James Check says THIS dip is NOT one you need to worry about. Here’s how he knows

00:01 James Check says this dip is not the dip 00:04 you should be worried about and it's 00:06 still a good time to buy more Bitcoin. 00:08 So, how does he know? Well, first of 00:10 all, who is James Check? James Check, 00:12 who goes by checkmate or checkmate with 00:14 a Y on the end, is my favorite Bitcoin 00:17 analyst, the only one I follow. And what 00:19 he does all day long, 24/7 when he's not 00:22 sleeping, is he analyzes the Bitcoin 00:25 ecosystem, the Bitcoin market, and looks 00:27 at every single indicator that could 00:29 possibly indicate whether we're hitting 00:32 a top or a bottom in the life cycle and 00:35 price of Bitcoin because as with 00:37 anything, it goes up and down on its way 00:39 up. And a lot of people just don't want 00:41 to buy the very peak tips and then be 00:44 stuck underwater for a long time. And 00:46 James Chuck is by far the best person to 00:48 tell you is now a good time to buy 00:50 bitcoins. Now he will be the first to 00:52 tell you and I will be the first to tell 00:53 you all times are the best time to buy 00:55 bitcoin. It's never a bad time to buy 00:57 bitcoin but if you want to sort of lower 00:60 your anxiety and your heartburn uh 01:02 related to investing then he can give 01:04 you a lot of comfort of sort of how 01:06 things are acting and the way they're 01:08 acting. So he did a report this morning 01:11 called uh you know what was it uh damage 01:14 report or something like that because 01:16 the price dipped uh in the last within 01:18 the last week part of the last week the 01:20 price dipped from 118,000 down to 01:22 113,000. 01:24 So he is the best person in the entire 01:26 world for evaluating is there a problem 01:29 here? Now, the only downside is you you 01:32 usually get those reports, you know, a 01:33 day or two. They're usually done on a 01:35 Monday and like a Thursday. And so 01:37 sometimes if it's dipping going into a 01:40 weekend like this one, um he is in 01:43 Australia, so if the price starts 01:45 dipping aggressively on a Friday, after 01:47 his business hours, you typically don't 01:49 get the report until Monday morning, 01:51 which is fine. I don't expect him to 01:52 work on weekends, but uh anyway, by the 01:54 time you wake up first thing Monday 01:56 morning, he's already finished the 01:57 report because Australia's way ahead 01:59 time zone wise as compared to the United 02:01 States. So here's what the report said. 02:03 One second. 02:09 So he goes through item by item and 02:11 says, "Okay, the price dipped by from 02:14 118 to 113. Should we be worried?" Okay, 02:17 the first thing you look at is okay, you 02:21 know, how much money is going into or 02:22 out of Bitcoin on a macro scale. So, he 02:24 looks at that, he says, we're looking 02:26 good. Next, he's looking at, okay, how 02:29 in or out of profit are people who 02:32 bought Bitcoin recently? You know, are 02:34 people capitulating? Is there fear? Is 02:37 there behavior indicating that a lot of 02:40 people are running scared? And he looks 02:42 at that metric and he says, "No, we're 02:44 we're looking good on that metric." Then 02:46 he looks at, okay, how much profit or 02:48 loss are people actually taking on the 02:50 Bitcoin they hold. So he looks at how 02:52 much money is coming in and out of of 02:54 Bitcoin and how does that compare with 02:56 the averages over time, especially the 02:59 averages before, during, and after 03:02 markets and bull markets and how does 03:04 the metrics of the current dip compare 03:07 to past bull markets and bare markets 03:10 and the metrics before, during, and 03:12 after those things. Then he looks at 03:14 okay how much in-loss or out of loss is 03:16 the average Bitcoin holder that has 03:19 bought recently which are called s 03:20 short-term holders because if short-term 03:23 holders are in five or 10% loss from a 03:26 dip that's fine. Most people are not you 03:29 know having a serious cow uh when 03:32 they're only 5 or 10% down from whatever 03:34 they bought at. But when people start 03:36 getting 20 or 30% down from the price 03:38 they paid, they start, you know, really 03:40 freaking out. So, he looks at those 03:43 metrics and he says, "Hey, we're not, 03:44 you know, it's nothing to, you know, 03:47 nothing to worry about. The the amount 03:48 down that short-term holders are is not 03:51 the kind of numbers that typically freak 