Hey yo, what is going on with the viewers
across the tubeeeee.
If you don’t know which channel you have
landed on, well 1st let me introduce myself
as Tyler and you just entered the crypto focused
channel, that has sooo much more to say than
the talking heads over at this year’s NFL
draft….you know our awkward silence.
It’s time for Chico Crypto!
Well, what do I have to say about the markets!
Bitcoin and crypto are pushing up, nicely
pre-halving.
Pulling out the 14 day BTC chart….seriously
bullish movements, moving up the price 1000
dollars, or over 14 percent in just 2 weeks.
Which if you pull out the Dowjones over the
same time period, BTC has outperformed the
traditional markets, by a lot.
The Dow has only gained about .26 percent
over the past 2 weeks basically where it was
on April 14th.
Not so similar over the past 2 weeks ehhhhh?
Buuuut, since the Dow’s bottom, in Mid March,
the index has been extremely bullish as well,
pushing up from the low 18000s, to the 24000
mark, as of yesterday, an over 32 percent
increase in just over a month.
While if you take the bottom of Bitcoin, around
5k in Mid March to yesterday, near 7670...you
get an increase of over 52 percent.
The two are following each other, although,
it’s obvious over the past 2 weeks, the
crypto markets have been seeing more of a
pump than stonks.
It’s nice to see, but all I have to say,
is we have seen this before….right before
the big ole crash in Mid March.
From October to February, the Dow was pumping,
from 26k to 30k a 15 percent increase, before
the reality of the situation took over and
the first DIPP came.
Well BTC, pumped from 7k to 10k from November
to February an increase of 42 percent.
Again BTC lead the dow, but once the DIP came,
the DIP came…..and which asset got crushed
harder?
BTC Did, losing 50 percent down from 10k to
5k….while the dow lost 37 percent, down
from 29k to around 18k.
Sooo, if another “Crash” comes will the
future be like the past?
Well personally I believe we are in the New
Hope Stage, aka an extended dead cat bounce,
before the next fall off a cliff & I’ll
tell you right now, crypto and bitcoin will
not be immune.
Why do I think a cliff jump is on the horizon?
Well you know what I say all the time...the
more things change, the more they stay the
same.
So we gotta go back, about 100 years to the
great depression.
Pulling out that chart, we had the roaring
20s right before the crash of course.
And I like to compare that period to the 20s
back then, to the 2010s.
The markets, both times went on unbelievable
rallies for 10 years, but then both have a
crash, which stops them dead in their tracks.
Now the chart from 2010 to today, we don’t
know what’s going to happen.
But after the crash which began in July of
1929, we can see what happened.
Zooming in, as we can see after the initial
crash there was a period of NEW Hope...from
November 1929 to February 1930, the markets
pumped...for a full 4 months, before…..whaddddayouknow...the
real downwards, bear market took over….the
markets, lost 83 percent over the next 2 years
from February 1930 to the bottom in May 1932.
I have a very, very, very strong feeling that
we are in the new hope period, for the markets….just
like back then.
There is no wayyyy in haaayyyyylll, the economic
machine, get back to normal….I’m sorry
it’s just not happening.
Global travel, global trade, regional travel,
regional trade…..it’s all been flipped
on its head.
The rally, since March in finance 1.0, seems
unprecedented right?
32 percent, is the definition of a bull market,
yet a majority of the companies in the index’s
are at a standstill, not producing, not providing…..
I wonder when in history, similar things like
this happened?
Well since the Dow Jones, created in the 1800s,
there have been 8 other occasions of.those
bull market new hopes….
And they all occurred during the great depression,
on the way down.
So we need more time to be bearish, it’s
100 percent obvious, I mean, after some of
these other significant drops in the Dow’s
history…..it has taken an average of 137
days bearish, before the true reversal came….and
looky, after the big crash in 1929….we had
a quick recovery….but as we know in February
1930, another crash and look at that bear
market, over 600 days.
Will Reality take over?
Well turbulent times are coming in the next
6 months….we have a presidential election
in the states, that is surely going to be
heated, but like soutpark predicted our options
are pretty slim…..ya, in
my personal opinion, neither of the disgusting
two, will fix the problems, Sleepy Joe, started
the roaring 2010s, with Obamer, and the Trumpster
just finished it….
These Elites, all of them, are pushing towards
the same goal, the complete and utter robbery
of future generations to fulfill their greedy
present fantasies.
This is a prime, perfect, and clear as day
example of a concept, I like to call overshoot
and collapse.
But before we get into, that It’s time for
a short sponsored segment of this video, supported
by the team over at Hashwallet, which is creating
the most secure crypto hardware wallet to
date.
Like always, the full details of our agreement
can be found in the description.
So what is this new hardware wallet?
