Here’s Why Bitcoin Just Crashed

Bitcoin takes a dump, now what for BTC and Crypto?
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Today’s stream here’s why Bitcoin just crashed some are calling it a crash is it a crash or is just another day in crypto well I want to discuss that with you talk about some price action talk about some ideas surrounding the price action talk about how we got here what

Some of the fears are in the market right now some of the things that the market is watching at the moment of course some of the Bitcoin ETF news what some of the results have been for the last few days last week of trading of course Bitcoin ETFs don’t trade on

Saturdays or Sundays because it’s in the Boomer markets but anyway still lots of things going on of course shout out to everybody joining today what is up guys I see you in the chat have a good time hanging out talking to each other of course save those burning questions

Until the second half of the stream that is when we will be taking your questions so I’ll be looking forward to that always my favorite part of the conversation let’s talk about the price of Bitcoin but I have a real quick note for you before we do dive into that we

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You’re a beginner to bitcoin you want to get into Bitcoin more we’ve got a very comprehensive course on that and if you’re a total beginner Trader we’ve got a beginner trading course as well which going to take you through all the basic stuff how to set up indicators how to

Interpret information for some of the most basic indicators most basic patterns stuff like that 40% off limited time sale this ends in about 24 hours so if you’re interested in that go and check it out go and check it out thanks very much now okay so that’s that make

Sure to check it out great deal on the courses let’s talk about the price of Bitcoin now the price of Bitcoin has corrected quite a bit since we hit that 49k peak in the first couple hours of trading of those Bitcoin ETF products not bad right not bad and of course then

The selda news came in everybody realized the expectation and reality kind of collided into each other and we’ve had a correction now the current correction the current correction by the way say a baby correction guys we’re down 133% if you can’t handle 133% volatility you’re in the wrong Market what is

Actually quite common in crypto markets and look crash is of course always a relative term is a 133% dip of Crash well I mean it’s a big red candle a correction but we could see a crash and look crash dump bigger dump whatever it’s pretty common I like this chart

That Heidi from blockchain chick shared so crypto tips lap blockchain chick on uh X this is the 2016 2017 Bull Run during that bull run we had multiple dramatic brutal crushing terrifying overall Bad News Bears draw Downs 38 40% 35% 29% like brutal crazy stuff man and that is the volatility that

Crypto is so famous for we know this we know this now the question becomes is will all the factors that we’re going to discuss in this video start to weigh too heavily on the market and will they keep pushing the price down in the coming weeks have we topped out for a little

Bit much like we did in 2019 where we topped out but that was a bit earlier up before the Bitcoin having but hey every Cycle’s got a bit of a rhyme but it’s different right maybe maybe but just just so you know things can always get crazy in the

Markets and you can see volatility wind up real fast in Bitcoin so if you’re new around here don’t get freaked out this happens all the time if you’re old around here if you’ve been here for a few years a few Cycles you know all this you’re not you’re just

Like you’re looking at all this like ha 30% correction crack another beer and go watch some go watch my grass grow man that’s nothing that’s nothing yeah yeah anyway key areas of price support right now currently Bitcoin trying trying to Rally it’s just dipped a little bit below the 50-day exponential moving

Average trying to Rally back up above that let’s see what the next few days have in store for us next areas of major price support down around $4,000 of course that 42k zone we’re at right now is a very critical historical area for Bitcoin so we’ll see how this

Plays out we got lots of between here and down to like 32k man there’s some important Zone of price action and price resistance and price support and all that stuff so there’s a lot of important areas in there next area down 40K next area beyond that which kind of lines up

Approximately the 100 day exponential moving average is around 38k some people are to call them for 32k as the bottom of this we shall see we shall see again it depends on the inflows in the outflows how much money comes out of gbtc we’re gonna break this down in a

Minute and how much money comes into the rest of the ETF products how much money keeps showing up how much money are those sales team is going to start bringing in because remember the marketing Blitz man it’s just starting we we only had two days of trading of

