The Number 1 Reason Why Bitcoin Price Dropped Today

Поділитися
Вставка
  • Опубліковано 6 вер 2024

КОМЕНТАРІ • 129

  • @CryptoTips
    @CryptoTips  2 місяці тому +6

    Follow me on X! 👉 x.com/sircryptotips
    Open Interest 👉 www.tradingview.com/symbols/BTC_PERPETUALOPENINTEREST/?share_your_love=RealCryptoTips

  • @BlissHenc13
    @BlissHenc13 2 місяці тому +4

    Successful investing is often in large part about resisting our instincts. Especially once you've done your research and have established a set of convictions.

    • @WillsonBradley
      @WillsonBradley 2 місяці тому

      With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and making informed decisions. Consider a similar approach.

  • @rubenzuniga3375
    @rubenzuniga3375 2 місяці тому +7

    With naked shorts, they can now manipulate prices like commodities. The only reason I continue to use cryptos is that " If you don't hold it, then you don't own it". I'd rather have a little bit of value in my possession than get wiped out in the market

  • @womblestacker7993
    @womblestacker7993 2 місяці тому +17

    It always dumps before an FOMC meeting, and shocker grayscale dumping again 😂😂😂😂😂

  • @regorschneid5245
    @regorschneid5245 2 місяці тому +7

    The drop was great as it filled my limit buy!

  • @d.r.s.6557
    @d.r.s.6557 2 місяці тому +10

    You keep warning us not to leverage btc. But obviously we are not the ones doing it lol. Do you think the people making big leverage moves are watching?

    • @nazdabner2685
      @nazdabner2685 2 місяці тому

      That’s why seeing drop in price aka liquidation

    • @defi_maxi
      @defi_maxi 2 місяці тому +1

      He’s simply informing people why bitcoin is dropping.

    • @d.r.s.6557
      @d.r.s.6557 2 місяці тому

      ​@@defi_maxi Yep, I will tune in tomorrow to hear that we need to stop leveraging btc..lol, I am starting to think we should not use leverage.

    • @dsflat6785
      @dsflat6785 2 місяці тому

      Own 0.1 Bitcoin or own 15 Bitcoin Cash ?
      BCH has the same genesis block as BTC
      The same miners
      The same halvings
      The same 21M max supply
      BCH with bigger blocks is also easy to use, fast and cheap to transact on L1 🤔

  • @backgroundguru2103
    @backgroundguru2103 2 місяці тому +1

    BTC balances on exchanges are meaningless. The supply of OTC BTC is endless and Blackrock, Fidelity etc. can buy all they want with no positive effect on price. The only thing to stop the dump is the ETFs stopping shorting BTC to make money. They don't care is their customers make money they get management fees and short BTC then sell BTC for profit.

  • @s.a.n.6967
    @s.a.n.6967 2 місяці тому

    you could've said the same thing about short contracts as there is an accumulation at 72k which was not tapped.

  • @Frank30642
    @Frank30642 2 місяці тому +25

    BitCoin is an asset that passes the Bernard Arnault test: Invest in something that someone who is richer than me, more cultured than me, and smarter than me will want to buy from me in 10 years.

    • @kacmed
      @kacmed 2 місяці тому +8

      those people you described are already in ;) and are manipulating price ;)

    • @silviusksig
      @silviusksig 2 місяці тому

      You don't know why Bitcoin is useful... Research

  • @noelreynolds2356
    @noelreynolds2356 2 місяці тому +1

    Can you please do a ct club members quick video on how to understand/read the open interest website ?

  • @Nekminute
    @Nekminute 2 місяці тому +9

    Bought the top again ?

    • @bassdojo
      @bassdojo 2 місяці тому +1

      Happens to me all the time!

  • @mrmyknight9519
    @mrmyknight9519 2 місяці тому

    Because only a few own 60% and more of the 3 trillions market and they are plying with it.... when institutions start using xrp this will stop

  • @rvnmedic1968
    @rvnmedic1968 2 місяці тому +2

    Manipulation. By the big guys, ETF, Hedge Funds, etc. to get better prices. We've lived through the $6,500 price we originally bought at. Learned very hard to HOLD our BTCs. Now at over 10x our buy price some years ago. Don't sell unless your situation dictates it.

  • @thecookiechannel7083
    @thecookiechannel7083 2 місяці тому +1

    They have been reducing the money supply for several months.

    • @toddsmith4280
      @toddsmith4280 2 місяці тому

      They need to be more aggressive with quantitative tightening. That way they could drop interest rates to balance it out.

  • @keepitreal829
    @keepitreal829 2 місяці тому +3

    See ya all in Nashville can't wait f awesome.

