Bitcoin's Worst Week Since FTX Collapse... What's Next?
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- čas přidán 21. 07. 2024
- Bitcoin just had its worst week since the FTX collapse in November of 2022. So is the bull market over? Or maybe it hasn’t even started yet?
Today, regardless of the short term price, we take a look at Bitcoin as a call option on continued global destabilization, de-dollarization and the redistribution of wealth from young generations to older ones.
It’s time to stay calm and stack on
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I have a $50 per week auto buy that I’m never canceling. Most people should be doing the same.
smart man
@@mike_w_21bought daily all through the bear market. Basically stretched myself during that time so I could take a break when it got near all time highs. It definitely helped solidify me as a holder. Doubt I am ever in the red again.
I wish I could buy 50 dollars a week, but I am getting as much as I can, I even decided to get a bitcoin credit card just to stack sats gotta be responsible tho and don't overspend if you want to keep them
this is the way
yep I also do auto weekly buys through Swan. It’s a marathon not a sprint.
on FTX what you'll find is they were short they were basically creating coins counterfeit coins on the exchange that were just numbers and weren't backed by anything and allowing people to short those and you could basically short them forever because they could just create more coins on the exchange to keep it where they want to keep it because it's they had a lot of these coins not just on their exchange as well they could also buy up market prices at different exchanges with coins that they stole from projects
I started with no bread barely left over crust learned who I could trust been is US fast forward now we got all the critics to hush talk is cheap and all the trolls can have a seat everybody's retweeting they mad
I've seen in quite some time at least since the initial post ETF collapse when Bitcoin fell 19% in a matter of days now Bitcoin is down almost 25% since its initial all-time high earlier this year has Bitcoin changed or something why is the extreme volatility happening now should you be concerned about the future of Bitcoin in my opinion of course reaching out to professional market analyst like *Leah* *Foster* *Alderman* is vital right now in the cryptocurrency market, like not Bitcoin itself has not changed it's still censorship resistant perfectly scarce has the most Superior monetary properties
Thanks for sharing I just saw one of the whales dump 300 Soul 340 soul in one goal this is the wick right here it dumped really quickly 4.55 million that's a big very big bag right there she have a great resume when i checked on her deatials
inflation going in the right direction it might start going in the opposite direction and you know one of the reasons why and we've talked about this a lot why the FED might be inclined to raise or lower interest rates
Bitcoin right now hanging on the edge of survival is it going to drop if it drops it's going to take the altcoin with altcoin Market
Bitcoin is the greatest thing to ever happen to us
Shiiiiiiiiit
BTC with small blocks has become a 1 Trillion Dollar MCAP Meme Coin for Boomers with Saylor as the ruler. There are better meme coins out there imo
I have bought BTC back in December. I bought as much as I could. I am holding because I may be able to retire in 17 years if I hold.
I doubt it with that little bit of bullshit you bought.
Ha 17 years, we are going to have the largest economic collapse known to mankind. Decide whether you will want btc in that environment
@@JimmieJohn you have no idea what I bought. So don't be jelly.
@@JimmieJohn somebody angry
Stay strong, every day some vender asks me if they can get paid in crypto all around the world.
The block height just had a new all-time high !
“You will need to pay them to keep your money in a bank.” You mean like I’m paying SWAN to keep my BTC in an IRA?
Hell yeah, this is some straight up bullshit. Traditional finance doesn’t charge me for my IRA. Bitcoin companies rip us off cause I guess bitcoiners are special.
JPM takes those deposits and gets a guaranteed 5% on the deposits, so yeah kind of ridiculous for them to charge. And assuming Swan is just holding your BTC of course they would charge for that.
Most IRA administrators charge a fee, thats not new
@@wakeupbreathing not true
This channel is mega based and I'm here for it.
Bullrun is absolutely over
We have to get over Mt. Gox and Germany then things will pick up as long nothing else negative else happens haha Go BTC crypto Altcoins go.
That is a cover story. The money printers are in control. They can easily manipulate Bitcoin due to its minuscule market cap. We will NEVER be free of fiat slavery until USD collapses. Think about it. They could print enough fake fiat in 2 seconds to buy every Bitcoin currently in existence.
Are you ok, bro? 🤣🤣🤣 Hope you stacked some cheap sats! Rock on, Dante!
Yes and some people called a top at 79k. They were close and it seems the cycle was front run and petered out early. Glad I got out and used the 79k model to gauge the top. 5x on Bitcoin and 6-13x on Bitcoin miners and proxies. Sure was a great run, can't complain at all.
This won’t age well
@@mh0072 It already did age well for me. I did a 11X on my account. So I'm good. I made my wealth leaving the party early while 95% lose it all listening to hype and hoping on greed. So it already aged fantastically. Most people are down almost 30% on Bitcoin and lost almost all value on alts 80-90% loss. So it's aged great.
Comment from Sunny Bradenton Florida 👍
My best friend works at img lol thats crazy
Oh not the Galloway guy. He wanted people to be prisoned for not getting jabbed.
He's also overstating things in some of his assessments and "doables" (from his TED talk). Some of his taxation ideas seem to be coming from a perspective of a guy who either will have a nice pension or doesn't understand average investors versus the elite rich. Give him credit though for at least having the discussion.
"Covid" showed us what people are really all about. Never forget.
Tick tok next block im confident 2 years from now the network will still produce a block on average evey 10 minutes
Another great video."Stop gambling, start researching." Thanks, Dante!
