Home Bitcoin Something Weird Is Happening With Big Money Guys! [Crypto News 2021]

Bitcoin Something Weird Is Happening With Big Money Guys! [Crypto News 2021]

by smart

newsflash bitcoin it’s not dead yet nice nice winning guys we’re winning look bitcoin it’s been having a rough few days in the charts as we’ve been discussing but we might be getting a bit of relief and what’s very interesting is the things that have been going on in the news right now because slowly but surely we’re starting to see a bit of a narrative shift going on here now it’s too early to say this is a definitive like yep all the institutions are about to pump bitcoin back to the moon but we’re starting to see some early movements that are making me take notice so we’re going to discuss that in this video my name’s lark every day i make videos talking about cryptocurrency investing so if that is a topic that you would like to learn some more about the make sure you are a subscriber to the lark davis channel that you are just gently tapping on the thumbs up button just for the youtube algorithm just gently no violence needed here and of course click on the notification bell to know when i put out a new video so let’s go ahead and turn straight over to the charts to get started off with today bitcoin closed under the the green line the green line that’s thirty thousand dollars bitcoin closed under thirty thousand dollars on the daily charts for the first time in a very long time actually since january first that was the last time we actually saw a daily close for bitcoin under thirty thousand dollars in the course that was on the way up not on the way down like we are currently experiencing now this happened on very low volume so just to give you some perspective you can see that little volume right there and then look at the first sell-off look at the volume here right up here that’s incredible there’s a very very very different situation they can see here just move that back and just see how big the volume was on the first sell-off versus the volume right now so essentially what we are seeing is a low level of conviction from sellers also not a massive amount of conviction from buyers let’s keep that real for a second but a lot of people who are still holding onto their bitcoin right now are holding on to their bitcoin they’re decided that they’re going to go with the diamond hand route they’re going to huddle they’re holding on to their bitcoin they’re expecting higher prices whether it’s in a month or six months or a year or five years these people are holding on they’re not willing to part with their bitcoin yet so incredibly low volumes that we’re seeing right here also because of the general indecisiveness of the market we haven’t seen an incredible amount of buyers stepping up here either yes we did have a nice little green candle it’s cute let’s look at it nice hello green candle welcome back to the party man nice to see you little green candle pushing us back up above 30 thousand dollars we’re about 19 hours off from the daily close at the time recording this video a lot can happen between now and then but maybe that was the time to buy bitcoin i still have some orders in lower uh in case the market does turn around and you know goes down further i’ve got orders in for bitcoin at uh 27 000 right now fingers crossed that’d be pretty awesome to get those filled i did buy a little bit more bitcoin at 29 500 yesterday nice feels good but uh let’s see how this all plays out over the next few days here but uh very low volume very low conviction i think from the general market right now which really has been this whole sideways ranging thing that we’ve seen is kind of ranging downwards and sideways at the moment but um generally we are seeing just a lack of conviction from the buyers and the sellers until the market really definitively decides the direction that it’s going and then we’ll see those volume levels spike back up big time but before we dive into the news i just wanted to point this out because there’s a funny thought that i had that i want to share with you guys that as a cryptocurrency investor you deal with some stuff i mean come on bitcoin’s gone down fifty percent in two months most of your alt coin bags are probably like down seventy eighty percent something like that it’s brutal crypto’s crazy man the uh the old saying um the volatility is the price you pay for performance very very true because if you dial it back and yeah we’re down 50 from the all-time high but it’s all relative to when you bought because anybody anybody who bought in 2020 is up right now think about that any day that you could have bought bitcoin in the whole year of 2020 you’re up right now although a lot of people came in and bought bitcoin in 2021 and they’re down right now but if you’re still holding if you’re one of those people who are diamond handing it then you know about the craziness of this right here that when stock markets drop two percent everybody loses their minds man crypto holders were made differently apparently it’s some crazy stuff by the way if you’ll be trading some crypto currencies maybe i’m gonna trade some bitcoin some ethereum some xrp whatever your fancy might be you need yourself an account over on buybit they have just introduced spot trading so you can get zero percent fees if you’re a market maker in the spot markets they of course also offer a very popular derivatives market with a lot of different coins you can long or short over there on buyback use the link down below in the description to start your account and you get up to 600 dollars in trading bonuses now let’s talk about the news arc invest they are still a buyer of bitcoin right now i think this is encouraging because you see these big highly successful investors doubling down and doubling down and buying more and buying more and buying more now arc invest it’s interesting that they bought even more grayscale bitcoin shares that was around eight million dollars worth what’s that’s 250 bitcoin or something not crazy amounts but you know some bitcoin right they did however just have a massive unlock so this was one of the x factors in our grayscale bitcoin unlock was actually a lot of those shares were going to arc invest so they’ve just had those shares unlocked which they can now hold on to and they’ve been buying more shares because currently the grayscale bitcoin trust is trading at a discount which