 Welcome to digital asset news to get top stories and crypto current digital assets and I'll break them down into bite-sized pieces today Got some concerning news Bitcoin dumps on news of successful COVID-19 vaccine trials even those is initially concerning. I'm gonna show you a little email I got from Kraken which pretty much lays out exactly where we are and where we are going on top of that Kraken announces Bitcoin cash fork plans and Bitcoin ABC reveals two pronged efforts I don't know what's gonna happen with this fork, but I can tell you right now There's a lot of exchanges lined up to give you support on what's about to happen So before we jump in the markets want to say thanks everybody for signing up to the Dan teaches crypto website Very happy. We've had over 1200 sign-ups in the last 48 hours, and I'm really quite ecstatic about it Took us a long time to get this going. It's very simplified very easy cuts to learn down by substantially and oh, yeah It's 100% free so look for the link in the description and go check that out when you got time Alright, so let's take a look what's going on the market. So today it is Monday November 9th it's around 2 30 p.m. Texas time here in Houston and Even though they the first article talks about a dip looks like it recovered quite nicely to 15 for We're gonna talk exactly about news and why it really doesn't matter. So 15 for it's up 0.7% Hey, not bad, but 13% for the week will take it the theorems down a little bit But still marvelous run almost 450 up 13% for the week. That's good numbers tethers tether Roughly around 17 billion XRP holding strong at 25 cents like that Bitcoin cash is down a little bit Which I do expect a little more volatility probably on the upside especially with a hard fork coming up Which I believe people will buy into Bitcoin cash because they want to Profits on what is gonna happen is potentially they're gonna get two different coins I'm gonna tell you why that's a fool's errand. Also chain link is down at 1% but still hey hope it they'll take it Finance coin polka dot polka dot still it's always around 430 430 440 410 some around there Looks like it's doing pretty stable. I own polka dots. I'm pretty excited about the stability right now Hopefully it does a little bit better, but hey, we'll see Bitcoin SV down. Let's see. What's anything phenomenal? That's what I'm always looking for anything phenomenal. This is cryptocurrency. I don't really I'm not a traditional market guy So I'm not really looking for like that 2.1% Increase and you know blow my load or something. I'm just like wow, where's the 25% increase 6% for Ave. Man, I gotta tell you I gotta tell you 80% for Ave and a seven-day time frame is Fantastic, I think I was gonna do very well over the short term and medium who knows about a long term Celsius Network dollar 9 it's going to hit $2. It's gonna hit $2 pretty soon And I think ever that's gonna go bananas So I will just say that I'm invested in the Celsius I'm invest in the platform 30% of my portfolio is over there if you're looking for a link I'll check the description and sign up. I think with the link I think you get between 10 and 20 dollars just for signing up if you haven't already. I'll just check it out It's a pretty good platform as far as like loans and lending and then actually gaining APY Which is something you can't do at the banks anymore And yeah, so that's what's going on at the market still a pretty good day and all honesty But let's take a look at what's going on with this first article. So Benjamin writes Bitcoin dumps on news like successful coronavirus vaccine trials So this is always interesting to me to see exactly what's gonna happen the narrative around Bitcoin and gold is that it is if you believe what Shamath Palliabataya says that it's Schmuck insurance and that it's for when the markets really just do awful Same thing with gold, but bitcoins better But now that we have this fantastic vaccine I think some of the people that know just that part we're like, oh, there's a vaccine It's gonna be awesome I think I'm gonna turn around so I got a Bitcoin and that's a huge mistake, but here's what's going on I'll explain a little bit. So Bitcoin fell approximately a thousand dollars Over 6% between 12 and 3 p.m. Today on the vaccine knows news one from 15 8 Down to 14 8 based on this trading viewed data and I can tell you right now what happened a bunch of people said There's a vaccine I got to get out because Bitcoin is only a store of value and it's only for when the markets crash And that's what they got out. Those are like traditional players who don't know what me and you know We they don't know how far Bitcoin is going to go They don't know that it is a programmable money or platform They don't understand the whole finite argument as opposed to gold They may not realize that it is the best performing asset class over the last 10 years It's beaten oil gold in any stock ever and maybe they just think it's a gimmick that micro strategy and Paul Tudor Jones And all these big players are talking about and all these Institutional investors maybe they just don't they just don't believe in it like you and I do and that's why they jump ship And that's why that's the definition of weak hands right there because sometimes people are just weak But sometimes people are just ignorant. They don't know exactly what's going on ignorant It's not a bad word ignorant is just you're just uneducated in a specific area or a specific subject So if they were they would not have sold but they did and that's good for me and you because hopefully you picked up Well, some cheap Bitcoin thousand bucks off. That's a huge flash sale. Anyhow Pfizer publicized a statement claiming it's COVID-19 vaccine has shown to be 90% effective That's pretty meant fantastic the company said its numbers come after testing 43,000 subjects the vaccine however still awaits final approval from the US FDA and they state Submission for emergency use authorization or EUA to the US FDA Man, I'm talking back the arm is mnemonics plan for soon after acquired Safety milestone is achieved which is currently expected to occur in the third week of November and I I will tell you It's pretty amazing how fast it actually was rammed through I used to work in drug research in Phoenix in the early 2000s place called MDS pharma services and we would dose and and give these