OCTOBER MOMENT OVERDUE?! Bitcoin To Spike In 48 HOURS As Whales Ignore The Fear — Transcript

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1. 0:00There is something that's big that's
2. 0:01coming up tomorrow and
3. 0:04>> [sighs]
4. 0:05>> October is almost
5. 0:08over and we still haven't had that
6. 0:11October moment. Are we going to get it?
7. 0:15ETH, on the other hand, is kind of
8. 0:18bleeding more at this point. It just
9. 0:20seems like a lot of people are losing
10. 0:22interest in
11. 0:24and alts and just turning to Bitcoin,
12. 0:27right? And that that generally happens.
13. 0:30Whenever there is
14. 0:32any kind of
15. 0:34weakness or
16. 0:36fear, fud, you know, people turn to what
17. 0:39they trust the most, which is Bitcoin.
18. 0:41And I've always said
19. 0:43hold a lot of it, as much as you can,
20. 0:45right? And your portfolio probably more
21. 0:47than 50%
22. 0:49at this point because people will go
23. 0:52back to what they trust during scary
24. 0:54times and it's Bitcoin.
25. 0:57So, uh looking pretty good, but
26. 1:02we do have a big options expiration that
27. 1:05is happening tomorrow.
28. 1:07Okay? The last Friday of every month, we
29. 1:10have huge options and futures expiration
30. 1:14and this is where the big boys tend to
31. 1:16move prices
32. 1:18to kind of fit their contract. So, we'll
33. 1:21see what happens. I don't have
34. 1:24I don't have like the max pain price.
35. 1:28Because there's generally a max pain
36. 1:29price, the one point that where both
37. 1:31sides loses, that's usually where it
38. 1:33gravitates to.
39. 1:34I don't have that, but
40. 1:36it could be a little volatile between
41. 1:38today and tomorrow. Volatile could go
42. 1:41both ways. It could go upwards, too. So,
43. 1:43there is something that's big that's
44. 1:45coming up tomorrow and
45. 1:48>> [sighs and gasps]
46. 1:49>> October is almost over and we still
47. 1:54haven't had that October moment. Are we
48. 1:57going to get it in the 2 days
49. 2:01and put us back into the green.
50. 2:05We will see.
51. 2:07Bitcoin has moved mysteriously many many
52. 2:10many many times in the past, so it could
53. 2:13still happen.
54. 2:16Uh unfortunately, we also had a lot of
55. 2:19liquidations, okay?
56. 2:21Uh and obviously, this doesn't help, and
57. 2:23I mentioned this time and time and time
58. 2:25again.
59. 2:27These liquidations kill a lot of people.
60. 2:31You can't recover, and then you go on
61. 2:34this vicious cycle where you try to make
62. 2:35it back, and then you make more
63. 2:36mistakes.
64. 2:38It's just really tough. A 24-hour 334
65. 2:41million wrecked once again.
66. 2:44Be careful. Be careful. You want to do
67. 2:47your two, three, five axes, okay?
68. 2:5110, 20, 50, 100, that's where you're
69. 2:54asking to be liquidated.
70. 2:57Don't
71. 2:58do it.
72. 2:59And it And it's just hurts everyone
73. 3:01else, too. It's not just yourself
74. 3:02because in cumulative, then you get like
75. 3:05a big long squeeze or something, and
76. 3:07it's no good.
77. 3:10No good, indeed.
78. 3:13All right.
79. 3:15What else is going on? Well, this is
80. 3:19good, I guess. I don't know if this is
81. 3:21good or bad,
82. 3:23but Michael Saylor said the shareholders
83. 3:25approved that all four of his preferred
84. 3:28stocks, including stretch,
85. 3:31will now begin
86. 3:33paying dividend
87. 3:35daily.
88. 3:36Daily. Stretch was the the most
89. 3:39aggressive one, where it was paying
90. 3:42every week. The other ones,
91. 3:45I think they were monthly, and some are
92. 3:47yearly
93. 3:48because it was one after another after
94. 3:50another. Some didn't have to pay for
95. 3:51like a year, some didn't pay for like
96. 3:54quarters and months.
97. 3:56And
98. 3:57And stretch is the new one didn't have
99. 3:58to pay for until every week. It was
100. 4:00longer before. Now, he's making it so
101. 4:03all of them paid daily dividend.
102. 4:10I don't know how he's going to do it,
103. 4:11but he's doing it.
