The Crypto Crash (Hold or Panic?)
Krypto Kohrs w/ Matt Ep. 16
BTC, DOGE, MATIC, AVAX, ETH, ADA, LRC, SOL & SHIB
00:00 Intro
02:29 Krypto Kohrs Ep. 16
03:35 The Crypto Crash (Hold or Fold?)
04:37 Coin Market Cap Check
05:25 1st BTC Tweet Turns 13 yrs Old
05:48 Why Buy Gold?
06:09 Worldwide Crypto Adoption on the Rise
06:41 Crypto is Down
07:59 Fed Mins Re-Confirm Rake Hikes
15:15 ETH Plunges 13%
15:37 Kazakhstan Wreaking Havoc on Crypto Market
17:15 BTC Technicals
20:15 Joe Rogan Has ALOT of Hope for Crypto
22:59 OpenSea Valued at 13 BILLION
23:40 Crypto Craze Taking Gaming Idustry by Storm
26:00 Disney Patents Metaverse Technology
27:32 Pudgy Penguins Ousts Founders
30:18 AMAs
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Um, foreign, hey, hey foreign, yes, welcome, back, welcome back. It is another week and welcome to the first crypto show of the week today is monday january 10th, and i'm not gon na lie to you. Crypto is not looking the best, but even the overall market. A lot of things there's fear a lot of things are pretty wonky at this moment in time and as i'm really going to get into in this particular stream.

This particular video - it all relates to the fed and are they going to be hawkish or dovish? What's going on with inflation, what's going on with the interest rates, how many interest rate hikes are we going to get all of this stuff is very much intertwined with the overall crypto market, the overall stock market. It's it's getting wild, but fortunately we're gon na get some answers this week as you're about to find out i'll be getting into the details of the announcements that we should be paying attention to, and then i have some other stories to go over for you. But in this one the title of it, the crypto cash hold or fold now before we get into it, i want to let you know my answer. Personally i am holding with it.

This is just based on my trading plan. I look at crypto as an investment. I'm not really too interested in actively trading it when you have a multi-year, potentially a multi-decade time frame, you're not going to let percentage drops such as this one, and i'm not saying that this is just easy and be like. Oh, like don't worry about it at all, like yeah.

Of course, you just wanted to go up and up and up, but those are the exact moments in time that you really rely on the trading plan that you've already created and for me, in all sincerity, i'm looking at this and waiting for some of the buyers To step back in and i'm just going to buy more so i'll, explain why that's my mindset i'll be explaining what's going on and then i have some other stories for you, but we'll be talking about bitcoin ethereum, and then we have some interesting stories from the World of nft's slash the metaverse, so with all of that being said, let's hop right into it. Now, if you recall last week when we were doing our the most recent crypto show, the market cap for crypto was around 2.2 trillion, so obviously we're taking a little bit of a breather coming in at 1.9 trillion, as in 300 billion with a b dollars, uh Kind of, as of now evaporated into the ether, but i think this is one of those things where you got to have a little bit of a longer time frame. Remember i very much think of this as an investment, not a active trading like get rich like quick type of scheme deal before we get into everything i just want to. I think sometimes it is important to take kind of a higher level.

Look a general view of what's happening and i found some interesting things for all you. The first ever bitcoin tweet happened exactly 13 years ago, wow wow, wow, wow wow, and we're talking about portions of a penny uh crazy stuff 13 years ago. I do wish that this particular anniversary was a little bit more. I guess kind for us in the crypto market, but just to think about how far we've come check out.
These numbers gold has gone from zero to eighteen hundred and fifty in 5 000 years. Bitcoin has gone from zero to 57 000 in 10 years. Why would i own gold - and this was bill miller so coming out - uh, some very, very bullish - statements on particularly bitcoin, but kind of crypto overall uh, so interesting things there and one more for you worldwide. Crypto adoption rolls 881 in 21..

Excuse me, 2021. That's just nuts! So over the past 13 years over the past year, when you take these larger time frames. What you're seeing is growth - and i think, that's so incredibly important to notice like when you're in a little bit of a weaker time frame, whether it's an hour four hours a day a week, a month when in doubt zoom out and see how far this entire Asset class has possibly come it's insane now. Yes, i know it doesn't take away from the red that we're seeing today i mean there are actually very few green things.

