 Welcome back ladies and gentlemen welcome to another Exclusive Bitcoin daily Q&A with you guys our followers. I am Bitcoin J and today We're doing exactly what we just said. We're doing a Q&A yesterday. We posted up We told you guys that if you guys wanted to be featured in today's video Drop some questions and we would answer some of them So we picked out we had the team pick out some questions and that's what I'm gonna do today We're gonna go over what you guys asked We're gonna shout you guys out and answer these questions man as best to the best of my ability You know, I don't got all the answers, but you know, I can answer some stuff And if I don't know up then you know, I'll just make something up Anyways, y'all won't know any different stuff. I'm just playing. Hi, man. Let's just jump right into it I'm excited today, man. I just drank some coffee. So I'm ready to go. All right, so Ben Robinson 217 he asked well, let's first first say what's up to Ben Ben. We appreciate you man I see you taking that selfie in the looks like a bathroom mirror there with a nice little fade Okay, I see you boy. I see you Hi, he had Ben says How do I make my Bitcoin my own? I currently have it held in Coinbase If you have it held in Coinbase and then that means that you have it in a Coinbase wallet So it's already your own you already own that that Bitcoin Make sure my mic's not muted. Okay. And now I would have to start over so Yeah, it's already your own man You know now it's up to you if you want to keep it in your Coinbase wallet or if you want to you know use Wallet that's offline You know a hard wallet It's up to you, man But the Bitcoin is already your own. All right, so because you it is in your private wallet on Coinbase Okay, so appreciate you Ben Next question. Let's see what we got gasper Kozans or Kozans. I don't know Um Like a like a gasper right here looks like his wife or girlfriend over here. Okay. Thank you for the question We appreciate you So he asked what do you think about Tesla? Oh man Tesla? I love Tesla, man Tesla's made me a lot of money to be honest with you, man Tesla the last Year. Yeah, this year Made me a lot of money So I got to say that I love Tesla However, it is in a correction right now, which I mean was expected, right? Tesla went Fucking insane. Let's let's see if we can like pull it up here real quick You guys see this? Yep. Okay So yeah, so we're looking here on the daily chart as you guys can see like Tesla just like took off man It took off dude and when The split happened, I think the price was around 440 ish And it just took off to 500 as you see 500 Remember what we in a previous video yesterday when when we spoke about supporting resistance levels and the psychological resistance round numbers all that 500 is one of those numbers. So this is where everybody looks like everybody took profit. Boom is shot Tesla way down here Um Which is right here. It was a resistance. So 340 area. See how it was a previous previously a resistance zone back here Look at this. This is marked from the past. This is where I had put a buy zone So this was like the 200 180 to $200 range was my buy zone where I entered Tesla Originally back back in the days when I say back in the days was like a few months ago Um, but uh, but yeah, man, so it's at like 340 which was a previous Wait, let me see. Where was it? Yeah, so 340 ish which is this right here if you look back. This was a previous Resistance which after the breakout is where it took off and looks like we Tested this yesterday and bounced right off of it So and today we had a small little gap up here Or was that yesterday? Yeah, so we had some sort of little gap up there But yeah, currently we're at it's trading at 382 it'll it'll it'll be fine, man I'm still in this long term It'll definitely get back up to 500. I believe At 500 you should definitely be taking profits though because you don't know what's gonna happen there if it breaks out above that though It could keep going But safe to the safest place to take profits as it gets close to 500 Then enter like a breakout like above 505 or something, you know, above somewhere above 500 enter If you want to enter above 500 there's a breakout then you can enter again But yeah, you should definitely be taking profits here. You see this line right here. This is like the three 387 so that's a resistance there. See it was resistance back here So Above this I guess so if you want to enter today It would be above the high of the day, which is 400 so above 400 is a breakout entry And then your targets are basically is gonna be even numbers 420 440 450 460 and then 500 the major resistance up here But yeah, man, that's that's what I think about Tesla. Thank you for the question Gasper appreciate you man Next David Smith 1525 Look at David here with his baby and his backpack. He's just carrying him around like it's all good I don't know. What what are you doing? I see is that snow? I'm not sure man But he got a he got his baby in his backpacks It looks like he's having a great time great old time over there David appreciate your question, man Favorite out coin for the long term Honestly man, like I know this is probably