welcome back everybody to altcoin daily so much has happened over the last 24 hours in today's
video i'm gonna clue you in show you what's going on put it in perspective i want to talk about
some of the projects that just went on heavy discount maybe you can help us in the comments
section which coins are worth accumulating and how much do you need that's what i want to talk about
in today's video of course first things first what happened over the last 24 hours make sure you
subscribe because we do stuff like this daily over the past 24 hours several things happened which
sent the cryptocurrency market into a great state of fear bitcoin dipped below 30 thousand dollars
stocks especially tech stocks were tanking crypto is tanking and of course probably the biggest one
tara's ust their stable coin lost its peg despite loans from the bitcoin reserves so
terra stablecoin peg supposed to be pegged at a dollar slipped below 70 cents despite the fact
that they had those bitcoin reserves so this is what it looked like in real time yesterday
as the peg went from a dollar dipping to 90 cents 80 cents 70 cents in the 60 cent
range very scary since then it did reclaim itself a little bit into the 80 cent range now the 90
cent range nature is healing but yesterday and hopefully you follow us on twitter because we were
talking about this in real time as it happened at a certain point yesterday the luna foundation was
selling tens of thousands of their bitcoin from their reserves to try and maintain the peg and it
wasn't being maintained a very scary time in the market this is the luna foundation bitcoin balance
it's only really been going up up until yesterday when we saw this sharp decrease as they were
trying to maintain their peg was not working and the market went into a state of great fear
one billion in fact was liquidated from the cryptocurrency market yesterday 24 hours 1
billion this is a huge number crazy times but with all this craziness there are plenty of takeaways
let's go over some of the takeaways and some of the coins which are worth accumulating please
comment your thoughts on that below first one of the major takeaways is that the beauty of
this market is that no government is coming to save any individual or project from liquidation
or implosion this allows the natural process of creative destruction and enables the space
to grow forever stronger out of each bust the protocols that survive will get battle tested
like bitcoin has been battle tested and developed these scars and strength over the past 13 years
and the space you know everything's open source so we can all learn from every single project in
their trials and tribulations and the whole space is going to come back stronger another takeaway
it's important to remember for every seller there is a buyer so let's take a look at
some of that data there is clear evidence that bitcoin whale addresses are viewing yesterday's
drop below thirty thousand dollars as an event to accumulate sentiment feed saw the highest
amount of transactions exceeding one hundred thousand dollars since january and their supply
of bitcoin held is rising again listen i've made the most money in my cryptocurrency life
from times when the market was exactly like this when prices were down sentiment was down
screw-ups were happening fear in the air and this has happened plenty of times before in 2018
2015 2012 the best advice i can give you today is whatever you do do not leave the industry
countless people left in the deep bear market of 2012 2015 2018 and never came back
i simply can't imagine the psychological pain they are feeling now if you left when bitcoin was
four thousand dollars and now bitcoins dipping to thirty thousand the point is stay and you
will be rewarded i agree with this so who else is excited about the future of crypto let me know if
you're excited about the future of crypto in the comments or if you will be leaving the industry
in my opinion there's no putting the genie back in the bottle there's one direction that this is
all going forward i know it seems crazy oh in the future everybody's going to have bitcoin in the
future everybody's going to be playing to earn and using nfts and crypto is going to be a part of our
everyday lives that seems crazy to me just like a computer in every home and office this was once
a crazy idea to watch bill gates be questioned on this is a failure a computer is not in every home
and office at the moment cut to today a computer is in all of our pockets listen to this i think
you've been quoted as saying that the original aim of microsoft was a computer on every desk
now the thing is that really projections we used to get in the 70s whether by around about
the end of the 80s every house would have a personal computer now it hasn't happened
and the reason it hasn't happened i think is because they're still too difficult
you know you've still got this computer language that puts people like me or over 30
it puts us off and you know when you're completely illiterate as far as these things go i mean
they've changed a lot computers but are they going to be accessible to even an egypt like me
well i think we will get one uh in every office uh in every home that was our original vision to do
that we're gonna have to make them very familiar yeah and we're gonna have to draw on things people
understand uh for example everybody knows how to talk and everybody knows how to write in fact i
brought uh one of the latest machines here because for the first time we're coming out with computers
that understand handwriting well this speaker you see what i want is something that i can just
i don't have to type anything i just write a thing on the screen it says send us me bank statement or
whatever you want you know rather than having to interpret it in a language now can you do
