In this video, breaking news, J.K. Rolling, one of the most famous people in the world because of the fact that she wrote the Harry Potter series. She has created a huge storm on Twitter about Bitcoin. Why? Well, because she asked Twitter to explain what Bitcoin is. She said I don’t understand Bitcoin. Please explain it to me. And she had no idea what she started by asking this question. People like Vitaly Budarin started to, of course, explained Bitcoin to her. But also Elon Musk jumped in into this debate and tried to explain, Baykal, to J.K. Rowling. And this whole debate is going completely viral on Twitter. I’m going to show you the most interesting replies. And I also want to show you what I think is important to point out when you try to explain what Bitcoin is to someone who is a beginner to Bitcoin. And also in the Bitcoin price, we can see that the golden cross is going to happen within the next few days. Does this mean that a huge Bitcoin pump is going to happen very soon? Or does this mean the exact opposite? Well, I’m going to take a look at all of the proven evidence we have in the chart. And I’m going to show exactly what we should expect, that if you think that that sounds interesting and then I think that you should defiles. Hello, guys, and welcome to the Moon. My name is calling me to bring you this Bitcoin video. And I am going to take a look at the craziness on Twitter, including J.K. Rowling and also Elon Musk. But first, of course, we have to take a look at the Beacon Prize and look at this. We are getting very, very close to a golden cross here on the daily timeframe. And I know that in a couple of days, everyone will be talking about this. So I want to give you a heads up of what I believe is going to happen. And I want to share my opinion about if I think this is significant or not. Well, a golden cross is generally a bullish sign that traders are looking at when basically, basically when the 50 moving average, this green line crosses above the red line, which is the 200 days that is known as a golden cross. And the opposite is known as a death cross. And of course, the two hundred and fifty moving average. These are the two most widely used moving averages. We’re looking at these crosses, and that’s why I am paying attention to them. Of course, you can bring up any moving averages here and you will see many different crosses back and forth, up and down by all of these different moving outages. But traders usually try to focus on the bigger and more widely used ones. So that’s why I’m taking a look at these now. And let’s just backtrack a little bit and see if we got any good signals from this. First of all, if we zoom out a little bit and just take a look at Sin’s back in 2018, we did see a death cross right there back in March of 2018. And of course, this was a great signal because if you sold there and bought back at the next Golden Cross, which was right there, then you can see that. Of course, you made gains here. Let’s say you sold right here at the death cross and you bought back right there at the Golden Cross. Then you made 32 percent on this short trade. And the same can be said to the upside here. Let’s say you bought this golden cross and you sold this death cross right there. Well, let’s say you bought it right there and you sold right here. Then approximately you made a 70 percent gain. So, so far, so good. Out of two here, you made fantastic gains. But here comes the tricky part, because, of course, there is no indication that that will ever give us perfect signals. And this is true also for these moving averages because if you sold this death cross right there and bought back at this golden cross, then actually instead of making money, you would actually have lost approximately nine percent or so, maybe even more. And let’s say. 13, 14 percent on your trade. So that would have been a very bad trade. And let’s take a look at the next one here. Let’s say you bought this golden cross right here and you sold the Death Cross, which was right down here. There you can see that this here would also have been a losing trade with almost 40 percent loss because basically this is death cross down here happened way below where the Golden Cross happened. So this begs the question, what is going to happen when this golden cross happens? Because this golden cross will happen within the next few days here. And actually, well, the past one, two, three crosses here were opposite signals. And you can even see very clearly from this single back here. This was a death cross. But the Beacom price pumped 40 percent in just two days here. So that was actually the opposite signal. And you could also call this signal here. This golden cross was also an opposite signal because from this golden cross because it had this massive 70 percent plunge. So what do I believe? Well, I don’t pay too much attention to the Golden Crosses then. Death crosses. Not for my specific trading. However, I do think it’s important to incorporate this into our analysis because we know that thousands, maybe even hundreds of thousands of traders might look at this and trade based on it, whether it’s going to be used as a counter indicator or a normal indicator. I don’t know, because usually it’s actually used as a good buy signal. But like I just showed you, the past few signals have been counter indicators, basically showing us the exact opposite from what you would have expected. But it is hard to deny the fact that when moving averages cross to the upside, that is, of course, a bullish thing, showing us that the momentum is shifting and that we are trying to establish an uptrend. So let’s just keep this mildly bullish, but nothing that we should trade based on. But we can use this indicator in a basket of other indicators to give us a drink general sense of what we are seeing here. And as I told you so many times before, I want to see Bitcoin break above ten point five K before I go overwhelmingly bullish. I mean, we are in an uptrend. That is a very bullish sign, but it’s just so much significance up. It’s ten-point five that we need to see this broken before we can see these bigger, huge pushes towards twenty thousand dollars. And a heads up, guys, today is the last day to get to this housing discount on Ledger Nano, as you can get 50 percent off of your religion on us with this code. We are the Bullrun. So if you go down into the PIN comment, they