Bitcoin at $5,000. Okay, now what?


Bitcoin at $5,000. Okay, now what? — with David Moadel hello and welcome to looking at the
markets with David Modell Bitcoin this gentleman is telling you not to buy it
why is that well let’s take a look at Bitcoin Bitcoin against the US dollar is
exactly five thousand dollars right now according to world coin index pretty
exciting it was around $3,200 not that long ago so this is definitely a bullish
turn of events but why is Peter Mallick this gentleman telling you not to buy
Bitcoin hmm well Peter Mallick from creative planning says what we’re going
to see most likely is we’re going to see crypto currencies collapse that’s his
opinion on it what is he telling you to buy instead well real estate stocks and
he says own bonds yeah bonds those pay around two and a
half percent per year and that’s before inflation real yields which take
inflation into account are pretty close to zero and so you would be loaning your
hard earned money to the US government and central bank for a year and you’ll
be getting after inflation pretty much nothing and you’ll be loaning your money
to a government and a central bank that has 22 trillion dollars and Counting of
debt hmm that’s what he’s telling you to own and he is telling you that
cryptocurrencies are most likely going to collapse
that’s Peter Mallick if you agree with them or not that’s up to you let’s see
what some other individuals have to say this is UB or crypto you be on Twitter
saying that he’s expecting a test of around $5,500 per Bitcoin before any
significant pull back which is where he’ll begin to look for shorts after
that he’ll be a buyer in the 45 to 46 hundred dollar area so he’s expecting
perhaps a Bitcoin to go up to around 5500 then to pull back to around 45 or
4,600 where he’ll be buying interesting idea okay John McAfee well-known
individual said everyone trashed him two weeks ago when he said the market has
now turned so he’s kept his mouth shut and now he’s saying
it again the market is now turned the bow of the bear market was pulled to its
max now watch the arrow spring to life quite bullish there I should say let’s
see what this Bitcoin bull has to say he says the cryptocurrency the Bitcoin that
is is bottoming sounds a lot like John McAfee he says it could run to six
thousand dollar sentiment has shifted that’s Brian Kelly alright certainly
possible not an unrealistic goal it’s already five thousand why couldn’t it
get to six thousand maybe it will maybe it won’t but that’s not really that far
away considering that it’s gone all the way up to around twenty thousand before
so seems reasonable enough to me and here’s something that I found could be
interesting if you’re into technicals this is a market watch article that
notes and it’s from it’s a chart created by fund strata advisors want to give
them credit and it’s noting that finally we have Bitcoin above its 200-day moving
average again and according to fund strike Global Advisors it could go
Bitcoin from here could go up almost 200% almost doubling what it’s saying is
that when it’s above the 200-day moving average it tends to do quite well with
an 80 percent win ratio whereas when people buy it below the 200-day moving
average the win ratio is only 36% interesting okay well it is above now
and so if you believe this that that could be useful guide and this could be
a time to possibly get in but please be careful you know none of these
indicators work 100% of the time they’re never completely 100% reliable all the
time so make your own decisions do your own due diligence do your own research
don’t just listen to any of these people seriously I mean I you know I’ve respect
for anybody and everybody who takes a position but you have to make your own
decisions folks okay all right so that’s my take on Bitcoin right now it is wait
watch and see and if you are already in from a law
time ago then a three thousand four or five thousand it’s all good if you got
in years ago if you got in near the top near twenty thousand then I suppose that
you might be sweating this out a little bit more hey you know what if you really
believe in blockchain if you believe in the technology if you’re anti fiat money
or you just don’t think it as a future if you’re like me and you’re into the
idea of the blockchain and you’re also into gold silver or anything that’s anti
fiat money then this is a pretty exciting technology all right hey thanks
a lot I appreciate it if you like this video please give it a thumbs up on
YouTube show your support and leave a comment what do you think do you are you
listening to any of these guys do you believe the Bulls the Bears or are you
just neutral and if you haven’t subscribed to my channel hey please do
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and by the way I also do offer coaching for traders and investors David Modell
at gmail.com and I’m also going to put some free financial reports below this
video in the text description hey thanks a lot everybody I appreciate it I’ll
talk to you again soon

9 thoughts on “Bitcoin at $5,000. Okay, now what?”

  1. I love the technology behind crypto, but the coin themselves are worthless when you get down to it as blockchain is evolving. And please dont quote that pedophile and murderer POS McAfee , he should be rotting in prison cell in Beliz, do a little research on him

  2. I have never dabbled in Bitcoin David – it intrigues me though.Thanks for the video 😊

  3. I see no considerable price advance for bitcoin in 2019, more just some short-term pop-and-flops. 2020 is the time, then some mysterious gentlemen with ties from Switzerland will start entering the crypto-markets big time! So be patient…

  4. Always looking out for your vids when i need to know …..where we be ….. not finacial advise keep it up David your needed in this area

  5. Good to see your updates in the crypto space man. I've learned quite a bit from your channel as a rooky invester in marijuana stocks and did quite well. Just wanted to say thanks for your easy to understand way of explaining things and genuine desire for people to profit. Thanks again David!

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