 Guys I've been going a little crazy today, but welcome back guys today is August 31st 2020 it is a beautiful Monday. It is also the last day of the month. So we're gonna get those new month candles But let's jump right into this today's video is about we're doing a podcast with my man David from two classy gentlemen guys We're gonna leave all his info in the description. All right, make sure to follow make sure to like his videos Make sure to show him some love That's basically it man when this podcast we just talk about crypto currencies And we just go back and forth about some fun stuff and it's a great a great time man Appreciate you guys Enjoy the video peace and love. Oh All right, hey guys, this is two classy gentlemen podcast I'm David and the show today again We're not gonna be talking politics day because I'm tired of it But today on the show we have Jay from Bitcoin.daily. How you doing Jay? What's going on man? I'm doing great. How you doing today? Well, since we're talking about crypto I am doing absolutely terrible because I decided to get caught up in ripple before the drop happened So other than that I'm doing relatively okay. How about you? I'm doing pretty good man. I mean today there was definitely a little drop, but you know, it's Small compared to the big picture, you know, I mean yeah, that's true But before we get into all the lovely world of crypto And I do have some questions and you of course have answers because you seem to be a little bit more invested in Nigel at this point, but um, where is the best place to find you on social media? So Instagram is probably where I have the majority of the content it which is at Bitcoin daily I'm sorry at Bitcoin.daily. Don't forget the dot And we just started Uploading consistently This month on to our YouTube channel so you could just search a Bitcoin daily And just look for our page like that. We're currently we've been dropping a new video every day Well five days a week during Monday through Friday Which basically consists of you know tutorials and Market analysis, so if you guys are interested in that you can check that out pretty good I'll be in the description down below and also Okay, I knew you didn't want to really plug it that much But you do have a group as well where you guys talk and I kind of discord type thing about bitcoins going up now Would you care to go a little bit into that? Yeah, definitely. So so I have a discord group. It's basically a trade group You know what basically what it is I? share every trade I'm making live as I make it and I share, you know My own personal opinions on the market and my analysis and exact and I end my trade plans So I'm giving you I give the group, you know my trade plan With my entry exactly where I'm going to enter exactly where I'm looking to set my stop loss to exit if Doesn't go my way, you know exactly where I'm gonna take profit And all of that I basically I'm very transparent with it. I give you know, I share exact all the trades I'm taking, you know, I've been doing this for for a few years already. So I've been pretty profitable So, you know, we do it We charge a monthly. It's a subscription, but there's you know, you can cancel anytime if you don't like it or whatever And it's all on discord right now That's awesome. And again how for people who would want to know the one question How successful would you say you've been in the discord? so this year I Think I posted it in The story am I on the Bitcoin pick dot daily a story We're up this year the of round 34,000 dollars in profit Not so savvy. Yeah, not not too bad and and also we also do we trade I trade stock options as well So that's my other page profit dot daily where I trade stock options. So this is Monday through Friday 9 30 a.m Through 4 p.m. I it's the same thing. I share the exact trades. I'm making And we're also up, you know, a good amount there as well. So, yeah So if that doesn't say anything, I would suggest getting into again That will also be in the description down below to go check that out. Um, I guess we can hop into it I'm gonna cry a lot today about ripple because I was sadly a Hodler today and just completely got demolished by the market. But um, so For people who don't know about Bitcoin. I know it's still a Type of voodoo type thing taboo people still think oh, it's a cryptocurrency doesn't have anything backing behind it Oh, it's a scary thing. It's what criminals used to use behind the market And when I heard that again, this was me back in like freshman year of college going Why would I get into that and now I'm looking at and I'm like why didn't I get into that? So for people who don't know what is the whole I mean, what it what is Bitcoin in a sense I get that the pretty broad question, but like in a sense dumb it down for people like me Yeah, so I mean in in the whole idea of Bitcoin is is just a way to kind of Take the power of your money away from the government That's basically the whole idea behind it. It was created back in 2008 by an anonymous person that we like to call Satoshi and It it happened after you know the the whole 2008 Housing disaster basically with the banks and all of that That you know the government basically had to bail all the banks out and it was just a huge mess and the whole economy Just died it basically I know I know I personally know a lot of people that I know people see I see I know people on both sides people that made a lot of money and it took advantage of those opportunities and People that you know got