I Was Wrong About The #Crypto Market…

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What’s up you guys it’s Matt here so I want to take the time in this video since it is the end of 2023 to tell you guys that I was wrong now what was I wrong about um I was wrong about the crypto market right I thought the bull market was going to

Happen in 2023 it did not happen now technically the bull market in my opinion and what we have seen in a lot of other people what they would say about this has started in 2023 right technically some people might say even started in 2022 when Bitcoin was

Starting to creep up and you can see that trajectory there but you know the official bull market when we see things that really start to fly altcoins as as well as Bitcoin and even ethereum and all these other uh cryptocurrencies up in the top 10 will start to really run

That’s when we start to see the bull market activity bullish activity so even though it’s a technicality I still want to admit that I’m wrong and the reason why I want to do that is because I thought we would see major movement in 2023 for everything not just Bitcoin I

Thought we would see that and honestly we should have and I’m going to go through in this video the reasons as to why that didn’t happen um whether I was just wrong because I didn’t know what I was talking about or whether I was wrong because other things did happen so guys

Make sure you hit that like button hit that subscribe button and hit the notification Bell for more of these videos also make sure you check out some of the links down below it does help out the channel Channel and if you want to follow me on Twitter follow me on

Patreon you can definitely follow me there um now also don’t forget about my Marx account I’ve been having a lot of success with Marx and I’m currently having some pretty major success um with Marx I have two trades that are open right now for just $10 a piece but I

Traded them at 100x leverage and 50x leverage and one I’m up about 4% the other one I’m up 222% or $15 so uh I didn’t invest a crazy amount but you know just kind of testing out the market and also uh testing out how I can day trade more effectively and what

The strategy should be within cryptocurrency so if you guys want to start trading with Marx honestly it’s a really really good platform I’ve been preaching about it for the last maybe month and they are partnered with the channel but they’re partnered with the channel for good reason right because I

See the opportunity and being able to day trade and swing trade with that platform so feel free to go and check out that link down below you can TR up to 100x leverage on things like Bitcoin on ethereum on BNB 50x leverage on xrp and salana and then 25x leverage on some

Meme plays like Pepe or shainu so definitely go ahead and check out those links um or that link in the description but while we’ve seen with the market right I want to go into look at the entire Market currently the market is up to a $1.67 trillion do market cap and

Before I’ve put out videos uh talking about talking about the crypto bull market and how things can go to a bull run or or whatever how they can get to a certain level and this was in 2022 and how 2023 was going to be a bullish market right well we didn’t really see

That within 2023 right we saw maybe Bitcoin that was starting to creep up after it hit its lows but things really did fall down and from where I talked about those thing those positions they were at a much higher price than where they were you know even now some of them

Are were at a much higher price than where they are right now but uh Bitcoin has definitely moved up it definitely creeped up within 2023 and now we see 2024 and so many people are hype around what will happen right with this play as well as with every play that’s in the

Crypto Market So currently like I said you’re seeing it at a $ 1.67 trillion market cap and if we look at uh the entire uh Market if we wanted to look at the entire C crypto Market here and just click on everything we’re going to see

How this has looked in all history right we saw this within 2022 where things did creep down and then we started to see things pick back up and more recently within the end of 20 uh 2022 we started to see everything pick back up and that’s because of Bitcoin not because of

Everything else because of just Bitcoin so um honestly was 2023 a bullish Market that’s really for you guys to decide whether it was a bull Market is it the official bull run the max Bull Run that we expected to see no and I can go out

And say that absolutely not it was not the largest bull run that we were supposed to see it’s not the impact that I was preaching about in 2022 and I want to learn from this scenario right um and the things I want to learn is like what

Type of things could happen to make it not be the case not be the the Bull Run not be the bull market and honest honestly when I went into it and I brought in all of the the other side it was always about what the the history

Looked like and what we typically see and what the market looks like outside of the crypto market and that’s really what kind of stemmed like a lot of the negativity so that’s why I was like it doesn’t really look like we’re going to have a major amount of negativity there