This stuff yet let’s again zoom out as I said multiple multiple times before we had the Bitcoin ETF approval expect volatility in both directions exactly what happened we had volatility in both directions expect that things aren’t going to happen overnight which is exactly what’s happening things aren’t happening

Overnight it’s going to take a little while for this to really play out and during that time we could have some cooling off as Traders reposition people move things around etc etc so by the way I would like to remind you where we are in the cycle right now so

In the Yellow Boxes that’s our basically our accumulation zones green Mark green areas here on the chart Mark the major markup periods and red periods Mark the bull uh bare Market periods so next having it’s coming up about uh a little over three months away not far at all at this point pretty

Crazy man another Bitcoin another Bitcoin I’m getting old another Bitcoin having holy crap man anyway Bitcoin having is coming up pretty soon and we haven’t even hit the Bitcoin having yet you got to think about that all this excitement all this price action whatever and we’re not even at the

Bitcoin having yet just man later in 2024 2025 ah it’s gonna be so crazy I’m kind of looking forward to the next bare Market in a weird weird way just because it’s gonna be calmer again I’m gonna take like six months off guys I’m telling you telling you I haven’t taken

Six months off in a long time how might do that anyway wanted to share this with you as well I know nobody discussed this the other day but it’s very very relevant so this is the FIB Fibonacci here so that recent rally with the Bitcoin ETF

Listing brought us up to retest the the uh very very key line here for the Fibonacci which is the 0.618 now that is a very critical line for us because in the last bare Market rally if you want to call it that or the 2019 rally however you’d like to Define

It we got to the same place for the price action so there’s a lot of speculation at this point that well that could be it for a few months people like uh Chris berisi for example saying ready to be wrong here but looking around at the

Froth I can’t help wonder if this will be reminiscent of the coinbase IPO moment a momentous event that caused many to expect much much higher afterwards but instead that was the top for a couple of quarters for Bitcoin which is very possible very possible just so you keep that in mind if we

Don’t get tens of billions of dollars coming in or even just billions of dollars coming in we could expect a bit of froth in the marker remember we have some big catalysts coming up that are negative Catalyst one of course is the Mount gaws people starting to get

Reimbursed in the selling that could result as a as a part of that and the other of course is the grayscale Bitcoin now I’m going to break that down in a little more detail here for you in a few minutes but just worth keeping in mind that the grayscale Bitcoin they got

A lot of Bitcoin it’s 600,000 coins or something like that and the people there some of them are going to want to take profits and some are going to want to get out of grayscale which is not that bad if they just want to go from the

Grayscale Bitcoin trust to Black Rock or Fidelity or whatever that’s fine that doesn’t move the needle up or down really for us but if they want to start selling and taking profits which some of them will not everybody a lot of those people are going to look and go oh yeah bitcoin’s

Obviously going much higher this is too early in the cycle to sell etc etc but some people are going to take profits some people are going to take profits so right now we’re really looking to see okay will the marketing teams over at these big institutions

Step it up enough bring in enough new buyers that the price starts to increase how long will the market lull last for will we see lower prices coming in before things start taking off again all questions to contemplate no one has the answers really we don’t know how much

Bitcoin Black Rock and Fidelity and Invesco and Franklin Templeton whatever are going to be able to sell to their clients the marketing teams are picking up the phone they’re calling people we shall see it’s a big moment big moment for crypto big moment for crypto for sure

Want to share a chart with you here too from uh from Jackass nice charts here so this is looking back at some previous year’s charts so this is back in 2122 looking at similar Market format kind of playing out and if his thoughts are right here we could in that scenario

See a move back down to 32k potentially we’re seeing a lot of people saying hey hey look 32k was such an important area that is if there’s going to be a major major retest a major draw down of it would be 35% in this case by the way let’s just look at

This here it would be 35% if we got down to around 32k that would be from the top at 49k all the way down now it’s not that much further down from where we are right now it’s only another 25% drop I mean for Bitcoin that’s you know it’s

Not that that’s not that dramatic but hey 32k would be a very very critical area for us we shall see if these more bearish takes end up being right or if the sales teams can step it enough up enough that we do get enough new inflows to keep the price supported

