WARNING: BITCOIN SAYS $37,000 COMING SOON?

Is Now a Great Time to Buy Crypto or Another 50% Retracement?00:01

Is now a great time to buy crypto or is there another 50% retracement? Some analysts speculate another drop down to $35,000 per Bitcoin. This video covers everything you need to know before buying Bitcoin.

Current Market Uncertainty and Speaker's Perspective00:31

There's a lot of uncertainty currently. Although not pro-crypto, the speaker acknowledges many are into crypto and thinks it's cool. Anyone can invest in any speculative asset they see value in. As a beginner guide, regardless of personal participation, some directional advice is shared.

When Bitcoin was at highs of $100,000 and $120,000, the biggest issue with the crypto community was encouraging others to leverage at overbought levels. The speaker doesn't mess with that and wouldn't recommend it even for safe stocks like Amazon and Nvidia at all-time highs. Nvidia at all-time highs is not a good deal.

Crypto hype ignores downside risk. People say it will go to $150,000 or $200,000 for no reason. Bitcoin went from $100,000 to $126,000, but risk-to-reward didn't make sense. Encouraging beginners to leverage at $110,000, $120,000, or even $100,000 (last year's price) was poor, as it hit lows of $60,000, down at least 40%. Now hovering around $70,000.

Markets pulling back make more sense to buy now than at $120,000 risk-to-reward wise. It's more calculated and intentional, but supported by actual crypto traders and investors since the speaker is not one.