I talk about why I bought more cryptocurrency during the 1/16/2018 Dip. I talk about how I use the Trezor and ledger for a lot of my crypto.
Some troll hops on and starts telling everyone bitcoin is a scam.
reference my youtube channel:
Poorly done automated transcript:
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they HT yes I bought more cryptocurrency
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you buy when it's when it's down when
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it's read you should be happy because
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that's when it's down what's gonna
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happen is it's gonna shoot back up and
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then everybody gets excited and they buy
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when it's high but you're supposed to if
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anything you sell when it's high you buy
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when it's low mark says he bought some
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more steam that's how you do it had to
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buy another one of these trezors
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because my old one my old one had a
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hardware failure but the the thing about
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it is that all you do is you buy another
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one and then you put your passphrase in
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there to recover to recover it your
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wallet because the money is actually on
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the it's encrypted on the network and
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this is just like a key to access it
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two-factor authentication so the way you
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know that this box is real is because
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I'm having a hard time opening it you
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don't want to buy these off of off of
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ebay you want to get these from a
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reputable company what while it holds
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Ripple uh on the wireless life there's a
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couple I can show you one
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so I have a hardware wallet that holds
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ripple and then there's also a software
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while it the holes ripple
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it's starting to trend back up now
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yesterday was crazy yeah you know what's
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gonna happen is like the thing is it's
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it's kind of a it's kind of an emotional
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roller coaster you know but you don't
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want to get caught up in the emotional
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part of it you don't you really don't
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want to be emotional about this game
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damn this thing's like see how they like
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glue it and then they seal it if you get
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it and it's already open you don't want
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to open to mess with that cuz this thing
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generates your key
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somebody said bitcoin is a scam US
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dollars are scam buddy banks are a scam
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401 K is a scam that's what's a scam
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cryptocurrency cryptocurrency man if
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like think about it this way for those
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of you think it's a scam cryptocurrency
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is a scam think of think of this why in
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the hell what banks be getting on end
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into it did you know that at the g20
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summit they're about to talk about
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cryptocurrency and what to do with it
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the reason why it's down right now is
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because the government's are starting to
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try to regulate it also there's another
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speculation that that it's like that the
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Asian countries are having some cider
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it's like their Christmas a pyramid
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scheme
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how is Bitcoin a pyramid scheme tell me
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that explain that to me see it's this
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treasure here I love this thing boom
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boom BAM see now this is where your
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passphrase goes and it comes blank
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there's no passphrase if I showed you my
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password right now you'd be able to
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access something like thirty thousand
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dollars
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[Laughter]
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but the thing is this device generates
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the passphrase so that's how that works
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and then you use this I use this to
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access the wallet so I'm gonna recover
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the recovery no you know I had a 401 k
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man you might really want to look into
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that look into 401 k's man just I mean
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do yourself a favor and really look in a
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401 k --s you know this is not financial
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advice you should get financial advice
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from a financial adviser and they're
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gonna tell you get a 401 k so get
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yourself 401 k then so yeah here it is
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right here BAM so yeah okay let's get
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back on the topic if Bitcoin if
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cryptocurrency is a scam
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think about it why why is Facebook
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looking into it
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why are major corporations looking into
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the blockchain technology that backs up
