 Welcome to the Jalassette News to get top stories and cryptocurrency Jalassettes and break them down to bite-sized pieces and what a day it has been for cryptocurrency. First up, Raoul Powell now says that 98% of his net worth is in crypto. This is pretty amazing because just in October it was only 50%. So I think he is making a massive bet also. And this could be why because PayPal is actively advertising cryptocurrencies on Twitter and other formats. Also legendary investor Paul Tudor-Jones hints that because of frackles this could be a possible explosive Bitcoin rally and it's a nice way to look at a chart but in our reality we know where Bitcoin is going. And finally as a follow up I'm going to transfer some XRP from my ledger to my Celsius wallet. Just to show everybody how it's done and they can be ready for the spark airdrop. When we get in all that but first take a look what's going on in the markets. So today it is November 30th it is almost 3pm Texas time let's see what we got. Well Bitcoin touched a high of around 19.8 something I can't remember what exactly it was actually CNN did a report on it which talks about Bitcoin reaching its all time high so you can just know that when CNN is going to report on something it's not a good sign usually we see a little bit of a tumble but again this may be a different bull run. Ethereum is above 600 that's fantastic XRP making those huge gains 46 for the week. Tether's tether 19 billion like you see an audit on that Bitcoin cash is at 312 that's pretty good 10% up chain links up everything's up I mean let's just I just call what it is wow great everything is up and this is fantastic look at but what's really important is take a look at how this compares to Bitcoin not to take a look at how Bitcoin is for the dollar or how Ethereum is for the dollar but really we're going to look at how these altcoins are doing against Bitcoin well if you invest in Ethereum well you're 2% up in 24 hours pretty good 1.2 for XRP tether that's just a dollar right 4% you'll be up for Bitcoin cash and actually the top 6 or so you're doing pretty good pass that you're not doing so hot because you really just should have invested in Bitcoin unless you've invested in Aave so good for you and a little bit of for your finance everything else so that's really what's going on with the market let's just jump in today's stories the first of I'm not going to harp on this too much we all know Ralph Powell is a huge Bitcoin you know fan that only makes sense there's a couple things that he said here that was pretty interesting I mean one of which was you know how much he actually invested into Bitcoin and I'll just sum this up into a couple sentences October 7th he was on Stansbury research it was a nice little interview I was him and Daniella Cambone and we've already covered that and he said hey I've got 50% and Bitcoin I thought that was a lot I was like wow it's pretty ballsy but then I was at the beginning of October and then the middle October he saw this tweet storm saying that you know Bitcoin is a massive black hole and it's going to suck everything into it it's kind of like the same long the lines that Alex Machinsky was talking about as far as like what cryptocurrency is gonna do for the internet it's going to swallow the internet hole and you're gonna see it right now I mean all the different money that's coming in from from retail and and investors and hedge fund managers and all these different people just coming in before you know you're like where's all the money oh it's all in Bitcoin so that's just how I see things and that's why I when I see these dips I'm like who cares who cares about these dips the only reason I care that Bitcoin price goes down that just means that I can buy more and a more up a percentage so last week when it actually went down I talked about this last week once it goes down to like what I feel is like a baseline around 18 5 almost 19,000 I said wow it's already at like 17 or 16 5 I woke up at like 4 30 in the morning like I usually do and I'm like I got to buy more of this so usually every day I buy a certain amount of all my different cryptocurrencies and in this situation I'm like wow I mean Bitcoin went down that much I got to dump 20% more of what I would usually spend so if I you know put in 100 bucks I would put in $120 and so on and so forth so there are just some days when I just feel like hey I'm not gonna foam all the way in but I'm gonna increase my my positions as far as my dollar cost averaging and that's one of those days and this is the exact same thing that I see moving on into the future and Raul is just like me I mean he's my he's a little bit different right it makes a lot more money let's just be honest but he says right here he goes again he's talking about Bitcoin and gold this is the best trader investment and future opportunity I have ever found and as the power to give a little guy a chance to grab their share of the wealth creation before Wall Street does grab it you need to grab that's really what it comes down to all these different FUD articles and talking about how Bitcoin is gonna be regulated and before you know it's gonna disappear and it's just gonna be it's gonna go to zero and the tulip mania and all that BS is just a way for them to steal Bitcoin from you don't you get it all they want to do is scare the living hell out of you so you will you will sell your Bitcoin or your cryptocurrency so they can get their dirty grubby hands on it and they can