 Welcome back ladies and gentlemen. It is Bitcoin Jay with Bitcoin daily I am back with you guys today another day another dollar. You know how it is Today we are going over. We're doing some Q&A's today. So I asked you guys yesterday on Instagram asked you guys You know to ask any questions and I was gonna feature it On the video. I don't know if I said I was gonna feature it on the video I don't know I said something about that something like that though So we actually we didn't get that many questions. So we're only gonna do about 10 questions You know, there are other questions that I could answer from the ones that we received And yeah, let's jump right into it man. I don't want to make this video too long First let's talk real quick about Let's do the giveaway. I told you guys yesterday if you guys saw the video yesterday. I told you I Was going to Do a giveaway on this video regardless of the amount of likes it had So on yesterday's video, so let's check that out let's just go straight into the comments and From what I see in the comments. We didn't get that many. We only got one person really Ralph meek you were close, but you got you got to follow us on twitch man If you don't follow us on twitch, you can't you know, you can't You can't win so Dave 89 I'm already a follower on all of your accounts IG YouTube and Twitch. So Dave 89 you are our winner today Make sure to send us a DM on Instagram at Bitcoin dot daily and we'll get you set up Congrats Dave 89. We will do this again today So participate guys because we're doing giveaways you got to be watching you got to be participating though All right, so let's jump right into the Q&A All right, so our first question was from Miro Vanini Miro Vanini am I saying it right Miro Vanini? All right, Miro. He asked if you would create a coin. How would you call it? Bitcoin daily coin, I don't know man Not not really something I thought about I don't have any plans on creating a coin so It would just be called Bitcoin daily my man my man. Let's go to the next one Larry Mendel's Mendel 1 22 Which legit site to trade my Bitcoin and earn more? So it all depends mostly on where you're located And what type of trading you're trying to do what we do we use bitmex for leverage trading And we also use by bit for leverage trading now on those you're only going to be able to trade a Minimal amount of coins, but you're trading them all with leverage We we like to trade with leverage. So that's what we use mostly another another one you can use is Binance Well by bit and bitmex if you're in the US you won't be able to unless you use a VPN Binance some US states can use it. I think the rest of the country should be able to use Binance Q coin there's bitrex There's there's a lot of different sites where you can trade Okay, now when you say earn more it kind of raises flags for me Because now it sounds like you're asking for a scammer to tell you to give him one You know a thousand dollars and he'll turn your thousand dollars into ten thousand dollars in 24 hours So you got to be careful. I don't I'm not sure exactly what you're asking So be careful what you're what you're trying to get at if you're looking to turn a hundred dollars into ten thousand dollars That doesn't exist stop looking for it. It's not gonna happen. All right. Let's jump to the next question What is DeFi, so I've been getting this question a lot now. It's not a simple answer I mean basically DeFi means decentralized finance. Okay, so it's the opposite of centralized finance What's centralized finance, you know banks and basically everything that we deal with on our day-to-day basically that the goal of Decentralized Finance of that whole movement right now It's to give you an alternative to like every financial service that you use today, for example like a savings account loans You know to take out loans trading insurance And a lot more stuff. So that's basically what DeFi is There's coins basically being built around this whole DeFi movement where they offer all these different Options and alternatives are turnitives to you know a C-fi which is centralized financial system So we will make a more in-depth video on this because we have been getting this question a lot But just to answer this question and to make this as simple and easy as possible to understand It's an alternative to to every financial service that you use today All right, let's jump to the next one When did you first hear about Bitcoin? So I think the first time I heard about Bitcoin was prior around 2011 maybe 2012 But at the time Unfortunately, I didn't really get it. I didn't understand it and I mean I only spent like five minutes looking through it I think I had come across a story of 13 year old kid that was mining Bitcoin and became a millionaire basically So I started looking at into it, but I didn't quite under I didn't quite get it and I I said to myself, you know, uh, you know, I'll Put more time into learning this some other time and I just never did until later later on around 2015 probably 2015 and 16 which is when I got right when I once again picked up Bitcoin and I picked it up kind of by mistake I was trying to get on bovada, which is a Basically a gambling site. I was trying to do a sports betting and my credit card would not go through the company My bank wouldn't allow it. So I had the only way for me to put money in was through was using Bitcoin So so I had to figure out finally how to open up a wallet, you know How to buy Bitcoin and how to move Bitcoin from one account to the other from wallet one wallet to the other And That's kind of how I got into Bitcoin because I had left some money in my wallet and that I left like maybe like $50 in my wallet and the $50 in like a month or two turned into like $250 and I was like super confused. I was like what in the world just happened. So Yeah, that's that's pretty much how I got into Bitcoin I wish I would have got in when I first heard about it though I think I ended up buying my first