Bitcoin Will Replace the Dollar?!
BTC, DOGE, MATIC, AVAX, ETH, ADA, SOL & SHIB
Krypto Kohrs w/ Matt Ep. 7
00:00 Intro
02:17 Krypto Kohrs Ep. 7
03:28 Crypto Charts BTC, ETH, MATIC, SHIB
04:45 What Is Shiba Inu?
05:36 Crypto Whale Buys 4 Trillion SHIB
09:38 Shiba Inu Metaverse?
10:25 Shiba Inu Technicalities
11:41 Polygon AKA "Matic"
13:01 Matic Technicalities
14:21 Polygon Joining Forces with Alchemy Platform & Web3 Community
14:42 What is Web1, Web2 & Web3
16:04 Odyssey
16:36 Opera Eyes Polygon for Next Wallet Integration
16:58 The Similarities of ETH & MATIC
18:01 To Elon Musk, Web3 Seems More Like a "Marketing Buzzword" Than a Reality
19:32 Elon Musk Pokes Fun at The Metaverse
21:07 Under Armor Steps into The Metaverse
22:08 Next for the Metaverse: Convincing You It's Not Just For Kids
23:26 Analysts Top Predictions For Crypto In 2022
25:58 Crypto Fear & Greed Index
29:36 AMAs
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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:
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Video Topics:
amc stock, amc short squeeze, amc stock prediction, amc squeeze, amc price prediction, amc stock today, amc trey trades, gme stock, gme live, gme short squeeze, gamestop, gamestop stock, sprt stock, matt kohrs, matt kohrs amc, matt kohrs live stream, matt kors, matt khors, stocks, live stream, trading live , rading live stream, ape nation, bitcoin, ethereum, cardano, doge, dogecoin, treys trades, investing, trading, finance
BTC, DOGE, MATIC, AVAX, ETH, ADA, SOL & SHIB
Krypto Kohrs w/ Matt Ep. 7
00:00 Intro
02:17 Krypto Kohrs Ep. 7
03:28 Crypto Charts BTC, ETH, MATIC, SHIB
04:45 What Is Shiba Inu?
05:36 Crypto Whale Buys 4 Trillion SHIB
09:38 Shiba Inu Metaverse?
10:25 Shiba Inu Technicalities
11:41 Polygon AKA "Matic"
13:01 Matic Technicalities
14:21 Polygon Joining Forces with Alchemy Platform & Web3 Community
14:42 What is Web1, Web2 & Web3
16:04 Odyssey
16:36 Opera Eyes Polygon for Next Wallet Integration
16:58 The Similarities of ETH & MATIC
18:01 To Elon Musk, Web3 Seems More Like a "Marketing Buzzword" Than a Reality
19:32 Elon Musk Pokes Fun at The Metaverse
21:07 Under Armor Steps into The Metaverse
22:08 Next for the Metaverse: Convincing You It's Not Just For Kids
23:26 Analysts Top Predictions For Crypto In 2022
25:58 Crypto Fear & Greed Index
29:36 AMAs
Want better Stock trading?
