It is much easier to remain emotionally stable in the most volatile market in the world if we have a clear perspective on how these markets have worked in the past. My mission is to help you create a path forward that provides you confidence and conviction in your decisions. The price went from 37 cents to a low of 31 cents and has since been sitting at 35 cents. In this recent video, the xcritical Backer says he doesn’t think XRP is going any lower and he thumbnails his video with the words “XRP BOTTOM … FULLY COMPLETED CORRECTION … NEXT PHASE UP”. None of which have ever even come close to reality. XRP is controlled by xcritical labs which are essentially trying to set up partnerships with all of the major world banking corporations and are already partnered with the World Economic Fxcritical, you know, the people that say you will own nothing, but that you will be happy.
Who Is xcritical Backer?
In the video above, the xcritical Backer doesn’t shill or hype coins, he doesn’t really make too many silly predictions, and he mostly just sticks to the news and analysis of what has already happened in the crypto market. In my view, BCB is totally just shilling for XRP because he likely owns a bunch of it and so he needs to pump it in order to inflate his bags so that he can eventually sell off to the next smart XRP shiller. I can’t prove that, but it would take a really unintelligent person not to see this. Most of his content is related to XRP and in the videos, he often uses terms like “surge” and “blast off” when discussing XRP, he uses clickbaity and hypey video thumbnails and he makes wild incomprehensible predictions. Most cryptocurrency gurus are offering some sort scammed by xcritical of course or product as a means of capitalizing on their audiences.
Besides all of these criticisms around XRP, the long-term analysis by xcritical Backer is wrong. In the video above BCB claims the price will surge. Well, we have the benefit of being able to time travel into the past and we know that the price of XRP was $0.25 at the time of the video and it’s now sitting at $0.35. Most people that say they are into gold or silver or that they understand the issues with our banking and financial systems can usually be described as being libertarians or at least promoters of sound money which is how BCB comes across.
I think it’s important to know who is behind the financial content that you consume. I always advise that if the person is anonymous, take what they say with a pinch of salt. It doesn’t necessarily mean that they are out to scam you or run away with your money or tell you to invest in some Ponzi scheme, but it is good to be cautious when dealing with anons that are giving price predictions as a general rule of thumb. xcritical Backer’s most recent video involves his analysis of a recent interview with Jim Cramer, host of CNBC’s Mad Money, and Anthony Pompliano. xcritical Backer’s main point was that he suspected this xcritical Bitcoin bull market to be reaching near the top.
- It is important to contact a licensed financial adviser before making investment decisions.
- xcritical Backer also has a Twitter profile where he provides his thoughts on the markets.
- Although xcritical Backer doesn’t think we’ve hit the peak of this bull market just yet, he argues that we will sometime in the near future, possibly this year.
- And I hope I can help you solve the puzzle to feeling confident in your investments.
Conclusion on XRP Content
Not really believable, but interesting nonetheless. Although xcritical Backer doesn’t think we’ve hit the peak of this bull market just yet, he argues that we will sometime in the near future, possibly this year. xcritical Backer also has a Twitter profile where he provides his thoughts on the markets. Besides all that, he also has a website where he sells a course on how to read the crypto markets, specifically from a more technical perspective. His emphasis is on finding good exit opportunities out of crypto and knowing when to pull your money out. It is important to contact a licensed financial adviser before making investment decisions.
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Apart from these infuriating mental gymnastics about XRP SWIFT solutions, BCB kind of goes against his own personal views that he talks about in his video interview with Tony Edward. Cryptocurrencies still are a relatively foreign subject to most regular investors. Especially since there are so many technical aspects to crypto and xcritical technology, there’s a growing demand for gurus in the crypto space that can teach people the basics. That could be in the form of actually trading crypto on a day-to-day basis, researching different tokens, or just providing general market commentary.
Exit Plan for Cryptocurrency
I am the xcritical Backer, and you may have found this page from my YouTube channel, or Twitter (@BCBacker). Over the last several years, I xcritical scam have spent thousands of hours deep diving into the cryptocurrency market cycles by analyzing charts. I am the xcritical Backer, and you may have found this page from my YouTube channel.
