Playing to Win - 067 - Profiting From The Bitcoin Crash

00:00:00.000 there we go helps if you turn on the mic when you do these shows all right how's everybody

00:00:13.160 doing today let's uh let's hop straight into this um let's talk about crypto there's blood

00:00:20.060 in the streets how do you like your crypto now rich you should have bought gold and silver ha ha

00:00:25.580 oh this will be fun okay so you guys are looking for uh some some feedback you know whatever my

00:00:35.420 opinion on what's going on with the crypto markets and what i think of them and how i use them so

00:00:39.440 you've been asking i shall tell you i shall dispense this is a solo show today i don't have

00:00:43.420 a guest i got a guest next week i'm going to be doing um i think george gammon's scheduled and

00:00:48.720 we're going to be doing a little chat about the economy and such but today i want to talk to you

00:00:53.160 guys about cryptocurrencies bitcoin staking doubling your bitcoin a bunch of strategies

00:00:59.380 that i've learned over the years that i found have worked and what hasn't if you guys are arriving

00:01:05.820 uh do me a solid and hit the like button just helps me out with the algorithms

00:01:09.340 and uh let's get right into this man um i'll probably drop the join link for you guys to

00:01:16.640 ask questions towards the end of the show i've got maybe 60 to 90 minutes to do this one so

00:01:22.000 i got i got loads of time we'll be able to cover lots on this so buckle up buckle up guys buckle up

00:01:29.180 all right so what should we start with and feel free to drop questions in the uh the chat the um

00:01:36.040 the questions will be thrown up on the screen i'll get to them as i get to them um generally

00:01:40.180 super chats pop better uh so what coins am i buying let's start actually let's let's start with

00:01:45.800 what's going on here right now because we're in a massive correction it's not even massive but it's a

00:01:49.760 big correction let's just you know call it what it is it's a correction the whole like markets go

00:01:56.020 sideways they go up they go down they go left they go right that's what they do volatility is good

00:02:01.260 it's like listen people that freak out and get pissed off about the crypto markets oh i lost the

00:02:08.640 bag or da da da or usually it's for one of two reasons the first reason is they don't have a long

00:02:15.200 enough timeline meaning they're focused in the very short term they're hoping to like

00:02:19.980 10 000 x a two thousand dollar investment in some shit coin that's in like the top

00:02:25.880 like 19 000 or something like that and it was a terrible investment it went nowhere and they lost

00:02:31.980 everything on something they rolled the dice on they were they thought was going to make a huge amount

00:02:36.700 of money and the other part of it too is a lot of guys they'll buy bitcoin or ethereum or you know

00:02:42.940 something in the top 10 but then they'll go and swap it out or they'll trade it for some other

00:02:48.020 shit coin or they don't have a long enough timeline realistically first tip for you biggest tip that i

00:02:53.800 would give you and it's one that i adopted probably in the last couple years i mean i've been playing

00:02:59.080 around with cryptocurrency since 2017 i think i even have videos on the channel from way back in the day

00:03:04.400 too uh just talking about random shit that i was tripping across when it became interesting for me but

00:03:09.060 if you're not invested over let's say a four a four to ten year timeline it should be at least four

00:03:16.960 years right if you're not getting into crypto for the long haul you're in the wrong spot honestly dude

00:03:23.500 like you're you're probably going to get wrecked you're probably going to lose the farm you know

00:03:27.740 you're going to put it in some stupid shit that you saw on a youtube video or or a friend told you

00:03:33.740 about or some rando you know across the streets talking about it to some other rando who's done

00:03:38.000 nothing with their life and they recommend some shit coin and then you go and pile it all in

00:03:42.360 because some some stranger says oh you know this is a uh this is a little known secret and i have

00:03:48.020 insider information or something like that these guys get wrecked all the time so the first tip that

00:03:54.140 i would want to dispense on you guys is think longer term definitely think longer term way longer

00:04:00.400 term those of you that are trying to buy in and out in four months or six months or 12 months or a

00:04:04.260 year and a half or two years yeah my opinion don't and i'm going to tell you what i do which works

00:04:09.860 and makes me money so that's the first thing the second thing is what do we got here on the crypto

00:04:16.400 markets today we have i just use coin market cap i know other people like other um platforms but

00:04:23.240 currently they've got 19 419 cryptocurrencies listed you think that you're going to roll the dice

00:04:30.840 and anything that's out of the top 10 and win really you have a crystal ball you can lead into

00:04:38.220 the future and see what's going on because the vast majority and when i say the vast i'm talking

00:04:42.680 like 99.99 percent of all of those coins are not going to be around probably in five to ten years

00:04:48.960 in fact it'd be an interesting experiment i'm sure somebody's done this at some point

00:04:53.600 if they went back to pre-2017 levels and check the list and i think back then there was something like

00:05:00.400 nine or ten thousand so about half the amount of coins today probably the vast majority of those

00:05:05.320 have gone to nothing or disappeared okay so the vast majorities are going to disappear

00:05:09.980 the reason that i only play in the top 10 is because of that i've learned my lesson i've i've put vast

00:05:17.140 amounts of money in shit coins and for the most part i i lose it okay it doesn't go anywhere um you get

00:05:23.580 pissed off you feel let down somebody lied to you there it's it's mostly because pump and dumps right

00:05:29.640 and that's one of the things you got to be careful with with you know like the youtubes today is

00:05:34.120 there's a lot of guys that run channels that have vested interest in cryptocurrencies that they then

00:05:39.000 push on their audience or you know their pdf or their gumroad or the course or whatever

00:05:43.600 a shitload of people buy it it pumps up the price of it and then they get out and they take profits and

00:05:50.120 then you guys are left holding your you know with nothing so my next piece of advice is stay in the

00:05:57.760 top 10 do not do not mess around with anything outside of that if you want to go into the top

00:06:04.280 100 if you know you've got something going on that you know about it's well researched but generally

00:06:11.020 speaking my advice to newer guys is stay in the top 10 you really can't go wrong if you buy and hold

00:06:15.580 bitcoin or ethereum over five or ten years um i think the chances of you doubling tripling or quadrupling

00:06:22.400 your money are much much higher significantly higher in fact than you finding some shit coin

00:06:28.840 in the top 19 000 that you're going to put a few grand in that's going to turn into 2 million

00:06:33.620 um chances of it happening are very slim i'm just being honest i've i've played those odds i've looked

00:06:40.680 at the odds the odds are even worse today than what they were in 2017 when we had half the coins

00:06:45.120 on the list and you had half to choose from but the proven winner is still bitcoin that's where all

00:06:51.120 that's where all the institutional money goes that's where michael saylor puts all of his money

00:06:55.880 that's where all the big guys are parking it that's where the etfs come from the pension funds

00:07:01.940 um australia just launched i think an etf today canada's had several of them for quite a few years now

00:07:08.360 that have been um licensed and regulated uh qbtc i think is um the one that i've had for a while

00:07:14.620 and it's cool because i mean like you've got a you know you've got an rsp or some kind of

00:07:18.440 retirement plan you just throw some money into it it uh it goes up when bitcoin goes up it goes down

00:07:24.780 when bitcoin goes down i don't need that money probably for 15 or 20 years so i don't really

00:07:29.000 give a shit what happens in the short term and neither should you to be honest with you um you need

00:07:33.980 to think longer term everybody that's so pissed off today about the markets oh it's red it's a

