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Critical Time to SHORT Bitcoin? (BEST Bet for NEXT Dogecoin Pump) - YouTube
Channel: BitBoy Crypto
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welcome to bit boy crypto the largest
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crypto channel in all the interwebs
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my name is ben everyday on this channel
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i show you how to make money in
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cryptocurrency
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if you like money and crypto make sure
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to hit that subscribe button coming to
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you guys
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live from my backyard do you think my
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kids play ball
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every day it looks like this but guys
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listen i just want to make a quick video
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for you guys today
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why well because my voice is still
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almost gone but
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hopefully maybe if i take the rest of
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the day off maybe it'll come back
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tomorrow but today i want to talk about
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shorting bitcoin should you do it we're
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also going to
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briefly touch on dogecoin uh and what it
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did
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and uh why i'm still looking at ethereum
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classic
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so okay let's start with bitcoin guys
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first and foremost
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price is pumping right now over 59
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thousand dollars
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i actually just took profits on my long
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i had a set a few days ago
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on the stream i made about uh i think i
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made about 15
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000 on the trade so pretty good if you
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ask me if i do say so myself
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um i do have some more room to the
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upside on it um
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i set a stop loss at like fifty eight
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thousand nine hundred maybe it said it
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by now maybe it hasn't
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but i told you guys that i fully suspect
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bitcoin to be hitting new all-time highs
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within the next two weeks i said that a
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few days ago
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and i do think we are on track we got to
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get back above 60k
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start making that move towards 70 to 80k
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now just keep in mind if you would like
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to short or long bitcoin
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you guys can do that by going to
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bitboycrypt.com deals in the top you
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will see our best deals you can get
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access to femex
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by bit they got a trading competition
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coming up soon they got the largest
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opponent
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deposit bonus ever of course margaret
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cipher
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tokenmetrics you can find all that on
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bitboycrypto.com deals but the point
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here is
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is that i just read a very interesting
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article you guys know i do not
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short in a bull market or a bulldog
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market
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as some say odie whelps look at that dog
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he's the ugliest dog you've ever seen in
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your life but he is
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pretty sweet i don't short in
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a bull market now why can't i make money
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shorting in a bull market yeah you
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probably can
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the reason i don't do it is because it
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just adds a little bit too much
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volatility to my plan it's much easier
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for me to bet
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one way and wait until the price drops
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and then go that one way
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instead of trying to pick like 50 50
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each time so for me it's purely
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strategic
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and you're gonna win more longing in a
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bull market
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but what about a bear market should you
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long in a bear market i'm gonna say no
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i only will short in the bear market now
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i read a very interesting article this
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morning
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um from i think it was on the new york
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times or the wall street journal can't
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remember exactly where it was
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uh maybe it was cnbc they said
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that a lot of trading experts there's
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another bulldog
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that's henry hey henry what are you
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doing buddy
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yeah he's ugly too bulldogs are ugly but
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we love them
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um so the thing is is i read this
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article and basically what it said
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is that if crypto continues going up
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over the summer
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it will be the easiest short in the
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history of mankind
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what do i say to that i agree 100
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like that's why we're waiting for the
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top of this market and it's not going to
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be in for several months
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but after crypto blows up over the
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summer you know
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technically fall starts quarter four
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starts
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i think like september 22nd 23rd that's
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well no well q4 actually starts in
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october but
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summer actually ends towards the end of
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september
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which guess what that's exactly when i
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think bitcoin is going to peak out at
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so i do believe that once we get to the
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top of the market shorting bitcoin down
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it's not gonna be fun because we're all
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gonna be looking at the price of bitcoin
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dropping
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but you can make a lot of money shorting
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in a bear market you just have to be in
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anticipation for that
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and this article that i read was like
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really negative like oh you know
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crypto's gonna
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crash and all this stuff like yeah of
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course i've been telling you guys that
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for
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two years now that it will go up and
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then it will fall
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the smart money is going to anticipate
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that if it doesn't happen
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then guess what good on crypto that
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means we're going to continue making
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money we're not going to sell 100 of our
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positions