We're seeing that's a lot of red. You could even see it on crypto bubbles right here. Uh link is up chain link is doing well, i mean dashed a little bit icp, but look at this. It is just so much red um.

It's one of these things where similar to the s p. 500. That is the barometer for the whole thing and when you look at bitcoin, that's roughly the equivalent, if bitcoin is going down, there's a good chance. It's dragging many things with it, but also if it's skyrocketing, there's a good chance.

It's bringing other things with it. It's that analogy of a rising tide raises all ships. Well, a lowering tide lowers all ships. It's kind of the situation we're currently in and what's really happening with this is there is quite a bit of fear.

Some would actually say extreme fear. Now, yesterday, last week, last month, three out of these four extreme fear last week was fear, fear full, but the reading on the bitcoin based fear and greed index - it's extreme fear, and why is there this extreme fear? Well, it all ties together with the federal reserve and interest rates and what is or isn't happening there. Bitcoin price drops to 43.7 000 after fed minutes, reconfirmed plans to hike rates. So let's take a little bit of a walk down memory lane six months ago they were at the point of buying.

The federal reserve was buying about 120 billion dollars worth of bonds a month as in that money was coming into our economy and at that moment in time, they're like yeah, there probably is going to be no rate hikes in 2022. We're going to keep this incredible policy of quantitative easing live we're going to just rock it and we're going to help with unemployment, we're going to keep it as low as possible, and really wait for the world to get back on its feet fast forward. Six months till now, and the story has completely changed completely completely changed, and it all relates to inflation. Inflation is just too hot.
The last time we got a cpi update the consumer price index, which was one of it's not the best way or it's one measurement tool. We have to see how hot inflation is. Is it very high or is our fiat currency the usd being devalued at an incredible rate, not much of a rate what's happening there? So we use the cpi. The consumer price index says is a good gauge for that.

Well, the most recent reading came in at basically saying inflation's the highest. It's been in like four decades. I think it was technically 39 years so with it, you don't want the federal reserve continually putting money into the economy, because, let's use this analogy of like say a classic like coin basically is when you keep bloating the supply. You're gon na drive the price down.

Think of back to our classic, like economics, class, the supply and demand curve as supply goes higher and higher and higher and demand stays the same or doesn't keep up at the same rate or even worse, drops well that equilibrium point is also going to drop, and It's that exact equilibrium point that is the price where supply and demand meet, that is price, so supply goes higher and higher and higher you're diluting it. It's literal dilution, so that goes down so we're in the scenario where the usd dilution, dilution, dilution, higher and higher, and now we're getting into the scenario where the inflation is just too hot. It is like we're getting severe devaluation of the usd, so that's something that they're going to try to fight they. Obviously, the federal reserve doesn't want to prompt a hyper-inflationary environment so instead of having a policy of quantitative easing, we're now cycling into a period of most likely quantitative tapering from q e to q, t q e to q t what this will actually entail and you've, Probably heard about them already trying to end their tapering, so they've been doing 120 billions and they're tapering they're, going to do less and less and less buying.

This will most likely be done in march of 2022. Now, from there like, the newest hot topic, as it relates to the federal reserve, is attempting to normalize their balance sheet. So, if they've been buying all these bonds now they have to do the exact opposite. If you rewind to 2018, they were attempting to do this at a rate of 850 billion a month and now they're saying that they might even be more aggressive and do it at 80 billion.

So we're going from purchasing 120 billion to now like selling off 80.. So that's a swing of 200 billion with a b dollars a month in within half a year. That is a crazy, crazy swing. So this is getting to one of those things where the market, as in the stock market's, not liking it the best, because obviously, the federal reserve's not being as accommodative to growth as they have previously.
So why would the market still be at the same equivalent high and then, when it comes to the world of crypto, well you're, seeing a cycling out of i mean if you were to have a risk curve like a bell curve of risk. Krypto is going to be on the riskier end. It's going to be higher risk higher reward, but when you get into a market environment, when things are more questionable and the big guys, the big banks, the big hedge funds, they have, they have to be a little bit more cautious. So they're going to take money out of these higher risk investments and that's exactly what you're, seeing in crypto right now money's going from being extremely cheap and easy to get your hands on to a little bit more difficult because of these rate hikes.

