Is This A “Normal” BULL MARKET?
Summary
TLDRThe video discusses the misconception that the bull market is over despite Bitcoin not reaching all-time highs in 140 days. It highlights the hypocrisy of Brazil's government in banning Twitter while officials use it with VPNs, and the absurdity of Ukraine shooting down its own F-16 with US-funded missiles. It challenges Elon Musk's view on government overspending and inflation, clarifying the Federal Reserve's role. The video also addresses the US's massive debt and unfunded liabilities, and concludes with a comparison of the current market situation to the 2020 bull trap, suggesting a potential parabolic move is imminent.
Takeaways
- 📉 The speaker argues against the notion that the bull market is over, suggesting that the current price action is normal and expected.
- 🇧🇷 Brazil has banned Twitter, yet some elected officials continue to use it via VPN, highlighting a discrepancy between law enforcement and compliance.
- 🔒 The speaker recommends a VPN service called molad, which allows crypto payments and doesn't require personal information.
- 🚀 Elon Musk's comment on America's fast lane to bankruptcy due to government overspending is discussed, with the speaker suggesting a misunderstanding of inflation dynamics.
- 💸 The Federal Reserve's role in creating inflation is emphasized, distinguishing it from the government's inability to print currency.
- 💵 The US has over $218 trillion in unfunded liabilities, a figure largely unaddressed by political candidates.
- 🔑 The concept of foreign policy is criticized as a form of government money laundering.
- ✈️ A misstep by Ukraine's military, where a US Patriot missile shot down their own F-16 jet, is mentioned to illustrate the misuse of taxpayer money.
- 📈 The speaker draws a comparison between the current market situation and the 2020 bull market, suggesting a potential upcoming parabolic move.
- 🌙 The importance of buying during market panic is highlighted, using the example of FTX's purchase at a low point as a strategy for profit.
Q & A
What is the speaker's opinion on the current state of the bull market?
-The speaker believes that the current state of the bull market is normal and expected, contrary to popular opinion that it might be over.
Why does the speaker mention Molad VPN?
-The speaker mentions Molad VPN as a recommendation for a good VPN service that accepts crypto payments without requiring personal information, which is beneficial for privacy.
What is the situation with Twitter in Brazil as described in the script?
-Brazil has banned Twitter, but some elected officials are still using it through VPNs despite Supreme Court orders, highlighting a discrepancy between law creation and enforcement.
What is the speaker's view on the possibility of Bitcoin being banned?
-The speaker is confident that Bitcoin cannot be banned and challenges the idea that any government could effectively enforce such a ban.
What incident involving Ukraine is mentioned in the script?
-The script mentions an incident where Ukraine reportedly shot down its own F-16 jet with a US Patriot missile, which the speaker finds absurd.
What does the speaker think about foreign policy and government spending?
-The speaker views foreign policy as a form of government money laundering and criticizes government overspending, which they believe leads to inflation.
How does the speaker relate the Federal Reserve to inflation?
-The speaker asserts that the unelected Federal Reserve is responsible for creating inflation, not the government, and that the government has no control over the Federal Reserve's actions.
What financial figures does the speaker mention about the US debt?
-The speaker mentions that the US has over $218 trillion in unfunded liabilities, in addition to a significant national debt, which is not often discussed by politicians.
What historical comparison does the speaker make regarding the cryptocurrency market?
-The speaker compares the current market situation to the summer of 2020, highlighting a similar pattern of a long period without new all-time highs followed by a significant price increase.
What does the speaker suggest about the best time to invest in the market?
-The speaker implies that the best time to invest is when others are panicking and selling, as this is often when the market is at its lowest before a potential rise.
Outlines
📉 Crypto Market Analysis and Current Events
The speaker begins by addressing the skepticism around the bull market in cryptocurrencies, arguing that the current price action is normal and expected. They mention that despite not reaching all-time highs in 140 days, this is not unusual. The speaker then segues into news from Brazil, where Twitter has been banned, but elected officials are reportedly using VPNs to bypass this ban. They recommend a VPN service called 'molad' that accepts crypto payments without requiring personal information. The discussion also touches on the hypocrisy of government officials in Brazil using Twitter despite the ban, drawing parallels to the potential inability of governments to enforce a Bitcoin ban due to its decentralized nature. The speaker also comments on a military mishap in Ukraine, where a US Patriot missile reportedly shot down a Ukrainian F-16, criticizing the use of taxpayer money. They express a general distrust of government and suggest that foreign policy is a form of government money laundering. The paragraph concludes with a critique of Elon Musk's comments on US bankruptcy due to overspending, clarifying that the Federal Reserve, not the government, is responsible for inflation and that the US has significant debt and unfunded liabilities.
🚀 Historical Crypto Market Patterns and Future Predictions
In the second paragraph, the speaker uses a historical perspective to analyze the current state of the crypto market. They reference a tweet by 'Immortal' that compares the market's current situation to the summer of 2020, when there was a 164-day range before a significant upward move. The speaker suggests that the market is following a similar pattern, with approximately 140 days having passed since the last peak. They express excitement about the potential for a similar parabolic move, indicating that they are not concerned about the market's temporary downturn. The speaker also discusses the historical performance of Bitcoin in September, noting that it has only risen three times in that month, hinting at a possible uptick this year. They recount a past opportunity when they advised buying Bitcoin at a low price, which was met with skepticism but turned out to be profitable. The paragraph ends with the speaker's enjoyment of the market's volatility and their advice to buy when others are selling out of fear.
Mindmap
Keywords
💡Bull Market
💡All-Time Highs
💡VPN
💡Bitcoin
💡Inflation
💡Federal Reserve
💡Unfunded Liabilities
💡Patriot Missile
💡Foreign Policy
💡Elon Musk
💡Cryptocurrency
Highlights
The bull market is not over despite not reaching all-time highs in 140 days.
