Electroneum: Etn 70k? All In!

Hey you, welcome back to the channel. And guys, today we want to talk about Electronium at $70,000 per coin. So, you know, I did a video earlier, guys, and we— I had discussed that I felt like the Electronium coin wasn't hyped enough, that I thought it was very much deserving of being hyped, uh, that with it doing everything right, uh, that no matter outrageous, uh, no matter how outrageous the, the hype was, uh, that it might be fitting. But, uh, there's a YouTuber out here that, uh, is doing some, uh, very interesting videos. I, I'm pretty sure you've all heard about the $70,000 case for Bitcoin. And there are some called market capitalization. There are certain— there's a certain amount of money supply, there are a certain amount of coins, there's a certain amount of money globally in circulation that makes certain— might make certain prices impossible. But, you know, at least we're talking about it, right? At least people are talking about Electroneum, and maybe this will spread some attention as to why people think the coin should be that high. With that said, this wasn't really the video I want to talk about today. What I want to talk about today was that there was some supposedly some breaking news, I believe, by a developer that works with Electroneum, supposed to post on Reddit forum some new very important news that I had been hearing about. And I checked the Reddit forum. I haven't seen what this was yet. I don't know who this person is, and maybe you guys could help shed some light on if you've heard this or you know any information about this. I was looking at the Crypto for the People channel, and I believe I first saw the announcement made there, but I haven't heard anything about it since, and I want to release a video on that. Uh, because I haven't heard any news, I decided that, uh, you know, in, uh, talking a little bit more about my other video about where's the hype with Electroneum, uh, you know, uh, this— that this video was out about the $70,000 Electroneum. Um, and, uh, hey, like I said, guys, uh, you know, I, I think that these type of videos are moving in the right direction. Uh, you know, uh, and, uh, I, I found it very entertaining and fun. I believe the YouTuber who made the video, I think he commented on one of my videos, uh, and he has a very interesting video up now I want to watch. And, uh, it's, it's kind of a very, uh, concerning title. I believe the title is about prostitution and electronium. And I don't know, I haven't watched the video yet. I'm not sure where, where he's go on with that, but he seems to be quite a colorful character. And, uh, hey, you know, I, uh, maybe I, maybe I made the mistake of opening up the can of worms, guys, when I said you all should make these hype videos, get people talking about Electroneum no matter how ridiculous it is. Uh, you know, we've tried the practical approach, uh, and, uh, you've seen where it's gotten us. It's gotten the biggest YouTubers not supporting us, and I want to talk about that a little bit because I have done a little bit of research, and I want to address a little bit why we got the Electronium haters and what are some of the things that they're saying. Um, one thing that I'm hearing now that I've kind of looked into this a little bit more as I was vexed by it, as I was, uh, confused by the support of what appears to be the greatest coin. Well, it's actually been 3 things mentioned, uh, 3 things, major things mentioned that I'm looking into now. And one has been, I've heard terms like redundancy, meaning that Electroneum is going around where other people, other coins have been, that they feel other coins have not only been there but they've done it better, that they're in a position to do it better. And whereas I disagree with that, and the reason I disagree with that is because, and I've heard mention of coins like Litecoin and various other coins that, but they haven't done it better, right? They haven't got the wallets as of yet. And I think Electroneum is unique in this, in that these coins just haven't packaged things properly. Where they are saying that these other coins can do things better than Electroneum when it comes to mass adoption, when it comes to various things like that, the problem is they haven't done a good job of making this very user-friendly. It hasn't been packaged properly, hasn't been marketed properly. Uh, and so this is where I disagree with that they're, they're doing it better. And, um, I look at Electroneum as a new approach to that, and in that way I don't see it as a redundancy coin. Uh, you know, we've mentioned, or I've mentioned in prior videos, about the concept of something called the brand effect. If you don't know what the brand effect is, the brand effect is the same, uh, idea of what keeps Facebook relevant, what keeps, um, Apple relevant, what keeps a lot of big services and companies relevant, what keeps Bitcoin relevant. Although there are competitors that have emerged with even better products that can do it better, yet people still don't move over to those products, be just because of the packaging with, uh, uh, with Facebook, with Bitcoins, with these established brands that weren't only first out the gate but have done just a good job of marketing and branding. And so I think Electroneum, when it comes to branding and marketing, is excelling over these other, uh, uh, uh, brands. And that is because Electroneum's approach, uh, is something more unique and it's more well put together on how it's being done, right? And that's also testament to why Electroneum, as far as wallets and community, has grown at a much faster rate than these, uh, brands and these products. And it's why Electroneum has, uh, uh, I think will eventually win in those areas. I think they do have that, uh, uh, that is a French it's a French term for that that's used when you have that special something. Is it je ne sais quoi? Uh, I could be saying that wrong, or my French is bad. I haven't used it in years, but it's that special something. It's that brand effect. And these tokens don't have that. And so in that regard, I think that's where they're wrong in that. But let me move on to the next thing. Besides redundancy coins, there has come the idea of why is it so hard for Electroneum to be listed on these major exchanges. People are going, well, if Electroneum is such a great coin, it should be on Bittrex, it should be on Binance, no problem, like these other coins. And let me say two things to that. One, I want to say that whereas In certain respects, I— that question does pop in my head. Well, yeah, maybe Electroneum should be moving a little bit faster. I'm all— it's— I'm brought to the attention of proper planning of your product and hitting your goals at certain points. You know, Electroneum is still relatively new to many tokens and coins that have come