⚠️ IS IT ALL OVER...? MY THOUGHTS ON CRYPTO CRASH... ⚠️

What is up? I am Crypto Mason and welcome back to the Crypto Mason YouTube channel. Shout out to the Gold Squad. We look for gold in every single aspect of our lives and we always find it. Now, oh my goodness, folks. Dude, this is, this is what it's all about. If you can't handle this, exit stage left, man. If you cannot handle this— everyone knows what happened, it's an elephant in the room, okay? Look at the title: Bitcoin flash crash, crypto flash crash, is it over? Is it a bear market? What just happened, like for real? Because this is not funny, uh, even though I'm laughing because we are strong in this, dude. This, this truly isn't anything. Like I experienced the 2018 crash, you know. So this is not a 70% crash, but look at this, okay? Just a sea of red. There is not one green on this thing, on this, uh, top 100. Everything has just tanked, okay? So what's going on? Why, like, why did this happen? What's, what's really good with this? Why is this happening? So one thing most people— so there's varying opinions. Basically, the, the majority of this video is going to be spent on covering what just happened. Like, I hope you know that there's not really any good news coming out right now, right? Except, oh, El Salvador bought the dip again. Oh my goodness, bought the dip. Uh, so we're going to be covering like what you need to do right now, what you should have done and how you can learn from this and what actually happened. Okay, there's varying opinions coming out. There is varying opinions coming out, right? I see one from Blockchain Backer. This is a scary one, and I did give this a like. He says overnight Bitcoin fell to $42,000. So yeah, let's just give a recap on what actually happened. So we did literally fall. You see this wick right here on the daily, right? We see that all the way to $42,000. That is horrendous, right? Look what happened. So we basically had the top out here on November 9th at, uh, at $69,000— or November 10th, $69,000, right? Now we are down, or we went down about 40%, 40% on the wick, and basically like, uh, 30%. So That is what, that is what just occurred. And then everything follows, right? Um, it's like, uh, let me see if I can find a visual of this. Horror movie lights. Like, you know when, when they're in like a horror movie and they're like going down like a thing like this, and, or they're going down like an alleyway and somebody like clicks a button and all the lights go out like boom boom boom boom boom? Like all the hall— all the way down the hallway consecutively. This is literally what they do with the market. They click one button and all these coins start going boom boom boom boom, lights out, lights out, lights out. And it starts with Bitcoin. Obviously Bitcoin is the button, for real. Bitcoin is the button, and ETH, right? So we have Blockchain Backer saying, for me, that says that the Bitcoin bear market has reared its ugly head. He really thinks this is a Bitcoin bear market. Historically, the altcoin— this is the key part— the altcoin market has its run during the retrace. Okay, during the retrace. That's now my focus. But I do believe the Bitcoin bear market has arrived. That's a big name blockchain backer, big in the XRP community, straight up saying what people don't want to hear, which is that this is a bear market, Bitcoin bear market, right? Do I agree with this? I sort of do agree. Uh, this could definitely signal a Bitcoin, uh, bear market, right? Definitely. But that would mean that altcoins— we don't hold Bitcoin. Who the heck is holding Bitcoin on this channel? It's probably a small percentage of the audience. If you do, good for you. Bitcoin is great. We always love Bitcoin here, but we don't— I don't hold any Bitcoin. Right? So I'm waiting for that altcoins to, to bounce hard. Now the other side of people, the other side— so that's the bearish side, right? Because we look at all aspects here, all angles. The other side is saying that this looks like this, this looks like the March 2020 crash where we actually went from, uh, $9,156 on Bitcoin all the way down, 51% crash. We went all the way down to 40— or what is this, uh, this would be 45,000, or sorry, 4,500 in 7 days, right? Huge. That was a huge crash. And look what happened. We took a few months to recover from this, right? Few months. This is all the daily chart, so this was a few months to get back up to where we were. So it basically took from like May 7th, we reached where we were again. Um, or actually, if we say the drop was here from March 7th, it took until like April 30th. So I actually do think that Bitcoin is going to take a couple months to recover. I do think that a couple months to recover. Um, as of right now, right, opinions change tomorrow, this my entire opinion could change because I see something different. Uh, if we go over the liquidations quickly, obviously this is a massive liquidation event, right? A ton of liquidations. If we go to the Bitcoin liquidations— liquidation