today we just got word that the federal
reserve will be extending its emergency
coronavirus support through the end of
2020. this is hugely significant
for crypto land as since coronavirus
relief packages have been passed
the crypto market specifically the
altcoin market the riskiest
potentially of all investment landscapes
in the world
has been on fire with micro small and
mid caps exploding to new highs
now we even have a break of a three year
long
bearish trend on the bitcoin chart and
that is truly significant
and many people were asking me yesterday
as bitcoin was taking off
should they sell all their alts and hop
into bitcoin the reality is that strong
altcoins during a macro bull run in
cryptocurrency
are things that you want to buy the dip
on now throughout the last three years
you haven’t heard me say by the dip
because people misunderstand that buying
the dip
is strictly for a bull market you do not
buy dips on a bear market
because you’re going against the macro
trend if anything during a bear market
you want to sell the tops you want to
sell the pumps and then essentially
short it if you can short the asset
one of the simplest ways for you to make
incredible gains
throughout a crypto bull market is to
buy the dips
now i’ll be explaining over the next few
minutes how you can do this and i’ll be
using
a coin that i’m particularly a fan of
that i think very few people understand
as a prime example of how this can be
done so if you guys are excited to learn
what the millionaires mindset is here in
crypto during a bull run
how you can take advantage of trends
without being the first one to the party
then do me a favor and smash
the like if you guys don’t know why i’m
asking you to smash the like it’s
because the youtube algorithm
requires it for this video to do well it
requires you to turn that like button
blue so do us both a favor and smash
that like button now let’s talk about
the macro landscape of this bull run
because since stimulus was announced
back in mid-march
it has been almost unabated growth here
in the altcoin market and the
cryptocurrency markets at large and if
you’re just basing your assessment
of the economic recovery based on the
price of equities like the stock market
or assets like the crypto market well
you couldn’t really argue with the fact
that this federal stimulus has been
effective to that degree now i’m not
saying federal stimulus has really made
anyone’s life better who desperately
needs it
that’s not the case i’m making quite the
opposite actually however those who own
assets the owners of these equities the
owners of these
risk-on assets have done fabulously over
the recent months given that we’ve got
this announcement that this will
continue
to whatever extent necessary through the
rest of 2020
and if coronavirus pandemic continues
past 2020 i’m guessing
beyond that then we can guess that these
markets will continue to over
index and outperform any cash position
by leaps and bounds
now i’m sure you’re hearing the stories
of people making 20 50
100 x off of these tiny micro cap
altcoins
that you didn’t know anything about but
somehow everyone else knew to invest
before you did
well that’s a story that will keep
repeating and it even happens to me
when i am not aware of coins that all of
a sudden go through the moon it’s
obviously frustrating to miss out on
those types of gains
however once a coin has proven that it’s
got a phenomenal use case that its
tokenomics makes sense and most
importantly
it has an excited and engaged investor
community which is one of the strongest
aspects if not the strongest
of any crypto project once you establish
that then what you want to be doing
is buying the big dips because if you’re
not first to the party which i’m
guessing you probably won’t be for a lot
of these coins but you obviously see the
price running up and you want to get
your hands on your own stack well the
best way to do that is to wait for a big
pullback on one of these coins that you
know is a good coin
checks all the boxes and buy the dip
that is the millionaire’s mindset and
that is how you’re going to get
discounted entries into the best assets
so here we are
on the ethereum chart here and i’ve gone
all the way back to
2016 so you can see how this thing was
performing during the beginning part of
the last bull run
for bitcoin and as you can see it had
tremendous run-ups here
all the way up to about 15 here a 500
growth and throughout this time i bet a
lot of people were saying gosh i wish
this thing slowed down
and it did it tumbled all the way back
down to about seven dollars the 50
loss now i bet a lot of people were
saying to themselves oh this shows that
ethereum is not nearly as good as we
think it is but if you had the ability
to go against the grain here and buy
this big red number
you would have seen another pop all the
way up this time to over 20
and yet again you see that people had
yet another good
entry point into ethereum this time
again about eight dollars or nine
dollars
the momentum did cool off and you saw it
dropped all the way down here to six
dollars again
and we can see that those tiny numbers
of six dollars and twenty dollars became
absolutely minuscule as it popped all
the way up to 50
by march of 2017. again crashing down to
38. if you had the gall
to buy this thing as it was down instead
of all the way up
then you would have had a much better
entry point right getting ton more coins
here at 38
than at 50. even when it went up to 200
if you waited for the crash where it
came down to 140
again you’re getting a much better entry
point same again when it went up to 400
if you wait for the crash it crashed
down to 160. again if you missed this
140 entry you had an almost as good
entry here at 160 and then it went
onwards and upwards
yet again if you were to buy the big
green number here at 380
you would have missed your big entry
point here that it came down to again at
215.
