Bitcoin will PUMP but first we see “the death of crypto” (it’ll be sweet)

Summary

In this insightful video, the host discusses the current state of the cryptocurrency market, particularly Bitcoin, amidst fluctuating traditional markets. Despite the recent downturn, the host remains optimistic about Bitcoin's future, suggesting a potential boom is on the horizon. The video also touches on the 'death of crypto' cycles, where cryptocurrencies experience significant drops in value, presenting opportunities for savvy investors. The host advises viewers to be patient, follow objective data, and choose the right cryptocurrencies to invest in. The discussion also covers the impact of the election cycle on the market and the importance of understanding macroeconomic trends to make informed investment decisions.

Takeaways

• 📈 The speaker anticipates a boom for Bitcoin but first discusses the potential 'death of cryptocurrency', suggesting a temporary downturn or loss of interest.
• 🎬 The channel's viewership has dropped during a quiet market period, but engagement remains decent, and the speaker appreciates the support from the audience.
• 🔄 Traditional markets like S&P 500, NASDAQ, and Dow Jones have seen some recovery, but it's uncertain if this marks the bottom of the market correction.
• 🤔 The speaker is cautious about declaring the current market state as the low point, emphasizing the importance of working with probabilities.
• 🚦 Seasonality suggests a potential trading range lasting a few months, with a possible downturn leading into the election period.
• 💵 The speaker discusses the potential for increased government spending to bolster the economy before the election, which could impact market trends.
• 📉 If traditional markets lose investor interest, Bitcoin and cryptocurrencies may also experience a downturn, with trading volumes being a key indicator to watch.
• 🤷‍♂️ The speaker advises patience and reliance on objective data over emotional hype, especially for medium-term investors.
• 📌 Key price points for Bitcoin are identified, such as 59k, 56k, and 53k, which are important levels to monitor for potential market movements.
• 💡 The speaker suggests that now might be a good time to consider entering the cryptocurrency market, especially for those looking for potential bottoming patterns.
• 📊 The speaker highlights sectors like AI and smart contracts as areas of interest within the cryptocurrency market, despite the overall market's potential downturn.
• 🌊 The speaker enjoys being on location and encourages viewers to like and share the content to help the channel grow.

Q & A

What is the current location mentioned in the transcript?

The current location mentioned is the Gold Coast, specifically Bly Beach.

What is the speaker's view on the current state of the cryptocurrency market?

The speaker suggests that the cryptocurrency market is experiencing a downturn, with a lack of strong rebound and trading volume.

What does the speaker predict could happen to Bitcoin and cryptocurrencies if traditional markets lose interest?

The speaker predicts that if traditional markets lose interest, Bitcoin and cryptocurrencies could also lose interest and potentially see a downturn.

What is the significance of the trading volume in the context of the speaker's analysis?

The trading volume is significant because it indicates the level of retail investor activity. A lack of volume suggests less interest and potential for a market downturn.

What does the speaker suggest about the potential top or pause in the market based on past metrics?

The speaker suggests that past metrics indicated a potential top or pause in the market, which was not popular at the time but is now being revisited.

What is the speaker's stance on the importance of patience and objective data in market analysis?

The speaker emphasizes the importance of patience and relying on objective data rather than getting swayed by emotions or market hype.

What is the speaker's view on the impact of the upcoming election on the market?

The speaker believes that markets typically die off leading into an election and then pump afterwards, suggesting that there might be a strategic effort to avoid a recession during the election year.

What is the speaker's analysis of the potential for Bitcoin to boom later in the market cycle?

The speaker remains optimistic about Bitcoin's potential to boom later in the market cycle, despite a possible pause or downturn in the current period.

What are the key price points for Bitcoin mentioned by the speaker?

The key price points mentioned are 69k and 71k, where Bitcoin has previously been rejected.

What sectors within the cryptocurrency market does the speaker find promising?

The speaker finds AI and gaming sectors promising, although they note that the talk about gaming might be louder than the actual market performance.

What is the 'death of crypto' mentioned by the speaker and how does it relate to market cycles?

The 'death of crypto' refers to significant downturns or crashes in the cryptocurrency market, which the speaker suggests are cyclical and can present opportunities for investors who choose the right cryptocurrencies.

