Bitcoin Drops 25% In A Week | Here Are My Thoughts





#bitcoin #crypto #cryptocurrencies
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25 replies
  1. Learn English
    Learn English says:

    Hey guys. I am looking for people for my new miner project. If you have a bitcoin wallet, you can make money. Don't worry, you don't need powerful computer. I just need people on our new project. It is fine if you can invest and help develop but you can join without it. Contact me if interested. Telegram @Millscon

    Reply
  2. The dude
    The dude says:

    Question: I am slightly worried that because of the whales coming into the BTC-market we will not see a huge btc price in next 2 years like 60.000 dollar. Because the whales don't need the high price because they can pump and dump like they want and still make huge profits. So I think we need more new money coming into the market to reach a very high price. Any commen't on this guys?

    Reply
  3. Peter Silo
    Peter Silo says:

    Is it really worth talking about a drop or hike of the market, when you see how banks are manipulating the market, by having more silver shorted then physically exists ? While having access to basicly unlimited amounts of funds the banking mafia can do with crypto, whatever they want to !

    Reply
  4. Johnny Waters
    Johnny Waters says:

    Always great content. I missed your videos during the last few days, but I'm very glad you got to take some time off and go camping with friends. It's so important to unplug every now and then just to reset a little bit. And considering you put out a video almost every single God damn day, well deserved. Good stuff and stoked to sit down and watch that macro trading video from the other day. Keep it up!

    Reply
  5. Mr. T
    Mr. T says:

    Your last 2 videos have been amazing! I'm new to crypto. I've invested and made a few trades. Ended up on Bybit shorting and limiting. Had no idea what I was doing! Took my BTC off that exchange and watched your macro trading video. Thats how I wanna trade! Day trading is too crazy. For me. I have a job! Thank you for sharing this information that you paid your dues to learn.

    Reply
  6. Funding Gym
    Funding Gym says:

    Hello Nick, can you make a comment in your next video about the tax implication of futures on CME, which is cash settled versus Bakkt which is BTC settled. I think that because it’s considered a commodity by the IRS, the tax is more to use Bakkt.

    One of the reasons I hardly move BTC from wallet to exchange or other platform is because of the headache related to proving it’s not a tax event.

    Reply
  7. Metal Bum
    Metal Bum says:

    BTC will be back. It’s always agter a big drop when it’s a good time to buy but people become overly fearful when it’s oversold.

    Times to buy. Bitcoin. Ethereum. Litecoin. Ripple. EOS. BAT Chainlink. Dash. NEO. XLM

    Reply
  8. mplum590
    mplum590 says:

    Nick Loved the video, learned 3 things in 3 minutes !!! But I wish you viewed one issue differently and then addressed it: I think your assumption for the average person not wanting to buy at 40% discount is wrong. The problem is liquidity. I believe that alot of people are bullish on the long term (like you) and do believe that buying at 8k is a huge discount, but when they missed selling at 10 or 11k , then there is no liquidity to buy at 8k. So they sell at 9k seeing the downtrend and hoping it drops further to buy at 7k.

    Reply
  9. Rodrigo Serafim
    Rodrigo Serafim says:

    Running the math on the daily prices since 2015 for investing at a random time and waiting X period:
    Week: 57,74% average win rate, 1,84% average profit
    Month: 62,86% average win rate, 2,48% average profit
    Year: 85,18% average win rate, 4,93% average profit

    That means that if you bought at a random time since 2015 and waited a year then sold, you would be in the green 85% of the time, and you would win 5% per week (266% yearly) profit on average.

    Average profit was normalized to a week period in the monthly and yearly for comparison sake.
    This means that DCA is one of the best strategies to use in bitcoin. That together with some portfolio management re-balancing should trigger automatic take profits when your crypto capital gets too high in relation to your global assets (and extra buys when it drops 85% as crypto does).

    Reply
  10. R James
    R James says:

    Bitcoin 2020 mining reward halving closing in all the time……⏰

    Good to see that former US Presidential candidate Ron Paul just announced as headline speaker at Łitecoin Summit in October. 🐬

    Reply

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