It's a Bear Market But Here's How It Can Make You Rich

What is good, my people? We are back again with another gem. Listen, today, y'all, I'm going to be providing you guys with a little bit of, uh, stress relief, you know what I'm saying? I'm not giving you a massage, I'm not giving you no CBD, I'm not doing none of that, you know what I'm saying? I'ma just give you my thought process on the current market situations, which is a lot of freaking red. But hopefully my thought process and my viewpoint on this all will help kind of encourage you guys in this time. Because unfortunately, this time in crypto, when all coins are kind of on a downtrend, is when most people end up quitting crypto and being like, crypto sucks, crypto's a scam, you lose all your money in freaking crypto. Um, but it's also the time where most people making an insane amount of freaking money. And that is 100% factual. It's just like a recession. A lot of people lose in recessions, but if you play it right, a lot of people make a crap ton of freaking money. So hopefully you'll be on the latter side of this, and I'm going to kind of help you guys like hone in on your perspective of it, change your perspective. I don't freaking know. I'm gonna give you all my thoughts. Y'all do whatever the heck y'all want to do with that information. So if you're excited for this video, smash the like button, hit the subscribe button, hit the post notification bell so you're notified whenever I drop these gems, because all I drop is straight gems, and you're gonna want to be notified whenever I drop them. Because like a time like this, you probably, you probably opened up your phone, went to Coinbase, and went to CoinMarketCap and saw every coin that you're holding is down. You're like, dang, crypto sucks. I'm about to take all my money out. I suck at crypto trading. But then you got this notification randomly, ding ding ding, Juvia Gems uploaded. This is how you finna become a billionaire in the bear market. And then you feel better about your life and you're happy, and then you end up becoming a millionaire in 10 years. And then you end up buying me $100 million worth of Chipotle. Then we're best friends, you know what I'm saying? That's how it's gonna work. So let's just hop right into this. Wait, wait, wait, before we hop into it, y'all know I released my CryptFi Academy. It's a whole academy if you're new in crypto or if you're even in crypto. Some has some advanced techniques in there, tells you all the basics from beginner to freaking advanced trader when it comes to crypto trading and DeFi trading, passive income, all that. Honestly, this is the perfect time to be learning this type of stuff, um, because in this kind of market you're supposed to be learning and accumulating. I'll get towards that in the end of the video. And this is how you can learn. CryptFi Academy has literally everything you need to know. It teaches you how to buy these coins, teaches you how to find coins before they blow up. It teaches you technical analysis, which is a huge part. I've actually been day trading, um, Ethereum. I've been leverage trading on sells and buys, so I've been making pretty good money. If you follow me on Instagram, then you see that I've been posting my trades on there. We've been pretty consistent with it. I might start making like a signals chat for my like forex calls and stuff like that. If that's something you guys are interested in, comment it down below and I'll do it. But hop inside that CryptFi Academy. It's actually on sale right now, so hit the link right there, cryptfiacademy.com. Or go inside the link inside description and tap in, man. You will not regret it. All right, so boom, here we are, CoinMarketCap. Now I explained to you guys before that you probably opened your phone the past couple weeks, honestly the past couple months, and it's just been on a very, very, very, very sad decline. If we look, these are all the top 100 coins here. We have your Bitcoin, Ethereum, your BNB, you got your, you got your, your Solana, you got all that. And if you look Over here it's mostly red. We got a couple of greens, but when it's green it's like 1%, 0.09%, 2%. Then you look here, Ethereum's down 9% in the past 7 days, which is pretty sad, you know what I'm saying? But if you know how to trade, you can make money in bear markets and bull markets. I kind of talk about this on my Crypto Academy course as well. Um, I even show you guys technical analysis, how you guys can get into all that different type of stuff so you can read it and know when a coin's about to go back up or predict when it's about to go down and all that type of different type of stuff. But But like AVAX is down 20% in the past 7 days. This is, honestly, it's depressing if you don't, like if you don't have this type of thought process behind it. And honestly, okay, this whole video really came up because my grandma called me, right? My grandma called me and she was talking about, she was, 'cause usually she knows I do crypto. So she called me and she's like, yeah, I heard crypto's down. Grandma don't know nothing about crypto. She just watched the news a lot. So she probably heard them talking about the news, how crypto is down, stock market's down, all that. So she said, yeah, 'Are you doing okay? The crypto's down,' and stuff like that. And I was trying to explain to her, I was like, 'Grandma, right, imagine you go to the supermarket. Your favorite bag of chips is usually $3. Let's say it's some Sun Chips, the cheddar ones. You go to the grocery store, it's always $3. You always pick yourself a bag, you know what I'm saying? What would you do if you went to the store one day and the Sun Chips that were selling for $3 the day before are now selling for $1? What would you do?' She said, 'I'll buy 3 of them because I'm used to