πππ FREE Stock, No PFOF, NO Market Makers: https://public.com/MattKohrs
FREE Crypto ($10 on Coinbase): https://bit.ly/CoinbaseKohrs
FREE $25 on Voyager (Referral Code MATT21): https://bit.ly/VoyagerKohrs
π¦π¦π¦ New Rumble Channel: https://rumble.com/c/MattKohrs
π¦π¦π¦ New YT Channel: https://www.youtube.com/c/MattKohrsClips
π¦π¦π¦ Noom (Free Evaluation & 7 day trial): http://noom.com/mattkohrs
π°π°π° Unusual Whales (10% Code: MoonGang): https://bit.ly/UnusualWhales
πππ Emoji Charting: http://bit.ly/TradingViewChartingSoftware
πππ Benzinga: https://bit.ly/KohrsBenzinga
πππ Moon Gang Merch: https://moongangmerch.com/
πππ Discord: https://www.patreon.com/MattKohrs
π°Options Picker: http://bit.ly/Tiblio
πOrtex (7-day Trial): http://bit.ly/Ortex
π»Cyber Ghost VPN: https://bit.ly/MoonGangVPN
Safely Store Your Crypto: http://bit.ly/KohrsNanoX
Socials:
π YouTube Channel: http://bit.ly/MattKohrs
π¦ Twitter: https://twitter.com/matt_kohrs
π₯ Twitch: https://www.twitch.tv/matt_kohrs
π· Insta: https://www.instagram.com/matt_kohrs/
Venmo: @Matthew-Kohrs
My Computer (Up to $200 off): https://artesianbuilds.com/?aff=Mattkohrs
Artesian Builds Code: MATT_KOHRS
Book Recommendations:
πTechnical Analysis: https://amzn.to/3p6QYk8
πTrading Psychology: https://amzn.to/2Z3sjCM
πStock Operator: https://amzn.to/2N76K1j
πPit Bull: https://amzn.to/2Ndk4kV
Video As A Podcast:
π§ Apple: https://podcasts.apple.com/us/podcast/moon-money/id1550699494
π§ Spotify: https://open.spotify.com/show/6kdJCHY0VMqLzIxwCHU59A
#DumbMoney #ApeNation #MoonGang
Please be sure to LIKE, SUBSCRIBE, and turn on them NOTIFICATIONS.
Let me know in the comments if there is anything I can improve on moving forward.
Thanks for Watching!
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.
Video Topics:
amc stock, amc short squeeze, amc stock prediction, amc squeeze, amc price prediction, amc stock today, amc trey trades, gme stock, gme live, gme short squeeze, gamestop, gamestop stock, sprt stock, matt kohrs, matt kohrs amc, matt kohrs live stream, matt kors, matt khors, stocks, live stream, trading live , rading live stream, ape nation, bitcoin, ethereum, cardano, doge, dogecoin, treys trades, investing, trading, finance
Uh, hello, hello, hello and welcome back to episode. Seven. This is crypto course and hey i'm matt matt coors, let's uh, this is gon na, be a fun one. I think this is actually gon na.
Be a really really fun one today, particularly both she. She knew that army is obviously showing up doing extremely extremely well, so, if you're in it, congratulations and also matic is crushing it we're going to be talking about both of them and also we're going to take a little bit of an insight to. I guess really what's happening in crypto overall, we have some interesting comments recently from elon as it relates to web 3.0 metaverse. We have a new athlete signing and we're also going to talk about some regulation.
Bitcoin predictions, but really the emphasis of this particular show will be what in the world is going on with shiba, inu and matic, because both of them are crushing it. Can we really spot some opportunity to maybe make some money? Is this going to be a little flash in the pan, or is it going to lead to something bigger just so you know kind of the main things we will be going over and with all that said, let's hop right into it. Let me just make myself a little bit smaller. So, basically, in the overnight session, we added a handful of billions of dollars to the overall crypto market um.
So if you right now we're coming at 2.28, which is a nice increase, so bitcoin popped off of 46 000 ran all the way up to 49.5 and right now, it's taking a breather down to 48.5 aetherium had a nice pop, but, like i said the main Two we'll be talking about today is maddox beautiful, run from 1.80. All the way up to 260 and also shebe, is going from 29 all the way up to 38, currently taking a breather at 36. We're gon na be diving in to all of that. So, just to give you a little bit of a setup here, it's kind of funny.
These two are actually very close to each other, so doge, coming in at three sheba coming in at 13 and then matic polygon, matic, coming in at 14., so 13 and 14. Both of these beautiful so over the past seven days, polygon is up 36 sheba's up 12 and then over the past 24 hours. Polygon is up 11 and sheba is up 12.. So, if you're in either of those congratulations because you're, probably seeing a nice amount of green and let's hop into exactly what's going on and just because it's number or it's the one that's on top here - let's talk about sheba first, so very very quickly! Maybe you don't know much about really the high level of what's going on with shiba created in august of 2020, and it was first nicknamed the dogecoin killer, so kind of a spin off of that.
