The #1 Crypto Mistake! 🚨 (DON'T DO THIS)

It's a maturing asset, right? So, it's going to it's going to moon less and it's going to swoon less. And that's what maturing assets do. >> I think there's still significant upside in this asset. Like really material life-changing upside. >> If you're not part of the digital economy, you're suffering. Crypto now has a fundamental use. >> You think that there's FOMO coming from Wall Street on the crypto trade? >> There's no doubt in my mind. I see so many people make the same mistake in crypto every single time Bitcoin does this. In fact, this is the number one biggest mistake you can make in crypto right now. Watch today's whole video. This is the only video where I'm going to share this with you. This information is free today. I ask for no money. All I ask of you is if you appreciate this content, smash the like button. It takes two seconds. It's a small thing you can do, but it truly helps the channel grow. And comment bull or bare if you're bullish or bearish here. It's going to be interesting to gauge the current crypto sentiment based on the comments. Let's get into this. The number one single biggest mistake I see new people, especially making in crypto every time Bitcoin goes on a run like this from bare market to seemingly a bull market. And finally, when it seems like we are officially out of the bare market, we have our first major dip. The number one single biggest mistake I see new people making is immediately moving their crypto into stable coins. Selling Bitcoin, Ethereum, Salana, whatever it is for USDC or USDT because they think Bitcoin has a lot further to fall. I mean, especially with the current sentiment. I'm reading some of the comments. I see a lot of bears in the comments because a lot of people still think that Bitcoin is going to make one final lower low in Q4 of this year. Not financial advice. Nobody can predict the future. Let me share with you evidence and proof that Bitcoin has much higher highs to go as we get into Q4 of this year. And again, understand that Bitcoin has made higher lows for four consecutive months now despite fear, uncertainty, and doubt in the market. Despite fluctuating macro conditions fluctuating, I think they misspelled fluctuating. And people are acting like this is a 20% dip or something. It really has only been a 7 8% dip, but that's all it is. Just a dip, just a decline. I hesitate to even call it a decline, analyst and entrepreneur Caleb Franconen writes, because it's just so normal. Allow me to explain. I've added Bitcoin's one and two-year moving averages, the 52- week exponential moving average and the 104WE exponential moving average. Exponential moving averages are types of moving averages that give more weight and sensitivity to recent price data than to older price data points. And the chart speaks for itself. Bitcoin has still cleared these levels, which it often does going into a bull market. And as of today is still holding these levels and even if we dropped down a little further to the high7s range, that would still be okay. In fact, we saw this exact same scenario play out right before the 2021 bull run. Few remember the pre2021 bull run wash out where after a major rally off the lows, Bitcoin falters, it consolidates. Everybody's saying wait till we go lower, but instead it grinds higher then pumps a lot higher. This is where we are today. So, Bitcoin is still above major major what was resistance now will be support. I'll say it again. We are in a bull market and assuming we're in a bull market, dips are made for buying. In fact, this will now be the first chance in a long time to buy a bull market dip. Local top buyers who are buying at 87K are in shortterm realized losses. So, this could be a major dip worth buying. Hey, that's according to me, Altcoin Daily. I'm a believer in this asset class. But this is even according to an expert, the director of global macro at Fidelity Investments, Jurian Timmer, who is both bullish on gold and bullish on Bitcoin and even more bullish on Bitcoin going forward than gold. He notes that so far Bitcoin has rallied with really no narrative. And you always have to pay attention because there's something going on. We just don't see it yet. This is the kind of information that smart money gets and uses to make their decisions. >> Bitcoin winters are shrinking in in in length. >> Yeah. But but so we hit 60 depth. >> We we Yes. Uh it's a maturing asset, right? So it's going to it's going to moon less and it's going to swoon less and that's what maturing assets do. But when it hit 60 earlier this year, I'm like, the price is right, but the time is wrong because these winters last 9 to 12 months. And then as recently as maybe a month or two ago, it was still at 60. And I'm like, okay, now I'm really going to pay attention. And then it broke above 80, that confirmed a double bottom. And when you price Bitcoin in terms of gold, it's a really beautiful pattern. So I think gold's I think Bitcoin is gonna I think they're both going to go up. And Bitcoin is going to go up more. Um, even though we're still kind of looking for a narrative, but as you know, when things move without a narrative, you always have to pay attention because that's