BTC lost 83K. $600M gone. Were you the exit? | Simply Crypto

be starting early. I got a lot to talk about today. Let's go. I know there's a lot to talk about today. There's a lot going on in macro economics. Definitely check out my video up top. Hit it with a little bit of engagement if you haven't already today. There is definitely more going on in the meets the eye. We have some disruptions in the straight of horror moves again, which the markets I don't think we're ready for. We were ready for these fed meeting minutes, but we haven't gotten them yet. We're getting them at two o'clock, but I think that usually there's some kind of rumblings or like gigalekage that happens because around the time that we're going to have fed meeting minutes or there's something to do with that. Markets always react before. So even though we get our meeting minutes at a certain time of day, there must be somebody that finds out something a little bit early. So that's what I think kind of happens there. Arty is so great to have you on my space. Same thing with Arty, where she had a space in the middle of the night, mine was in the morning. And now she co-hosts the whole first space at the same time as my space, but she does have one at seven that I love to go to. It's very chill. It's super social and really fun. So if you guys haven't been to Arty's space, it's seven. I definitely recommend you checking it out. Arty, how are you today? I'm doing good, Leah. It's good to be on your space to get to see the new updated simply crypto. I think this time serves you much better. And it's exciting to see that all the different kind of value you get to bring to the community in this hour, even though it confuses some of the other spaces. You obviously hold a really great one. And I sneak in here when I can. And I try to listen in even though I co-host. I've got an approval for it. So it's not like I'm betraying hope for anything, but it's a pleasure to be here. Thank you for having me. Well, one of these days I'm in a sneak into hope for space. And everyone's gonna be like, wait, aren't you supposed to be? And I'm like, yeah, but like, you know, let truck run this way. Yeah, that's right. Chugs got this. Okay, guys? Exactly. You know, we're one big community. And we've got a lot of things to share. And we also have a massive audience. So got to love it. And just absolutely love having everybody here. Jag, how are you feeling with all this DDL talk? I feel like you're emerging as one of the DDL experts. Would you consider yourself a daddy, a collector, or a player? Well, I'm definitely a daddy because I have three children. But maybe I'm like a, I'm like a teenager for DDL. I've, I've opened about five boxes. So, you know, not, not insane, but enough to be able to build my own decks, of course. You know, so I think even, even at that level, being able to build your own deck is going to be something special itself. Most people probably won't be able to just build whatever deck they want to build. So I definitely see myself a little bit higher than just normal, but definitely not daddy status. Yeah. So you've got like a teen stash, like you just screw my stash and you're kind of like feeling like like the big, the big man on campus. Got it. Okay. I love that. I absolutely love that. Yeah, that's what I feel like I do. Like I'm kind of like larping, like I'm kind of like the like toddler that puts on the mommy's high heels. So that's where I'm at with DDL. I'm like trying to simplify my strategy for DDL as much as I possibly can so that I can still win in this game without being a daddy or a mommy. Hope for how you doing today. Thanks for coming up on the stage. What's up? How are you? Well, how are you doing? Hope you're doing well. Yeah. I'm just here to listen. Doing great. I know I'm so glad that you're here. I'm sure that you already have to make a lot work with your work and your space. How do you do it? Are you on a different time zone? Or do you do it during a lunch break? No, I just usually get to work as soon as the space ends. So I'm like driving for an hour, but sometimes I do go in early and it is kind of rough to do a space while you're at work, but it works out. It works out. Yeah, we all got to make it work. That's for sure. I know. I heard about co-host takeover. Yeah, it helps to have a not only gorgeous, but a fantastic co-host. So I'm sure that does help. I mean, that's how I feel. I've got Chuck. Chuck is a Ukrainian model and he holds a dance. So guys, I mean, best of both worlds. So on this show, we kind of do a little run a show. We have a schedule that we follow. So if you guys want to know where are we at in this space? How long am I going to be here? Where am I? Like, if you ever feel like you're in like the back rooms, don't worry because you can actually follow this little structure that we've got. I'm just pinning it to the top. So and guys, take a couple people who need to learn a little bit about what's going on today. So to start off the space, we do a little thing called the icebreaker. Oh no, no, no, no, no. There we go. Okay. We do a little thing called the icebreaker. I just want to know guys, were you the exit on this jump or did you get out before the whip? Now, I know a lot of people in here absolutely are not going to be any kind of exit or they're not going to leave their position. I think that a lot of people here are holding their position. So I just want to know. Well, in this space, was there anybody in any kind of leverage position? I mean, I feel like we are not the leverage community. Are we any any long-atron people spam an emoji if you were in any kind of leverage position before this jump? See, we are not. We are the buy and hold community. Oh, corn. I see you in the audience. If you can come up, I would love that because I just need to ask you a couple questions about DDL. If possible. Yeah, I feel like we are not the leverage community. I did see a lot of influencer posts just leading up to this dump, though, that said, so and so, this great trader with perfect record has just put in a massive long. I literally saw this post yesterday. I wish I had booked market. Marked it. I'm sure it's deleted by now. Just put in a massive long