Bitcoin that I bought was probably around $500 in that range So let's jump to the next one BTC go more up or down this is from oh, hold on I didn't even call this guy. I didn't shut off his name. Hold on. Hold on. Hold on. Let me go back Okay, I said I thought I said Larry. All right. This is arch arch In their Kelsey, all right, let's try it again arch repent of repender Kelsey Arch repent of repender Kelsey repender Kelsey arch repender Kelsey. There we go. Got it. Got it Carry Mao carry my own Carry my own carry carry my own O2. I feel like I got that one And then this one my suit As fun diari Masood as fun diari Masood my sound as fun diari I I know I butchered all these names and I'm sorry if I said I'm wrong But I tried my hardest and that's what count. I gave it all I gave him my all give him my best So I hope you appreciate that. Hi my bad Masood So BTC go more up or more down Now let's pull up the chart real quick and I'm gonna make this real quick If you look at the chart even though we are oh wait, this is ETH wrong one So here's the chart There's a daily chart and you'll see that we're still in a bull flag pattern Okay, this is still a bull flag pattern. We had this same thing down here. Look at this Look at this all the way up and it just bounced around for a while before it took off Boom and look, this is only the beginning of this like this is up till basically here We still got all this to go if it was is copying the same thing So if we're looking at this and comparing it to this one, we would say that this candle right here It's very similar to this candle right here, right? So that's kind of where we are I feel like we can still bounce around here and then we have an ascending trend line up here Where we can possibly Hopefully get some support to help us break over 12k. So 12k is where we're having issues. We got rejected again there yesterday So hope that answered your question I feel like it could go more up, but we need to get over 12k. That's what's stopping us right now Um next question Santi Kalani, Santi Kalani, Santi Kalani. I think I said that right right Santi. Did I say it right Santi? All right, that's trading platform again same as what I said before the ones that I use personally are Bitmex and Bybit I have referral links to them in the description If you guys want to use it, I think if you use the Bitmex one you get Like half your fees off a discount on your trading fees off for like six months if you use Bybit I think you get like $50 or something like that a bonus if you deposit like a certain amount of Bitcoin But yeah, so I use both of those because I trade with leverage I love leverage I love to leverage my money That's just how I trade And then you can also use Binance. That's another option Qcoin is another option that I've used before I've used Bitrex before I've used a lot of different exchanges, but those are the main ones Also Coinbase Pro if you're in the US if you're not in the US and that's not an option All right next one Oh, sounds he again damn sound he appreciate your your two questions will bitcoins Will bitcoins be daily used in a few years by everyone. I feel like we're getting to that point. I really do feel it that way We we've been getting more and more a debit card type of things There's there's several Companies at this point that offer credit cards and debit cards where you can use your Basically your Bitcoin to pay for stuff So you use it just like a debit or credit card you go wherever it is You want to buy something and you just charge it to the card The card then takes the Bitcoin out of your wallet and that's how you pay for stuff So it's already in the market. You can already basically use it to to pay for whatever you want anywhere Now being used by everyone that's something, you know, that's still years away Because basically in order for that to happen. We have to take down the entire centralized financial system. So Yeah, so we're still definitely ways away, but we're making progress every single day. So Thank you for your two questions appreciate J s Monus J J s Monus Thank you my good sir. That's one hell of a beer you're rocking there Why ETH rocketing higher than BTC? So let's take a look at ETH Ah Boom, let's go over to ETH as you can see We had a bull flag boom popped off and then it kind of went right back down to the same entry where where the bull flag was Took off again And now we're kind of it looks like we might retest the 420 support area And we've if it doesn't hold then we'll retest 400 if that doesn't hold then we'll be right back to where we started Which is 380 Why is it rocketing it's I don't think it's rocketing more I think it's kind of on par with what bitcoins doing just depends on what day it is that you look at it It they're pretty much very correlated right now. So anything Bitcoin does ETH is pretty much following it also another reason for bitcoins price going up a lot as well is the DeFi movement decentralized finance It's basically the majority of it is built and run on Ethereum So it's a it's a big so that that's gonna add to its price as well All right So I hope that answered your question and the reason that this this went up like this is because we had a breakout here The breakout was 450 Boom if you guys watched our last Yesterday's a video you'll see that we traded that breakout entry And we also gave it we traded it on live on stream So if you were if you watch this live on stream, you would have been able to enter that and made some money on there We were able to ride that basically the 490 for almost 500, which is exactly what I called live on stream that day All right, let's jump to the next one. Did you guys predicted in your paid group? Ethereum oh hold on hold on hold on. I forgot there. We talked. Yeah, we spoke. We gave a shout out to JS monos now Yasin BK or Yasin ebk It's either Yasin BK or Yasin ebk. I don't know which one man, but Yasin Amazing here, bro. What conditioner do you use dude? Cuz that is just Amazing