Buy Bitcoin, Take Your Money Out of Banks,Things C

Today in crypto public interest in Bitcoin is spiking at a time of massive price uncertainty CNN warns people not to take their money out of the bank Italy gets a ray of light in an otherwise dark time And if you are stuck at home in isolation Then I have got some good news for you about some things that you can do to help pass the time

The crypto alert. This is where you subscribe for all of the hottest and all of the latest happening out there in the wild wild world of crypto land by the way if you are new to crypto then you need to check out my beginner course called crypto currency Explained now this is a course that will walk you through all of the basics of crypto like how

to buy Bitcoin how to send Bitcoin how to store Bitcoin all of that stuff and much much more There's a link down below in the description where you can learn more about that course So the price of Bitcoin is back under $6,000 well at least at the time recording this video has been all over the place the last couple of days but this $6,000 zone I

think it has been quite important one over the last week looking here at the daily we are still in an uptrend from the bottom last week at the moment we are seeing a retest of that key trend line now a retest and a bounce that would be nice to see but we are also about two days away from a death cross on the daily for Bitcoin

which is obviously not a good sign to see there does remain a strong chance that prices will go much much lower as the economic crisis continues to unfold and wow the last week it's just been crazy when we look at the prices of all these different assets fluctuating obviously Bitcoin has not been immune to that the price of Bitcoin has fluctuated from lows of $44,000 up

to $7,000 and come quite a bit back down extreme volatility has been the trend over the last week however in spite of all of that craziness especially if you look at that weekly candle from last week Bitcoin looks to be closing above the 200 week moving average in a nice fashion which is definitely great to see but we are still in a very precarious market here

a further fall in price would really not be surprised and since that's the price of Bitcoin is a very high price that weekly candle look at the wicks on that thing that is far from a convincing solid candle I would really like to see a nice strong green candle painted above and closed fully above the 200 week moving average get just a little bit more confidence

back into the markets but we will have to wait and see how next week closes out this week's candle it does has a nice start but since the equities are likely to get slaughtered again this week Bitcoin may not remain immune to these wider market trends so tread carefully out there for the traders now interestingly in spite of the prevailing economic turmoil there's actually a strong

interest in Bitcoin around the world Bitcoin inquiries for example are up 183% on bydo over the past 30 days showing that Chinese investors at least are taking a huge and renewed interest in Bitcoin and Bitcoin searches are taking a huge interest in Bitcoin and the prices are also up big time on Google jumping from 29 all the way up to 57 as a search term on

Google trends the last time the search trends were this high for Bitcoin was all the way back in June of last year of course when the price was absolutely exploding now usually we see public interest in Bitcoin spike when the price goes up which makes this moment quite exceptional because we are seeing so much more search volumes for Bitcoin exploding while the price of Bitcoin is

down we are in a major global macro economic event suggesting that people are actually looking to buy Bitcoin when it is cheap which is definitely awesome to see now also data from major exchanges like Coinbase is showing that currently more than 70% of the activity on the exchange is actually people buying Bitcoin or other cryptocurrencies so it seemed to indicate that yes this is indeed what

is happening people see Bitcoin is being used to buy Bitcoin and that's not the case. They are looking to buy it and they are looking to buy it. Let's move on to the big story of the day. Over in the United States the fallout effects from the virus are really starting to grind down on the economy. Goldman Sachs estimates that 2.25 million Americans filed for unemployment

benefits just last week. That is the biggest number on record. It's absolutely unprecedented and it's just insane. And that's the biggest number on record. And that's just the tip of the iceberg what we could be seeing. Tens of millions more jobs are at risk in the coming weeks. Entire sectors of the economy are about to be shut down. And of course this is not just the

