Bit-Tube - Price Prediction

Hey you, welcome back to the channel. And guys, today I want to do something, uh, fun. I want to do a BitTube price prediction. And I know a lot of people don't like price predictions, but this is one of those occasions where, um, I, I, I think that we, we'll all be able to agree that this price prediction will be, uh, I think a lot more plausible than maybe some we've heard in the past with different tokens and based on different sets of circumstances. And I'm going to explain to you how, you know, I'm arriving at my numbers and, um, you know, why I, I think this is going to be able to do this quite easily and with very little ease. And, uh, so we're gonna get started on how I'm going to come up with, with my numbers, but As you can see right now, a $TOOB token, which is the, the token for BitTube, is trading just over 3 cents. It's up about 1% at this point in time. But if we look at the market capitalization, something like $2.8 million, total supply of $TOOB coins is around 82 million, right? So come down here, we're gonna look at some of the data this month with the TubeCoins or the BitTubeCoins, and you see still around 3 cents over the last few weeks. But as you get to the more of the start of August, and we're still— we remember August has been a severe bear market territory. We've this whole month. Uh, in fact, for a long time now we've been in severe bear market territory. But look, by the time you get down to around August 5th, this token was trading about twice what it is now. Uh, and as you get further down, uh, in late July, it's up around 8 cents. Now its peak position has been, uh, 30 cents, right, which means that the market cap was probably somewhere around about $26, $28 million, something like that. Um, now here's where it gets very interesting, and we talk about some more stats and why I think we're gonna see some significant rises in the value of BitTube. So Obviously the circulating supply is very low, but in addition to that, Bit2 right now has about 2 million registered users. I'm pretty sure that number is gonna double and triple and quadruple very quickly, and it's gonna happen real fast. And that is because BitTube's registration process is like the easiest I've seen in crypto. The interface is so user-friendly. I mean, a 2-year-old could, could do this. And because of that, they have so many interesting programs that are coming as well. They have a referral program coming out. Now think about that. They have a referral program coming out, which means people are probably gonna be incentivized to go around getting people to— so that's people are handling their marketing for them right there to get people to join BitTube. So you're gonna have a lot of that going on. And then they have a debit card coming out, a straight fiat-to-cryptocurrency debit card that you can use to buy the tubes and use to tip your content, your favorite content creators and And so what's so perfect about that is that, uh, although it's not necessary, you know, tipping, tipping kind of, uh, encapsulates the Patreon idea, you know, like how people pay for Patreon each month and various things like that. You can— they can have, uh, you— they can just tip their content creators whatever they want, just like over on YouTube and various systems like that. But, uh, that's just bonus on top of the airtime you're already getting and airtime the viewers are getting, which is incentivizing them to stay using BitTube. So this, I mean, this is a perfect, this is a perfect model, this airtime model. They're very intelligent, and that's the great thing about being able to have the experience of others to go before you. We know YouTube early on made a vast mistake with using views as a way to give value to the content creators. Wasn't long before they found out how people were able to manipulate and get over on the, um, on the viewing system by, you know, manipulating people coming on viewing. So then they, they switched to the retention time model, right? Which, which is, you know, how long people actually are watching your, your content. So BitTube, it didn't take long for it to do the same thing and go straight to an airtime model, which is similar to a retention time model. Basically what all this is adding up, what I'm saying is that this model is better than YouTube's model. And that means not only is it better and people are incentivized to use BitTube, but there are a lot more features that you're gonna be able to get and do over on BitTube that you're not gonna be able to do over on YouTube. There's a lot of content creators you're gonna be able to see over on BitTube that you're not gonna be able to see over on YouTube. And there's gonna probably at some point be a mass exodus out of YouTube anyway, and they're gonna empty over into platforms like this, raising the value of them even more. So let's just consider, and I'm going to tell you how I'm arriving at my numbers. Let's consider the value of YouTube right now, ballpark, it's about $100 billion, right? And let's take a very, very modest percentage of YouTube's market share and contribute it to BitTube. So 1% of $100 billion, right? And so, uh, that's a, that's a, um, a billion dollars, right? But I'm gonna even go, I'm gonna even take it even more conservative than that. I'm not gonna even say BitTube can capture a a 1% market share of YouTube because I'm just gonna go on the assumption that they're gonna be competitors besides BitTube probably trying to do the same thing. And I'm gonna tell you why even if that happens BitTube's still probably gonna lead them and I'm gonna talk about that next but BitTube So let's be, let's be even more conservative. Let's say it's not even a 1% market share they capture. Let's say it's a tenth of a percent market share that they capture, right? A tenth of a percent. So we're looking at about $100 million, right? So at the present market capitalization that BitTube is at, even at a tenth of a percent capture the market share, it's $100 million, which is nothing in crypto. You know, a lot of coins have a valuation of around $100 million that are far inferior to Bit2 that has a working product, over 2 million registered users, and a great concept and a great system that people actually use. Um, so you're looking at, uh, almost 50 times the value of this token, uh, at that point. And that's well over— that's well over a dollar a token. And we could be talking— and I'm not talking 4 years from now, 5 years from now, or even a year from now— we could literally be talking like 90 days from here. You know, I, I could believe that could be very possible, um, just the way that it is set