Bitcoin Rebounds +12% | Why it's important to focus long-term

42 Comments

1. I think we are not at bottom yet. We are going to see another huge hit down.

2. “In most of the developing world, you have a lot more people using mobile devices than you have bank accounts. IF YOU CAN MAKE THE FINICAL MARKET AVAILABLE TO THEM , EVEN IF THEY DONT OWN BANK ACCOUNTS, YOU ARE NOW OPENING UP A MASSIVE NEW MARKET”

   That market now exist and its called “https://apps.apple.com/us/app/pi-network/id1445472541” use invite code : LifeLeadership

   Make sure to tell everyone with a cell phone! The people’s currency is here !! Get your piece of the crypto currency pi

3. Lmaoo you’ll still be saying crypto is long term at 4k,3k…I’ll happily wait patiently to buy instead of dcaing at above average prices waiting for the next moon moment ?? smh some ppl can’t see the big picture even when they think they do

4. Not a bottom yet

5. Nice video I am really impressed with your knowledge. can you please check out this project and share your opinion. https://ryo-currency.com/ryo-serious-competitor-to-monero/

6. HOW LOW CAN YOU GO?! people actually listen to this guy? Formulate your own opinion!Trust nobody in this scene. He gets money from competitive coins!

7. Im in to 30 -70 x my money every cycle with Alts

8. Yeah Elon Musk was watching to much next generation startrek. Good it worked out for them. I thought sadly by now they would go bankrupt. One company I am rooting for obviously.

9. What happens to miners if the price of btc tanks and the difficulty increases. Like say 4k with double the difficulty. Won't more and more miners exponentially dump the price. Like a snowball effect? Just wondering.

10. found a bottom? you moron BTC is in a downtrend and if you knew anything about TA you would know it also.

11. I've been watching you for 2 years now and only now figured out that your name is actually Merten, not Martin. LMAO!

12. Nick I lost all respect after you did an interview with Richard Heart and shilled his HEX ponzi coin

13. The BTC drop from 08/11/2019 drop was due China crack down on 39 + exchanges – the news was suppressed for 2 weeks to the western world – The Modern Investor Video was taken down by you tube due to him pissing off china about it – China is heavily cracking down on Crypto exchanges and making arrests – i would expect to see BTC dropping further until this crackdown phase is over

14. "mad gains"

15. WHO BOUGHT IT AT 14K?

16. Buy now or wait for the lower lows until the havening happens… that everyone talked about and may or may not happen

17. Wanna see this kid's face when bitcoin is trading at 2k lol

18. Currently writing my college research paper for Canopy Growth Corp. ?

19. I'm in it forever. The USD is criminal and used to destroy humanity's goodness. I get USD and quickly trade that shit for BTC.. no fear, no care, no worry.. Anything but USD!! I'm going to the end of the world !! NOONE is as fearless as ME.

20. Besides buying some cold-storage bitcoins on ebay back in 2013 and overpaying at the time as I wasn't ambitious in opening a crypto exchange account (and completely forgetting I had them until December 2017), I only started REALLY buying in December 2017 towards the very peak and after investing a large sum, saw my holdings plummet but after carefully analyzing LONG-TERM volatility/charts/graphs (+researching this topic & forming valid conclusions), I realized this wasn't anything new and simply said to myself "I will NOT sell at a loss" which I have kept to this day. I continued buying in 2018 and 2019 and despite recently losing huge sums, I don't mind and aren't worried because I'm ONLY in it for the LONG-TERM – I could have sold in late June when BTC was nearing $14k but decided not to because I held to the mentality that I will NOT sell at a loss. Either I lose EVERYTHING (when cryptos are concerned) or I **EVENTUALLY** experience EXPONENTIAL growth again but I've researched this probability and have deemed it very low risk for having bitcoin plunge to literally 0 (despite 50-95% crashes) and figured I'd just HOLD until the next "FOMO/EUPHORIA CYCLE". Historically, bitcoin enters a MASSIVE BULL MARKET a number of months (maybe ~6 months, give/take a few) AFTER the bitcoin halving and given that bitcoin halving is scheduled for May 2020, I figured it will start growing SIGNIFICANTLY ~2021. Yes, even in 2020, I expect major growth but also declines or periods of volatility because historically, bitcoin entered a shorter/medium-term bull market a few months prior to the halving but after the halving event, oftentimes, it dropped as bitcoin doesn't typically enter an EUPHORIA/FOMO-PHASE immediately after the halving – its when bitcoin starts getting much more scarce & all the miners are only rewarded half of what they were previously (prior to the halving).