US that we are talking about but all across the world. There is nowhere that will not be impacted one way or another from what is going on. And look just a quick word here on buying Bitcoin right now. Your first priority has to be to take care of yourself and take care of your family. So please make sure that you have enough cash on hand to

the traders out there are really unconcerned about this kind of event as well. If you are a trader or you are making money if it is going up or you are making money if it is going up. And if you are going down it is all good. And yes of course much like the stock markets we will also see whales and institutions stacking crypto when the

fear is high in the market. But please please please if you are on a fixed income and particularly if you are someone who is at high risk of losing your job in the coming weeks. If the market can remain irrational for longer than you can remain solvent. Bitcoin is a fantastic long term investment. But short term many people are going to have very different priorities aside

from making long term investments into cryptocurrency. So if that is you then please be careful with your finances in the coming months. Crypto is always going to be here. There is always going to be opportunity here. And keep that in mind. Just remember that as we watch the global economy tank that things could get way worse before they start getting better. Anyway. Sadly our society seems

to be geared towards the reality of socialism for the rich and rugged individualism for the poor and the middle classes. So while the average family out there you are encouraged to save money for a rainy day. Companies they never seem to face these kind of problems. Now in the good years companies they pocket the profits and of course through a web of different loopholes they pay

basically bugger all in taxes. And when they do hit a bad year or a massive crisis like this or the 2000 equal financial crisis happens then they put their hands out to the government asking for free money. You know at this stage it's just so unsurprising. Anyway it seems that the US people are going to get a check in the mail from the government up to

$3,000.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0000.00.00.00.00.00. You know, questions ask, they brag politicians. Of course, they get the money. These are the same companies that have spent the last 10 years doing stock buybacks to inflate their stock prices. These are some of the most profitable companies on the planet. And yet none of them have rainy day funds. And you know what? Why would they? They know that when things get tough, that

the government will bail them out. They win no matter what. It doesn't matter how fiscally irresponsible these companies are. They always win. And right now in the USA, the US Congress is even looking at buying corporate debt. So along with the bailouts of the major corporations, they're also looking at actually gobbling up corporate debt. Now who's going to have to pay that off in the future,

I wonder. Now the US Fed has also stepped up their repo operations, basically confirming that there will now be one trillion dollars in daily repo available. I do note that this is not a trillion new dollars every day, but as a daily allocation of $1 trillion. So that money is borrowed in the evening, repaid on a daily basis. So it's just $1 trillion in liquidity overall,

not, you know, $7 trillion a week or whatever. Now that, of course, is double what they proposed last week when it was announced that $500 billion we put up for the repo markets. Now it is $1 trillion. Maybe it'll be $2 trillion. In total, the coronavirus economic relief bill will provide up to $4 trillion in liquidity for US markets at the time of recording this video.

Again, we can see a lot more liquidity coming out. Similar responses have been seen all around the world with central banks offering up billions of dollars in stimulus and billions of dollars in loans to the economic sector. Now is this capitalism? Because it sure doesn't look like it to me. Some would say that these criminally irresponsible companies that they should fail in this situation, right? It

seems more like we actually have a corrupt crony shit show where corporations buy politicians and run the governments and everyone else kind of gets screwed. By the way, I'm sure you're going to love this next story that I have for you. CNN has informed their viewers. Do not take a bunch of cash out of the bank because of the coronavirus. Now that to me says that

you probably need to take your money out of the bank. Try to do the opposite of what CNN is saying when it comes to things like this. Now they went on to say that you'll bank deposits are insured. You shouldn't be worrying. You have the FDIC. So you have to keep everything safe from your trustless system and all that stuff. Look, as a reminder, the FDIC

in America, it only covers around 1% of deposits in the USA. Shocking, I know, right? They don't tell you that part. Do they? 1% of deposits. But more than the BS about the FDIC is that you know why they don't want you to take your money out of the bank because they don't frickin have it. They only have a tiny fraction of total depositor cash. So

you personally, yeah, you, one of you people watching this video, you can take your money. But everyone else watching this video, sorry about your bad luck. In fact, only a tiny fraction of people can actually go and get their money out of the banks. Thank you, Fraction Reserve Banking. And I understand why people want to get their money out of the banks. The banks are not