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crypto currency
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why is the g20 summit about to address
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regulations for cryptocurrency why is I
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mean you got to ask yourself if it's a
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scam why are they acknowledging it why
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are they actually why are banks actually
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implementing cryptocurrency into their
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into their you really need to read up
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man you really need to do your homework
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and you got to read you got to read
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watch video you have to read listen
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watch videos on it look at what's going
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on look at the financial technology
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that's happening there's a revolution
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happening that's what's happening a new
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technology is on the rise that's what's
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happening you really got to do your
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homework if you think that it's a scam
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just watch some videos research after
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you watch videos after you read a book
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or two about it then
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if you say it's still a scam you know I
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mean not even I mean not even Warren
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Buffett saying it's a scam you know he's
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saying it's speculation
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yeah Russia's trying to come up with
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their own cryptocurrency forgot about
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that Russia um
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China has talked about it the Federal
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Reserve has talked about it
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Singapore Doha wells several countries
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are coming up with their own
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cryptocurrency this is just a live the
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time the time to buy and again this is
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not financial advice you really gotta
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take your own risks man rpw you really
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have no idea what you're talking about
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you think a front of 401ks don't make
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you rich man that's old school if you
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want to retire back in 1940's if the
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dollar was more solid I'll put it I put
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it to you like this if the dollar the US
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dollar was more solvent
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then it could it could work no no some
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people should not have risk risk their
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money you shouldn't risk money you don't
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that you can't afford to lose you know
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this is speculation but I think it will
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be the future yeah right now I mean I
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have to admit a lot of it is speculation
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um I would say 95% of is speculation at
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this point and that's unfortunate
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however it is a very new technology you
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know there are a couple that are out and
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being used like steam Stevens is
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activists out and being used as one
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called Wahby that's out and it's being
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used it's linked to an app for
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authenticating products
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there's several that are not speculation
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it's real it's actually being used in
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the real world
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Ripple's another one that they're trying
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to use for Swift codes Bitcoin I would
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say is not speculation bitcoin maybe the
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price the very high price at lends
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itself to some form of speculation like
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just like everything no but anyway guys
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here it is just want to give you a quick
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update and for those of you have
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cryptocurrency don't panic don't panic
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this happens in it it's it goes up and
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down
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since bitcoin is big in all of Asia now
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yeah I mean that's another thing Korean
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the Korean government has allowed is I
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mean it's huge in Korea the Korean
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government is putting in regulations for
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China Chinese government tried to shut
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it down a couple times already they
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can't do it so they're just trying to
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figure out how to deal with it 401k I
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have a 401 K and I asked them to close
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my account and send that money yeah
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and they said no yeah that's the problem
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401 KS man so I had a 401 K for about
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for about 10 years and made about
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$40,000 but it's so what happened was I
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put 7 grand last year when the market
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when the cryptocurrency market was still
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under a hundred it was under a hundred
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billion dollars and we put in seven
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thousand dollars right of our own money
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from another account and it grew times