means essentially that you can buy bitcoin via the gbtc trust at less than it costs on the spot market and of course arc invest will be playing on the idea that grayscale is a highly likely contestant for getting a bitcoin etf grayscale’s intention is to transfer the grayscale bitcoin trust into a bitcoin etf so buying now at a 15 discount on an asset that’s going to trade at spot price in the future potentially a very smart play here from kathy wood over dark invest they’re still buying they’re still buying they’re not afraid to be gobbling up some dip now here’s the very interesting thing that i want to talk with you about because the narrative it’s a trickle right now i don’t want to get too excited but it’s a trickle and we are starting to see just a little bit of these financial institutions starting to take a more positive view on bitcoin so this is a article from nasdaq.com jpmorgan wealth ceo says clients see bitcoin as an asset class to invest in now this is an important thing because just remember last week just last week blackrock big world’s biggest asset manager came out and said that there’s no demand for bitcoin nobody wants to buy bitcoin here we are jp morgan’s clients i’m sure the same clients black blackrock has saying something different so is it time have they got their messages as a time to flip the script and go bullish again goldman sachs also last week bitcoin is not a viable asset class to invest in jp morgan investors disagree i’m telling you the sentiment in this market can change just like that can happen real fast and by the way jp morgan also hiring more blockchain talent so to speak they want people with experience in bitcoin ethereum proof of stake consensus mechanisms i’m sure jp morgan will start offering eth 2.0 staking to its customers in the not so distant future as well as all of their other cryptocurrency activities that they’ve been providing for their clients and then here’s another story very very interesting as well this is out of cnbc uh an organization that is definitely a a fudster and a half these guys will literally repost articles from like six months ago to try and stir up fud cnbc man anyway these guys they posted this today bitcoin mining isn’t nearly as bad for the environment as it used to be new data from cambridge university shows the geography of bitcoin mining has drastically changed over the last six months again look at what’s happening here how quickly all these news stories can start to come out that are actually positive how quickly they can start come out and saying again hey look bitcoin’s a good asset class bitcoin’s popular with investors add two or three percent of bitcoin your portfolio yeah i know we said bitcoin mining is really really bad for the environment but actually it’s not that bad don’t worry there’s a new study bitcoin mining it’s back on everybody’s cool bitcoin mining again let’s all not worry about that particular talking point for a while just go out and buy some bitcoin this is a big turnaround for them to now basically coming out and saying like hey actually bitcoin mining not really that bad for the environment it’s all good go buy yourself some bitcoin incredible change of opinion and it’s incredible how fast it changes there’s a game going on here the game is how to get the bitcoin from your pocket into their pockets and they’re patient they have lots of resources and they play the game very well because these organizations have played the game with gold they’ve played it with forex they played it with real estate and bonds and stocks and now they’re playing it with crypto particularly with bitcoin they’re taking a big interest in ethereum as well and look what bitcoin and ethereum do largely influence the entire cryptocurrency market those two cryptocurrencies alone make up like 70 of the entire cryptocurrency market cap massively important and that is where a lot of their focus has been going when you understand the game understand how it’s played you can adapt to the rules of the game as they play it and it’s interesting that these positive news stories are starting to come out when we have the b word happening today so the b word this is a conference that jack dorsey the ceo of square and twitter he’s putting on he’s invited arkan vest so kathy wood she’s going to come and talk what’s got a lot of people excited they’ve also invited elon musk elon musk is going to come and talk now michael saylor he put out a report from you know his buddies at the bitcoin uh mining council recently that shows that bitcoin this was only according to 33 of bitcoin miners who reported in but bitcoin is uh 56 or 57 mined on renewables elon musk had previously said well if bitcoin if i can see data that shows that bitcoin is more than 50 renewable then tesla will start accepting bitcoin again will that conversation come up tomorrow it’s very interesting that we’re seeing these positive news stories come out right before this big event now jack dorsey is actually putting this on in order to pitch bitcoin as an investment to institutions very very interesting stuff we’ll see what comes out of this obviously michael saylor did a similar thing back in february which obviously got a lot of institutions interested as well this is the next phase of it so definitely definitely just keep an eye on the stories that we start to see coming out from the media because i get the feeling these guys are about to pull the big old switcheroo on us and start pumping up bitcoin again at least i hope let’s see what happens over the next few weeks how the rest of uh july plays out of course really looking into august i think would be very very interesting for the whole crypto markets with a lot of people the sellers reaching exhaustion the positive narratives starting to come back in anyway those are just my two satoshis your question for today do you think that we’re about to see a situation where all of these financial institutions and media organizations flip the bullish switch back on or am i getting a bit too optimistic and we’re about to tank by another 50 and they’re gonna keep being very very very bearish let me know down below in the comment section thanks so much for watching today’s video and peace out till next time you


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Bitcoin Something Weird Is Happening With Big Money Guys! [Crypto News 2021]
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