Coinbase Bankruptcy Alert !!!
Read This Before You Panic
There’s lots of misleading info about this right now. Much of it is clickbait.
Before jumping out the window, watch this video.
COINBASE BANKRUPT!!! Watch in 24Hrs! (You Need To Know This Or Your Crypto Could Be Gone)
6,784 views May 12, 2022 COINBASE BANKRUPT!!! Watch in 24Hrs! (You Need To Know This Or Your Crypto Could Be Gone) Get An Extra 20% Bonus When You Sign Up Here ► https://cde.lunaone.com/invite?ref=UD… Subscribe to our video newsletter here ► http://RUNGUYS.com Get on our VIP TXT List for the Metabull Club NFT Launch ► http://MetaMoneyVIP.com Connect With Us Below: 📩 Email: RUNGUYS@Protonmail.com 🚀 Discord: https://discord.gg/RUNGUYS ✈️ Telegram: https://t.me/joinchat/HK1BgkrL6AN4EkWU 🐦 Twiter: https://twitter.com/THERUNGUYS 📲 Instagram: @Run.Guys 🌎 Facebook: https://facebook.com/groups/rankupnow The RUN GUYS are not registered financial advisors or investment advisors. Their channel is strictly for information, education, and entertainment purposes only designed to provide the best information to help you learn how to navigate the financial markets. #Crypto #NFT #Coinbase Income Disclosure: This is not a get rich quick program nor do we believe in overnight success. The RUN GUYS channel is stricly for information and educational purposes only. We believe in hard work, integrity, and developing your skills if you want to earn more money online. As stipulated by law, we can not and do not make any guarantees about your ability to get results or earn any money with any of our products or services, or the products and services we mention. The average person who buys any products online gets little to no results. Any references or examples used within this video, are real and documented but are used for example purposes only. Your results will vary and depend on many factors, including but not limited to your background, experience, and worth ethic. Cryptocurrencies entail risk as well as potential losses. If you’re not willing to accept that, please DO NOT PURCHASE ANY PRODUCTS OR CRYPTOCURRENCIES, OR NFTs MENTIONED IN THIS VIDEO. IN FACT, DO NOT BUY ANY CRYPTO or NFT MENTIONED IN THIS VIDEO. Watch for learning purposes only. If you are in the United States of America please read the rules and regulations listed on the websites for any cryptocurrencies you are learning about. Results aren’t typical, so don’t be typical.
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FULL VIDEO TRANSCRIPT
0:00
all right what is going on my friend
0:01
welcome back to the channel so we have a
0:03
lot to talk about in the crypto space
0:05
today the market’s getting absolutely
0:07
destroyed right now bitcoin down 31 in
0:09
the past seven days ethereum down 37
0:12
percent bnb down 42
0:14
xrp down 44
0:16
the markets are in an absolute bloodbath
0:18
right now and
0:19
while most people are panicking i want
0:21
to share some news with you guys that is
0:23
actually great news for those of you
0:25
that are getting ready to scale your
0:27
wealth if you’re brand new and maybe
0:29
those of you that are getting erect
0:31
right now wondering how is it going to
0:32
be possible to even preserve your wealth
0:34
we have some news about coinbase warning
0:36
users uh that they could lose their
0:37
crypto if the company goes bankrupt so i
0:39
want to show you guys how to protect
0:40
yourself not only uh in times of
0:42
volatility like this in the crypto space
0:45
but also in times of uh inflation as
0:47
well too uh with the us dollar we’re
0:49
getting into uh stable coin regulation
0:51
what’s happening there we’re talking
0:53
about how to preserve your crypto we’re
0:54
talking about bitcoin price chart we’re
0:56
talking about the bitcoin rainbow price
0:58
chart bitcoin uh stock to flow model the
1:00
logarithmic growth curves we’re talking
1:01
about ethereum we’re talking about shiba
1:03
inu we’re getting into the psychology of
1:05
a market cycle
1:06
we’re going to share some information
1:07
about nfts as well too because nfts are
1:10
taking a beating as well however this is
1:12
one of the most exciting times in crypto
1:14
because when everyone is panicking when
1:16
there’s fear in the streets even about
1:18
tether usdt d-pegging as well too so
1:21
this is gonna be one of the most uh
1:22
valuable videos that i’ve personally
1:24
made all year just because um the stress
1:27
that comes at these times right now can
1:29
eat you alive and there’s been a lot of
1:31
people that have uh commented based on
1:34
the recent tara luna news that have lost
1:36
a lot of money and guys listen
1:38
you’re not alone there’s a lot of people
1:40
that have lost the money you know lost a
1:41
lot of money in this crypto space we’re
1:43
all in this together so we have to uh
1:45
stick it out together and at the same
1:47
time too we have to learn from our
1:49
lessons because you spend money to learn
