Gadgetory

so on the previous cryptocurrency video I made I did an experiment for six months and it was very successful now the reason for this experiment was because about four years ago I spoke out against Bitcoin and in hindsight I was wrong it wasn't a fad it is blockchain technology and it's real it's the future I believe for crypto currencies or at least digital currencies in a digital age and I think a lot of people watch that video with an open mind and they wanted to hear more about cryptocurrency so today we're gonna talk about future trends that I see going on with the cryptocurrency market welcome back to tech yes City this is Bryant and the first thing we'll get off is the Warren Buffett prediction now Warren Buffett did come in and say that he thinks crypto currencies are going to crash I couldn't say almost was certainty that that they will come to a bad ending now and then immediately after that they did crash quite a bit some crypto currencies or at least some old coins sorry drop in about 50% and now people said Warren Buffett doesn't understand blockchain technology and him himself did admit that he doesn't actually understand the technology I I get in enough trouble with things I think I know something about why in the world should I take a longer short position or something I don't know anything about so and so what Warren Buffett does understand however and I followed him for quite some time is that he does understand the people behind the blockchain investment humans and he has studied market behavior so he sort of sees the lines he sees the demand the supply he can read that with the humans and the market behavior so he is very smart with that regard of course maybe his words did predict that slump I don't know the crypto currencies one thing for sure is like I said in the intro it's not a fad blockchain technology is real for instance let's give you some examples of why blockchain technology is really good banks can utilize these crypto currencies and they no longer have to have as many servers to confirm transactions because the transactions are confirmed on the network via all the people either were proof of stake or proof of work as well as being practically bulletproof when it comes to the actual security of the crypto currencies themselves they're 256 bit encryption and any technology that we know today even future technology could not break this encryption so blockchain itself is a fantastic technology that is proving its merits now of course in the real world where can we apply this to normal people using cryptocurrencies well if you get a card for instance and you have that cryptocurrency you can go anywhere in the world and use that and change it from your fiat currencies into that cryptocurrency so you can immediately have access to your money not only that if it's a fully private cryptocurrency you can have no one knowing what you're spending and what you're doing with that money so it does protect the consumer who doesn't want to let people know what they're using their money for of course that is a double-edged sword people can use that for nuf various purposes of course there are many many other benefits to cryptocurrencies themselves what we're going to talk about now is trends in the market what is going to happen with crypto currencies and what I believe is going to happen is we're gonna start seeing a consolidation in this cryptocurrency field sure a lot of new money's coming in but it just doesn't keep coming in it can't keep coming in when market penetration reaches its full capacity of course how many more people are going to enter the market remains to be seen we have definitely seen a big influx of people wanting to come into the market itself and so with that you'll see it cut sort of plateau over the next year maybe but with that as well you also see that there's emergence of so many different altcoins as well a lot of these in my opinion will be losers however some of these in the long run especially will be big winners now which ones will be the big one is I'm not too sure this video is not meant to be investment advice and also with that anything I say in this video too is my own opinion I don't want you guys going out and investing in crypto currencies and then blaming me for it okay because with investments anything you do is at your own risk just keep that in mind I would only suggest investing with money that you can afford to lose if you can't afford to lose that money then don't simply invest it you do have the risk of losing that money just as much as you could up the benefit of gaining that money too so I believe in the next year we will see a big shake-up with different coins which ones will be the winners and also another trend that I see happening as well is Bitcoin just becoming mainly a commodity currency and also on top of that this is a pretty outlandish prediction but I do see in the very long run as theorem overtaking Bitcoin it's definitely gaining a lot more traction from the normal person and especially the people that I speak into the streets they all love a theorem they don't really like Bitcoin that's a trend that I see continuing and if that continues enough then a theorem will overtake Bitcoin in the future as being the top dog in terms of cryptocurrency money before we get on with the opinions and the predictions this video is brought to you by high-low high-low net offer a service where you can train binary options there's up to 50 assets available you can trade gold you can trade USD Japanese yen or the euro and you can predict whether that's going to go simply up or down in the next time period and if you're right you win of course if you lose you lose now there's industry high powers up to 200% on your initial investment quickly and securely and you can not only trade on your desktop but you can also trade on iOS and Android on your smartphone they're also a trusted regulated brand and holds that Australian 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going to come in place and stop people from using cryptocurrencies entirely and I do disagree with this I don't think governments are going to go too hard on this especially if they're making money back in taxes but also on that note big banks are moving into cryptocurrency they are investing in the technology heavily and call it a bit of a grapevine rumor but the big banks usually nowadays control government they do invest a lot of money into campaigns and with that they have a very big influence on the market itself and the regulations that are set in place pretty much in Australia banks get away with anything especially the big four so do I see crypto currencies being banned completely not really actually see them getting better as well if the big banks offer their own exchange services which are trusted and they move into the cryptocurrency market then I see that being a catalyst actually for the crypto market itself and that will help expand it help it be actively traded now of course speculative investors out there people want to know is this just a Ponzi scheme and the answer is no of course blockchain technology is real there's actually a thing called block daggers which is meant to be the future and an additional update on top of blockchain so that's actually something that's coming in and it's meant to be even more efficient than the blockchain structure itself so what we've got here