kind of destroyed by that, you know, they were just not in a good position So Bitcoin It's basically the way that the people are taking, you know the power back from the government From keeping your money with a bank, you know Nobody knows what the bank does with their money because once you deposit your money into the bank That's it like it's not actually at the bank like people would just imagine this vault with their money And it has their name on it like oh This is this in this person's money and it's just you know a little pocket of cash And that's definitely not how it is the banks what they actually do they take your money and they trade it in the forex market So and then they make a lot of money off of your money, and then if you have your money in a savings account, you know, they pay you a very Advantages like very very What's that word I'm looking for? They give you basically 1% back on your money on your day That's what they give you your return and then with what so people, you know people like to think that it's safe to keep your money in the bank, but And then the savings earning 1% return per year But what you don't see is is the inflation that's happening at you know about 3% per year So you're actually losing 2% of your cash your cash is worth By keeping your money in a savings account, and that's one thing that people don't see so I know and I know I'm rambling on About about this I might have gone off topic, but yeah, so Bitcoin basically that that's what it is It's it's a it's a way to take your power back away from the governments from them trying to control everything and putting it in the hands of The people yeah, because I looked into it again That's a I would say that's a perfect explanation for why people should and again I'm not saying I'm not giving legal advice or trading it like again. I'm not qualified to do it And I don't believe you are either so I'm no no no People out there know we're not legally telling we're not we're not traders or anything Giving our opinion this is this is not financial advice definitely not financial advice again. I want YouTube we're cool, right? That's my opinion exactly. Yeah Yes, I looked into it. I'm like this is probably a pretty good way It seems to back when I was in December of 2019 It was at $6,000 $7,000 Bitcoin. I'm like, huh? I'm like I've seen the trend before and again I this is me just looking at it as a 22-year-old kid looking and go oh look it's down It's must probably go back up and then it went back up to 9,000 again I threw another 50 to 60 bucks into it I had like a hundred and sixty bucks in it and I got like three hundred dollars in total back I was pretty cool. So as like me saying, oh gosh the crypto game. I'm back. I'm gonna go into it I'm gonna get my coin base. I'm gonna get a little wallet through money and to ripple and then I realized that the Crypto is like the stock market in the sense that yeah up it goes down It depends on the news that's going on the day. Yeah, and that For me it opened my so I wish I knew that a little bit earlier But I see you even talked about on your on your show and stuff and I hear you talk about it I hey, there's ups and downs of the bright end is a bull flag So for people who might not know what would be considered I see it a lot in your thing And I figured out what it is eventually What would be what would like a bull flag be in the crypto market or in the market in general? So I mean, so a bull flag is just a pattern And there's also bear flags So and there's there's and these are you know, two of many different patterns that that happens if you're reading a chart You know candlestick chart And it's basically what what it represents So when you when you're trading when you're looking at charts, you're looking for a high probability setup Because that's the way that you you get your edge in trading So like a lot of people say trading is gambling and it's not it's only gambling if you don't know what you're doing if you don't You know if you don't have a plan, you know But if you're trading with a plan and you have rules that you follow you have a system that you follow Then you're in the long run. You're going to be profitable it's just basically the law of large numbers The the same way that I don't know if you play poker But poker is a game based on probability, which is the same thing that trading is and and it has nothing to do just with crypto It's it's just trading overall. So it doesn't matter what market you trade If you know if you learn how to trade one market, you can trade all markets It's just about reading patterns. So the way that I trade it I do a price action So so that's basically I trade based on how the price moves I don't like to use a lot of technical, you know Indicators and all this other stuff that all these gurus try to sell you on. I like to have a clean chart I just look at price action. I look at patterns like a bull flag So bull flag what it means is it's that it has a high probability of continuing up So that means that the that the price went up and it started consolidating and after that consolidation period It's most likely going back up. It's going to continue So that's basically what a bull flag is and a bear flag is the opposite of that was it's, you know a price drop Consolidation period and it continues to drop. Yeah, I'm thinking that again for people who like me in the beginning Didn't know what that even was and just went oh money. Here you go and then just look at it Boom boom, I saw it drop in