Bitcoin will Crash on THIS Day Along with Cryptocurrency

The crypto markets are pumping right now but little do people know that bitcoin will crash on this day along with cryptocurrency in general. Watch to find out when, and what is the best crypto strategy ▶ Subscribe for more videos: https://bit.ly/3aLgeH8 ⚡️ Become a VIP Factor Member: https://bit.ly/44kZFgv

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Be advised that I own a diverse portfolio of cryptocurrencies and wish to remain transparent and impartial to the cryptocurrency community at all times. The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video and all videos are solely the opinions of the speaker (Paul Democritou) who is not a licensed financial advisor or registered investment advisor. Purchasing cryptocurrencies poses considerable risk of loss, are extremely volatile, high risk and should be used with caution. The speaker does not guarantee any particular outcome. Past performance does not indicate future results. Some of the links above are directed to my own products or are affiliate links where I may receive a small commission at no cost to you.
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All right listen everyone’s bullish on bitcoin and cryptocurrency right now and don’t get me wrong I’m bullish myself I mean I called the Bitcoin bottom at 15.6k last year before it even happened and was begging people to get into Bitcoin salana and other cryptocurrencies that did very very well

But as I said many many times I do expect a dump before the Bitcoin having and listen it’s going to be a pretty severe dump now everybody has been saying there’s going to be a dump in Bitcoin a 20 or 30% dump in Bitcoin since the beginning of this bull market on the

Contrary I was saying that we’re going to see this dump possibly when we get to 40 to 50K as a matter of fact I call a 40 to 50K Bitcoin by the end of this year by the end of 2023 back at the end of 2022 and the beginning of 2023 the

Question of course is when is this Bitcoin dump going to happen what’s it going to do to cryptocurrency and altcoins and the markets and what’s the best strategy to follow to protect yourself and maximize your profits and of course has my prediction changed at all now something to keep in mind right

Now something to keep in mind is that if you are watching this video you’re either watching it on YouTube or in the VIP Factor membership area I mean if you are a VIP Factor remember you’re watching this video before you’re watching this video earlier than everybody else but I want to release

This video to everybody in time because I feel it’s very important so I will be releasing this on YouTube very soon so everybody can watch this video it’s just that if you are a VIP Factor member you get various perks such as watching this video earlier than everybody else you

Also get to see posts you get to see updated portfolio videos you get to see some exclusive content and so on now if that’s something that interest you check out the link down below check it out and see if it’s for you but generally speaking I put most of my videos if not

All my videos out for free so don’t feel obligated to do so it’s just something extra to help support this Channel and also get some extra perks for yourself all right now let’s get serious because this is important so if you need coffee or a notepad or anything like that pause

This video right now go get that stuff and let’s get started so there are three things that Bitcoin can do right now the first is for Bitcoin to dump the second for it to continue to climb higher and the third to continue going sideways in our current range now of course this is

Pretty obvious but we need to see the probabilities of each one if there are any Catalyst to support each one and how altcoins will react depending on which scenario partakes and to do this we need to address some myths and misconception so we can get the bigger picture here so

The narrative right now is the Bitcoin ETF everyone’s waiting for a Bitcoin ETF and although a lot of people are making different calls about how Bitcoin is going to react and what it’s going to do because of this ETF I think they are missing some key factors here so number

One you have the bearish crowd you have the Bears and they are comparing the Bitcoin ETF to bitcoin Futures in the past which what happened was there was a dump basically that was the signal of the top of the Bitcoin and cryptocurrency bull market the problem

With that thesis is that a Futures ETF is not a spot ETF which is what we’re potentially getting right now see a spot ETF is different because you have to buy the underlying asset in order to make a spot ETF this causes by pressure for that asset in this case by pressure for

Bitcoin that said a lot of people are saying this is a sell the news event because is basically Bitcoin won’t have any news after that there’s no news to look forward to and therefore it’s going to dump but this is also false because a Bitcoin ETF will birth a lot of hedge

Funds and money managers selling Bitcoin to their clients as well as pensions and 401ks getting involved here so although Bitcoin may make a small dump it might go down a little bit I don’t think it’s going to get that 20 30% dump that we’re expecting once this gets approved Now