there's something going on. We just don't see it yet. >> Bitwise's chief investment officer actually agrees with this sentiment. He's also bullish on Bitcoin and gold, but actually compares Bitcoin to the years after gold first got institutionalized by Wall Street. Back then, gold's market cap was a mere 2.5 trillion. Today, it's 30 trillion. Bitcoin's market cap today is about 1 trillion. Crypto's market cap is about 2 trillion. The same exact thing that happened after Wall Street put gold in an ETF, Matt Hogan believes is going to happen to Bitcoin, meaning that this is one of the best opportunities to buy. >> And today, we think of gold as like a $30 trillion asset, hugely institutionally owned. But when the first gold ETF launched, which was in 2004, gold was a two to$2.5 trillion asset, the whole thing, and it went to $30 trillion sort of before people really started freaking out about debt. I think people who don't think Bitcoin can follow the same pattern, we launched ETFs when it was about $2 trillion. I think it could easily do what gold did, which is run up to $30 trillion. and that arrives at a pretty nice price target. The key for investors is that within that there's a lot of up and down. There's a lot of bouncing around. Uh the biggest risk in in Bitcoin is nothing to do with the protocol or quantum or anything. It's everything to do with the investors and whether they stick it out through those bull and bare markets alike. So, I would just keep that in mind, right? It's been a great run. We've seen lots of investors hurt because they burn out or they get overlevered. Uh I think there's still significant upside in this asset, like really material life-changing upside. And I think it'll play out over a decade. So at least have some of your capital from my view, at least what I'm doing, not financial advice, but some of my capital is allocated specifically for that to see where this thing turns out in 10 years. Um and I think it's going to be pretty fun. And of course, Bitcoin is the market mover, but Ethereum and quality altcoins you should be bullish on. Similar to Bitcoin, Ethereum is getting suctioned up off exchanges. Update: Binance's Ethereum reserves hit a six-month low as withdrawals reach a record high. Dumb Money is really selling their quality crypto assets despite metrics like this under the hood. Just in, stable coin holders on Salana hit a record 14 million plus, up from under just 4 million 2 years ago. This is amazing growth. Exactly what we want to see if we're invested in this asset class. Knowing what we know about Bitcoin, Ethereum, Salana, and quality crypto assets, I love what macroanalyst Jordi Visser says here on Pomp's podcast. He comes at things from a more traditional finance point of view. So, I love his perspective on this. He thinks Wall Street is getting major major FOMO right now. And that is one big reason. He explains it why he can confidently say that 2027 will be huge for crypto. It's about a minute long. Listen to his thesis. You think that there's FOMO coming from Wall Street on the crypto trade? >> There's no doubt in my mind. Now, I said on this show that I believe that 2027 would be the important year. And the reason is this. You need to have FOMO first because we're nearing the end of the calendar year. And I'm spending a lot of time, like I did in DC, about machine time versus human time. Human time moves really slow. Crypto doesn't move slow. It moves very fast. AI doesn't move slow. It moves very fast. Oh, rates are going higher. This is going to hurt the housing market. This is going to hurt small caps. I posted something on X today. So, let me get this straight. The MAG 7 are near all-time high and the Russell 2000 is breaking down, which means breath is breaking down. And if you do a chart for all of you breath fearmongers now of the market, you'll realize that, oh, QQQ over IWM has been a trade since the iPhone came into existence. If you're not part of the digital economy, you're suffering. So I think there's an element that crypto now has a fundamental use. It has public companies which means they can do a little bit of investing. They're not going into the tokens but they are looking. But I think the fact that you and I talk about all the time and we have a lot of different listeners. I write about the relationship. I set up a business based on the importance of AI to crypto disrupting macro. I think FOMO is kicking in because they're trying to figure out ways to make money because it's been kind of a frustrating year for Alpha. Traditionally, October is one of Bitcoin and crypto's best months. Now, currently about a week or so in, we are down a bit when the average return for October is really closer to 18% up, especially knowing we had a green September when September is usually red. I think we're going to see a gap being filled between where we are now and 18% plus for the month. I do expect volatility around the midterms, but after the midterms, I expect things to get bullish and that is actually what would be common. If you take a look at Bitcoin returns in the 12 months after US midterms, 24%, 44%, 92%. Stay in the know on everything crypto on a daily basis. 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