Bitcoin, Ethereum, Dogecoin ALL DOWN over 20% in ONE DAY! Should you buy cryptocurrencies now? If you have any comments or questions with my cryptocurrency analysis and chart analysis, drop me a comment down below!

Key Points:
-Cryptocurrencies were likely dropping because of the multiplicative effect to the downside from previous news headlines. The headlines, including the Elon Musk sudden realization of Bitcoin's environmental concerns as well as the People's Bank of China reiteration of disapproval for cryptocurrencies, likely because China is developing their own digital currency.

-There are bear and bull cases for Cryptocurrencies, however I believe that the overall positive bull thesis is in tack. The bear and bull cases are explained in depth in the video.

-Investing in cryptocurrencies are a bit risky at the moment and in general. There is a lot of momentum in cryptos at the moment, so we could see large volatility in the next few days because there are likely a lot of traders in the name. As always, you have to consider the upside and downside risks before investing in the cryptocurrencies.

Talk to Brandon on Discord:
  / discord  

Want a FREE way to help out our community? Open a Webull account and deposit $100 and you get 2 free stocks! (Valued up to $1600):
https://act.webull.com/kol-us/share.h...

Link (1) Cryptocurrencies impacted by statement from the People's Bank of China (YFinance):
https://finance.yahoo.com/news/bitcoi...

Link (2) Elon Musk realization of environmental impacts of cryptocurrencies impacting Bitcoin and others (YFinance):
https://finance.yahoo.com/news/column...

Link (3) China's stance on cryptocurrencies (Reuters):
https://www.reuters.com/technology/ch...

Link (4) Treasury Secretary Janet Yellen's stance on cryptocurrencies (CNBC):
https://www.cnbc.com/2021/02/22/yelle...

Link (5) Coinbase and other public companies legitimize cryptos (NY Times):
https://www.nytimes.com/2021/04/14/bu...

Link (6) Cryptocurrencies used as store of value for residents of certain countries (TechCrunch.com):
https://techcrunch.com/2016/03/16/why...

Link (7) Real time trading chart of Bitcoin: https://thestockstudents.com/tradingv...

Link (8) Real time trading chart of Ethereum: https://thestockstudents.com/tradingv...

Link (9) Real time trading chart of Dogecoin: https://thestockstudents.com/tradingv...

Subscribe: http://bit.ly/thestockstudents_subscribe
Website: thestockstudents.com

Disclosure:
I have positions in Bitcoin and Ethereum, about 1% and less than 1% of my portfolio respectively. I have no position in Dogecoin.
thestockstudents.com/disclaimer

#Cryptocurrencies #Bitcoin #Ethereum #Dogecoin #stockmarket