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.