welcome back everybody to altcoin daily my name is aaron smash the like button because in today's
video we're answering the question this is the question of the day is bitcoin still in a bull
market is cryptocurrency still in a bull market i'm curious to know what you think in the comments
below which cryptocurrencies aren't a bull market which cryptocurrencies aren't in a bull market or
how you think about it in today's video make sure you watch the entire thing we will be answering
this question and more than that we're going to go over big updates with bitcoin ethereum cardano
litecoin elrond and much much more give the video a like and let me know if you got in before 1
million subscribers we are on a road to 1 million subscribers we're about to clear that any day now
of course the reason why you subscribe is because on a daily basis we keep you informed
on the entire cryptocurrency market the mainstream media will never share this information with you
we try to do the best we can to keep you informed in the know so you can make the smartest decisions
in crypto with that being said let's get into it bitcoin has a you know from the way the market's
acting this is seemingly a severe dip bitcoin at 44 800 a lot of people seem to be bearish
in our comments on bitcoin and cryptocurrency twitter is the bull market over that's the
question we've been pumping for you know years now we've been broken past all-time highs was this the
ultimate top that is what people are wondering here's the thing if the bitcoin bull market is
over then this would be the shortest bitcoin bull market in history do you realize this if
bitcoin's bull market is over then this would be the shortest bitcoin bull market in history
well that just doesn't seem likely with the explosion of building education and awareness the
cryptocurrency industry has seen if you've only been involved in crypto for the last six months
maybe you don't fully understand this but if you've been in cryptocurrency for years now
like we have and like a lot of our audience has then you understand the bigger picture here
when in doubt zoom out why is bitcoin dipping so hard maybe you're looking
at it on the hour chart or the day chart or the minute chart but if you zoom out
you see that in actuality things have never been better we go over tons of different metrics on
this channel all the time with bitcoin and other cryptocurrencies often showing you the behind
the scenes on chain metrics why it is bullish and why it has been bullish for the last year or two
this is just another metric the lightning network now has 2488 bitcoin in over 73 000
channels bitcoin is scaling bitcoin is scaling so bitcoin has never looked better in my opinion
people are buying we'll go over this in just a second but let's talk about ethereum real
quick if we are in a bull market which i believe that we are in my opinion this is the bottom of
eth the same range from a few days ago confluence on both bitcoin and usd pairs are good a lot of
historical confluence from 2017 and 2018 the point of this is that ethereum may have bottomed this is
ethereum versus the usd pair as you can see we've just touched some major support which used to be
resistance now turned into support and ethereum versus bitcoin the parabola has yet to be broken
so we might have bottomed out for ethereum and this might be a fantastic time to buy eth
now talking about altcoins what's interesting as strong as bitcoin looks right now cryptocurrency
looks strong and bitcoin dominance right now is at support if this is bitcoin dominance if
bitcoin dominance breaks lower we could see a wild run on altcoins kind of leaning more
towards a 2018 market cycle where bitcoin kind of chops slash bleeds while alts make all-time highs
closing below this support could help confirm that thesis here's the thing guys if any of
us knew the future we'd all be rich i constantly accumulate bitcoin i'm in plenty of all positions
realizing profits into bitcoin or other coins that i truly believe in or think have a better chance
let me know which coins if an alt season is to come which coins are you partial to which coins
are you buying the ethereum inter-operators and competitors have been doing quite well
the solana's the eagles the avax's i'm sure i'm missing some the polka dots those coins
have been doing quite well for me let me know what you think the next trend is or which coins
you're looking at going forward and there's nothing wrong with just accumulating bitcoin on a
regular basis or a select few coins that you truly believe in and truly think have great fundamentals
because what we're seeing is companies that have to disclose that they own bitcoin continue to
buy on a regular basis whenever major dips happen just recently micro strategy adds to its bitcoin
stash they now hold 5.1 billion worth of bitcoin from july and september microstrategy has added
900 bitcoin to their holdings they are a publicly traded company they have to
disclose there's plenty of private companies and private entities that do not have to disclose but
regarding public companies that own bitcoin i'm not sure if this has updated with microstrategy's
recently disclosed numbers but even that being said microstrategy owns the most bitcoin
than tesla then galaxy digital and voyager than square then marathon the coinbase and adding all
this together publicly traded companies own over one percent of all bitcoin ever pretty interesting
they're taking the risk are you and by the way the exact number of bitcoin that microstrategy bought
this was in the on-chain data just like all the other unidentified whales that we've been tracking
so understand this looking at unchained data which is 100 accurate whale holdings have
increased by 100 000 bitcoin in the last three weeks if sailor bought just 5050 of those coins
then who bought the other 98 000 bitcoin i guess we'll find out eventually publicly
traded companies have to disclose we will find out eventually unless it's a private individual
or private entity then maybe they'll keep that to themselves the point is we can see unequivocally
unchained that the bitcoin is being bought many by wales on a regular basis and understand this too
400 days ago microstrategy owned zero bitcoin they first bought bitcoin 400 days ago around 11
000 many people at that time thought microstrategy was buying more towards the top turned out to be a
great decision and they have just continued to buy their average price is around forty
thousand dollars for bitcoin pretty cool and if you take a look at what's going on in the world
you see that there is a demand for you know big players to buy bitcoin we do not have
a bitcoin etf in the united states yet which would make it very easy for big players to get
