 Welcome to the last set of news to get top stories in crypto and bring out a bite-sized piece as today I've got some pretty interesting things going on first up We're gonna talk about the Bitcoin exchange inflows to exchanges And how this could be an indicator of things to come in September potentially selling off also take a look at a really fantastic Website it's pretty funny. It's called Bitcoin or shite comm And we're gonna talk about Ethereum and the fees that are going on how it can be fixed and finally we'll do a Cardano update First of all, let's talk about what's going on today today. It is Sunday, and we've got two point eleven trillion dollars Not too bad, right? Two point eleven trillion dollars in the market cap will take it and look I know recently I haven't been putting out videos lately I've been super busy with that charity obstacle course event for kids that we do here once a year and now that That's over as of yesterday. I should be able to put out more videos, but it was a great experience I love doing those things and here we are back in the market Look Bitcoin price is 48,000 all that stuff But there's one thing I want you to notice right here this thing called the average daily Sentiment and it is 50 out of 100 which is essentially neutral. Well, it's 50-50, right? So what we're using is trade the chain. It's great for sentiment analysis I always say if you're gonna be a trader, you know get as much information as you can fundamental analysis technical analysis And also sentiment analysis and you can just see that right now people don't know where things are going That's gonna play a part and what we're gonna talk about next, but they're kind of like on the fence And I think it's because of this September-September Issue coming up and what could happen next month, but anyhow Bitcoin is teetering around 49,000 could be 50,000, you know anytime who knows Ethereum has dropped a little bit But still actually it's now 24 hours have been point one seven So still hang around 3200 bucks hasn't gone below 3,000 Cardano's on an absolute tear almost three bucks. It will go higher than that I think we'll see how it all goes and You know some other things have done really well Let's see anything going on today for the one hour 24 hours. Whoa 13% for an internet protocol amazing All right, and then real quick you want to take a look at some projects over the next hour as far as sentiment analysis Do as much research as you can take a look at these there we go Take a look at red coin, Revene, Decred, Flowdapper and some other stuff in Zillica So that is for the chain link in the description, but let's just jump in today's big story, which I think is Really what is the pulse of this markets? We're looking at Bitcoin exchange inflows So first of all if you do crypto welcome. Thanks. Thanks for dipping your toes into the waters I got a tip in my hat. I think it's the best time to be involved and Here's the thing this is from Santament and Santament states that Bitcoin just made history with its largest day of exchange inflows since June 19 2019 These days are now tied for the largest inflow of all time With 1.68 million Bitcoin flowing to exchanges on these days. So if you're new just so you know When people Take their Bitcoin off or their cryptocurrency off the exchanges. That's good news because Usually what happens is they're like, hey, I want to hold all this. I want to hold on to this for a long time I don't trust the exchanges. We know they get hacked So I'm gonna put into cold storage and not touch it for a while. That's good That means that you know if there's the same demand and there's not a much or not as much supply price usually goes up Now the opposite actually happens and that's what they're talking about here. They're saying look These inflows are massive. It's tied for the most since 2019 And what that means is people are going you know what I don't know what's going on But I'm gonna put on the exchanges in case something happens or I have a plan to sell that's the only way I can sell it I mean, there's other ways. I guess you I guess you can do it You know if you get a friend or whatever, but that's the easiest way put on exchange and start selling So right now you got to think to yourself What's gonna happen? No one knows and that's why we took a look at that sentiment analysis and we're out of 50 50 50 out of 100 so look here's the thing if you like me and you're just a you know Regular investor these these types of things. You're like fine. Do whatever you want to do if you have to take profits That's fine, but I don't care about what's happening in the short term. I don't care what's happening next week I don't care about that next month. I don't even care what's happening till the end of the year quite honestly Actually, I'm looking out one year through your five years ten years and that's really where the money is made It's just sitting on your hands and doing nothing Which leads me to my next point and this is a great website called Bitcoin or Shit comm and I'm just quoting it's not a big profane guy But there's what it is and I actually stole this from guy from coin Bureau He tweeted this and I thought it's fantastic and I've actually sent this to all my friends and family I thought it was hilarious and it's funny, but it actually has a real-world point and the point here is that look if You would have just invested been an investor and not bought stupid stuff You'd be way ahead and here's the thing here's another thing I won't tell you I've been talking to all my friends and family since 2017 about crypto You know how many people have actually invested in the crypto three Three people and we talk about all the time and we laugh our heads off about our gains and all the All the slope all the people that weren't Exuberant enough to actually get into where we're at. We'll just say that and this is a great website Which I I shared with them like hey remember that thing I was talking about well here you go So if you click here if you bought Bitcoin instead of astral world tickets, whatever the heck those are you'd have twenty six hundred bucks That was in 2018 and then it says if you bought Bitcoin instead of a Phillips hue LED You'd have 3350 because the Phillips flash light came out in 2012 now some people actually need light So whatever else if you bought Bitcoin instead of a porn hub premium You'd have fifteen hundred bucks because porn on premium. I guess wasn't fifty hundred dollars I have no idea what that website is anyhow If you bought Bitcoin instead of a impossible burger you have five hundred bucks and you get what I'm saying here So the big thing is this I do not care What's happening next week or next month if you just look long term? That's where all the money is made You don't see the top Richest people in the world. They're not trading. They're not doing swing trades and day trades and stuff like that They're investors. They've built businesses. They build corporations. They've invested into fantastic companies They just sat in their hands did