how much worse can it get for the altcoins with a significant sell-off being seen across Bitcoin and the altcoins over the past 48 Hours things are feeling pretty scary in the crypto markets and in this video I'm going to tell you exactly what you need to do to prepare for the next moves and what you should be doing to ensure that you are profitable during this bull market because right now it is more crucial than ever so do me a favor hit that like button let's get on with it now guys if you're like me
you probably opened up the Bitcoin chart this morning and thought things are looking pretty scary indeed with Bitcoin taking a dump around 11% we've seen many altcoins out there down 20 30 maybe even 40% and many of us have been absolutely decimated in the markets in the recent days so how much worse can it get and is this the end of the bull market and also what the hell should I do right now because the coins I've been buying in the last few weeks maybe are down significantly on where they were now let me go
through these questions one by one and I promise you if stick around to the end of this video you're going to be feeling much happier once more now Bitcoin as we can see is pulled back to a very key area and I use the term pullback rather than dump because I think one of the biggest problems in this bull market is influencers using words like dumping and crashing to try and scare you into watching videos but I'm trying to have a bit of calm today because that's what we really need isn't it now first things
first we need to understand why we saw this pullback and you're probably like well I already know it was this guy I'd never even heard of from the fomc giving this speech that for some reason crashed the crypto prices and you might be right okay that might have been the Catalyst but really what was actually behind this crash was the fact that you and me and lots of other people have been a bit too bullish recently we've all been buying the tops of coins we've been going in with overleveraged positions into coins we'd never even
heard of two days ago thinking that we can't possibly lose and guess what that makes for a very unstable market so any particular little shaky piece of news out there results in this Cascade of prices falling down where people's over leverage positions get liquidated and everyone else Panic sells because they have no idea what they're even doing in crypto and that's how we end up here so what we need to understand first of all is is this the end of the bull market because if it is we probably need to get out and we need
to go do something else to try and make some money over the next few years waiting for the next time that Bitcoin dips under 20K well despite what you might hear absolutely not this is not the end of the crypto bull market there is a lot of time ahead of us but can we go lower in the coming days well I'm going to talk about that slightly later on so let me explain to you why it's not the end of the market and keep it very very straightforward okay Bitcoin is 86% correlated to the global
monetary Supply it's even more correlated than gold or stocks or anything else and you're like okay well what's money supply where's this money going to come from magically well it's actually coming from places like China right now who are trying to stimulate their economy because our economy has been struggling recently and this is what countries have to do to stop themselves going into recession they print a load more money and this stimulates the economy this means that people then are a little bit more flushed with cash investors have more money and they start to to
reach out to riskier assets and what about the US interest rates are coming down but we heard Jerome pal who's that guy I was talking about earlier from the FED saying that maybe things aren't as good as we think they are and maybe inflation's coming up a bit too fast well does that mean that the FED won't be printing money well let's ask investopedia.com when does the FED increase the money supply normally you'll see the FED print money or increase the money supply when economic activities are slow it does so to Spur demand for product
and services and economic growth so should we look at what the US economic growth looking like right now if we jump across to this 2023 2024 GDP this is showing us economic growth and we can see from q1 into Q2 we saw a bit of a pickup things were looking pretty good then Q2 into Q3 things slowed down pretty aggressively and this is very typical on an election year after the election year is over and we get a new president in guess what they do they stimulate the economy to make the economy grow and make
you feel like you as a US voter made the right decision and this pretty much happens without fail every four years and we're going to see it happen this time which is why the bull market is not over and we will continue to go up higher into next year so if we know that we are going to continue to go higher next year why the f are you panicking well I know exactly why you're panicking because you did what I've told you not to do so many times before you've only been paying attention to crypto
and buying crypto when the markets have been going higher and higher and that's really unfortunate but it's how our psychology works we see patterns we try to shortcut things which is why when prices are going up we're all like is it still time to buy can I buy that because cuz it looks like it's going up and it's going to continue going up therefore it's also really hard to buy when it's going down because we're like maybe we should sell cuz it looks like the price is going to continue lower and I know you're doing