Unless some major thing hits and what happens right we see you know collapsed exchanges we see the SEC decide to pretty much Sue everyone and as you have any type of positiv that comes up the SEC goes nope we’re going to take that away from you so you have the Ripple

Versus the SEC xrp is labeled as not a security what did they decide to do before that decision even comes out they know that it’s going to be a decision that goes against them so what do they decide to do they sue coinbase they sue binance they sue Kraken they sue

Everyone Terra terraform Labs absolutely everybody so that even if Ripple did settle even if you did come out with a positive outcome for ripple or for um xrp and ripple you would still see that negative impact for the SEC and that’s exactly what we saw a continuation a

Push down a tear down of what we are doing what we are investing into so um that’s the main reason as to why the crypto Market didn’t run it wasn’t because of any type of trend line that it was on or it was due for an increase

In 2023 it was due for a major increase and the only thing really keeping it down is uh skepticism right um people that look at exchanges and don’t want to trade with exchanges people that look at holding cryptocurrency and like no people are laundering money with that because honestly the there businesses

Out there that are laundering money um not saying that laundering money is okay because it’s not but the point is is that that shouldn’t be the main reason as to why we don’t adopt cryptocurrency because we can find ways to uh regulate a lot of these things and whether it’s

Through major regulation or through exchange regulation we could figure that stuff out but the point the point is is that the SEC tried to keep this down they tried to suppress cryptocurrency as much as they possibly can eventually it’s going to blow up and they know it

But they want to suppress all the uh cryptocurrency gains until you see more stability because if the major markets and you know financial institutions are going to invest into Bitcoin with these Bitcoin ETFs as well as the ethereum ETFs and whatever other ETFs they decide

To pick up they want to make sure that everything is kind of suppressed before they decide to invest into it so they’re in at the lows and then they could see this thing rise and have major success rather than already having that bull market happen and then they’re

Technically investing in at the highs for all these financial institutions right so that’s kind of where they stand and they they didn’t want the cryptocurrency market to explode not because they don’t like crypto cryptocurrency which I think that may be a portion of it for some people but it’s

More about um the little guy winning and the big guy investing at the peak typically you see it the other way around right the little gu is investing at the peak and the the big guys big money smart money is is winning they’re always winning in every scenario however

We’ve been investing in crypto for a long time they’ve been pushing it to the side so anyways cryptocurrency I was wrong about 2023 and it run there were so many things that impacted that did not see any of those things coming but 2024 should be should have a lot of

Upside however we have a lot of positive things that are coming in the form of the Bitcoin ETFs as well as the Bitcoin having as well as the settlement for xrp but honestly we could see some negativity that is uh kind of intertwined within those decisions within those things that are happening

So I want to prepare for the best case scenario but we also want to understand what the worst case scenario could be and that could be more stabilization from where we are rather than seeing it absolutely explode to a five or 10 trillion dollar market cap now I expect

The ladder exploding to A5 And1 trillion doll market cap but I want to be cautious here because it’s not that I don’t want to be wrong it’s just I want to make sure that people are protected as regular investors you guys are protected as well but I do see a lot of

Strength coming from the crypto market for 2024 um because of the fact that we pretty much have no more of 2023 that’s left we can’t do anything else in 2023 except wait for 2024 so uh let me know if you’re excited for this let me know

If you guys are bullish um on the market I don’t know throw some throw some hundreds down there um just to let me know that you watched uh till the end that you guys are hyped for the crypto Market um but if you guys want to um hit

That like button hit that subscribe button I would greatly appreciate it also again if you guys want to start trading on Marx it is a platform to where you can trade with up to 100x leverage so if you see an opportunity on something maybe you want to trade $20

And see the overall crypto Market Thrive invest into Bitcoin at this level and hopefully it runs to a level of 60 70,000 you invested $20 at 100x leverage that’s uh you know $200 or so right or $2,000 or so sorry and now you can see that $2,000 that’s growing into so much

More in the end while you’re only risking $20 so definitely check out the leverage trading if you guys want more of an explanation feel free to hit me up on patreon uh I talk to people left and right anybody that needs uh any type of help or navigating through certain

Things but I’m going to get out of here guys thank you so much again for watching and I’ll catch you in the next one see you