Cryptocurrency that started as a joke. A positively dogged rise. Robert tell us about dashcoin this story. It's okay! There's a lot going on.

What's up my people welcome back to another video glad to see all your beautiful faces again, even though i can't see anyone, because you know this is youtube and i'm looking at a looking at a camera. Re redo this intro. So for this video we're gon na first start by analyzing the current crypto market price, like usual, we'll then talk about doge and towards the end i'll, give you my recommendations on some alternative cryptocurrencies that i believe you can make a lot of money from especially compared To the risk that we're seeing with doge now before, we begin like the usual go ahead and gently pet, that, like button down below so youtube, recommends more awesome. Crypto content just like this, if you have not yet subscribed because an overwhelmingly large majority of my followers have still not subscribed but are watching these videos make sure that you guys go ahead and do that because i can see who comments on my videos, but don't Have a subscription turned on there's like a little red thing that comes up on your name.

I can just see all right, so if you want to have a better chance of me, responding to your comments and seeing them, it definitely helps when i see a little red thing, a little red icon near it. So i know that you're also subscribed make sure you knock that out the way, so one last thing we'll also be having our first live. Group zoom meeting call for my inner circle, members of the patreon first link down below. We will be cutting off future applications for this account once we cap out at our member limit, so join the crew.

If you'd love to see my entire crypto portfolio, get access to my research and watch list and join an awesome community now guys with all that being said, let's hop into the computer all right, ladies and gentlemen, the market is looking beautiful today, so the global crypto Market cap is at 2.36 trillion dollars and a 5.6 increase over the last day, so bitcoin's dominance is currently at 45 or a decrease of 0.11 over the day. Every day we're seeing the dominance go down, which is good oftentimes. When you see the color red, you think, oh it's bad! It's negative! We don't want that, but in this instance, if you want to see explosions and other alternative cryptocurrencies, that is just not a bitcoin, then you would want to see the dominance continue to increase. Thus propelling the seasons of what we know as the altcoin season, so guys here we are bitcoin - is currently at fifty six thousand eight hundred and ninety dollars up 4.61 for the week and 4.16 since yesterday, ethereum right here still up 26 for the week, is up 2, since yesterday, at 3, 47.

beautiful beautiful numbers right here - and here we are with dogecoin at 61 cents or 103 percent in the last seven days or 13 increase in the last 24 hours. So if i continue to scroll down you'll notice that we have some pretty unexpected uh good growth that we're seeing so bitcoin cash surprisingly is up to 38, we have litecoin that is up 11 for the day. Surprisingly enough chain link man - i was talking about this in yesterday's video, but we were getting super close to the all-time high guys. I see 50 dollars coming very very soon now ethereum classic this has been absolutely killer.

So, let's compare ethereum classic right now. 181 increase in the past week or 41 in the past 24 hours. Dogecoin is at a 100 increase or 15. So here's the thing folks, i'm gon na reiterate this multiple times in this video, but people are talking about dogecoin like it's, the next amc or gme short squeeze, and this is really gon na go to the moon.

If we go ahead and see dogecoin hit a dollar or even more than that say a dollar 25 cents, we could still see the possibility of other cryptocurrencies that are getting much higher rewards without that risk. So we'll talk about that risk because a lot of youtubers a lot of news outlets, no one is talking about the actual risk and danger that comes with dogecoin. So we'll share with you guys. All of that.

So you do know what you are prepared about. But it's crazy right now, ethereum classic up 181 for the week comment down below, if you guys did, invest into ethereum classic and let me know what your reason for that is and why, because i am still not 100 sure why ethereum classic is bumping up this Much so my last few videos, i've been mentioning how this week is going to be extremely important for cryptocurrency. We did have a pullback on monday, tuesday and wednesday have been green. It's been looking good.

I am so so excited for what we're gon na see in the market on thursday and friday, but it seems like we haven't, been getting a break and there's been a lot of exciting news happening every single day, so we only have to see what's gon na Happen until saturday, because that's gon na be the big day where elon musk does host the saturday night live show, and this is where a large majority of investors, who don't even know a single thing about cryptocurrency, is going to be watching that, in order to figure Out what they are going to do with dogecoin all right so folks, this is where it gets interesting. So, with the research i've done, i discovered that there's one address that holds 28 of all dogecoin in existence for the dogecoin market. We would consider this guy the one address holder, i would say, a blue whale versus, maybe a narwhal, a humpback or even a sperm whale, these other whales. Just don't compare to this one guy who holds this many dogecoin now, underneath that blue whale we have 12 accounts that hold 67 of dogecoin supply and a total of 680 accounts that hold 80 percent of the doge supply.

This is not good news, because this means, whenever any one of these whales decide to dump their investment. Many new investors can be left holding the bag. Whoever these guys are. They aren't investing into doge because of some groundbreaking technology.

