Caroling For A Stock Market Bounce
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Kohrs Crypto w/ Matt Ep. 1
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BTC, ETH, AVAX, SOL & SHIB
Kohrs Crypto w/ Matt Ep. 1
Want better Stock trading?
πππ FREE Stock, No PFOF, NO Market Makers: https://public.com/MattKohrs
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πTechnical Analysis: https://amzn.to/3p6QYk8
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Video As A Podcast:
π§ Apple: https://podcasts.apple.com/us/podcast/moon-money/id1550699494
π§ Spotify: https://open.spotify.com/show/6kdJCHY0VMqLzIxwCHU59A
#DumbMoney #KryptoKohrs #MoonGang
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RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results.
Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
DISCLOSURE:
I have a beneficial long position in the shares of AMC & GME either through stock ownership, options, or other derivatives.
So so so hey, hey, hey, hey, hey, hey! We somehow made it to your favorite crypto show on the planet. We are here. I'm not gon na lie the names being a little bit workshop, crypto cores course. Crypto crypto cores with with me, matt, crypto and and and something crypt course course crypto and matt, and me matt, hey i i hey: oh hey, i'm matt and we're here to talk about stuff that happens on the interwebs.
What is going on so unfairly brought up? It was an inopportune time to have this scheduled to kick off man. This is crazy. The grand opening the grand opening of a whole new show i'm not gon na lie. I haven't been this kind of nervous in a little bit and i think it's exciting.
Sometimes you have to try out something new and see how it all goes. But yes, yes, yes, yes, yes, i'm excited and i'm more than excited by the fact that i finally got my santa hat. We also have a little good luck. Christmas tree going a little thing lit up right here.
Let's do this thing. I know i know i know i know not the best time to start a crypto show with things being very much in the red, the equities markets in the red, the futures market's in the red, the cryptos market in the red. But i think, when we're doing our year review december 13th of 2022, we're gon na be looking back on this and say yes that intro was cringeworthy, not sure. If i liked it at all, maybe by then we'll have a more solidified name for the show and number three, i think we actually might look at this overall in the crook, the market for as a wonderful dip, buy opportunity.
If i'm being completely honest, so i'm excited for that when we're gon na do the year review one year from today, let's see how this entire entire grouping of insanity really really plays out, but i'm excited to bring this to you. I myself have been involved in crypto not heavily for a couple years, uh actually ever since college, but more recently, over the past six to eight months, i've been spending a lot of my own personal time. Reading, studying and through all the other streams. I get a lot of questions about it and i understand that this is a deviation.
It's a deviation from the equities market. It's a deviation from market manipulation. Well, a little bit, it's a deviation from quite a bit. So if you like crypto, that's awesome.
This is the place for you to be, and i just don't want it where, like the other, show it's like kind of the fight of like what is or isn't going on, so this will be 100 specific to crypto and the world of cryptocurrencies and all that Stuff does this impact any of the other shows absolutely not. We still have the morning show. We still have the power hour show. This is a whole new show, particularly dedicated to crypto, and we're talking about.
What's going on it's gon na, be it's gon na, be a lot of fun stuff. We're gon na go over the daily news. We're gon na talk about opportunities. We're gon na! Do some interviews we're gon na answer, questions we'll! Do some teaching sessions really anything related to the world of crypto is completely free game and with that being said, honestly, if you have things that you want to particularly hear discuss, get into that, i'm only a dm away more than happy to talk with you and Kind of get all this rolling, but for this man i am particularly excited. So let's kick it off with the pilot episode and let's, let's kick it off with kind of the one that got it all kicked off to begin with in the world of crypto. Let's talk a little bit about bitcoin and hey. I also hope that you're enjoying the whole new overlay there, i think it's some cool stuff. We've been working on that in the background and right now we're coming in and yes bitcoin, the granddaddy of them all um.
