With every added day, it seems as if Bitcoin is finally dead.
After hitting an all time high of nearly $20,000 in December of 2017, it quickly came plummeting down to half of that within just a matter of days. In fact now, it’s dropped by nearly 70% of its previous value.
Yet even so, there’s a die hard Bitcoin community that adheres to the philosophy of HODL—hold on for dear life.
Despite numerous crashes, spikes, and crazy unpredictable trends, these hard set individuals stubbornly refuse to give into the mainstream sentiment and sell their cryptocurrencies…why is this?
While I don’t really agree with the “HODL mindset,” I do think that Bitcoin is at only a fraction of what it will be in a few years.
Despite mainstream news constantly pumping and dumping cryptocurrencies (a concept I will discuss later), I believe that now is actually the best time to buy Bitcoin.
Don’t just take my word for it. I’ve put together chart after chart after chart of painstaking analysis over the past half decade of my life, and mastered the art of trading. I’m not at all 100% accurate—hell I’m probably not even 80% accurate. BUT, when I win…I win big.
Is Bitcoin Dead? Bitcoin Obituaries
Over the past few months I’ve gotten tons of emails from concerned readers, asking about the future of Bitcoin.
“Is Bitcoin finally dead, Jon? Is this really it?” they’ll ask.
Fortunately for myself, and anyone else who’s investing in cryptocurrencies, Bitcoin isn’t done quite yet…not by a long shot.
See, this is a very predictable cycle. Ever since its inception almost a decade ago, Bitcoin has gone through wild spikes and crashes to match the wild changes in public sentiment.
I’ve seen Bitcoin lose 99% of its value in a matter of months, and I’ve seen it grow from mere pennies to thousands of dollars as well.
The fact of the matter though, is that Bitcoin is here to stay due to the fundamentally world-changing technology behind the blockchain.
It’s really that simple—when you look at not only the technical analysis, but the fundamental analysis (which I cover in my Bitcoin trading course), you’ll see the truth behind the curtain.
Funny enough, Bitcoin has already “died” 273 times so far.
There’s a website called Bitcoin Obituaries which keeps track of how many times mainstream news like CNN and The Economist have declared Bitcoin to be dead.
They said it was dead when it was at $0.23, and it wasn’t. They’re saying it’s dead now at $6,000 and it still isn’t.
Why Bitcoin is Here to Stay
“Bitcoin will never work,” people say.
“It’s, like, not even backed by anything,” they’ll say.
Well, yeah—do you know what else isn’t backed by anything? Every single fucking fiat currency ever.
The US Dollar, the British Pound, the EU’s Euro, the Japanese Yen; none of these are backed by anything except trust.
Bitcoin is fundamentally different, because it will enable several things to take place:
- Global exchange with very little restriction
- Incredible peer to peer transaction technology
- Micro-payments which will create an ecosystem of new and improved services
- Nearly zero processing fees or waiting times
While this may not seem like a big deal, believe me, it is.
When a millionaire has to transfer $5,000,000 to a business overseas, do you know how much he pays in processing fees? Something to the tune of $100,000 or more. With Bitcoin, though? He’ll pay maybe $50 or even less.
In my 10 module video course on trading Bitcoin I really go deep on these concepts, but for now just understand one thing…
Bitcoin is changing the world, it’s putting the power back into the hands of the people, and it’s here to stay…for good.
Why Buy Bitcoin Now?
One of the first things I learned when I got into trading the stock market was this: the markets aren’t logical.
It doesn’t matter how many egg brained scientists get together and try to predict what the market will do based off of logic, because it won’t work.
It won’t work, because logic doesn’t work.
People aren’t logical, they’re emotional—and they make purchasing decisions based off of EMOTIONS.
And do you know what two emotions run the market? Fear and greed. These two emotions are responsible for 95% of price changes in all markets.
Fear and greed move markets. Once you understand this fundamental fact, you will crack the code to trading and will easily be able to triple your money in a matter of weeks.
I know, because I’ve done it myself. Understanding fear and greed is the “master key” to becoming rich from trading stocks.
“Okay, that makes sense—but why should I buy now, Jon?” someone might ask. Well, I’ll tell you. Again, it comes back to fear and greed.
In the words of Warren Buffet, you should be fearful when others are greedy, and greedy when others are fearful.
So with this in mind, which do you think people are being right now?
Jon’s Bitcoin Predictions
Trading is a matter of probabilities, and predictions are hardly ever accurate. I can’t say how low Bitcoin will go with 100% certainty, and I can’t say how high it will go with 100% certainty.
