Bitcoin Presses $7,000 As Unemployment Claims Soar To 3.2 Million In The US Alone

1. thanks nick! 

   I think the SPX and NASDAQ will retest their lows

2. Incognito node a bit pricey………why not lower the price and take half commission until hardware is paid for? A decentralized network of rich people, awesome.

3. there's a massive selloff right now

4. Print money. Make everybody a millionaire.

5. BTC will never rise as long as there is an asic mining centralization. Its time for the developers to bring back cpu mining to save btc and other cryptocurrencies.

6. When I see the number of unemployment claims in the US, the only thing I want to say is God Bless Europe and social security. Here the quarantine means we need to "stay at home" and the government takes care of paying us 70% of our salaries + some extra cash. We pay more taxes, but we never have to pay for hospitals and we are backed by social security in events like Covid-90.

7. This will prob start to turn around around Mar June I Bet!

8. @datadash, have you heard about tornado.cash ?

9. YOURE WRONG YOU GEEK… CRYPTO GOING BACK DOWN BEFORE THE BOOM.. BTC 3,500 COMING AGAIN

10. Everyday there are new developments within the crypto space which push us further to mass adoption and helping millions/billions of people around the world with this revolutionary technology, however let's not forget what a lot of us jumped into crypto for, because of the sheer shit show companies make of privacy protection and most of the world to that matter. Incognito spells what the crypto space is truly at the core about and what we should be wanting to be apart of, decentralized, privacy protection and real everyday people with true ambitions to use the technology for the right things. That ticks my boxes.

11. Lot of eye openers in this video again, thanks!

12. With the new unemployment bill most ppl including myself will make more on unemployment than going back to work. For 10 months. That's insane. Lots of ppl arent going to want to go back

13. Easy 10k?? with this unemployment rate are you crazy???

14. If deaths increase do you guys think crypto will have a sell off again ?

15. Massive money ‘printing’ continues.

    Bitcoin and Łitecoin reward halving supply shock coming down the track ..?

16. There should be a billion dollar prize for the first team to come up with a vaccine.

17. Hashrates are going down

18. Did you sell oil futures? At what price will you be a buyer?

19. I agree with you on lots Nick but do you really think people will keep putting into BTC and other Crypto’s at this point?
    Also it’s hard to use any TA or even try… we are in uncharted waters. Bitcoin is 10yrs old and was created after the last Recession. This is the first recession and soon depression since BTC was born, uncharted waters!
    This sure will test Crypto but it’s hard to use any metrics for it.
    Thanks for being honest and telling everyone what really all this means compared to so many Crypto Youtubers still pumping everyone with Hopium!! Why anyone is thinking slight green days on the Crypto prices will stick. Wake up, we are stepping into a Global Recession and Global Depression is incoming!!

    And majority of the population when they get their free government money won’t put it into Crypto or even any markets.
    They will need to live and feed their families. Anyone who keeps saying BTC will pump from this has not been in this space long….

    I have sold a few BTC since Dec and more this past wk. I’ll start to buy back when we drop under $3800. and dollar cost average in till the bottom hits. It won’t surprise me if we drop down to $2000 levels. Why? Because their is over 7Billion people in the world and aprox. 1% in crypto. People will need their cash as people are loosing their jobs. There is not enough of the population and money in Crypto to make the price boom, not yet, it will one day but not yet and especially not now!!
    The economy all won’t fix itself overnight, hold on tight this is going to get bad, really really bad!!!!
    Once all the bankruptcies start to get reported watch all the markets crash even more, then we have entered the depression.
    All this Government printing of money and stimulus into the economy to try and keep it afloat, it too will fail. All the green we see in the crypto market during this recession is pure manipulation and that’s it.
    More people will start taking their money out of Crypto cause they will need it and their spouse will make them! We will find a bottom as lots of BTC wallet address haven’t moved anything nor will they, that’s where the bottom will be. I wont be selling anymore either but the bottom is still incoming.
    People need to save what they can now, be there for family and each other and survive the next 12-18 months and longer as the economy will take several months to recover once we hit bottom.
    I’ve been in this space for many years and I’m ALL in on Crypto trust me, all my RRSPs and traditional investments I cashed out and put in Crypto back in 2016 after buying my first BTC in 2015. I even put my house up for Sale at the start of this year to dump the rest of my equity into Crypto and avoid the recession incoming from all the Corporate / Government debt but might of not timed it perfect. Now it looks like the house will sit a bit longer then I expected, but it will sell eventually and it’s all going into more Cryptocurrency!!
    So trust me I’m ALL BULL on Crypto and seen enough to know how this can play out. So many Youtubers and Crypto Twitter peeps need to be real, stick to the news, let go of the hopium, referrals, Likes and especially the bottom of the barrel click bait titles!!
    Stay healthy and stay safe my fellow Crypto lovers, we will one day goto the moon ?.

    Keep up the great vids bud, thanks for keeping us informed!

20. Drink a shot every time he says “again’. You’ll be drunk after 5min ?

21. drinking game. take a shot everytime Nick says "in this case".