Not doing the best today, it actually was up above 50, 000 no less than 24 hours ago, and now we're taking a breather at 47.5. The overall crypto market kind of dropping off of, like recently kind of pushing that 3 trillion dollar area. Now we're at 2.1 2.15 so we're taking a breather, but basically the top guys which for point of transparency, i'm in all. Well, i don't tether but bitcoin in ethereum.
Don't have any binance solana number five we're going to be talking about that there was a hack, we're going to be talking a little bit about cardona whoa, hey, that's working! The new alerts are coming in. I, like the look. I like the look right there. That's awesome um.
So, overall we are seeing a bit of red just to kind of give you a little bit of an idea right here. So this is the four-hour chart. Obviously, bitcoin was trying to recover, but we're taking a breather. This is like almost a quadruple: bounce off of 4700.
ethereum actually went sub 4000, almost sub for 3750, so solana taking a notable hit, and this isn't just a natural one. This does relate to kind of a cyber security. I guess question also just a blatant attack. Potentially a ddos attack, i will be explaining that and the avalanche excuse me taking a breather all the way down to sub 80 now so right.
Now, yes, kryptos taking a hit. It's not horrific. There are some things that are influencing this all and we're going to be getting into that, but i still still wholeheartedly believe you fast forward a year. You fast forward five years, you fast forward 10 years any of these prices.
Now, man, i think it's still an absurd discount. It's just really a functionality of time. So, let's hop into some of the exciting news, so in the short time frame tomorrow and particularly wednesday, will be very impactful to not only crypto but equities, and i'm talking about the fed meeting. The federal reserve is having their final meeting of the year.
It starts tomorrow. It concludes on wednesday, and it's all going to be about tapering rate hikes inflation and, depending on what is or isn't said, we're going to get some volatile, extremely volatile moves. Now, with this the way it really impacts, the world of crypto is whenever you're talking about yields and inflation you're also going to be talking about inflationary hedges, very, very important, incredibly important. So with this, the way bitcoin fits in there and some other cryptos to be fair people are of the argument that bitcoin is digital gold. It is a solid inflationary, hedge and just to remind you most recently, the report came in at 6.8 uh. We are tied at roughly a four decade: high inflation is very serious, and then that leads to the other question of well is bitcoin, a legitimate inflationary hedge and it's one of those things that it's a self-fulfilling prophecy. If enough, people think that it's an inflationary, hedge well, then they're going to buy it when they think there's inflation, and it then becomes an inflationary hedge, like many things in this world, it's not like it was created and like this is exactly what it's for. It's.
How people choose to use it and we actually have some commentary from elon musk about that one, but coming to the fed and yields and interest rates and all that good jazz. It's it's crazy at first, like it's transitory, as in it's only temporarily here and then more recently, both pal and yellen were saying that we should retire. The word and powell was surprised that everyone's taking this like he's like they're, just taking it too far like they, want to retire the word transitory and in in real time they were gaslighting us about the meaning of it. But you have this worst.
Inflation call in history and it's kind of funny. Most people were like okay, a little bit of a smaller time frame, but pal was basically saying it's transitory, as long as it doesn't last forever, as in eternity kind of crazy calling, inflation transitory was historically bad move for the fed. The comments came after the labor department reported that the consumer price index rose six point eight percent from a year ago, in november. Just so you know, estimates was at six point seven percent.
The fed has a policy meeting this week during which it is expected to act to combat inflation, as in increasing the rate of tapering of the bond purchases, as in lowering it back to zero as rapidly as possible, and hopefully, some commentary on interest rate hikes. As of now, it's pretty sure pretty sure that we're to have one in the year 2022. But now people are starting to question. Are we going to get two different rate hikes? So that's the short time frame uh, but we do have some.
I guess interesting comments and developments with elon, so elon is an outspoken supporter of crypto bitcoin. Obviously, he's also had commentary on such as doge uh, but he actually just got times person of the year and with that i wanted to share a little bit of some of his comments before we get into these other stories. So right here i could really sort of wax on about the nature of money for hours, because i played a significant role in creating uh paypal and so my understanding of the the money system at a fundamental level of how it actually works. The detailed mechanics of it is, i think, there's there are very few people that understand it doesn't mean bitcoin. Uh is an interesting example. Obviously, the the prime mover on this um, but the transaction volume of bitcoin is low. Yeah uh and the cost per transaction is high. It is uh, at least at its base level.