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10 times 10 you didn't have enough to
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cover your closing costs man you can
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have a 401 K man some troll is on here
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boosting up 401 KS
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I get it money is a very emotional thing
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for some people but the thing is you
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can't really be emotional about it you
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know you you have to think rationally
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you got to think in dollars and cents
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what makes me more money but I know
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again not financial advices hey Antoine
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Willie a HT logistics what do you do to
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trade on by Nance I tried to switch
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Bitcoin to buy Ripple
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HT the best thing you can do man is
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watch some videos on exactly how to use
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it how to use Barnett's like each part
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of bar Nance but what you'll tip
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typically - to buy Ripple with Bitcoin
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what you do is there's on the upper
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left-hand corner of the screen on by
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Nance you'll see something that says
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exchange and then you go to exchange and
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then it'll it'll take you to another
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exchange basic there's a basic level and
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an advanced go to a basic and then it'll
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allow you to buy but what you want to do
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to get a complete walk through its use a
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go to go to youtube and just look up how
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to buy that's what you're trying to do I
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think is buy ripple and and you do that
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with the exchange but they'll walk you
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through it on YouTube YouTube's an
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awesome resource for that kind of stuff
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so here's my old one right here this one
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doesn't work anymore
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so rather than panicking I just
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contacted the seller and just got myself
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a new one and so I'll be able to take
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the pass code to have from this one put
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it on here and then I have access to the
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money again TLE and how you doing who
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the hell buys iraq dinar
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never heard of that one does that work
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yeah not only that but 401k if you try
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to take the money out once you take the
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money out they charge you like 30
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percent of whatever you put hey Eliot
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man thanks again thanks for that that
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donation really appreciate that yeah so
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they charge you like 30 percent they
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charge you like if you're under the age
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of 65 right is it 65 they charge you so
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65 they give you your money when you're
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60 freaking five years old
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so this one if you have a lot of ripple
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then this is the one you should use for
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ripple this one actually supports ripple
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I'm still learning how to use this one
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it's pretty different from this this is
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the Nano ledger this is the treasure and
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I mean honestly this right here I think
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this kind of stuff is the future of
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banking because it's two-factor
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authentication you control completely
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control your own money but you can't
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beat this you can't I don't see how a
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bank can beat this because the fees to
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transfer is is super small compared to a
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bank you know and then the bank takes
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like five days to transfer your stuff
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and then I mean if you're if the bank
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owns your has your money then it's it's
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it's in their possession right if you
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have their money on this well it's not
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really on this is the key to access it
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but if you have this to access your
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money you have the private keys you
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really own your own money
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oh it's going it's going to the age of
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sixty sixty seven wow that's just
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ridiculous man so if you take it out
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before that they chart to hit you up
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with a ten percent penalty fee and then
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they add that to your taxes so whatever
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you make let's say you make forty
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thousand a year and you you had you took
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out forty thousand year 401k that 41
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that forty thousand or what's left of it
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because they take they take twenty
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percent of it to and give that to the
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IRS so when you take it out they take
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forty they take twenty percent of it and