So, let's get a little bit more into that, like i said six months ago, they're like we don't even know if we're gon na do a rate hike in 2022 and then all of a sudden they're like yeah, okay, there's a good chance we'll do at least One by the end of 2022. and then all of a sudden, the question said all right. Maybe we're going to do two kind of eyeing up like june and december and then recently about a month ago, they're like there's a chance of three and that's exactly what was kind of being discussed with those fomc meeting minutes. And it's just basically because they saw inflation, cpi ppi the producer price index, that's ppi, coming in very, very hot! So then goldman today was like you know what we actually might see: four rate hikes and then obviously jp morgan, jamie dimon he's like hold my beer.

I don't want to be left out of this conversation. We might see more than four so within half a year. We have this insane scenario where the federal reserve is telling us that inflation is transitory, don't worry about it. Everyone you're overreacting to now we're of course, you're gon na have big banks that want interest rates, be to be hiked because that's how they make money.

So jamie dimon, the ceo of jp morgan and then goldman sachs, two of the biggest banks they want. These rate hikes so, of course, they're going to be like outspokenly like bullish about rate hikes or predictive that we're going to have them because it helps their bottom line. So am i saying that this is the gospel? No, not necessarily, i think, they're arguing, what's like best for them, but in six months to go from, we don't even know where, if we're going to have a rate hike in 2022 to, we might have more than four that is such an extreme hardcore. 180 pivot of what's been happening in such a short amount of time.

That's a lot of unknowns and it happening so rapidly. The market is just acting in a very volatile manner as it really like kind of digests. All this different news. It is wild, so this particular week tomorrow, tuesday january 11th, the jerome powell on capitol hill, we're looking for the senate to reaffirm his position same with the fed governor brainerd on wednesday 8 30 a.m.
Before the stock market opens, we will get the newest batch of cpi data, which we'll talk about the consumer price index from december, we're always lagging by basically a month and then on thursday, we're going to get the ppi data and then on friday. Just expect more volatility because that's the start of earnings season, so i hope that kind of sets up the. Why we're particularly seeing a lot of this right now, but remember it's not just bitcoin. There are other things and, with bitcoin being the equivalent to the s p 500.

Well, ethereum, i think, is a good caveat to like the nasdaq 100. ethereum plunge is 13 down more than bitcoin after the fed, spooks crypto markets, and i just went through how they are doing all of that spooking, but in terms of bitcoin ethereum crypto at large, Particularly proof of work based crypto projects that, using that consensus model, there's another interesting story line right now. Here's why the unrest in kazakhstan is wreaking havoc on crypto and commodity markets. So, yes, there is some political unrest over there to the point that they shut down.

The internet, why does that have an impact? Why does shutting down the internet in kazakhstan have an impact on the entire crypto market? Well, ever since china became a little bit more strict on their crypto based policies, kazakhstan actually rose to being the number two kind of mining provider for crypto, and then now we have to get into the conversation of hash rate, so remember highest level. Hash rate is the total cumulative computational power for these proof-of-work consensus models. Kazakhstan was the number two and then, when you shut down the internet, obviously the hash rate's gon na drop, so in the very short term like yeah like like, we just read about ethereum kind of spooking, the markets a little bit, but in general i don't think Something like that would have a lasting impact, because then you have these other miners who are dispersed throughout the globe that are just going to increase theirs, so kind of an interesting thing there as it relates to crypto, but remember this is also more than that. I mean in kazakhstan, like you, have kind of a strong and notable commodities market, so kind of a big.

