Bitcoin VS Crypto Holders (2024 BULL MARKET PREDICTION)
Summary
TLDRIn this video script, the speaker, Crypto Kip, emphasizes the importance of patience in the cryptocurrency market while reminding viewers to 'touch some grass' and stay grounded. He discusses the cyclical nature of crypto, mentioning the potential for a bull market and advising against YOLO investing. Kip also highlights the growing mainstream acceptance of crypto, with politicians and financial institutions increasingly engaging with the space. He encourages viewers to practice DCA (Dollar Cost Averaging) and HODL (Hold On for Dear Life) strategies, take profits wisely, and stay informed to manage risk effectively. The message is clear: despite the volatility, the crypto journey is far from over, and there are still significant opportunities ahead.
Takeaways
- đ Crypto enthusiasts are anticipating a significant bull market, but the speaker emphasizes the importance of patience and perspective in the crypto space.
- đ± The speaker uses the phrase 'touch some grass' as a metaphor for staying grounded and not getting too caught up in the volatility of the crypto market.
- đĄ The speaker reminds the audience that cryptocurrency is gaining mainstream attention, with politicians, financial institutions, and even presidential candidates discussing it.
- đ The script discusses the cyclical nature of the crypto market, suggesting that there are still opportunities for growth and that the current market is in an accumulation phase.
- đ° The speaker advises on the strategy of 'DCA and hODL' (Dollar-Cost Averaging and Hold On for Dear Life), which involves consistently investing and holding onto assets for the long term.
- đ The speaker mentions that Bitcoin has a 1.2 trillion market cap and has been consolidating its value, hinting at potential for further growth.
- đ€ The speaker acknowledges the fear and impatience that can come with waiting for a bull market, but encourages viewers to stay the course.
- đŒ The speaker talks about taking profits and managing risk, suggesting that it's wise to secure gains and reduce exposure to volatility.
- đ The speaker shares personal anecdotes of using profits to improve his life, such as paying off car loans, and encourages others to do the same.
- đź Looking ahead, the speaker predicts more opportunities in the crypto market, including potential ETF approvals for various cryptocurrencies.
- đ The speaker stresses the importance of doing one's own research and not blindly following influencers, as each investor must make decisions based on their own circumstances.
Q & A
What is the main message that the speaker wants to convey to the audience in the crypto space?
-The main message is to remind the audience to be patient and grounded in the crypto space, emphasizing the importance of touching grass and being mindful of the cyclical nature of the crypto market.
What does the speaker suggest about the current state of the crypto market?
-The speaker suggests that the crypto market is currently in an accumulation phase, indicating that there is still potential for growth and that the bull market may not have run its course yet.
What advice does the speaker give regarding taking profit in the crypto market?
-The speaker advises to take profit on the way up and to do so for a reason, such as investing in more established coins or cashing out some gains to secure financial stability.
What is the speaker's view on the importance of managing risk in crypto investments?
-The speaker emphasizes the importance of managing risk by suggesting strategies like DCA (Dollar-Cost Averaging), HODLing (holding investments), and taking profit to ensure financial security and peace of mind.
What is the significance of 'touching grass' as mentioned by the speaker?
-The phrase 'touching grass' is a metaphor for staying grounded, being patient, and not getting too caught up in the volatility and speculation of the crypto market.
What is the speaker's perspective on the future of cryptocurrency?
-The speaker believes that cryptocurrency is here to stay and that there will be incredible opportunities in the next 6 to 12 months, with potential for significant growth in various crypto assets.
What does the speaker suggest about the role of financial institutions and politicians in the crypto space?
-The speaker notes that there is increased talk about crypto from politicians, financial institutions, and presidential candidates, indicating a growing acceptance and integration of cryptocurrency into mainstream finance.
What is the speaker's opinion on the potential for Bitcoin's price?
-The speaker believes that Bitcoin has a strong potential for growth, with $100,000 being a likely target and even $200,000 being a possibility, though it would be considered an epic price.
What is the speaker's advice on how to handle profits from crypto investments?
-The speaker advises to use profits wisely, such as paying off debts, securing financial stability, or rewarding oneself with something meaningful, while also keeping a portion of the profits for potential future gains in the market.
What is the speaker's view on the importance of doing one's own research in the crypto space?
-The speaker stresses the importance of doing one's own research and due diligence before investing in any crypto asset, rather than blindly following influencers or other investors.
Outlines
đż The Importance of Staying Grounded in Cryptocurrency
The speaker emphasizes the significance of staying grounded and patient in the cryptocurrency market. They remind the audience that while many are anticipating a major bull market and significant returns on their investments, it's crucial to maintain a balance and not get carried away by the volatility of the crypto space. The speaker also highlights the cyclical nature of crypto, suggesting that there are still opportunities for growth and profit, despite the market's current state. They advise against making impulsive decisions and instead recommend a strategy of 'DCA and hold' (Dollar-Cost Averaging and holding onto investments), taking profits along the way, and being prepared for both victories and losses.