sit on it and drive the price up and before you know you're like oh I got priced out I used to have it now I don't and it's one of those things that upsets me because I just feel like if people would just not get too emotional in the whole thing I mean now here I am talking I'm getting emotional because I'm getting ticked off but as far as like investing there's no reason just to go ah you know I don't know I think it's gonna just put a little bit in don't gamble so much just invest and sit on it and just don't even think about the money that you have and it's amazing like in 2017 I was going through this I'm like why do people tell me that it's just seems so ridiculous I have to check the price all the time I've got to do all these things but it's not the case you just invest into it long-term investor I don't know when Bitcoin's gonna go 100,000 or 300,000 or whatever else but I know it's gonna get there I just don't know when it's gonna get there so I would just invest a little bit slowly but surely and it will eventually get there but again if you're thinking that you know what it's just gonna go to zero whatever else I just I just don't see it I mean maybe I'm wrong let me know in the comment section there's always a couple of people who tell me how wrong I am so anyhow moving on these two quotes are these two tweets really just tell the whole thing he says I'm gonna explain this again he's talking about regulation when people are talking about like this this goofball Jamie Diamond from JP Morgan talking about how Bitcoin's gonna be regulated he goes look I'm gonna explain again you might hate regulation of Bitcoin you might have a massive philosophical aversion to it and that's fine but they're gonna regulate the fiat on ramps and off ramps and it will make you rich as institutions now will be able to adopt it trade-offs so what he's talking about this is this is the same reason why Brian Armstrong got so up in arms when there was this big article about Steve Mnuchin who was going to start to regulate these on and off ramps and also for where the cryptocurrency was going into which wallets out from these exchanges these off ramps and on ramps such as Coinbase so he was upset he's like oh man that's that's more related for me then people may not use it and then look I already talked about how I think they're suck and wind anyhow I think they're crumbling from the inside because there's so much competition out there you can watch the video I was yesterday but yeah I mean that sucks for an exchange owner but don't feel bad for them and their billions I think they'll be okay and they'll figure out a way to to still rip us off in fees but really what it comes down to is this yes that's a Palmer and it's gonna be a problem and we're not gonna like it but Raul's right all these different institutions where they need you know permission from their upper upper upper boss to actually do anything well now they have regulation now they have these things in place now they can get in the game and when they can get in the game they're bringing massive amounts of money to this instant this situation and they're able to put it into Bitcoin which will raise the price the problem with these institutions getting in they're gonna do the same dirty tricks that they've all done the market and manipulate you thought whales were bad in 2017 I think these institutions are even worse and that's why when I see these dips I'm like there is only one reason for that and it is those huge whales out there whether they be institutions or not I just don't see good things and that's why I don't like to actually even look at the charts anymore and I may even do away with coin gecko in the very beginning because it just makes people like no look I don't know when it's gonna get there but it's gonna get there and last piece he says okay last bomb I got a sell order and tomorrow sell all my gold and scaled by Bitcoin ETH and he said it's an 80-20 split I don't own anything else except some bond calls and some some dollars 98% of my liquid net worth so you can't categorize me except irresponsibly long good night and then Dan Held says why is it 80-20 and he says I don't know he goes I think it's a hunch I think Ethereum outperforms Bitcoin by 5 to 1 and that one I don't think it's a hunch I think it's a inevitability because with Ethereum everything's built on Ethereum Ethereum 2.0 I was kind of on shaky ground with their launch but they blew it out the water and it's gonna come in December 1st and they've got billionaires investing into those funds and pumping Ethereum into the staking pools so I don't see a problem with that I think it's gonna be huge I think it's a 10,000 other coin and right now it's only at 600 bucks so when he says he thinks it's going to massively outperform Bitcoin yeah it will so that's why I got a lot of Bitcoin I got a lot of Ethereum not figuratively speaking of course I don't have hundreds or thousands or something crazy like that but I got enough and I feel pretty good and I really think that things gonna do well and if it doesn't well I got a lot of Cardano so that's it for that story let me show you think let's move on the next next up this is just a little small piece and I thought it was interesting because you know when PayPal got in the game with cryptocurrency I when the rumors first came out I was like yeah of course they're gonna get into it square got into it and the reason that square got into it is for two reasons one because Jack Dorsey