22. Regarding your point about how the virus will by cyclical and multiple quarantines will be needed – I don't think that we'll see quarantines on this scale again for this virus even when it does come back. A big part of why quarantines were needed this time is because we had no prebuilt herd immunity in our society and no vaccine for the virus. By the next cycle we should have both of these. I know people don't like the comparison to the flu, but this covid-19 is basically what would happen if it was the first time we experienced the flu in our society. The lack of these two things is why it was so bad this time around, and by the next time it should be no different than the flu. Do we shut down our society like this over a bad flu season? No, and there's no reason to expect why we will be doing so every time covid-19 comes back from here on out

23. Covid19 is a Hoax. Used to take the brunt of this economic crash.

24. Like your vids! Are you saying that stores will stay closed for a year as we will have to wait for a vaccine?

25. For long-term holders this is gearing up to be perfect conditions for bitcoin in the years to come.

26. You’re already going to build natural herd immunity at a far smaller % than artificial herd immunity who operates at a much greater %, why choose both? Unless your bottom line is shareholder profits and a medical police state, choose wisely.

27. I agree with almost everything but quit talking about how bad Corona is….it's a hoax and it's maybe 1/1 millionth of a % as serious as it's being made out to be. Smoking kills more than Corona, we don't shut the economy down, car crashes kill more than Corona, we don't shut econ down, the flu kills more ppl that Corona, we don't shut econ down. It's BS. If I wasn't busy trading, I'd go out more often just because this idea of everybody stay inside is BS. Stop promoting Vaccines too….likely Gates created Corona so they can force ppl to get all the vaccines he likes. All out Communism.

28. I would say that almost anyone I speak with who has any savvy regarding economics agrees the stimulus is not enough for a fix of any duration.

29. Businesses that go bust won't be coming back on line. Get real.

30. Yes, yes, Bitcoin will skyrocket as the rest of the economy turns to dust. Of course. It's obvious. Everyone whose business is collapsing and who can't meet their mortgage payments is going to pour their life savings into a non-volatile, rock solid, safe haven crypto asset. Yeah.

31. The Commercial and Central Banks and Big Goverments can create an infinite amount of money. So money wont be scarce, in fact it will be abundant. See the 6 trillion dollars printing in the USA. It is amazing. So what is the real worth of Money . Bitcoin seems even more real then fiat. Gold and Silver are as well. Check out this article:
    https://www.theguardian.com/commentisfree/2014/mar/18/truth-money-iou-bank-of-england-austerity

32. Bitcoin is indeed a hedge against (hyper)inflation, but imo people will be in a need of cash right now. Great chance that BTC will experience a huge drop till the economic fear has past..

33. most people cant even file unemployment yet ,because of slow websites

34. Love all your advertisements

35. Nik what do you think would allow a decoupling of hard assets like BTC from stocks? I just made a vid discussing this and that the only other time i see hard assets correlating this much is always before a recession. I really am eager to see BTC decouple. It does seem though that historically hard assets rally first after the sell offs, but do you think BTC will just follow stocks down until optimism returns across all markets?

36. BIG market dump loading ?

37. Just a nasty bull trap….. be very careful guys

38. Yo, what do you know about eThaler? I'm baffled, seriously like wtf, that no one is talking about it and I'm not going to shut up til someone does

39. I'd like to own a business that couldn't fail. The small businesses will get 'loans,' the big corporations get 'bailouts.' We haven't seen this play-out yet. I had no problem grabbing another BTC at ~$6,200, as I missed the bottom, but I'm very patient and don't mind waiting on my ROI, but I grabbed physical gold and silver also, and made a hefty profit before I even received it. I think we're about to see where gold and silver should be in the fairly near future. I watched a 6 month old video from 'The Motley Fool' earlier entitled, "Gold is Never a Good Investment." I believe they'll quietly remove that video before this is over.

40. You are absolutely correct! It will be many months, if not well over a year before things are somewhat even beginning to get back to normal. And then if this fool Trump tells everyone it’s OK to go back to work in these areas that are not considered hotspots. Well, they will simply turn into hotspots with the virus. The reason they are not hotspots is because everything is shut down. And what’s even more sad, is people will listen to him. Got to love the almighty dollar! as for unemployment this is only the first week. I would definitely bet it will be seven or 8 million filing for unemployment. If not more. All depends how the fake stimulus package pans out throwing people a lifeline for a couple of months. It’s all smoke and mirrors, And fake numbers. And I don’t mean in a good way. States were asked to hold off on the actual unemployment numbers. So most likely that number is five or 6 million already.

41. Data Dash drinking game: Whenever Nick says "I'm gunna go ahead…" drink once. Whenever Nick says "at the end of the day…" drink twice. You'll be plastered half way through every episode!

42. Only thing I can’t stand is you are hoping for a vaccine. Please stop saying that. It’s what THEY want to do! Mass inject people? Hell no!

43. crypto still needs to see one more big shake out to get rid of all the dead weight before blast off

44. BTC just hit <6k €. let's see how this plays out

45. The "root cause" of the economic collapse is declining cheap fossil fuel derived energy = Zero !real" productivity growth ! I know you love the Financial fiction Nick but energy is the master resource – "go watch the crash course"

46. Well I know how rocket science works….

47. One wild ride it's been that's for sure.

48. In which case?

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