1:52
skills but you have to lose money
1:53
sometimes to learn lessons and some of
1:55
you have had to learn the hardest lesson
1:57
of your life from 2017 to 2020 i learned
2:00
a lot of lessons i’m going to share some
2:02
pitfalls to help you overcome those so
2:04
you don’t have to fall in that black
2:06
hole of trying to get out of uh debt for
2:08
yourself if you over leverage yourself
2:09
in the crypto markets to help you create
2:11
real long-term passive income because
2:13
with 19 413 cryptocurrencies you got to
2:16
have passive income flowing through uh
2:18
set aside in a solid reserve for
2:20
yourself not only in stable coins that
2:22
are actually stable but in fiat currency
2:24
as well too and have that coming through
2:26
so you can buy more crypto with the
2:28
markets dip so you can buy more real
2:29
estate you can buy stocks if you want to
2:31
uh you can invest in commodities
2:33
precious metal land all that good stuff
2:36
so comment 777 if you’re feeling blessed
2:38
comment 777 if you’re feeling bullish
2:40
and let’s run it
2:49
what’s going up bull runners nick here
2:50
with run guys.com and we’re gonna kick
2:53
this video off with a quick giveaway
2:55
we’re giving away a hundred dollars and
2:57
all you have to do is give this video a
2:59
bruce lee stomparoo right to the like
3:02
button subscribe and comment below every
3:05
single comment that you leave enters you
3:06
into win and then head on over to run
3:08
guys.com to subscribe to our video
3:11
newsletter right now because that’s
3:13
where we announce the winners every
3:15
single week now with that being said
3:17
let’s make some money
3:19
so we’re gonna get into the news with
3:20
coinbase warning users that they could
3:22
lose their crypto holdings if the
3:24
company goes bankrupt but first i want
3:26
to talk about uh a little bit with tara
3:28
luna on what’s taking place right now
3:30
because tara luna just absolute worst
3:33
case scenario is sitting at a penny
3:35
right now in this project i mean i made
3:37
a video talking about how people are
3:39
giving price predictions of losing 94
3:41
but
3:42
99.99 percent people this project is
3:46
gonna it’s gonna be virtually impossible
3:48
to regain trust after this even if they
3:50
bounce back and you saw what happened
3:51
with tether recently d pegging to 95
3:54
cents but usdt shortly recovered after
3:57
that now people are worried about a lot
4:00
of different things in the crypto space
4:01
because it’s proven that stable coins
4:03
aren’t really that stable and everyone
4:05
is flooding the usdc well there’s a
4:07
single page um document that was
4:09
released a while back for tether showing
4:12
uh the reserves for tether and the text
4:14
is showing this right here for those of
4:16
you guys wondering what tether is backed
4:17
by because in order for a stable coin to
4:19
actually be stable it has to be backed
4:21
by something that’s stable and that goes
4:24
either up in value or maintains its
4:26
value just like the us dollar used to be
4:28
backed by gold and was very strong it uh
4:31
it’s no longer backed by gold and i’m
4:32
going to share some information on that
4:34
as well too but you look at tether you
4:35
see commercial papers is 65 fiduciary
4:38
deposits is 24 cash is eight seven
4:41
percent uh reserve repo notes is three
4:43
point six percent treasury bills is two
4:45
point nine four percent so usdt is just
4:48
a ticking time bomb waiting to
4:50
absolutely explode the actual us dollar
4:53
backing for tether is only three point
4:56
eight seven percent
4:58
of seventy five point eight five percent
4:59
or two point nine four percent tether
5:01
claims a backing reserve of 42 billion
5:04
as of 31 of march so that’s 1.243
5:07
billion so treasury uh treasuries
5:09
generally count as cash so that’s
5:11
another 944 million and fiduciary
5:13
deposits would appear to mean money in a
5:15
bank somewhere where at 7.7 billion they
5:17
still don’t say where those banks are or
5:20
if they’re even banks out there so we
5:21
don’t know if they’re lying and crypto
5:23
capital corporation
5:25
is uh wasn’t one bank is known to be uh
5:28
deltek in the bahamas but the whole
5:30
bahamas doesn’t have enough uh bank
5:32
deposits to back all of the tethers as
5:34
well too and so if you guys want to read
5:36
through this article it really just
5:37
shows how flawed usdt really is so no
5:40
financial advice don’t buy it don’t sell
5:42
any crypto we talk about
5:43
in our videos just because we talk about
5:44
it not intended for financial advice
5:46
it’s just all public information you can
5:47
read out there i’m just condensing it
5:49
down into a 20 minute video for you guys
5:51
so you can just sit there and listen
5:52
while you’re driving in your car but
5:54
i’m getting getting out of tether usdt
5:57
getting into usdc for any stable coin
