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@aantonop is one of the top BTC specialists and he disagrees. He thinks BTC would not be a good hedge against a bad economy.
Also bitcoin is a hedge against INFLATION, not stock market movements.
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That comparison BTC – Market should have been Indexed Base 100
Bitcoin is being attacked in the same way gold is suppressed. Fiat money itself is in trouble at the moment.
Bitcoin sudden crash which saw it go below $6000 within minutes erased all the gains it made heading into the year 2020. But in reality, this is another opportunity to buy the dip and then trade to accumulate and increase your portfolio. I have been trading this past six month with trade signals from Nathan Trueman, his signals are so accurate I have made an average of at least 4 btc every month for the last six months. I urge well established and experienced traders to provide services such as these for the ever-growing population of bitcoin traders meanwhile Nathan is one I highly recommend and he can be reached through * WhatsApp (+44) 7723984457 or Telegram (@nathantrueman) * for more inquiries into his trade signal provision services.
"BTC chart looks FANTASTIC"
Can’t wait for the next vid saying I will delete this video and I was Wong Wong Wong. Yes not wrong.. worse
And no it didn’t it crashed too 5700. Ya didn’t see this hammer coming. Or did we see the stock market telling us we fooooooked
You could not be more wrong, you just became one of them moonboys and got rekkt accordingly. Useless content. Unsibscribed.
Going to 2k sir
Btc As a safe haven kind of went out the window when gold pumped and bitcoin dumps with the stock market. It was kind of disappointing to see because I kept thinking to myself that bitcoin would do really well if the stock market crashed or there was a crisis. Bitcoin failed that test so now I’m just back to trading it like I do my penny stocks. Pumps dumps but sell
How many BTC do the PlusToken crew have remaining ?
CoronaCoin
Plus token is just a part of the dump.. not all of them… dont listen to maxipads.. even if it goes to zero they will claiming it as a safe heaven…which is not.. btc is just a trading utility and nothing more.. long short long short rinse and repeat…
Plus Token is worth + – 3 billion
Since February 15, +- 110 billion have left the market
Blaming the Plus Token is ridiculous
I thought you were good
After all you are mediocre like the others
I just lost over 20k my whole life from the exodus wallet, they are easily hacked. I am so stressed broken I am old some young thief stole in minutes that took a lifetime to store I am now a believer in trezor ledger nano and other hardware wallets, had to ruin an old man's life, to the point that the stress from this might kill me and leave my poor wife alone, I can't bear to even tell her. Please be careful guys maybe if you are young you can make it up but the grief despair and stress could still ruin your life, cause you to lose your wife ruin the home of your children, I wouldn't want to see anyone go through the terror of seeing all your investments disappear…
Getting awful close to breaking that trend line of 7700
Told you.. you would come back to that
Bitcoin is currently respecting the golden pocket no?
The Whales will have huge losses if the price falls below 7.7k. They should buy all the Plus Token dumps to remain above it.
I don't think you're able to draw these conclusions between stock markets and the price of Bitcoin — the sample size is not large enough.
I’m holding bitcoin. But one main thing that needs to happen for price to rise, is for new money to come in. If we go into a recession, where would that new money come from?
The main difference between this halving and the next upcoming one is that those ones did not happen during a recession. I’m long term bullish, but I always like to just think of the opposing view so that I’m not blindsided. The opposing view being, what happens if bitcoin breaks the trend line before going into the recession, and breaks bearish.
Again. No FUD, but I think it’s important to think of all sides. Long term, I firmly believe that bitcoin will continually make ATH for the foreseeable future
Are you Interested in crypto currency?
Andreas antonopoulos : It could be a good hedge or it could not….It could go up or it could go down….Thanks Andreas profound analysis…??
This is a seriously good channel. To the point and excellent content.
That doesn't make sense for the plus token scammers to be selling all their bitcoins right now and doing it so fast so that the market crashes. Why not wait until a higher point in the next bull run?
All thanks to Mike I got 5BTC directly from +12395796274 mining software on WhatsApp
That upward sloping trend line can also be seen as the support line of the ascending broadening wedge which looks very similar to the one we saw from the 14k run
This channel is pure business and no bs, love it!
Its great u r still mentioning the bearish scenario.. sign of a professional.
Another great video
Guys +1(480)462-3395 is real I top up my bitcoin using him and I earn $1000 daily with the power of his top up machine
Though it's true that Bitcoin seems to be following the equities market at the moment, that doesn't mean that it always will. In other words, when the recession hits, we will then get a true understanding of how BTC will perform during this time. If BTC performs well, it may decouple from the equities market which would be a big boon for BTC and crypto. On the other hand, if BTC does not perform well then it will support the fact that it may be an asset to hop out of during economic downturns. Also, if it performs somewhere in between, then it can serve as a hedge during downturns.
Nice job!
OK so not a safe haven, not digital gold, not a hedge, not a usable currency, heavily manipulated, full of scams…. So what is it? Gambling for nerds?
Great analysis. I like your approach clarifying also that BTC, for this correction, did not respect any expected support (FIB) and stopped at the upper sloping trend line (for now). That is quite curious and interesting. Keep up with the great content!
It's simple: there are participants in the stock market overlapping those in the crypto market. Thus when the stock market crashes severely, they will affect the crypto market. A certain class of speculator has capitulated! This is also what Andreas implied
Kevin , you say bitcoin isn’t correlated to the stock market , rather a hedge against inflation ……
Seems a little ironic because the last 10 years of the stock market bull run has been funded by pure inflation(FED printing money ) …. ?
Great video Kev!
It’s pretty simple, you were all thought that btc is a hedge against situations like this. What a naive conclusion. Btc is a risky speculative asset, nothing else nothing more. Even gold gets sold during
Times likes this. Cash is king
Bitcoin is a “risk on asset” until further notice. I don’t know why this surprises anyone, it’s clear as day it follows the same trajectory as equities right now. Bitcoin is a currency inflation hedge, that’s it. If you buy bitcoin, you aren’t investing, you’re swapping a dying currency for the potential future of currency.
How would you invest your cash yet? 30% yet another 30% when above 9k or below the line and the last 40% above 10k or under 6k? That would very helpful Kevin. My First crypto channel that i make a Abo
I'm bearish and I am expecting another drop to $7400 by the weekend. Watch this space
Thanks Kev
Interesting stuff – more fiat printing is super bullish for BTC in the long term.
if there is a liquidity issue (because of debt) people will sell on everything to pay their bills, that doesn't mean they are correlated, it is an external factor hitting the markets that has nothing to do with BTC or stock market fundamentals but manipulated interest rates on the FED, we have to remove those swings to see what the actual charts looks like, unfortunatly this is very hard to do. To add an example to my point if dollar gets a 200% inflation then all markets will double or so in term of dollars, but that doesn't mean they are correlated, is only the dollar dropping in value, similar thing with the artificial FED produced debt cycles.
I ve been a troll to this guy before, but he has converted me
Coronavirus. Gov
More people know about gold. That's my opinion. Not enough new people would be buying bitcoin if the the world is in chaos. Even gold and silver tanked in 2008 during the financial crisis. Wasn't till 2011 that they ran.