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37:45
I'm focused on getting my project
37:47
finished and out the door and audited
37:49
and top three and then top one right I'm
37:53
not I'm not happy with bitcoins adoption
37:55
I think four million users is garbage it
37:58
has actually much less than four million
37:59
users if every user had one address over
38:04
$100 then there'd be four million users
38:07
but since people have more than one
38:09
address right
38:10
you've got what maybe two million users
38:12
1 million users right and then you can
38:15
say oh well there's always people in
38:16
exchanges yeah well they're not using
38:18
Bitcoin if you don't have a Bitcoin
38:20
address you're not using Bitcoin if you
38:22
were using an exchange and the exchange
38:23
is using Bitcoin they're using Bitcoin
38:25
not you right and when they lose all
38:27
your money you're gonna be like oh oh
38:29
Bitcoin was meant to get rid of the
38:31
middlemen Oh oops
38:32
yeah Bitcoin was made to get rid of the
38:35
middlemen not add them right so now now
38:38
the state of crypto is you have a
38:41
middleman let's exchange and then the
38:45
value that you're holding there is
38:46
another middleman coin which is fake
38:48
dollars and then that middleman that
38:52
issues those has another Bank that they
38:54
have to cycle through every one small
38:56
when they lose their account right all
38:58
those middlemen are the opposite of what
39:00
crypto was designed for the absolute
39:02
opposite right why would you put three
39:05
parties between you and a bank account
39:06
when you could just have a bank account
39:08
in dollars and and actually have legal
39:11
remedy right and not have to fly to a
39:13
weird country and it's like what
39:16
[ __ ] so if I wasn't if I wasn't
39:22
focused on if I'm hmm I'm not focused on
39:25
my emotions I'm focused on getting my
39:27
project done
39:28
so right now it's getting to audit
39:33
getting the shillings out there 20% if
39:35
you refer people that's a lot so if
39:38
you're a wallet and you make a small
39:40
portion of fees on the small portion of
39:43
fees people pay that's like a crappy
39:45
times a crappy of a crappy that's
39:48
terrible right so if an if a wallet or
39:51
in exchange promotes my free airdrop
39:54
token that amount they can make on that
39:57
20% referral that the currency inflates
40:01
to pay them could be more than they ever
40:04
made on any of their business ever
40:06
including their change Lea links and
40:08
their shape shift links and whatever ads
40:10
they might have had which I don't even
40:11
think that's part of most of these
40:13
companies revenue models it's a
40:15
no-brainer right so once we get an audit
40:18
I'm gonna start cold calling every
40:19
wallet every exchange and see what type
40:22
of synergy we can find because I think
40:25
that there's millions of dollars to be
40:26
made I'm giving away free money to their
40:28
customers
40:29
pretty easy so of course so let me ask
40:34
you this now do you think anyone can
40:36
become successful sure yeah so good yeah
40:45
success is subjective so for some people
40:47
success is I woke up and my feet are on
40:50
the floor man this is awesome and for
40:53
other people's success is I need to have
40:55
less than 8 percent body fat and all of
40:57
my kids need to be doing great and my
41:00
sports team needs to be winning and I
41:02
need to be hitting personal records at
41:05
the gym and if all of those things don't
41:07
happen that I'm not happy now which one
41:10
of those two people do you think has
41:11
like lower cortisol levels and has
41:14
better smile on their face right and
41:16
it's maybe nicer to people around them
41:18
probably the guy that's a little bit
41:20
more chill with himself right so success
41:25
is entirely subjective now I would like
41:28
to say that if your hippy or a monk and
41:32
you've opted out of progress to the
41:34
detriment of all of those around you and
41:36
you leave the world not any better than
41:38
you found it you are loser you
41:41
stop being a loser so there's some
41:43
people that you know aren't comfortable
41:45
being your guru and telling you what
41:47
better and worse looks like I'm not that
41:49
cowardly right they're cowardly because
41:51
it could make more money off of more
41:53
demographics by not alienating any of
41:54
them hmm
41:56
since I'm not in that business yet I
41:57
don't mind the alienating some people
41:59
don't be a loser be productive leave the
42:02
world better than you found it right and
42:04
if you're getting stoned all the time or
42:08
doing the journey inward all the time
42:10
you ain't helping nobody not even
42:14
yourself
42:15
what how about being successful in
42:18
crypto do you think anyone can do that
42:20
whether it's trading I SEOs because
42:23
there's different things you can get
42:23
involved in crypto so I SEOs are in
42:28
general terrible ideas because you have
42:31
minimum rights as an investor with no
42:34
checkpointing which means they get paid
42:36
upfront everything and then their
42:39
optimal the optimal outcome for the
42:41
person doing the
ico
is to just start
42:42
