Let's discuss what happened today with Bitcoin and Crypto after the FOMC meeting and what Fed Chair Powell said.
💹Buy Bitcoin and Crypto with FTX app (Get $25 Free w/ $250 Trade) – [Refferal Code: IAmGeorge]
💹Buy Bitcoin and Crypto with FTX US – (Get 10% Trading Fees) –
💰Earn 12.6% APY w/ Deposits and Trade Crypto w/ Vauld:
💸Buy Bitcoin & Crypto with IRA/401k Tax-Free ($100 Bonus)
💳Blockfi Bitcoin Reward (1.5% Back in BTC) Credit Card:
👛Try Blockfi's Wallet and Earn $250 Bonus
🔥 File Crypto Taxes the Easy Way with CoinTracking:
🚧Buy Crypto Domain Names with Unstoppable Domains:
🚨Protect Yourself with NordVPN (73% off)
🖼️Grab Your Own NFT Profiles with NFT .com:
🔥Best Crypto Exchanges Guide for 2022:
🚨I Am George NFTs:
🔒 Safeguard Your Bitcoin with Ledger Hardware Wallet:
👕Off the Blockchain Merchandise (Offical George Gear) –
👨🏫Bitcoin 101 Class
➡️Join Patreon for Exclusive Content and Discord
Follow CRU on Twitter, Facebook, and Instagram
🔖CryptosRus Clips Channel:
🔖Check out the latest News, Articles, and Guides:
🔖TikTok
🔖Twitter
🔖Twitter News Desk
🔖Facebook
🔖Instagram
0:00 Intro
1:02 75 Basis Point Hike
2:27 Rally
4:24 1994
5:48 Bitcoin Oversold
6:40 Stacking Sats
Official Partners Who Sponsor This Channel:
FTX US, BlockFi, ITrustCapital, Vauld, NordVPN, CoinTracking, Unstoppable Domains, NFT .com
🔴Full Disclaimer: This video and its contents are for informational purposes only and do not constitute an offer to sell or trade, a solicitation to buy, or recommendation for any security, cryptocurrency, or related product, nor does it constitute an offer to provide investment advice or other related services by CryptosRUs. CryptosRus may have a financial investment with the cryptocurrencies discussed in this video. In preparing this video, no individual financial or investment needs of the viewer have been taken into account nor is any financial or investment advice being offered. Any views expressed in this video were prepared based upon the information available at the time such views were written. Changed or additional information could cause such views to change.
#bitcoin #crypto #fed
💹Buy Bitcoin & Crypto w/ FTX app ($25 Free w/ $250 Trade) – https://bit.ly/3NuEAI3
💰Earn 12.6% APY w/ Deposits and Trade Crypto w/ Vauld: https://bit.ly/3fVCSzX
🟪Buy Bitcoin & Crypto with IRA/401k Tax-Free ($100 Bonus) https://bit.ly/3vTebLT
💳Blockfi Bitcoin Reward (1.5% Back in BTC) Credit Card: https://bit.ly/3wRgz55
👛Try Blockfi’s Wallet and Earn $250 Bonus https://blockfi.com/cryptosrus
🚧Buy Crypto Domain Names with Unstoppable Domains: https://bit.ly/3inLz8v
✨ File Crypto Taxes the Easy Way with CoinTracking: https://bit.ly/3DnKepc
🚨Protect Yourself with NordVPN (73% off) https://bit.ly/3zgO2b9
🔥CryptosRus’ Best Crypto Exchanges Guide: https://bit.ly/3Gc7dF9/
🔥CryptosRus’ Best Crypto Deals: https://bit.ly/3wUtbeu
🔥CryptosRus’ Crypto Academy: https://bit.ly/3MZj1yZ
🔥CryptosRus’ Merchandise, NFTs and Articles: https://CryptosRus.com
➡Join Patreon for Exclusive Content and Discord https://bit.ly/3z3It1Y
Did a stripper fart in your eye?
@Nick Gardner discut
This feels like disbelief stage…
rather denial stage 😄
This weekend the markets will continue the dump
@A1 Computers Haha only the leverage exchanges and market makers know exactly what’s going to happen, little retail investors like myself can only guess.
Nope rally to 30k
@LeaveMyPony Alone lol, thanks for the belly laugh
@LeaveMyPony Alone
@Crypto Dump You are too modest.
We are only going to bounce around, and most likely dropping, until July 10th when inflation numbers are out. If they are lower than this month’s we will pump but will last until Aug 10th when the next one tells us if we really are deflating or not. If we are not, another 2 months of downhill. I think the markets are expecting to start the deflation thanks to this 75bp. If we are much lower next Jul 10th AND the Fed only increses 50bp or less, then we rally fr. Not this 0.3% “rally”.