104. 4:12>> [laughter]
105. 4:13>> And he's been buying back a lot of
106. 4:14stretch, so I guess he's been preparing
107. 4:17for this. So, stretch will start daily
108. 4:19dividend payments in November, while the
109. 4:21other ones will switch uh in the new
110. 4:24year, 2027. So, interesting. Saylor
111. 4:27keeps inventing. He keeps
112. 4:30chatting with ChatGPT on new ideas.
113. 4:33>> [laughter]
114. 4:35>> I'm pretty sure. And uh this is the
115. 4:38newest one. Pretty soon, we're going to
116. 4:40move to hourly dividends. No, I'm just
117. 4:43kidding. We're not going to see that.
118. 4:46Uh but outside of that,
119. 4:49Bitcoin back mortgages coming to Canada.
120. 4:51A lot of you guys are Canadians.
121. 4:55Okay. So, you can put down your Bitcoin
122. 4:58as collateral. But right now, it's
123. 5:01early. They haven't really announced
124. 5:03like what the specific terms are, what
125. 5:05the rates are, and you know, what if the
126. 5:08Bitcoin that you put down goes down in
127. 5:10value, then you need to add more, or
128. 5:12you're going to get margin called. So,
129. 5:13there are a lot of questions at this
130. 5:15point. But we are definitely moving in
131. 5:17that direction.
132. 5:19And that's a good thing. I mean, you can
133. 5:20put down things as collateral for
134. 5:24for mortgages, for loans, and stuff like
135. 5:27that. But traditionally, banks still do
136. 5:28not accept Bitcoin as assets. So,
137. 5:32moving in the right direction.
138. 5:37Uh what else? What else?
139. 5:43Well, looking at Bitcoin's chart,
140. 5:47it's kind of like this.
141. 5:48I mean, well, this is actually Hype's
142. 5:51chart, but
143. 5:52uh Bitcoin's chart is this.
144. 5:55>> [laughter]
145. 5:56>> Sorry, wrong one. But you know, it moves
146. 5:58the same way basically at this point. I
147. 6:01did an interview with uh
148. 6:04uh Milk Road yesterday. as it's posted.
149. 6:07I put a collaboration link on the
150. 6:09channel.
151. 6:10Um,
152. 6:12nice guy, didn't know about them.
153. 6:14They're fairly decent, um, fairly big.
154. 6:18And I talked a lot about Hype. I mean,
155. 6:19they just have a really good model.
156. 6:23And they have a good flywheel effect,
157. 6:25and so many are utilizing them to come
158. 6:27out with perp trading. I just heard
159. 6:29pump.fun did, even though they have
160. 6:32nothing to do with trading. Phantom did
161. 6:34it and made $20 in a year. So, a lot of
162. 6:37people are
163. 6:39getting involved with Hype, and they
164. 6:41have the most liquidity, so Hype is
165. 6:43doing very well.
166. 6:45Very well, and I think they will
167. 6:46continue to do very well. They got a
168. 6:48really good model. It's exactly what I'm
169. 6:50trying to build for Clash, like this
170. 6:51flywheel effect, and I don't have it
171. 6:54like Hype yet. If I did, we would be
172. 6:57like at $10 already, but
173. 7:01you know, projects that can that can
174. 7:02figure it out have massive utility,
175. 7:05massive users, massive volume, and then
176. 7:07utilize that to create a flywheel effect
177. 7:09for an underlying token, that's where
178. 7:12you go see super success, right? So,
179. 7:15they have done really well.
180. 7:17Uh, but for Bitcoin, you know, Bitcoin
181. 7:19has done very well, too, since
182. 7:23since the beginning to now, right? We're
183. 7:25still going through one of those times
184. 7:27where we're recovering.
185. 7:28It's slow,
186. 7:30and sometimes it's it's rough.
187. 7:33Um, last Look at that last cycle when
188. 7:36we're coming back up from 2022 to 2023
189. 7:39leading to 2024. I mean, it's just like
190. 7:41many, many, many months, many months of
191. 7:43sideways until we finally broke out, and
192. 7:45then boom, we started moving, right? So,
193. 7:49it's just one of those times.
194. 7:52It could be scary. It could be boring.
195. 7:56But the ultimate strategy, the one that
196. 7:58truly works, is simply holdel and DCA.
197. 8:03That's it.
198. 8:05That's it.
199. 8:06That simple.
200. 8:08All right.
201. 8:10Uh uh,
202. 8:10>> [sighs and gasps]
203. 8:10>> there's really not much else.
204. 8:13Um
205. 8:15you know, weeks back we heard about
206. 8:16ledgers and how some being sold from
207. 8:18this crypto billies guy.
208. 8:21Right? They had some kind of chip
209. 8:25implanted in them and basically
210. 8:28it cost