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well welcome extra one to another exciting episode of this week in crypto currency i am your host crypto jet now i know you're thinking crypto yet i normally you get these using on
sunday it's now tuesday or what the heck happened and is say i do
having a good reason i am actually working on a second youtube channel it's not related to scribble grants each related to another topic
i like and i was just to get a mile up and running so
so i would spend most of my time on that and last week but now we're all kind of so i'm going to have a
a lot more crypto grassy of videos this week my other channel isn't done at this point but once it is finished
i'll go ahead and share that with use if anyone on this child would like to take a look at it you can but again it will be about a different topic not about crypto
[UM] and putting the to science going looking cripple currency if i had done this video on some ate the prices were down quite a bit they've sense recovered a little bit so i guess it is a little good
i decided to do this video today market cat was currently and two hundred and seventy five billion dollars becomes prices seven thousand three hundred and thirty
one dollars and the time of foaming now a lot of people thought we could potentially
the double bottom back in effect worry bit coins got down to about six thousand and over the weekend it got down to about
six thousand four hundred i believe didn't quite get to six thousand by got pretty low and six thousand seems to be a pretty secure
the bottom at this point it's gotten close to it a couple of times now and it has a gonna below that there's some people think it could go below the brits seems to be the bottom
at this point i think again i'm talking about the several time it's going to take some time to recover what we saw in december was not there was december was definitely a bottle
those tons of people getting in spending money they didn't have credit card pains to buy a cryptic currency really didn't know anything about for a currency at all they just or they were going to get rich they were going to be a
big enough money to buy a lamborghini and like three
there's just wasn't sustainable going from ten thousand bit going to twenty thousand and three weeks that is not something that we could sustain so of course there was obviously going to be a pulled back at the time you know everyone
this kind of blindsided myself included you just saw your report fully you go up every
a single day so you just kind of look at the other way but now looking back into thousand twenty to wonder very high and said i think it's very easy to see that that just
now that clearly you know at least like november in december i was clearly a bubble and that has burst
and again i'm very bullish on the critic runs the long term so of course i do believe we're wind recover it's just going to take some time to get over
something like that so it's go ahead and look at some of the tough stories for this week and the first story is a bit main releases
fash a sick miners so chinese tech giant bit main announced that they're releasing eat fascism her according to a tweet april third
in the tweet bateman between says that the at mind
every three is the world's most powerful and efficient eat basic minor big humans
we'll retail for eight hundred dollars each and according to a tweet are not available in china nor can maybe shipped to hong kong to make our taiwan
borders are limited to one per person but mean only except between cash and us dollar for payments in this first actually
units now i'm talking about a bit mean in the past i am definitely not a fan of it may not all you couldn't watched my past of video about how big me
released miners for the money row algorithms that of hands up in my head but the algorithm from a narrow it released liners specifically for that in the narrow decided to for their clients so basically anyone
but those miners were just buying huge paperweight city
it doesn't care about god that creates it all there just here to make a ton of money they pretty much ruined between mining
this this points very centralized it's very unfortunate they were trying to do that with other currencies and secretly they were used
seeing these miners to my money arrow and probably searing
as well in secret for several months and now that
the main reform they go ahead and trying to release is so they can try and get some more money and these a six before they become useless
now there's talk even along the theory i'm of these other thing that here and community considers hard for to fight test miners so the store
very came out recently and now but me is trying to get these eat fish miners out there hey you know by these before they are useless i would not invest me these
but the a theory i'm their calling potentially for get these are and even if they don't forget
sharing is going to be switching over to proof
of steak at some point and once it's which is to prove of steak you can
my three ring but also then they'll be useless at that point but that's going to becoming down the road but these shipped until july so
i really not a famous centralized mining unknown fan of a sick miners
for mining crypto can see i believe that it needs to be decentralized in the hands of cheap
you can you miners so that the
you know the common man has a say in how the crypto work.