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Speaker 1: The Coin Bureau podcast is a production of My Heart Radio.

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Speaker 1: I think it's really important for people to remember that

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Speaker 1: the really important things in life are things like you know,

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Speaker 1: our family, our friends. You know, crypto is amazing, but

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Speaker 1: it should it should never come before your family, before

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Speaker 1: your friends, before taking you know, the things that are

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Speaker 1: really important. Welcome to the Point Breo podcast. Everyone. My

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Speaker 1: name is Guy and I am joined as ever by

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Speaker 1: my faithful, long serving and long suffering friend, Mad Mike Mooch.

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Speaker 1: We are again recording remotely me from Dubai once more.

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Speaker 1: I'm I'm in London, Old gray London and you're in

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Speaker 1: in sunny Dubai. That's how you say of it. That's

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Speaker 1: how Terry Terry Tips said it. And that's how I

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Speaker 1: like to say. Did you blay Terry Terry Tip what

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Speaker 1: he was talking about? Um, you've had a busy week.

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Speaker 1: I have had a busy week, Yeah, I have. I was.

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Speaker 1: I had a busy weekend. Actually I was. I went

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Speaker 1: to a I went to an event, a Binance event

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Speaker 1: at the Birch as well, sort of looking onto the Burge.

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Speaker 1: And it was to celebrate Binance launching a regulated exchange

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Speaker 1: in and UM and it was. Yeah, it was. It

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Speaker 1: was pretty cool. There was a big old light show.

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Speaker 1: There was a swanky sort of meet and greet with

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Speaker 1: lots of important people there and well and some unimportant

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Speaker 1: people there as well, like myself, And it was it

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Speaker 1: was great. Met lots of interesting people and highlight of

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Speaker 1: the evening I got to not only meet but also

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Speaker 1: chat with c Z, the CEO of Finance or or

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Speaker 1: I think c Z as he's referred to in the unit,

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Speaker 1: none of this C pronunciation. Yeah, and yeah, obviously c

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Speaker 1: Z is Finance CEO, one of the most well known,

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Speaker 1: recognizable and let's let's not mince words, richest people in crypto.

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Speaker 1: And yeah, and then some and I have to say

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Speaker 1: he was lovely. He was a very nice chat very unassuming,

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Speaker 1: very modest, very down to earth. You know, there was

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Speaker 1: no there was no kind of a big dick billionaire

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Speaker 1: energy sort of coming off him. He just yeah, he

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Speaker 1: just seemed like a guy on a mission who was

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Speaker 1: very much enjoying himself. I think, yeah, wonderful. So yeah,

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Speaker 1: it was, it was really cool and I got to Yeah,

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Speaker 1: I sort of chatted with him a bit about Dubai

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Speaker 1: and about Binance obviously, and I also got to ask

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Speaker 1: him a bit about what it was like being him,

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Speaker 1: because this is something that's always, you know, I've always

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Speaker 1: wondered because I often think like being the CEO of

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Speaker 1: a crypto exchange must be one of the most like,

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Speaker 1: on the one hand, rewarding jobs in kind of every

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Speaker 1: sense of the word, and in the on the other hand,

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Speaker 1: stressful jobs of all time because there's just you know,

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Speaker 1: constantly stuff happening, stuff you having to deal with stuff.

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Speaker 1: And it's one of these things, isn't it. Like the bigger,

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Speaker 1: you know, the bigger the organization gets, the more the

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Speaker 1: more eyes, the more scrutiny. Yeah, and just the more

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Speaker 1: things to deal with, the more people wanting stuff, you know,

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Speaker 1: and it's um so, but I mean again, you know,

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Speaker 1: he seemed c Z seemed very sort of calm. He didn't,

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Speaker 1: you know, he didn't didn't seem like someone um who

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Speaker 1: was you know, sort of meeting dozens and dozens of

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Speaker 1: people a day and having to keep so many plates

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Speaker 1: spinning or balls in the air or whatever metaphor you

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Speaker 1: want to use. And yeah, it was great, and I mean,

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Speaker 1: he he had some interesting insights. He said, he's basically

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Speaker 1: he basically now practice sort of five minute meetings, which

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Speaker 1: was pretty good, you know, none of this sort of preamble,

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Speaker 1: let's just get it done, five minutes, right out the door,

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Speaker 1: off we go, next thing. Um. And he did reassure

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Speaker 1: me that he manages to chill as well, you know,

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Speaker 1: get some get some sort of time off. He's a billionaire,

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Speaker 1: of course he's of course he's manages the chill. Well, yeah,

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Speaker 1: you say that, but I mean again, I think he

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Speaker 1: doesn't have to come home and do the laundry, do

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Speaker 1: you know what I mean? He doesn't have to come

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Speaker 1: home and go, what am I going to cook? Oh? Yeah,

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Speaker 1: my cook will do that. I'm a billionaire. Um. And

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Speaker 1: he's just he's reduced all his meetings down to five minutes.

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Speaker 1: So it's kind of like I'm assuming that's in his

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Speaker 1: personal wife as well. So it's like, speak to his wife,

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Speaker 1: you've got five minutes. Five minutes just cuts her off, right,

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Speaker 1: that's it? Yeah, well, you're right, but I mean I

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Speaker 1: often think like that, the richer someone gets, the more

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Speaker 1: the more demands there are on their time. Surely, you know,

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Speaker 1: and I'm being silly obviously, but but no, I he yeah,

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Speaker 1: I think he I think you're right though, because at

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Speaker 1: some point you go hang on a sec I'm a billionaire.

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Speaker 1: I don't have to do I'm no, I'm going to

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Speaker 1: the beach or I'm taking the private buying a beach.

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Speaker 1: I'm gonna I'm gonna go and build a space rocket

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Speaker 1: for a little bit um, have you. That's why I

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Speaker 1: want to know how does he fritter his money? Because

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Speaker 1: how people spend their disposable income and and and you know,

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Speaker 1: waste it to to degree, there's always an indication of

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Speaker 1: the type of human being that they aren't, you know

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Speaker 1: what I mean? And I want to know what does

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Speaker 1: he do with you know, like, how does he enjoy

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Speaker 1: spending money? Or how does he what? What? What is

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Speaker 1: his outlook for it? Is he got you know? Does

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Speaker 1: he like to gamble? Is he like like does he

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Speaker 1: collect handbags? Is he a warhammer enthusiastic? I want to

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Speaker 1: know these things. And I don't think you ask those questions.

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Speaker 1: I didn't ask those questions. I didn't feel it was

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Speaker 1: the time of place to ask him if he was

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Speaker 1: a gambler or a collector of handbags. But do you

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Speaker 1: know what You're right? What are your ultramarine collections? Like

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Speaker 1: in Warhammer three thousand or whatever, we do you know

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Speaker 1: what like the worried, the worrying, That sort of situation

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Speaker 1: is that you ask someone a question like that, you know,

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Speaker 1: kind of tongue in cheek, and it then turns out

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Speaker 1: they're a massive Warhammer fan or something, and you get

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Speaker 1: stuck in the discussion. And I mean, I know I

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Speaker 1: know nothing about Warhammer. Do you know what my next

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Speaker 1: time I get the opportunity to speak to someone like that,

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Speaker 1: you know, to speak to someone at that kind of

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Speaker 1: level of wealth, which I hope I will. I will,

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Speaker 1: I will try and I will try and ask that

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Speaker 1: question in a in a slightly more nuanced way. You know,

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Speaker 1: how do you? How do you? Or what you could

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Speaker 1: do is just put them on the spot and just say, hey,

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Speaker 1: look I need a million dollars. I've got a very

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Speaker 1: very sick puppy and this he needs an operation that's

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Speaker 1: it's going to cost a million dollars? Can I can

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Speaker 1: I borrow that off you? In front of everyone who's

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Speaker 1: going to have like be like yeah, cool or no,

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Speaker 1: just just make This is why people don't ask me

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Speaker 1: to interview them. I think this is why you get

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Speaker 1: interviews with ces and I'm interviewing you basically, you've got

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Speaker 1: the You've just got the scraps from Caesar to table.

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Speaker 1: I don't get interview Caesar, but I did get to

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Speaker 1: speak the guy who has spoken to so I can

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Speaker 1: get it a second hand. Um. Yeah, yeah, no. But

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Speaker 1: perhaps you're just perhaps you're just too direct for your

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Speaker 1: own good Mike. You need nuances, you need to be

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Speaker 1: able to know they can't handle the scrutiny of my

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Speaker 1: of views. I asked the tough questions. You're the sort

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Speaker 1: of Jeremy Paxman of the space that's grand inquisitor um. Anyhow,

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Speaker 1: I was I was very conscious at the end of

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Speaker 1: last week's episode, Mikey, that I'd kind of bummed you

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Speaker 1: out a little bit with all my sort of talk

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Speaker 1: about post merge problems for Ethereum and the crypto market

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Speaker 1: in general and just the world in general. You were

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Speaker 1: I I felt by the end that I managed to

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Speaker 1: bleed a lot of the enthusiasm out of you. Well,

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Speaker 1: I've forgotten about it until you just brought it up

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Speaker 1: right now, So thanks again for bringing that darkness back

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Speaker 1: into my psyche. I'm just I'm relying on your goldfish

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Speaker 1: leg attentions man gotten in about five minutes time. Was

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Speaker 1: that my my, my, my acute a d h D.

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Speaker 1: What are you going to cheer me up with this week?

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Speaker 1: What we got? What we're talking about? Well, I we'd

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Speaker 1: I thought we'd take a little bit of a different

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Speaker 1: direction this week. Um, there is a Now, as as

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Speaker 1: I've said many times before, and I'm sure you're aware

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Speaker 1: as well, crypto Twitter is kind of is, you know,

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Speaker 1: is the big sort of meeting spot, towns Square or

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Speaker 1: whatever they call it for the crypto industry. And you

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Speaker 1: know this, it's it's kind of central to I guess

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Speaker 1: the agenda of the crypto industry in a way. You know,

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Speaker 1: if you want to if you want to have an

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Speaker 1: idea of what's going on in crypto, you need to

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Speaker 1: be on crypto Twitter. Okay. Now, the problem is that

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Speaker 1: there's kind of there's a there's a few problems with this. Basically. One,

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Speaker 1: crypto Twitter is like a lot of other places of Twitter,

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Speaker 1: it's uh, you know, it can be an absolute cess

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Speaker 1: pool sometimes people going out of their way to be

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Speaker 1: their very worst selves. So there is that, So there

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Speaker 1: is you know, that kind of downside to it. Although

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Speaker 1: it has to be said, there are lots of very

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Speaker 1: cool and you know, very smart, very opinionated people there,

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Speaker 1: but sometimes it does descend into a bit of a uh,

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Speaker 1: you know it all gets modest, Yeah, exactly. Yeah. And

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Speaker 1: of course Twitter itself, the app, I don't know. I

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Speaker 1: don't know if you find this in comedy Twitter or

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Speaker 1: whatever other sort of incarnations of Twitter that you're on. Um,

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Speaker 1: but the app itself is so full of bots and

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Speaker 1: spam at the moment that it can be it can

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Speaker 1: be almost unusable at times. I think this may be

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Speaker 1: a problem that's particularly acute to crypto. But I mean,

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Speaker 1: how do you find using Twitter these days? Um? Well,

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Speaker 1: I I no one, No one engages with me. It's

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Speaker 1: just like shouting into an empty room. Really, But I

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Speaker 1: think no, I think I think you're on on on

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Speaker 1: on on accounts such as yours, where there are people

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Speaker 1: who are looking to it all the time for you know,

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Speaker 1: for for update and news and stuff like that. You

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Speaker 1: are going to be targeted by the bots, which are

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Speaker 1: definitely only five and after Twitter and definitely not not

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Speaker 1: more than than that. Then then yeah, you're gonna you're

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Speaker 1: gonna get get stuff like that all the time. And

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Speaker 1: I suppose it's it's it's a testament to your success.

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Speaker 1: Really if you don't have a lot of bots after

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Speaker 1: you know, what is a crap about what you say?

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Speaker 1: That's that is the price of success. You can either

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Speaker 1: be you can either be ignored or you can just

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Speaker 1: be botted and spammed into into oblivion. That there there

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Speaker 1: is no middle ground. Yeah, um, you know, it's you're

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Speaker 1: you're you're right in in a lot of ways day,

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Speaker 1: you know. And and obviously it's anyone with anyone with

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Speaker 1: a sort of largest following on on Twitter, I think

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Speaker 1: probably experiences this in one way or another. But yeah,

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Speaker 1: crypto Twitter, I think is is can be particularly bad

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Speaker 1: from a sort of botting and spamming point of view,

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Speaker 1: obviously because of the associateations that the crypto industry has.

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Speaker 1: How I was going to ask you about I was

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Speaker 1: going to talk about the pound as well, but I

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Speaker 1: think I think we just better not go there, head

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Speaker 1: we It's just it's just we don't want to start

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Speaker 1: depressing ourselves again. But yes, so anyhow crypto Twitter. Now,

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Speaker 1: I follow obviously a lot of people on crypto Twitter,

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Speaker 1: a lot a lot of different accounts, but one of

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Speaker 1: my absolute favorites and one that I think one of

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Speaker 1: the few that I religiously look at every day is

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Speaker 1: one called coin fesshions um and it is, according to

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Speaker 1: its own bio, anonymous crypto confessions. And it's curated by

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Speaker 1: another account called illustrate Alpha, which is kind of trading

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Speaker 1: more of a kind of trading focused account. UM. So

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Speaker 1: for anyone interested at coin fessions is the handle of

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Speaker 1: this particular channel. Now it does very much what it

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Speaker 1: says on the tin anonymous crypto confessions. So this is

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Speaker 1: a place where people go and you know, they can

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Speaker 1: they confess, they talk about things, um that they talk

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Speaker 1: about their experiences in crypto that they wouldn't normally, you know,

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Speaker 1: they wouldn't share with the wider world. Um. And obviously,

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Speaker 1: as I say, they're anonymous as well, it's you might

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Speaker 1: be I don't know, you might be familiar. I think

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Speaker 1: there's a there's a sort of more mainstream one on

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Speaker 1: Twitter called the First Hole. Yeah, yes, yes, there's a

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Speaker 1: there's a few like that. There's there's First Hole. But yeah,

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Speaker 1: over two coin fashions. There's loads of these on the

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Speaker 1: on on the Internet, and some of them are hilarious.

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Speaker 1: I always wonder about the validity and the the you know,

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Speaker 1: the origin of these is it's one guy making these up.

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Speaker 1: Some of them are so detailed and it's so so

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Speaker 1: so niche that the kind of thing maybe maybe they

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Speaker 1: are maybe they are real. Yeah, yeah, it's it's an

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Speaker 1: interesting point because yeah, like I say, I I check

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Speaker 1: this account every day and obviously it pops up in

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Speaker 1: my feed all the time. But yeah, you do sometimes

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Speaker 1: think like that, can that really be true? Or is

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Speaker 1: that you know, is that someone is that somewhat sort

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Speaker 1: of just kind of saying what they think and all

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Speaker 1: this sort of stuff. But yeah, yeah, it's it's it's people,

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Speaker 1: It's it's why it's certainly moderated coin fessions. I think

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Speaker 1: probably things like fest hole and stuff are as well.

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Speaker 1: But yeah, I think the moderators of coin fessions seem

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Speaker 1: to have I think a pretty good eye for you know,

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Speaker 1: for for the for the fake stuff as well. But

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Speaker 1: that said, you know, I think we have to treat

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Speaker 1: everything that that we see on it with a with

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Speaker 1: a pinch of salt, if not more. But do you

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Speaker 1: know what, it's something that the reason I like it,

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Speaker 1: there are kind of a few reasons why I like it.

