Bitcoin's Worst Drop In 7 Years | Here's What We Know

42 Comments

1. Thanks for sharing. btc-recovery. com now offers Bitcoin and ethereum recovery services for those that have lost their Bitcoins to theft, lost password, deleted wallets, hardware failure, binary options frauds, fire ravage and any technical difficulties

2. This is most of the story – REPO market is the problem https://youtu.be/RvatzH7atsQ

3. Who would win?
   Some flu boy
   or
   The most popular crypto currency

4. All I'm gonna say here is….. If you were excited to buy Bitcoin at 8-9k, you should be ecstatic to buy at 5k.

5. I'm calling it, BTC is going down again this week-end !

6. Fear..will always do this. Buy now..you can profit off of others fears. Supermarkets do..

7. Question, can Plustoken keep feeding this sh*t back into the ecosystem via shorting on another exchange?

8. 14:45 Yea… margin, scams, Aliens, NWO, Big Foot are responsible for crashing Bitcoin, never ever allow a thought that it has always had weak fundamentals like being a bubble of people wanting to get rich quick.

9. Haha it’s just the beginning… get out btc can go to 000 … keep dreaming about recovery until the deep economy crisis hit you …

10. Good to know. Thanks for the insight.

11. the truth is that if you shit yourself yesterday, you are in too deep. Simple as that.
    "don't invest/gamble/risk more than you can afford to lose"
    remember that?
    good

12. Is it possible to stop this happening in the future tho?

13. Silver is looking like it has further downside risk…do you still believe it is due an explosive rally?

14. TA is useless here. The entire stock market crashed. This has nothing to do with crypto.

15. this is the best post analysis I've seen by far. Advantage of hindsight, but no one else has tied it together so clearly. Sound logic in a time of total panic is hugely comforting. This is what we need to hear and understand.

16. Holding strong after a swing trade that could have been much better. Particularly if i wasn't getting gouged by the fees on Procoinbase. Anyone have an exchange recommendation for an American in Nevada looking to be able to sell BTC for USD cash money (Bittrex doesn't work for NV and USD). Thank you for any suggestions.

17. you da man nick

18. 14:46 best summary ever thank you!

    I have about 1 btc and I refuse to sell even at 5 digits. I’m totally fine waiting a few years to see money from it. I believe in the technology!

19. Appreciate your vid again! On bond yields, what’s the difference in outcome between long term and short term yield growth vs decline? If the long term yields decline and short term grow what does that show/mean exactly?

20. Bought some more Bitcoin at the 4800 trendline. Also bought some beat up stocks.

21. This dip is proof that the banks were holding a lot of bitcoin. They had to sell it to buy collateral for their ever growing repo market loans because their corporate bonds aren’t good enough anymore. This isn’t global panic, this is the banks being liquidated out of their crypto.

22. I certainly did not anticipate this crazy selloff and yes it hurts.

23. well if bitcoin does drop to 1.2k, sell your house, sell your wife, kids, and both kidneys and go all in.

24. Thanks for share the news Nick, think it's an accurate point of view…and yes, it was a really bloody day in the market but, best time to buy is when there's blood on the streets right? If i had the cash i wouldn't hessitate a moment on long btc, eth or some altcoin, eventually we gonna surpase all levels so, gains.
    Think all this its a little stop to eventually continue growing even more an overextended market till blows. What do you say, could be?
    By the way, those negative yieldings…in Argentina the common is AT LEAST, more than %2 inflation per month so…and we still going lol unbelievable

25. I bought in at $4200 with my vacation money because they shut down all travel flights, I hope its worth it

26. Thank you and thank you Nic for the macro view. I always look forward to your videos. Happy to be part of this family.!

27. Bitcoin Daily is the other channel one I adore although he is moving more to 'Bitcoin weekly' or 'Bitcoin monthly' – but always very funny and informative at the same time and similar persistence in the crypto market as you have.

    No one compares to you in terms of overall capital market analyses and reliability. Simply priceless. Thank you so much!!!

28. When bitcoin corrected at the end of 2013 till 3rd quarter of 2015, it went down aprox. to the 78 fibonacci point and accumulated there for many months doing a swing and if we project that to the current correction is at around 4k dollar. But it could be even more down if it correct to next point which would be at around 2.5k. In my opinion, there should be a period of accumulation and stability to build a swing that should last some months before another bullish cycle. (But for now it could rebound close to 7k-8k before continuing the correction)

29. Nick, I just want to say thank you for providing all the great info. I've been watching your channel for a while and your perspective has helped me keep a clear head through the bad days. Stay healthy

30. Maccaaaaaasss

31. your resilience is outstanding! thanks for sharing 😀

32. Thanks for all you do Nick! Appreciate the video

33. 2 articles came out yesterday about a quantum leap in the process of building the first quantum computer which supposedly can be a threat to BTC encryption. Any chance some whales could have sold some of their coins due to this?

34. I just need crypto dad to tell me it will be okay.

35. This fall was an absolute blessing to buy BTC at 60% off its price a month ago….I had a great day!!

36. I think you made a good point in your other video about leverage. I wonder how many billions of market cap was purely people using leverage?

37. Thanks man.Now sleep some, it seems you need it.

38. Not only that Nick. COVID-19 is the major cause for this situation. Way more than anything else. Coinbase has a record set for transfers to bank accounts. People want liquidity/cash right now. That's why forex dollar is shining right now!

39. What evidence is there for plustoken no longer holding any bitcoin?

40. Gold assets are also dropping as well. I think bitcoin will come back up with gold.

41. Hi ! One question Nicholas, why isn´t anyone mentioning that the MA that supported the price was the Weekly MA300 ?

42. Thank u 4 beeing here since the begining, until now and in the future.

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