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URGENT WARNING to ALL Bitcoin, Ethereum, & Cardano Holders in 2021 - YouTube
Channel: BitBoy Crypto
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welcome to bitboy crypto the largest
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crypto channel on all the interwebs
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my name is ben everybody on this channel
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i show you how
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to make money in crypto if
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that is still a thing if you like money
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in crypto
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and you don't like dumps and you don't
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like red candles
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and you don't like yellow x's and you
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don't like elon musk
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make sure to hit that subscribe button
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so close to a million subscribers
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but guys this is an actual emergency
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alert video now there's a real one
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there's a real one i know you see it in
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the title you see it in the thumbnail
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you say not one of these videos again
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but guys we have had some dramatic
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movement on the market i'm sitting at
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home my family
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sun's out guns out you know what i'm
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saying just hanging out
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chilling and all of a sudden i look at
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my portfolio
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and i'm down four million dollars so i
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know i feel your pain
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i feel your pain we're going to talk
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about
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what happened we're going to talk about
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what the implications are
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and then we are going to talk about uh
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what uh
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the future for bitcoin looks like right
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now
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okay so what happened that's right
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yeah boy elon musk if you love him when
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he pumps bitcoin then you better love
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him when he dumps it because he
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dumped it today facing a lot of
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political and social pressure and
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snowflake people i guess they feel like
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they got to appease everybody
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i guess you feel a little more uh
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pressure when you
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live in california i guess you feel a
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little more pressure
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when your whole niche is green energy
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and uh you know saving the planet uh
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from tesla maybe you'll feel a little
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more pressure
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uh because that's the niche that you're
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in
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well i guess you gotta gotta lie in the
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bed that you made
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or make the bed that you like i don't
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know how it goes but the point is elon
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musk came out with a tweet today
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he said tesla will no longer be
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accepting bitcoin basically what he
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implied here is
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is that bitcoin is bad for the
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environment now
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once again if funny enough we are
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actually right now working on a video
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that will be out probably next week
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uh on why this whole entire thing is
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such a farce
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this is such a farce all these hippies
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everything's bad for the environment now
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you know like don't worry about
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the the mining for gold energy don't
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worry about uh you know all of the gas
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that it costs to get in your car and
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drive to the bank
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uh you got to go in for things sometimes
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because it won't let you do everything
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online
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uh don't worry about all that stuff
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let's just focus on bitcoin which takes
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up
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roughly the power of las vegas
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not even a top 50 city in the world
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roughly for all the good stuff
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that bitcoin does this is how the people
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in control
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keep you locked down when you start to
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make progress
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they swatch you down and then they do it
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in the name of whatever the popular
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cause
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right now it's environmentalism okay
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fact is bitcoin overall
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has a positive effect on the environment
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we will be saving that
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for a different video if you were to
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compare
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the energy consumption of bitcoin to
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that of
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ethereum it uses more energy than
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ethereum if you were to compare ethereum
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to cardano
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ethereum uses more energy than cardano
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and you can go on down the list
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and find a lot of comparisons but that's
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not the point
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sorry i hear my bulldog he's over here
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barking because he's mad at elon musk
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too
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okay fact is this has caused such a
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dramatic
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fall in the market that we don't really
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know what's happening right now it
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dropped all the way down to 45
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500 it did almost immediately
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bounce back up above 47
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000 so we had a perfect storm today of
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the inflation news for the us dollar
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which
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ultimately is a net benefit to bitcoin
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okay
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that will be proven the stock market
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crashing
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then on top of that we have elon musk
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dumping the price of bitcoin
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not good guys it's definitely not good
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it's a perfect storm
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which has plunged bitcoin below the
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number i never thought we'd see it below
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again which was 47k
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i would like to point out though it went
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down and then went
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right back up and is now once again
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approaching
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50 000 this is why you don't panic sell
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okay price of bitcoin was at 52 000 just
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a couple of hours ago
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if you would have panic sold at 45 46
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000 it bounced right back to 49
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okay so don't panic sell during these
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times
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you're better off just sitting tight
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this is not the end of the bull market
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however is this the beginning of the end
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for bitcoin is the number one overall
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cryptocurrency
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does seem like political pressure it
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seems like
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society pressure seems like hippie