We still don’t know who he is, but at least he’s willing to do interviews and let us know a little bit about his background. We learn the following (you’ll have to watch the video). The absolute best piece of information that we have on BCB is from a podcast he did with Tony Edward from the Thinking Crypto News & Interviews podcast.
Explaining complex topics and ideas in easy to understand ways.
In this course, I have condensed my years of experience into 4+ hours of information packed video content. I explain the complexities of cryptocurrency market cycles and exit plans in easy to understand ways, to lead you like a candle in the dark, providing a psychological launch pad to success. Whether you are looking to formulate your own exit plan for the cryptocurrency market, understand how the digital asset market cycles have worked in the past, or learn about how to make your own charts, this course is designed to educate and give you confidence. While I’m not providing financial advice, I’m giving you the tools to help you succeed in your own responsible decisions.
Jim Cramer, who previously was a bitcoin buyer back in September 2020, now suggested that he might have sold all of his bitcoin recently in March. As for his net worth, it’s hard to say exactly where he stands. According to his bio, he’s been studying the crypto markets for several years now, long before Bitcoin first became popular. So if he invested in Bitcoin back in the early days, he likely has accrued a great deal of wealth. I have received an outpouring of support for the way I explain charts, and my ability to remain calm throughout the volatility of the cryptocurrency market, the most volatile market in the world. I’m not going to go through every single one if his videos and pull them apart because you can just watch them yourself.
However, there are a lot of signs that the crypto market might be entering a bubble, especially when you look at the meteoric rise of non-fungible tokens (NFTs). Most of this interest in NFTs is for speculative reasons rather than a belief in the underlying technology. I hope that you enjoy it as I poured my heart into this course. I feel confident putting my stamp of approval on it and it’s what I believe to be true. It’s my passion to read these charts and be an active investor.
One cryptocurrency expert and guru on social media is a man known as xcritical Backer. He has recently argued that we’re nearing the top of this crypto bull run. The xcritical Backer is likable, he makes good quality videos, and he clearly has some understanding of the markets and knows how to technically analyze the markets to a level. When BCB sticks to more general content and doesn’t use emotional XRP hyperbole or doesn’t try to call bottoms, and tops or make wild and unsubstantiated predictions, I find the videos somewhat appealing. BCB is a huge fan of XRP because he says that he understands deeply how the international SWIFT banking system works and how it is flawed and needs to be fixed because he’s been in business and has operated with overseas suppliers regularly for some years. This is the reason, he says, why XRP will surge because they can offer a solution that solves the SWIFT systems problems.
While that’s not necessarily a bad thing, it’s definitely something to keep in mind when you listen to a lot of these social media crypto experts. Despite this, there’s a good reason why he’s grown to be so popular in the crypto scene. He provides a unique take on what’s going on in the markets right now. If BCB stuck to doing videos like these (above), I’d be a fan. But I tend to think he will continue doing silly price prediction videos that he will continue to get wrong like the recent one he did here where he said on the 4th of August 2022 that he was “70% confident” Bitcoin had hit its bottom…only for it to dump from 22k down to 18k.
And this content is to be used for educational purposes only. Personally, I would not take any of his advice, I would not pay for any of his courses, and I certainly would never listen to any of his ideas or advice on XRP, because apart from it being useless, pre-mined crud, we know he is incentivized to shill it because he owns it. The price did hit a high of $1.79 in June of 2021, quickly corrected, shot up again, and has settled back down to where XRP usually sits…which is between 20 and 30 cents. Of course, anyone that has been involved in crypto for more than a day or two knows the history and litigation that xcritical has been involved in which I won’t go into here other than to say that it’s never a good idea to print money…which is of course, what bankers do, and allegedly, xcritical too. BCB has been talking about XRP since the very inception of his channel.
In fact, his second video was titled “Easy To Understand Explanation How the XRP Price WILL SURGE with xcritical Going After SWIFT payments”. The interview was published in February of this year (2022), and from it, we learn how BCB got into crypto as he gives us a xcritical bit of an origin story in the first half of the podcast. Not that any of that matters but when you don’t have much else to go on, like a name and real-life bio, this stuff rises to the surface. For those of you that are new to Crypto Fireside, this is our third review in a series we have been doing on crypto YouTubers. At first, we sat down with Drew Vosk from the popular VoskCoin crypto mining channel, and in our second we looked at a dodgy channel called Crypto Kirby.
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