00:07:38.680 bloodbath ah it's because you're not thinking long term um you know if you zoom out on where's the

00:07:45.620 bitcoin chart here let me throw it up on the screen share share share uh window and boom

00:07:53.480 if you zoom out and where are we at right now this is uh one day what a beauty what a beauty

00:08:03.840 i've been buying all all across here and i'm going to show you how i use b2x loans to double

00:08:09.180 my bitcoin for practically free towards the end of the show so stay tuned for that so let's let's

00:08:13.900 zoom out let's go all okay you know like i bought bitcoin all the way up on 2017 i also bought it here

00:08:23.400 in 2017 as well and i sold some bitcoin up around 20 um you know like up over here on the way up again

00:08:31.100 you know had i held on to it i would have been far better off like it's it's still it's still at a

00:08:36.720 it it would have still shown a profit on my balance sheet had i had i held that basically it's a long

00:08:43.060 you know it's a long whole thing right you know everybody thought that you know bubbles are going

00:08:47.360 to burst it was going to go to zero when it was at uh i think 17 19 000 19 4 i don't know whatever it

00:08:52.560 was it was like 20 000 just over 20 000 canadian everybody thought it was all going to go down

00:08:57.240 to disappear and they panicked and the market collapsed and it went down to 3 000 and changed

00:09:01.200 and i bought a whole bunch down over here and here as well too but if you just buy it and hold

00:09:06.020 it long term because you don't need it ideally for 5 10 15 20 years um there's only 21 000 or sorry

00:09:14.880 21 million of these things they're never going to make any more of them they can't make any more

00:09:18.100 of them it's impossible okay it's it's it's in the code right there's a lot of people that come up

00:09:22.960 with the reasons why it's going to fail or gold is better silver is better this stonk's better that

00:09:27.400 stonk's better good go buy them i don't give a fuck you know buy buy whatever you think works for

00:09:31.900 you i'm just i'm just sharing with you guys what i've seen and what and what works for me and i've

00:09:36.480 got at least 50 or 60 percent um of my money in cryptocurrencies and that's mostly bitcoin and

00:09:42.960 ethereum so i'm just telling you what i do straight up all right i mean you know whether you'd bought

00:09:47.660 here here here or here or here or here it doesn't matter this this chart's going to keep going up

00:09:53.440 over time it's a proven strong asset class that outperforms every other asset class out there and

00:10:01.140 has done so for years now so i don't care don't listen to me what do i know right i'm just showing

00:10:06.780 you what i see i just point to the facts you may not like them it doesn't matter to me all right so

00:10:12.820 let's talk about uh i got some other notes here how to not get wrecked we talked about the shit coins

00:10:18.360 oh let's talk about some of the other stuff out there look look nfts um who is it gary vanderchuk

00:10:25.680 gary v gary vanderchuk has been selling his shit at nfts i think last year if i'm not mistaken

00:10:33.620 he declared that he made i don't know what the number was it was tens of millions it might have

00:10:38.360 been 70 or 80 million but it was a huge number somebody can correct me in the uh the chat but he made

00:10:42.400 a huge amount of money selling nfts nfts have a use case not right now though if you're buying

00:10:50.680 apes board apes pineapples lions i don't give a shit what you're buying whatever cartoon character

00:10:56.200 you're buying you're wasting your money jack dorsey's first tweet you know whatever the fuck

00:11:00.460 it is like whatever you're buying right now when it comes to nfts don't like just just don't guys

00:11:05.920 okay i'm just i'm just saying it it needs to be said oh man i already feel like my blood pressure

00:11:16.140 is going up looking at some of these over here uh thanks for the podcast and entrepreneurship

00:11:19.500 content thanks brother um all right so what else should we cover here how familiar are you guys

00:11:26.940 with staking do you guys do any staking right now let me know in the chat let me just go actually let

00:11:33.340 me let me put a little poll here in the chat for you guys there's a pull button pull pull pull there

00:11:39.780 it is okay let's see what you guys are at are you buying bitcoin right now ask your community

00:11:53.420 all right take that poll let's let's see where you guys are are you buying are you are you scared are

00:11:59.440 you sitting on the sidelines are you not buying do you think it's going to go lower you guys let me

00:12:03.600 know let's see what that thing comes up with you gotta you gotta love these live polls man this is

00:12:09.080 like this is so cool you know when i started doing this youtube stuff in 2014 none of this shit existed

00:12:13.640 it was turn on the camera and talk to it live streaming polls super chats stream yard all like dude

00:12:21.420 anyway um so we talked about nfts talked about shit coins uh coins to buy again coins to buy i always

00:12:29.240 try to stay in the top 10 um i'm just going to tell you the ones that i like you guys do what you want

00:12:35.020 i know some of you are going to disagree or agree what we got we got bitcoin which is clearly a store

00:12:40.380 of value few people will still debate that today although there are some people that aren't

00:12:45.080 particularly smart and seem to think otherwise um but there's they're trying to sell you something i

00:12:51.380 mean peter schiff is trying to sell you gold and he doesn't even hold a lot of gold so it goes to

00:12:55.120 show you where you know he puts his money he doesn't put it where his mouth is that's for sure

00:12:58.380 ethereum smart contract um unlimited supply they do burn it so that increases the value

00:13:05.680 but it has real world real world use cases it's not for uh just bored monkeys or apes or lions or

00:13:13.180 pineapples or whatever the hell it is that you know these nft uh nerds are all pushing right now

00:13:17.360 but it has real world use cases way down the road uh tether you're not going to make any money off

00:13:23.940 tether unless you want to get fiat currency onto the blockchain and stake it um staking rates used

00:13:31.580 to be great um tether usdc are basically the top two right now um they're pinned to the us dollar

00:13:39.260 and you can earn really good uh rates on them i think in the past they were as high as 12 percent

00:13:44.000 you might be able to get rates that high on some places like thor chain but unlike standard staking

00:13:50.020 sites which i'll be talking about as well in this cast um the rates have dropped down to 7.5 to

00:13:56.240 eight and a half nine percent they're not that high anymore so it's basically a wash with inflation but

00:14:01.840 if you've got cash like honestly dude at the end of the day if you're sitting on five like 500 bucks

00:14:08.840 thousand bucks 50 000 100 000 it doesn't matter whatever cash you're sitting on right now is

00:14:14.060 becoming worth less and less every single month there's no question about that it's not it's not

00:14:18.680 open for debate inflation is destroying the buying uh power of your fiat currency blockchain bitcoin and a

00:14:27.560 lot of these solve that um there was a stat that i saw the other day that one us dollar i think from

00:14:34.660 1920 uh has lost 99.97 of its value like buying power because of inflation so if you're sitting

00:14:44.080 on cash or stashing cash under your mattress or putting it in a safe um you know the other day i

00:14:49.300 was over at a friend's house and he's um he's in the trades he's a contractor and um we had to go to

00:14:55.340 a safe we were talking about precious metal and he opened it up and he had like stacks of cash i'm like

00:15:00.280 dude what the fuck are you doing holding on to all this cash i'm like it's worth like

00:15:04.280 eight ten fifteen percent less every single month i'm like convert it to like usdc and then earn some

00:15:11.880 interest on it if you're afraid of like cryptocurrency or at least start with something my advice in these

00:15:16.360 markets at these lowest prices buy crypto buy bitcoin i mean why the fuck wouldn't you

00:15:20.940 i don't know man uh but anyway so the uh pin to the us dollar uh usdc tether uh bnb binance uh