5:59
holdings usdc usdc tether no no guys
6:03
it’s just a ticking time bomb waiting to
6:05
absolutely explode and you will thank me
6:07
later for that so what happened with ust
6:10
that caused this whole fiasco where
6:11
people are panicking about tether now is
6:13
blackrock and citadel borrowed a hundred
6:15
thousand bitcoin from gemini and it
6:17
appears in their loan book they swapped
6:19
25 000 of the bitcoin into ust this was
6:22
all done quietly in anticipation of the
6:24
attack when the time was right they
6:26
called up dokwein who’s the ceo of tara
6:28
foundation and said they wanted to sell
6:31
a lot of bitcoin for ust and as it was a
6:33
large trade they told them they didn’t
6:35
want to move the market and they didn’t
6:37
want to move the market which is exactly
6:39
their plan so it’s just really corrupt
6:41
behind the scenes what a lot of these
6:43
big companies do in order to make money
6:45
guys and it’s sad but at the same time
6:47
too understanding is how you prepare
6:49
yourself they ask if he would do it uh
6:51
like to buy their large he if he would
6:53
like to buy their large block of bitcoin
6:54
at a discount for usd dokwan he took the
6:57
bait he gave them a huge chunk of ust
6:59
thus lowering the ust liquidity
7:01
significantly at that point blackrock
7:03
and citadel dumped all of the bitcoin in
7:05
usd causing massive slippage and the
7:08
forced withdrawals and selling triggered
7:10
a massive sell-off in luna thus further
7:12
breaking the one dollar peg and wrecking
7:14
the market further and blackrock and
7:15
citadel can now buy the bitcoin back
7:17
cheaply to repay the loan and pocket the
7:19
difference meanwhile billions of longs
7:22
and uh bitcoin vr were wiped out and
7:24
this was pure market manipulation so
7:27
this was an inside attack guys that was
7:28
done because we’re a stable coin war
7:32
right now and the stable coin war is
7:34
because you have two sides of things
7:35
right you got the elite uh centralized
7:38
currency companies of the world and then
7:40
you have the decentralized currency
7:41
companies of the world going to war with
7:43
each other because the decentralized
7:45
currencies um gaining more power and
7:47
control through money it’s like scarface
7:48
says first you get the money you know
7:50
then you get the power then you get
7:51
whatever you want you get the women you
7:53
get the success the lifestyle that stuff
7:54
so they’re getting the money control of
7:56
the money to get the power so
7:58
decentralized and centralized on june
8:00
5th 1933 the united states went off the
8:03
gold standard a monetary system in which
8:05
currency is backed by gold and when
8:06
congress enacted a joint resolution
8:08
nullifying the right of creditors to
8:10
demand payment in gold and so how this
8:13
is related to stable coins is what
8:14
happened at this point is in 1933 to
8:17
2022 if you had a hundred thousand
8:19
dollars in your bank and you wanted to
8:20
buy something for a hundred thousand
8:22
dollars well that same item would cost
8:23
2.2 million dollars in this day and age
8:27
because of inflation so that’s a
8:28
cumulative rate of inflation of 2123
8:33
so with inflation running rampant stable
8:36
coins depending the crypto market
8:37
crashing real estate in terminal stock
8:40
market and turmoil what do you need to
8:42
do i’m going to get into that in a
8:43
little bit guys i’m going to show you
8:44
how to prepare yourself so you can stay
8:46
afloat and have preservation of wealth
8:48
and have constant
8:49
cash flow coming in but what happened
8:51
with coinbase and why are they talking
8:53
about going bankrupt are they actually
8:55
going bankrupt coinbase one of the
8:57
largest cryptocurrency exchanges said
8:58
its users might lose access to their
9:01
holdings if the company ever went
9:03
bankrupt this disclosure was included in
9:05
the company’s first quarter earnings
9:06
report and that was the first time the
9:08
risk factor was mentioned it also noted
9:10
that coinbase held
9:12
256 billion dollars in fiat currencies
9:15
in virtual coins because custodial held
9:18
crypto assets may be considered uh to be
9:21
the property of a bankruptcy estate in
9:24
the event of bankruptcy the crypto
9:26
assets they hold in custody on behalf of
9:28
their customers could be subject to
9:30
bankruptcy proceedings and such
9:32
customers could be treated as our
9:34
general unsecured creditors meaning they
9:36
would just take everybody’s funds the
9:38
company said that means users would lose
9:40
access to their balances because they
9:42
would become coinbase’s property so is
9:44
that alarming to say the least what
9:45
should you do to prepare for that well
9:47
it’s a different scenario from
9:48
traditional investments many bank
9:50
accounts including checking and savings
9:52
accounts are insured by the federal
9:54