I guess global development worthwhile to at least pay attention to see how the storyline develops like this is a narrative that, if it doesn't get resolved quickly, yeah like obviously there could be some lasting implications in terms of technicals there's two things i want to go over Now i do have a full breakdown, video of what a death cross is and what a golden cross is, but just as a quick recap - and i could probably show you right here so if i were to drop this and then let's get the 500 or the 50, the 50-day simple moving average, this blue line and then, let's get to 200., if it crosses downward, that's referred to as a death cross and, as you could tell from the name, not the best thing, people kind of use, the 50 crossing downward over the 200. As a bearish sign and then the opposite is true: 50 crossing upward above the 200, referred to as the golden cross commonly thought to be a pretty bullish sign. So people are calling out right here. What we're seeing and what i just showed you hey.
If this keeps going down and if it doesn't bounce quickly, we might be getting a death cross setup and depending on people like paying attention to it or even algorithms trading off of it, you might see some form of a capitulation. If you see the daily close that prompts an actual death cross, but on the other side of it because remember you should never just be pure confirmation bias. You want to do your best to understand both sides of any argument. It depends the time frame, you're really on because yeah in the short term, you might see a bit of a death cross and then as we're working to figure out this inflation and what's going on, particularly with yields right now going up and cycling money out of These high growth options.

Well, if you have a little bit of a bigger time frame - and you look at these different, halving cycles shout out to tech dev underscore 52. This is a great thread. I highly recommend you reading it. He had just posted it two days ago on twitter, if you want to check it out at tech, dev underscore 52 good, read, check it out, but anyway kind of pointing out these cycles of.

We seem to get this pattern and right now we're at one of these ones, where we almost have to wait a little bit for it to end, maybe kind of pointing to the end of the first fiscal quarter, and then from there we get, as you can See depicted in these various green boxes, kind of an explosive move to the upside and then from there kind of a little bit of a bleed off. So once again, this is a bigger time frame like we're very much talking, maybe an entire fiscal quarter to get to the end of this box and then from there, but it is uh that impulse move upward. But overall you are seeing a pretty nice pattern repeating itself, which is coming back to really the title of this particular stream, and just my thoughts of i have that longer time frame, i'm waiting, i'm waiting, i'm waiting, especially if this particular push is like at all. I guess depictive of the previous cycles we're talking about over 200 - maybe you even over 300 000 per btc, so i just don't want everyone to get.

Maybe i don't think it's a good concept to get myopically focused on any one time frame, especially if it's a smaller time frame and some of my hopes of why i think, maybe a little bit of the bearishness right now will only be short-lived. Comes back to something i've said many many times before we're just it's at that point. Where has critical mass there's too much mass adoption so recently, joe rogan, i got a lot of hope for btc and crypto. So why does that matter for joe rogan to say that? Well, the numbers are in and he dominates any form of media compared to cnn fox msnbc.
It doesn't matter, you can name the show and joe rogan's numbers completely destroy it. There are a lot of people who listen to joe rogan, so for him to say something positive like that all right. There might now be other people who are interested in looking into bitcoin and seeing what's going on just because they heard it from him, but it doesn't just stop at joe rogan whether you do or don't like him. That's not really my point.

It's more of the fact that so many people are talking about crypto. So yes, that's more of like on a personal level with him. He has interest in it. But just recently we have some other developments.

So we know paypal said that they might be looking into making their own stablecoin. We know that airbnb said they are considering accepting crypto payments. We already know all about gamestop building their own nft platform. We know samsung said that they're looking into like an nft based tv, those are all the recent ones and then, obviously before this we have apple, we have tesla, we have discover, we have mastercard, the list goes on and on and on not only from corporate adoptions Of the world of crypto amc doing all their things, we also have countries such as el salvador, my prediction for this year, probably turkey's going to follow like i said we're getting to that point where the argument of critical mass of this adoption it's undeniable.

I think it's already occurred. I just i think what we're seeing here. It's not one of these things where you're gon na see some people who really hate crypto like nope. This is proof it's falling and it's gon na go down it's going to zero.

This is it take your money, i don't buy it. I think this is just a natural implication of where we are at on a monetary fiscal policy where we're at on a technical cycle with crypto, and it's going to be one of these things where, if you fast forward enough time, it was a blip on the Radar and i'm waiting for i'm waiting for buyers to step in and i myself will be purchasing more now. I do want to talk about some other things, especially because i think for this particular year, if the overall crypto market is a bit wonky with all these rate hikes, i still think this world of the nfts meeting the metaverse and also somehow involved with gaming. I think it's going to have an amazing year: nft marketplace openc valued more than 13 billion, so they recently raised a new investment round of 300 million in yes, openc is the biggest one right now for nfts, but we see other ones.