  • @quaziz
    @quaziz 2 місяці тому +2

    Ofc no Tesla phone. Where does that fit in? 🤔

  • @MarcoLopesPT
    @MarcoLopesPT 2 місяці тому

    I CAN'T HEAR YOU!!! Audio keeps getting LOWER and lower!

  • @emoney822
    @emoney822 2 місяці тому +3

    Feds talking Wednesday

  • @womblestacker7993
    @womblestacker7993 2 місяці тому +3

    Rate cut will be September just before the USA elections

    • @Emrico35
      @Emrico35 2 місяці тому

      August and September will be bloody red

  • @abrargujar5870
    @abrargujar5870 2 місяці тому

    every stock making money by increasing stock value than people invest than dropping stock and make money. and people invest lost again increase value and this cycle goes on

  • @nathanielschroeder1321
    @nathanielschroeder1321 2 місяці тому

    Always a buying opportunity. Yesterday I bought big (for me) and an hour later the plug was pulled.

  • @AnnabelGrace-mp8tq
    @AnnabelGrace-mp8tq 2 місяці тому

    I'm excited to be here in your channel and I'm interested in learning more about investing and saving up for my retirement but am a little confused about the whole process. Any advice or tips to get me started up would be greatly appreciated

    • @HelenElsie
      @HelenElsie 2 місяці тому

      Most people either do not understand the power of compound interest, or are just impatient. For the average Joe, however. I think it is just best to invest in the S&P 500, and just wait, which is reliable, albeit extremely long-lots of years. Or just use a professional analyst and speed up wealth creation. Most people underestimate the power of the latter

    • @SandySue21
      @SandySue21 2 місяці тому

      You're absolutely right about the power of compound interest and the long-term potential of investing in index funds like the S&P 500. For many, passive investing in broadly diversified funds can be a reliable strategy over time.

    • @WinnerFred-dj7xx
      @WinnerFred-dj7xx 2 місяці тому

      I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash I invested the money using an analyst, and in seven months, I raked in almost $673,000

    • @HelenElsie
      @HelenElsie 2 місяці тому

      Is her service available outside of the US? As her broker is registered in the US

    • @WinnerFred-dj7xx
      @WinnerFred-dj7xx 2 місяці тому

      I'm sure her service is available outside the US, but you gotta ask her first. I'm positive because I have a friend who stays in Australia and using her services too. You should ask her though to know if she offers her service to your country

  • @hoochtube
    @hoochtube 2 місяці тому

    The more specific Elon Musk is with his answer especially a short answer that is specific the more likely he is saying something that he is not saying! He is not gonna make a Tesla phone. That leaves open a star link phone or other brand such as X phone.🎉

  • @Emma-qm6tb
    @Emma-qm6tb 2 місяці тому

    Were you warning days ago or did you just mention it briefly in passing? Ill have to check back into your videos. Just found your channel now. 99.99% of the channels on UA-cam were 1000% bullish. So you'd definitely be in the .01% if you were actually giving solid warnings and not just a passing comment of remote possibility. If you called it then good on you. You are part of the .01%.

  • @EnglishVeteran
    @EnglishVeteran 2 місяці тому +3

    More opportunity to buy!

    • @tylerjodeblock1224
      @tylerjodeblock1224 2 місяці тому +1

      You mean buy the top? There was lots of people like you saying this so confidently last cycles top

  • @erikjones3064
    @erikjones3064 2 місяці тому +1

    You guys going to BTC Nashville? Should have a gathering if so.

    • @dsflat6785
      @dsflat6785 2 місяці тому

      Own 0.1 Bitcoin or own 15 Bitcoin Cash ?
      BCH has the same genesis block as BTC
      The same miners
      The same halvings
      The same 21M max supply
      BCH with bigger blocks is also easy to use, fast and cheap to transact on L1 🤔

  • @donjuanmurphy5180
    @donjuanmurphy5180 2 місяці тому +3

    Do you 2 ever report on XRP ??????,

    • @bertblue9683
      @bertblue9683 2 місяці тому +1

      It'll range between 52-62 cents USD for the next foreseeable future. Aka years. You're welcome!

    • @peterfarla
      @peterfarla 2 місяці тому +4

      The scam company. You know when you were around when Ripple started and kept a lot of the supply.

    • @nofood1
      @nofood1 2 місяці тому +3

      😂😂😂😂 the worst performing coin in this world ?? Really ?

  • @satoshijames4134
    @satoshijames4134 2 місяці тому +1

    Down equals buy Up equals don't sell

    • @MarcoLopesPT
      @MarcoLopesPT 2 місяці тому

      Until you're down 50, 60, 70, 80 or 90%...