Thx Dante
Disappointed with Swan today. Trashing Baby Boomers because they happen to be born in the "golden age of the US and blaming them for all the ills is wrong. It breeds hate and disrespect.
Agreed!!
The young see bitcoin faster than boomers. I hope.
The only good thing that came from boomers, was Gen X. The worst thing that came from Gen X, was the Millennials.
@@davedismantledboomers are the worst. Gen x here. Our parents have zero clue how the economy works. They just got a govt job and banks gave them everything they needed for life
BTC with small blocks has become a 1 Trillion Dollar MCAP Meme Coin for Boomers with Saylor as the ruler. There are better meme coins out there imo
80k before May!
Speaking of calI options, I sell calls on the indexes. I put half of my premiums in FBTC. Will never sell.
What up, Dante!
We should continue to buy? And let me guess, Swan is there to help us with a 1% fee, plus a $200 spread? Am I spot on?
You can buy with out Swan.
@@joeharvie8362 I know. Swan’s prices are too high, they need to cut ‘em.
A normal dip mid bull cycle
I don't own any bit coin. Would like a physical Ewallet. I realized yesterday, when the internet changes, if star link catches on, if the internet becomes so resilient that it can't be shut down or controlled, that will be a huge advantage for bitcoin and I'm sure a huge value bump.
Stay calm, stack on. Yeah!
Market makers stealing from weak hands. Buy the dip time!
Gd job sir
When you can hit a home run AND knock out the umpire you're having a heck of a day.
🚀💯🚀
No Dante, the bull market has started all right.
By every technical definition and then some the Bull market started under 16k during the FTX dump as you mentioned...
We are just going through a mini bear market inside a bull market. Barely satisfying the usual definition... Which probably should have something more than a 20% drop as a definition for Bitcoin And yet we have that as well but this is a pretty weak bear market if 53/54k or so is the bottom
Bull markets historically start several months after the halving. We're still less than 3 months post halving. Tops have historically come 18 months or so after halving... Food for thought
It’s the run up to the squeeze.
The top is in. It’s just like the last cycle. No phase 4 of the run. Now, struggle to make lower highs for the next year. There’s no escape from fiat slavery. We’re surrounded by idiots who think fiat has value.
@@cryptojoecoin5480don’t be a doomer
Happy stacking ❤
Buying opportunities
Who the hell do you think "boomers" are passing their assets to? I grow weary of the calling out boomers for being older and having had the time to accumulate assets. I am kinda sick of hearing it as a theme of your wizened talks.
They are so used to blame others for their own situation, that they dont understand that after buying all the bitcoins they will be the ones named the "locust generation" by their children and grandchildren.
Social Security should be converted to 401(k)s. The 12.4 percent would be owned by the contributor and all would be rich after 40 years... Especially if 20% was invested in Bitcoin!
If you didn't buy the dip you reeeeeaaaalllllyyyyy missed out.
I paid into Social Security for 47+ years. I don't view it as a government entitlement, I view it as mine, because it is!!!
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Summer is Bitcoin's least effective season. Nothing to see here.
"Sell in May then go away, come back after Labor Day."
Old Wall Street mantra.
We need some to orange pill Habib wbo was former champion
Scott Galaway is not a friend
BTC with small blocks has become a 1 Trillion Dollar MCAP Meme Coin for Boomers with Saylor as the ruler. There are better meme coins out there imo
Next week bitcoin will rise
Cool 😎
When is the other host coming back? This guy dislikes mature men. Ironically we have all money!
Put bitcoin as a small part of your portfolio? Heck no. Go big or go home! Is there anything else?
Pride comes before the fall. The US will never embrace Bitcoin because of pride. It will be the downfall. Only good for Bitcoin though. Sad situation ahead.
The US government is one of the larger holders of Bitcoin.
Mt. Goxxers will sell Bitcoin and hold Bitcoin Cash
Yes! Sell Sell Sell...I'll buy your btc at bargain prices! 😂
Selling your BTC.....good...let the worlds governments keep furtively buying it....and they are.
Whatever you do, don't grow old, 'cuz the younger generation will hate you for screwing up the world.
Did you disrespect older generation?
If so, I’ll never use Swan again.
Was this staged!? lol 😂
If companies start holding BTC on their balance sheet as an hedge against inflation, the stock market is slowly going to be correlated to BTC, isn't it?
Bitcoin really does test your patience. We are told:
“Buy BTC and wait four years”
Four years later:
“Wait till next year”
A year later:
“Wait till summer”
Then:
“Wait till fall”
I am still waiting…
There has not been a single three year span when Bitcoin purchased at the 1st year wasn’t worth more in the 3rd year. You don’t even need to trust me, you can verify that yourself.
Bitcoin has a 132% annualized rolling 5 year return. If you waited as long as you said, your investment value has more than doubled
@@sobohobo12123 I admit to have exaggerated the point. However I will point out that the price of BTC as of July 2024 is essentially the same as it was October 2021.
Bear market is in, why buy at 57k when you can buy at 33k letter on.
Can you help me, I need to transfer my 400 USDT from OKX wallet to the exchange, according to this phrase: head isolate sound end kit industry choice festival limit stable dolphin derive. I can't do it.
blah blah blah.
this is nothing.
BTC CRYPTO = LAS VEGAS CASINO 🎰 GAMBLING 🎰