Will ETH 2.0 Fail to Launch? (Price Pullback?) - Last Week Crypto - YouTube

What. a. Week. I mean I think Something like 99.9%  

of people who have ever bought  bitcoin are in profit right now!

Hello, I’m Crypto Casey, and welcome  to another episode of Last Week Crypto.

Every Sunday, we review the performance of  the largest cryptocurrencies, top gainers,  

as well as the latest global news stories  affecting the crypto markets this past week.

This week we will discuss some more  endlessly bullish bitcoin news,  

how Ethereum 2.0 is almost here and  its potentially affects on the price,  

and how massive government incompetence  continues to wreak havoc on our society.

To check out the links to all of the articles we  discuss, go to CryptoCasey.com/Last-Week-Crypto.

This week’s episode is  brought to you by Crypto.com,  

an exchange with over 55  different cryptocurrencies.

On Crypto.com’s mobile app, you can buy crypto  with bank transfers, credit, debit cards,  

or crypto at true cost with no markups. Crypto.com also has a desktop exchange  

that is solely for crypto-to-crypto trading,  which isn’t available in the US quite yet.

If you use the link below to sign up  for Crypto.com, you will receive $25  

worth of cryptocurrency for free when  you use the referral code “CryptoCasey,”  

all while supporting the channel.

It’s so important to have relationships  with multiple exchanges in this bull market.

Many times, exchanges have to hold funds,  

freeze transactions, and lock accounts when  they are overloaded with increased demand.

So check out my list of recommended exchanges  below to sign up, so you have multiple options to  

trade when the crypto market really starts to take  off, which it seems to have done a bit this week.

Also, every Wednesday I conduct a weekly AMA or  an “Ask Me Anything” at Instagram.com/CryptoCasey.

So use the link to my one and  only official Instagram account  

listed in the description area to follow me  and ask me anything you want, every Wednesday.

And one more piece of exciting news, I  will be starting to livestream content  

on my Twitch.TV/CryptoCasey account. So pop over  there to subscribe for some weekly live content.

We will be doing a Crypto Today broadcast  where we discuss market movements  

and news that happened over the last 24 hours.

We will be doing a Gin & Gems broadcast,  where I review altcoin projects live over  

a cocktail to determine which projects  are gems and which projects are junk.

And finally, we will be doing some live gaming  

just for fun to hang out. So use the link  to my Twitch account to subscribe now.

Awesome. Last Week Crypto, execute -

Looking at the top cryptocurrencies by market  cap over the past week, Bitcoin up 14.2%,  

Eth finally waking up 13.2%, XRP, my god, up  a staggering 53.1%, and Chainlink up 16.8%.

Nice.

Looking at the top gainers this week: Sushi up  63.5%, Waves up 54.3%, XRP top market cap and  

top gainer up 53.1% like I said before, and  yearn.finance making a come back up 43.3%.

So, we’ve had incredible performance in the  crypto markets this week. Take note that:

Bulls make money, pigs make money, but  bears will be slaughtered #ALTSEASON2020

Where all the bears at? Ya’ll better  watch out, because the bulls are in town.

Savage Sven Henrich depicts the life of short  sellers since March 23rd, 2020 in this tweet

Oof. Ohhh man. That’s gotta hurt.

I think it’s safe to say we are officially  at the beginning of a bull market cycle as,

Bitcoin is surging in 2020 and nearing  its all time high — here's why:

Increasing institutional adoption

Third bitcoin ‘Halving’ happened in May - if you  want to learn more about the “halving” event,  

check out my video guide about  it by clicking on the link above

Wall Street figures soften their rhetoric

PayPal and Square buy in

Pandemic stimulus

And if you’ve been tuning into to check  out these weekly crypto news videos,  

you were already privy to that information.

Another reason to add to that list from Friday:

Bitcoin soars again after BlackRock  says it could replace gold

BlackRock's chief investment  officer of fixed income,  

Rick Rieder, said in a CNBC interview  that bitcoin is here to stay.

"Do I think it's a durable mechanism that  could take the place of gold to a large extent?  

Yeah, I do, because it's so much more functional  than passing a bar of gold around," Rieder said.

The endorsement from BlackRock, which  manages nearly $8 trillion in assets,  

is the latest sign of validation of bitcoin  from the mainstream financial world.

Awesome. We’ve got more reasons  bitcoin continues to surge:

What Do Mexico’s Second Wealthiest  Billionaire and Arya Stark Have In Common?

Y’all already know: Bitcoin, baby.

Casey, the price of bitcoin is  too high to buy in right now,  

I’m waiting for a pullback… bears might want  to stay in their caves because bulls like

Grayscale added 10,550 bitcoin to their  holdings in the last 24 hours. #stacksats

And bitcoin batman’s Robin:

Ether Trades Above $500 for  the First Time Since July 2018

Casey, the price of ether is  too high to buy in right now,  

I’m waiting for a pullback… well, bears:

ETH could run from $500 to $800 similar  to how $BTC ran from $14K to $18K.

It’s possible, but let’s passify some  bears with a bearish possibility,  

because, if you’ve been watching  my videos you know that the:

Ethereum 2.0 rollout will take about  2 years – Negative impact on price?

In a recent Ask-Me-Anything session on Reddit,  

Vitalik Buterin states that in his opinion  the Beacon Chain will start on December 1st,

but the rollout of Eth 2.0  

is an ongoing process that will keep  Ethereum busy for the next two years.

