I KNOW WHY BITCOIN CRASHED… | Crash to $3.8K Explained (Not Clickbait)

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Was the Bitcoin (BTC) price crash potentially due to a new discovery in the world of quantum computing, in my opinion?! Let's discuss this live today and some cryptocurrency trading technical analysis (TA) + speculative price prediction(s) + current 2020 market crash / dump news for cryptos in today's video/live stream!

😈 Let’s get this crypto!

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Disclaimer: The content covered in this video/live stream is NOT to be considered as investment advice. I’m NOT a financial adviser. These are only my own personal opinions, ideas, speculative theories/hypotheses, charts, technical analysis (TA), insights, curated news publications and price prediction(s) for 2020 and beyond. The technical analysis in this video/live stream is completely speculative and does NOT guarantee any specific result or profit. The technical analysis in this video/live stream has NO proven rate of accuracy and past performance is NOT indicative of future results. Do NOT trade or invest based upon the analysis presented in this video/live stream. Always do your own research and only invest solely based on your own findings and personal judgement after consulting with a professional/licensed financial adviser. I’ll never tell you what to do with your capital, trades or investments. I’ll also never recommend for you to buy or sell any asset, security commodity, derivative or cryptocurrency related instrument. I’m NOT a broker. I DON’T recommend or endorse the use of any brokerages or trading exchange platforms. Trading and/or investing in cryptocurrency and/or any related commodities/securities/derivatives/instruments is extremely HIGH RISK and you can very easily lose all of your investment capital! You should always consult with a professional/licensed financial adviser before trading or investing in any asset, security, commodity, derivative or cryptocurrency related instrument! I will NOT be held liable for any of your personal trading or investing decisions. This video/live stream is purely for entertainment purposes only! —

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I KNOW WHY BITCOIN CRASHED… | Crash to $3.8K Explained (Not Clickbait)

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  1. i think once they start closing the country down like they doing in italy and other parts of the world, that people gonna pull their money out of the markets to buy food and water etc and we might se hugeee dips… like a 1500 bitcoin

  2. Kirby great info but I’m watching the stock market the Dow Jones along with bitcoin and it’s totally correlated with the Dow Jones every time it’s going up a little bit bitcoin goes up a little bit and every time it goes back to a little bit bitcoin goes down a little bit it’s completely correlated with the Dow Jones at the current moment

  3. lol i dunno man, if u use occam’s razor it’s probably just ppl cashing out crypto gains to cover losses from global investments.. besides, the whole internet’s encryption is at risk as well, not just btc

  4. Plot twist: The whale is James dumping his bags.

    Like anything. Development in anything leads to new things. The destruction. Maybe. Look at blockbuster. But over lots of time and mass adoption. People already complain about switching from flip phones to smart phones but eventually. 99% will make the switch.
    My question would be. Will I be carrying it in my pocket in 10 years?

  5. Sorry Kirbs You’re in my highest of regards but I think you’re jumping the shark here. A more plausible and obvious explanation *in my opinion* would be that the sell off is a means of freeing up cash by institutions selling off their btc positions, as they’re anticipating further margin calls in the stock markets.

    I’m not saying your theory is not true and it could very well have an effect on price, but I think the lack of liquidity and massive demand for cash in the markets right now is more feasible.

  6. Lol I do not think that’s how things are. Perhaps you are reading way too much in this situation…

  7. No 🙂 QC would only help with the double-spend, until the codefix patches the mining algorithm. That’s it. QC was NOT the reason…rather overleveraged idiots? Check the liquidation amounts in the past 48h. But Mr Kirby… when bottom? 😀

  8. If the quantum computer is going to crush the bitcoin program, then Satoshi can buttress the security with some quantum technology as well moving forward.

  9. I’ve been afraid of this for a while, not just the possiblity of 50% attacks but also the fact that the entire proof of work concept is calculated based on computer science during bitcoins creation.

    The difficulty of the solving the blocks is balanced with the effort it takes for a regular computer.

    Quantum computers will arrive someday and when one of those starts mining 10 blocks per second the entire value of bitcoin will collapse.

    I actually decided a while ago to switch to proof of stake cryptocurrency and blockchain technology.

    I think the rest of the crypto space is undervalued right now because of bitcoins price drop.

  10. IBM and quantum computing have been published over a year ago
    The missing link is the satellite to provide the quick 5G technology

  11. I think BTC is simply front-running the traditional markets and expect to see them go down by unbelievable amounts in the coming weeks. Question for me is where will BTC really bottom? If it can get a proper bottom and react to the traditional markets going into armageddon, then we may see a huge reaction.

  12. You can’t possibly be a viewer of my daily analysis videos if you really think that a news article on quantum computing is my #1 reason for a drop in the BTC price… This video is a TIMELY NEWS UPDATE… I don’t trade on news… I trade on technicals… I posted a video 3 days ago outlining the possibility of BTC dropping to $5-3K range WITHOUT any news behind it… just charts…

    This video was put out because I hadn’t seen any crypto outlets cover this news yet.


  13. @Crypto Kirby Trading I hv been watching u for like almost 8months from Pakistan n ur content is literally amazing

  14. Kirby, let me counter your theory with what I think you’ll agree is a more probable cause to the mega dump:

    Institutional players, hedge funds in particular, hit their margin calls with equities tanking into the ground and they needed to liquidate assets to be able to pay up. All it would need to be was one or two whales who needed to liquidate their positions on spot for fast cash to plunge us down deep into the crypto abyss (let’s get this crypto?)!

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