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that goes directly to the IRS then when
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he gets to you they charge you another
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penalty for taking it out early
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god forbid you take your own money out
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early right that you saved up that you
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risked they that you risk your own
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hard-earned money they hit you up with a
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fee for taking it out early then when it
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goes to your bank account they charge
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you again because if you're if you let's
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say you're making
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grand a year so you took out 40 grand
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well it's 30 grand about time to give it
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to you right so now you have 70 grand
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and they're gonna charge you're gonna
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get hit with the IRS again at 70 grand
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your new tax bracket is 70 grand cuz
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your $40,000 income plus your 401k
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30,000 what's left of it
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so yeah you that's in and but
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cryptocurrency is a scam right think
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00:18:16,460 --> 00:18:27,649
about it I mean just think about it most
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Bitcoin investors are used car salesmen
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a lot of you whatever man
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00:18:42,590 --> 00:18:49,940
what do you trade on by Nance I tried to
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00:18:46,820 --> 00:18:52,220
switch to Bitcoin to buy Ripple what do
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00:18:49,940 --> 00:18:59,870
i trade I don't I don't fully understand
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00:18:52,220 --> 00:19:07,460
your question what do i trade i buy on
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on Finance I buy mostly the stuff I
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believe in which is a - - has a huge
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project going on that's gonna be
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released it's there competing directly
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with PayPal and then the other one I buy
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is ADA which is card is called art card
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ah no that's kind of a future technology
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that's gonna compete with the etherium
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and then what else do i buy i buy arc
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arc art i buy art because it has proof
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of stake and it actually makes money arc
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00:19:39,639 --> 00:19:50,330
makes money just from sitting in an
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account so those are the things that i
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buy i buy those with bitcoin but you can
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00:19:53,809 --> 00:19:57,919
from one from what I understand now I'm
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00:19:56,450 --> 00:19:59,869
still pretty new to this but from what I
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00:19:57,919 --> 00:20:00,259
understand you're gonna both go to buy
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00:19:59,869 --> 00:20:01,700
NASA
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00:20:00,259 --> 00:20:09,499
you can buy all that stuff directly with
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00:20:01,700 --> 00:20:17,539
dollars oh man you have some OMG I don't
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00:20:09,499 --> 00:20:20,710
know enough about that to buy it it's
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going to be 32 degrees tomorrow morning
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32 degrees you call that cold Florida
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that's this cold in Florida
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all right let me show you something
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finance excuse me
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alright so here we go
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yeah I don't know if you can see that
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00:20:57,299 --> 00:21:02,090
but there's barn ants right there so
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00:20:59,909 --> 00:21:05,249
what you do is here's what I do anyway
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00:21:02,090 --> 00:21:08,659
if I want to buy some so here's my car
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00:21:05,249 --> 00:21:13,740
Donal right here card on Oh
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00:21:08,659 --> 00:21:16,499
right there and then if I want to buy
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00:21:13,740 --> 00:21:18,559
some what would go here so I don't
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00:21:16,499 --> 00:21:21,059
really keep money on the on the
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exchanges because it's not really safe
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00:21:21,059 --> 00:21:25,499
to keep them on there
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I normally that's why you know you don't
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see a lot of money on here there's only
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about thousand and that's only because I
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don't know I haven't got delve into the
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card oh no wallet yet so what what you
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00:21:40,200 --> 00:21:45,480
do is you just go here to buy I don't
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00:21:43,440 --> 00:21:48,570
know if you were you're asking how to
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00:21:45,480 --> 00:21:52,350
buy but you go here and well yeah stuff
352
00:21:48,570 --> 00:21:55,110
I'll buy is like stuff I really believe
353
00:21:52,350 --> 00:21:59,730
in Els I got enough of that I bought it
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00:21:55,110 --> 00:22:03,980
when it was a still I see oh but ADA
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00:21:59,730 --> 00:22:09,570
and then art coin that's this right here
356
00:22:03,980 --> 00:22:12,090
Ark looks like that Ark is incredible
357
00:22:09,570 --> 00:22:15,980
it's already at five dollars I bought it
358
00:22:12,090 --> 00:22:15,980
when it was start buying it was like one
359
00:22:16,309 --> 00:22:20,100
another another good one you want
360
00:22:18,690 --> 00:22:21,690
probably want to look into I don't own
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00:22:20,100 --> 00:22:23,159
any of this one but I'm really
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00:22:21,690 --> 00:22:23,909
considering buying it is this one right
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00:22:23,159 --> 00:22:27,480
here Wahby
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00:22:23,909 --> 00:22:30,419
