Hey what’s up guys in this video. I’m gonna go over my #1 2018 crypto currency pick. This is a long term pick. So don’t expect this to go shooting to the roof right when you buy it today. I know a lot of people thought. I was crazy with Ripple. I’m still very bullish on it looks like it’s gonna make a parabolic move soon after a bit of a consolidation period after yesterday.
Если Вам понравилось видео — поделись с друзьями:
But today we’re gonna talk about OmiseGo. This is my favorite token. I’m very heavily invested into OmiseGo. I got some around seven dollars and I’ve been cost averaging buying up to about 10 dollars and I still thinking my make another move, lower I’ll show you on the technical analysis side, but for 2018 I think this is going to go through the roof so, I’m gonna go through the fundamentals first and then I’ll go through the technical second, so OmiseGo their goal is to basically “Banked The Unbanked.”
So two billion people in Southeast Asia that don’t have Bank accounts. They wanna give them access to a digital wallet where they can actually put cash in an ATM and have digital money into their wallet and they also wanna be able to use that wallet to make payments and do all kinds of things, so one of the biggest customer bases that they’re going after are individual users. They want to give this platform where you can use airline miles all kinds of different currencies. Crypto currencies, fiat money and you put that all in your wallet and then you can pay with it and then you can also take cash out nothing the third stage of their road map.
It’s the first plasma now where crypto currency plasma is a scaling solution, created by Joseph Poon, the same guy who created the lightning network for litecoin and atomic swaps with bitcoin but the plasma network should allow for a scalability up to a million transactions per second rivaling visa’s network so it’s gonna be the first plasma network crypto currency that’s gonna be launched and they are in very close talks with Vitalik Buterin these different people.
Their next project is the White Label label wallet SDK SDK just stands for software development kit and so what this White label wallets gonna allow them to do is we’re gonna go after these electronic payment processors think alipay, think venmo, think cash app, think paypal and what its gonna allow them to do is is going to allow them to take this digital wallet with a couple of changes. Build it right into their system to allow paypal to be able to pay somebody with Ali pay or we chat or you know so it’s gonna allow cross platform interoperability with this wallet. That’s massive okay.
So how will the OmiseGo token actually works is it’s something called proof of stake so when you hold about a thousand OmiseGo tokens and you don’t need all the way up to a thousand because they’re gonna have pooling and all kinds of other things, but a thousand tokens you stake them in what’s known as a staking wallet and what you do is you verify transactions on the network so the more transactions that are occurring on the network the more money that you’ll make by holding OmiseGo tokens and it’s in a staking wallet. This is my favorite part.
The advisory team
This is why I’m so heavily invested because you’re getting paid just for owning the token by verifying transactions in this proof of stake model which is been proven it’s much more cost efficient than the proof of works model that Bitcoin and Ethereum are in right now, and it cost a lot less money as far as powering them. So the Proof of Stake is actually coming around Quarter Two of 2018. According to the road man. So this might not launch for about 4 or 5 months but it’s good to get your money in now before the price goes to the roof with their like. Wallet SDK release the other thing is the people that are creating OmiseGo or OmiseGo is a company called Omise. They started their started a few years ago and they were rated the number one digital start up in 2016 by Thailand.
Prime Minister and they are their growing up astronomically they’re one of the biggest payment process in the country and they’re constantly coming out with new products, new development and they’re already processing a massive amount of transactions They’re advisory team for OmiseGo is Vitalik Buterin (the guy who create Ethereum) gavin the Co creator of Ethereum Joseph Poon, the white paper author of the lightning networking and Jae Kwon the Cosmos network creator and they’ve got Roger. There in like six other people, that just has this really really strong advisory team, They’ve got this cash in cash out model. They’ve already got a partner that has over 6200 hundred ATM’s.
That’s a really big deal because that means that they’ve already got this infrastructure in place and one of their last parts of the road map is this massive decentralized Exchange where they process a massive volume of payments transactions that means more money for those that hold OmiseGo tokens who are staking them. Their plan is to process every single transaction that happens on the block chain. Vitalik Buterin even said that if Ethereum gets big enough, he’ll actually leave the project to go and work alongside of me is go um. He said, if a theory and gets managing and it’s got a good road map and he feels comfortable with it, but he said that’s like five years away, so that’s something the future. The other thing is, is Credit Saison, the third largest credit card company partnered with them mcdonald’s in Thailand.
