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Bitcoin and Crypto State of the Union - LIVE - Bitcoin TA - the Triple Bottom

https://www.patreon.com/InvestAnswers #Bitcoin #Ethereum #BinanceSmartChain #Tesla #InflationBets #Bonds Live: Bitcoin and Crypto Market - State of the Union 0:00 Intro 0:10 IA Patreons Are Rockin’ It Come join us at: Patreon.com / InvestAnswers 0:20 The opinions expressed in the video are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is only intended to provide education about the financial industry. 1:00 Triple Bottom Solid Support 31,300 to 31,600 Level Pre existing downtrend Equally spaced Form horizontal support line 2:00 Bitcoin Triple Bottom Perfect triple bottom but critical to stay above 30K. If we crash thru 30K we could see 28K or even 25K but I believe it will be bought up by the big money who has been waiting on the sidelines. 3:00 Plan B S2F - Worst Case Scenario Aug 47K Sep 43K Oct 63K Nov 98K Dec 135K When Fed indicates it will raise rates it strengthens dollar EV = $143,009 105K votes, 60% believe BTC will be above 100K. . The exp value of all of these scenarios is $143009!!! Cal by xing % by value 4:00 Smartest Investors Are Buying: 0.00438% Stanley Druckenmiller, Ray Dalio, Paul Tudor Jones, Jack Dorsey, Michael Saylor, Cathie Wood, Bill Miller, Elon Musk 5:00 Saylor Buy Another 13,000 coins Adding another 26,000 coins soon Avg cost $37,617 Could have 129,000 BTC soon Game theory $1BN more on the way ie another 26,000 coins bringing tally up to 129K 6:00 Robert Breedlove Great video on FIAT Freedom Bitcoin Valuation models 307K in Oct 12.5M in 2031 ($1M in real PP terms) 7:00 Risk My only concern for downside risk is if we get a major correction in equities which will pull BTC price downwards no matter what the on-chain fundamentals may suggest. Noticing USD strength on the DXY (US dollar index), which suggests some investors moving to safety in the USD. 8:00 Pretend it is for AML and Envt Truth is it is about control, fighting capital flight and supporting Digital Yuan Full China Shutdown 9:00 Digital Yuan Threatens Freedom China wants global control Global reserve currency They can strong arm markets Now is the time to strike as $ is weak CDBC is a penchant for social control 10:00 China Miners They were shut down They need to sell BTC to fund migration The world has open arms Mining rigs are a rare commodity Mining is becoming more green by the day 11:00 In Other Communist Warnings CB don’t give advice But here we do Fake Gold Rush Danger Nabiullina is optimistic about the digital ruble See any similarities? 12:00 Bitcoin and Freedom “Bitcoin is the real Occupy Wall Street” Julian Assange is locked up now 3 yrs in UK toughest prison China crackdown is about control Only way to stop Bitcoin is to go after the person 13:00 Bitcoin and Britain!!! 14:00 Exchange News - ByBit and Kucoin

Comments

Anonymous

Gotta go to yoga! Catch you later

Anonymous

Heading to a virtual drive by birthday party

Anonymous

The prices are getting serious now

Anonymous

My first rodeo here. Must admit the FUD is getting to me.

Anonymous

Just try to remember, holding through multiple halving cycles should be the goal. Selling in the short term won't help accomplish that goal.

Anonymous

Great! I just bought ETHE (Grayscale) today

Anonymous

HODL me, JImbo... I'm frightened.... Just kidding. Dropped my DCA substantially over the past few weeks. Thanks!!!

Anonymous

As miners go offline in China will the #hashrate go down temporarily until miners relocate? It may take months to exit China and open up shop again.

Anonymous

I'll be watching this first thing in the morning at bedtime in the UK! Reading the comments re. FUD, it IS unnerving. Try to remember when in doubt, zoom out! FUD is all short term. It's not even new FUD, but circa 2017 FUD!

Anonymous

Watching from the UK

Anonymous

Solana down 24%???

Anonymous

Great title!!

Anonymous

Something serious has to be happening. Can this truly be from FUD? Has to be big whales shuffling money around.

Anonymous

we hear you James

Anonymous

Good day sir...Not looking for investment advice...In saying that ...I am sitting on some liq. today and my gut is telling me to wait until Saturday...Would you wait and moreso...would you favor BTC or (LTC, DOT or ADA)...Of course, price point would determine the choice of alt so I am saying BTC or Alt sir?

