 Welcome to Jalassette News to get top stories in Cryptocurrency Jalassets and breaking out of bite-sized pieces. Today I want to talk about not what's going on in the news because the whole news is what is going on with the market and I actually this is something that I said yesterday in my video where everybody was on euphoria a nice little cloud nine because they were talking about everything's gonna go to the moon this is the film fantastic thing I said you know what usually when this happens when things are going in a certain direction it's best just to pull back and just take a real deep look at what exactly is going on. Also I want to take a look at the comparisons of 2017 bull run and the corrections that they had along the way as opposed to this 2021 bull run and how institutions may or may not be playing into that factor and then finally I want to talk to you about the most ridiculous price prediction I've seen on the internet to date and how you really need to really wise up to what is going on around you. Anyhow so we'll get into all that stuff but first I want to talk to you about what's going on in the market. So I had a really good message from somebody on Twitter and they said hey Rob I just want to say thanks for all your memes which I don't like that names but I know he's talking about because he says when you talk about yeah traditional markets a 20 drop is you know devastating but in cryptocurrency we call that a Tuesday and that is exactly what is going on today. So if you are new to this space first of all welcome I envy you you are in the right place at the right time this probably doesn't seem like it right now but just it's like it's like weather in Texas if you don't like the weather just hang around for a couple hours it'll change and it's the same thing with cryptocurrency as your last set so let's take a look what's going on. First of all it is jesus what time is it? January 11th at 9 20 a.m. El Paso Texas time and here's what we have what is going on. So bitcoin a little bit of a tumble 20 percent down and now it is at 31,000. If you remember we were hitting major highs of 40,000 41,000 almost and it seems like there was no end in sight and right now if you're new to it or you just got in recently you're probably hating me because I don't really seem that concerned and this was the exact things that I thought about in 2017 actually 2018 when I would watch people on YouTube and I'd be like who is this jerk who's like thinking this is like no big deal this is crazy we just lost like you know 60% actually I was thinking this as it started to roll up to in 2017 and I'm going to show you something which is going to put this on the perspective and it's not going to make much sense now if you're new but just trust me when you're here it will make sense so I don't know if this is actually going to be able to play for volume I'm going to try but this is exactly what it really is that's me well not really me that's a much more handsome version of me and this is a 2017 buyers that is essentially what I am and what we have here is essentially 2021 2013 and then s coin holders let me turn this up hope you can hear that first time but you see that guy right here this guy right here the 2013 top buyers I don't think you can see my mouse right to the left of James Frank James Franco there excuse me that essentially all the people it is like I don't like here because I bought it so low and then me and the people who came in 2017 were like I don't care because you know we bought it or whatever we bought it and if now if you bought it 2017 at the at the all-time high and then you came back in 2021 and bought it all-time high well maybe you should watch this channel or some other channels a little bit more because you know it's not the way to go I have been dollar cost averaging for the last three years four years to get into this position where I am in right now and it sucks and it's just it's very boring and nobody believes in you and that's okay because you got to believe in what you're doing because everything goes in these four-year cycles like we talk about it always goes and hopefully it continues this way that we will have a halving which happened 2012 halving 2013 all-time high 2014 dip 2015 reset 2016 we had a halving 2017 all-time high 2018 we had a major dip in 2019 we had a reset 2020 we had a halving 2021 will be our all-time highs 2022 I believe will be a major dip 2023 will be a reset 2024 it'll start all over again so I'll be here for the long haul I'll be here for this bull run for the dip and I'll be here to educate all the new people that that come in for 2025 and beyond and that is what I've chosen to do hopefully I've helped some people out and that is what is really going on so that is just one aspect so let's move on and this is something that I said yesterday in the video I'm going to splice that in right here because I don't think I can I can do it the way I'm recording right now but basically everybody was so happy about yesterday and as well they should be it was a great time right everything's going great whatever else but as time has gone on I've just learned that when everybody's going when what when the hurt is going in this in this direction and there's like a critical mass everybody going you got to really just just step back and go what the heck what the heck is really going on here because it isn't we can't all go this way somebody's going to do something to to divert I think that's what what is going on here so there's always going to be a correction there's always going to be people taking profits and that's okay I mean if they want to take profits and traders and people are getting liquidated and whatnot sure that's just how it goes but you have to understand that when everything is such at this like a euphoric moment just take a step back and go is this really where we are all really going or am I being led by the hand down a dangerous path not that it's going to be that awful I mean look we're going to have a correction this is going to rectify itself and then before you know we'll be all the way back to all time highs and so let me just