it with this pretty much let me not my bankster i don't want the world to see my bank statement
i want you to show us this this is fascinating so you write it recognizes your handwriting does it
that's right first i'm going to just point here and ask it to start up a notebook application and
we we can see here my monthly calendar uh let's point in at this one specific day and see what's
going on there now this is just a normal pen i'm writing right on the surface of the screen and
didn't have to learn anything special so here i've got this daily calendar let's say i want to change
something i've got a dinner down there but if i want to get rid of that i just do a simple gesture
gets rid of it and i'm going to monte carlo tonight so i just write that there you ask you
probably own monte carlo so you put that one yeah i want to say okay and now the computers
uh understands that and it's got it on my schedule and it actually will print it out sure look people
are realizing this problem people are realizing this problem fact people are realizing a whole
host of problems the cryptocurrency can do better at the good news is that one bitcoin is still
attainable yeah thirty thousand dollars is a lot but everybody expected it to be around a hundred
thousand dollars at this point accumulating one bitcoin is still attainable they're not making
any more bitcoin i mean think about it if you believe that bitcoin will hit eventually 100 000
plus price point as i do then this market correction is legitimately a gift so what
is worth accumulating one bitcoin i think definitely worth accumulating 32 ethereum
i think definitely worth accumulating or at least building up your eath stash
maybe 10 eth 100 cardano if you believe in the future of cardano definitely worth accumulating
50 soul if you believe you know soul has been getting integrated into so many different
ethereum based platforms coinbase open c if you're a believer in seoul 50 soul is still very much
in reach a hundred matic still very much in reach 75 dot you tell me which coins are worth
accumulating i think i'm personally i've bought bitcoin i've bought ethereum i've bought sold
i've bought some low caps i like mina i like theta but this is not financial advice
the point is one bitcoin yes it's worth a lot but if you believe that bitcoin is going to be
around in 10 years one bitcoin still very much attainable accumulating eighth one eighth 108
still very much attainable 100 cardano very much attainable maybe you like xrp you know what i'm
not here to evangelize every coin what i am here to evangelize is bitcoin and the cryptocurrency
market in general because just like the computer in the 70s and 80s it's only going to get easier
it's only going to get more ubiquitous now the good news is that mcdonald's follows us and
mcdonald's has actually been following a number of cryptocurrency holders this is real so if you need
to earn some extra money to buy the dip or cover your margin whatever it is mcdonald's is hiring
just poking a little bit fun at sailor the guy's a genius i definitely agree with him in other news
mimblewimble live on litecoin in two weeks nfts on instagram instagram has made it official
to their millions and millions of followers and billions of users we're testing ways
for creators and collectors to share nfts they've created or own on instagram with a shimmer effect
whatever that may be the blockchains they tweeted this out the blockchains that will
be supported are ethereum matic flow and solana congratulations if you hold those
to go along with news in nft land azuki that was another thing from yesterday azuki suffered some
fud and all nfts and all nft blue chips took a hit you know a highly speculative market but these are
blue chip quote-unquote nft projects all a lot less than they have benazuki at 178 mutants
at 18 clone exit 12 doodles at 15. the news about azuki the other day is that azuki nfts
plunge after founders confess past failures one of them did this whole write-up saying that we were
behind such failed projects like funks attendees and zonks and you know they said they learned a
lot from the process i really liked k-money did a parody video on this really explains the situation
watch this and you tell me if if you would like to have an azuki at these prices or tell me your
thoughts watch this hilarious okay money so the market is down yeah it's one of the worst days in
web 3 history and i have an idea of how we could capitalize on that what is it let's announce that
we were a part of three rugs why would we do that that doesn't sound like a good idea well
i think the community would be appreciative of the fact that we're being transparent okay but
what if people view that as fud especially on a day like today when the market is doing so poorly
well we make money on royalties right yeah so that means we make money when people sell right yeah
people are gonna love this article it's gonna be great people are gonna love reading this
especially after all we've had to offer is doing an air drop when people are drunk and
exploiting anime culture wait i have an idea can we peg an azuki to ust that's a great idea
oh and then el salvador bought another 500 bitcoin yesterday small nation buying the dip pretty
cool to see in that we've never had something like this before and surely other nations are
taking the hint and seeing this when bitcoin pops back up they're going to realize
that oh man they're 500 bitcoins worth double triple maybe anyways that remains to be seen
my name is aaron at altcoin daily i hope our videos give you value perspective information
you tell me what you're buying you tell me your thoughts on the market and your thoughts
on my assessment of the market and with that being said i will see you tomorrow my friends