this let me show you this is views.com and you can see how well the house of crypto is doing right now just a few weeks ago the house of crypto was getting pretty much more views than anyone else in crypto with Classics like don't F this up getting nearly 164,000 views in a single day other ones about various different alt coins we're getting 157,000 views a day and that was because the markets were going up so what you were doing was watching these videos running around buying as many coins as you could while the market
was going up because your brain was telling you that the markets would continue to go higher and higher so that you kept buying the tops of coins so that your average price paid was much higher perhaps than it should be and then all of a sudden on days like today and yesterday when maybe it probably time to buy the dip I make this absolute Banger of a video about salana and the opportunity in salana and this gets 22,000 views a mental okay this video is far more use to you than this video but you don't
want to see it cuz your brain's tricking you into watching Panic based content on a day like today rather than stuff that's going to give you the opportunity to buy into coins lower and right now with the price of Bitcoin at $96,400 quiz what happens first Bitcoin Falls to 95,000 or Bitcoin goes to 108,000 and all of you back at home right now are shouting out that bitcoin's going to go to 95k aren't you and I'm not saying that you're wrong but remember the majority of people in this market have to lose money for a
few people to make lots of money correct so basically what happens in this bull market is money doesn't just arrive from all these different locations what you're having to do to make money is to take money from other people when I buy something low and it goes High you're trying to buy it at the top and I'm selling it to you you're the one giving me the money you're the one allowing me to make money so if I come down below and the answer is a okay 95k 95k down here with the exception of this
person saying back to 100 a everyone else is a a few B's in there A's mostly 95s okay everyone's saying it's going to go lower we've lost support we're going to 95 it's going to go down it's going to go down 94 you get the picture every single person out there while it's lower are panicking about it going lower when at the top everyone was trying to buy more panck think that it was going to go higher and that they were going to miss out therefore what do you now know the chances are that the
prices move in the opposite direction to what everyone is really kind of thinking if right now everyone is absolutely panicking themselves about this going lower there is a very reasonable chance that actually it turns around and goes higher now I'm not saying for sure that this can't go lower okay but I'm going to say that the actual risk and exposure that you now have to the downside is much lower than the chances of it going higher and now many of you are sort of panic selling and wondering whether the prices can go lower now you
find yourself in a sticky position because if you sell and suddenly you go to bed tomorrow and Bitcoin finds itself back up here I guarantee you that the altcoin that you sold just for example let's say ICP okay that you sold down here you'll wake up tomorrow and ICP will probably be back at around $12 in a bull market if you bought High recently and you're feeling the pain learn what you did wrong okay if you got too hyped up and excited at the top of the market there's only one thing realistically that you can
do right now well two things if you don't have the option to do the first thing and that is to try and buy more obviously this would not be Financial advice because that would be inappropriate of me to give it and obviously I'm not qualified to give you that but here's the scenario let's say you bought $100 of ICP up here ICP has now fallen down 34% and you can apply this to any coin out there so let's just say we're down 35% on $100 we've lost $35 we're now on $65 guess what you can
do if you were to buy $100 more into ICP down here your average price paid is no longer up here it's now somewhere around here which means that there's a good chance if you bought the dip that you could return back to profitable levels sooner rather than later not only that but you'll also correct the silly mistake that you made up here by getting overzealous and buying the tops the flip side of things if you do what many other people out there do and they have $100 up here and they lose their $35 they then
are left with $65 what happens is they wake up tomorrow and icp's up here and then they go and put $65 back into ICP around here and then what happens is when their ICP goes back to where it was when they first bought in they've now made 20% on their ICP which is like $15 approximately so if you take $15 and you add it to 65 you're now left with 80 which means that they're back to the same place and they're 20% and if you continue to do this multiple times through a bull market it's
going to get very painful for you because actually you're probably not going to buy here you're going to wait until ICP is actually back up at new highs and then you're going to buy again with your 65 bucks ICP is then going to pull back on you like this you're going to sell 65 bucks that's now become like I don't know 35 bucks and then it's going to pump again and then you're going to end up with absolutely nothing okay so when it's really uncomfortable and painful remember that everyone is thinking the same as you
