What is going on YouTube! In this video we are going to talk about how to make money during the bear market because I can tell you we are in a bear market right so what do you do right do you crap your pants get emotional and sell everything or do you actually think logically about hey what is the best thing I can do given the probabilities of what is likely to happen right.
Most people they don’t they don’t realize that the crypto game is a probability game they look back on things and just financial markets in general and then they think oh man I should have done this and that influences their decision in the future and they end up losing a lot of their money because they think like that thanks for everyone hopping on.
If you guys are on here it says oh now we got six viewers at zero let me know where you guys are watching from this evening I would appreciate engaging with you guys a little bit and I’m sure we’ll talk a little bit towards the end of this video.
Let’s go ahead and jump in once if you see a few cities and states we’re gonna jump in so where are you guys from all started off my name is Jeff ‘zero percent credit crypto’ Sekinger and I’m from Miami Florida. Actually I’m from Columbus Ohio but now living in Miami Florida we got Mexico, Miami no Noah is from Miami you should change your name to yes yes Miami Jack.
That’s awesome nice to see you here again San Diego that’s great yeah nice to see you Steven cool guys let’s go ahead and jump in at Minnesota. We got Paul here I’ve been shooting a lot of content on a lot of meetings so I decided you know what why not just overdo it tonight and just punch myself in the face by getting on a YouTube live.
So that’s what we’re doing whenever there are you know I like to to full send things so might as well just finish out the day strong so bitcoin has obviously gotten crushed we’re in a consolidation zone and I’ve been there since may 19th after a big drop we actually had a wick come blower.
We actually had a right around the same volume this day it was actually in the morning I remember when it was at 28,000. The market has just been behaving very very weird recently no one honestly knows if someone knew what was gonna happen they would have they would be the richest person on earth.
No one knows again this is a game of probabilities to give you guys an overall sentiment I do feel bearish about the market I wouldn’t be surprised if we jumped off this ladder and headed lower but that’s not the discussion of this of this video the discussion is going to be okay.
How can you make money even if you know we stay at a standstill here or we continue lower usually when the volatility of the upside and downside slows and you start to head into a consolidation zone like we are here and the wicks get smaller and smaller and smaller and smaller that usually means something is going to break out to the upside or the downside here shortly.
One thing I want to bring to people’s attention is you keep hearing this on I mean pretty much every social platform that hey the bear the bull market is not over because we did not have a blow off top like the previous one so first of all let me just actually put this into a make sure we’re not in a log okay.
I think we’re okay so this is the current bull market but let’s go back to 17 you know what why are we in a four-hour chart right now so as you can see in 17 right. We had a we had a complete blow off top like where we had massive growth and then we came down and crashed really hard so everyone else is looking at the market right now and saying okay well we didn’t really have that which look how minuscule 17 looks to where we’re at now but we didn’t really have that right because we came up and we had just pretty much like a head and shoulders pattern and then we came back down and it was kind of just like a like a little oval at the top instead of like massive growth and a large wick downwards right.
So everyone’s saying hey well we this is not the end of the of the bull market which there’s a few things that could play out which you can go to in here in a second but I think what’s important to notice is and everyone says that you know the market is not you know to not be like too far out of you know what has happened previously what has changed though which a lot of people are not really noting is the dominance of bitcoin.
So the overall market is completely changing this is bitcoin dominance right so this is how much bitcoin has in the total market cap so let’s just look at the total market cap right now we’re at 1.3 trillion right bitcoin has 606 billion right so that means that its dominance right now is at 44 okay but look what at it what it used to be in 17 right.
We were just looking at that chart previously in 17 look how high it used to be used to be 95 okay and then in February of 17 it started coming down hard right because people started buying ripple they started buying Ethereum a lot of people were buying Tron they were buying all these different projects that came out and and that brought the dominance of the market down right.
So it brought it all the way down to 35 percent then it started to come back up right up to 73 and now we are heading back down we came back down this market cycle down to 39. I thought it was going to head even lower but we’re at we we came at a low of 39 now we’re sitting at 46 like I mentioned earlier depends where you’re you’re scooping the data from so what has happened now is you know since the previous all-time high we have not had a market where bitcoin has not absolutely dominated everything.
So I think what’s important is to also look at look like let’s look at the total market cap and like let’s judge the market instead of the market being on bitcoin which this will change right as as things mature and things change in the market the quote-unquote market is going to change so how you actually gauge the market will also change so if you look at this chart which is the total market cap excluding bitcoin we did have much closer to a blow off top than we did with bitcoin right.