And we don’t go down to retest those levels maybe the current retest is all we get maybe we go down a little bit further to 38k for example maybe don’t go down as far as 32k but here’s the thing again shortterm volatility doesn’t really bother me that much and probably

Not a lot of you either now again if you’re new I get it short-term volatility is terrifying when you wake up and oh my gosh it’s down 20% what’s happening I’m an idiot I need to sell everything right now but but short-term volatility it’s just

Not that big of a deal because zoom out zoom out okay bitcoin’s $42,000 whatever right now what is the chance that Bitcoin is going to be worth $420,000 by 2030 just you know that’s a 10x from here I think the chances are pretty high personally which is why I allocate

Myself the way that I do so in that scenario the risk reward here so okay you’re going to wait to buy 32k okay no it’s not it’s going to go down 32k I’m only going to you know allocate myself there or whatever I’m going to sell now

And try and short it down or whatever instead of just holding your bags and holding spot positions not Financial just talking about risk award here right so the reward potential if you nail it right you sell now you short down to 30 32k Reby it 32k I mean some people going

To nail that if that’s what happens if that’s how it plays out but if you’re wrong you end up being sidelined having to buy higher potentially or even worse you don’t buy higher because see oh it’s G to go back down now and then you’re sideline even

Higher a lot of people make that mistake upside potential very high downside potential rather Limited at the moment I don’t think Bitcoin is going to zero I think we’re likely to go to a million okay okay let’s dive in some of the numbers here between the about the Bitcoin ETF so

From Bitcoin magazine they’re reporting top five spot Bitcoin inflows from this is day one and day two remember Thursday Friday last week we actually had trading for these products Saturday Sunday they don’t trade because Boomer Market’s gonna boom man it’s what happens what they do so

Black Rock got about half a billy fored 97 million Fidel 420 million very nice showing bitwise 237 million Arc 105 million Franklin Templeton $50 million not bad not bad at all that’s that’s real money coming to the market right so it’s a billion bucks a billion bucks coming in more actually

Pretty impressive pretty impressive so without a doubt a good showing for the first two days I know the volume is really really huge but the volume wasn’t all fresh cash in flow we had selling going on as well so that’s very important to keep in mind uh kiwi here pointing

Out OTC desks already starting to run short on Bitcoin now all it takes a wailed wake up from back in the day and say hey I got 5,000 Bitcoin I need to sell and they replenish the OTC desk but still we’re seeing pressure already put on OTC desks and their available amounts of

Bitcoin uh Abby CH from Electric Capital here saying what’s the path to 100 B billion dollars plus in Bitcoin ETFs he says not via institutions it’s via retirement funds which is a 20 trillion dollar 20 trillion bucks sitting in retirement funds in the USA alone and he says number two private

Wealth managers and financial advisers who manage Boomer and Gen X money2 trillion so if 0.25% of $4 trillion gets allocated Bitcoin over time is a100 billion of inflows remember remember remember the numbers here because according to Bank of America it takes about $100 million to move the

Price 1% 10% at a billion dollars 10 billion dollar moves the price by 100% And then $100 billion dollar moves the price by a th000 per. so if this guy is right and we start seeing that Ira money private wealth manager money come in and that’s just those two things

They’re not talking about the institutional money because we got that too we’re not talking about the family offices well I guess to family office to an extent but the retail buyers all this stuff people are just going to buy it and use it whatever still a lot of other

Money sources out there Beyond this but that alone gets us hundred billion dollars a th% pump from the current current price very very interesting very interesting numbers there now this was also a very curious part of the equation and I know mentioned a little bit but I

Think it’s very critical to talk about so Robin Hood Chief broker offer uh talks about user Behavior regarding spot Bitcoin ETFs in the first two days of trading said onethird of purchases sold Equity to rebalance their portfolio so they sold their Tesla stocks their Amazon stocks Apple stocks whatever rebalance their portfolio take