Outlines

00:00

📈 Bitcoin's Future and Crypto Market Dynamics

The first paragraph introduces the setting and the topic of the video, which is Bitcoin and the cryptocurrency market. The speaker acknowledges the fluctuating nature of the Gold Coast weather as a metaphor for the unpredictable market conditions. They discuss the potential boom in Bitcoin's value, while also addressing the concept of the 'death of cryptocurrency,' which seems to be a temporary downturn in the market. The speaker appreciates the audience's support despite a drop in views, which they attribute to the quiet and boring market phase. A recap of the traditional markets is provided, noting that major indices like the S&P 500, NASDAQ, and Dow Jones have seen some recovery. The speaker is cautious about declaring a market bottom and emphasizes the importance of patience and objective data analysis. They also touch upon the potential impact of the upcoming election on the market, suggesting that markets may experience a downturn leading into it, with a subsequent rebound post-election.

05:00

🔍 Analyzing Cryptocurrency Cycles and Investment Opportunities

The second paragraph delves into the specifics of cryptocurrency cycles and investment strategies. The speaker suggests that Bitcoin's recent price action indicates a cooling-off period, which could present further opportunities for investors looking to enter the market. They discuss the importance of identifying strong versus weak cryptocurrencies, hinting at previous videos where they elaborated on this topic. The speaker also talks about key price points for Bitcoin and strategies for entering the market, such as having a plan and being prepared for different scenarios. They mention past examples of the 'death of crypto,' where certain coins like Salana experienced significant drops in value, and suggest that this could be an opportunity for savvy investors to find undervalued assets. The speaker also highlights sectors they find promising, such as AI and gaming-related cryptocurrencies, while cautioning that the talk around gaming coins may not always reflect their actual performance in the market.

10:01

🌐 Smart Contracts and the Broader Cryptocurrency Market

In the third paragraph, the speaker focuses on smart contracts and the competitive landscape in the cryptocurrency space, particularly mentioning Ethereum and its rivals like Salana. They predict a potential downturn or 'death of crypto' due to the current market structure, the election year, and the possibility of changing interest rate policies. Despite these challenges, the speaker remains optimistic about the long-term potential of Bitcoin and the overall market, referencing an 18.6-year cycle that suggests further upside is possible. They encourage viewers to like the video to help the content reach a wider audience and express gratitude for the viewers' engagement. The speaker concludes by reiterating the importance of understanding market cycles and being prepared for various scenarios as an investor.

Keywords

💡Bitcoin

Bitcoin is a decentralized digital currency that operates on a peer-to-peer network, without the need for a central authority. In the video, it is discussed as a potential investment and is central to the theme of cryptocurrency market analysis. The speaker mentions Bitcoin's boom and its current market status, indicating its importance in the broader cryptocurrency market.

💡Cryptocurrency

Cryptocurrency refers to digital or virtual currencies that use cryptography for security and operate on a decentralized system, such as blockchain technology. The video discusses the 'death of cryptocurrency' as a cyclical phenomenon, suggesting periods of decline followed by recovery, which is a key theme in understanding market trends.

💡Volume

Volume in the context of financial markets refers to the number of shares, contracts, or cryptocurrencies that are traded during a given period of time. The speaker notes the lack of volume in cryptocurrency trading, which is indicative of market interest and is a significant factor in assessing the current state of the cryptocurrency market.

💡Market Correction

A market correction is a decline of at least 10% in the value of a stock, bond, or index and typically reflects a healthy reaction to a market that has become overvalued. The video discusses the possibility of a market correction in the context of traditional markets like the S&P 500 and NASDAQ, and how this could impact Bitcoin and other cryptocurrencies.

💡Seasonality

Seasonality in financial markets refers to patterns of price fluctuations that tend to recur at certain times of the year. The speaker mentions seasonality as a factor that influences market behavior, suggesting that certain periods may be prone to corrections or trading ranges, which is relevant for understanding market trends.

💡Election Impact

The election impact refers to the influence that political events, such as elections, can have on financial markets. The video discusses how the upcoming election could affect market sentiment and potentially lead to a market downturn before rebounding, which is a significant consideration for investors.

