Looking at the last bear market right, the one in 2018, we could expect this so in this video were gon na go through exactly what i think is happening, why its happening and what im doing in this market right now, if you do like crypto and youre Gon na stay around for this bear market, then i suggest you smash that like button and hit the subscribe button, because im going to be here, bringing you daily updates as to what exactly is going on in this market, and i would really appreciate if you fancy Joining me right here in this market. So if you dont know already, i am doing a daily giveaway over on twitter. So if you fancy it come over and join the links down there in my description, ten dollars in usdt each day, just to some of my followers, if you fancy it, you can follow me over there. Now look at these crypto bubbles, green. We got green bubbles whats going on. I thought the price was down dont, let this uh distract you from what is going on right now, honestly. Yes, these coins are green from where they hit right. They went seriously down if we just look at bitcoin. Of course, it went seriously down and its had a bounce since then so thats whats happening over here with the crypto bubbles. Things are bouncing from their lows right. This isnt necessarily a good thing, but it is expected.

Little rallies in these markets are expected. We havent broken anything upwards, so i wouldnt think that this would last very long, but it may potentially but lets go through whats happening first and then we can decide what were gon na do so. First of all, we have everyone super scared about celsius. They did it uh stop withdrawals yesterday, which is something they basically said. They would never do and then they went into their terms of service and found some things that actually now we can, just you know, keep your money. So everyones got their money stuck on celsius, which is a huge panic right and essentially right now, people are thinking that around the 17 000 mark. This is for bitcoin. If it does hit there, celsius will get margin called, and that means that they may forcefully be liquidated if they cannot post more collateral, but if they are posting more collateral, as they go down theres a potential that this wont happen. But this is probably why theyre freezing their assets, so they can use them for things right. So keep that in mind. This is why the markets panicking celsius. First of all. Second of all, of course, we got the fed likely to boost interest rates by three quarters of a point this week. Now this is something they said they wouldnt do. This is something they said they wouldnt do just about a few weeks ago. So will this happen, or is the market overly fearful right now were gon na have to wait to find out very soon in the coming meetings? Whether or not this happens, but i actually think the market is preparing for something worse than whats actually going to happen.

Now, just before we jump further into this video, i want to introduce you guys to todays channel sponsor, and that is by vinci. Vinci is a platform where artists and brands may utilize blockchain technology to create new income streams. So, instead of the big record, labels holding all of the power and generating most of the income by vinci is putting that power back into the hands of artists. By making it easy for people to invest in their passion by enabling digital ownership of music and art. The team behind by vinci believed that nfts can bring more than just rarity that you find in jpegs in the current nft landscape and theyll. Do this by creating an nft plus experience, which is almost limitless. They are starting with the artist royalty extracts and fractionalization physical music events and unlockable content and delivery of physical assets think signed records, merchandise and meetups with the artists themselves at their event, as just the very starting point of this project. Now, on the note of the team, there are over 40 people in the team and the ceo cfo is from the senior director of global business operations at tesla. So this is a team that has a lot of experience and potentially can pull off what they say. Theyre going to do now in june alone, they plan to release their vinci token, their nft marketplace and their ios and android app checking out the vinci token itself we can see is the very center of their ecosystem and its the utility token of vinci.

This token will benefit the holders by creating secondary sales fees, extra income streams, new fan experiences and creating the future of this new digital landscape. Now checking out the nft marketplace, which will be launching on the 15th of june. We can see over on their white paper, which is super in depth by the way. So i highly suggest you come over and download this and check out the whole thing, its super in depth about all of their plans and what theyre going to do going forward. But the marketplace itself is the core functionality of the platform. It supports auctions and direct sales. All potential buyers need to connect their own crypto wallet to their user profile. They dont hold any control over on chain assets of buyers and sellers and instead rely on the decentralized fully automated smart contracts, theres going to be auctions, direct sales, sales of physical items and revenue, so 85 of each primary sale goes directly to the artist while 15 Is transferred to the vinci stakers, so if youre an artist you benefit and if youre a staker of da vinci token, you will also generate an income and, as i said, they have a lot of things coming in june, including their very first nft release. The first one coming out on june 22nd, which is exciting stuff – they are actually doing these things and lastly, they have their pre staking. And if you stake your tokens before the 15th of june, you can get a massive vinci airdrop up to 40 of your staked amount, which is a share of the 400 million vinci reward pool.

So you have a very limited time to get forward with this. But if you do want to learn more about the project, the team check out the white paper, the website and all of the links are going to be down there in my description and lets jump straight back into this video and now. Lastly, of course, we do also have people worried that micro strategy is gon na get margin called right. People are worried about this around 21 000 is the expected amount for the first margin call, but again, this only is if microstrategy doesnt, post more collateral against their loan, so theres a quite a good thread here that i was reading and basically they are continuing to Add collateral to their loans – and we can see here that microstrategy has had 205 million loan and needs to maintain 400 million as collateral. Microstrategy is 115 000 bitcoin. That can be pledged if the price of bitcoin falls below 3500, the company could post other collateral. So michael saylor isnt, actually scared of this margin call and again i think the market is overly fearful for this now. These are the main three reasons why the market is incredibly scared. Of course, we have other factors going on in the world like whats going on in europe, but this is a bear market. We are in a bear market right now and of course, we have been speaking about this. The overall risk to reward at buying in situations like this is so much better than it was buying in situations like this and thats.

