welcome back everybody to altcoin daily is now the best time to buy bitcoin let's talk about it plus
make sure you watch the entire video i want to share with you a major update coming for ethereum
this wednesday and of course some world news in general the world is slowly integrating
cryptocurrency into any and all platforms everybody seems to be coming around so let's
talk about what's going on in the world after we talk about is now the best time to buy bitcoin if
you appreciate our daily content do me a favor hit the like button truly helps us out and let's start
right here when bitcoin meets the 200-week moving average big gains usually follow has bitcoin
met the week moving average yes it did in fact we're hovering right below it now and have been
for a little over a week as you can see every time in the past where bitcoin either hit it
or dipped below it just a little bit hit it or dipped below it just a little bit what followed
was 120x gains 4x gains 15x gains additionally we have another indicator confirming that we are at
the bottom or near the bottom the net unrealized profit loss indicator the bitcoin nupl has entered
the pink capitulation phase i highlighted the prior capitulation phases to show when this has
occurred before in bitcoin's history take a look at every other time where the nupl has entered in
the pink capitulation phase what a fantastic time to buy now sometimes it entered the pink when it
was near the bottom sometimes when it was at the bottom sometimes when it was after the bottom
but as you can see actually any time where bitcoin has entered this pink has been a great
great great time to buy now it's important to be realistic right my goal for this video it's not
financial advice it's to provide you with context perspective insight in the market by showing you
actual charts data and different stories so it's important to be realistic so understand this
bitcoin is going to need a lot more buy side volume than at present to match buyer follow
through volume levels at previous bear market bottoms at the 200 week moving average we're going
to need to see a lot more by volume here so you can take a look at two prior times where bitcoin
met the 200 week moving average actually you know again this is when bitcoin was three thousand four
thousand dollars four thousand five thousand six thousand dollars right here awesome times to buy
as you can see we need a lot more buy side volume and it could come with a giant wick in a
short amount of time like this or like if you were around in 2018 we were and you can go back to some
of our videos everybody was waiting for a even greater capitulation we didn't see that and it
grinded we didn't see that huge by volume instead it came over many weeks so either can happen i
appreciate this analyst keeping it real i'm going to like because i want to support so taking a look
at bitcoin's entire price history i understand that just looking at this chart it seems like
all the gains are in the past all bitcoins gains are in the past to that i say think bigger
and understand that bitcoin is doing the same old cycle action it normally does yes there are slight
differences this time around but in the macro picture we're on track and the next bitcoin having
it's going to be epic we're right on track my friends so is now the best time to buy bitcoin for
me personally yes i'm going hard in bitcoin here ethereum here a select few altcoins i think if
legendary investor warren buffett was into bitcoin he would be telling his clients my friends there
is fear in the air blood on the streets now is the time to buy and maybe start buying over the next
couple months for me this is the time to buy for you you will have to make that decision yourself
but just let's go over some of the things that just happened in the last few days how can you not
be bullish on crypto shopify ads nft gated option for online retailers shopify is leaning into nfts
as the future of e-commerce the online shopping giant which allows small businesses to create
custom e-commerce shops is launching nft gated storefronts as a new feature for brands looking
to make their stores more exclusive shopify announced this wednesday i love this video they
made in this tweet token gated experiences ready to give super powers to your most loyal fans build
an even stronger community around your brand and reward your people by unlocking exclusive shopping
experiences think limited edition merch drops discounts and much more oh hey doodles watch this
invite your community into a world that recognizes and rewards loyalty
token holders connect a crypto wallet to unlock exclusive shopping experiences
from early access to drops and limited collections to one-of-a-kind experiences and other surprises
start token gating on your shopify store and unlock the power of your brand's community
in other news big upgrade for ethereum's mainnet coming up this wednesday ethereum is to undergo
gray glacier update this is what you need to know if you hold ethereum next wednesday
june 29th the ethereum network will undergo a scheduled upgrade called gray glacier at block
15 million 50 000. the gray glacier upgrade is prolonging the difficulty bomb by 700 000 blocks
equivalent to about 100 days starting wednesday the difficulty bomb is to disincentivize miners
to stop mining on the current network eat proof of work after a successful transition to eat proof
of stake so this is congruent and synonymous with eth becoming proof of stake tim baiko a
core ethereum developer says that this will be the last prolongment to the difficulty bomb implying
eath 2.0 eat proof of stake is a few months away from launch he added that this upgrade will keep
scammers off the network because it will require decent technical knowledge if you hold ethereum
no action is needed for you for the users or the holders unless stated by your respective exchanges
or wallet service providers probably not to be compatible with the glacier gray glacier upgrade
node operators need to update the client version they run to one of the ones listed here so proof
of stake is coming bull market bear market this will be one of the biggest things to ever
happen to crypto in other news maybe you heard i think this is a big deal perhaps the best soccer
player or a football player in the world ronaldo and binance the biggest exchange in the world
announced a multi-year nft partnership cristiano ronaldo is one of the biggest football players
in the world and he has millions and millions tens of millions of fans around the world and
he is promoting nft's crypto i'm delighted to announce my partnership with binance together
we are going to change nft game and take football to the next level and this is just the beginning
in other news a string of 200 sleeping bitcoins from 2010 somebody who mined
200 bitcoins they've just been sleeping this is worth 4.27 million moved on friday
indicating this is not a dead wallet this is somebody who has been hodling
is this a bad thing no it's not this is just how the bitcoin network works this guy took the risk
early and he held i can't believe he held or he found his keys whatever it is it paid off
and this is how bitcoin's genie coefficient the distribution of bitcoin becomes better over time
he sells something buys a house or whatever and then people buying into bitcoin at these levels
will have more bitcoin than maybe in several years from now if you are a bitcoin believer like me
this is just par for the course don't worry but i did want to alert you this is what's going on
if you use coinbase if you use coinbase pro like i do which is the more trader friendly the more
advanced version of coinbase it's the exact same login coinbase is actually phasing out its trader
friendly pro exchange coinbase pro is going away the standalone service will be replaced by
advanced trade a feature within the main coinbase app i believe if you use coinbase you don't have
to do anything i did want to alert you of this though ebay snaps up nft marketplace
known origin one of the first nft marketplaces known origin has generated almost 8 million
since launching in 2018 ebay wants into nfts ebay once into crypto university of cincinnati one of
the many collegiate institutions adding crypto courses to curriculum as well as launching two
new crypto programs the ohio based university will add a lab space dedicated to cryptocurrency
partnerships pretty cool my name is aaron at altcoin daily appreciate you for being on our
team subscribe to the channel hit the thumbs up button if you got value i'll see you tomorrow