A bit of profits buy some Bitcoin ETF okay nice said 20% of the purchases and sales happened in retirement accounts also very interesting people are looking for the tax advantages long-term for holding Bitcoin okay then third he said grayscale Bitcoin sellers largely rolled their money into another spot Bitcoin

ETF now that is the critical information here because the grayscale Bitcoin is a big sort of Damocles hanging over the market because if everybody ran for the exits and panic sold and they just all they all of them just sold that would be bad for the price of

Bitcoin because that’s a lot of Bitcoin okay now that’s not going to happen and we’re already actually seeing that not necessarily happen which I think is very interesting and encouraging people are leaving gray scale yes but they’re taking their money and they’re going elsewhere so they’re not selling their

Bitcoin you have to think a lot of these people in these gbtc shares man they’ve had that stuff for ages they’re super in profits I mean these there were people buying gbtc when it was trading at like a 40% discount when Bitcoin was at 16k

So these guys are picking up 10K BTC now you may think oh of course they’re definitely going to take profits at these levels why wouldn’t they because they had enough money to buy a million bucks for the Bitcoin back then maybe they’re going to wait until bitcoin’s worth a million

Bucks they may not need to sell interesting so if we keep seeing that gbtc money being swapped over to Fidelity and black rock and whatever a lot of the grayscale Bitcoin problem isn’t actually very much a problem now there will be outflows there will be outflows and I want to make that clear

Because we’ve seen that already um Nick Carter pointing out the fact that there is $28 billion of Boomer cash s in gbtc and only $100 million of three basis points of this was redeemed for identical products that are 90% cheaper is the most Boomer thing of all time

People just stay with what they know don’t they it’s crazy uh James cyer ETF Analyst at Bloomberg says we don’t have to wait till tonight for gbtc flows just 95 million came out a fraction of what uh I and many others were thinking this means that yesterday

Was a huge success in my opinion now does that mean that we’re not going to see more gbtc flowing out of course it does not necessarily mean that a lot of that might just stay in there because people are lazy ah whatever it doesn’t matter I’m just too l easy to go change

Okay fine but maybe maybe we start seeing big outflows happening because there’s a lot in there and it might not happen on day one man somebody’s on holiday or they just couldn’t be bothered whatever and so Tuesday this week a mega whale goes and cashes out 10,000 Bitcoin all at

Once you know and that drives the price down so there’s a lot of potential chaos that can come from gbtc because I think people won’t necessar neily want to stay in it because it’s an inferior product to all the other Bitcoin ETF products but yeah I think a lot of it’s probably

Just going to switch the ones that aren’t lazy and I get being lazy I know I do those kind of decisions sometimes too like yeah fees are bit higher but whatever screw it this is why coinbase is popular by the way you know because people just stick

With what they know coin bees coin Beast coin bees coinbase has some of the highest fees for an exchange is like 0.5% or something like that which is huge and that’s just on the pro exchange right if you are using their brokerage service the fees are as high as like three or 4

Per. but people keep doing it because it’s familiar because they’re already there I don’t want to have to go and open a new account somewhere else and do kyc and whatever blah blah blah blah blah I’m just going to stay on coinbase because it’s what I know and it’s familiar so there’s

Definitely things to have on our mind to be aware of the potential impact of right now some of these things are a bit overblowing I think mostly we’ve seen the Bitcoin ETF news really just being a bit of sell the news come in now how much more can we correct as we

Discussed we have major areas to keep an eye on and it depends on now what those sales teams can do and how much Bitcoin they can start selling to retirement fund people to family offices all this kind of stuff so the potential is definitely there it’s just how will we

Move in terms of what starts exiting from grayscale will there be demand to absorb that if people are just looking to straight up get out or will they just switch over to new products and of course then we have the mount gaau Bitcoin and will there be enough demand

In the market from incoming demand to absorb that maybe maybe this whole Bitcoin ETF thing is just this weird blessing in disguise in a way that we haven’t even thought about yet because the time that it came out coincides with when the mount got Bitcoin is going to