  • @ccheeks
    @ccheeks 2 місяці тому +1

    I have made a lot of money betting against open interest

  • @MJ-ge6jz
    @MJ-ge6jz 2 місяці тому +7

    Those damn shorts!! I like pants better.

  • @TheOcean777
    @TheOcean777 2 місяці тому

    There were talks about a Tesla phone coming already a year ago

  • @Angelgrl
    @Angelgrl 2 місяці тому

    Thank you both ❤😊...let's go 🚀 🚀 🚀

  • @baronsilverbaron757
    @baronsilverbaron757 2 місяці тому

    You don't know the real reason. Hedge funds are earning interest on the carry trade. Hedge funds are buying at spot and and shorting the futures.

  • @Ticonderoga12
    @Ticonderoga12 2 місяці тому +3

    What is this bitcoin?

  • @FM-sq3rh
    @FM-sq3rh 2 місяці тому

    Leverage; Ain't adoption just dandy?

  • @clutchnshift1
    @clutchnshift1 2 місяці тому +1

    A top is hindsight, it was not the top until liquidation dropped in.
    - The Trend ;^)
    11JUN24, 1058 hours PST

  • @mikecaprock9684
    @mikecaprock9684 2 місяці тому

    Great show !

  • @GeoGemIJewellers
    @GeoGemIJewellers 2 місяці тому +1

    volume

  • @joachimchen6385
    @joachimchen6385 2 місяці тому +2

    BTFD!!!!

  • @MrTrigz
    @MrTrigz 2 місяці тому

    Where's the link to open Interest?

    • @CryptoTips
      @CryptoTips  2 місяці тому

      Check the pinned comment! 👍

  • @womblestacker7993
    @womblestacker7993 2 місяці тому +4

    Grayscale dumped 65 million dollars worth I warned everyone on X Sunday it was going dump

    • @mastersweeps6958
      @mastersweeps6958 2 місяці тому

      😂😂😂😂

    • @ElonMusksBigBrother
      @ElonMusksBigBrother 2 місяці тому

      Do comments get any more funny and depicting the audience of this show 😅😅

    • @backgroundguru2103
      @backgroundguru2103 2 місяці тому

      So what? they could buy 500 million and the price would drop with all the ETFs shorting.

    • @dsflat6785
      @dsflat6785 2 місяці тому

      Own 0.1 Bitcoin or own 15 Bitcoin Cash ?
      BCH has the same genesis block as BTC
      The same miners
      The same halvings
      The same 21M max supply
      BCH with bigger blocks is also easy to use, fast and cheap to transact on L1 🤔

  • @MarcoLopesPT
    @MarcoLopesPT 2 місяці тому

    ALTS bleeding heavily for days now! If BTC breaks 60k again, there will be a MASSIVE CRASH

  • @mattruffner2463
    @mattruffner2463 2 місяці тому

    until it hits under 1Mavailable btc coins available on exchanges no one will really care.
    still interesting

  • @lordkhal
    @lordkhal 2 місяці тому

    Because it was technically BEARISH on the short-term. 🐻

  • @soloman6484
    @soloman6484 2 місяці тому

    Go head Elon!!

  • @GenXautrucity
    @GenXautrucity 2 місяці тому

    How many UA-cam video were made every time Bitcoin drops asking why bitcoin is falling?

  • @abdul4198
    @abdul4198 2 місяці тому

    🔥

  • @stevensmith-rb9if
    @stevensmith-rb9if 2 місяці тому +2

    60K IN JULY

  • @abdul4198
    @abdul4198 2 місяці тому

  • @kanji_nakamoto
    @kanji_nakamoto 2 місяці тому

    ETF were good? Think again!

  • @VanillaGorilla21
    @VanillaGorilla21 2 місяці тому +2

    Let’s here it banana brain

    • @CryptoTips
      @CryptoTips  2 місяці тому +5

      Hear* 😘

    • @joesTired
      @joesTired 2 місяці тому

      If you're going to insult someone's intelligence, you should probably proofread your comment before hitting send🤷‍♂️👍 Society in a nutshell these days...

    • @VanillaGorilla21
      @VanillaGorilla21 2 місяці тому

      @@joesTired no ragrets hear

  • @womblestacker7993
    @womblestacker7993 2 місяці тому +1

    Elon has killed AI coins 😂😂😂😂

  • @cape_seal1066
    @cape_seal1066 2 місяці тому

    👍 ❤

  • @carlosbrito1971
    @carlosbrito1971 2 місяці тому +4

    Says the guy that predicted bitcoin ATH before the halving!!

    • @bove2k918
      @bove2k918 2 місяці тому +7

      Yes. And he was right.

