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Why is Bitcoin Crashing? Reasons of Cryptocurrency Market Crash | ChinaBan on Cryptocurrency - YouTube
Channel: Pushkar Raj Thakur: Business Coach
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So before I start this video, I will quickly turn
on the screen recording of my phone because
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what I am about to show you is very shocking
and what you are about to watch, you will
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see something and understand something and
what I want to explain to you, It will blow
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your senses, then at the moment you look at
the screen and now see that all the cryptocurrency
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from bitcoins to dogecoins all are breaking,
only USDT is not breaking, because it has
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USD support behind it. Otherwise, it moves
according to USD and all the other cryptocurrencies
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are breaking. Why it is happening is a big
question that the whole cryptocurrency market
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is crashing. Let me also give you more important
information. Within the last 7 days, $ 600
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billion has been and it means that cash has
come into people's pockets. But you know the
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video I am making, we are making it in the
evening and what Happened within the last
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2 hours. What happened, In just the last 2
hours,
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people have sold $ 500 billion out of fear.
These $600 billion are withdrawn from 7000
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token coins. And from this whole cryptocurrency
market $,1100 billion has been withdrawn.
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So what is 1100 billion dollars one billion
dollars is 7.5 thousand crores if the dollar
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is 75? now calculate in front of you
I said 7500 crores, so it is one billion*1100,
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can you see this is this much of money, you
purchased 10K and 50K or one lakh, what does
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it matter, it matters. Now I tell you, what
is going on. If you are thinking that the
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market is crashing, we should sell it.
Before that, go to Google and write Fear and
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Greed Index, now what is this Fear and Greed
Index? Write, a website comes in front of
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you, then click it and just you are going
to see something. You are going to see something
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very important. Here's the fear Index coming
up right now is 31, which means people are
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scared, too scared. Now when the sentiment
is created out of fear in the Market, what
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do people do, people sell, people sell. And
that's what rich people want. You must have
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heard that the rich people, want to suck the
blood of the poor, have you heard that how
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do they suck especially inside cryptocurrency,
well, no one will give you this information,
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but I am telling you that what is happening
so there is a strategy in the Crypto Currency,
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which we called Pumping and Dumping Strategy.
Now, what is Pumping and Dumping? An atmosphere
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of fear is created. China banned cryptocurrency,
as it did earlier. So, why this news is being
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raised more in the market right now, because
rich people want you to lose your money. Rich
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people want you to leave your money, forget
it, the loss is done, book the loss and if
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you do It, you take a look at the graph of
any cryptocurrency. You will see that first
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went up then went down. Then went up then
went down. In this way, you will see this
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graph and then this is what you see that the
market has lost 30%. From here so many markets
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crashed. Then what shall we do? You see this
graph, the graph is going up mostly on cryptocurrency.
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I am talking about those whose market cap
is high. I am not talking about small tokens,
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but you will see that graph. What happens,
whenever a cryptocurrency starts, its promoters
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want it to multiply. It should be 10 times
or 100 times so that people say that this
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much money is increasing. We will put money
and people start putting money here and that's
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when their money increases. You saw it a while
back, Bitcoin was 45 lakh, so now people say
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that if it goes up more than it, we will not
buy it, because it is very expensive. So what
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they want is to drop its price, by which we
buy people, but if people buy and the price
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is to be dropped, then people will also suffer
and that is what they want, they sell their
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coins, so what do you think? How many coins
you have, you have nothing.
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As much as a promoter of that coin has, now
who are these. I will tell you in upcoming
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videos. I told you that I am going to give
you some deep information on cryptocurrency,
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then what I am telling you here. Just see
this, if they sell here Market breaks. It
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seems that the market is crashing and people
come here and sell them, sell it and
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They sell it and the rich people see that
this is the buying opportunity because Warren
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Buffett has a very good rule, have a quote
which he always says that be fearful when
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everybody is greedy and be greedy when everybody
is fearful. Are people fearful now or are
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they greedy, you will say that they are fearful,
then what should we do according to the warrant
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Buffet? It doesn't mean that you just go and
buy now, look, maybe the market will go down
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further and go down a little but if it starts
forming a little support. If it starts coming
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up, people will have booked a lot of their
loss. You will buy it here. I made a video
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earlier on the video on bitcoin and trading
and I said that people make mistakes. They
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always buy at all-time highs and then their
loss happens and the market also crashes at
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that time. I will give you a link on the I
button you can see that the market was crashing
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at that time and after that time the number
of people who invested, their money Increased.