splice in that video right here and then we'll go on to the next piece because you have to understand as more institutions come in that means that it's institutional traditional market money and what is a hundred percent liquid all the time cryptocurrency is the last at markets the other markets they shut down cryptocurrency never does shut down so when people say oh there's a there's a decoupling yeah kind of but not really because there's more institutions come in they put more money into it at some point they'll be like and especially if the stock market starts to go down the tubes like people are predicting at some point but they've been doing that forever so who knows if that keeps happening you you have to understand these traditional market players that are just like the hedge funds the ones that are just like institutional investors not not like not like the big guys like micro strategy but all the one all the ones that are getting in they're gonna start selling and they're gonna start selling in mass because they need to cover some losses and this is exactly what mike talks about he says if the speculative bubble bursts bitcoin will go down for a while there's just too much correlation between people with risk assets if you've made a ton of money here and you're losing a ton of money here at one point you're going to take some profits where you've made money and so if the s&p was down 20 in the next three days bitcoin will be lower not higher so i know people think oh no you know it's a great asset and it's it's schmuck insurance like uh schmott palla hepatitis says that's true but you have to understand the people will still not see it that way and i was actually talking to alex alex massiole over the alex massiole and he's the the head of institutional service at bequan he talks with billion dollar hedge funds all day every day and what he told me made me realize that there aren't as many steady hands as you would like to think out there and i will let him explain it in his next video i don't want to take the thunder but it made me really start to be a little bit more pessimistic at what's going on now i'm not saying that bitcoin is not going to be great and the cryptocurrency is going to be great in two three five ten twenty years that's what i'm saying i'm saying in the near term expect major volatility and that's just the way it is and especially what he told me about his institutional players i gotta tell you these the more that i get into it and people talk about smart money it's not smart money there's a bunch of gamblers that's really what it comes down to and we've seen this all we see this all day long right we see we see the micro strategies we see the mass mutuals we see the paul tutor jones we see everybody coming in and we think this is fantastic there's no way that this can actually go down and this one's totally different and maybe everybody's right but am i the only naysayer out there that like you know what i don't trust everybody i don't trust everybody when everything's going in one direction are you trying to screw me over are things really i i sometimes i just don't think that that everything is just sugarland and rambos and and magical gum drops i i always have to be a little bit cautious because not just from what happened in 2017 you have to understand that i mean i made businesses i've done pretty decent we'll say but i've also had some big failures and i've learned from those failures and one of those things that i've learned is to be cautious and to minimize what is going on around you as far as a volatility and to minimize risk okay so i splice it in and here's what it all comes down to yeah like i talked about it's all going to correct itself it's okay it's going to keep going up so let's take a look this was a great tweet i found from vj boyapati and he says in the 2017 bitcoin bull market whoops hold on let me do a close-up here that would probably be better he says in the 2017 bitcoin bull market corrections found demand after drops from 30 to 40 percent 30 to 40 percent 2017 bull run that's pretty amazing right and so i just want to remember this if you're new in the traditional market anything above a 10 drop is like earth shattering you know and for crypto you know we call that a monday morning not a big deal that's just how it is because i really do think that if you ever wanted to do trading in the traditional market everybody should just start here crypto currencies and digital assets because if you can make it here you can make it anywhere it's like new york uh because if you can stomach 40 percent dips then a 5 drop over there you'd be like what are you guys all crying about don't be a bunch of babies this is nothing over in crypto and we do this every day so that would be a great trading ground training ground but this from vj he compares 2017 to 2020 says in the current bull market demand seems to appear after corrections between 15 to 20 percent this is probably indicative of a difference in buyer's retail versus institutional today so i need to blow this up and this was 2017 so we're going from actually 2016 2017 so here's 2017 right here then we would go up and we'd have these big dips 33% we'd go up and we have like a 38% dip up 36 up down up down up down seesaw right big dips and i remember these things and uh scare the hell out of me now i'm like whatever so that's what we have for 2017 now let's take a look at what's going on in the current so we're on 2021 and this is what people were talking about and i was always i'm a little i'm still spec concerned about it it's speculative we'll see when i see these types of ranges because people always say well no no don't worry because the institutions are here and they are going to you know totally stabilize the markets and there's not going to be these big wild dips like before so i mean yes and no i mean we're not going to have 30% dips but we still get like 20 25% dips so i guess you know hey 10% less that's pretty good i suppose and uh this is exactly what he was drawing so here we are in december we've had you know a little bit so really it comes down to right here uh the 14th and we're