00:15:32.860 whatever it's on it's on the binance uh blockchain i can't really use that anymore because i'm in

00:15:37.260 ontario and they they took that away from us i used to love using binance it was so easy to use

00:15:41.600 access to so many coins the ontario securities commission took that away so um can't use that

00:15:47.000 anymore if you're here but bnb has future promise they might open up a like a binance.ca

00:15:52.820 or binance.ontario.ca something like that for people here that can start to use it again but

00:15:57.980 they don't comply with regulations and that's the thing with regulations you know regulations are coming

00:16:02.220 xrp ripple not a big fan centralized banks love it banks will be using it uh quite a bit in the future

00:16:10.860 uh at 39 cents um what else is in the top 10 binance usd which is another stable coin by binance

00:16:18.600 cardano smart contract uh very fast i believe there's a limited supply let me just double check

00:16:25.300 here uh max supply yeah there is a maximum supply so that's good um binance usdc solana another smart

00:16:34.520 contract uh deal there is no max supply so it's like ethereum beautiful thing about solana

00:16:40.800 is it's super fast man whenever i've bought it or moved it around or put it anywhere it just it's

00:16:45.760 basically instant i think it's faster than credit card processing if i'm not mistaken

00:16:49.480 but the ones that i have in the top 10 uh bitcoin ethereum uh i've got some usdc in certain timing of

00:16:57.340 the market which i'll explain a little bit i've got some binance i've got cardano i've got some xrp to

00:17:02.520 make you know profit from what the banks are going to do with it i've got solana i've got a bet on

00:17:07.360 polkadot as well and that's really it i don't touch much else that's it but again like 85 percent

00:17:13.200 of it's probably bitcoin um maybe like 90 percent of it's probably bitcoin and ethereum if i'm being

00:17:17.920 honest most of it is in the top two so that's just how i play it you want to throw you know grab a

00:17:24.780 bunch of something else cardano is cheap 50 cents i mean you can buy you know 10 000 of them for like

00:17:31.480 five grand um it could go up to 30 bucks it could go up to 300 bucks who knows what it's going to do

00:17:36.680 in the future but one of the things that i've been doing you know to kind of offer a little bit of

00:17:40.540 insight is i'll pay very close attention to google trends and also pay very close attention to where

00:17:47.360 developers are spending their time on what platforms um salon has attracted a lot of developers

00:17:53.260 cardano's got some um ethereum of course has a ton polkadot has some as well so you know it seems

00:18:00.240 like i think anyway polkadot solana cardano those will be the ones competing for the next place behind

00:18:07.300 ethereum which one of those take off i don't know we'll know in time but the market's correcting right

00:18:12.420 now this is your buying opportunity by the way if you've never got into bitcoin this is probably going

00:18:17.140 to be one of your last chances to buy one bitcoin for under thirty thousand dollars um is that going

00:18:22.880 to happen again i doubt it it may it may not but by the time the next halving comes around

00:18:27.820 in uh two years um the chances of you buying a bitcoin under thirty thousand are pretty much

00:18:33.980 going to be zero i can tell you that right now but anyway what do i know people don't like to

00:18:38.820 listen to everything so they want to argue all the time right small sol gray what's your opinion

00:18:43.360 of the agency to buy bitcoin from acorn i don't know what acorn is what's acorn let me have a quick

00:18:48.980 look here what's acorn related to bitcoin uh looks like it's an investment site it's probably american

00:18:59.040 i've not heard of it yeah i've not heard of it it's not something that i'm that i'm familiar with

00:19:05.140 sorry dude um okay so let's talk about usdc accumulation actually let's talk about staking

00:19:13.080 first you guys want to do staking let's do staking let's see how this poll's doing by the way

00:19:16.760 where is everybody on this are you buying bitcoin right now yes 47 no 53 dude the 53 of you that

00:19:27.120 are saying no have fun being poor anyway

00:19:33.360 that's that's actually great news because if we're able to sustain the price of bitcoin right now with

00:19:41.860 more than half of my audience which is mostly unplugged you guys are definitely red pilled

00:19:46.260 still thinking that you need to sit on the sidelines and not accumulate bitcoin that's a

00:19:50.980 great thing because there's tons of money coming in i think i'm not mistaken less than uh two or three

00:19:56.380 percent of the world population has a bitcoin wallet not much and they ain't making any more of it

00:20:02.260 don't go spending your money on nfts don't go spending your money on fucking real estate in the

00:20:07.900 metaverse guys living in their parents basement buying real estate in the metaverse when they don't

00:20:13.120 own their own fucking house come on guys smarten up let's get on top of things here all right so

00:20:20.800 let's talk about staking so i got a i got an email the other day from one of these uh or a notification

00:20:31.120 so i'm not going to mention them because people get pissed off when you talk shit about their companies

00:20:36.020 but i got a notification from this uh high interest savings account um that i have a account with that

00:20:43.140 i used to store cash in and i'm laughing because it's so funny because they're offering you a promotional

00:20:49.140 rate on uh what is this asking me to verify right now cancel um they're offering you a promotional rate

00:20:58.420 on us dollars deposited i think at 1.25 percent the rate of inflation is definitely over 10 percent when

00:21:06.180 you add it all up and roll it all in and they're offering you a promotional rate of just over one

00:21:11.700 percent like oh wow that's awesome i should go convert everything i have to us dollars and stick

00:21:18.740 it on your shitty platform to make just over one percent while inflation erodes away the the buying value

00:21:26.980 of any currency that i have like people still fall for this it's on but it like it's it's unreal to me

00:21:34.340 but hey you guys will be believers in time maybe not this year maybe not next year but you will be

00:21:39.700 believers when you see bitcoin up over 100 000 and up over half a million and up over a million

00:21:45.860 anyway i've placed my bets sit on the sideline if you want so let's talk about the um the cycles and

00:21:53.700 the accumulation of bitcoin using usdc i've put a uh are they here in my description yeah okay so

00:22:04.900 um let me so if you go to the description of the video i've dropped links in for

00:22:11.700 um a platform that i use a ton of called lendin.io and holdenot.com i'm going to be

00:22:17.620 talking about those in a minute let me get this super chat i think bitcoin has a bit further down to go i

00:22:23.060 bought 10k of cadena cadena what the hell is cadena is that like one another shit coin that i've never

00:22:30.980 heard of let's see k-a-d-e oh for fuck's sakes why why would you spend your money on this dog

00:22:39.220 shit anyway do as you want with that do as you want with that um jc says whatever happened to

00:22:50.020 becoming a millionaire the old-fashioned way this this is the new fashion way jc this is the new

00:22:55.700 fashion way in five to ten years i mean if you can accumulate a couple of bitcoin in five to ten years

00:23:01.540 you'll be just fine you you'll be more than just fine um but don't listen to me it doesn't matter to

00:23:07.860 me that just means there's more out there for me to buy so let's talk about um using some of these sites

00:23:13.620 to increase your wealth so let me throw this first one up over here uh add to stream

00:23:21.860 so i use this one a lot um it has multiple uses i got introduced to this um about two or three years

00:23:29.300 ago a buddy of mine was on the board um and i was asking him uh for places to stake uh crypto to earn

00:23:36.980 some interest and he told me about um lendin so it's ledn.io don't go directly to it if you go to

00:23:43.860 the description of the video there's an affiliate link where you and i will earn if you click through

00:23:49.460 with that link okay so this is just a standard staking site and they also have another program

