⚠ I have sold Bitcoin, here's why
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- čas přidán 27. 06. 2024
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Dude, we need you on Invest Answers and CTO Larssons podcast.
You provide intelligent and great information, as do they. I think you lean more to CTO to investanswers, but we need all your points of view. I think you 3 are the best BTC youtubers.
Open a short then, tp 30k and liquidation price at 100k. Then make a video on the entry and position size. Put your money where your mouth is.
He is a clown
I'm just holding. Whenever I try to time the market I just lose money.
USDT also slowed down in summer 2020...nothing out of the ordinary...DYOR
If you sold I’m buying
What are you going to buy if you sell Bitcoin ? Stablecoins ?
Loading my bags on alts.
Selling in a middle of a bull run before any hype and euphoria is top paper hands energy. Even considering triple top is embarrassing. Bitcoin will never be 30k ever again, even 40k is questionable during the next bear market. But you do you, gov bonds are so much better, right?
this guy is a idiot, im sorry... if you sell your bitcoin you will be sorry. rises 60% every year, let it drop ill buy more.
The moment I read "never be 30K again" I knew I should not take your comment seriously sir.
Bitcoin is technology. And ALL technology always gets replaced by newer and faster technology. This will also happen with Bitcoin....in the end 😉
The Motley Fool advised to buy Bitcoin today for at least $1000 and holdl (read their article for details) don't sell BTC people.
theres no new retail since march just whale sell offs and now nothing new in retail space no news from the SEC no interest rate cuts no new adoption, big presidential debate did nothing to price action... there is no hype yet dude
Bro is paper hands
so far ETFs have been bought by 80% retail....because institution can't just employ the assets in a few weeks...they need around 8-12 month to do all the paperwork and check before they are allowed to invest into ETFs...patience
Sure. Hopefully like your Fet call
Sell at the bottom and buying at the top. Good on you mate.
To be honest I don't care if BTC falls to 30K .I bought at 800 USD low and the Highest price that I bought 1200 USD !Nevertheless thumbs up from me
Wow. If only could go back to those times.
Exactly, moreover, 30000K/40K/50k/,60k will look like $800 in ten years time when it's in the millions and people will wish they'd bought some.
It's probably 50/50 because there is too much bearishness right now. I'm holding. I might lose my gains or a bit more, but I don't care. I'll buy the dip again.
With information that the Mt Gox overhang being finally removed, could cause a pump. The same may occur with the other major overhangs from the US & German holdings.
Investors may be waiting for the short term dips associated with these future events.
Until BTC shift from minority to majority global adoption, the price may continue to have significant cyclical gains.
The regular quarterly 13F disclosures and US legislation starting to build a supportive legislative framework are potentially the springboards toward major adoption.
Sell support / Buy resistance.
Great strategy
🤣🤣
Not sure of there was ever a crash where people didnt first see the support 🫠
but when you say 30k you mean in this cycle? a d then can retest 70?
@6:18 Oh man...this chart. It looks like all three prior times it levelled out here and then the colors trended upward, the price tanked.
Thanks for all you do. 👍
If btc goes to 30k most alts are going to 0 lol
Always giving good insight. Awesome to see the channel grow but the analysis staying keen.
Why would the ETF/Wallstreet buyers distribute without a profit? There will be a markup before a major markdown..
Do these youtubers always suggest the opposite or what should be done? They sell and short when the price is falling and long and buy when the price is high.
"Important to time the market." But you can't time the market as Saylor has told countless times. So just HODL bitcoin. 99% of the time nothing happens. Everything else is noise.
But Saylor has a lot of money and we don't. I need fiat to pay my daughter's school tuition
Well thought outyou should post more!
im going to follow this guy because im going to laugh at this video in 6 months
Keep it to yourself. Win is win if don't agree keep it withyourself.
30k isn't realistic in the short term if we're in a bhkmm market. Maybe next bull market it retest that area since it never did back earlier in the year
Bears always think they sound smart, but they will never tell you about their losses.
Yeah, I need to learn to preserve capital. I should have sold the first top and waiting a month. We could get a brutal red candle soon when stock markets roll over.
maybe he is right maybe not / longterm bitcoin will rise
July 1st NEW TAX YEAR... 2 DAYS TO GOOO TILL PUMP.... GET READY.
not bad. i sold one day before alltime high. but why announce it only three months later?
But none of the common indicators suggest that we're close to the top, not the 2-Year MA, Pi Cycle, Golden Ratio Multiplier. This bullrun can't actually be over already, right?
It can be, yes.
the fact people think this is the bull run is the funny part. we're still just exiting bear.
