Altcoins Going To Zero and Bitcoin Headed To The Moon | Jonah van Bourg on Crypto and Oil
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- Опубліковано 3 лип 2024
- Forward Guidance is sponsored by VanEck. Learn more about the VanEck Morningstar Wide MOAT ETF (MOAT) at vaneck.com/MOATFG.
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Timestamps:
00:00 Introduction
00:34 Jonah's Background At Lehman, Goldman, Vitol, and Cumberland
04:18 Jonah on Crypto: "I'm So Bullish I Can't See Straight"
06:18 Why Jonah Thinks Bitcoin Will Stay In A Range ("Proper Chop") Before Shooting Higher
09:11 Jonah: Bitcoin Is Better At Conducting Large Scale Commodity Transactions Than Most Non-Reserve Fiat Currencies
22:01 VanEck Ad
22:39 Back to the Interview
28:20 Has Saudi Arabia Moved Off The Petrodollar?
30:09 Is Mt. Gox Unlock of Bitcoin A Big Deal?
34:25 Jonah on The Real Reason Crypto Is Going Down: "Most Altcoins Are Worthless": Your "Sh*tcoin of Choice" Is Probably Dead
45:19 The Rise of Stablecoins
48:26 The "AI" Crypto Coins
50:40 Jonah on Oil: There's A Lot Of Spare Capacity, Hard To See A Big Move Higher
58:09 The Best Trade of 2024 In Oil Has Been Selling Options
01:06:34 Why Jonah Is Bullish Distillates
01:10:15 Jonah on Oil Refineries
01:13:34 Natural Gas
01:20:25 Uranium and Gold
01:22:58 Fiat Debasement and Bitcoin
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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets. - Розваги
Forward Guidance is sponsored by Van Eck. Learn more about the VanEck Morningstar Wide MOAT ETF (MOAT) at vaneck.com/MOATFG
What happens when you do a Bitcoin transaction and then it drops 40%? Do you just smile and say I'm still bullish ?
Really impressed with Jonah’s understanding of the Nigerian oil market. Most people claim to know, but really don’t. I can definitely tell he has first hand experience
😊
I have only just been 25% into the episode but can not resist to stop and write this comment!! Magnificent fresh information here!!!!! Superb ...
It’s precisely at times like these that investors need to be on guard against the next certainty. You don’t have to act on every forecast. I will also suggest investors to get yourselves a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
Amazing You trade ?? Wow that's huge, how do you make that much weekly?
Only God knows how much grateful i am. After so much struggles I now own a new house and my family is happy once again everything is finally falling into place!!chada Gladdis
Gladdis chada is my hope on the current 'bear summer' . I did so many mistakes but also learned so much from it, and of course from chada Gladdis
No doubt!! I never knew Gladdis chada had gone viral. I decided to back up my assets and property with her when we met at a conference in New Jersey🇺🇸 for the first time..
This summer is making me poor please I want to join the moving train
Fun fact, Cumberland is one of the largest recipients of Tether's USDT. Very closely affiliated with the Bitcoin industry. Ignore altcoin opinions.
Jonah is great. Always enjoy hearing him speak.
not really but ok...
This guy clearly explains what he doesn't understand
Alts are always going to zero right before they rip faces off 😂
Yep historically that’s been true until history changes.
@@paulkieffer1189 there’s always really compelling reasons why “this time is different”. People have to genuinely believe it in order for the cycles to play out almost the same way each time. Doesn’t matter the narratives really, they just help keep the cyclical behavior going because the underlying emotions that cause those behaviors never really change.
@@paulkieffer1189 and logically, what would cause the feds to not create imaginary currency units and would cause humans to spontaneously stop speculating?
Thanks Mate, the sad truth is that no one has a clue, we all react to what happens as it happens and try to analyse it but can’t predict an iota of what is going to unfold in the markets… content creators are like amplifiers, when times are good they affirm it and try to tell you why it’s good and that it’s looking bullish but then all of a sudden the market turns bearish and everyone affirms it again and try to analyse why… it’s so sad that many are so powerless and it's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 2.3Bitcoin to a decent 19Bitcoin in the space of a few months... I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
Linda Wilburn program is widely available online.
I appreciate the professionalism and dedication of the team behind Linda’s trade signal service.
Trading with an expert is the best strategy for beginners and busy investor s who have little or no time to monitor their trades.
The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.
It was quite challenging to understand the different trends on my own until i found out about Wilburn. Trading made easy.
Great guest !! 👌
Huge fan of BlockDAG technology, it's revolutionary!
Kaspa 😉
Super interesting. Thanks.
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Elizabeth Wesley.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been superb
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
You trade with Elizabeth Wesley too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
This was such a great episode! Learned a lot.
Thank you
Great discussion. Thanks guys.
Great interview. Thanks.
Very cool dude!
Quinn's bff "I'm so bullish I'm shaking" 😂
Yes. Great conversation.!
1000X Gang!
Wow, brilliant explanation of the value Btc has for commodity trading. I have read that Russia takes bitcoin for oil.
Another fascinating perspective
Just invested $10,000 in Rock Solid Protocol! This project is set to soar.
That statement about there not being enough retail to buy the next bull leg seems pretty fitting for the downside in crypto currently. I’m currently seeing downside risk to $50,000 support level on $BTC. The next few weeks will be crucial in this window starting to develop. On-Balance volume went sub 10M around June 21st. Relative strength dropped to oversold at the same time. June 27-29th it exited oversold (30) level however OBV hasn’t broke back above 10M. This is signaling exactly what you were saying. Things could materialize differently obviously but everything is T’d up here for a move lower IMO.
