#1 Way To Crush It In Crypto in a BEAR MARKET
welcome to Big Boy crypto the people's Channel over the bit Squad the largest and greatest crypto community and all the interwebs no Channel Works harder to keep you in the know about crypto my name is Ben today we are going to be talking about the best possible strategy that you can use right now to make money in crypto because man it is tough making money in crypto right now or is it I think it's something to think about first of all I'd like to say happy Mother's Day to all the all the mothers out there um and you know I would also say remember those people who've lost their mothers during this time uh they can be very hard on um you know people who uh their mothers have gone on or passed away early it's very sad uh so remember those people as well it's a day to celebrate mothers but also a day to celebrate the life of mothers that are no longer with us so guys I want to talk about this because a lot of people out there it's just a very polarized world out there in crypto right now where some people are telling you look at these metrics look at these fundamentals look at this chart obviously Bitcoin has bottomed well guys this is where I tell you and you guys know the camp I stand in which I believe in the four year Cycle Theory it is not ever steered me wrong the only time we got off track is when we went away from the The Cycle Theory and the idea here is that it doesn't matter what your charts say right now it doesn't matter what your fundamentals say right now doesn't matter what the the hash rate is right now it doesn't matter how many people have held Bitcoin for 12 months or more it doesn't matter what level of support Bitcoin is on right now Bitcoin is exactly where it should be relative to the top uh during this Market cycle where we're at right now it's exactly where it should be now I I got full in on crypto you guys know I bought Bitcoin in 2012.
I have a little bit of a story that goes but you know between 2012 and 2014. 2015 and 2016 I was mostly out of the market 2016 I started paying a little more attention but it was 2017 when I really got you know neck deep in crypto it started moving towards going full time in crypto you know sinking my life into crypto that's the time okay I want you to think about that the worst possible time to get in and not sell the top you know I I got in I held all the way back to zero pretty much with my investments I got in at the you know 2017 kind of near the peak kind of near the Mania 2018 was a really hard year 2019 was a very very hard year but I was committed so I stayed here and I kept making videos I kept learning I kept growing and look where I'm at today so the message here is to remember you've got to stick these times out and I know we talked a lot about this last Sunday so I'm not going to go too much back into that whole thing but the idea is even if you came in during the peak that's when I started getting in pretty much full time into crypto that's when I started pretty much you know putting uh you know all my time and energy in and it was hard I can't lie to you it was hard for the next couple years and so some of you are going through that right now but I'm here to tell you that there is light at the end of the tunnel for you guys that do stay in the uh you know stay in the crypto World during this time but what is your best strategy right now okay your best strategy right now is what we call dollar cost averaging you hear people talk about it all the time DCA what does this mean this means you pick a crypto or a basket of kryptos and you take an amount of money and you put it in there on a regular basis you cannot lose with this strategy in crypto why because basically when you think about it for the most part it doesn't work out to exactly like this but a good way to think about it is you're buying crypto at pretty much the average yearly price and if you go back and you look at the average yearly price for Bitcoin over the last several years you will find it grows dramatically year over year and there may be one year where it dips due to a bear Market but over time that yearly number grows and grows and grows so it doesn't matter if you're investing in the top or you're investing at the bottom you're basically investing at the average yearly price for Bitcoin uh of course if you do it for one whole year now how often do you need to do this do you need to do this weekly do you need to do this monthly do you need to do this daily well I would suggest do whatever makes sense for you if you get paid on a bi-weekly basis then it makes sense for you every other week or twice a month to put a certain amount in and of course don't invest more than you could afford to lose this definitely fits our number one investment philosophy here at Big Boy crypto which is um to develop a long-term mindset and you know understanding Market Behavior fits in here as well because you do have to understand that over time the market goes up and to the right even if we're a period of time it goes down we see that over and over again so your best strategy right now is to pick an amount of time to to pick an amount of money and put that in on an average basis or on the same basis every single time period so every week every month every other week uh every other month whatever makes sense to you that is going to be your uh your your best strategy during this time there's so much uncertainty in the market right now I mean I for me personally like I'm pretty certain of where I think things are going to um but in reality you know we don't know exactly for sure what's going to happen and I I do believe that there is and we'll be talking about this we basically we botched up a video this weekend uh for two weeks in a row this video has been botched up so we will definitely have this video for you next week but you know we're going to be looking back at the Bitcoin cycles and really showing you where the price should be right now where we're expecting it to go and I know I catch a lot of flack for uh you know xrp case being over at the end of September Bitcoin hitting 100K last year those were things that were fed to me and I believe them and I I think there was truth to both of those things when it was given to me but things changed and I got away from these Cycles but the the Bitcoin Cycles are truly the thing that has guided me throughout this Market from the very beginning and they will not steer you wrong I do believe there is an opportunity for a Bitcoin super cycle like we've never seen before depending upon the timing of the SEC case or the extra Ripple Labs ending with a possible spot ETF and with the East merge towards the end of this year so basically until those dominoes start falling there's no reason to expect Bitcoin to do anything than it's always done in the past we should see Bitcoin probably drop down to maybe twenty seven thousand dollars bounce back up could certainly go lower than that but I am not expecting Bitcoin to be climbing anytime soon but when you dollar cost average you're protecting yourself against that surge because when we look at the fear and uncertainty um uh chart the the fear what do they call this can't remember what they call it but uh the long and short of it is when you look at the fear gauge I can't remember what it's called for uh I would know any other moment except for this moment I'm talking right now it's it it's probably going to be at about a 10 when it prints today somewhere around there that's what George was saying in his video the lowest that we've seen it since the summer of last year and I think what you need to understand is usually when we see numbers this low we do get bounces so it is possible in the short term that we get a big bounce and dollar cost averaging allows you to hedge against that as well so this is the number one strategy everyone in the bit Squad I want you to do me a favor after this video is over number one make sure you're subscribed to the channel but number two I want you to go to coinbase I want you to go to Swan Bitcoin I want you to go to digifox I want you to go to any of these sites that can help you dollar cost to average I want you to pick a time and I want you to pick an amount and I want you to get that set up and get that started if you have delayed on even if it's ten dollars whatever it is get that DCA going get that schedule going and then down below in the comments I want you to drop what amount and what time period you picked and let's see how that grows over the next two to three to four years all right guys that's all we got and don't forget happy Mother's Day that's all I got be blessed good boy out
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