means people were using leverage and the price crashed so hard that they got liquidated, so they lost all their money. This type of stuff ruins lives. It's very sad. Uh, so don't be using leverage if you don't know how. But if you do know how and you want to sign up for Phemex, you can use that link in the bio. So 24 hours, uh, yeah, leverage is for advanced people. Don't, don't leverage trade if you're a beginner. I do not recommend it. 24 hours, we had a billion worth of liquidations. That's massive. If we click the all, we had 2.5 billion in 24 hours. So all means like all liquidations on all coins, right? Very crazy right there. Um, but like, I mean, it's like, if it's a Bitcoin bear market, that's okay with me because there's gonna be a point where, uh, altcoins completely decouple from Bitcoin. And I actually think like the flippening could be, could be imminent, uh, in a couple years, you know. Flippening meaning Ethereum goes above, goes above, uh, uh, Bitcoin. So also make sure you follow me on Twitter because this is where I react to things like this in the market first. So you get the first reaction from me on Twitter. That's my Twitter right there. Make sure you spell it correctly. Now this is what I was saying— avoid panic. People like this one. Avoid panic. You're supposed to avoid panicking. You don't make emotional decisions. Don't panic, right? Don't panic. Um, I have reminded you guys to take profits for the last 3 weeks. It's all on video. We even had a profit-taking video on November 9th. When was November 9th? Oh, November 9th was, um, basically the top. November 9th was basically the top of Bitcoin, right? And I filmed that on November 8th. So while Bitcoin was going to the top, right? So for these past 3 weeks, I've been telling you, remember, I even said at the end of one of my videos, like, dude, sell one thing right now, please. That's what I said, sell one thing right now, please. Let me get a drink of water because my voice is very screwed up. I even said sell one thing, man. I've been making too much TikToks, man. Wow. Okay, sorry about that. Damn, this is just intense moments, right? You can imagine me, I, I play the game of life on 50x intensity, like I feel everything. So these type of moments are just crazy. And obviously the comments already start, oh, remember that stable future currency that dipped 20% in an hour? Come on, bro, crypto technology is useless. Look at this guy, crazy. Okay, so we covered Blockchain Backer's perspective right here. We have the El Salvador president buying the dip, right? Buying the dip. These are the type of people who just buy Bitcoin at any time, um, because they know about this. Go to the weekly chart on Bitcoin. They know about this, that every cycle Bitcoin comes out stronger. Okay, we need a— we need more data on this chart, uh, but every single cycle Every single cycle it comes out stronger. It's an up-only chart, like truly, right? This is, this is like no matter what the dip, Bitcoin is always trending. Look, look, it's trending up, right? So these type of people, you have to suss out the types of people. These type of people will just tell you they're buying the dip no matter what. They don't care about you. We have Jordan Lindsey assuming the the 4-year cycle is dead here, what happens next? A, lengthening cycles with diminishing returns. I do like that, right? The only thing giving me hope right now is lengthening cycles, right? Lengthening cycles. Uh, so many people are saying that this could go into 2023. This whole thing could even go deep into 2022, right? Quarter 2, like it could Bitcoin could have the for real top, uh, in November, like over here, right? Would be very interesting, uh, and this, this market is, is definitely different, right? He says lengthening cycles with increasing returns. No, no more cycles in random walk. 4-year cycle still in play. We have, uh, this tweet. Actually, that one, that is not the one I wanted to show. This, uh, tech dev, right? Uh, actually, why, why did I even pull that one up? Where's the other tech dev? This one. This tech dev, right? He says, I understand you are scared, that is normal, but it is possibility you— but it is possibility you fear, not probability. So take a look at this. At each one of these lows people were bearish, and look what happened, right? So the— all the macro charts are literally still holding up to lengthening cycles, right? But we have a big spread of opinions. Every single time we got a big spread of opinions, right? People are saying this is because of the, the new rona. The new rona. I can't say the word, but the new rona, uh, the new rona, uh, strain, you know. People are saying it's because of that. Uh, we can check this, the stock market, right? I believe the stock market is falling as well. So everything is falling right now, right? Uh, if we go to the news here, we see not much, not much good stuff here, right? Not much good stuff. It's, it's a bunch of reaching, people trying to make stuff good. Um, but I mean, that's