cover of episode 🚨BITCOIN PUMPS TO $81K, & ALTCOINS RIP! CARDANO & DOGECOIN MAKE HUGE GAINS!

🚨BITCOIN PUMPS TO $81K, & ALTCOINS RIP! CARDANO & DOGECOIN MAKE HUGE GAINS!

2024/11/11
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Thinking Crypto News & Interviews

Chapters

Bitcoin's recent surge past $81,000 is discussed, along with the importance of having a plan and understanding market volatility.
  • Bitcoin reached $81,259 at the time of recording.
  • The market is in a phase of price discovery with potential for further gains.
  • Investors should have a strategy for taking profits and reinvesting in bear markets.

Shownotes Transcript

Translations:
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The crypto bull market is raging right now, with bitcoin blasting through eighty one thousand dollars heading to eighty two, with all coins making epic gains cardono and dog coins seeing massive gains over the past seven days. And I want to share what Charles husk and son is saying about working with the trumpet administration on cypher policy for twenty twenty five. And he's looking to build a relationship back with the X R.

P. community. I'll give me the details. Let's get into IT. Hey everybody, welcome into the thinking cyp to podcast your home for crypto currency news and interviews on your host tony Edward on your way in please that that subscribe button as well that thugs up butter and leave a comment below if you're listening on a podcast platform such a spotify apple, please leave a five star rating and review folk's bitcoin has been on a tear today, blasting through eighty one thousand dollars, and even earlier in the day, blast through eighty.

So right now, at the time of recording inside eighty one thousand two hundred and fifty nine dollars, looking like he wants to go to eighty two, which is my Price target, you guys i've seen IT in my news letter. I've been talking about IT, and that's where we could see a small pullback. Remember, this thing doesn't go in a straight line.

Bitcoin will hit over bot zone along the way doesn't mean the world markets over. If you go back and look historically, he goes in phases. There are epic pumps, pull backs, s build support levels, then pump again right until we reached the block top. Uh, you should notice by now you should go on trading view.

I've been sharing IT in the news letter on the channel and much more is very important for you to understand that because the volatility is very high in this critter acid class, right? So sometimes you have huge swings up, but also huge swings down. And if you using the technical of a charge, you may think, oh no, this thing is done with run foot hills.

But that's where you have to leave your emotions at the door. End up pay attention to the charts in the data, which i'm anna share with you here. But big coin guys is in Price discovery IT closed the weak, super bullish.

I mean, the support level that we were looking forward to close is like above seventy one thousand IT close above eighty. I me, come on, that's incorrect ble. So the board market is so much fun, but once again, IT doesn't last forever.

So this is why I keep harping on have a plan, know which Price points are taking profits at, don't listen to people who tell you don't take profit because a bare market will return. Many times the people who tell you don't take profit, they don't show you their prof you, they don't show you their financial situation. And many times they're so anonymous they hide behind a comment.

So you don't know who IT is, right? But what they're doing, they don't want you to sell, but they're going to sell, right? And this is where you have to be careful, stick to your plan, know what you're going to do um and i've told you guys what my plan is, take profits.

There are some bacon i'm never selling upset that many times, but take profits and reinvest some of IT back in the bloody bear market because the bear market will return. So bitcoin doing epic things, guys, I here's what kill of friends and had to say about bitcoin moving to a hundred k this quarter. He said bitcoin needs to gain uh, plus twenty four point four percent to cross uh, one hundred thousand doors.

So we're less than twenty five percent away from one hundred thousand dollars. He says big one is up plus twenty seven point eight percent since october four teen to twenty twenty four so pretty incredible, right? When you put IT in percentages in the numbers, you see we're not far away and hear coins, kid, uh, highlighted.

This is my micro o feb oi targets for bitcoin. If we see bitcoin smash through the minimal eighty two k target. These are the micro fips on the monthly time frame to plot Price discovery resistance for big coin.

So he's highlighting the one point six one eight. Is that about one hundred and fifty thousand dollars? So h he shows the different, different actually level. And this is why you want to look at the data in the charge, right? And these patterns, they're not one hundred percent perfect, but they're at least Better than going which you're gut or your emotions because markets will play with your emotions.

And this is why you need to look at the data, what's happening, volume cell pressure metrics like the following that I look at the py cycle top indicator when they were close to IT, where we're on the way up towards that cross, but we're nowhere closer the top. So we still have ways to go. Uh, in addition, we're seeing that supply biton supply and exchanges continues to dump.

That's a very good sign. That means whales are not moving their coins back on the exchanges to sell like we saw earlier this year in twenty twenty before when the big E, T, S. Were launched and the Price went up to about seventy three thousand.