I mean look at bitcoin you see it’s very rounded right we had like three small peaks before a lower a lower high so we had higher highs higher high lower high and then a complete drop where we came down 55 from the all-time high right with this and we’re looking at everything excluding bitcoin so the total market cap excluding bitcoin we had more of a blow off top right.
We had honestly really one peak there wasn’t like a there wasn’t a a delayed time frame behind between the peaks within the higher high higher high and then higher or a lower high so if you’re looking at it from the market it does look like we technically did have like a blow off top right just in the total market cap excluding bitcoin but again looking at bitcoin it doesn’t really look at it look like it that’s why everyone’s saying okay.
It didn’t it didn’t actually abide by the having cycle right so we ended early and then also we didn’t have a blow off top so I actually think that we’re gonna just have a V-shape recovery and bounce that’s absolutely not what has happened as I mentioned I think it’s gonna be more like a extended time frame where I think what we’re in like two and a half months in I guess may no I guess we’re just two months in.
So if we look at when does this happen previously let’s see I think you have to go to like BTC liquid I believe to actually look way back you know I have another place we’re gonna look at it anyways here it is pretty sure this is it let’s see so if we go back to 13 nope it is not going to go back to 13 cool.
We’ll go to we’ll go here what I am talking about is this chart so you see in 13 when this happened right a lot of people think this is happening right now but here’s the thing is the the market cap bitcoin was 152 right so like what do you think the market cap was it was much much lower than what it is now but anyways we had this similar thing happen during the bull market we had a massive growth then we had a drastic drop I believe it was what was it okay so we had bitcoin go from 213 all the way down to 65.
So even a larger drop than what we we just had by about 20 and then we it consolidated for about six months and then after six months then we had another massive wave up where we had to blow off top and that was the actual end of the bull market so a lot of people are asking okay.
Well is that going to happen again and time will tell what I can tell you is this is the so these colors over here is a percentage monthly increase of the 200 week moving average so when when historically right when we head into a darker color on this chart over here that has been a better and better time to buy what has never happened before is we’ve never gone into dark blue during a bull market and that just shows really like slower growth within bitcoin and I think that’s that’s really happening because of the market cap is getting pretty high now.
Guys I mean we reached over a trillion and here’s another thing to note is the total market cap it took 10 years to get to a trillion dollar market cap and then after the 10 years it took three months to go from 1 trillion to 2 trillion so we had like ridiculous growth within crypto we doubled the entire market cap in literally a quarter and we went to an all-time high of like 2.45 trillion right.
So we had a lot of growth but historically at least for bitcoin when we do head into these darker colors that is a better time to buy so there’s a few things that I will give you that I think will help in in actually making money during the bull market overall we’re in a big consolidation zone market looks pretty healthy if you look at longs versus shorts.
I mean it’s pretty even right the reason why we had such a dramatic drop which everyone’s asking why why why it’s mainly because we had we were way over leveraged right there was way too many longs in in the market and then number two I honestly think it’s manipulation from elitist big banks large corporations looking around seeing bitcoin go up 650 in seven months and saying wow crypto is here to stay it is a big deal blockchain is not leaving.
They’re starting to make the connection between how cryptocurrency actually fuels blockchain and they realize the value of crypto and they’re looking around saying we’re printing all this money you know what we’ve been on a 12-year bull market in the stock market where can I start to store some of my wealth and you know they they missed the boat right and now they and what you need to understand is crypto is so small.
It’s so little it’s so new like you guys you guys gotta give it time right like financial markets are just places to pass wealth from the inpatient to the patient right like warren Buffett has has famously said it’s so true when you are impatient with with any type of investment.
You’re likely to pass money especially in the secondary market you’re very likely to pass your money and your wealth to people that are actually patient so if you’re investing in a crypto number one you should not be investing things you can’t afford to lose or you shouldn’t be investing with a very short time horizon and the reason is because the market is insanely volatile.
I mean if you look at like the the growth it has just been I mean so we had a we had a 56 drop in 11 days and eight hours so if you can’t take the heat get out of the kitchen all right right like there’s no way to have 650 increase in seven months without like volatility to the downside nothing ever goes exponentially up for forever right so you got to realize you’re going to have times where you’re way down but you just need to be patient.
I’m about to give you a few things that you can do to not lose all the money so number one is patience number two is having the perspective that I just talked about this is a long-term game it’s a new asset realize that wow let’s look at the market cap the market cap is 1.3 trillion dollars.