Spinning up, i know, ftx has their own, we know, gamestop is doing their own. The list goes on and on and on but 13 billion and yeah. This is above a 95 market share. Open c is clearly dominant, but this is just proof of how insane nfts were this past year and i don't think it's going to slow down.
Yes, i do think there's going to be a pivot into more of these strong utility-based ones, and i think that's where it comes into the world of metaverse and also particularly gaming, which we should talk about right now. Crypto craze takes gaming industry by storm, and this is something that i just, i think we've been hearing about it and i think it represented solid opportunity this past calendar year, but i think relative to what's about to happen. I i don't think we've seen anything yet. Uh matsuda, president of the storied video game developer square enix enix had a gift for crypto land on new year's day, a wholehearted endorsement of nfts, the metaverse and the play to earn blockchain games where playing can earn cryptocurrencies those three things.

This is a man. After my own heart, nfts metaverse and play to earn blockchain games, those are the three things within the crypto world that i'm very bullish on this upcoming year from having fun to earning to contributing a wide variety of motivations. Will inspire people to engage with games and connect with one another? It is blockchain based tokens that will enable this square is not the only gaming company hoping to get a slice of the crypto hype. French publisher ubisoft announced its nft platform quartz last year, allowing users to buy cosmetic options or skins for your avatar.

Now that one right there, i want to dive into it a bit more because and i've said this, but i believe it's so so much that that's going to get wildly popular. This idea of getting your costume your skin in the game that you love the most and then those being traded and unlocking them and selling those on markets. If you don't like yours or if you're done with yours and you want to sell it and then i think they're going to start connecting it with more of a governance model wall, certain ones with certain attributes actually get to have their voices heard in the new Directions and decisions and options of the game from level creation to this. To that, i think there's going to actually be involved governance models, while ea chief andrew wilson said that the collectible digital content is going to play a meaningful part of the future.

So a lot of gaming companies getting behind it and it's for good reason we're seeing like. Even if you just look at axi itself, that was wildly successful and the financial opportunity it represents for people in typically considered lower income areas. I just don't see how this ever possibly ends and if you don't believe me, one of the biggest players in the entire world is now interested in it disney patents technology for a theme park, metaverse wow, i mean right now. We all know that disney is wildly popular from their parks to their individual brands, such as star wars such as marvel.
The list does go on and on and on and as the technology continues to improve, for something such as this metaverse, making it even more and more lifelike you're going to get to the point that you get to meet your favorite characters. Your favorite marvel your favorite princes your favorite princesses you're, just your favorite disney characters. You're gon na see them in the metaverse and if that plays out yeah it's to take time for the technology to catch up. But you could argue, that's exactly what was said about their parks decades ago and look at where the parks are now that is wild, and i just to me this entire direction of where we're going socially, culturally, as it all intertwines with the metaverse.

It is so incredibly obvious to me now, maybe i'm being a bit optimistic. Maybe i'm overlooking something or maybe i'm overestimating people's appetite for it, but i really don't think i am. If anything, i think i'm underestimating it, because this new technology, it just represents an immense amount of opportunity not only for our culture, our society, our world, but also clearly, if you're in early enough, quite a bit of a financial windfall for anyone who's paying attention. Now the final thing i want to leave you with is this story: pudgy penguins, nft project, oust founders, as mood turns icy.

Now, for me, i have not been involved in this one actually before the story i haven't heard about it, but we are seeing. I guess i think it's worthwhile to comment on communities that are being built up and then infighting kind of taking it down and people confused about. What's going on now, they they have their own specific questions about governance and it's a whole wild story. If you want to read more about it, i highly recommend that you check this out on coindesk, but i think it's important with all this new opportunity and things like developing so so rapidly.

I think it's important for thing. People to stay take a step back and okay. Let's really dive into these communities, understand who's in the community. What is or isn't happening.