spending $3 on it, so I would just buy 3 of them because it's on sale.' She said she wouldn't question why it's on sale. She wouldn't question why it's less. She wouldn't do any of that. She would just buy it because that's what she likes. She believes in the Sun Chips. She knows the Sun Chips is still gonna taste good no matter what the cost of the, the bag is, so she's gonna buy it. So I used that analogy to explain to her, if you have a coin, right, let's say you're a big Ethereum fan, right? You know Ethereum's the future. You think it's just the best thing since sliced freaking bread. You see it's down 9% in the past 7 days. In the past Um, 30 days is down even more. In the past 3 months, it's down even more. So you see your favorite coin that you love buying, you know what I'm saying? You love buying it. You see the price of it went down, but nothing changed with the coin. Ethereum did not start exploiting people. Ethereum did not start stealing money. Nothing happened that changed what Ethereum was except for the price of it went down. How should you really be thinking about it? Use that, that SunChip analogy, that chip analogy. If it's something that you always buy Wouldn't you buy more of it now that it's at a cheaper price? Use your brain, you know what I'm saying? Stop looking at the price. Price does not determine the actual value of certain things. If you are 100% in on a specific coin, no matter what the coin is, you know what I'm saying? I'm gonna give you guys kind of my coins that I'm accumulating right now, um, towards the end of this video. But no matter what coin it is that you believe in, if it's a coin called Bob and you know Bob is the freaking future I almost knocked my mic off. But you know, Bob is the freaking future. Why are you hesitant to buy more of that coin when it's on sale? Um, I think people just don't view investing as they would like actually buying products or buying Sun Chips or whatever it is. They don't think of it as it's on sale. They think of it as it's about to crash and die and they're about to lose all their money whenever the price goes down on it. But if you switch your mentality to just that of a it's on sale, buy it while it's on sale, This will help drastically kind of soothe that stress that you have when you see the price of your coins going down, because you know ultimately it's going to go up. So with that being said, my kind of strategy for this all, right, I'm not really messing— if you've been in my Patreon, if you're in my Patreon, um, you already— I've already talked about this multiple times. I've already put y'all on ease. I gave y'all stress relievers a long time ago. So if you want to hop inside my Patreon and know every coin I'm buying, every coin I'm holding, you know, want to buy the coin, sell the coin, all that type stuff, you know what I'm saying, it's patreon.com/jewelersgems. It's the link inside the description. It's also pinned inside the comments as well. But my whole strategy for this bear market, or bear cycle I like to call it, is accumulate the coins that you believe in for the next 2 to 3 years. If you don't think a coin is going to be around in 2 years, do not buy it. Do not hold it. Do not do any of that. Accumulate all these coins that you can while they are low. And don't just buy a lump sum of it at like right now. Let's say Ethereum goes down to $800, right? But you bought a lump sum of it at $1,750, right? Because you thought that that was so freaking low. You would have lost out on being able to buy at $800 because you just put all your money into buying it at $1,700. So instead, dollar cost average. It's a very simple strategy. I've talked about inside the Cryptfire Academy, of course. I've talked about on YouTube. I've talked about it on Instagram. I've talked about on freaking Twitter. I've talked about it everywhere. This is the perfect time to be putting that strategy into use. And simply, in simple terms, what it means— let's say you have $1,000 that you're ready to invest in, right? Let's say you see the market going down, you want to buy these dips, you know what I'm saying? But you don't know when the dip is going to stop dipping. Unfortunately for the whole human race, there's no possible way for us to guess when the bottom is truly in. You'll see people on Twitter say, oh, the bottom's in now, it's time to buy, it's only up from here, can't go any freaking lower. They're liars. They don't know. They're guessing, they're assuming, you know what I'm saying? So an easier way to kind of help you time the market, but not really time the market, is dollar cost average. So like I was saying, if you have $1,000, invest that $1,000 over a period of time. Don't invest it all at once. Don't just go buy $1,000 worth of Ethereum right now. Buy $50 every 3 days, buy $50 every week, buy $100 every week, however you want to spread it out. Just dollar cost average into it, because if— this is a perfect example over here. So we see it's on a downtrend. We see, um, let's go, let's go on a, uh, 1-month chart, right? So Ethereum over here on April 28th was at $2,900. Now if you, you see it drop, it was all the way up here at $2,900, it dropped all the way down to $2,700. And most people would have thought, oh, this is a great deal, you know what I'm saying? It's $200 off of the all-time high, I'm putting $100,000 in right now. But they didn't know that it was going to go lower. So then they're like, dang, now it's at $2,600. I should, I should buy some more, but I'm really kind of out of money. But I'll throw the extra $1,000 I got left over here into Ethereum at $2,600. And then it drops down some more. Dang, now I'm really out of money. I could have bought it for $2,300 instead of buying it over here on this first huge dip for $2,700. So what dollar cost averaging would do, you would