Uh suitable for maybe an exchange, a store of value but fundamentally um bitcoin is not a good substitute for transactional currency right, um and um, even though it was created as a silly joke. Dogecoin is uh better suited for transactions. Why is that? The total transaction flow uh that you could do with with um dogecoin is substantially more than like. Transactions per day is much higher than has much higher potential than than bitcoin uh.
It is uh slightly inflationary um, but that inflationary number is a fixed number as opposed to a percentage right. So that means over time its percentage, inflation actually decreases and that's actually good because it encourages people to spend and rather than sort of hoard it as a store of value. So before we go too far, if the next question is matt you're doing morning, streams, you're doing power, hour streams, you're doing crypto stream, is there space in your life to do streams related to celebrity haircuts and hairstyles um? I am way ahead of you. Yes, that is in the works we will be coming out with a matte course like hot takes type of channel, where all i do is on a scale of 0 to 10.
I rate celebrity haircuts. Obviously there's going to be a lot there. So that's going to be a long show, that'll, probably be from like 10 p.m - till 10 a.m. We're thinking like a 12 hour show and like it's just gon na be rapid fire like what do i think about this haircut? Yes, that is in the works.
There's just some like patent issues and naming issues that we're working through, but um be on the lookout for that uh, just a just a really basic 12 hour stream, where i give all of my thoughts on celebrity haircuts, but with it i very more seriously want To talk about some of this commentary there when it comes to crypto, i personally like the theory of think of it in three different tranches. You have store of value and that's kind of what people are referring to with why it's good to put there when you're in an inflationary environment. So that's a store of value similar to gold, and that's kind of i guess, a value that bitcoin itself fulfills beyond that. You have a lot of these new utility projects, such as ethereum ethereum's, the main one there to talk about it and that's where you're going to get these daps and d5s and nfts utility you get something out of it. It's very very impressive technology and then i like to think of the third as actual digital currency um. So it's just supposed to be very, very cheap and very very fast and yes, he's right. Doge did start as a meme, a joke, but i think the way our society, our global society, is progressing, that it makes a lot of sense that we're going to need kind of one unified currency and hopefully out of the hands of a form of government and Actually, we're going to be talking about that very very quickly, but i like to think of that as the three main pillars, a store of value, a utility and then a straight up. Digital currency um.
So just want to give that this just came out after he got times person of the year. Another thing i wanted to quickly show you right here right now with the crypto dip overall. Am i in any sense of the word, worried whatsoever and the answer to that is very honestly truthfully not. I have not sold any of anything.
I just added more crypto to my portfolio and there are many reasons for that, but even take this. This is just breaking news: five hours ago, 243 billion with a b uae wealth fund to invest in crypto ecosystem when there is this kind of money at play, these people have done their research, and this is just one example of many i mean i think another One was a bank of england thing uh, but 243 billion dollars a new crypto like a a crypto ecosystem. All these insane things that we're hearing about nfts about the metaverse. I strongly believe that crypto is here to stay if you're, watching it day over day.
Like hour over hour of, what's it going, i think you could drive yourself a little bit like kind of crazy with all that. I think it takes time for some of this stuff to come to fruition. I think it's a longer term play and very honestly, i know people who are good at trading they're in and out and they're watching the charts, but i think for the average person, especially probably the person watching this. There is so much to be said about the fact that most people, most people who i know who have made considerable wealth off of crypto - they got in early, they bought and they sat that was their game plan.
They weren't actively trading. They weren't doing this. They weren't doing that they got in early and they waited and they sat and when they were done waiting and sitting they did that some more. So, yes, is there opportunity to actively trade based on high volatility.