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Speaker 1: I mean, sometimes it's just outright funny. I have to

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Speaker 1: be honest with you. Sometimes it's just outright bleak as well.

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Speaker 1: Some of them are really you know, a bit a

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Speaker 1: bit distressing. But it's I find it a really kind

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Speaker 1: of helpful dose of reality sometimes, um, because I'm I

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Speaker 1: think I'm like most people in that when you know,

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Speaker 1: when you get stuck on Twitter and you just find

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Speaker 1: that time has evaporated and you've been on there an

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Speaker 1: hour or something and you only went on to check

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Speaker 1: and your sudden you suddenly just immersed yourself far too

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Speaker 1: much in this world. And I I find coin fessions

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Speaker 1: can sort of help drag you out of it sometimes,

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Speaker 1: and especially when you know it's perhaps most pertinent when

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Speaker 1: it is it is your knar can to to the

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Speaker 1: Twitter fent and all world. Yeah, exactly exactly. Um. So

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Speaker 1: I do find it a good sort of dose of reality.

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Speaker 1: It's it's particularly good when you know, when markets are pumping,

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Speaker 1: when everyone's you know, when there's too much kind of

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Speaker 1: irrational exuberance around, um, and everyone's kind of losing their

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Speaker 1: mind a little bit. The coin fessions is good for

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Speaker 1: kind of dragging you back to earth. But anyhow, like

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Speaker 1: I've been kind of. I was scrolling through it because

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Speaker 1: I thought we we could touch on some today, and

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Speaker 1: I thought, actually, some of these are I think there's

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Speaker 1: a lot that we can learn from them. I think

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Speaker 1: there's a few lessons that you can take from some

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Speaker 1: of these, and you know, as well as as well

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Speaker 1: as sort of a bit of comic relief in places. Um,

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Speaker 1: I think, I think, yeah, we can we can definitely

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Speaker 1: take some take some good els from some of these.

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Speaker 1: So I thought we'd just go through a few, um

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Speaker 1: and yeah, and see what see what we can learn?

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Speaker 1: What do you reckon? Yeah, okay, well let's do it.

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Speaker 1: I like, I like stories, and these are all little

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Speaker 1: mini um captions characters, characters, stories. Yeah, that the way

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Speaker 1: they do it, they do it with, they do it

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Speaker 1: with a sort of Obviously, the tweet itself is limited

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Speaker 1: in characters, so that tweets will generally be a little

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Speaker 1: you know, a summation is this longer than I'm out,

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Speaker 1: But they post them in a you know, in a

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Speaker 1: picture box, are written out in so but yeah, the

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Speaker 1: accompanying tweet is usually sort of a very pithy, you know,

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Speaker 1: a very pithy round up off the tweet itself. Anyhow,

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Speaker 1: I just sort of went back in went back in time,

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Speaker 1: starting with some of the most recent and then you know,

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Speaker 1: back to a few from earlier this year. UM and

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Speaker 1: I thought, we just go through and and and see

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Speaker 1: what see see what we can learn from them. So

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Speaker 1: this this is from one day ago. My body had

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Speaker 1: his entire wallet and n f T collection stolen via

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Speaker 1: a fraudulent minting contract. He was super downbeat as it

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Speaker 1: was a lot of money, and watched as the scamma

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Speaker 1: began listing his n f T s on marketplaces. Then

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Speaker 1: a creator of one of the n f T projects

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Speaker 1: he brought into purchased a bunch of the lost n

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Speaker 1: f T s and returned them to my friend, throwing

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Speaker 1: in an additional free one for good measure. It makes

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Speaker 1: me feel so much better about this space, knowing that

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Speaker 1: there are good people building and trying to do the

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Speaker 1: right things. That's That's a lovely story, man. Yeah, it's not.

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Speaker 1: This isn't it. There's a lot to take from that though.

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Speaker 1: I think there's there's there's a lot contained in that.

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Speaker 1: UM And I think, firstly, yeah, it's absolutely right. There

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Speaker 1: are I think I think there are the majority of

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Speaker 1: people in crypto are good intentions. They are there there

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Speaker 1: for the right reasons, and they want to make the

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Speaker 1: world a better place. And you know, people building these

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Speaker 1: n f T projects or these other crypto projects coins

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Speaker 1: or tokens or whatever it is. I think the majority

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Speaker 1: of them have have you know, are doing it for

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Speaker 1: doing it to do good. And unfortunately the fact that

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Speaker 1: there are bad actors out there tends to that obviously

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Speaker 1: tends to hog the headlines. So for me, it was

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Speaker 1: really nice to be reminded that there are good people

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Speaker 1: out there. Yeah, I mean it's yeah, it's like the

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Speaker 1: real world really, isn't it. It's just the real world.

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Speaker 1: It's just a it's just a a section cross cross

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Speaker 1: section of the real world. Um. And yeah, I'd like

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Speaker 1: to know who that guy was, who that that an

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Speaker 1: FT artist was, because I'd like to to go and

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Speaker 1: support them. Things like that are lovely and it's kind

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Speaker 1: of like it's like you get sort of Facebook pages

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Speaker 1: like that, the Dodo and stuff, and they just they

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Speaker 1: do nice things and you end up just crying into

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Speaker 1: your smartphone thinking about how lovely some people are. It's

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Speaker 1: like when you see those deaf kids, uh, and then

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Speaker 1: they they get a hearing it for the first time,

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Speaker 1: and and then they can start hearing and you see

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Speaker 1: their their eyes just light up and they know it's amazing, lovely, lovely. Now.

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Speaker 1: It is nice to be I think, because you look

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Speaker 1: at the news so much and you just see, I

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Speaker 1: don't know the news at the moment. The news all

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Speaker 1: the time just seems to be people being dicks to

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Speaker 1: each other in various inventive ways. And it is nice

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Speaker 1: to be reminded that there are good people in the

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Speaker 1: world and not everyone is not everyone is bad intentions,

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Speaker 1: it's just just people, and people in the news are um. Yeah,

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Speaker 1: and I think it does say it does have some

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Speaker 1: pertinent stuff to say, you know, to remind us about

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Speaker 1: just unfortunate really how many scams there are out there,

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Speaker 1: you know, and you know these scams are getting more

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Speaker 1: and more sophisticated, and even kind of experienced crypto users

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Speaker 1: are and sometimes even developers are getting almost caught out.

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Speaker 1: I saw I saw a really scary Twitter Twitter thread

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Speaker 1: a couple of weeks ago from a developer on a

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Speaker 1: crypto project, and they were basically targeted by scammers, and

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Speaker 1: they laid out in this thread, except the scammers whole

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Speaker 1: emm O and it was so sophisticated and so realistic.

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Speaker 1: And this this guy, as he was going along, you know,

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Speaker 1: just he just kind of spotted a couple of things

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Speaker 1: that weren't quite right. You know. I think there was

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Speaker 1: a spelling mistake in there somewhere, and there was something,

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Speaker 1: you know, something, there's something about the tone of one

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Speaker 1: of these people that said it was a really really

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Speaker 1: sophisticated attack. And this guy was this guy said, you know,

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Speaker 1: I only I only escaped it by the skin of

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Speaker 1: my tea. It was just because you know, there's this

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Speaker 1: couple of little errors went off and something didn't feel right.

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Speaker 1: It's good to be reminded firstly that there are good

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Speaker 1: people in the space who, you know, who want other

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Speaker 1: people to have a good experience and who want to

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Speaker 1: push back against these these scammers. And also it's it

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Speaker 1: serves as a good reminder that scam scammers are unfortunately

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Speaker 1: so prevalent at the moment, and the only way that

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Speaker 1: we can be um, the only way that we can

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Speaker 1: battle against them is by is by being wise to

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Speaker 1: what they're doing. And also, you know, the good people

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Speaker 1: sticking together as well. Yes, so I thought that was

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Speaker 1: that was a nice one to start off with, a

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Speaker 1: fairly kind of a fairly recent one. Let's go on,

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Speaker 1: and now we'll see a few through lines. I think

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Speaker 1: through some of these tweets as we go along, because

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Speaker 1: this one from a couple of days ago, or from

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Speaker 1: you know, a couple of days from when we're recording this.

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Speaker 1: Uh so, this one also involves n f T s.

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Speaker 1: Last year I made around one hundred thousand dollars just

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Speaker 1: by copying a well known influences and f T picks.

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Speaker 1: Bought my parents a new car, gave money to my brother,

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Speaker 1: helped friends make money the same way, brand new stuff

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Speaker 1: for myself, and made three n f T projects which

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Speaker 1: I've dumped around twenty dollars into. All of them failed miserably.

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Speaker 1: I have one left in my metal mask. Well, I mean,

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Speaker 1: look that, like, there's a lot to be learned from failure.

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Speaker 1: There's a lot to be learned from Look, he's still up.

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Speaker 1: He's he made a hundred thousand dollars and then he

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Speaker 1: you know, bought lovely things for himself and his family,

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Speaker 1: and you know, gave his brother some money in and

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Speaker 1: you know, his parents still have that car. And he's

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Speaker 1: gambled again. Or or invested and taken another risk on

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Speaker 1: some projects. And you know, he's not lost anything. He's

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Speaker 1: up still. But and he's also got the experience of Okay, cool, Well,

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Speaker 1: I've I've got burnt with with some some projects that

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Speaker 1: have failed measurably. But I'm sure you've learned some lessons

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00:23:11,119 --> 00:23:14,360
Speaker 1: from well, I hope you've learned some lessons from from

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Speaker 1: investing twenty thousand into into those n f T projects.

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Speaker 1: And you know, maybe that maybe that you know we're

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Speaker 1: in we're in a slump at the moment. Maybe if

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Speaker 1: if you if you hold onto them, and I don't

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Speaker 1: know what those projects are when when when the markets

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Speaker 1: pick up, and if the idea was good, then then

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Speaker 1: it may become good in the end, you know, you

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Speaker 1: never know. Yeah, yeah, be positive about it. Gained some

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Speaker 1: insights from from from your mistakes and that and then

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Speaker 1: therefore don't make those mistakes again. And it's not a mistake,

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Speaker 1: it's a lesson, Yeah, absolutely absolutely, And you know everyone

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Speaker 1: makes mistakes, but it's it's the people who it's the

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Speaker 1: people who make the same mistakes over and over are

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Speaker 1: the ones, you know, they're they're the idiots out there,

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Speaker 1: I think, Yeah, this guy, this guy or whoever it is,

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Speaker 1: has done, has done really well. They're they're definitely still up,

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Speaker 1: and I think really for them it's perhaps a question

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Speaker 1: of learning to quit whilst they're ahead, which I think

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Speaker 1: is something that many many people in crypto and elsewhere

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Speaker 1: really struggle with. I think because going through a lot

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Speaker 1: of these looking at a lot of these tweets, it's

426
00:24:18,880 --> 00:24:22,160
Speaker 1: always staggering some you know, some people it's like I

427
00:24:22,200 --> 00:24:24,800
Speaker 1: was up this much, or you know, I I got

428
00:24:24,840 --> 00:24:28,399
Speaker 1: to this much, and they just never you know, so

429
00:24:28,440 --> 00:24:31,600
Speaker 1: many people never take never get off the ride, never

430
00:24:31,640 --> 00:24:35,800
Speaker 1: take profits, um never quit while they're ahead. So I

431
00:24:35,840 --> 00:24:38,440
Speaker 1: think that's a that's a good lesson to learn from

432
00:24:38,480 --> 00:24:40,960
Speaker 1: that sort of tweet. You know, when you're up, you're up.

433
00:24:41,000 --> 00:24:43,280
Speaker 1: Don't be as as the saying goes, no one ever

434
00:24:43,280 --> 00:24:48,200
Speaker 1: went broke taking profits um so. And I think as well,

435
00:24:48,240 --> 00:24:51,159
Speaker 1: like there is that sense, you know, I think, but

436
00:24:51,280 --> 00:24:54,119
Speaker 1: where the sense of oh that was pretty easy, you know,

437
00:24:54,160 --> 00:24:56,040
Speaker 1: I'll give it a go. It's like I think you

438
00:24:56,119 --> 00:24:58,760
Speaker 1: need to. I think you sometimes need to know your

439
00:24:58,760 --> 00:25:02,879
Speaker 1: limitations as well, be like, Okay, I got lucky on this.

440
00:25:02,880 --> 00:25:05,560
Speaker 1: This well known influencer who's n f T picks. They

441
00:25:05,800 --> 00:25:09,560
Speaker 1: you know, they followed. It's like, okay, we've got to

442
00:25:09,760 --> 00:25:12,480
Speaker 1: we've got to admit to ourselves that there was luck

443
00:25:12,520 --> 00:25:16,520
Speaker 1: involved here, perhaps as much as anything else. Don't let's

444
00:25:16,560 --> 00:25:21,600
Speaker 1: fool ourselves that we can somehow necessarily recreate that. You know, again,

445
00:25:21,800 --> 00:25:25,159
Speaker 1: quit while quit while we're ahead. Yeah, I mean, but

446
00:25:25,200 --> 00:25:29,160
Speaker 1: it's easier said than done. I mean, like when when

447
00:25:29,160 --> 00:25:33,120
Speaker 1: you've got that that that that sort of adrenalinine Russ,

448
00:25:33,160 --> 00:25:35,240
Speaker 1: You're like, oh, wicked I am. You know what, I

449
00:25:35,280 --> 00:25:39,400
Speaker 1: probably should have been a trader. You know, you've made too,

450
00:25:40,200 --> 00:25:43,400
Speaker 1: You've got lucky you go, you know, I'm really good

451
00:25:43,400 --> 00:25:46,320
Speaker 1: at this. I probably you know what if I I

452
00:25:46,480 --> 00:25:48,720
Speaker 1: just you know, watch Full Wall Street one more time

453
00:25:49,160 --> 00:25:51,960
Speaker 1: and figure out what penny stocks are all about. I've

454
00:25:52,040 --> 00:25:56,199
Speaker 1: got this absolutely And it's it's funny you say that,

455
00:25:56,240 --> 00:25:58,640
Speaker 1: because that sort of leads on to the to the

456
00:25:58,840 --> 00:26:00,919
Speaker 1: to the next tweet that I doubt. And again, this

457
00:26:01,000 --> 00:26:03,040
Speaker 1: is something that comes up a lot on this channel.

458
00:26:03,440 --> 00:26:09,639
Speaker 1: Quote I'm a terrible trader, just really really bad book folks.

459
00:26:09,800 --> 00:26:13,360
Speaker 1: If you're if you're listening to this, that is this

460
00:26:13,480 --> 00:26:16,280
Speaker 1: is probably one of the most important lessons you can

461
00:26:16,400 --> 00:26:20,960
Speaker 1: learn in crypto. I think it's like, do not convince

462
00:26:21,040 --> 00:26:24,680
Speaker 1: yourself that you are a good trader, because the chances

463
00:26:24,720 --> 00:26:29,520
Speaker 1: are that you're not. It's um yeah, and again there

464
00:26:29,560 --> 00:26:33,159
Speaker 1: are so many tweets across coin fessions. You know, it's like,

465
00:26:33,720 --> 00:26:37,119
Speaker 1: realize what a bad trader I am or you know,

466
00:26:37,200 --> 00:26:40,840
Speaker 1: trading I try to trade X y Z and ended

467
00:26:40,920 --> 00:26:44,400
Speaker 1: up with diddlie squad, you know. Um. And it reminds

468
00:26:44,440 --> 00:26:48,600
Speaker 1: me of something that's often attributed to Socrates along the

469
00:26:48,640 --> 00:26:51,359
Speaker 1: lines of, you know, true wisdom only comes when you

470
00:26:51,440 --> 00:26:57,320
Speaker 1: admit how little you actually know. Um. And yeah, I

471
00:26:57,359 --> 00:26:59,720
Speaker 1: think I think if you can come to that realization

472
00:27:00,200 --> 00:27:03,720
Speaker 1: that you probably aren't the hotshot trader that you might

473
00:27:03,760 --> 00:27:09,640
Speaker 1: think you are, your life will be immeasurably better. Um.