Understand this the Bitcoin price did not dump as soon as Futures got approved in the last bull market Bitcoin dumped once Bitcoin Futures started trading and the Bitcoin spot ETF may start trading one or even two months after the approval of a Bitcoin ETF so if you subscribe to this narrative if you

Subscribe to the sell the news event bitco coin will probably start dumping a couple of months after the approval once it starts trading now could this be a shorter time sure but a lot of people are going to get wrecked wanting to sell the news then Bitcoin continue going up

Then they’re going to f in then it’s going to dump that does that make sense Also let’s not forget that this time we’re in the beginning of a bull market we’re in the beginning of a crypto bull market last time we were at the end of a crypto bull market this is very

Different and can shift everything making this narrative not apply so things can work out very different than most people expect now let’s talk about the bullish case here let’s talk about the bullish case for Bitcoin and the Bitcoin ETF well the bullish case is very simple Bitcoin will start pumping

Like crazy on the ETF news or on the release and this will be second winded by the Bitcoin having amplifying and compounding its effect now this is all great and dandy but this may account for Bitcoin sucking out liquidity from altcoins so while Bitcoin is pumping altcoins are stable or just

Not catching up to bitcoin while maybe ethereum as an exception pumps as people are anticipating an ethereum ETF next and they see what this is doing to bitcoin is pumping like crazy so people start getting into ethereum from altcoins and into Bitcoin from altcoins so this may result in Bitcoin ethereum

And possibly salana pumping like crazy while altcoins are just taking a back seat now the third scenario and stay with me here because I’m going to tell you what the best strategy is in just one second for all three scenarios but the third scenario is Bitcoin trades

Sideways or goes up a little bit until the Bitcoin ETF and then it just dumps taking altcoins with it now this would cause a tremendous significant and amazing dump in both Bitcoin and altcoins and then we’ll start seeing Bitcoin and altcoins go up a few months after the Bitcoin having and finally we

Have the fourth scenario here where Bitcoin just trades sideways till a few months after the Bitcoin having nothing significant happens and that should cause altcoins to shine you should make significant profits on altcoins in this case so what do I think is going to happen and what do I think is the best

Strategy here well look we don’t really know which scenario is going to play out here I mean we can anticipate but we don’t know which one of the four scenarios is going to play out but here are my thoughts on what the best strategy is to cover every single

Scenario and probabilities as best as possible so until the Bitcoin ETF gets approved or disapproved we want to start taking profits from altcoins into Bitcoin and maybe ethereum this is because Bitcoin typically dumps less than other altcoins so basically you can always buy altcoins with Bitcoin if

There’s a dump but it will also keep you exposed in cryptocurrency by holding Bitcoin in anticipation for the Bitcoin ETF especially if the Bitcoin ETF gets approved and Bitcoin starts sucking out liquidity from altcoins this way you can protect yourself with Bitcoin keep being exposed in cryptocurrency but also by

Dumps or potential dumps with Bitcoin so it pretty much sets you up for all scenarios now in case you’re wondering when this will happen or when this will play out well it’s likely to play out at the end of December or beginning of January so maybe the first 10 days of

January 2024 but of course we have to see the charts it all depends on what’s happening at the time but basically this is sort of a guideline here now keep in mind that this all sounds nice and dandy but it’s going to be very hard for you to take profits from altcoins into

Bitcoin and the reason is altcoins may be pumping hard they may be pumping very hard looking like they will never stop and greed fomo and other emotions might take over but you have to understand you have to take profits don’t let the market take back your profits especially

If you’ve made a lot of profits so far now the second thing I mentioned was taking profits also into ethereum the reason I’m saying to take profits into ethereum too is that if we have an outseason ethereum will more than likely pump especially if there’s a Bitcoin ETF

Approval as ethereum is the next anticipated ETF approval so that way you’ll have exposure in Bitcoin and ethereum and possibly salana if you want to at this point I’m not too sure about that one that’s a risk play at this point but but that will give you the

Best odds of success now of course this is riskier in my opinion but it is a valid play and that’s what I’m going with myself but here’s something very important this is extremely important so make sure you pay attention here you may want to take profits into usdt or some

