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BITCOIN AND CRYPTO CRASHING- TOM LEE JUST SAID TO "BACK UP THE TRUCK" AND BUY!

My Financial Friend · 2024-12-19 · 유튜브 시청 46,119 · Board Views 8 · International

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저자: Sam · 외국인

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12월 19일경 비트코인·알트코인 급락 직후 방송. 레버리지 청산 $10억이 하락 원인이라 진단하고, 저점 분할매수를 강조. 톰 리 'back up the truck' 발언 소개. 비트코인 리스크 지표 낮아짐, 과거 강세장 대비 아직 적정가치 근처로 추가 상승 여지 주장. 같은 날 오하이오주 전략적 비트코인 준비금 법안 발의 소식과 Satoshi Action 관계자 인터뷰 소개. 레버리지 거래소 링크 홍보 포함.

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01. how's it going everyone it's Sam we just had some breaking news from Dennis Porter a state that is passing their second Bill to create a strategic Bitcoin Reserve but at the same time bitcoin's falling crypto is falling people are getting worried there are altcoins falling 10% 20% from recent highs 30% 40 50 are we going down to zero let's talk about that let's also talk about some of the news from Tom Lee he says back up the truck after Wednesday's P Panic selling okay we'll get into all of it to blof fin underneath the video you can trade with leverage there's no kyc you don't need a VPN and you can also uh trade on spot and copy trade so definitely check this out underneath the video of course make sure you know what you're doing and understand the risk of Leverage trading speaking of Leverage trading there's been a lot of Leverage wiped out of the market this is one of those things you have to know what you're doing uh $1 billion in Longs liquidated in the last 24 hours this has caused the market to go down pretty significantly you can still see massive profit on all my positions I find the key to be going low leverage and then just waiting right after we take a nice low dip when we're at support then you go long and you know now if you look at this we have bounced off this line several times depending on what chart you're looking at it might look slightly different it might look a little bit cleaner but as you can see we've gone from 108 all the way down to 96 so a nice 11% 12% move down a lot of altcoins shedding uh over the last 24 hours you know ethereum down 10% xrp down 8% salana down 10.5% and actually in my patreon I said maybe it was 2 weeks ago or so that I was taking a little bit off the table with ethereum not a ton but about 1% of my crypto portfolio just because we are in a bull market we've gone up a lot I'm taking a little bit off the table in the majority of my portfolio still in Bitcoin so I actually took 25% off of my ethereum bag and I fully understand and fully expect it to go right back up I I'm not bearish on this Market I'm quite bullish but I do think it makes some sense to take some profits over time because then it allows you to reinvest during these dips I mean look at salana looking quite juicy right now down at 1 94 I mean look at this this is right around the previous resistance that we had so yeah salon at 193 pretty attractive BMB uh falling down 7% uh Dogecoin down 20% in the last day cardano down 15% I see so many people saying load up the truck uh back up the truck buy altcoins right now that's what they're saying on Twitter we also have news we'll get to Dennis's news in a second Des Porters news but Tom Lee says back up the truck after wday Wednesday's Panic selling now this is uh this is gated right now um you have to join CNBC Pro I'm not going to do that just to hear Tom Lee say that he is buying right now but it's funny because when you look at the market most of the Market's actually green today like in traditional Finance in the stock market a lot of stocks are up like most of tech is up today Tesla's down a little bit mostly crypto's down right uh down 5% but overall the market actually looks pretty healthy keep in mind Jerome Powell just said yesterday that we have avoided a recession almost guaranteed in his mind that we've avoided a recession the fact that they're not lowering rates signals that they think the economy is quite strong so it is interesting you know the markets falling down so much I think mostly it's due to manipulation it's due to leverage it's due to um you know Panic selling that kind of thing but overall I think we're in a really good place and actually I think this makes it a lot easier to want to invest right when you are just racing up to new all-time highs all the time you do sometimes get worried a little bit that we could see a pullback right and now if you're investing over the long term it doesn't really matter right if you're buying Bitcoin at 108 or 98 it's probably not going to matter for 5 10 years from now it's probably not going to matter for a year from now but if you're looking over the shorter term and you want want to feel like you got a bit of a deal well here's your 10% dip here's your 10% correction here's your 20 30% dip on some alts I mean on the last seven days we have Dogecoin down 24% salana down 16 cardano down 20 Avalanche down 26 this also lowers the risk significantly um and allows us to look at a longer term Market a longer term bull run this is into the cryptoverse there's a 10% off code this this is one of the best tools to use in this market this is from Benjamin Cohen and uh I've been really impressed by how extensive this thing this website is but one thing that is just really simple to look at is the crypto market cap and trend line basically showing overvalued and undervalued times right now we're slightly overvalued let me show you a different version of this we're just slightly overvalued uh compared to the trend line we're about 5% overvalued keep in mind though we typically move up pretty significantly in the overvalue territory during the Bull Run for example last Market we went 432 uh versus a fair valuation of 100% so we were like 4.3x what the fair value of crypto was and right now we're like right at the fair value so you start thinking about it like okay we just saw a 20% dip Dron Powell said that the economy looks really good and uh we're going to have a longer time period where we can lower rates so if anything goes wrong they have more Firepower now uh there's still going to be nation states that buying we still had you know ETFs buying who knows what happens today right there could be a delay where some ETFs have some big sells today but largely big money has been flowing into crypto specifically Bitcoin uh very heavily you have all those things happening and we saw a 10 15% dip in crypto and you're scared like this is the time where everything looks really good and we could go up another 300% versus the fair valuation and the fair valuation is going to go up too the fair valuation of crypto for next uh next fall winter is 4.5 trillion compared to about 3.2 trillion right now so we could see a nice 40% increase in the fair value and and then a move over the fair value of 300% so we could see like a 3 4 5x in all of crypto in the next year based on this trend line based on what's historically happened and people are getting worried Tom Lee saying back up the truck and really only a few things are down like Tesla and uh crypto so yeah it maybe it makes sense to add more to your positions now uh of course do your own due diligence this does seem like a pretty good time to Long the market as well since since we're at pretty significant support like a low leverage long makes a lot of sense to me I've been adding to some positions over the last day and I if we see any more dips like if if we see any more red I'm going to get more aggressive for sure we could always go down further though to be clear