gonna be a disappointing answer because people want me to say like some something that's super popular or Like not popular but something that's like being hyped right now or something, you know, whatever the new trend is But uh, man, I like to stick to my guns I've always said this I stick to the gun to my guns. So I stick to stuff to the next biggest, you know Coin man, and which is Ethereum, I know that's not the sexy answer, but that's my answer, man Ethereum is a great investment at 368. It's gonna you guys know that it was those around 450 before Look at this. It was around 480. It hit almost 500 We are if you guys saw the review from yesterday, we are in a currently in a bear flag But I mean we could break out of this and just return back to these highs You know, I'm invested in a theorem long term on this dip. I'm buying more if it dips more I'm buying more So this is a time to buy when there's dips not when there's highs But yeah, man with the whole Defy movement and all that defy, you know It is a great investment. I'm big on Ethereum So that is my favorite out coin long term for sure. It's going to Go over a thousand again like it did before in 2017-18 All right, David. Thank you, man. Appreciate the question. Let me make sure everything's still good on over here All right next question. Oh man. Oh man, you guys tested me with these names All right, let me See if I can say this Mama mama mama mama mama Muhammad Is this is this short for Muhammad? It might be short for Muhammad, right? I don't know Either Muhammad or Muhammad Muhammad Not Jareen Not Jareen not Jareen one of those right hopefully I didn't butcher it too bad You have a nice some nice doors there man with nice little art deco style colors over here, okay? Muhammad or Muhammad So he says how much you think BTC will be on the next halving man the next halving is About four years away my dude. I Can't tell you that man because if I if I said something it's gonna be I'm gonna just be making up a number in my head Out of thin air, you know, and it's gonna be based on really nothing So I definitely do expect Bitcoin to go up over the next few years I I can't predict the price Hopefully we're over that 20k barrier though. That's what I'm hoping for appreciate your question, man Next one Absolutely loving it. He says he has a Winnie the Pooh here sleepy Winnie the Pooh Okay, that's old school right there So I know you got to be at least over 30 if you got some Winnie the Pooh or you got kids I don't know but I don't think kids nowadays watching Winnie the Pooh All right, anyways thoughts predictions on Neil All right, so a Neil man. I've been in Neil Since I can't remember since before it was Neil. I Don't remember what it was called before it had some other name and I remember I Traded it. I used to trade it a lot and it actually went up really high But right now as you can see It is a very low price point It went up to its high $22 $23 looks like I got rejected up here Yeah, that $20 range and Then we dropped now with the Bitcoin drop, you know, everything's kind of correlated with Bitcoin So we're showing a little a small little bear flag here, which is down. Boom a little triangle there We have we have this moving day average here with this is a 20-day moving average. Excuse me guys 20-day moving average is playing resistance right now Then we also have the 1850 number. That's a that's gonna be a resistance But we do have $18 support probably around here as well as 1750 and 17 so So I mean we need to the whole thing with the out coins right now guys. It's following Bitcoin So it's all going to depend on you know on Bitcoin That's how they're gonna move So if we keep if Bitcoin keeps consolidating it might also keep consolidating it could move higher But if Bitcoin moves lower, it's gonna move lower Bitcoin moves higher. It's probably gonna move higher So right now everything is just following Bitcoin. So that's the main thing you got to watch But I like a theorem overall. I mean not a theorem. Sorry. I already told you I like the theorem I like neo overall good investment It's a cool Yeah, it's it's a cool coin to be in and it's been you know going up From down here the $10 range So yeah, man It's a it's a good buy. I would I would either try to get down to that's 16 to $15 range to enter which is a it's a support down here or I look to enter on a breakout above probably like 18-19 dollars Yeah That's pretty much it for neo guys. Everything else. It's just kind of following it's gonna be correlated with with Bitcoin Appreciate your your question. Absolutely All right, Nick Snyder Okay, Nick Nick seems like a soccer player Nick the soccer player. I see you my guy Nick says why would I use leverage to Bitcoin trade? So? So this goes back to We made a video on using leverage and how to use leverage and why you would use leverage So I would I would recommend you checking out our channel look for that video Basically leverage is You're using less you're risking less money to trade more money if that makes sense So your profits are gonna be higher And you don't you don't need to put that money up front So it's like if if you're buying in a house a house