    REMEMBER THIS KEY FACT – YOU DON'T LOSE ANYTHING UNTIL YOU ACTUALLY SELL!!!!!!!!!!!!!!!!!!!!!!! This applies to bitcoin/cryptocurrencies, stocks, bonds, mutual funds, ETFs, currencies, derivatives, gold/silver/platinum/palladium/rhodium (precious metals), and literally all other commodities & investments/markets. If a person held their stocks/investments AFTER the 2008/2009 crisis despite such a major crash, if they would sell now, they would typically make an immense profit (depending on the stocks//assets they invested but most likely, be profitable) – same applies to 2008/2001 or after the .com/tech bubble. I also anticipate another bubble erupting EITHER IN 2020 OR 2021 (possibly a number of months before the elections or after) because the DEBT levels are at RECORD HIGHS and this DEBT BUBBLE based on fiat fractional-reserve debt-based system cannot continue growing indefinitely (and we're already in the longest bull-market in US HISTORY). Its possible that when the next economic crisis unfolds, many will seek other alternatives such as cryptocurrencies and precious-metals + physical assets! I expect an economic/monetary crisis (which will lead to political/social/societal/etc.) to be far worse than 2008/2009 as the debt-levels are far higher and individuals' safe assets are pretty low so all it takes is a trigger to set off the next domino/avalanche-effect within the economy/conventional markets – I predict that sometime in 2020s, we're very likely we'll reach DEPRESSION-LEVEL phases, just research what the following reputable or respected figures are predicting:

    * Professor Johan Galtung (see what he’s been predicting and he accurately predicted the collapse of the Soviet/USSR empire years before it happened along with Japan’s long-term stagnation– he’s also a Nobel Prize winner, author of over 150 books, founder of “Peace Studies”, entitled with 13 Ph.D.s or doctorate-degrees, etc.)

    * former Congressman David Stockman (ex director of the Office of Management and Budget)

    * Ex-Pentagan, NSA, & CIA insider & asymmetric warfare advisor + lawyer + author + finance specialist Jim Rickards

    * former US Congress advisor (author or Economic Recovery Tax Act of 1981) & ex US Assistant Secretary of the Treasury for Economic Policy (under Reagan) Dr. Paul Craig Roberts

    * Professor Richard D. Wolff (Professor Emeritus of Economics @ University of Massachusetts Arnhest & Visiting Professor in Graduation Program in International Affairs of the New School University in New York who taught economics @ Yale, City University of New York, University of Utah, University of Paris I [Sorbonne], & The Brecht Forum in New York City),

    * Investor Jim Rogers who founded the Quantum Fund with George Soros & saw huge profits

    * NUMEROUS OTHERS

    A fractional-reserve/fiat system or infrastructure built on debt which is built upon even more debt and stacked upon even more debt cannot be sustained forever (basic laws of nature prove this regardless of record high stock markets, ultra-low unemployment at least in "official/manipulated terms", etc.) and some anticipate that cryptocurrencies OR AT LEAST BLOCKCHAIN-TECHNOLOGY (even if somewhat centralized/controlled) may be the next big thing but who knows for sure, time will tell. I just wanted to point out that a person doesn't lose anything until they actually sell and I haven't invested in bitcoin/cryptos to make thousands or tens of thousands, I'm in it to make millions so I don't worry about shorter/medium-term declines/crashes. In my opinion, those who invest in at least 4 years (come on, this isn't like buying a whopping 30-year bond/security) and wait some time AFTER the next halving can be rewarded.