up, you know, that the way that it's being set up. And, um, and so with all these things happening, I can see this token very easily, very easily, um Now they say they haven't even started marketing yet. I don't think that's going to matter. I think even with this referral program idea they got and this debit card, um, you know, I, I think that even with that, that's going to be enough to— because see, people are already looking for— you don't have to really market for YouTube alternatives and video hosting alternatives. People already have a great need to find those things, right? This isn't like a cryptocurrency that has to convince people it's a good idea to use it. These people are going to come over and use it anyway. And so that's going to be very, very interesting to see. Now, even if like $5 million, another $2 million or so was invested in this token, You know, you're still looking at a 100% gain. Now, this is not financial advice. To me, it's a no-brainer, but it's not financial advice. But just looking at this and looking at a platform that people actually use, over 2 million now, you know, it, you know, it just seems so, uh, uh, uh, easy to come to the conclusion that this is gonna happen with this token. And, and I mean, even if it just goes back to 30 cents, uh, you're still looking at about 10— a 10-time return. And I mean, let's be honest, guys, is that gonna happen? Will we see this market capitalization go to $28 million, probably so. And so that's why I'm so excited about this coin, BitTube. This coin is gonna blow up, and in my opinion, and I'm a lot more confident about this token than I've been with many other tokens. I think even with competition, just the way this is laid out and the feel of this, and it is, as I've been using it, it's been pretty you know, it works fairly well and stuff's not tearing up or breaking down, you know. Um, I'm, I'm just blown away by this token. And so, uh, guys, let me know if you, you agree with my, my price prediction that this token can easily see a dollar. I mean, I, I'm even predicting— usually when I'm predicting, I'm predicting way out, but I mean, I can see this thing hitting a dollar over the next 3 months. And, uh, you know, that's like 30 times. 30. I mean, and I could easily see that. Now let's just go back to competition for a second. You know, a lot of questions, uh, you know, what if, you know, will it— what if somebody creates a version of this similar to this? And so people can just go over somewhere else, do the same thing, do the same thing over again, do the same thing over again. And that creates competition, and, and, and now they're vying there. Well, here's the thing, and this is why I think it's important, and this is, I think, some— something that people in the cryptocurrency space really need to pay attention to and really need to understand, is that technology moves really fast. People come up with better ideas and better way to do things every day. And sometimes when you're dealing with human psychology and creatures of habit, sometimes some of the best things you can have is being able to throw that first punch. Or what I mean is the people who come out of the gate first. So let's look at BitTube. Not only does BitTube already have a working product. They've only been going maybe like 3, 4 months, you know, really going. And look how fast they're moving. Like, they're not, they're not projecting out like in 3 or 4 several months we're gonna have this or that. No, they're like, this month we're gonna start the referral program, next month we're gonna have the debit card. You know, it's, it's— these guys aren't playing around. And this is the story I've been telling all along in cryptocurrency. When people come to me and they talk about, oh, organic growth, and they talk about growth over time. Well, I don't know if technology allows all of that. I think, in my opinion, the best thing you could do is in cryptocurrency is already have a working product when you come in the door. Already have the working product ready to show us and ready for it to be used, like, like looks like what BitTube's doing here. And, uh, also BitTube wasted no time getting on a major exchange. They're already on Bittrex. So if somebody does try to copy them, they got a few hurdles to climb. Already got the 2 million users, right? So they got a few hurdles to climb right there just to catch up. And by that time, BitTube's moving at a speed where it's going to be hard to do that. So I, I hope people in the cryptocurrency kind of see where I'm going with this when I— when we talk about deadlines and timeframes and not only having a great plan, but it's how you execute the plan and when you execute it. I'll give another example. If I'm at my job, my job doesn't just want me to come up with a good plan, does it? It wants me to come up with a good plan. It wants me to execute the plan and it wants me to execute the plan at a certain time frame and a certain deadline. Why? Because they're worried about competition and other people getting there first, and they— because they know the damage and, and what it's going to take to deal with these competitors once they get there. So people, people in the cryptocurrency space waiting around on their competition to execute things, they're putting themselves in a very dangerous position. And, uh, I think they ought to be mindful of that. BitTube seems to be on it though. They seem to be like, we, we're going to move here, we're going to do this, this, and that. Came in with the working product. You know, they didn't go, well, let's raise money and let's create this platform. It came in with the working product, and then they're like executing stuff month after month after month, and they're getting it done. And that's going to be very important, very important to if competition— and because of that jump out the gate like that, that's how come I feel that even if other tokens rise up and they try to capture the market share of platforms like YouTube or BitTube or all these other video hosting sites in the cryptocurrency space. BitTube is gonna have a pretty good lead on them, and they're probably— how they're doing their business now, I feel like they're gonna keep that lead. And I feel that like that's what's gonna happen now. You know, people have asked me, they said, well, how it's monetized and how it's used, is this similar to— does it work like on Steemit with the upvotes? Now Steemit has, if you know about Steemit, you know, Steemit has done like this video hosting thing pretty well. They got something called DTube and they got like their social media part, like blogging, and that's worked pretty