why is bitcoin price not going up?!
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- Опубликовано: 30 сен 2024
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The daily bitcoin journey is a live show, every morning at 8am CST, focused on actionable and logical discussion for bitcoiners and future bitcoiners.
Today's episode talked about the fiat landscape and the 9-5 landscape that are both being flipped on their head. In January 2024, the game officially changed, then the bitcoin ETFs launched in the US. And for the last several years, the typical work day changed dramatically.
Today's show talked about how to prepare for what's coming and to get ahead of the general population in this shift. It involves some risk but the rewards are substantial.
We also talked about the BITCOIN NEWS and other stores including:
- Australian bitcoin ETF launched on Monday
- Thailand bitcoin ETF approved on Tuesday
- University of Austin accepting bitcoin for tuition and creating a long-term bitcoin fund
- an Indian flight attendant was caught smuggling 1kg of gold in her rectum
- Bank of Canada printed and gave out $80 million dollars to 80 staff members for their great work in taming interest rates and inflation
- Blackrock bought 3893 bitcoin on Tuesday while Fidelity bought 5380! Keep in mind that only 450 bitcoin are mined each day
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We also talked about the new segment of this show - LIVIN IN THE FUTURE. Once or twice a week, we will have a deep and thought-provoking discussion on living in the future. We have a very small window of opportunity here and we have to take advantage of this. Whether you're a new or advanced bitcoiner, this segment will have something for ANYONE looking to pounce on this opportunity. Check out the LIVIN IN THE FUTURE tier in the patreon for more info!
If you would like to create a bitcoin strategy for yourself, your family, or your business, please contact me at 88sats@proton.me!
Block height: 846736
I appreciate you and your content < Technical Analysis is good but I find It truly baffling that major crypto youtubers just look mostly at pure T.A and completely ignore the bigger narrative of why BTC is pumps/pumped and why the future outlook will be even rosier than it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC. We were already on shaky footing with historically low volume and almost pure whale pumps, narrowly avoiding a long-term bear market. More emphasis should be put into day trading as it is less affected by the unpredictable nature of the market. I have made over 27 btc from day trading with Russell Greener insights and charts his been one step ahead of other analysis..
Russell Greener program is widely available online.,
I have seen so many recommendations about Russell Greener, his strategy must be good for people to talk about him.
Russell Greener’s crypto knowledge is like a secret recipe for success!
He appears to be well-educated and well-read. I ran a Google search on his name and came across his website; thank you for sharing..
Spot-on, I would always rate his signals as one of the best ever used 100% accurate.
$15K AUD on kaspa and $10K AUD on papexnova$ , how many holidays should I go on?
Kaspa goes to 0$ next bear run, fyi
So what do you think will happen when the noobs want custody of their BTC ETFs and find out they bought paper?
Yah its hard to say i think they hodl. they prolly bought them in traditional finance accts to avoid custody probs, and or to limit capital gains taxes when bitcoin moons!
Thank you for your videos mate.. If there is one thing I have learned in recent months it is to remain calm, especially when it comes to investments in cryptocurrencies. Learn not to sell in a panic when everything goes down and not to buy in euphoria when everything goes up. I advise y'all to forget predictions and start making a good profit now because future valuations are all speculations and guesses. Bitcoin going up is good for the entire market and you can not tell if it's going bearish or bullish. I Would say More emphasis should be put into day trading as it is less affected by the unpredictable nature of the market.I have made over 16btc from day trading with Whitney Eston insights and signals. in less than one months, this is one of the best medium to backup your assets incase it goes bearish...
She's mostly interacts on Telegrams, using the user-name...
@WhitneyEston.
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience....
Building a good investment portfolio is more complex so I would recommend you seek Whitney support.
The market's top signal provider. Highly knowledgeable and level-headed..
The price is kept down so Larry and friends to buy it cheap.
I really don’t think they care about the price. They only care about the available supply
@@88SATSradio accumulation, then price discovery.
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Elizabeth Wesley.
I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimonies on CNBC news last week...
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
You trade with Elizabeth Wesley too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
Probably one of the best most honest videos I’ve seen in a while. The steal it from you part is scary. There are so many etf
Companies and clients, Ria’s, etc that the thought of that vaguely crossed
The mind,
But i think most all of the etf companies hold in coinbase.