Come back into the market so maybe it’s going to help us absorb the impact of that that if we hadn’t had the whole Bitcoin ETF narrative would have potentially come into a much weaker Marketplace all worth thinking about ah crazy times in the market guys crazy times Market

Anyway let’s crack open the floor to your questions I’m telling you we’re going to start talking about altcoins again it’s just this ah this Bitcoin news it’s just dominating my brain I guess but we are going to be breaking down more of this uh altcoin news and

Stuff in the coming days lots of airdrop opportunities out there like you know the Bitcoin ETF is exciting and it’s fun but I’m going to start making some streams with some more Alpha for you guys of course the long form videos I’ve been doing also have great amounts of

Alpha for you guys to some great aird drops out there we’ve been covering whether that be in the wealth Master newsletter by the way it’s free sign up if you’re not signed up yet whether that be in the the wealth master newsletter or here on YouTube there’s been some

Crazy airdrop opportunities like it’s probably one of the easiest ways again for a you’re are small account to have the potential to make a lot of money even if you have a slightly bigger account I mean at what level don’t you do airdrop farming I don’t know because some of

It’s even volume dependent like Manta for example if you’re a whale and you have I don’t know 20,000 ethereum put 5,000 eth on Manta for example not Financial advice obviously I’m just saying like why not then you get a whole bunch of free extra money who doesn’t

Who doesn’t free extra money I don’t know anyway there’s crazy opportunities in the altcoin space right now we’re going to continue covering those of course I’ll try to cover some more of those in uh future live streams Wednesday Friday and and Beyond so keep an eye for that

Anyway let’s let’s see what what kind of questions do we got here from you guys today let’s talk crypto Liberty tager says the having is more important than the ETF the having is a beautiful event it truly is although I’m starting to wonder to what extent the having is even going to

Really impact the market that much anymore this this one might be the last big having that really matters because as the demand continues to rise and it will how much do Bitcoin havingsex don’t know I guess we’ll find out okay chain link prediction probably higher no okay seriously though uh I’ve

Got a personal Target of around like $140 but as always with price Target numbers I’m not wedded to the number like that would be an area I’d love to see it’d be fantastic oh great 20x on my chain link play great but but most importantly I’m not wedded to that

Particular number maybe the number goes higher we shall see but the key thing as I always say is to watch for market conditions watch for things things get frothy too much Euphoria tooo many people posting about their WIS too many people posting Rolexes and new cars and

Your old friends calling and all this kind of stuff and to an extent we had a little bit of that around the Bitcoin ETF but very very small compared to True Mania in the markets so that’s that’s really what I’m watching for but yeah 140 bucks that

Would be my sort of like yeah that would make sense for this cycle hey Lar what’s your top five free money airdrops I’ve got some good airdrop content coming up for you guys in the next few days so keep an eye out for that uh when it comes out we got some

Really good ones that are coming up so um I mean there’s so many out there whether you want Farm ZK sync or you want to get on some of these these new ones that are coming there’s a few really hot new ones that are just like releasing in the next couple days so

Like watch out I’ll I’ll be sharing those keep an eye on the socials keep an eye on X fornite share but also making a few videos for you guys breaking down some of these airdrops how you can get them some step-by-step guides as well I’m GNA make a big airdrop guide for you

Guys working on it it’ll take a few days to get the all the info ready to make a video for you guys but yeah I know there’s a lot of confusion out there about how to actually get airdrops if you haven’t done it before if you’re new

To the market I mean man I know I know I know guys I know if you’re new to the market this is just like nuts you’re seeing all this stuff you’re like drinking water from a fire hose it’s just crazy you’re like oh my gosh need

To buy this coin do need to buy that coin what’s going on I need to get on Layer Two now and all this stuff how do I get on how do I even get a wallet oh my gosh I get it I get it I make a guide

For you guys on how to get some of these more popular aird drops we seeing come out right now okay Timothy Fields will shrimp like me receive an air drop from Manta so what you need to be doing if you’re in the Manta airdrop if you signed up on my

