In this solo YouTube market briefing, Crypto Mason delivers a rapid‑fire overview of the cryptocurrency landscape on October 18, 2021. He opens with the imminent launch of the ProShares Bitcoin Strategy Futures ETF (October 19) and explains the classic "buy the rumor, sell the news" play that could have benefited investors during the September‑October ETF chatter. He then surveys the broader market, noting Bitcoin’s price near $62k, a total crypto market cap approaching $2.5 trillion, and the typical Bitcoin‑first‑then‑altcoin rally cycle. Mason critiques recent performance of Constellation (STX) while positioning it as a long‑term rival to Hedera Hashgraph (HBAR), which he highlights for its new USDC integration and potential to become a top‑tier network. He defends his continued holdings in XDC despite community FUD, and provides a beginner‑friendly candle‑reading tutorial. The segment moves to XRP, discussing the Ripple‑SEC lawsuit, the broader regulatory implications, and his view that a loss for XRP could set a precedent affecting many tokens. He also reviews Quant (QNT) chart patterns, mocks short‑term bearish sentiment, and references Plan B’s stock‑to‑flow model for Bitcoin price targets. Throughout, Mason intersperses investment advice—favoring dollar‑cost averaging, caution against market timing, and promises an upcoming exit‑strategy video—while urging viewers to like, subscribe, and follow his social media.
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What is up? I am Crypto Mason and welcome back to the Crypto Mason YouTube channel. Shout out to the Gold Squad. We look for gold in every single aspect of our lives and we always find it. Now today we have a great daily market update for all of you. We're going to cover my thoughts on the entire market, all of the important news, none of the trash, uh, not important news. We're going to cover all the important news today, talk about Constellation, HBAR, XDC, XRP, Bitcoin, Ethereum, all that. Now make sure you smash the like button before we get started. Also subscribe, turn the post notification bell on, and let's go. So Big important times right now, okay? Bitcoin is at $61,953, and as you can see, I've laid it out right here what you should have been doing. And it was pretty simple to see when you heard people talking about an ETF. We heard people talking about an ETF in September, okay, which is over here. Now look at this. You could have been buying— if you invest in Bitcoin, right? But this also goes for all of the other coins too. You could have been buying in these hellish areas over here when Bitcoin was at $43K, when we even had dips, dips below $40K, right? You could have been buying that up because people were talking about an ETF in October. So that's the rumor. Buy the rumor, sell the news. Now look at these, all these circles is higher highs. Boom, boom, boom, boom, boom, all the way up. Right? And now it's coming down to the date of the ETF. We have a ton of media blasting right here. Bitcoin ETF approved, trading tomorrow, right? Boom, it's trading on, uh, October 19th. The ProShares Bitcoin Strategy ETF. Okay, we also have this one saying that the ProShares ETF is October 19th. Look at this, we have Bitcoin futures, uh, open interest at an all-time high right here. CME futures. Um, but before we get too deep into that, let's look at the overview of the entire market right here. Okay, STX, Zcash, Shiba Inu— these are the green coins today. Dogecoin. The rest is a mixed bag of stuff. We have HEX down to 29 cents now. Okay. Okay, so 42% down on the month. So if you invested in HEX, um, over here at the start of the month, you've already lost 42% of your money. I just love to point that out for fun. No, I understand HEX, it's a bubble, right? This will go back up and then it'll crash again. Simple stuff. Now what are we sitting at for the total market cap? 2— almost 2.5 trillion right here. So the— this is such an important thing to watch, right? Because this is about to shoot up. Many people are using, um, I think it's the Fibonacci shit, and they're using that to predict that the total market cap will get to $5 trillion, right? $5 to $7, some people even say $10 trillion. Now if we look at the total market cap excluding Bitcoin. What usually happens with this is basically Bitcoin pumps and then it makes its first, um, it does its Bitcoin pumps to crazy new all-time highs, it makes its first bearish move, right? And then altcoins run and they go crazy. And the last bull run in 2017, altcoins made a new all-time high a month later. It