There is, but that skill set is few and far between, so i just want to put out there that for the average person and i'm putting myself in there, it is far far easier for me to get involved with crypto. I sit and i wait. I sit and i wait the idea of like having to actively trade day in and day out, that's useful for some people, but definitely not for all people just wanted to share. I guess my my two cents on that one modi's twitter account the pm of india was hacked with an announcement. India would adopt bitcoin. This is particularly funny because india is kind of against crypto and yes, he was hacked. So this was what the tweet said. India has officially accepted bitcoin as legal tender.
The government has officially bought 500 btc and would be distributing them to all residents of the country. Now, obviously this didn't happen. He was hacked uh. It was just to me.
I really like that troll nature of crypto, because india does not recognize bitcoin as a legal tender. India has recently entertained the idea of a ban on crypto. Last month. Modi's government said it would be preparing to introduce a bill that would prohibit all private cryptocurrencies in india.
Now, to be fair, a little bit about this, they didn't really define what a private crypto currency like is so there's a little bit of leeway there, but the description of the bill also said it would allow for certain exceptions, to promote the underlying technology of cryptocurrency And its uses, so for me i think this is just like a hilarious troll of they hacked it. They had the ability to hack an entire account and then they just switched it over saying that they're gon na accept crypto. As a like. I don't know i i find that particularly comedic um, so a little bit of headway there uh in we also, we know, there's continuations of headways and issues or i should say headwinds in china in india and then obviously the us has its own regulation thing going On but there are prominent people such as elon musk, michael saylor, cuban, who are highly supportive and well known in the u.s, so a little bit of a different scenario here, but all very important stuff to pay attention to and to kind of weigh out before i Go on ah, okay, i want to talk about this, but it's all going to tie together.
So just give me a second for it. Um speaking of china, they have had this ban. Bitcoin mining has totally recovered from chinese ban, so one thing that they used to check this out is hash rate. Overall, you could say: that's basically, the cumulative amount of total computing power at whatever is going on at that moment in time for mining and obviously bitcoin.
It's proof of work, you need people, you need these mining rigs to rhyme to mine and it has been banned and obviously it took a slump, and i think the number came in at 193 194 as like kind of returning to this max hash rate. But that's kind of interesting because, if it's banned in china that tells me that either a lot is springing up throughout the world or there's like an entire new age of these more impressive miners that more and more people are getting their hands on. And i bet the answer's somewhere in the middle, a combo of the two, but also with it. Coming back to the uae fund of yes, there is a dipping crypto right now, but these mining rigs are not cheap and the people who own them have done their due diligence. The people who run that uae fund for almost a quarter trillion dollars have done their due diligence. The fact that we're seeing these big players continue to put their money into the world of crypto makes me far more confident that what we're seeing overall is just simply a blip in the radar, that's it they had a great year and hey. We still have a couple months weeks to go to the end of the month and anything can happen. Things can shoot up in a very, very quick and volatile manner.
But overall i guess i'm just trying to illustrate that you don't have to borrow my confidence on any of this. You can look at the flow of true whales and what they're doing and right now a lot of whales are going out of their way to continue to back and pour money into the world of crypto and we're just seeing that on various different metrics um bitcoin. Having this is a little bit more technical, but basically every 210 000 blocks that are finally solved for uh because of mining, which is roughly every four years. The rewards that get paid out get cut in half right now.
The reward is around. I believe 6.25 way back in the day when bitcoin first started there, it was the reward was 50, so we went from 50 to 25 to 12.5 to 6.25 and so on. Every two hundred ten thousand blocks you're going to have and around this having cycle, which is going to be in a little bit under two and a half years, uh high volatility. But if you check this out on 100 trillion usc, this is plan b.
This is kind of a cool way to look at with timing and how it's behaved uh. Once again, you can see kind of where we are and overall this is seemingly a normal cycle. It shoots up, takes a breather shoots up, takes a breather, but look how all of these peaks are kind of roughly like the fact that they've colorized this i like it um. So this is over a longer time frame like you're, not going to use this chart to tell you what to do this week this day this month or anything in a short time frame.