Team uh basically there giving nfts so make sure you’re claiming your nfts so it’s unclear how much any one given nft is going to be worth in terms of the air drop but you make sure you’re claiming those nfts I think the if I’m not mistaken I think

They’re going to close it on the 16th so you have like 48 more hours to make sure you’ve claimed your nfts and get yourself ready for receiving the airdrop okay so uh if you’ve received nfts into your manta account then yeah you will be in line for getting some uh

Airdrop lowash cat 277 are there any pre uh Market coins that have your attention so ones that haven’t listed publicly yet there’s a few there’s a few uh I mean there’s actually quite a few but let’s take for example like uh gvt very interesting one uh ZK sync play so

That’s coming out pretty soon definitely worth keeping an eye out in my opinion there’s a few others too but um yeah I think they’re going to be running some giveaways airdrops stuff like that so keep an eye out for Them Lark what do you think about jasmi no opinion don’t know anything about it so I don’t know I don’t know so many coins out there so many coins out there I like turkeys what about arbitrum well arbitrum made a video on that the other day I’d say go watch that

Was that two days ago yeah I made a video on that two days ago look I’m bullish on the arbitrum ecosystem the token probably relatively undervalue the big problem has to be the token doesn’t capture a whole lot of value in the ecosystem and when they bring in staking

That’s probably going to be a nice Catalyst for arbitrum but yeah we’ll see don’t know all arbitrum is not a multicycle hold for me I’m sure I will sell my arbitrum when it gets up to I don’t know five 10 bucks 10 bucks would be nice five bucks

Yeah I’ll take it that’d be fine too we’ll see though but yeah if they find out a way for it to capture some more value that’d be fantastic but even staking I think is going to be a nice Catalyst for arbitrum but the network I mean yeah under definitely undervalued

Man I use arbitrum all the time so I love AR arbitrum as a network to use Simon says uh thoughts on a Bitcoin trajectory in 2024 if there is a recession depends on the kind of recession so we shall see I’ve seen people saying well a soft landing’s

Coming don’t worry about too much it’s going to be maybe Market know slow down and growth but not a recession and to right up to the uh it’s the new Armageddon it’s the new Great Depression World War II is coming civil war is coming in America all the rest of the

Stuff so it’s you know you have little bit of diversity of opinion there right uh look I think if we see a big riskof movement in the markets tech stocks are hit bitcoin’s going to hit everything’s going to get hit right doesn’t matter how many managers are

Calling up you know from Fidelity and black rock to their customers if they’re not buying Bitcoin because they’re worried that the whole world’s about to go to hell in a hand basket then probably not great for Bitcoin but um I don’t know I’m kind of in the camp

That if we do see a recession it’ll probably be a mild recession but who knows man who knows that’s just my gut feeling but my gut’s been wrong before so we’ll see okay uh is Poké starter still a good Launchpad you know I haven’t seen I haven’t been paying close attention to

Poke starter so some if you guys weren’t here for the last cycle there’s launchpads this allows you to get into early stage sales so there’re the first public entry for tokens into the market and there are great opportunity if you can get into them now they’re competitive and and I don’t know what

Poké starter’s current model is if they’ve taken away their token in terms like you have to stake the token or get like tear and whatever but generally generally man token launch pads I printed money like crazy I know that uh paid Network they’re launching I think they’re going to be launching like

Validator nodes for gonzilla or for Off the Grid or something like that so that’s going to be big when that happens um eight terminal ape terminal that’s a new one that’s a new one just come out so ape terminal if you guys aren aware of this so it’s it’s like they got all

Kinds of stuffs going on ape terminal launch pads just one part of their business they also have like an me bot and they have um you know trading as well Buy sell swap whatever so there’s that side of things that they’re doing but they have the terminal and they’ve

Already had some pretty killer uh token sales that have come out on that so look it’s its whole niche in the market but man if you can get yourself even a couple of allocations during the cycle to these early stage sales and look hey token sales are if you’re

American by the way forget about it you’re being protected okay you can thank the SEC for protecting you from making money by getting these early stage sales just like you can thank them for protecting you from getting into IPO stocks you’re being protected it’s for your own good can’t have all the plebs

