Today YouTube showed me a new crypto channel called Crypto Nutshell
It has 42K subscribers which is good for a smaller crypto channel.
The topic of this video from today with 12K views is Historic Trends of Crypto Dips in September. They show a chart which seems to indicate that the September following each Bitcoin halving has seen a big crash in Bitcoin price. This crash has been between 20 to 40 percent and it happens fast - as in days rather than months.
The good news is that history shows the crash ends almost as fast as it starts, and then Bitcoin goes even higher.
The questionable news is -
First, we only have 3 data points. This video covers the 2012, 2016 and 2020 halvings and anticiates that the same may happen in a week as we enter the September after the 2024 halving. So we're being asked to accept that something which happened 3 times will happen this 4th time. Maybe. If it happened 20 times in a row, then we assign a higher probability to the outcome being the same. More data points leads to a higher probability of something being an accurate predictor of the future.
Second, is This Cycle Different? It is different in that interest rates are high whereas they were low the last 3 times. Also Institutions and traditional Wall Street has entered at least into Bitcoin and Ethereum so the players in the trading game for those tokens are different.
So watch the entire 14 minute video which you can see in 7 minutes if you choose the 2X speed!
If you like this channel, add it to your subscriptions on YouTube so you can have a variety of viewpoints on crypto. We always say it, and hopefully you actually Do It... Do Your Own Research! YouTube can be one place to learn what others are saying about crypto. They make good starting points for further research.
Source:
My Activity
for this Monday was pretty good! I scored over 11K by doing daily activity which included high knees, squats, my own take on Tai Chi, and some dumbbell resistance training followed by 25 pushups.
At night I took a pretty long walk. It was about 70 degrees Fahrenheit out, and not too humid. I went farther than normal and met some stairs which beckoned me to climb them so I did. 37 steps. But paradoxically I only went down 33 steps. How is that even possible?
Have a Nice Day My Friends!!! ❤️❤️❤️❤️❤️
This report was published via Actifit app (Android | iOS). Check out the original version here on actifit.io
