Bitcoin Dumps Below $55k…Time to Panic?
Today, let's discuss Bitcoin and why it fell below $55,000.
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0:00 Intro
0:40 Market Overview
2:05 Fear And Greed
2:30 Mt Gox
5:00 Germany Selling
9:07 Long Liquidations
12:10 Bitcoin dips
17:45 Bitcoin Charts
18:55 Ethereum ETF
19:50 Q&A
🔴Full Disclaimer: This video and its contents are for informational purposes only and do not constitute an offer to sell or trade, a solicitation to buy, or recommendation for any security, cryptocurrency, or related product, nor does it constitute an offer to provide investment advice or other related services by CryptosRUs. CryptosRus may have a financial investment with the cryptocurrencies discussed in this video. In preparing this video, no individual financial or investment needs of the viewer have been taken into account nor is any financial or investment advice being offered. Any views expressed in this video were prepared based upon the information available at the time such views were written. Changed or additional information could cause such views to change.
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@mikudancelove4329
2 күн бұрын
Brother, I am bankrupt. The rest of my money is given to you as I am. I hope you are in a good mood. This is my wallet🤧😭 👇🏻👇🏻👇🏻👇🏻 renew enforce kick denial digital replace silver fetch fantasy plastic acoustic later
Huge AM24YS holder here and slowly building my Ada and Ckb bags
$TYCOBIT and Ebay signed a partnership. It will blow up once it hits mainstream..
E-commerce tokens are booming. $TYCOBIT will go 50x after the launch.
$TYCOBIT is going to the moon! Ecommerce and crypto can help to create a more equitable and decentralized industry
This is going to be a different bull market. With AM24YS coming to scene. Ben basing off previous speculative markets. I can see 300,000 next bull run.
AM24YS and Sauce Turbo will be huge.
$TYCOBIT is the best choice! BBZ allows for cross-border transactions in ecommerce without the need for traditional financial intermediaries, which can be slow and expensive.
Forget Shiba and Dogecoin. The next Bull runner gonna be AM24YS
Any thoughts about $TYCOBIT? The growth of Ecommerce and crypto industries can help to create new markets and new opportunities for entrepreneurs.
AM24YS going up like crazy! Pick up around 0.67 and now it’s hit $1! I wish i had bought more!
XAI70K$ will be one of the biggest projects in the future. 2024 will be on fire 🎉
@portiacochranetresselt240
2 күн бұрын
Hi, you seem to have had success with xAI. I swapped BTC for xAI but never got past "awaiting deposit. although my funds were gone from wallet. How do I get support? THx
Thanks for sharing NVIDIA and XAI89K. 💯
@deepak11050
2 күн бұрын
Excited about XAI! Let's see where this journey takes us!
@faudaryt1425
2 күн бұрын
Thrilled about XAI's potential! Happy to be part of this community and looking forward to gains!
@habijulali4855
2 күн бұрын
Feeling good about XAI! Great community and potential.
@RajuVishwakarma-qc3ki
2 күн бұрын
Feeling positive about XAI's future!
@user-kl9dv4tc2c
2 күн бұрын
XAI's journey will be exciting!
XAI70K$ will literally shoot through the roof
Bro, i bought XAI70K$ in may after your video. i'm up 379%.
@raymerbrogan9176
2 күн бұрын
Where can I buy xai
Never heard of XAI70K$. Can someone please explain? Appreciate it...
@colbyapple
2 күн бұрын
Scam
Just watched your video discussing XAI89K and I am very excited about this
@the_midas_touch0.
2 күн бұрын
Fuck you bot
@user-eb5wb2qw7x
2 күн бұрын
This is good project from Elon Musk
@user-bi4kr3qj8k
2 күн бұрын
lets PUMP this to the sky guys!!
@sarvaiya_sharad
2 күн бұрын
It is funny that not everyone knows about XAI
@user-rc3kf4ib7o
2 күн бұрын
I've heard lots of people from X and Facebook talking about this one
I believe $TYCOBIT will be a game changer.
Thanks for the insights! Bought XAI89K, predicting big returns! 📈
@user-um2bu3jb1c
2 күн бұрын
Why everyone is talking about XAI?
@KavitaKoli-ml4zf
2 күн бұрын
Why everyone is talking about XAI?