There’s multiple companies inside the united states alone that are worth more than than the entire asset class of cryptocurrency okay so if this market wants to get manipulated and like I’ve you know previously stated there’s asset managers with over 8 trillion dollars that are public about it and there’s a lot of private ones abroad that have trillions and trillions of dollars under management that if they want to move a little baby market they want to move a little baby like bitcoin that by the way is unregulated it’s traded 24 hours a day and they can completely manipulate it because of how much assets they have relative to how big the market cap is well that is a big big issue right.
For people that are emotional and have a short-term mindset if you have a long-term mindset you don’t use too much leverage use proper portfolio allocation you’re going to be fine and you’re going to if you do the few things I’m going to mention here in a second you will be fine another problem with actually crypto here is too and I’ll mention this is actually kind of a big issue which we don’t see in other markets and the reason why everything is so correlated to bitcoin which I do think it may be changing is because you can there’s so many pairs within crypto.
So if you go to a an exchange like on Binance or whatever exchange you want to use a lot of times they will denominate in USD actually Binance used to not do this it used to be like an only like an exchange that would not it wouldn’t even show you your your assets in USD terms it only showed it in bitcoin terms if you guys remember that from 17 and before but with with bitcoin there’s a lot of pairs that are denominated in bitcoin so you can trade Ethereum against bitcoin you can trade finance coin against bitcoin you can change you know ADA against bitcoin and the problem is is when they’re denominating in bitcoin it pulls all the other markets down because there’s so many pairs that are then tied to bitcoin.
We don’t see that in other financial markets right we don’t see amazon being denominated by tesla you see what I’m saying so like that’s why when we see like we don’t when tesla goes down we don’t directly see that happen with amazon right or if they’re completely different stocks that’s even kind of a bad because they’re you’re somewhat in the same the same niche you would say but you get the point right.
There’s no you the stocks are not trading like pairs other assets are not trading like the pairs that we have I’m not saying I’m saying it’s a bad thing for people that don’t don’t understand the market and it’s also harder for these other cryptocurrencies to get away from bitcoin there’s one there’s a few actually before they actually if they’re just put on dexes.
They don’t have the same like effect as that when they start to go on exchanges where there’s a lot of leverage and they’re denominated with those pairs it can become a big problem so that’s another thing I see as things start to mature I could see like the market starting to be a little bit different and not being pulled down so heavily by bitcoin like let’s say bitcoin just turns into stardust and it becomes nothing right.
I do see other cryptocurrencies like starting to separate from it and having less of a correlated volatility with it so we’ll see if that happens that is one thing that is unique to crypto that is a pro in a con it just kind of depends how you look at it but it’s been very interesting to see how that is played out so a few things that you can do here let me make sure that I don’t punch myself in the head here.
Yep just kidding peekaboo a few things you guys can do so number one you can turn down the light so it doesn’t look like my face is distorted number two you can earn interest right so if you’re holding assets actually before this one I’ll even talk about another one which is by utility so like I during a bear market what goes down the most are things with no utility and no value right.
That’s why you see meme coins absolutely get slaughtered right because they don’t really have a utility besides people pumping them so what’s really wise is to start looking at your portfolio and saying okay well what is actually being put to use or is really soon to be putting to use that has real utility right the reason why crypto has value which a lot of people don’t understand is a lot of these cryptocurrencies if they’re actually coins they have their own blockchain and within their own blockchain.
They’re looking to do things one of the best comparisons to make is comparing Ethereum to amazon okay amazon has something called amazon web services aws well what does amazon web services do well they they run web services for other companies so other companies like the like lease you know use data and run their all their their data servers on aws right similar to Ethereum right.
Other projects are building their projects so their tokens on top of the Ethereum blockchain and the main net right so it’s a very similar comparison right that’s just one example right and that’s how why Ethereum has value because when other projects build on top of Ethereum they build this ecosystem and these other projects have specific things that they do right like v chain.
V chain is looking to track you know data for logistics companies that’s what blockchain does it’s an open ledger it’s essentially an open accounting book right just like this that just records data right and it’s not your mom it’s not uncle bill and it is not Donald Trump recording the data it is a it’s in in the code right so it’s completely unhackable it’s unbiased and it records it in real time that’s why blockchain is so valuable is because of the use of data and cryptocurrency powers the blockchain.
So when there’s transactions that go through the blockchain okay there’s currencies that power those and they they that’s how they pay for fees so the coin or the token is its own native currency to that blockchain right so that blockchain uses that native token or coin and that’s what makes the coin or the token valuable so look for projects that have real utility if you don’t know number one you could join our inner circle group right.