Getting rich guys nope can’t do that anyway uh Poké starter I don’t know I haven’t I haven’t seen any of their listings recently what they’ve got going on I know the apee terminal is being very hyped right now and that a lot of people are um getting very excited about

Now I’ve actually just invested in ape terminal as well um I’ve seen what they’ve been doing I like the product overall so just FYI I’m a private round investor in ape terminal but they’ve been delivering the goods they’ve bringing out pretty high value token sales already so there you go all

Right uh we up to Next oh no Gino what is this what is this no no Gino no don’t do it I I hope you’re trolling man but if you’re not look don’t worry don’t it’s so he’s asking uh I see YouTubers posting live now about Michael sailor I guess saying if you buy ether Bitcoin

Then you I send it to him you get like double your investment please tell me it’s true no this is a giant scam a giant scam you will lose all your money please do not fall for this look with the prices of cryptocurrency increasing the scammers have come out of

The woodwork in a massive way the comment section in my vide is always full man it’s it’s like playing whack-a-mole you think you whack down a few of them and then five more scammers pop up it’s insane cutting heads off a Hydra if you will ah it’s very

Frustrating so I’m sorry the comment section is such a mess these days but blame the scammers blame YouTube for not doing anything to take care of it anyway it’s different different conversation point and unfortunately YouTube keeps letting these damn live streams go on that are posting these fake giveaways

And they’re using AI to make Michael sailor sound like oh yeah just send just send one Bitcoin it’s a big giveaway and I’ll send you back a Bitcoin for free nobody does that that’s not real nobody’s gonna send you a Bitcoin just for sending them a Bitcoin like no guys

Guys come on come on be very very careful out there the scammers they rely on your lack of knowledge in the cryptocurrency space to take advantage of you okay be very very careful these fake giveaways remember Elon Musk is not going to be sliding into your DMs offering you some Bitcoin

Mining or some Forex Trading stuff no no no those are scammers come on likewise crypto influencers uh content creators we are targeted big time by these scam accounts as well so please be careful out there okay where are we up to next oh yeah yeah I

Did the thing again gotta catch up here real quick uh David says what do you think about q&t in The Bull Run I don’t have a strong opinion on uh q&t it’s a coin that’s vaguely been on my radar for years but man I don’t have a good

Opinion on it so sorry but thank you for the uh chat Super Chat no trb news since 2021 please talk about this great Oracle uh trb don’t know man I’ve not kept up with them by any means like chain chain links chain Link’s my Oracle now ah yeah I don’t know obviously they

Had some huge price action recently so hey you know great great for that but I haven’t been keeping track with them man there’s so many coins out there you know once once you buy a coin you sell it later like I tend not to think about

Most of them once you’ve exited and you know you probably shouldn’t either because it’s actually just not even necessarily positive most of the time like ah you sell it and then okay okay it’s up oh crap I should have held on to my coins for longer or whatever you know

Just can sell and walk away that’s fine too okay lots of good questions out here I’m trying to find a find a good one I mean there’s lots of good ones but uh polka Dot’s first meme coin dead what are your thoughts I think it’s interesting I think it could bring some

Money and excitement on chain for polka dot holders it’s gonna be an air drop to everybody who’s staking their polka dot if I remember correctly so yeah I mean man a lot of people a lot of people are going to get that dropped into their wallet so we’ll see we’ll see I mean

It’s interesting I think it’s great mean coins definitely bring a lot of excitement into a new ecosystem so yeah I mean it’s a meme coin it’s you know just a picture and it’s valueless and dumb and silly but the flip side is it’s a piece of culture of the polka dot

Ecosystem so if you think that has value well then you know S V but uh most importantly if you’re steak in your polka dot get ready for an airdrop because you will get an air drop with some free money there you go I’ll look forward to

That in Russian from afar asks what if because of a Bitcoin ETF and potential ethereum ETF traditional finance will make Bitcoin and ethereum dominate the next bull market and the rest of the AL only get a fraction of the market is that possible interesting question so basically here’s how things work it’s