474
00:27:09,680 --> 00:27:12,600
Speaker 1: Because from what I've seen of trading, you know, it

475
00:27:12,760 --> 00:27:16,520
Speaker 1: is it is so damn hard. And the good traders

476
00:27:16,560 --> 00:27:20,080
Speaker 1: out there that there they aren't There aren't many of them, um,

477
00:27:20,480 --> 00:27:23,000
Speaker 1: but they do exist. But you know, the really good

478
00:27:23,000 --> 00:27:26,320
Speaker 1: ones out there, they have to it's their whole lives.

479
00:27:26,359 --> 00:27:28,200
Speaker 1: I think, you know, they have to spend their their

480
00:27:28,200 --> 00:27:31,480
Speaker 1: whole life. That's what I was gonna say. It's kind

481
00:27:31,480 --> 00:27:34,720
Speaker 1: of it's it's one of these things like if you think, right,

482
00:27:34,720 --> 00:27:37,879
Speaker 1: I'm going to be a trader and you see someone

483
00:27:37,920 --> 00:27:40,160
Speaker 1: on Instagram telling you how it's going to be amazing

484
00:27:40,240 --> 00:27:43,640
Speaker 1: you do this, and and they're living the life, and

485
00:27:43,760 --> 00:27:46,040
Speaker 1: you know they're they've got they've got the flashy cars

486
00:27:46,040 --> 00:27:47,760
Speaker 1: and they're out in the clubs and stuff like that,

487
00:27:47,920 --> 00:27:51,639
Speaker 1: they're not a trader. Like to be really good at something,

488
00:27:51,720 --> 00:27:53,720
Speaker 1: you have to do a lot of work and a

489
00:27:53,720 --> 00:27:56,879
Speaker 1: lot of practice to really understand it. And if you

490
00:27:56,960 --> 00:27:59,400
Speaker 1: really don't understand what a candle is and you think

491
00:27:59,440 --> 00:28:03,119
Speaker 1: you're a good trader, you're you're not. And you have

492
00:28:03,200 --> 00:28:07,399
Speaker 1: to like live and breathe it. And you know you

493
00:28:07,480 --> 00:28:10,719
Speaker 1: may be on your on your on your exchange Apple

494
00:28:11,040 --> 00:28:13,240
Speaker 1: or checking with the markets every three or four minutes,

495
00:28:13,440 --> 00:28:16,480
Speaker 1: but that's also not a trader. Like someone who is

496
00:28:16,560 --> 00:28:20,200
Speaker 1: a trader is they've got screens up there stressing about it.

497
00:28:20,440 --> 00:28:23,640
Speaker 1: They're they're they're they're thinking about what else could be

498
00:28:23,800 --> 00:28:29,040
Speaker 1: influencing the market. Their second guessing people like the mind,

499
00:28:29,080 --> 00:28:33,199
Speaker 1: the hive mind, and that is it's it's impossible to

500
00:28:33,280 --> 00:28:35,960
Speaker 1: do like and even if you do all of that

501
00:28:36,320 --> 00:28:39,200
Speaker 1: and you are, you're living and breathing it. Something can

502
00:28:39,200 --> 00:28:42,200
Speaker 1: come around out of nowhere and just completely nut make

503
00:28:42,320 --> 00:28:46,080
Speaker 1: you and you're you're done. Yeah, And of course you know,

504
00:28:46,160 --> 00:28:48,600
Speaker 1: no one can, No one can predict the future. There

505
00:28:48,680 --> 00:28:52,480
Speaker 1: is no no amount of technical analysis or you know,

506
00:28:52,520 --> 00:28:55,160
Speaker 1: any other sort of any other sort of macro analysis.

507
00:28:55,200 --> 00:28:58,200
Speaker 1: You know, you can be you can read everything and

508
00:28:58,560 --> 00:29:01,000
Speaker 1: make us look at as many models and charts as

509
00:29:01,040 --> 00:29:04,440
Speaker 1: you like, but you won't see the thing that's you

510
00:29:04,480 --> 00:29:07,120
Speaker 1: won't spot the unexpected, the bolt from the blue, because

511
00:29:07,120 --> 00:29:10,680
Speaker 1: no one does. So yeah, you're absolutely right. And I

512
00:29:10,720 --> 00:29:13,479
Speaker 1: think I think one of the reasons why, you know,

513
00:29:13,560 --> 00:29:16,520
Speaker 1: trading has become it's such a kind of popular thing.

514
00:29:16,520 --> 00:29:18,600
Speaker 1: And this isn't just this isn't just the case with

515
00:29:19,120 --> 00:29:21,880
Speaker 1: crypto as well. You know there are people say trading

516
00:29:22,000 --> 00:29:24,560
Speaker 1: stocks and trading currencies and all this sort of stuff,

517
00:29:24,600 --> 00:29:28,640
Speaker 1: you know, fear occurrencies. I think the perception has been

518
00:29:28,680 --> 00:29:31,160
Speaker 1: for a lot of people that trading is kind of, oh,

519
00:29:31,240 --> 00:29:33,480
Speaker 1: an easy way to make money. It's like, oh, yeah, yeah,

520
00:29:33,560 --> 00:29:36,280
Speaker 1: you know, you just buy. You just buy when it's low, right,

521
00:29:37,080 --> 00:29:40,000
Speaker 1: and then when it goes up, yeah, that's when you sell.

522
00:29:40,920 --> 00:29:43,360
Speaker 1: And that I can do that. I was I've got

523
00:29:43,360 --> 00:29:44,880
Speaker 1: it wrong. I was doing it the other way around.

524
00:29:45,080 --> 00:29:49,520
Speaker 1: Ah well okay, well you know you're you're already you're

525
00:29:49,560 --> 00:29:52,760
Speaker 1: already on your way to becoming a better trader after that.

526
00:29:54,480 --> 00:29:58,240
Speaker 1: See now I know now I've got the knowledge. Yeah, yeah,

527
00:29:58,480 --> 00:30:01,440
Speaker 1: there's no stopping you now. But yeah, I think for

528
00:30:01,480 --> 00:30:04,480
Speaker 1: a lot of people it was it kind of perceived

529
00:30:04,600 --> 00:30:08,600
Speaker 1: as an easy way of making money. And yeah, it's

530
00:30:08,640 --> 00:30:12,320
Speaker 1: really not like the good traders out there, they you know,

531
00:30:12,400 --> 00:30:15,680
Speaker 1: they are kind of they're switched onto a twenty four seven.

532
00:30:15,920 --> 00:30:20,160
Speaker 1: It's it's relentless. It's not something that I could do.

533
00:30:20,360 --> 00:30:22,800
Speaker 1: It's not something I would want to do. Really, you know,

534
00:30:23,160 --> 00:30:26,240
Speaker 1: it doesn't it's not nearly as fun as it sounds.

535
00:30:26,320 --> 00:30:28,560
Speaker 1: I think like that, and I think even the really

536
00:30:28,960 --> 00:30:32,320
Speaker 1: something but to to to them, to the ones who

537
00:30:32,440 --> 00:30:35,440
Speaker 1: live and breathe it, it probably is. Yeah, that's true,

538
00:30:35,520 --> 00:30:37,640
Speaker 1: do you know what I mean? So like that, like

539
00:30:37,920 --> 00:30:41,920
Speaker 1: and if that's what you enjoy and you you you

540
00:30:42,080 --> 00:30:44,760
Speaker 1: get the bug with it, and it's like wicked cool

541
00:30:45,080 --> 00:30:47,760
Speaker 1: if you're having fun while you're doing it, if it's

542
00:30:47,800 --> 00:30:50,560
Speaker 1: all encompassing, and you know, it's it's kind of like

543
00:30:50,960 --> 00:30:53,360
Speaker 1: what you wake up you want to do as long

544
00:30:53,400 --> 00:30:55,560
Speaker 1: as you know you're you're, you're not ruining your life

545
00:30:55,600 --> 00:30:58,680
Speaker 1: by loosening everything you've got, and you're you're, you're, you're,

546
00:30:58,760 --> 00:31:00,920
Speaker 1: you're doing it within your mean and and you know,

547
00:31:01,240 --> 00:31:04,280
Speaker 1: making good trades and learning from bad ones. Go for it.

548
00:31:04,640 --> 00:31:07,680
Speaker 1: But it's not fun to to a lot of people

549
00:31:08,320 --> 00:31:12,720
Speaker 1: like looking at them. It's boring. It's I understand that

550
00:31:13,000 --> 00:31:15,840
Speaker 1: if if I understood it, and I understood the game,

551
00:31:16,320 --> 00:31:19,200
Speaker 1: maybe i'd be into it. But even getting to understand

552
00:31:19,280 --> 00:31:21,680
Speaker 1: the game is too far out of my sort of

553
00:31:21,760 --> 00:31:27,080
Speaker 1: attention span that I know, right, cool, Yeah, leave it,

554
00:31:27,280 --> 00:31:33,080
Speaker 1: just copy copy someone else, yeah, or or do something

555
00:31:33,200 --> 00:31:36,320
Speaker 1: that that's not trading. Yeah, it's um. I think that.

556
00:31:36,680 --> 00:31:38,920
Speaker 1: I mean, there's a good rule for life, isn't there.

557
00:31:38,960 --> 00:31:41,400
Speaker 1: It's that I think at some point in our lives

558
00:31:41,800 --> 00:31:45,320
Speaker 1: we all come to the realization that we are cramped

559
00:31:45,560 --> 00:31:49,920
Speaker 1: at something probably most things, let's face it. And I think,

560
00:31:50,440 --> 00:31:52,920
Speaker 1: you know, as we both as we both hurtle towards

561
00:31:53,400 --> 00:31:56,239
Speaker 1: forty years old, you know, I think that's certainly going

562
00:31:56,280 --> 00:31:58,520
Speaker 1: to increase. You know, you're only going to become aware

563
00:31:58,560 --> 00:32:01,440
Speaker 1: of how crap you are more and more things. And

564
00:32:02,240 --> 00:32:05,760
Speaker 1: I think for me it's I find that quite liberating

565
00:32:05,800 --> 00:32:08,160
Speaker 1: in a way, because it doesn't mean that you can't

566
00:32:08,280 --> 00:32:11,440
Speaker 1: necessarily enjoy something. You can still be crap at it

567
00:32:11,480 --> 00:32:14,160
Speaker 1: and enjoy something. But I think, I think having that

568
00:32:14,280 --> 00:32:17,200
Speaker 1: realization that you are indeed crap at it, I think

569
00:32:17,240 --> 00:32:21,120
Speaker 1: that's an important stage for anyone to go through. And

570
00:32:21,200 --> 00:32:24,400
Speaker 1: I mean it's something that I've been self self awareness

571
00:32:24,520 --> 00:32:28,800
Speaker 1: is is a really really important trait to develop, because

572
00:32:29,440 --> 00:32:33,240
Speaker 1: if you if you are living your life thinking you're

573
00:32:33,440 --> 00:32:37,479
Speaker 1: something you're not, it's it's just setting yourself up for failure.

574
00:32:37,760 --> 00:32:40,400
Speaker 1: And people are people are aware. You may not be,

575
00:32:40,680 --> 00:32:45,480
Speaker 1: but other people will be, and eventually they'll tell you

576
00:32:46,200 --> 00:32:49,800
Speaker 1: if you're lucky, if you're lucky, yeah, yeah, Otherwise they'll

577
00:32:49,840 --> 00:32:52,040
Speaker 1: just let you blunder on. I I came to the

578
00:32:52,080 --> 00:32:56,160
Speaker 1: realization two or three years ago that I was really

579
00:32:56,400 --> 00:32:59,680
Speaker 1: not very good at poker at all, you know, but

580
00:32:59,840 --> 00:33:02,760
Speaker 1: I enjoy playing it and I occasionally have a bit

581
00:33:02,800 --> 00:33:05,560
Speaker 1: of luck, but I'm really I'm I'm not good at

582
00:33:05,640 --> 00:33:07,880
Speaker 1: the game. I don't have the skill for it. And

583
00:33:07,960 --> 00:33:10,760
Speaker 1: I was thinking, you know, I wish, I wish someone

584
00:33:10,840 --> 00:33:14,040
Speaker 1: had told me that, And then of course I realized

585
00:33:14,080 --> 00:33:16,280
Speaker 1: that I had been told that because people were always

586
00:33:16,360 --> 00:33:18,520
Speaker 1: quite willing to play poker with me, and I was like,

587
00:33:20,240 --> 00:33:23,480
Speaker 1: I'll play with you, guy. We could we could play.

588
00:33:23,560 --> 00:33:26,560
Speaker 1: We could play right now if you like, guy, people

589
00:33:26,600 --> 00:33:29,200
Speaker 1: are telling you, you're just not listening. You're not hearing

590
00:33:29,280 --> 00:33:31,560
Speaker 1: the message. It may not be telegraphed to you with

591
00:33:32,040 --> 00:33:35,400
Speaker 1: you are terrible at poker, but it's like, hey, should

592
00:33:35,400 --> 00:33:37,320
Speaker 1: we play for something a little bit? Should we make

593
00:33:37,360 --> 00:33:40,480
Speaker 1: this a little bit more interesting? This this this week? Guy?

594
00:33:40,640 --> 00:33:46,600
Speaker 1: Should we should we up the anti Yeah? Um, yeah, no,

595
00:33:46,680 --> 00:33:50,640
Speaker 1: it's true, but yeah, anyhow, going back to the tweet, Yeah,

596
00:33:50,640 --> 00:33:53,520
Speaker 1: I'm a terrible I'm a terrible trader, just really really bad.

597
00:33:53,920 --> 00:33:56,720
Speaker 1: There is there is an instructive one for sure. And

598
00:33:57,640 --> 00:34:00,520
Speaker 1: again like there are so many coins, fashion and entries

599
00:34:00,560 --> 00:34:03,760
Speaker 1: like that, you know, just on the theme of how

600
00:34:03,880 --> 00:34:09,560
Speaker 1: bad most people are at trading. So bear that in mind, folks,

601
00:34:09,760 --> 00:34:11,759
Speaker 1: come to that real Once you come to that realization,

602
00:34:12,239 --> 00:34:17,279
Speaker 1: your life will probably be better. Um. Anyway, Mike, should

603
00:34:17,320 --> 00:34:20,879
Speaker 1: we take a quick break so as we can, you know, heart,

604
00:34:21,760 --> 00:34:24,719
Speaker 1: just just take ownership of that new new found self

605
00:34:24,719 --> 00:34:42,400
Speaker 1: awareness of our sounds good. See in a minute and

606
00:34:42,920 --> 00:34:49,919
Speaker 1: we are back for part two of the Coin Bureau podcast. Guy,

607
00:34:50,600 --> 00:34:53,440
Speaker 1: how is your break? It was lovely? Actually, it was lovely.