we could see a 20 30% drop from here that would be normal and I still wouldn't be scared in that situation um but I don't think that's going to be very likely uh again if you want to check out into the cryptoverse we you can uh check out all different kinds of cryptos maybe you have a crypto that you really like you can take a look at the risk level so right now bitcoin's at 618 risk keep in mind when we went up to 88,000 for the first time that was uh we went to 635 risk so now we're $10,000 higher about a month later and we're at a lower risk level because we've chopped around a bit ethereum sing below that 6 risk xrp 75 risk salana 66 do coin actually the lowest risk of anything in the top 10 besides B&B at 476 risk so uh this is I think this is pretty interesting to look at you can see how overvalued how heated these are whether they seem a little bit undervalued of course there's a lot more to it than just the Fiat risk level but yeah check that out if you want to underneath the video um now we just got news from Dennis Porter Ohio introduced a second Bill to create a strategic Bitcoin Reserve this will be the one that passes into law and actually he just had a Twitter spaces it might still be going on honestly with Steve demitro I think that's how you say it he's a state Representative for Ohio and he helped work with Dennis Porter to push through this bill and actually I'm going to play that for you here at the end of this video uh them talking about it you can get a feel for like how much demand there's been for these types of legislation uh since Trump went to office or won the election um what they're planning to do what this is going to look like so let me play that for you uh again there are links underneath the video in case you want to trade this dip there's a link to blof Fin and check out into the crypto seriously you will not regret spending the little bit of money to get access to all these tools now the first question Dennis asks is just like how did you get started in Bitcoin back in 2014 when I was still in the military we were getting ready to uh ship out to Afghanistan and uh a fellow officer in my in my company um that I was serving in at the time you know we were we were just kind of talking about what we were going to do with all the money we're going to save up over our deployment and he was he was uh telling me about this thing I'd never heard of called Bitcoin um and back then this was the summer of 2014 it was trading around you know $600 at the $600 level or so um so I I bought some and I you know obviously now I wish I bought a lot more um in those coming weeks and months but uh you know I just kind of by happen stance again surrounding myself with really smart people um that knew more about the world than I did I uh I was fortunate enough to learn about Bitcoin and um obviously you know there's been a lot of uh ups and downs and I'd say more ups and downs over the last uh 10 years since I first found out about it and uh yeah it's just been an exciting ride personally for me and now as a state legislator you really exciting to see all the opportunities especially you know I think in the coming years that we have to to uh just continue the growth for Bitcoin and and blockchain and in the digital asset space absolutely absolutely well we're going to get into the policy here in just a moment but I think it's really important for people to know that you know we have been working diligently before we had all this excitement uh with the representatives office and we had worked on legislation to be able to protect the rights of bitcoiners and asset holders you know it's really important to us you know there's a lot of excitement around a few different policy vertical right now but we have to continue to protect the right to self- custody and to protect the right to mine and the right to run a node and the right to peer-to-peer transactions and we have been working with you on that legislation predating all of the election outcomes predating all the excitement so thank you so much for your dedication to working on this issue even before it became you know the exciting thing to work on at your state legislature but I would like to officially announce that with the work of Satoshi action and also Representative Steve drio who is the whip he's in the leadership there in the house of Ohio we will be introducing and I think you have officially introduced already a bill to create a strategic Bitcoin Reserve so very exciting time uh Ohio is certainly leading uh as it has before and it will continue to lead so very excited about the fact that we got this bill introduced and we can be working with it working on it with you coming up in this legislative cycle um now look looking forward let's talk a little bit about where we are headed and how these things will progress maybe give people an idea of what this legislation looks like and what it does and how it will be able to help the people of Ohio and also the government there sure Dennis um yeah so this bill uh which we introduced uh today um would allow the treasur State um here in Ohio to create a strategic cryptocurrency Reserve fund um you know using public taxpayers money um to create growth for um to you know in in within our state using uh public funds to invest in and digital assets and cryptocurrencies um and creates a lot of definitions in the Ohio Revised Code um obviously this is sort of a new frontier legislatively so similar to what we were doing we we want to do with the blockchain basics this sort of lays the groundwork and um allows uh the the treasure and also uh pensions to um have the opportunity to invest in uh in digital assets and cryptocurrencies and um just provide some transparency and Reporting measures um and uh oversight measures um to to you know just really kind of Kickstart uh growth I guess in the public sector um within the digital asset and digital currency space yeah certainly I mean listen we're very excited as satosi action and we are glad that we've been able to work on this piece of legislation with you to be able to put the state in a position to be successful um you know certainly the legislation is all encompassing but you know given the way that it's written right now uh Bitcoin would be the number one asset that would be purchasable by this new entity that is set up and we really do believe that Bitcoin is you know it really is the true Reserve asset it is the thing that is is going to be used as a as a reserve asset not only here in the state of Ohio uh with you but also really across the world and so it's a very exciting time we're looking forward to continuing to push forward and to continuing to make progress you know this is the third state officially now that we have worked on we had Pennsylvania we had uh Texas that we helped introduce the bill live on spaces and then we also had have this one now but it's it's just the beginning uh and there's a lot of competition going on out there talk talk a little bit about what you're you're hearing uh amongst your colleagues you know there's quite a bit of uh we have competition going on in a lot of other states states that we haven't even talked about yet but a lot of interest in Bitcoin and really really just broadly Bitcoin policy talk about what that's like are you seeing a difference between before the election and after the election in your state yeah Dennis I'm really glad you uh you brought that up because it's been remarkable you know after the election we've been kind of you know down the past few weeks in Columbus um in session you know got back at 4:30 a.m.