out and been in existence. Years before Electroneum. So we have to look at it from that perspective and go, well, look, Electroneum hasn't even been out, what, quite a year yet? And, uh, a lot of these other coins that we're mentioning that are trading on these major exchanges now, they have been out a lot longer. But if we put that to the side and we go with, well, Electroneum's lined up all his ducks in a row to hit that, to hit that place. And then we're gonna, you know, at some point see these major exchange listings, like probably what we're going to get with CoinBeanie this month. Well, I would say consider what I just said, but yeah, uh, that's a point in the favor of the critics in a way. Um, you know, guys, I am very skeptical of what the cryptocurrency market has termed ideas like organic growth, uh, the speed at which the cryptocurrency market moves at in, uh, executing certain goals. And I'll give you an example of what I— of what I mean by that. Prior to Electroneum, you know, I find coins I'm passionate about. Although people say you shouldn't fall in love with one coin, Sometimes it happens you just find that coin that seems to do everything right and you're looking at, well, this guy's doing everything right, I should stick with him. And that's what happened to me with Steemit. And with Steemit, there was a lot of, in the beginning, a lot of naysayers and problems with the structure of it and this and that. And if you're a member of Steemit, you know the story. But Steemit was set to be a social network And, uh, we know that with social networks you need large growth. You need people participating. You need a large amount of people because it's a social network. That's where you win in the social network. We have a lot of people and Steemit is growing. It's growing under the idea of organic growth. But Steemit for me just wasn't growing fast enough. And my fear was in technology, you don't have the luxury of time. Now Steam is going to be facing down the bureau of EOS and its tons of social networks coming out, and maybe, you know, they're going to have some trouble there, at least with the price and growth rate. And sometimes when you're, you're developing a project, you have to keep your technology in mind. You have to keep the, the, uh, the growth rate of, of technology, who's watching, who could do it better. And being first out of the gate And moving at a steady pace, uh, might be, uh, what's left between life and death. So sometimes we don't have the luxury of time. Sometimes you're not going to have the luxury of lining everything up before you're met with a lot of competitors and you're met with a lot of people doing the same thing you're doing, possibly doing it better, where you had the advantage of being first out the gate. You don't want to lose that. So Uh, that is a concern, but, uh, we should, you know, again consider, uh, what I said prior as to some of the reasons why it hasn't been listed on a major exchange as of yet. The last reason is the, the DDoS attacks, the 51% attacks and various things like that. Many, uh, of these top YouTube channels who don't support Electroneum have said that Electroneum is highly susceptible to that and could be met with that, and that could be very problematic. Um, and, uh, you know, if people are willing to put up enough money for these attacks. So this has been some of their reasons for hating Electroneum, and, um, uh, that's something to consider. You know, that's, uh, that's something that can happen to many coins. And that's how come sometimes in a situation like this, brand effect is going to be important. Uh, access to a lot of people coming in in a very user-friendly way where they can easily adopt these systems is going to be key. And that might be more important, guys, initially, more so than technology, than technology, right? And that's just how it is, uh, in this space. So, um, you know, that's why I think it's important, guys, that whereas you don't want to rush greatness, sometimes you want to, you know, have a good product. That, uh, it's kind of like an episode of Star Trek, right? In some cases, I've watched, uh, Star Trek I don't know how many times. I've watched, uh, uh, Captain Kirk. Interesting enough, on another article, you know, William Shatner has gotten involved some kind of way in the cryptocurrency space. There's some scams going on, you guys can look that up. But I just thought that was very interesting that Captain Kirk is some kind of way involved in the cryptocurrency space. But anyway, uh, during certain episodes of Star Trek, Captain Kirk would go, well, look Scotty, I need this, I need that, we need this ship running. And Scotty would say, Captain, I— we were down, I can't give you this, it's going to take me 30 minutes to get the ship back running. Captain Kirk will tell Scotty, we don't have 30 minutes. This space moves fast, guys. And, you know, maybe we don't have 30 minutes, we need to get the ship on the road. But I can tell you this, I'm a big supporter of Electroneum now, but not only am I, I'm a big supporter, I'm breaking the cardinal rule of falling in love with one token. And that's because I'm all in now on Electroneum. I'm going all in, guys. Uh, I'm putting diversification to the side. I'm focused on the vision of Electroneum, and I'm going all in on Electroneum right now. And I hope this new announcement that's coming out is going to be something big, something that's going to push up the price. We're up 2.13%. At least we're up. Everything's being pulled down by Bitcoin. Bitcoin comes up, hopefully everything will go up a great deal. Hopefully Electroneum will be one of them. So let's get some more hype videos out there. Let's, let's get going with that, no matter how ridiculous they are. Let's build up this brand effect, guys. Let's keep going. The one YouTuber making these interesting $70,000 Electroneum videos. Hey, it's got people talking. It's got me talking. So it's got other YouTubers talking. It's got people going, what is this guy talking about? Hey, you know, this Electroneum deserves the hype, right? And it's the only thing missing right now. And we've heard what the top YouTubers have had to say about Electroneer and why they are no more. But we're not gonna let that stop us. If all of us need to make an Electroneer video like I'm doing, it's not hard to do. You can use your phone like what I do. I don't do any kind of super special videos, guys. I'm not gonna do a Hollywood set video for you guys. I'm sorry, but that's the truth. But I am going to try to let you all know that I'm a big supporter of the community. I'm with the community and I'm going all in. Not telling you all to follow me into battle. Maybe this isn't your battle to win or lose, but it is for me. Guys, if you like content like this, don't forget to like and subscribe. And until next time, take care.