and the game here isn't to think hey because thinking gets you in trouble because the emotions you're feeling are very real I know that because I feel the same thing and you represent the market if everyone is panic selling today the chances are that the prices are going to go higher sooner rather than you think the more panics the more stressful you are right now the chances are it's not going to be so painful soon enough as long as you don't fumble here now I appreciate many of you can't buy that dip because obviously it's
Christmas and you maybe have got too stuck into this a little bit too early but if you can that's personally what I've been doing and in addition to not being emotional or literally just doing the full opposite of your emotions when you're feeling greedy and you've telling your mate about how much money you just made on like fart coin or whatever it is that you've been buying it's probably the time to maybe take a little bit of profits out on the flip side of things when you're feeling like oh God this is the worst then
maybe it's time to try and load up more if you do the opposite of your emotions then you won't go far wrong in this bull market I promise you okay I promise you that's what you should be doing on the way up and literally as we've been making this video Bitcoin has now spiked up another few hundred bucks so hopefully it's going to hold on there for dear life until my editors managed to get this video together so that this video still has the effect that I hope it does even though because prices are down
you're probably not even going to watch this video Until the prices are back up again but whatever I try so don't be like hos bone okay it is not over yet okay you're all right things are going to be okay zoom out calm down if you can't buy the dip turn your computer off go and start getting on Silly Season it's Christmas guys okay go and have a few beers enjoy yourself okay and then you can get back into these charts maybe later on if Bitcoin does come down lower then guess what so will your
altcoins as long as you're not overleveraged you're going to be okay I personally don't think that we're going to go significantly lower than this but I could be wrong if we go lower where are the next level is going to be and that's because you can see some good support here so what do I do I right click I set myself an alert and this gives me a chance to maybe go buy more of that dip so for example instead of putting in 100 bucks up here if I've only got 100 bucks to play with
maybe I'm going to put in 50 or 70 bucks up here and if it gets down to that level I can put in another 50 bucks okay and then I can play a game of buying that dip okay things can't go too wrong early stages of bull markets right now we've only dipped around 10.5% Bitcoin dominance has taken a big dip towards the downside from around mid November you can see it's now starting to rise back up again but is starting to Tha out again if we look back to the last bull market then really
we didn't see anything significant in terms of a dip on the Bitcoin dominance we saw this initial dip and then we kind of saw sideways a lot for like January February if we jumped across to bitcoin from the last ball market then we saw plenty of red days like this one which we've gone through today this is down 78% we can see another one up here where we saw a dip of around what 16% and in fact this dip here the big one only came when ethereum and the altcoin started to pull liquidity away from
Bitcoin we're probably not really there yet because this was pretty altcoin season getting off to a start and we haven't really seen the altcoins running yet so I'm really not anticipating a very very big dip in Bitcoin like this but obviously I've been wrong before and I could be wrong again all you got to do is remain calm things are good now if you are new to crypto and you're struggling to remain calm I get it it's really pretty stressful so what you could do is join my hive mind which is linked Down Below in
the description it's called the Inner Circle it's just $20 per month and in here you can speak with a lot of people who've been in crypto for multiple Years A lot of people in here today are very positive about what they're seeing in the markets they're talking about different coins they're buying and they're offering a bit of mutual support While others out there are panicking all over the shop not only that but there's memec coin Community lots of different traders who are talking about memecoins all the time preparing for the next mem coin run which
probably will be happening into next year at some point I'm sharing in here various different trades I've been making over the last few weeks if you want to access my trading signals in here on various different alt coins then you can also do that just by clicking on the trade zone and we also have nanson Smart alerts with you can see big whales and see what different altcoins those whales are buying all of the time so if you want to be able to trade like a whale and start making some money in this bull market
and join a group of smart crypto investors then simply join the Inner Circle link Down Below in the description for just 20 bucks a month guys I hope you enjoyed today's video and found it useful hit the like button subscribe and calm the hell down see you later bye-bye