the market. Okay. Well, it can't go down even more and then you realize Yeah, there's a bottom to the bottom I mean that would again I would have loved to seen your page before that happened But again, I sadly did not have the chance to do that and lost a couple. Let's just say I have with us I lost a couple. I'll just say that. Yeah. Yeah, it's all good man When I a when I first started in this whole thing just trading overall I started out in the stock market and I lost a lot of money, man I'm not even gonna lie. I I probably lost about $15,000 before I ever even started trading like I'm making money back Yeah, yeah, no, I mean it's it's it's definitely a game where you need you do need to know what you're getting yourself into because again, I mean There's always the like you said, there's always the taboo. Oh, it's a it's a It's a it's a high-level risk. Well, if you know what you're doing It's a probability is known what you're getting into and out of it and don't be that goes Hey, I'm gonna wait for this thing to go from 10 cents to $15 right goes from 10 cents to 20 cents That might be the time to get out and this yeah come back down Yeah What I see with a lot of new people is that they they buy when the hype is that it's highest which is you know It's normal for for I guess the the human the human mind to See all this hype and be like, oh my god now I'm gonna jump in and what happens is They jump in when the prices are when it's already taken off, you know, so so you're getting in at you're getting in too late You're getting at the end so That's what happens and they end up buying high and selling low Which is the complete opposite of what you're supposed to do, you know The whole name of the game is buying low and selling high So when you're new and you're you're not really paying too much attention. You're just kind of going off the hype You tend to do the opposite just because you're not really sure what you're doing You're just kind of throwing money in there. You know what I mean? Yeah, I mean, yeah I think people again I know you probably remember this because this has happened within the within this past year that nice little drop that happened I think it was in March or April. Oh, yeah March. Yeah March April. Yeah, I was legitimately that night All my money was tied up in the stock market So I didn't have a chance to get into the crypto but I watched it drop from like I think it was it was 9,000 it might it was it was around there. Yeah, and then it was something like that nine Thousand ten like thirty five thirty six hundred. Yeah, I wasn't able yeah I wasn't able to buy it at thirty six hundred at the bottom because it was just so fast Like it literally touched it and then just jumped right back above 4,000 but I was able to buy at 4,000 so at 4,000 I I'll just throw empty empty and out my bank account Into Bitcoin at that point I was telling anyone who would listen to buy Bitcoin at 4,000 because it was going back up You know, I don't know how many people did listen but whoever did they definitely made their money back They they made what a two three hundred percent return in a matter of what? four months Yeah, and even that night it went back to like five or six thousand so they already made Like so, I mean if When I see this type of drops it's sort of like what happened with the airlines over this patch Yeah, you see it. I the second I saw it get down below eleven dollars like let's just say I'll throw the one out I'm in an American airline. So American airline dropped down to like eleven dollars. Yeah instantly threw money into it I'm like listen. This is a long-term deal. I know I get it. It's whatever I'm gonna be pissed that I'm waiting however many months, but eventually Airlines are gonna go back up because people are gonna start flying eventually again and Maybe it gets back to not sixty dollars where it was but if it gets back to forty forty five dollars I just made basically three times the profit right just hopping in there. So, I mean, yeah See that hey if it drops of low, maybe that's if it drops if it drops extremely low And you know, it's a good thing like Bitcoin wasn't going to stay like you said at three four thousand. Yeah Yeah, that's basically called an overreaction and that happens so many times with Bitcoin especially because It's mostly, you know people that aren't really You know used to how the market moves especially crypto crypto is a lot more volatile than than a regular stock market So and because the the market cap isn't you know as big, you know as the you know The stock market it's it's easier for for the Bitcoin price to to move around so Once they see like a 5% drop people start panicking instantly then it gets a 10 You know, everybody's selling and and because of that it that's why the price moves so much But then the you know the professional traders and investors they see that and they start buying it up Because they know it's only gonna go back up. So, you know, it It's it's tough. It's a tough thing to get into But I believe if you if you're getting into crypto, it has to be for the long haul You know, if you want to learn how to trade how to day trade it in the meantime, that's that's fine But you still like I have about 30 to 50 percent of my portfolio in Bitcoin that I don't touch at all So just sit in there. Yeah based in based of what I've seen It's one of the thing and this is just me being an observer of the past couple months Just looking at it. It seems that it's going up basically