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Bitcoin is dead! That's what they want you to believe.
I think it's far from dead and I believe it's just a matter of time before the crypto market cap goes back to ATH's and beyond.
In today's video I go into detail showing various markets, booms, busts and investor psychology to illustrate why what's happening in the crypto market is nothing new or unusual.
Disclaimer: This is NOT financial advice, purely for educational purposes and reflect my personal opinions only (which may or may not be correct). Cryptocurrency is highly volatile and a very high-risk investment. Please do your own research before investing into cryptocurrency and never invest more than you can afford to lose.
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I watched the first 3 minutes and I found at least 2 lies. 1. The title says Bitcoin is dead and then he tries to persuade you to buy Bitcoin... 2. He doesn't mention the fact that 1 year ago only a few people knew about bitcoin and the price was not fair, but now almost everyone knows about bitcoin and that makes the price quite fair... Guys don't let these people deceive you. Bitcoin is useless in practice. Given the high fluctuation in its price you can't even use it as a currency. I'd rather use my credit/debit card and buy things quickly and easily. Even Google and Facebook banned Bitcoin's ads. It's up to you to trust the videos from some jobless people like this guy or believe smart people from Silicon Valley and Quants from US largest bank, like JP Morgan. Your decision.
Keys to Freedom Crypto Diggy you have over 5K subscribers and the views are over 10K. You did scare the shiz out of people, maybe a question mark instead of an exclamation mark was needed. Anyways you did get a shiz load of views, so if that was a strategy you deserve props.
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the problem with Gold and silver is that we all get old and is not a good investment unless the stockmarket fucks up but is very protected by fund managers and then goverments will pump money in to buy stocks to not have a 1929 situation,bitcoin and altcoins before 2017 not many people new and didnt get the attention of goverments and wall st and dickheads,now with the futures market and constant fud and people buying on fomo and panic selling and now everyone expecially on utube calling for bitcoin to be 5 or 6 or 3 .Now that confuses people to get in and if utube ,facebook etc ban then that might be good to get crypto to be under the radar again as crypto should be not centralized at all which is what there trying to do
Bitcoin price raised because people bought to earn their income through lending platforms like bitconnect, when bitconnect shuts its operation bitcoin price falling... bitconnect should come back to increase bitcoin price....
Anybody, who has 5 minutes of free time is a crypto expert. Guys, you should start LISTEN a previous videos from those guys. They are bluffing like crazy. They don't even understand what is difference between the currency and money. This is total wasting of time.
Haha, wow what a bunch of suckers in these comments. If you got in a year ago or more and sold by January 2018 or sooner you could have made a ton. unfortunately it's over. You can point out anything you want, you missed the boat. Take your profit or losses and move on to something productive. Quit holding onto the dream, it's over. Period. ...oh yea one more thing, why don't all you losers go join a pump club or something.... pump Club.... can you fucking believe that shit? If you pumped and dumped in securities you fucking go to jail fucking thieves. The funny thing is people think that pumping and dumping is ok. Your stealing from other people you loser. they sit there and talk about it live streaming on the exchange and they think they're smart when they're actually bottom feeding criminal losers that should be locked up. also, did you ever wonder why there so many coins? I'll give you the short reason it's because people at the top want to make a ton of money and weather you win or lose makes no difference. There is almost zero regulation. why do you need over a thousand different coins that all do the same thing?...duh it's not rocket science. good luck with your shitty Investments
what a shocking analysis. It doesn't matter that ether was 25 bill and is now 250 bill. What matters is WHERE will it be in a month, 2 months , a year etc.
eg KODAK was the market leader for decades. When circumstances changed it crashed to worthless- get the point???? I doubt it.
Crypto markets are incredibly accelerated versions of other markets. There is nothing new in terms of market movements, that was the point I was illustrating.
Go find me a better example then instead of just being lazy and criticizing.
I watched the whole video and I know you aren't. But how many people will watch the whole video? definitely not everyone. I may have been a little hard on you, but it's like the 10th title like that I have seen today, and it may contribute to the sell-off. Let me rephrase: please don't use click-bait and / or fear inducing titles like that. Thank you.
Im loving the rsi support line on your ethereum chart.it looks like we will see a bounce very soon for a good short term trade on ethereum.that rsi support goes way back and super unlikely to break through that.i will be buying at that level :) good luck guys may God give you all the wisdom to buy at the right time
MrFourkinghell i actually use rsi,macd,moving averages,fibonacci retracement and extensions on several different time frames to paint a beautiful picture of where the market is heading. I also set my stop losses very tight but they are rarely triggered.my techniques work for me while day trading.i consider it a form of art :) peace
listen dude, I am growing some tomatoes in my backyard currently. They seem to be flourishing. Can you come over and put an RSI on their progress for me please?
Don't you realize that is RSI, MACD or any other indicators are useless? They were invented to promote/increase trading so the trading house could churn and create commissions. If they were any good it would just be a matter of following them and making a million a week. But that doesn't happen does it?
This concept folds into the utter stupidity of trying to make sense of cryptos. As soon as they became mainstream- hey presto they are now chartable. come on, open your eyes.
ps- "It bounced right after your comment" wow ! Chart the same scenario 100 times and let me know if it behaved the same way all 100 times. Don't bother doing all that work because I can tell you the answer- no correlation.
Chartists are very fond of pointing out all the "wins" and ignoring the losses.