Other stable coin as well during this time now I personally don’t like getting out of crypto during a bull market especially the beginning of a bull market but taking profit in usdt as well may give you some more options first of all you can buy the dips both in Bitcoin

And altcoins not just use Bitcoin to buy altcoin dips and what I personally do is keep some of that usdt on the side to buy those potential dips or if it keeps on going up by lagging cryptocurrencies and crypto altcoins remember there will always be opportunities in crypto in

Bull markets new releases new new idos you name it or if the markets continue going up take some of that usdt and live a little get rid of depth go out have some fun buy some ice cream you deserve it so what’s the play here let’s gather

Our thoughts for a second because we want to get this right around the end of December or the beginning of January the first week of January start taking profits and you want to start taking profits from altcoins into Bitcoin and ethereum possibly salana let’s just say Bitcoin and ethereum and of course some

Usdt depending on which strategy you prefer following here this will set you up in play for the Bitcoin ETF narrative if it’s approved we may see a small dip before it continues going up and then we may see a massive dip once it starts trading we don’t know this for certain

It may continue going up it doesn’t matter because we’re in play here and if we do get a dip if Bitcoin does does dip it’s okay because we can still use Bitcoin to buy those altcoins if that makes sense and believe me altcoins will be Dirt Cheap when that happens altcoins

Are going to get blasted and that’s when you will see which altcoins will react to this and set yourself up for an altcoin portfolio for the second phase of this bull market of this crypto bull market and that’s why I kept on making videos that we’re going to re-evaluate

Our portfolio after we see that dump for those of you that watch my videos who know we’re anticipating this to see the best kind of altcoin portfolio we should have to keep going forward to move forward while some altcoins are going to hold their price While others dump but

Bounce back faster we’ll see which ones are stronger and whether narrative or which narrative we shall follow when that time comes now if Bitcoin does not dump that’s okay because you’re still holding Bitcoin and you’re still holding ethereum so even if everything goes up you’re exposed you’re good to go and you

Have potentially some usdt on the side as well to pick your lagging coins or get into new coins and New Opportunities then we can re-evaluate just know that it will dump at some point probably before the Bitcoin having this is inevitable it always does people need to

Get wrecked nothing goes up in a straight line especially in crypto and the markets have a way to get people wrecked that get too cocky or think they are geniuses when they are investing in trading crypto and believe me I know it sounds harsh but this is reality and I

Already see some people in my life that don’t know what they’re doing and they they think they’re Geniuses and they’re getting too cocky they’re going to be in for a rude awakening believe me trust me happens every time I mean look what happened to the xrp Army and how cocky

They were and what xrp price did for the last couple of years finally let’s see what the ETF news actually is and how everything’s going to react to the ETF news will it get approved will it not get approved how is everything going to react to this how is Bitcoin going to

React to this and then we’ll just make our play from there but we’ll be set up accordingly to be able to react and take full advantage of this just one more warning here that you need to be aware of before I end this video there are some indicators that this bull market is

Actually going to end at the end of 2024 beginning 2025 I know I know you don’t want to hear that but it’s true and this is especially true if the ETF if the Bitcoin ETF gets approved as Bitcoin will probably be more correlated to the stock markets and the stock market look

Like they’re going to top out by the end of 2024 beginning 2025 I mean there are certain indicators that point to this macro is pointing to this and technical analysis and historical graphs are pointing to this and it’s going to catch a lot of people

Off guard it really is and it has to do that not everyone and their mother is going to get rich a lot of people are going to get wrecked and most people that are going to get wrecked they would have made huge profits not taking profit not realize those profits and again ride

The wave down they’re going to buy the dip into Oblivion just like last time the time before and the time before that now there is a chance that Bitcoin Bitcoin itself actually decouples and becomes a hedge to this if it’s a broader economical crisis and and I

Might actually be wrong and we may actually have a longer bull market than I anticipate and and it goes to 25 26 but I really hope not because if that happens we’re probably going to see a major crisis after that like we’ve never witnessed before now again it’s too soon

To tell I’m going to be making a video about this and about my thesis later on so make sure you subscribe down below and hit the Bell notification button so you don’t miss that video and if you want to watch another video this video right here is extremely important make

Sure you don’t miss this video take care and I’ll see you in the next video