I have been in the shitcoin scene since 2020 and I can tell you for a fact euphoria has not been hit. We're talking about the point where even outright scams and rugpulls would pump for several weeks before pulling the plug. It's not yet like that.
this is the time to accumulate cheap alts
Congrats! I sold a few weeks ago when it was a lot higher.
So he sold at the he sold ATH and last week probably for ±70k/btc..now we can use hindsight and see if he timed it well. Best of luck🤞
mt.gox wont distribute all. japan laws
Markets affected by SEC and whales takes monet to cold wallets and usa elections so im joining events in mexc these days
Closing in on that 100k . Let's GOOOOOOOO
I'm pretty sure this dude hasn't sold his Bitcoin; he's only saying this for the views.
Why talk about 30k we are in the 60 days cycle low.. we sre about to see push from here.. if you know you know !
Too much camel action!
double hump daddy represents
😂😂😂 we in wave C of 4 and in that 5 wave move we are in wave 4, regardless if we pump up a little btc still going to come down lower. 48-56k will complete wave 5
All astrology with no predictive power.😊@@seanmonear4917
@seanmonear4917 sure , am long from 60k , you go ahead and short it then.
You sold ALL of it!!??
Fascinating few months ahead for small blocks v big blocks Bitcoins
As you point out Mt Gox circa 141,000 BTC and BCH will be returned early in July...
It will be interesting to see if some of those early Bitcoin adopters were or are now Big Blockers and if they sell BTC and buy BCH ( 1 BTC into about 150 BCH at todays prices)
Block wars over dude
why did they not distribute Mt gox during the bear market? This smells of manipulation... maybe Blackrock want those bitcoin and reduced prices.
Guess I'll be back in 2026 27!
30k soon
Probably not:-)
You are right ! However September will be upwards again
It's Australia tax time so a lot of people selling but they will buy again
I have made a chart which accurately predicted 2021 2 tops & recent 73.7k top.
Also the assumption that 100% of Mt Gox BTC will be sold. I am guessing most of those Holders understand BTC more than the average person and most likely to keep holding a majority of their BTC.. I bet 40% sell off
The weekly BTC trend has been a great indicator for years and years. The weekly BTC trend is definitely your friend. The trend is still up…so.
@@chrisknepper5153 the price of BTC has to fall significantly from here to flip the weekly trend. Are you going to bleed until then when there's pretty clear signals?
I wasn't ready for Gerhardt to turn full bear/jeet.
Ha - very few people sell in time 😏
Thanks. Gonna do the opposite of what you are doing.
Good luck. The market will be the judge 🫠
It’s my only chance of being rich. I’ll ride to zero.
lol i can see some of those perma bulls lurking in the comments :P
Ha true 🤣
Too soon junior 😂
Nobody knows where the market is heading towards so let’s not speak with certainty that it will go to 30k. You are giving financial advise in this video which you should definitely avoid. let your viewers DYOR
I am not surprised at all to hear this, as you have shown data in video after video showing the inflows into crypto leveling out... there simply is no fuel to propel these markets higher until something dramatic changes. I have been out BTC for a short while now, but will definitely be looking to get back in as the price falls below $42,000. Thank you, Gerhard for always bringing reality to a mostly fantasy crypto world! 😃
Ha, good luck to you. It's not 2019.
@@Mikanoshi ?
So you sold at a major support level, in a rectangle pattern (which has a probability of breaking out to the upside 2/3rds of the time), market is oversold, and in fear..... Why not sell if it was to break that May low, not on major support. Newb content bro
😂😂😂
poo hands,conviction of paper..
Have fun staying poor lol.
Some people will never learn..🎉
1st viewer
Nice 👍🏻
make a premium for the third world. 100 dolars is costly, haha
Just unsubscribed sorry, your advice is all over the place.
good luck hahaha
Ger, you arent being truthful
How so?
Germans and English...
this is stupid, because there is so much going on with alt etfs now. to sell now, you might be able to buy back at 55k, but it's not going to go lower than that.
What makes you believe 55k is the floor?
The annualized BTC etc inflows where less than 1% of total supply in the last 8 weeks
Sold mine yesterday - glad I made the right decicion!
@@Bacrenfencing all in into altcoins bro
@@mugen2000 lol, alts are gonna get rekt harder if btc falls. Not really a smart decision if you're bearish on btc.
@@GH-uo9fy i didn‘t say that i already did threw all in now. Sitting on the sideline and keeping my dry powder ready forcthe right time.
@@mugen2000terrible idea, all are correlated with BTC.
@@mugen2000very stupid.