Fabulous interview Jack. Great guest & really good questions. This is how you do interviews!
excellent thought provoking
that was a good one
Agree that we are running out of retail runway to support liquidity like the last cycle . Instead we are likely to see consolidation into the top 100, more established coins. This is a good thing in my opinion
What a revolutionary view…would have been interesting if he said this 10 years ago but in 2024 it’s nothing special.
This was interesting.
Where do you find the MVRBC ratio?
I love Jonah! 1000x Podcast rocks
Great pod! Jonah puts out a ton of alpha!
Great one. A bit of hype, but tolerable - you kept it well managed. Hats off.
This dude just discovered crypto and is overexcited 😂😂😂
Brilliant
Chainlink has to be the one project that fits a lot of buckets that Jonah talked about. Its block chain agnostic and is required to bring RWA/tradefi and defi in the space. What other projects are the 'must have'??
As good as LINK? Can't really think of one, but Arweave let's you store data on blockchain and has a bit similar role as a part of infrastructure. It's just not as necessary as Chainlink. Edit: I see it was mentioned by name in the vid. Well I had pretty much the same reasoning.
If decentralized governance is your thing, cardano. It is of course an experiment but the community is in control of a massive treasury - lets see how it plays out
I think they'd rather hold their money in a stablecoin in the short-term but as volatility drops in BTC and debasement goes up in USD, agree BTC becomes more and more valuable over time
Boring times in the market are the best times to hold and buy more on every dip.
Jack nailing the new hair. this guest seems like a perma bull
When exactly was this recorded? Within the last week prior to upload?
JVB the goat
7:58 I sensed Jack getting a little nervous when the guest mentioned Mt Gox unlocking btc. 😅 🤔 I find the whole mt gox era a bit mysterious 🤔
30:15 I guess mt gox was something on Jack's mind
Forget BTC, ETH, and SOL! Those are yesterday's news. If you're looking for the next big thing, Rock Solid Protocol is where you want to be. With its cutting-edge technology, a 100x return is inevitable.
There is more risk being out of the market than being in the market right now.
In this bull run we all need to be patient.
If those guys from the Rock Solid Protocol manage to fulfill what they said in the whitepaper, it's a no-brainer that it will be a 100x minimum.
He's right about Bitcoin simply because it tracks liquidity more than anything. World governments are gonna keep printing money in the long run so Bitcoin goes up. A bet on Bitcoin is a bet on government spending and continued deficits.
buy bitcoin 🚀🚀🚀
Nobody knows where anything is going but I thing the market is guaranteed to do, separate 99% of people from their money for the bottom line of the 1%.
Borg from the star trek?
You will be assimilated. Resistance is futile! 🥵😱
I’m a super bull 🐂
Just saw Jack get orange pilled. Cool.
Why does the closet door have so many hinges?
Btc is the original. BCH is the fork.
"What is the best way to make money from crypto trading?
As a beginner, it's essential for you to have a mentor to keep you accountable. I'm guided by a widely known crypto professional.
The professional is Ms Dremo Lilian..
May God bless Ms Dremo Lilian services, she have changed thousands of lives globally.
Crypto trading is the best
This sounds very good. How do you do that? l am interested, how do i go about getting started?
BTC is a memecoin controlled by Bitcoin Core devs
$BCH is the fork, to increase block size back in the block war days. Same with $BSV both garbage forks of the real deal🎉🎉
👀💯
Maybe the crypto space is stagnant because people like this come on and give an interview that could of been given in 2017. Bitcoiners are stuck in the past.
It's sickening how the conflict of interest and greed cloud the objectivity of these shillers. Of course, they promote pump and price go up.
i hope your not talking about water
😮😮😮😮😮😮😮
My only wish is that Jonah could increase the use of"LIKE". I mean it would really increase his credibility, if instead of every fifth word was "LIKE" , he could maybe make it every third word. That would be more representative of his educational,public speaking, and cultural status.🤮🤮🤮😂😂
BTC will continue going sideways. I believe we will see 57,000, maybe even 51,000. An upward trend will come before the elections.
Two creepy adult babies, if those faces can be believed.
two beautiful babies thank you very much!
Hilarious this kid proclaims SOL is not an "altcoin". First of all, the definition of "altcoin" is anything other than BTC, thus SOL is an altcoin by definition. Secondly, there are only three tokens that have existed more than 10 years and have also remained within top 10 ranking in market value since their inception (hint: none are SOL). In fact SOL doesn't satisfy any of these criterion as it has only existed for one full market cycle (likely even less if you include the downtime wherein the SOL network was offline and not processing transactions lol). He must be new to crypto.
Everyone's an ameture except for Jonah...
>> Is an oil expert.
>> Pitches shitcoins like Bitcoin to people.
Honsetly, we need to just stop listening to self-appointed experts I think. Flip a coin instead. That's probably on-par with listening to podcasts for guidance and you can cut out the hocus-pocus as well.
Dudes from 21, he knows nothing about crypto, block works fell off badly
Delusional 🤤
Hey dawg
Delivery hasn't been short Jack. It's been straight up nonexistent. Your guest paints the picture of an optimistic future but even he admits that a new cohort of buyers that can truly move the needle are nowhere to be found. If people can't use crypto (including bitcoin) in their everyday lives en masse then this industry is destined to die a very slow death. Real, tangible understandable value needs to be provided to end users. Meaningless platitudes, endless promises and overly complex defi schemes will not usher in another bull market a la 2020-2021
Re RWA conversation - you are describing $RVST