@Aryan-pa
2 күн бұрын
It will soon all over the news
@ffsurajbhai7257
2 күн бұрын
Feeling optimistic about XAI! 👍
@RAJPUT_0295
2 күн бұрын
crypto is risky thats why we should choose a project which already has good brand like Elon Musk
Nice video. Not a criticism, I enjoy your insights. I tend to think prices could go higher if BTC rockets. But understand the logic for sandbagging estimates. My opinion is BTC breaks 100k, perhaps reaches 140k ATH, if conditions are right. But broader forces are at play now. We’re moving into really unknown territory. And these entities are shrewd. I think there’s massive manipulation ahead. If BTC survives that, well, we’re likely in for a good windfall. But it won’t be smooth sailing getting there. Stay strong...
@djsabri58
2 күн бұрын
@SandyBarclays .
@jchall12
2 күн бұрын
One thing I know for certain is crypto is here to stay, the only thing that leaves is the people who don't manage their risk. Manage that, or the market will manage it for you. With the right strategies you will survive.
@Birdman5902
2 күн бұрын
In a field as rapidly evolving as cryptocurrency, staying updated is crucial. Sandy’s continual research and adaptation to the latest market changes have been instrumental in helping me make informed decisions.
@JavierJumbo-jn6jg
2 күн бұрын
Sandy’s analyses go beyond surface-level trends. She delves into technical, fundamental, and sentiment analysis, providing a holistic view of the market.
@lottschke
2 күн бұрын
Greetings from Blairsville, Georgia I have seen her reviews in different platform she most be a genius then..
I know the true bullrun will start in November and XAI70K$ token must've launched by then.
@cemwind
2 күн бұрын
Scam scam scam
@mangohavoc6428
2 күн бұрын
I love how all these scam comments have like 700 likes while normal people comments have like 30-60 max lol.
George telling you LAST CHANCE since 73k 😂
@ericward284
2 күн бұрын
😂😂😂
@kubixxx1
2 күн бұрын
It's always last chance. At some point he will be right 🤣🤣
Just don’t sell…no losses occur when you don’t sell.
@JG-od3xy
2 күн бұрын
Warren Buffett would concur!
@zeeshanparvez5235
2 күн бұрын
Isn't that only possible for spot traders as opposed to futures and options traders?
@Fumblingthroughlifeonline
2 күн бұрын
Liquidated bro
@emoney822
2 күн бұрын
FACTS
@jtom1309
2 күн бұрын
You are wrong ever hear of being liquidated dummy?
I’m all in XAI70K$ token this is one of the greatest looking coins, base will take over and Aerodrome will be bigger than uniswap one day
@stevenb2022
2 күн бұрын
It's a scam
@stevenb2022
2 күн бұрын
Scam
@donshattered9826
2 күн бұрын
Every bot account, comments the same thing!
@The.Digital.Wallet
2 күн бұрын
SHUT UUUUUP BOT
@cemwind
2 күн бұрын
Scam scam scam
I got in XAI70K$ token as well! Huge play, looking forward to the rest on this bull run!
@johntran3823
2 күн бұрын
Scam
@danwebd4481
2 күн бұрын
Its a scam
More bullshit charts i mean bullish charts.
Ever since the ETFs were released none of the historical charts matter anymore. When will you content creators learn that we are now in unchartered territory.
@Chris-PBTHOR
2 күн бұрын
Uncharted. Not chartered. If you are gonna rag on the guy at least follow the troll farm managers wording properly. Ride home on that smelly train to your smelly house and your smelly wife. Curry flavored weekend
@LfunkeyA
2 күн бұрын
keep exaggerating
@dt9338
2 күн бұрын
😂
@TopBeatz00
2 күн бұрын
@LfunkeyA Ummm which part was inaccurate?
@cr500roost
2 күн бұрын
But you still keep watching there videos 🤔
Hello, I'm George, and I'm getting ready to sell my Ferrari and make four videos a day to pay the bills.
@meisworld1427
2 күн бұрын
😂😂😂😂
@Toby_Escapades
2 күн бұрын
😂
@spotifyseascapessmoothjazz
2 күн бұрын
I'd sell the Ferrari to buy the dip
Market volatility is what separates the men from the boys!
@JoelHogeland
2 күн бұрын
💪💪💪💪
Damn. Making excuses in front of the garage didn’t work either 🤣. New day, same content, same excuses, same bullshit. Not sure why people ignore facts.
I’m broke. We’re all broke.
@kappaiota5105
2 күн бұрын
THEN TIME TO GET AFTER IT, bro!
I for one am happy that it’s dropping, just going to keep dollar cost averaging at a lower price.
George sounds kinda down in dumps.
Technical analysis is like astrology.
