🚨 QUITTING CRYPTO!!!!!!!

Summary

The video addresses recent negativity in the crypto market, urging viewers to invest when sentiment is low. The presenter shares an update on their Ethereum trade, showing a profit and new investments in various altcoins. Key news includes the US SEC dropping its Ethereum investigation and potential approval of Bitcoin ETFs by major financial institutions. The presenter highlights the importance of increased money supply and a potential FED pivot for market recovery. An update on their trading challenge from $1 million to $10 million is provided, along with portfolio details and a technical analysis of Bitcoin and Ethereum. Event Horizon updates and a giveaway are also mentioned.

Takeaways

• 😀 The speaker is on vacation but addresses negativity and quitting in the crypto space, emphasizing the importance of buying during low times.
• 📈 The speaker reports a successful Ethereum trade, currently at a $2 million value, and mentions additional investments in old coins.
• 📊 There is a discussion of ETF sell-offs, but the speaker downplays their impact on Bitcoin's price, suggesting there's no cause for alarm.
• 💡 The speaker encourages buying 'old coins' during market downturns, using the phrase 'buy when there is blood on the streets' to illustrate the point.
• 🎉 An announcement is made about a $155,000 giveaway by Event Horizon, with details provided on how to participate.
• 🚫 The SEC has decided not to pursue Ethereum transactions as securities, which is seen as a significant positive development for the cryptocurrency.
• 🏦 Predictions are made about Bitcoin ETFs being approved by major financial institutions, suggesting a second wave of institutional buying.
• 📉 The speaker discusses the potential for a recession due to high credit card delinquencies and the national debt, hinting at increased money supply as a response.
• 💰 The money supply is expected to increase, which could lead to inflation and affect Bitcoin's value, with the speaker suggesting Bitcoin as a hedge.
• 📉 The speaker's own trading challenge update shows a current profit of $1.54 million, with a focus on derivatives and spot trades.
• 📝 The speaker has added several new positions to their portfolio, including Pepe, Arbitrum, Whiff, Starknet, ZK, and Salana, anticipating significant growth in the next 12 months.

Q & A

What is the speaker's current stance on the crypto market?

The speaker is against the negativity and quitting the crypto market, stating that it's a time to buy when there is 'blood on the streets', implying that it's a good time for investment.

What is the status of the speaker's Ethereum trade?

The speaker's Ethereum trade is currently at a profit of 150k, which has improved from the previous day, and is now a $2 million trade.

What action did the speaker take regarding old coins?

The speaker has bought a significant amount of old coins, adding them to the portfolio, as they believe it's a good time to buy when the market is down.

What is the current trend in the crypto market?

The market is experiencing a downturn, which some see as an opportunity for investment.