I wanted to call it out, like i'm, not here, really trying to speak too much about pudgy penguins, i've never owned one. I wasn't in the community, it's not my place to speak about it, but as a proud member of the ape community, i know what it's like being in a community like and at first it exploded a year ago, and you have that honeymoon phase. But then sometimes such as this things don't go the best and you start to see certain aspects of the community. So, overall, i think this is good commentary that, as these digital technology-based communities are literally exploding to the upside they're, more and more popular the numbers are getting crazy across the board.

It's good to understand, i guess the various aspects of the community and maybe within that, when you're trying to figure out, what's going on, find your own like little sub community within the community, a group of people that you trust in that you can talk to figure Out answers when you need to for me that's one of the coolest things about all. This is just being able to connect with all these people with all this um. I guess like-minded people is kind of one of the coolest things like i've had the privilege to speak with so many people. I never would have a year ago at this time, because the ape community hearing the coolest stories learning from some very impressive, well-educated well-spoken people uh.
For me, it's that aspect of community. That's so so wildly important um and it's one of those things that that's exactly. Why you have to have find and be in a community that you truly believe in uh, so i just want to bring this up just in case. You yourself are somehow involved with this.

One uh looks like a little bit of turmoil within the community, but once again i never had any particular stake within it, so that is what i have for you on this particular crypto show. I always seem to forget the number. I think we're at number. 16 episode, 16 of crypto course.

So thank you. Thank you. Thank you and then this is perfect time for you with any questions, would love to have a little bit of a chit chat a little bit of a chit chat. Volt inu army volt inu shout out volt inu.

What else do we have all right to do long long on crypto, i'm curious here. I guess i could ask you all a question. I'm just scrolling through some of these on rumble right now, so i get it thread. I get that i have these crypto bubbles up right here and things are very, very red.

That's obviously not good! That's not ideal! I'm curious how many of you are truly looking at this is like okay. No, this is part of the game, it's just something we have to stomach, and if i have some extra capital i buy more or on the other side, how many of you are actually panicking and you're like this is not for me. I want to stay one more time just to be explicitly clear. I view this as the farther it goes.

Okay, great. That means i'm able to buy more in the future when i see some buyers finally stepping back in, but i think this is a blip on the radar like this. Just does not. I don't know, for whatever reason it doesn't phase me, because i guess i just have so much confidence in where all this technology is going, but i would love to get some of your thoughts on.

It would like to see the mindset of everyone else in the moon gang of how you're feeling on it scared money, don't make no money. What else do we have? Oh some people are literally saying they've already bought more today, um. What 10 cryptos did i buy? I'm not done yet so i was going to make like a video when i finally get all 10 just because some of them require their own wallets and their own, like, unfortunately, i can't get the 10 that were all chosen from one place. So when i finish it up, hopefully i mean definitely by this week honestly, hopefully even today, i'll have all 10 and i'll, let you know the prices and everything and in a certain sense i mean the fact that i'm like a week late, i get just to Buy this dip now so like for me, it kind of worked out well to just get wait that one week and get some nice sizeable discounts.
I mean if you like something you would love it, then, on a discount like if you already know, you're gon na buy a product. If you already know, you're gon na buy an asset and it's the exact same one and you just have to pay less for it. It's kind of a no-brainer that you go shopping on discount, it's a great time. Uh matt did you partner with rumble because rumble will combine with nasdaq? No, no, i partnered with them because they basically said hey.

We have a platform to ensure that your voice will not be silenced the way it has been on youtube, and i was like that sounds great to me, um when it comes to their them going public on cfvi, i don't own any at all. I, like i, don't, have an equity stake in the company uh. If that ever changes, i will obviously let you know, but it has like nothing to do with it. I mean they trade, publicly twitch trades.

Well, twitch is a part of amazon which trades publicly youtube's a part of google which trades like they all trade publicly. What else do we have? I haven't heard of unimoon but you're saying that they are in like a web 3 play, which that's definitely a hot buzzword right now, actually a very hot buzz word uh. If shiba inu gets listed on robin hood, i would think that naturally just allows it to be consumed by more users, because i think there are people that are only specifically on robinhood. So i think that would help.