608
00:34:53,640 --> 00:34:56,680
Speaker 1: I yeah, I had some. I had some delicious fizzy

609
00:34:56,719 --> 00:35:00,879
Speaker 1: water and stretch my legs and I feel great. Let's

610
00:35:00,920 --> 00:35:03,680
Speaker 1: get back into these tweets because I've had a little

611
00:35:03,760 --> 00:35:07,600
Speaker 1: read of some of the next ones and they are

612
00:35:07,640 --> 00:35:10,799
Speaker 1: a bit they're a bit more wild, to say the least. Yeah,

613
00:35:11,320 --> 00:35:15,719
Speaker 1: this one's from about a week ago. Um, really short

614
00:35:15,840 --> 00:35:19,560
Speaker 1: quote stink took my dad's savings and blew his retirement

615
00:35:19,719 --> 00:35:24,360
Speaker 1: on a ship coin. Yeah, yeah, Jesus, that's what I

616
00:35:25,080 --> 00:35:29,279
Speaker 1: I hope this one is not true because one, how

617
00:35:29,320 --> 00:35:31,440
Speaker 1: did you get your dad's savings? Because that's I'm pretty

618
00:35:31,440 --> 00:35:34,400
Speaker 1: sure if if he wasn't aware, that's a crime. And

619
00:35:34,560 --> 00:35:38,400
Speaker 1: to on a ship coin, like if if you're this

620
00:35:38,560 --> 00:35:40,799
Speaker 1: is this can't be real. I hope it's not real.

621
00:35:41,520 --> 00:35:45,920
Speaker 1: If it's real, he's in real trouble. But yeah, all

622
00:35:46,000 --> 00:35:49,239
Speaker 1: on one shitcoin. Come on, I mean, this is this

623
00:35:49,440 --> 00:35:52,600
Speaker 1: is what ten eleven words or something, and there is

624
00:35:52,680 --> 00:35:55,960
Speaker 1: just there is so much in it because yeah, like

625
00:35:56,320 --> 00:35:59,880
Speaker 1: took so I mean does that mean did you did

626
00:36:00,000 --> 00:36:03,960
Speaker 1: you steal them? Did your dad give you to them? Um,

627
00:36:04,560 --> 00:36:07,840
Speaker 1: my dad's savings. Yeah, and and then blew his retirement

628
00:36:07,920 --> 00:36:12,200
Speaker 1: on a ship coin once, so that one ship coin,

629
00:36:13,040 --> 00:36:19,280
Speaker 1: so it didn't even diversify, it was just one ship coin. Um. Yeah, gosh,

630
00:36:19,440 --> 00:36:21,960
Speaker 1: it's it's hard reading. I mean again, I hope this

631
00:36:22,160 --> 00:36:24,920
Speaker 1: is I hope to I hope to God this is

632
00:36:25,920 --> 00:36:28,759
Speaker 1: a fake one. But I mean again, there are so

633
00:36:29,080 --> 00:36:34,239
Speaker 1: many like this on coin fessions. Um that there must be,

634
00:36:34,480 --> 00:36:36,239
Speaker 1: you know, I think there is is truth to a

635
00:36:36,320 --> 00:36:39,680
Speaker 1: lot of them. Now, I think this tells us this

636
00:36:39,880 --> 00:36:43,239
Speaker 1: kind of treads over a lot of the a lot

637
00:36:43,320 --> 00:36:45,640
Speaker 1: of the lessons that we've talked about over the course

638
00:36:45,680 --> 00:36:47,920
Speaker 1: of these podcasts seven years that you know, don't invest

639
00:36:48,040 --> 00:36:50,680
Speaker 1: more than you can afford to lose, don't invest in

640
00:36:50,760 --> 00:36:55,279
Speaker 1: ship coins, diversify your portfolio and stuff. But I think

641
00:36:55,320 --> 00:36:58,200
Speaker 1: he's study for his money before you take it. Yeah,

642
00:36:58,400 --> 00:37:00,560
Speaker 1: or I think I think it goes even deeper than that,

643
00:37:00,840 --> 00:37:03,680
Speaker 1: really might I think, you know, it's like, for God's sake,

644
00:37:04,360 --> 00:37:08,160
Speaker 1: only invest your own money, like, don't go investing other people's.

645
00:37:08,680 --> 00:37:12,239
Speaker 1: It's that is that And this again, this is a

646
00:37:12,320 --> 00:37:14,640
Speaker 1: rule for life. You know, this is something that doesn't

647
00:37:14,719 --> 00:37:18,719
Speaker 1: just apply to crypto. You know, if if someone wants

648
00:37:18,760 --> 00:37:21,200
Speaker 1: to invest their money. If someone wants to invest their

649
00:37:21,200 --> 00:37:24,880
Speaker 1: money in crypto, you know whatever, crypto, maybe that is

650
00:37:25,040 --> 00:37:29,480
Speaker 1: their decision, but they have to do it. Like, honestly,

651
00:37:29,640 --> 00:37:33,239
Speaker 1: I don't think any good ever comes from investing other

652
00:37:33,280 --> 00:37:36,120
Speaker 1: people's money for them, whether it's your family, whether it's

653
00:37:36,160 --> 00:37:41,040
Speaker 1: your friends. You know, you're just yeah, you're setting yourself

654
00:37:41,160 --> 00:37:45,040
Speaker 1: up for fall. And when that money is their nest egg,

655
00:37:45,200 --> 00:37:47,200
Speaker 1: you know. And again there are so many tweets like this.

656
00:37:47,320 --> 00:37:50,279
Speaker 1: You know, it's like people putting their savings in or

657
00:37:50,480 --> 00:37:53,480
Speaker 1: their college funds or their nest eggs. But it's you know,

658
00:37:53,640 --> 00:37:57,480
Speaker 1: that's bad enough, But when it's someone else's savings, college

659
00:37:57,520 --> 00:38:02,879
Speaker 1: funds or nest eggs, that is yeah, that is just no. Yeah,

660
00:38:03,000 --> 00:38:05,480
Speaker 1: I don't think that one's true. I think I think

661
00:38:05,520 --> 00:38:07,680
Speaker 1: if if you if you did something unless that unless

662
00:38:07,800 --> 00:38:12,279
Speaker 1: that that person is just an absolute horror of a kid,

663
00:38:13,040 --> 00:38:15,640
Speaker 1: you know what I mean, like it it wouldn't be

664
00:38:15,680 --> 00:38:18,080
Speaker 1: so if you've done something so horrific, you wouldn't be

665
00:38:18,320 --> 00:38:21,000
Speaker 1: so blase about it. You'd be you'd be you have

666
00:38:21,200 --> 00:38:26,279
Speaker 1: to be remorseful. Interesting. Interesting, I mean, yeah, if that

667
00:38:26,719 --> 00:38:29,800
Speaker 1: kind of assumes that they took the money you know

668
00:38:29,880 --> 00:38:33,080
Speaker 1: that they took it without permission. I mean they could

669
00:38:33,200 --> 00:38:37,320
Speaker 1: be well intentioned, but just a complete idiot. Do you

670
00:38:37,400 --> 00:38:41,040
Speaker 1: think this this one is from the same person who

671
00:38:41,200 --> 00:38:43,960
Speaker 1: was I'm a terrible trader, just really, really bad. Do

672
00:38:44,000 --> 00:38:45,960
Speaker 1: you think it's the same person. It's just just a

673
00:38:46,560 --> 00:38:49,719
Speaker 1: flow of conscious on on on a coin fession, I

674
00:38:49,760 --> 00:38:57,919
Speaker 1: feel I should clarify my earlier tweet. Yeah, Dad, I'm

675
00:38:58,080 --> 00:39:01,480
Speaker 1: I'm a terrible trader. So what do you mean, son?

676
00:39:02,120 --> 00:39:04,080
Speaker 1: What do you mean you're a terrible trader? What does

677
00:39:04,120 --> 00:39:08,719
Speaker 1: that mean? Let's go, let's something something nice, something a

678
00:39:08,760 --> 00:39:11,479
Speaker 1: good one. You really a nice one? All right? Okay,

679
00:39:11,520 --> 00:39:14,839
Speaker 1: well this is one from from middle of September. Now,

680
00:39:15,000 --> 00:39:21,600
Speaker 1: this I think is almost certainly true. In I bought

681
00:39:21,719 --> 00:39:25,440
Speaker 1: over five hundred Bitcoin to buy multiple types of drugs

682
00:39:25,560 --> 00:39:29,720
Speaker 1: on the dark web. Now that is that is true

683
00:39:29,960 --> 00:39:33,080
Speaker 1: for well, for a number of reasons, Mikey, I can

684
00:39:33,160 --> 00:39:37,319
Speaker 1: see that face you're making. Is let's let's just let's

685
00:39:37,360 --> 00:39:39,319
Speaker 1: just quickly clear it up before we go any further.

686
00:39:39,680 --> 00:39:46,200
Speaker 1: Is this you No, No, I was buying drugs the

687
00:39:46,239 --> 00:39:48,319
Speaker 1: old school way in two fifteen. It was a bit

688
00:39:48,440 --> 00:39:54,359
Speaker 1: later on that I didn't. I didn't I didn't. Yeah,

689
00:39:54,400 --> 00:39:56,320
Speaker 1: and it wasn't if I don't, I don't think I

690
00:39:56,320 --> 00:39:59,239
Speaker 1: ever bought something like five hundred. I think I got

691
00:39:59,280 --> 00:40:03,280
Speaker 1: in just before that two thousand seventeen sort of spike

692
00:40:03,400 --> 00:40:07,160
Speaker 1: or as it sort of spike. But yeah, it's a

693
00:40:07,239 --> 00:40:09,359
Speaker 1: it's a story that resonates with a lot of people.

694
00:40:09,400 --> 00:40:12,640
Speaker 1: I'm sure this and they've gone, well, that was probably

695
00:40:12,719 --> 00:40:20,080
Speaker 1: the most expensive whatever line joint pill that you've ever taken,

696
00:40:20,680 --> 00:40:24,480
Speaker 1: because if you just kept onto these, but you know,

697
00:40:24,640 --> 00:40:28,680
Speaker 1: that's that's life, you know, that is I guess. Yeah,

698
00:40:28,800 --> 00:40:31,960
Speaker 1: And again it throws up some interesting things because yeah,

699
00:40:31,960 --> 00:40:35,239
Speaker 1: I mean, firstly, so many people I've spoken to who

700
00:40:35,280 --> 00:40:38,200
Speaker 1: were early to crypto, this is a recurring theme. It's like,

701
00:40:38,880 --> 00:40:40,960
Speaker 1: so what did you you know, do you still have it?

702
00:40:41,040 --> 00:40:44,359
Speaker 1: It's like, no, guy, I spent it on Silk Road,

703
00:40:44,440 --> 00:40:47,840
Speaker 1: you know, that's that's why I got it. UM, just

704
00:40:48,080 --> 00:40:50,920
Speaker 1: just to you know, just in case anyone was wondering.

705
00:40:51,040 --> 00:40:53,239
Speaker 1: As we record this, bitcoin is kind of hovering around

706
00:40:53,239 --> 00:40:55,640
Speaker 1: the twenty k mark, so that is ten million dollars

707
00:40:55,680 --> 00:41:00,799
Speaker 1: at today's prices. UM. But it doesn't an interesting point

708
00:41:00,840 --> 00:41:03,279
Speaker 1: as well, and this is something we touched on when

709
00:41:03,320 --> 00:41:05,800
Speaker 1: we talked about the early days of bitcoin. You know,

710
00:41:06,520 --> 00:41:10,040
Speaker 1: I think that it underlines the importance of the dark web,

711
00:41:10,239 --> 00:41:15,160
Speaker 1: of sites like Silk Road for for bitcoin, because you know,

712
00:41:15,280 --> 00:41:17,840
Speaker 1: for the adoption of bitcoin, because I think there's a

713
00:41:18,000 --> 00:41:22,920
Speaker 1: strong case to be made the bitcoin probably wouldn't have

714
00:41:23,120 --> 00:41:27,320
Speaker 1: made it this far if it hadn't been for the

715
00:41:27,440 --> 00:41:30,360
Speaker 1: dark Web, it hadn't been for people, you know, getting

716
00:41:30,440 --> 00:41:33,200
Speaker 1: it in order to get their hands on some some

717
00:41:33,400 --> 00:41:37,400
Speaker 1: drugs I or or let's face it, you know, not

718
00:41:37,600 --> 00:41:41,680
Speaker 1: just drugs, all the other kind of um uh, naughty things,

719
00:41:42,400 --> 00:41:45,879
Speaker 1: legal naughty things that you could buy and probably can

720
00:41:45,960 --> 00:41:49,719
Speaker 1: still buy on the dark web. So it's it's a

721
00:41:49,840 --> 00:41:52,239
Speaker 1: kind of it's a little bit of an uncomfortable part

722
00:41:52,360 --> 00:41:56,239
Speaker 1: of bitcoin's history, isn't it, Because obviously since then it

723
00:41:56,360 --> 00:42:00,239
Speaker 1: has evolved into so much more. But there's kind of

724
00:42:00,320 --> 00:42:03,000
Speaker 1: no getting away from the fact that for a time

725
00:42:03,360 --> 00:42:06,920
Speaker 1: there wasn't really much use for it other than to

726
00:42:07,080 --> 00:42:11,440
Speaker 1: buy weed on the dark And yeah, I mean it's yes,

727
00:42:11,440 --> 00:42:15,160
Speaker 1: it's it's a it's and the fact that people had

728
00:42:15,360 --> 00:42:19,520
Speaker 1: such vast quantities of it and we're just so frivolous

729
00:42:19,600 --> 00:42:22,760
Speaker 1: with it, obviously not knowing what lies around the corner.

730
00:42:22,880 --> 00:42:27,440
Speaker 1: Not predicting the future and going okay, called five hundred bitcoin,

731
00:42:28,800 --> 00:42:31,520
Speaker 1: Like I can buy a pizza with that, or I

732
00:42:31,640 --> 00:42:34,640
Speaker 1: can I can get some man in in in some

733
00:42:34,840 --> 00:42:41,239
Speaker 1: unknown location to post me some hash. Yeah, or if

734
00:42:41,280 --> 00:42:43,359
Speaker 1: I sit on it for ten years, I could buy

735
00:42:44,520 --> 00:42:50,759
Speaker 1: a small island yeah, on my own hash have all that,

736
00:42:51,200 --> 00:42:54,840
Speaker 1: just call it hash island. Yeah. Yeah, It's one of

737
00:42:54,920 --> 00:42:57,560
Speaker 1: these things, isn't it. It's kind of it's silly to

738
00:42:57,640 --> 00:42:59,560
Speaker 1: look back in that way because obviously if we could

739
00:42:59,600 --> 00:43:02,879
Speaker 1: predict the future like that, then we'd all be fantastically rich.

740
00:43:03,719 --> 00:43:06,800
Speaker 1: But it's I just find it so interesting, you know,

741
00:43:07,880 --> 00:43:11,680
Speaker 1: it says so much about how far this industry has come,

742
00:43:11,960 --> 00:43:14,400
Speaker 1: and you know, it's origins and things like that that

743
00:43:14,520 --> 00:43:16,560
Speaker 1: we have to you know, we have to accept it.