every couple. It's going it's going up It's not really going in a downward trend. So I would say like you're doing right now There's no reason to really get out Maybe when it goes down a little bit toss a little bit more into it like that, but don't Get out don't unless you see like what you saw with the drop like you see, right? That's almost impossible to see. Yeah, or was I think it is Yeah news or anything on that. Yeah, you can't you can't you can't guess those unfortunately You know, I wish you could but you really can't you just kind of right. You got to ride the roller coaster You got to ride the right the wave That's part of it and it's something you just have to kind of embrace As you as you start dabbling in this type of market and just always have cash reserves on the side So when something like that happens you can just throw it in and then when once you you know Once it starts going up as it goes up take profits out and just kind of put it back in your cash reserves So that when it happens again, you're ready to jump back in, you know So you would say that probably any of this is again, you're saying this and I get I guess I would be saying it too It's a good idea to when you see the market overreact downward Buy in because you know, it's gonna go back up and since yeah Definitely has there been a moment where the markets reacted upwards in the past couple months or past What's in here been trading where it's gonna upwards and you got out because you saw and overreacts and yeah Well, the the biggest one was you know at the end of 2017 That was that was a huge overreaction that was basically all hyped up by the media I don't think at this point We're at the the hype that we were in 2017 yet But we're at the prices that we that we were you know back then, you know We're at 12 we're at basically 11 12,000 range and this is without media hype So I'm thinking if we can get over that $12,000 barrier, which is where we actually last year we got rejected at around 12,000 And we've been rejected again this year at 12,000 if we can get over that hump We can probably see, you know between 13 to 15 thousand and I think once we hit that 15,000 number just because it's such a nice whole number that people are really gonna love It's just like a psychological thing people see 15,000. They're like wow, it's a beautiful number so I think that's when media is gonna start picking it up again and That's when we can shoot for that all-time high again, and I think this time we can crush it just because of Where we're at currently without the media hype. Yeah, and would you say again? This is I'm trying to keep this show as apolitical as possible because I'm tired of it It's all for the bull crap at this point, but let's say this stimulus check Happens to come into play for $1,200 come in. Would you say that that would be I'm assuming that would be a benefit or Crypto because people are going to yeah. Oh for a moment for sure that the $1,200 I think When that happened the Bitcoin price went up And talking about $1,200 I still haven't got my $1,200 like I never received it and and I called so I called the IRS and they want me to fill out all these forms and stuff And I and then mel it in they don't even have like you can't even email it or fax it or anything like that You have to mel it in so I was like it's really weird I'm like why is the IRS so far behind in technology, but I mean either way Yeah, definitely. I believe if we get another stimulus check It's definitely going to affect the price in a good way and also with The election coming up. I know we don't want to talk about politics, but It's it's gonna be a scary time I think for the market overall for the stock market So people will probably be going into into safe havens so to speak like silver and gold and Bitcoin it will be another one that that people will be jumping into so if you if you haven't noticed by now Silver and gold are at all-time highs and at the same time Bitcoin's also been pushing up So I think those three are kind of correlating a bit. Let's see if that continues Yeah, anything and again speaking of gold and speaking of all that lovely stuff The coin that I happen to be and I keep steadily bringing up They keep saying oh, it's gonna be backed by gold soon and I just keep looking at oh cool I'm gonna throw my money into it and I keep saying oh, it's not happening is it on your opinion of trading of crypto currency? You said you've heard this whole little ripple story, but I mean this whole little ripple story before what do you think the the outcome is if Is there a chance they get the blue that is a chance to get back by gold I Hi, man, I've heard so many stories about ripple and and Ripples always moved on these These tails Basically that they've been telling to the public all the time that it hasn't I haven't really seen anything actually happen I've heard a lot of stories and rumors and you know all sorts of stuff but I don't know man. I really haven't seen anything, you know ever actually happened the price just the Ripple price just moves off of news off of the rumor, you know So I don't know man. It's a very it is a very popular coin So it's going to move just because of its popularity. I believe so You know anytime if if Bitcoin goes up Ripples gonna go up as well because what happens is, you know more, you know people that aren't too in tune with the market that they're just Jumping in what you do is, you know, you open up Coinbase you look at Bitcoin. It's you know, 11,000 and