experimental medications to Subjects who were volunteers and it took years and years and years and it was tough it cost a ton of money for these big players to get in there and It was very meticulous. So to see this happen in this amount of time. I got it. I gotta tell you It's pretty amazing. Anyhow the S&P 500 bolted up on news almost 4% Wow 4% in price at market opening this morning Meanwhile gold of the store value of asset has fallen more than 5% over the last several hours Suffering continued carnage as of publication time. That's pretty funny suffering carnage Also on top of that Different companies had done well with the coronavirus because of all the different things that's it has negated Video conferencing platform zoom watch its stock decline by approximately 19% which makes a lot of sense, right? I mean everybody's using zoom now, especially for remote workers are just staying in touch. So zoom went up massively and You know that is just one of those those technology things that of course is great Netflix fell almost 10% all right even on e-commerce giant Amazon dropped more than 5% So a couple of things this is stupid You're gonna tell me because of a vaccine people are gonna stop watching or watch less of Netflix Yeah, right, and then giant Amazon dropped 5% you think people are gonna go back to the stores that much whatever I'm gonna tell you right now. I'm gonna put more money in Amazon. I own two stocks I own Amazon and I own Tesla and I'm gonna put more money into Amazon because once you get the taste of not having to Go to the store. You're like, why am I going to store? There's a lot better products out there a lot cheaper and I can actually save time so I I just don't see the the Thinking behind that but this leads me to a little little caveat point And we talk about whales and the information of the note because I believe that it's just all about the information that you know That really sets you apart. It's not about what you know It's who you know, but it's also good to have little insider information So there was a little snippet. I just kind of glanced over a couple days ago It says that Jeff Bezos sold three billion of amazon stock in the US election week And you know, you might have just assumed. Well, maybe it's because of that crazy Presidential election that went on maybe just you know, just kind of dumping it a little bit just to you know Be prudent But what do you want to guess? That the richest man in the world Maybe have some friends who works at Pfizer or who work for Pfizer or have connections with Pfizer and they said hey, guess what Jeff Got a vaccine and it's about to come out next week and we're gonna make a big announcement Really fantastic. I'll be selling some of my stocks and here we are just a theory allegedly. I'm not gonna You know dump on anybody for Making a solid move that that's not insider information on what is and so that's what's going on Now let me know what you think in the comment section the last two pieces. I'll say is about the s and p 500 And um, yeah, I guess, you know did okay today. I mean I don't two percent Woo, and then uh, gold price now gold price did take a little bit of a dump I mean five percent is five percent and if you're if you're a gold nugget like what the heck just happened Well, that's bound to but again my personal opinion is everybody should own bitcoin silver and gold And if you're gonna take a little dump like this, maybe it's time to pick up some cheap gold Just saying anyhow, let me just think of the comment section and this will lead me to my next point Which is it doesn't matter about the news right now about what's going on Let's take a look of what's not happening today. What's going to happen in the next week Month maybe six months from now and that is all contained within this radical email from kraken So kraken likes to send me stuff, uh, which I think I'm not special I must be honest. Uh, they sent to everybody who signs up for kraken But this was pretty cool. It's like a little snippet of information that they compiled a lot of good data points And one of those data points. I thought that was pretty fantastic was actually there was There was three But there's just two here and one one I had to dig for but it talks about the suppressed pocket They said 12 times in the past bitcoins analyze volatility bottom between 15 and 30 percent on average Uh to 140 percent and returning plus 196 percent over 94 days. So when it becomes more volatile, you start to see a huge amount of returns And that's over right now in this little sector And we're going to take a look at that and talks about the whales and the goldfish and they say That demand holds strong that it really is going to push at the price, which you know the But really it comes down to is that uh, they they talk about if whales continue to accumulate like they have been It's going to push up bitcoin massively and we are seeing that right now And it talks about when parabolic and it says that it's been trading over $10,000 for 97 days And when these types of things happen for a hundred day marker, you start to see some massive price action So i'm just going to show you the important stuff. I mean, it's all good I can't link it in the description because it came to my email. So uh, I would just sign up for kraken They'll send it to you no big deal But here's what it has and this was pretty cool They put together the key events and then how that related to the bitcoin price on the date of the event And this was great. So they said october 8th square ounce of the 50 million bitcoin purchase And you got october 8th right here a little bit of a bump uh october 14th grayscale reports a record quarterly inflow of one billion So take a look right here and a little bit not too big and then october 21 paypal launched a new service enabling users to buy hold and sell crypto Well, here's 10 21 and buh buh buh buh And here we are right around b And there's some and then there's some things that I thought were big I didn't realize where I happened but they didn't really do much for price action And this is e october 24th london stock exchange listed mode reveals that 10 percent of its cash reserves Have been allocated to bitcoin. That's pretty big. So I guess there was a little bit of a price action Not not too fantastical and then there's one uh f which I thought would be big Which wasn't