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Crypto PANIC Selling!🔥Market Update🚨 · The Paul Barron Crypto Show

0:00
Speaker 1: Panic selling in the market has started, and today will
0:03
Speaker 1: break it down for you. Where is the market going. Well,
0:05
Speaker 1: if you take a look at the charts, things are
0:08
Speaker 1: not looking good for bitcoin right now, as we are
0:10
Speaker 1: trading at eighty six' four at time of filming after
0:14
Speaker 1: several multiple days on a downward, trend and current sentiment
0:19
Speaker 1: right now not looking good On bitcoin or the crypto
0:22
Speaker 1: markets in. General one thing to consider is whether or
0:25
Speaker 1: not we're starting to see a crypto contagion with eth
0:27
Speaker 1: falling below twenty nine. Hundred all, Right so when you
0:30
Speaker 1: look at one other factor that plays into this is
0:32
Speaker 1: the digital asset. Treasuries, this of, course is kind of
0:35
Speaker 1: talking about it right here is where they are. Unwinding
0:39
Speaker 1: many people are kind of pushing back on. That why
0:41
Speaker 1: do these dats need to sell or buyback shares When
0:43
Speaker 1: Michael saylor doesn't have. To he doesn't need to yet
0:46
Speaker 1: if he gets too, bad he will have. To that's
0:48
Speaker 1: the real question that everybody's asking because we are looking
0:51
Speaker 1: at some severe pain within these digital asset. Treasuries one of,
0:55
Speaker 1: course is the Infamous Tom lee starting to take on
0:59
Speaker 1: a certain amount of pain right, there and if this
1:02
Speaker 1: continues for. Ethereum if we do see it continue to
1:05
Speaker 1: push down and we do enter a true bear, market
1:08
Speaker 1: how does this portray on strategy at least for how
1:12
Speaker 1: these dats will start to move. FORWARD i think this
1:14
Speaker 1: is the factor that everybody needs to consider right. NOW
1:17
Speaker 1: i would say, that first of, ALL i don't think they're,
1:20
Speaker 1: ponzis BUT i do think that they need to have
1:22
Speaker 1: a strategy that has something more than just holding an.
1:25
Speaker 1: Asset and everybody's talked about. This we've had several on
1:28
Speaker 1: our show that have talked about, this is that multiple
1:30
Speaker 1: strategies for income producing within these treasury, companies in many
1:34
Speaker 1: cases they don't even call them treasury. Companies those are
1:37
Speaker 1: the ones to be on the lookout if you're going that.
1:39
Speaker 1: Direction other news you had back loans now on coinbase
1:43
Speaker 1: starting to move you can now use your eth as
1:45
Speaker 1: collateral to BAR usdc and a lot of people might be, saying,
1:48
Speaker 1: Well i'm going to wait for ethereum to get into
1:50
Speaker 1: a position where it could, bounce and that is a
1:53
Speaker 1: loan entry. Position if you guys want to do, that of,
1:56
Speaker 1: course you can jump over to coinbase dot. Com sign
1:59
Speaker 1: up there our. Link it's just really. Easy click that
2:02
Speaker 1: down below and let me know what you guys. Think
2:04
Speaker 1: are you doing any kind of crypto loans as the
2:06
Speaker 1: market starts to come, down because this as the market
2:09
Speaker 1: starts to move in a downward, direction is that the
2:12
Speaker 1: time for you to maybe look long term because a
2:15
Speaker 1: lot of people have these horizons that are, three, five
2:19
Speaker 1: seven years. Out do you Think ethereum is going to
2:22
Speaker 1: be up in three? Years do you Think ethereum is
2:24
Speaker 1: going to be up in five? YEARS i think you
2:25
Speaker 1: might agree with.
2:26
Speaker 2: Me.
