2023 is upon us! Happy new year frens!
I am back at my lazy day job, killing time on YouTube instead of being a productive member of the society and stumbled upon this fella that pretty much describes what I feel is about to happen in the coming months.. But he is much better at wording it:
Yeah, the video title is a "bit catchy" but it's finally good to see an analyst using common sense instead of mumbo jumbo ta, screaming the bottom is in.
At the end of the day, crypto has been largely following the sentiment of the general finance markets and unfortunately still is a "dumpster in the basement of the general finance building". Maybe this will one day change.. But for now it looks the whole building is about to collapse, it will be funny to see what happens to the dumpster in basement 😂😂😂
As my new friend mentions, despite the ups and downs, we have been in a over a decade long bull market since 2008. What if an over a decade long bear market is about to begin? Woohoooo 🎉
Anyways, this guy has earned a sub from me. I like his overall honest, down to earth attitude and he has some other cool videos. I also like how he only posts only 3-4 times per month unlike other "financial advisors" (like graham Stephan) who just milk daily posts on YouTube pretending to be finance gurus when instead they are just entertainers milking ad revenue and affiliate commissions.😅
Hope I made your day! Happy new year again 😂
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Yup, this guy basically says out loud what everybody should really already know: nobody knows wtf is going to happen. We're in uncharted territory. This is the first time crypto will be around in this kind of environment. As you've said, this is why Bitcoin was built in the first place: as a place to go where the government can't devalue your money. A place outside the legacy systems that are manipulated for the benefit of the people who can still be liquid enough to buy when everything is cheap.
It will definitely be interesting. The thing that worries me is all the cash sitting on the sidelines. It's hard to see that entering the markets until there is some sort of major event to the downside. We'll see. On the positive side, all that cash could signal another very short-term "crash" with an immediate infusion once it's out of the way. Might be a time to straddle the markets. Could win on both sides...
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Come bull 🐂, come Bear 🐻 you can bring a cock too.
I'll prevail over all😎
Cock? 😊 😋
Hen😎
😭
Bear markets can be quick and they can be long. So far this one continues to stack not just bad new but actual real bad events. Wars, trade wars, lock downs, a wildly over bought and pump up market that should have collapse 2 years ago.
Heh, well said 😂
The whole time when I was listening to this young guy - only one feeling could not leave my mind:
This young "CEO" probably discovered crypto only 3-4 years ago. So far from true understanding what crypto realy is...
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Well to be fair he doesn't pretend to be a crypto genious or something, he even says that luck has played a significant role in his success and admits he hopes he is wrong because his company won't do well in the scenario he describes. The reality is Bitcoin was created for this exact scenario we are experiencing today. Let's see how it's fairs!
Hmm.. seems that he really beleives that if the macro environment fail it will crush BTC and everything with it.. Will it though?🤣
We will see, BTC was created supposedly for this exact kind of conditions :)
Exactly! So why would that basement be crushed then? :P maybe crypto decides to go party at the attic instead of the basement - going around the overall macro environment lol!
The trouble crypto has is that it is fast to liquidate and operates 24/7. Speculators will cash out their bags to cover margin calls on their stocks. The good thing about crypto is also the bad thing about crypto. You can't do the opposite. If you're being liquidated in crypto, it would take a day to sell off stock and a few days for the transaction to settle, then maybe another day to transfer the money.
So, it's true that crypto is better than fiat. But, that's its weakness, being better than fiat. Therefore, when panic sets in, crypto is the first to be sold.
CoinBureau has millions of followers world-wide
Dunno who that is
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I'm all for a good bear market, but no thanks on it lasting that long 😂 I'll be happy if we come out of it sometime in the spring or summer of 2024.
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I like his reasoning and I agree that it's dumb to buy right now. In a way, a simple video relying on common sense is always better and finance gurus aren't doing so great lately. Some of the decisions they have made haven't been the best.
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He is doing some amazing analysis, going to subscribe his channel for future videos and information. All these other financial markets are pressuring the bitcoin to go more down, but atm bitcoin is standing strong which is a good thing.
It's a good analysis on crypto. I agree other YouTubers just posts daily, but he seems more honest !
Crypto indeed doesn't live in a bubble and the macro space influence it even more than the stock market. Still living a bear market, let's see how long it will last.
I have been following Alex Becker for few years (even before he was into cryptocurrency). His business is Hyros which is a product most people on YouTube cannot even afford. He speaks his mind and he has been right a great many times before.
Update: Hyros was sold for $110 million dollars.
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I remembered his Fiverr copy years ago when he was an "online marketer".
Not watched the video, but I don't think we see a decade-long bear market. Maybe if we own nothing and be unhappy in 2030, but otherwise I guess printing begins at some point again.
The markets are addicted to it. I mean 0% interest is retarded, but the world wants it, lmao.
I have also subscribed to this guy's channel on YouTube. And will definitely watch his upcoming video to see what updates and pridiction he gives about crypto. Many people are making lot of money from youtube giving daily crypto update in youtube and none of their prediction is true. I think the bull market will start by mid-2023.
Yup I also expect this year to be extra shitty :) but Happy New Year nevertheless
I’ll check it out now. I don’t listen to any of those pumper guys, they are all full of shit
There are many gentle folks like the dude you showed here in the video. Although, crypto market is largely dependent on FUD and negative news globally. You have to be Ronaldo to replace Coke from the table with Drinking Water. 🙃
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So you like more the blond type?
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!hivebits
This is more or less what I've been thinking. Despite the dips, if you look at the big picture crypto has essentially been a big bull market since the beginning. I certainly hope we aren't due for a "decade long bear", but at the same time I wouldn't be surprised if this lasts a lot longer than people think it will.
and everyone is panicing again xD
I like how he reminds us that crypto is so small in the grand scope of things, but also hopes to help us not get wrecked.
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