Crypto Jebb, a veteran in the cryptocurrency space, recently appeared on a CoinSpeech stream to share his latest insights on Bitcoin and wealth-building. The CoinSpeech team collected the most important insights from his appearance below. Readers can find Crypto Jebb’s new video at the end of this article.
Bitcoin’s Recent Market Movements
One of the primary topics Jebb discussed was whether Bitcoin might have found its bottom after a significant correction. He noted, “Bitcoin has corrected over $112,000 in the last 7 to 14 days and over the last two days Bitcoin has again seemingly put a bottom in.”
However, he expressed skepticism about whether this is a true bottom, suggesting it might be a “dead cat bounce.” Jebb explained, “This looks like a dead cap bounce because when you have a strong corrective movement and you don’t have a strong recovery out of that movement what ends up happening is that the Traders get disenfranchised and you build something called a bare flag.”
Keeping Principles in Mind
Jebb emphasized the importance of adhering to trading principles. “If you follow your principles and they’re the right principles, they will lead you to success,” he reminded his viewers. He mentioned two key principles:
- The trend is your friend until it ends.
- Bare flags break bearish 70% of the time.
He warned that, for now, indicators suggest we might not have reached the bottom yet. “Many of the bullish pieces of sentiment that we are watching here on bitcoin, they’re not here yet,” said Jebb.
Investment Advice and Risk Management
Jebb shared critical advice for those in or considering cryptocurrency investment. “If you’re an investor, we’re going to talk about more reasons why you should absolutely be investing in the market right now,” he stated. However, he cautioned traders to be careful, especially if using leverage. “If you’re in one of those positions and you’re trying to make a trade, we’re going to talk about whether or not this is the bottom.”
Furthermore, Jebb offered broader financial advice, stressing the importance of being debt-free before making significant investments. He said, “Don’t buy Bitcoin if you’re in debt. You will make more financial progress paying off the Consumer Debt.”
Building Wealth through Cryptocurrencies
Jebb didn’t just focus on immediate market movements; he provided a holistic view on wealth-building in the cryptocurrency space. He shared his personal experiences and the importance of financial education. “I’ve lived a lifestyle where I made a lot of money and then it all just kind of went through the fingers. So I’ve lived just about every lifestyle you can think of,” he revealed.
Jebb highlighted the spiritual and practical reasons for building wealth. He quoted Genesis 1:28, “Be fruitful and multiply and replenish the Earth and subdue it,” showing his belief that growth and wealth-building are part of a larger purpose.
Community Engagement and Future Plans
Jebb remains committed to helping his community build wealth and achieve financial sovereignty. He frequently interacts with his viewers, providing personalized shout-outs and responding to questions. Jebb encouraged his audience to adhere to his financial principles and stay the course, even when challenges arise.
To check out Crypto Jebb’s latest insights in his new video, watch below: