Friday, February 3, 2023

CRYPTO CYCLE COMPLEXITIES, Bitcoin Price Chart and Ethereum Hit Extensions, Altcoin Market Lacking


Linqto – Private Investing Made Simple –
Where accredited investors can invest in companies prior to their IPO.

Unstoppable Domains – Decentralized NFT Domain Addresses –

My interview with the Unstoppable Domains co-founder:

To send me XRP, BTC, ETH, LTC, BCH, or ADA, you can send it to:
bcbacker.crypto (My Decentralized Domain Address)

Hi, I am the Blockchain Backer, bringing you the latest cryptocurrency news and analysis. The content of my channel primarily focuses on crypto news, motivation, and chart analysis on the XRP chart, Bitcoin chart, various Altcoin charts, and market cap charts.

To support my channel and become a Backer, Hodler, or Whale here on YouTube, here is the link:

DISCLAIMER: I am not a financial adviser. Investing and trading is risky, and you can lose your money. The information in this video should not be used to make any investment decisions. You should contact a licensed financial adviser prior to making any investment decisions. Any affiliate links in the description of these videos may provide a commission if you decide to purchase their products. I appreciate any and all support of my channel, and without you, I wouldn’t be here. Thank you.



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30 comments

  • Linqto – Private Investing Made Simple – http://bit.ly/Linqto-BlockchainBacker

    Where accredited investors can invest in companies prior to their IPO.

    Unstoppable Domains – Decentralized NFT Domain Addresses – https://unstoppabledomains.com/r/d245bfb21ad8485

    My interview with the Unstoppable Domains co-founder: https://youtu.be/ovgLpinDsQc

    To send me XRP, BTC, ETH, LTC, BCH, or ADA, you can send it to:

    bcbacker.crypto (My Decentralized Domain Address)

    Hi, I am the Blockchain Backer, bringing you the latest cryptocurrency news and analysis. The content of my channel primarily focuses on crypto news, motivation, and chart analysis on the XRP chart, Bitcoin chart, various Altcoin charts, and market cap charts.

    To support my channel and become a Backer, Hodler, or Whale here on YouTube, here is the link: https://www.youtube.com/channel/UCia6oYbLKo8fLOguATpACmA/join

    DISCLAIMER: I am not a financial adviser. Investing and trading is risky, and you can lose your money. The information in this video should not be used to make any investment decisions. You should contact a licensed financial adviser prior to making any investment decisions. Any affiliate links in the description of these videos may provide a commission if you decide to purchase their products. I appreciate any and all support of my channel, and without you, I wouldn't be here. Thank you.

  • I'm new to crypto and new to your channel, and I think it's a testament to your analysis skills that despite the lingo/jargon that you might use that I don't recognise, I have a very clear understanding of what your hypotheses are and what your video is trying to explain.

  • As painful as it is for me and also possibly for most of us, I think crypto coins will not go up for quite a while.
    Please bare with me for a second.
    During the pandemic all goverments has "pumped/printed" (quantitive easing) all extra money into the morket creating money losing its value (hence prices going up).
    I think it will be extremly difficult to see how that is impacting crypto market as crypto market never experienced this on that scale.
    Could it be that all crypto coins are rebalancing their value/s due to Fiat money loosing theirs?

  • Just glad you’re feeling better, take care!

  • Is it just me or is this the EXACT setup as last May-August that took 60+ days to complete last year ? And broke down after 32+ days and than recovered after 60+ days

  • People were afraid to invest in monero because of the regulatory unclarity, they were afraid to invest in xlm because of the xrp lawsuit (xlm and xrp are perceived the same), iota had no hype…unfortunately the cycle was driven mainly by hype instead of value.

  • I appreciate this video.

  • Is it a similar phenomenon to the stock market and some good stocks not going into new all time highs yet. And most of the action in the mega high caps and highly speculative new kids on the block. (SPACS) I hear talk of a final stock market melt up. Is that the time we are all waiting for?

  • Thanks for the update, Godfather! Glad you're feeling better..

  • Crypto hasn't gone through a recession. Macro is playing a bigger role than most think. People are having less n less capital to put into markets.

  • Hello Mate, from my research I would agree that the US stock market and the crypto market are more or less correlated. I’m interested to hear your thoughts on how the midterms ending lining up with regulations possibly coming at the same time. In particular the result of Ripple case. I know your not ticking your boxes based off news and events as you look primarily at charts, but to me these upcoming events are to big not to factor in.

  • He's back! Stay healthy, man.

  • Nancy polosi just bought a bunch of tech stocks. I think there will be one more move up. And she does too👌

  • Hey BCB, hope you are well now.

  • You sound good BCB. Luv ya Pal 💯👍🙏

  • 🔥💎 Blockchain Backer.!! 💥🐞 Happy you are feeling better!🌻 God Bless you and your family!! 🦚🦋 Thank you!!🔥💎

  • Respect BCB. Thank you for taking your time with this one. You’re a great analyst!!!

  • Thanks BCB, I always appreciate your analysis.

    One thing that has stuck in my mind for the past few years is something I heard Novagratz say in an interview a couple of years ago, which was something like this:
    – MN: "Bitcoin and Ethereum are ready now, this is their bull run"
    – Interviewer: "what about the alt coins, which ones?"
    – MN: "they won't be ready until 2025".

    Then I saw the SEC v Ripple case filed, and have learned about his inside info (flatmate with Jo Lubin, his 💎 to 🍩, his early ETH investment, he was shorting XRP etc)…. so mentally now, I think these "insiders" are thinking they can contain alts until at least 2025.

  • the best explanation like always thanks bro

  • BCB, is there a more prominent pointer you can use for the charts instead of the small crosshair which is literally invisible when watching the channel on a mobile phone?

  • Glad to hear you’re feeling better.

  • You like fractals… adoption rate wise and fractal wise… you should look at Amazon in 2010— looks exactly like bitcoin now…

  • I love you bro, but if we can accumulate for a whole year, i'm GAME. That would allow me to stack some sats. That price range from 2017 to 2020 looks kinda nice right about now. I have <1 btc, and if i can accumulate to 2 or 3 before it heads back up, i'd be quite ok with that. i'm grinding as hard as i can right now to do so, so if it holds steady or even goes down – buyers like me will still be around. seen too much to allow this to continue to get away from me. With all the headwinds, i hate to say i'd like to see a continued bear cycle because when the bulls come back, if we can all hang on to btc and the alts and just stack between now and then, we'll be sitting pretty. fingers crossed we all make it.

  • Something I don't understand. Cryptocurrency was created to be an alternative and hedge against everything else. Why would it go down in another Great Depression event? Wouldn't it be the opposite?

  • When do we start to say that crypto markets are changing? The market is starting to mature. More money is hitting this market than ever before. Things are bound to change

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