that's a hundred thousand dollars, right? Let's say you have a hundred thousand dollars and the house costs a hundred thousand dollars now You could either a use the hundred thousand dollars and just buy the house up front and that's it You're done. You know you have a house or you can leverage your hundred thousand dollars by using a bank to Give you the majority of the hundred thousand so kind of like getting a loan So let's say you take that same hundred thousand dollars and instead of just buying the house that one house with a hundred thousand dollars You're gonna split it into four So you use twenty five thousand dollars as a down payment for that hundred thousand dollar house and the bank pays 75,000 right they give you 75 so you have that one house and I still have seventy five thousand So you could now do the same thing three more times you could buy in total four different houses You all you're doing is putting up twenty five thousand dollar down payments on the house, which is twenty five percent And you're getting you're getting to own each house Because the bank is covering the rest now of course you have to pay the bank back But what what you don't pay the bank back on is if the house if the value of the house goes from a hundred thousand dollars To a hundred and fifty thousand dollars You just made the fifty thousand dollars profit because now the value of the house is one hundred and fifty thousand dollars But you only owe the bank seventy five thousand dollars. You know what I'm saying so now you know you basically Double your money there So that's why you use leverage and if that happens to every single house for to the four houses that you bought That's fifty a hundred a hundred one fifty two hundred. You just made two hundred and fifty thousand dollars and you owe Lesson that you owe seventy five per house. You know, I mean you made fifty thousand dollars profit per house And you only owe seventy five per house So that's why you use leverage because the same idea goes into trading Trading with leverage. I I want to trade Bitcoin But I don't want to have to put up a full Bitcoin if I want to buy a full Bitcoin I rather just use You know a small part of my capital To buy that one Bitcoin and I'll use another small part to buy a second Bitcoin and so forth so now the price of Bitcoin if I pay twenty five percent of of a Bitcoin, so let's say a Bitcoin's at ten thousand flat and I buy it. I put twenty five hundred. I Put twenty five hundred. I enter a long trade, right? But I only put twenty five hundred down on my own from my own now When Bitcoin goes up to eleven thousand, I made a thousand dollars profit only even though I only put in twenty five hundred So now once I sell an entire position now, I'm at thirty five hundred. Does that make sense? Hopefully that makes sense for you guys. I try to explain it as simple as possible with us with a pretty straightforward analogy But thank you for your question Nick I hope that made sense if you have any questions about it Just let me know and also watch the video that we made on using leverage Next is burns 1327 Burn is a karate master. He is a black belt It looks like with a lot of stripes on it. So that might be like a double red dragon belt or something I don't know, but Is that it might be I don't know that's karate might be jiu-jitsu or something. I'm not sure I can't I can't tell what that says in the back But careful because if y'all try to hack anybody burns I'm gonna send burns on you guys and he is gonna kick your ass. So don't mess with me guys Burn says if I if I was a first-time investor to crypto Would you suggest Bitcoin or Ethereum? So if you're if you're first entering the market I would definitely I always recommend Bitcoin as your first one since it's the main Pog on in this thing. It's the main Asset behind, you know in this industry in this space, right? So I definitely recommend building your the foundation of your crypto portfolio around Bitcoin and then After you know, you have between 30 to 50 percent of your crypto portfolio in Bitcoin Then you can go out into into out coins like Ethereum Because I do believe a theorem also can is a great investment as well So so I would do that I would I would try to put my portfolio 30 to 50 percent into Bitcoin and then go out into Ethereum or and into whatever else you you're interested in So thank you for the question burns. I hope I was able to answer it And you know if you have any other questions, though, leave it and even in the comment man And I'll and I'll answer Ferrer ferrer ferrer Thomas ferrer Tomas ferrer Tomas I don't know how to say that that first part ferrer ferrer ferrer ferrer Tomas. I'm not sure But Tomas is over here. I'm not sure which one you are either one in the hoodie or the one With something in your mouth can't tell what you got in your mouth there, but anyways opinion on ETH on Ethereum So I kind of went over this already if on Ethereum we spoke about it you know It's currently a in a kind of a bear flag Pattern right now, but it's attempting to break out of it. So So it's a good investment. This is a good dip to buy But like it like I said, don't just put don't don't