💡Federal Reserve (Fed)

The Federal Reserve, often referred to as the Fed, is the central banking system of the United States. It plays a critical role in setting monetary policy, including interest rates. The speaker speculates on the Fed's potential actions to manage economic conditions around the election, which could influence market trends and investor behavior.

💡Recession

A recession is a significant decline in economic activity that lasts more than a few months and is visible in real GDP, income, employment, industrial production, and wholesale-retail sales. The video discusses the potential for a recession and its impact on the chances of an incumbent president's re-election, which is a key narrative in understanding the broader economic context.

💡Smart Contracts

Smart contracts are self-executing contracts with the terms of the agreement written directly into lines of code. They allow for the automation of digital assets and transactions. The video mentions smart contracts in the context of blockchain technology and cryptocurrencies, indicating a sector of interest within the cryptocurrency market.

💡Altcoins

Altcoins are alternative cryptocurrencies to Bitcoin. They represent a wide range of digital currencies that are not Bitcoin. The speaker discusses altcoins in the context of their performance relative to Bitcoin and suggests that some may present investment opportunities, especially during market downturns.

💡Technical Analysis

Technical analysis is a method used by traders to evaluate securities and identify trading opportunities by analyzing statistical trends gathered from trading activity, such as price movement and volume. The video uses technical analysis to predict potential market movements and to identify key support and resistance levels for Bitcoin.

Highlights

Bitcoin may experience a boom, but there are concerns about the death of cryptocurrency.

Despite market quietness, the channel is seeing decent engagement with videos.

Traditional markets like S&P 500, NASDAQ, and Dow Jones are showing signs of recovery.

The possibility of a market bottom is being discussed, but more time is needed to confirm.

Bitcoin and crypto might lose interest if traditional markets die off.

Trading volume for retail investors in cryptocurrencies has not seen a strong rebound.

Seasonality suggests a potential trading range that could last a few months for the stock market.

The upcoming election could influence market behavior, with a potential market downturn leading into it.

There's a higher chance of President Biden's re-election if there's less feeling of recession.

The 18.6-year cycle suggests market patterns that repeat, which can be discussed closer to the election.

Bitcoin has had significant upward swings over the past seven months, with more potential moves expected.

Cryptocurrencies might see further declines, providing better entry opportunities for investors.

The importance of picking the right cryptocurrencies during market downturns is emphasized.

Previous cycles have shown significant drops in cryptocurrency values, like Salana's 90% fall in 2020.

AI and gaming sectors are highlighted as areas of interest within the cryptocurrency market.

Smart contracts and Ethereum competitors are seen as having potential in the next market move.

The macro environment and the 18.6-year cycle suggest further upside potential for Bitcoin.

The video emphasizes the importance of patience and following objective data over emotions in trading.