All about money inflows when money starts flowing into Bitcoin it starts trickling down because people come in and take profits get their cash bring it down and try to repeat because they know how the Cycle Works money flows in at the top first and then it trickles down to the rest of

Everything else so if we see Bitcoin and ethereum getting like tens of billions of dollars in investment from trafi that works its way down that works its way down because a lot of people hold a lot of those coins and they will sell into those bullish rallies created

By these institutional players and then they’ve got a whole bunch of money what do they do they sail away into the sunset on the yacht and the Caribbean maybe but but quite a few of them are going to take that cash and they’re going to go down to midcaps they’re

Going to go down to small caps they’re going to buy those and they’re going to take that Bitcoin money they 5x done for example and they’re going to go down and take a midcap and try and get another 10x on that same money so money will flow until it doesn’t

Anymore they’ll just all hit a wall one day and we’ll all have a terrible car crash and uh catch on fire and explode and a few people will be able to crawl bloodied out of the wreckage and not be Savaged by the bar market so that’s

That’s that’s how bare markets go by the way guys don’t be the guy don’t get be the guy who crawls out of the wreckage not the guy stuck burning alive in the car ah okay we up to one or two more questions here and then we will finish up for

Today tell me this who is gonna sell their Bitcoin at 32k I don’t know Mark it’s a great question but somebody’s going to man the guy who bought it 49k somebody’s got to buy high and sell low my you know salute to you all you crazy people who buy high and sell low

What the heck man somebody’s going to do it there’s always somebody who has to sell this is the thing and look I I don’t want to sell shame because that’s screwed up and it messes up people’s heads anybody who wants to sell at any time for whatever reason have fun enjoy yourselves and

People need to take money different times for different reasons like maybe it’s a 32k but hey you know something just came up and like you got to do whatever your kid needs surgery or there’s a bill emergency bill you need to pay or whatever man all kinds of stuff can

Happen other people just Panic it’s also a thing okay there’s some good some good questions coming through here guys I appreciate them I appreciate them definitely some good stuff coming here definitely some good stuff coming here all we got next um could you think of your own fan token

On xcat no no I’m not going to do that I know a lot of people do fan tokens or their own personal branded meme coins or you know guys look I’ve got my own products I’ve got Bitcoin ethereum uh bit coin etherum Bitcoin Bitcoin altcoin and trading

Courses which by the way 40% discount for the last next 24 hours I’ve got my newsletter right we do sponsorship deals and stuff on the channel like I don’t know I just see this stuff like this just doesn’t sit right with me you know I don’t want to launch my own meme coin

I don’t want to sell my own nft collection um you I even thought I thought about nft collection before okay n back when ns are okay nfts are great I’m really excited about nfts what is something that we could do to launch an nft collection that would be more than

Me just filling my pockets with your money from nfts and I didn’t come up with any good answers when it came down to it and I thought well maybe we could do I don’t know some charity giveaway for orangutans or something and yeah yeah I could just give my money to orangutan

Charities which I do anyway so you know instead of selling people a bunch of nfts that are probably go down 99% in the bare Market because that’s what happens to them so I’ve thought about these things before and I’m not going to be launching a fan token xcat

Or anywhere else or my own nft collection that kind of stuff but uh hey thanks for asking uh where we up to now Kaka Silva Monero is popular on the dark web why is nobody talking about it the first rule of Monero Club is you don’t talk about Manero come on man come

On no seriously um mono I mean look I don’t own any Monero but if I did if I did I would understand that it is the the king dad of privacy coins like when you actually dive into the tech behind Monero and what they’re doing like dude

Dude Monero man I understand why it’s popular so why nobody’s talking about it people don’t talk about it because the people who know know not to talk about it that’s why that’s why okay anyway guys you’re awesome I’m G finish up for today these have been fantastic questions again I

Always appreciate your time coming out here having these conversations we to listen to me talk about crypto but also asking me great questions and being part of the community so thank you so much I love you guys and I’ll see you in the next stream