02. uh into rolled into my driveway at 4:30 a.m. this morning so if I sound a little tired I apologize but um that was our last uh session um I guess last night into this morning um for this general assembly and I'm you know really excited to continue to carry the torch here in Ohio um in the Bitcoin you know realm and and um digital asset and cryptocurrency Realms too um but I you nailed it on the head I mean be just kind of thinking about sort of the interest um within you know Columbus um in our state you know in our in cap Square as it's known um in the state capital uh pre and post uh election it was night and day difference as far as just the amount of conversations I had um people you know interested in in in this space legislatively uh I I I probably had at least a half a dozen conversations over the last couple weeks with various legislators and um interested parties on reaching out to me um Statewide you know elected officials that are interested in this space and I you know certainly just on the national platform with President Trump um's election and you know all of his vocal support of Bitcoin and um digital assets I I think the the energy it the winds in our sales if you will and I'm really excited to uh work with my colleagues and uh and other interested parties in Columbus to you know make Ohio leader in the space so it's it's it's been really exciting um that that's all I'm going to say there's been a lot of conversations I think people are starting to get behind it learn more about it and um yeah I can't wait to kick off the next general assembly here in a couple weeks uh January 6 yeah looking forward to it's going to be a great time um and I'm glad to hear there's a lot more interest and excitement around the technology of Bitcoin and and make sure by the way if you're in this room and you want to keep up to date with what's going on in Ohio please make sure to follow uh Steve Demitri representative Demetrio he's going to be working diligently he has been working diligently to get legislation across the Finish Line to make Ohio a leader on bitcoin and we're going to be continuing to support his efforts to do that okay let me know your thoughts on that underneath the video again you can check out the link underneath the video to blof fin where you can start trading cryptocurrency using leverage or you can just buy Spot you can copy trade on there as well of course make sure you understand what you're doing thank you so much I appreciate it I'll see you all in the next one

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