What I can say however, is that now is the best time to buy Bitcoin. In fact, if you want to make money online, buy bitcoin NOW and just WAIT.
Now is the time to start scaling in, more and more. Now is the time to slowly increase your holdings in Bitcoin, because believe me when I tell you that the next time Bitcoin spikes? You will be kicking yourself in the god damn rear for not buying more when it was this cheap.
According to my technical analysis, which can be seen above, Bitcoin is nearing its local low. Could I be wrong? Could Bitcoin plummet down to $50 in a day?
Yeah, sure—it’s not probable, but it’s certainly possible. Even so, now is the time to buy Bitcoin, because it’s hardly anything but dead.
Do you see that yellow circle where the descending blue trendline and the green box intersect? That’s my best guess for the absolute lowest Bitcoin will hit for a very, very long time.
The green and red arrows are my rough estimates of the trajectory that bitcoin will take over the upcoming 5 months.
Buy Low, Sell High
As complicated as that chart may look, believe me, it really isn’t. Fundamentally investing in cryptocurrencies or any other asset comes down to one thing: buy low, sell high.
I’m currently loading up my cryptocurrency portfolio with all kinds of alt-coins, because when this next bull market hits…it’s going to rock your fucking world. Take my word for it.
Bitcoin, at the time of writing this article, is hovering around $6700. Could it go lower and hit around $5,000?
Yes, it certainly could—which is why I’ve stacked all kinds of orders around that price range. Yet even so, when looking at the grand scheme of things, I cannot emphasize this enough—NOW IS THE TIME TO BUY.
In the beginning of 2017, Bitcoin lost over 35% of its value in a mere week; a single fucking week.
People lost thousands and even millions of dollars in just 7 days, and were BEGGING their friends and family to take their money out of this “dead cryptocurrency” while they still could.
Do you know what, though? While the dummies were selling from fear, the smart money was being greedy and buying everything up. This is how the millionaire’s mentality works.
Because if you had in fact bought up all of that sweet, sweet Bitcoin at its low of $750 and waited just a year, you would’ve made a 2,500% return on your money.
How to 25x Your Money
“B-b-but Jon!” someone might ask, “There’s no way you could’ve guessed EXACTLY where it would’ve hit an all time low!”
Yeah, you’re right—all of the fancy tools and best AI computers in the world couldn’t have guessed that Bitcoin would’ve bottomed out at $751.96 at 3:42pm on January 12th, 2017—but do you know what?
It doesn’t fucking matter.
Look at that chart in the previous section. That’s what the crash looked like when everyone was freaking out, because Bitcoin had dropped down to $750.
Now, look at the chart in this section—that’s what that “massive crash” looked like in the long run.
When you zoom out just a year, a mere 12 months, you’ll find that this “massive crash” was not even a blip on the radar.
Even if you hadn’t bought Bitcoin at the absolute low of $750, you STILL would’ve made thousands or even MILLIONS of dollars in the grand scheme of things.
This is exactly why now is the time to buy Bitcoin. Idiots are complaining and whining that it’s already gone down 70%, but do you know what I hear when others say this?
“Holy shit—a 70% discount. NOW IS THE TIME TO BUY!” Now is the time to be greedy, when others are fearful. Find the hidden crypto gems.
How to Become A Bitcoin Millionaire
There are many things which separate the winners from the losers in stock trading, but by far the biggest differentiating factor is your emotional control.
It’s not how high your IQ is, it’s not how smart you are, and it’s not how much money you have to trade with—it’s your temperament.
If you can learn to be greedy when others are fearful, and to be fearful when others are greedy, you will make an absolute killing from trading cryptocurrencies.
If not, though? You’ll be doomed to constantly losing all of your money and going deeper and deeper into debt as the stock prices go lower and lower.
Mark my words, gentlemen—now is the time to buy Bitcoin.
It may not go up at first, hell it may take months and months to reach what it was previously. But when it does, believe me when I fucking say that we’ll all be sitting on a boatload of cash.
The easiest way for you to buy Bitcoin is through Coinbase. In fact if you use this link we’ll both get a free $10 worth of Bitcoin, which is a pretty sweet deal.
I also cover all of the details on trading and investing in my Bitcoin trading course, but for now…get yourself some of that sweet, sweet coin while you still can.
In five years, if you try to use fiat, they will laugh at you. Bitcoin and other cryptocurrencies will be so relevant… there will be no reason to have the fiat currencies. So yeah, BTC is not dead!