🚨 BTC & ETH: OH NO......
Summary
TLDRThe speaker discusses their busy schedule with the Event Horizon project, which has over 100,000 users, and their return to LA. They highlight a 42% discount on trading commissions for high-volume traders and a $30,000 deposit bonus. The speaker emphasizes the importance of understanding market shifts, pointing to 63 banks on the brink of collapse and a significant increase in Bitcoin held by global ETFs. They advocate for crypto investment as a hedge against inflation and encourage joining the Event Horizon community for future financial opportunities.
Takeaways
- 📈 The speaker is busy with the Event Horizon Galley, which has over 100,000 users, and is back in LA, expressing love for the city.
- 🚀 The speaker's trade is currently at $236,000, down from nearly $400,000 in profits, suggesting market volatility.
- 💻 The speaker is offering a 42% discount on trading commissions for users trading over $100,000, through a link in the video description.
- 🎖 The Event Horizon has over 100,000 users and is offering second V2 badges, emphasizing the importance of being an early adopter.
- 🏦 The FDIC has identified 63 banks on the brink of collapse, with realized losses on investment securities for banks jumping to $500 billion in Q1.
- 💼 Institutions and large players are shifting towards Bitcoin, with global spot Bitcoin ETFs holding over 5% of the total Bitcoin supply.
- 🌐 The speaker is building the Event Horizon as a decentralized exchange (DEX) controlled by the people, in response to the traditional financial system's decline.
- 📊 The speaker provides technical analysis for Bitcoin and Ethereum, discussing current support and resistance levels and potential price movements.
- 🔄 The speaker suggests that Bitcoin could be the asset to outperform inflation, as traditional systems may resort to money printing to save collapsing banks.
- 🤑 The speaker is heavily invested in crypto, recommending at least a portion of one's portfolio be in crypto to hedge against inflation.
- 🔗 The speaker encourages viewers to check out the Event Horizon and use the provided link for bonuses and giveaways.
Q & A
What is the main topic discussed in the video?
-The main topic discussed in the video is the current state of the cryptocurrency market, with a focus on the Event Horizon project and the speaker's personal trading experience.
What is the Event Horizon project mentioned in the video?
-The Event Horizon project is a decentralized exchange (DEX) initiative that aims to be controlled by the people for the people, offering various bonuses and giveaways to its users.
Why has the speaker been taking breaks from making videos?
-The speaker has been taking breaks from making videos due to being very busy with the Event Horizon project, which has grown to over 100,000 users.
What is the current status of the speaker's trade?
-The speaker's trade is currently sitting at around $236,000, having experienced a decrease from nearly $400,000 in profits.
What bonuses can users claim through the speaker's link in the video description?
-Users can claim up to $30,000 in initial deposit bonuses and other giveaways through the speaker's link in the video description.
What special discount is offered for users who trade with more than $100,000?
-Users who trade with more than $100,000 can get a 42% discount on trading commissions through the speaker's link.
What is the significance of the FDIC identifying 63 banks on the brink of collapse?
-The identification of 63 banks on the brink of collapse by the FDIC indicates a worsening financial situation in the traditional banking system, which may influence institutional investment strategies.
How much Bitcoin do global spot Bitcoin ETFs hold, and what does this represent?
-Global spot Bitcoin ETFs hold over 70 billion dollars in Bitcoin, which represents about 5% of the total Bitcoin supply, indicating a significant institutional shift towards cryptocurrency.
What is the speaker's stance on investment in cryptocurrency compared to traditional assets?
-The speaker is heavily invested in cryptocurrency, suggesting that it is the only asset that will outperform inflation and is transitioning away from traditional assets due to the current financial instability.
What technical aspects of the Bitcoin market does the speaker discuss?
-The speaker discusses the current support and resistance levels for Bitcoin, the potential for a breakout to $80,000, and the possibility of a drop to $64,000 or $57,000 if the current support is breached.
What advice does the speaker give regarding risk management in cryptocurrency investments?
-The speaker advises to be prepared for the best but also to be ready for the worst, suggesting a balanced approach to investing in cryptocurrency, such as having at least 20% of one's portfolio in crypto.
Outlines
🚀 Return to Content and Event Horizon Update
The speaker returns to video creation after a busy period with the Event Horizon Galley, which now has over 100,000 users. They are back in LA and express their love for the city. Despite the busy schedule, they highlight two crucial points to address. The first is the current state of their trade, which has seen a significant drop from nearly $400,000 in profits to around $236,000, amidst a red market. They hint at discussing technical analysis (TA) later in the video but emphasize the importance of two key data points for understanding market movements and maintaining composure. They also mention a link in the video description that offers viewers a 42% discount on trading commissions for high-volume traders, as well as up to $30,000 in initial deposit bonuses and giveaways.
