Xen Crypto - Big Hex Selloff/14k Minters-16k Accounts Btcmyk

Welcome back to the channel. I hope you guys are having a great day. Um, so having a HEX sell-off here. HEX has fallen greatly below the penny mark. And just to let you know how bad HEX is doing, Usually on CoinMarketCap, they have— it's kind of stuck in its listing. I think it's like stuck at $2.02 or something like that. Most of the time I check it on CoinMarketCap and now it's saying $2.05. So that's crazy. I don't, I don't, I don't know what type of metric that CoinMarketCap has been using, but apparently Uh, it's, you know, using something, and, uh, but it's, it's not— it's, it's, uh, showing to be falling from his position still. Uh, you know, like I had been speaking to the Hex community, um, you know, some prior videos, you know, I had been telling a lot of the people who listen to this channel and people out in the Hex community and post-community such that these communities that form, right? That you think there's the solidarity there that went under pressure. If these projects don't have real use in the fundamentals there, what happens is these communities can lose faith overnight. And, You know, I've seen it happen many times, uh, you know, being involved with our own project BitcoinMYK, um, as we're building a real project, uh, there, you know, there have been times when people who've been there from the beginning, even, you know, them, they start to lose faith a bit. So that's how come I know it's, it's, it's one of those things that no, no project is immune to. Uh, unfortunately, I think when something like this happens in a project like HEX, it will be catastrophic, right? So, you know, people who watch this channel, you know, we, we preach projects that you actually use every day, uh, use cases. And let me spell it out for you, for you skeptics, right? For a lot of you guys who still don't quite get it, don't understand it yet. BitcoinMYK, the project we're involved in, it has a use, right? That is a necessary use, meaning this is something people are going to use every day. You might say, well, why is that? Why are people going to use this every day? So what BitcoinMYK does, there's this thing out there called ChatGPT. Right? And it's the next evolution in artificial intelligence. Um, and so we're on the cusp of an AI revolution. And what this means is that, uh, AI will be doing a lot of things that humans used to do, right? So it's going to probably displace a lot of workers. There's going to be need for an entire new economy, right? And this is where Bitcoin MYK fundamental uses come in place, Right? It has basically the structure of an economic system where it has this representative gold, uh, has cash, and then it has something called the citizen's dividend, which is going to create a distribution economy to help us to deal with such an economy. And it's a very sophisticated project we've been working on a long time. It's going to be a fundamental needed project. Now looking at something like HEX, right, I think the community right now is in a situation now where, uh, they don't know if they should double down and buy more as the price just continually falls, right? They don't really quite know what to, what to do, uh, and so I don't think a lot of the community supporters that, you know, the people I call them like the, the candy influencers. These are the people who just no matter what the price of HEX is, they're saying it's a good opportunity, this and that. Um, they never give you a balanced view of HEX, right? Uh, but a lot of people like to watch their channels because what are you going to do when, um, when you got all your your hopes and money into a project like that, and now you're trying to get it out, you can't, right? So, you know, what else is left for you to do but hope for the best in a case like that, right? Well, the other thing is you can make better choices in the future, which might be a good way to proceed if you get out of those situations like that. Um, of course you can— we can look at the other, uh, uh, possibility, and that is that HEX prices return and it turns out to be a great, great investment some of you all, uh, got involved in, or hoped it will be, right? And I hope for your guys' sakes that's the case. But, uh, um, what is— I think how you avoid situations like this is sticking to those fundamentals. You can't depend on community. Community rises and falls with the success of the project, right? So in other words, if HEX continues on this trajectory, those people are— a lot of people are— the community, even the diehard community members, are eventually going to start to fall away from the project. You know, same— we could see it happening the longer it took for the PulseChain to launch. The, the more these people were at their breaking points, right? So all of that's going to occur, uh, unfortunately. Uh, so what to do? Well, what I would say what to do is stick to the fundamentals. As of today, uh, the BitcoinMYK project, relatively unknown project, just started from, um, people who wanted to create good projects, want to create useful products that help the world, make the world better. Uh, today has over, uh, 16,000 accounts, wallets, and about 14,000 mentors. So taking a look at BitcoinMYK, uh, Um, overall, the, the minting process is quite, uh, uh, this is— we're kind of looking at how it is conducted here on BitcoinMYK.com. And so although we have now over about 14,000 minters, uh, the new interface, some people haven't logged back into it yet, and they probably aren't aware be doing that. And we believe that as they will start to add more, more kind of platform as far as exchanges and, you know, wallets and etc., about 16,000 there. So BitcoinNYK, we believe, is going to just keep growing and growing, and we believe it can get to millions potentially billions of people, um, and that will be quite extraordinary, uh, but we do think it's practical reasons why that's possible to do a lot with just the everyday use Bitcoin NYK will have. In other words, Bitcoin NYK will be this place you do all your social media, all your cryptocurrency, and, and, uh, uh, banking, etc. You kind of do it all together on this one platform, right? Um, through the, through the protocol. And so, uh, we believe that's going to be a practical use to a lot of new people getting into cryptocurrency. So we think it's going to, uh, continue to grow in an exponential way. Um, you know, my, my best guess, and this isn't financial advice, going back to HEX, my best guess is that people are gonna still make money off of HEX. Like, there's gonna be some flash crashes and pumps in HEX, and it's gonna give some people opportunity to make some money, and some people won't. You know, that's how I think it's gonna go. So I don't think HEX is dead, but I— and I do think people are gonna continue to make some money off it. But the— I think the problem with projects like HEX and what we're gonna— we're starting to see in is that HEX is going to fare poorly, in my belief, as a long-term investment. As I say, some people might make a little bit of money and then HEX is going to kind of do