Guess what the whales are doing putting their coins back on the exchanges to self. So once again, this is why you want to look at data so important. Um in addition, we continue to see that accounts or wallet, I should say, with ten or more big coin and usually this is sharks and whales that continues to Spike in.

This data brought you by sentiment, which is a partner of the pod test. You can check out the link in the description. So once again, we're looking at data to validate our thesis here and here on google trends, searches for bitcoin and clipped to are up.

So that means retailers waking up, but it's nowhere near the of levels of previous boul markets like, let's say, twenty twenty and twenty twenty one. It's not there yet. So let's look at ways to go, guys.

The authorities hasn't hit the masses as yet. I personally think once bitcoin hits one hundred thousand dollars stack, beautiful round number, that psychologically a lot of people gravitate. You know what's gonna happen? Formal mass media coverage.

But that's where you want to be exciting or starts your exciting and and that's what i'm gonna do. You don't have to follow me, but i'm sharing the principles, the fundamentals of how smart money Operate by low, high and as big pumping guys. Uh, all points are moving significantly.

So let's take a look at some of them etherium. Thirty two hundred dollars, up thirty percent over the past seven days salona up near thirty percent as well. It's curtaining at two hundred and ten dollars.

B N B at six hundred and forty uh, up about fourteen point five one percent doge coin. Look at this ripping IT is in the number six spot right now. Guys, IT is up ninety five percent over the last seven days.

That's wild. X R, P, fifty nine cents up, uh, just over seventeen percent. But cardono has been ripping here at number nine, uh, at fifty nine cents, but up near a seventy nine percent over the past seven days.

Incredible gains, right? And this once again, this is just a start. The liquidity will start cycling through different all coins are going to move.

So really, really buller stuff. And I want to share something, one user tweet out and I think it's a great sentiment. You survive stable points the pegging.

You survived a multi year anti crypto campaign while your portfolio was down eighty five percent of the heights. You deserve this. So this is where I i've talked about being patient.

You guys know right? I've been being the drum B, I hear, be paid, be patient, dollar cost average, buy the blood on the streets and the markets moving cycles. They will return, guys.

But you have to position yourself. You don't want to be part of the dumb money crowd who are not researching, were not financially educated and they just read headlines and formal win. But look, we can control that that this is you, anna.

Leave that crowd and you want to educate yourself, right? Knowledge, power. But guys, your patients will be rewarded. And I hope you start to see some of that reward already uh really, really up itself happening here in this market.

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cross averaging, buying the laws and huddling and being patient. Remember the doge coin millionaire? He calls himself slum dog millionaire and twitter, he said his portfolio is back up significantly.

He said he primarily holds a doge coin in ada so his portfolio back in the millions uh, but he didn't dump when his portfolio dropped about fifty k in the bloody bear market, he didn't dump and he said he bought more and now he's up. So guys, this is why pays to understand the market, be financial educated by the dips and hodder. So he shared a screen shot.

He's back in the millions again and very credible stuff. I think it's IT looks like its portfolio over five million dollars with the combination of doing um as well as uh a now guys quick work from our sponsor and that is we chain, which is one of the top layer one enterprise block chains that uses more contract technology. Uh, they work with many different brains and companies building web 3 technology。

I've been a vt token holder for years. Many of you know i'm bullish on this project is actually moving right now Price wise, but some of the key features of the v chain block chain includes its secure, affordable, scalable, fast and sustainable. And some of the key partnerships are a hive on G P, W C.

That's one of the top four accounting firms in the world. Sams club. Are they working with walmart, china B M W and also boston consulting group? If you like to learn more about v chain, go to v chain out org. Link will be in the description. Now guys, we get some very interesting statements coming from Charles hossein son, who's the founder cardono.

Of course, he said he is working with the trumpet administration on cycle policy in twenty twenty five, and he also said that he is looking to rebuild the relationship with the X, R, P community and wants to participate with the R L U S sail coins. Um it's important to note before I play the clip, that cardono is doing some collaboration with bitcoin a cardono tapes, a bitcoin O S the integrate bitcoin liquidity into its defy equity stem using zero knowledge pictograph for a secure crossing functionality. So let me play the clip hair .

from Charles second. A large part of my time in twenty twenty five will also be devoted to the political process. I'm going to be spending quite bit of time working with lawmakers in washington, D. C. And quite a bit of time working with members of the administration uh to help Foster and facilitate with other key leaders and industry, uh, the encrypt policy, we have to do this and we have to get that done. There is a very high probability that the republicans will control not only the senate and the presidency, but also the congress, the house, and in the process of doing so.