2:26
Speaker 1: Yes other things that are going on right, NOW i
2:29
Speaker 1: want to go to this headline real quick because this
2:31
Speaker 1: gets into some kind of the macro side of what's
2:34
Speaker 1: going on within the. Administration The Education department is, restructuring
2:38
Speaker 1: but it doesn't involve student, debt and this is a
2:41
Speaker 1: problem because if you look at one of the things
2:43
Speaker 1: that they're focusing on in this, article they're attempting to
2:46
Speaker 1: hollow out THE Us department Of, education and a couple
2:50
Speaker 1: of points within this student loan borrowers have faced even
2:53
Speaker 1: more problems in the private. Market so if they end
2:56
Speaker 1: up taking that student loan debt and doing something in
2:59
Speaker 1: the private, market this could be a big problem going,
3:02
Speaker 1: forward not only for the. Administration BUT i think from
3:04
Speaker 1: an economic, standpoint a big hit overall Because borrows saw
3:09
Speaker 1: their complete debt balloon with no end in sight due
3:13
Speaker 1: to a lot of loan. Mismanagement so not a good
3:16
Speaker 1: sign right now when it comes to student loans and
3:19
Speaker 1: The department Of. Education with that, happening one thing that
3:23
Speaker 1: you kind of have to consider is that what caused
3:26
Speaker 1: THE S andp to take a massive rally Down this
3:29
Speaker 1: two and a half percent in eighty, minutes, guys not
3:33
Speaker 1: normal for THE s AND p five. Hundred if we
3:36
Speaker 1: have that occurring with what's going on in The department
3:38
Speaker 1: Of education and the restructuring of some of these major government,
3:41
Speaker 1: facilities what happens when we start to float around the
3:45
Speaker 1: issue of, healthcare because that's one of the biggest issues
3:47
Speaker 1: THAT i think is facing our administration right. Now and
3:50
Speaker 1: remember that healthcare was kind of dangled out there By
3:53
Speaker 1: Mike johnson during the closure of the government and they
3:57
Speaker 1: still have another closure coming up very soon that's going
4:01
Speaker 1: to have to handle a. Reopening and That republicans were
4:03
Speaker 1: the ones that say we have a, plan or we
4:06
Speaker 1: have the ability to talk about a. PLAN i don't
4:08
Speaker 1: think any of that has actually. Occurred so, again just
4:10
Speaker 1: to kicking the can down the, road this is not
4:13
Speaker 1: bullish for any of the, markets AND i think they're
4:15
Speaker 1: starting to show. That one thing that is bullish, though
4:18
Speaker 1: is in video reports fifty seven billion in. Revenue this
4:21
Speaker 1: is higher than expectations kind of had. It this was
4:23
Speaker 1: a great meme right. There and that's WHAT i feel
4:25
Speaker 1: like is that right Now jensen is definitely protecting the
4:28
Speaker 1: entire economy because it is one that is starting to
4:31
Speaker 1: get a little bit edgy in the overall. Markets big
4:34
Speaker 1: tech firms rise after In vidia's results ease fears of
4:37
Speaker 1: THEIR ai. Bubble AND i don't, know do you guys
4:39
Speaker 1: believe or which side do you fall? On do you
4:42
Speaker 1: fall on THE ai bubble camp that this is, overbought over,
4:45
Speaker 1: sold or do you rely on That, no this is
4:49
Speaker 1: an up only. Trajectory there's a lot of analysts out
4:53
Speaker 1: there right now and a lot of INVESTORS i know
4:55
Speaker 1: that are very very pro. Now granted their time horizon is, three,
4:59
Speaker 1: five seven. Years and if that is the, case if
5:02
Speaker 1: you're thinking whether It's, Alphabet, Amazon, Meta, apple all of
5:06
Speaker 1: those starting to move, up if that's the, case then
5:09
Speaker 1: maybe this is the trade for. You, Guys nvidia earnings
5:13
Speaker 1: takeaways was really a concern because a lot of people
5:16
Speaker 1: were concerned about not only the issue With, china but
5:20
Speaker 1: also this kind of circular motion of where one company
5:25
Speaker 1: gives loans to another to buy their. Product this has
5:28
Speaker 1: been done before in, industry but it's kind of interesting
5:31
Speaker 1: because it does hit a little bit closer to. Home
5:34
Speaker 1: there's been a lot of talk about the. Bubble wong,
5:36
Speaker 1: said from our, vantage we see something very, different and
5:40
Speaker 1: he should say that this, is of, Course bernstein saying
5:42
Speaker 1: that perhaps THE ai trade is not dead yet other
5:45
Speaker 1: things that are being looked at right. Now the company
5:47
Speaker 1: has orders of five hundred billion IN ai chips for
5:50
Speaker 1: twenty five and, six so, again this may take some
5:53
Speaker 1: time to unwind a lot of these data centers that
5:56
Speaker 1: we're going to continue to contribute to the, economy a
5:59
Speaker 1: lot of these orders that have already been somewhat paid
6:02
Speaker 1: for at least booked in terms of, revenue AND i
6:05
Speaker 1: think this will be the thing to watch as we
6:08
Speaker 1: start to see all of this go into twenty twenty. Six,
6:11
Speaker 1: Now Ray dalio, says maybe there's a different angle on.