invest in a lump sum just average yourself in So this is a good time to buy put buy a little bit of your position there Then if it goes lower you buy a little bit more if it goes lower by a little bit more because eventually it's gonna go back up So you just want to average your your buys in there, but but yeah, man. Ethereum. It is a good Investment I I like Ethereum. Thank you for your question, Thomas Um lazy freak lazy freak We we actually you were in last week's uh, you're a feature in the last week's video Over here with his freak It says how the daily trade when you don't know where the market is heading So, um, I mean nobody ever knows what where the market is heading You know, you just have to be you have to create a plan and just follow your plan So and you have to be prepared for any scenario So you have to know what to do in your plan. You have to know what to do if it goes Against you or if it goes for you. So you want to have a plan in both directions So you want to know if it's going against you you want to know exactly where you're gonna stop out and and when you're cutting your losses And if it's going for you, you know exactly where you're gonna be taking profits So so yeah, it's it's nobody's ever really knows where the market's going if anyone tells you they know where the market's going they're lying It's just if you're trading You need to have a plan that's what it all comes down to and then you need to stick to your plan That's usually the hardest that is the most difficult part for people to stick to the plan And that all has to do with discipline and that's something that you learn through experience But yeah, that's what I that's what I would say. You just got to create your plan and you got to stick to your plan man and have Have a plan for both scenarios regardless which way it goes Thank you for your question again lazy freak man. Appreciate you Vlad Vlad Apostle Vlad Apostle VLAD Apostle. I know I see you in the comments section a lot man. I appreciate you We all we always love to have to see the same people over and over in our comments that shows a great support man It keeps us going Vlad look look at this. Let's do man. You are one handsome guy, bro in your suit and stuff. Okay. I see you Vlad says the video about bitmex on how to trade was very helpful. Are you going to make one for by bit, too? Yes, we're definitely working on a by bit tutorial So we will be showing you the whole process of how to make a deposit and How to trade on it and all of that fun stuff? We will have that soon Because we have been switching over to by bit for trading with leverage Because bitmex is now requiring a KYC so we will no longer be able to use a VPN to use bitmex So we are switching over to by bit. All right. Thank you Vlad for your question. Thank you for your support, man I appreciate you. All right. Let's go to the next one Ragi Ragi Ragi Ragi Ragi Ragi Ragi I try to say the names in different different ways to see which one makes sense in my head But Ragi Horner Thank you so much for your question You look like if this is you you look like you're a trader because I see all these All these charts back here. What are you doing there? What do you do Ragi? She says what are the Chances of Bitcoin crossing $12,000 this year, okay So the chances of it so we've gone to 12,000 twice now In the last in the last year we did it last year and then we're at it again this year I Mean we just we have to break out through it like like we've been rejected so many times at 12k now It's a very very strong resistance. You can see here one two got rejected here three three four five So we've been rejected a lot So this has become a very very strong resistance And as you see here if you look back to last year, we had the same thing So I mean, I don't know what the chances are. I wish I had an answer for that but You know, we just we got to get back up there. We have to we need we need enough Volume bullish volume to get past that and then we just sustain that But the thing is right now. There's a lot of sellers at 12k and there's a lot of sell orders there People are just kind of waiting there now because a lot of people probably bought around here at the 12k range and beyond So there's a lot of bag holders right now at 12k so we're just gonna need people to believe and to not sell when they get to 12k And for more people to buy So that we could break through so I mean, I don't know what the chances are But we still got a few months in the year We might be able to do it. Let's see what happens. Thank you again for your question, man. I appreciate it Um sky lark 12 point two eight All right sky lark look at sky lark over here Taking some modeling photos. Okay. I see this poles. He got some nice white tight white tight pants on Black shirt some sort of black shirt there looking like a model. I see you. Okay sky lark says Best site to invest Bitcoin. So this all depends on Where you're located what country you're in Different countries have different laws. They have different apps. You can use different places you can buy So it all it all depends since I'm only in the US I can only tell you from my point of view from my