Brazil has banned Twitter, but elected officials are using VPNs to continue tweeting.
Recommendation of a VPN service called molad that accepts crypto payments without KYC.
Brazil's president's party defies the Supreme Court's suspension orders on Twitter.
Governments struggle with enforcing laws they themselves do not follow, exemplified by Brazil's situation.
Bitcoin is unlikely to be banned due to its decentralized nature.
Ukraine mistakenly shot down its own F-16 jet with a US Patriot missile.
Critique of government spending and the concept of foreign policy as a form of money laundering.
Elon Musk's comment on America's fast lane to bankruptcy due to government overspending.
The Federal Reserve's role in creating inflation, distinct from the government's actions.
The US has over $218 trillion in unfunded liabilities, a point often overlooked in political discussions.
A historical comparison of the current market situation to the 164-day range before the 2020 parabolic move.
The importance of buying during market panics for potential profit.
A reminder that September historically has not been a strong month for Bitcoin's price.
Enjoyment in observing market panic as an opportunity for investment.
Reflection on past investment advice given during market dips, such as the FTX example.
Transcripts
you may be thinking that this bull
market is finished it's over with and I
see a lot of people thinking well maybe
it is over with because this is
completely not normal of what we're
seeing with a price action we haven't
even reached all-time highs since about
140 days ago so this is like really long
is it I I will I will prove to you that
that is a wrong way to think that this
is really normal and not just really
normal but to to be expected okay but
first I have some crazy news coming out
of Brazil you've all probably heard that
Brazil has banned Twitter interestingly
enough that there are Brazilian elected
officials that are defined supreme court
orders uh and they still use uh Twitter
with a VPN now if you want to go if you
want a really good VPN that I've been
using for a long time it is molad and
what you can do is you can pay in crypto
they don't ask you for any uh
information like email or any kyc
nothing it's really good that is
important if you're looking for a solid
VPN we don't get sponsored by them and
they don't even offer an affiliate code
we just care about you guys and
Brazilians go for it that's this is
great okay so now he this uh elected
official says in Brazil we do not have X
anymore since midn midnight I'm tweeting
this with a VPN interesting elected
elected officials saying this and then
you have Brazil's president Lula uh own
party continuing using X despite
suspension orders by Supreme Court this
is uh PT Brazil and uh on Twitter
they're actually tweeting right now
which is crazy you
know uh do as we say not as we do that's
government for you in a nutshell and
this is a perfect example of the
difference between uh creating a law and
enforcing a law I hear a lot of people
saying oh well they're going to ban
Bitcoin someday no they're not they're
not going to be able to ban Bitcoin good
luck I would love to see that go for it
moving on we have we are off to Ukraine
right now they shot down its own F-16
jet with us with a US Patriot missile so
pretty much they're getting money to
fund these missiles and they're and
they're shooting down the uh 16 which is
kind of crazy you know it's like this is
what your taxpayer money is going for
and it is just absurd in my opinion um
that's why you know Heidi and I try our
best not to ever fund government because
it's all a big scam anyways moving on
it's all for by the way foreign policy
if you don't know what that is I keep
saying this over and over again foreign
policy is government money laundering
that's all it is it's all money
laundering okay moving on to X all right
so Elon Musk says say America is in the
fast lane to B bankruptcy due to
government overspending which causes
inflation well first off it's pretty
much bankrupt I mean if it couldn't
print its own currency it would be be
completely bankrupt and second of all I
don't think people understand I don't
think Elon Musk actually understands
that how inflation works I think he does
I don't think he wants to mention the
Federal Reserve because that's GNA open
a whole lot of craziness all right but
first off you know if you know if you've
been watching me for a while now you
will know that the Federal Reserve the
unelected private Federal Reserve is the
one that creates inflation your
government does not create inflation
okay just get that straight okay the
unelected Federal Reserve can print and
your government can't print okay it
doesn't have any say of what the Federal
Reserve does um okay and it also doesn't
set interest rates does it nope
okay moving on we have $35 trillion in
debt we are way above that now and sorry
I should say the US is way above that
down and it's also 200 it's over $218
trillion dollar of unfunded
liabilities and nobody even talks about
that have you noticed none of the
candidates actually talk about unfunded
liabilities why is that they don't want
you to know what those those are that's
like Medicare Social Security and so on
this country is in so much debt it's it
is the most indebted country in the
history of the world by far okay moving
on lastly we have uh this tweet from
Immortal I really like this tweet I've
actually saved this tweet I'm probably
going to go back to this tweet as well
uh he says this is what the summer of
2020 looks like or looked like a
giant 164 day range a superb bear trap
before the parabolic move this time is
no different I freaking love that
because he shows you look at this graph
right here you understand that this is
what we experienced back in
2020 164 days we are about 140 days
right now so we we have you know
probably another month or so what if we
do who cares if September you know
September as I covered a prior video
that September is in in all of crypto
history Bitcoin has only risen three
times in September so this is going to
be the fourth time who knows actually I
don't give a crap because I'm actually
really enjoying watching people panic
because this is how you make money when
people sell when people are miserable
it's darkest before the dawn guys with
crypto and like like what happened with
FTX when we had bought him at FD on FDX
at
$15,500 Bitcoin people thought it was
going to 9,000 8,000 imagine the
opportunity that you would have lost if
you listen to these people that said we
were going to $10,000 whereas if we were
following us you know darn well we were
buying and we got a lot of flack for
that but you know what I love it I love
it when people hate what I say because
sometimes the truth is hard to swallow
anyways that's all I have please like
And subscribe talk to you guys soon
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