Anonymous

Kevin Svenson is talking about "three peaks and a domed house". My two favourite youtubers in agreement:)

Anonymous

Bought my first batch of Solana at 30. Looked like a good price till it went down to 27:/

Anonymous

great call on the triple bottom!

Anonymous

69 days ago bitcoin was at a all time high. 69 days from today is august 29th. Just imagine what 2 months from now can do

Anonymous

I'm a wholecoiner and working on my second via mining.

Anonymous

Omg James the bit about communist countries really hit me. Thank you for sharing your knowledge and how you think 🙏🏻

Anonymous

Don't neglect the big picture! a $3 difference may seem inconsequential in 5-10 years...unless your trading ;-)

Anonymous

no, crypto is on sale!

Anonymous

James you mentioned 28000 can you explain

Anonymous

just say to yourself what would Michael Saylor do...

Anonymous

Should I move my BTC and ETH on Coinbase to cold storage platform? Is BlockFi a good choice?

Anonymous

Hi, As I asked yesterday, currently I only have 8% dry powder left after I got  too enthusiastic during this dip. So you suggested 15%, then I need to sell off to get some when market goes up a bit to get back there. When should i use my dry powder and what % per time should i use to buy? And when to fill it up again? Should the % dry powder be connected to the current value or what i put in? Thank you in advance/ Joel from Stockholm, Sweden

Anonymous

James had mentioned in a previous live 2 weeks ago that up to 500k on an exchange such as coinbase should be ok before seriously considering other options. But I did hear James say "not your keys, not your coins" on today's video and am now wondering James if you have an updated opinion on this? 🙏🏻

Anonymous

I am tryint to decide what alts to dabble in and where the weighting should be. high in ada right now

Anonymous

Thanks for the therapy session! Great Q&amp;A as always :)

InvestAnswers

Hey Paul, virtual hugs coming yuor way. Zone out - come back in 3 months. All will be fine

InvestAnswers

Hashrate difficulty readjusts and that is one of the many beauties of this Presteigne protocol.

InvestAnswers

I hope I did not come off too anti-communist but they are losing control.... and they do not like it. Got Some Digital Rubles???? :D

InvestAnswers

if we break thru 30K - which is the last bastion of solid support we could wick down quickly to 28K or even a tad lower

Anonymous

Good gig James/ close to 3/thank you

Anonymous

I have been travelling to China a few times per year for work. I have seen all the FUD from the government with their half hearted crypto bans. This time it is for real. It seems to me, as James stated, that the Chinese government wants no crypto but their crypto……. But as the miners move to other countries, the source of their electricity will become easier to determine and hopefully greener. There will be no more environmental FUD. Moving miners out of China may eventually help the price

Anonymous

Great analysis and content. Hopeful.

Anonymous

James, I am happy to announce I am a ONE FULL Bitcoiner....!!! I have been DCA heavily since Oct 2020. Thanks for all your analysis and proud to be a Patreon member... Michael from Los Angeles, Ca USA

Anonymous

I feel good knowing that I've been able to take advantage of the recent dips. The fundamental issues have not changed. As such, BTC is my best option.

Anonymous

Holding about 4 coins (derivatives included), with today's drop, happy to say I am now a 5 coiner and I WILL continue to BUY the dip. The charts don't lie, BTCUSDSHORTS dropped 87.7% via Bitfinex (at the time of this comment) from ATH (yes higher than during the COVID crash). Do not follow the herd, this is the time to build and accumulate.

Anonymous

BTC 60% ETH 40% is this ok or better to have a bigger BTC%?

Ricoboy

You should do a video on how to be a millionaire on ChainLink..😊

Anonymous

I'd love the benefits of a wash sale right now. How long do you have to wait until you buy back in? Would love any sources on that. I've read, you should wait a day to be safe with the IRS that it's a legitimate sale. But a lot can happen in a day.

Anonymous

For the record 1 week ago when Bitcoin was 40,000 plus Brian Jung said he expected a pull back to 30-33k. He didn’t mention a triple bottom, but he was following the Wyckoff Accumulation Model.