📉 Market Analysis and Transition to Crypto
The speaker delves into the current state of the financial markets, pointing out that 63 banks are on the verge of collapse according to the FDIC, with a significant increase in realized losses on investment securities. They contrast this with the growing interest from institutions and large players in Bitcoin, as evidenced by the substantial holdings of global spot Bitcoin ETFs, which now account for 5% of the total Bitcoin supply. The speaker advocates for a shift away from traditional fiat systems towards cryptocurrencies, suggesting that Bitcoin is the asset most likely to outperform inflation. They discuss their personal investment strategy, being heavily invested in crypto, and encourage viewers to consider a significant crypto allocation in their portfolios. The speaker also provides technical analysis, focusing on support and resistance levels for Bitcoin and Ethereum, and suggests potential price movements based on these levels. They conclude by urging viewers to stay informed and to check out the Event Horizon for further insights.
Mindmap
Keywords
💡Event Horizon
💡Trading Commissions
💡Bitcoin
💡FDIC
💡Inflation
💡Technicals
💡Support and Resistance
💡Funding Rate
💡Liquidity
💡DEX
💡Achievement Badges
Highlights
The speaker has been taking breaks from making videos due to being busy with the Event Horizon project, which has over 100,000 users.
A special offer is available for viewers, including up to $30,000 in initial deposit bonuses and a 42% discount on trading commissions for 'whale' traders over $100,000.
The FDIC has identified 63 banks on the brink of collapse, with realized losses on investment securities for banks jumping to $500 billion in Q1.
Global spot Bitcoin ETFs hold over $70 billion in Bitcoin, which is 5% of the total Bitcoin supply, indicating a significant shift by institutions towards cryptocurrency.
The speaker emphasizes the importance of being part of the Event Horizon community, suggesting it will be a key player in the future of decentralized finance.
The speaker discusses the current state of their trade, which has seen a significant drop from nearly $400,000 in profits to $236,000.
A call to action for viewers to claim bonuses and participate in giveaways, using a link provided in the video description.
The speaker predicts a potential market downturn, suggesting a consolidation followed by a drop before a final pump in cryptocurrency prices.
Technical analysis of the current support and resistance levels for Bitcoin and Ethereum, with a focus on potential breakout points.
The speaker's personal investment strategy, being 95% invested in crypto and fully committed to the Event Horizon project.
A warning about the potential for banks to collapse and the subsequent inflation due to money printing, advising viewers to consider cryptocurrency as a hedge.
The importance of zooming out on market charts to evaluate the overall situation and adjust to market conditions.
The speaker's relocation back to LA and their enthusiasm for the city, potentially indicating a positive outlook on the market.
A reminder to viewers to check out the Event Horizon and the bonuses available in the video description for further insights.
A closing message encouraging viewers to stay smart, stay rich, and to look forward to the next video.
Transcripts
hello everyone I don't know if it is a
good morning a good afternoon or not but
there is two things I got to mention in
this video uh I've been taking some
breaks from making videos is because I'm
so busy with the Event Horizon Gally we
have more than 100,000 users so I'm very
busy with the team Etc and I'm back in
La so if you're from La hello to La so
I'm back in La absolutely love La one of
my favorite cities so really busy with
the Event Horizon but nonetheless
there's two things that I want to
mention I want to show you guys that you
cannot you literally cannot not know
this so this is something that is going
to actually help you out because I know
that the markets are turning a bit red
right now and this is basically what it
looks like in terms of our trade as well
so my trade is currently sitting at like
236,000 when it was almost $400,000 in
profits and you know should we really
worry about this so I think I'm going to
leave ta for the end of the video but
initially I want to show you something
absolutely different something there is
only two pieces of data you need to see
to understand what is happening and to
actually stay cool in my opinion so um
first and foremost as you can see right
here I'm actually trading overun bu bit
and I have quite a bit of money overrun
by a bit and with my excl link down
description of this video uh you can
claim uh the regular bonuses that
actually are in my opinion quite
important you can claim up to
$30,000 initial deposit bonuses but out
out out side of this and I mean
certainly $30,000 initial deposit
bonuses is NI all and if you use my link
down description this video you will see
the list of stuff you can get 30k
deposit bonus and different giveaways
and stuff so all of this is great but
what is more important is that right now
with my link you can get a 42% discount
on trading commissions if you're a whale
if you trade with more than $100,000 so
you can use my link down description
this video sign up and you will get a
42% discount on trading feas if you
trade with more than
$100,000 which in my opinion is a great
deal especially if you trade actively
you will save yourself a lot of money so
anyway getting to the topic of what is
these two things that you need to know
and certainly I mean one of the most
important is the Event Horizon and right
now actually uh the second V2 badges are
all also almost gone so we have right
now more than 100,000 users
In the Event Horizon which is pretty
epic I'm going to leave a link to it
down in the description this video as
well as in the pin comment it is a place
you want to be if you're not an early