you look at, you know Ripple which is 20 something cents. You're like, oh, I'll just invest in ripple because it's gonna go up to the same price It's Bitcoin, you know, so in their head, it's gonna make sense But that's it's never gonna happen to go up that far that far up. Yeah, let's just say this I don't want listen. Hey ripple people if you hear me I don't want you to go up to 10,000 11,000. It'd be great But just go to like $10 and I can call it back and yeah, that would be insane. Yeah It's it's an insane market. It's just I look at it and I I'm starting to do this thing now and again people I don't care if you don't care if you guys crypto people out there hear me I'm putting probably a couple bucks into every different type of coin and just hoping that It's one of them takes off. Just do you throw some money into that? Well, that's I mean, I did that with um, I think it was OMG coin whatever that thing was OMG. Yeah, right when it came out and it went it went from a dollar to like 450 for that one night. I got pretty lucky on that one. I literally jumped out like yes And I just walked out like a champion Yeah, man, that's what I call playing the lottery man, you just throw throw throw money at everything something's got to give you right? But again, that's another thing it seems that when Bitcoin moves Almost every other coin moves with it in that direction whether it be up or whether it be down Is there a reason or a correlation behind that or is it just like? Yeah, man. I mean, yeah, I mean every everything everything follows Bitcoin Bitcoin is the king of this market and it's basically the how I like to compare it if you're familiar with the stock market is You know, you kind of compare it with the s&p 500 It's the same thing, you know the the way however the s&p 500 moves is how the entire market is basically moving So bitcoin is very similar in that aspect that however it moves is how the market's going to move Um And uh, you know, the the thing is when it's really when it's moving a lot um A lot of the money goes from the outcoins into Bitcoin because people want to catch that move and then when people start to take profits then it moves out of bitcoin into the Outcoin market, you know what I mean? So it has a little if you can catch that pattern and you can time it right You can definitely make money just going into outcoins and into and back into bitcoin Um, you just you just have to be able to really be paying attention and to really be able to catch those moves Yeah, it makes sense. Let me get that I've been trying to check that more and more now as I've been watching again I want to make money. We all want to make money at the end of the day So I've been checking that out as much as possible And again, then at those youtube nights at 11 12 o'clock 1 o'clock in the morning You go XRP is gonna hit 15 thousand dollars watch this video and you'll see and I'm just like And then I watch I go just so stupid then I leave. I'm like, that's never gonna happen. Yeah That's just clickbait man. That's all BS dude. Like All those dudes half of those dudes first of all don't know what they're talking about most of the time Um, they're just saying the most random stuff ever um So yeah, you just you gotta you just gotta make sure anyone on youtube you take it with a grain of salt anything you hear You know from anyone on youtube Even if they're verified guys, even if they're verified, they're oh, yeah They're still a likely change that they don't know what they're talking about. Oh, yeah Because if they know what they're talking about, would they really be talking to you about it? I mean, I Especially the big They're gonna keep the little bit their secrets to themselves not gonna tell you what the next big coin is until after the coin jumps Um on that as well Yeah, usually they're trying to pump up a coin is what they're trying to do Sadly xrp will never pump up in my it's never gonna do it for me Well, if there was again bitcoin is the rave everybody loves that coin everybody knows that coin It even goes down in the fox news business channel when you see it goes by you see the ticker for it What would you say would be in your opinion that other coin if you could pick an in your opinion What would the other coin be? Oh, you know, I like this one too. I like when this one does stuff Man honestly, man, I don't I don't trade a lot of coins because I'm I'm a believer in You know, if you just focus on a handful of coins at a time And you really learn their patterns you can just print money Because you know, you if once you you watch it long enough and learn how it moves You know all the points of interest that people are selling and buying at you can Coins you don't need to you know kind of Play the lot with with 50 different coins. You know what I mean? Um, I I see I see a lot of people like to over trade and just jump into a bunch of different coins When I first got into the market Oh, I think we lost you. Hold on. Um, you're frozen right now. Just let you know Uh, we may have lost him. I don't know Please don't die crazy Um, so My hulk Are you good still? Yeah. Yeah, I I see you you disappeared for a second though. I don't know what the heck just But we're still that was weird Essentials as recording That's weird. Yeah, that was weird. Okay. Yeah, you froze and then I was like this and all of a sudden I was gone at the meeting and then it Zoom stopped me back into the meeting and I'm like I'm just sitting here like What's going on? Yeah, I don't know. You