deposit insurance corp for up to 250 000
9:57
per account if the bank goes under while
9:59
the securities investor protection corp
10:01
helps if a broker or dealer goes
10:04
bankrupt and crypto enthusiasts have
10:05
long uh
10:07
praised you know the decentralized
10:09
movement as in part a way to give people
10:11
complete control and ownership of their
10:12
finances uh that’s only the case for
10:14
those who physically store their
10:16
cryptocurrency and personal wallets as
10:17
opposed to a platform like coinbase
10:19
coinbase does offer a self-custody
10:21
wallet called a coinbase wallet
10:23
following the earnings report uh which
10:25
sent the company’s stock plummeting more
10:27
than 23 percent coinbase’s ceo brian
10:29
armstrong said there’s no risk of
10:31
bankruptcy
10:32
right now right now at least on twitter
10:35
tuesday night he attempted to reassure
10:37
users that their funds were safe and
10:38
apologize for not being more forthright
10:40
with communication uh communicating this
10:43
risk when it was added he said the
10:44
company included the disclosure because
10:46
the rules recently set by the securities
10:48
and exchange commission now i did some
10:50
time and i i looked into this for you
10:52
guys and i i looked at uh why a company
10:54
would go bankrupt and we’re going to
10:55
talk about that a little bit the
10:56
benefits for them and what that means
10:58
for you and he said there’s been quite
10:59
some noise about a disclosure we made in
11:01
our uh 10q today about
11:04
how we could hold crypto assets your
11:05
funds are safe at coinbase just as
11:07
they’ve always been now this is um
11:10
pretty alarming too because
11:12
not only are you not actually going to
11:14
get the truth
11:16
from a ceo but you’re going to get the
11:18
hey everything’s calm stay calm ship
11:21
isn’t sinking you know things are good
11:22
so i’m bullish on crypto i’m more
11:24
bullish than a lot of people on crypto
11:26
guys but that doesn’t mean that
11:28
companies like even coinbase could do
11:30
stuff that would shut you out of your
11:32
account i mean you saw what happened
11:33
with robin hood coinbase is notoriously
11:35
known for closing trading times when
11:38
it’s the best times to trade because of
11:40
volatility in the markets while the
11:41
elite are trading and making a lot of
11:43
money they don’t let the average retail
11:45
investor go in there and start trading
11:47
because they’re trying to protect their
11:48
investors right so any big company could
11:50
sell out to the sec and especially if
11:53
they’re forced to because if you look
11:54
right here the staff announcing bulletin
11:56
number securities and exchange
11:57
commission releases their sab 121
12:00
talking about how they’re forcing uh
12:02
coinbase uh to basically put this in
12:04
there so number two he said we have no
12:06
risk of bankruptcy right now however we
12:08
included a new risk factor based on an
12:10
sec requirement sec requirement that’s a
12:13
key word right there called sab 121
12:16
which is a newly required disclosure for
12:17
public companies that hold crypto assets
12:20
for third parties so just in case you
12:23
know just in case something happens
12:24
behind the scenes they just scoop up
12:26
everyone’s funds so don’t don’t fall for
12:28
the um everything’s calm on the on the
12:30
surface thing you can be calm that’s
12:32
fine i don’t believe a lot of these
12:35
people guys we believe our prime and
12:37
uh custody
12:38
services have strong legal protection
12:40
their uh terms of service and protect
12:41
their assets even in black swans events
12:44
like this well hey doe quan was saying
12:46
something similar he’s like steady lads
12:47
everything’s good everything’s fine
12:48
deploy more capital and you saw luna go
12:50
from 100
12:52
down to 99 cents so brian armstrong is
12:54
saying for our retail customers we’re
12:55
taking further steps to update our user
12:57
terms so that we offer the same
12:59
protection to those customers and black
13:00
swamp and swan event we should have
13:02
these in a place previously so let me
13:04
apologize for that so the main key thing
13:07
here as we go through this because the
13:09
disclosure making sense and these legal
13:11
uh protections they’ve not been tested
13:13
in a court for crypto assets
13:15
specifically so it’s a whole new world
13:17
that they’re still finding the framework
13:19
for and the regulation for for and it is
13:22
possible however unlikely
13:24
that a court would decide to consider
13:26
customer assets as part of the company
13:27
in a bankruptcy proceeding so with the
13:30
sec putting that out there the main
13:32
thing to uh to focus on for you guys is
13:34
if it’s not your keys it’s not your
13:38
crypto if you don’t own the exchange you
13:41
don’t own the crypto and if if you don’t
13:42