744
00:43:16,840 --> 00:43:19,480
Speaker 1: It's it can be it can be a bit uncomfortable

745
00:43:19,520 --> 00:43:22,120
Speaker 1: for some people that this is kind of how it started,

746
00:43:22,239 --> 00:43:25,080
Speaker 1: or not how it started, but how it survived during

747
00:43:25,120 --> 00:43:28,000
Speaker 1: a difficult it was it was it was possibly a

748
00:43:28,160 --> 00:43:32,200
Speaker 1: catalyst for it sort of being more widely adopted amongst

749
00:43:32,239 --> 00:43:37,480
Speaker 1: people who probably aren't investing in it just for the technology. Yeah.

750
00:43:37,920 --> 00:43:40,400
Speaker 1: I also want to raise a point on this, and

751
00:43:40,600 --> 00:43:46,080
Speaker 1: as someone who basically got into crypto in a similar way. Um,

752
00:43:46,600 --> 00:43:49,200
Speaker 1: it's also but who has also been on a journey

753
00:43:49,239 --> 00:43:51,600
Speaker 1: and understanding a lot more and doing these podcasts with

754
00:43:51,680 --> 00:43:56,880
Speaker 1: yourself and and understanding the community, the history, the stories

755
00:43:56,920 --> 00:44:00,680
Speaker 1: about it. It's also it's this this kind of resonates

756
00:44:00,760 --> 00:44:05,400
Speaker 1: with a lot of the people who, um, we're mining

757
00:44:05,440 --> 00:44:07,640
Speaker 1: stuff originally, like where you could go to a page

758
00:44:07,640 --> 00:44:10,319
Speaker 1: and it would just give you some is the whole

759
00:44:10,440 --> 00:44:13,279
Speaker 1: point of it is getting is the mass adoption of it.

760
00:44:13,480 --> 00:44:17,960
Speaker 1: It is getting it used, it is funding sort of

761
00:44:19,000 --> 00:44:24,280
Speaker 1: uh making it's it's basically you know, it's the catalyst

762
00:44:24,400 --> 00:44:27,880
Speaker 1: for that economy of it. Getting it used, getting it adopted,

763
00:44:27,960 --> 00:44:31,920
Speaker 1: getting it moving is what is important. And if everyone

764
00:44:32,000 --> 00:44:34,520
Speaker 1: went back and bought bitcoin and just sat on it,

765
00:44:34,760 --> 00:44:37,239
Speaker 1: it wouldn't be the same. It wouldn't be the same.

766
00:44:37,520 --> 00:44:40,120
Speaker 1: People wouldn't want it. If you were If everyone went

767
00:44:40,200 --> 00:44:42,440
Speaker 1: back in time to two thousand and twelve or two

768
00:44:42,480 --> 00:44:45,239
Speaker 1: thousand and thirteen, bought a lot of bitcoin, sat on it,

769
00:44:45,560 --> 00:44:47,400
Speaker 1: it probably wouldn't get to the heights that it is

770
00:44:47,440 --> 00:44:49,880
Speaker 1: today because no one is using and it it wouldn't

771
00:44:49,920 --> 00:44:53,319
Speaker 1: be what it is today. You're absolutely right, Yeah, you're

772
00:44:53,320 --> 00:44:56,120
Speaker 1: absolutely right. It's yeah. If people are just if people

773
00:44:56,160 --> 00:44:59,160
Speaker 1: are just sort of brought it to to speculate, then

774
00:44:59,600 --> 00:45:02,360
Speaker 1: it would just, yeah, it wouldn't have been worth anything.

775
00:45:02,440 --> 00:45:05,120
Speaker 1: It had to be proved to be yet, to have

776
00:45:05,280 --> 00:45:07,520
Speaker 1: some to have some worth, to have some utility in

777
00:45:07,600 --> 00:45:11,239
Speaker 1: the first place. So yeah, you're absolutely right, You're absolutely right.

778
00:45:11,360 --> 00:45:14,520
Speaker 1: It's um, it's that's just that's just how it got

779
00:45:14,560 --> 00:45:19,200
Speaker 1: out into the world. Um. Okay, let's let's move on

780
00:45:19,320 --> 00:45:22,719
Speaker 1: this one from early September. This was an interesting one.

781
00:45:22,760 --> 00:45:25,480
Speaker 1: I thought. I am a twenty year old Nigerian made

782
00:45:25,560 --> 00:45:28,279
Speaker 1: close to two hundred and fifty thousand dollars this bull

783
00:45:28,360 --> 00:45:31,640
Speaker 1: Run invested two hundred thousand dollars in real estate and

784
00:45:31,760 --> 00:45:34,880
Speaker 1: parents business have forty k left over for the next

785
00:45:34,960 --> 00:45:40,719
Speaker 1: build of bull Run. Feels good. Um, I wish I'd

786
00:45:40,760 --> 00:45:43,279
Speaker 1: taken a leaf out of this dud's book and and

787
00:45:43,520 --> 00:45:47,400
Speaker 1: sort of got out but and and and sort of

788
00:45:47,480 --> 00:45:49,920
Speaker 1: just put back in what I originally had. But you

789
00:45:50,000 --> 00:45:54,719
Speaker 1: know what, different people have different sort of outlooks on it. Yeah,

790
00:45:55,680 --> 00:46:02,120
Speaker 1: is smart, he's happy, he's playing it sensibly. Yeah, well done.

791
00:46:02,320 --> 00:46:04,640
Speaker 1: I think we yeah, absolutely, I think we've we've all

792
00:46:04,719 --> 00:46:06,680
Speaker 1: got something to learn there from him. You know, don't

793
00:46:06,680 --> 00:46:09,200
Speaker 1: be afraid to take profits. Also, don't be afraid to

794
00:46:09,600 --> 00:46:13,360
Speaker 1: diversify as well. You know, a good investor has a

795
00:46:13,920 --> 00:46:18,080
Speaker 1: has a diverse portfolio of assets because you never quite

796
00:46:18,160 --> 00:46:21,600
Speaker 1: know what's around the corner. Um, I hope this is

797
00:46:21,680 --> 00:46:25,560
Speaker 1: the other the other guy's brother, you know, the one

798
00:46:25,600 --> 00:46:27,839
Speaker 1: who took all his dad's money and put it into

799
00:46:27,880 --> 00:46:30,279
Speaker 1: a ship coin. And this guy made two hldred fifty

800
00:46:30,360 --> 00:46:32,839
Speaker 1: k on the ball round invested two hundred into real

801
00:46:32,960 --> 00:46:35,239
Speaker 1: estates and his parents business. Sort of like there's the

802
00:46:35,360 --> 00:46:38,880
Speaker 1: two brothers, the two Nigerian brothers. One who's just the

803
00:46:39,040 --> 00:46:42,759
Speaker 1: absolute black sheep, like crazy one who does all the

804
00:46:42,800 --> 00:46:45,239
Speaker 1: bad stuff, and then this one who's constantly bailing his

805
00:46:45,320 --> 00:46:49,440
Speaker 1: brother out of out of trouble. And at least the

806
00:46:49,560 --> 00:46:52,600
Speaker 1: parents and the dad is like, wow, it's it's all right.

807
00:46:52,800 --> 00:46:54,440
Speaker 1: And I like that. I like the idea that the

808
00:46:54,560 --> 00:47:01,600
Speaker 1: dad is completely oblivious. I My sons are both great.

809
00:47:01,680 --> 00:47:03,799
Speaker 1: You know, my retirement money is still there. They could

810
00:47:03,800 --> 00:47:06,719
Speaker 1: have so easily taken it and loan it. Um. I

811
00:47:06,840 --> 00:47:09,000
Speaker 1: just wish they'd give me some back every now and again.

812
00:47:10,440 --> 00:47:13,640
Speaker 1: Extra fact they've both been just was taking in and

813
00:47:13,719 --> 00:47:17,200
Speaker 1: out of his account all the time. Um yeah, I

814
00:47:17,280 --> 00:47:19,680
Speaker 1: also much, but I I much prefer the idea. I

815
00:47:20,000 --> 00:47:23,080
Speaker 1: like this guy for kind of investing in his parents business.

816
00:47:23,160 --> 00:47:25,080
Speaker 1: You know. So so many of the tweets that you

817
00:47:25,200 --> 00:47:28,480
Speaker 1: see on crypto Twitter, they can be they can be

818
00:47:28,600 --> 00:47:30,920
Speaker 1: quite self serving a lot of the time. It's like, oh,

819
00:47:31,040 --> 00:47:34,920
Speaker 1: you know, I'm so I'm so blessed and so grateful

820
00:47:34,960 --> 00:47:36,800
Speaker 1: that i got into crypto because I was able to

821
00:47:37,000 --> 00:47:39,640
Speaker 1: give you know, people this or give people that. It's

822
00:47:39,680 --> 00:47:42,719
Speaker 1: I yeah, okay, you know that that's that's well intentioned.

823
00:47:42,800 --> 00:47:45,600
Speaker 1: But I I just admire the chap of this guy.

824
00:47:45,640 --> 00:47:47,960
Speaker 1: It's like the cut of this guy's jib. You know,

825
00:47:48,040 --> 00:47:50,840
Speaker 1: it's now, I'm going to invest in my parents business.

826
00:47:50,880 --> 00:47:52,359
Speaker 1: I want to I want to cut well, I mean,

827
00:47:52,480 --> 00:47:56,360
Speaker 1: it all obviously depends on what business his parents are in.

828
00:47:57,400 --> 00:48:02,320
Speaker 1: It Like, if if they are gangsters or human traffickers

829
00:48:02,440 --> 00:48:05,080
Speaker 1: or something like that, then that's probably a bit frowned upon.

830
00:48:05,360 --> 00:48:07,200
Speaker 1: But if it's a mom and pop shop and it's

831
00:48:07,280 --> 00:48:10,560
Speaker 1: something like that, that's great. So it's always worth qualifying.

832
00:48:11,160 --> 00:48:13,560
Speaker 1: Let's find out what their parents business is, because if

833
00:48:13,600 --> 00:48:18,000
Speaker 1: it's you know, if it's a you know, something text

834
00:48:18,120 --> 00:48:23,040
Speaker 1: is everything my day. My dad was wandering around with

835
00:48:23,120 --> 00:48:25,160
Speaker 1: an old sawn off shotgun. Now I've got him a

836
00:48:25,239 --> 00:48:30,960
Speaker 1: couple of nineties, he's stable. Um yeah, let's hope it was.

837
00:48:31,120 --> 00:48:34,480
Speaker 1: Let's hope it was a lovely, legitimate I'm sorry it

838
00:48:34,560 --> 00:48:37,719
Speaker 1: wasn't like he seems like a well, uh, that's that's

839
00:48:37,719 --> 00:48:40,000
Speaker 1: a lovely thing to do that, like you you've got

840
00:48:40,080 --> 00:48:44,480
Speaker 1: to blame the parents or you know, give reward and

841
00:48:44,560 --> 00:48:49,120
Speaker 1: praise to their parents when he's obviously been raised. Well yeah, yeah,

842
00:48:52,280 --> 00:48:56,000
Speaker 1: just a shame his brother was such a terrible treating.

843
00:48:59,640 --> 00:49:03,239
Speaker 1: Oh that's what I put. I put fifty k into

844
00:49:03,320 --> 00:49:06,919
Speaker 1: crypto back in two thousand and seventeen, and now I'm

845
00:49:07,000 --> 00:49:09,440
Speaker 1: at near zero. I could have bought a house for

846
00:49:09,520 --> 00:49:13,359
Speaker 1: my mom. Instead, I bought coins like Jezy new it's

847
00:49:13,440 --> 00:49:18,759
Speaker 1: really the dumbest timeline. Ah, just coin earlier, didn't you

848
00:49:19,000 --> 00:49:22,480
Speaker 1: it's um yeah, I didn't realize it was a real thing.

849
00:49:22,560 --> 00:49:25,320
Speaker 1: I didn't know ju was a thing. I was. I

850
00:49:25,440 --> 00:49:29,879
Speaker 1: was just being stupid, but not as stupid as this guy.

851
00:49:30,600 --> 00:49:34,719
Speaker 1: But hey, look take take the lesson. He's lost it.

852
00:49:34,719 --> 00:49:36,239
Speaker 1: I was going to say, easy come, easy go, but

853
00:49:36,400 --> 00:49:39,279
Speaker 1: like it's not like the other guy who managed to yeah,

854
00:49:39,680 --> 00:49:44,200
Speaker 1: well yeah, yeah, fifty fifty k as well back in seventeen,

855
00:49:44,200 --> 00:49:47,000
Speaker 1: assuming that was it's you know, assuming that was while

856
00:49:47,040 --> 00:49:49,960
Speaker 1: it was before it really went crazy in that year.

857
00:49:50,080 --> 00:49:52,759
Speaker 1: You know that could have yeah even if it was

858
00:49:52,920 --> 00:49:55,120
Speaker 1: even if it did really go crazy. You know that

859
00:49:55,280 --> 00:50:00,640
Speaker 1: the highs of bitcoin in twenty seventeen was ninet, wasn't it,

860
00:50:01,320 --> 00:50:04,680
Speaker 1: And then now it was better. Now it's back when

861
00:50:05,000 --> 00:50:09,160
Speaker 1: it's gone back there, back where it was doing. Like, yeah,

862
00:50:11,200 --> 00:50:12,600
Speaker 1: see if you can see if you can get that

863
00:50:12,719 --> 00:50:15,719
Speaker 1: up on the chart. Yeah, it's it's funny as well

864
00:50:15,719 --> 00:50:18,440
Speaker 1: because you think, wow, you have fifty k back then

865
00:50:18,640 --> 00:50:21,359
Speaker 1: to put into it. It's uh yeah, I mean he's

866
00:50:21,360 --> 00:50:26,000
Speaker 1: obviously not a very good trader. How did he end

867
00:50:26,080 --> 00:50:27,719
Speaker 1: up with all this money in the first place. That

868
00:50:27,920 --> 00:50:30,120
Speaker 1: is something that always baffles me as well when you hear,

869
00:50:30,680 --> 00:50:33,520
Speaker 1: especially when you hear some real idiot who lost all

870
00:50:33,560 --> 00:50:35,840
Speaker 1: this money, It's like, what did you get all that

871
00:50:35,960 --> 00:50:39,520
Speaker 1: money in the first place? Why? Why has so many

872
00:50:40,160 --> 00:50:44,839
Speaker 1: really really rich people so damn stupid. It's, um, it's weird,

873
00:50:44,920 --> 00:50:48,640
Speaker 1: but I think it was. There's a there's an old saying,

874
00:50:48,680 --> 00:50:51,000
Speaker 1: if you want to know what God thinks of money,

875
00:50:51,600 --> 00:50:58,200
Speaker 1: Look at the people he gives it to. Um Anyhow, anyhow,

876
00:50:59,520 --> 00:51:02,680
Speaker 1: just before take another break, this one from mid August.

877
00:51:03,600 --> 00:51:08,040
Speaker 1: I invested slowly into crypto since followed the Hoddle mentra

878
00:51:08,160 --> 00:51:10,719
Speaker 1: and convinced my wife to buy a little I don't

879
00:51:10,760 --> 00:51:13,279
Speaker 1: like well the way this is going. Over time she

880
00:51:13,480 --> 00:51:16,879
Speaker 1: got five and some small things that turned into large things.

881
00:51:17,480 --> 00:51:21,360
Speaker 1: I made over two one and fritted it to nothing.

882
00:51:21,680 --> 00:51:25,000
Speaker 1: Trading n f t s and microcaps. I have nothing.