perspective and my experience There's a lot of apps where you can for us in the US where we can buy Bitcoin. So we use like a coin base. There's Gemini there's cash app What else There's a what's it called Robin Hood But Robin Hood it is not you're not really you don't really own the Bitcoin if you buy it there Yeah, there's a there's a lot of ways to buy it. There's also ATMs if you have ATMs in your country There's a website called Bitcoin Locals or something like that Bitcoin local bitcoins something like that where you can buy Just Google that I think it's called local bitcoins or local Bitcoin locals Something like that. I do recommend you watching our video On the top 10 Bitcoin questions because we go over all of those so that's a previous video We did about a week or two ago. It's called top 10 Bitcoin questions answered and we give a more in-depth answer there So I recommend you watching that Skylark. Thank you for your question man. Appreciate it Pablo Escobar, I mean Pablo plus plus poll Pablo bless vote bless poll Pablo bless poll Pablo my bad if I bitch butchered that uh last name. I'm gonna just call you Pablo Escobar Just way easier for me to say and it sounds way cooler Pablo what in the world are you even doing man? You're looking like is this Argentina? This looks like a Argentina flag. It's at least Argentina colors You're standing on top of I don't know what it looks like you're standing on top of the world my guy Damn take me with you, dude. Um, he says Pablo Escobar says which is the best platform for trading online Again, this this all goes down to you know depends where you are depends What you're trying to do? It's all situational. So for me personally I use a buy bit I have a link below if you guys want to sign up for buy bit They offer I think they give you like a hundred like I think they have like a fifty dollars or sixty something like that deposit bonus if you guys deposit a certain amount of Bitcoin To start trading And I use buy bit because I like to trade with leverage like like I said earlier in the video But there's a lot of different exchanges. I recommend you watching the same video I just said top 10 Bitcoin questions answered I talk more in-depth about different trading exchanges and which ones what options you have So thank you Pablo Escobar appreciate you man. Thank you for the question Santano Sate or Satan you? San tan Santano Chack Roborty. Oh my goodness, bro. What what I can't say this Santano shock shock Roborty Santano Look at Santano over here looking you also bring you guys all looking like models man I don't have no modeling pictures like this, bro. You guys are like so serious and like professional looking high quality photos I didn't know I had so many good-looking followers man He says best trick for short-term profits and leverage trading. There's really no tricks man. Just make your plan I I use for me. I use price action and supporting resistance Make a plan stick to the plan and just be disciplined and and just keep doing that look for an edge and And and keep using that edge to you know, it's a long-term place So it's okay if if you lose a few trades in a week or whatever Don't worry about the small losses you want small losses because eventually one of those are gonna hit as gonna be a big win Which covers all those small losses? So don't worry about the small losses man. I just keep taking them and One of them are gonna hit just make your plan stick to your plan. That's that's the best thing I could tell you. Thank you. Sant Sant and set Santana. I bro. I have such a hard time saying your name Sorry if I butchered it man Next one Milad Milad Muhammad Milad Muhammad II Milad Muhammad II Milad Muhammad II. I think that's what it says Look at my Ladi you where are you man with these cool sunglasses? I can't tell where you are dude But that looks like a cool spot He says what is the best indicator for? Technical analysis in your point of view and how do you check its signals? validity Again, this is a question that would take ample time to go over to answer But there to answer it as quickly as possible. There is no best technique technical indicator for technical analysis There's no such thing You know, you'll never find a best technical indicator most indicators just tell you what's going what's happened in the past And and what's currently happening in the moment? So the best indicator to know what's happening in the moment Is price action, which is just looking at the price what the price is doing looking at candles reading the candles St. Looking for patterns That's that's the one I prefer to use and then you and then use some support and resistance Levels to help you get an edge on where to where to enter and exit your trades Use moving averages for the same thing You can use RSI for momentum to see where them which which way the momentum is the MACD There's a lot of different things you can use man, but but yeah, the best thing is price action man That's that's Best thing I could tell you no indicators. It will ever tell you the future It's it's all it all tells you the past So there's no best indicator. It's just you know your preference personal preference on