WHO & WHY is Crashing Crypto? (KEY LESSENS for NEW CRYPTO TRADERS)

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leon
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*Disclaimer* I am not a financial advisor. I hope to learn and grow by making these videos and in turn hopefully you can also learn and be entertained during them. Thanks for reading this and make sure to do your own research before investing.

Links:

The CryptoCurrency News Guy: https://www.youtube.com/watch?v=5TRSFc1LIBE

CNN Article: https://www.cnn.com/2021/06/08/investing/bitcoin-plunge-intl-hnk/index.html

CryptoNews.com article: https://cryptonews.com/news/crypto-market-signals-turn-bearish-but-long-term-investors-c-10605.htm

Content:

Today we discuss the most recent Crypto/Bitcoin Crash.

It feels like we have a crash every week lol ---(secretly crying)

But my thoughts about any crash are that I am a long term holder. I do not stress out over things like this. I believe in Blockchain

So, Why did this most recent crash occur?

One reason is Trump called Bitcoin a SCAM....and this dumbed the price.

Well - Idk about you but I do not really care about what he has to say. And he is like 80 years old- so I am not sure he realizes the full potential for Crypto.
Next I look at an article claiming those that are selling are actually just people that joined crypto recently.

Meaning- long term holders are simply accumulating more and are not selling. I like this, but feel for this new holders. This can be very scary and I imagine they are worried. But, like I say, an individual needs conviction to be a crypto holder. The promise of getting rich isn't easy and if it was everyone would be doing it. HAVE some courage and hold is my thought.

Either way, I hope you all enjoyed the video.

Cheers!
Parker
Category
Crypto Trading
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