BitSwap is the hottest new way to trade tokens.
Crawling all the top decentralized exchanges,
BitSwap will get you the very best price and value for your trades.
BitSwap is changing the game.
Try it now at bitswapdex.com.
Welcome to BitBoy Crypto! The largest crypto channel in all the Interwebs.
My name is Ben.
Everyday on this channel, I show you how to make money in cryptocurrency.
If you like money and crypto,
make sure you hit that subscribe button.
Guys, today, I want to talk about in this video
what was probably the No. 1 related question at my meetup last night.
So we had a huge meetup last night.
There were certainly some
some snags, if you will, but we took care of it,
and hopefully everybody that came out last night to Andretti's,
fella, you got your money's worth,
especially because it was free.
But there were a lot of questions that came up at this meetup,
and if you want to hear the fun story about what happened behind the scenes at the meetup,
you guys can check out the livestream we did earlier today.
But the thing is, guys, the No. 1 question I got,
it came in about 10 different forms,
but it all related to the same thing.
What is the crypto exit strategy?
And we've talked about this a lot.
And if you've watched this channel for a long time,
you know that I believe that the Bitcoin bull run is going to end approximately September 28.
That's based on all the history and the cycles that we've had in Bitcoin,
and then based on the last altcoin cycle, we have reason to believe
that part of the reason why Bitcoin will start falling will be because people are taking profits out of it
and moving it over to altcoins.
So for that reason,
it stands to--
it stands that what we should see is--
no speeding today--
is that we should see the altcoins run sometime between October. Now,
between October and November.
I think we could see a slightly prolonged altcoin season
because there will be a lot of excitement.
But then one day, people will wake up, they'll be like, "What the heck did I put all my money in?"
"I just invested all my money in Banana Coin,"
and they're gonna be like, "What have I done?!"
So here's the thing, guys.
We do believe that we know when the bull run is going to end. Okay?
But you do not need to be looking at the bull market and the end of the bull cycle
as something that you must time absolutely perfect to the minute
because no one is truly going to be able to call the absolute top of the market.
In fact, no one's ever able to call a top or a bottom until later on.
When you look back at the charts,
it's really easy to see where the top of 2017 was and where the bottom of 2018 was,
and, you know, that where the top in 2019 where we had a little bull run up
and then, you know, in 2020, obviously we had the pandemic and the market crashed.
So we had that going on.
Okay?
But it's easy to look back on charts and know where the tops and know where the bottoms are.
I got a feeling from a lot of people last night--
which, once again, shout-out to everybody that came.
I think there were close to 300 people there at the meetup.
So it was a huge success.
I had one guy walk up to me and say,
"Man, like, I remember going to meetups 5 years ago when there were 10 to 20 people here,"
and we had hundreds of people there at Andretti's.
I think it turned out really well.
But I got the feeling from a lot of the people that were there
that they're very nervous.
They're very nervous and they're not confident in picking the top of the market.
They're afraid they're going to make money,
and then they're going to sell at the wrong time,
or they're not going to sell it the right, you kow,
they're going to hold on too long,
and they're going to hold it all the way down to zero.
I believe that if you are watching my channel right now,
and you keep watching this channel,
we are going to do our best to tell you when the market cycle ends,
but you don't need to put too much pressure on yourself.
You need to hedge your bets against the coming bear market.
We don't believe it will be coming till late this year.
Hey, we might even see an extended bull run to the end of this year, and then early next year,
you know, we could see some prices drop and things like that.
But you shouldn't put too much pressure on yourself to time it exactly perfect, okay?
You need to be hedging your bets by pulling out profits.
If you're in a coin, and it goes up 300% to 400%,
you should pull those profits out.
If you've already made six figures in this bull run,
you should start pulling some money out.
Even now, take a certain amount per month,
and say, "I'm just going to move this amount of profits over,"
because you don't want to get to the end of this bull run
and be in a situation where, you know, you never took profits along the way,
and then what if the bull market does end early?
What if it ends in August?
And we're planning on September, October, and now you have mistimed it?
But here's the other thing with that.
Once the market does start to drop,
let's say the market goes up to about $6-8 trillion total,
which is kind of about what I think at this point we're going to see, okay?