And they wanted to put a bigger emphasis on community community building and also utility. So right here, if you look at sheba swab and are you are looking at their overall ecosystem shiba, that's the native token, and then you have the leash and then this is going to be more for liquidity and staking. And then you have bone and that's a whole nother one and that's more related to their governance model, their dao, the decentralized autonomous organization, so just very quick overview there. It is going to be built on erc20, so the backbone is going to be ethereum. So it is proof of work just from the higher level, but in the short term, what's actually happening. This is nuts. She, the enu spiked 13 after crypto whale bought four trillion of the meme tokens. Cbe news price jumped up after crypto whale bought four trillion.
The whale's wallet is worth half a billion dollars and is also made up of metaverse tokens, which we'll be diving into other crypto whales have been buying up shibuyinu as it slumped from october highs, and a lot of this has been happening over the past week and For whatever reason today, it really got traction, we saw a beautiful bounce, the big buyer better known as the crypto whale, but four trillion for about a hundred and thirty six million. Let me repeat that one more time, but a hundred and thirty six million dollars worth of it almost makes you wonder if they know something we don't about. A quarter of the whale wallet is now made up of shiba inu and then, of course, there's other things that more so relate to maniversa decentralian, gala sandbox, that type of a thing, but a quarter of it and 136 mil. That was just the add-on.
That is crazy. Earlier this month, one whale scooped up 50 billion tokens to bring the wall total to about 1.6 trillion. Shiba inu insider reported previously another we're about a hundred billion of the token. So recently, we've had three whales, definitely making a splash and that's just some serious coin to be thrown around.
That's definitely some serious coin and with it. Of course, we were talking about how okay yeah dogecoin killer and it had the meme status. But now it's actually been working very, very diligently. The development team to kind of get away from that and really solidify themselves as a legitimate project.
Developers of the sheba eating protocol have attempted to move away from the predominantly meme coin, narrative in 2020 to introduce new technical services in 2021, which has helped fuel community adoption in prices. Early 2021 saw the launch of decentralized exchange, shiba swap which we just went over. Bringing with it decentralized finance, d5 services such as staking and lending. So that's exactly what we were talking about, like the other ones.
There leash and bone all part of that overall ecosystem, but what i really like about it and what the team's doing is. Yes, they are taking kind of a quick uh they're, dipping their toes in the world of gaming and nfts. Clearly they're attempting to execute upon more than just saying: hey like we're another meme one like of course right now. If you know anything about chiba, the whole thing isn't going to get to one cent 10 cent uh.
Is it going to go even higher than that and, if we're being completely honest straight up, it's possible but they're going to have to do an extreme amount of burning and that's what's happening, sheba is being burned and they have to come up with maybe more creative Ways to do it at a like a faster speed, because, right now, if you check out coin market cap, sheep is going to have a current supply of over. I guess now 500 trillion and start with one quadrillion and then they're also burning in with butyrin and all that good stuff. But i really really like how they're continuing to iterate. Not only did they have the entire swap, but that ecosystem there, the dive into gaming and nfts. It's super super cool and i wish them the best of luck with it and honestly, even if it's just a little bit selfish, because i don't achieve them myself. I clearly want them to be successful, so the value the market cap can go higher and higher and higher. Then, in december 2021 the project's synonymous founder ryoshi said development for a shiba inu-centric metaverse called oshiverse was in play following the recent trend of a metaverse projects and applications in the broader crypto magic oshivers, which would be based on shiba rim, a layer two system built On top of ethereum for shiba inu, they added so very cool all like so. We talked about nfts.
We talked about gaming and now they're obvious through oshi versus clearly taking a step into the world of metaverse, and we actually have a lot to talk about with metaverse in just a second. But more than that, we have to talk about some other interesting layer. Two stuff that i think is gon na be pretty important. If you want to know more about this, i would recommend coming to this business insider article, shiba, inu, oshi, verse announcements turns the sheep crypto into a metaverse play and man i just going over some of the highlights here.
If you want to know more, i recommend diving into this article. If you need it, i could post it. I guess in the description, but right here, they're calling out some of these cool things such as, for example, amc is accepting it as a valid payment option. Um and then they were talking about some of these other just interesting developments where things through such as like flexa.