I was thinking this very thing, that it’s getting ridiculous that each day is 10-15x the daily issuance but price isn’t moving and figured they are going directly to the miners. At some point all of the miner holdings will be dried up and it will be mad panic to find it. Lowest miner holdings in 14 years?
That’s nuts too since btc has only been around 15
Years. This could
Really get
Interesting quickly.
6:00 Buy. Borrow. Die. Never sell.
Luv the buy borrow die strategy hoping to have so much wealth later to use it most effectively. Good stuff
I hold BTC, BCH and some BSV but...
When BTC maxi/ influencers stop fading Bitcoin 'BCH' we could see significant BCH gains
Will Bitcoin 'BCH' follow Bitcoin 'BTC' from $460 to $70,000 ? (given enough time and the prices BTC is expected to reach)
Bitcoin Cash is up over 300% in one year, around twice as much as BTC...
The BCH chart and price looks like Bitcoin in 2016
BCH has the same genesis block as BTC
The same miners
The same halvings
The same 21M max supply
@@dsflat6785
The same message here dude?
Holy f-ing spam.
Your Ver coin sh!tcoin is down over 98% versus BTC since the fork.
If Bitcoin continued 150% gains on average per year by 2030 going on the current price one Bitcoin would be priced at 17 million..
Wow.
Papexnova$ ❤❤❤❤🎉🎉 millionaires 2024 ❤
What’s the point of worrying about BTC reaching $700k or more?
Just follow this simple piece of advice:
Stay humble and stack sats.
Great advice.
Your advice is sound but you're over thinking why the price doesn't break out. It's because there is a ton of supply at the margins. Short term traders make the market and for the last 3 months they have been buying in the 60's and selling in the 70's. It's a money machine for them. The notion that the supply will run out is not reality. There will always be supply at some price, always. Right now supply and demand is in balance and it will likely take some major external event to change that. It might be tomorrow or maybe a year but until that happens this is what it's worth. After the "event" a new range, higher or lower, will be established.
The $Papexnova presale caught me - it's the coolest way to be a part of a ground-breaking initiative. Let's go! 🐸
Yhey cant stand any form of hard money....they are terrified of it....they lose all global control they must crush this hard asset
I have no idea and wondered the same thing. Doesn't make sense. I don't care about the price but, but the supply/demand dynamics is a head scratcher.
BTC can trade at this price for a few more months as far as I’m concerned. I’m buying as much as I can so could do without a significant price increase just yet
Selling BTC to pay for what you need is better than never having owned the BTC at all.
When it dries up they will paperise it because they will never go to market
Blackrock owning some % of mining companies doesnt make me feel peaceful to be honest😅
Do you own microstrategy stock?
papexnova$ to the moon. Thanks for the video
Damn you put me in fomo again bro! I better buy more
Let's goooo $PAPEXNOVA !!!! 🐸🔥🚀
$Papexnova on base made a nice jump 🐸
Let’s go $papexnova to the moon 🔥
If someone thinks Bitcoin would go to 7 million dollars, do some math, how much would just ONE Bitcoin transaction cost then. There is clear math available in net to make up the price of tx fee. It will not be cheap, and when it's not cheap, there is going to be way only down because nobody will pay those tx fees.
Lightning liquid ecash. More will be built. We’re only 15 years in
@@88SATSradio Sure, so it's another layer on top of Bitcoin - but then again, you could as well anticipate some newer crypto eventually start replacing Bitcoin - without that 2nd layer. If Bitcoin were to maintain it's #1 position, it should be upgraded and forked to new version solving these scaling problems without any additional bits and pieces making it all just more complex.
Also, If im worth 100 mill i couldn’t care less about a 25k transaction fee lol.
@@OgFurious1 You would not maybe care one transaction fee of 25k, but for most there would be many tx fees (in the whole process) constantly eating up the value and also dis-motivating to participate to it at all. It's just unevitable that when transaction fees go to unacceptable levels, it will also hinder down your opportunities to sell your bitcoin with good price in some acceptable timeframe, it also removes the buyers from the opposite side of the trade. It builds up to problem from the system side of the things, not so much the personal side of things. If Bitcoin price would go to millions, the only people who would anymore do transactions with it would be millionaires and billionaires, and it sort of rugpulls the whole concept of the Bitcoin. This is basically a scaling problem, the Bitcoin parameters just don't allow the BTC network and usage to scale up into levels of the whole world's needs, but some newer crypto maybe could have made that scaling thing better, that remains to be seen.