Hi-thanks for the excellent video. Maybe we can change the title slightly the next time. The media and naysayers are playing on the fact that many you-tubers are now themselves predicting the end of Bitcoin. Many newbies/weak hands do not have the patience to watch videos to clarify matters either. Just my two cents:-)
Wow! You are overlooking too many facts on why the bitcoin move is over.
1 New money (suckers) drove the price to near $20,000. They will never return to lose again. No more suckers will come in.
2 Bitcoin is not a market and is based on nothing but a line of code. When the average holder realizes bitcoin is nothing, they will lose interest. The process has begun. It is a Ponzi Scheme that someone convinced you to buy.
3 There remain too many perma-bulls thinking bitcoin is still going higher. The sentiment is overwhelmingly bullish. That is bad news.
4 Whales have not sold their positions. Once the large holders of 10k-1 million bitcoins sell their positions, they will not recover. They will sell every rally until they have liquidated and someone else will hold their bag. The facts of bubbles.
5 Bitcoin has made mainstream coverage that help create its bubble. The bubble has burst. That was the bubble top. This top does not compare to prior low volume tops.
6 Bitcoin has broken through its up trend line and through its death cross at the same time. While this fact alone does not make it gospel, it confirms the other observation that the rally is over permanently.
7 No central bank or country is accepting bitcoin. It will not be a currency.
8 Regulation will force crypto into a dark corner and it will fade away. Its coming.
9 Futures have wreaked havoc on bitcoin and it can be moved all the way down.
10 Those not reporting profits on their tax form will be subject to auditing. The IRS has been granted approval to track large sales similar to bank transactions.
11 The technical analysis for bitcoin is bleak.
12 The rule of bubbles: they never recreate themselves in the same market eg. tulips, dot.com, bitcoin
It will go lower and not recover this time. When a commodity is based on nothing, it will eventually return to its true intrinsic value. No force on this earth will bring it back. When you study the history of bubbles, it will become clear to the average person.
A ponzi is a false promise or hope that a no value investment will offer a high return to new money coming in for the benefit of the initial holders. The promise perpetuates itself until a frenzy or bubble forms. The original holders exit and go into hiding to receive their reward. Market forces take over, inevitable selling pressure takes over, and the ponzi is exposed. Bitcoin will go down as the largest bubble and ponzi in history and the whales won again. Another history lesson.
Bitcoin does not even fit a form of fiat, as fiat is backed by their corresponding government. The dollar is the world reserve currency, giving it as much strength as any currency there is. The next alternative is gold. With coin as no intrinsic value and is controlled by whales. Now, the whales are selling out to preserve their gains and a diminishing population of new buyers are coming in to lose their money. Bitcoin continues to spiral down as is the case with all bubbles.
Real wea;th, the type that lasts generations is not in a computer token. It's in tangible assets like income producing land. Remember Bitcoin is just another form of fiat. It is good the governments can't print it but its also bad that Satoshi kept 1/21 of it for himself. It's a zero sum game where late adopters make early adopters rich.
Jim you speak a lot of truth, but it's not a ponzi, it's a greater fool scheme. I think your right this bad news is making it hard to recruit more money into the scheme - existing owners are the main form of marketing and they are being drowned out by bad press. Lots of crypto enthusiasts can't seem to see we can create an unlimited amount of cryptos and the word blockchain is no longer flashy and hype building. I'm not sure why they are not creating more Tether to prop up the market.
I think we are in the denial phase, this has bubbled before so it may not be the last time it bubbles. Remember the willy bot was responsible for the last bubble.
I hope that it is money they can afford to lose. The capitalization of crypto has declined from $850m to $250m. It is wise to invest in your own infrastructure and expand your business. ITW sounds awesome.
The miners are interested in finding a nonce which will create a hash with certain characteristics. Lastly, they have to find a random value that they included in the header, which makes the computed hash over that header a value below a particular target. In other words, they do not have to agree to change the protocol. Though there are a few gold diggers attempting to fill their pockets and certain projects that aren`t viable and shouldn`t be encouraged in any way. For users running a complete node, it is a fairly painless procedure to upgrade the software to the newest version. The process of locating a new block to extend the blockchain is known as mining. Proof-of-Work systems utilize cryptographic hashing algorithms to create the action of mining a block a complicated computation. Our software is totally incompatible with altcoins. Changes and modifications to how that it works need to be approved by consensus and every CPU gets a vote. To start with, it`s essential to realize that hardware wallet users control entirely their private keys. Whether you`re bullish or bearish on Bitcoin Gold, you ought not lose your coins as a result of careless mistakes! On the 1 hand, it may result in making a coin that solves all the pending issues. There`s no currency or digital asset named Bitcoin Core. Bitcoin Cash increases the range of transactions that may be processed per block. You could send any quantity of money, any place in the Earth, almost at no cost. You`ve made some great money already on the market, but you want more. For a wealthy individual, BTC`s price premium may be viewed as a plus. For someone without lots of money, BCH`s low price may look like a great deal for Bitcoin. If you have some concerns about the worth of Bitcoin after all forks, you need to be ready for a drop. The distinction is that not all of these suffer the chain split. The primary problem is Bitcoin imposes a hard limit on the magnitude of a block, the location where transaction information becomes stored. The end result is many straightforward wallets, called SPV wallets and very commonly found on your phone, will be quite confused about which chain is Bitcoin. In Bitcoin, the most important reason is known as the network effect.