disappeared for a second and then you came right back. That was weird. Um But but yeah, but if I had to if I had to give out some coins, um I I always suggest investing in in you know top 10 coins, um Just to be safe because everything else It's it's just kind of you know unless you're really watching it. It's it's kind of up in the air It's kind of a gamble. Um, but one thing that I do suggest people is ethereum Um, which is basically the the second biggest, uh coin When when it goes into market cap um Because it has it's a platform that has a lot of other coins built on it You know what I mean the kind of the same way that bitcoin works Um, ethereum has like I know I know uh one that's real popular right now It's chain link that just made its way into like the top 10 Uh coins as far as market cap Um and chain link is built on ethereum, you know, so um, so I believe ethereum In 2017 the high it went up to was 1400. I think it could hit that again and beyond Um, so that's definitely one that I'm invested in Um, you know, there's nothing wrong with xrp. I know I know you love xrp So I I'm also invested long-term in xrp. I'm invested long-term in litecoin um, ad a cardano, uh I I do have a a lot of different coins, but they're just Long-term holds is not some is not they're not stuff that I day trade You know what I mean? So anytime I see a project that I like You know, I I do my research on the company on what it's solving what what type of problem it's solving and If it's something I believe in then then I'll put some money on it, you know, but it's not it's that's always long term It's not something that I'm going to uh day trade usually, you know That makes sense and and again I will say this my favorite coin the one that I first The one that I first ever like really looked into and just to have fun with was probably doge coin and that's I know Oh, yeah doge It's I will say this it was a funny coin And then I realized that you can actually if you play your card or you can make some money Yeah, man, man If you if you look at it, I'll pull up the chart right now if you look at it because I've actually traded this coin several times Um, you just got to buy it in the right area You can't buy it once it took off already because you got you're gonna get dumped on But if you look at it right now the area that that you would want to buy and this is a free trade for you guys um it's uh around 26 Satoshi's From so I would say between 22 to 26 Satoshi's is where I would enter um anywhere in that area and just have a stop loss under 22 Satoshi's so um If it goes below that you just kind of want to get out, you know, you want to cut your losses there Um, but if you buy within that range you have a high probability of it going up to at least around 32 Around 32 Satoshi's with I mean, it's not huge, but it's profits, you know, I mean Especially when it's something that's that cheap you're gonna be able to get a lot of and if you're lucky It might just give you a nice little pump up to 60 and you'll double your money Yeah, and when it did that recently so and when you look at that you go and again for people who like Especially the the younger traders that like to go into when you see you get like A hundred thousand five hundred thousand a million of those you're like, oh, that's awesome. Cool. Look how many Yeah, like that's also like So if you had done that well when you look at it, that's pretty cool for a person who sees they have all how many I have Yeah, yeah. Yeah. Yeah. No, definitely man. If you like I said, if you look at the chart, it's pumped Several times every now and then it just you know, it just takes off and it goes to like 100 Satoshi So imagine if you buy at 25 and it goes up to 100 you just tripled your money, you know what I mean? So And and it recently pumped there is some sort of hype on twitter About it and it went up to 60 Satoshi. So if you would have bought in that section where I where I mentioned around the 25 range Um, you would have doubled your money that one day Yes, and I think for people who don't know it's it was literally a joke coin. It was yeah, it was just yeah, it's a meme Yeah, it's a meme It's a meme. Yep. It's unbelievable that a meme had more traction than my amazing xrp I'm gonna keep bringing that Now one in my show is even my political. So I'm gonna and xrp is down It's down today. Like always Yeah, man that the xrp chart is it's it's so funny because in 2017 the same thing happened everybody gave up on xrp and and like Finally one day it just decided to take off when like almost everybody had given up on it Like it literally went. Let me see. Um, it went two years I think from 2015 From 2015 it dropped all the way. Let me see what day January 2015 It dropped all the way until March 2017. So that was a two year a two year Of holding for anyone that was holding a bag of xrp That's a wait two years and if you waited that long You definitely made your money because it went all the way up to what like three something Three dollars something went to like three 30 years It might even be three it was in the mid threes and I was like, oh good I'm like, hey, I'm gonna catch that and then I realized that you don't just catch that you got to just Wait for it. Yeah, you just got to wait for it. So right now. It's in that same stage where it's just sleeping And it's gonna probably stay like that until everybody just finally starts giving up on it And that's when it's gonna take off. That's just how it is been public service in