own the keys and you’re putting on a
13:44
centralized exchange they can definitely
13:46
take it from you and it can get hacked
13:48
anything could happen so that’s why it’s
13:50
super important to have a offline wallet
13:53
like a ledger you need an offline wallet
13:54
to store your crypto and then you just
13:56
remember your your keys you got the
13:58
little stick you could put the stick in
13:59
a safe you could save it for your kids
14:01
and if you’re planning on holding long
14:02
term this is uh one of the best
14:04
companies out there no this is actually
14:06
not a sponsored video i just believe
14:08
ledger is a really solid product and
14:10
they did reach out to us in the past and
14:12
you know that was a long time ago but
14:14
you know this is one of the best
14:15
products in the game for offline wallets
14:17
for yourself and you guys can go through
14:19
their website check it out ledger.com
14:20
feel free to give it a little look right
14:22
there hey ledger if you guys want to
14:23
sponsor us by all means hit us up in the
14:25
inbox do whatever you want to do because
14:27
you know i actually believe in your guys
14:29
product because it’s something that’s
14:30
going to help protect people in volatile
14:32
times like this but bankruptcy in
14:33
federal courts back to coinbase
14:35
bankruptcy is a legal proceeding
14:37
handling uh handled in federal courts
14:39
that allows businesses to reorganize
14:41
their debts same thing that 50 cent did
14:43
um same thing that a lot of celebrities
14:45
do to reorganize debts and make
14:47
repayment plans with creditors if it is
14:50
not possible for the business to
14:51
continue operating bankrupt bankruptcy
14:53
provides a method to liquidate its
14:55
assets or other people’s assets and
14:57
distribute them amongst creditors so
15:00
normal types of bankruptcy is uh chapter
15:02
seven the most common form bankruptcy
15:04
individuals or corporations can file uh
15:06
better debtors income must be below a
15:09
certain level depending on the location
15:10
if the income’s in a bank account or in
15:12
a centralized location it’s not tucked
15:14
away in offshore banks or in uh some
15:16
offline wallets or some decentralized
15:18
wallet somewhere the court provides a
15:20
trustee who takes over the business
15:22
sells the debtors assets that are not
15:24
exempt from the sale and distribute
15:26
proceeds creditors the debtor exit
15:28
bankruptcy fees from the old debt
15:30
including unsecured debt so that way you
15:32
know a lot of people are hiding money
15:33
doing this type of stuff now chapter 11
15:35
the goal of this type of bankruptcy is
15:37
to reorganize and remain in business the
15:40
debtor remains in control of business
15:42
operations individuals corporations and
15:43
railroads can file uh the debtor has no
15:46
income requirement so that’s going to be
15:49
really interesting to see what happens
15:50
with this guys and just prepare prepare
15:53
for worst case scenario it’s like i said
15:54
always expect the best case scenario
15:56
prepare for uh worst case scenario and
15:59
face the reality of what happens because
16:01
you can have your head in the clouds and
16:03
your feet on the ground and you’re
16:04
walking giant in a massive whale in
16:06
these markets that way but if you have
16:08
your head in the clouds expecting the
16:09
best and you’re feet in the clouds
16:11
preparing for the best then the fall
16:13
back down to earth hurts a lot more so
16:14
dokwan said i am the master of stable
16:16
coins and i do not approve of this
16:18
reality and you saw you know usdt at the
16:22
top usdc and then you see tara luna and
16:24
now tara luna dropped tremendously guys
16:26
so you know with him posting on twitter
16:28
all the time you know you just have to
16:30
be very careful who to listen to other
16:32
than the run guys because we’re bringing
16:33
you facts we bring you facts and we
16:35
bring you information in this and you
16:36
make up your own mind obviously us
16:38
treasury secretary janet yellen pushes
16:40
for stable coin regulation by the end of
16:42
this year the timing is very
16:44
coincidental don’t you think that this
16:47
would happen to ust as an attack from
16:49
these massive companies uh citadel and
16:52
all that and now all of a sudden stable
16:54
coin starts to come out because the sec
16:56
wants to save investors interesting how
16:58
that works guys this is all a war this
17:00
is a financial warfare we’re going
17:02
through financial warfare uh chemical
17:04
warfare spiritual warfare and an
17:06
information war right now as well too
17:08
stable coins have been a hot topic for
17:10
both on and off capitol hill and earlier
17:13
today u.s treasury secretary janet
17:15
yellen pushed for regulation during an
17:17
annual testimony in front of the senate
17:18
banking committee as a time where tara’s