@kappaiota5105
2 күн бұрын
it is better than that, when done correct. It will give you an edge, like a card counter vs The House! _-there are zero certainties._ *-there are probabilities.*
People shouldn't be panic dumping, they should be panic buying at these prices😆
@onlypostthebest6104
2 күн бұрын
I definitely did
@dundergud9341
2 күн бұрын
This sort of movement always shakes out the weak hands.
@jpvoxdawg
2 күн бұрын
@@dundergud9341ya and then we lose all our retail investors and there's no adoption :(
So Cardano goes down with btc but doesn't go up with btc? Huh?
@The-Bengal-Boys
2 күн бұрын
Like all alts so far.
@chrismcalister4428
2 күн бұрын
Cause Cardano used to have 200k users and now has 25k users. Buy Solana, Etherium, or BTC 😉
60k dont worry its fud. 50k dont worry its fud. Soon 40s k ... and gonna say dont worry its fud. Meanwhile y'all lost 30%
I think it’s time to sell our luxury cars, George!
Two weeks passed since u said BTC would double in this timeframe. 🤦♂️
I hear you, but hasn’t the ETFs in these big companies increased the chances that they are able to manipulate the price like they do gold? I wonder if their involvement changes the trajectory of traditional analysis.
@AFTone144
2 күн бұрын
Gold ETF is easy to manipulate, there is no finite supply like 21 million BTC. They can only manipulate people, which in turn affects price action.
@Mat-threw
2 күн бұрын
What you’re seeing right now has nothing to do with ETFs.. it’s 3 things; Miner capitulation (Primarily), Mt Gox fallout, and leveraged longs getting liquidated. That’s the story
@Mat-threw
2 күн бұрын
German Govt selling also hasn’t helped. But most of that was immediately absorbed
the only reason to panic is if you are close to liquidation.
panic! panic buy.
Last five videos all the same content... Word salads talking about nothing but the same thing.
Looks like soloway was right and you were wrong
Was definitely not tough. We bought at 53k 🎉
George, why did Filecoin pump in 2021 and do you think it can happen again in the next bullrun? I feel like it could be tremendously undervalued.
I am out of $$ to keep buying the dips..should of waited
Germany unloads BTC to reinvest in Ukraine war effort. Money well spent, lmao.
Thanks George
Not you and no one knows how low it can go. Every time someone says it can go blow this, it does. Everyone is guessing.
Patience is the key of success 😅
Where can I buy xai
Had I bought btc 10 years ago on Mt Gox and waited 3,600 days wondering if I would ever get anything back. I think I would probably sell now. If I promised my wife a new house for 10 years, I would say uncle. I think "some" may hold but a much bigger number than George thinks, will sell.
I am wrong. We are all wrong
@truleyblessed7406
2 күн бұрын
Alot of agents online . But can’t keep the harder -working ones’down
@Cope699
2 күн бұрын
@@truleyblessed7406🤖
@kelz692
2 күн бұрын
Brilliant😂
@Cope699
2 күн бұрын
@@truleyblessed7406 🤖
@joemartinez7746
2 күн бұрын
Amazing comment
George is lost 😂
@8:52 ohh sweet release
Only Noobs would panic It’s time to Stack!!!!❤❤❤
All the price after having event was wrong!
Loving Vematum! Just got my hands on some, and it's amazing! 🌟
I'm liquidated, we're all liquidated
@randalljunemann2262
2 күн бұрын
Don’t play leverage, and you won’t ever be liquidated
*just pay attention to alt coins*
Obviously the market is manipulated. What are you to do? Sell all your positions and miss out ot say fuck it and wait it out? Stressfull, but unfortunately like they say we will never see this wealth transfer again in our lifetime. And unfortunately we have to choose.
It’s a gift to grab more at a discount!
I’m hoping the price drops more. Good buying opportunity.
It wasn't a crash. There were huge amounts of put options purchased that compressed the price down. There were tons of people that made a lot of money off this downswing. I'm guessing it was the asset management companies and their associates that were approved for the ETF's
Everyone is buzzing about XAI70K$; is it the biggest news of the year?
lets just wish german stop selling already
Inundated with scams and scambots
Wake up bro. If you bought at $600 and you can sell for 50k. Jeeezus. Come back to reality it’s like a dream. These people are taking massive profit.
@PrivateInfo-xe1cl
2 күн бұрын
But George said no one would sell! So it MUST be something else, some magical unexplainable thing, not the totally logical and obvious thing that is actually happening right in our faces... This is getting problematic. I prefer honest analysis over hopium 100% of the time.
@jimmycharlene
2 күн бұрын
@@shawnkirkpatrick906 people buying shit right up too at 50 k its a market its a beautiful thing. People make it to complicated its really simple.