đ Profitability and Risk Management in Cryptocurrency Investments
In this paragraph, the speaker shares a personal anecdote about using profits from a meme coin investment on Kronos to pay off two cars, illustrating the tangible benefits of successful crypto investments. They stress the importance of not risking one's entire portfolio on a single move ('YOLO' strategy) and advocate for a more measured approach to risk management. The speaker also discusses the potential for future growth in the crypto market, mentioning specific cryptocurrencies like Bitcoin, Ethereum, and Salana, and hints at upcoming opportunities such as ETFs for these assets. They conclude by reiterating the importance of doing one's own research, managing risk, and occasionally taking a moment to 'touch grass' as a metaphor for staying connected to reality and enjoying life's simple pleasures.
Mindmap
Keywords
đĄCryptocurrency
đĄ5x or 10x opportunity
đĄParabolic bull market
đĄTouch some grass
đĄFour-year cycles
đĄDCA (Dollar-Cost Averaging)
đĄHODL
đĄAccumulation phase
đĄBitcoin
đĄAltcoins
đĄProfit-taking
đĄYOLO (You Only Live Once)
đĄETFs (Exchange-Traded Funds)
đĄDue diligence
Highlights
Crypto enthusiasts are anticipating a 5x or 10x opportunity in the market.
The importance of taking a break and 'touching grass' amidst the crypto hustle.
Cryptocurrency is gaining mainstream attention with politicians and financial institutions discussing it more openly.
The upcoming crypto conference in Austin, Texas, indicates growing interest and legitimacy in the space.
Cryptocurrency is here to stay, with various sectors acknowledging its permanence in the financial landscape.
Different strategies in crypto include investing in meme coins, exploring new tokens, or holding Bitcoin and Ethereum.
The cyclical nature of crypto markets, with four-year cycles being a significant pattern.
The recent consolidation period in crypto presents a 'buy the dip' opportunity for many altcoins.
Historically, there is still potential for a significant bull market in crypto, despite current market conditions.
The accumulation phase of the current bull market suggests that there is still room for growth.
The speaker's personal strategy includes DCA (Dollar-Cost Averaging) and HODL (Hold On for Dear Life).
Taking profits on the way up and reinvesting or cashing out is a recommended strategy.
The potential for Bitcoin to reach $100,000 or more is discussed, highlighting the optimism in the crypto community.
Opportunities beyond Bitcoin include Ethereum, Salana, and the emerging Kronos chain.
The importance of doing one's own research and not blindly following influencers in the crypto space.
The speaker emphasizes the need for risk management and profit-taking to ensure peace of mind.
The reminder to stay grounded and levelheaded in the volatile crypto market.
The speaker's personal anecdote of using crypto profits to eliminate car payments and invest in personal rewards.
Transcripts
I know that a lot of people in
cryptocurrency are waiting for a 5x a
10x opportunity and all of us that are
in the crypto space are waiting for that
parabolic bull market that everybody's
been talking about so much in crypto but
I want to remind you guys today about
something very very very important and
that is my friends
to touch some grass my friends you got
to touch some grass sometimes okay
because at the end of the day we are
here to make some money in crypto
there's no doubt about
it
but it's coming right I and and maybe
you know maybe it doesn't come as you
expect it right but there are fouryear
Cycles in crypto and and again you know
none of this is financial advice my
friends you will have victories you will
have losses you will have victories that
oh if only I had take profit then it
would have been a big victory but I
didn't and so now it's a loss right the
opposite will be true where you know you
didn't buy something and then it goes up
and oh I just missed it right and then
you buy the top um and then you'll have
plays that you execute perfectly right
and that's something that's not unique
to any one person that's something that
we've all been victim to at some point
in crypto right but today I just want to
remind you guys you know
it is
2024 you
have politicians talking about crypto
more so than they ever had
before um just next week we're actually
going to a crypto conference very
excited about that and and consensus in
Austin Texas you have a lot of people
talking about crypto in a way that they
never have before like congressmen
Senators banks financial
institutions presidential candidates so
many different people understand at this
point the cryptocurrency is here to stay
so whether you're yoloing it into a
Kronos meme coin or you're looking for
that next token on salana or on
Avalanche or on the base chain or you're
just hodling and dcing into Bitcoin and
crypto and ethereum and some of the
larger cap plays I want you guys to keep
this in mind welcome back to the crypto
report everybody I'm crypto Kip guys and
today the message is simply to touch
grass and and be patient if you've
looked at what we've seen in
crypto over the last decade over a
decade now Bitcoin came out in 2008
2009 I think it was
2009 there's only 21 million Bitcoin in
existence this thing took steam here we
are today again with all those different
things happening that I just mentioned
major financial institutions are in this
thing Bitcoin has a 1.2 trillion market
cap if you look at since 2009 you see
what the cycles and the cyclical nature
of crypto is we have these
Cycles they are based on the four you're
having and that is now complete over the
last 3 months we've had an excellent
consolidation period in
crypto in fact we had an awesome buy the
dip opportunity on many many altcoins
all of your favorite altcoins again
whether it's on Kronos whether it's on
salana whether it's Bitcoin related and
Stacks ecosystem like we've been talking
about a lot of beautiful discounts some
of those discounts are still in place
from their highs many of them in fact so
today I want to remind you guys history
has shown that we still got a lot of
bull market left technically and there's
a lot of people going out on the
internet showing this chart today we are
