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LONG on Bitcoin 2021 (Don't Listen to the WORST HATERS) - YouTube
Channel: BitBoy Crypto
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welcome to bitboy crypto
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the largest crypto channel in all the
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interwebs my name has been
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every day on the channel i show you how
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to make money in cryptocurrency if you
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like money and crypto
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make sure to hit that subscribe button
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today guys sunday drive video or
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where i drive to church and i tell you
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what's going on in crypto
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and let me tell you what i got a lot on
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my mind this morning so i'm going to try
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to make it quick
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got a lot of topics that i really want
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to cover i really want to hit here
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um but first and foremost uh we are
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going to talk about
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the price of bitcoin right now what i'm
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looking for
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on the charts kind of what i'm expecting
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for next week so
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um then at the end i'm going to talk
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about bill maher dog in bitcoin
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i'm going to talk about warren buffett
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and charlie munger i'm going to be
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talking about bitcoin mining are you
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talking about inflation we talk about so
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much stuff
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and it all ties together the long and
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short of it is
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it is bitcoin's time to shine
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so all right guys well let's start with
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the price of bitcoin right now coming in
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about 57
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000 on the hourly chart on market cipher
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now if you want to get access to market
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cyber
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uh if you want to leverage trade on by
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bit or
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femex uh if you have the the ip issue
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where you can't get on by bit you can
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always try
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either unlimited vpn or you can try vmax
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i don't even think you need
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a vpn there uh visit bitboycritter.com
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deals and you will see all of our major
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links there
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at the top uh but guys if you want to do
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that that's mine but what i'm doing
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right now
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is i'm looking at the hourly chart on
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bitcoin and i'm looking at the price
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hovering around fifty seven thousand
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dollars
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i've got a long in at fifty six thousand
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nine hundred
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um now i i don't have that tight of a
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stop but i i do have a stop loss on
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uh because i'm just you know sundays are
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so
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flipping unpredictable and that's
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that's really the important thing to
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remember guys a lot of sundays the price
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drops
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a lot of sundays the price doesn't drop
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but sundays just seem to be a much more
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unpredictable day than any other so how
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should you approach
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unpredictable days or months or weeks or
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whatever
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when you're leveraged trading well you
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try to analyze the charts
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the best way you can and you try your
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best
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to make sure you're using proper risk
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management because you could get a giant
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pump
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on a day like today but then again it's
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just
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a little more unpredictable than normal
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we see that in the trading volume the
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trading volume usually is down on
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saturdays and sundays
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and the reason for that is well i mean
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people are watching charles 24 7.
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but in addition it's just people are
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real nervous
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to trade on the weekends because we
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don't have
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um you know a lot to go on now the other
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thing is
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i believe we have a cme gap that has
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developed
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um somewhere between 56 and 58 000
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i haven't even looked at it i'm just
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going off of memory here to think
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the price of bitcoin when we closed on
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friday
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uh on the cme uh feeder chart was down a
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little bit
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and then it pumped pretty much right
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after so that's just something to watch
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keep in mind
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um if we do end up going down um
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figure out where that cme gap is i can't
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really look it up while i'm
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here driving um but that's just
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something to keep in mind guys
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watch watch we know those usually fill
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we saw the last one people said it
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wouldn't feel
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it filled so just be careful so that's
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what i'm doing on a trade on the hourly
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chart last night we got a red blood
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diamond the price plummeted
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we now have a large green dot at the
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bottom of the hourly chart
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so it is looking pretty bullish at the
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moment now this week
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i'm expecting fireworks for bitcoin
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ethereum i expect the price of
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ethereum to top 3 000 if it doesn't
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today probably by tuesday at the latest
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um unless we get some kind of like
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detrimental you know drop on the charts
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for bitcoin
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so that that's trading that's price
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analysis that's what i'm doing
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personally don't forget to sign up
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uh for any of those sites biblical.com
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deals um okay now let's talk about the
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larger context of what's happening with
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bitcoin right now
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i don't know if you guys saw this bill
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maher clip where he closed the show out
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the other night
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just totally uh trying to destroy
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bitcoin but the funny thing is number
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one we know he doesn't write these
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he doesn't write his own scripts uh
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they're zero percent he doesn't
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understand bitcoin enough to be able to
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talk about it in the way that he did
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number two bill maher the champion of
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progressives of
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progressivism yeah i think that's the
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way to say that progressivism sorry i'm
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not progressive so i don't know how to
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say it
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uh you know always always talking about
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the old rich white guys which of course
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he is one of um you know always saying
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we need a new system we need things to
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change
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and yet in his monologue where he downed
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bitcoin
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he literally said he literally quoted
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warren buffett the epitome of
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capitalism and conservatism
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conservativism i
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i guess he's a conservative i'm just
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guessing because he's an old rich white
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guy
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um and he's got money so he doesn't want
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to pay taxes
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um but it blesses from nebraska a
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traditionally conservative state i don't
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really know his political opinion
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but the point is warren buffett seems to
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represent every single thing
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that progressives and bill maher and
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that whole wing of our
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country like to put down and yet he uses