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pressure
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is pushing bitcoin into the corner but
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if you remember
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the bank of america themselves said the
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number one value of bitcoin is that it
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goes
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up in value and there and and so
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not a lot of transactions have to
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actually be done on the network but we
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do have bitcoin mining
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which is a problem but let me tell you
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this
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bitcoin has the power
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the bitcoin network has the power to
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change the consensus algorithm from
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proof of work
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to proof of stake it would be a
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multi-year
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almost impossible scenario to get
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everyone to agree to do this
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but if the pressure became so great that
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it did
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start dramatically affecting the price
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of bitcoin then we could see that
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but this leads us to other chains
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that are going to get the benefit of
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the electric car loving hippies out
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there
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who think that bitcoin is bad for the
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environment because they're sheeple
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okay uh you just see that headlining you
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believe it
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we are gonna debunk this so hard it's
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unreal you are going to see this next
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week
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michael saylor destroyed someone who
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interviewed him this week
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asking about that question because it is
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asinine
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to believe that the overall net impact
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of bitcoin on the environment is
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negative
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it is insane to believe that so but you
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got
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brainwashed hippie people out there and
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they just believe whatever people tell
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them
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well let me tell you this they will be
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exposed
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this will eventually be exposed but in
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the meantime
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you guys know i do love ethereum i do
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love cardano and i'll tell you something
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i may have some big stuff in the works
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that you guys wouldn't believe
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don't really can't tell you exactly what
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it is right now but something big
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could be on the horizon but the fact is
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other chains
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solana elrond uh
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tezos many of these other chains use far
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less energy
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than bitcoin even far less than a theory
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but ethereum of course is switching over
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to proof of stake
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meaning that once that happens we could
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see
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a gigantic decrease in the amount of
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energy consumption that it uses
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but guys let's just all turn off our
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phones
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because it takes battery chargers which
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you know
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that charger has got to go into a wall
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so do you love the environment do you
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love your country
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guys i i can't believe i've got this
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light on right now
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this light is on right now it's
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unbelievable how selfish i
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am to believe in lights for my home
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the whole thing is infuriating to me it
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makes me uh really want to
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uh you know have some choice words for
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elon musk
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right now he has just caved
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to pressure which i wouldn't think
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is what he should be doing there's a lot
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of hard-working people out there that
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don't buy into this craziness um
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and i think that over time the
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narrative will switch on this but in the
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short term what are we looking for
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bitcoin now of course if you want a long
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or short
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bitcoin if you think this is positive or
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negative news you guys head on over to
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bit with krypto.com
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deals we got an incredible deal for
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femax that's a two thousand dollar
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deposit bonus it's not on the website
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but when you click
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the vmx link it'll take you to their
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site uh also by that 1610
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signup bonus you can't lose with that
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bonus well you could lose a trade but
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it's a big bonus that's the point
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a lot of people are trading right now i
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think we're gonna see the volume coming
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in extremely high
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tomorrow i told you guys earlier if you
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watched the stream the live stream from
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this morning
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i was ready to go long and then what did
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i say
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i said ooh actually somebody in the chat
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pointed out
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blood diamond on the four hour chart so
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we saw the blood diamond on the border
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chart and said
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let's take that back that's not long
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right now let's wait
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for a good entry and
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you know sometimes you just wonder where
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that bottom is but i think we've hit it
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i think we'll be back over 50
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uh but getting that climb back but the
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overall news today of the inflation
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in the the stock market crash that's
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actually bullish
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bearish in the short term but bitcoin
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solves the inflation problem
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it is a limited supply so for that
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reason i think
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ultimately this could take us on the
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next leg
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up we don't think there's no data out
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there indicating we are at the top of
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the market you guys need to know that
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don't be scared off right now huddle
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be safe watch your boy bit boy crypto
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i'm going to give you all the news that
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you need to know
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even when i'm sitting at home with my
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family sometimes i got to get on here
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and talk
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to my digital family that is you guys
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the bit squad
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i love you guys so much huddle don't get
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scared
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that's all i got be blessed big boy out
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