But what i want to talk about here is overall, like this layer, two concept and that's right when we talk about polygon. So, just to give you a quick refresh and we're gon na do the technical, let's do shiba first and then we'll hop right over to polygon. Look at this beautiful run! So, yes, ever since the recent push up to about 55 cents, she was hit and then it slowly went down and eventually on based on the r side, the relative strength index extremely oversold right there. We know that these whales started to step in and that's this beautiful push and look right where it ended, perfect technical resistance right around 38.. I'm looking for the break above that and i will be watching 42, but i really care about this region of resistance between 43.50 and 45. Right here is particularly where i'm watching, but i don't think we're going to shoot straight up there, because obviously the rsi is extremely overbought. So i think we're going to need to take a breather and if anything, i think it's more likely that we see a cup and handle type of a scenario. Here's the cup we ran into it.
Things got a little bit hot, a little bit heated. We need to take the breather and then once again try to get this break out of 38 and hopefully from there that one holds and brings us up to the next leg around 46 and then, obviously from there i'll be watching 50. That's going to be a key level but uh from a technical perspective, not a psychological one. I will be watching 55, but man this.
This shows you the power of the whales right here now very quickly. Let's talk about what's going on with polygon, aka matic. So if you haven't heard of this before think it's a layer, two scaling it's the internet of blockchains, it's supposed to help with the scaling and really the speeds of ethereum right now ethereum. It has the first mover advantage in this entire world of utility-based projects, but it has some scaling issues.
It has not i'm not going to say speed issues, but, of course, faster is always going to be better. So, for example, uh matic has a speed of like about 65 000 per second, which is crazy and confirmation time below two seconds and so think of this layer too. It's built on top of a it's supposed to assist with ethereum and many other blockchains with their scaling. It just so happens that the most popular one right now that it is assisting with, is a theorem, and i was reading this tidbit that i found really interesting over the past couple weeks.
Past couple months, most erc 20, like backbone. Tokens that are being launched are actually being launched through polygon opposed to actually ethereum as a core like as what it's being built on. So it's still inherently going to be ethereum, but it's really coming to the world through matic, which i just think is absolutely crazy. So matic doing extremely well bouncing off of a dollar 80 coming all the way up to 260 highest level.
What you need to know about it is that it's making ethereum better and it's doing all of its own, really really cool things so think think scaling but also think infrastructure, development and, like the tagline of it, is going to be internet of blockchains. The chart. Looking amazing trying to hold this breakout right now and you actually have to go out to the daily chart to see what can happen after this look at this beautiful build up it swings up, takes a breather swings up, take a breather. There swings up.
I hope that this, the current push that we're seeing right now would love to see a test of the all-time high at 2.82.5 cents. So this came to us in may of this year. Looking for that, continuation and at that point similar to kind of what we're seeing in the shorter timeframe on sheep, the technicals might just get too hot, it might have to get up there kind of cool off, make a new base, and then hopefully we just have Beautiful price discovery to the upside. Now i particularly like this one just because some of my favorite crypto projects truly are utility best and ethereum being like the leader in that world. Anything to improve upon it polygon is some very, very impressive technology and, most recently, not only because we have a great follow-through in the chart. There are some announcements, so polygon is joining forces with alchemy platform and web three community to launch web3 university for builders with curated resources on creating smart contracts, nft and d5 products. And then this was a quote tweet from the official one, and this is talking about web3 university. If you haven't heard of web3, there is an awesome awesome, video from whiteboard crypto on it.
I recommend checking it out if you want to dive into it more, but from the the highest level of what is web3. So, let's reverse in the 90s to the early 2000s. That's generally the period thought of like web one and that's where we basically just had a bunch of websites. You read it, and that was it.
It was like it's in the world of coding and tech. It's referred to as like kind of a read-only setup. Like you, just read, read is: is a giant encyclopedia? Web 2 is kind of the entry of these more of these tech, where things get a little bit curated to you, because they're collecting your data so think generically like facebook, twitter and i know they were created a little bit later after that, but in general it Became a little bit, i guess specified to who you were and your particular interest. Well, web 3: it's not a specific thing! Right now, like you're, going to be hear people like elon or even jack, dorsey say it's a bit more of a buzz word.
