"The deleveraging of the overall system will take bitcoin much lower," says Gareth Soloway, president and CFO of InTheMoneyStocks.com. The inner-workings of weakness are being shown across the board for cryptocurrencies, Soloway says to our Daniela Cambone on this edition of Outlook 2022: The Tipping Point. "Bitcoin should see its bottom within 12-14 months," he says, and will go much lower than its current price over that time. Soloway shares evidence as to where rising coins like Cardano and Solana will land in the near-term amid a prediction he is calling, "a crypto winter," which will wipe out most smaller digital coin projects. He touts the technical analysis of precious metals like silver saying, "silver is seeing bullish consolidation pattern," but cites iffiness on the industrial side. "Equity markets will see a 20% drop this year," Soloway concludes, where gold will converge with a falling S&P 500.
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Thank you for another great interview Daniela, can I please ask why the interview was only published today when it was recorded on Jan 18th? Thank you in advance, Joseph.
Great question, especially since so much of the subject matter is time-relevant.
Every news will be spoonfed to us when it should be. It comes now because they want you to sell the bottom 🤗
He’s been talking about the crash months ago
Bitcoin is not an inflation hedge. It trades like a leveraged tech stock.
Imagine if the markets crash this year (which most investing experts expect). It will fall like a rock if so.
Exactly …. people have totally lost focus on what Bitcoin was supposed to be about. Its now just viewed as a Tech commodity stock … one that’s backed by nothing as opposed to one actually backed by a Company.
@Austen Gregor Overlay the Bitcoin graph over the Nasdaq graph. They are the same thing now.
@Eric Snodgrass More like a rock with strapped on jetpack
Truth
The turnaround in the market today shows that the powers that be can flip the market like a switch. What they want, they get, always
Good thing that the PPT went to work today. lol
PPT was in action on Monday after they got out of bed at noon! Maybe they’re “working from home!”🤣😂😅
@Myshadow seems like a pretty sound and reasonable prediction honestly.
Brilliant we can buy more bitcoin
Help .👆 line 📲.
I would have a huge party at my house if that ever happens. Hoping for even lower so I can buy more!!
I bet you won’t have money to get a party at that time. Asset prices don’t go down for no reason…
You and me both!
Help .👆 line 📲.
As long you have money to buy .
Yu buy and happy at 35k , and then go 30k , you buy again , 20k you buy again , and stuck at 20k for a whole year . Yeah congratulations
I’ll sell you some magic beans that will protect your bitcoins😁
Everyone these days is an expert technical analyst. We’ll see.
I know right…
If they keep kicking the can down the road again whats the point in holding gold till yer old and grey unless its for yer kids!? I thought most money experts have constantly criticized this type of policy not to automatically expect more of the same. Well, hes just doesnt see any change but more of the same thats the way it is!? So after all the hype for yrs of a real crash or down side by some, and here we are, others seem complacent!?
@gtibruce soloway is a hyper bear. don’t listen to him
We’ve now seen the “expert” is full of it
Let’s call out his predictions ..6.months from now…ND invite him back on ..hopefully he doesn’t go missing ..as most do..
@That Random Aussie lol…thought the same.
He is bagless. A mook.
Indeed!
exactly.
‘Gold will outperform bitcoin.’ Lol.
Who is this guy Peter Schiffs nephew?
No need to wait that long. He was wrong on Cardano .
I think it’s safe to say that the 33k area is the bottom of the recent dip.
@Brian Tep good way to look at it
No one knows
@Brian Tep Gratitude is not your fort either… Mean and stupid = recipe for failure in life.
I’m predicting a drop to 29k-30k resistance followed by a massive bull run back up!
Hahah, thats hopium lil shillboy. Bottom is 10k in 2023
In 2018 it did spend one year going down. But then it did not chop around for one year at the lows. More like six months then it was jumping up to 14 K pretty quick. For somebody who is a chart analyst kind of dumb to know this
Increased government regulation in ever more countries, as central banks paper money feels threatened will end up being the factor that impacts on price in the future. For now, just hold tight.
If I had to, I’d swing with a level headed well thought out researched analysis including sentiment.rather than a loud arrogant one way perspective…thank you for this
just wanna believe what i have been hearing is true ok
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I made $9,000 weckly
I hope so. But when they start calling crazy prices in either direction it means it’s about to change direction
I hope so too!! I want another shot to buy one!! LOL!!
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ive noticed that a lot.
Exactly…calling for 100k is like calling for 10k…it probably won’t get to either when everyone is screaming it
*The U.S. stimulus may partly be to blame. Now that $1,400 checks are slated to start hitting millions of Americans’ bank accounts, there is growing talk that there will be more flows into financial markets, which could boost Bitcoin.*
what really guarantees financial security is having multiple streams of making passive income, you guy’s know how much is ok for a start let me let me know if i can do this?
@Jame Woods No exact amount but profit range of $1,300 to $10,000 depending on the coin fluctuation in the market
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Am so happy for taking the bold step in working and investing $2000 with Alice Terry,and after one weeks I received $25,000 to my banks account.
what $1,400 stimulus that is dead!!! peak my curiousty
Reading about people grabbing multi-figures monthly as incomes in investments even in this crazy days in the market, any pointers on how to make substantial progress in earning? i would appreciate 😭
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Inform him I referred you 🚀🚀
Bitcoin and Ethereum have only lost 7% and 8% respectively. It is not the end of the world. They will bounce back. The same people shouting it is over said the same thing in 2013 when Bitcoin fell to $2.70. Today, Bitcoin is $38,500. Relax. Don’t panic. Plan!
Today’s Cryptocurrency Crash Is a Once in a Lifetime Opportunity To Be a Dollar Millionaire!
@marry Carlos will do
I can unequivocally say that trading is one of the most profitable and lucrative business for every investors with the right expert.
@Eric Hummer No doubt…there are quite a few sincere expert though
This issue of self trading is really a problem to me and I need a legit broker who can help me in trading,
@Jack Moore Run a search with his name, He will tell everything you need to know about his service from his telegam user.?
@Jack Moore Hazimarshad
Wow..amazing to see others who trade with hazim, i am currently on my 5th trade with him and my portfolio has grown tremendously
Gold out performing bitcoin in 2022… quite the bold claim. Gareth was right on the may 64k-30k dump, but that was quite an easy call. I’m not agreeing with him on this one.
In May/June 2021 Soloway called Bitcoin to $20k (Kitco News). It bottomed at $29k and headed up to $69k. Anyone waiting for $20k missed out on a 140% return in 6 months…
The $20,000 target is as ridiculous as the $150,000 target.
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When you see Gareth screaming its gonna go down is the perfect time to buy in
Best indicator ever 😂
I can unequivocally say that trading is one of the most profitable and lucrative business for every investors with the right expert.
So when this came out I think the price was mid 30’s – if you would have sold with Solomon’s FUD you would have missed out in $7 or $8 k for every Bitcoin you sold. I’ll be back in three months with another check.