But overall, if we see this pattern, it shoots up, it kind of takes a breather, doesn't go too nuts shoots up, takes a breather shoots up. I think, as we get closer and closer we're going to be taking that breather, but then from there i think the next overall cycle, if we're counting it in a four-year increment or these 210 000 bucks for btc, which is very akin to the s p. 500. For the overall market, i think it goes haywire.
I think it goes absolutely haywire. I think right now i said i'm bullish, i think, there's still upward movement, but i think when we really get underway for the new push man, i think things are gon na. Go absolutely nutty but check this out. It's a cool twitter account.
A very well-known big twitter account, but uh some interesting graphs that you could check out and let's say: bitcoin behavior at 47.5, 000 mirrors the pre-breakout of 2017 market, and there was a really cool. I believe weekly chart right here that we can see this is tech dev, just kind of pointing out similarities in the rsi, the stochastics of just how things are very low and we had the fake out breakout. We had this back in 2017 once again right now. So looking for a base, things are kind of calm a little bit bearish, but i think once we establish that next base and start to develop momentum. This is some great charting. I just wanted to bring that to your attention and there's one other thing of just pointing out 2017 so took a couple of tries, and then we were coasting uh on number five but like if we're looking at the present, if it matches up so the saying With ever market, whether it's equities, futures or crypto, the pass doesn't repeat, but it often rhymes so we're looking for this to kind of rhyme. Again, a nice push back up or an initial rejection. We form a cup and handle and then kind of pop over there, and if we do that, we're kind of looking at february 2022.
So if you want to market calendars for that, but once again none of this is decisions that should be made like on a day. It's a little bit. It takes a little bit of time, so it'll be cool to see if this comes to fruition or not, but people from a technical standpoint are pointing out some of the positives that are currently running on in bitcoin. Some of the negatives, though, relate to solana solana on chain development increases after recent ddos attack, the surge in on-chain development activity for solana comes in the wake of a recent ddos attack on thursday that slowed down the network considerably.
The fifth largest blockchain managed to mitigate the issue without a network shutdown, but it raised serious concerns over network vulnerability and you're about to find out. It all relates to its consensus model instead of proof-of-work proof-of-stake. This is actually a little bit of a different spin on proof-of-stake. It's called proof of history, which is been become popularized by solana.
The ddos ddos attack refers to a coordinated botnet, targeted activity that overwhelms a network with fake traffic. If you have any background in the world of computers and this type of stuff, ddos is like by far one of the most common you basically just like bloat their servers. Many experts blame the coordinated ddos attack on the fundamental design, flaws and solona's proof of history. Poh consensus mechanism earlier, a grayscale investment report also flagged solana's, poh use and said the salonic consensus mechanism uses a new blockchain technology that is not widely used and may not function as intended.
There may be flaws in the cryptography underlying the network, including flaws that affect the functionality of solana network or make the network vulnerable to attack. What i want to point out here, a couple things: i'm in solana, i'm long on solana there's a lot of maybes and once again this is already back up and running. It's not like solana's down right now. Um, i think it's kind of cool. Maybe they could take more of the cardano approach and do more of like a peer-reviewed type of thing, particularly for poh, but overall solana, which i believe is intimately tied with ftx. It's a strong project. I really like it. It's a leading utility coin right now.
It's the number two utility coin, but if you're in solana and you're wondering what in the world is going on, right now seems like it's getting hit. That's exactly why it's getting hit, and i'm particularly watching the support of 137, which was actually my entry and if we get the gift of being able to pick it up at 116. I would also, additionally do that talking a little bit about stocks and the intersection with crypto robin hood partners with chain chain analysis um ahead of crypto wallet launch. So this is one of the big qualms with things such as robinhood uh, weeble public.