6:14
Speaker 1: This listen to this.
6:15
Speaker 3: CLIP i think the real issue is who owns the?
6:20
Speaker 3: Stock is it in strong? Hands not just one? Stock
6:25
Speaker 3: isn't it?
6:26
Speaker 4: Amazing we're talking about one stock for the stock market,
6:29
Speaker 4: bubble and we're talking about for the economy. Bubble so
6:33
Speaker 4: you have such a small percentage of the, economy such
6:37
Speaker 4: a small percentage of The american population in terms of
6:41
Speaker 4: wealth and so, on, concentrated so, concentrated and everybody in,
6:47
Speaker 4: it and in a leveraged, way in various, ways it has.
6:51
Speaker 5: Leveraged what are strong? Hands how would you define?
6:55
Speaker 3: That weekends would be the?
6:57
Speaker 5: Public so retail investors are weekend right strong hands the
7:02
Speaker 5: owners of these companies.
7:03
Speaker 4: The right in other, words strong hands is that they
7:07
Speaker 4: primarily invest their own.
7:09
Speaker 3: Money, there you don't have public.
7:12
Speaker 4: Right the weekends is largely let's, say a leveraged public
7:17
Speaker 4: and all united about.
7:18
Speaker 3: That that's one of the key ingredients of a. Bubble
7:22
Speaker 3: so it's not just.
7:23
Speaker 4: Pricing wealth can't be spent in order to in order
7:28
Speaker 4: to get.
7:29
Speaker 3: Money you have to sell wealth in.
7:32
Speaker 4: Order to get cash to get the money to buy,
7:35
Speaker 4: things and so when that, happens bubbles. Burst so bubble
7:39
Speaker 4: bursting means let's, say a tightening a monetary policy is,
7:43
Speaker 4: classic but also something like wealth taxes can, happen.
7:48
Speaker 1: All, Right So dalio hitting on a few points, THERE
7:50
Speaker 1: i think he is. Right is that With nvidia right,
7:54
Speaker 1: now which is dictating the, market the real question is
7:58
Speaker 1: the stock in the right hands in terms of long
8:01
Speaker 1: term of the Analyst i'm talking, to everybody is still
8:05
Speaker 1: very PRO ai seeing this as a long term, trade
8:08
Speaker 1: AND i think the real question is is what is
8:10
Speaker 1: that Split if we see more retail and we are
8:13
Speaker 1: starting to see a little bit more of a crack
8:15
Speaker 1: in the, economy could we see retail finally in a
8:18
Speaker 1: position where they might, say, hey, Listen i'm gonna unwind this.
8:21
Speaker 1: Trade THAT i think gets into this whole issue around THE,
8:24
Speaker 1: fed because this is another factor that plays into. It
8:27
Speaker 1: here's A bloomberg analysts take a look.
8:29
Speaker 6: That the temporary pullback in stocks is not the bursting
8:32
Speaker 6: of THE ali. Bubble we expect THE ai bubble to
8:34
Speaker 6: inflate significantly further into twenty twenty. Six we don't know
8:37
Speaker 6: the exact timeline of when it's going to, burst but
8:39
Speaker 6: it does not appear we're close to bursting. Yet if
8:43
Speaker 6: we don't get A fed cut In, december is that a?
8:45
Speaker 3: PROBLEM i don't think.
8:46
Speaker 6: It's a, problem first of, all because they Won't they
8:50
Speaker 6: won't cut.