bitcoins going to 90k. And of course, anytime we think that we know where Bitcoin or any other asset is going, usually it does the opposite. So just be aware. Right now, we're just ranging. Definitely. There's so much macroeconomic news going on right now. Globally, that I just don't think we can really expect to just start sending out of nowhere. Why in the world would we just go to previous all-time highs right now? We're trying to figure out whether the Fed is going to raise rate, which doesn't seem odd that everybody, though, is like on the consensus that it's going to go lower. That's what makes me like make make me think it's actually just going to send. Maybe it's just this community that is so aware. I'm not sure, but it definitely seems like a large majority of people are thinking that it's going to go lower, which makes me think it's going to do the opposite just because it usually does the opposite of whatever it thinks, like you said. Yeah, I'm definitely not thinking it's going to go lower. I really don't. And actually, I had this really interesting, but I agree with you. I think that people do think it's going lower, but I find it very mixed. I find some people are very bullish and some people are very bearish. And I would almost put myself as in between because we have a lot of bullish indicators. I think the biggest one is the fact that we're at the beginning of a four-year cycle. Bitcoin usually finds a bottom at previous all-time highs, which is 70,000, which we already hit. We were even lower than that. And institutions, businesses, and banks were buying at 63,000 OTC so that there wasn't any movement in the chart. To me, that's the most bullish indicator. But then we have tons of bearish indicators, which is Anthem was talking about the mortgage rates, soaring the way that they are. You know what that's going to do, the average person. Now those people, and I might be wrong, but I think that those are not necessarily the people that are buying assets who are going to be massively affected by mortgage rates. But if mortgage rates go up enough, it's going to affect everybody. So that's a huge macro indicator. And also, we need to see if the Fed is going to raise rates. We also have a diesel problem. And so anytime the straight of hormones gets talked about, we are indicators of what's going to happen next. Definitely gets, you know, our ears get perked up on that. So we have some bearish things. Chuck, do you know anything about what's going on with the oil situation right now? Just more tax on the tankers is what I've heard. I haven't done any investigating myself as of yet, but it just seems like it's always going on. And the highlight in the news is the only thing that rams up and down. It seems like they are shuffling just like a deck of cards, shout out to the DLTCG. But they throw out a little bit of good news, a little bit of bad news, a little bit of good news, a little bit of bad news. Market going well, double down to the bad news, market starting to show some strain, double down to the good news. Just kind of playing it back and forth. Yeah, absolutely. That's that's what it seems to be doing. I think that one of the most important things to look at is our range right now. How low should and can we go versus how high should and can we go to be in this kind of tradable range? Because I mean, I'm a big believer in charts actually. Some people, you know, don't like charts because they kind of see them as like line squiggles. And I agree with that to an extent. But I think when you're looking at larger timeframes like one day candles or the max chart of Bitcoin, I think what you're seeing actually is by levels, cell levels, what you're being given is a picture of when people bought how much they bought, how long they've been holding, what the sentiment is. So like you are being given information. And right now, if we're going to be in this channel, there was a wick all the way down to 82.5. And so if we go kind of below that 82.5 range, we probably should break that channel. And then that would bring us back to like 77 to 79,000 dollar Bitcoin. And even then that's within a reasonable, very reasonable range of a bottom. And I was talking to Sam and Sam. I was talking with Sam and Sam. He's a has a really good Bitcoin space and feel free to tag any Bitcoiners to come on in here because we would love to talk to them. I was talking to Sam and Sam and he was saying I don't, he doesn't like the four-year cycle. He thinks that it's a self-refilling prophecy. And that a lot of Bitcoiners, they say, okay, I want to double my stack or I want to, I want to increase my stack. And so when we talk Bitcoiners, we're actually talking about people with a lot of capital who can move Bitcoin pretty well because a lot of them or some of them at least have been here for a long time. So they actually have big enough bags to affect the market. And he said that what they're doing is they are going by the four-year cycle. They're selling around the top and they're buying it at the bottom because they want to increase their stack. But what he was saying is that doesn't bring any new buyers in. It's not really helping with any kind of adoption. And basically the four-year cycle is something that a lot of Bitcoiners don't like. And they think that the having really doesn't create that supply shock that it used to. And that's what I think. I don't think Bitcoin having creates the supply shock that it used to definitely not. But the four-year cycle is just a great indication of like human psychology. So an asset going up and down like Bitcoin over four years, it definitely needs those moments of like max sentiment, buying, belief, and then it does need moments of capitulation and people ignoring it and stuff like that because an asset like Bitcoin, it's not like you're going to get earnings reports on Bitcoin, the way that you do in the stock market. Or there's just not that much news surrounding Bitcoin. The news around Bitcoin is sometimes the having rewards get cut in half, sometimes the difficulty adjustment goes up and down based on the interest level in mining Bitcoin and in owning and buying Bitcoin. But that's it. And that's all the news that we get. And