If it goes to $6-8 trillion total in market cap by the end of this bull run,
and let's say that it drops $1 trillion in one day, okay?
That would be a pretty good sign at that point that that would be the beginning of a bear market.
It's okay to sell at the bottom of that because you got to look at the thing
from the perspective of,
if you go up from here,
like, let's say, 400%, 500%,
and then it drops down 20%,
you still are at like a 300% or 400% gain, and that's okay.
You've got to be willing to make moves to take profits along the way.
You also have to understand that you're learning about this market,
you're growing more confident,
you are going to have a sense of when this market is over.
I truly believe that for 100%.
So some of the things that you can be doing is moving part of your money over to cash.
It's a necessary evil, okay?
In the world of America especially.
Like, I don't know what other countries are like because I don't live there, but in America,
like your mortgage, unless you're paying it with your Crypto.com card,
you're going to need to pay it with cash.
Your bills, your water bill, you're going to need to pay it with cash,
obviously with a debit card or whatever.
So you're going to need some level of that.
Now, we do understand that there could be inflation or hyperinflation coming and things like that.
You guys notice, I'm driving a lot calmer today.
You know, there could be some hyperinflation,
so you don't want to move all of your money over to dollars, okay?
But I believe this was the No. 1 question that I got last night was timing this market.
I have absolutely zero ulterior motives
when it comes to telling you
whether I believe we're in a bull market or I believe we're in a bear market.
If you watch this channel for any amount of time, you know I'm going to shoot you straight.
And when I think the market is over, I am going to tell you that.
So, yes, I am going to be selling a lot of my crypto as we get to the end of the market
because that's what you've got to do to hedge against the bear market,
but am I going to sell 100% of my crypto?
No, absolutely not.
I'm probably going to, as we get closer to the summer,
start looking at numbers that make sense for me.
For Ethereum, it might be 100 Ethereum for instance that I say like,
"Okay, no matter what happens, I'm going to hold on to 100."
It might be 25 or 30 Bitcoin maybe for me.
And you guys see my portfolio, so you can kind of work those numbers out for yourself.
But you need to decide what amount of crypto you absolutely want to hold on to
and then what amount of crypto as the market continues to go up
that you're willing to separate from, okay?
But I can promise you and assure you
that on this channel, we're going to do our best to help you guys time this market.
And I can only assume that for--
since last night at my meetup, we got this question so much,
I can only assume that that's a question that a lot of you guys have.
So continue to study the market cycles, continue to watch our videos,
continue to get other people's opinions on, you know, when they believe
the top of the market is going to be and stuff like that, so, you know,
but be careful because there are definitely going to be people--
and you can look at it like this, like, if you're a YouTuber, for instance,
and you're just getting started and you're newer in the crypto space as a crypto YouTuber,
and you start gaining steam around the end of the market,
you could be like motivated to want to see the market continue,
and that could cloud your judgment,
and so you've got to just be careful who you're listening to, not be-- listen,
I'm telling you, guys, most crypto YouTubers out there are good people.
They are really, really, really good people.
Don't believe what you see or what you read about a lot of them.
Every single YouTuber out there has got trolls and things like that.
But I believe most crypto YouTubers are going to be honest with you
and try to help you navigate the end of the market.
However, I think some of them, especially some of the newer ones,
as we get towards the end of this cycle,
they could have their judgment clouded because either they haven't been here
through the full cycle or either it might be hugely advantageous for them
to continue saying we're in a bull market if they're growing really fast.
On this channel, you're not going to get any of that, obviously.
We strive to make sure we tell you exactly what's going on and be unbiased about it.
So I could be wrong.
I may be wrong about the end of the market.
I could be wrong about, "Hey, all of a sudden, now we're in a bear market,"
but I'm always going to tell you exactly what I think.
So, guys, I want to know what other gigantic questions in crypto do you guys have.
Do you want to maybe see me address maybe this week while I'm on vacation?
We'll make sure to read through the comments.
If there's anything big that comes up, I'll do another video kind of like this
where I just shoot you straight and tell you exactly what I think.
So alright, guys, thank you so much for watching this video.
That's all I got.
Be blessed.
BitBoy out.