NO MORE BITCOIN LEFT!!!!
TLDRIn this video, DaVinci Jeremy and Mr. Maritzio discuss the impending Bitcoin shortage and its potential impact on the market. They mention that Bitcoin supply on exchanges is rapidly diminishing, with some predicting depletion within the next nine months. The hosts suggest that viewers secure their Bitcoin through platforms like Coin W, emphasizing the scarcity and increasing value of the cryptocurrency. They also touch on the role of institutional investors like Black Rock and the recent ETF run-up, speculating on the market's future direction. The conversation includes a warning against trying to time the market and the importance of holding Bitcoin for the long term, as well as an invitation to join their community for trading signals and discussions.
Takeaways
- ๐ Bitcoin is experiencing a shortage on exchanges, which could lead to a significant price increase as demand outstrips supply.
- ๐ DaVinci Jeremy and Mr. Maritzio discuss the potential for a bull market in Bitcoin, suggesting that the fun is just beginning.
- ๐ฐ The available Bitcoin supply on exchanges is rapidly diminishing, with some predicting depletion within the next nine months.
- ๐ Bitcoin's scarcity is increasing, which could lead to a situation where institutional players struggle to acquire large amounts of Bitcoin.
- ๐ Despite the current market conditions, the price of Bitcoin is approaching an all-time high, indicating strong investor interest.
- ๐งโโ๏ธ The discussion suggests that market manipulators might be pushing the price down to accumulate more Bitcoin before the next big surge.
- ๐ Grayscale's GBTC has significantly reduced its Bitcoin holdings, which could impact the market as these coins are sold off.
- ๐ค The speakers believe that anyone who consistently accumulates Bitcoin over a couple of market cycles using a DCA (Dollar-Cost Averaging) strategy will likely be successful.
- ๐ซ They caution against trying to time the market or 'catch a falling knife', emphasizing the importance of patience and long-term holding.
- ๐ The potential for a short-term price increase to the 66 level is mentioned, but with a warning that a retracement to the 52 level is also possible.
- ๐ The speakers encourage viewers to sign up for their group on Coin W for trading signals and to be part of a community discussing Bitcoin.
Q & A
What is the main topic of discussion in the video transcript?
-The main topic of discussion is the impending Bitcoin shortage and the potential impact on the market.
Why is DaVinci Jeremy excited about the next few months in relation to Bitcoin?
-DaVinci Jeremy is excited because he believes that as the supply of Bitcoin on exchanges is depleting, the demand will lead to an explosion in the market, with the price potentially reaching an all-time high.
What does the term 'Bitcoin having day' refer to in the context of the video?
-The term 'Bitcoin having day' refers to the day when the Bitcoin supply on exchanges is rapidly diminishing, making it even less available for institutional players to buy.
What is the current status of Bitcoin supply on exchanges according to the Monday analysis by Bybit mentioned in the transcript?
-According to the Monday analysis by Bybit, the available Bitcoin supply on exchanges is rapidly diminishing and potentially reaching depletion within the next nine months.
What is the significance of GBTC (Grayscale Bitcoin Trust) in the context of the discussion?
-GBTC is significant because it has been selling a large portion of its Bitcoin holdings, which has contributed to the overall reduction in Bitcoin supply on the market. The discussion suggests that when GBTC stops selling, it could lead to a shortage of Bitcoin for institutional buyers.
Why might the retail market not be fully invested in Bitcoin yet, according to the speakers?
-The speakers suggest that the retail market might not be fully invested in Bitcoin yet because they haven't observed widespread public interest, such as taxi drivers or schoolmates asking about Bitcoin, which was a sign of retail involvement during the 2017 peak.
What advice is given to viewers regarding buying Bitcoin?
-The advice given is to be patient and not to try to 'catch a falling knife' by attempting to buy at the perceived bottom of the market. It is suggested to consistently accumulate Bitcoin over time, using a strategy like DCA (Dollar-Cost Averaging), and to secure one's investment properly.
What is the potential strategy that institutions might use to acquire more Bitcoin?
-The potential strategy mentioned is that institutions might borrow Bitcoin from ETFs like GBTC and sell them into the market to push the price down, creating an environment where retail investors sell their Bitcoin, which the institutions can then acquire.
How does the speaker describe the emotional aspect of the market and its impact on investors?
-The speaker describes the market as being very emotional, especially for those who watch it on a daily basis. He suggests that market manipulators know how to use this emotional aspect to their advantage, potentially causing investors to make hasty decisions like selling at the wrong time.
