Topic: MKBHD roasted by Kraken exchange for bearish attitude (Read 242 times)
Marques Brownlee is a fool. The guy posed for a photo with Oprah, then immediately started destroying his reputation. First by releasing an app of phone wallpapers that cost a small fortune to subscribe to, then he was illegally speeding excessively in a YouTube video. He’s made a lot of dumb statements lately. Tesla even had to correct him on wireless charging. That guy needs to fade away.
See for yourself:
OOF!
An exchange is probably the last entity I would support, but this is hilarious.
It's bear (hunting) season now, so I wouldn't be a bear if I were you.
That response was cringe imho. It's just ignorant to believe that no-coiners are somehow saving fiat money or investing into it. Like no-coiners would see that in any way worth comparing or better alternative than commodities, real estates and stocks. This just sounds like Kraken social media manager was hurt and trying to be clever, and that's why responded asymmetrically. OOF!
An exchange is probably the last entity I would support, but this is hilarious.
It's bear (hunting) season now, so I wouldn't be a bear if I were you.
MKBHD has been making all the wrong decisions lately. I can't recall if it was the month before or September that he released a wallpaper app and slapped a price tag of about $30 - $50 on it. He got heavily fudded with massive backlash. For context, there are literally thousands if not millions of wallpaper apps and most are free. It was his first contribute to society and something for his fans yet he decided to milk them off it.
I just gave that context because remember that saga and his sceptical approach to Bitcoin, I wouldn't say I'm surprised. In all fairness, it would mean that he doesn't have bag of bitcoin. Probably regrets and wants to fud it to get a lower price to bid.
I just gave that context because remember that saga and his sceptical approach to Bitcoin, I wouldn't say I'm surprised. In all fairness, it would mean that he doesn't have bag of bitcoin. Probably regrets and wants to fud it to get a lower price to bid.
He’s not the first & he won’t be the last public figure to shit talk Bitcoin. He’s not the most well known sceptic either. I’m sure people will enjoy reposting his Tweet in many years to make him look stupid. Ignore the haters, focus on where we are going.
Of course bitcoin will have a significant pullback once at or near 100K. It can't just keep going up forever without any kind of correction.
That is how the stock market and how financial markets work, and bitcoin tends to correlate strongly with the stock market.
When Apple and Amazon hit $10, they both had a large short term correction. At $100, both had another large correction, and so on.
Why? Because those price levels tend to be strong psychological resistance levels. Same thing goes with every other successful company in the Fortune 500.
It's not exclusive to bitcoin. But some people are too dumb to understand that's how any financial market normally functions.
Prices go up and down, they don't go up forever, or go down forever in a perfectly straight line.
MKBHD should stick to talking about iPhones and Teslas, because he clearly has zero clue about financial matters.
Even when proven wrong time and again, he keeps spewing the same mindless talking points.
MKBHD is like the black version of Peter Schiff who has been saying for years bitcoin is worthless and will go to zero.
Like the Inverse Kramer effect, every time they open their mouth about it you know it is a good time to buy!
That is how the stock market and how financial markets work, and bitcoin tends to correlate strongly with the stock market.
When Apple and Amazon hit $10, they both had a large short term correction. At $100, both had another large correction, and so on.
Why? Because those price levels tend to be strong psychological resistance levels. Same thing goes with every other successful company in the Fortune 500.
It's not exclusive to bitcoin. But some people are too dumb to understand that's how any financial market normally functions.
Prices go up and down, they don't go up forever, or go down forever in a perfectly straight line.
MKBHD should stick to talking about iPhones and Teslas, because he clearly has zero clue about financial matters.
Even when proven wrong time and again, he keeps spewing the same mindless talking points.
MKBHD is like the black version of Peter Schiff who has been saying for years bitcoin is worthless and will go to zero.
Like the Inverse Kramer effect, every time they open their mouth about it you know it is a good time to buy!
I watch that guy sometimes, I guess that his personal opinion is getting more attention than of his contents. While that's a good question and probably asking it for his own composture to the market and how he should decide, it's just so happen that the Kraken X account manager is active. It's possible that we might see a plummet once Bitcoin reaches $100k but that's another story. The majority is talking about breaking new barriers once Bitcoin tops again and able to reach that as it opens another idea on how high it will be for the next year to come.
It feels weird to him to talk about Bitcoin. I never knew he was interested in the market before this. I wonder if it has anything to do with his recent controversy. Seems like he got into trouble now and then, from selling overpriced apps to reckless driving. Not sure if it's related to this at all, but I can see him doing stunts like this to recover his image a little bit. I don't think it's effective though.
My simply input to counter this. Big or small correction, plummet or not, Bitcoin recovered from past corrections, plummets and it has made new all time highs with new halvings and market cycles. It's enough for me to ignore short term corrections.
This means a lot to counter it.
See a note on price increases with past corrections.
This means a lot to counter it.
See a note on price increases with past corrections.
And I see the logic in this. Why can't the bears seize the initiative? At the moment, this seems like a very reasonable scenario. After such a rapid and rapid growth, there is always a correction, which can also be quite deep and reach 50% or more. This is how I personally see events developing. The general global upward trend continues, but this does not mean that there will be no sell-offs. Some of the major players will still want to dump some of the volume, and it will be quite large.
So, you meant Bitcoin ATH was $99K and 2025 Bitcoin price will keep falling until 2026, then Bitcoin price will make new ATH in 2027? nah.It's a baseless speculation, the institutions not even have 50% of Bitcoin, assuming they will sell all of their coins, Bitcoin price will not down 50%.
