WILL BITCOIN HOLD $40,000? WHEN TO TAKE PROFITS?

The crypto community is extremely fearful, as the Bitcoin Fear and Greed index plunges to 21. What should traders and investors do? As the saying goes - buy the fear, sell the greed. Want to know what investors with big pockets do? They buy more Bitcoin. One of the biggest whales in the crypto space just bought more BTC at $40K per coin, and now holds more than 111,000 coins worth $4.6 billion. Forrest Gump wisely said “stupid is as stupid does.” In this case “whale is as whale does.”

In other news: CNBC’s Jim Cramer urges crypto investors to take profits, citing potential risk from Evergrande with Tether, Genesis raises over $400 million for expansion of its mining business, Coinbase to propose crypto regulations to US officials, Snoop Dogg is now an NFT whale, AMC might accept Dogecoin, and BitClout creator aka Diamondhands reveals his identity and a new $200 million ‘decentralized social’ blockchain project.

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#Bitcoin #Ethereum #Crypto

Timestamps:
0:00 Intro
2:10 Ethereum sinks below $3,000
3:01 Mike Novo
4:10 September Options Expiry
5:10 Extreme Fear
6:18 Whales buy the dip
7:30 Bitcoin chart
13:36 Ethereum chart
14:19 Gensler
17:23 Coinbase to propose crypto regulations
18:15 Cramer: sell Bitcoin
23:34 Dalio vs Bitcoin
27:20 Genesis raises $431M
28:16 Snoop Dogg is an NFT whale
29:30 AMC to add Doge
30:04 Doge chart
30:25 Decentralized Social by BitClout

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The views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. This video was created for entertainment. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor. Nothing contained in this video constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to "Buy," "Sell," or "Hold" an investment.

WILL BITCOIN HOLD $40,000? WHEN TO TAKE PROFITS?