going up up up a little dip up up up a little dip dip and then here we had a dip at 20% and then come over here when we had 40 000 now we're hit another 18 to 20% and who knows where it's gonna where it's gonna land i tend to think it's gonna be like 20 25% maybe 30% like before and something like no rub you're an idiot because uh all the institutions are here so it doesn't really matter keep your eye on the price because really what it comes down to is this whatever price action happens today you have to be an investor and that's why like i mean if you want to trade that's cool like i done a little treating i'm stuck at it and that's why we do the trinity of trading uh with uh cj from market rebellion and western from ttc because i don't know what the heck i'm doing and uh i'm just dabbling into it and they're teaching me so we do those videos we're probably doing once a week but the bulk the lion's share 95% is me being a investor is just putting money in and then just leaving it and not giving a care in the world because it it'll all work itself out and this actually reminds me of a of uh the warren buffett millionaire bet million dollar bet not if you remember this but around 2009 warren buffett he challenged all the large hedge funds and said hey you guys suck and uh i'm going to bet you a million dollars that if i just put money into the s and p 500 i will beat the pants off you in a decade and nobody took it and the hedge funds were like no no no we pick all these great stocks you know we can we can get you trading we can get you all this stuff and uh so he said sure and one company one big large hedge fund really no hedge fund took him up on it and 2019 2018 2019 summer honor uh they compared it and wore him it wasn't even close warren buffett beats the beat the pants off him and uh they paid a million bucks and of course warren isn't needed but it was a great lesson that's one i will never forget so it's the same it's the same lesson here so you can trade you can do whatever else you want to but just look at the historical data and then go from there it's just i just think it's best to be an investor that's all i've made the most money being investor and doing all the trades and whatever else in the beginning when i started didn't really work out anyhow let me know what you think about that in the comment section i'm sure you'll have some opinions that'd be great and let's move on to our last piece so uh our last piece here this it's just getting crazy it's getting crazy these uh price predictions and uh ah it just seems kind of ridiculous that we have this type of thing let me blow this up actually so you can really see this oh i can see it right there no i gotta i gotta show it to you so this right here my top five out point picks predictions uh moon lambos and such whatever else okay so this was actually from alex maskiole he had lost his mind and uh i want to show you what was said in his video so is any of you a price prediction i'm gonna tell you exactly how wrong he is so uh let's take a listen hopefully you can hear this if not i'll splice it in thought into this took a bunch of those predictions you know in mind and uh looked at some charts some sentiment data and uh i came up with this bitcoin is going to hit 367 192 on june 3rd yep 367 192 on june 3rd second bonus ready for this ethereum this is like one of the greatest money makers of all time i mean percentage you know capital gains wise you guys are screwed if you've had this forever because you're making so much money i wouldn't trade it just hold hodl it because after the prediction i'm about to give you you're not gonna go anywhere you're gonna have that old coin lifestyle ethereum my prediction 126 548 $126 548 and that's happening september 17 folks okay uh alex is lost to the mind so that was actually a parody and it was pretty damn funny if you haven't watched that video i'll link at the very end and really what it comes out of this is that uh no one has a crystal ball no one knows what's gonna what's gonna happen i mean we can take a look at historical data and you know play it from that um and you know even i had pretty crappy prediction when i first started youtube when i actually i put this video where i said xrp was going to like like 500 bucks or something crazy nonsense and of course i was wrong it's why i i i stay away from predictions and uh me and alex were talking about he's like god dang he goes there are so many this is craziness and whatever you want to say about it for the market i mean people did put a lot of money in but uh that's not that's not what i'm here for i mean it is funny everything goes what what i'm here for is to be is to be a boring wet blanket i'm sorry just to say that that's exactly what i am and uh i just try to just bring just rain in i'm like i'm like the opposite side uh sometimes and just a little bit more of a reserve voice because you never know what what exactly is going to happen so just play it safe and then you know just take a little bit of advice from me a little advice from somebody else a little advice here and there and whatever else i mean i can't give you a financial advice but just like the philosophy you know just go from that and uh i am i did my my 2021 price predictions and um everybody's like you're dumb uh those are so low i'm like well i i want to be conservative because i just it's the way i see it if if i tell you that it's going to go like this crazy number whatever else and it might then then you know hey great but if i just say you know be able to conserve this is the most conservative low number i can give you and that's what i did on those price predictions i'll link that at the very end then uh if it if i'm wrong hopefully i'm wrong and it goes way higher i don't think you'll be too ticked off at me like ah rob you're an idiot because it actually 10x instead of uh or it actually uh 50x instead of your 10x great sure whatever i don't care dare to be dumb and that's about it so anyhow thanks so much for watching this this video i'll link alexis thing at the end and that's it so thanks again um and that's it so i appreciate it have a good day bye