use my link. It’s an affiliate link that you will be able to get legit for only half the price. It is the most secure device in crypto. The only device that might be better is the larger nano x, but they don’t have a discount on that one right now. So if I were you right now and I don’t have any hardware device, then I would choose the legend nano as it is cheaper. And now it’s even cheaper with 50 percent off. So this is a steal. It’s completely dirt cheap. You get so much value for the money. It’s completely insane because you need to secure your crypto, not your keys, not your bitcoin. And here comes the big story of today. Most of you probably already know who J.K. Rowling is. She’s infamous. She’s extremely famous for writing the Harry Potter books. So I think most of you already know who she is. And the big news now is that she has been creating a big Twitter storm about Bitcoin because of the following. So this person tweeted this posed, and then we can see how someone tweeted, J.K. Rolling is my favourite. And then this original poster says, if she ever pains me, I will die from happiness. And then just fall five hours later, the J.K. Rowling actually replied. I said I don’t understand Bitcoin. Please explain it to me. Got seven point seven thousand likes and completely created this huge Twitter storm with thousands of people jumping in on the action trying to explain what Bitcoin is to her and. Well, I must say, I’m a little bit disappointed because most of the explanations are very, very complicated, very vague and are not very noob friendly. I mean, first of all, Vitelli Booth Goodwin here, he says it’s a digital currency. There are 18 million units of it’s approximately it’s not backed by anything. It’s just valuable because it is like collectables. There’s a network of computers which anyone can join that maintains a decentralized global Excel spreadsheet of how many coins each person has. Now, to us, this might sound very obvious, but I think you need to dumb it down a little bit more to someone who’s completely new to crypto and doesn’t even know what Bitcoin is in the first place. And the big Bitcoin handle, Twitter said. Wizards still need to trust Gringotts Bank. Bitcoin fixes this. And, of course, this was one of the most upvoted replies here. And then later, J.K. Rowling tweeted that she found an explanation, explanation that makes sense. And this guy, Mike, says, imagine that something exists which doesn’t actually exist. That’s Bitcoin. And she also later said here that this all started as a joke. But no, I’m afraid I’ll never be able to log into Twitter again without someone getting angry. I don’t own Bitcoin. One day you’ll see a wise and old woman in the street trying to trade a Harry Potter book for a potato. Be kind. She did try to understand and she did, claiming many of these posts that she’s really, really trying to understand Bitcoin, but she just doesn’t get it. It’s too, too much-complicated words. It’s too much too many metaphors that she doesn’t understand. And I think this is a big problem with us in the bitcoin and crypto space. We assume that all of our buzzwords will make sense to newbies, but of course, they don’t. I mean, we are too used with all of these buzzwords. We have our little crypto bubble. We need to realize that Bitcoin is not that easy to understand right off the bat, especially when you don’t understand the flaws of the monetary system. And this is something that I usually say very often that I think that, ironically, the value of Bitcoin doesn’t come from Bitcoin itself. Rather, the value of Bitcoin comes from the flaws of the current monetary system. Without the current monetary system or more accurately, if this monetary system was working perfectly, then we wouldn’t need Bitcoin. For example, if we had a perfectly working gold standard where we could trust all the banks, Bitcoin would be completely worthless. But this is not the case. We have a bankers banking system that is corrupt and fundamentally flawed, and we need an alternative, a more reliable and more fair alternative, and that is Bitcoin. And that’s something that I think we should point more towards when we explain Bitcoin to newbies. We need to first give them the reason for Bitcoin. But this story doesn’t end there because this story took a big turn when Elon Musk even came in here and started to answer J.K. Rowling. So she made another tweet saying that I don’t think I trust this as a reply to this reply that I showed you earlier in this video. And then she says here that people are now explaining Bitcoin to me. And honestly, it’s blah, blah, blah, collectables, My Little Pony, blah, blah, blah. Computers got one of that blah, blah, blah. Crypto sounds creepy, but I understand the risk. I don’t, though. Basically, she’s saying that she just doesn’t really get it and people are not really doing a great job of explaining it. And Elon Musk said pretty much, although massive curs issuance by government, central banks are making Bitcoin Internet money look solid by comparison. So he is actually pretty more towards the fact that we are seeing a global phenomenon where global central banks are printing Cursi out of nothing. And this is the main reason why we need Bitcoin. So I think Elon Musk, they may be a better job than most other people here. And he came from the perspective that I usually take. Like I explained to you and he also pointed out once again here that I still only own a zero-point twenty-five bitcoins, by the way. And by the way, guys, if you own more Bitcoin than Elon Musk, please leave me thumbs up on this video. And then Tyler Winklevoss asked Elon Musk to this question here. Then how are you going to pay for things on Mars? That’s a whole nother story. But I think it’s an interesting point. And I think Bitcoin would be the perfect intergalactic currency because you don’t need a central bank on one planet. Basically, you can use Bitcoin throughout all the planets using a collective network. So actually, if you want, is very serious about this whole space colonization that he should consider Bitcoin the best choice of money for this new world that he’s trying to create. But this is this was a video a true hope that you enjoy. Please leave it. Thumbs up if you did. Let’s see if we could push this video to three thousand lives. And if you haven’t seen this video link right there right now and I’ll see you tomorrow.