Should You Buy BITCOIN Now [Or Not]

Today in crypto fear continues to be the major driving force in global markets and the Federal Reserve has just announced a massive rate cut and a quantitative easing package. It's getting crazy out there guys. Meanwhile, the crypto markets, they've been kind of quiet. Almost too quiet. Now in this video, I want to try to answer the question, should you or should you not buy Bitcoin right

now? The crypto lurk, this is where you subscribe for all of the hottest and the latest happening out there in the wild, wild, vans of crypto broadcasting at least five times a week. Come hell or high water or crazy market conditions, whatever we're doing. Now before I answer that question for you, if you are new around here, you're still trying to figure out all of the

basics of crypto, like how to actually buy Bitcoin, then check out my course. Now this course is going to walk you through all of the basics of Bitcoin, like what Bitcoin is, how to buy it, how to store it, how to send it. There's a link down below in the description where you can learn more about the course. So let's start off today's discussion with the

reasons why you might not want to buy Bitcoin right now. The first reason there is a massive amount of de-risking and there is a desperate need for liquidity from investors. Investors right now, they are piling into cash. This de-risking event, it is not over. More people will sell their Bitcoin for liquidity. Yes, a lot of sellers, they're already out, but not all of them. And those

people who are looking to exit now, they will face an increased lack of liquidity, especially when we start talking about the stock markets, when the people trying to cash out over there, and of course that just forces the prices lower. On the other hand, we should be happy. In 11 short years, Bitcoin has gone from just dark web cipher punk fantasy to being just a little

bit of spicy addition to a serious investor's portfolio. Bitcoin has made it, but as a side effect of making it, these same investors, they are going to be the first ones to drop Bitcoin when wider market conditions head south. This is a large part of what we have been seeing with the huge crash in the price of crypto over the last few days. Watch for a

total capitulation from all these hedge funds and fidelity customers, as well as the Wall Street guys, the millionaires, and yeah, a lot of retail traders will also capitulate as well. Sure, many have exited, but not all of them. I don't think we have hit peak capitulation yet with all of these different parties. Is that this crisis that is unfolding in the future? It may get way,

way worse before it starts getting better. I do not think that we are at peak fear yet, and I think that there's a lot of economic pain to come. The world is right now shutting down its economy, country by country, day by day, complete global shutdown. A massive global depression is very possible. GDP, he has to get crushed companies. They're going to go bankrupt and there

today and it could be 50% less tomorrow. The third reason to not buy Bitcoin is to stay in cash, to stay nimble and take advantage of opportunities. Take this series, you know, you have to make sure you've got to be able to actually weather out the storm too. It's not just about being able to buy the dip, right? But actually being able to, you know, buy

actual dip to eat and survive. Sure, adoption is growing daily, but you have to just keep mine cash is king. And you have to remember that the market can remain irrational for longer than you can remain solvent. So please make sure that you have enough cash on hand to go to ride out the next few months. This could last three to six months. Might be over

in a few weeks, but make sure you have a good pile of cash on hand and then you're going to be, you're going to be all good. So if you're in a situation and you think, you know, I've got a decent bit of extra cash here, then you can consider using that to buy Bitcoin with. Also, if you're mostly in cash right now and you plan

to stay in cash for a little while, then you actually need to consider putting that money to work for you. You can use something like BlockFi. BlockFi has just enabled us dy transfers. So you can now send us de wires to BlockFi that's credited to your account in Gemini dollars. Then you get a sit back and earn 8.6% interest on your money. Your dollar deposits, no

bank is going to give that to you. But even better than getting more dollars, you can actually set your payout preferences to get paid out in Bitcoin. So you park your money there and your stacking sets month after month. So you just stay in cash and get paid in Bitcoin. And if you need your cash, it doesn't take very long to get it back from BlockFi

and back into your bank account. So it's really easy to move in and out of that. There's a link down below where you can learn more about BlockFi and their services. Okay. Now let's move on to the reasons why you might want to consider buying Bitcoin. Now if we look at a technical level, Bitcoin is sitting well below both the 200 day moving average and the

200 week moving average. This could indicate a very rare bit of very bearish market sentiment that will not likely last for a very long time. The people buying at these levels will probably look like legends in a few years. Now another group who will look like legends in the future are the dollar. Those are the hardened Bitcoin warriors. They just buy 50 bucks worth of Bitcoin

every payday or whatever the number happens to be. Rainer shine up or down. The only difference for those long term Bitcoiners is that now they get more Bitcoin in exchange for their dirty, dirty, dirty fee. Which is definitely nice. These are the guys and gals whose mantra is just to stack sets. And just like that. They know that in five years, none of this is really

going to matter. And we'll be at new highs. It's just a question of having a low time preference. Now the next reason to consider buying Bitcoin is the, I guess overall economic situation is getting crazy. Over in the United States, the Federal Reserve has just announced that they are cutting rates to zero zero. And that they are launching a massive $700 billion quantitative easing program. That's

on top of all. The other stuff, the liquidity for the markets and just the crazy amounts of money they're throwing around right now. This is the second emergency rate cut in two weeks by the way, which is completely unprecedented. Rates have dropped from 1.5% down to 0% in two weeks. This is some serious stuff. And I doubt that it will be the end. I think that

negative rates will be coming to the USA very soon. The European Central Bank, they're promising more money. Unlimited liquidity, the Reserve Bank of Australia, they're cutting rates, they're handing out money to the repo markets. It's crazy. We are looking at unlimited repo cash, unlimited liquidity, unlimited money printing and negative rates. All central banks around the world, they are going to be following in the coming days.