00:23:56.740 called b2x but the first thing that i want to talk about is the two coins that they deal with the

00:24:02.100 most it's usdc and it's bitcoin um they're set up in toronto they're well regulated they're properly

00:24:09.380 structured it's not a fly-by-night company i can tell you that so they have uh different programs

00:24:16.100 with uh btc and usd savings account right now the rate is only uh 7.5 percent on usdc but here's

00:24:24.660 the strategy that i use so let me show you the uh the car uh the chart let's get rid of this

00:24:28.900 kadena dog over here buy my coin no okay so let's let's pull out to um let's go here

00:24:42.660 so let's deal with this past bull run here as an example

00:24:47.380 because i started doing this a couple years ago and it works well so bitcoin's around ten thousand

00:24:54.900 dollars here let's just you know put it up over here it starts to go up i stopped buying bitcoin

00:25:00.980 okay i see the prices going up good you see the value of your portfolio going up that's awesome

00:25:05.060 holy shit now it's doubled holy crap it's tripled i've got cash i'm not going to keep buying bitcoin

00:25:11.860 up at the top up over here so what i start doing is i go to london and i buy usdc so i go to my exchange

00:25:20.180 i buy usdc i transferred over to london and i earn um whatever it is seven and a half nine and a half

00:25:27.460 ten percent whatever the rate is offered at the time and i'm and i'm earning interest on a crypto

00:25:33.220 that's pegged to the us dollar it keeps going up i keep buying more i put 10 grand in 20 grand in 50

00:25:39.060 100 it keeps going it keeps going holy shit now it's starting to go down but guess what the value of

00:25:44.020 my usdc hasn't changed it's still pegged to the us dollar holy shit it's going down it's going down oh

00:25:48.900 fuck it went down to 35 by the time bitcoin is worth half of what its value was at its peak

00:25:58.100 okay let's say 63 up over here and it's down to like 29 so less than half when bitcoin corrects

00:26:04.980 by the way it does it routinely somewhere between 55 and 65 sometimes as much as 70 75 75 is pretty

00:26:13.460 extreme but it routinely corrects from its highs by about 60 on average back down and then it comes

00:26:20.580 back up and it does the same thing all over and again and if you ride these waves up so on the wave

00:26:25.060 up you're buying usdc usdc usdc holy it corrected it's down to the bottom it went down 60 i push one

00:26:31.460 button on london on this platform a trade button and i can convert my usdc that i've been accumulating

00:26:38.900 earning interest on to bitcoin at the low price right are you are you guys following me and this

00:26:45.780 is something that you can do over a prolonged period of time you shouldn't be holding on to cash

00:26:51.380 okay fiat currency is dog shit the usdc sorry the us dollar is dog shit

00:26:58.420 it's still the world reserve currency for now but that will change what becomes a world reserve

00:27:04.900 currency don't know could be bitcoin could be something else but i'll tell you something right

00:27:08.420 now bitcoin makes way better sense and leveraging in with usdc into bitcoin and then swapping them

00:27:17.140 at highs and lows another thing that you could do if you wanted to if you see a big run-up you know

00:27:21.540 for example like let's say price was around 10 grand it it doesn't keep going parabolic up to a

00:27:27.060 million it never does a lot of people keep holding holding holding so another thing that you could do is

00:27:31.380 like okay there's an obvious bull run up here it's like holy shit i bought a whole bunch at 10 grand 15

00:27:37.780 20 grand now it's worth 60. you can now take that bitcoin again with the push of a button on the london

00:27:44.580 platform and swap your bitcoin for usdc so now i'm now i'm holding on to a ton of usdc now you can't time

00:27:54.660 the market you're never going to know when the top and when the bottom is but again run-ups can be big

00:27:59.380 but they don't keep going forever they're not parabolic okay they don't they don't go into

00:28:03.140 infinity they always have to correct so now you've converted usdc it corrects you convert the usdc

00:28:09.860 back over to bitcoin and then you ride the wave back up and down again it's a simple process it's

00:28:14.180 not complicated i mean you don't have to be a freaking genius to to do it you just have to

00:28:18.820 you know use some common sense and when you see a big bull run and a big decline like we're in right

00:28:24.820 now okay the markets have corrected significantly where where was the high the high was 67 grand

00:28:32.740 back in november and we've uh what do we touch 28 grand okay a lot of people are like oh it's going

00:28:41.620 to go down to five or ten or twelve the last halving made bitcoin um stupid to mine under 18 000. it it

00:28:49.380 it made no sense for miners to operate at a value lower than 18 000 at the last halving so if it so

00:28:56.420 if the price drops below that you can be pretty sure that the miners are going to stop mining which

00:29:01.380 is going to put less bitcoin on the market whales are going to come and pick up as you know as much

00:29:05.540 as they can and they're going to profit in the long term because they're not stupid right so i don't

00:29:11.060 see it going much lower will it go to 25 will it go to 20 maybe could could do i don't know but like

00:29:17.060 the point being is we've seen a massive correction you should be accumulating bitcoin right now

00:29:22.260 straight up okay so if you follow that simple system watching the waves and looking at the gains

00:29:30.500 you have a massive run up it's not going to keep going holy it's at 58 holy it's at 60. stop holding

00:29:36.820 if you if you really want to you can swap that out for usdc and then buy the bitcoin in it again at

00:29:42.020 the bottom and double your bitcoin essentially with just a couple of quick swaps over a few months

00:29:48.420 this was uh april 2021 to july 2021 okay so that's one way to do it staking is another way on the way

00:29:58.340 up of course which we talked about to earn the interest i have to give you a fair warning though

00:30:03.380 okay because i did some i had an interesting conversation with the uh founder and ceo of uh

00:30:09.620 uh what i got introduced to as a very cool staking company i'm not going to mention the name but i had

00:30:16.180 an hour conversation with them because i put some crypto on their site to stake they offered a

00:30:22.820 tremendous interest rate i think it was like seven percent on ether and like six and a half percent

00:30:28.420 on bitcoin and um because i deposited an amount that triggered a audit or whatever it was i i started

00:30:38.020 getting emails and calls from this guy from the company that was asking for all kinds of information

00:30:44.180 where did you get the crypto we need to see proof of the deposits we need to see proof of the purchases

00:30:49.220 show us the wallet address show us this and i'm just like uh no i'll just take my crypto back and

00:30:55.780 i'll just leave then if that's the way that we're going to play they were fairly new and i got an email

00:31:01.380 from the owner of the company um because he was he was notified of my displeasure with what they were

00:31:08.580 doing and he shot me an email and he's like hey man i'm a big fan of your youtube channel i'll be

00:31:12.180 watching i want to talk to you because we don't want you to leave blah blah blah so i talked to him

00:31:15.620 for an hour the thing you have to understand about a lot of these staking sites is okay how can i put this

00:31:24.180 don't put too much money on a staking site from what i gathered and i wouldn't get like a direct

00:31:31.300 answer on it what i would ask but from what i gathered regulators this was a european company

00:31:36.900 regulators are forcing them to get information on your purchases your transfers wallets the source of

00:31:50.180 the funds and they can lock up your crypto so they won't give it back to you until you provide that

00:31:55.860 information i was lucky because i ended up talking to the founder and ceo for quite a while about what

00:32:03.860 they were doing and what they were asking for and the long and short of it was no it's none of your

00:32:08.580 business i don't feel like giving anybody that information if um if that's a problem then i'll just