When you have these stock brokerages a lot of them, a big thing in the world of crypto is actually owning the crypto. Now, with these at least when they all initially rolled out, it was very, very, very fancy ious, they weren't, acting as wallets as in. If you bought crypto on these brokerages, you couldn't sell them out, like you, couldn't transfer them out. You couldn't really do anything like.
I said it was an iou exclusively with the brokerage. You didn't actually have the crypto and it seems like right now that robinhood is attempting to. I guess, get their wallets going. They thought they were a little bit funny here.
Um 420 71 doge paid a network fee of two cents, so it sounds like they're getting going with crypto, and i have my own personal opinions on robin hood. I think the social damage that's been done by them, removing the buy button in january and then lying to the public about it of why they didn't and what was going on seems a bit weird. I don't know how they come back. I mean in the most recent quarter: they burned 1.3 billion dollars, they didn't add sheep.
Previously, in the start of the year, they were exclusively saved by the payment for order flow of options. Trending then they were so saved by the amount of doge training they didn't. Do sheep, which could have saved them in the next quarter, um? I think if they have any hope of like stopping the hemorrhaging, that's occurring as a business, they need to get more into the world of crypto um. I don't know this all relates just by like this partnership.
All comes down to kyc know your customer uh said the integrated partnership with robinhood crypto will help the training app meet compliance requirements and have of its crypto wallet expected to roll out for all users. In early 2022, so they don't currently have it uh, but they're. Looking they're targeting early 2022. uh chain analysis works closely with regulators and law enforcement to develop industry best practices and the approaches align with robin hood's commitment to working with policy makers in a collaborative manner. Some that some very fancy schmancy pr illegal mumbo jumbo. I find it a little bit like on the nose commitment to working with policy makers in a collaborative manner, as in they're like actively currently lobbying in the world of stocks, to like continue to support payment for order flow. So i guess, like that's their political collaborative manner, but i wanted to bring it up because, depending on what wallets they do or don't have, you could see some movement within the world of crypto, very quick, additional update into the world of dog based coins and moon Stocks sheepy new, now accepted at gamestop. Obviously i think that's pretty cool it's all through gemini's backed flexa.
So i want to give you that quick update, it's also lowe's in nordstrom, but we're seeing more and more of these coins that a lot of media doesn't like whatsoever whatsoever, actually being accepted for payment opportunities uh at various businesses. So, just more and more adoption metaverse company infinite world to go public in 700 million spac merger. They are going to be training under jpg. I think this is really cool, obviously relating to the world of metaverse more and more traction there.
It seems like every day. There's very very cool articles, an opportunity in the world of metaverse nfts, this type of stuff i find to be particularly interesting. Uh, infinite world helps brands, create and monetize digital assets and nfts and engage with consumers and fans. It's partnered with 75 creators they're going to be trading under jpg equity value of 700 million, depending on what goes on in the world of crypto.
I very much expect this number to go higher and higher and higher um provide they're. Getting from this deal, the spac deal, which is basically a blank check instead of ipoing or direct listening, there's already a company who's done all the paperwork to trade. Then they buy equity in the private company, basically allowing it to go to the public market. So they're raising 171 and we are targeting 2022..
So not it. It's gon na take a couple months to get this all done, but overall, with up to 15 trillion of wealth expected to flow into digital assets over the next 10 years, we are witnessing the birth of a new global asset class and economic system, and i honestly 100 agree with that the amount of opportunity right now it's going to be one of those things a decade or two down the line, you're going to be like just imagine if i got involved with that, but sometimes people accidentally make mistakes. Someone accidentally sold a board ape nft for 3 000. Instead of three hundred thousand talk about a two hundred and ninety seven thousand dollar fat finger mistake: the seller of board ape three five. Four seven accidentally listed the nft for sale at point, seven, five eve: three thousand dollars: instead of seventy five, eight three hundred thousand, it was almost instantaneously purchased and then put back up for a quarter mil imagine making that type of a mistake. That is a rough rough day that isn't a fat like a 300 000 fat finger mistake i mean i've made mistakes entering buying when i meant to sell selling when i meant to buy, but nothing along this size. I mean that is absolutely crazy. Um and that's brutal, that is brutal, brutal brutal, but on nfts uh we did just have a new drop from amc here you ask you get it it's time for amc's third ever nft, so we have some interesting things going on with, i guess: adam aaron.
