You know the reason why I would not lose faith in Bitcoin when Bitcoin hits $ 1,000. I know a lot of you guys are gon na agree with me on this kind of. We have a lot of very long-term thinkers on here, which is why I'm super thankful for the community. We have on this channel guys you guys are the best community out there by far both the reason I think about this is because people would kill if they could go back in time to buy Bitcoin at $ 1,000.
Why would you you know? We can't time travel yet that's not happening yet. So if we hit $ 1,000 now, why aren't people celebrating you know people always say I wish I could go back and buy Bitcoin in 2010 navigate to this website. You know, but obviously we're I don't think we're going to 2010 prices, but a lot of people would love to buy Bitcoin, go back in time and buy a Bitcoin at $ 1,000 you'd be up to you, know 3.7 X your investment right now, even during the Beer market you'd be up a ton. A lot of people would love to buy it at that price. But yet, if we go down to that price, most people gon na panic. Again, it's a very, very strange thing that happens. I personally love trading based on psychology. I love that type of stuff. There is obviously technical analysis is one side of trading and investing long-term, I think, or like mid to long term. Psychology plays a very, very big role in understanding how humans work. It'S a fascinating thing. Definitely not something. I'M gon na go into detail about right now, but it's very, very fascinating about how that happens. Again. People would love to go back to buy it at $ 1,000, but they wouldn't love to buy it at $ 1,000. Now I don't, I don't get how that works either way. I know I am going to be paying some of free to drop to $ 1,000 overall still believing in what it stands for and what it can do, and that's why I will remain bullish on it and why I manage to remain positive on cryptocurrencies in the Long term, even during the bear market - guys - that's gon na be for this video. Hopefully you guys did enjoy. If you did don't forget to leave a thumbs up and leave a comment down below in order to enter a chance to win some free, Bitcoin and, of course, be subscribed and have you know if cages turned off, so you can check back in to see if You did win so you can go ahead and claim it, but guys. Thank you. So much for watching I'll see you guys tomorrow for another video
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Obviously that's a big one. There is there are reasons why they are successful when it comes to investing. They know the times to invest, they know the times to sell, they know how this stuff works and when everyone is panic selling, you know Warren Buffett says you know you make your. The majority of your money is made in the bear market. Every time people are selling financial situations are buying in to make more money. So keep in mind every time you sell some of your cryptocurrency every time you panic, sell it's going into a very wealthy pocket who is accumulating and waiting to become even more wealthy.
I do believe this is happening. Obviously there is no 100 % proof of which financial situation of what they're buying or what it is, but I personally do believe they're doing this as they do also speculate. They are. They are also predicting that we are going to see another bull run. It'S going to be, you know eventually passing the all-time high, so therefore being bigger, then the bull run we had previously and they they want to capitalize on making that money just like everyone else. Does now the mark cap is at 122 billion, with a 53.3 % Bitcoin dominance again overall guys on most timeframes. Things are not looking bullish. Things are bearish on the you know the for our last time I checked the one day, the one week, the monthly we're waiting for the month to end so that we can open up, obviously the new candle for the new month. That'S definitely something I'm gon na. Be looking out for as well, but overall in indicators are bears. We have the possibility, of course, of having a little bit of a bounce up, but overall, the main direction. A midterm at least right now is still of a bearish Bitcoin. Now we're going to talk about the Bitcoin supports in just a little bit. I want to share with you guys what the change at the top the changes are. Bitcoin private is up 16 % zelicah up 6. A person as well did you bite is up almost 15 percent Raven coin maker nem Komodo a lot of cryptocurrencies are in the green again more in the red, though so. Overall, we are having a red day technically, just because the number of cryptocurrencies in the red are larger. Factum is down almost 15 %. Oh then Bitcoin SV, apparently Bitcoin SV, has declared an end to the Bitcoin cash hash wars. I don't even know I'm not keeping up with any more guys. I can't I cannot to be bothered to keep up with a hash war anymore, they're down a little under 10 percent. After having a very large rally where you know, it's had a large rally, I'm not going to comment on the reasons for it, because I'm not a hunter SN sure. So I don't want to say anything that is incorrect. Steam is down as well cos a lot of people losing faith in iOS down down 7 % as well. Also, we saw a large amount being transferred to finance. I don't know if that's been sold yet or what the status is with that, but I did see a notification that a lot of them a lot of a OS got transferred over golem is one that I am bullish on in the long term as well. It is down so another opportunity, basic attention so again same thing. Stellar. I saw questions about that. Yes, I do. I am bullish on stellar in the long term. Again, in the mid term, I think we still have room to fall for Bitcoin, namely the prices. I'M looking at and I get a lot of questions about the supports, I'm looking at guys. This again would help with dollar cost average. This is where I have again, not financial advisor there's, no financial advice just share with you guys what I'm doing so, I'm going to share with you guys where I am buying what levels I am buying Bitcoin at, so that you guys can get an idea. So we have a weak support at $ 3,500. If we do hit that's not going to take a lot to break, it is a weak support at $ 3,500. That would be one point where I could buy a little more next up. We have very strong support at $ 3,000, and that is where a lot of people think we're gon na bottom out. It is a very it's, a very big possibility that that is the bottom. Now that's gon na, be where I pick up a little more Bitcoin and lastly, we've seen people say the one thousand two one thousand three hundred dollar range. This is one I want to touch on because, although that does seem scare and a lot of people would, you know, lose faith in Bitcoin again if Bitcoin hit one. This is like okay, a Bitcoin for $ 1000, or I bought Bitcoin for $ 10,000. I'M gon na cash it out when it hits a hundred thousand so that they can have more fear. So those are two things that are going to hold the cryptocurrency market back from overtaking the fiat market. Now is it possible? I do 100 % think this is something that is possible and though we have people out there saying like Nouriel Roubini, who says that bitcoins, the mother of all scans, which i completely disagree with and warren buffett saying that bitcoin is an asset that creates nothing again. I don't think he fully understands the point of it.