00:32:13.620 take my crypto back now had that been someone else they might not have gotten it back they might

00:32:17.700 have had to provide the information that there could have been any number of ways that that

00:32:21.620 could have unfolded but generally speaking i won't put any more than about 20 or 30 grand now on any

00:32:28.820 staking site that's it because anything that comes in at a higher level is going to trigger their interest

00:32:37.060 on what that's all about they're going to want to know everything they can about it and it's not because

00:32:42.260 they're being nosy it's because they're either being forced to by regulators to collect the

00:32:47.300 information and data on you or they feel like the regulators are going to force them to do it in the

00:32:53.220 coming months and they're trying to stay ahead of the curve so just pro tip for you know those of you

00:32:58.420 that have that are sitting on a bit of a bag keep most of it on in cold storage on your on your ledger

00:33:04.660 your trezor whatever it is that you're using keep most of it there and don't put anything more than

00:33:10.980 about 20 or 30 grand i would say about 20 25 grand if you want to be you know conservative on any

00:33:15.860 staking site it doesn't matter what the interest rate it's not worth it to have them dig through all

00:33:20.100 your personal information and know about you you want to stay off anybody's uh like screen like you

00:33:27.780 don't want the attention trust me you don't want the attention um i've got friends that have like

00:33:33.220 hundreds of bitcoins because they started early and like they just disappear they don't they

00:33:38.900 don't keep anything on um any staking site they don't care about the interest doesn't matter to

00:33:44.180 them and when you've got a few hundred of them they're absolutely right right uh they just keep

00:33:49.300 it in cold storage and it's off the blockchain and that's it right so fair warning staking's good

00:33:55.460 earn your interest but play with smaller amounts and as you accumulate bitcoin and the balances get

00:34:01.460 higher and higher get it off the sites put it on a cold storage wallet just get it off the staking

00:34:07.140 sites or uh sign up for another staking sale site where you can also earn another six or seven percent

00:34:12.820 and then you just distribute the new gains on the other site and you kind of spread it out so sites

00:34:17.380 like celsius lendin holdenot um crypto.com even other interest rates suck right now um kraken has decent

00:34:26.180 interest rates on some products finance if you can use it stuff like that um but yeah so spread it out

00:34:33.060 don't keep it all in one place um basically don't keep all your eggs in one basket is what i'm saying

00:34:37.700 okay so uh we've covered that so we talked about staking we talked about usdc swaps to in accumulation

00:34:45.860 to bitcoin and back and forth oh let's talk about the btc loan so the other thing that they offer here

00:34:52.820 on london.io and again don't don't go directly to the site if you click the link in the description of

00:34:58.180 the video it's an affiliate link you and i both earn a couple bucks when you set up the new account

00:35:03.300 so b2x loans is the other program they offer and all that means is to double your bitcoin

00:35:09.940 so let me explain it to you if actually i'll explain it to you in terms of real estate because

00:35:15.700 that'll make far better sense because uh i mean if you're following sailor you've probably heard him

00:35:20.660 call bitcoin digital real estate so this will make perfect sense to you

00:35:23.540 so let's say that you own a house and you've paid off the mortgage and you own that asset

00:35:31.460 oh look let's use these

00:35:37.140 all right let's say this coin it's a toonie this is canada let's say that this is my house and i've

00:35:43.140 paid it off i can now go out and accumulate another house and have two of them if i use the b2x program

00:35:52.020 because what i do is i collateralize this new house with the old house and now i have two houses

00:35:58.900 there's a loan that you then take out on the second house just like a mortgage just like you

00:36:04.900 would you know if you're buying a house renovating it paying down the mortgage and then you borrow

00:36:10.180 against that house to get another house to accumulate more doors and build a real estate empire that's

00:36:14.980 how most guys start is they just start with one borrow against that do another one borrow against

00:36:19.620 that one do it do it over again so the b2x zones is a very similar sort of thing and the fact that

00:36:24.660 they offer this shows you how stable bitcoin is and how much interest there is in accumulating and

00:36:32.100 using bitcoin as collateral because that's essentially what they're doing they're taking one

00:36:36.020 of my bitcoins as collateral they're giving me another of my bitcoins and what i do is i have a loan on

00:36:41.780 that now so here's how it works you only do this when there's a market correction so where's my chart over

00:36:48.340 here i had to stream so because there's a market correction right now you don't do this when the

00:36:55.300 market's going up by the way because there's a market correction right now i can accumulate a

00:36:59.860 second bitcoin let's say for twenty nine thousand six hundred eighty four dollars okay i have a loan on

00:37:04.820 that and on london it's about nine percent i don't make any payments on the loan i don't have to connect

00:37:09.940 my bank account to it or anything like that all they do is because they've got collateral on this

00:37:14.580 existing bitcoin because i've signed for it if i don't if i don't like let's say the value drops or

00:37:20.660 or something like that or something happens in my account they've got that as collateral and they

00:37:24.100 can take it to pay off the loan so that they're not out of pocket it's the same way banks work when

00:37:28.660 they give you a mortgage so it's no different so i now have my second bitcoin or my second home for

00:37:34.500 twenty nine thousand six hundred eighty four dollars let's say in six months time or eight months time

00:37:39.620 bitcoin goes back up to forty fifty sixty thousand dollars i might have paid two or three thousand

00:37:44.820 dollars in interest on that loan which i don't actually pay out of pocket it just keeps adding

00:37:49.220 it to the balance that you owe then what you do is you pay off that debt with that um bitcoin or that

00:37:55.140 home whatever is we're going to call it um and then you're left over with an additional twenty

00:37:59.940 odd thousand dollars of bitcoin depending on what you sell it for so these b2x loans come in real handy

00:38:06.900 when the market corrects and i've done it quite a few times over the last couple of years since

00:38:14.020 they introduced this b2x program because i've been using london for a few years now and it's like

00:38:17.780 you know i'm doing the up and down stuff i'm buying usdc i'm buying bitcoin i'm doing all that stuff and

00:38:22.980 i'm staking it and i'm pulling it off and i'm putting on cold storage and i see this b2x thing and

00:38:28.340 i just took out a loan like you know like around here somewhere like this on thirty five thousand dollars

00:38:33.220 right on one bitcoin and this was when july this was around july let's say yeah it was around

00:38:39.860 the summertime bitcoin goes back up to about sixty four thousand

00:38:45.380 in july up to october july august september october that's four months so in four months

00:38:54.340 i've doubled the value of the bitcoin i pay off that new bitcoin with the loan

00:39:00.820 and i'm left over with uh i probably paid about four thousand dollars in interest if i'm being

00:39:06.660 honest so i'm probably left over with about twenty five thousand dollars or so depending on what i

00:39:11.380 sold it for and what i bought it for and that's free you didn't have to do anything except for push

00:39:17.620 a couple of buttons and stake your bitcoin how people don't understand this is beyond me

00:39:23.380 trust me guys go to london sign up with the affiliate code that i've got in the description

00:39:30.820 and just begin begin with a small amount until you get your head around it it's the

00:39:35.220 like it is the simplest thing you ever see those kids playing with like the blocks and the circles

00:39:39.940 and the triangles and the square and they try to put a triangle in a circle and it doesn't go in

00:39:43.700 and they keep randomly trying things until stuff goes in it's exactly how it's so simple it's so

00:39:48.980 simple a five-year-old could probably do it honestly it's not difficult guys so the b2x program