17:20
algorithmic stablecoin ust struggles to
17:23
regain its peg interesting timing right
17:26
i don’t think that’s a coincidence new
17:27
products and technology may present
17:29
opportunities to promote innovation and
17:31
increase efficiencies yellen said
17:32
however digital assets may prevent risk
17:35
to the financial system and increase
17:37
and coordinate
17:38
coordinated regulatory attention is
17:41
necessary now i do agree that regulation
17:43
is necessary to protect investors from
17:45
stuff like that however i don’t agree
17:47
that you know if they’re going to come
17:49
out with a fed coin and they’re going to
17:50
make everything else obsolete just to
17:52
control people that’s just their own
17:53
form of control and
17:55
they’re going to need to be regulated by
17:57
the people in response to the questions
17:59
from senator pat toomey uh yellen said
18:02
it would be highly appropriate for
18:03
stable coin regulation to occur by the
18:05
end of 2022 because there are many risks
18:07
associated with cryptocurrencies we
18:08
really need a consistent federal
18:10
framework i really look forward to
18:11
working with uh toomey the member of
18:13
congress to devise legislation that
18:15
would accomplish that so
18:17
get ready for it it’s coming so you guys
18:18
just have to be prepared and the best
18:20
way to prepare yourself uh during times
18:22
of uh news coming out about regulation
18:24
and once they start drafting the
18:26
framework and the legal policies and all
18:28
of that stuff is to have passive income
18:30
flowing in for yourself especially
18:31
during times of volatility for your
18:33
favorite altcoins because you look at
18:35
bitcoin right here we talked about
18:36
bitcoin seeing a sell-off i do feel
18:38
there’s going to be you know a dead cap
18:40
balance and a short-term recovery for
18:41
bitcoin uh relatively soon
18:44
now how high that will push bitcoin i
18:45
mean we might see bitcoin rise back to
18:47
thirty three thousand dollars up to
18:49
thirty eight thirty nine thousand
18:50
dollars and then drop again but we for
18:52
sure are in a bear market guys uh and
18:55
the how long this bear market is gonna
18:56
be extended to i personally feel it’s
18:58
gonna be until uh november december
19:01
january or february of 2000 end of 2022
19:04
end of 2023 just based on past cycles
19:07
how it takes roughly a year to go from
19:09
top to bottom and if we’re looking right
19:10
here at the bitcoin rainbow price chart
19:13
um you guys can see that where we are
19:14
right now we’re in the buy zone anywhere
19:16
between twenty one thousand twenty nine
19:18
thousand dollars a fire sale is going to
19:20
be between zero and twenty one thousand
19:22
dollars so we are in the point where
19:24
bitcoin is very cheap to accumulate for
19:26
those of you that are felt like you were
19:28
missing out on bitcoin above 65 000
19:30
now
19:31
here’s another big key your emotions
19:34
when bitcoin was at 65 000 was probably
19:37
so excited that you wanted to buy right
19:39
when that was one of the worst times to
19:40
buy because we were in the cell
19:42
seriously tell formal intensifying zone
19:45
right we’re actually we’re in the fomo
19:46
intensified zone we didn’t reach maximum
19:48
bubble territory
19:50
like we did in the past with the
19:52
parabolic blow off top in 2017
19:55
late 2017 guys when bitcoin is nearly 20
19:58
000 so right now where bitcoin is at
20:00
it’s one of the best points to
20:02
accumulate now for looking at bitcoin
20:03
stock to flow model this shows uh where
20:05
bitcoin is in comparison to the days of
20:07
its next halfing having based on color
20:10
so you see 1 400 days all the way to
20:12
zero days and if you look at this
20:14
historically speaking um right here is
20:17
we’re in the capitulation zone right
20:19
when bitcoin was at like six thousand
20:20
seven thousand dollars back in uh 2018
20:24
during that summer and then once we saw
20:25
bitcoin fall off the shelf and go on
20:28
this short term temporary little little
20:30
fake out rally and then covet hit and he
20:32
saw the whole halving take place that
20:35
was when bitcoin was at six thousand
20:36
dollars when it was blue zero days until
20:38
the next having once it have then we
20:40
flipped back to red we started all over
20:41
again that’s when the bull run came so
20:43
the same thing’s going to happen again
20:45
just like it happened before just like
20:47
it happened before
20:48
just like it happened before throughout
20:50
bitcoin’s entire inception so this is
20:52
really simple um this is the good news
20:54
guys that okay so bad news and good news
20:56
bad news is we’re in a bear market we’re
20:58
gonna keep going down okay good news is
21:00
once bitcoin bottoms out if you have
21:02
enough cash flow on the side
21:04
you want to buy up the dip you’re going