What the majority of people dont seem to understand now you know i was talking about taking profits here. I was talking about taking profits all the way up here and i cant time the top or the bottom at all. All im trying to do is try and get as close to the top when im selling and as close to the bottom, when im buying thats it and people keep calling me crazy recently for dollar cost averaging into my bitcoin position, and they were calling me crazy For selling some of my positions near the top and thats whats insane in this market right im here for the next five ten years, ive already been here for five years. I know what happens when the market goes absolutely crazy. I know what it does to me. Personally, emotionally, i know what happens and we expected this to happen now. Did i take enough profits from what i learned back here by losing pretty much 99 of my bag? No, no, not even clocks right, but i did take about 25 profit and im happy with that, because i did follow my game plan now. I was actually burnt quite badly, as you guys know, by ust, so i lost a lot of those stable coins. I had ready to buy the dip, but that doesnt mean that im not going to continue to work on my earned income in order to continue to be able to dollar cost average through this bear market.

Now, if we have a look here, lets just zoom back to bitcoin back here in 2018., we got a high of around 19 000 right. Then we had this huge crash down here down to around the 7 000 mark. Now this was almost the max pain and this happened very close to the top very similar to what we are in right now. Potentially, this is close to the max pain and only twice after this did we have these other huge drops here. So we spent a few months in 2019 down at around the three and a half thousand and then at the covid crash. Again we did reach around three and a half thousand its not showing on here, but we did reach that again. But when you actually zoom out – and you think, hey if i as a person me started buying around here at seven thousand dollars, so you can see this line here relatively average on where the price was during the whole bear market. So if you have started to dollar cost average into the market, even if you bought the very top of the old all time high here at 19k, but you started the dollar cost average here in this extreme fair point – and you continue to do that over the Next, two years, you would have had a monumental run in bitcoin. Imagine you did the same thing in coins that you had high conviction in even something like ethereum, absolutely insane gains, and this right here is the reason why i still have so much conviction.

Yes, i do expect there to be more volatility, so if we have the same thing that plays out over the next lets say two years we get. You know an extreme pain point here over the next two years. We do drop down lower, but its kind of like the zigzag shape we zigzag around, and i take advantages of all of these zigzags im going to come out so much bigger, better and stronger, even than where i was at this all time high. Just when we start to make small moves upwards and thats, how i see it and thats what im seeing in this market, of course, you guys can do whatever you want. You can head over to twitter. You can even go down there in the comment section and call me an idiot, but it is an all or nothing game for me right, bitcoin ether goes to zero and i lose everything that ive invested. Remember. This is only money i can afford to lose, so it goes to zero. I lose everything that ive invested, or it goes absolutely massive, which is what i expect and lets say, thats a 5 or 10x from where we are right now at you know the smaller side of what i expect. That is a huge return for me in the next lets, say 10 years, if we can get to a hundred thousand two hundred thousand in the next ten years for bitcoin. That is an incredible return, especially if i can use the next two years to earn as much money as i possibly can in my day to day life.

I can then move a percentage of that into crypto into other investments like property stocks and shares, and i can do that all during bear markets and recessions. Im gon na come out bigger and stronger and more financially stable than i ever was before thats. How? I look at it. Maybe im just rambling on and trying to make myself feel better, but hey lets see what happens in the future. Weve got the crypto greed and fear index at an 11 today. Let me just refresh that in case its wrong, oh and eat. Today, so even more fearful, we can scroll down and see whats happened in the past. We have spent a long time down in this extreme, fearful state. You can see that its very rare or almost has never happened to this degree before and what happens after every other time. Yes, things can get worse, but if we go against the history of bitcoin, it has only got better, and one thing i want to look at is guys total liquidations just under a billion. This was over a billion dollars. Last time i checked out a billion dollars. This means that people are still recklessly losing recklessly using leverage high leverage. You can, of course, short this market. You can long this market, you can do whatever you want in this market. If you do want to do those things, do them down there on cue coin or on by bit. My links are down there in the description, but use 1x leverage.

2X leverage stay safe, stay far away from the liquidation price if thats, something that you see profit in, but dont use 10x 20x 30x x leverage because you can get wrecked so quickly and people are out for blood right now. There are huge whales that are out for blood right now. I posted this earlier on my twitter. We are witnessing the war of the whales. This market is not going anywhere, but over leveraged entities are. This is what i think. I think that people are hunting for blood right, theres blood in the market and people want more of it. So if they start to see a lot of shorts, theyll push the market down. If they start to see too many longs theyll push the market up. Then people get liquidated and thats where the money will be made right now, so dont fall into that trap. Stay safe, zoom out chill out, come and follow me over on twitter.