Bitcoin Update July 5, 2020

This video is for subscribers of the Crypto is Easy newsletter: http://cryptoiseasy.substack.com/

Talking about my plan for bitcoin's crash, if it comes. Here's the link to the article I mention in the video, with TL;DR --

The Bitcoin Market Is Totally Dominated By A Tiny Number Of Pro Traders (Forbes) https://www.forbes.com/sites/billybambrough/2020/06/18/the-bitcoin-market-is-totally-dominated-by-a-tiny-number-of-pro-traders/

Bottom line: professional traders account for 85% of bitcoin bought and sold.

My take: Duh. Retail traders have very small balances and almost 2/3 of bitcoins have not moved in more than a year. A tiny number of people have an outsized impact on bitcoin’s price, and by extension, the altcoin market.

Why we care: a single big move, or a few big moves, can send bitcoin’s price zooming or crashing. As altcoins generally move in the same direction as bitcoin, these traders can swing the entire market like crazy, on a whim. Fundamentally, nothing changes.

Other links:

Visit my website: https://www.MarkHelfman.com

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Peek at my Publish0x blog: https://www.publish0x.com/big-crypto

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***Nothing in this video shall be construed as financial advice. No comments in this video represent the view of any government agency or business. This information could’ve been doctored, posted without my consent, or misrepresented by the internet. All information is meant for public awareness and is public domain.***

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