The leadership team amc movies nfts, and now they have the third one we have secured 20 matrix nfts for nifties and warner bros will be given away on amc, social channels starting monday 1pm, which was about an hour and a half ago. The matrix resurrections opens december 22nd. So for me i didn't get it. I mean i missed it.
There weren't many uh. I would love to know if any of you got it at all uh, but i didn't get any. I the fact that there's only 20 like i actually think they could go for a pretty high value, but with this there's obviously spider-man no way home also nft is there and then just amc ownership nfts with all of these, especially the spider-man, no way home ones. Don't get scammed there uh.
There are certain problems where people are basically reselling the ticket and not the nft but they're making it look like they're reselling, the nft for a lot of money. So whenever it comes to the world of crypto, there obviously are scams. So please please, please, please, please, please be careful with anything related to that. I just wanted to quickly run by what's going on there overall crypto's getting hit right now there is no, if ands or buts about it, i mean i am if it can't hold btc.
Just broke through support at 46 000. The next thing i'm watching is 41 000 resistance, resistance, consolidation support. Looking for that support again, but that's all on the caveat that we don't recapture this trend line of 47 000.. So i'm watching 47.
But if i continue to see weakness, i'll personally, attempt to buy the dip as close to 40 000 as possible same news with ethereum, i'm looking for the drop to probably 3600 3400 seeing if it can find any support there. And i truly believe that if ethereum returns to sub 3 000, that is a magnificent buying opportunity, so lana is getting crushed right now, uh on the back of the ddos attack. That's now, prompting more fear would love to see the support, see some demand step in around 137. I think the abnormal drop in solana right now is going to be short-lived, definitely short-lived avalanche. Also taking a breather if we get to 70. I said sub 80 is good. I still believe that, but in terms of technicals rejection rejection, rejection, rejection, i think that could be some solid support want to see how it reacts. There manic's been doing abnormally well lately kind of holding up better than many other kryptos.
I'm in on matic and the other one i wanted to talk about is cardano. Cardano had been doing really really well, took a breather ripped and then it wasn't really doing anything. And now it's kind of bleeding, i'm clearly watching the support at a dollar. Look at the amount of bounces off of a dollar: a dollar a dollar similar to ethereum, similar to solana, uh cardano, charles hoskinson, io, hk um.
That's the company and a lot of similarities with ethereum, and that's just because the team kind of spun out of the ethereum team in all reality and cool stuff going on in cardano the price action i find to be particularly upsetting, i'm in on cardano. It is a proof of stake consensus model. They have smart contracts, people are building nfts, like i said it's in the world of salon. It's in the world of ethereum.
I think that this one is currently representing a unique opportunity just because of how much it's beaten down um. It does still it's highly it's number six. It's not like this is like a random crypto project that came out of nowhere solana's number five cardano's number six uh this one, it's been upsetting ever since september, but coming back to some of my most original comments to kick this all off one of the biggest Lessons i'm learning in crypto for sure. Is you find the projects that make sense to you that aren't just randomly being pumped you've done the dd? You agree with what the team's trying to do.
You think that it has not only a techno technological, but also a place just in our future society and culture. I believe that with ethereum solana cardano for sure, through the main utility coins, so this one yeah, i'm not gon na lie. Obviously, it's been painful ever since september. I hope it finds support earlier uh.