that one everybody give up on it right now That's just how it is man. I don't know why that's just how it's always been Yeah, I mean it I will say it's a crazy market. It's a crazy time of life. We live in now Again, I will say this it seems that is though the quarantine stuff everything with that effect Help Oh guys, this is a third time I record this the first time I uh had my mic muted the whole time the second time I kept you see how my face How the how the whole screen is a video cam I kept that the whole time So you guys couldn't see nothing third time the charm though Let's get right into it question of the day. Remember guys every video We will have a random question about something in the video The question will always be in a random area of the video like it is right now Uh find the question and find the answer post your answer in the comments for a chance to win a free month Membership to our trading room winners will be picked randomly once the video receives over 30 likes guys 30 is the magic number guys guys Guys, what am I doing out of this time, right? I left my face on the video again. I am just on another level today Um, so guys we need over 30 likes on the videos. Look at these videos right here from last week 29 likes 21 likes 21 likes 18 likes 24 likes guys these five videos if we hit over 30 likes on these five Then I will do a giveaway on each of them So that's five different opportunities to win your free month Plus this video will be another giveaway Uh, so that's six opportunities to win a free giveaway once we get over 30 likes guys Let's push for that 30. Let's do it. I know you could y'all could do it All right, so let's jump into the question of the day It is what was your favorite part of this podcast. That's it very simple guys Just answer that leave it in the comments. Follow us Uh like the video very important and that's basically it guys. Um Appreciate y'all peace and love One second, I don't know what my mouse is right now. Here it is. All right. I'm out. I'm out of here. I'm done with this Crypto market in a sense because people couldn't really go out and do Businesses weren't open and right couldn't go down to the stock market and trade so people were in their houses And they're like, huh? What's this? It's cryptocurrency. So I'm assuming that had a pretty good effect on it too Yeah, yeah for sure people have had a lot more time to you know, uh, learn and do their research and And another thing is uh, it's awakened people to to figure out how to kind of fend for themselves and make money You know investing their money um because I I feel like Most people have just kind of been sleepwalking through life feeling like they're working a safe job And then when this whole thing hit like it made people realize like wow, I'm not safe You know, how many people are unemployed right now? You know, yeah Unbelievable. Um, so what the final thing is that there's the stock market There's crypto Which one in your opinion would you feel I guess not? Safe for him, but which one would you feel like a this one's going to make me the better profit in your opinion? Which one would you say? I'm recommending something to somebody just up for your recommendation, right? Where would you think it would be the best way to go? so, I mean it's It depends how conservative the person is is usually what I what I say um, so crypto like when when anyone that wants to join crypto I always tell them look has to be an amount that you're willing to to To go to zero with like something you have to put because there's no there's no timetable for this, you know um It has to be something that you're comfortable comfortable, you know just kind of Putting in and just leaving it for a few years and you might get really really good returns Um, and then on the other hand the stock market It's kind of a safer safer bet Uh, because you can just kind of like if you know absolutely nothing about the stock market You could just put your money into the s and p 500 and in the past, you know 50 80 years whatever it is Um, it's returned and on average eight to 10 percent per year So, um, if you want eight percent return per year on your money, you know Instead of instead of putting your money into a savings account Just throw it in the throw it on in the s and p 500 and it's going to return you eight to 10 percent per year if you want If you want to you're feeling feeling a little more risky then throw your money in bitcoin and It'll return what it returns, you know, we don't know Depending on the depending on the year Yeah, it could it could give you, you know, uh a thousand percent return or zero But or well negative 100, but uh, no, I don't think it'll ever go to zero So I I've kind of taken that out of the equation. Um, but you could definitely lose 20 to 50 percent in a year, you know Yeah, I mean it's it's the risk and again, you're hoping for the long term benefits from Putting just money in it's I mean again, I would say it's In my opinion what I've been doing it seems better than the savings because again saving you're only going to get 1% in some banks. They don't even give you anything. They just go hey We're just going to hold your money and you're going to actually lose 3% instead of yeah with the interest rate cuts Yeah, some banks aren't even giving any money, man. They're giving less most banks are giving less than 1% Which is crazy to me, but hey, you know, we give them money and they walk around with it and then they give us nothing back Yeah, they spend