Bitcoin always follow the same pattern for the last 3 cycle, before Bitcoin hit $99K, Bitcoin price already rise to $70K and it was happen before Trump won the election. It's happened in October, where it follow the same pattern where Bitcoin bull season start from Q4.
In 2022 Marques Brownlee said he owned some cryptocurrencies but sees them as gambling. These days it is common for different social media influencers to talk about cryptocurrencies when they have no understanding of how the sector works. When he made this statement Bitcoin was $17,328, I don't know if he still sees Bitcoin and others as gambling. The price of Bitcoin will gain momentum if Trump sets up a crypto committee and uses Bitcoin as a reserve currency. But any negative comment or stance by the new administration might not be good for the crypto sector.
This is not new everyone known as social media influence does own Bitcoin but will never come out in open. They will discourage their followers in buying Bitcoin and they will try to create a negative impression about Bitcoin.
The whole objective of these guys buying Bitcoin is to make quick money through it. That kind of mind set about Bitcoin makes them vulnerable and that is why they sometimes ask such questions. This clearly shows how insecure they are about Bitcoin, since the world or those surrounding them have invested or made profit through Bitcoin they follow them without understanding the concept.
And I see the logic in this. Why can't the bears seize the initiative? At the moment, this seems like a very reasonable scenario. After such a rapid and rapid growth, there is always a correction, which can also be quite deep and reach 50% or more. This is how I personally see events developing. The general global upward trend continues, but this does not mean that there will be no sell-offs. Some of the major players will still want to dump some of the volume, and it will be quite large.
The question is genuine but why he is bothered about Bitcoin now is questionable. Does he have any investments in Bitcoin or other cryptocurrencies? He should stick to what he is known for in the global influencer community. Engaging in some topic where he does not have a specialty on X will result in what has happened to him. I also feel that this rally will continue until Trump takes the oath of President of the US. But I do not think Bitcoin's price will go down as he says.
In 2022 Marques Brownlee said he owned some cryptocurrencies but sees them as gambling. These days it is common for different social media influencers to talk about cryptocurrencies when they have no understanding of how the sector works. When he made this statement Bitcoin was $17,328, I don't know if he still sees Bitcoin and others as gambling. The price of Bitcoin will gain momentum if Trump sets up a crypto committee and uses Bitcoin as a reserve currency. But any negative comment or stance by the new administration might not be good for the crypto sector. Well, Bitcoin has always shown a bear season after attaining an ATH. That happened almost every single time. So the question is pretty valid. But no one can say for sure because we all want miracles to happen.
This is hilarious for sure! No doubt! But historically, Bitcoin has indeed shown such trend. Every dip is an opportunity..
This is hilarious for sure! No doubt! But historically, Bitcoin has indeed shown such trend. Every dip is an opportunity..
The current decline in bitcoin prices was not planned, I think this is purely a market movement responding to negative news in the past few days, and as a result the price of bitcoin has been corrected quite deeply due to many investors who are worried that their assets will be eroded further.
However, there is no need to panic too much, because bitcoin price correction is a normal thing, especially before a bull run, usually bitcoin will be corrected several times, until then it bounces back. Currently, Bitcoin seems to be looking for momentum before going into a bull run, and old investors already understand conditions like this.
Powell of Kraken message to Gary. The man isn't taking nonsense.
Well sight ain't in the short term and even that is still bullish.
Bears are going to fuel the Pump.
This is what happens when you engage in topics you know nothing about
He said Plummet instead of Correction.
The question is genuine but why he is bothered about Bitcoin now is questionable. Does he have any investments in Bitcoin or other cryptocurrencies? He should stick to what he is known for in the global influencer community. Engaging in some topic where he does not have a specialty on X will result in what has happened to him. I also feel that this rally will continue until Trump takes the oath of President of the US. But I do not think Bitcoin's price will go down as he says.
Well, Bitcoin has always shown a bear season after attaining an ATH. That happened almost every single time. So the question is pretty valid. But no one can say for sure because we all want miracles to happen.
This is hilarious for sure! No doubt! But historically, Bitcoin has indeed shown such trend. Every dip is an opportunity..
This is hilarious for sure! No doubt! But historically, Bitcoin has indeed shown such trend. Every dip is an opportunity..
this (november) ATH is not the ultimate ATH of this 4year cycle, the true ATH of this cycle will hit in 2025. and a dip correction before end of 2024 wont be a 'bear season' but simple a minor dip/correction(some could call it a cub(baby bear))
the true bear/ correction will be after the 2025 ATH.. so a dip/correction before end of 2024 wont be a "bear", just a dip/cub
speculation is that value-bottom is still swinging around $60k and that 'could be' tested before year end, and before the start of the real ATH in 2025
Well, Bitcoin has always shown a bear season after attaining an ATH. That happened almost every single time. So the question is pretty valid. But no one can say for sure because we all want miracles to happen.
This is hilarious for sure! No doubt! But historically, Bitcoin has indeed shown such trend. Every dip is an opportunity..
This is hilarious for sure! No doubt! But historically, Bitcoin has indeed shown such trend. Every dip is an opportunity..
to be honest, alot of whale chatter are talking about a buying spree under $100k now, but then do some quick dip/corrections before year end to claim some tax deductable(unrealised/paper) losses before the end of december tax year end... and then push for a january beginning $100k+ ATH in 2025
See for yourself:
OOF!
An exchange is probably the last entity I would support, but this is hilarious.
It's bear (hunting) season now, so I wouldn't be a bear if I were you.
OOF!
An exchange is probably the last entity I would support, but this is hilarious.
It's bear (hunting) season now, so I wouldn't be a bear if I were you.
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