how you like to trade And what works best for you? All right, so many different traders trade many different ways guys Thank you for your question though, man. Milad Oh Ju-oh Ju-coo-oh Ju-coo Frank. All right. I'm gonna just call you Frank bro. Oh Frank Frank is out here Living it up. I see you over here chilling. You look like you're chilling man. Okay He says how can how I can analyze chart and make $10 weekly? So $10 weekly, I mean, it's not a hard thing to do Um, but I would say if you want to learn how to analyze the chart watch our Tutorials our trading tutorials We have a playlist where we have posted all our trading tutorials I would recommend watching that that'll help you learn how to analyze charts how to do a top-down Alanis is how to look for entries how to set up your trade plan and all of that man So that's what I would recommend for you dude. Thank you Frank man. Appreciate the question I'm trying to move it faster man because we're 30 minutes in dude I know you guys don't like these super long videos, but we have a lot of questions Dave Francis 5277 says It's out here Nice beard. Is that a beard you got there? Yeah, nice beard dude some cool glasses with his girl Parted hair style. Okay. He says how do you get into your trading group or telegram group? It's very simple man on Bitcoin dot daily on Instagram. We have a Link that you can click and you can sign up once you sign up You'll get an email once you get the email It'll have a activation code with a link to enter the group. You just enter the group We have a bot in the group. You send the activation code to the bot. Boom. You're done. It's all done So it's very simple very easy to get into the group Also in this video in the description. We have a link that you can join the group as well. Thank you for your question Dave appreciate you All right, Allah Ibn adj adj. I don't know. I'm gonna just call you Allah Allah is over here With some hearts over here nice glasses looking all pretty. I see you looking good looking good All right, Allah says any thoughts about sxp I'm drawing I bought way too early. I'm get I'm guessing you meant to say I'm drowning. Maybe I don't know But sxp. Let's take a look at it Let's see Sxp Just gonna look at this one so So you see the thing with these here that I don't like There's no history, you know what I mean, so I really can't tell you Where to look to enter because there's no history now from the very limited history that I have I can tell you that the dollar 50 area is a decent area the dollar 60 looks like dollar 60 and dollar 50 is a good Support here. So if you notice this right here, right? I mean look here. It's bouncing off there. So it looks like it's Respecting these levels So this might be a good entry for this now at a dollar sixty dollar, you know under two dollars Because we could bounce back up and it could continue up, you know where it was going So yeah, so whenever you see something like this man, do not buy this this right here Do not buy because this is usually what follows. So you usually want to wait for this dip To buy so what I would have done if I was looking to buy I would have waited on this dip Once I saw consolidation or once I saw a dip then I would have probably bought then if it would have continued down I would have stopped out there So I would have had a very minimal lost But yeah, I would hold on for now if you're still in it I don't know what you bought, but if you're still in it right now you're at the support So as long as the support holds you're fine If you drop under 150 then I'd start thinking about getting out But guys it's all goes right back to what I always tell you guys have a plan anytime you answer a trade You need a plan and guess what guys that is it that is all we are done Guys we answered all the questions 36 37 minutes. Oh man. I can't I can tell you I am tired. That was a lot of questions I think we did 18 questions So let's do the question a day. I didn't do one yesterday. Let's jump into one now question of the day Remember guys every video we will have a random question about something in the video The question will always be in a random area of the video find the question and find the answer Post your answer in the comments for a chance to win a three month membership to our trading room Winners will be picked randomly once the video receives over 30 likes Good luck guys. We need to hit over 30 likes if we don't hit over 30 likes I can't do the part. I can't do a giveaway. So make sure to smash Smash that trade button guys. Let's get up there. All right, so let's jump to the question of the day and There's no question guys I'm gonna think of one right now What do we talk about let's look at the questions you guys ask All right, I got one What is my Favorite out coin for long term and why That's it question of the day guys Answer it put your comment leave your comment below Make sure to like the video because we need 30 likes so make sure to like it make sure you're following us make sure to share our video and That's basically it guys. I'm not gonna take up any more of your time Thank you guys for sending in all the questions. We are out of here. Peace and love