He also pointed out that this does not  mean a delay or delay in any way for the  

components of Eth 2.0, but is part of the  whole migration from Eth 1.0 to Eth 2.0.

So, I think there are a lot of people that  assume once ETH 2.0 officially launches,  

there will be some easily,  distinguishable magical moment,  

like a discernable change or climax  following, but there really won’t be.

It will launch and then for the next few years,  development of ETH 2.0 will continue. So sure,  

we could see a flop in price  following ETH 2 launch hype.

By the way, is the status of the launch?

Launch of Ethereum 2.0 threatens to fail,  only 18.7% allocated in the deposit contract

The deposit contract for phase 0 of Ethereum 2.0  

only contains 98,304 ETH of the  required 524,288 ETH (18.75%).

So will enough Ether be staked  in time before November 24th?  

I’m not going to lie, I’m a bit  bearish on that outlook right now.

Today at the time of this recording on  November 21st, we are only at about 38%.

However, in the past two days alone we have seen  a major spike in the amount of ether being staked,  

with about 52,000 eth staked the 20th.

My guess is that not enough ETH will be staked  in time for a December 1st launch. We shall see  

though, I’ve been wrong before and crypto is full,  absolutely teeming with surprises, good and bad.

If we have a failure to launch, we could see a  price pullback with more buying opportunities.  

But if we manage to secure enough ETH to launch,  I expect a sharper, faster price increase.

Either way, the best strategy when  investing in the crypto market  

is dollar cost averaging, where  you buy a set amount of crypto  

at a set frequency, like $25 per week  for example, regardless of the price.

Don’t try to time the crypto markets guys. You  will inevitably lose. It’s literally gambling.

And as the value of cryptocurrencies increase,  you need to make sure you are migrating your  

cryptocurrency off of exchanges and  onto a cold storage hardware wallet.

The best time to get a cold storage  hardware wallet was yesterday,  

the next best time is today, so scroll  down to the description area below to  

access the correct and official sites  of my recommended hardware wallets.

BC Vault is my personal favorite, another  option is the Ledger Nano backup pack.  

So scroll down, and check them out.

Awesome. Well, it’s getting to the  point where it’s almost reckless  

to not diversify into bitcoin  to protect yourself because:

We’re working really hard as a species to  make every disaster movie plot come true.

I mean come on guys, let’s  be honest with ourselves:

This is the civilization we have created. That’s the best we can do. 

Now take us to your leader.

Well, there’s no denying that our current  leadership is a woefully incompetent government.

Look at what the Fed has unleashed. A junk market.

I saw on my Bloomberg today that we are up to 20%  

of publicly-listed companies labeled as  "zombies". Defunct without government support.

And these stocks are up 16%  

month-to-date and 2x what strong balance sheet  firms have done! A junk rally in the making.

Nice, good job, Feds. You’re killin’ it because:

Nothing sets up an economy  better for future innovation,  

growth and efficiency than junking it up with  zombie companies, bloating it with debt and

inducing a historic asset bubble producing hyper  

wealth inequality. We are from the US  Federal Reserve and we’re here to help.

Thanks for the help, very much  appreciated. Thanks to all of that help:

Inflation May Be About to Pick Up Sharply

Lovely. You need to hedge against a  hyperinflating dollar, and bitcoin is an option.

You also need to protect your  ability to generate income  

and there are a ton of opportunities  currently available in the cryptocurrency  

and blockchain tech space, and the opportunities  will continue to exponentially increase.

This bull run will be a massive job  creation event for the Bitcoin economy.

If you are interested in learning how  to become a developer in the industry  

or learn more about the advanced technical  concepts of blockchain technology, the best  

and pretty much only resource available  to my knowledge is Ivan on Tech’s academy.

Now is a good time to start considering  ditching your job for a fulfilling mission  

to fix money. Join forces with Savage  Sven Henrich, Northman Trader who tweets:

“I could just shut up and focus  on trading and technicals. 

And many do and I guess that's fine. However, I see a global financial system that's  

horrifically broken & it's tearing society apart. So no, I won't shut up & I'll keep pointing out  

realities others won't. Someone has to.”

Things won't change until the architects of these  policies that contribute so much to these issues  

are confronted with the results of their policies. Unfortunately they are not and the media  

keeps treating them with soft gloves & the  people are voiceless with no say. It's sad.

But if we can change finance for the better,  we can change the world for the better.  

And I believe that it’s possible  and we can do it, and we will,  

because we are right now by educating  ourselves about the new opportunities  

afforded to us by innovation in technology,  taking advantage of these opportunities,  

and sharing the bitcoin gospel with other  people to drive adoption, hopefully.

If you’re not telling your friends, family,  and loved ones about bitcoin: start. right now.

Because I know my fellow Americans  don’t want to be listening to some  

crazy political garbage your uncle  is touting at the thanksgiving table.

I challenge you to change the subject to crypto.

Well that was last week  crypto, with me Crypto Casey.

If you enjoyed the episode, please  make sure to like this video and  

subscribe to my channel for more crypto content.

To check out the links to all of the articles we  discussed, go to CryptoCasey.com/Last-Week-Crypto.

So do you guys think enough ETH will get  staked for a December 1st 2.0 launch?

Will bitcoin finally reach  all-time highs this week?

Do you accept your mission to  bring up bitcoin at Thanksgiving?

Let me know in the comments below.

Be safe out there.