Will bitcoin provide a second chance to bulls at below 10K? Bitcoin has so far followed the script that we mentioned in our June video: a breakout higher above 10K towards 12K. Will we see in the coming weeks another test of 10K or sub-10K levels before the next major rally higher? In this interview with trader Zak Mir we ask these important questions and examine the charts. #Bitcoin #BTC #AlessioRastani
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Hey guys, thanks for your comments. Some people are asking why it matters at what price level you buy – they are saying buying at 10K is just the same as buying at 20K or 4K. As you know, this is totally WRONG. Here's why: It's simple mathematics. The price you pay determines your rate of return. If you bought at near 4K in March, then by 8K you would have doubled your money (100% return). But if you bought at 10K, then you have to wait for 20K to double your money. And someone who bought at 20K in 2017, they are STILL in a major loss and have lost 3 years of TIME!!! They have to wait for 20K just to break even. That is why buying at the RIGHT price at the RIGHT time matters very much. Thank you.
Alessio and Zak, you guys are awesome! Thank you for another smart analysis. I’ve watched this video twice already and each time I’ve laughed so hard when Zak said that a lot of people got bored or died of old age from watching Bitcoins sideways action for so long? I’ve recently lost a parent suddenly, and very few things have been making me laugh. I just want to thank you guys for that! ???
Bitcoin is the future, Investing in it now will be the wisest thing to do especially with the current rise
It's at 11,500.00 why are you showing 10 k and going to 12k?
Dude you have no idea how grateful I am that you are willing to consistently put out these videos. The knowledge you pass along is powerful especially during times of uncertainty due to these huge ranges Bitcoin is moving between, Nobody knows the future. Logic says that markets, sooner or later, have to correct to the reality levels. But then again, they might not too. I really dont know. All i know is one thing : My HODL position will stay untouched for the next 1-2 years, I have a diverse portfolio on which I trade with Mrs Diane Robinson to multiply my profits. Bitcoin Ben and some majority of the videos uploaded on Altcoin Buzz channel made references about Her superb Strategy. She's the best in crypto world if you ask me. You can reach him via whats-app +1 917 624 9487 and tele-gram @ Diane_RobinsonNet
This is the Cantillon Effect that other professional broadcasting shows, just like the Keiser Report, are also talking about. If there will not be a short term solution for that (and it won’t be) Alessio may put Nietzsche’s and Schopenhauer’s books on the shelf and pick at the same time the books of Marx and Engels…
I investing in gold and other precious metals has been on for centuries and this century we have seen several ways to invest
Ha Ha share splits and extra offerings LOL
Well this actually depends on the sentiments of the market, this is what really drives it to move higher
I think the election will make a huge impact in the market…
My target is 14k
Thank you for the video ??
No
Lets BUMP and RUN. Aroo!
Alessio, what are your thoughts on the possibility of another huge stock market sell off if we have a second wave of this pandemic? If it happens, do you think BTC, gold and other assets will sell off again like they did in March?
We went to 12k twice and guess what….. no Fomo . Not the slightest fuckin sign of FOMO . In fact it sold off very quickly . Too many people got burned by crypto . They will never come back in . With out new investors its never going to ATH . The only people buying crypto are already in crypto . Its just the same dummies buying more and more . No one out side of crypto gives the slightest fuck about Bitcoin . It failed dismally the first time round . Could never do what it was suppose to . Nothing has ever been fixed and never will be . It will have its usual pump and dumps . If you have a spare $1000 lying around . Yes buy some . A little cant hurt . I say it falls to 10500 before a bounces . If it goes below that then I say it will go to 9600 as a absolute bottom for now .
I dunno, i've got a bunch of trendlines on my chart and of all the ascending ones that would keep us in this bullish range the lowest price i can see it reaching is $10.5k which is also a strong horizontal support. There's way too many people wishing for it to drop below 10k again now, makes me think the buying pressure will kick in before that can happen.
1:14 majestic
Below 10k this year
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