nothing. So just remember that when there's a big huge influx of price action All right, so that's that's it with that. Let's move on to our next piece, which is Ethereum fees can be fixed. You gotta love that right? Ethereum fees can be fixed. I own a lot of Ethereum and everything I talk about this channel. I'm pretty biased just so you know that but I also own a lot of Cardano. I own a lot of avalanche and a lot of tasos and a lot of different things because I don't know what's gonna be the winner and Ethereum could be the winner. I think it can be fixed, but here's a problem I think it's the problem we all know about so this quick article says that Ethereum fees jumped a hundred fifty four percent since last week I know we had that EIP fifteen fifty nine But that was not designed to reduce gas fees. You can burn a lot of Ethereum So maybe in the future that'll help and of course you can tip your your operators the People who are actually the miners to get things going but in all honesty as far as fees. It's super pricey. So here's what's going on Ether fees are jumped since August 21st spiking on a fifty four percent Whatever so fees are are high you can go anywhere else and you can take a look at the fees like on this one You're looking at open sea. Oh my god max fee was twenty two hundred bucks And then this was for Uniswap over here on the right-hand side looking at $400 fee and you were geez you weren't even buying that much stuff And it's the same thing all the way around. So when I say it can be fixed. Well, here's a couple projects You can take a look at They're called optimism right here optimism and Arbitrum haven't done. I haven't done a deep dive on those maybe we'll do some later But just take a look at those additionally There are other projects named a crush ether gas like fuel that sh s tech network start where start where dot-co Loop ring is another one. I've used it does actually do well when you can you know If it has the liquidity in it and Hermes that IO and don't forget about Matic So the thing I want to bring to everybody's attention is that this can be fixed And you have to take a look at history real quick just to make sure because when we talk about these things I'll get to this in a second when we talk about all these things About well, you know a theorem sucks because the fees are so high or a theorem is awesome And it's gonna fix the fees when a theorem 2.0 comes out. It could it definitely could you have to remember take a look at at at the history of Technology in the past. Did you think Amazon? I mean Amazon at one point sucked it was all did you use Amazon the very beginning it took a long time these are pretty high and The selection was just atrocious But what they did in the background was they worked like mad and they bought up all the different warehouses out there and Bezos was a maniac and he made things run and another thing Facebook right now would have gone Blipped out of existence if it didn't upgrade everything not Facebook itself, of course It steals all our data But if it would have not upgraded and bought Instagram and WhatsApp and everything else around it It wouldn't even be here So it is the project that can upgrade and can scale and do all those things to the partnerships that is going to make it Yes, is it great right now? No, it's awful and this leads me to one of my next points And I just want to bring this up real quick because it does kind of bother me a little bit, which is These NFTs that are built on a theorem this is just so people can make a lot of good a good amount of money and That's really what it comes down to nothing wrong with that. That's fine But as far as like helping out, I mean The unbanked and the underdeveloped type of industries out there NFTs is not it NFTs like These cyberpunks like look at this look at these prices for cyberpunks. You bought a cyberpunk Congratulations for you making a ton of money, right? But you're looking at like This one here cyberpunk eight at eight. It was bought for 2.8 7 million So all those gas fees we just saw they don't care about gas fees because they're making a boatload of money and Fidenza crypto punk 9373 again tons of money. So This is not going to be sustainable as time goes on and hopefully they can fix it Like I said, I'm a lot of card out I don't a lot of Ethereum and Cardano and Taze and all that stuff. I hope they're all big winners I think it was big enough space for them, but I just don't know but this is not what Cryptocurrency assets were supposed to be it was supposed to help a lot more people than just a bunch of people Get loaded that's all I can say to anyhow. Let me know what you think. There's nothing wrong with making a profit Let me just say that I mean look look if I've worked my entire life building businesses and here I am But at some points, you know, these things get a little ridiculous. Hopefully They can be fixed. All right. Let me know what you think in the comment section. Let's move on to our next piece Quick cardano update. So real quick. This was their ecosystem on May 12th 2021 look at that just a little bit here little blips here. So let's fast-forward June, July, August About three and a half months or so now here's their ecosystem and it was kind of blowing up So when people talk about, you know, what's going on and what could be the big thing? I just referred to Charles Hoskinson's AMAs and updates and stuff like that So he just did an update. This was a couple days ago He said a couple of things first of all this on Thursday it was their go or no go day and he says we everybody sat down a bunch of the developers the team They went over all the different checklists and they said go go go go go It's all green and they're going to hit their mark as far as the 12th of September to bring about smart contracts And then he said as far as the bugs right now He goes there, you know, we haven't we've gone through our checklist doesn't some of those big problems We're gonna go forward and and he didn't make a really good point, which was this I Got up command him. He's right. He goes For all these like DeFi products that are out there. He goes, you know, a lot of the times it's not the The developers money that is being into that protocol It's the people that put their money into it that lose their money because of a rug pull He goes so that's what we're trying not to do Explicitly so these things that were due yes, it takes time. Yes takes a little bit of effort But in a long run and he says I think it's best for but I gotta agree anyhow And that's it for today. So look this is a quick Sunday I think tonight I'll be with with George cryptos are us and James and invest answers the DCA show That'll be later tonight and looking forward to talk to those guys because they've been really in the know about what's going on I've been kind of busy, but that is it. So if you stuck with me all the way to the end first of all Thank you. I appreciate it. I've liked the video give it a thumbs up consider subscribing And that's it for today, and I'll see you on the next one