 Alright guys, so in today's video, I want to be focusing on the crazy bear run they're having right now You know me. I really don't like to talk too much about pricing and speculation That's not really my shtick or more or less into building startups and focusing on technology However, I do find it amusing all these newbies who are coming in the crypto space Going crazy because there is a bear market right now. There's a couple of things that teaches you one They're not real investors number two They have their emotions too much or tied to their money and number three They're not really looking at the long-term projections and that's the main focus of our talk today Is I want to be talking about long-term now. There's a term in the crypto space called huddling Really if you do have a second, I do recommend looking at the history of the term huddling It was a teacher. I think it was 2014 during the bear run. He was drunk and he was on Bitcoin talk forum And he misspelled hold to huddling. He's like, I know I misspelled anyways check it up. It's fucking awesome now It's in history books, but that being said there's a couple of things that do want to talk about so first of all I don't understand these people who are complaining Complaining about oh my god Bitcoin fell from 20,000 in Christmas down to I don't know what it is today Let's quickly look up on coin market cap currently What is so today? It's around 6,900, right? I'm not too sure what they're complaining about If you went back to last year around summer time Bitcoin was what a couple of hundred bucks Given if you went last year summer time. What was Bitcoin? Let's let's check right now If we went so right now, it's April if I went If I went April 2017 Bitcoin was $1,200 so let's move to the summer time Summer time would be Right here June June was $2,500 right and this is where you see the big run-up happening over here And the peak was around Christmas December 15th Act something like 20k or 19k I forget. Yeah, it's about 20k give or take Anyways, most people started buying up on the run-up over here So let's say summer time they started buying in at like 2,500 bucks give or take and so they're complaining right now that Bitcoin is worth, you know $6,000 What fucking asset class or investment can you make a three-fold? Return within a couple of months and still not be complaining that oh my god It fell from 19,000 down to 6,000 right now. I don't understand these investors and they're fucking demented They shouldn't be in the space. They should not be allowed to invest They give a bad name to investing they give a bad name to cryptocurrency and they should sell all this stuff if they have no Let's say trust in the technology that underlines Bitcoin. So I want you to show you something over here. So this is the total market Cap since I believe last so this is November 2017 and this will take us all the way back to January 25th 2017 so this is total market cap. This is during the run-up right now and that was Around Christmas and we're going down no matter where you bought per se if you bought around let's say May of last year you're up. You're up ridiculous like it's ridiculous absolutely ridiculous in fact There's a lot of similarities between the total market cap over here and looking at the S&P stocks now. I don't I don't Correlate alts or these tokens with majority of the stocks Well, some could be similar because many stocks are penny stocks But that being said most of these alts are going down to zero But I do correlate is a decentralized currency such as Bitcoin Monero that actually have a utility have technology behind it Have developers working on it and actually have a use case for it I correlate that to more or less as S&P Charting so if you look at the S&P charting over here for for a moment We look at from the beginning 1880 till now no matter when you bought or where you bought No matter when you bought in you're up Warren Buffett talks about this he he made a bet and the bet was up last year He bet like I think any fund manager like a million dollars to outperform the S&P and it didn't So no matter where you bought if you if you bought in 2000 you're up if you bought in 1980 you're up if you bought in wherever you're fucking up So long-term holding position in the S&P gives you Pretty good statistical yield return on a year-to-year basis Obviously, there's exceptions to the rule stupid penny stocks companies are full of etc But more or less statistically speaking if you average it out the S&P returns guaranteed a year to your end and so it's kind of a Interesting similarities if you're looking at the S&P and obviously Bitcoin's only been around here for like just underneath a decade give or take But if we do want to kind of start thinking the future 10 years 20 years from now and looking at the real utility Currency such as Bitcoin and Monero one can only then come to conclusion of it's fucking cheap right now Like people complaining about $6,000. I'm not here to tell you to invest or not all I'm telling you So look at the numbers look at the use case look at the technology and look how early we are right now We're really fucking early and so people complaining that it's dropped in price that oh my god Bitcoin is dead for the 200 fucking time They're crazy simple as that and so that's total market cap coming up to right now April 11th give or take and it's been like come on man. Just in the short six months has gone up ridiculous. So then Let's go down to total market domination so This this was Bitcoin obviously up over here and then down over here This was roughly in June of last year and that's when we had the big run over here and then The big bear market right now big bear. I don't call it bear. I just call it healthy correction and we're over here Something fascinating though if you're looking at over here, I keep on telling you. I don't believe in most alts I think they're interesting Experiments per se but majority of them due to token velocity token utility issues Regulation issues will go down to zero and in fact if you look at Willie Woo He did this interesting chart not too long ago Which charts the majority of the alts and the majority of the decentralized cryptos He doesn't state per se clever of him though doesn't state per se. What is what but one can take a Very good calculated guess if you're following my mouse of what this is, right? And the rest of these clutter clutter Fox down over here those more or less are the alts sinking and so What does that tell you it tells you a couple of things a lot of these alts behave like penny stocks. They're trying to find their Place in this crazy mess More or less true decentralized proof of work peer-to-peer Consensus models are considered more store of value as opposed to these new Experimental proof of stake and we're still very very early in the space and so if we're going back to this Let me go forward over here Actually, we can go back to coin market cap If we're going to here at the end of the day, we have a long way to go I've been on the technology over anything else I'm a firm believer in we're just at the beginning and all these people who are complaining and selling their crypto and Doing foot campaigns against blockchain. It's actually good The more people to poke and prod holes into this technology into everything that it represents the better It becomes stronger as they say the honey badger doesn't give a fuck and so that's my thoughts on all this guys At the end of the day, let's go back this S&P chart Long-term holding positions and so for me I'm quite bullish on Bitcoin quite bullish on Monero bullish on a theory and bullish on other ones Those are three on top of my mind right now and so At the end of day Bitcoin is not dead cryptocurrencies are not dead We have a long way to go and I'll talk to you guys soon. Peace