It would be earlier rather than later, would be amazing uh, but with it it's painful watching the support at a dollar technical support, also a key psychological level, and, let's see if all these, especially starting with bitcoin, similar to the s p 500. A rising tide raises all ships, so the main one i'll be watching comes back to btc, and i want to know that if buyers are finally going to start stepping in which i don't think we're that far away from it at all, mainly because of the amount Of big whale money flowing into crypto makes me think that they know something. Maybe we don't know so. I'm looking for this to base start to pull a u-turn and, like i said, a rising uh tide raises all ships and then i'm gon na look for ethereum solana, cardano avalanche, all these main ones to follow right behind that. But overall, that's it folks. That is the pilot episode, of course, with crypto crypto cores, whatever you want to call it and i'm happy you joined me for it. I very very much am uh in the future. Yes, we have some interviews planned out.
Uh we're gon na. Have people come on the show and talk to us people that know far more about crypto than i do uh? If you want to talk about particular nfts, let's do it dm me if you want to talk about particular things related to the metaverse, let me know if you want to talk about particular dowel protocols. We could do that um. This is it.
This is us. This is our community. This is not my community. This is our community and i'm more than happy to learn about teach about talk about anything that, as a community, we're interested in this is like crypto itself.
Gon na be a very community driven show, so don't be surprised whatsoever. If you start to see polls questions anything like that, i very much want to base this like crypto itself. Whatever the community has the strongest feeling to learn about to pay attention to to discuss, we will be doing that day in and day out. I truly truly from the bottom of my heart appreciate all of you joining in this was episode one and i'm not gon na lie um.
It blew me away uh, you never know how a new thing is gon na be received, and what's gon na happen, and there's two and a half thousand people in here for, like the launch of a new, show, um, that's heartwarming. I truly truly appreciate it. Thank you so much uh. If you want to talk about stocks, we're going to be going live in about 20 minutes for power hour on a different show, so we can get back into equities in stock mode.
If that's something that interests you, but for this uh. Just one final time seriously, this is awesome, it's always exciting to get started with a new project, and i'm so happy that i could share this with all of you, but as always as always as always best of luck in the markets, i'll be catching you soon.
Everyone needs to check out Zuna!! 5% reflections NFT drop in January that will give reflections from their marketplace that is being worked on, then they have a full blown altcoin exchange coming..only a month old..we need some strong apes..itll be like buying AMC at $2
SHIB got dam army!
I'M IN! GIMME FUKKIN MORE! YYEEEWWWW!
Hitting the bottle or the zong…Were both going long!! Stay excited!!
Heh!! You will do great!
Very down for this show Matt, letβs do it!
βSHUNA Inuverse is a true hidden GEM!!!! Do not miss this FAM!!!
How many racists have suggested Kohrs Krypto Klan so far? rotfl
Tales from the crypto.
Yo…. this was lit
AMC under the bus. It never happened ..nothing to see..move along ….
Matt keep crypto channel going you will like.
Not sure how much I can trust you after you called my beloved SHIB a $hit coin less than 3 months ago.
Congrats and lots of success on your new show bro!! Thanks:)
This was nice
Hit 120k in shiba today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in January
Dig in to saitama !
Although it seems like might have had some egg nog π jk
You are absolutely 100% correct about getting in on these cheap pre boxing day sale coins before it's too late. By next year we should be up another 30% on BTC
Great job Matt I'll be watching your new showπand your right about the 5 year prediction, I don't think getting a Bitcoin at that point will be feasible.
Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today.
Hi Matt, what about AMC? Are you still holding or did you sell?
This guy know hes about to lose respect for Amc movement so now hes starting other live shows to continue getting $$$ from sheeple. Dont trust these YouTubers they in it for greed. Go read books and study the markets and trust only YOU. Sheeple will get slaughtered. Dont be one you are all aware what happens to sheep on farms. Be a human being do not ever follow. You cannot be an individual of you are part of a group.
Why all this unknowns coins are so expensive? Who use it? AAVE, QNT, NEO, EGLD, ECT?
AMC update? β
π π€£ππ€£π π Awsome….Intro
C A N C E L M A T T K H O R S
Love the intro very festive
You high bro!! I know I am!
You sold out of AMC?
Digging the "Krypto Khors" title, keep up the good work Matteo. Sweet hugs and kisses from me to you lol.
Very slick intro.