Is This A “Normal” BULL MARKET?

Crypto Tips

1 Sept 202406:38

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

00:00

📉 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.

05:01

🚀 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

A bull market is a financial market in which prices are rising or are expected to rise, typically characterized by investor optimism and buying activity. In the script, the speaker discusses the current state of the market and counters the notion that the bull market is over, asserting that the current price action is normal and expected within the context of a bull market.

💡All-Time Highs

All-time highs refer to the highest prices or values that an asset, such as stocks or cryptocurrencies, has ever reached. The script mentions that the market hasn't reached all-time highs in about 140 days, which the speaker uses to argue against the idea that the bull market is over.

💡VPN

A Virtual Private Network (VPN) is a service that allows users to send and receive data while maintaining anonymity and privacy by creating a secure connection over the internet. The script discusses the use of VPNs in Brazil, where certain officials continue to use Twitter despite a ban, highlighting the tension between government regulations and individual freedom.

💡Bitcoin

Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer Bitcoin network without the need for intermediaries. The speaker in the script argues that Bitcoin cannot be banned due to its decentralized nature, emphasizing the contrast between government control and the autonomy of cryptocurrencies.

💡Inflation

Inflation is the rate at which the general level of prices for goods and services is rising, and subsequently, the purchasing power of currency is falling. The script touches on the topic of inflation, suggesting that it is caused by the actions of the Federal Reserve, which can print money, rather than the government itself.

💡Federal Reserve

The Federal Reserve, often referred to as the Fed, is the central banking system of the United States. It is responsible for implementing monetary policy, supervising and regulating banks, and maintaining the stability of the financial system. The script implies that the Fed's ability to print money is a significant factor in inflation.

💡Unfunded Liabilities

Unfunded liabilities refer to the long-term obligations of a government or company that are not backed by sufficient assets to meet those obligations. In the script, the speaker points out that the US has over $218 trillion in unfunded liabilities, such as Medicare and Social Security, which are not often discussed by politicians.

💡Patriot Missile

The Patriot missile is a surface-to-air missile (SAM) system, widely used by the United States military and its allies for defense against aircraft, cruise missiles, and ballistic missiles. The script mentions an incident where a US Patriot missile was used to shoot down an F-16 jet in Ukraine, which the speaker uses as an example of the misuse of taxpayer money.

💡Foreign Policy

Foreign policy refers to how a government interacts with other countries and sets standards for its relationships with them. The speaker in the script criticizes foreign policy as a form of government money laundering, suggesting that it is a means for governments to spend money without accountability.

💡Elon Musk

Elon Musk is an entrepreneur and CEO known for his work in electric vehicles, space exploration, and social media. The script references a comment by Musk about the United States being in the fast lane to bankruptcy due to government overspending. The speaker uses this to discuss the broader economic issues and the role of the Federal Reserve in creating inflation.

💡Cryptocurrency

Cryptocurrency is a digital or virtual currency that uses cryptography for security. It is decentralized and operates on technology called blockchain, which is a distributed ledger enforced by a network of computers. The script discusses the potential for making money in cryptocurrency markets during periods of panic, highlighting the volatility and investment opportunities in the space.

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.