 Welcome to Jalassette News. Take your top stories in cryptocurrencies and Jalassettes and break them down into bite-sized pieces. Today we're going to have a little bit of fun. We're going to take a look back at the history and take a look at one of my worst predictions so far. Here isn't over so who knows? We're going to take up my prediction of XRP going to $95.20 and why it could be just a little bit off. I'm going to show you how I got there, the rationale behind my decision-making process and also some ancillary information that we just need to go over. Also America's biggest exchange now is the support for XRP Flare Airdrop and surprise, surprise, it's Coinbase. I'm getting all that but first I want to say thank you to iTrust Capital for sponsoring this video. I don't do many sponsors who date I have had two. One is CryptoTrader.tax. 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All right a rare promoted video on digital asset news so what is going on right now so it is Sunday December 6th it's about 11 a.m. El Paso Texas time and nothing nothing's really going on I'm not even going to go over the whole thing because bitcoin's at 19 one you all know the prices so it's no big deal XRP city stands watch out to those tether nobody cares like coin and so on and so forth so really I just want to make mention of one important thing this is one of the monies made this is when all the money's made when it is boring and people don't want to look at like this is just um it's never gonna go up maybe I was wrong and you get the cold hands and you're like oh my hands are getting weak this is when all the money's made because this is when you dollar cost average in and you put money into it when nobody else is doing also the second time to make a lot of money is when everything goes down so just remember that sure it's boring sure there's really nothing really too much going on but again this is when all the money's made all right let's jump into today's big stories so we don't know where we're going until we know where we've been and I'll tell you where I've been making crazy predictions last year so two of my yeah two of my biggest videos I would say is ripple make 2020 prediction had 56,000 views which is okay but this one over here the bitcoin XRP price in 2020 had almost we'll add a 263,000 views on December 21st so December 20th 56 and then this one so not too bad but really I'm ashamed sometimes of these videos because I mean the price prediction is just outrageous really ridiculous so again it all depends on where you were and I really want you as we're watching this just kind of think to yourself you know what are my decision biases where could I have probably looked a little bit deeper what was my flubs where were my errors because you know we have to take a look at the errors so we can actually you know make improvements going forward so the first minute or so just me talking about you know how we got here this was actually a report brought to us by ripple ripple insights and of course they have a little agenda when they put these things out but you know when I was reading it made a lot of sense so this is what we got XRP price as it relates to the happening and as we see it compared to the price of Bitcoin how Bitcoin has gone up from each happening to their all-time high and all right so first of all great music yeah I used to do a lot of music in the beginning I think I actually I started the channel around December like end of November early December so yeah this makes sense of what I was doing back then but let's just rewind this for a second this is what I'm going to go over so I did here is I used fractals and I took a look at the first second third having for Bitcoin I just saw how much percentage gains it was each of those happenings or having is what we want to call it and I just kind of extrapolate the data from there and said well you know if it was six cents you know when during the first having for XRP then the second having this would happen is 3040 cents so that was a gain about 28x so or 56x and then so the next one if we cut it by half or so we had to about $95.20 so I will say this the time frame is still off because I said well it could be in 2022 but I have to I have to really review this and go I don't think it's going to happen so I see where I was going but it is kind of funny to you know just to kind of take a look back and go wow what the heck we're going to look forward a little bit let's see what I was actually thinking the very next day so I thought this is all interesting because we're going to go over some MSNBC some Squawk box interviews and we're going to see how they're pretty much doing the exact same thing as I did about a year ago how the predictions are pretty much on point but there's just a little bit of a variance but when I took a look at this video I'm like oh my god look at my portfolio back then this is exactly what I wanted to do I wanted just to keep it small and just have a little bit and not blow it up like I did in 2017 well unfortunately it repeats itself and now my portfolio looks like this holy smokes I went off the deep end I know some some people talk about well I gotta give these low-cap gems to make the most amount of money when they're just you know fractions of a penny and so you can make a lot of money that way but for me I kind of hedged my back so I'm like you know I don't know if I'm gonna go down to like the the 500 on the coin market cap or coin gecko just take a look at these prices and hope they kind of come in to me I feel like well Bitcoin Ethereum is gonna be the lion's share because I think those are the ones that are gonna be the best and then off of that I've put my money into what I would consider lower-cap gems but not that much but it does comprise the other 30% or so and I will just tell you this out of all these different projects right now the ones that I dollar cost average every single day still is Bitcoin, Ethereum, Cardano and Voyager those are the only ones all the rest of them I have my positions I'm pretty good right there and that is pretty much it the reasoning behind it for me is pretty simple I think Bitcoin's on the public consciousness I think it's gonna do very well so I'm gonna keep adding I think I could go up to you know at least 100,000 2021 make another prediction right here let's see if it comes true and it might even go up to 250 300,000 I don't know so I will still continue to add in until it hits around 35,000 then I will not dollar