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but shorting in a bear market is going
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to be the move so
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don't get scared off by these people
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that tell you that crypto's going to
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crash
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it's going to and you can make smart
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moves based on that including leveraging
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on the way down
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so now let's move on let's talk briefly
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about dogecoin ethereum classic so today
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i got a big video for you guys on
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dogecoin coming from
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matt wallace a final stand i've got an
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interview with him we're going to talk
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about it a little bit more
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on our wrapped weekly video with ellie
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that's coming at seven today's or
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standard time
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and the point is what's going on with
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dogecoin it went all the way over 70
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cents yesterday
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briefly becoming the number three
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overall cryptocurrency
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actually ahead of binance coin yesterday
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finance coin
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is of this moment is about 96 million
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dollars in market cap i hope you
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all didn't see my dog poop back there
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that'd be weird but uh 96
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uh billion dollars in market cap and
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um uh dogecoin said 92 billion
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okay so pretty close yesterday they
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actually
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flipped i think dogecoin i said i
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thought it could hit a dollar
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leading up to this elon musk event i
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think it's
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probably a little bit too close now to
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the event we didn't get
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a huge run-up like i was thinking we
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were going to get but i do believe
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before the show today
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it will go above 80 cents i think we can
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easily see that today
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might not see it some people are already
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starting to sell
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where are people putting their money i
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think a lot of these people are gonna be
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putting their money in
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ethereum classic it's easy it's liquid
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people like you kind of have the the
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kind of almost
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a perfect storm here now do i believe
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that theorem classic is a great project
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no do i think it's going to change the
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world no but from an investment
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standpoint
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trying to ride a wave similar to what
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we've seen with dogecoin because i do
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see
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the dogecoin wave here uh tapping out
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for a bit
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for this elon musk interview depending
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on what happens something crazy can
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happen today
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and uh you know the price could shoot
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way up maybe elon musk buys a billion
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dollars worth of dogecoin on
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you know tv tonight or something but
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most likely
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buy the room or sell the news here but
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when you're looking at ethereum classic
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you're looking at a project the number
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one is liquid on robinhood for these
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investors that are taking dogecoin
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profits
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and then number two you are looking at
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something that has the word
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ethereum in it so what the noob investor
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is gonna do
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they're gonna look at that and they're
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going to say oh my gosh ethereum classic
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is it 110
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ethereum which is also pumping right now
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is going to be at 3 600
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today or it is it about 3 600 wow that's
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36 times from here
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if ethereum classic can catch ethereum
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i can do it 36x does it make sense is it
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logical
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no no but will they think it quite
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likely
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so for me i'm looking at ethereum
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classic and i'm targeting it um i've now
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got six figures of ethereum classic
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um now it may not pay off i've got a lot
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of disposable income a lot of
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disposable money as you guys know so i
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can do things the normal person probably
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can't do
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i understand that at this point but just
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remember as early as
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as early as uh late 2019 i was pretty
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much in the same spot you guys were i
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didn't have millions of dollars or even
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hundreds of thousands of dollars
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so but the point is if you do have some
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disposable money to throw at something
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and see if it sticks
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i think looking at ethereum classic and
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and looking at
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all the noob qualities that it has that
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noobs like
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and just think if they think the next
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coin to pump
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uh you know after dogecoin when they're
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trying to consider what it could be it
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could very easily be ethereum classic it
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makes so much sense
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and i don't want to miss out the same
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way i guess i got dogecoin fomo at this
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point
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i don't want to miss out on gigantic
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gains based
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on um logical reasoning like i do with
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dogecoin now i certainly made some money
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with dogecoin but
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could have been a lot more for sure
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sorry guys i want to know your opinions
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on that
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let me know if you think ethereum
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classic is the next dogecoin
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i want to know what you think about the
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price of bitcoin are you going to short
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it in a bear market don't forget to
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check out boycotter.com
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deals get our best deals at the top drop
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all your comments down below
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that's all i got have a good saturday be
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blessed bye
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