This Altcoin has Amazon running Scared! (The Future Of Vechain)

 and right now going to the million

dollar question have we done so how we

reached the bottom with Bitcoin yes or

not and why and um what are the what is

the worst case scenario for Bitcoin

either in October we can talk about

October and in the following months I’m

in agreement that we haven’t reached the

bottom in Bitcoin yet it doesn’t mean

we’re not going to get bounces and I

think sentiment is someone on the

bearer’s side right now so we may have a

short-term bounce coming in Bitcoin but

I don’t think the bear cycle is over for

a couple reasons number one you have the

stock market that I don’t think has

bottomed the US is kind of moving

towards a recession we know there’s

there’s generally a global recession on

the horizon as well so all of these

things will take money away from people

that would normally maybe invest some in

Bitcoin in addition past Cycles Bitcoins

always corrected 80 to 85 percent we’ve

only dropped about 70 to 75 so you would

think that there’d be a little bit more

downside and in addition I don’t think

we’ve seen a full washout one of the the

comparisons I drew before with the.com

era in the late 90s and early 2000s you

really saw this nasty washout and we

really haven’t seen that you haven’t

seen all you’ve seen some projects go

bankrupt we know Celsius and a few other

things but you haven’t seen a real major

wash out yet where you’ve demolished and

a lot of coins have gone to zero

the largest cryptocurrency has been

moving sideways as October Marches On

and the cryptocurrency experiences

downside volatility on low time frames

the sentiment in the market is neutral

with upticks towards the bullish side

but on higher time frames bitcoin’s

price has remained constant for months

at the time of creating this video the

Bitcoin price trades at 19

150 with a two percent loss in the last

24 hours and sideways movement in the

last seven days

due to macroeconomic factors the price

of Bitcoin is range bound at its present

levels with occasional retests of

resistance at twenty thousand five

hundred dollars

on the other hand ethereum has been

following the general Trend in the

crypto Market giving back its profit

obtained over the past week at the time

of creating this video the price of the

second largest cryptocurrency trades at

one thousand three hundred dollars with

a two percent loss and sideways movement

in the last week

other cryptocurrencies in the top 10 by

market capitalization records similar

price action with the exception of xrp

this token is demonstrating strength

against the trend and continues to knock

on profits over the same period in a

recent interview the chief Market

strategist of inthemoneystocks.com

Gareth soloway discusses the next PATH

for the markets please watch share and

like this video as Gareth soloway breaks

down all the uncertainties if you have

any comments or observations please drop

them in the comments section below and

subscribe to the channel thanks and so I

think you still have to see that full

washout which is actually very very

healthy for the market it’s what you

want to see if you’re a long-term

believer in Bitcoin like myself now in

terms of a worst case scenario

um so my general Target in my best case

is 12 to 13 000 that’s where I I think

the the best case would be my worst case

unfortunately would be 3 500 which would

put it in alignment with

amazon.com.com collapse so in in 2000

and amazon.com topped out in the.com Era

and it collapsed 95 and so if Bitcoin

were to do that it would put it around 3

500 that would be the worst case

scenario

um so I’m not sure if that’ll happen

though and what are your thoughts uh

about October uh what can we expect for

the followings let’s say four to six

months so in October at least uh for us

now I’m actually slightly bullish near

term but going out four to six months I

do think we head back down I think by

mid 2023 to to the to the second half of

2023 is when Bitcoin would bottom out

per last Cycles the last few cycles and

I think you’ll see that coincide with

the global stock markets having another

leg lower once they see that we are in a

global recession and then the biggest

question for me is that in past

recessions in past tough Market times

the central banks have always come out

and printed money with the US now having

a higher inflation rate it’s very hard

for them to print our way out of a

recession and so if the FED can’t print

us out of this next recession it means

it’s going to be a long drawn out

recession and that’s going to be really

tough for the the financial markets to

handle you said that we’re going to

reach bottom in the second half of 2023

that means that you’re predicting and in

your opinion

um 2023 is going the recession is going

to last longer than people think I think

it that’s exactly it and I think the

kicker here is you know past recessions

for the last 20 years whenever we’ve

gone into a recession the FED has

started quantitative easing which is

printing money or lowering interest

rates we’re going into now a new type of

recession we haven’t seen in a long time

where we have the high inflation and we

know that if they start lowering

interest rates and printing money then

inflation is going to go even higher so

it’s going to make the FED unable to get

us out of this recession which I think

Keeps Us in recession for a longer

period than normal yeah so I mean you

basically have this scenario where the

FED has kind of been The Rescuer the one

coming to the rest Rescue of the

financial markets every time we go into

a tough period and they they just won’t

be able to this time at least not as

early on as the markets would like what

is your strategy at the moment uh are

you dollar cost averaging all the way

down what would you not recommend but

what are you doing right now what is

your strategy yeah and that’s a great

question and number one you’re right I

mean this is a lot of kind of sobering

talk that we’re doing here but I want to

remind everyone that from these type of

events the best opportunities arise and

so you know you know people make more

money by buying things in a bear market

and then the rebound afterwards is

tremendous and so I actually say to

myself when we go through tough times I

always look at it in a positive light of

saying okay this is going to give me a

great opportunity to buy gold buy stocks

buy buy Bitcoin at the right levels and

so going to that yeah with Bitcoin what

I would recommend and you’re right I

have no idea where the actual bottom

will be all I can do is look at the

charts and let them guide me so I think

when you’re below 20 you basically start

inching in with very little amounts and

you just dollar cost average all the way

down so so for instance what I like to

do is I divide the amount of money that

I want to invest in Bitcoin let’s say I

have a hundred thousand dollars um and I

would divide it into five segments of

twenty thousand dollars and what I would

do is let’s say at 18 put 20 000 in and

then at 15 another 20 and then it’s that

12 another 20. and the idea is that you

don’t know if it’s going to bottom at 15

at 10 or 12 but by just kind of throwing

the money at equal installments on the

way down you’re you’re gonna guarantee

that your average price will be

relatively good for the next Bull Run as

outside of like putting money in the

markets or not uh would you recommend or

what is your strategy in terms of like

are you keeping cash at home are you

like what is your strategy in terms of

like Banks and Fiat money so so in terms

of Fiat money like I think it’s always

smart to keep some money in at home just

in case you go to the bank in the bank

is closed down or there’s a you know a

grid failure or something like that

where you can’t get it right yeah

exactly anything like that so so I don’t

have a lot but I have kind of the

emergency you know amounts and then I

also am a big believer on having some

gold and silver on hand because again

even if you run out of fiat currency or

let’s say the dollar collapses or any

currency collapses gold and silver

should hold their value and you could

always you know go buy something with a

little piece of silver or something like

that so what do you think is the future

of Bitcoin tell us in the comment

section below and also don’t forget to

like And subscribe see you soon with the

next video thank you