SAFEMOON is becoming King of Crypto market | How?

SAFEMOON & Crypto Market News | Are We Entering a Bitcoin BEAR MARKET?

all right what's up guys and welcome back to the channel so if you don't know me already my name's Connor and I am not a financial advisor I'm just a guy sitting in his room who has no idea what he's talking about so don't listen to me with that said today we are talking about the cryptocurrency market and of course our baby safe moon so that sort of thing interests you then do stick around remember all of the links to anything that I talk about in this blog will be down there in the description if you want to sign yourself up to any exchange all of my recommendations are down there in the description so let's get to this just quickly going over the market it looks like the uncertainty around the price of bitcoin is getting a little bit better although we are still much lower than the all-time high and we are currently sitting at around 49 000 people are still, a little bit scared we are looking like we're going down a little bit but I will personally, I'm not worried until we cross this 45 000 mark now we haven't really got close to that yet this is the next support at 48 and we are sitting there right now so if we do start to go back up that's fine if we do break below this, the next stop would be around 45 and if we break below 43 that is the point where I will personally start to be a little bit worried about the bull market but currently i am completely optimistic about where we are I still hold all of my cryptocurrency positions I still have taken some profits from my hype coins which I keep getting slaughtered about in the comments but hey guys I don't know what you want I don't know for me I'm all about protecting my wealth now let's just talk about that quickly right now with the safe moon the project we have done so incredibly well and it's just mind-blowing how much money people have made me get so excited when I see everyone's comments down in The comment section really does make my day every time someone tells me they've made money on the safe moon because I just you know when I first made the blog i really saw so much promise in this token and it's really taken us so far even right now where we're sitting we're still up probably a hundred x from where we very first got in which is incredible I think it was around 120x or something like that, at the all-time high and now because we got in at around zero zero zero five and now we're still there but we knocked off two more zeros so people are sitting on a pretty penny now I just want to discuss quickly my taking profit strategy and I've said this so many times but I still hold a lot of my safe moon but people don't seem to understand that taking profits doesn't mean selling your entire bag what I do when I take profit is I'm protecting my wealth these are hype coins at the end of the day it doesn't matter how much you believe in this coin you can still lose money the reason why I like to trade like this is because I was burned really badly back in 2017 with an altcoin that I genuinely believed in had an amazing use case and is still around today that coin was icx it was dubbed as Korea's Ethereum it's still around it's still creating amazing projects and doing amazingly well but at one the point I had 75 000 invested in that coin I turned 5 000 into 75000 and I never took a single penny as profit and if I had simply just taken my initial investment of five thousand dollars I would be far better off even now four years later because I could have reinvested that fourth out five thousand dollars on the way down when we were in the bear market now I'm not saying that I don't believe in the safe moon I'm also not saying that I 100 believe in them but for me, the reason I made this channel was to introduce new and efficient ways of making money online both for myself and for my viewers and at this point I've made over six figures with these hype coins which includes both realized and unrealized gains because as I said I'm still holding a lot of this hype coins which for me is a significant amount of money and I want to protect that as best I can and that's by taking profits so I just want everyone out there to be as safe as they can because genuinely seeing the amount of money that some of you guys have been making recently I turned 5000 into 75000 and I never took a single penny as profit and if I had simply just taken my initial investment of five thousand dollars I would be far better off even now four years later because I could have reinvested that fourth out five thousand dollars on the way down when we were in the bear market now I'm not saying that I don't believe in the safe moon I'm also not saying that I 100 believe in them but for me, the reason I made this channel was to introduce new and efficient ways of making money online both for myself and for my viewers and at this point I've made over six figures with these hype coins which includes both realized and unrealized gains because as I said I'm still holding a lot of these hype coins which for me are a significant amount of money and I want to protect that as best I can and that's by taking profits so I just want everyone out there to be as safe as they can because genuinely seeing the amount of money that some of you guys have been making recently I'm still holding my bag that I had here I sold some profits along the way and now we went back down and I don't really care let's see what happens with a safe mood I still believe that the company's going somewhere I believe in the team behind it and I don't personally think it's a scam but we never know what is gonna happen in the world of crypto so I'm just trying to help you guys out you don't need to listen to me you can do whatever you want if i was in your position i would take out my initial investment and that's all I got to say on the matter you can do whatever you want so back to the safe moon and they have had some incredible news it's so good two listings I think in the past two days we have let's exchange dot io and then we also have hobbit down here incredible news they keep growing people keep jumping on board the holders are currently at almost 1.3 million addresses how incredible is that and finally the price does look like it's starting to climb up from where it was before and on top of all of that news they are the most searched coin on coin market cap on the 30 days on the seven days and of course on the 24 hours which is absolutely incredible now the whole market has been a bit fearful because of the news that Joe Biden came out and said that they're going to be raising the tax to 40 for basically all capital gains now to clear that up a little bit this has not been passed there's no way of knowing if this is gonna be passed and also this will only affect people that make more than one million dollars per year so this won't affect a lot of people out there the reason why it affected the market so much is that people who were consumed with fear uncertainty and doubt started to pull their money out because they were panicking because they were too heavily invested in companies they didn't believe in now the only way to know whether or not you have too much investment is if you're panicking now if you saw the news two days ago or one day ago whenever it came out and you started panicking when you saw the price of the safe moon go down when you saw the price of b and b go down when you saw the price of bitcoin go down and all of the cryptocurrency market if you were panicking at that moment you are too heavily invested in the market now that is of course just my opinion obviously I'm not a financial advisor I don't really know what I'm talking about but that is simply the reason why I practice taking profit because that removes any emotion from the trade for me and I sleep perfectly well at night and all of the stuff that used to cloud my mind back in 2017 when i was so stressed about prices going up and down now I I no longer feel that because I simply have far less of my net worth at risk now in any profitable trader that trades the daily the weekly charts whatever they do they are taking profits there's no question a profitable trader needs to be taking profits if they're not taking profits then they have complete unrealized games take that as you will we are doing much better recently I am so happy all I want is for the safe moon to continue to go up I want the team to continue to keep smashing those developments and just you know keep impressing us with everything they're doing hopefully you guys are staying safe out there I really do appreciate each and every one of you that takes the time to comment on these blogs to like them if there's anything that I'm missing or anything that you want me to cover do please let me know down in the comment section I'll be back from holiday very soon and that's all I got for you today if I missed anything let me know down in the comment section remember I'm not a financial advisor I've got no idea what I'm talking about hey so with all of that said smash the subscribe button and if you did I'll see you in the next blog peace you.