What we are looking at is a massive devaluation of fiat currencies. Negative rates will be implemented. Everywhere bank bailouts, bank bail ins, all that stuff looks more likely than ever. Because all of these rate cuts and all that free money, it is not stopping the bleeding in the markets. The crazy thing is that the crisis, it has just begun. And already we've seen the central banks

basically using all the other tools pulling out all the stops. They have no other options. Other weapons to fight this crisis, except to just continue doing what they're doing by printing even more money, cutting rates even further. And they will need to put a lot more in. For the simple reason that this bubble that just burst, it is way bigger than the sums of money that

they are currently trying to throw at it. Also breaking news is that eight of the largest US banks have just announced that they are not going to buy back shares through the second quarter of 2020. Now, this is pretty important because I want you to understand that banks could actually fail. This has happened all over the world. It could happen in your country too. And that

the FDIC, that only covers around 1% of US deposits. And with the world and countless countries really being on the verge of economic collapse. Having control of your money, it seems more important than ever. I mean, capital controls, that's not out of the question either. This insanity happened with the banks right now. This is a strong reason that keeps me holding my Bitcoin through all these

ups and downs we see in the market. I know this is an extraordinary up and down event, but it keeps my faith in Bitcoin. Another reason to consider buying Bitcoin right now is that, of course, that the third Bitcoin having is less than two months away. Bitcoin remains a scarce asset. Bitcoin is permissionless, decentralized, programmatic digital money with a firm monetary policy. There will only ever

be 21. Million Bitcoin. Bitcoin is here to stay. Even if the fiat value gets hit more in the coming weeks, Bitcoin's not going anywhere. No one's going to just stop doing Bitcoin. Short term pain. That will go away. And Bitcoin will rise from this stronger than ever. In fact, the extraordinary market fear is giving many new investors actually the chance to come into buy Bitcoin at

pretty good prices. For many, this could be a once in a lifetime. It's a time opportunity. And look, long term, those are who survived this event. They're going to make a fortune. It always happens in a crisis. So many people panic sell on a few savvy investors. They come and scooping up all the deals. And they make a killing. One thing is for sure, those that

this is the time that we'll define those who actually believe in Bitcoin in the bigger picture. What's trying to be done here. And those who are just here for a quick buck. Stay frosty, everyone. The next thing that we're going to do is we're going to have a big, big, big, big, big, big, big, big, big, big, big, big, big, big, big, big, big, big, big,

big, big, big, big, big, big, big, big, big, big, big, big, big, big, big, big, big, big, big, big, big, big, big, big, big, big, big, big, big. I'm not stacking anymore sats than I would do in any given week. I know, I know, it's me, I'm probably saying, but lark, but lark, by the dip. Why else do you have all that cash sitting there? Well

out in the real world, I have a food business that I want to be very cautious with to make sure that I've got enough cash on hand to ensure that it will do well in any given prolonged recession event. Now does that mean that I miss out on a little bit of gains in the crypto market? Yes, this is true. But I'm not personally worried about

that. Over the last few years, I have positioned myself very well into crypto and I have a stack of Bitcoin that has just been sitting there building for a while now. I don't feel like there's this panic. I'm going to miss out. No, I'm doing okay. I'm doing okay. Perhaps more importantly, though, I want to say that I'm not selling my crypto at this point. I'm

holding it. Mostly trading some crypto at the moment. There have actually been a few sweet opportunities in the market over the last week, but it is definitely a high risk environment. So that's worth keeping in mind. So mostly, I'm really just chilling right now. Yeah, stacking a few sats, buying a little bit of eat. This is my usual weekly thing. And then chilling and then chilling.

I am not aggressively buying this dip, not because I don't want to. That dip looks tasty, but because I'm not willing to tap into my extra cash reserves that I need for ensuring the long term health of my business. And of course, having a decent cash position will also mean that I don't need to sell any of my crypto if things get any worse. But of

course, you're going to have a different story. And I'd love to know that story. Are you heavy buying your money into this dip? Are you sitting in cash and chilling hoping for lower lows? Are you just dollar-cost averaging in? And really just not worrying too much about all these ups and downs. I said, maybe it's been excited to get a few more Satoshi's in your dollar-cost

averages this week. Or are you out of cash? You're just sitting there like, ah, I've only had to buy this dip. Let me know what you're doing down below in the comment section. I, of course, would love to hear what you are up to in the markets currently. And to finish up today's broadcast, I have a little quote from the word Smith Frank Herbert from his

masterpiece, Dune. I must not fear. Fear is the mind killer. Fear is the little death that brings total obliteration. I will face my fear. I will permit it to pass over me and through me. And when it has gone past, I will turn the inner eye to see its path. Where the fear has gone, there will be nothing. Only I will remain. Long live the blockchain

and peace out till next time. Thank you.