883
00:51:25,440 --> 00:51:29,040
Speaker 1: My wife has five. She has never sold slash traders

884
00:51:29,080 --> 00:51:36,279
Speaker 1: at all and has outperformed me significantly. Wow. Well, what

885
00:51:36,480 --> 00:51:39,640
Speaker 1: is a microcap? First of all, it's I mean, it's

886
00:51:39,760 --> 00:51:42,800
Speaker 1: kind of it's a slightly more charitable term for a

887
00:51:42,840 --> 00:51:45,759
Speaker 1: ship coin. Well not necessarily, like you an all coin,

888
00:51:46,040 --> 00:51:50,120
Speaker 1: an all coin with a very low market cap, and

889
00:51:50,200 --> 00:51:52,719
Speaker 1: obviously that is where you can that is where you

890
00:51:52,800 --> 00:51:56,160
Speaker 1: can find the you know, the really big returns because

891
00:51:56,200 --> 00:51:59,680
Speaker 1: they've got all this potential upside. But it also makes

892
00:51:59,760 --> 00:52:03,239
Speaker 1: them way more volatile, and you know, sometimes the fact

893
00:52:03,280 --> 00:52:05,480
Speaker 1: that they have a low market cap that's for a

894
00:52:05,560 --> 00:52:08,759
Speaker 1: very good reason, because they're a ship coin. But I

895
00:52:08,800 --> 00:52:13,400
Speaker 1: don't know, it's yeah, microcapital coins it can be it

896
00:52:13,480 --> 00:52:16,319
Speaker 1: can be feast, or it can be famine, and it's

897
00:52:16,400 --> 00:52:20,759
Speaker 1: more often famine, I think. But I do like the

898
00:52:21,080 --> 00:52:24,440
Speaker 1: I do like the fact that his his eminently sensible

899
00:52:24,520 --> 00:52:27,920
Speaker 1: wife has just gone Nope, Nope, I am going to

900
00:52:27,960 --> 00:52:31,200
Speaker 1: stick with that, and yeah, she's she's she's come out

901
00:52:31,239 --> 00:52:33,399
Speaker 1: on top. I think. I think the thing the lesson

902
00:52:33,480 --> 00:52:35,320
Speaker 1: that we can take from that is, if you know,

903
00:52:35,800 --> 00:52:39,360
Speaker 1: once you've once you've realized, once you come to the

904
00:52:39,400 --> 00:52:43,120
Speaker 1: realization that you're a bad trader, just just do nothing.

905
00:52:43,719 --> 00:52:47,000
Speaker 1: You know, sometimes nothing is the absolute best thing that

906
00:52:47,080 --> 00:52:51,480
Speaker 1: you can do. Yeah, yeah, it's it's it's easier to

907
00:52:51,640 --> 00:52:56,040
Speaker 1: just sort of let it happen slowly. Yeah, easier to

908
00:52:56,120 --> 00:52:59,919
Speaker 1: just sit on your ass something that's lazy trader. Yeah.

909
00:53:00,360 --> 00:53:03,440
Speaker 1: Something that I think has been a guiding principle throughout

910
00:53:03,640 --> 00:53:07,680
Speaker 1: much of your life is that, yes, well, when when

911
00:53:07,719 --> 00:53:10,000
Speaker 1: it comes to crypto, for sure, I don't have time.

912
00:53:10,440 --> 00:53:14,239
Speaker 1: I do have time, I don't have Yeah, I just

913
00:53:14,440 --> 00:53:17,520
Speaker 1: it's not my life. So it's something I dip into

914
00:53:17,840 --> 00:53:22,000
Speaker 1: and it's cool, but it's not I didn't know what

915
00:53:22,080 --> 00:53:24,400
Speaker 1: a microcap was, you know what I mean. I mean,

916
00:53:24,520 --> 00:53:27,840
Speaker 1: this is only like what the FOURTI episode of this podcast.

917
00:53:29,960 --> 00:53:33,120
Speaker 1: But you're not the first and you're not the last

918
00:53:33,280 --> 00:53:38,720
Speaker 1: is going to try and make me learn. There's dozens

919
00:53:38,840 --> 00:53:44,200
Speaker 1: of retired, mentally mentally broken better better teachers have tried.

920
00:53:45,920 --> 00:53:51,120
Speaker 1: They've all failed. It's too late. Okay, let's take one

921
00:53:51,160 --> 00:53:53,520
Speaker 1: more break and then and then finish off with a

922
00:53:53,560 --> 00:54:11,560
Speaker 1: few more Hello, everyone, welcome back to part three of

923
00:54:11,680 --> 00:54:14,759
Speaker 1: this episode of the coin Bureau podcast, when we are

924
00:54:15,040 --> 00:54:20,000
Speaker 1: digging into the coin fashions twitter handle on crypto Twitter

925
00:54:20,239 --> 00:54:24,960
Speaker 1: one of the most informative and also yeah, just downright

926
00:54:25,080 --> 00:54:30,279
Speaker 1: strange places on all the internet. Um, so yeah, let's

927
00:54:30,320 --> 00:54:32,080
Speaker 1: have let's just have a look. We've got time just

928
00:54:32,200 --> 00:54:35,239
Speaker 1: to have a look at a few more of these

929
00:54:35,280 --> 00:54:37,759
Speaker 1: tweets and just kind of see what we can see,

930
00:54:37,800 --> 00:54:41,920
Speaker 1: what lessons we can extract from them. Um. This one

931
00:54:42,080 --> 00:54:47,480
Speaker 1: from the fourteenth of August two. I won a fifty

932
00:54:47,520 --> 00:54:50,799
Speaker 1: dollar bet with a random guy online over some sports match.

933
00:54:51,000 --> 00:54:53,319
Speaker 1: He sent me instructions on how to claim the money.

934
00:54:53,680 --> 00:54:56,399
Speaker 1: They were weird and confusing, and I don't I didn't

935
00:54:56,440 --> 00:54:58,760
Speaker 1: know why he couldn't do something else to pay, thinking

936
00:54:58,800 --> 00:55:00,680
Speaker 1: it was either a scam where he is broke. I

937
00:55:00,800 --> 00:55:03,480
Speaker 1: let it go. It wasn't un till it came to

938
00:55:03,840 --> 00:55:07,160
Speaker 1: mind in that I realized he was trying to pay

939
00:55:07,280 --> 00:55:12,080
Speaker 1: with bitcoin. I do, I do remember one of the things,

940
00:55:12,239 --> 00:55:15,680
Speaker 1: one of the when I first discovered did you not

941
00:55:15,800 --> 00:55:19,759
Speaker 1: get that money? Then? Yeah? Yeah, that would that that

942
00:55:19,920 --> 00:55:23,920
Speaker 1: fifty dollars would would never have appeared. Having said that,

943
00:55:24,040 --> 00:55:27,160
Speaker 1: you know, I mean this is that the price of

944
00:55:27,200 --> 00:55:30,080
Speaker 1: bitcoin I think was very early. It is early, but

945
00:55:30,239 --> 00:55:33,320
Speaker 1: I mean fifty dollars would you know? It would it

946
00:55:33,360 --> 00:55:36,040
Speaker 1: would equate to a nice return. Now it's not quite

947
00:55:36,080 --> 00:55:38,719
Speaker 1: as bad as you know, someone sort of turning down

948
00:55:38,840 --> 00:55:43,719
Speaker 1: ten million dollars. It's nothing close to that. How much

949
00:55:43,840 --> 00:55:47,640
Speaker 1: was it in two as I recall, it was in

950
00:55:47,760 --> 00:55:51,960
Speaker 1: the kind of hundreds of dollars by that point. So

951
00:55:52,160 --> 00:55:54,520
Speaker 1: I mean we're still talking, you know, we're still talking

952
00:55:55,200 --> 00:55:59,200
Speaker 1: an absolutely insane return, but it's it's not quite you know,

953
00:55:59,440 --> 00:56:01,920
Speaker 1: it's not like, oh, if only I claimed that fifty dollars,

954
00:56:02,040 --> 00:56:05,000
Speaker 1: I can now be living on my own island made

955
00:56:05,040 --> 00:56:13,240
Speaker 1: of gold. But yeah, what what strikes what what stands

956
00:56:13,280 --> 00:56:15,400
Speaker 1: out to me about it is I remember from you know,

957
00:56:15,520 --> 00:56:18,200
Speaker 1: from getting into bitcoin when I did, which was kind

958
00:56:18,239 --> 00:56:23,719
Speaker 1: of around kind of late, and there there was, and

959
00:56:23,800 --> 00:56:25,560
Speaker 1: I think for a lot of people there still does

960
00:56:25,719 --> 00:56:28,919
Speaker 1: exist this kind of you know, it's it is weird

961
00:56:29,000 --> 00:56:32,480
Speaker 1: and confusing. You're like, what what's this? What's this QR

962
00:56:32,600 --> 00:56:35,800
Speaker 1: code business? Like what? Hang on, what's what's this address

963
00:56:35,920 --> 00:56:37,799
Speaker 1: that I have descended to? You know what what what's

964
00:56:37,880 --> 00:56:40,719
Speaker 1: what's going on with us? Exactly? Um So back into

965
00:56:40,800 --> 00:56:43,080
Speaker 1: the I I have sympathy for this person. I think

966
00:56:43,160 --> 00:56:48,320
Speaker 1: probably you know they they I think they could be

967
00:56:48,440 --> 00:56:50,480
Speaker 1: forgiven for that. It's like, well, hang on a seg

968
00:56:52,200 --> 00:56:58,160
Speaker 1: kind of open a bullet, what's bitcorn? Well, bitcoin actually

969
00:56:58,239 --> 00:57:00,200
Speaker 1: had quite a big jet like it went for rom

970
00:57:00,640 --> 00:57:04,799
Speaker 1: in January. It was twenty dollars first of Joan two,

971
00:57:05,719 --> 00:57:08,920
Speaker 1: and then around November December was that classic Christmas pump.

972
00:57:10,280 --> 00:57:14,480
Speaker 1: It went up to ninety two. So you know, if

973
00:57:14,680 --> 00:57:17,360
Speaker 1: if it was sort of January February, there's a couple

974
00:57:17,400 --> 00:57:22,200
Speaker 1: of bit coin, Yeah, not bad but not bad. Yeah

975
00:57:22,880 --> 00:57:27,640
Speaker 1: that's true, that's true. Um, but yeah, it's it's one

976
00:57:27,680 --> 00:57:29,160
Speaker 1: of the It's another one of those that kind of

977
00:57:29,240 --> 00:57:31,959
Speaker 1: dwells on the past, doesn't it. It's sort of only

978
00:57:32,040 --> 00:57:35,280
Speaker 1: i'd if only we've known, It's like, well we didn't,

979
00:57:35,560 --> 00:57:39,160
Speaker 1: but yeah, it's it does kind of bring to mind

980
00:57:39,200 --> 00:57:41,480
Speaker 1: the fact that and this is kind of one of

981
00:57:41,520 --> 00:57:43,920
Speaker 1: the reasons why why I do what I do and

982
00:57:44,000 --> 00:57:46,680
Speaker 1: why we're doing this podcast is to try and try

983
00:57:46,720 --> 00:57:49,400
Speaker 1: and demystify it a little bit, try and put it

984
00:57:49,480 --> 00:57:52,280
Speaker 1: in some contexts as people can understand it, so as

985
00:57:52,720 --> 00:57:56,600
Speaker 1: you know, when there isn't that kind of there isn't

986
00:57:56,680 --> 00:58:00,480
Speaker 1: that kind of uh, you know, people don't get worried

987
00:58:00,520 --> 00:58:03,680
Speaker 1: and confused when you talk about it. Um. And hopefully

988
00:58:03,760 --> 00:58:08,160
Speaker 1: we can we can save people from similar faiths. Um.

989
00:58:09,040 --> 00:58:10,920
Speaker 1: That's what weird to do. Of course, do you want

990
00:58:10,960 --> 00:58:14,360
Speaker 1: to read out the next one? Sure, I worked from

991
00:58:14,360 --> 00:58:19,400
Speaker 1: a major newspaper company, and I've written several anti crypto articles,

992
00:58:19,520 --> 00:58:22,160
Speaker 1: two of which have gotten major attention and clicks. I

993
00:58:22,240 --> 00:58:25,640
Speaker 1: actually own a good stack of bitcoin five figs. I've

994
00:58:25,640 --> 00:58:28,640
Speaker 1: got to get the bag somehow. Well, you are a

995
00:58:28,920 --> 00:58:34,840
Speaker 1: fudd dealer, and well, look, listen, a lot of journalism

996
00:58:34,920 --> 00:58:37,400
Speaker 1: these days is is kind of all just about getting

997
00:58:37,440 --> 00:58:44,360
Speaker 1: clicks as opposed to uh, investigative investigative journalism or anything

998
00:58:44,480 --> 00:58:47,000
Speaker 1: like that. You know, it's it's uh, it's a it's

999
00:58:47,040 --> 00:58:49,560
Speaker 1: a bit of a what was that there was that

1000
00:58:49,640 --> 00:58:54,880
Speaker 1: there's a Netflix documentary about some investigative journalism. Yeah, about

1001
00:58:54,960 --> 00:59:01,160
Speaker 1: a judge and um uh and and a lawyer and

1002
00:59:01,320 --> 00:59:09,360
Speaker 1: basically there there was a judges generally, Um, there was

1003
00:59:09,480 --> 00:59:12,280
Speaker 1: there was some some some some math numbers that didn't

1004
00:59:12,320 --> 00:59:16,600
Speaker 1: sort of stuck up. The judges usually give sort of

1005
00:59:17,080 --> 00:59:21,640
Speaker 1: like judgments in some cases or or grant things for

1006
00:59:21,880 --> 00:59:25,040
Speaker 1: percent to and that was generally the overall sort of

1007
00:59:27,280 --> 00:59:31,520
Speaker 1: figure on it. An investigative journalists saw that one judge

1008
00:59:32,440 --> 00:59:37,360
Speaker 1: was his his figures were at ninety nine. Uh and um,

1009
00:59:38,200 --> 00:59:44,480
Speaker 1: they undercovered uncovered that the there was a lawyer and

1010
00:59:44,600 --> 00:59:50,840
Speaker 1: a judge who was basically in cahoots and they were

1011
00:59:50,920 --> 00:59:54,360
Speaker 1: sending people to to prison or something like that. There

1012
00:59:54,440 --> 00:59:59,560
Speaker 1: was like five hundred million dollar sort of scandal. Yeah,

1013
00:59:59,600 --> 01:00:02,000
Speaker 1: but there was. It's just, you know, investigative journalism like

1014
01:00:02,120 --> 01:00:05,880
Speaker 1: that is is kind of a lot more rare these days,

1015
01:00:06,280 --> 01:00:10,520
Speaker 1: and it's all just sort of selling adverts and getting

1016
01:00:10,520 --> 01:00:17,360
Speaker 1: clicks and it's no real news, a lack of Yeah.