well, but Their problem has been to register on the Steemit blockchain, you, because they kind of give you this money for the votes up front, kind of like BitTube automatically giving you the airtime. But BitTube's model looks like it's going to be more sustainable and make a little bit more sense because it's kind of getting the value from the content being created and splitting it around, right? And it's just a little bit different from how Steemit is doing because Steemit has a very complicated monetary model. But the problem is you can't get enough people in there to use the platform because they, because they're giving out this free money, uh, or you're starting out with this money to vote with this money from the beginning. You're, they have to go through these verifications, a lot of verification checks and like, They don't have a mechanism like airtime where they can just monitor the value of your, of the time you're investing in the platform. And so the problem with that is the only other option is you pay for the account kind of like the EOS model. But the problem with mass adoption and paying for accounts, paying for accounts is a very new concept to people in social media because of how the private market works. You don't have to pay for stuff Uh, they get it through other means, whether it's advertising or whatever have you, and they can still make their money without charging it back to the user. And so people just gonna have trouble mentally connecting to that concept. And I don't think people are gonna just rush in paying for stuff to get started. And so BitTube doesn't have that problem. And so that gives it an advantage in those areas, those video hosting areas, like even with platforms like DTube on Steemit, which I've seen probably do some of this type stuff the best so far, but then they're disadvantaged by their internal issues to do that. And so that's going to be a problem. So, and there are probably other video hosting cryptocurrency sites I haven't heard of. And if I haven't heard of them, that's not good. That probably means that they, you know, are having a similar problem or somewhere they can post videos, but the people actually have to pay for them. With their own money out of pocket. And again, that's kind of going to be that in a way that's even worse than Steemit because at least with Steemit you have this thing called voting power. With these other platforms, you actually just buying, you know, you're essentially just tipping. And, you know, tipping has been shown to work a little, but it usually fails. So anyway, guys, those are some of my reasons Why I think we're going to see over a dollar value-wise, being able to grab that market share of YouTube quite easily because YouTube's having a lot of problems and these problems are going to magnify over, over the years. You know, they're going to start— they're already censoring people and getting rid of people. They're going to start to lose their main— they're already losing a lot of their major, uh, YouTube people. And I mean, even if they don't lose their major people there are these kind of guys, these purgatory type YouTube channels. And what I mean by that, we're talking, there are channels that probably can get a million views a month, which is a lot of views, but it's still considered a small channel because a million views doesn't get you much money on YouTube. You know, in some cases it only gets you a few hundred bucks a month. So the type of energy that they're, they're putting into creating these, uh, channels that look more like a cable network channel now, uh, and what they're being paid to produce this content, it just isn't enough, you know. And so, um, you know, you got these kind of channels in the middle that are still getting a lot of views, uh, but just aren't at the level where YouTube— where they can be successful on YouTube. Because of the cost of maintaining a private company like YouTube and giving us the quality of usership, right? But what's gonna happen is these people who are in the middle, who still give over a lot of value, are gonna be the main people on BitTube, in my opinion. And so that's gonna create a lot of money for BitTube directly and indirectly. And also, in addition to that, a lot of problems that's arisen in the cryptocurrency space, um, it has been, uh, how do these platforms make money? Like, how do you, you know, how do you monetize them? And a lot of times it's like, well, they're just calling people in and hoping they'll buy these tokens and just keep coming in and buy more and buy more and buy more. Then it just starts to feel like this huge pyramid where it's one guy on the top and he's bought the most, and you know, that's a problem. So I like Bit2's— what it's doing with this debit card. It's got this direct crypto to fiat, the crypto gateway, right? So now you can easily get people in and they're already— the user interface is already super easy and maintain the wallet and all that, super easy. A 2-year-old could do it, right? But in addition to that, uh, besides that, BitTube is also going to have advertising that people can come in and they can buy and they can put money into their posts and they can promote their posts, much like how it's done on YouTube, right? You can promote your, your various posts, but, uh, you will be able to— you have to buy it with the, with the $TUBE tokens. And I guess they'll do something like a burn with the tokens, right? Getting that value back into the tokens that exist. Um, and so that's going to be all interesting, guys, but my prediction based on the information I just gave you and what is some of the things I talked about in the historical data on BitTube, the low market capitalization and the growth rate it's at only out 3-4 months, this is why I think it's going to be quite easy for it to do this prediction that I predicted. Guys, let me know if you agree with some of the things I say or disagree. And if you like content like this, don't forget to like, subscribe, especially over on BitTube. And I keep saying that a lot, guys, because I've already broken 1,000 subs over YouTube, and I really would love to have you guys get over on BitTube and subscribe over there. Because also what it's going to do in addition to that is going to give value back to you. You're going to actually earn these tokens just by doing what you're already doing. And look how many you can possibly have, especially if you take advantage now. Get over there now and start watching now so you can earn tokens early before they go up in value later. If you like content like this, don't forget to like, subscribe, and until next time, take care.