The Crypto Crash is Hilarious. @Jason Pizzino @BRIAN TURNER INVESTS

23 January 2022 [link youtube]


Muscleman investment advice: how could this possibly go wrong? @Hiding In My Room #crypto #bitcoin #brianturner @James Aspey

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Youtube Automatic Transcription

well we've seen another bloody day on cryptocurrencies and it seems like that is getting to the majority of the market a lot of people are getting really triggered by the markets going down i could see that clearly from yesterday's video normally there's one or two percent dislikes typical that's what you would expect on every other video but yesterday 93 likes so thank you very much for you guys for hitting that like button three thousand on that but we did get an extra about five percent of people getting extremely triggered from the video that i mentioned bitcoin crashed i sold my crypto and to talk about selling at any points when the market is still up in the disbelief stage it gets a lot of backlash and for me a 50 level this is a major level says get out get some of your majority of position off to protect it because if 50 break down this is a weaker section of the market because of my age though i can be very risky with my investments so my net worth at the current moment is somewhere around 350 400 000 i i probably would have to go tally it all up exactly but it's somewhere around that level this is just something i've been thinking about lately and i just wanted to put it on video real quick i know there's a short video but i just wanted to make this point for me i'm already so sold on bitcoin that i would bet anything in fact i have i've bet most of my net worth over 80 of my net worth on bitcoin so what's my plan how am i getting to a million dollars well it's pretty simple at least the primary plan primary plan is to not care at all about everybody's emotional scariness and telling me that i'm an idiot and having money in the cryptocurrency market i truly believe that bitcoin will be past six figures relatively soon [Music] now where we are right now i think that bitcoin will be able to get to a hundred thousand dollars within the next six months basically my plan is that i'm going to sell about 40 to 60 of my bitcoin as we hit certain price targets with bitcoin so somewhere around 100 000 in bitcoin 100 000 like bitcoin price target i'll have sold maybe about half a bitcoin i think a lot of people were expecting the bull run to be over a lot of people were seeing 64 65k as the top and thought that we were just kind of playing the sandbox and then we were going to be going down into a multiple year bear market now obviously that's not happening i can be very risky with my investments but i can't give you investment advice and i can't tell you to yolo all your money into bitcoin like guaranteeing that it's going to go up past the all-time high but that has been my conviction and that is where i've put my money this isn't just me making up stuff this is over 100 years of experience and tested rules and signals from these guys i'm just an amateur learning how to use these rules myself and then sharing them online because i'm learning more by sharing them as well it's kind of like everything in life you can't really expect to be good at anything straight away from the beginning it takes time to learn a new skill and investing and trading is just like any other skill you need to put time and effort into learning how to do it seeing your portfolio go from 32 000 all the way down to 8 000 is not very fun so around this point i decided to panic sell the ngo microvision and i put half of it into bitcoin stocks now at the time elon musk had just tweeted that tesla is going to accept bitcoin for payment and bitcoin shot up to over sixty thousand and your boy genius investing daniel right here decided to put half his remaining money which had just plummeted by over 50 already i put the remaining of that into bitcoin stocks which then i think yeah bitcoin crashed because tesla then elon musk then changed his mind he said oh wait we're not going to accept bitcoin anymore then china also clamps down on bitcoin mining crypto crashed and so did my portfolio crashed even more i i haven't pulled out any bitcoin during that that dip all the way down to 30k something like that during this last three four months i think in november we're gonna be above 98k i think in december we're gonna be above 135 now here's where it gets interesting though where does it go after that is 135k the top why why why why why plan b has said in the past that he has two different stock to flow models stock to flow and then stock to flow x we have plan b you know shouting from the rooftops that we're going over 100k guaranteed by december he predicts that it'll go to 288k at the top and in a podcast he did i listened he said that that's just what the model predicts will be the top side but he believes when euphoria is kicking in when fomo is kicking in that that top target will actually be exceeded during the blow off top and will go above 288k to then quickly you know crash correct and then go down right so right off right at the bat from the horse's mouth that everybody is listening to the horse he thinks in his opinion and he's putting his rep you know reputation up on it 288k is in the bag he didn't say when so probably in january maybe february so many of you have purchased bitcoin because i've talked about it so openly and i'm getting a lot of messages and dms and comments of you guys saying like i bought it 30k i trusted you and now i'm i've seen so much profit and it makes me super happy [Music]