cost average because I think it's gonna go past that hit the all-time high of whatever that could be 100 300,000 I don't know and then come all the way back down to around 30 35,000 so after 30,000 I will not dollar cost average and I'll let the market retrace Ethereum I think it's gonna be very big gonna be huge and it's not Ethereum I think it's gonna be Cardano so it's one of those two however I've always said that I think there's room in the space for two you can't dominate the global environment with a new technology with just one technology and have it just go all there I mean you could I mean actually you couldn't look at Amazon that's really a new technology if you think about it Google did the same thing but I still think there's there's room for two in there and then Voyager I believe in Voyager I believe what they're doing I think it's gonna be a huge project because of not just their app but their acquisitions that they're doing they just purchased a exchange and I think it was France and the European Union so they're gonna be branching out over there also their token I think I see it just like the Binance token so that's why I put in money every single day to those four projects so now let's go back so I want to start off with MSNBC and they're just talking about Tim Draper and how crazy his prediction is and now when we look at about it we're like it's not crazy that could actually totally happen producers we talked about this earlier today I said I don't know if we should talk about it because I felt like it was so bold it's almost irresponsible but Draper's a he's a well-known guy he's not gonna say anything he doesn't believe so we went ahead and did this I mean is there anything that you're seeing that could make this bizarre prediction happen so isn't that amazing first of all they're like this is so far outside the realm of possibility we shouldn't even cover it because it's it's actually dangerous to our viewers and now we look at it we're like yeah I mean you know 150 150 thousand it's pretty a pretty conservative number these days depending on you know which big institution has put out their numbers I mean Fidelity and TD Ameritrade all these big I mean Paul Tudor Jones and the Druckenmiller is and when they start talking about these numbers it's like oh okay well that's what it's gonna be and it's not a big thing and it's just a year ago so it's amazing how things accelerate so fast you know what it sounds bizarre but has done in the past and so that's why I wanted to bring up this chart just to be clear this is not my call but I just want to take a look at what Bitcoin does so the chart we have here is a log chart of Bitcoin since 2013 and as you know Cardiworth will say the lines draw themselves but you have this channel going all the way back to 2013 and it's traded nicely in that now look at this if you go all the way out here to the top of this channel here that's about 200 thousand 250 thousand so it totally makes sense right I mean we can we looked at it back then and we're like that's kind of crazy but now in today December 6 2020 we're like yeah that sounds pretty reasonable that's what then striking distance we would say so so there's that piece and then it's just one thing about Tim Draper he's been incredibly consistent the whole time and he's hit his numbers so he was the one that called actually he called it 20 000 Bitcoin and it went up to 20 000 so 10 to 20 hey if you're if you're under it not too bad now we're going to get it into Tom Lee this is always funny about Tom Lee because when he was on there this year they treated him like some second-class citizen like all right not coming here and talk about your craziness but in 2017 they treated him like a god because he was like yeah Bitcoin's going to go to this and it's going to go up they're like oh really fantastic and of course now this is in remember this is 2019 when everything was like crashing Bitcoin was around seven thousand dollars it had been like moving sideways and nothing doing really anything you know like all right Tom come in here and you know spew your ridiculousness let's hear it but again he's another guy who's been incredibly consistent so I have to tip my hat to him I mean I'd still say if I looked at 2020 the easiest way to make money in crypto is going to be a position in Bitcoin I mean as you guys mentioned it's actually done quite well this year so I think Tom here is a is a Bitcoin maximalist the thing is with Bitcoin I think it's the safest bet I do personally because I mean everybody knows about it institutions are getting in I mean old school legacy places like fidelity now has fidelity digital assets and they're going to push a lot of people to Bitcoin and Ethereum so I think that's the safest bet however if you think about it for Bitcoin to go up to its all-time high it's around 7,000 right now uh some around there it's December 21st 2019 so for it to go up to its all-time high it has to roughly triple right 7, 9, 3, 21 my math is correct and the all-time I was around 20,000 okay triple but if you look at other digital assets like XRP right now it's a 20 cents if it tripled that'd be 60 cents it's all-time high it was $3.40 so what is it 8x, 10x, 2, 4, 6, 8 yeah yeah so I'm not real good at math and I'm still not but that was the thinking back then I was like you know what there's more upside I mean I still think about you know XRP there's still there's still major upside because just to get back to its all-time high I mean look that is that is it then the 10x well not now but when it was 25 cents 15 30 cents or something like that and of course yeah I could have made it but I mean I was like wow I don't think Bitcoin's gonna get back to its its previous all-time high and here we are we're almost I mean we just hit it not too long ago actually we exceeded it not it's like about a week ago um I did say though back then I thought that the safest bet was Bitcoin that was a year ago and I still say the exact same thing actually I was on I was on Jerry Hall's show and at the very end I asked everybody who was on the panel I said if you have $10,000 and you have to bet your family's future on it what coin what would you put which cryptocurrency would you put that into and it could be anything bit the avenue and crypto siege without hesitation said XRP Jerry at first said Bitcoin but then we put some of the parameters and he said yeah okay I'll go XRP you know what I'm still gonna go Bitcoin because it's the most conservative