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2:36 High Risk & High Reward But The Mindset You NEED To Have
3:40 El Salvador Whale MISSED THE DIP Deciphered
4:32 How I Made Thousands of Dollars With This Dip & You Can Too
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9:40 Why Crypto Market Crashes Are GOOD.
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Disclaimer: I am not a financial advisor. Brian Jung does not provide tax, legal or accounting advice. This material has been prepared for entertainment purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
#Crypto #Bitcoin
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Video Outline:
0:00 Introduction
0:40 Why Did Crypto Crash??
2:36 High Risk & High Reward But The Mindset You NEED To Have
3:40 El Salvador Whale MISSED THE DIP Deciphered
4:32 How I Made Thousands of Dollars With This Dip & You Can Too
7:25 How To Profit With Buy Market Limit Sell Orders
8:10 Huge Altcoin Recovery. Alt Season Will Run.
9:40 Why Crypto Market Crashes Are GOOD.
11:35 Conclusion & Special Offers.
SECURITY YOU NEED
⮕ 🔒 Cold Storage Mentioned in Video (MUST HAVE): https://brianjung.co/ledger
⮕ 🔒 Yuibkey Data Protection Key https://brianjung.co/security
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Disclaimer: I am not a financial advisor. Brian Jung does not provide tax, legal or accounting advice. This material has been prepared for entertainment purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
#Crypto #Bitcoin
Ladies and gents welcome back to another video, so the market took an enormous pile of dookie. Do it took the biggest dump that we've seen since the past summer and in this video we're gon na be going over? Why the market dumped we're gon na be talking about how to profit off a market dump, and we're also going to be talking about why a market dump is actually good. Now, first of all, when i experienced the market dump yesterday, i was hanging out with some friends that flew in for our little party celebration that we're having tonight and when i checked my phone, i could not believe how much bitcoin had fell when bitcoin hit the Support level of 42 000 it had happened so quick limit orders were getting filled, that it got swooped up bounced out of that hole, and right now we are just seeing some other all coins having different pace. Recoveries.
First of all, why did the market sell off? We got a headline here just yesterday about the dow jones reverses lowering the nasdaq diving as tech sell off, and then we saw job data disappointing as well. On top of that, if any of you guys keep up with any of the news articles, you're going to be seeing a lot of stories on omicron and omicron is all over. It seems like it's picking back up and we are just getting a reflection of what we saw earlier when the first pandemic started to arise. This resulted in stock selling off.
We saw the crypto market going back down way way earlier at the start of this pandemic, and right now, when we're getting uncertain news in the market about a potential second lockdown, more money getting printed in the economy. This oftentimes creates instability, especially within the crypto market, where we've been getting so many new retail investors into the game. Now, that's not the only reason we saw all coins at one point, all down about 25 to 30 at a single time in the market, and that is because we had so many liquidations happening. Liquidations often occur whenever we get huge volatility in the price action of a certain asset.
If people are leveraging 5x of their money that they don't have essentially taking out a loan or using margins, as you would compare in the stock market, if you're using any type of leverage within the crypto market, say you're going 5x 10x 15x, the higher multiple percentages, You go the more likelihood you can get liquidated if there is huge volatility in the market just like we saw yesterday once we get one liquidation happening at a certain price target. What results happen after that is a domino effect of other liquidations continuing to happen until we hit the floor or the bottom, which we saw happen last night. Very, very quick. If we take a look at coin glass, we can actually see that in the past 24 hours, 377 305 traders were liquidated.
The largest single liquidation order happened on bitfinex at 27 million dollars and about 2.44 billion dollars was liquidated in the last 24 hours. So when it comes to investing into the crypto market, most people already know that it is risky. There's high reward, there's high risk. That is just the nature of this game. What many people don't realize is just as much as we can get 30, 50 or even 300 increases in a single day with one cryptocurrency, you could get a 30 dip in the market as well the good old saying when it comes to the crypto investing world. It's when in doubt, zoom out, if we take a look at the one-year charts, you'll notice that even with bitcoin just one year ago during this time was still at eighteen thousand dollars and bitcoin is right under fifty thousand dollars. Today, yeah, there were many swings, and this is very similar to maybe something we experienced before previously in the past towards the end of the summer, but right now with how much growth we've had in the market since the 1st of october. I do believe that this is completely normal.
You may also hear a phrase that is pretty popular and common, and that is trading hands. What does that mean? So when newer hands enter the market, they buy near the tops here? Maybe here anytime, we get volatility or dips in the market and they sell that's when the stronger hands or more experienced investors come in and pick up that bag. Now, aside from retail investors and people like us, some of the big whales like naive, bucali, also the ceo as he claims of el salvador in his twitter bio. He went ahead and tweeted.