all we can really say. We need to see where this lands, right? What's going to happen? Are we going to recover a little bit to $50K? Bitcoin's currently sitting at $48,000 right there. Uh, the market cap is still above $2 trillion, I guess. Uh, I guess that's good. 24-hour volume is at $214 billion right there. I mean, Buying opportunity. A lot of people are, are thinking of this as a buying opportunity, right? To that, I would say you're kind of, you're kind of right, right? You're kind of right. I took heavy profits. You guys watch me, right? You guys watch me take heavy profits. Uh, I shaved profits off everything. Um, and keep in mind, the next time that this market goes back extremely green I am gonna do that again. That's how you gotta play this, just to avoid, uh, avoid risk, right? So zoom out to the daily chart. As soon as the market does this again, you take profits on the way up. This is to avoid getting killed by one of these flash crashes. So all you're doing is building— all you're doing is building your experience right now, right? This is all experience. Damn, my voice. Build your experience, right? You learn from this. The next time we do this, take the profits here. Boom, boom, boom, boom. Take the profits. I love messy charts. It's just so funny. Make like right here, right here, right? You should have been— I didn't take any profits here. I didn't take any profits at all, at all in this period. And then we were hit by, uh, just a small crash, I guess. 52, we tested the bull market support band, we'd really like bounced around in there, and then we head back up. And I did take profits within right there. Okay, so if you didn't take profits, don't come in my comments section projecting your anger onto me, right? I already had some DMs like, um, just some salty DMs, right? And that's because they didn't take profit. It is, dude, as a, as a, as a previous diamond hand holder, when I say take profits, it means like take profits, bro, right? I'm somebody who has just woken up to the diamond hand thing being horrendous. Diamond hands is a terrible strategy for most assets. Right? 99% of the assets, diamond handing is terrible. It gets you wrecked, right? Because you could have had all this money here and now you don't have that money. But the theory of diamond handing is that it will go back up. So I guess it, it does even out, right? But I feel like I'm kind of rambling on. There's nothing we can do, bro. This, this whole thing crashed, right? Wow, Polygon showing a 7-day strength right there. Actually, a couple things So we're, we're going to see where this lands, right? What's, what's happening? Some of the best buys, uh, if you want to be buying now, you can basically get into anything 176 quant. But I do feel like this might go further. Like, this might go further, uh, just saying. Like, these might go further, or the altcoins might start ripping, right? Altcoins might start ripping. So That is all we've got for the daily market update. Just stay strong. Varying opinions coming out. Pay attention to all the opinions and then formulate your own. What I'm doing, I'm sitting on an entire portfolio that I did take heavy profits on, right? Basically forced to diamond hand that stuff. I, I really don't care, um, about— I just don't look at your portfolio today. Go take a walk, go on a big run or something. Get off the computer. I'm gonna try stay off a little bit today. Obviously gotta handle the TikTok people and all my, uh, audiences, make sure everyone's good. I hope you didn't lose a bunch of money. I hope you weren't one of these, these leverage, uh, people who got liquidated. But I mean, dude, What can we really do? This is— this happens in crypto. It happens. It happens. If you don't like that, like, if that turns you off, dude, sell all your crypto and go to the stock market, okay? Because you're not gonna find something like this in the stock market, uh, of this severity. So once again, make sure you follow on Twitter and Instagram and the Telegram group. That is where I react first to this stuff. It takes a lot more effort to get a TikTok and a YouTube video out, right? With Twitter, I can just type it, put it out, and you get my thoughts instantly. So follow on Twitter. I appreciate everyone. Stay freaking strong, bro. Stay strong. I hope you took profits. If you didn't, I mean, you could take some now, but that wouldn't— you always want to take profits in the green, right? If you're, if you're cutting your losses right now or something like that, you could do, you could do whatever you want, man. But I don't believe that this is the end of this, right? If it's a Bitcoin bear market, I don't care because altcoins are gonna have a beautiful run for us. Take your profits when that happens. When that happens, like when altcoins go back up, take your freaking profits, bro. Please, I beg you. I've been begging at the end of every YouTube video for like the past 3 weeks. Okay, let's wrap it up. Appreciate all of you. I love all of you. And Goodbye.