What is the importance of having 'Diamond hands' in the context of Bitcoin investment?
-Having 'Diamond hands' refers to an investor's ability to hold onto their Bitcoin despite market fluctuations. It implies a strong conviction in the long-term value of Bitcoin and an unwillingness to sell during downturns, which is seen as a desirable trait for successful Bitcoin investors.
What is the recommendation for those who want to get involved with trading and discussions about Bitcoin?
-The recommendation is to sign up on the platform mentioned (coin w. davincij15, docomo) to get trading signals, participate in a group, join the chat, and engage with other members for insights and discussions about Bitcoin.
Outlines
๐ Bitcoin Supply Diminishing on Exchanges
The first paragraph discusses an impending Bitcoin shortage, highlighting the rapidly diminishing supply on exchanges. The speakers, DaVinci Jeremy and Mr. M, discuss the potential depletion within the next nine months, as analyzed by Bybit. They emphasize the importance of securing Bitcoin before it becomes scarce, and suggest that the current market dynamics indicate a bullish trend. They also mention the reduction in Bitcoin held by Grayscale's GBTC and the impact this could have on institutional buying.
๐ Institutional Accumulation and Bitcoin's All-Time High
In the second paragraph, the conversation turns to the difficulty institutional investors face in acquiring large amounts of Bitcoin. The speakers suggest that these investors may be attempting to drive down the price to induce retail sellers to part with their Bitcoin. The paragraph also discusses the potential for Bitcoin's price to reach an all-time high, with the current market dynamics suggesting a bullish trend. The speakers express excitement for the upcoming market movements and advise viewers to accumulate Bitcoin, emphasizing the importance of patience in investing.
๐ฐ Bitcoin as a Long-Term Investment
The third paragraph focuses on the concept of Dollar-Cost Averaging (DCA) into the Bitcoin market. The speakers propose that if someone consistently accumulates Bitcoin over two market cycles (eight years), they are likely to be in a good position, assuming they secure their investment properly. The conversation also touches on the risks associated with trying to time the market and the importance of having 'diamond hands' โ holding onto one's investment during market fluctuations. The paragraph concludes with an invitation to join a trading group on Telegram for further insights and community interaction.
๐ Market Manipulation and Emotional Trading
The final paragraph delves into the potential for market manipulation by industry players who may use ETFs to influence Bitcoin's price. The speakers discuss how these players could borrow Bitcoin from ETFs and sell it to create a market environment that encourages retail investors to sell. The paragraph warns against emotional trading and the dangers of trying to 'catch a falling knife.' It concludes with a reminder to not get caught on the wrong side of the market and an invitation to join a live stream and social gathering, indicating a continued engagement with the community.
Mindmap
Keywords
๐กBitcoin
๐กShortage
๐กExchanges
๐กDepletion
๐กInstitutional Players
๐กETFs (Exchange-Traded Funds)
๐กScarcity
๐กMarket Manipulation
๐กFiat
๐กDCA (Dollar-Cost Averaging)
๐กRetail Investors
Highlights
Bitcoin shortage is predicted to occur within the next nine months according to a Monday analysis by Bybit.
Bitcoin supply on exchanges is rapidly diminishing, potentially leading to scarcity.
The speakers suggest that Bitcoin is a good investment despite potential price fluctuations.
Grayscale's GBTC has almost completed selling, which could impact the available Bitcoin for institutional buyers.
The conversation indicates that Bitcoin is becoming increasingly scarce, which could drive up its value.
The speakers discuss the possibility of Bitcoin reaching an all-time high price in the near future.
They mention that retail investors are not fully in the market yet, suggesting there's still room for growth.
The discussion includes a strategy for consistently accumulating Bitcoin over two cycles (eight years) for potential financial success.
The risk associated with Bitcoin is considered very low, comparing it to the probability of an asteroid hitting a planet.
The speakers believe that betting against Bitcoin at this point is not a wise decision due to its low risk.
They discuss the emotional aspect of the market and how it can be manipulated by large players.
The potential for a 'W' pattern in the Bitcoin market is mentioned, which could indicate a price increase.
The possibility of a price drop to as low as $52,000 is discussed, depending on market manipulation by industry players.
The use of ETFs to manipulate Bitcoin prices is explained, suggesting that they can be used to push prices down at key moments.
The importance of patience when investing in Bitcoin is emphasized, warning against trying to 'catch a falling knife'.
The speakers caution against selling Bitcoin at the top and buying at the bottom, a common mistake among investors.
They predict an 'explosion' in the Bitcoin market in the next few months due to supply not being able to meet demand.