Last night, el salvador just bought the dip 150 coins at an average usd price of 48 670 dollars a little while later he tweets miss the effing bottom by seven minutes. Now, even from a tweet like this, with the laughing emoji and the celebration emoji a christmas tree emoji, you can often associate those with positive vibes, positive emotions. Do you sense any type of negativity from this type of tweet other than the fact that he missed the opportunity not really even from gauging the demeanor and the emotions from this tweet? You can realize that a lot of these larger whales are more excited to buy up cryptocurrency because long term. This is still an appreciating asset, all right.
So when it comes to why bitcoin crashed, we get it brian. We understand there are a lot of bad things. Going on in the world that are outside of our control and whenever larger whales, big institutions or investors feel like they are out of control, and they want to play the safe side they're going to cash in those profits. When we see that happening within a market like crypto, where it was a lot of leverage and we get a complete overhaul of liquidations happening, it was natural for us to see this.
The question that comes about, then, is brian. How do we profit on a time like this? What can we do in the future? Now we can't go a week back or two i mean you could watch some my older videos, where i'm telling you guys to literally average out the market when it was at extreme greed. But if you weren't able to sell at those points, how can you make profit now? How can you move forward while making money in this market, and let me share with you how i was able to make a couple thousand dollars within the last six to eight hours so going into my gemini? I actually went ahead and bought some sand last night at ninety seven hundred dollars, uh at around five dollars and eight cents. I made this alert within our discord within our discord group. We were up in there until 2 a.m, watching the market crash making some of the buys uh and big shout out to my moderators and my research team. It was just amazing, the call-outs that we've had leading up to this moment, how much money our members have been making. So just as an example with some of my trades, i went in at sand 9, 700 today, even just less than 24 hours later. My sand is at 11 149.
Luckily enough, i also had some robin hood cash balance. That was sitting in my account because i did sell off some of my dead stocks from the earlier weeks. I went ahead and bought ethereum. I think ethereum still has much higher upside than bitcoin.
Ethereum gave us big opportunity. Within the last day. We even saw it dip below 3 800. There were other opportunities on different exchanges, but you can see i went ahead and bought in ethereum.
I sold right before this too. You can see market sell december, 2nd uh at 4 528. I've re-entered my position at 3 858 and i still made a profit of 1 116 in less than this happened last night at 2, am so less than 8 hours. Later now the whole reason i'm sharing with you some of my smaller profits.
I've made in this market is to not brag or to say, oh, i was able to capitalize on it so quick, but it is very simple to navigate the crypto market when things get greedy, we'll preach this every single time when things get greedy, take those profits Off the table, when the market takes a dump like the one we saw, that is a once in a lifetime opportunity to maximize a pond. Yes, there could be other dips happening in the future, but stay on the off chance. This was the last tip. We never see ethereum below four thousand dollars again, then that would be considered the once in a lifetime opportunity there in order to maximize your profits during dips, like that, if you're not in a crypto community, you don't have friends that are going to tell you.
If you don't have alerts set up on your phone, depending on what exchange you use, you could go ahead and set predetermined limit buys which occur whenever a market price gets hit. So some people within our group had some uh bitcoin market price buys set at about. Like 40 to 40 000 that they completely forgot about, they woke up to those actually getting covered, so just make sure that you have money sitting in usd or whatever exchange you have and anytime. We get huge volatility dips in the market where it happens very quick. If your orders can get filled, that is free money that you are making in the market right there. If you guys, are interested in signing up for gemini or coinbase, or anything like that, i do have links down below in the description and you'll also get free. Crypto, if you use my link down below too moving on with the current state of the crypto market right now, we're quickly seeing things return back to its normal pace. Solano was under 200 yesterday.
It is now above it uh. It recovered very quickly. We also saw tara luna, it was under 60 and now quickly back at 66, when many new investors start freaking out in the market and they don't have the support and they just see red and they think bitcoin is gon na hit zero dollars. You have to realize that is not possible.
Bitcoin can never hit zero dollars as an asset again, just because of all the money, the institutional backing, the amount that is staked and the deflationary asset it has with its mining properties. You can just continue to expect bitcoin yeah. It will have some dips yeah. We can see some lower support levels, but it will never depreciate to a point so low.