involved so what do we see happening well arc invest targets canadian bitcoin etf investment
investment firm arc invest which is kathy woods is fund they're now considering investing in canadian
bitcoin etfs because the united states has yet to launch such a product so canada has them the us is
dragging their feet i mean there's demand that's the point there's demand for bitcoin for ethereum
and i mean this whole space cryptocurrency has grown by leaps and bounds orders of magnitude
in the last three four years if you've been on a journey with us here for a number of years you
know what i'm talking about let's talk about how ethereum is scaling and again we did not see this
stuff just two years ago this is all things that are happening this year and this is fundamentally
bullish ethereum layer 2 arbitrarum soars to 2 billion in value locked arbitrage has seen
rapid growth as d5 users deploy their capital in emerging yield farms these are the key takeaways
arbitrarum has secured more than 2.2 billion in total value locked with usage soaring in just the
last few days almost 29 000 unique addresses made transactions on the network on sunday arbitrage
skyrocketing growth and total value locked was triggered by the launch of just one yield farm
called rb9 and because this is so nascent you know just one person moving on to the network
can mean big things for the overall value of the network and if you're unfamiliar with arbitrary it
does not have its own token it uses technology called optimistic roll-ups it was developed by
off-chain labs the project leverages optimistic roll-ups to process transactions at a higher
speed and lower cost than ethereum mainnet while benefiting from the security of the base chain
it works by carrying data off chain and sending batches of transactions to ethereum mainnet as
call data arbitrom's closest competitor optimism also uses optimistic roll-ups though delays in
launching have led to arbitrarum stealing the layer 2 spotlight so far so ethereum is scaling
in many ways we're seeing bitcoin scale with the lightning network and this is something to think
about ethereum layer 2 scaling solutions optimism and arbitrarum almost definitely going to do a
dydx slash uniswap style retrospective token drop right because we have other each scaling solutions
like loop ring which already have their own token but we're seeing all these projects build their
network first and then drop their tokens to people who already support and use the network
i think there's a good chance this will happen and people who used uniswap or dydx before they
dropped their token got thousands of dollars for free so consider this maybe if you're in
to using the ethereum network consider trying out optimism and arbitrary just once can make you
eligible if they do do a retrospective token drop something to think about let's talk about cardano
my friends it has happened cardano successfully launches the alonzo hard fork cardano has deployed
plutus smart contract functionality on the mainnet september 12th has come
september 12th has passed now cardano is fully smart contract capable this is not the end
this is just the beginning my question to cardano and ada holders is this is a serious question
besides the general growth of the ecosystem are there specific things for cardano holders to
look forward to especially in 2021 in the next six months to a year in general cardano holders
besides just general growth what are you looking forward to is there anything to look forward to
as far as cardano upgrades or events or anything of the like let me know let's talk about another
ethereum interoperator competitor i am bullish on open source platforms that are competing
or interoperating with eth like eagle like elrond and the news is this kucoin lists eagled and this
is the key part announces strategic integration enabling listing of elrond's esdt tokens we are
excited to announce that leading exchange platform kucoin has listed e-gold and also completed
the full integration of its systems with the elrond network mainnet which means that projects
building on elrond have the opportunity to access the broad community of more than 8 million people
and the deep liquidity of the prominent exchange platform kucoin with the trading volume currently
exceeding 3.5 billion in the last 24 hours kucoin is ranked fifth overall by coin market cap and is
a trusted avenue for the crypto community ever since it was established in 2017.
i agree with this kucoin is a top mid-tier cryptocurrency exchange at least and eagle being
listed there is a good thing but even more so it seems that any coins that are building on top of
elrond like we see building on top of ethereum seems like they're automatically going to get
listed on kucoin and have access to liquidity so that's pretty cool for eagle and lrond fans
final piece of news my friends this was interesting litecoin surges on debunked
walmart news so litecoin pumped 30 percent because some news went out litecoin briefly spiked on what
turned out to be a fake press release announcing that walmart would accept litecoin the litecoin
official twitter account even retweeted this um it was in global news wire this is where i
originally stemmed from it seemed to be legitimate and a lot of people were covering it even rooters
even like traditional you know news publications have nothing to do with crypto covered this and
it pumped litecoin other than litecoin dumped leading the litecoin foundation to even put out
this press release saying hey this was fake news a fake press release which looked to be official
was sent out this morning across global newswire it is not our policy to release a partnership
in such a way regarding the quotes within the article itself these two are fabricated it did
not come from charlie lee the creator of litecoin and managing director of the litecoin foundation
several media outlets including reuters did cover the story first and in response one of our social
media team members was a little too eager shared the story in the litecoin twitter account this was
quickly deleted and we have taken steps to correct further future issues our marketing team has been
responding to inquiries that this is indeed false so make sure that you always have the best
information subscribe to our channel we always strive to tell you what is true what is factual
and provide neutral yet helpful perspective and opinion and you know hey very volatile with news
like this in bull markets if this was a bear market litecoin wouldn't have done anything
in a bull market litecoin pumps and volatility is your friend in bull markets all right that
is it for me today my friends subscribe to our channel on a road to 1 million see you tomorrow