is new technologies that are coming into place and they are being very heavily backed by a lot of people but is it of course in a bubble and the answer is I honestly don't know I think it's been overdone a bit too much in the last few months so that's why I think we'll see a contested Asian phase but as also if we compare it to the dot-com crash what came out of the dot-com crash was there was just way too money going into our websites that were useless and even at that time people were like okay the Internet's never really gonna take off there were the naysayers here we are with you know years and years later with youtube.com/ a platform delivering you guys content so the Internet has proven itself calm has proven itself it was just over done at the time and there were even back in those days a lot of winners Google Amazon eBay they were big winners that saw a massive crash in the.com bubble but when it comes down to if you want to invest in cryptocurrency pick out what you believe are the winners I'm not gonna tell you guys in this video what I think is gonna go to the sky and back because that's just a personal bias what I've researched and what I think is gonna go in the future and be successful is my own opinion if you guys want to invest in cryptocurrencies listen to your heart trust you've got because you got instinct is gonna be the one that's winning in general in the end that's what I found in past history with investments when I've trusted my gut I've always made money when I listen to someone else or at least especially a news article I've always lost money so I'm not gonna identify which picks I think are the best which ones going into the future are gonna be like the winners all the losers but in today's video I did identify some trends that I do see continuing on in the market itself of course with that I do see a few winners in the market if you guys have followed me over the past six months you'll know which cryptocurrency I'm heavily invested into and which one I'm mining because that's the one that I believe in anyway guys another thing I will stress if you are getting into cryptocurrency or you have been in the cryptocurrency make sure you be proactive your security make sure you're using two-factor authentication that's where you have your password on your computer but you also get a code sent to your smartphone even that's just a double protection layer there to stop hackers getting into it and stealing your money but also there is another option for your wallet of course if someone gets onto your computer and steals your wallet they now have all your cryptocurrency or your money that you've invested into cryptocurrency so make sure that you get yourself the right protection here I've got a device from disk assure those are the device that you can either get in a USB key stick which is perfect for a small wallet.dat file or you can get in larger files if you want to encrypt other files as well sensitive documents files or movies and of course it is a little bit expensive especially over a standard SSD this is one terabyte models coming in at 375 dollars or the 500 gigabyte model which i think is perfect for most people is coming in at two hundred and forty five dollars now you get on the fly 256 bit encryption that is tied to a pin code that you store on the device itself it isn't that big of an ask first just buying an SSD now another thing about this is it does have an epoxy coating and it is extremely durable I've been bashing the buttons and they're just holding up fine you can enter a 7 to 15 digit long key that will let the user access the disk contents there are indicator LED lights red for locked green for unlocked and blue for admin mode the device itself weighs in at about 226 grams measures 124 milling 84 millimeters wide and 20 millimeters thick the enclosure itself does add a bit of mass compared to a standard 2.5 inch SSD and the included cable is about 90 millimeters long so it is quite short though it does talk into the device itself for easy portability and it will hang around quite firmly without cutting out though this does depend on the rigidity of the port it is being plugged into of course what about someone just breaking into this drive via brute force and just opening it up and trying to steal a disk contents without a key involved well it does have brute force protection so if someone tries to open it up it will render the device completely useless so if you are buying this device and you do think you are in jeopardy of being hacked or you've got someone sort of saucing out your house you might want to get two of these and hold your wallet data file across two different devices now if someone does also try to enter the pin code up to 15 times wrong then the device will also be rendered completely useless - it is water-resistant though it's not dunk proof so don't try to throw this thing in the pool expected to work again though if you are outside some sprinkling rain then it should be okay there's also an included carry case and it is a cross platform that is formatted to NTFS out of the box so will work fine for Linux Android and Windows users though Mac users may need an additional tool to perform writes and I don't use Mac at all and I don't know any cryptocurrency - they do so who cares the inner self is also plug and play and you get an instruction manual to set your pin code immediately to the pin code of your choosing the drive itself also auto locks if it's pulled out while it's unlocked and this will happen you can set this to auto locking feature between five and ninety minutes and you can also hit the lock button at any time and all virtually cut the device out even if it's plugged in too so it does have that super fail-safe option now of course with the crypto currencies and the wallets on your computer make sure you be proactive with the protection of those set wallets another thing you can do and something that's been recommended by people in the community is make separate wallets one for your mining graphics cards send that to the wallet and then send it to a base location while it sits on a laptop that regularly gets connected off the grid off your network so if someone does hack you and they try to get to that main laptop they're not going to get access because it's just simply not plugged into the internet anyway guys hope you enjoyed today's video about trends if you guys have trends of your own things you think about crypto currency things that are gonna happen or things that may have happened that have impacted you I love reading your comments as always love hearing your stories love sharing thoughts and opinions in that comment section below also hit that like button and of course don't forget to check out the high/low campaign it's completely free to sign up you also get a $50 cash back and an additional $50 if you're one of the first 50 people to use the link in the description below so big thank you for them for sponsoring another video and also Disqus sure they sent out this device as well for a review so big thank you to them as well I believe both these services kind of tie well into the video with crypto currencies and of course the money that I do get from these sponsorships do go back into the channel and help me live and eat as much as cryptocurrency does as well so anyway guys I'll catch you guys in another tech video very soon peace out for now bye