We are now at a point in the crypto market and as investors, where even right now, if you were to bet against some of these cryptos all the way to zero, it is very, very difficult for us to do that with all the institutional vc big large Money that we have in these cryptos and you have to realize, even if some of these venture-backed companies want to sell off they're, not going to be able to do it as quick as retail investors could, even if they wanted to. The big thing is also when it comes to institutions they're, not investing for a short period of time. Whenever we see them enter large positions, they're going long, they are going with a three five or even ten year, expectation of where the crypto market will be, and that's the same, exact mindset that you should have as well my little notebook here. Why is this good? Why are dips in the market healthy? Well, first of all, we create new foundation where over leveraged traders get wiped out.
Crypto should not be built off money that you do not have in your bank account. It should be built off slow, steady, strong diamond hands. In addition to that, this is always going to be a learning lesson for anyone watching these videos that it is okay to take profits when you are profitable and you never have to go for a 10 000 x investment. If you're able to make money and slowly accumulate, that is the type of growth that we should see.
Like i mentioned earlier, force liquidations are great for the market, because that opens up those huge buying opportunities for anyone who wasn't able to get in when the market was much higher. I also noticed that many of the nfts that we've talked about on our channel, especially the blue chips, continue to stay steady in price and they acted almost as a stable coin, regardless of the crypto flash crash. There are some other people that believe when crypto goes down and people don't want to trade anymore, then nfts would be completely irrelevant too, but that is just not the case now guys, even though there is some red in the market, i can tell you that there Is still some opportunity and on the more optimistic side at least tether and usd coin is still holding strong so compared to what we felt previously earlier this year, it seems a lot more stable and that is coming from the vc backings. That's coming from the developments of the nft world, that's coming from all the protocols on layer, one solutions, uh and the involvement that we're seeing with the entire world moving over into crypto. We have so many partnerships down from designer brands. We saw adidas changing their profile. Pic to budweiser and many more companies, there are athletes that are still changing their profile, pictures into different nfts and the market continues to develop. I strongly believe crypto is still here to stay long-term and if i were to compare this to any other investment market stocks, real estate watches, i'd still put my money into crypto, whether it's buying digital lan, nfts or anything related to the sort guys.
Let me know how you guys feel about the market down below in the comments. What's the secret word for today, the secret word for today is metal pen comment that down below, if you guys, are watching this till the end. So i know you are a real one, don't forget to follow me over on twitter and on instagram, and it is the brand new start to the month. If you guys are interested in joining our patreon.
If you need a support group kind of like what captain america had after the entire avengers like this, like thanos snapped - and he was sitting in this - you all know - you know anyways. We got something like that and if you guys are looking for an amazing community, i love what we have built over on discord. We have some amazing team members. A great great community come join us.
We will help you make money and if we can't get a refund request, a refund or whatever, but that's how confident i am within our group and i think it's a great opportunity for all of you guys all the links for that will be linked down below. In the description, one last thing, if you guys, are signing up for an exchange or you need a vpn to protect yourself, i got a deal for you link down below in the description check it out as well. Thank you all so much again for watching this. Video and until now, until next time, until next time, peace out.
"…at least Tether and USDC are still holding strong…" well yeah, I'd friggin' hope so!
Metal pen! Good videos 🙂 Thank you
Metal Pen, "Don't get emotional about stock, clouds your judgement" – Gordon Gekko
Metal pen 🖊
Metal pen! 🤙
Learning so much from your channel!
Love the work you do Brian🙏
Big ups from Hong Kong
Thanks for the great video again. Metal Pen!
Metal pen…good vid
Thanks for your effort man, ! love the family❤
Can anyone send me the discord join link?
Omnicron is a joke. More fear mongering of the weak minded plebs out there.
Metal pen 🖊
Metal Pen 🖊
I saw the dip in the market and I just thought to myself if I had more money 💰 I would've bought more crypto during the dip.
Metal pen
Metal Pen!!! thanks brian
Metal pen 😄
Metal Pen,. Playa playa!
Metal pen son, another good vid, nice work.
Metal Pen! Love this channel!
Metal pen! Thanks
Metal pen. Good info
I put 20% into my crypto and 80% in brokerage
< I see BTC at $75K by end of this year but Will always let anyone know to forget predictions and start making good profit now because future valuations are all speculations and guesses.The market is very unstable and you can't tell if it's going bearish or bullish.While myself and others are tradn without fear of making a loss others are being patient for the price to skyrocket. It all depends on the pattern you follow.I was able to make 20 bTC in just November from implementin tradess with tips and info from Mr William Henry Morgan>
Metal pen 🖊 always love to watch ur video and suggesting all my friends to subscribe you .
metalpen 🙂
Metal pen! Bro, KOLLECT still doing a 30%gain during all this
I’m down £1500 kms
Metal pen. Gotta get into this like yesterday!!!
Luna now 77$ 🤣🤣
Metal Pen lets GO 2M subs