8:52
Speaker 3: Unless you know it's clear to the.
8:53
Speaker 6: Nature i'm not convinced that it's obvious they need to
8:55
Speaker 6: at some. Point, obviously when THE us economy slows down,
8:59
Speaker 6: hard they're going to cut super. AGGRESSIVELY i don't think
9:01
Speaker 6: they need to be going for a preemptive cut, now
9:03
Speaker 6: AND i don't think THE us economy is careening off
9:06
Speaker 6: a cliff edge just, yet so THEREFORE i.
9:08
Speaker 3: Don't think they should be cut and. CUTTING i don't
9:10
Speaker 3: think it's a.
9:10
Speaker 6: Problem one of the things that fueling valuations is that
9:14
Speaker 6: we are always Under trump administration going to get fed
9:18
Speaker 6: policy which is too easy for the economic fundamentals based
9:21
Speaker 6: on orthodox economic, policy and that it helps asset.
9:24
Speaker 3: Prices but THE ai bubble.
9:26
Speaker 6: Is its own theme and it's more, dominant and we're
9:29
Speaker 6: at the inflation stage of incredible kapex, spending which benefits
9:32
Speaker 6: some of the big names out.
9:34
Speaker 1: There all, Right so there you, go. Guys this is
9:37
Speaker 1: getting very dicey BECAUSE i think you look at what
9:40
Speaker 1: THE ai bubble could comprise of is a lot of
9:44
Speaker 1: major companies that apply into this and this EVEN i
9:48
Speaker 1: think bleed over into stocks Like. Tasla, obviously what's happening
9:51
Speaker 1: With meta and of course Even google And alphabet to
9:55
Speaker 1: a certain. Extent the other things you have to kind
9:57
Speaker 1: of consider is how is the economy? Doing are usually
10:00
Speaker 1: the number one indicator for. THAT Us Department later Finally
10:04
Speaker 1: labor finally published Their september jobs, data and this was
10:07
Speaker 1: a little bit surprising because it's up and this uptick
10:10
Speaker 1: of one hundred nineteen thousand non farm payroll, jobs this
10:13
Speaker 1: was adding fifty thousand above, expectations was a good. Indicator
10:18
Speaker 1: the real question is is will this lighten the load
10:20
Speaker 1: for THE fed on them be able to do a
10:23
Speaker 1: cut In, december if in fact that they do do
10:26
Speaker 1: a cut In, December and, THAT i think is the
10:27
Speaker 1: real question that everybody's. Asking i'll show you a poly
10:30
Speaker 1: market on that. Here in a, Second Charlie blello basically
10:33
Speaker 1: said total number of jobs on THE us increased by
10:35
Speaker 1: point eight over the past, year slowest growth since twenty,
10:38
Speaker 1: one but in the past fifty. Years this is the
10:41
Speaker 1: type of weakness in the jobs market that has preceded
10:44
Speaker 1: recessions and a spike in the unemployment rate one hundred
10:48
Speaker 1: percent at the Time this is the problem that we
10:51
Speaker 1: are looking at right, now is unemployment if we continue
10:53
Speaker 1: to see, this because this might be one of those
10:55
Speaker 1: things where you just get a small move and we
10:57
Speaker 1: still have a downward. Trend remember we had not collecting
11:00
Speaker 1: data for almost fifty, days so all of that playing
11:04
Speaker 1: into where we are. NOW i want to go over
11:06
Speaker 1: to another one because this is whether or not we
11:09
Speaker 1: need a rate cut despite this kind of good data
11:13
Speaker 1: coming out of THE. Bls take a.
11:15
Speaker 2: Look is it strong enough that it doesn't need assistance
11:19
Speaker 2: from The? Fed, WELL i think The president has been
11:23
Speaker 2: pretty clear on this. Issue we did see the two rate.