uh october 26 reports surface that jp morgan wrote in report to clients that bitcoin has Considerable price upside of the long term. I would think that for the uh longer-term investor They would be interested in that but I guess they just really weren't because they're like, yeah, and whatever You got you really in sales and marketing people got to see something seven eight ten times for actually buy into it October 27th the cash web page shows that dbs singapore's biggest bank is launching a fiat to crypto exchange October 29th, there's news that a right iran's cabinet legislation to allow crypto To be used exclusively for import funding by their central bank. Why not get around those sanctions in october 31st Which is I right here bitcoin has october at a 33 month high of 13 eight And people said wow looks pretty good. So that's where the key events. I thought it was pretty neat Pretty cool how they did that and then there's a uh bitcoin analyzed volatility and really it talks about how there's just these These very volatile points and there's an average and this is just from dates This is in you know, 2012 1340 this is eight all the way to the day and the average duration is around 94 days Let's say 90 nice round numbers the trough of volatility about 21 but the peak is at 140 percent and the bitcoin return Is almost 200 so this doesn't happen all the time where it's talking about averages But right now we're in that little bubble. So I shouldn't say bubble, but you know what I mean 724 to now We've seen some pretty good price action. I Think it's only going to go up higher. Also, uh, the rest of it is pretty boring But it did say here much like we've seen since march 2020 We anticipate whale accumulation to drive further appreciation. Sure supply and demand, right? And then here's what's coming up Bitcoin abc team conducts controversial upgrade, which we're going to talk about right now November 26 or 27th cme bitcoin futures expiration date december 10th ecd monetary policy meeting another monetary policy meeting Nobody's sure december 15th amount gox rehab plan submission. How long are they gonna drag this thing out? Geez louise mount gox. How long ago is that when then uh, christmas eve bitcoin futures expiration date January 6 the fca bans crypto derivatives great January 2021 paypal reports q4 earnings I cannot wait for that if the q4 earnings come out and they start talking about how great cryptocurrency really pushed That'll be something because remember it's only been been pushed out to about 10 percent of paypal applicants or actually customers So we'll see how this kind of rolls out, but uh over time it really does make a big boom You'll expect a lot of businesses to finally take a little bit of a big quick view over it So that's what we got for that. Let's move on to our last section. We talk about Bitcoin cash. So bitcoin cash. We're gonna have a fork. Wow So what is happening? When is this and what can we expect? Well? There's going to be a bitcoin cash fork and it's going to be on november 15th Which is coming up pretty quick. What have we got like a lesson a week? Hit bpc has revealed the exchanges plans to halt bitcoin cash transactions on that day So if you got uh, I guess bitcoin cash on that uh exchange Don't plan on using it And it plans to credit all users with an additional token if a blockchain split happens if Additionally kraken has announced plans for the fork as well with airdrop support requirements So if you have your bitcoin cash on kraken, don't do anything if it's when it splits and uh, there are two tokens Then uh, you're gonna get double but i'm gonna tell you to wait because I don't think it's gonna happen So I mean the split's going to happen, but I don't know which chain's going to actually survive Bitcoin cash may bifurcate I can't say split due to the introduction of the infrastructure funding proposal added to the bitcoin abc codebase Six other beat cash full node clients will not adopt the ifp feature Added to the software meanwhile in a surprise twist novella bitcoin abc announced it will also launch a software client that is ifp free And compatible with bchn and the rest of the full node clients Businesses have the freedom to choose between the two chains bitcoin abc's blog post notes So really what it comes out of this a decision on which chain will carry the bitcoin cash ticker on hit btc will be taken After the completion of the fork and then kraken said this will support bitcoin cash abc only If the hash power on the abc network is at least 10 percent of the hash power On the bitcoin cash node network if we support bitcoin cash abc, you'll be called bitcoin cash abc Well, that makes a lot of sense on our platform and represented by the ticker symbol bab fantastic. So here's the thing I would stay away from this. I would stay away from this in the past people would go and they would rush in They would grab some whatever is about the fork and like i'm gonna be rich It's gonna be between huge. Well, guess what here's a little history lesson monero did the same thing You know what happened to the monero private or whatever the the new one was It died in the chain didn't go anywhere. So there's just one example of many I do not think that there's going to be two types of bitcoin cash I don't think that's going to happen. I think it's going to die in the chain But again, we will see that's the beauty of this whole process So let me know what you think in the comment section and that is it for today I just want to say thanks to everybody who signed up for the digital asset news youtube channel I just want to do some random shout outs. Uh, that is uh, marco geochemise. I think I said it right Michael doneth ron drake no 24 7 pdub. That's a good one. Uh, johnny bitcoin joey sarina Sam keith sergeant crypto. He's got a youtube channel. Check it out. Mike minardo And patrick may so thanks everybody's trying for the youtube channel really appreciate that also on top of that Don't forget and teaches crypto.com. Uh, there's a link in the description It's at the very top time stamps. It'll say crypto essentials. That is the very first one So if you want to learn things about cryptocurrencies or assets in a simplified fast way, then go ahead and check out the website It's totally free. All right, so thanks for sticking with me. I really appreciate it. I'll see you on the next one