But do i think that that's the thing that is going to make it explode another like hundreds and hundreds of percent? Well, no like it would help like. I would in no way argue that that's bearish, like it's definitely going to help. It's just a question to like what degree, but with that being said, i strongly strongly advise against using robinhood. I just don't trust them.

That's my own personal, take obviously you're, i'm not your financial advisor, i'm no one's financial advisor, i'm in charge of my money and that's exclusively it so you're in charge of yours. I do hope you make your best decision decisions for you, but i think ftx, especially if you're interested in cheap ftx like blockfolio, like they have ftx. They have like more of like a coinbase pro esque platform that you could get like, ftx us or, if you're, an international person. You could use that or if you just want a nice app like a very easy to use like if you're on robinhood, because you just like a nice interface check out block polio.
I believe it's pinned to the top of chat right now. It's also the first link in the description, maybe the second link in the description i just got rocking with this myself a couple days ago and thus far it's just like a nice, simple ui and on top of that for every 10 or plus usd trade. You end up getting a free, crypto and obviously the more you trade, the more free crypto you get way. I like that way better than ramen.

I just i really refuse to use robin hood like at all. I just don't trust them whatsoever when it comes to weeble. Sometimes i use them for their charting. In reality, i use weibo right now.

The numbers that you're seeing like right over there, i'm just pulling them off a weeble screen, that's my extent of using weibull. I refuse to trade with them um, just when it comes to crypto. A lot of the problem is: if you're, using these certain platforms, you don't actually own the crypto, you don't have a wallet, so you can't send it out. You can't receive it.

It's like a very fancy iou and then, when it comes to stocks, we know robinhood and weibull engage in payment for order flow, which i'm just morally opposed to thoughts on ripple xrp. So i don't own any ripple um. I obviously understand that if it wins its current lawsuit, which hopefully we get some of those answers in 2022, i think ripple would rip higher and higher um. I like i just want to be clear.

I don't own anything to own any ripple to my understanding. Ripple has a very equivalent community to amc and gme. I think it's very hard to discount what a massive supportive community can do with that. There's some pros, but then there's also some cons.

I mean, i think sometimes, and you see this once in a while in the amc in gma world of where - and i guess like i don't want to speak about something that, like i'm not in the community, so it's hard to do, but i believe there's people In crypto, or in ripple who they're in ripple and they specifically dislike everything else like they think ripple's the best, which is fine like if you like, a sock and you think the stock's the best you should be in that stock, but then to speak. Illy about everything else, i think that can be like off-putting to some new members, so i think that would be something to consider, but i think the pros of just like how beneficial a large community can be, i think those pros do outweigh the cons, is voyager. A good platform seems to have a big spread, so i have voyager uh like i still have stuff on voyager, but that was one of the main reasons i was interested in ftx was they have better spreads um, far, better spreads, in fact, and also with it. When i was on voyager every time i talked about, i was like well, if you're not in the u.s, you can't use it well with ftx.

There is an international version, so i don't know the ui is really good. The spreads are better. Their kickbacks are kind of cool, it's better than just like the 25 as like, for the first time that you sign up here, you still get bonuses every single time, you're doing a trade or a transaction. Where do you see mana by the end of 2022? That's a great question: i don't want to give it away, i'm going to do a whole standalone video on mana, but mana sand and gala are all going to be part of that, like the 10 different crypto challenge.
Just because of how bullish i am on the metaverse super super bullish, all right. Well, that is it for today's crypto core stream. I do appreciate all of your time. Thank you.

Thank you. Thank you. If you enjoyed this - and you want to help me out, it would be awesome if you could drop a like. If you haven't already don't forget to hit that subscribe button liking, subscribing commenting all that type of engagement.

It really does help me out. It doesn't cost you a dime whatsoever, liking, commenting subscribing that engagement, basically just tells the algorithms hey, you guys enjoyed it, and hopefully it serves it to other people who might find also enjoyment with it. So i appreciate everyone who's, helping me out on that front. Once again, thank you and, as always for me and chair best of luck in the markets, you.


2 thoughts on “The crypto crash hold or fold?”
  1. Avataaar/Circle Created with python_avatars Espazjan Nigma says:

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  2. Avataaar/Circle Created with python_avatars Pickles says:

    Check out Dolan on BSC!!

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