@kappaiota5105
2 күн бұрын
it sounds like you guys are new or inexperienced. What is "massive profit", really? Some may try to time the market. Some may simply need lifestyle chips (raw currency) and others may be forced to liquidate for one reason or another. Who are _THESE PEOPLE??_ - please gain some perspective, bro!
@jimmycharlene
2 күн бұрын
@@kappaiota5105 this retracement was already in the charts no matter what narrative you want to throw at it
@hercules8879
2 күн бұрын
Mt gox hasnt actually sold a lot yet lmao. That's the funny thing
Is this channel for the rich? Giving cars to fiancees, buying this, buying that. It sounds like people love showing off.
If George takes a dump we will all panic 😀
I’m not even a little bit afraid - this is all in a day
institutional buying into XAI70K$ could totally break the cycle and the peak expectation of end of 2025 will likely spectacularly fail to appear. If the last double peak was odd, the next one will catch most people out again.
It could go as low as $46k.
@hercules8879
2 күн бұрын
Could go lower. Never know. But it can definitely go lower than most people think I'll agree there
I'm buying everyday... looking towards 2025 and beyond.
security in the industry.
That's why stake .. never do l Leverage. You really want to help build crypto stake ... only cash our the interest and put more in bit by bit
Looks like 50k is the next major level where a lot of limit orders are waiting if that fails to hold we in trouble .
Can you and other KZread Gurus do something to stop these scamming bots. Going to stop watching you and the others on KZread. New people in Crypto get robbed by scanning a QR code. Please warn people
@jimmycharlene
Күн бұрын
@@robertcox3861 its you tube they own them. They laugh at you for getting scammed but dont want you to watch gun videos or speak truth remember that.
On the contrary opportunity of a lifetime 🎉🎉🎉🎉🎉
Xrp is lost hope best thing it do is keep you money steady
what happened gorge wasn't btc going to a million 😂 😂
@SteveErkelPoindexter
2 күн бұрын
It’s not over dummy.
@1Bob4All
2 күн бұрын
Yep, by 2030 BTC is supposed to have set a new ATH of US$600k to US$1 million.
@TheMarky26
2 күн бұрын
@@1Bob4Allaccording to who?
@1Bob4All
2 күн бұрын
@@TheMarky26 A variety of people and companies. Search for "2030 BTC price predictions". Arc Invests are one who is often quoted. Of course, none of us know for sure, so these types of predictions are based on estimates and conditions which need to be reviewed for each model.
@brettsilva7317
2 күн бұрын
Yes it is going to a million. It is also going to ten mill.
But.... Why does every Crypto influencer say to go all in 1-2 days before these massive crashes. It's the same message every single time. We're going to $150k. Put all your available cash into the system. 2 days later... Boom... Huge Sell off. It's the least organic thing. And it happens every time Pre-Dump.
@captainwohop
2 күн бұрын
Cuz these guys know as much about predictions as a fortune teller
@JG-od3xy
2 күн бұрын
Pig entrails and chicken bones
@mikudancelove4329
2 күн бұрын
Brother, I am bankrupt. The rest of my money is given to you as I am. I hope you are in a good mood. This is my wallet🤧😭 👇🏻👇🏻👇🏻👇🏻 renew enforce kick denial digital replace silver fetch fantasy plastic acoustic later
@LfunkeyA
2 күн бұрын
just be patient
@Adrian-nd1og
2 күн бұрын
As you said "crypto influencers:. They are not financial advisors. They are like bunch of monkeys dancing and screaming.
God was always Cantonese. The world is one big deception. All the investors are on the wrong charts.
Wrong. btc will be 20k year end.
I wouldn’t say get out but if you bought in Q4 of 2023 I’d be taking profits before it drops back to 20s
@jimmycharlene
Күн бұрын
@@jp5978 20k lol
what do they know?? :)
Will be Time to panic when btc M pattern Will complete...
More sxams and scambots every day. Like ants, or cockroaches or cicadas.
All the TA in the world goes out the window in the face of real world factors.
Bro, i bought XAI80K in may after your video. i'm up 379%.
Almost at the Bottom
XAI70K$ going up like crazy! Pick up around 0.67 and now it’s hit $1! I wish i had bought more!😂😂😂
Time to buy
Bought the dip... Please go down more...
Would u buy dip
@JTFSIX
2 күн бұрын
NO.....That's FOMO...Calm The fuck down.
I was only sad I didn't have any liquid cash to buy some budget btc
Might be the last week you can get XAI80K before it takes off 1,000%.
Vematum's technology is next level! So glad I found this early. 💡
That's awesome sir