Bitcoin's Worst Drop In 7 Years | Here's What We Know




#bitcoin #crypto #cryptocurrencies
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42 Comments

  1. Thanks for sharing. btc-recovery. com now offers Bitcoin and ethereum recovery services for those that have lost their Bitcoins to theft, lost password, deleted wallets, hardware failure, binary options frauds, fire ravage and any technical difficulties

  2. All I'm gonna say here is….. If you were excited to buy Bitcoin at 8-9k, you should be ecstatic to buy at 5k.

  3. 14:45 Yea… margin, scams, Aliens, NWO, Big Foot are responsible for crashing Bitcoin, never ever allow a thought that it has always had weak fundamentals like being a bubble of people wanting to get rich quick.

  4. the truth is that if you shit yourself yesterday, you are in too deep. Simple as that.
    "don't invest/gamble/risk more than you can afford to lose"
    remember that?
    good

  5. this is the best post analysis I've seen by far. Advantage of hindsight, but no one else has tied it together so clearly. Sound logic in a time of total panic is hugely comforting. This is what we need to hear and understand.

  6. Holding strong after a swing trade that could have been much better. Particularly if i wasn't getting gouged by the fees on Procoinbase. Anyone have an exchange recommendation for an American in Nevada looking to be able to sell BTC for USD cash money (Bittrex doesn't work for NV and USD). Thank you for any suggestions.

  7. 14:46 best summary ever thank you!

    I have about 1 btc and I refuse to sell even at 5 digits. I’m totally fine waiting a few years to see money from it. I believe in the technology!

  8. Appreciate your vid again! On bond yields, what’s the difference in outcome between long term and short term yield growth vs decline? If the long term yields decline and short term grow what does that show/mean exactly?

  9. This dip is proof that the banks were holding a lot of bitcoin. They had to sell it to buy collateral for their ever growing repo market loans because their corporate bonds aren’t good enough anymore. This isn’t global panic, this is the banks being liquidated out of their crypto.

  10. Thanks for share the news Nick, think it's an accurate point of view…and yes, it was a really bloody day in the market but, best time to buy is when there's blood on the streets right? If i had the cash i wouldn't hessitate a moment on long btc, eth or some altcoin, eventually we gonna surpase all levels so, gains.
    Think all this its a little stop to eventually continue growing even more an overextended market till blows. What do you say, could be?
    By the way, those negative yieldings…in Argentina the common is AT LEAST, more than %2 inflation per month so…and we still going lol unbelievable

  11. Thank you and thank you Nic for the macro view. I always look forward to your videos. Happy to be part of this family.!

  12. Bitcoin Daily is the other channel one I adore although he is moving more to 'Bitcoin weekly' or 'Bitcoin monthly' – but always very funny and informative at the same time and similar persistence in the crypto market as you have.

    No one compares to you in terms of overall capital market analyses and reliability. Simply priceless. Thank you so much!!!

  13. When bitcoin corrected at the end of 2013 till 3rd quarter of 2015, it went down aprox. to the 78 fibonacci point and accumulated there for many months doing a swing and if we project that to the current correction is at around 4k dollar. But it could be even more down if it correct to next point which would be at around 2.5k. In my opinion, there should be a period of accumulation and stability to build a swing that should last some months before another bullish cycle. (But for now it could rebound close to 7k-8k before continuing the correction)

  14. Nick, I just want to say thank you for providing all the great info. I've been watching your channel for a while and your perspective has helped me keep a clear head through the bad days. Stay healthy

  15. 2 articles came out yesterday about a quantum leap in the process of building the first quantum computer which supposedly can be a threat to BTC encryption. Any chance some whales could have sold some of their coins due to this?

  16. Not only that Nick. COVID-19 is the major cause for this situation. Way more than anything else. Coinbase has a record set for transfers to bank accounts. People want liquidity/cash right now. That's why forex dollar is shining right now!

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