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warren buffett
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in a quote he said about bitcoin being
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rat poison
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as or about bitcoin you know being a
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disaster and going to zero can't
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remember the exact one he used
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but he literally uses that as evidence
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of why we shouldn't have bitcoin i'm
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like what is wrong with these people
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so he comes out and he says uh he starts
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talking about the
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the mining fund uh that uh bitcoin
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mining
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is taking up the same energy of the
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entire state of new york
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it's just not true guys this stuff is
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lies
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number one num number two
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they don't even understand how these
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mining operations
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are working in china a lot of them are
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driven by hydro
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electricity not even traditional
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electricity
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electricity we know the electricity
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that's used in a lot of mining farms
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especially in north america
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is clean energy or geothermal energy or
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solar energy you guys may not know this
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but you know the united states only
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makes up for
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five point nine percent
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five point nine percent of the overall
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hash rate over seventy percent of
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bitcoin's hash rate
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is in china and i've told you guys
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really how
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that is the most problematic thing about
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bitcoin
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is the fact that the majority of all
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bitcoin mining and the rewards and the
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production of bitcoin is happening in
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china
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well recently in the province of inner
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mongolia
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in china is not mongolia but inner
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mongolia province and china
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their local government there um i mean
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it's a large province so that the
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province's government
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told this bitcoin mining uh facility
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that they were going
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to have to shut down because of the
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effects on the climate
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i'm sure there's something going on
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there other than just that at face value
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but the point is that wiped out eight
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percent of bitcoin's hash rate
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in that province but that province alone
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one province in china
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eight percent of the overall bitcoin
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hash rate america
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5.9 why is america
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so far behind the rest of the world
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especially china in
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understanding the opportunity the
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bitcoin blockchain is because we have
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idiots like bill maher
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and warren buffett and charlie munger
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and bill gates
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a bunch of older rich white guys some
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people say i'm one
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but i'm not that old i'm only 38 years
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old
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charlie munger is 97 please
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but the point here is is that um
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we have these people that are trying to
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hold us back
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meanwhile we've got china passing us
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economically
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they understand the value of bitcoin
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they understand the value of blockchain
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now obviously everyone
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doesn't there or else they want to shut
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down a lot of the mining facilities
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but the point is america has got to get
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on the ball
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when it comes to uh bitcoin
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and people are starting to see that here
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there are whispers
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of hyper inflation that are going on
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right now there was a bank of america
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earnings call that just occurred i think
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it was last week it would have been your
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your q1 earnings call i believe
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and basically what they said is people
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are starting to get
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very concerned about inflation
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about the out of control money printing
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the government just printing money at
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will when it doesn't even make sense
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they're just
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uh you know in mass making up imaginary
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money as they go which is the same thing
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that bill maher
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was downing bitcoin for but bitcoin
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actually has a lot more sound
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economics and principles than fiat
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currency buy a long
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shot actually it actually blows it away
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in that regard
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but there are people now we're getting
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very concerned
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now think about this since bitcoin was
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uh
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basically idealized it came to
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it came uh to uh an idea to create it in
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2008
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it was actually created in 2009 of
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course we were going through the
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financial and the housing crisis at that
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point
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since then bitcoin has never been in an
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environment where it could prove its
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value
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in its sound economics against inflation
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or hyper inflation in america
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it looks like we could be heading
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towards that
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the federal reserve has said they have
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no plans to ease monetary policies
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they're going to keep interest rates
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historically low
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and give everyone a fighting chance but
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the problem is
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look at something like lumber i'm having
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a house built right now we are feeling
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the thump
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of that lumber it is it is almost
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doubled in price i believe i'm not a
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builder my dad is
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uh but the the point is it's almost
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doubled in price and yet they're saying
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we've only had two percent inflation
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over the last year almost doubled
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when are you guys going to wake up to
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the fact the government
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is lying to you about what is going on
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before
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your very eyes bitcoin is the
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only thing that can save us
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and your you can that can save your
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financial independence
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bitcoin is the only shot you have it may
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not work bitcoin may not be able to save
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your finances
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but it's the only shot that we have
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so let me know what you guys think about
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this there's a lot going on it is
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becoming bitcoin's time to shine i'm
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excited to see what bitcoin can do
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um this will be where hey maybe the
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maxis are right maybe that's what we'll
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say at the end
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obviously ethereum also crushing it
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doing really well
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let me know what you're looking for in
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your portfolio right now drop those
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comments
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down below let me know what you think
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about inflation are we heading to
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hyperinflation i want to know all that
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from the fit squad all right guys that's
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all i got
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love you on a sunday morning be blessed
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big boy out
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