For the first time in US history, a decade passed without the country falling into a recession. We are living in an interesting time. Today I want to get personal and share a fear of mine going into 2020.
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The Beginner’s Guide to Bitcoin Part 1: Andreas M. Antonopoulos on Why We Need Bitcoin
For the first time in US history, a decade will pass without the country falling into a recession
https://markets.businessinsider.com/news/stocks/us-history-recession-risk-2020-trump-obama-government-2019-12-1028745801
The Fed’s Repo Problems are Only Beginning as the Biggest Bubble in History Looks Ready to Pop
https://www.ccn.com/feds-repo-problems-are-only-beginning-biggest-bubble-history/
Not All Altcoins Are Rekt: These 5 Cryptos Have Given 3-13x ROI in 2019
https://beincrypto.com/not-all-altcoins-are-rekt-these-5-cryptos-have-given-3-13x-roi-in-2019/
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***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! USE ALTCOIN DAILY AS A STARTING OFF POINT!
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Stack sats and chill.
Why be scared? If you are scared then you are in the wrong business. I invest every month fiat "money" i can live without and even if it goes to zero who gives a crap it’s just fiat. Fiat is going to zero either way.
Thanks for the heads up for everyone as a just in case, an don't b like all us a year ago thinking it cannot drop below 6k, it can also drop below 200 week MA. plan for any scenario.
Still watching daily, even though I'm oftem too busy to comment. Thanks for your daily videos. Appreciate you guys!
Crypto will crash first- GOOD. I can buy more!!!
Love your work
One would think the superwealthy/wealthy crypto investors would be in the know enough to transfer funds before hand. Who knows what price bitcoin would be at when we hit the next recession thats something that will matter. As far as it taking a dump of course I believe it will however to what low we may be looking at the very same price we are now because it dumped from such a higher price.
Altcoins only worries you because you know nothing about it.
Why never mention Eth?
Or Chainlink or Maker.
Lots of solid projects are being made.
Also there are lots of scams.
Like Xrp or ADA….
But the really good projects will rise on top eventually.
That will give massive higher returns than bitcoin because the bitcoin market cap is already really big.
Look ad what Eth defi is doing.
That will really be able to put the banks out of business.
Be ready to buy the bargains and hold for the recovery. You can become the digital assets Buffet.
Andreas is an astute guy and I agree, at first crypto will dive then it will rise as a safety asset…. I wouldn’t be too worried about altcoins…. the tech will keep them afloat
BTC will be a safe haven.
Crypto had their crash in 2014 and end 2017, just like stocks had their crash in 1999, 2008 and who knows another crash soon. So its not like crypto only went up. If you look at it on a 10 year base then it only went up, just like stocks of you look at it on a 10 year base. But for me that is just prove that crypto is a great investment tool.
There are three Million Bitcoin Left to mine. Litecoin has a 130 million to mine. (Probably less at this time). People will be going heavy into Litecoin as Bitcoin becomes impossible to afford.
Im not worried at all, I mean even if btc falls to 1000 in the next stock market crash, that just means cheaper bitcoin! It does not change the fundamentals. Stack sats n chill.
Inevitably, what happens with the stocks also affects the price of the btc. An great example of this would be the end of 2018 december, both stocks and crypto lost its value.
As long as the ALT have a valuable purpose for the crypto space with a total/max supply then it should be good.
Top 20 coins will be the ones we should focus on. Not the current top 20 because that currently has BTC, XRP and BSV. I think Austin hints at the key to surviving this in this video… the tip coins will be the ones with the top use cards, tech, and teams. Anyone want to propose what coins will be in the top 20?
Great point .I also could imagine a big pullback. To set up for all that cash that wants to rush in .I think people are forgetting the bad stuff that went on . nothing like a reminder ,,,a crash ,,,huh, ,,and that's exactly why I subscribe,,for hard hitting views. Thanks
Bitcoin is still perceived as high risk to most people. When the traditional assets crash their risk relative to Bitcoin will increase. In other words, Bitcoin will be "safer" than it is now. In other words, a crocodile is a boat to whoever is drowning.
During the recession a person better have strong belief and a vision
In the event of a recession; Bitcoin will likely hold value after an initial downturn. Altcoins will be split. Altcoins that have a daily usefulness IE; BAT , will continue growth. Just because there is a recession does not mean people will not be interested in browsing without necessarily commercials . The BAT tokens although small value today could greatly increase in value,because people can continue their internet use in a beneficial way . Even a depression would not hurt this business model. Any Altcoin that delivers a usable service on a day to day basis will grow. Those that are just repetitive examples of something else will die.
Bitcoin is high risk. High returns though. But very volatile, but if enough people get invested, it can stabilize some
I just feel like a safer bet with bitcoin, there’s so many altcoins there’s no way of knowing which ones will be the huge winners
Awesome channel keep it up.. what is your top 5 YouTube channel?
Forget about altcoins! I stack sats as many as I can
Hahaha dude you really gotta chill.speaking from an economic stand point institutions will be looking to put their money into a “save haven” aka the crypto market which won’t be tied to the manufacture crisis to come. Enough with the fud. And please start being unbiased. SMH… BITCOIN BITCOIN BITCOIN SMH. YOU LOVE BITCOIN CHANGE YOUR CHANNEL NAME TO BTC DAILY. YOURE SOUND RIDICULOUS NOW.
Stacking up my bottle and cans along with copper scrap…to buy Bitcoin on the low when it crashes. Boom?
The only crypto currency that matters is Bitcoin.
Hmmmm was thinking about turning my saving to only bitcoin so at least I know there wont be negative interest and have issues selling it
BTC? ETC? ADA? TRON♡
The crash, when it happens, will be Epic. Put a bunch of money into silver and cash (for when the assets go on sale) now. Other money should go into cash flowing vehicles.
I totally agree with Andreas. When liquidity dries up in a recession, asset prices will come down. Bitcoin will be no exception. Most Alt coins will crash even harder. I don’t see it happening until after the election though. The powers that be are propping up the stock market and other markets with low interest rates. If anything, I see the bubble inflating even more soon. ?
July 2020 $5800~$6300
Dec 2020 $28000~$33000
Andreas Antonopoulos is the voice of God.
Bitcoin and altcoins are funded by fiat currencies, which have been devalued by as much as 90% by excessive money printing, borrowing and leveraged investing.
It's unreasonable to think that if the value of the world's fiat currencies ever are devalued overall that Bitcoin and altcoins will retain their value in USD.
But they might retain more value and they might also bounce back before other highly leveraged assets.
Or not.
It’s always on the back of my mind. I dont think BTC is an uncorrelated hedge. If the economy tanks so will BTC. Alts are garbage so I don’t stack them.
If you think 2008-9 wasn’t a clear out you’re delusional.
STASH your CASH and Wait for the CRASH ?
If it was really like he say it is in crypto then we should see a stronger correlation to the Traditional market with bitcoin… but se wee the opposite… CRYPTO HAS A ZERO-% TO NEGATIVE CORRELATION TO TRADITIONAL MARKETS… AND THATS POSITIVE FOR ME.. GOLD HAD A 20% CORRELATION TO TRADITIONAL… AND CRYPTO HAS A 35%CORRELATION TO GOLD
hard to predict, first BTC up 9600, feb alt-season + BTC down 6900, after double top 14000, drop to 7500, EOY 28000. We all may dream?
I’ve been repeating that all this safe haven and hedge against irresponsible monetary policy stuff on crypto is nonsense for a while. No one puts safe money into crypto because it’s volatility. If the market crashes, all of crypto will be hit, including bitcoin.
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