11:26
Speaker 2: CUTS i think The fed does need to go ahead
11:28
Speaker 2: and cut. Again you, know WHEN i travel around the
11:31
Speaker 2: country talking to, businesses WHICH i have hit thirty six
11:34
Speaker 2: out of fifty states on my fifty state tour before
11:37
Speaker 2: you know The democratic shutdown, happened those business owners are
11:40
Speaker 2: wanting to borrow more money at a cheaper rate to
11:43
Speaker 2: invest in their. Workforce that is what they're, asking and
11:46
Speaker 2: SO i think another rate cut is exactly what we
11:49
Speaker 2: need to really grow this. WORKFORCE i, mean we SEE
11:53
Speaker 2: gdp is up four point two. PERCENT i think that
11:56
Speaker 2: that's positive growth and we want to see more private
11:59
Speaker 2: sector jobs to come. Online out of the one hundred
12:02
Speaker 2: and nineteen thousand jobs we, saw ninety seven thousand of
12:05
Speaker 2: those jobs have been in the private, sector which is
12:08
Speaker 2: way different than The biden administration when we saw they
12:10
Speaker 2: were all government. Jobs SO i think we're on the right,
12:12
Speaker 2: track all.
12:13
Speaker 1: RIGHT i think this is a very critical, time. Guys
12:16
Speaker 1: we are dealing with a unique position in a market
12:19
Speaker 1: that has been somewhat depressed, overall inflation continuing to, rise
12:24
Speaker 1: AND i would agree with The department of or The
12:27
Speaker 1: department Of business, there and that is around how businesses
12:30
Speaker 1: are looking at growing and most of them are in
12:33
Speaker 1: most cases looking at try to add. Capital and the
12:35
Speaker 1: way you add capital typically it's taking, loans but you
12:38
Speaker 1: want to do it when loan rates are much. Lower
12:41
Speaker 1: and that's what we're. Seeing it's What i'm seeing out
12:43
Speaker 1: there within a lot of the people that we're having
12:46
Speaker 1: discussions with all the, time is these small businesses want
12:49
Speaker 1: this to be able to, grow and this is a
12:51
Speaker 1: factor that plays out. Here you, go let's take a
12:54
Speaker 1: look At. Polymarket polymarket of course drove way up here
12:58
Speaker 1: to a no change at seventy six percent and then
13:02
Speaker 1: had a bit of a, reversal possibly due to this job's,
13:05
Speaker 1: data maybe down to sixty. Three the real question is
13:09
Speaker 1: is do we get the quarter coming? Up because there's
13:12
Speaker 1: the quarter coming up to thirty six percent after dropping
13:15
Speaker 1: down to twenty. Two so getting very erratic right, now
13:19
Speaker 1: as many of the market makers do not really understand
13:22
Speaker 1: where this is. Going Anthony, pompiano we're in a generational
13:26
Speaker 1: bull market because our central bank and politicians can never
13:29
Speaker 1: stop printing. Money and this is eventually going to be
13:31
Speaker 1: the case again WITH. Qe it is, coming. GUYS fiat
13:36
Speaker 1: is definitely not necessarily the angle. Here you know what
13:39
Speaker 1: to do in terms of how do you protect against?
13:42
Speaker 1: This other points THAT i want to kind of hit
13:44
Speaker 1: on is how does this play out into the retail?
13:48
Speaker 1: Holiday because there's two things that will give the economy
13:52
Speaker 1: at least a feeling as though the market is starting
13:55
Speaker 1: to turn around or at least the inflation numbers and
13:57
Speaker 1: the economy is starting to turn, around and that is
13:59
Speaker 1: the holiday. Period usually it's going to be in retail
14:02
Speaker 1: sales or it's just in consumer. Sentiment take a look
14:05
Speaker 1: at this.
14:05
Speaker 7: Clip, now the do wo have a different expectation Than
14:08
Speaker 7: lawrence about when consumers will shop specifically fifteen times Between
14:14
Speaker 7: november And. January and this is based on a survey
14:17
Speaker 7: That cole's did last year about the average number of
14:20
Speaker 7: store trips that shoppers took during the holiday season trips
14:23
Speaker 7: not just buying, online not just buying on life source on.
14:27
Speaker 5: Average my, guess based on what you just told, us
14:30
Speaker 5: is that this holiday season is going to be a
14:31
Speaker 5: pretty good season for the shoppers because they're not worried about.
14:35
Speaker 5: Inventory they have a lot of, it and they are reading. That,
14:39
Speaker 5: oh shoppers are responding to, bargains which basically means shoppers
14:42
Speaker 5: are training them into putting sales back.