It's more than likely they've invested into doge to make an enormous amount of money and a return on their investment, and if the price of doge continues to go up from the 20 of people investing every day, we could be filling the pockets of some of these Whales now i would be very confident in doge if the large majority of coins were not held by just 700 addresses now. Here's. What i believe is the best play for doge. Okay, if you're invested into this at least get your initial investment out and if you're up a significant amount from your average cost, i would definitely consider taking at least half those profits off the table after amc after gme and all the market, manipulation and the control Of the one percent that we saw, i can tell you that manipulation is real if everyone expects the price to go up and reach its peak by saturday.

This could be the day where the massive sell-off begins, not through retail investors like you and me, but through all these whales that are holding that large majority of this cryptocurrency doge is a naturally inflationary currency, unlike most popular cryptocurrencies like bitcoin, where it's deflationary by nature. This means that the increasing price of doge is strictly coming from the fomo factor and the likelihood that people are just investing, so they can also make more money. The harsh reality is this: not everyone's gon na make money people will have to lose money in order for others to gain in a perfect world. It would be great if we were all winners, but that's just not the case.

If we somehow put every doge investor in a single room, we would have to assume that at least half that room would make a profit and the other half would lose their initial investment now guys. I really can't predict where this coin will be in a year from now, but if you did enter this trade to make a quick buck pay attention very closely to this part of the video through my non-financial advice. Dogecoin is not a recommended investment at all. Do not fomo this trade and understand that you are gambling your money in order to make additional amounts back when you realize that we're gon na see plenty of more opportunities in the future and dogecoin is really not the only surefire way for you to achieve a Financial freedom, especially especially through crypto, there's so many more things that you can do so here are three different options that you have if you are invested into doge, or you see that this is an opportunity and you still don't want to miss out on it.

But you want to figure out what you can do next, so one for anyone who has been invested in doge and you already are net positive on your investment. Consider averaging out forget the fomo or whatever happens to the price of doge. This will make sure that you still take a profit and you reduce the risk of losing out on your entire investment. I know that this is not the most fun choice but, financially speaking, it is the smartest and, i believe, having the ability to take your emotions out and control.

Your level of greed will give you much better characteristics of a well-trained, long-term, successful investor. Now i am an investor with doge. If you guys are following my channel, you guys know that i do have positions in it. I invested about maybe less than a year ago i had 100 or 200 bucks in there, which is now well over a thousand dollars.

I think it's about two thousand dollars now and i also have recently entered a new position off a swing trade that i'm aiming at, which i'm also doubled my money in, even though i am so bullish in these categories and honestly, it may benefit me more just Because i invested so early on in order to tell a mass majority of people - hey just invest just invest. I seriously want to look out for my viewers. If you guys are watching this channel, i don't want any of you guys to lose out on your money and to think that cryptocurrency is just it's just not going to work for you. The biggest lesson is this: stay self-disciplined.

Try to ignore the channels that are just like pumping and going crazy about dogecoin, which really has no rhyme or reason to go up when we're doing the amc and gme live streams on this channel. For any of my older og viewers, you know that there was actually a rhyme or reason this is people coming together to take down larger institutions that have overly leveraged themselves, in short positions due to greed. So you know this is different. Doge, like i mentioned earlier this year, is really just a civil war between the people you're, making money off brethren's and cisterns who have invested into this cause all while overlooking this entire war, and this battlefield, you have the whales just staring at you guys, like hahaha Whatever's, going on, like y'all, are still filling up their pockets, because i can almost assure you that they've been in these positions way before there was any type of social hype, knowing that some of these situations may happen in the future now.

The second option you have is to keep your eyes on the altcoin market. I'm gon na say this time and time again, i've been reading multiple claims that dogecoin is effectively an altcoin season indicator, and this is the reason why all right. So if you guys look at your screen right here, you'll notice, the blue line and the orange lines. The orange line is the total altcoin market cap.

The blue line is dogecoin, so when we saw dogecoin go up 70 in less than 36 hours, we then saw the altcoin market starting to move just a few weeks later. Here's another example: so earlier this year in 2021, when we saw dogecoin initially start going up, the blue line right here follow along. It went up 182. We then started to see the altcoin market following along and almost reaching the percentage gains that we saw with doge.

So, with these examples being told, i have to clarify that correlation really does not mean causation, but if we do take a look at some of the trends that we've seen, especially with the rally with dogecoin, it really does make a lot of sense that many more Individuals who hear about dogecoin then learn more about cryptocurrency, and really this results into more money flowing from the top of the funnel, which i see being dogecoin into other cryptocurrencies, which have been really propelling this market forward. Now three coins - i'm looking at if you are getting fomo from dogecoin, is cardano uniswap and cosmos. I've made in-depth videos talking about these cryptocurrencies in my top crypto pick videos so make sure you go ahead and watch those after finishing this, so you know exactly the reason why i decided to invest my money into those all coins and why i believe that they Will have a much higher reward without all the necessary risk. Now choice.