They partner with them so imagine you know all these mcdonalds people can take their OmiseGo Wallet and they can go you know, buy a happy meal. Their parent company is a ascend capital and ascend capital they’re connected with alipay and Ali baba. One of the biggest companies in the world and all AliPay is one of the biggest payment processors in the. They process over a billion dollars a day and transactions so imagine if they use OmiseGo to lower their cost, but that means more money for people that are holding OmiseGo again. This is why the proof of stake model so awesome that’s. Why. I’m so excited about the project as you get to make money on the technology.
There’s, a huge community it’s booming got 17000 people on going on facebook. They got 30000 people on reddit um telling people on twitter and the thing that I like the most about OmiseGo is they don’t hype anything once the partnerships done. They’ll post about it once the technology is complete, then the post about it, but they don’t put any like hype news stories up so the prices you know kind of right. This range of eight dollars to 11 dollars. So once something gets released, like sdk wallet, which was suppose to be released, a quarter four of 2018, but they moved back to quarter one of 2018 sorry, on quarter 4 of 2017, but they moved back it back to quarter 4 of 2018 So once they release that wallet, Game’s on, I think it’s gonna go through the roof.
I’m expecting some huge gains and some huge dividends from those staking wallets. So these are just a couple of announcements from Jun the founder of OmiseGo and the guy was pushing OmiseGo. So they partnered with true money who is already doing four billion. Four billion dollars a year across six countries, so I think about you know they’re gonna be the payment process for them ascend groups and capital they’re the ones that and invested in ant financial again that’s the AliPay and the Hubii network it’s 50 million different. Unique content they’re gonna be the payment processor for the who be network and then mcdonald’s, I already mentioned them.
But payment process for them so big deal so let’s get to the technical analysis so I always talk about emotions and market cycles and stuff like that. This is a really big in crypto currency community especially, when big theory and all these alternative currencies, but if you look at this graph here the big thing is every market cycle goes through this.
It goes from disbelief to hope to optimism and then it goes up to euphoria and the people in euphoria you and everybody’s buying and at the Super high prices and then it comes right back down so this is what happened with OmiseGo with some announcements and then people got angry and upset because they just basically announced the road map that said our road map is gonna be really lot because this is a really big vision. Jun said himself that he wants to pay process the payments of every transaction in the world that is like long term vision so imagine this company in 10 years if they had even a fraction of their vision, which would be amazing, so let’s take a look at.
The actual analysis
Let’s take a look at the actual analysis, so here’s where we started down here and then what happened is. You can see climbed up and I got to about .00031 in Bitcoin and then it kinda leveled off and it’s been moving slowly down. So if you find this support line it’s it’s been on this nice support line for a while, let me do this one, which has been on this nice support line for a while and then you can see it’s had this pretty tough resistance on the top here It just I just can’t breaking but it’s in this downward price so expect it’s gonna keep bouncing and the risk here is one more level down.
So right here, so if you put some by orders in at .00027 mark for bitcoin. You got a pretty good chance of hitting that um I’m just cost averaging down right now the prices that I think 11 dollars yeah to 11 dollars um I bought a lot of mine is six dollars um and, as the price of bitcoin goes up obviously the value of a token that’s not gaining value is gonna go down in bitcion on but so it’s found a nice support here. We’re was that before uh back in August and Then it’s had this downward capitulation stage so a Good Buy is right in here to um cuz. I think it’ll kinda go out here.
Few more days and usually takes a hundred and eighty five days of a cycle to complete and we’re at about eighty five days 90 days so another, like eighty 90 days, so I expect probably by March or April this will go through the stratosphere. I think this will go through the roof so OmiseGo is my number one pick for 2018. If you can get it for eight dollars, nine dollars that’s the bargain of a steal. This is a very long term fundamental hold. Think not just 12 months but three years, four years as Ethereum fixes their scaling solutions. OmiseGo will also fix their scaling solutions solutions.
So, I hope you guys make a lot of money with this one so look forward on my next ones make sure you subscribe if you guys need the trading signals that we offer right now I think we’re 36 for 38 profitable trades head over to SignalProfits.com. It’s only $7 to sign up up for 30 days most people make their money back within that first, you know the 30 days so they can keep keep the ongoing subscription. But that’s it for today guys. Let me know what you think leave some comments below hit subscribe and I’ll see you on my next video