It's the concept, though, that you're getting away from all these big tech companies like getting your specific data and it's kind of web 3, is the next iteration of like you kind of are in control of your own data and a good example of it. Let me think, even in this right now we're watching this stream. We are on twitch, twitter or excuse me. We are on twitch rumble and youtube, but one that's really popular right now is odyssey.
So it's not that one direction where it goes to something such as youtube and it just sits there odyssey you're in control of it yourself like there's, not one singular ceo or president um. So it's this decentralized concept, uh once again, web3 you want to know more check out the video by whiteboard crypto, it's a great video, i'm a huge fan of that account, but think of it as like. The next iteration, where the data flow is a little bit more controlled from the point of the user. On top of that, we also have another positive announcement opera eyes polygon for next mobile wallet integration. This obviously just came out so on top of the nice technicals of what we're seeing in the partnership up kind of like trying to develop out web3. You have opera right here, so polygon, matic, aka manic all doing super super. Well. I also just finally wanted to bring this up.
Obviously, we know that whenever you think matic think of the tie straight to ethereum and shout out to tech dev 52 for kind of pointing out this chart, i thought it was really interesting. The similarities of ethereum in 2017 to matic right now, um very, very similar, like check out the rsi check out the charts. A lot a lot - a lot a lot, so we can get this follow-through there. I mean if just roughly we're basically calling out like seven bucks on this, if we get that follow-through.
Obviously this is a one-week time frame. I just want you to take note of it. This is not like an hour or anything, but we had this beautiful explosion. In ethereum from 360 dollars all the way up to about uh, let's call it 15 1600 so equivalent there we're kind of calling out, maybe seven plus lots lots of similarities um.
This is a pretty cool account on twitter check. It out. Tech dev underscore 52 interesting information there, but, like i said this, this web 3 concept, where right now matic, is really like. It's kind of riding that hype train a lot of people just straight up, saying it's a buzzword.
So web3 is a decentralized iteration of the internet based on blockchain technology, which powers nfts underpins cryptocurrencies like bitcoin uh, i'm not suggesting web3 is real, seems more like marketing buzzword than reality right now, so that came from elon not too long ago a couple days ago And i just want to point out: it's not like there's some singular entity that they're like this is what web3 is it's just a concept of the i guess, interaction between the current state of the internet, what people are referring to as web 2.0 and upgrading it To the next level, where maybe we have a little bit more control, or maybe you could start to do things where the entire interaction is through the crypto sphere, such as you're using your meta mask, and it maybe isn't directly tied to you. So maybe a little bit more autonomy over your own data and we're also seeing similar comments like this from the likes of jack dorsey. But not everyone is in agreement, but supporters see it differently. Traces of web 3 are already seen in decentralized finance, defy decentralized, autonomous dows.
We were talking about that a little bit with she, that's the whole bone thing in their governance model and the nft space. I think the argument right here of what's going on is because, like web 3 itself isn't perfectly defined and it's like a generic concept. So i think that's why people are saying it's a buzzword where it's not like you're, going to crack open an encyclopedia or go to a merriam-webster and be like. Oh, this is exactly what it is. I think that's the issue there, but he also has some feisty words for another big part of the crypto sphere: elon musk pokes fun at the metaverse trashing the idea that anyone wants to strap a screen to their face the entire day so kind of going against The concept of like ready player, one elon musk, has taken aim at a metaverse site poking fun at the idea. People will flock to virtual worlds. The tesla blast said he can't envision anyone strapping a screen to their face all day and not wanting to ever leave must hold the babylon bee. He might face criticism for being cynical, but he doesn't see a compelling case yet now for my own opinions on this.
I guess it depends on how cool and how developed the metaverse is. If it gets to the point of where you can just live in insane reality, i mean i think that would attract a lot of people where you could do just crazy. Things, have your own outfit and like have all these just really. If your imagination is like the height of what you can do, that's kind of crazy.