03:53 them out." Then he looks at, okay, uh, 03:56 realized gain or loss, which is okay, 03:58 the actual people that are working or 03:59 selling Bitcoin, you don't know who 04:01 those people are. You don't know names 04:03 of those people. It's all anonymized 04:05 data, but you can tell on the Bitcoin 04:07 blockchain based on is the the Bitcoin 04:10 that are moving in or out of Coinbase or 04:13 something like that. Are they held by 04:16 someone who's held them a long time or 04:18 are they held by somebody who's held 04:19 them a short time or did they buy them, 04:21 you know, last week at 118 or did they 04:23 buy them at the peak of 123 or are these 04:26 people selling or buying that, you know, 04:28 bought Bitcoin at 110? You can tell all 04:30 of that from the Bitcoin blockchain and 04:32 from the flows related to the exchange 04:34 traded funds, the Bitcoin ETFs, exchange 04:37 traded funds. So, James Check looks at 04:39 all of that. Basically, the report from 04:41 all of the this morning is things are 04:43 looking great. Uh he looks at a lot more 04:46 metrics than that. And actually, he's 04:48 offering a 7-day trial, free trial right 04:50 now. So, if you want to get a sense of 04:52 what James Check uh what his analysis is 04:55 like, then I would say sign up for a 04:57 free trial. 04:58 read the report from this morning called 04:60 damage report. Watch the video from this 05:02 morning which is about 40 minutes long. 05:04 And then you can just decide is that 05:06 sort of content the sort of content that 05:09 you need to feel good about Bitcoin. In 05:11 my case, it is. And it's worth $29 a 05:14 month, which is what I pay. And it's 05:16 worth it because a lot of people look to 05:18 me when the price dips or when it 05:21 rockets up. when it rockets up, they, 05:23 you know, they reach out to me and 05:25 they're like, "Hey, is this still a good 05:26 time to Is it still a good time to buy?" 05:28 And I want to tell people it's a good 05:30 time to buy if James is telling me, 05:32 "Hey, this thing is really overheated." 05:33 Like, everybody's sitting on a fat 05:35 profit right now and long-term holders 05:38 are trying starting to cash out to 05:40 improve the lives of themselves and 05:41 their families. And basically if the 05:44 metrics indicate that these are the sort 05:46 of things people were doing when the 05:49 price is really high comparatively then 05:52 you know I want to be more cautious. 05:54 Again it's not that I'm ever going to 05:55 say don't buy Bitcoin. You might just 05:57 say hey if you're buying Bitcoin right 05:59 now you need to be you know you need to 06:02 be planning on holding it for quite a 06:03 while. Same same before like you know I 06:06 don't know three four five months ago 06:08 whatever it was six months ago maybe it 06:10 was longer than that. Anyway, I posted 06:12 on Facebook that that look, if you're 06:13 buying between 70 and $90,000, you 06:16 should buy right now no matter what. If 06:18 you're buying betweenund 90,000 and 110, 06:22 plan to hold it for one or two years. If 06:24 you're buying above 110, plan to hold 06:26 for three or four years. Now, all of 06:29 those numbers go up over time. So, you 06:32 know, maybe today you'd add 10,000 to 06:34 that. And I would say, look, if the 06:36 price is between I'll just throw this 06:38 out there because it probably feels 06:39 about right. If the price is between 80 06:41 and 100, 06:43 you should no matter what like doesn't 06:46 matter how long you're planning on 06:47 holding it, you know, as long as you 06:49 have a decent risk tolerance. Prices 06:51 between 100, you know, 80 and 100 are a 06:53 fire sale. Between 100 and 120, just 06:57 plan to hold for at least one to two 06:59 years. And prices above 120 probably you 07:03 should plan to hold for three or four 07:04 years. So, you'll notice all of those 07:06 price ranges ratcheted by $10,000. 07:10 That's because we uh time has passed. 07:12 More people have had more time to adopt 07:14 Bitcoin. There's a lot of things 07:16 positive that have happened in the 07:17 Bitcoin marketplace. And that makes me 07:20 more confident saying, hey, the ranges 07:22 where I recommend buy no matter what 07:24 versus buy if you plan to hold for at 07:25 least one to two years versus buy if 07:27 you, you know, only if you can 07:29 definitely hold for three to four years. 