DO NOT Buy Bitcoin (URGENT Crypto Message 2021)
Welcome to BitBoy Crypto! Home of the BitSquad The largest and greatest crypto community in all the Interwebs My name is Ben. Everyday on this channel, I show you how to make money in crypto. If you like money and crypto, make sure to hit that subscribe button. Guys, I got a very, very, very important message today that you need to hear. Let me clear my throat because this is going to be important. Do not buy Bitcoin. I know what you’re thinking. “How in the world is BitBoy Crypto a channel built totally on Bitcoin and crypto can it tell us not to buy Bitcoin?”
Well, let’s look at the markets right now. Bitcoin coming in right now at about $50,000. It got all the way up to I think $49.8K today, heading to $50,000, and I want to be clear. I want you to understand that me telling you not to buy Bitcoin does not mean the price of Bitcoin is not going to continue to go up. But it is. However, I read a very concerning article today. And this is a very applicable sign of the top that is to come. As you guys know, I believe that Bitcoin will be heading to $100,000 in the next two months. It’ll be very quick. Altcoins will go a little bit longer. Here’s the thing though. The article that I read said that right now, millennial parents are joining into crypto like never before. Now, this is very scary for me because this is my age group—millennials. And I have so many friends who are in the same situation. They’re in their 30s. Maybe in their 40s. They’re just out there living paycheck to paycheck. And they’re looking for a way out.
They’re looking for a way out of that paycheck-to-paycheck lifestyle. Now, crypto certainly offers you that. Crypto certainly offers a way out from the paycheck-to-paycheck life. I know. I did it myself. But here’s the thing. The next two months are not going to be that opportunity. Yes, you can double your money, but the people that are looking to get out of paycheck to paycheck, they are not looking to double their money. They’re looking for significant more gains than just doubling their money. They’re looking to change their lifestyle. The rest of this bull market will not offer that type of gain to people that are not already in this market right now. What I’m afraid we’re going to see is millennial parents coming in, who want to change their lives, during this hysteria we are heading to right now, and then they’re going to get dumped on. They’re going to get dumped on by the top of the market, the institutional investors, the hedge funds, the whales, the smart money, the people that understand the Bitcoin cycles.
So if you know people right now who are talking about getting into crypto, and they’re new, you need to tell them this important message. You need them to understand. You need them to understand. Sorry. A lot of coughing today. I did have a test and it was negative by the way, so I will be surviving and living, just so everybody knows. But the point here is, is that what is going to happen is that people are going to be coming in at the top of this market, and they are going to be getting wrecked. They’re going to be FOMOing in, and they are going to lose a lot of money.
And it is going to be a very, very, very scary proposition. So here’s the message that you need to give to these people. Do not buy Bitcoin right now unless you understand the market cycles and you understand that there will be a sell point in the next two to three months. The time to buy Bitcoin right now if you’re new, if you’re new, you’re just getting into this market, the time to buy Bitcoin is going to be a little over a year from now. The bear market will kick in. Prices will drop. Bitcoin will drop probably down to $20,000, $15,000, $20,000, somewhere around that time, and then you will have a lot of time to be able to get gains and make money and sit through an entire cycle. If you’re new to crypto and you know anyone who has been into crypto for more than four years that has been through one entire cycle, then you need to talk to those people, and you need to let them know– you need to talk to them and ask them how they did it, how they made money in this market, how the market cycles work, and they will all tell you the way to do it is to buy in at the bear market. Now, as the bull market commences right after the halving, there are plenty of times to still make pretty good money in the run up, but right now, if you know people who are just looking to get in, the time is almost over. I will tell you this. The time for long-term gains is not right now.
Right now is a time for short-term gains. You should be making quick flips over the next few months. You should not be buying to accumulate. This is not a good time to do that. Ethereum is borderline– it could– if it goes up to $10,000, maybe it will hold above $3,000. But remember this. Anything that you buy right now, anything that you buy right now, it will be cheaper in a little over a year from now than it is right now. You have to remember that. So if you’re buying into crypto right now, you should be aiming to sell the top, aiming to sell and make gains. You should not be looking at this as a time to accumulate for the long term. That is not a good thing to do. Now, if you just want to buy it, set it and forget it, then you’re okay watching your portfolio lose anywhere from 50-80% of its value, then by all means, be my guest, and go ahead and do that. But my suspicion is most of you do not want to do that. So I want to know what you guys think about that message because it is getting time that, you know, towards the end of this bull run where we need to start thinking about the next moves.
We need to start planning ahead and thinking about how we’re going to manage things after the top of the market because it is going to be coming swiftly, my friends. Alright, guys. That’s all I got for today. I’ll be back in the morning with some more Bitcoin news. We’ll be doing our Sunday-drive-to-church video. We’re definitely going to talk about some Cardano in the morning. Real excited to see what’s going on with that coin. I think another big run-up is coming, probably in the next few weeks. Just go and drop your comments down below. Let me know what you think. That’s all I got. Be blessed. BitBoy out.