BITCOIN – TODAY IS THE DAY, IT’S UGLY! #Finance

how is it going everyone it’s Sam the market has been ugly the market has been very ugly and even over the last day Bitcoin has fallen down I want to talk about that but talk about what’s really happening in the market if you don’t mind hit subscribe turn on the Bell

notification underneath the CashNews.co so you can see future CashNews.cos just like this also I’m not in the normal spot we’re in the car here enjoying one of the last weekends of Summer here let me know what you’re drinking I went with coffee water and then we’re actually

doing a little bit of mimosa now but let me know what you’re drinking Down Below in the comment section and let me know if it’s a nice day where you’re at too if you want to trade none;">Crypto there’s a link to Marx underneath the CashNews.co we’re seeing some interesting trading uh information right now and some interesting data we’ll talk about that later in the CashNews.co but if you want a long the market or short the market there is a link to Marx

underneath the CashNews.co they’re doing a big Cas air drop as well you can get up to $5,000 in Casa tokens just for trading there’s also a link to coin W where you can get up to $15,000 in Bitcoin in case you are someone that wants to stack an aggressive amount of Bitcoin you can go

leverage trade and then you can earn up to another quarter of a Bitcoin basically for free just for trading on their platform so check out those links underneath the CashNews.co now let’s start here we had some ETF selling last week right we had Black Rock selling for a day which

doesn’t typically happen we’ve seen that twice they still were very net positive by the end of the week I think it was around $200 million or something gbtc shedding arcb shedding a position to bitb shedding this is not the best quarter though for Bitcoin now we are still seeing

negative funding rates which means the Market’s very bearish we actually see fear on the fear and greed index as well when we see negative funding rates that means basically the shorts are paying the Longs which means whales usually like to manipulate the market up to then Force out the short

positions basically liquidate the shorts and then if the Market gets too euphoric then they wreck the Longs and back and forth until something budges I will say though Bitcoin still up a lot this year so you know don’t don’t get too down right now and while September is not the best

month for Bitcoin either with a negative about 6% month typically the fact is the last quarter of the year is usually much better this is actually the worst month on average but you can see 30% uh 40% then 20% or so uh or 11% sorry the screen’s a bit smudgy but uh this is usually the best

quarter so we’re gearing up this might be like the last capitulation event before the really exciting end of the year and you can see like even just over last day bitcoin’s down more like we just continue to see some excitement and then the market gets wiped out and I see it in the

comment section right we’ve been trending sideways for 6 months the fact is people are starting to tune out people are getting pissed off people talk about how much they hate me talking about Marx or something like that no one cares when the Market’s going up but when people get you

know wrecked or lose money or go too aggressive or they go go out of the market and then they’re pissed off and they then they want Bitcoin to go down either because they don’t want to be wrong or because they want to buy back in at a cheaper price that’s where we’re at

right now we’re seeing a lot of hate in the market but if you look behind the scenes you can tell what’s actually happening which we’ll talk about but first a word from today’s show sponsor now of course we talk about Bitcoin a lot on the channel but as I’ve said

before some of the best performing Cryptos over the last year when you go year to date are the mem coins now of course as you go down further and further there is more upside potential

there’s also more risk but one that I want to highlight here partner of the channel UFO Pepe has come to the market recently and it does have close ties to the original creator of Pepe they were listed recently on coin market cap and as you can see here they do have a uh verified data coming

from coin market cap that they are circulating 100% of the Supply right here it’s also built on the back of the Pepe hype it’s around a $500,000 market cap right now so still relatively small good amount of Liquidity though and it is relatively new like I said they do

have close ties to the original artist Matt Fury you can actually see here Matt uh furry has followed UFO Pepe artist um and you can see the GIF sellers appear to be exhausted as well you can see a lot of them have sold all of their tokens right a lot of the original uh investors so a lot of them

did take Profits and that has paved the way to kind of get a new Baseline here there’s also a good floor price that has been established from some of the exchanges that they work with now but they are working on more top tier exchanges here in the very near future you can see

our bit exchanges one of the places you can trade right now now like I said uh there is risk when you invest in mem coins so always do your own due diligence but if you do want to check this out I’ll leave links to it underneath the CashNews.co as they are a partner of the channel okay so

while everyone’s getting pissed off like I said while uh people are annoyed in the comments and you know that’s not everyone I’d say 95% of people are still just tuned in uh just waiting it out but the 5% are pretty angry uh at the other end of the spectrum whales and institutions

aren’t bored or scared they’re buying Bitcoin heavily you can see the amount of new wallets over 1,000 Bitcoin just absolutely spiking the the uh balance absolutely spiking this is uh what continues to happen right when they moments of capitulation when people get bored whales usually

are buying right or they’re the ones shedding like if we’re going into a bare Market but the fact is we’re barely we barely went above the previous cycle highs and we do have the FED here cutting rates here very soon a little bit of moon math for you or a little bit of moon hope I

know people kind of get sick of this after the Market’s been sideways for a while but $4.9 trillion Fidelity says one Bitcoin May someday be worth $1 billion actually they say by 2038 I believe this is from one analyst over at Fidelity and then VC says we are going up forever keep in mind as

I say there’s unlimited amounts of money out there there’s unlimited Income there’s unlimited uh investing Capital there’s unlimited future potential of growth and Inflation but there’s only ever 21 million Bitcoin you

can see Mr 100 continues to buy buying a cool 2.87 Bitcoin here today buying 102 the day before buying what 900 or th000 Bitcoin the day before that yeah Mr 100 continues to buy and again like I said Fidelity sold bitwise sold Arc sold Invesco sold van X sold but black bought $200 million worth of

bitcoin just last week so while this has been an ugly couple of months this has been a boring couple of months it is summer too with Summer wrapping up typically there’s some more news people are back in the office it’s been tough depending on when you got in but if you’ve been

investing since the bare market right we’re still up almost 4X from the bottom I was dollar cost averaging the entire time so if you’ve made it this far you’re probably doing doing pretty well you’re up more than just about anyone right if you’ve just been dollar cost

averaging even if you’ve been dollar cost averaging over the last 6 months you’re probably still up if you were dollar cost averaging in the beay so we’ll have to continue to watch I think this might be a little bit of a slow week coming back from holidays and maybe with people uh

still coming back from their vacation homes right Wall Street but we should kick off then next week after this week I think pretty quick uh with a of news and with the FED lowering rates that should be quite interesting that happens in just a few weeks let me know your thoughts though underneath

the CashNews.co really appreciate it let me know again what you’re drinking you’re drinking wine whiskey coffee water tea let me know in the comment section appreciate UFO Pepe as well for sponsoring today’s CashNews.co you can check out their links and the links to marax and to

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