitcoin was around Between 97 et 10 et 10 3 basically said to trade back into a stable point, and had you have done that you'd be pretty well right now, so coronavirus is making news in everything everybody's talking about coronavirus, everybody scared of chrono virus.
This is like the biggest fear and I think, it's completely blown out of proportion, but let's take a look at this thing, so article here coronavirus will delay China's digital currency, so basically what's happening. Is the Chinese government says that their digital currency is going to be delayed because of the coronavirus? They think they still think it will launch this year so in China? Obviously people are scared, but I've even heard reports of where people are starting to go back into the streets and China different things like that. So they're not as scared as it may have been previously, but even so coinbase releasing plans for the corona virus spreads, so they have a three to four tiered phase: three phases for what to do in terms of the corona virus. So things from just cleaning the offices – more often restricting people from entering offices to in case it gets to the third phase containment has failed, is going to be a wild ride and employees working from home third party services unable to go to the office. So I think yes it's great, that they have this plan, but I think again, it's somewhat ridiculous and I'll. Tell you why in a little bit but here's another thing coronavirus and three major reasons why Bitcoin broke below 9400 so coronavirus and met six explanations for cryptos. Fascination with corona virus, so here they talk about everyone discussing corona virus, not descriptive, because it is everyone's talking about corona virus because they don't understand it that's.
Basically, what prophets of doom self sovereign orientation mistress of authority interest in the role of Bitcoin in Reverse? Has it black swan' showing fundamental disconnect of market? Basically, everybody here's corona virus, just like they hurt swine flu h1n1, all these different things previously ND and they pure pandemic, and they don't even know what these things mean and they blow it out of proportion. Oui, a lot of people can be affected by her own avars, but it has such a low mortality rate. So let's take a look at some of these things, so this is the Center for Disease Control current of ours, and the only reason I bring this up is because I am technically a doctor. I studied be a veterinarian. I am technically a doctor. I learned a whole bunch of other stuff. We have coronavirus a lot in dogs and cats and it's, not something that we worry about that much I mean in cats yeah. It causes FIP pretty bit, but still this, but this article talks about everything that the CDC is doing their response for coronavirus, which is really good, because it is something that they're not exactly sure how it's transmitted but air to air. Basically, air contact can cause so that they've done they stopped travel from places that have it so Chinese people, can't, travel anymore, everybody's wearing masks every washing their hands. They have have the gel all over. They even have heat cameras at some of the malls here to search for people who have some type of flu going on.
So all those things are good to help prevent it. Now everybody is freaking out because it's a pandemic could affect everybody. bien, ever I mean there haven't really been any serious pandemics since this swine flu back in 1918, which is a hundred years ago, but this swine flu is insanely different than what we have here with the corona virus. For the main reason, the mortality rate so granted a lot of people could have been exposed to the current virus could be getting it, but out of 1.5 billion people in China, 2000 people have died. That means one in a million people died. If we take a look at the spline flu, something that actually people need to be worried about this with the death toll is 40 à 50 million, and the world's population was about 2 milliard, so that means 1 dans 20. People died with the Spanish flu, so this is something completely different and it's actually addressed very well in this book. Here fact: fluence by Hans Rosling, I highly recommend everyone to read it, but there's a whole chapter on it. It'S chapter 3 straight line instinct. He talks about this right here with the Ebola fear. He says, statistics can be terrifying. In September 2014 he was sitting at his desk when he saw a line that gripped him with fear. He'D been concerned about the Ebola outbreak in West Africa and then basically, the whole chapter talks about how he blew it completely out of proportion, which i think is what a lot of people are doing.
They think everything coronavirus is going to corrupt the whole world, it's going to college magic left, non, basically it's, not some people from traveling and everybody, like literally everybody, knows about coronavirus, everybody's, doing everything to prevent it and guess what that's, how things like this gets thought Because if nobody knew about it, if people were still going around spreading it all over the world, then yeah it would cause problem, but they can't right now. So it is something that's going to come to an end at least that's. My opinion, I could be wrong, but I think it's being completely out of proportion not even close to something like the swine flu or pandemic, like that so on to other news. Crew goes plastic, so coinbase now going back to cars. I remember I had a coin base Swift. I think I think it was called a swift or something like that cred card back in a day when they had a partnership with Visa. Now they actually have a partnership with ISA so that credit card was taken away because, for some reason ended, but now coin base becomes one of visas partners, so they can actually have credit cards without a third party involvement. They become a principal member of visa so that way they can have credit cards without involving third parties. Alors, looking forward to having coin based credit cards again, so you can spend Bitcoin crypto in the interim I've been using the crypto comm car, because not only do I get to use, spend Bitcoin crypto other critters like that, but also got three percent off of purchases.
Also get lounge key access, also get net Netflix and Spotify for free, and recently I just saw this chain link – is very popular they're, actually giving or giving it selling. je suppose, giving away chain link not really but giving you a 50 discount on it, Shane Lee. Alors, on what? Basically anybody who's staking the CR o tokens on March 3rd at 6 a.m. can get 50 on chain link, so if chain link is something that you wanted to buy, but you thought the price is too high. This could be something that you could be interested in and how it works is. Basically, you just stake your CR tokens and based upon how many people stake and how much you have stake. There'S, a five hundred thousand dollar USD allocation of link at 50 off so that's, pretty awesome for you guys who might want to accumulate some more link before the next Bull Run, also in the news iota now shut down for 12 days still. This is one the top 30 crypto currencies on market app and even more crazy. The price has skyrocketed crazy, so those things all have an iota now, a lot of people I don't, like I don't, even know why people will still be interested in. I would I mean – maybe they kind of become this, but it seems like they've just had scandal after scandal after problem after problem – and you know eventually iota may disappear, but it's a tangle.
Everybody wants something. This is a very interesting article that I saw lightning. Deadman switch can be used to pass on Bitcoin after death, because what happens if you have all your Bitcoin on a cold storage device and then you disappear? How do people get it well? Lightning lab is working on a Deadman switch, so basically it's something where every week or every year, maybe like every year on your birthday, you press little switch and that says you're still alive. bien, if you don't press it, then either your C key or some clue to help fine that could be sent to your heirs and then they could help get your Bitcoin so that's. A pretty awesome idea for a big one and lastly, display all this bad stuff. Where the Bitcoin price is dropping everybody's, fearful about coronavirus, the last thing I want to just say guys: we have some pretty optimistic times headed for Bitcoin. We take a look at stock. The flow model we're only a couple months away from increases in price based on this now it's been right, 1, 2 3 fois, but you know just because things have been right before it. Doesn'T mean they'll be right again, but based on this, we could be looking at 100000 Bitcoin coming soon in 20 de 20 21. So that display everybody talking about fear because fear is what gets people attention. I mean you have this stuff in your brain. The amygdala response all that stuff, where it just latches on to fear, but you have to remember that's, just your reptile brain.
D'accord, you have a whole nother brain that can actually think about things critically, analyze things and realize that this is being totally blown out of proportion, it's, not as bad as people think yeah stuff is going on, but these are opportunities you want to be greedy when Others are fearful and fearful when others are greedy, so right now everybody's, fearful that's the time to be greedy. So thanks for watching guys, I hope you have a good one.