00:39:56.500 that's it you have any questions drop them in the chat or you can call in towards the end of the

00:40:01.460 show actually i'm getting closely on my notes over here so let me drop the uh the call in link if you

00:40:06.500 guys have questions invite copy to clipboard uh call in and ask a question live okay so i'll drop that in

00:40:17.620 there and boom where are we with the poll let's see where you guys are at still 55 say no 669 votes

00:40:28.900 55 of you do not hold or buy bitcoin right now do not buy bitcoin right now interesting okay uh pin

00:40:36.260 message to the top okay so i've replaced the poll with the um uh there it is with the stream your

00:40:43.060 link so if you guys have a question you can call in all right so there's that uh oh staking sites

00:40:48.340 somebody was asking about staking sites in the chat so the ones that i would recommend that are simple

00:40:53.860 to use and i've had no trouble with are again um you're going to want to use either london where they're

00:41:00.900 in the description there's an affiliate link for both of us to earn the other one that i like is hold

00:41:05.380 a knot um which pays a lot more in interest they're in singapore though i would not put more

00:41:13.460 than about 20 grand on this one um so again don't put your bag on it put like maybe five or ten percent

00:41:20.420 if you want to do a little bit of stake and sort of play with it uh but they have bitcoin die ethereum

00:41:24.900 usdc usdt usdt and luna luna anyway um you can the cool thing about this site that i like is that

00:41:34.420 you can earn um so you can stake ether and you can earn in bitcoin you can stake usdc uh and you can

00:41:42.500 earn in bitcoin or you can stake in usdc and you can earn usdc and they have the same exact um button

00:41:50.020 that london has where you can trade with the push of one button from usdc to bitcoin so i was sitting on

00:41:56.020 some usdc in my staking accounts i see the market correct i wait for a nice 40 to 50 percent correction

00:42:03.380 then i start to pay very close attention daily sometimes multiple times throughout the day

00:42:08.020 i look for an opportunity to push a button that converts my usdc that i've accumulated

00:42:12.980 earning interest on it at a lower bitcoin price it's very simple it's not a difficult process

00:42:20.340 it only becomes difficult when you try to think that you have a crystal ball and you can see into

00:42:24.660 the future and make predictions about you know coins and uh you know oh you know if you buy now

00:42:32.900 it's like buying bitcoin in 2010 dude yeah how do you know that most of them don't they're just running

00:42:39.620 they're just running their mouths trying to sell you um i got a note here about using limit orders

00:42:45.540 so if you're doing any kind of uh purchases where you're converting fiat so i set up a a business

00:42:54.180 trading account um and um it's pretty easy for you to buy at limit rates it's really cool especially

00:43:01.780 when the market's going down i mean so if you don't know what a limit order is it's basically

00:43:06.740 let's go over here to the last month uh add to stream there we go and let's get this thing off the

00:43:13.860 screen so if you're watching the markets do this and you're like oh that's interesting

00:43:19.220 it's corrected we're down about 40 or 50 or 60 now and in and around here you move some fiat currency

00:43:26.420 into your um exchange that you use to buy crypto with you know from fiat and you set a limit order in

00:43:34.100 because the price is tanking i i set a limit order and i set two actually i set one at 26.5 which filled

00:43:41.540 because bitcoin dropped down to like 25 and change or 24 and change and i set another one to 27.5

00:43:48.180 and that filled as well so on the way down you know you're grabbing it at a nice discount

00:43:53.860 while you see all this happening so make sure you use limit orders too so that you get it

00:43:58.260 so that you get it at the best price if you want to know how to use limit orders just google it it's

00:44:02.420 not it's not complicated it's it's this is the price that i want to buy it at and this is the amount

00:44:07.620 that i want to buy and then it funds from your account uh converting we talked about that we

00:44:14.100 talked about that perfect all right let's see what we got with super chats let's see what we got and

00:44:20.740 catch up here uh we talked about acorn i don't know what the hell that was remove i think bitcoin has

00:44:27.780 a bit further down to go i bought 10 oh we talked to kadina kadina uh ben and breakfast thanks for

00:44:36.500 your work rich just a heads up for people rich will not contact you about crypto the bots and scams oh

00:44:40.820 yeah um i'm probably gonna thanks for reminding me i'm gonna have to turn off the comments on this

00:44:46.020 video because whenever you talk about anything cryptocurrency all these fucking scammers come

00:44:50.420 out going hey what's at me and it looks like me because they use my icon and they create this like

00:44:55.140 i'll never contact you and say what's that me to buy crypto so if you ever see that in any of my

00:44:59.780 videos again thanks for the reminder ben and breakfast appreciate it block those motherfuckers

00:45:04.660 or just report them um all right let's do a quick ad roll and um we'll get you guys to answer you know

00:45:14.340 do a little bit of q a so let me just pay a few bills this episode is brought to you by the unplugged

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00:47:32.180 playing to win number 21 how estrogenics make you fat sick and infertile with dr anthony j let's get on

00:47:38.260 with the show all right we're back um let's take some of these questions here now i got a bunch of

00:47:45.620 guys uh see what we got here um bentley farid you guys can let me know in the chat what it is you want

00:47:56.420 to talk about um andrew says he has a buying strategy during this obvious correction let's see

00:48:03.060 what andrew's got for us what's up buddy you're muted by the way oh hey rich uh yeah so i just

00:48:08.260 wanted to ask a quick question about what you would recommend in terms of buying strategies for something

00:48:12.260 like this like it seems like a strategy would be to have like a highly frequent dollar cost averaging

00:48:17.220 strategy on the way down or do you just sort of have some liquid capital just fire away when you reach

00:48:21.460 a certain point just kind of to pick your brain and see what kind of strategies used well like i said

00:48:25.540 during the show like anytime i see a dip more than about 50 60 that's like okay i'm very comfortable

00:48:32.740 buying a shit ton of bitcoin at that price uh will it go down a little bit lower maybe you know but

00:48:41.140 like you can never time the exact bottom it's just okay it's it's corrected over 55 60 like it's not

00:48:46.980 going to go that much lower it might go to 70 but who cares because i'm a long-term holder anyway and

00:48:52.740 i'm going to be like holding on to this shit for the next five or ten years i don't really

00:48:56.500 care what happens in the short term in the next like 30 days sort of thing um it's also the other

00:49:02.500 reason why i use the b2x program on london so often like i also use that in the last week as well

00:49:08.820 where i took out a couple of loans on some bitcoin that i staked on there and i'll pay off the loan

00:49:14.020 with appreciated value of the bitcoin in the coming six to ten months awesome thank you very much rich

00:49:20.340 appreciate it all right man thanks um private chat

00:49:29.060 okay i would like and guys don't come on the show to shill your shit if you start shilling something

00:49:35.300 or trying to sell some some coin you're going to get booted okay so you know this is for q a on the

00:49:41.780 topic of the stuff that i talked about if you need any clarity or anything like that

00:49:45.220 uh vinicus vinicus i don't know if i'm pronouncing that right hey man hey uh it's vinicius but doesn't

00:49:54.740 matter um okay uh i am a software developer and i invest in cryptocurrencies but i would suggest using

00:50:05.220 decentralized protocol protocols because i do work with banks a most of the time they don't know how

00:50:12.980 to monetize crypto yet so they usually have a little less crypto than they should have

00:50:19.940 um so i would suggest using d5 protocols d5 protocols exactly how can you offer some um yeah