My Bitcoin Is a retirement moved for the long run. Thats why I invest in well researched Alt-coins for my today investment and just living life. I have to buy Alt-coins because I dont mess with stocks or investment real state at all.
Legacy or Lambo?
I like the bitcoin ❤
1. There are always sellers at each price point. As it goes up in price there will be sellers there.
2. How do you mean steal it from you? If they can steal it, how come they don’t steal from Satoshi’s wallet? Maybe I didn’t understand how you meant steal.
There will always be sellers. But will there always be as many sellers as buyers? We've never had an asset like bitcoin before with a fixed supply.
Satoshi's coins aren't on an exchange or held in an ETF.
@@88SATSradio like you said, uncharted territory. But if not enough sellers, price goes up and finds sellers. Life is such that even the hardest hodlers will eventually sell some coins. Be it to reward their patience and steadfastness or different needs… I cannot imagine that btc will be illiquid at any point in time. What do you think?
Why are the comment not below the video anymore?
RUclips hides comments they think are spam.
You can see Bitcoin as a test, to see how artificially made scarcity will effect the market. The results can be different than anticipated. The hashrate goes where money is, that means miners do what the price of Bitcoin says, but money does not go to where hashrate is, that means the buyers do not pay more for Bitcoin just because miners wasted more money to produce them. Bitcoin price could actually go substantially downwards too, but that means also many miners will shut down their equipment, to adjust to the new pricing.
Maybe 4th option related to my question on other clip, is that they create bear market panic by selling what they have, then buy everything cheap again when everyone sell panic and they take most of it this way too, Cheap!
Hell yeh im selling for 700k. You cant take your bitcoins when you die.
I get it bro but sell. Legacy? We won’t know if bitcoin will be around in 5 years or better yet. We will. Don’t hold. Buy that motorcycle and enjoy life. Maybe don’t sell it all but take profits is my advice
The tighter the supply, the higher the multiplier effect. You can work out the rest.
Very simple economics.
Not a chance I will sell off miner stocks now for BTC, not at this stage in the bull run. Convert profits from miners into BTC at some point after the bull cycle.
@@neilstewart5060 bitcoin will also cost a lot more when you trade your mining profits. Consider that
@88SATSradio true but the Tier1 miners have historically had a growth multiplier over BTC. So eg if BTC does a 2x-2.5x from here to the top of the bull cycle then T1 miners would have the potential to 5x-7x. Will convert profits from miners to BTC during next bear market. They follow same/very similar cycles.
I know this grosses you out but:
When BTC maxi/ influencers stop fading Bitcoin 'BCH' we could see significant BCH gains
Will Bitcoin 'BCH' follow Bitcoin 'BTC' from $460 to $70,000 ? (given enough time and the prices BTC is expected to reach)
Bitcoin Cash is up over 300% in one year, around twice as much as BTC...
The BCH chart and price looks like Bitcoin in 2016
BCH has the same genesis block as BTC
The same miners
The same halvings
The same 21M max supply 😵💫
Bitcoin cash is a swear word around here. G
Settle down Bevis. BTC is coiling, will b a nice June.
Can i buy papexnova$ now?
You stuff is solid thanks
New to the channel. Hi!
Dude there are 2 MILLION btc on exchanges for sale. And millions and millions more via OTC. It could be years before a squeeze, but we all hope it would come soon... meanwhile the ETFs stablecoined us with the 9 billion in shorts that are now at 72k or so, they haev unlimited money and can keep the price at whatever level however long they want. If they need more cash, the Fed prints it for them
Yes but one company bought 12,500. The supply is 450 a day. Thats one company. Not to mention the banks, nation states, retail investors, pension funds.
@@CleverGirlLP Yes, eventually a squeeze comes. But ETFs are only 20-30% of volume, not the 80% everyone thinks they are. Am just saying it could take 5-10 years before a squeeze
Why do i always hear some banging sound ?
Horny neighbours?
Great video, thank you
🫡
The economy and markets have been breaking record highs the last two yrs. Bitcoin is at $71K right now. And millineals are still crying and scared. Have to make up conspiracy theories. Funny.
I really don’t understand what you’re trying to say here.
Bitcoin cash is now better
LOL!!!
FET , FORTA, AND THE MEME COIN $PAPEXNOVA 100X EASY... I ALSO LOVE KASPA, AERODROME 5X EASY
Gradually and then Suddenly 🤙
Sergio 👊🏼