NO MORE BITCOIN LEFT!!!!
TLDRIn this video, DaVinci Jeremy and Mr. Maritzio discuss the impending Bitcoin shortage and its potential impact on the market. They mention that Bitcoin supply on exchanges is rapidly diminishing, which could lead to a scarcity of the cryptocurrency. The conversation also touches on the activities of institutional investors like Black Rock and the role of ETFs in market manipulation. The hosts emphasize the importance of patience and securing one's Bitcoin, suggesting that consistent accumulation over time can yield significant returns. They also caution against trying to time the market, highlighting the risks of emotional trading decisions. The video ends with a discussion on the current Bitcoin price trend and the possibility of a downturn, advising viewers to be cautious and not get caught on the wrong side of the market.
Takeaways
- π Bitcoin is experiencing a shortage, with the available supply on exchanges rapidly diminishing, potentially reaching depletion within the next nine months.
- π Bitcoin is becoming increasingly scarce, which could lead to a significant price increase as demand outpaces supply.
- π° Institutional investors like Black Rock are accumulating Bitcoin, which has contributed to the reduction in available supply on exchanges.
- π Despite the current shortage, Bitcoin's price is nearing its all-time high, indicating strong market interest and potential for further growth.
- π§ββοΈ Some believe that market manipulation by industry players, possibly using ETFs like GBTC, is creating artificial price dips to induce selling.
- π« The speakers advise against selling Bitcoin at the moment, as the long-term potential seems promising, and selling could result in missing out on future gains.
- π€ They suggest that patience is key when investing in Bitcoin, as quick gains are not guaranteed and the market can be volatile.
- π The discussion highlights that Bitcoin is currently in a bull market, which is expected to continue and possibly intensify in the coming months.
- π‘ The speakers recommend using DCA (Dollar-Cost Averaging) strategies for those looking to invest in Bitcoin over a longer period.
- π Emphasizes the importance of securing one's Bitcoin, as the risk of network issues or theft is considered very low.
- π Coin W is offering a bonus of up to $10,000 in trading bonuses with their Easter egg giveaway, encouraging new users to sign up.
Q & A
What is the main topic of discussion in the video?
-The main topic of discussion is the impending Bitcoin shortage and its potential impact on the market.
Why is Bitcoin running out on the exchanges?
-Bitcoin is running out on exchanges due to a rapid decrease in available supply, with demand potentially outpacing the available coins.
What does the term 'Bitcoin having day' refer to in the context of the video?
-The term 'Bitcoin having day' is used to highlight the day when Bitcoin supply is particularly low, making it even harder for institutional players to buy.
How has the Bitcoin supply on exchanges changed recently?
-The Bitcoin supply on exchanges has almost depleted, with a significant reduction in supply expected within the next nine months according to an analysis by Bybit.
What is the significance of Grayscale's GBTC and its selling status in relation to Bitcoin supply?
-Grayscale's GBTC has been selling a large portion of its Bitcoin, contributing to the decrease in available supply. When GBTC stops selling, it could signal a further scarcity of Bitcoin for institutional buyers.
What advice is given to viewers regarding Bitcoin investment?
-The advice given is to consider buying Bitcoin before it becomes scarce, and to hold onto it for the long term, regardless of short-term price fluctuations.
What is the potential impact of retail investors entering the Bitcoin market?
-The entry of retail investors into the Bitcoin market could further drive up demand, potentially leading to higher prices and increased scarcity of the cryptocurrency.
How does the speaker describe the current state of the Bitcoin market?
-The speaker describes the current state of the Bitcoin market as being in a bull market, with the price nearing an all-time high and a significant reduction in supply on exchanges.
What is the role of ETFs in potentially influencing the Bitcoin market?
-ETFs can be used to borrow and sell Bitcoin into the market to manipulate prices, creating an environment that may encourage investors to sell their holdings.
Why is patience considered a key factor in Bitcoin investment?
-Patience is important because Bitcoin's value can fluctuate significantly in the short term, and investors need to hold onto their investments to see long-term gains.
What is the significance of the speaker's mention of a DCA (Dollar-Cost Averaging) strategy for Bitcoin investment?
-The speaker suggests that consistently accumulating Bitcoin over two market cycles, which is eight years, using a DCA strategy could lead to significant gains for investors.
