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Now Is NOT The Time To Buy Sh!&#T Coins | Lyn Alden
In an interview with Max Keiser, macro analyst Lyn Alden breaks down Bitcoin in relation to the PMI environment and the broad money supply. Although Bitcoin is a relatively new asset, Alden argues that price action is somewhat predictable, as each time it goes into a consolidation cycle, Bitcoin reaches higher highs and higher lows in the next cycle. The same cannot be said for altcoins. Lyn argues that although altcoins can reach new highs in a cycle, they typically do not have a second or third cycle, which ultimately makes it a big risk to buy, particularly in a low liquidity environment. In addition to the risk because of cycle concerns, there’s the concern of rug pulls and Ponzi schemes, which unfortunately we have seen play out in the headlines in the past few months.
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THIS INTERVIEW WAS POSTED ON JULY 7, 2022
Listen to the full unedited interview here ⬇ [Credits] 🙏
MAX & STACY REPORT [EP04] - Bitcoin Fixes United Fruit Company
https://www.youtube.com/watch?v=zj8IrBBLHS4&t=0s
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🎵BACKGROUND MUSIC licensed through AudioJungle & Epidemic Sound
🎥FOOTAGE licensed through VideoBlocks and Filmpac, except parts about the topic that have been used under fair use.
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FAIR-USE COPYRIGHT DISCLAIMER
Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, commenting, news reporting, teaching, scholarship, and research. Fair use is a use permitted by the copyright statute that might otherwise be infringing. Non-profit, educational, or personal use tips the balance in favor of fair use. -This video has no negative impact on the original works (It would actually be positive for them) -This video is also for teaching and inspirational purposes. - It is not transformative in nature.