00:50:29.060 i am sharing my screen if you can share it uh add to stream okay

00:50:34.260 um okay so i like these protocols but you can use any protocol that you want this one is a leverage

00:50:44.900 one so you can have a little bit more bitcoin than you you could use um they have two types of pools

00:50:52.980 you can have a landing pool they pay not really that much can you can you zoom in a little bit it's

00:50:58.420 it's it's oh yeah very uh clear i'm not sure here let me see if i can go a larger screen on mine

00:51:03.460 i see it now okay yeah uh so they don't really pay all that much api yeah it's not much different

00:51:10.580 from from the other sites see the problem that i've had using these defy um sites and i've used a few

00:51:18.020 of them now is they're not easy to use and i'm trying to keep this simple for like the 55 that don't

00:51:25.460 have bitcoin to give them an easy on-ramp to start accumulating you know some wealth with crypto

00:51:32.340 bitcoin usdc you know the strategies that i talk about with with borrowing against your bitcoin

00:51:37.220 talking about the stuff in the top 10 yeah this is a little bit more advanced they do have uh one

00:51:42.580 thing that it's really really easy for most people you have an automated vault okay that opens up a

00:51:51.860 short and long position in bitcoin and pretty much any coin that you want you just lost you just lost

00:51:59.220 the 55 by talking about short and long positions and now you've got them paired up too right so um

00:52:05.460 again this is like a little bit more advanced i would advise you guys to start with a centralized

00:52:10.020 exchange start with acquiring some bitcoin start with some staking and then once you start looking

00:52:16.020 at defy protocols to earn higher interest rates um while not disclosing nearly as much information

00:52:23.620 then defy is a good avenue for that as well but if you guys want to look into alpaca then i'll leave

00:52:28.660 that on you know the table but thanks for mentioning that you have bancor and there's a lot of protocols

00:52:35.780 like balance it as well and you can have a lot of protocols yeah there's loads of them out there do not

00:52:42.020 forget to buy an insurance if you use them uh you have like insurance or nexus and you can buy you can

00:52:49.940 buy insurance for pretty much your whole portfolio in a protocol again you're talking about complex

00:52:55.460 stuff at the 55 percent don't want anything to do with but if they do start to use defy i would suggest

00:53:01.620 buying uh insurance got it okay thanks buddy all right uh let's see what we got here member of the

00:53:09.460 time bentley bentley where's bentley i don't see bentley anymore let's see uh we got farid

00:53:17.060 hey buddy hey rich how's it going man can you hear me okay you got for me you look like you're

00:53:21.380 a professional you got the nice camera the blurred black the neon light yeah i uh i run my own video

00:53:27.060 production company cool um thanks for having me on man so i just had some really quick just words of

00:53:32.500 advice i haven't been in crypto as long as you but i have you know studied quite a bit learned from

00:53:36.980 others but from before me now is like sort of the best time to start eyeing positions for you guys

00:53:43.060 that are new and start looking at like which coins you want to buy you don't want to like buy into those

00:53:48.420 crazy like euphoric maniafaces like last year when there was like dogecoin and shiba and all these

00:53:53.540 garbage meme coins um crypto's not dead it's not a scam rich can attest to that as well just um having

00:54:01.700 patience and timing timing time in the market versus trying to time the market yeah i like to

00:54:06.500 do both like you know definitely time in the market but you can also make serious amounts of

00:54:11.060 money if you can learn how to time the market by watching the trends of the up and downs with bitcoin

00:54:15.540 like i was talking about during the show and borrowing against existing bitcoin that you have

00:54:19.940 very very easy way to make loads of money absolutely yeah i um i moved in mostly heavily

00:54:26.020 between september of 2020 to december 2020 back before like the bull run really took off so you

00:54:31.540 can definitely make a lot of money by lump summing um but the other thing too rich that i think is

00:54:35.940 important to mention um is just like risk management you mentioned it yeah i mean you did mention that you

00:54:40.580 mentioned not keeping all your coins in one place and all that sort of stuff but like some of these d5

00:54:44.580 protocols like you basically have to assume that your money can be gone at any moment so you know you

00:54:51.460 saw what happened with luna you saw what happened with anchor protocol where it went down it's dude it's

00:54:55.540 like a penny now luna went from 120 to a penny that was a top 10 coin yep if you go on reddit right

00:55:02.180 now and you look at some of the stuff that people are posted people have lost their houses they're in

00:55:06.820 they're in for like half a million so and that's what happens to your goal all in on one coin right

00:55:12.740 i mean you got to diversify right yeah exactly um but yeah i mean that's i i didn't really have a

00:55:19.220 time to like ask i just want to make sure that like people understand the risks even taking out like

00:55:24.580 loans like you said totally fine after the market's gone down but you still have to understand the

00:55:28.740 downside risk like yeah it could go down further and you could get margin called and you could get

00:55:33.540 liquidated correct so entirely possible just you know there's no free lunch is what i'm trying to say

00:55:39.140 but you can totally make a ton of money in crypto what rich is saying guys like he knows what he's

00:55:43.700 talking about um i just wanted to come on here and just offer a few like things that i've kind of

00:55:48.740 seen play out thanks man appreciate the feedback all right yeah so i i should emphasize it more i

00:55:55.300 mean if you take a loan out against any asset and the value of the asset drops below an acceptable

00:56:01.780 level for the financial institution then they can call that loan and seize the collateralized asset

00:56:07.860 to pay off the loan so that they don't lose the money which is why it's important that you only do

00:56:12.340 this at market bottom so if you're going to borrow against your bitcoin to double it the way that

00:56:17.220 i've talked about so i've done it four times okay three out of the four times i made loads of money

00:56:22.980 there was one time that that it was a wash for me because i didn't so that that loan that ended up

00:56:29.700 being a wash i think i bought it at something like 39 000 bitcoin went up to like 50 or 55 or 60 or

00:56:36.580 something like that i didn't sell and um it then went down to about 39 40 000 and started hovering there

00:56:43.940 for a long time then it got to the point where the interest was was becoming more than the value of

00:56:49.540 bitcoin um and i didn't want to sit on it so i just caught a day when it was basically a wash and

00:56:56.180 i just paid off the loan got my one bitcoin back they kept the other one whatever they do and i was out

00:57:02.340 of that one but the other three i made a ton of money on so getting in when there's an obvious bottom

00:57:08.740 matters by you know when i bought it at 39 it wasn't an obvious bottom i was just i was just whatever

00:57:14.020 i'm going to throw another um you know b2x loan out there and see if i can win on this one as well but um

00:57:21.620 pretty good uh record as far as i'm concerned you know three out of four times made loads of cash

00:57:25.940 you know the one time it was a wash so i haven't actually lost money even though um you know you're

00:57:30.660 you're basically collateralizing your assets watching the market swings um but yeah check it out guys

00:57:37.300 you know the links for lend in and the links for holdenot which is another staking site to earn

00:57:42.900 interest are there in the description start start small right uh harvey says what cold storage wallet

00:57:49.460 would you recommend doesn't matter use trezor use um a uh nano ledger it's entirely up to you

00:57:55.460 whatever you feel comfortable with um there's another i think moff had a question about something

00:58:01.860 here i thought i missed it yeah okay it doesn't matter um bentley bentley bentley bentley what do you

00:58:10.180 got for me bud bentley yo all right it's not paid attention um let's go to lewis lewis what's up

