 Hey guys the same day the students actually and I thought I'd make a very quick video around Bitcoin cash Which as we can see has gone up seven thousand two hundred percent Since it was created. I'm calling it bitcoins, baby because basically what I did is so as you guys know I'm a big fan of litecoin. I should hold my litecoin in a cold wallet or for the internet just for added security Where I use bitrex basically just to play around with some of the other smaller tokens and you know I wanted to see get a little bit of ethereum Of tiny tiny amount, but what I did is I can actually show you here my deposit history I decided to move quite a substantial amount of Bitcoin Okay, I don't know if 0.42 is a lot for you if that's just tiny, but for me It's quite a bit so we moved it in quite recently and then the whole idea of why I moved out of my litecoin Into Bitcoin Was that I wanted to take advantage of the Bitcoin? Hard fork and what happened with the Bitcoin hard fork is that Bitcoin split into two so you still got your normal Bitcoin and Bitcoin basically created a little baby called Bitcoin cash Which is going to have the entire same transaction history and the idea was that anybody who was holding Bitcoin would get the same amount of Bitcoin cash you can see I've got zero point four five Bitcoin and they've given me zero point four five Bitcoin cash What was interesting about this and why I had to use bitrex Was because the the local exchange, which I use which is Luno I like Luno in the sense that I used a little bit of the depth thing to see if it's a buy or sell Not the best indicator, but it is a slight indicator the green chunk is bigger It means there's more people wanting to buy than the red chunk. So that's potential Move for the price to increase but like I said, it's not perfect because not everybody has put in their orders There is a lot of money that you know, they wait to see the price changes and then they only implement their orders So this isn't the perfect way to You know see the market, but it is it is a nice indicator to get just a little bit of the feeling like we saw last week When Bitcoin was crashing a bit this red area was much bigger than the green area So bitcoins in a bit of a healthy state. I'll say that very very loosely like I said, this isn't that that Valuable information like it does leave a lot out, but it does give you a small indication But why I had to move the bitcoins out of this exchange? Because Luno as well as all the other explore a lot of the other exchanges Weren't going to give you Bitcoin cash. They weren't going to give you the baby They say that if you had any bitcoins with them They weren't going to give you the Bitcoin cash And the reason for that is they didn't think it had any value or there were some political reasons But essentially they now control a bunch of Bitcoin cash Which is substantial when I mean if you come here to Bitcoin cash, we can see that it's You know the Bitcoin value it's it's worth actually a fair amount I think that's that works out at that like around we're here. Can we go to the Bitcoin cash? Market and we can see yeah, I check it is it is 20 22% 22% that you just this value just got created overnight That's why I don't want to call it a dividend because the dividends is like the sharing of profits But it's kind of like a dividend there's kind of like Bitcoin paid out a dividend from if you look at it purely from a Financial cash flow point of view but this is quite interesting is that Bitcoin cash has been created and It's managed to take 22% of the value of Bitcoin and hold it and Bitcoin's price has not decreased This is this is the big tricky thing. I mean if we go to the chart of how bitcoins been doing Let's go say the last three days We can see the prices increased whereas If it if it was say a rights issue or a share split Which is one way of seeing it then bitcoins value should have decreased as they would have been transferred to Bitcoin cash But seeing that it's split and it retained its value and you just getting this extra value on the side it very much resembles that of a dividend but what's concerning to me is that all of these exchanges Have now got 20% or 22% more Bitcoin that they're not sharing with their users Now they did send out an email saying that they weren't going to do this They did warn us and that is why I took my money out of Luno and I put it rather into Bitrex and Well, I mean if we go back to to my wallet, I didn't really have that much in my Luno account I think yeah, so that that's what I moved from Luno Which was a tiny tiny amount and then I was like well Let's take advantage of this Bitcoin cash I moved some of my Litecoin here, but essentially if I had left that in the Luno account I would have lost my Bitcoin baby and Oh gosh, it's increasing as we chatting as we chatting right now. There's this price is increasing Ever so more how high is it gonna go? I don't know I don't know if it could crash tomorrow and the baby, you know babies have a low life expectancy for those of you who know exterior or science so the baby could could go away but But at the moment the baby's growing the baby's growing It might turn into a little bit of a toddler and who knows it might even challenge Bitcoin Oh, that's right. I should not say that Bitcoin cash. It's weird when I was looking at on the internet a lot of people hate it It's like the unloved baby Everybody hates this thing. There was a lot of reddit people say oh, I'm gonna sell it as soon as I get it but it turns out that the prices is increasing and It's quite an exciting time But I just thought it was yeah I just wanted to share you share or catch you guys up with what's happened around this Bitcoin hard fork And what the result has been is that we've now have we now have two bitcoins We now have two bitcoins bitcoins got a little child and it's doing pretty well. It's quite healthy I know you guys have been asking me to check out ripple and a few other currencies I will be doing my research and hopefully pushing out some videos around that as well But I thought I'd just give you a quick little update on on bitcoins, baby Anyway, thanks guys so much for watching and as always if you've got any questions Feel free to include them in the comment section below. Cheers