this is a technology being used in China
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00:22:27,480 --> 00:22:32,190
to authenticate products because they
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00:22:30,419 --> 00:22:34,440
have real bad counterfeiting there and
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00:22:32,190 --> 00:22:36,899
so what happened with China is that
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00:22:34,440 --> 00:22:39,629
people are counterfeiting baby baby
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00:22:36,899 --> 00:22:42,899
formula and some of the fake stuff like
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00:22:39,629 --> 00:22:44,730
killed some kids and I mean that's the
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00:22:42,899 --> 00:22:46,230
only one of the bad things that happen
372
00:22:44,730 --> 00:22:48,480
with counterfeiting it's really bad
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there in China so they developed this
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00:22:48,480 --> 00:22:53,999
cryptocurrency
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00:22:49,740 --> 00:22:56,549
along with this it's like a seal that
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00:22:53,999 --> 00:22:59,210
you put on the product and then it you
377
00:22:56,549 --> 00:23:01,580
you have an app on your phone
378
00:22:59,210 --> 00:23:03,890
you point the at the app on your phone
379
00:23:01,580 --> 00:23:06,169
at the seal on the product and that
380
00:23:03,890 --> 00:23:08,149
tells you the entire chain of the
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00:23:06,169 --> 00:23:10,850
product and that works with this product
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00:23:08,149 --> 00:23:12,710
this cryptocurrency call Wahby so this
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00:23:10,850 --> 00:23:15,260
is not speculation this is real this is
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00:23:12,710 --> 00:23:18,470
actually in the field being used the
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00:23:15,260 --> 00:23:20,240
current price of this one is oh man it's
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00:23:18,470 --> 00:23:23,630
dropped down to like 2 bucks but it goes
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00:23:20,240 --> 00:23:26,090
as high as 5 so that's a really good one
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00:23:23,630 --> 00:23:28,610
another one one that's not on here steam
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00:23:26,090 --> 00:23:30,289
I really believe in steam I mean it's
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00:23:28,610 --> 00:23:33,080
not even believing it's mean that's more
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00:23:30,289 --> 00:23:37,279
like I use it so steam you make money
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00:23:33,080 --> 00:23:42,049
off of make money off of creating
393
00:23:37,279 --> 00:23:45,529
content that's a a real use case right
394
00:23:42,049 --> 00:23:47,330
there I mean so like people who come on
395
00:23:45,529 --> 00:23:49,640
here and talk about is fake and it's
396
00:23:47,330 --> 00:23:52,549
like dude it's it's people are using it
397
00:23:49,640 --> 00:23:55,970
it's being used banks are getting in on
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00:23:52,549 --> 00:24:00,100
it banks I mean don't you love banks you
399
00:23:55,970 --> 00:24:00,100
love 401ks so I imagine you love banks
400
00:24:00,669 --> 00:24:05,149
but even they are getting on you know
401
00:24:03,110 --> 00:24:07,630
they couldn't stop it so they now if you
402
00:24:05,149 --> 00:24:10,070
can't beat them you gotta join them I
403
00:24:07,630 --> 00:24:12,710
mean and all the reason I talk about
404
00:24:10,070 --> 00:24:16,159
this stuff is that I like to talk about
405
00:24:12,710 --> 00:24:18,470
stuff that we were successful with and
406
00:24:16,159 --> 00:24:21,070
just want to reiterate you know what I
407
00:24:18,470 --> 00:24:23,510
do guys and it's not financial advice
408
00:24:21,070 --> 00:24:25,010
because you know and the reason why you
409
00:24:23,510 --> 00:24:28,340
got keep saying it's not financial
410
00:24:25,010 --> 00:24:31,149
advice because people copy what you do
411
00:24:28,340 --> 00:24:33,500
and then what if things don't go like
412
00:24:31,149 --> 00:24:35,960
exactly as they think it should go in
413
00:24:33,500 --> 00:24:37,880
their head then they blame you for their
414
00:24:35,960 --> 00:24:41,059
take the risk that they took which is
415
00:24:37,880 --> 00:24:43,610
crazy to me anyway here's here steam
416
00:24:41,059 --> 00:24:45,620
right here if you're not on steam you
417
00:24:43,610 --> 00:24:48,320
don't even need money to be on steam
418
00:24:45,620 --> 00:24:50,659
guys this is free this is free money
419
00:24:48,320 --> 00:24:53,570
right but you want to you want to call
420
00:24:50,659 --> 00:24:56,419
it a scam but here it is this is free
421
00:24:53,570 --> 00:24:59,720
you just you make money off of posting
422
00:24:56,419 --> 00:25:02,809
you know it's me and my page right here
423
00:24:59,720 --> 00:25:05,299
just post content and then it makes some
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00:25:02,809 --> 00:25:07,760
call steam and if I want I could sell I
425
00:25:05,299 --> 00:25:11,240
could power this down right here it's
426
00:25:07,760 --> 00:25:12,750
currently worth what $3,000 $4,000 I
427
00:25:11,240 --> 00:25:14,460
could power this down
428
00:25:12,750 --> 00:25:18,480
and get the money out of our kit trade
429
00:25:14,460 --> 00:25:23,160
trade these steam dollars and all that
430
00:25:18,480 --> 00:25:25,680
see Elena's world talk to you later yeah
431
00:25:23,160 --> 00:25:28,680
so this is mine let me show you some
432
00:25:25,680 --> 00:25:33,450
content right here and all I do is just
433
00:25:28,680 --> 00:25:35,760
post stuff that same stuff normally it's
434
00:25:33,450 --> 00:25:39,120
the same stuff I put on YouTube but
435
00:25:35,760 --> 00:25:41,760
sometimes it's original content like
436
00:25:39,120 --> 00:25:46,920
completely like this one right here is
437
00:25:41,760 --> 00:25:53,130
talking about this is how high my
438
00:25:46,920 --> 00:25:56,610
holdings went and it lost forty two
439
00:25:53,130 --> 00:26:01,050
thousand USD value in two days
440
00:25:56,610 --> 00:26:03,750
crazy but that was after we made ten
441
00:26:01,050 --> 00:26:05,730
times gained over six months so the
442
00:26:03,750 --> 00:26:08,270
lesson we learned is to hold long term
443
00:26:05,730 --> 00:26:10,740
don't don't trade don't day trade
444
00:26:08,270 --> 00:26:12,390
cryptocurrency I mean you can I mean I
445
00:26:10,740 --> 00:26:18,530
know some people who make money off of
446
00:26:12,390 --> 00:26:18,530
that but that's not for us yeah you
447
00:26:18,920 --> 00:26:31,470
ready to go I'm about stop crazy people
448
00:26:28,980 --> 00:26:36,480
commenting you haven't seen that video
449
00:26:31,470 --> 00:26:38,790
already this is another coin that's
450
00:26:36,480 --> 00:26:43,040
coming out that's gonna target the adult
451
00:26:38,790 --> 00:26:43,040
industry that one should be big
452
00:26:43,640 --> 00:26:52,890
my favorite coin right here yo s anyway
453
00:26:50,010 --> 00:26:55,590
guys that concludes my daily broadcast
454
00:26:52,890 --> 00:26:58,920
thanks T Elyot for the donation I really
455
00:26:55,590 --> 00:27:01,860
appreciate that as always I will
456
00:26:58,920 --> 00:27:06,450
definitely return the favor somehow
457
00:27:01,860 --> 00:27:09,030
someway and all you other guys even my
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00:27:06,450 --> 00:27:11,220
hater who jumped on I appreciate your
459
00:27:09,030 --> 00:27:16,710
comments I really do I love the
460
00:27:11,220 --> 00:27:19,970
conversation but I'm out guys I'll talk
461
00:27:16,710 --> 00:27:19,970
to you to morrow
Thanks for all your information and insights!
You are very welcome.
Coins mentioned in post:
Its on the way back up now. Glad I bought it low.
Does cryptocurrency mean the end for regular currencies?