we know that at its peak ethereum was
over fourteen hundred dollars
so you can see just on this ethereum
chart how important it is that once
you’ve established that there’s a great
coin like ethereum right where everyone
was building on ethereum and we knew
that it was the real deal we knew it had
staying power that buying the dips was
really the way to go
this is definitely a strategy that you
should be employing with a coin like
chain link as we saw
it went on this huge run up to you know
about a dollar 25
from its bear market price of 20 cents
then it crashed down to about 90 cents
here
which would have been a much better
entry point than a dollar twenty and
understand that buying these red numbers
would allow you to get better entry
points by the time that it ran back up
to four dollars you’d be sitting on some
serious gain
similarly it crashed right after that
again down to 187 giving you yet another
entry point and this is how even great
projects go
is that they grow in mania phases and
they crash
in sort of bare euphoria phases every
project especially early projects do
this
so when things are up and they’re
unstoppably up for days and days and
days
you don’t necessarily want to buy them
you want to wait for these crash days so
that you can get a good entry
and then ride it back up like with chain
link if you would have waited for this
crash even in march of this year when it
crashed down to 1.80 you could have been
sitting on a near 8x
or 7x rather by the time it peaked out
here at almost nine dollars
so once you understand that buying the
dips of some of the best coins in the
space
during a bull run is an absolutely
fantastic way
to get your new money into the crypto
space then you’re gonna want to be
searching for essentially coins that
have over corrected massively and
sorting for the biggest losers that’s
right you want these big
red numbers on good coin and once you
see a big red number on a coin you like
that’s a signal that this might be a
good entry point for you so obviously
looking at the charts today one coin
jumps out in particular and it’s ample
fourth now for me i love this
because i personally am a really big fan
of ample forth
i also think very few people understand
appleforth
so i’m going to take this opportunity to
quickly explain why i like this project
why i think it’s tremendously rewarding
to its holders and why i think it has
the potential to have great k-factor or
virality
and have more and more people adopt it
once i explain that i’m gonna explain
why
jumping in when it’s down to me is a
great opportunity now if you’re excited
to find out
do me a favor smash that like button
turn it blue and let’s continue so very
generally ample forth is a digital asset
like bitcoin or any cryptocurrency
except the difference here
is that its supply is not fixed like we
know that there’s only 21 million
bitcoin in the world
however with ample the supply actually
fluctuates and it does so
trying to obtain a price target of one
dollar now a lot of people think that
means
that you can’t make money holding it and
that is not the case
at all let me explain this first each
day the apple fourth rebase operation
compares the 24-hour weighted average
ample price
so pretty much it compares the daily
price average over the last 24 hours
to the target price in this case ample
is targeting one dollar now if the price
is above that target
right now it’s a dollar sixty five so
it’s above it that means that every day
that the price is above a dollar
i actually get injected with more ample
in my wallet than i had yesterday
so the amount of tokens in my wallet
increases
and it keeps increasing until the
trading price settles at a dollar
if the price is below the target the
supply decreases
so this could cut against the holders
too right it’s not just a pure winning
game but in a bull market like this
where we have increasing demand
and new people entering the space and in
this case a federal reserve stimulus
policy
that seems to have no limit or at least
will continue for the next six months
for the minimum we can see that these
risky assets should have
more and more cash flowing into them
even though that this could cut against
the holders
i believe that over the near to mid-term
future this will be hugely beneficial
just my belief not financial advice
to make it abundantly clear i have no
connection to the ample team
i just like this project i’m a fan of it
i hold a lot of it
and i really think it could do some
interesting things in the space
critically the supply adjustment treats
every address on the platform equally
supply changes happen globally
proportional to each wallet’s balance
this means that apple has a long-run
price target but it also means that
ample is non-dilutive
just like btc if you own one percent of
the network you’ll always own one