Anonymous

Up to 1/4 BTC and 2.5 ETH, checking the couch cushions, returning bottles, cracking the piggy bank to find some more cash to get in at these prices. It looks like we're holding at $31k..keep holding! James, loving this group. Thanks for all you do, you're a good guy.

Anonymous

Thanks for all you do James - have been a huge fan since discovering you on YouTube. Recently became a Patreon supporter, and even more recently (yesterday) ... became a whole coiner! Please continue fighting the good fight! Cheers, Bren

Anonymous

I’m glad I found your page when I was looking into MSTR. I got somewhat burned in the 2017 crypto crash and have touched crypto until I found your page. The content you make are great and well thought of. I’m also happy to announce that I’m a whole coiner! Thanks for all that your do!

Anonymous

Would a personal loan from a bank right now be a good idea since it's such a rare price for Bitcoin right now? (15 percent chance of it being this cheap) I'm asking because it would bring me up to 3 whole coins.

Anonymous

Great state of the union address James! Human nature always naturally gravitates to FUD. A healthy environment like your's keeps us realistic and calm. I can't wait to hear which animal we've help to sponsor next! :) Stay safe pal

Anonymous

Great vid! Thanks

Anonymous

what can I say, thanks to you James and everyone here I am a whole coiner too since last night.

Anonymous

James thank you all your content. You are a calming voice of reason in these crazy times. Why are these big institutions able to buy BTC (OTC)? Why not spot like the rest of us? If more retail investor knew who was buying or big whales like MSTR showed there buys the maker sentiment might not look so down.

Anonymous

What about Michael Burry? He is pretty outspoken against Crypto...

Anonymous

James, can you please take a look and share your thoughts on this article on Bitcoin security? https://danhedl.medium.com/bitcoins-security-is-fine-93391d9b61a8

Anonymous

Only if you can afford to pay the off bank loan should BTC not move in the direction you want. Don't risk bankruptcy for 'what might be'. Just my advice ;)

Anonymous

Ughh! Just dropped below $30K. I need a hug.

Anonymous

I just became a whole coiner. The information on this channel is outstanding . Thank you for all you do James.

Anonymous

The triple bottom wasnt the bottom

Anonymous

I have some dry powder sitting in a retirement account. I'll be watching GBTC price today for a buying opportunity. I'm still nervous - but don't want to miss this opportunity.

Anonymous

What is the next support level?

Anonymous

Looks like we are taking another dive today. Still watching for a good entry point to get some more ETH or BTC. Not sure which!

Anonymous

ETH gas prices are on the rise so HODL ! https://www.gasnow.org/ If I can by another BTC with my remaining dry powder that would be great.

Anonymous

I was very calm all the time till today, but BTC below eur 25k makes me really scared…

Anonymous

Hi James What's your stance on your stocks like Teladoc, Invitae etc not making money and inflation? You are saying you disagree with Cathie Wood on this so I would be interested to learn your rationale behind your stock pickings?

Anonymous

This is a bear market. Be in no doubt.

Anonymous

Back the truck up! Might not be much but stacking some Sats today. HODL friends!

Anonymous

The rest still to come?

Anonymous

What does everyone think to this? Apparently, this guy has been trading BTC for a very long time. He says, the worst case scenario is $15k based on the current weekly pattern but, not likely. https://www.youtube.com/watch?v=DgVu5k9C1KI

Anonymous

(Just for giggles) I wonder after the Chinese Bitcoin mining companies move they will hire Rowan as the master miner employee. https://www.youtube.com/watch?v=8EoxggHmWxY

Anonymous

Well, we couldn't imagine below 40 as it is unlikely, then below 36 as it is not realistic due to good news, then below 31 as big support.. So, its obvious those playing with prices can do 15k too. And the more the economy collapses, and more people think of bitcoin the effort to push and ban will be bigger. I told several times, stock market is in bubble, so when comes back, BTC and whole crypto will be hit again. Not to tell delta variants and further lockdowns, global warming, cyber attacks, etc. If war is being done for some oil facilities, I can imagine actions taken to withold people from crypto.

Anonymous

Up is more fun than down

Anonymous

@Simon, apart from pointing to BTC's current price, do you have a technical-based or fact-based argument to back up your statement, and to contradict on-chain analysis and the model chart indicated in the link below? https://twitter.com/RalphHodlBTC/status/1406581199435300866/photo/1