Transcription
How and why I treat cryptocurrency like a business. Now listen to this entire thing all the way to the end so that you can have a clear understanding. Now let me start from the beginning.
The reason why I even started a crypto channel was because I wanted to find a way to get on the inside of this crypto thing. It's totally different when you're on the outside. You have no idea what goes on on the inside. So, I made it my business. Now, I have other YouTube channels. I've been doing this for a while. You know, my wife is one of the original YouTube YouTubers with uh PewDiePie and them back in the day. So, I started a channel. I have multiple channels, okay? But I started this one so that I can get on the inside. It was a way for me to get on the inside and figure out the inner workings and how this thing works.
Now, once I explain how this thing works, the majority of you are not going to like what you hear, and you're going to revert back to what you have been doing, how you've been thinking. You may even unsubscribe. I don't give a damn. Okay, but I'm for those that want to know exactly how this thing works, I am going to break it down to you 100%. So, I wanted to get on the inside because this was the easiest way to do it was through the way of content creation and or influence to learn the inner workings.
Okay, so this is how this thing works. Cryptocurrency, the blockchain is an easy, a very easy way to raise capital. Okay? So, in order for anybody that's a business owner like myself, if I wanted to go to the bank to get a business loan or a credit card, now I have a million dollars in business credit. I have multiple businesses. I have over a million dollars in business credit. Every time I go to a bank, whether it's Bank of America, uh it can be uh Chase Bank, any of them, they're going to ask for tax returns. They're going to want to do credit checks. They're going to want uh bank statements. They're going to want all of this stuff just for me to be able to get a line of credit. They're going to want to see, hey, is this business making money? If it's making money and and and you know you have a positive cash flow, they'll give you business credit as long as you have good credit history, whether that's personal good personal and or business credit history, and you can pay the money back. They will give it to you.
However, when you have a startup, which is what most of these cryptocurrency companies are, it is a lot harder to get that capital. If you go to a Bank of America and you have a business idea, they're not going to give you the money because you don't have any cash flow to prove that this business makes money. We've all seen Shark Tank when these people have startups and they they do that song and their dance and they show what the product does and the first thing that the sharks ask is how many have you sold? How much money are you making? How much does it cost to produce this product? So with a startup, most people can't answer that question. So generally startups go to venture capitalists or they go to, you know, their uh like GoFundMe style platforms where you can raise money.
However, in the cryptocurrency market, there's less red tape. You can raise millions of dollars quickly in days, in weeks, and you don't have to go through any SEC red tape like how is like if you started a company and you want to get on the New York Stock Exchange, which on the stock exchange is the same thing. You're technically people are buying shares of your company for them to raise money to uh, you know, make the product bigger, better, expand into other products, whatever.
However, in the cryptocurrency market, the majority of people do not know that there is a separation between the token and the company. For example, Ripple is a se is a company over here and XRP is their native to XRP is their native token that they use to raise money. Zbec network is over here, but they use the Zbec network token to raise money. XLM for another example is over here, but they use the XLM token to raise money.
Now, I see all over social media people are like, "Man, why is XRP going down?" And, you know, they had all this good news and Zbec Network at this partnership. And if you're in my group, um, my Discord link down in the description, we short a lot of these coins. You know, Zec Network said, "Hey, we got a partnership with Dosha Bank. We shorted it and made money on it while everybody else is buying and losing money." And the thing that people do not realize is that this is all it is. It is a way for companies to raise money, but it is not like the stock market. In the stock market, the same company that is raising money is the same company that that that you're buying. But in the crypto market, the company that is raising money is separate from what you are buying.
Let me break it down even further. If you just woke up today, I got this grand idea. I want to I want to start a business where I'm selling these dope hats. I got this dope design, but I don't have the money to do it. I only got $25,000. I only got $50,000 to work with, but it's not enough for me to do everything. You can go to ChatGpt. ChatGPT will tell you exactly what to do to create a token. You've created that token. Boom. Then there's another AI app. I can't think of the name of off my head where it can create a website. In 10 minutes, you got a website. You can then create all of the social media platforms. Next, there's a marketing firm or several of them. You can go and say, "Hey, I got $50,000. I need you all to promote to promote my token." They'll split that money up amongst influencers. They'll generate bots on X to follow your account and start generating tweets every hour, you know, to to get it moving. And then you pick a day, hey, on Monday, I want to start promoting this thing. Every influencer on YouTube, X, Instagram, Threads, Facebook will all drop your token at the same time. and you'll start making money.