Transcripts

all right guys welcome back we're on

location again beautiful Gold Coast

Sunny one day and sunny the next uh Bly

Beach here we are let's dive into it the

update today Bitcoin will boom but first

the uh death of cryptocurrency hear me

out I've got some explanation to do of

course and I'll make this one relatively

quick because well there's a pretty

simple understanding to how this plays

out and I'm very much appreciate you

guys uh showing a lot of support to the

channel smashing up the like button even

when the views have dropped off with

this period of the market with how quiet

it is and boring and dying out it it

it's uh going through we're still seeing

pretty decent uh engagement with the

video so much appreciate it if you are

new to the Channel Make sure you do hit

the Subscribe button the guys down below

in the comments section will let you

know uh that they wish they found this

channel sooner all right enough of my

own trumpet toting here let's crack on

with it first quick recap of the

traditional markets just out in location

here S&P 500 NASDAQ Dow Jones all had

their second Green Day in some cases

they've had 2 days up and I think for

the the NASDAQ it was an inside day an

update what does that mean essentially

still need more time to decide whether

this is the bottom that the stock

markets have seen or if we've got a

little further to go either way they've

seen a single digit correction and and

the seasonality of this period had shown

that we were going to go through some

sort of Correction and potential trading

range that could last a few months what

does this mean for Bitcoin and

cryptocurrencies well if these markets

die off essentially the investor hype

loses some interest you expect Bitcoin

and crypto to also lose some sort of

Interest we haven't seen the really

strong rebound for Bitcoin and crypto

especially with their volume especially

with the trading volume as well so what

the retail investors uh where they would

be trading we haven't seen a lot of

volume pick up on those exchanges so

that's something that I definitely keep

an eye on uh in this period we typically

see the highest volume around the Peaks

it's exactly what we saw in March as

well and at the time we were looking at

a lot of metrics suggesting that that

was going to be uh potential top or Paws

uh it wasn't popular at the time so you

know if you weren't following then and

you um you know only seeing this now

great follow along uh we'll continue to

update you with stuff that I guess the

uh the old oaces don't want you to hear

or they just don't see any value in

telling you because well it doesn't do

anything for their bottom line they need

to be making money off clicks okay so

anyway traditional markets even if this

isn't the bottom it seems like we are

somewhere around that period I'm very

cautious of saying that it is the low or

it isn't low because at the end of the

day no one knows what what's going to

happen in the market we're just trying

to work off probabilities and hopefully

swing the probabilities in our favor and

so far we've been doing relatively well

with that and you know good things come

to those that have patience and that

continue to follow up on the objective

data rather than the uh subjective stuff

and getting hyped up with the emotions

so cycle and the seasonality suggests

that we could see that sort of late

quarter 2 or quarter 3 um until we get

closer towards the

election and in which case what we've

seen pretty pretty much most elections

as I pointed out on the channel is that

you'd see the market die off again

leading into the um election I was going

to say recession we know have one of

those and that's very important to

understand too after the election you'll

start to see markets pump so that would

be quarter 4 probably the you know

November December period right now

looking at recessions incumbent

presidents that have had a recession in

their Year have a 20% chance I mean I'm

trying to remember this all all off the

top of my head but it was a really low

probability of getting reelected and so

I think what's going to happen is you'll

probably see the fed and everyone else

do everything in their power you know

basically more spending to keep the

president in power that's essentially

what happens with this um you know with

the presidencies and the elections so

there's a much higher chance it was

roughly 78% or 80% chance that this the

current President Biden would get

reelected if there is no feeling of

recession or less feeling essentially of

recession now we had huge feelings of

recession in 2022 and 2023 so luckily

they didn't have the election then but

there's obviously less feeling of

recession now so it might be uh more in

their you know for for their interest to

be able to get reelected this time round

either case whoever side you're on I

don't care it doesn't matter they all do

the same thing over and over again

that's a story for another day when it

comes to um politics but essentially

it's the same nonsense over and over

again which is why the 18.6 year cycle

continues to repeat that might be

something that we can continue to talk

about as we get closer to the election

as per usual markets are up Cycles are

up bin will boom so we've got that out

of our way looking at what's what I

think anyway from my analysis is going

to happen for the the stock markets

whether we do go into this bit of a um

Tri sideways churn you know not reaching

new all-time highs which is really where

the retail Market gets super excited

about the market um which could lead

Bitcoin

to dying out as well we haven't seen the

volume come back we've seen the 67k get

met today it got rejected just slightly

we might see a little bit higher so we

got to you know keep our wits about us

there are targets to the upsid 69k is

next and 71k which is where it's been

rejected from before so super important

uh numbers to look at but for

cryptocurrencies the old death of crypto

typically what we've seen with each

cycle previously so we've got a couple

of Cycles to work from now but even so

you can see Cycles within cycles and

from these times if Bitcoin is to die

off you typically will see cryptos also