no it won't it could not potentially make the gains that XRP could but we don't know what's gonna happen XRP could be deemed a security now before you throw your fist at the screen and start screaming you never know it's not like the wheels of justice are perfect let's just be honest and they could they could do that and that could sink a lot of things it could still take off it would just take a heck of a lot longer and there could be other issues that are out there so I think that XRP could be a great play for you if it if it all works out but for me I'm just gonna say you know what I'm gonna go a little bit safer and then go with that now am I going to sell my XRP no like I've said before I will go down with the ship I'll go down as long as it takes because guess what I've got nothing but time and if it doesn't make it it's okay I've already lost a whopping like 80% now it's 75% somewhere of the value of that position so another 20% is not going to kill me and I just don't care so now that I look back on these videos and I see just the positions that a lot of the people have I respect their decision even more just to hold strong with this is what I see it's going this is what I believe it to be they're not all over the place you know some people might might say that their Charlotte tends just for their initial prediction but it's what they truly believe it's going to be and again they're not like just throw out these like super crazy numbers maybe back then it was a crazy number but at least that they've been consistent the whole total time and I can respect that you know let me know what you think in the comment section do you think XRP could hit $95.20 or that $589 magical number that people keep throwing around or do you think it's gonna go back to being a pig to the quarter let me know in the comment section let's move on next up this will be quick Coinbase is going to list the flare airdrop for XRP this is kind of a surprise to me because I didn't think they were going to do anything with retail I've I've been saying for a while for about a week now or so a couple weeks I think Coinbase has just moved on to the institutional side and it's kind of left the retail at the at the wayside but they actually bowed down and said yep you know what we're gonna bend the knee and we're gonna say yes we will definitely support this flare airdrop and it really comes down to the power of the community because if the community didn't demand it so much or talk about it so much or give them so much trash about it they wouldn't have done it because they'd be like who cares we don't need to do this for for anybody but now that people step up and they do it hey now here we are so this is actually from Stettis and he puts out a nice little graphical representation of all the different wallets in exchange that are actually going to participate in this airdrop you got everything from uphold bit hum okay x the new ones that I saw was cracking at first but they put out a release that we're not going to support this and then they toyed with the 180 and said oh well we're going to support it so crack is going to do it my guys would I trust capital are you going to do it and then Poloni x is also going to but there's just one thing and this is this comes down to all the different exchanges and that is this this is the official blog post for Coinbase they say yes we're going to support it it's on December 12 2020 at 0 100 hours so I recommend that you stop transferring all your stuff around a couple of days before and just let it sit there don't be like I'm going to do the last minute that's that's dumb just put it in there set it and forget it and don't move it so they do say this and this is for all exchanges our decision to support any asset requires significant technical and compliance review and may be subject to regulatory approval in some jurisdictions which is amazing because when Uniswap got listed it was like as soon as it got Uniswap said we're going to give out some tokens Coinbase is like we'll do that and then no problems but whatever we therefore cannot guarantee when or if Spark will be available for distribution in any specific jurisdiction at this time so this goes with all the exchanges if they don't want to list it they they don't they're not going to list it I don't know how that's going to work as far as like getting it off the exchange maybe an alleged will support or maybe they'll have their own wallet I have no idea but just so you know the exchanges you pick could not end up listing it meaning you could not sell it meaning that it could just be stuck there and maybe maybe not who knows also the snapshot is happening on December 12 doesn't mean you're going to instantly get those flare tokens it's going to be until Q1 2021 so just be aware of that and lastly there's two wallets that I don't see here I don't see Celsius anywhere here but Celsius is going to support it you can do a search for Celsius XRP airdrop and there'll be a video there from a guy named Nuke the chief technical officer also Alex Machinsky came out on on YouTube and did the same thing on one of his AMAs and said yes we are going to support also Voyager is also going to support that I had message Steve last week I said hey man I know you're getting ready for your big Giants game which they're going to lose I said are you guys going to support the airdrop he said yep we said it on Twitter but not in a formal release but yes we are go Giants so and so so Voyager will also be supporting and you don't do anything you just leave it right there and that's it so as far as I can tell it seems to me like most most if not all well most you can't say all most of the big exchanges and big wallets are going to support this and that and that's on top of Binance and Binance US as well and that is really it for today don't forget to check out iTrust Capital the link is in the description below just go over there schedule a call talk to them as long as you want to it's great talking to a real person and then get these things done before these crazy taxes get enacted or even if there's no crazy taxes that come up you've still got to pay taxes so try to minimize those as best as possible all right so thanks for sticking with me to the whole thing I really appreciate it if you like these types of videos doing two months gonna pop up on your left and right not sure I'll let YouTube do their magic and that is it for today so thanks again really appreciate it and I'll see you on the next one