And at first, you used to have a lot of ducks in a row. You know, if you wanted to present in front of a venture capitalist capitalist firm or if you want to try and, you know, IPO on the stock market, there's a lot of paperwork and everything that you have to do. But in the cryptocurrency market, you don't have to do any of that. There's there's no rule. It's it's a free-for-all. There are no rules in place for this. So that's why when you look on social media and you see these random people just driving through Miami, Lambos, mansions, that's what they're doing.
Now granted, there are some people that have real companies. Say, "I got this this idea of an invention I want to invent." They'll create a token and then use the money over there to do that. And they'll tell people, "Hey, we're trying to invest in this." Like, you know, cool. But then you have others that are just like, "Shit, you know, there's a legal way for them to do it and pump and dump you. It's it's there's a legal way for them to do it." And I'm not sure if you all remember uh I talked about a token called KDA Kadina that they just went out of business. They got as much money out of the thing as they could and they went on about their life and then they just rugpulled everybody. And Kadina had a cult. Everybody was like, "Oh, Kadina is the next best payment everything." And D. One day people woke up, boom, that drone was dead. And now people are all If you go to If you go to X, if you go to X, let me let me pull it up. If you go to X, go to Kadina. I'mma pull it up and I'mma show you all the proof. All right. So, here is exhibit A. No longer active. No longer active. And if you look in their comments, like literally the the day before they announced it, they were out, you know, doing their thing at these different conferences and the next day they they they they pulled the money and people, bro, there's no way you guys went bankrupt the next day. One last company trip. [ __ ] you Jets and scammers. Why? You guys must feel so foolish right now. Build on Salana instead. Like people are just in the comments like upset that they lost their money in this thing.
This is what it's about. Sometimes these things fail and on the stock market and with the venture venture capitalist firms, they got to answer to these people. You know, some of these guys can um if you rugpool uh venture capitalists, like you can you can go to [ __ ] jail, but with this [ __ ] no. Uh-uh. That ain't happening. You can get away with it. So, this is one of the reasons.
So once I was able to infiltrate and figure out, okay, this is what they're all doing, all of them, with the exception of like Bitcoin. I mean, Ethereum kind of somewhat does it. Um, you know, Ethereum isn't uh, you know, it's a it's a little bit different. And so once I figured that out, it's like, okay, I get it. I get it. I understand exactly what's going on here. The majority of these coins won't be around because it's only so long you can play musical chess with this [ __ ]. It's only so long you can do it. At some point, the music's going to stop. At some point, it's going to stop. And when it does, that's it. Belly up. And it's going to be the majority of them. So, you know, these are things that people don't understand.
You know, and and I'm giving you the game. If you're somebody out there that wants to start a coin, that wants to bring in instant liquidity, literally use GBT. It's going to tell you everything to do. And if you're somebody that doesn't want to go that route, let's just say you want to make a million dollars this year. I'm going tell you how easy this [ __ ] is. Let's just say you want to make a million dollars this year. Start a YouTube channel and talk about XRP. Just talk about XRP. Every video needs to be about XRP. You'll make a million dollars easy. And that's one of the good things about being on the content creation side because you start to get you started to get to know people. You get to know, you get to know people to know people like the blockchain backer that that dude got he done ran up like 20, 25 million maybe more. No. And nobody knows who he is. I know who he is, but most people have no idea who he is. And the people that follow him are [ __ ] broke. The majority of them. Because he he's smart. He built a business on the hype and the um the cult of XRP. If XRP goes to zero tomorrow, he he's good. He can ride off. He can he he got a Bugatti. He can ride off and win on his [ __ ] Bugatti.
So, you know, so once you learn how the game is played and how to play it, then you can say, "Okay, so that's when I said, "All right, this thing is a business. I get it." Like, you know, now I can start let me start shorting these coins. Let me look for the patterns that they make and make money off of it that way. So, once I figured that out, I was like, "Oh [ __ ]. Well, [ __ ] this. That's how I'm doing like over $10,000 a week in trades because they they're this is very similar to the Forex market, but because there's not as much money, it's not as manipulated and it makes certain patterns every week, every other day, and I just take advantage of those patterns and I just trade those patterns.
So, for me, it's a business. I don't get caught in these echo chambers while I'm just sitting here listening to, oh yeah, XRP is making this move and Ripple is doing this and Zbec Network and XLM and I'm just sitting here watching these videos people talking about and you and you're not making any [ __ ] money. You're not making any money. None. Zero. Your your wallet goes up and down. Most of y'all in the negative. You you know, you think holding these things long term is going to make you a multi-millionaire and it's not.