percent
until you make a transfer if i buy in
and i buy in
at one percent of the network that day i
will continually own
one percent of the total supply in that
way it’s non-dilutive
but if the value of the network goes up
if the market cap goes up
and the value of the ample network goes
up then my
one percent will also go up because i’ll
get more and more ample tokens
as that expansion occurs this happens
every day with something called
rebase so every day at 7 pm because i’m
on the west coast here in pacific time i
go and check my ample wallet
and i see that there are a ton more
coins in there literally over the last
few days i’ve gotten minimum 10
increases in my ample holdings
i’ll be honest it’s really exciting to
see that your huddles just keep going up
it’s almost as if i was being a
successful trader and also throughout
the day the price can work its way up so
you can have the value of your amples
increase
as well as the quantity of apples
increase at the same time and when that
happens
it makes for some serious gains those
gains will incentivize people to sell
because you’re getting essentially a
bunch of free new liquidity so logically
a free market will sell that
take profits and drive the price back
down towards a dollar by increasing
supply it will eventually overcome
the overwhelming demand and drive the
price down by the time that’s happened
chances are at least the way it’s worked
over the last month or so the total
market cap the total value
tends to increase dramatically and for
evidence of this we need to look no
further than their market cap
which shows that at the beginning of
june the market cap was sitting here at
about
10 to 15 million depending on the day so
if i owned one percent of ample tokens
at that time i would have owned about a
hundred thousand to 150 thousand dollars
worth of ample now if i just sat on that
one percent and i held it up till today
where the market cap is sitting at about
let’s just call it 500 million from just
100 to 150 000
all the way up to being between five and
seven and a half million the price over
the same period
has gone up and down and up and down and
up and down if you’re just looking at
the price
then you may not understand what’s
actually happening behind the curtain
because even though this price is going
up and down
the truth is the market cap is pretty
much going
straight up yes it did go a little bit
too hard recently peaking up here at
about 700 million what i see here
is a market cap that keeps expanding
with a ton of interesting entry points
over the last month it hasn’t ranged too
far above
three dollars and it hasn’t ranged too
far below a dollar fifty so i know if
i’m around or below a dollar fifty i
probably have a good entry point
and if i’m at or above you know two
dollars
that i probably should be expecting a
dump soon so maybe it’s not a good time
to buy but i should just be sitting and
waiting for the rebasement
now being able to target somewhat
reliably a set value for a
cryptocurrency would of course
open up new use cases and more
reliability for the value of that asset
so that we know that the price can even
dump
while it’s growing in value so in that
way it can be a non-correlated asset
here within the cryptocurrency
and lower the risk of these basket of
assets all fluctuating together
in price it can actually be completely
non-correlated and has shown to be so
also it’s worth noting that the energy
within the ampliforth community
is ecstatic i have not seen so many
memes coming out of a project
since chain-link in fact i heard that
some early chain linkers
have hopped over to ample forth because
they see the potential in the project
to me the energy and the excitement in
ample fourth is almost
unparalleled by other altcoin projects
so it has interesting tokenomics i think
very original
it has an interesting use case by
de-risking baskets of risk
like defy lending here in the crypto
space it clearly has
a huge and excited community and its
growth has been parabolic
now does that mean that ample forth
could settle down absolutely but i
believe that ample fourth checks
enough boxes that as this thing dumps
down in price
i want to get my hands on some more
buying the dips on exceptional coins
during a bull market
is the millionaire’s mindset that’s how
you increase your stack
of things that have shown that they’re
already legit you want to buy them while
people aren’t looking at them
and wait for them to catch their next
wave of hype of course or you could be
the first one
to put your investment in a micro cap
but again that’s essentially like
gambling i think of this as a much more
structured and much more educated
approach to getting a great entry point
on great coins now a lot of people were
asking me how to buy ample
and it makes me realize that there’s a
