🚨Krypto: JETZT KRACHTS KOMPLETT! UND ICH HABE ZUGESCHLAGEN!

Summary

In this video, the speaker discusses the current state of the cryptocurrency market, reflecting on the dramatic price drops of Bitcoin, Ethereum, and other altcoins. Highlighting the massive losses in the market, including a nearly $2 trillion market cap drop, the speaker shares their personal strategy of buying during these lows despite the widespread pessimism. They also address the ongoing fear and negative sentiment, emphasizing the importance of timing and market psychology. The speaker expresses confidence in a potential bounce-back and outlines their buying strategy for Bitcoin, Ethereum, and select altcoins.

Takeaways

• 😀 Bitcoin has experienced one of its biggest red daily candles in history, with a drop of $38,000 in just three weeks.
• 📉 The entire cryptocurrency market has lost nearly $2 trillion since its all-time high, and there was a recent additional loss of $350 billion.
• 💥 Altcoins, including Ethereum and Solana, have also seen significant declines. Solana has dropped below $70.
• ⚡ Despite the downturn, the speaker has started buying Bitcoin and Ethereum, although they are unsure if the current low is the final bottom.
• 📉 The speaker recalls the 'max pain' moment from previous market cycles when sentiment was extremely negative, predicting a similar situation now.
• 😱 A current world-ending sentiment is prevalent, with many saying Bitcoin will never reach its all-time high again and crypto is dead.
• 💥 The speaker believes this extreme fear, similar to the 2017 and 2020 cycles, could be an indicator of a potential bounceback.
• 💹 There has been a 50% correction in Bitcoin, and the speaker is targeting specific Fibonacci levels for buying more positions at various price points.
• 🏦 The speaker continues to buy altcoins, like Ethereum, Solana, XRP, and others, as long as they drop to their target price levels.
• 💰 The focus is on making profits from altcoins, regardless of whether they change the world or get integrated into banking systems.
• 📉 The overall sentiment is currently extremely low, as seen with the Fear and Greed Index at its lowest point, signaling that a rebound is highly probable.

Q & A

What is the current state of the cryptocurrency market according to the transcript?

The cryptocurrency market is in a deep downtrend, with significant losses. Bitcoin saw its largest red daily candle ever, losing around $38,000 over the course of three weeks. The market has experienced a total loss of nearly $2 trillion since the all-time high, and other coins like Ethereum and Solana have also faced significant declines.

What does the speaker mean by 'Max Pain Moment'?

The 'Max Pain Moment' refers to a period of extreme pessimism and market lows where many investors feel that things cannot get worse. The speaker compares the current market sentiment to the last 'Max Pain Moment' during a previous market downturn, where Bitcoin seemed to reach its lowest point before rebounding.

Why is the speaker not sure if the current Bitcoin price represents the bottom?

The speaker acknowledges that they cannot predict with certainty whether the current low is the bottom or if Bitcoin could still fall further to levels like $50K, $40K, or even $30K. They emphasize that while they are buying Bitcoin, they cannot guarantee that the market has bottomed out.

How does the speaker compare the current market correction to previous cycles?

The speaker notes that previous market cycles saw even larger percentage drops. For example, in the 2017 cycle, Bitcoin dropped by 85%, and in the 2013 cycle, it fell by over 90%. This time, the correction is around 77%, which the speaker suggests could be an indicator that the market may not fall as drastically as before.

What is the speaker's strategy for buying during market lows?

The speaker has started buying Bitcoin and Ethereum at the current lows and plans to buy more if prices continue to fall. They are using Fibonacci levels to guide their buying decisions, targeting specific price points like $44,000 for Bitcoin and around $1,950 for Ethereum.

Why does the speaker say they are not worried about whether or not old coins like Solana or XRP will succeed long term?

The speaker is not focused on the long-term potential of specific old coins like Solana or XRP. Instead, their strategy is based on short-term price movements and making profits from the volatility. They are interested in these coins only if they provide opportunities for profitable trades at lower prices.

What does the speaker mean by the 'Fear and Greed Index' and its current value?

The Fear and Greed Index is a tool used to measure the overall sentiment in the market, ranging from extreme fear to extreme greed. The speaker highlights that the index is at an extreme low of 5, suggesting that the market is in a state of maximum fear, which historically could signal a potential bounce or recovery.

What is the speaker’s view on Ethereum's current price?

The speaker believes Ethereum's price is now within a range that makes it worthwhile to buy. They mention that Ethereum at $3,000 or more was too expensive, but at current levels, it is a good opportunity to accumulate. The speaker has started buying Ethereum again after not purchasing it for the past two and a half years.

What are the speaker’s future expectations for old coins like Solana, XRP, and others?

The speaker expects that coins like Solana and XRP could fall further, and if they do, they will buy them at lower prices. They are looking for these old coins to drop to specific price levels, like Solana under $30 or XRP under $1, before they will consider purchasing them.

What external factors does the speaker think could be affecting the market downturn?

The speaker speculates that there may be broader factors affecting the downturn, not just the cryptocurrency market. They mention traditional assets like the S&P 500, silver, and gold also experiencing declines. The speaker suggests that there may be something happening in the background that has yet to be fully revealed, similar to the surprise of the Russia-Ukraine conflict affecting the markets in 2021.