    All this isn't financial/professional advice but remember:

    * In 2011 (June to November), bitcoin fell ~93% (just under 94%)

    * in August 2012, bitcoin fell ~56.7%

    * In April 2013, bitcoin fell ~73.3%

    * In December 2013 – January 2015, bitcoin fell ~84.6%

    And more recently, bitcoin price dropped from nearly/approximately $20,000 down to (if I recall correctly) near $3,150 about the December 2018 timeframe so these major falls/declines/corrections aren't new. Hundreds of times, mass-media or other so-called reputable sources claimed bitcoin was dead but time & time again, they were proven wrong. I'm just hoping I don't become greedy around the 2021 timeframe for when I expect record highs in bitcoin which will far exceed its prior $20k highs (based not only on STOCK-TO-FLOW RATIO, HISTORICAL PATTERNS, but various other factors) so I'm not going to worry much if bitcoin/altcoins fall further since I've learned that its SAFEST to make life-altering-wealth targeting specifically the LONG-TERM CYCLES which are generally much more predicable than short-term or even medium-term cycles (because short-term predictions have such a high inaccuracy rate that I feel its safest to solely target long-term cycles, at least the 4-year cycles or waiting a number of months after the bitcoin halvings)… Just my few thoughts…

21. On Tesla, I think it was the stats on the upper tier models that got people to put down money on a rather ugly truck. A vehicle that can tow 14,000lbs 500 miles is made for ranching, and those who service remote oil rigs, wind turbines, etc.

22. I'm going to guess bitlord ???

23. Do you host your videos as audio only anywhere? I find myself listening to what you have to say a lot but sometimes do it on the way to work or in an environment where I may not have access to video. Keep up the content – you are very well spoken and I have learned a lot by watching.

24. Same recycled videos, so boring

25. At first glance of the TCT Tesla CyberTruck, was not that appealing, but as I further went into the vid and heard of the spec's of the TCT, it grew on me and I'm not a truck guy, I'm more of an SUV guy, TMY Tesla Model Y. I like how you bring in traditional markets into the mix, some how I feel like they will also adopt into the digital age we're all going to. This senior citizen HODL's BTC and treat it like my 401-K Plan and gather alt coins to stake, and treat them like company stocks that pay dividends. Keep this trend content coming, young Nicholas M. aka Data Dash. I'm also in it for the Long Haul…

26. I liked for the MJ analysis

27. Not yet,3-4k$ possible

28. Nick hitting the big sponsors, way to go!

29. What do tou think about (MRVL)? Can you look at the chart for me?

30. Only if Ledger mismanages a Software update (like they did with the Segwitt litecoin in 2017) you can lose a coin amount on the Ledger. They will not do any returns. Had been trying for months.

31. “If you are not willing to hold a crypto for 5 years, do not even think about holding it for 5 minutes.”

32. Right? Is this how people start to talk when they went to college. It's similar to saying "like". It's beyond annoying, have to unsubscribe, right?

33. Hey Nick, what is so funny about the Nano X?

34. Nic is ledger nano x considered a “hot wallet”? Thanks

35. can you transfer from nano s to x directly ?

36. Ledger Nano is great, my only complaint with the S version is I wish it had more app storage space. It can store a lot of ERC-20 token apps, but as soon as you start adding unrelated blockchains like BTC and XRP you quickly run out of storage space. How many more apps can the X hold? Is storage space less of a problem on the X?

37. I’ll buy canna stocks on 4/20/2020

38. In the future I believe we will see 10 grand plus moves up and down daily. 10 years time and laugh at this time should I buy or wait for dip that may never come again. Just saying.

39. Id like to see a review on how it works on a cell phone (Part 2?)for which it was designed. I have a Nano S but have yet to fully trust ANYTHING stored on a cell phone. Good show as usual Nick!

40. Of course, you have to focus long term. btc is facing a propable 80-90% retrace, from the 14k high.
    After that it will take month, if not rather even years, to recover – If it does at all.
    Maybe, one day the price maybe high enough to turn your invest in to profit – At least for a few minutes, before it dumps again, to the lows. But since after all, you wont sell your BTC then, either, this might not even be something that bothers you.
    Just focus long term and HODL on.
    Good Luck!

41. Hey Nic! Why you mentioned, that’s it’s better to process your seed phrase while the ledger isn’t plugged in?

42. Absolutely man! Hold forever! I jus be talking smack lol I’m never selling!

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