is such a huge Bitcoin fan and two is because it drove half of of Square's revenue for the fourth quarter so why wouldn't PayPal do the same thing they're like oh you're telling me that we can almost double what we're doing right now and also I do just add these four goofy coins because I'm gonna tell you right now they don't believe in cryptocurrency if they did they would let you move it off platform or at the very least do other some type of like provision but they're not doing that they just and especially with all the different vendors and things like that they're on the vendors keep the cryptocurrency they're changing up for Fiat because they don't want them to deal with this instability so when I see something like this they know what's going on they see how much money is being generated this is their biggest cash cow that they just could have stumbled on because right now it's free for all the PayPal users to get hooked into Bitcoin, Ethereum, Bitcoin Cash and Litecoin but that's pretty much how all institutions and all businesses do it like here's a little bit free you like that sweet candy why don't you come on inside because we got a lot more where that came from and people are gonna keep buying especially as the price goes up as the price goes up they're like I gotta buy some more and it's a continuous flywheel just like I talked about over at Celsius so it's a never-ending process I think this is huge and of course I mean it's huge for PayPal that's for sure it's also big for us but they're not going to stop and I wouldn't be surprised if you see an ad in the Super Bowl let me just think in the comment section let's move on next up Paul Tudor Jones hints at some fractals and possible Bitcoin rally I didn't I didn't really think I was gonna cover this one because I think it's kind of just goofy I mean fractals are great it's one of the things that actually based my exit strategies for for Bitcoin, Ethereum and XRP also somebody asked me they go hey Rob it sounds like you know your your exit strategy should come into play because you know bitcoins that was 19-8 whatever else it was so did you sell 20% first of all it's at 19-9 and I'm not selling 20% of the bat I'm selling 10% and here's my exit strategy for Bitcoin you can find my Bitcoin XRP and Ethereum mega strategies in all the descriptions of all my videos so but yeah it's getting ready to be sold so we'll see I'll have a small amount of profit I'll be very happy but right now didn't hit that number but very very close probably next week so anyhow here's the fractal and what he's talking about he's saying well just because how gold you're looking at between 75 and 77 gold went exponentially higher moving on from 1977 and forward and we can kind of take a look at the same thing 2018 and 2020 there was a bit of a lull here 73 to 75 then a little sideways little dip just like here sideways and dip then it went up and now here we are just like gold and you see where gold went so saying well if gold went this way and because Bitcoin is essentially gold 2.0 it's a pretty good store of value also it's a lot easier to transport than gold have it much more divisible and much more easier than gold you have to melt it down and of course it's great because you can send it to anyone anywhere in the world at any time in less than 30 minutes for next to nothing you can send I'm there's a tweet that someone said I just sent 10 million dollars across the world for less than a cup of coffee at Starbucks try doing that with gold and then of course the big thing with Bitcoin versus gold is that gold is scarce we still keep finding it so I don't know if it's really that scarce and then gold or Bitcoin isn't scarce it's not it's not scarce it's finite it's set there is never gonna be anyone 21 million so I think when people say scarce and even I sometimes say scarce it's not scarce it's limited it's finite it's a it's just one number and that's all there will ever be for all time so that's pretty much the whole article then see was anything else not really well there was one pretty cool thing this suzu the CEO of three errors capital pretty big large hedge fund in the cryptocurrency space talks about the fractals but this was the good part states states there's also a massive gap between the valuation of Bitcoin and gold currently gold's market cap is nine trillion which is not true so actually here's my favorite visual money in markets this was from six months ago May 27th and they're stating that gold is about 11 trillion so that's a ton and right now our entire market cap for for Bitcoin we'll be looking at let me change over to the dollars if I it's almost 600 billion so 600 billion that's not bad but that's not 11 trillion good so if Bitcoin and cryptocurrency can kind of sneak in there and gets a I don't know half of that that's five trillion now you're looking at a 250,000 plus Bitcoin and there's really no stopping it so again when I talk about valuations and upside potential if you look at what's going on between Bitcoin and gold I mean you can invest I have gold I have gold and silver but the upside potential of Bitcoin and crypto assets are just astronomically higher so I don't know I mean you it's almost irresponsible for you not to invest into it now I could be wrong let me know in the comment section but there is one piece then I'll leave off with this actually saw this tweet last night that's a pallet said that you know he had you know gotten rid of his gold and I said hey that's