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But people who become greedy, when you look
at the index. I have shown you hear fear and
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greed index when you see that people are getting
greedy at that time sell it
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Play this in such a way that I will trade
and book profit and that is it. That profit
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came, sell it. What I did, let me tell you.
What I talked about in that video in front
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of you is that when I took the dogecoin, then
its rate was Approximately 24 or 26, so people
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felt that 24 and 26 are too much. I knew that
it would go up a bit because Elon Musk is
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lying behind and promoting, then the rate
came to 36, but I sold it on 36 because After
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that the position that will be formed will
become ₹ 50. It turned 50 plus. But now
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people are greedy and I was looking at the
index because people were getting greedy,
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then I sold it because I got very fearful
that anything can happen after here. Now,
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this bitcoin has hit ₹20 again. So, We have
to buy now, the answer is no. Relax, just
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see what the market is happening. Maybe it
will go down more but if you want to buy then
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buy because it is not very long term. You
are doing this because you think that you
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will make some money, so buy it when it is
down, because it might rise and which coins,
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whose market cap is more, are being marketed.
People invest in such coins that they have
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not even heard the name that it is increasing
and when it is increasing then there is a
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loss from there. Here comes the final point
that if you invest in any cryptocurrency,
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then how much money should be invested, this
is a big question, only as much as you are
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ready to lose because if you think that this
money does not matter to me. If you think
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that ₹100 matters for me, then invest only
₹ 100, why do you just put
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₹ 10,000, because you are greedy that my
10000 will become 50000 and 100 will become
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500 or ₹ 200. It doesn't matter, you did
It for fun, It made a lot of difference. So,
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Now it comes that if we want to invest in
today's date in CryptoCurrency then where
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to do it. See, there are many platforms, but
I would like to tell you that there is a platform
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called CoinDCX | Go, which are also sponsors
of today's video. Just now that I showed you
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the app, I showed you their platform. Now
by going to their app, you can buy any bitcoin
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and or whatever popular coins are, and you
can see many coins here. For example, you
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want to buy bitcoin, you want to buy only
for ₹ 10, you can purchase BTC for ₹ 10,
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as you swipe to buy, that is, you bought BTC.
The biggest thing is that if you are buying
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then whatever cryptocurrency you have, remains
insured because it is insured then you can
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trust. Finally, you will remember it here,
because the bitcoin market is risky, it is
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a volatile market. It can go up and down a
lot. Profits can be very high and loss can
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be very high. But the loss will be there,
only when you will sell. Now the question
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comes that many such people can lose their
money, so what to do now, just see, if you
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do not lose want to your money. So don't sell now,
you see, if you have bought dogecoin for ₹ 50
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then your heart must be hurting a lot. A heart
attack will come, If it becomes ₹20 within
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a day or two my money is reduced to less than
half. Who told you to buy it here? You only
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felt that it would grow but it did not. Now
here if you put only as much money as you
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are ready to lose, that I can lose then it
will not make any difference. But if you put
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more amount in the greed. You will lose your
money if you will sell and if you will not
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sell, it might grow. So see, Warren Buffett
has a rule, don't lose your money and the
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second rule is
that see rule number one that we don't have
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to lose our money.
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So where the whole market is attached, that sells
it, I do not know what will happen next. This
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is what rich people want you to sell and they
will buy from here. Now in some time, it may
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happen that you will see that the entire cryptocurrency
market will revive and it will. You see about
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waves of Corona that how the waves of Corona
is going on,
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The first wave came, then the second wave
third wave, many waves of cryptocurrency are
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yet to come. Its end has not come yet, so
it will not happen that everything is over.
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Money lost, it will not happen. If you put
money somewhere, you buy stocks and wait for
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a little. Don't lose your money. I don't want
you to lose your money. That is it, If you
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like this video then share it soon. If you
want to download the application of CoinDCX,
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then you can download this video by going
to the description and comment box. To give
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love, give a like to this video and if you
have any question ask in the comments below
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and I'll tell you if you want to invest and
what you should see, how to do fundamentals,
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what technicals to see, if you want me to
make videos on that then tell me in the comments.
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I will see you in the next video till the
time you go self made.
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