07:30 those ranges are probably uh by $10,000 07:34 versus the same places that I 07:36 recommended previously because again 07:38 market adoption is higher than it was 07:40 when I made those recommendations uh you 07:44 know back when I made them. So anyway, 07:45 so James looks at all of that. If you 07:47 want to get a good flavor of his stuff, 07:49 sign up for a free 7-day trial, read the 07:51 report from this morning called damage 07:53 report. read or listen or watch the 07:57 YouTube video that goes with it, which 07:58 is 40 minutes long, which reiterates a 08:01 lot of the stuff that is in the written 08:02 report, but it takes you about 10 08:04 minutes to read the written report. And 08:05 the 40 the YouTube video is like 40 08:07 minutes long. So, it's got a few extra 08:09 bonus items in it that are, you know, 08:11 helpful to know. And then you can decide 08:13 is that the sort of content that is uh 08:15 compelling and interesting to you. 08:17 Anyway, James Jack says we have nothing 08:19 to worry about, but if you're buying 08:21 Bitcoin, you can confidently do that 08:23 with all the metrics on your side. 08:26 Again, it doesn't mean that the price is 08:28 not, you know, high a little bit. 08:30 Obviously, you know, in the four-year 08:32 cycle, we're in the third of the three 08:33 up years, but, you know, most people are 08:36 saying we're not going to have a down 08:37 year like we did in 2014, 2018, and 08:40 2022. probably not going to have that in 08:42 2026 because Bitcoin is just a much more 08:44 robust asset with much stronger holders 08:48 right now than we've had in previous 08:50 cycles. In the previous cycles, 08:51 everybody was speculating that worldwide 08:53 adoption was just around the corner. And 08:55 right now, so far, we have not seen just 08:58 the speculative craziness that you 09:01 typically would see before a major 09:02 correction. Uh so if we don't get that 09:04 speculative craziness, we just sort of 09:06 keep ratcheting higher and then grinding 09:08 sideways for weeks or months and then 09:10 ratcheting higher and then grinding 09:12 sideways for weeks or months and then 09:13 ratcheting higher. That's much more 09:15 sustainable long term than these huge 09:18 parabolic rises where the price price 09:20 goes up by 50 or 80% in a matter of 09:23 weeks or months, which that those sort 09:25 of things tend to be unsustainable, 09:27 which means we typically walk back and 09:29 settle down for a little while before we 09:31 go back up. but it doesn't feel like 09:33 that's where we are. According to James 09:35 Check, that is not where we are. Um, and 09:39 so again, it's a great time to buy 09:40 Bitcoin. In summary, James Check is 09:43 absolutely the person to talk to or not 09:46 talk to to read his research. Um, and 09:50 that's by far the best place to do it. 09:51 Uh, if you're wondering where to get the 09:54 YouTube video uh for James Check, you 09:56 have to be a subscriber to get his 09:58 YouTube videos. Now, he does guest 09:60 appearances on podcasts regularly, but 10:02 to actually watch his videos, you've got 10:05 to subscribe to his newsletter. But 10:06 again, you can do that right now if you 10:08 go to check on chain uh or just go to 10:11 the link I sent this morning. There's a 10:12 link there where you can sign up for a 10:14 free 7-day trial. Um, somebody has a 10:18 really slick looking Cyber Truck, 10:19 completely black Cybert truck back 10:21 there. Uh anyway, uh you can sign up for 10:23 a completely free 7-day trial and you 10:26 can watch the video, but the only way to 10:27 watch the video is to be a subscriber 10:30 and you can do that with a free 7-day 10:32 trial right now if you're interested. 10:34 So, uh I love James Check. His stuff is 10:36 by far the best signal to noise ratio of 10:39 anything in the world of Bitcoin. And 10:42 it's the best guide if you own Bitcoin 10:44 and you like keeping an eye on it or 10:47 you're obsessed with Bitcoin like I am. 10:49 Um or if you just want to know every 10:52 time the price dips or goes up, you 10:55 know, what exactly happening and how 10:57 sustainable, you know, is this dip going 11:00 to turn into a crash or is this peak 11:03 going to turn into a major price 11:05 correction? Basically, is a dip going to 11:07 turn into a crash or is a uh you know, 11:10 swing going to turn into a crash. James 11:12 Check is by far the best person in the 11:14 entire world to tell you that and I 11:16 loved his research. And there you 11:18 hopefully all that's helpful. Thanks 11:20 everyone.