of volume on that here right there He says did you guys predict in your paid group a theorem to go up like that? So You tell me I'm about to show you are a signal from our VIP group. You see here VIP signals This is our trade group. You'll see here Bitcoin J. That's me on 831 it doesn't say the time unfortunately, but that was that morning I said ETH breakout entry entry above $450 stop under 450 the targets for 64 80 500 Then again at 156 a.m. I Row I updated it breakout entry triggered So that was for the ETH trade and then here you can see ETH trade target prof take profits one done take profits two Done so we hit both of our profits on here and we almost hit our third So we were definitely able to collect profits there We we were able to ride that breakout and make some money if you guys saw our video. We made 302 dollars on our challenge Account that we have that we're doing that we're trying to grow an account from 0.1 Bitcoin to To an entire Bitcoin So thank you for your message. Justine amazing here, dude add Nann Tahr's Add add it man. Aiden Aiden Tahr's terror terror. I don't know man Love this picture. What is it? What are you some type of model? I love that view back there with the mountains and the lake man That is sick dude. Where is that? So he says cryptocurrency versus stock slash indices which one is better for trading so This one is all dependent. It's all personal preference. I wouldn't say one is better than the other It's just on you really For trading we make more day trades on in the stock market Um Basically because we trade we trade leverage there as well and there's a lot more a daily news and Events that that push it around a bit more For options trading so we're able to to capitalize on that more while we're day trading and scalp trading But you can you can do we do the same thing with cryptocurrency. We just we don't trade Day trade and scalp as much as we do in the stock market But it's all personal preference, you know, that's the safer option It will be the stock market You know, you can't get hacked and stuff like that I've been in the crypto market for about five six years five six years I've never been hacked. I'm just saying that that's always a possibility But yeah, so it's all dependent, you know, everything's long term though You always have to be thinking it in it long term. I would say, you know Put your put some of your portfolio in in both and see what you prefer to do You know what what what you like better what you see more profitable for you and and you know use it like that But I definitely say that you should at least have some Exposure in both cryptocurrency and the stock market. We trade both of them Next one thing. Oh, but thank you again. Aiden. Aiden. Aiden. I can't even say it man. I'm sorry Ralph meek. Are you only day trader or also scalper? I do both. I day trade I scalp. I also So it's day trading. They're scalping. There's also Swing trading I do swing trading all the time And and long-term positions where you just hold, you know for long-term investments where you don't plan to sell at all Ralph Amazing picture, by the way, what are you diving or something like that? It looks awesome, dude that the water and all that's beautiful Yeah, man, I do all of them. I do a little bit of everything I think you need to have your portfolio and be able to do everything I think that's what will make a overall great trader overall and Just to have and build your portfolio overall and I think this is the last question of From what we picked out Are there any discounts for the the first month for the trading room? Yes, there is discounts Lazy freak. Oh lazy freak. I see you getting freaky right there while being lazy now I see where you get your name from lazy freak. Yeah If you want whoever whoever wants a discount for the first month if you guys want to try out our Trade room for one month and you want a discount. We can give you a 25% discount on your first month so Just send us a DM on Instagram Bitcoin dot daily and we will send you the code and the link to get signed up with the discount of 25% off That's basically it guys. Those are all the questions The last thing we got left to do is a question of the day All right, so you guys know the drill Question of the day every video We will have a random question about something in a video The question is always in some in a random area of the video find a question and find an answer Post your answer in the comments for a chance to win a free month membership to our trading room winners will be picked randomly Once the video receives over 30 likes. Good luck. Now. We're doing the same thing. We did yesterday Regardless of the amount of likes we are going to do a giveaway on this video, okay? So the question of the day is are you following us on IG YouTube and Twitch yet? again This is very simple if you weren't then do so and then let us know you followed us In all three let us know in the comments follow us on all three and you are eligible to To win the question of the day Giveaway All right, make sure you have to like the video you have to leave a comment Well, you have to like the video first you have to make sure to follow us on YouTube first Then you have to follow us on make sure you're following us on Instagram and Twitch Then leave a comment in the comment section with your name on each one because we're artwork We're gonna be checking to make sure that you guys are following us everywhere We're trying to get we're trying to build up the fan base guys So we need your support without you. We can't do it, you know, so we appreciate those who are ready following And if you want to enter the giveaway just just drop it in the comments And that's it guys. Hope you guys enjoy your day. It is what days it here is hump day Yeah, it's Wednesday over here. It is the middle of the day about to grab some lunch. I have a stiff neck I might grab a massage as well And then get back to trading That's basically it guys peace and love as always