So with it i don't know i'm kind of curious about your opinions of he pokes fun like, of course, technology is going to start out slow, like you're, not going to start with, like that quality of writer ready player, one like in the first really iterations of Metaverse, it's gon na take probably many many years to develop to that level, but to say that, like he just doesn't see going there at all. Ah, i don't know, i don't know, i don't know, i don't know, and a lot of people still are betting on the metaverse under armour steps into the metaverse with wearable steph, curry sneakers. I feel like recently. Every update somehow involves particularly an nba player and their newest connections to crypto, so we know that ftx is partnered up with seven curry.
They particularly partnered up with the warriors and now there's an additional wearable steph, curry sneakers. We know that nike's taking a step into the world, we know crypto.com uh within now three days, we'll officially have the naming rights to the staples center in la uh. We know what was it durant i believe, signed with coinbase. It seems not only celeb like, of course, tom brady has matt damon like we.
We hear these names, but it seems particular to the nba that there's a lot of crypto new crypto partnerships being formed, and it means a lot of money is being thrown around. So i think that is definitely noteworthy, but steph curry playing it hard playing hard in the paint in the world of crypto. This was just posted next for the metaverse convincing you it's not just for kids, maybe i'm too close to this, but i don't know if that's a common feeling. I think a lot of us watching right now know that the metaverse isn't we're just kind of waiting for development. Many people are playing yes, metaverse based games, but i mean i don't know if you're watching right now, but shout out to fuzzy g like there's these real estate games. Gaming companies like roblox and epic games, are the farthest ahead. Building meta verses. I don't i i guess i just never thought of it as just for kids like that thought, never crossed my mind, some of them by their design and their colors, and just the nature of it might be a little bit more targeted for kids.
But i i think, a lot of the adults who are paying attention to the world of crypto. They know that the metaverse will be encompassing for everyone. The metaverse became a mainstream topic for tech investors enthusiasts this year. Today's metaverse users are mostly kids and teens, presenting a near-term challenge for companies to attract older users, so i think it's going to go that way when the tech continues to improve, and i don't think it's necessarily at this point exclusionary.
It's just like right now we're literally living in the heyday of the development for all this stuff. So i think it just takes a little bit of time for catch-up. But with that being said, this is for bitcoin, but of course, bitcoin being equivalent to the s. P.
500 is commonly indicative of like the crypto sector in general, for from a bitcoin crash to regulatory crackdowns, analysts give their top predictions for crypto in 2022, and, as i'm going through this, i would love to know feel free to post it in the chat. Your top predictions, are you bullish, bearish neutral? Do you think certain sub-pockets of crypto will do extremely well this upcoming calendar year, or do you think it's all going to go well, none of it's going to go well. Would love to know it just before i even get into this? I think the year of 2022 for crypto will mark a giant leap forward in technology, because we're already seeing that vcs have been pouring in records amount into the industry. But i also think you're going to see like an absolute slugfest on a regulatory standpoint.
I think people are going to be fighting tooth and nail uh on capitol hill about what the regulations will look like for this sector. Bitcoin has risen 70 since the start of 2021 driving the entire crypto market to a combined 2 trillion in value, but heightened regulatory scrutiny and intense price fluctuations have dampened bitcoin's prospects lately over the past three weeks in bitcoin, it's been kind of flat and a little Bit in ethereum, but we're still seeing great things in such as avalanche she um recently over the past week. All of those have been doing very well. Some experts believe bitcoin is due for a sharp decline in the coming months.
That one is the one i just don't know. If i necessarily agree with that statement, some experts believe bitcoin is due for a sharp decline in the coming months. My reasoning for it - yes, i'm in bitcoin and i'm particularly against when people are always looking for their own confirmation bias, but in this one i think, i'm being very logical when we're talking about the serious nature of inflation. Yes, could our regulators throw an entire wrench into the situation and mess it up and if they drop a lot of regulations, people were like, i just don't want to deal with it. Yeah do, i think, that's the most likely, not really. I think it's more likely that people are going to say wow inflation's, actually a bigger problem than the federal reserve and our government are letting us know. So i want to retain some of my value of usd and put it into crypto, but specifically bitcoin. So i would love to know your thoughts on that and in doing so i also want to bring this up, so this is from crypto yuri.
