Bitcoin Breaks the May High (I Was Wrong)

Benjamin Cowen www.youtube.com

Brief Summary

In this video, Benjamin Cowen discusses his unexpected conclusion regarding Bitcoin's performance, admitting that he was wrong to predict it wouldn't surpass its May high. He expresses his regret over missed buying opportunities and acknowledges the challenges of navigating financial markets. Cowen also shares personal reflections on his recent trip to New Zealand and his intention to continue providing content.

  • Cowen admits he was wrong about Bitcoin's price predictions.
  • He emphasizes the importance of seizing market opportunities quickly.
  • Shares insights from his recent travel experiences.

Bitcoin's Surprising Performance

Benjamin Cowen opens the video by acknowledging that he was incorrect in predicting that Bitcoin would not exceed its May high. He candidly talks about the difficulty of admitting mistakes in financial markets, noting that Bitcoin has rallied to approximately $85,815. Cowen reflects on his strategy of buying below $30,000 but regrets that the opportunity only lasted for five days, illustrating the need to act quickly in the market. He expresses a sense of defeat but encourages viewers to focus on those who were correct in their predictions.

Personal Reflections and Recent Travels

Cowen shares that he has recently returned from a trip to New Zealand, which was a long-standing dream of his. He expresses gratitude for being able to travel and acknowledges that his recent absence from video production was due to this trip. As he wraps up the video, he thanks viewers for their continued support and states his commitment to providing content on Bitcoin's future movements.

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Transcript

Full transcript of “Bitcoin Breaks the May High (I Was Wrong)”. Click a timestamp to open the video at that moment. Need another video? Use the YouTube transcript generator.

0:01 Hey everyone and thanks for jumping back into the cryptoverse. Today we're going to talk about Bitcoin and I obviously have to do uh my least favorite part of the job and that is admit that I was wrong about Bitcoin not being able to take out the May high. Right? Clearly it has. So, I was wrong and I'm not going to make excuses. I'm not going to, you know, cope uh by looking at other things. I'm just here to say that I was wrong. And, you know, it's tough when this happens. I mean, if you're trying to navigate financial markets, uh there

0:46 will of course be times when we are all wrong. And uh this is one of those times for me, right? Right? I mean, Bitcoin has accepted here. It it rallied above the 50WE. It is now extended that up to almost 86,000. So, 85,815. So, clearly I was wrong. And you know, I have to deal with a fallout of that. out. My biggest regret is, you know, my strategy this year was to start buying in July below.3 risk, which happened, but it only happened for about 5 days. So, uh, I guess that goes to show you when the opportunities arise to

1:34 take more advantage of them. Um, because 5 days was obviously not a very long time. And I've I've been in this position before. Um, you know, I've been loved by the world. I've been hated by the world. Uh, so this is not the first time certainly that I've been hated. As I get older, I find myself more so wanting to not be known by the world. Um, but I I you know, Bitcoin breaking through the May high. Um, this is not what I had on my bingo card for this year. And so I just wanted to say I was wrong and leave it at that. Uh there are other people that were right

2:20 and I think they probably deserve your viewership more uh right now than me. So we're going to wrap it up there. Um and we'll see, you know, we'll see what Bitcoin does for the rest of the year. Thank you guys for tuning in. Uh I actually I just got back from New Zealand. It was a great trip. I hope I can go back. I've always wanted to go there. It was kind of like a lifelong dream of mine to go. So, I'm happy to experience that. And sorry I wasn't able to make videos uh the last couple of weeks. I was just out of town. But I'm back now. And um lucky for me, this is the first video I get to make. So, thank you guys for being here and um uh I will see you later. Bye.

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