1017
01:00:17,720 --> 01:00:20,600
Speaker 1: I do hear a lot of stories from from inside

1018
01:00:20,640 --> 01:00:23,760
Speaker 1: the kind of journalism industry, you know, the news industry,

1019
01:00:23,880 --> 01:00:26,480
Speaker 1: if if you like. And I think there are a

1020
01:00:26,600 --> 01:00:28,760
Speaker 1: lot of you know, a lot of journalists who are

1021
01:00:28,920 --> 01:00:32,480
Speaker 1: kind of quite depressed about it really, because you know,

1022
01:00:33,760 --> 01:00:37,320
Speaker 1: your success is now measured in clicks. You know, it's

1023
01:00:37,360 --> 01:00:41,160
Speaker 1: not about it's not about writing a brilliantly researched and

1024
01:00:41,280 --> 01:00:45,440
Speaker 1: brilliantly you know, put together, brilliantly argued article anymore. It's

1025
01:00:45,480 --> 01:00:48,600
Speaker 1: about you know, who gets the most cliques, and that

1026
01:00:49,120 --> 01:00:51,800
Speaker 1: swiftly becomes a race to the boss. You know, it's

1027
01:00:51,880 --> 01:00:55,520
Speaker 1: it's it's a pretty swift descent from from trying to

1028
01:00:55,600 --> 01:00:59,880
Speaker 1: write something really well to just basically clickbait. Um. Yeah,

1029
01:01:00,120 --> 01:01:03,600
Speaker 1: And I think you know, crypto in crypto in the media,

1030
01:01:03,680 --> 01:01:06,000
Speaker 1: crypto in the kind of mainstream media has been a

1031
01:01:06,120 --> 01:01:08,960
Speaker 1: kind of easy target in this respect because I think,

1032
01:01:09,280 --> 01:01:11,720
Speaker 1: you know, the word crypto or the word bitcoin or

1033
01:01:11,760 --> 01:01:15,560
Speaker 1: something in the headline is automatic clickbait for a lot

1034
01:01:15,640 --> 01:01:18,680
Speaker 1: of people. And I think that the media has made

1035
01:01:19,320 --> 01:01:21,120
Speaker 1: a lot of money really and got a lot of

1036
01:01:21,480 --> 01:01:24,960
Speaker 1: got a lot of engagement by you know, by writing

1037
01:01:25,000 --> 01:01:27,840
Speaker 1: these kind of articles about crypto and generally sort of

1038
01:01:28,240 --> 01:01:30,680
Speaker 1: going to town on it. Some of them are some

1039
01:01:30,840 --> 01:01:33,640
Speaker 1: of them are fair criticisms, but a lot of them aren't,

1040
01:01:33,680 --> 01:01:35,560
Speaker 1: and a lot of them, you know, just keep kind

1041
01:01:35,560 --> 01:01:39,479
Speaker 1: of peddling the same old line and it gets pretty tired.

1042
01:01:39,520 --> 01:01:42,520
Speaker 1: But obviously it's still drives. It still drives traffic and

1043
01:01:42,560 --> 01:01:46,760
Speaker 1: clicks and stuff, so it stays in. Um, so yeah,

1044
01:01:46,840 --> 01:01:50,440
Speaker 1: I guess you know, anyone anyone reading that tweet should

1045
01:01:50,480 --> 01:01:52,760
Speaker 1: know that. You know, if you read something in the

1046
01:01:52,840 --> 01:01:56,480
Speaker 1: mainstream media, it's not necessarily it's not necessarily true. And

1047
01:01:56,640 --> 01:01:59,240
Speaker 1: of course the journalists behind it could just be writing

1048
01:01:59,280 --> 01:02:01,080
Speaker 1: it for clicks and and be sitting on a nice,

1049
01:02:01,680 --> 01:02:07,360
Speaker 1: nice bag of bitcoin. Yeah. Um, do you want to

1050
01:02:07,360 --> 01:02:10,760
Speaker 1: read the next one? Sure? So this is from thirty July.

1051
01:02:11,600 --> 01:02:13,680
Speaker 1: I bought the top of a ship coin and tweeted

1052
01:02:13,680 --> 01:02:15,440
Speaker 1: about it. I got a lot of love from the

1053
01:02:15,520 --> 01:02:18,880
Speaker 1: community and continued to buy the countless dips along the way,

1054
01:02:19,000 --> 01:02:22,680
Speaker 1: But after being down over of my investment, I started

1055
01:02:22,760 --> 01:02:25,840
Speaker 1: questioning the depths and was labeled as a paid fudder

1056
01:02:26,280 --> 01:02:28,320
Speaker 1: and was bullied to the point of depression by the

1057
01:02:28,400 --> 01:02:31,280
Speaker 1: same people that I thought was my crypto family. I

1058
01:02:31,360 --> 01:02:34,160
Speaker 1: will never be a part of a crypto cult ever. Again.

1059
01:02:36,120 --> 01:02:39,240
Speaker 1: That is yeah, yeah, yeah, you shouldn't. You shouldn't buy

1060
01:02:39,280 --> 01:02:42,480
Speaker 1: into the hype, and it's easy to do that, and

1061
01:02:42,560 --> 01:02:44,600
Speaker 1: it's easy to get caught up in it. And these

1062
01:02:44,680 --> 01:02:47,960
Speaker 1: people who are just on Twitter may not be they

1063
01:02:48,000 --> 01:02:50,120
Speaker 1: may not have your best interests at heart. They may

1064
01:02:50,240 --> 01:02:55,000
Speaker 1: just be uh, you know, aiding the pump. Yeah, because

1065
01:02:55,120 --> 01:02:58,520
Speaker 1: the crypto communities are amazing things because they support the

1066
01:02:58,560 --> 01:03:02,040
Speaker 1: support they give to projects is incredible and can really

1067
01:03:02,120 --> 01:03:05,400
Speaker 1: help carry that project along and develop it and get

1068
01:03:05,480 --> 01:03:07,840
Speaker 1: the word out of about it and stuff. But on

1069
01:03:07,960 --> 01:03:10,680
Speaker 1: the other hand, they can be absolutely terrible as well,

1070
01:03:11,240 --> 01:03:15,000
Speaker 1: and they're never worse when you know, they're just communities

1071
01:03:15,040 --> 01:03:19,000
Speaker 1: of hills, you know, paid sometimes paid chills, but sometimes not,

1072
01:03:19,200 --> 01:03:20,880
Speaker 1: you know, sometimes just people who've got money and I

1073
01:03:21,000 --> 01:03:24,640
Speaker 1: and want to pump the price up. And yeah, these

1074
01:03:24,720 --> 01:03:27,480
Speaker 1: you know, you get these, these these Twitter accounts and

1075
01:03:27,560 --> 01:03:31,560
Speaker 1: these all all over social media and it just becomes

1076
01:03:31,920 --> 01:03:34,800
Speaker 1: infested with these with these kind of pump and dump

1077
01:03:34,880 --> 01:03:40,560
Speaker 1: groups and yeah, people who won't listen to reason. It's important,

1078
01:03:40,760 --> 01:03:43,280
Speaker 1: like you always say, do your own research, but it's

1079
01:03:43,360 --> 01:03:46,960
Speaker 1: also really important to try, like because you can find

1080
01:03:47,040 --> 01:03:50,120
Speaker 1: whatever answers you want to find on the internet. If

1081
01:03:50,160 --> 01:03:52,960
Speaker 1: I want to go and say Guide Turner is actually

1082
01:03:53,200 --> 01:03:56,160
Speaker 1: a lizard person, I'm sure I can find somewhere on

1083
01:03:56,240 --> 01:04:00,560
Speaker 1: the internet. Which will reinforce that like possibly true statement.

1084
01:04:00,920 --> 01:04:03,240
Speaker 1: So like do your own research, but do the research

1085
01:04:03,320 --> 01:04:06,120
Speaker 1: that is kind of you know, it's it's it's you know,

1086
01:04:06,280 --> 01:04:10,240
Speaker 1: it's fair, but look at it. Don't just block out

1087
01:04:10,280 --> 01:04:12,960
Speaker 1: stuff that you don't want to hear. Sometimes you're gonna

1088
01:04:13,040 --> 01:04:16,080
Speaker 1: need to hear. Okay, cool, this isn't good. I should

1089
01:04:16,160 --> 01:04:20,200
Speaker 1: talk maybe question the sources and what I'm listening to here,

1090
01:04:20,480 --> 01:04:23,000
Speaker 1: and be a bit more cautious and a bit more traded,

1091
01:04:23,040 --> 01:04:28,200
Speaker 1: a little bit more carefully, and you'll avoid getting getting burnt. Yeah,

1092
01:04:28,440 --> 01:04:30,760
Speaker 1: confirmation bias they call it. You know, when you when

1093
01:04:30,800 --> 01:04:33,040
Speaker 1: you're when you're trying, you're trying to find something, and

1094
01:04:33,480 --> 01:04:35,880
Speaker 1: you know, you just you just filter out the stuff

1095
01:04:35,960 --> 01:04:39,240
Speaker 1: that that you want to hear. Yeah, exactly. And when

1096
01:04:39,320 --> 01:04:41,800
Speaker 1: it comes to when it comes to crypto and stuff,

1097
01:04:41,840 --> 01:04:44,200
Speaker 1: if you're ever if you're ever invested or you know,

1098
01:04:44,280 --> 01:04:47,000
Speaker 1: if you're ever thinking of investing in something or whatever

1099
01:04:47,480 --> 01:04:50,160
Speaker 1: and you have questions about it, if you go to

1100
01:04:50,280 --> 01:04:52,720
Speaker 1: if you go onto Twitter or or any of these

1101
01:04:52,760 --> 01:04:55,880
Speaker 1: other social channels, you know, discord or medium or whatever,

1102
01:04:56,400 --> 01:04:58,520
Speaker 1: and you ask some questions, you know, if you if

1103
01:04:58,560 --> 01:05:02,320
Speaker 1: you put them politely and you know, not aggressively or

1104
01:05:02,360 --> 01:05:05,240
Speaker 1: anything like that, and you ask questions. If if the

1105
01:05:05,320 --> 01:05:08,320
Speaker 1: deaths come back and give you proper answers, then that

1106
01:05:08,560 --> 01:05:10,840
Speaker 1: is a good sign. But if you get blocked or

1107
01:05:11,240 --> 01:05:14,240
Speaker 1: anything like that, you know, or ignored, that is probably

1108
01:05:14,360 --> 01:05:18,040
Speaker 1: all the red flag you need. Because any crypto project

1109
01:05:18,480 --> 01:05:22,080
Speaker 1: worth its worth, its solved, any legit project will always

1110
01:05:22,160 --> 01:05:26,600
Speaker 1: try and answer questions, address concerns, you know, all this

1111
01:05:26,680 --> 01:05:29,800
Speaker 1: sort of stuff. So but there are just countless examples

1112
01:05:29,920 --> 01:05:33,600
Speaker 1: of this happening. And yeah, dev's going quiet or blocking

1113
01:05:33,680 --> 01:05:36,560
Speaker 1: people or or whatever. It's it's a it's a complete

1114
01:05:36,600 --> 01:05:39,320
Speaker 1: red flag. And ditto communities as well. You know, if

1115
01:05:39,640 --> 01:05:42,040
Speaker 1: if if a coin or token has a really strong

1116
01:05:42,560 --> 01:05:45,200
Speaker 1: community behind it, who just will not listen to any

1117
01:05:45,240 --> 01:05:48,680
Speaker 1: sort of criticism, that that too is yeah, you should

1118
01:05:48,720 --> 01:05:52,800
Speaker 1: be worried. Also when you're when you're speaking to someone

1119
01:05:52,920 --> 01:05:55,040
Speaker 1: or you're listening to someone that you do it a lot,

1120
01:05:55,160 --> 01:05:57,880
Speaker 1: which I think is admirable, is when you are talking

1121
01:05:58,000 --> 01:06:02,520
Speaker 1: about a project, you do let people know if you

1122
01:06:02,600 --> 01:06:04,920
Speaker 1: are holding it, you know, just just so everyone is

1123
01:06:04,960 --> 01:06:07,720
Speaker 1: aware and completely transparent. I hold a little bit of

1124
01:06:08,440 --> 01:06:16,960
Speaker 1: jizz ei or whatever, and that maybe even unconsciously biasing

1125
01:06:17,440 --> 01:06:20,520
Speaker 1: my my opinions on it. You know, it may or

1126
01:06:20,600 --> 01:06:22,600
Speaker 1: may not be that, but let people make their own

1127
01:06:22,640 --> 01:06:24,600
Speaker 1: decision about it and just be a cool. Look, I

1128
01:06:24,720 --> 01:06:31,040
Speaker 1: hold this this hit coin. By the way, I was

1129
01:06:31,120 --> 01:06:35,720
Speaker 1: in at the I c O on this. You buy

1130
01:06:35,960 --> 01:06:40,680
Speaker 1: is going to make me extremely wealthy? Yeah, yeah, it's um, yeah,

1131
01:06:40,760 --> 01:06:43,080
Speaker 1: there's is it's there's so much of this kind of

1132
01:06:43,120 --> 01:06:47,600
Speaker 1: stuff in in in crypto unfortunately, but yeah, it can be.

1133
01:06:48,080 --> 01:06:49,960
Speaker 1: It can be depressing to cease to look at some

1134
01:06:50,080 --> 01:06:51,840
Speaker 1: of these groups and these people who are just you know,

1135
01:06:52,000 --> 01:06:56,600
Speaker 1: deluding themselves and yeah kind of really you know, turn

1136
01:06:56,720 --> 01:07:00,160
Speaker 1: really nasty and stuff. It's yeah, this this person's right.

1137
01:07:00,160 --> 01:07:02,520
Speaker 1: I'll never be a part of a crypto cult ever again.

1138
01:07:02,600 --> 01:07:04,880
Speaker 1: If you ever do realize if you have a sort

1139
01:07:04,880 --> 01:07:06,760
Speaker 1: of thing, hang on a second, am I in a cult?

1140
01:07:07,480 --> 01:07:12,640
Speaker 1: Then you're an accult and you should leave if you

1141
01:07:13,240 --> 01:07:15,400
Speaker 1: If you ever, if you ever ask yourself the QUD

1142
01:07:15,640 --> 01:07:17,600
Speaker 1: just good rule for life, isn't it. If you ever

1143
01:07:18,000 --> 01:07:20,880
Speaker 1: a room with hundreds of people dressed in the same

1144
01:07:20,960 --> 01:07:23,800
Speaker 1: white colored robe, all with a glass of kool aid,

1145
01:07:24,160 --> 01:07:33,680
Speaker 1: and you ask yourself, am I in a cult? Probably certainly? Yes, yes, Okay,

1146
01:07:33,680 --> 01:07:36,040
Speaker 1: I think we've got the next one. Yeah, yeah, we've

1147
01:07:36,040 --> 01:07:37,920
Speaker 1: got time for two more. You read you read this

1148
01:07:38,040 --> 01:07:42,480
Speaker 1: next one. Am. I got a tattoo of a project

1149
01:07:42,960 --> 01:07:48,160
Speaker 1: it rugged. Now, this is something that's I've seen other

1150
01:07:48,240 --> 01:07:51,000
Speaker 1: people like I used to do a club night. You

1151
01:07:51,120 --> 01:07:53,520
Speaker 1: used to do a club night called Regression Sessions. And

1152
01:07:53,600 --> 01:07:55,960
Speaker 1: we've had people who come to the this is just

1153
01:07:56,080 --> 01:07:58,440
Speaker 1: some random club night that you know it was. It

1154
01:07:58,520 --> 01:08:01,960
Speaker 1: was fairly big. And I've had people come up to

1155
01:08:02,040 --> 01:08:06,920
Speaker 1: me and show me their Regression Sessions tattoo and I'm like,

1156
01:08:08,280 --> 01:08:13,160
Speaker 1: what are you doing? It is a club night. It's

1157
01:08:13,280 --> 01:08:17,560
Speaker 1: it's not. I mean, but some people have different you know,

1158
01:08:17,680 --> 01:08:19,960
Speaker 1: some people get tattoos for jokes. Some people you know,

1159
01:08:20,080 --> 01:08:23,200
Speaker 1: it's it does it's it's it's a different meaning to

1160
01:08:23,320 --> 01:08:26,960
Speaker 1: different people. And I hope this guy was fort into

1161
01:08:27,640 --> 01:08:30,720
Speaker 1: the Regression Sessions camp here with a tattoo project that

1162
01:08:31,200 --> 01:08:33,560
Speaker 1: of a project that rugged. And look listen, it's a

1163
01:08:33,600 --> 01:08:37,720
Speaker 1: funny story. Yeah. Yeah. It's kind of like getting a

1164
01:08:37,840 --> 01:08:44,880
Speaker 1: girlfriend's name tattooed on you to find out she's she's

1165
01:08:45,320 --> 01:08:48,320
Speaker 1: not the one. Yeah, I mean again, we're we're kind

1166
01:08:48,360 --> 01:08:51,280
Speaker 1: of we're straying into sort of rules for life. Territory

1167
01:08:51,360 --> 01:08:53,240
Speaker 1: as well. It's not just rules for crypto, is it.