00:58:21.780 hello hi hi rich good um yeah i've been following your channel quite uh for a few time now what do

00:58:30.340 you got for me bud um i've been following crypto for a few years now i am also doing trading and i

00:58:38.340 recommend everyone to to learn how to trade really to take time to learn how to trade the different

00:58:45.140 assets stock market crypto forex um on that note i can also um i also recommend some sites that are

00:58:56.020 nice uh realty if you if you see you have a question lewis no i just want to talk about um

00:59:06.260 what experience do i did i learn well i just wanted to take some questions today so i'm going to pull you

00:59:11.540 out thanks bud all right let's try bentley again it looks like i've got his attention hey buddy

00:59:18.020 you're muted

00:59:22.500 you're gonna have to unmute yourself buds the uh mute button at the bottom left of your screen

00:59:26.340 there's a line through it

00:59:29.540 all right can't do that let's try red pill korea

00:59:33.940 hi can you hear me yeah how you doing bud yeah i'm i'm i'm from south korea

00:59:38.500 so english english is my mother tongue it might be a little bit rubbish no problem my my question is

00:59:44.740 very simple now what do you think about uh increasing the interest rate of american reserve

00:59:51.140 bank a lot of korean are very nervous because the this situation could be effects on the asset market

01:00:00.580 such as housing and stock yeah so for that i would tune in next thursday when i got george

01:00:07.380 gammon on because he's because he really geeks out on that stuff um there's no question the interest

01:00:12.580 rates are definitely going to keep going up um inflation is it's crazy it's out of control so

01:00:18.900 um holding on to us dollars in my view right now is stupid i think bitcoin or even usdc um is a far

01:00:27.060 better way to park your cash or any kind of fiat money but with the market correction with bitcoin

01:00:32.260 i mean why wouldn't you buy bitcoin because i believe if the if the asset market is gonna it's

01:00:39.780 going to crash a lot of people who is not rich uh needs a lot a lot of cash so i believe okay but

01:00:47.140 it's already but it's already gone through a pretty significant correction both the stock markets and

01:00:51.780 the cryptocurrency markets and bitcoin historically doesn't usually correct more than about 55 60 65 percent

01:00:59.380 that's it okay and we're pretty much at that level right now maybe it goes down to 25 grand

01:01:07.060 who knows but i don't see it moving much further than where it's at right now it's going to fluctuate

01:01:13.300 but i think that this is this is pretty close to uh i mean listen for me personally i've taken out b2x

01:01:20.260 loans i've accumulated more bitcoin i'm just telling you what i've done you can do whatever you want i mean

01:01:24.980 it's not financial advice if you think the markets are going to crash and you want to sit on the

01:01:28.500 sidelines then that's then that's a play that you can choose to make but just make sure that whatever

01:01:33.540 play you guys make you learn from it um you know i'm a little bit older than you probably and i've

01:01:39.300 seen a lot of markets over the last uh several decades and i feel comfortable with what i've done

01:01:44.500 and i'm just sharing with you guys what i've done and i'm you know the title of the show is profiting

01:01:48.180 from the show basically right okay thank you for your great opinion thanks man i want to say you

01:01:56.340 a lot of korean men like your contents i'm glad i also about your book and i really appreciate your

01:02:03.700 work and i will keep it posted that's awesome thank you thank you um why did my camera shut off

01:02:12.820 that's weird my camera just randomly shut off is it overheating i can see you right now yeah no it's

01:02:19.380 no it's on okay thanks man um yeah it's one of the first hot days that i've that i've had this year

01:02:25.860 and it's i mean it's not hot in my house but that's strange i've never seen this thing shut off before

01:02:30.500 it is warm though anyway we'll figure that out um our rj rj let's see what rj's got we got a super chat

01:02:38.820 here from a friend i guess of our last caller um hey man what's going on hey it's going good um i just

01:02:46.260 had a question regarding like being canadian and trading um right now i'm using like the wealth

01:02:52.420 simple trade i was wondering what you think about that platform and what platform you suggest for

01:02:57.780 canadian specifically and what's your goal like what are you trying to buy exactly uh for crypto sorry

01:03:04.420 um i prefer bit buy um again i i tend to deal with company for sakes my camera shut off again

01:03:11.620 uh let's try this one more time i might have to switch over to my webcam

01:03:19.700 oh weird um so yeah my preference is to deal with bit buy and that's simply just because i

01:03:27.060 know guys that are on the board and i know like and trust the company so you can do what you want i

01:03:32.020 think uh if i'm not mistaken kevin o'leary just bought an interest in um something to do with bet

01:03:38.420 buy or maybe it was with welltrade the one that you're talking about but just fucking hell here

01:03:43.620 i gotta switch real quick over my other camera here let's see if i can get my

01:03:50.260 webcam working there it is anyway bizarre let's turn it or turn that off um yeah just just pick one that

01:04:01.060 you like that's simple and easy to use um it's obviously regulated they're going to put you through

01:04:05.300 the standard kyc stuff they're all pretty much the same at the end of the day like whichever one you

01:04:10.740 find is the easiest for you to like properly use and navigate through and doesn't complicate your life

01:04:16.020 i like bit buy because it's got two simple um trading platforms like it's got like basic like

01:04:22.340 simplified you just buy at market rates if you want and they've got a more advanced one where if you want

01:04:26.500 to buy it like limit orders then you can do that um they also have very very good staff there so

01:04:35.300 as your account grows you'll get assigned a uh personal attendant that you can basically call

01:04:40.980 or text so i like that component of as well so if you're a high net worth individual then that's a

01:04:45.460 nice place to you know uh take care of your transactions there too sweet thanks a lot that

01:04:50.900 was my question i've been following you for a long time thanks a lot thanks brother um don't forget to

01:04:55.620 check out the um lend in for staking and hold a knot for staking too right um

01:05:04.340 let's see here audrey bentley bentley do you have your mic on you're gonna have to turn your mic on

01:05:09.540 i see the line through it so you're still muted i can't i can't pull you in if you're still muted but

01:05:14.740 uh vinicus let's try vinicus here what do you got for me vinicus

01:05:18.340 oh i had john already what are you still doing there bud guys once you've done your once you've

01:05:25.060 done your bit leave and then just watch from youtube it just saves me the hassle of pulling

01:05:28.500 you back in again i saw a camera on camera off anyway that it is what it is um i think we're

01:05:33.620 gonna wrap it up on that note guys i covered a whole bunch there um i'm gonna have to like

01:05:39.140 disable the comments on this one because the spam bots and all the bullshit but thanks for watching live

01:05:44.580 and um you know take advantage of the markets guys you know when there's like when people panic when

01:05:49.300 they're selling when there's blood in the streets that's that's when the rich get richer that's when

01:05:53.700 the rich buy and it's an obvious sign to me i think it's a great buying opportunity you guys do what you

01:06:00.980 want with your time though but it's entirely up to you but i've given you some really good resources here

01:06:05.700 i'm not selling you anything the only thing i've done is put a couple of affiliate links and if you

01:06:09.460 want to set up uh staking accounts with hold a knot or lend in or take advantage of the b2x program

01:06:14.980 use them i like the platforms i've been using them for a while um very very straightforward stuff guys

01:06:20.740 um that's it so i'll wrap it up on that note and we'll see you guys in the next cast

01:06:25.700 um give it a thumbs up we'll see you guys later peace out

Playing to Win - May 20, 2022

067 - Profiting From The Bitcoin Crash

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