die off and they're dying off against

their Bitcoin value now you might

remember in the last couple videos said

now might not be a bad time to be

looking at dcing into cryptos I say that

because well do you want to be getting

into crypto when everyone else is

getting into it and they're all pumping

or do you want to be getting into them

when they're potentially trending around

some sort of bottoming pattern knowing

full well that they could go lower but

we have seen many cryptos down 60% from

their highs that's 60% in USD value and

60% in BTC value so when you compare

your alt against Bitcoin so I've I've

talked at length about finding a strong

versus your weak cryptocurrencies

subscribe to the channel hit that like

we are doing pretty well very well

actually trying to beat the YouTube

algorithm and the typical YouTube oaces

and warnings and watch this video now 24

hours to go cryptic candles uh you got

to get into it all that sort of jargon

right we're doing very well because you

guys are hitting the like and sharing it

with friends so that we can see this

type of content so what actionable stuff

can we take from this so Bitcoin is sort

of cooling off it's been up 6 months in

our swings seven green months that's

massive massive massive moves there's

still more to come I still think there's

a wave five to come a big move to the

upside but if we get the cooling off

then we can potentially see cryptos down

further uh more great uh entry

opportunities but you've got to pick the

right ones you've got to be getting into

the right ones and of course as I've

said I looked at the strong versus the

weak in the last couple of videos so

I'll leave a link to those at the end of

this so that you can follow along there

um that uh those price points for

Bitcoin the breakdown of 59 is obviously

a key level the pre the levels below

that roughly 56 and 53k does it get

there who knows right but as long as

you've got on your plan there is a

possibility of that then you know what

to do um get in a little bit where you

feel comfortable and then have some

backup if it goes lower then if it

doesn't go lower you've got that backup

to enter on confirmation of the uptrend

that is the beauty about being a Trader

and a you know medium-term investor

you've got opportunity no matter what

you don't have to worry about it the

biggest thing is you don't get these

opportunities um so often say for

cryptocurrencies so choose the right

ones you've always got an opportunity

something's going to pop up just make

sure you get into the right one so we've

talked about that plenty of times so the

death of crypto previous cycle for

example 2020 uh salana as an example we

saw salana fall 90% in usdt value USD

and in Bitcoin value through the second

half of 2020 this is what the death of

crypto looks like 2023 we saw the death

of crypto through the the low in June

and then to the low in September there

was also a quick dump in March which was

the old banking crisis so there's plenty

of potential deaths in crypto coming up

this is all the death in crypto is it's

where I said you know hear it out you'll

see it over and over again if there is

multiple days down then you're going to

see uh

multiple uh videos of um the the

possibility of collapse right so that is

something else to look out for in that

period though most people think that

it's over and that we're not coming back

from this particular drop many cryptos

won't a couple of narratives couple of

sectors that I like obviously AI I think

that one there has to stick around mean

coins it has pumped but they're still

holding it relatively strong and I'll

get into those when I go back into the

charts but I just love being out on

location here sound of the Waves

beautiful right mean

coins what I'm noticing with gaming

there are some that are going but it

seems like the talk is louder than the

walk when you especially look at uh uh

YouTube and and on X the talk about

gaming going up seems way louder than

what is actually going on with the price

on the charts and then the strength on

the charts correct me if I'm wrong put

your favorite gaming tokens down that's

absolutely fine put it down in the

comment section all good right um so

that's three different areas and the

fourth one of course would be smart

contracts a lot of things trying to take

on ethereum which isn't showing great

strength obviously salana doing very

very well there look at some of the

stronger narratives leading into the

next move there will be I think anyway a

death of crypto because of where we

currently sit structurally for BTC for

many of these other cryptos and where we

are in the election year and of course

where the stock markets are because

they're starting to get their heads

around the possibility of no interest

rate Cuts pausing of interest rates and

a potential interest rate increase

something that we've talked about before

so I won't toot my own horn again as

some of you guys have been pointing out

but essentially you know I covered that

over 3 months ago now the mainstream's

only just catching up to that on top of

that there's is still a loosening going

on out there there is still loosening

and while loosening is going on

basically more money coming out not

necessarily printing but ease of access

to money that's what loosening is also

you're still going to see markets

eventually go up so so keep that in the

backs of our mind even during this

period of any sort of Correction here

even if Bitcoin drops back down ER there

is still a lot going on in the macro

that should suggest we'll see further

upside the 18.6 year cycle still got a

ways to go and of course I think anyway

bitcoin's got a pretty good chance of

doing some big things later in this

cycle even if we get this this pause

over this period now hit the like button

we are smashing the algorithm which

essentially is the YouTube audience

because they want to see o faces they

want to see warnings and breakings and

all this thanks again guys I hope

you've enjoyed being out here on

location looking at the uh the beautiful

surf here of Bly and I'll see you guys

back here at the next video thanks again

guys take care peace out