this slow death thing and fizzle away. And I say that because I just don't believe HEX has the fundamentals that'll keep it going much like a Bitcoin or Ethereum, right? I just don't think they're there. Uh, I, I think it's relied a lot on Richard Heart, has relied a lot on hype, and it's relied a lot on people getting rich, right? That's the, the driving factor behind HEX. But I, I would say this to you all, uh, the reality of everybody getting rich is, is inaccurate. You know, most people aren't rich. What it is, is most people want a type of safety net, a structure to where economically, they have some safety, right? And, uh, that's what the Citizens Dividend does, right? So the Citizens Dividend, our project, is about setting you free, right? It's not about making you rich. Not saying that people won't get wealthy from it, because in the Bitcoin NYK does have great tokenomics in its house structure, like gold in a sense. And so the price, the prices keep going up, but It's a, it's a very sophisticated ecosystem where it kind of has this triumvirate of coins where you have the version that's like gold, one's like cash, and then you have the one that supplies the citizens dividend. And they all work together in the same ecosystem. They all are designed to not only complement one another but to have a function within the ecosystem. So that opportunity is there as well. But what I'm saying is that the overall goal for us is to solve problems like job displacement, to solve the, the issues what, uh, this, uh, robotics revolution is going to bring, where a lot of people are going to be out of work, where a lot of people, uh, are going to, uh, be suffering from, uh, this economy. What do you do with these people now? What do you do with their, their healthcare and trying to keep these people afloat and so on and so forth? So What I'm saying is, uh, projects like BitcoinMYK are totally different than your Lunas and Celsius and HEX projects and problems that are declared to be unregistered securities. Now they're under the gun by the SEC, and so they have these uncertain futures. And, uh, so as you guys can see, we're talking about totally different things here, right? So I'm not saying I don't have fun with projects like HEX. And XIN, you know, XIN, it has its problems, but you'll see me champion XIN a great deal more because it understands, I believe, the concept of Metcalfe's Law, right? And it's moving in a way that makes a lot of sense for meeting growth and inflation, right? Against deflation and so on. And so these are economic principles I can see in that that works. Um, the blockchains that they choose to be on, I think, is a hindrance, and I don't think that was well thought out. But they still— I still would look at them as a step well above the HEX and Pulse community, right? I would see them as having a much more sophisticated understanding there. So if you're locked in HEX again, I think you might still have an opportunity to make some money, but I think it is going to reach a time with HEX in the Pulse community where hyping up a project, and that's the only reason you guys are there, just to kind of hype it up to hopefully the market goes up and some of you get rich and some you don't. I think that's going to play out with a lot of people, and I think it's already starting to do that, and a lot of people are going to in the future and from this point on see many projects like HEX in the post-community. They're gonna start to relate many of these projects to one another. And I do think they're going to begin, especially as better projects come along like Bitcoin NYK that can bring them economic prosperity by a better approach, right? I think you're gonna see a lot more projects popping up like that, especially with the rise in technology as such. And because of that, you're going to catch people not going for the hype anymore. Because if you really think about it, that's all these projects really got to try to hype up, uh, you enough to get in like a, like a game of hot potato, right? And try to get in and out. But use cases and use doesn't require any of that, right? You're using the projects because they're fulfilling a function, a need that you have, right? And so with something like Bitcoin and what Candace says is dividend, you're talking about balancing out the problems that advanced technology is bringing us in our job markets, right? Now, some of the evolutionary biologists would say something to the effect like, well, what is happening is that Homo sapiens, right? Human beings, the size of their cranium is limiting the, the storage capacity of their brains, right? Meaning that the, we're getting at a pay, a point where we're being outpaced by computers and we need solutions to solve that. In other words, we, we're not, uh, smarter than the computers, right? In fact, one of the, uh, big, big tech guys who worked at, um, Google who just retired. He had a theory where that human brains were the best models and that it was all about making computers more like the human brain. But now they, they've reversed it. Now they're saying that our brains are the ones that are limited and the computer brain model is the best, right? So that just came out this week and it was big in the news. So what, so, so what I'm saying is Bitcoin and YK is so far ahead of most cryptocurrencies because it's addressing real problems and bringing economic prosperity to real concerns, right? Solving real problems. Whereas if you just are going at things from just an economic standpoint, hyping up these cryptocurrencies through these bull market cycles, well, yeah, you're going to just play hot potato all the time because there's really nothing, uh, there's no substance there, right, to these projects. Just like if you look at something like HEX, if Richard Heart's not on the mic, you know, hyping it up or trying to create something else to go along with it, you know, oftentimes it's suffering, right? It's spending more time, uh, suffering in the markets than having positive outbreaks. So That's just something to think about, guys. It's not bragging on, you know, the HEX community. I know you got some— you guys are kind of either stuck in there now or you're just hoping for the best. But there's going to come a point in time where you're going to really have to analyze what's going on with these cryptocurrency, uh, projects, and are we contributing to, to, uh, you know, many of these issues in, in this crypto culture in these, uh, communities, right? And I, I think the answer is a resounding yes, that that's what we're doing. But, uh, the easiest way to get out of that toxic culture-like behavior, I would say, would be to join projects like BitcoinMYK, right? Join them today. It's absolutely free. Uh, and by joining it and getting involved, it's not only will it take your mind off of the losses you're incurring in HEX right now, but it might even introduce you to a new approach to cryptocurrency that might be a lot healthier for you, a lot healthier, uh, for you, right? But that's all I want to say in this video. Until next time, as always, guys, take care of yourselves and each other.