14:45
Speaker 7: On he, said if we were on the same promotion
14:48
Speaker 7: this year that we ran last, year we're getting a
14:50
Speaker 7: higher take. Rate is that maybe they'll run that, promotion
14:53
Speaker 7: but maybe it'll be for four days instead of ten,
14:55
Speaker 7: days or maybe it'll be on a specific item in
14:59
Speaker 7: a brand but not the entire brand.
15:01
Speaker 1: Itself, YEAH i don't know about that data Because I'm
15:06
Speaker 1: i'm talking to a lot of CEOs with national chains
15:09
Speaker 1: and they're telling me that the number of foot traffic
15:13
Speaker 1: visits they're getting is dropped off dramatically over the past ninety,
15:16
Speaker 1: days and this is starting to become a waterfall effect
15:20
Speaker 1: into the end of the. Year is the real. Question
15:22
Speaker 1: if you look at some of the publicly traded restaurant
15:25
Speaker 1: brands and chains out, there you've seen a massive fall
15:27
Speaker 1: off in places Like chipotle and many others as almost
15:31
Speaker 1: looks as bad as the crypto market in terms of
15:33
Speaker 1: how these stocks are. Performing and you look at that,
15:36
Speaker 1: indicator which usually is an indicator to, RETAIL i think
15:40
Speaker 1: retail is going to have to get very aggressive on
15:43
Speaker 1: pricing to be able to lure buyers in and that
15:46
Speaker 1: is going to translate into lower numbers for these publicly traded,
15:50
Speaker 1: companies MEANING q one performance is not going to look
15:54
Speaker 1: good as well AS q four performance in terms of.
15:57
Speaker 1: Profits so be on the lookout for that because, that
15:59
Speaker 1: of course translates to a lot of the investments on
16:01
Speaker 1: the traditional, market which translates into how they play that
16:06
Speaker 1: into risk. Markets bitcoin hits its most bearish levels in
16:09
Speaker 1: the bull cycle and has it, ended, Guys let me
16:13
Speaker 1: know if what you guys. Think treasury companies have basically
16:15
Speaker 1: stopped buying some have actually even sold part of their.
16:19
Speaker 1: Holdings this is something that will be a usually an
16:22
Speaker 1: indicator that we have pretty much hit the end of the.
16:25
Speaker 1: Cycle what would be a catalyst strong enough to accelerate
16:28
Speaker 1: bitcoin in the demand major developments seem off the. Cards
16:31
Speaker 1: you can see this with The Strategic, Reserve Clarity act
16:35
Speaker 1: has been moved. Back and remember we did a whole
16:37
Speaker 1: video on this that WAS i think there was like
16:40
Speaker 1: ten to twelve catalysts that had to occur for it
16:44
Speaker 1: to move the market. Upwards here was the. Video this
16:47
Speaker 1: was our time codes on, it And i'll kind of
16:50
Speaker 1: hit on some of these. Catalysts for the bull, run shut, down,
16:53
Speaker 1: uncertainty it had to be able to end at a certain.
16:55
Speaker 1: Time it. Didn't we also had to get at least
16:59
Speaker 1: a win by The, dems and of course that was
17:03
Speaker 1: a question. Mark then of course you've dealt with the healthcare,
17:05
Speaker 1: crisis which still has not been. Resolved then we get
17:08
Speaker 1: into the situation around The Clarity. Act you also look
17:11
Speaker 1: at consumers under, pressure no real relief in, sight and
17:15
Speaker 1: then of course you've got tariff deal catalysts would that?
17:18
Speaker 1: Happen no real news on. That then you're dealing with quantitative.
17:22
Speaker 1: Easing we've seen at least quantitative tightening indicated as when
17:26
Speaker 1: it's going to, start but we haven't seen any word
17:28
Speaker 1: of how easing THE fed balance is going to. Change
17:31
Speaker 1: and then of course you're dealing with things Like Clarity,
17:33
Speaker 1: act which has clearly been moved now into twenty twenty.