Okay. So once you understand how the game works that these people are just you th this the point of the token is for them to raise money and that's it. Okay, it's not it's not to add any value to you. It's for them to take money out and then build something over here physical in the real world and make money over here. Now, they do hold on to some of the tokens just in case people run in and want to push the price up and then they just take more money out and build whatever they want to build over here because there's nothing holding them to a standard where they have to. In the stock market when you when you have shareholders shareholders you have to answer to those investors. In the cryptocurrency market, you do not have to answer to those investors. They don't give a [ __ ] about you. It's all about raising money.
And when you look on X and you look at these and you and you get into these uh echo chambers, it's 90% of is bots. Sometimes you see the bots in my comments. I I have no control over it. You know, I try to you YouTube need to handle that. But what I'm saying is the these things are bots. When you pay that money to a marketing company, that's what you're paying for. So, so those bots that you see, that's an upcoming project that somebody is paying for. So, you'll see it in in people's YouTube comments, you'll see it on X, you'll see it on Instagram, you'll start seeing people making videos about it. That's what's going on. But it's just some are on larger scale than others.
And I'm not saying XRP and XLM and you know, they may have real tech. They have real technologies on in on this side, but the point of the token is for them to raise money and be able to say, "Okay, all right, y'all. We got we got $20 million. Boop. Let's take it over here. Put it over here and do this." But it's not to add value back to the investors. That's what I'm saying.
So once you have so once I had the understanding it's like okay like the majority of these junks are going to go to zero. They're complete [ __ ] trash. You know people are doing this just to you know bring themselves liquidity cuz I could have been created a token easy dozens of them and made it cuz I I already have the pipeline. I already know who to call. I already have the money like hey here go 100,000 like let's get this [ __ ] popping tomorrow. I could have been dead that [ __ ] easy. So that's the game. That's what the game is. The majority of people do not know this. And people will watch this video and go right back to their echo chamber. And you're not going to become a millionaire from this [ __ ] because you don't understand how the game is and why and why it's going on and what's going on.
You have some people that are going to watch this video and they're going to go create a coin. They you a homeless man can create a coin and get this [ __ ] popping and be a millionaire in a week faster than using a GoFundMe faster than you know any of this other [ __ ]. Like literally no red tape. There's red tape in the GoFundMe. There's red tape. But in this [ __ ] there's no red tape. They can literally get the money and go and just rugpool. We saw the New York mayor do it like and guess what? Nobody's going to do [ __ ] about it. Nobody.
So, all in all, you know, that's why I look at this thing as a business. When I wake up or or normally on Saturdays, I look at all the charts. I look at a couple hundred cryptos and say, "Okay, which ones? Where are the patterns? Where are the patterns?" Oh, boom. Right there. All right. Got one. 10 grand. All right. Shut my computer down and go about my business. Like I'm not wasting my time sitting here learning about, oh, XLM is putting doing this and they're partnering and Zbec is doing this and that and dog. None of that [ __ ] matters. None of that [ __ ] matters. It doesn't. None of it matters because they all you are is is providing liquidity to them. That's all you're doing. Now, you're doing that in the stock market, but you can hold them accountable. You can't hold these folks accountable. It's impossible. Number one, you don't know where they are really who they are. Number number two, there's there are no laws governed to hold them accountable. None.
So, you know, I know they're trying to pass the Clarity Act, which is really for, you know, for stable coins and stuff. You know, they're made I don't think that this presidency will put stuff in place to stop this. In the future, they'll be able they they'll stop it. But right now, it's a gold mine. You can literally like all these kids down in Miami, you see with all this money, that's what they're doing. They're creating coins and running that [ __ ] up cuz there's nothing nobody can do. And people fall for it every time. They're going to continue to fall for it because people look at crypto, like I like I mentioned before, as a parlay. You could put $10 on the Super Bowl. Who's going to win it and win $500,000? That's how people look at this [ __ ]. A 25 leg parlay and think that they're going to run it up with their little 500 or a,000 or, you know, 2 $3,000 buying a token. Good [ __ ] luck. Good luck with that [ __ ].
But anyway, um I just wanted to just let y'all know why I look at the market like this because I'm on this side. If you're not on this side, you're getting information from people on this side. And it's not just content creators, but these these outlets too. You're you know, these these your coin market caps, um, you know, these different apps and you know, you if you're on if you're not on this side, you are getting information from somebody that is on the inside. And I'm telling you, the majority of that information is complete [ __ ] [ __ ]. 99.9% of it. I don't I don't give a [ __ ] from Cointelegraph, Coin Market Cap. It's complete [ __ ] [ __ ]. They know how this [ __ ] go. They But they're not going to tell you, but they know how it go.
But anyway, uh make sure like, comment, subscribe. Uh check out, you know, the Discord links down in the description. I appreciate you all watching. Sorry for my rant.