Episode Summary

Today On Crypto Daily:

On Today's Crypto Breakdown Joe Dewitt looks at how much money you would have if you had invested $1000 in Bitcoin, Ethereum and Dogecoin exactly 1 year ago today.

The results are very surprising.

#BTC, #ETH, #DOGE

Questions? Ask at [email protected] and we will answer!

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

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Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Unedited Transcript:

Hey everybody happy veterans day. My name is Joe Dewitt, and this is crypto breakdown. Coinbase announced that they're going to support Bitcoin ETF trading, pick one price action. It looks like it is losing a bit of momentum falling on down to that support level. Around 64,000. This was a previous all time high.

Which was resistance, flip support price currently just fell below. If this daily candlestick can close, relatively close to where it is now, that would be very nice showing a little bit of struggle and downwards momentum. Although if this volume node stays red and price action continues to fall. Bitcoin could be looking at 58.

Taking a look over at a theorem. Ethereum has been looking great the last few days. Although today there is slight corrections on, there is still a green volume node, which is good to see some buying momentum coming in price is starting to correct towards that previous resistance level turns support of 4,380.

Ideally Ethereum would like to retest there and bounce off of that support level and to the upwards direction surpassing 5,000, the bears case here, Ethereum falls below that 4,003. Down towards the 3,500 range and taking a look over at doge coin, doge coin just needs that little push to get over this consolidation.

It is continued to consolidate higher lows are accumulating, and today there's a green volume node. So there is a bit of buying pressure. If those coin can hold this 50 day moving average, like it has been, that would be a very nice sign. Although there is the possibility that doge coin price can fall below that 50.

Heading down to 15 cents bullish case would be hopping above that 200 day and gaining momentum up towards that 40 cent mark. And on today's episode, I'm going to discuss the outcome. If you were to invest $1,000 into Bitcoin. And those coin exactly one year ago. So one year ago from today, if you were to buy Ethereum at around $390, you would get two and a half a theorem.

Now equating to $11,500. That is very, very significant gains from your previous 398. For Bitcoin one year ago, 14,000, getting you about 0.07 Bitcoin, which would now equate to 4,600. Again, great profit margin returns on that annual percentage. Now, finally, this is where it gets interesting doge coin. One year ago, sitting at 0 cents.

For $1,000, you would have been able to. 300,333 dose coin quoting now to about 8 million, $333,000. Yes. You heard that, right? If you invested $1,000 into dos coin exactly. One year ago, you would have 8 million, $333,000. Absolutely crazy numbers guys. This is, this is an industry like no other that's all the time we have today.

Guys. Thank you so much for tuning in. I hope everyone has a wonderful veteran. Make sure to follow and subscribe us on Twitter, which will all be in the description below. Have a great day

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