adopter of div Horizon the pho won't
just as I say it won't just be there
it's going to be painful
but you'll see anyway uh because the
next season of tasks is coming up is
well it's going to be freaking amazing
so anyway first thing I want you to see
right now because when you look at the
chart yeah sure it is a little bit
painful to look at at it it is not
moving it is we're going to move we're
going to come back to the short you know
the Bitcoin looks like this ethereum
looks like it wants to crash lower you
know and as I was painting the picture
before so we probably will consolidate a
bit and then go down a little bit and
then actual the final pump so you know
you might be looking at the chart
especially the people who do not know
how to zoom out how to take a step back
how to look at the situation how to
evaluate it and adjust the market
conditions here is two things to help
you do that
here is number one and that is this and
actually I think I'm going to just move
to the computer screen from here so it's
going to be easier for you guys to see
so the first thing is that the FDIC has
identified 63 banks that are on the
brink of collapse and realized losses on
investment Securities for banks jumped
to 500 billion in q1 this is 39 billion
higher than the 478 billion recorded um
in Q4 2023 so look at this for the
thanks for the traditional Fiat garbage
Colonial system it is actually getting
worse by the day and we're not even back
to money printing yet so this is looking
very painful and now what do the big
players do what do the institutions do
what do penion funds Etc all these big
players what do they do that's what they
do right here Global spot Bitcoin ETFs
now hold over
70 billion doll in Bitcoin and that's a
whopping 5% of the total Bitcoin Supply
this right here is what you need to
understand this is just a drastic shift
from one to the other from one to the
other by the institutions by the Black
Rock by the Fidelity that's why we're
building the Event Horizon is going to
be one of the biggest dexas Elder
controlled by the people for the people
that's why you have to have those
achievement badges so that you
actually have this right down the road
to steer that ship because this is where
we are going we're going away from the
traditional Fiat Colonial garbage system
we're going to the new system it might
take a year it might take 2 3 years
depending on how fast this one is going
to be crumbling because as you can see
it is slowly steadily bid by bit and
step by step so seeing this and that the
you know the owners for this world and
all these conglomerates and corporations
and asset managers they are actually
moving to bitcoin if you are still
sleeping on it and if you're still
worried that oh you know what if Bitcoin
goes to whatever zero there's always a
chance there's always that 1% chance
that's this count yeah sure that's why
I'm saying I'm 95% invested in crypto
and now with the Event Horizon I'm
probably 100% invested in crypto at this
point so I'm a DJ I'm trying to build
Solutions in this space I I try to make
a ton of money if that's not the
type of risk you want to entail you can
have at least you know half of your
portfolio in crypto I don't know 20 %
something CU going to be the with this
what we're seeing right now this the
only asset that will outperform the
inflation is around the corner because
they will print money to save these
Banks and these banks will be collapsing
so it is
so I don't want to be on that
Old Ship so that's why I'm transitioning
to the new one and I'm building one of
my own so that people can jump on it and
actually steer it together with us down
the road which is the event ride and
this brings me to the technicals so this
is something that you have to see in
terms of the current support and
resistance on what we can expect and
cannot expect from The Price is very
simple let me show you uh we'll move to
the computer screen yet again and for
now in terms of ethereum certainly yeah
I mean it can look a bit painful that
our profit is not as huge as it was and
the funding rate is just keeps killing
us a little bit but this is like there
is not much volume so I think that this
current drawing which is pretty
ridiculous but I think it's actually
going to stand but when it comes to
bitcoin it's much more important and for
Bitcoin right now we're standing at this
very resistance right here and our
current support year is this line this
red line that used to be our resistance
then it became our support then it
became our resistance and now it is our
support again so what I really want to
see I want to see this breakout happen
right here with some volume which would
put the target for Bitcoin the next leg
up to like $80,000 or so so this would
be an absolutely amazing amazing
breakout to the upside however once
again you know always prepare uh you
know be ready for the best and excited
for the best but be prepared for the
worst so in case if we do get rejected
from here which is possible there isn't
going to be much volume and we can
actually you know drop below and close
below this support right here this could
open the road to First 64,000 then
possibly
57,000 just to continue this kind of
consolidation inside here then to just
break out later closer to the election
very very possible so something that I
also want you to keep an eye out in
terms of technicalities because right
now the matter of liquidity the summer
the liquidity is quite low retail still
is in there we're really waiting for the
Catalyst but this is something I would
be personally paying attention to him so
show technicalities and to find yourself
uh knowing what to expect guys check out
the Event Horizon I'm going to link a
video right here check it out and as
always check out all the bone buit bonus
down description this video and as
always peace and love time craw stay
Smart Stay exceptionally rich and I'll
see you next video bye-bye
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