The Wrap Up: BITCOIN CYCLES: WHEN TO BUY
Market Mondays
EYL Network
5.0 • 4.1K Ratings
🗓️ 22 June 2022
⏱️ 11 minutes
🧾️ Download transcript
Summary
In this Wrap Up BitBoy Crypto talked about the cycles of Bitcoin and cryptocurrency and explained when the best times to buy are. #bitboycrypto #bitcoin #crypto
Link to episode: https://youtu.be/hiAAkNm4eVA
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Transcript
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| 0:00.0 | I want to bring it to the surface for a lot of novice and people that aren't familiar with crypto and might have just got into crypto. |
| 0:07.2 | Yeah, that was in depth. |
| 0:09.1 | I first started investing in crypto in 2017. |
| 0:11.6 | So I was part of that bull run and I saw Bitcoin go from $4,000, but we got the $20,000 and I also saw it fall down to $3,500. |
| 0:22.2 | And you know, just studying the space and actually going through that, I understand that it's very volatile cryptocurrency. |
| 0:27.9 | And this is kind of, and this is like what usually happens in cryptocurrency cycles. |
| 0:32.5 | So can you just explain the volatility and the history of cryptocurrency and Bitcoin cycles for anybody that you know might have just gotten in and it's like them like I'm losing all my money. |
| 0:44.0 | This thing is going to zero. |
| 0:45.4 | Yeah, that's, that's a tough question because there's so much to it really. |
| 0:48.6 | So I would say this, I got involved in Bitcoin in 2012 and I sold it all in 2013. |
| 0:53.8 | So I didn't get rich from the early days, about $400 with a Bitcoin, which I think was like 37 Bitcoin at the time. |
| 1:00.5 | And I had some money left over. |
| 1:03.1 | I was using it to buy a software, you know, I mean, I'm saying Ben, that's when we have a moment of silence. |
| 1:08.7 | Okay, we've all been there. |
| 1:10.1 | We've all been there, right? |
| 1:11.5 | Yeah. |
| 1:12.3 | So I got involved very early, but what I failed to really connect with and why I went on to really create this channel is because I like to help people in 2012 when I got in there. |
| 1:20.7 | We're not educational resources about Bitcoin and and so now today there's like one podcast, the Christopher Rose podcast. |
| 1:27.0 | I can't remember what it was actually call back then, but now there's so many channels and people don't understand like the embarrassment of riches you have when it comes to learning about crypto today. |
| 1:35.6 | That being said, Rome wasn't built in a day. |
| 1:38.1 | You have to get an elephant one by the time all those phrases apply here. |
| 1:41.0 | So I can give you a quick overview, but it's extremely brief and it takes a wild really wrap your head around all this stuff. |
... |
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