Number two is this: if you want to take full advantage of the dogecoin trading volume and activity, what you can consider is mining dogecoin, all right guys, so listen up when there's a gold rush happening. You don't want to be digging with everyone else. Instead. Consider selling the shovel, or in this case, when there's a doge rush happening, don't just uh and yolo your entire life savings into this hoping it's gon na hit.

One dollar based on an snl show about to come up. Dogecoin mining is actually a very lucrative business that i wanted to share about in this video, so listen up. This is going to blow your mind. Dogecoin miner revenues is up 4500 this year and that equates to over three million dollars in a single week.

So if you don't know what a doge miner is, it's really simple, let me explain it here so because cryptocurrency is considered peer-to-peer digital currency, the decentralized aspect requires a transaction fee. You pay to get transfer to another person instead of a bank or another financial institution. The person who receives the fee is gon na, be the miner and he or she uses powerful computers to solve these complex mathematical equations, to confirm the transaction and receive a reward for completing the transaction. First.

We talked about this in yesterday's video, but this principle really applies to most cryptos. So how does dogecoin compare to other popular cryptocurrencies for mining rewards? Well, dogecoin actually offers the lowest amount compared to litecoin and bitcoin. However, the difficulty in solving these equations is far less. This means mining dogecoin is a lot faster than if you were to mine most other cryptocurrencies and the coolest part is the block.

Reward is actually much higher in comparison with ratio to the work done with bitcoin, litecoin and other cryptos. So how do you, mine, dogecoin and do you need to buy a pickaxe, and you know mine, your computer smash your laptop. What do you got to do brian? So it's actually very easy. All you need is an internet connection and a pc from the research.

I've done you should expect zero issues if you have a standard windows computer. So first things. First, you want to make sure that your computer has decent performance. You don't want to be running like a windows, 95 computer from when you're a kid that software is not going to allow you to win any of these rewards and it can really overheat and cause a lot of issues.

Now, by the off chance say that you're someone who has a brand new - i don't know like a gaming computer, that you got over this pandemic you're one of the people that i would say could really consider mining dogecoin and actually making a profit. Now don't forget that mining crypto can also be unprofitable because of things like electricity costs. So don't think that you will start printing money like jerome powell did you have to realize some people actually lose money after doing the math when it comes to electricity, so i recommend you to at least do your own research and see what the rates for yourself Would be now, if you don't have a gaming computer or a heavy duty setup, you can also consider a cloud mining which allows you to rent computer power from a data center for a monthly fee. Now i personally have not ever done cloud mining before so please make sure that you do do your own due diligence before committing to this now mining dogecoin in 2021 is not going to make you a multi-millionaire by any means, but this can definitely be the inspiration Or spark to anyone who wants to get creative and think farther ahead than just seeing what's presented right in front of us, regardless of what happens with doge, whether it goes to one dollar, ten dollar or even back to one cents.

You have to realize that when a lot of opportunities are being made in the market, you got ta, lift up the rock and see what's hiding underneath there, because it really may unlock something far greater for individuals who are educated in the investing space. Like you watching this video pay attention to what happens in the market in the next few weeks, because we may see the true altcoin season beginning, and that means we'll have hundreds and hundreds of our own little different dogecoins to profit from if you're, watching this video Till the very end make sure you go ahead, comment that secret phrase down for the video and that word is truth check out the links down below in the description where you can also pick up two free stocks with weeble, using my link down below one valued Up to eighteen hundred fifty dollars after you deposit a hundred dollars into the app where you can buy, both crypto and stocks stay protected and keep your internet connection. Secure and private, by using one of the best vpn services in existence surf shark, has agreed to give brian young viewers three months free and 83 off, like the usual link down below in the description. One last thing i mentioned this earlier in the video: if you guys want to be a part of my inner circle and receive my crypto watch list before it's youtube.

My buy and sell alerts alongside weekly group live calls make sure to check out the patreon link down below. We would love for you to join the community there. Like always. Thank you so much again for watching this.

Video don't forget to connect with me over on instagram and twitter, where you can see what i'm up to other than regular crypto news. But if you want more crypto news, you know i got you guys there follow me there. I post memes funny stuff and pictures and videos of my food, the usual. Thank you all so much again for watching.

We got some really fire content lined up this week. I'm trying to get something done with my ledger: i'm trying to do a binance video too, because a lot of you guys are asking for that and one more thing i'm trying to do some more top crypto picks, because guys i'm seeing an opportunity opening up this Week, i'm telling you it's gon na be crazy, so hopefully we end this week. Strong, hopefully you know, dogecoin does hit a dollar because, like i said, i'm still invested in it. I'm a part of this journey and i would definitely love to make a profit but stay strong, stay smart, stay financially disciplined because it's gon na get very muddy real soon, uh saturday, it's gon na be super interesting.

This is some very exciting time. So thank you. Guys so much again for tuning by super happy to have you guys a part of this journey and like always, have a good one and see y'all in the next video peace out.