We have about I think 500 and some members in the group and we’re actually doing a live tomorrow to discuss portfolio allocation but I go over everything that I am allocated or number two you can do your own research or number three you can start to just stick to like the top 10 by the market cap right.
There most of these have a lot of utility relative to other crypto projects and they do because they have a larger market cap they wouldn’t have this much capital in them if they didn’t have some utility right so that’s another way that you can look at it so number one is look at your portfolio what are my total like what am I holding and how can I start to reallocate things that have actual real utility okay.
Number two you can start to you know maybe you look around you say wow I have some crap utility in my pro my portfolio let me start to reallocate this and put this into stable coins so you can start to get out of some crap coins and into some coins with utility or you can go straight into stable coins then you can store your stable coins and utility coins on platforms that actually earn interest but realize that a hedge against the bear market.
So a hedge against you know this happening right if we see a another larger drop and we head lower a hedge against that is buying utility because they’re going to be less volatile to the downside because they have value in them a lot of people are staking them a lot of people believe in them or you can liquidate some of your crap coins and start to hold stable coins holding cash is a way to hedge against a bear market so you can increase your cash position in your portfolio to help hedge against the downside okay.
I’m gonna give you two more things and then we will likely hop off here number two or number three is earn interest so you know one of the best platforms now is voyager so if you go to I think it’s invest voyager.com or something like that anyways they have an app you can earn I think it’s 5.25 on your bitcoin if you hold more than 20,000 VGX which is their native coin you can get a one percent boost.
So it’s six point two five percent on your bitcoin and they have just and that and that’s just one okay they also have like their stable coins you’re an eight percent interest right and then Cardano it’s like three percent and Ethereum’s like 5.25 I believe either way they have the best rates out of any other lender right now and they will until the end of the year so they just announced I believe today that they’re going to keep the rates how they are until the end of the year so you have an opportunity to earn some interest and that is another great way to hedge because what happens is you start to earn interest right and it’s getting paid in kind which means you’re getting paid and the same coins that you’re holding right.
So if you go hold you know bitcoin on the platform you’re being paid in bitcoin so now the bitcoin is being paid in bitcoin now you’re starting to generate compound interest and it grows and grows over time and that’s a form that’s a way to to hedge against the downside because you’re accumulating income that is then compounding and growing right so anything that’s that’s hedging against the downside you need to be either staying stagnant or growing and that is another way to do that let’s kind of see.
Let’s see if they have like updated so what we’re not in June but yeah okay so they I think they brought their USDC down to nine percent bitcoins at six point two five percent actually and then you would have a one percent boost on that Ethereum’s at five point two five Fiji actually at seven.
Wow I didn’t know they were doing seven Cardano’s at five point two five they may have lowered these slightly to be honest because these seem a little bit high but then here here’s what I’m talking about so if you if you hold 2500 no way at least 2500 VGX I thought it was 20 it was 20,000.
So they’ve brought that way down then so that’s very doable because I think VGX is like a very inexpensive some other good ones you know I hold some on like on nexo and then you know Celsius I have a little bit on Celsius too block fly is completely done so they made some mistakes and they had to cut their rates Celsius they’re dropping to nexo has dropped slightly but right now the the winner overall is voyager and then the second in place is nexo oh and then here’s another here is another solid one you Hodler which I have not used this before but you can earn 12.3 percent on your tether right now at 12 on USDC.
12 on true USD which those are all stable coins which means that they don’t really have any volatility because they’re tied one to one one us dollar to one coin so it’s just a way to have more liquidity in crypto so that’s another decent place to go is you hodler but again I have not looked into them.
I’ve literally just looked at their rates which they are pretty good but that’s a great way to earn some interest and then the last thing I will talk about here like let’s just go into my boy ADA here I don’t really like to go I like to use bigger exchanges because here’s the thing guys if you have really large exchanges or really small exchanges with not a lot of volatility you can the chart the price charge could be way different oh yeah Cardano just got listed on Coinbase I don’t even want to look at it there okay.
So one thing you can do is something called I’m just kidding that is not what it’s called but if you guys can spell that in the chat I will give you 18 zillion dogecoin so what it is is you set up limit orders as the market’s dropping okay so what a limit order is you say you tell the market that hey I only want to buy ADA at a dollar and seven cents so if you only want to buy at a dollar and seven cents.
It’ll only fill at a dollar and seven cents so you you just go to an exchange set limit buy and you would buy at you set a limit buy it at 107. you set another limit buy it 84 cents you say limit buy at 61 cents right and then as the market drops it starts to buy more and more and more of the asset so now you’re lowering your perch your average purchase price as the market is dropping and right.