have bought $100 right here. You would have bought $100 at $2,500. You'd have bought $100 at $2,200. You would have bought $100 at $2,300. You would have bought $100 at $1,800. You would have put $100 $1,900, you would have just been averaging into there. However you try to split it up, whether you want to invest a little amount every day or every week or twice a week, 3 times a week, whatever it is for you, dollar cost average into what coins you believe will be around in the future. Obviously this is not financial advice. Freaking look at me, man. Don't look like a financial advisor to you? No, I don't, because I'm not one. I'm not a CPA. I'm not none of that. We're just friends. I'll put you on to what I'm on to. So I give you guys my top 3 that I'm accumulating right now that I truly believe is going to be here in the future. Um, Ethereum is one of them, so I am heavy dollar-cost averaging into Ethereum. I hate Bitcoin with a passion. I don't think it's a cool coin. I think it's pretty boring and it barely moves, but I do think Bitcoin is the center of basically all crypto. So having this in your top 3 is kind of— I guess I just have to put it in my top 3. So I am accumulating some Bitcoin. I'm mostly heavy on Ethereum. I'm accumulating some Bitcoin as well, and BNB is my third one. A lot of people don't really agree with me on BNB, but I feel like the ecosystem is just so freaking huge that in 2 years' time, it's bound to still be around. It's bound to still be, um, pumping. It's bound to re— re-catch, re-obtain, re— I don't freaking know, get back to its all-time highs, you know what I'm saying? If we actually look at the all-time highs of all these Bitcoin right now is at $28,000. The all-time highs is all the way up at $47,000, I believe. I'm not even sure why— no, it's, it's higher than that. I'm not sure why it shows it like— I don't know why it caps up at $47,000. But let's go to Ethereum. I think this would show it better. All time, uh, the all-time high for Ethereum, it was over $4,000. I don't know why I'm pretty sure it was— let me, because I'm, I'm confused. I'm pretty sure it was over $4,000. Let me just go to TradingView real quick. This is actually where you can go to just look at charts. I talked about this multiple times. So this is the Ethereum chart that I have. Let's go to the weekly chart really quickly. Let me just zoom out. Yeah, the all-time high was $4,800. We see it right here. So anyways, I'll say it all that to say the all-time high of Ethereum is $4,800 right now. It is at $1,730. So from the all-time high, it is 178% off of the all-time high. That's an easy more than double your money. Think of it like this. Let's say the market doesn't recover for another 2 years, right? The market doesn't recover for another 2 years. It doesn't get back to all-time highs for another 2 years. It took 2 years to get a 178% return on your investment. Now, If you're in crypto and DeFi, you're probably like, dang, that's a super long time just to double my money and some, almost triple my money, you know what I'm saying? But think about it from a real financial standpoint. In your bank account, how much are you making per year? Absolutely freaking nothing. In your savings account, how much you making per year? Absolutely freaking nothing. So imagine Chase offered you 178% for 2 years inside of your bank account, how would you feel? Absolutely freaking great, wouldn't you? Exactly. So that's why I really have no problem pumping and kind of parking a lot of money in these, um, blue chip coins, what I call them, like Ethereum, uh, BNB, Bitcoin, like I was saying. Because even if the market takes 2, 3 years to recover, it's still way better than holding my money inside of a savings account, holding inside of a bank account, no matter what it is. Of course, you obviously have to have money in your bank account to be able to pay your bills and all that. But as far as loose change, money that I want to grow, um, passively and not have to worry about I'm parking it inside these coins. I might add some other coins to my top 5 list. I'm thinking— I don't know about Avalanche too much, I'm not gonna lie to you. It's cool, I'm accumulating a little bit of it, but I'm not sure about 2, 3 years from now, you know what I'm saying? So I'll update you guys on which ones I'm actually going to invest in more, but as of right now, it's Bitcoin, Ethereum, and Binance Coin, um, for right now. But that is the end of the video. Hope you guys enjoyed it. Hopefully I gave you guys a little bit of stress relief, gave you guys a little bit of a strategy A little mindset change so you can finally sleep at night and your wife isn't asking you why you're up all night crying in the bathroom by your freaking self. It's okay, we've all done it before. But that's the end of the video. If you guys enjoyed it, smash the like button, subscribe if you're not subscribed already, hit the post notification bell. I told y'all why these gems are freaking ridiculously valuable. You need them, and you need them as soon as they come out, you know what I'm saying? If you want to learn more about crypto and DeFi, cryptofireacademy.com is where. You need to go, go sign up. It's a great vibe in there, you know what I'm saying? I'm about to start letting my students into the Discord space with everybody else from my Patreon, which should be lit. It's a bunch of helpful people in there. We always talking money, we always talking, talking that crypto, you know what I'm saying? It's just good vibes overall. But yeah, that's really about it. Good luck on all your trades, good luck on all your crypto, good luck on your wife loving you again, good luck on you finding a wife or a husband, whatever the heck you're looking for. Good luck on life as a whole, man, and I'm gonna see you in the next video.