1168
01:08:53,360 --> 01:08:55,000
Speaker 1: But I think, you know, a good rule for life

1169
01:08:55,120 --> 01:08:59,600
Speaker 1: is I don't get that crypto the thing tattooed, you know,

1170
01:08:59,680 --> 01:09:02,360
Speaker 1: don't at a club night tattoo, don't get a girlfriend's

1171
01:09:02,439 --> 01:09:04,639
Speaker 1: name tattooed, and things like that, you know it. Don't

1172
01:09:04,680 --> 01:09:08,439
Speaker 1: get any sort of facial tattoo. Yeah. Possibly, yeah, I

1173
01:09:08,520 --> 01:09:12,240
Speaker 1: mean because they're they're hard to get off and people

1174
01:09:12,320 --> 01:09:18,240
Speaker 1: will judge you, especially me. Um. Yeah, no, I mean

1175
01:09:19,040 --> 01:09:21,360
Speaker 1: I got a tattoo of a project it rugged. Yeah,

1176
01:09:21,600 --> 01:09:25,559
Speaker 1: it's just just just don't go there. Don't get a tattoo.

1177
01:09:25,760 --> 01:09:29,120
Speaker 1: If it's a cool logo at least that's fine, you

1178
01:09:29,160 --> 01:09:31,280
Speaker 1: know what I mean. Well, if if it's you know,

1179
01:09:31,360 --> 01:09:34,320
Speaker 1: the theoryum is quite cool, just abstract sort of little shape,

1180
01:09:34,840 --> 01:09:36,680
Speaker 1: do you know what I mean? Bitcoin, I wouldn't want that,

1181
01:09:37,120 --> 01:09:41,240
Speaker 1: but something a bit more simple and yeah, okay, well,

1182
01:09:41,320 --> 01:09:43,280
Speaker 1: I mean people that people have got to do what

1183
01:09:43,400 --> 01:09:45,320
Speaker 1: they've got to do. It's it's their bodies. Isn't it

1184
01:09:45,760 --> 01:09:48,559
Speaker 1: that that tweet does put me in mind of um,

1185
01:09:49,439 --> 01:09:51,840
Speaker 1: I think it was. It wasn't a tattoo, Although I

1186
01:09:51,880 --> 01:09:55,439
Speaker 1: think this happens when you know, football supporters get their

1187
01:09:55,760 --> 01:10:00,240
Speaker 1: favorite players names tattooed and then that player promptly leaves

1188
01:10:00,280 --> 01:10:05,519
Speaker 1: for another club. Yeah, or when you get the someone

1189
01:10:06,120 --> 01:10:10,519
Speaker 1: type got the tattoo of England euro winners or something

1190
01:10:10,600 --> 01:10:13,760
Speaker 1: like that, and then we lost in the final and

1191
01:10:13,920 --> 01:10:17,280
Speaker 1: it's that's there forever. It's like you just could have

1192
01:10:17,360 --> 01:10:21,120
Speaker 1: waited twenty four hours and yeah, I think. And there's

1193
01:10:21,160 --> 01:10:24,320
Speaker 1: also the one I think that I think at Newcastle

1194
01:10:24,400 --> 01:10:28,559
Speaker 1: wasn't there we didn't someone didn't A Geordie Fellow called

1195
01:10:28,600 --> 01:10:33,000
Speaker 1: their son Cole only for um and olderly for man

1196
01:10:33,120 --> 01:10:39,920
Speaker 1: Unite two later, you know, he named it after after

1197
01:10:40,080 --> 01:10:45,479
Speaker 1: the the carbon fuel that was it, yeah, which which

1198
01:10:45,520 --> 01:10:52,400
Speaker 1: had vanished from the area. Okay, so just time for

1199
01:10:52,479 --> 01:10:55,720
Speaker 1: one more. This from the fifth of July two. I

1200
01:10:55,800 --> 01:10:58,719
Speaker 1: had an amazing family and literally had it made in life.

1201
01:10:59,200 --> 01:11:03,479
Speaker 1: Then I just covered bitcoin and became overwhelmed with greed

1202
01:11:03,600 --> 01:11:06,559
Speaker 1: and ultimately lost everything I had trying to obtain more.

1203
01:11:07,040 --> 01:11:12,040
Speaker 1: Wish I had never discovered crypto guy. We're doing this

1204
01:11:12,360 --> 01:11:15,880
Speaker 1: episode to cheer me up. I know, I know we're

1205
01:11:15,920 --> 01:11:17,720
Speaker 1: doing this episode to cheer me up. So I can

1206
01:11:17,840 --> 01:11:21,760
Speaker 1: leave this, you know, our chat once a week and

1207
01:11:22,160 --> 01:11:25,040
Speaker 1: I'm going to be happy and and you leave us

1208
01:11:25,080 --> 01:11:29,280
Speaker 1: on this. I lost my I've lost everything I love

1209
01:11:30,200 --> 01:11:32,599
Speaker 1: trying to obtain more. I wish I'd never discovered crypto.

1210
01:11:33,560 --> 01:11:36,240
Speaker 1: What are you doing? I think I just think, Mikey,

1211
01:11:36,320 --> 01:11:39,519
Speaker 1: that it's a very important lesson to learn because as

1212
01:11:39,560 --> 01:11:41,479
Speaker 1: I said, as I said at the beginning of the episode,

1213
01:11:41,520 --> 01:11:44,280
Speaker 1: like coin Fessions is amazing, but there are you know

1214
01:11:44,479 --> 01:11:46,479
Speaker 1: that there are some funny ones, there are some very

1215
01:11:46,720 --> 01:11:50,240
Speaker 1: truthful ones. There are also some really damn bleak ones

1216
01:11:50,320 --> 01:11:53,200
Speaker 1: out there, and I think it's important to acknowledge that.

1217
01:11:53,760 --> 01:11:56,080
Speaker 1: And I think this is like the probably the most

1218
01:11:56,160 --> 01:11:59,479
Speaker 1: important lesson that we can that we can take from

1219
01:11:59,600 --> 01:12:02,320
Speaker 1: this whole episode, from all these experiences that people have

1220
01:12:02,439 --> 01:12:06,439
Speaker 1: had in crypto. Like, crypto is amazing, and it has

1221
01:12:06,479 --> 01:12:09,479
Speaker 1: made a lot of people very wealthy. It has changed

1222
01:12:09,560 --> 01:12:13,240
Speaker 1: a lot of people's lives for the better. Um, but

1223
01:12:13,400 --> 01:12:15,720
Speaker 1: it is not the be all and end all. It

1224
01:12:15,880 --> 01:12:19,080
Speaker 1: can be. It can be a destructive force if you

1225
01:12:19,200 --> 01:12:22,080
Speaker 1: let it. And I think it's really important for people

1226
01:12:22,600 --> 01:12:25,599
Speaker 1: to remember that the really important things in life are

1227
01:12:26,000 --> 01:12:28,840
Speaker 1: things like you know, our family, our friends. You know,

1228
01:12:29,000 --> 01:12:32,880
Speaker 1: crypto is Crypto is amazing, but it should. It should

1229
01:12:32,960 --> 01:12:36,559
Speaker 1: never come before your family, before your friends, before taking

1230
01:12:37,320 --> 01:12:40,560
Speaker 1: you know, the things that are really important. Um. And

1231
01:12:41,040 --> 01:12:44,040
Speaker 1: you know, but it is possible to have it both.

1232
01:12:44,160 --> 01:12:47,080
Speaker 1: But people do get overtaken by greed. They do get

1233
01:12:47,240 --> 01:12:50,559
Speaker 1: obsessed by the idea of having more and more and more.

1234
01:12:50,680 --> 01:12:54,240
Speaker 1: It's like, for one thing, remember what's really important. And

1235
01:12:54,760 --> 01:12:57,760
Speaker 1: for another, you know, you have to you have to

1236
01:12:57,880 --> 01:13:01,000
Speaker 1: have limits, you have to be you know, you don't

1237
01:13:01,080 --> 01:13:05,800
Speaker 1: let greed consume you, because then crypto isn't so cool.

1238
01:13:06,040 --> 01:13:10,320
Speaker 1: You know. It's remember what's really important in life. Yeah,

1239
01:13:10,720 --> 01:13:12,800
Speaker 1: that's okay, fine, that's a nice way to end it.

1240
01:13:14,479 --> 01:13:18,200
Speaker 1: I hope this guy finds a new family. Yeah, yeah,

1241
01:13:18,400 --> 01:13:20,800
Speaker 1: I I hope he. I hope he managed to patch

1242
01:13:20,880 --> 01:13:23,080
Speaker 1: things up with his family and kind of get back

1243
01:13:23,120 --> 01:13:25,960
Speaker 1: to get back to the good things that he had. Um.

1244
01:13:26,960 --> 01:13:30,000
Speaker 1: But yeah, it's it's it's very true, folks, you know,

1245
01:13:31,160 --> 01:13:34,400
Speaker 1: don't don't let the bad things in life take you

1246
01:13:34,520 --> 01:13:39,640
Speaker 1: over anyhow. So I think there was some. I think

1247
01:13:39,680 --> 01:13:44,080
Speaker 1: there are some so good. Yeah, yeah, it's a great.

1248
01:13:44,400 --> 01:13:47,360
Speaker 1: It's a great channel coin fashions. I'm a big fan

1249
01:13:47,400 --> 01:13:50,320
Speaker 1: of it. And yeah, I think it's uh, it is

1250
01:13:50,439 --> 01:13:54,519
Speaker 1: actually I think a really important part of your crypto journey,

1251
01:13:54,560 --> 01:13:56,479
Speaker 1: because it's the sort of thing that you should just

1252
01:13:56,680 --> 01:13:59,360
Speaker 1: check in with every now and again for a dose

1253
01:13:59,439 --> 01:14:02,120
Speaker 1: of reality. You know, when when crypto is starting to

1254
01:14:02,200 --> 01:14:05,040
Speaker 1: take over your life, just just step back, look at

1255
01:14:05,120 --> 01:14:08,200
Speaker 1: coin fesshions and don't make the same mistakes that those

1256
01:14:08,240 --> 01:14:11,040
Speaker 1: people did. It sounds good. I think it's good. It

1257
01:14:11,560 --> 01:14:19,560
Speaker 1: is a little a sobering, uh snapshot of other people's experiences,

1258
01:14:19,720 --> 01:14:21,840
Speaker 1: So I think it's yeah. I'm going to follow it.

1259
01:14:21,880 --> 01:14:26,160
Speaker 1: I'll give it a little follow. Good stuff, good stuff. Okay,

1260
01:14:26,560 --> 01:14:28,479
Speaker 1: let's should we leave it there for this week? I

1261
01:14:28,560 --> 01:14:31,799
Speaker 1: think yeah, I think we've given I think we've probably

1262
01:14:32,240 --> 01:14:34,600
Speaker 1: freaked enough people out with some of the some of

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01:14:34,640 --> 01:14:37,680
Speaker 1: the goings on in crypto for for one week. We

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01:14:37,880 --> 01:14:41,320
Speaker 1: will be back next week, I hope again. I've I

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01:14:41,360 --> 01:14:43,200
Speaker 1: have no real idea what we're going to talk about,

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01:14:43,280 --> 01:14:46,320
Speaker 1: but we'll we'll figure something out. I might try there's

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01:14:46,320 --> 01:14:48,800
Speaker 1: a couple of guests I'm hoping to bring on again.

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01:14:48,840 --> 01:14:52,280
Speaker 1: I've really enjoyed having guests on the podcast before, so

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01:14:53,080 --> 01:14:55,320
Speaker 1: I'm kind of making, you know, putting feelers out to

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01:14:55,360 --> 01:14:57,800
Speaker 1: get a few people on. Why don't you speak to

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01:14:57,800 --> 01:15:01,439
Speaker 1: the old cs. You can get him on and I

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01:15:01,520 --> 01:15:04,040
Speaker 1: can ask him about what he frittes his money away

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01:15:04,080 --> 01:15:08,360
Speaker 1: on and if he will lend me a million million pounds. Yeah, yeah, Okay,

1274
01:15:08,520 --> 01:15:10,599
Speaker 1: don't tell him that. Don't tell him that till he's

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01:15:10,640 --> 01:15:15,600
Speaker 1: on obviously, and then we'll ambush him. Yeah, okay, and

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01:15:15,760 --> 01:15:18,720
Speaker 1: see if he's maybe see if any of these coin

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01:15:18,840 --> 01:15:24,519
Speaker 1: fesshions people are him. Ye. Anyway, Mike, it's been great

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01:15:24,520 --> 01:15:27,560
Speaker 1: to see you again. Um, and yeah, I'll check in

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01:15:27,640 --> 01:15:30,160
Speaker 1: with you, check in with you again in a week's time.

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Speaker 1: Sounds good, mam. Cheers, Bye, Thank you so much for

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01:15:35,000 --> 01:15:37,560
Speaker 1: listening to the coin Bureau podcast. If you'd like to

1282
01:15:37,640 --> 01:15:41,040
Speaker 1: learn more about cryptocurrency, you can visit our YouTube channel

1283
01:15:41,160 --> 01:15:44,400
Speaker 1: at YouTube dot com forward slash coin Bureau. You can

1284
01:15:44,439 --> 01:15:46,720
Speaker 1: also go to coin bureau dot com for loads more

1285
01:15:46,760 --> 01:15:49,680
Speaker 1: information about all things crypto. You can follow me on

1286
01:15:49,800 --> 01:15:52,240
Speaker 1: Twitter and at coin Bureau all on word, and I'm

1287
01:15:52,280 --> 01:15:55,920
Speaker 1: also active on TikTok and Instagram as well. First of all,

1288
01:15:56,200 --> 01:15:59,920
Speaker 1: it's not thank you for listening, you're welcome for great content.

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01:16:00,040 --> 01:16:04,000
Speaker 1: Hunt Yeah, like this is free and they're learning about

1290
01:16:04,080 --> 01:16:07,800
Speaker 1: a fairly great topic in a non boring way. If

1291
01:16:07,840 --> 01:16:09,920
Speaker 1: you'd like to visit me and hear more about me,

1292
01:16:10,760 --> 01:16:13,320
Speaker 1: go to mooch About m o O c h A

1293
01:16:13,520 --> 01:16:26,599
Speaker 1: b o U T or else. For more podcasts from

1294
01:16:26,640 --> 01:16:30,440
Speaker 1: I heart Radio, visit the i heart Radio app, Apple Podcasts,

1295
01:16:30,680 --> 01:16:40,960
Speaker 1: or wherever we get your podcasts. The coin viere a

1296
01:16:41,040 --> 01:17:04,280
Speaker 1: podcast is a production of I heart Radio. Can Go