Outlines
π Bitcoin Shortage and Market Dynamics
The first paragraph discusses an impending Bitcoin shortage, emphasizing the importance of securing Bitcoin before it becomes scarce. The speakers, DaVinci Jeremy and Mr. M, are in Dubai discussing their recent activities and the state of the Bitcoin market. They mention that Bitcoin supply on exchanges is rapidly depleting, which could lead to a significant price increase. They also reference an analysis by Bybit that suggests a potential depletion within the next nine months. The conversation touches on the behavior of institutional investors, the impact of Grayscale's Bitcoin trusts (GBTC) on the market, and the importance of holding onto Bitcoin in anticipation of further price increases.
π Bitcoin's Scarcity and Institutional Interest
In the second paragraph, the speakers continue to discuss the scarcity of Bitcoin and the increasing interest from institutional investors. They highlight the difficulty of finding sizable amounts of Bitcoin for purchase and the inability to 'print' more Bitcoin, unlike fiat currency. The paragraph also mentions a promotional offer related to trading bonuses and the significance of Bitcoin's current price nearing its all-time high. The speakers predict an 'explosion' in the market due to supply not being able to meet the growing demand, and they advise viewers to accumulate Bitcoin, suggesting that patience is key for long-term gains.
π° Accumulating Bitcoin and Market Manipulation
The third paragraph focuses on the strategy of consistently accumulating Bitcoin, particularly for those who can manage to dollar-cost average (DCA) into the market. The speakers express confidence in the potential gains of holding Bitcoin for two market cycles, which equates to eight years. They discuss the negligible risks associated with Bitcoin, comparing them to the probability of an asteroid hitting Earth. The paragraph also addresses the possibility of live interaction during their show, where viewers can ask questions and receive trade signals. Additionally, the speakers analyze Bitcoin's price action, suggesting potential future market movements and the importance of not trying to time the market or 'catch a falling knife.'
π Market Manipulation and Emotional Trading
The final paragraph delves into the tactics used by industry players to manipulate the market, such as borrowing Bitcoin from ETFs to sell and create a desired market environment. The speakers caution against the emotional aspects of trading and the dangers of trying to predict short-term price movements. They advise against selling Bitcoin with the expectation of buying back at a lower price, as this strategy can lead to losses if the market moves unexpectedly. The paragraph concludes with a reminder of the importance of patience and a tease for an upcoming live stream and social gathering, indicating a continued engagement with the community.
Mindmap
Keywords
Bitcoin
Shortage
Exchanges
Depletion
Bull Market
ETF (Exchange-Traded Fund)
GBTC (Grayscale Bitcoin Trust)
Institutional Players
Retail Investors
DCA (Dollar-Cost Averaging)
Fiat
Highlights
Bitcoin shortage is predicted to occur within the next nine months according to a Monday analysis by Bybit.
Bitcoin supply on exchanges is rapidly diminishing, potentially leading to scarcity.
The speakers suggest that Bitcoin is becoming increasingly scarce and recommend securing some before it's too late.
Grayscale's GBTC has almost completed selling, which could impact the available Bitcoin for institutional buyers.
The discussion highlights a potential upcoming 'explosive' period for Bitcoin's price due to supply and demand dynamics.
The speakers believe that retail investors are not fully in the market yet, which could further drive up Bitcoin's price.
There's a mention of Bitcoin commercials increasing, indicating growing public awareness and interest.
The importance of patience when investing in Bitcoin is emphasized, as quick gains are not guaranteed.
Diversified Crypto Asset (DCA) strategy into Bitcoin is suggested for long-term success over two cycles, which is eight years.
The risk associated with Bitcoin is considered very low, equated to the probability of an asteroid hitting Earth.
The conversation includes a live demonstration of buying Bitcoin from Coin W, emphasizing the platform's ease of use.
The potential for a Bitcoin price drop is discussed, with the suggestion that industry players may be manipulating the market to increase volume.
The speakers caution against trying to 'catch a falling knife' in the market, as emotional decisions can lead to losses.
A technical analysis of Bitcoin's price chart suggests a possible retest of the 38.2% Fibonacci level.
The discussion includes a strategy for not being on the wrong side of the market if institutions fail to manipulate prices.
The video ends with an invitation to join a live stream and an upcoming gathering, indicating a community aspect to the channel.