was pretty freaking crazy. So the ones who make the most money, they actually hold till the end of the cycle, right? The ones that make the most money. But it's hard to time. You don't want to be timing this market. So I would say dollar cost average out slowly, and I'm gonna have an exit strategy video. I'm still working on it, getting my thoughts together for it. Now, Constellation, I want to say one thing: it has been pretty disappointing in the, in the short-term price action, right? I bought this up at 27 cents, so you can imagine how much money I've lost already with this. But now you got to understand, Constellation is a long-term coin. This is a freaking giant waiting to happen. It's the only thing that I can really put up against Hedera Hashgraph as a competitor, right? Speaking of Hedera Hashgraph, we have some good news for Hedera Hashgraph right here. USDC The stablecoin has been added to the Hedera Hashgraph as an enterprise-minded network eyes DeFi. It becomes the stablecoin's 6th network as a key part of $2.5 billion HBAR initiative. Look at that, we have USDC on Hedera Hashgraph now as of today. So no price action because of this, it looks like. But dude, I'm holding HBAR forever, man. Forever. Slowly take profits. This will be an absolute giant top 10, top 5, top 3 coin waiting to happen, in my opinion. Want to talk about XDC as well. There's been a lot of FUD, like a lot of FUD coming out around this and it being a scam and influencers pumping it, blah blah blah blah blah. I'm still holding XDC. I got in at 1 cent, so I could take profits whenever I want and feel comfortable. I haven't— I have not yet sold a drop of XDC at all. Um, actually, I might have sold a little tiny bit for some NFTs. I'm not sure, but nothing substantial. I would tell you guys if— because that coin is like a heavy— heavily— we've been heavily watching that coin. So I showed you this buy the rumor, sell the news setup. Um, we're gonna see if they pull the rug from us, man. If, if this was just a front for the whales to manipulate, right? Oh, ETF is out, let's dump the price, uh, and say that it was a buy the rumor, sell the news event. Um, also I want to show you XRP. Oh, by the way, the weekly close for Bitcoin— take a look, take a look at this weekly close for Bitcoin. The highest weekly close in history. Had just occurred for Bitcoin. The highest weekly close in history, $60,800-something. Okay, crazy. I was watching a live battle take place. Let me see if I could show you it. Actually, I was watching a battle on the charts. Where was it? Is it over here? No, it's not. It's over here. Um, yeah, right here, right here, right here. So look at this. This was yesterday, right? On the 30-minute chart, you can see I tweeted this out. Look at that Bitcoin recovery. Look at this. They try to dump it right here, right before the weekly close. Like, this was a couple hours before they tried to dump the price. Bulls recovered that perfectly, even all the way past— actually meeting this, meeting this high right here. So the point is, we recovered so fast from that and pushed it up all the way to an amazing, uh, weekly close, right? Amazing weekly close. I'm waiting for the Plan B prediction. He says $63K. We're basically sitting $1,000 away from it as a monthly close, which to me means that nothing might happen to Bitcoin this month. It might actually stay stable at $63K for his prediction to come true. Now let's talk a little bit more about Plan B right here. He is saying that in the stock-to-flow and price model, we're back in the blue, right? He's saying back in the blue. So basically, this is the price model. It's gonna get us to $100K right here. Now, many people believe in this and many people don't mess with this, but dude, look how accurate that has been so far, right? Look how accurate. And there's like these crazy bulls— I don't agree with these crazy bulls— on target for $450,000 Bitcoin. Like, that's just insane. But he says we're back in the blue on his chart. Interesting, man. I'm watching the whole space right now. XRP, I showed you weekly close, uh, was a boring one, right? Here's the weekly candles. If you don't know how candles work, let's get a little beginner explanation right here. The easiest way to read candles and just understand them instantly— let's take this big green candle for, for example. The easiest way, let me give you a beginner tutorial. So you guys see in the top left of my screen, up here, up here where my mouse is, right? Every time you hover over a candle— this is the easiest way I've found to explain