Get my new Bitcoin book:
https://www.amazon.com/dp/B08RX8Q4ZQ

In this video, I discuss the recent Bitcoin "crash" in its historical context.

Bitcoin crashes remove leverage from the system and help to create a firmer foundation of dedicated hodlers, who have discipline and low time preferences. By contrast, fiat market crashes lead to bailouts, moral hazard, and more leverage entering the system.

A possible US Treasury investigation into crypto money laundering and a power grid outage in China are not material worries. Combined with lots of leveraged longs, they can definitely lead to a cascading sell-off as we have seen.

I am buying the dip. Bitcoin below $60,000 is an absolute steal.

Not investment advice! Consult a financial advisor.

Big moves down across all cryptos:
https://coinmarketcap.com/

Bitcoin leveraged traders get rekt:
https://www.bybt.com/LiquidationData

Rumors of US Treasury action coming:
https://twitter.com/InvestorsLive/status/1383746826096893952

Bitcoin hash rate collapses:
https://www.blockchain.com/charts/hash-rate

Bitcoin mining in Western China:
https://twitter.com/DailyMiner/status/1382906026782040067

Hash rate collapse of November 2017:
https://twitter.com/woonomic/status/1383672535133216778/photo/1

Hash rate already recovering:
https://twitter.com/woonomic/status/1383672541819006981/photo/1

Nic Carter on Xinjiang outage:
https://twitter.com/nic__carter/status/1383420965313339400

My favorite Bitcoin dashboard:
https://bitcoin.clarkmoody.com/dashboard/

Current stock to flow model price:
https://twitter.com/s2fmultiple/status/1383642771005661189

Adam Back on Bitcoin mining difficulty adjustment and hash rate:
https://twitter.com/adam3us/status/1383754623920443392

Check out my online trading courses:
https://www.trader.university/join
Use this secret coupon code to get a discount: YT99

Check out my Amazon best-seller, "A Beginner's Guide to the Stock Market":
https://www.amazon.com/Beginners-Guide-Stock-Market-Everything-ebook/dp/B07S31TBF5

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#BitcoinNews

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