I do. I do think there is the possibility of beating out the current fiat market because of how much better it is overall - and I think it has some very strong selling points. We'Re gon na have to wait and see what happens. Of course, in the long run, no one has a crystal ball. No one can predict what's going to happen, but again there are definitely several things holding cryptocurrency back from doing this, and the two things I mentioned are the main two that come to my mind when I think about it. But again there are a lot of bright spots. There are a lot of selling points that I think are going to help. Cryptocurrency do very, very well moving forward as well now he's stuck by his prediction of $ 250,000 in 2022, which again is tied to fiat. So this surprise, where people would be looking to you know cash out if they bought in at 20,000, maybe they bought in now at like 4,000 $ 250,000, a lot of people want to buy their Lamborghini. A lot of people want to buy their Lamborghini in Fiat. A lot of people don't want to buy a Lamborghini in crypto currencies when cryptocurrency replaced yeah. That'S not what most people are thinking about, but again I'd love to know what you guys. Think of this personally, like I said, I think the possibility is there. The opportunity is there, I think, eventually getting to that point makes sense unless something better comes along. I think getting to that point makes sense, and so far I'm still a believer that this is a possibility. Now, moving on, I've got a lot of questions about this. O KX, which is the second biggest cryptocurrency exchange after finance. They have delisted a number of trading pairs on this, not the first time they did it and we're seeing exchanges use this. Bear market use. This drop overall to you know clean up things on their side. So they're, taking out this in particular, was taking out trading pairs with weak liquidity and low trading volumes in order to make it a better it make it a very better experience for users, which again is something I can understand something I can support. But if you scroll down the list you'll see a very large amount of you know, get some very no notable names on here, bread being one of them, bread was nicely otha. A lot of people are very excited about. Dent is another one that is very, very um. Very much talked about self keys, another one that I've heard a lot of people talk about simple token, another one rated network, another one requests network, one that I like also seeing that now. This is to the etherium trade price. You guys can see what the effective trading pair or pairs are. Some of them have big coin to theorem and USD T. It'S not looking to get for debt on here and others. Just have USD T just have BTC. So you can scroll through you know. Some stratum is another very big name on here. Overall, there's a lot of cryptocurrency that I don't know, but there are a lot of other ones that you know have some very reputable names and worth some that people were very, very bullish. Oh no! This is the third, a batch apparently of D listings from okay X, against something we're probably gon na see a lot of exchanges to do moving forward, probably not the last we see of this. If there are, you know if there is weak liquidity. I understand the reasons for taking it out now: they're, not fully taking it out, it's just specific trading pairs, so hopefully that clears a little bit of that up. Next up, Nasdaq is may they might soon launch Bitcoin futures in 2019, namely, I think early 2018 is what most people start or what people what people reported was. It may start start trading in early 2019. Again. This ties in perfectly with all the other bullish news. That'S happening for that. It looks like it's gon na happen for Bitcoin and crypto currencies in q1 of 2019. So maybe again, all this stuff piling up could be the indication for the next bull run. How we still have people predicting we're going to be in the bear market, for you know a year or two, there are a lot of good signs moving in 4/20, 19 and another thing to keep in mind is that every time you sell every time you sell Your crypto currencies chances are, the person buying it is, is either it's either financial situations, it's a guy on Wall Street. It'S one of these guys are probably buying up your cryptocurrency cuz at these price. I do not believe that they are not accumulating as much as they can via there's a reason why they make money in investments, there's a reason why their success rate now taking manipulation aside. |
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