This is the best opportunity we have ever had in the history of the industry to get clarity for our industry and remove the sort of demo s that the esc has rained over the cardono ecosystem and rip ecosystem. The a theoria ecosystem rained over salona, rained over all the major ecosystems. And actually including bitcoin and meta respects, despite the etf approvals, none of us signed up to have companies like black rock dictate to the united states what the cypher policy should be.

The crypto policy should be written by the american people, the american crypto o industry, and by well meaning lawmakers who are willing to take the time to listen. So we will establish at input output of policy office, and we're going to a begin staff in that office, moving some personnel around. And hopefully by january, we can begin to participate in that process and work with certain key leaders in certain key positions and get to a point where we can hybridize many of the proposals, including fit twenty one, including the latest bill F I A and other such things h so that we can get a bypass and bill past that will give us absolute clarity of when things are. Securities and commodities help us navigate the often to motus and chaotic waters of dey and get us to a point where we can get back to business.

So great to hear that Charles is doing this. I think we need more of the industry leaders to do this, the work with the government to get clear regulations, put the proper garbage in place, because we need to protect consumers, but also Foster innovation. Guys, I I, I hope you see what happened here.

Brighter days are ahead for this industry. With against gona be kicked out. Elizabeth warn has been disarmed. And, uh, we're going to have some proscriptive people coming into these agencies.

And we have the most proper pal congress that can be going into office um and obviously appropriate to the president. So incredible stuff guys. I am so bullish.

I'm expecting to make some really nice returns as we head into the remainder this parabolic phase. Remember guys, there will be a top, so have a plan. Let's jump in to some other news.

A sixteen z crypto says tokens will likely be legitimate and lawful under new regulation. So guys eight six inc, one of the largest hedge ones and investment firms out there headed up by mark and Jason, who is building netscape back in the nineties. right? Go research them.

Very smart people doing amazing things and they're very connected, very, very connected. Uh, so impose some a six in these cycle. Policy and regulations team this discussing the ramifications of trust reelection says it's too early to predict specific regulations, but founders should expect a less hostile regulatory environment.

Founders can now feel empower to explore all the ground breaking products and services that block kjs enable, including tokens, the post states. So you know they're gna do their part to influence these things. And uh they they have a lot of connections with the government and the investing world.

So important to keep in I on what they're doing. A final news item here, parities Y X partners in version will give a crato maker with traditional businesses. So web three investors and expertise y capital partners santiago role cenote announced the launch of inversion capital, a new private equity fund design to acquire traditional businesses and transform their Operations by adopting cyp.

Do this absolutely makes sense because you're gonna have certain companies that are gonna come irrelevant due to the transition to block chain and cyp du and so forth. However, uh, if you going to buy them up and and essentially uh, update their products and services, their business model using the technology, there's an opportunity here. So this is smart.

This is something I would do actually, you know, if everything aligned business wise and so what but I think about IT right there is going to be a lot of web two companies. They're gona become irrelevant. But if they can transform room cells, they can avoid their blockbuster moment so they have to adapt.

And um look, there's nothing wrong with uh, getting bought out as well. You know you're a big web 3 company。 You are fun comes long.

They want to buy and do things not wrong with that, right? That's a big part of the entrepreneurial ney. So I actually think this makes sense.

This is only going to help the crypto market and an industry grow. So really great stuff here or guys, let me know you think. Leave those and comments below a great way.

You can support me in the pot taxes by signing up for my free email. Loser on substance, one hundred percent free. Also, be sure to grab a copy my book rethinking crypto s available on amazon and paper back in digital.

Buy a copy for yourself, buy a few copies for your friends and family, give them as give this holiday, uh, help them to learn about crypto as this bull market continues. Don't let them get react right. Give them the book.

Let them learn the past, present and future of Crystal. What happened with F, T, X, and why that was not crypto o, i've often stated knowledges power. So help them to navigate this, this market.

And the book includes tips for investing in the market guy, so be sure to grab a copy. A link will be a description. If you bought a copy ready, please leave a rating and review on amazon.

IT will really help up my rankings. Thank you so much. I appreciate you all, and i'll talk to you all later.

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Black friday is coming. And for the adults in your life who love the coolest toys, well, there is something for them this year too. Martin is the premier craft cocktail maker that automatically makes more than sixty seasonal and classic cocktails each on the thirty seconds at the push of a button.

And right now, but teaching is having a huge cycle de sale. You can get one hundred dollars of any cocktail maker or cocktail ball when you spend four dollars more. If talk tail lover in your life has been good this year, all the right kind of bad get 不是 爸爸 make about quality Cosmopolitans Martins, manhattan s and all in just study seconds, all for a hundred of amazing toys are just for kids. Get one hundred off a cocktail maker when you spend four hundred to cyber monday visit about teaching outcomes as cocktail that B A R T E S I A N that comes flash cocktail.