    • @openmind06
      @openmind06 2 місяці тому +2

      And…. That’s EXACTLY WHAT HAPPENED 😂 Go troll somewhere else.

    • @dsflat6785
      @dsflat6785 2 місяці тому

      Own 0.1 Bitcoin or own 15 Bitcoin Cash ?
      BCH has the same genesis block as BTC
      The same miners
      The same halvings
      The same 21M max supply
      BCH with bigger blocks is also easy to use, fast and cheap to transact on L1 🤔

    • @bove2k918
      @bove2k918 2 місяці тому +1

      @@dsflat6785 yeah, yeah.. your coin is better.. blah blah

    • @dsflat6785
      @dsflat6785 2 місяці тому

      I own some BTC, a lot more BCH and a few BSV as an outside Bitcoin bet@@bove2k918

  • @danielmata5319
    @danielmata5319 2 місяці тому

    Bircoin? What is that?

  • @JamesMullarneyIsAFraud
    @JamesMullarneyIsAFraud 2 місяці тому

    Elon delivers about 1% of what he promises or hints at. There is 0% chance of a tesla phone.

  • @tonimustonen8825
    @tonimustonen8825 2 місяці тому

    No tesla phone until 2028

  • @H0DLTHED0R
    @H0DLTHED0R 2 місяці тому +1

    BTC to $23K 😢
    Save us Heidi ❤

    • @MarcoLopesPT
      @MarcoLopesPT 2 місяці тому

      They will sell long before that, and you will be holding the bags!!!

  • @blackmennewstyle
    @blackmennewstyle 2 місяці тому +1

    Audio is not so great my dude :/

  • @aceofswords1725
    @aceofswords1725 2 місяці тому

    Elon Musk is right. AI is crap, yet another silicon valley con. I'd be selling that stock right now if I were you.

  • @piaeichberg
    @piaeichberg 2 місяці тому

    Elon Musk has not even delivered on the products he has promised, nevermind a Tesla phone....

  • @cathompson58
    @cathompson58 2 місяці тому

    UA-camrs always only explain this in partial and vague terms.. you get the impression they don't understand it themselves and are just parroting what they have heard .. just explain it in plain English and stop going on random topics like Apple and Elon Musk .. honestly I don't understand how people get things done these days with all the Attention Deficit Disorder approach to topics

  • @michaelsteven1090
    @michaelsteven1090 2 місяці тому

    The X phone was sent from a Musk parody account..nobody realizes that.

  • @s.a.n.6967
    @s.a.n.6967 2 місяці тому

    this guy is a lagging indicator

  • @user-hv8ir2ef6r
    @user-hv8ir2ef6r 2 місяці тому +4

    You're always bullish no matter what. This makes your channel/advise useless!

    • @GarysGuzzler
      @GarysGuzzler 2 місяці тому

      I suggest you never watch cryptos R Us with George every video every single day he's put out the entire bear Market has not only been bullish but riddled with" I predict Bitcoin is going to make all time highs really soon"

  • @jmfthree9794
    @jmfthree9794 2 місяці тому

    Hedgies selling futures short and buying spot. Strangling the price is a form of manipulation

  • @waltersheens1087
    @waltersheens1087 2 місяці тому +2

    No, the reason for this is the expectation Fed will not cut rates tomorrow. With a number of banks ON the cliff currently, this will mean their going down. FED and GOV cannot save them as their totally in debt till their neck themselves. By then Jerome will cut rates but too late then, hence the saying ''Fed is always last to know''. Jerome is going to kick off the worst crisis in history tomorrow....it will take weeks and maybe months till people realise. 93 y/o Warren Buffet sold all this stocks a month ago, he knows what's coming. So people, don't believe idiots like this guy who are just pushers and after selling you a membership.

    • @scotth5237
      @scotth5237 2 місяці тому

      Wrong.

    • @scotth5237
      @scotth5237 2 місяці тому

      Wrong again

    • @waltersheens1087
      @waltersheens1087 2 місяці тому

      @@scotth5237 I sure hope I am....but in a few weeks/months the crisis will start to unfold I'm convinced 🙂

    • @waltersheens1087
      @waltersheens1087 2 місяці тому

      But even with a crisis, BTC could pump....it could even be a catalyst if people move their bankmoney over to BTC.

    • @STEVEHITTER5909
      @STEVEHITTER5909 2 місяці тому

      Money printers about to go "Brrrrrrrr..."🖨💸💸💸

  • @hoochtube
    @hoochtube 2 місяці тому

    The more specific Elon Musk is with his answer especially a short answer that is specific the more likely he is saying something that he is not saying! He is not gonna make a Tesla phone. That leaves open a star link phone or other brand such as X phone.🎉