17:36
Speaker 1: Six the One i'm watching right now is we cannot
17:39
Speaker 1: have a delay on The eth. Upgrade if we have
17:41
Speaker 1: a delay on The ether upgrade moving Into, december that
17:45
Speaker 1: could be bad for ethereum in. General so, FAR ai
17:50
Speaker 1: And nvidia has been the only thing that has been
17:52
Speaker 1: holding this market. Up and even to that, effect we
17:55
Speaker 1: still had a two hund half PERCENT s AND p
17:58
Speaker 1: five hundred sell off in a very short period of.
18:01
Speaker 1: Time so times are looking pretty interesting right. Now this
18:05
Speaker 1: was a pull we did over on x and the
18:08
Speaker 1: question was if bitcoin rallies back to one hundred, K
18:11
Speaker 1: i will do, This And i'm holding a bitcoin. Bag
18:13
Speaker 1: EITHER i would dump my, bag dump half my, bag
18:16
Speaker 1: or wait for an all time. High that's what basically
18:18
Speaker 1: the audience is, saying is that they're waiting for an
18:20
Speaker 1: all time. High if you compare this to the twenty
18:24
Speaker 1: one fall off after the all time, high that was
18:27
Speaker 1: a fifty two percent down trend to the bottom of
18:31
Speaker 1: that little bit of a. Loop and this occurred right
18:34
Speaker 1: there In february of twenty.
18:35
Speaker 3: Two, okay and if.
18:37
Speaker 1: You, say all, right, well that is the relief rally
18:39
Speaker 1: potential coming out of that if you were able to
18:42
Speaker 1: hold that. Long if you did and you bought that
18:44
Speaker 1: bottom or held through, it that was your percentage right,
18:48
Speaker 1: there forty one percent in the short relief rally before
18:52
Speaker 1: we started to go into the bear. Market let's take
18:54
Speaker 1: a quick look at other tokens that could be in
18:56
Speaker 1: that same, boat and, this of course Is salona during
18:59
Speaker 1: that range eighty four percent on the relief rally before
19:02
Speaker 1: it started to move. Down obviously that was a more
19:04
Speaker 1: of AN ftx, scare but EVEN xrp which is now
19:07
Speaker 1: trading below two dollars for the first time in a long,
19:10
Speaker 1: time well since last. Year and if you look back
19:13
Speaker 1: on that period of, time you saw the bump that
19:16
Speaker 1: we saw In april of twenty twenty, one that going
19:19
Speaker 1: down to the bottom In july of twenty twenty, one
19:21
Speaker 1: which was preceding The bitcoin all time, high and then
19:25
Speaker 1: a skyrocket in its relief rally to the, high which
19:28
Speaker 1: was one hundred and twenty five. Percent so these are
19:32
Speaker 1: similar times AND i think that would be a. Comparison
19:35
Speaker 1: if you do have a handful of, tokens the real
19:39
Speaker 1: question is do you weather through this storm and hold
19:43
Speaker 1: them or do you take? Profits BECAUSE i think a
19:46
Speaker 1: lot of people are in that position right. Now or
19:49
Speaker 1: maybe you're in a position where you've had a lot
19:50
Speaker 1: of gains on one token like a bitcoin or an
19:53
Speaker 1: ethereum or AN, xrp and you already have taken profits
19:57
Speaker 1: and now you're trying to figure out whether or not
19:59
Speaker 1: you position in to a tax position of maybe dealing
20:03
Speaker 1: with tax losses and tax harvesting. Strategies so there's a
20:06
Speaker 1: lot of things that you could go with between now
20:09
Speaker 1: and the end of the. Year of, course all of this.
20:12
Speaker 1: DEPENDS i think the big catalysts will come On december the,
20:15
Speaker 1: tenth and that is whether or not we get A
20:17
Speaker 1: fed rate, Cut so you, guys make sure and watch for.
20:20
Speaker 1: That we will probably be doing that live for. You
20:22
Speaker 1: make sure that you're in the diamond. Circle very easy
20:24
Speaker 1: to get additional content from, us click the link down.
20:26
Speaker 1: Below it's absolutely. Free hit me out there on x
20:30
Speaker 1: At Paul. Baron we'll catch you next time right here
20:32
Speaker 1: On The Paul Baron. Show