pretty good got rid of a useless gold while I don't want to throw away your blockbuster card and your MySpace account it was just in fine was a joke but somebody came in Oscar and he had a good question he says hey what would you do if you had over a hundred thousand in gold would you sell it all and get in Bitcoin or sell a percentage I said to be honest I'm gonna keep my positions in gold because you never know you never know what's gonna happen I'm not gonna sell a hundred percent that's just not how I operate some people can and that's fine I'm just more of a cautious person so I said you know a 90 10 splits pretty good any 20 isn't bad you could do that 80% Bitcoin 20 gold or 90 10 whatever you want to do but again never Bitcoin's been around for a thousand of years and it's not gonna get phased out tomorrow so that's just how it is so play your cards right and that's how I'm gonna play mine you can do whatever you want to right there's this last part here where Oscar said thanks I wish I would listen to you instead of some other guy I got all that gold instead of Bitcoin back in June so he bought a bunch of gold back in June so my portfolio wouldn't much better if I listen to you and I don't think go was gone up that much and just one of those things where it's just you know who you're gonna listen to who do you trust who do you think has the best answers and and when you do your own research you know where all that information that you compile you know how do you disseminate that and actually get it into a working functional thought as far as an investment strategy I can't answer that for you it's all up to you so that's it for that now I want to break into real quick and talk about how to transfer XRP to Celsius because people having problems for some reason I mean it does happen everybody's different so let's just go over that real quick okay so first thing you want to open up ledger live okay this is my ledger live I'm gonna type in my password this is one of my ledgers and I've got 5% of XRP on here okay so let's move some XRP over to Celsius how do I do that well I want to click on send I don't want to Bitcoin I want to do XRP and it's asking me for a recipient address so that's where I need to go to my wallet whichever wallet that I'm trying to transfer this to this could be the coin base wall this could be Coinbase this could be Gemini this is going to be Celsius you just open that up so I'm gonna open up Celsius and I'm gonna open up the XRP portion of Celsius I'm gonna click on transfer in the top left-hand corner it's gonna tell me don't transfer anything but XRP got it continue destination tag is required so you got to know this sending any of the digital assets to this specific address raising a third-party blockchain result of primal us so you have to have a destination tag I'll explain in a second so you know click on I understand it's gonna give you two things and this is the only thing this is only difference between XRP and everything else pretty much is that there's a destination tag which is on the top right here and underneath that is the actual QR code so we need both so what it's asking for here is both recipient address and I'm going to copy this and I'm gonna paste it in here I'm gonna make sure that's the right one RDC easy that's it the tag I'm gonna copy that as well and I'm gonna paste it right here 292 blah blah blah right I'm gonna click on continue and the amount I want to send let's just send a hundred XRP whoo that's a lot let's just do 50 okay 32 bucks sure network fee pretty good I like that so then we're gonna click on continue from XRP to RDC easy that's right fees total debit great click on continue now it's gonna say look you have to go to your device your device your nano ledger I'm going to put in the my pin code I need to do that first one two three four five just kidding that's not what it is it's gonna say open app XRP which I will open that app and it's gonna say loading because what does your nano ledger do it just allows you to spend or send your crypto crypto doesn't live here it just is available so you can actually sign the transaction so you can send your cryptocurrency alright transaction type payment amount and it's you're gonna go through left to right you're gonna click on the right button amount one of three blah blah blah account two of three it's gonna go through this whole thing account three of three you're gonna keep clicking to the right it says to click two buttons right there but you have to click keep looking the right first and tell it says destination tag amount fee all that stuff and then you gonna do it again it's like you got to keep scrolling to click the right button tell it says there's two options sign transaction or reject when you see that check mark where it says sign transaction you're gonna press both buttons it's gonna sign it and off it goes and this kind of error message comes up no big deal you're gonna do it again ledger is not a hundred percent perfect something may have gone wrong internally no big deal do the same steps again and we'll click on the both buttons to confirm the transaction and transaction sent so that's it that's all I got to do pretty simple easy peasy lemon squeezy that is it for today's video knows come but fast I got a lot of things going on and I just had to get through this because it was important day and reaching all-time highs and this is great so thanks so much for hanging with me I appreciate it and I'll see you on the next one