lot of new users in the space there’s a
lot of newbies here so if you guys are
looking to understand how to get your
hands on assets like ample
here’s the best way to do it what you
want to do is go to your normal exchange
your normal fiat on-ramp
for a lot of people in america that will
either be coinbase gemini
or kraken now you want to go there and
buy ethereum that’s pretty simple the
point of this is not to tell you how to
buy ethereum
but once you’ve bought ethereum you want
to send it to your meta mask
now metamask is a browser extension that
you can install in your google chrome
browser
and here if you just go to the chrome
extension store and search for metamask
you can add this to chrome i already
have mine so i’m not going to remove it
and read it but you can see here in the
google chrome web store
all you have to do is add metamask once
you have metamask installed this little
fox will pop up
in the top part of your browser as an
extension but here you can see
if i wanted to add coins to this wallet
i click on it and it copies my address
and i go over to coinbase and i paste
that address in
and i can send ethereum here that can
then be traded on decentralized
exchanges like uniswa now it’s not great
for every coin it’s by far the best
decks to get your hands on ample that’s
how you buy ample on a decentralized
exchange
that’s how you get your hands on a lot
of really exciting coins as you can see
there’s a ton more coins here
than you’re gonna see on coinbase and
that’s because
these dexes allow for you to get your
hands on all kinds
of assets anything that’s built on
ethereum which the vast majority of all
coins are
so from a product standpoint getting
that many new tokens in your wallet
every day when the thing is bulling
is an incredibly powerful feeling and
something you need to tell people about
this sort of viral growth of a coin like
ample i think could be very strong
so given that i think it checks all
these check boxes and i hope that my
simple explanation of ample
was ample for you guys the reality is is
that i’m looking for constant new entry
points into projects like ample
projects like chain link projects that i
think are going to do continued growth
throughout the bull cycle
as long as this stimulus is coming into
the market i believe these risk on
assets like altcoins
are going to do fabulously and something
like ample forth which people don’t
really understand
yet has all of the strengths that i see
associated with some of the strongest
coins in the space i think that on red
days like today where it’s down 25
on a 24 hour period i think that that’s
a phenomenal opportunity to get more
ample
especially given that i’ve seen how it
ranges and i think right now it could be
at the lower end of its range how do you
think of my millionaires mindset
approach
of buying the big dips on the most
established coins in the space
as a way to constantly get better
entries into the most established
projects
i believe that it’s the best way for
people who aren’t able to be the first
to the party right you’re not going to
be within that first few million of
liquidity that’s just really hard to do
especially as this market’s heated up
those projects explode pretty fast so
unless you’re the first first one in
this is a great way to understand how
you can get your hands on some of the
best projects and even though they might
seem kind of expensive
when a macro bull run continues for a
long enough period in crypto land
those big numbers are made to look like
little mole hills in the long scheme of
things
if this is anything like bull runs of
yesteryear i believe that buying the big
dips on great coins
is the way to pad your portfolio in the
most educated and responsible way not
financial advice just my opinion
and i hope this has brought you some
value if you like this video and you’re
part of the ampliforth community do me a
favor and leave me a comment in the
comment section below and be sure to
smash that like button i love ample so
much that for the first time in history
i’m actually going to be putting a
donations address so ample fourth fam
ample fourth army
if you guys think that i’m doing
something positive for the community i
highly encourage you guys
to send me a couple amples to the
address below i truly appreciate it and
i’m gonna be hodling those puppies for a
long time because i see this thing
continuing
to expand especially as more and more
normies come to the space and want to
get addicted to those daily rebasement
payouts.
as we’ve seen this market’s moving
extremely fast so you want to be made
aware whenever i put the content
out i hope you’re enjoying that bullish
news that the federal reserve is not
stopping the money printer anytime soon
and that spells out an absolute
moonshot here in cryptoland as always
wishing you well.