If you’re investing into things with real utility that you think are going to go up over time well you just won because if the market goes down you won right you lowered your average purchase price then when the market starts to trend back upwards you won because guess what the market’s going up and you just made more money right so that is another thing that you can do I consistently do that and I am absolutely doing that.
Right now I have like 25 open limit orders right now and I have shared all those with our group so if you want to know exactly what I’m buying and at white what price points and what percentage of the cash that I have allocated towards buying you can learn that in our group there’s a link down below this video to join us cool that is one of the other things that I wanted to mention but honestly here’s the thing is none of this all this does even matter all this all that stuff.
I just talked about if you don’t actually have the proper mindset if you don’t have that perspective that I talked about earlier in this video none of this matters because you’re not even going to do this you’re going to freak out if the market keeps dropping and you’re going to be outsee and you’re going to lose money and then you’re going to get hurt then you’re going to buy the tops and sell sell the lows and you’re just going to continue losing so make sure to you gotta adopt that mindset.
I talked about earlier having that perspective and and full sending okay so I still actually I’ll answer like two questions and then I do have to go because I have not done a few things I’ve just been recording content and on meetings all day so I have a few people I need to attend to by the way we have some really really good videos coming out this week.
If you guys are not subscribed click the subscribe button it is completely free right you might as well subscribe I’m going to be pushing out some really really valuable information if you care about business entrepreneurship or crypto you need to be subscribed to the channel.
We have the next two videos are really solid one is specifically about one cryptocurrency that goes up when the market go down goes down and the other one is sharing with you exactly how I got to the place that I’m at in three short years which is an incredible pivot from you know negative 82,000 net worth to multi-millionaire that is happy right so I can you’ll see you’ll hear my story in that video make sure to make sure to watch that video looks like we’ve got some scammers in here BTC to voyager.
How many voyager tokens yeah so it looks like yeah so that’s the thing about so David I don’t I don’t know that Celsius is is Celsius really still six point five percent that if it is that’s great that may be a obviously if you’re not holding VGX that’s a little bit higher than voyager but the problem I mean at least for me the problem is is like voyager does not have any limit to the amount of bitcoin or crypto.
You’re holding there so you can like you can hold if you had hundreds of bitcoin you could be earning hundreds of or you could be earning a ton of interest over seven percent on your bitcoin on all 100 bitcoin you know like on block fly and Celsius and all that stuff they cap you voyager they don’t which by the way actually I won’t even mention that because that’s kind of a an inside thing at that company so you’re looking for Fibonacci.
Yeah Fibonacci yeah the fibs are great too that and then I just look at pre I like to look at previous support and previous resistance as well when I’m setting these but yeah Fibonacci retracements are definitely solid as far as setting limit orders and also I think it’s pretty weird that the market dropped on the Coinbase IPO.
It’s just like everything everything in 2021 has not made sense if you were to invest into AMC like you would have made a craft on the money which is the complete opposite if the the market cap to do is that you would have to they would have to have 100 capacity for the entire year every single day and every single customer would have to spend at least a hundred dollars on snacks in order to justify that valuation which obviously would never happen.
So pretty much everything in 2020 and 2021 did just pretty much did not make sense financially and I’m not surprised that crypto is starting to play out that way either June 28th is when the market is going to take off where it’s our it’s already it’s already July though oh July 28th okay.
Cool well Michael you should start an investment fund and raise trillions of dollars if you know exactly what’s going to happen on what date that would be awesome though hex is the best spreaching asset 2020 and 2021 I mean I think it is I just shot a video about it and we actually bought it the other day before it took off I think I bought around nine cents I believe I don’t like Tron to be honest I will never buy Tron again because I don’t like the person behind it I like to invest in the into people I really believe in right.
I found that to be more and more and more and more true to be honest every time I’ve made an investment not every time but a lot of the times when I’ve made an investment too quick and haven’t looked at who is actually behind the project and who actually designed it I’ve found that a lot of the times it’s been things that did no due diligence into or they weren’t we didn’t even know who like the owners were you know like when I like to look at projects like I like to look at the people.
I like to look at the utility and I like to look at the coin metrics to make a decision and with that being said I am going to go cuddle my teddy bear and speak to a few people all right thanks so much for hopping on guys wait for those two videos this week if you’re not subscribed make sure to hit subscribe alright I’m gonna pump out a lot of content the rest of 2021 and a lot of it’s really really time sensitive so be they.