Also, truly love you G, your support really helps many people’s mental health, yet you keep saying BTC is holding strong until we fall off a cliff the next week, so I’d maybe reword it as “holding so far”. But that’s just my opinion. Ggs G.
I think we will fully drop below in October and than start rallying
They already said June will be higher then May on cnbc
At this moment and in the coming months the inflation rate and the American interest rate will determine the direction of the volatile market!
0.75% was expected. It was not a shock. The Fed leaked it to the Wall Street Journal yesterday so that it would not shock the market. Anything other than 0.75% would have been a shock.
They told us .25% every 3 months… not .75% at once!
Exactly. Market totally expected this and a quick release rally was predicted by most analysts.
Exactly that’s my exact thoughts
@John-Paul why don’t you think we’re not out of the woods yet?
How is this little bounce unexpected? Markets have been pricing in a higher rate hike since the inflation numbers came out, we just dumped dramatically, makes sense that today we had a bitnof short squeeze. Tomorrow we go back down
@PINOKIO how high do you think this upcoming bounce will be?
Going back down again would be nice for more accumulation.
@HelmHgaming Watch 23.8k level, if BTC break that we will probably have a dead cat bounce to 27-28k, but after that dump again
@TheWolf thanks for the info, people are saying after this bounce its going to bleed down for a few months, do you or anybody else have a good prediction on when the bottom will happen?
I remember 1980s when rates went up to 21%… in a rabbit chase to reduce inflation…it didn’t work… it took decades for rates to drop to less than5%.
@Big&Tall people have loss a lots for the past few days that’s kinda hurts but need to focus on recover the losses
So why did inflation go down if it didn’t work?
@Charles Wood. what ab u?
@Alvin Fuller must be work
@Charles Wood. please how I do that?
Next time you’re in Oregon we have a wonderful place in Newport (coast). Great place to rebalance. Wife and I have been long time listeners. Thanks for being candid in all of your videos
You talkin to me? I’ll let ya stay in my place in Whitefish, Montana as a thanks! 20 min from Big Mountain summit… exquisite for rebalancing ☯️
Haha just having fun… enjoy the show!
@Michael Flo I might take you up on that offer!
Well if the market is projected to go lower, then we could lose all these new gains this weekend. Two steps forward, three steps back!
@CryptoPaperJack it kinda hurts course people have loss a lot for the past few days.. you just need to figure out how to recover your losses and you need help mate
The one who holds the longest makes the most money. Dca. Buy low sell high
@Charles Wood. yea my pal told me the same too ..the stock market currently sucks at the moment but still some don’t even feel a thing my pal too a guess is in vacation now please how can I join mate ??
Yes it sounds amazing Lad
@James Woodgate022 please I want in too
Good job George. Thanks for bringing us along on your trip also.
iv been saying this for months now . and once we hit a lower bear market . depression will follow 100%
U been saying this for months now? Whoaw. U want a cookie and a massage?
@Trung Cyf Ya that sounds like something your very capable of performing . dont forget
Caught a nice little buy at 20.3k. Prices are great if your long and trying to DCA down.
long term is key, wait until it hit ATH or ATH+ then sell. how long will it take ? months, a year or more. let it be
@Ecoder EliteCoder what if it takes 6 years to hit ATH? Meanwhile inflation continues. Your new ath will have the same buying power you have now at 20k. That’d be a neat trick.
@Sean Paul six year is too long cannot wait
Four years to hold max
Everything I’ve been hearing the past week is that this relief rally was expected and the crash Saturday, Sunday and Monday was due to pricing in the 75 point rate hike… It was leaked Friday that it would be 75 points.
It would feel move oversold, if it was down to like 13k, cause there was no support between 28k and 20k. So the drop was easy. Also I’d expect one year between 28k and 20k to reflect the year price spent above 28k. Then a move back up to 60k maybe
I love how George think he knows why every pump and dump is happening
I remember 1980s when rates went up to 21%… in a rabbit chase to reduce inflation…it didn’t work… it took decades for rates to drop to less than5%.
How many people have already lost money on cloud mining and staking… Use only cross staking
how do u know?
FYI the market does not react to old news. That increase of interests was expected. Market always attempts to move in advance to what is expected to happen.
I saw it coming when Luna collapsed. I sold most of my portfolio on Bitfinex that day. Looks like it wasn’t for nothing.
If mortgage rates are going towards 10% and you planned on selling your house you better get to it. I remember in 1990 when rates were that high. Home prices were at an all time low.