This is the fear and greed index and, as you can see, we have extreme greed, all the way down to extreme fear and it's just kind of pointing it out over the daily. Once again, this is daily on btc. So if you look at this flag pattern, we have going down once again. This is referred to as a bullish flag and i think it's very unique to also use it with a fear and greed index.
So from a technical perspective, i like to see this. I'm looking for the test at the top and hopefully a breakout and a hold, but i like this the last time we went from fear into neutral. We printed a huge green candle and broke out of the downtrend. I see the same thing happening right now, so he is referring to right here.
This sphere, centered around this point of control. We also have a volume shelf looking for this breakout, obviously, when you're on the daily chart, this might take. I don't know a week or two to come to fruition to see if it plays out in the way uh. That yuri is like doing these technicals, but i think it's actually kind of interesting um.
I myself i've used the fear in green index before just are. We in euphoria, are we in feared for the stock market to but to overlay it on the technicals, particularly for bitcoin. I think this is interesting. So right now people are fearful, but it's still holding above the point of control, and if we get this technical breakout, we might be going to 55 58 62.
There could be a lot of excitement a lot overall, what we're seeing in crypto right now, btc! Yes, if you zoom out, it's been a little bit boring, not really trending, but we're coming to the top of it, and if we can get this break above 50, i think the party is fully back on. So we saw this dramatic sell-off early december. So, basically, all month, it's just been going flat flat flat and that's natural you're going to see this across many markets, the equities market, the futures market and obviously in the crypto market. You naturally have these periods of expansion and then consolidation, expansion, consolidation right now. It's just a period of consolidation - that's not freaking me out in the slightest. This is just naturally how the markets behave. Obviously, things are going higher and higher and other other opportunities, such as mad matic. But with this you can see that we're trying to get out of this period of lower highs and we're knocking on the door right now.
In fact, in the middle of the night we almost broke out of the pattern and then, when i start to pair it up with other things that are going on man, i just think crypto to me. It's just so symbolic and i think, for good reason of representing potential representing financial opportunity. You just have to really do your best to consume. What's going on because there's so so much going on and for me i think this is just a good long-term bet on where our technology is going from both a societal and cultural standpoint, and i'm not the most eager to actively trade.
This, i think, a lot of the ones i just want to get in at a good price if it dips even further, i like to dollar cost average down, and then i sit and wait through these periods of expansion to the upside. That is what i have for you today and i would love to do any of your questions see any of your comments to get uh your thoughts of what's going on with sheep, what's going on with matic, what do you think about elon's comments of web 3 And the same, also, obviously with jack dorsey and overall, the analyst uh, i would love to get your thoughts, particularly. What do you think's gon na go down with crypto in the year 2022? Hey match? Can you pretty please with cheese, cheez-its and sangria? On top take a look into satima and do your dd for the stream. I almost died typing this okay.
I will definitely - and i know the other one - that a lot of people are interested in is hbar, so i'm gon na look into those two just it seems like they are being highly highly requested. Would love to do a breakdown all right getting them both written down? Perfect, perfect, perfect carlos yeah hbar is on the list. It sounds like those two i would say right now are by far the most highly requested ones, both of them uh thoughts on amc selling, popcorn like popcorn, but with nfts, popcorn popcorn like popcorn, but with nfts i mean amc has been teasing us definitely getting into The world of nfts, like they're, kind of doing these free ones today, a lot a lot of people got their spider-man based nfts shout out to dylan. If you're watching right now he's a strong moon gang supporter, he finally got his.
He was one of the lucky people. I know some people are getting the matrix ones. I know cat's not watching right now, because she's actually watching the matrix, but she was one of the lucky people who got the matrix, nft they're, clearly kind of teasing the audience with it. And i think it's just a matter of time before it's like a full-fledged dive into it to help boost their revenue and the same can honestly be said about gamestop. I think it's a matter of time before we get the official launch of the nft marketplace with loop ring uh, i'm in lrc, we talked about loopering yesterday with their uh counterfactual wallet, exciting stuff going on there to me this is so natural. The integration between amc, gme, this retail public and realizing that you don't want potentially the corrupt power above you and that's what crypto is it's putting the power back in the hands of the people, so to think that somehow crypto in a general sense is in opposition Of amc and gme, no, no, no, no, i think amc and jimmy could be wow. I think they could explode because of what crypto represents what the technology represents. They, i think i've not seen a better natural fit beats like the ideology.