still in the accumulation phase of this
bow Market my
friends which means what which means
maybe you're running out of patience
maybe you're fear fear right now that oh
we're way ahead of schedule this bull
market has already run its course look
at what salana did Bitcoin already went
up quite a bit some people are fearful
that Bitcoin is not going to go above
100K and to me you know that doesn't
make sense because of all the events
that we see unfolding right now we look
at the history of Bitcoin and crypto so
today I just want to remind you guys
when you get that feeling of impatience
right and you are waiting for that
explosion that just isn't coming in
again Bitcoin over the last 3 months now
has just been cons consolidating from
$60,000 to $770,000 hasn't had that
parabolic breakout I just want to remind
you guys one message that I've been
saying repeatedly on this channel as my
tagline out has been DCA and hodal okay
DCA and hodal and we've also been
constantly reminding you guys to take
profit on the way up right some profit
whether that is profit into more
established coins whether that is profit
Into Cash whatever that is for you some
people have different strategies
there that is something not all of it
right but that is something that will
help you sleep at night recently from a
meme coin Mania that happened on Kronos
I was able to pay for two of my cars
right eliminate that monthly car payment
that I had that helps me sleep at night
but that was not a big enough stack of
profit that took out 85% of what I had
in crypto right it was a percentage of
my portfolio one which still kept me
still with a very nice B bag in
preparation for the bull market and so
it's easier to touch grass right it's
easier to sleep at night when you you
know don't YOLO every single move right
we're not going to go all in take profit
the next day sell it all get back in try
to time things right you could do that
right but today I just want to remind
you guys
that you know there's quite possibly a
lot more leg up in this bull market and
I know there's a lot of people that are
uneasy right now now does that mean guys
just cuz I'm coming out and saying these
thoughts to you that I don't think that
there's more downside and that I think
that there's just an explosion coming
around the corner no not necessarily
that's not the point today the point is
today is that whether we go down
tomorrow or up tomorrow I know that in
the next 6 to 12 months there are going
to be some incredible opportunities not
just with Bitcoin and Bitcoin still you
know 2x maybe 3 5x who knows we'll see
what Bitcoin does that would be pretty
big
a $200,000 Bitcoin is kind of my wow
that would be an epic price for Bitcoin
and anything past that is just a dream
but $100,000 seems very likely on the
table outside of Bitcoin we're looking
at opportunities like ethereum going up
still even though you know some people
get a little fuddy about ethereum with
the cost of fees and transactions on the
network ethereum ETFs are probably going
to be approved salana people are
rumoring salana ETFs that could be
coming around the corner the Kronos
chain right we talk about that a lot the
Kronos chain is only been around since
the peak of the bull market in 2021
hasn't even experienced the full steam
of a full-fledged bull market yet we are
just now starting to see some real life
out of that chain of in which there's
you know learning there's learning that
happens right for different communities
salana has had a long year of learning
with awesome upside and awesome
opportunities and Road bumps along the
way there's going to be new chains that
come up as competitors there's going to
be ones that go away forever good
example is teral Luna which was a big
chain and look at it now it's gone but
today guys I just want to remind you you
know we say DCA hodal we say do your own
research right we tell you guys when we
take profit we do it for a reason
because we do know that a bull Market's
coming we knew this opportunity was
ahead which is why we started this
channel in the bare Market two years ago
done over 3200 videos for you guys very
excited to go to this crypto conference
guys but it's easier to touch grass it's
easier to sleep at night when you are
making sure that you're managing your
risk properly and for each of you guys
that could be something different again
whether that's when you get a win taking
some profit and putting it in something
that you believe is more secure than
maybe that riskier asset than you were
in maybe you go and you eliminate a car
payment maybe you just eliminate a
credit card debt that you might have
maybe you go and you just buy yourself a
nice gift so you can feel good recently
I bought myself an automatic golf cart
Walker bag just because like again I
want to reap the reward of of My Success
right and I want everybody out there to
do the same but I also want to tell you
guys that it's not over yet and quite
frankly I believe that this is only the
beginning and so I'm probably going to
put that on the thumbnail so I haven't
created it yet but I'm going to in a
second here and that's what you're going
to see because I do think that this is
only the beginning but don't forget keep
yourself grounded keep yourself
levelheaded don't be afraid to take
profit continue to dig in do your
research guys don't just buy any old
thing you got to dig in on your own you
don't just follow a YouTuber or Twitter
influencer because you know you see them
make money because sometimes they are
making money sometimes they're not
making money one of my goals is to be
you know one of the most transparent
YouTubers out there and there's a lot of
great YouTubers out there guys there's a
lot of great Twitter influencers but at
the end of the day you are your best
asset okay and you must do your own due
diligence protect yourself keep yourself
levelheaded and occasionally
guys touch some grass that's all I got
on this one I'm crypto Kip this is the
crypto report smash a like subscribe to
the channel another video coming later
tonight as always guys don't forget to
DCA hodal and I'll see you in the next
one thanks everybody have a great night
catch you next time peace
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