21:05
to become wealthier than you can ever
21:07
even imagine because we’re still going
21:08
to be around during the bear market
21:10
we’re still going to be having videos
21:11
come out every single day this entire
21:13
year we have like five to seven videos
21:15
coming out per day to help educate you
21:16
guys on what to do as long as you stick
21:18
around the campfire we will help you
21:21
create passive income for yourself guys
21:23
now if you’re relying only on crypto
21:26
income that we need to help you secure
21:28
wealth in other areas because when you
21:30
look at something like ethereum
21:31
ethereum’s going to bleed out as well
21:33
too
21:34
there are no guarantees like this is
21:35
worst case scenario sure you can hope
21:37
for ethereum and everything to turn
21:38
around and pass all-time highs and stuff
21:40
however if i drop the chart from the
21:42
all-time high of 2017 it looks something
21:45
like this we could see ethereum drop all
21:47
the way back down to its previous
21:49
all-time high of a thousand bucks guys
21:51
and it could go even lower than that if
21:52
bitcoin drops to ten thousand dollars
21:54
that would be an 85 percent loss now if
21:56
we look at this upward trending uh
21:58
support line from the bottom of
22:01
uh 29th of november 2016 the bottom
22:03
during covid to come back down and
22:05
re-test that that would put ethereum at
22:07
751 dollars now
22:09
i feel that that’s going to happen no
22:10
guarantees there but i’m saving up a lot
22:13
of money in order to buy the dip and i’m
22:14
gonna wait for everyone to get out of
22:16
crypto and i’m gonna wait for the
22:17
maximum uh
22:19
financial opportunity which would be
22:21
basically at the fire sale now with
22:24
shiba inu same thing for shibini we
22:26
talked about she being if it broke below
22:27
the support it would i said this in the
22:29
other videos guys if she being who fell
22:31
down below this it would come back down
22:33
within the support and resistance zones
22:35
right here and it just wicked right off
22:37
of it right here now we could see shiba
22:39
inu just continue to capitulate sideways
22:42
maybe have like short-term temporary
22:43
rally with bitcoin but it’s going to
22:45
keep capitulating sideways until we see
22:47
some massive bullish or even even more
22:50
bearish news so the markets are just
22:52
going to keep going sideways and keep
22:54
steadily bleeding out over time until we
22:56
reach a bottom once we reach the bottom
22:58
they shake everyone out what the elite
22:59
do they come back in and they buy at the
23:02
best time for investing because you see
23:04
disbelief hope optimism belief thrill
23:06
euphoria we went through that
23:07
complacency anxiety denial panic
23:10
capitulation is where we’re at right now
23:12
we’re about to go into the anger phase
23:13
where people are going to be questioning
23:15
who shorted the market same thing with
23:16
um ust people are going through that
23:18
right now for ust is who showed the
23:20
market why did this happen why the
23:22
government allowed this to happen why
23:24
did uh
23:25
dokwan allow this to happen why the team
23:26
at tara labs allow this to happen and
23:29
then best time for investing
23:31
um i don’t necessarily feel like yeah
23:33
some people are taking educated gambles
23:35
and you see people like throwing money
23:36
back into luna and all that stuff which
23:38
i do not recommend at all and um even
23:41
like for example if you’re if you’re
23:43
looking at other products out there like
23:45
xrp and you see xrp falling it doesn’t
23:47
mean that xrp is a crap product it means
23:49
that these portfolio capital companies
23:52
that are diversified across all these
23:53
assets they sell at the same time they
23:55
buy them at the same time but there are
23:57
some projects that are in this whole
23:58
disbelief stage that’s going to be
24:00
extended and they will go back into hope
24:02
belief thrill and euphoria and i do feel
24:04
xrp is one of those projects but you
24:06
want to wait for the majority of the
24:07
market for the majority of your
24:09
decisions you wait for the depression
24:12
stage when everyone is exited people got
24:15
liquidated people are having to sell
24:16
their crypto portfolios just to pay
24:18
their rent this is what i went through
24:20
in 2018 2019 and i learned the biggest
24:23
lesson in my life because like i said
24:24
you have to spend money to gain skills a
24:27
lot of times you have to lose money to
24:29
learn lessons for yourself so one of the
24:31
biggest lessons you can learn is the
24:33
diversification lesson but it’s also the
24:35
passive income lesson because so many
24:37
people are buying nfts right now and you
24:39
see nfts bleeding out as well too so if
24:42
you’re diversified but then your
24:44
portfolio just keeps bleeding and you’re