Well hash wallet like others will support
the major cryptocurrencies, Bitcoin, Ethereum,
all Erc20s, Litecoin,, Bitcoin Cash, Stellar
with many more to come down the road…..
But that is where the similarities stop, between
normal hardware wallets like a Ledger and
the Hashwallet stop….because this wallet
comes in the form of a smartcard...something
that we all know, and are used too...it’s
kind of like a credit card, you would keep
in your wallet.
But would you keep this in your wallet?
Your crypto assets, worth potentially thousands
of dollars?
Well remember they are creating this with
security in mind...let’s dig into those
features now.
First...the wallet adheres to the concept
of what you see, is what you sign.
Each card will come equipped with an e-ink
screen, which allows the user to visualize
and confirm all their operation, on card,
eliminating any possibility of fraud or impersonation
The card itself is the device, and is a non
programmable one and it incorporates a certified
microprocessor dedicated to performing cryptographic
operations such as the generation of the Master
Seed, the Recovery Key and the Recovery Seed
in a random and non-replicable way, as well
as for all the processes related to the confirmation
of operations.
What this means, is no man in the middle attacks,
which are possible as we have found out with
other hardware wallet’s that are programmable.
Like a Trezor or a ledger.
But what happens, if you lose the card or
your wallet with your card in it?
Can someone access the device?
Actually No, as it implements rock solid identity
through fingerprint biometrics, and this data
is registered only during device installation
keeping it safely stored & encrypted only
on the non programmable card.
So someone can’t get in...but if you lose
it, is everything lost forever?
No it is not….you can just use your 24 word
recovery sheetlike a ledger...right?
Nope, no words with Hashwallet.
Recovery is actually split into 2 pieces,
when a hashwallet is created.
A recovery key, and a recovery seed.
Of which you need both, to recover the wallet.
The Key is just that, a cryptographic key,
and with hash wallet, you have the option
to store it yourself, or have a custodian
do it for you.
The second part, the seed is also created
upon initiation, and this goes into a separate
recovery card, which you can store separately
from the key.
Beefing up security.
Hashwallet is in the initial product launch
stages, and has an indiegogo campaign live
starting today.
They have campaign backers levels from a single
card, all the way up to retail partner level,
each with their own perks and benefits.
So if this is a hardware wallet, you wanna
see in your wallet, their indiegogo campaign,
and website is down in the description.
So back to overshoot and collapse...well this
is actually a scientific mode, and its effects
are found throughout nature, from species
all the way down to microorganisms and cells.
It’s when population and consumption of
resources, reaches a critical limit and eventually
the population boom collapses.
I have dug deep into this concept before,
in a video, titled Bitcoin will bring on the
great wealth transfer, by 2021...you should
check it out, after this video…. it’s
in the description, of course.
Now, a depletion of resources by a blood sucking
organism, and the resulting apocalypse happens
hourly in the microorganism world, daily in
the insect world, yearly in the mammal world,
and every so 500 to 1000 years with humans.
The fall of the Roman Empire, and the equally
(if not more) advanced Han dynasty, Mauryan
empire, and Gupta Empires, as well as so many
advanced Mesopotamian Empires, are all testimony
to the fact that advanced, sophisticated,
complex, and creative civilizations can be
both fragile and impermanent.
We are not immune, because just like the societies
before, the rich and elite broke another rule.
The 80/20 rule.
This says that once 20 percent of a population,
begin consuming 80 percent of the resources,
while 80 percent of the population, is consuming
only 20 percent of the resources...something
big happens, to bring it back into equilibrium.
War, Famine, or Disease plague a civilization,
usually resulting in a complete collapse of
empires.
And we are seeing that locally here in the
United States, as well as globally.
The top 1 percent in the US now own over 40
percent of the wealth aka resources, while
the bottom 90 just own now less than 20 percent.
The elite, lizard people obviously have taken
too much of the pie we call wealth.
Using pie cut up into 100 pieces, let’s
just look at what Ideal pie distribution would
be if the greedy elite gave a rats bungholio…..top
20 percent get 32 pieces of pie, second 20
percent 22 slices of pie, middle 20 percent
21 slices of pie, fourth 13 percent, and the
bottom 20 percent would get 11 slices.
Well with wealth distribution in America,
right now...the wealthy get 90 slices of pie.
Second 20 percent just 8 slices, middle 20
percent 2 slices, fourth 0 slices, and the
bottom 20 percent get a negative 1 slice of
pie.
We are out of balance, we are on the edge
of overshoot and collapse.
And, if you didn’t realize, the stimulus
that was passed, just pushed this inequality
to a level that will push us over the edge.
Will it be war, will it be famine, will it
be disease?
I’d watch out for all 3.
Cheers I’ll see you next time!