Let me think of the best way to articulate this. The ideology and the goals of amc and jimmy are nothing but bolstered by crypto um. It's they really. I in my mind it's such an obvious match.
It's a match made in heaven between all of those and i'm even like to the next level. I see this world of okay. Amc is starting to do their own nfts, gamestops, marketing and or hopefully, quickly going to be marketing their own nft marketplace. That is such a natural connection for these two for amc to have special movie based nfts, to sell them on gamestop's marketplace, so they could have like at least on paper, a partnership and then overall the metaverse and nfts exploding man.
I, as you like. I just get so excited about it and to think that they're somehow like opposing each other in opposition uh. I think that's way too much of a rudimentary view on this situation, because i think they all help each other to the next level. Hey matt.
Do you think about my concern of that? If the second mall stock market falls significantly in 2022, the first market that will be liquidated would be crypto. Um we've seen a lot of connections between the nasdaq 100 and crypto um, the correlation. It's it's not perfect. It's not lockstep they're, not one-to-one movements, but when you see people funneling money out of higher growth asset classes such as crypto or something specific like the nasdaq 100, they like to go from that into bonds, so bonds go up, yields go down so generally yields the Nasdaq, 100 and crypto all kind of move in the same direction if there is overall fear and if people like so you're saying a stock market fall when there's a stock market fall people in general panic and they take their money out of everything.
So it depends on how you're really defining this fall, but when people are fearful, they just all kind of hit like the ejectosito button and just go to cash and wait for things to calm down. I don't think there's necessarily going to be a sector that is saved, especially in the first couple days of panic man. I i don't. Of course we couldn't see panic, but i just that type of fear-mongering. I don't think it's helpful and i don't think it's necessarily accurate, because if anything, the federal reserve has shown that they're going to do anything they can. They will always apparently err on the side of being dovish to keep the market stable and really in the byproduct of that is keeping the economy stable in the byproduct is pushing the stock market higher and higher cash may soon be worthless if it starts to go That way, i would actually see i would expect to see an increase in crypto, but once again it depends the time frame you're talking about when people panic, there's like one two, three days of it being like kind of rough, even with gold thought of as like An inflationary hedge when inflation hits and the market falls those first couple days. You still see gold fall and then it's more like how things recover afterwards, all right any other questions. That is actually it now for the crypto stream, so episode, seven in the books um.
I hope you enjoyed it, i, if you're in she best of luck, if you're a matic best of luck, if you're in bitcoin and ethereum best of luck, things are exciting. People are making money, it is really fun to see sheep kind of come back to life. On that 136 million usd is how much that whale just added that is so much money to be that confident about that much money on a meme coin. It really makes me think that they know something about the future direction of where this is all going.
Like 136 million from one whale - and that was added on top of already their position and the matic is crushing it by really helping with the layer two scaling on top of ethereum, crazy, crazy, crazy, there's so much opportunity. You just got ta know what to look for with that being said, that is the conclusion of episode, seven of crypto course. I truly truly appreciate your support. If you enjoyed it, i would be eternally grateful if you could hit that like button and also don't forget to hit that subscribe button.
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Thank you. Thank you. Thank.
<I feel those who would allow the market dynamism to determine when to trade or not are either new in space in general or probably just naΓ―ve, the sphere have seen far worse times than this, enlightened traders continue to make good use of the dip and pump even acquiring more equities towards trading sessions, I'd say that more emphasis should be put into trading since it is way profitable than hodling. Tradlng went smooth for me as I was able to raise over 3.2 BTC when I started at 1.5 BTC in just few weeks implementing trades with signals and insights from Jayson Elwood. I would advise y'all to trade your asset rather than hodl for a future you aren't sure about…
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I got in MATIC at 1.54 and sold it about 2 hrs ago
Shilling shib? Hate how you stock guys jump to the shittiest cryptos. Do some research first
Matt 'matt kohrz' Kohrz