24:45
not preserving yourself the best way to
24:47
have
24:49
income constantly flowing through is by
24:51
having a business model that allows you
24:52
to do that so in the nft space one thing
24:55
we are doing to help out a lot of people
24:57
during the bear market is we’re about to
24:59
release one of the coolest softwares
25:01
that we’ve ever put together to help you
25:03
build a business with our all-in-one
25:04
platform for online business owners and
25:06
uh you can cancel all your subscriptions
25:08
for all these other companies if you’re
25:09
an entrepreneur because we’re gonna
25:11
allow you to do a lot of cool stuff
25:13
website building sales funnels guys
25:15
email autoresponder all that good stuff
25:17
fully customized checkout experiences
25:19
and at the same time too what we’re
25:21
doing for our new nf new and improved
25:23
nft launch is we’re attaching utility to
25:25
it so it’s going to be utility backed
25:27
nfts on the ethereum blockchain that
25:29
grants you membership access to
25:30
exclusive software and perks and if for
25:33
those of you guys that want to pre-mint
25:34
these and the price is going to be
25:35
stupid low for the
25:37
mint because we want everyone to be able
25:39
to afford them to get access to our
25:41
utility into our software to help you
25:43
create passive income because yeah fiat
25:45
currency might be you know fugazi fugazi
25:48
because it got taken off the gold
25:49
standard however
25:50
in the matrix that we’re in right now
25:53
in this game that you have to beat you
25:55
need fiat currency coming in so you have
25:57
a steady cash flow in your bank that way
25:59
you can get qualified number one for
26:01
more loans from big banks to buy real
26:04
estate and to buy land and also number
26:07
two to have solid cash flow that allows
26:10
you to direct it in other directions
26:11
because it’s called cash flow for a
26:13
reason it’s called liquidity for a
26:14
reason because it’s water right your
26:16
money has to flow like water and when it
26:18
comes into your bank you need to direct
26:19
that into different streams of income
26:21
like crypto maybe stocks real estate uh
26:24
land you know you got commodities uh you
26:26
can have precious metals as well too and
26:28
then you can put that into advertising
26:30
for your business as well so i made a
26:31
story on my instagram talking about one
26:33
of the best businesses to start during
26:34
the downtime is an information based
26:36
business but it’s also a software-based
26:38
business so when you buy an nft that is
26:41
backed by utility that’s how you ensure
26:43
that your income is going to be
26:44
preserved long-term because nfts stand
26:47
for tokens right non-fungible tokens so
26:50
if you look at a project like boarded
26:51
yacht club or doodles or okay bears or
26:53
moon birds you’ll see a max supply of
26:56
items this means like tokens so it’s
26:58
tokens owners and tokens so there’s ten
27:00
thousand tokens max supply twenty
27:01
thousand tokens ten thousand ten
27:03
thousand nineteen thousand that’s why a
27:04
lot of these nfts were worth more than a
27:07
single bitcoin because bitcoin’s max
27:09
supply was 21 million so what we’re
27:11
doing is we’re having our max supply of
27:13
tokens at 10 000 unique tokens and once
27:16
we launch our tokens you guys are going
27:18
to get vip access to all that stuff so
27:19
all you have to do is go to uh
27:21
metamoneyvip.com
27:23
uh check it out
27:25
check it out and you’re just gonna text
27:27
our number text us 777 you’ll get added
27:29
to the vip text line and uh we’re gonna
27:31
keep you posted on the white list on the
27:33
closer to launch that we get but guys
27:35
listen you know if you’re down on your
27:37
portfolio right now hang tight
27:39
be patient the markets will recover and
27:42
you are going to this time right now is
27:44
the best time to become a millionaire
27:46
and even a billionaire because when
27:47
there’s blood in the streets that’s when
27:49
people get ready to back up the truck
27:51
all the way the bank grab the bags pack
27:54
them and stack them leave no bags left
27:56
behind because we believe that over time
27:58
fiat currency is going down in value
28:00
over time crypto is going up in value
28:03
and that’s the truth on a macro scale so
28:06
you just have to be ready for that and
28:07
together we’re all going camping on the
28:08
beaches of the moon so i will see you on
28:10
the next video i will see you on the
28:12
links in the description below
28:13
metamoneyvip.com
28:14
runguys.com if you want to be entered in
28:16
to win a hundred dollars and i also will
28:18
see you on the beaches of the moon as
28:20
always
28:20
stay bullish make sure you like comment
28:23
and subscribe and share it if you fly
28:27
[Music]
28:43
you
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