it. I explained it to my dad like this. You can see it says O, right? Right here it says O. So that candle opened, opened the day at 77 cents. And then go to the right, it says high. So the highest the price got during that day was $1.35. Now go over to the left or the right. Lowest— the lowest the price got during that day was 75 cents. And then it, uh, ended up closing the day at $1.28. And then it shows you the percentage it went up. That's the easiest way. So every time frame I flick to Right, every time frame— this is the 1-day, each of these candles become 1 day. So that's a beginner tutorial, there you go. Uh, QNT, let's talk about the QNT chart right here. Look at this, look at this. Um, this is kind of interesting. This is the daily chart. Chicken Joe says that Quant has a historic quiet consolidation and accumulation phases from early February to mid-June 2021. Almost 5 months. The price went from $50 to $54. It holds its value while it's quiet. That's what we see right here. Strong buildups, accumulation phases, and then we pump crazy. Benjamin Cohen: I also think it's hilarious that the bears I have watched have changed from, if Bitcoin breaks $51K to $52K, then I will get bullish. Then they changed it to, oh, if it breaks $53K, I'll be bullish. 'Oh, we're still at that $59K level. If we break that, I'm bullish.' Man, shut up. I see this all the time on TikTok. 'Oh, we're not bullish yet because it has not broke this,' blah blah blah. What the— what's happening with the bears right now? They're stuck on these time frames. They're stuck on 5-minute, watching the 5-minute chart. Like, like, zoom out. You got to zoom out right now. Gotta zoom out right now. So, um, We had the stablecoin on Hedera Hashgraph. We also have this news, which is like kind of a stretch. A Grayscale Bitcoin spot ETF could be right around the corner. And basically this won't happen for a while in my opinion. But look at this, they're saying by the end of the year. And look, look at the graphic they used. It's a code right here, or it could be. So this is 3, 2, 1, right? That's January 1st. The small hand is on 1st and then this is on 10th. So January 10th. I don't know. January 10th. I just saw this clock, this SEC clock, and I'm like, what? Okay, now moving on, we have the White House typing out the cost, uh, of the Build Back Better agenda, which is 666 right here, is $0. The president's plan won't add to our national deficit. Oh my goodness, come on, man. I don't even need to— I don't want to cover this. I don't want to just read that and then read some replies, right? Oh my goodness. Yeah, that ain't even getting covered. That doesn't get the light of day in here, the time of day. So Ripple versus SEC, simple solution: if everyone defending Ripple claims that they didn't buy XRP as a security but a currency, then they should have no problem with Ripple being regulated and forced to lock the value of XRP to a dollar like a central bank. Very interesting. This is something they need to think about. None of us bought XRP thinking it's a security. We bought it thinking it's a cryptocurrency because there was no clarity on what the heck these things are. Speaking— okay, let's skip that one. That is basically just saying Bitcoin is going to be a new religion from Zuzu, and I agree. By the way, this is from Jerry David. And, uh, let me cover something real quick. Make sure you follow me on Twitter, right? Follow me on Twitter. There's my username. I'm still banned on Instagram. I gotta check that today. But I want to explain this tweet right here. This tweet got a lot of attention. I said, if XRP loses, crypto loses. Yeah. And then I had to clarify when I woke up right here, right? So what this means is if XRP loses this lawsuit, it's gonna be— so what's gonna happen is they're gonna launch a new Howey test from this. That's a great possibility that they're going to make a new Howey test out of Ripple. They're going to make it an example, the Ripple test, right? And basically they're going to, um, have a new standard for regulating coins. And all of these coins that I'm scrolling through right now are going to be put up against that test, and if they meet it, there won't be a security, right? That's why crypto loses if XRP loses. Because if XRP is a security, if XRP is a security, then a bunch of those cryptos are also. Okay, so that is all we've got for today. I explained that tweet. Appreciate everyone. Make sure you follow Twitter, um, make sure you subscribe, click the like button, turn the post notification bell on, and goodbye.