to be trusted all over the world. We see this happen. The banks screw people over big time. These are the same banks that stole more than 5 million people's homes in the last financial crisis. And these are the same banks that have been committing the worst kinds of fraud and treachery against their own clients time and time. Again, they have proven without a doubt that they

cannot be trusted. Why the heck would we trust them in the middle of a crisis situation? The next thing you're going to be told is that you cannot have your money because cash is a Corona spreader, which it is. They just haven't started using that line yet. But they probably will. Now all this makes you understand why Bitcoin is just so gush darn powerful. Just remember,

your bank, your money, not your bank, not your money. Bitcoin will never ask you why you want to access your money or tell you that you can't spend your Bitcoin because it spreads viruses running this kind of stuff. Bitcoin, digital gold, it's amazing stuff. Now one bank though that seems to be up to speed with the times is Italy's Banco Sella, which in response to the

outbreak is launching a Bitcoin trading service. Smart bank. Smart. So about 1.2 million Italians. They already use Banco Sella's hype service to do transactions. And now in addition to being able to just buy and sell Bitcoin using this hype platform from Banco Sella, Italians will also be able to pay for goods and services using their crypto. This is so nice to see that with the country

in lockdown and Italians really unable to leave their houses. That this bank is actually capitalizing on this opportunity and offering Bitcoin to their clients. So it's nice. Don't think I want the bank to keep my Bitcoin mind you, but it's good you can buy and sell it from them anyway. Now finally, if you are one of the many people who are now either in mandatory or

in voluntary self isolation, you're trying to figure out what the heck am I going to do with all of my time. Then I've got some good news for you because many of this season's major crypto conferences. They've moved online. So for example, you have a Istanbul blockchain week. This has now been canceled and it has been imagined as the virtual conference called block down. So speakers

include famous crypto personalities, no people like Roger Vare. And of course, even less known crypto people for being famous for crypto, people like the famous rapper and now crypto entrepreneur, Acon will also be joining the conference to discuss his A coin crypto project. So you can get they hear some really interesting people in the industry. Obviously, this conference is not the only one. You can definitely

check out block down, but there's lots of other great conferences coming up to that have gone virtual. So do a bit of research. See who is going to be hosting these virtual conferences. Who's going to be speaking a lot of the major conferences on the conference circuit. They have now gone online. So check it out. Most of them are free as well. And of course, you

can get a great opportunity to actually sit down and listen to some of the top minds in crypto, talking about great ideas about Bitcoin and cryptocurrency overall. And of course, there is even going to be some networking events with online. Chatroom setup and different speed networking events as well. So you can connect with other enthusiasts and other investors too. So pretty cool stuff is to check

out if you're going to be isolated for a while. And my final thoughts for today's video in spite of the world crumbling around us. There does remain massive opportunity out there for the savvy investor. And yes, I know I know that there is a global tragedy unfolding as incredibly tragic. But the harsh reality is that this is the kind of fear and markets that will make

millionaires in the years to come. You may not want to hear that, but it's true. And the fact that Bitcoin is still fluctuating around this $6,000 zone actually is quite amazing if you considering how fear has absolutely savaged so many other markets. Anyway, question for you for today. Do you think that corporations should be allowed to fail? Should the response to these big players be a

capitalist response and let them fail? Let them go out of business or should it be a socialist response and bail them out? And what about regular people? Should regular people also be allowed to fail? Or should they be bailed out too? I'm curious to know your thoughts on that topic down below in the comment section. Thank you so much for watching today's video. Make sure you're

staying safe out there. Hope you're having a good time anyway. In spite of all the craziness going on, watching some YouTube videos hitting the like button for the YouTube algorithm. Of course, it's the thing that we all have to do from time to time on YouTube. And of course, make sure to subscribe to the channel, guys, if you are new around here. Be sure and lots

of new updates as we go through this crazy crisis together on the crypto markets on the wider markets. So make sure to tune in. I'll try to get out five or six videos a week for you anyway. Long live the blockchain. And be out the next time. Bye.