Is Bitcoin in Trouble?

In this video, I discuss why we should not be afraid of the small dips or volatility that we are seeing with Bitcoin and Crypto.

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Welcome back so what’s going on this beautiful Friday no I’m not streaming today I am in fact sitting in Mexico City right now and I’m going to tell you why but let me share a few things with you guys in case you’re wondering again or you’re getting a little antsy about

The whole Bitcoin market and the whole entire crypto Market why are they going down and more importantly is this the end is this the time to be selling let me talk about all these things and more oh by the way look at all that waiting to be

Drunk uh just kidding uh anyways right now uh it’s about 10:30 where I am and you can see bitcoin’s right around 50,800 a little bit below 51,000 we’ve been hovering here for quite some time and I know it’s frustrating that Bitcoin is not shooting

Up to the Moon is not making a new high but you know what when it comes to bitcoin when it comes to investing you have to have patience okay keep in mind we came up very very quickly very very quickly within the last few weeks okay

And when we do this taking a little breather is not a bad thing in fact I called it I called this red line This major resistance 50 5 2 three and I said we may be consolidating there for quite some time look at this consolidation look at how long tat took multiple

Multiple multiple months and we only been up here for about a week or so okay so I know it could be frustrating but just look at how much volatility there were just a few months ago versus the volatility now okay big difference look at that drop right there right from

About 50 $50,000 all the way down to 40,000 now that’s volatility right now not so much so the market is still extremely strong guys this is definitely not time to be panicking I don’t think any of you guys are really panicking at this point

But in case there are a few of you guys watching and you’re unsure because you’re new to the space you just invested maybe you bought some Bitcoin at 52,000 and now you’re feeling scared trust me when I see say this volatility is the name of the game it’s the price

Of emission really and if you could stand with withstand the volatility you’re going to do just fine when it comes to bitcoin and really with any kind of investing so today block the the company that Jack dorsy runs uh they surged up today because they made a

Whole bunch of money on what you may be wondering well Bitcoin 9 90% boost in Bitcoin gross profits that’s ridiculously awesome and they’ve been secretly secretly accumulating more Bitcoin so three years ago they started with a smaller amount 3300 now 8,000 and you may be thinking well 8,000 doesn’t sound that impressive

Especially not compared to 190,000 from microor but still look at how much that’s worth that’s a lot of money right that’s why you want to hold Bitcoin longterm that’s just three years okay three years ago so a lot of people look at day to day and I get that day to day

Week to week but you really should be looking at Bitcoin year to year or over course of many years because nothing outperforms it it just keeps on moving Bitcoin does not care about fud or volatility or anything else it just it’s pure it’s a Network it’s a pure Network

And nothing’s go disrupted and that’s why so many other companies are jumping in even R it recently they’re going IPO and and they still they’re still investing in Bitcoin and not only Bitcoin in ethereum right every single major company out there is now wondering if they should put Bitcoin on their

Balance sheet every single one and here’s the real reason why you should not be scared I take that back not the real reason but one of the major reasons despite despite recently uh Bitcoin having a little bit of a dip you know what’s not dipping look at all these big

Boys and how much Bitcoin they’re adding every single day in fact yesterday Black Rock alone added more than what grayscale sold just think about that black rock added almost 3,000 Bitcoins in a single day so these big boys these big institutions keep on buying Fidelity almost 1,400 even Arc

500 and today probably even bigger so right now grayscale whatever they’re selling is being eaten up by the other ETFs and that’s why Bitcoin is so darn strong if you’re thinking well if black and everyone else is buying so much now how come Bitcoin is going down right now

It looks like the miners are still selling that’s the real culprit even though we like to blame graay scale and yes they are selling they’re still selling hundreds of millions per day which is a lot right but if the ETFs are the other ETFs are soaking up there has

To be another source and right now it does seem like it’s the miners and no the miners not giving up they’re not panic dumping in my opinion the the miners are selling because they need that money for the having event the having event is coming

Up and they need to make sure they have enough money to be able to double basically their infrastructure they have to double the mining the mining power double the infrastructure to support Cooling and electricity and and maybe they need to buy more facilities right they need to double think about how

Difficult it is they need to double to keep the same rate that they are at now so again guys volatility is the name of the game it’s a price for a mission basically when it comes to investing especially so with Bitcoin and crypto so you have to stay strong stay

Focused right and don’t give up now the reason why I’m in Mexico Mexico City in fact is for crowed combat KC 44 been hyping this up for months months upon months and it’s going to happen today okay the fight starts around 6:00 p.m. Central Standard time I will be

Streaming everything there’s a lot of Fighters not just IFC Fighters but I think I’ll be just streaming everything tonight on crypto Ros plus so make sure you subscribe go head to Crypt R Us plus the the link is in the description make sure you subscribe and then you can

Watch everything live and you’ll be able to watch all your favorite including Ben and you got crypto Crow you got nft kid you got Moon daddy you have more light dreamer Phil Grady they will all be fighting tonight in Mexico City it’s going to be crazy all right guys you see

My breakfast is waiting for me this is a super nice hotel by the way a five-star hotel this is probably the nicest room I’ve stayed at in my whole life so I’m going to go enjoy I’m going to enjoy the city and I’m enjoy the fight so make

Sure you guys tune in tonight and stay strong my friends take care bye-bye