another ICEA because they got paid in
42:44
full already so it's so the wrong
42:49
businesses with no product market fit no
42:52
adoption done by the wrong people at the
42:55
wrong valuation with the worst deal for
42:59
the people purchasing it with no
43:00
liquidity like it's just just horrible
43:03
and like every every single thing is
43:05
garbage now
43:07
there was maybe wine actually there's
43:14
maybe one or two successful ICS I can
43:17
really only think of one so I'm not I'm
43:22
not partial to that model I think I
43:24
could launch a successful SEO that fix
43:26
some of the problems and with all of the
43:29
crap that I've eaten from the public
43:30
giving away a free coin I'm probably
43:32
going to do an IC o---- if I do another
43:34
token because I'd rather get paid
43:36
upfront a hundred percent and they get a
43:38
cut of the coin after then then what's
43:41
going on now or it's like if you give
43:45
people something free they they're like
43:46
oh you know evil horrible thing all
43:49
right you horrible okay
43:51
you know the guys the guys that bought
43:53
the EOS
ICO
even in the bear market of
43:55
all bear markets the longest bear market
43:57
crypt has had they're still cash
43:59
positive over the ICEA price
44:01
so exactly how unhappy are all the
44:04
speculators in that deal and they got
44:06
like I've always depended position and
44:08
then will never take advice yeah it's
44:12
just it's a low percentage it's a low
44:14
percentage so you know I I started to
44:17
appreciate the ICM model when you just
44:20
look at how well it is from the person
44:22
launching its perspective you get paid
44:24
in full 100% and then you take a cut of
44:26
the coins - okay well that's better than
44:28
just taking code of the coins isn't it
44:31
so doing well in crypto so I wouldn't I
44:34
wouldn't focus on the I see a thing
44:36
if you want to do well the odds are
44:38
stacked against you unless you're
44:39
launching one and then the odds are
44:41
stacked against you still because the
44:43
market died there's no nobody's
44:45
interested in getting rekt everyone got
44:46
everyone held their
ICO
down 95% and
44:50
then watch to get delisted so when you
44:52
hold it from like 10 20 times higher
44:56
than it is and then watch it get the ax
44:58
listed there's like what worse could
45:03
happen to you encrypt it right other
45:04
than just like losing all your coins
45:06
losing our coins value is similar to
45:09
losing all of your coins the only
45:11
difference is that if you still have
45:12
your coins maybe they'll go up again one
45:14
day maybe so I wouldn't I wouldn't focus
45:17
on ICS as far as trading goes the skill
45:19
cap is very high if you want to use my
45:21
show link Richard Hart win enjoy your
45:23
10% off if you need a VPN you need to be
45:26
from another country there's the link
45:28
for that in my trading group T died on
45:31
me for it straight or straight charts
45:33
you can also check out my price calls at
45:35
Richard's calls
45:36
t-diamond a forward slash and you know
45:40
if we're at the at the bottom of a bear
45:42
market or near you could dollar-cost
45:44
average from here down to 800 maybe we
45:46
never get to 800 maybe we never get to
45:48
1200 maybe we never get to 2500 all
45:51
right but you're just gonna have very
45:53
limited exposure and if we do dip into
45:56
the sucka ville you're gonna have a
45:58
lower cost average that you bought in at
46:00
right and then if time keeps passing and
46:03
those
46:03
aren't getting hit and you see us do a
46:05
golden cross on the 5200 daily moving
46:08
average then you can just move your bits
46:10
up right or you know if mo a 30 percent
46:14
dip or 40 percent dip once dips tend to
46:17
stop dipping right so I think I think
46:21
that a lot of fortunes will be made
46:22
buying the bottom of this bear market or
46:25
near it I just looking at the chart the
46:29
bottoms of bear markets aren't V bottoms
46:33
they're like a capitulation V bottom
46:35
followed by some choppy crap revisiting
46:38
about 10% off of that V bottom and then
46:40
bull forever and that's what we did in
46:43
2014 my even 2015 whatever the last
46:49
bottom of the last bear was probably
46:53
2014 so if if you want to buy that you
46:56
want a dollar cost average in to it if
46:59
you want to FOMO and take some leverage
47:00
on a 30 or 40 percent dip and have a
47:02
tight stop loss so that you're out at 45
47:04
percent tip seems viable if you want to
47:08
play breakout trading you're gonna get
47:09
wrecked the Bart Simpson's are gonna run
47:11
your stops all day long you're going to
47:15
get your ass handed to you if you want
47:17
to do market making and guess the range
47:19
and just sell them the way up and by on
47:21
the way down we still do have enough
47:23
volatility to play that game but if it
47:27
jumps out of your range that you guessed
47:29
now you've got to rebuy your inventory
47:30
at a higher price and you might have
47:32
been better off just holding spot so I
47:35
think I think you're much better off
47:38
getting free Bitcoin hacks and staking
47:42
it in getting a 3x to 10x more coins
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