all that money. It's not sitting in the bank. They're spending all that money If you have to make like a big withdrawal, you have to call In advance to to be able to do that. If not, like they'll they'll tell you that like we don't have that money in the bank, you know So yeah, it's crazy, man It is it's crazy again For people who don't really realize people who play video games and are robbing banks and red debt redemption too and stuff like that The money's not like that. That's sitting there in gold bars and cash, right? Exactly You gotta go and do this little bank trip Yeah, there's definitely no gold bars in any banks Yeah, I mean there's pretty much no gold anywhere in banks in general anymore. So Definitely not Definitely not and that's why we got a back xrp with gold so we can make Yeah, man, uh, yeah, we'll see what happens with xrp. I mean, I you know Hopefully this whole little conversation people going oh my goodness Let's go buy into and I'm a happy person at the end But again, I don't at this point I'm hoping it all goes well crypto seems to be the market where I'm enjoying myself and I'm making Let's let's just say this. I've made more profits In crypto than I have in the market. It's not. Yeah, I'm seeing it. That's my opinion guy That's where I've come from anecdotally. I I'm assuming you as well in the most It's at least with your trading on this you seem to be doing pretty well Yeah, I mean where I made the where I made the most what actually got me really started with everything was Because I was I was just throwing money into the stock market and and losing it basically I was just giving it away to other people and then I actually got into crypto by mistake So I hadn't looked at it back in like 2011 And I couldn't figure out back then there was also not as it wasn't as advanced as it is today So it was a lot, you know, uh, it was more difficult to kind of get into it And then back around like 2015. I believe it was 2014 15 I was trying so so the way I got into it. I was trying to I don't know if you're familiar with bovada, which is basically a gambling site So I was I was trying to Back then I was I was betting on games. So, you know, I love football basketball So I would bet on games for some reason my credit card couldn't go through And I think it was because you know, it was a gambling site I don't know but I couldn't I couldn't make the transaction. So The only other way for me to make the transaction was through bitcoin So that's when I went down that rabbit hole of how to buy bitcoins Just so that I could transfer it over to the site so I could bet on a game um, I don't know what happened like, uh I kind of uh, I I figured it out But I didn't figure it out at the same time. I couldn't figure out how to move the money. I don't I just remember I left the money in there And then uh months later I opened the app again. I was like, what is this app coinbase? What is this? I remember looking at it. I was like coinbase wallet Like what is this app? I opened it up and I had like a thousand dollars in it And I had only put in like 200 or something like that and I was like, how did I get a thousand dollars? You know what I mean? And I and then I really started doing my research and that's when I really Like I was like wow like that's insane. So that's when I started I I started buying more crypto And I think when I bought bitcoin the first time I bought it. It was around like five four or five hundred dollars And I I wrote I wrote that baby all the way up to 20,000 And I and I took I was taking profits along the way I think I ended up selling the majority of mines once it got back down to like around 15 and um and yeah, man, and I I was able to take all those profits and You know really start trading and doing different things and you know with that. So yeah Well, that's awesome. That's a great story to hear and plus it worked out for you Well, you cut the bitcoin wave and you wrote it all the way up and then you hook it down slowly and made a nice profit from it Yep. Yeah, man. It was awesome, man. And and anytime it dips. I'm always buying so Yeah, well, hopefully I'll have enough money to from this nice little $1,200 check to buy some Yeah, I Think that's a little time we have for today But again, it was a great pleasure to have you on I've been talking with you on dm's privately about like This whole crypto stuff to begin with so it was great talking to you face to face Yeah, man before we finish up. Where is the best place again to find you on youtube instagram and your um, yeah Yeah, so uh instagram is is where We get we we can answer the most messages like pretty easily because of the way they have it set up So you can send us dms. You can follow us at bitcoin.daily We also have we have we have multiple pages, but that's the main one and then on youtube just search up bitcoin daily and We've been posting content, you know every day five days a week. Um, and we're going to continue doing so You know tutorials and market analysis, uh, and we also just started I don't think anyone else is doing this or maybe so but I haven't really heard of them But we just started doing live streams on twitch So, uh, and that's twitch.tv backslash bitcoin j And uh, basically what we do probably like two or three times a week We do a live stream where we do an entire market analysis And we we do a live q&a with anyone that's with us in the chat. So that's pretty cool That's awesome. Again, that will all be in the description below and go check it out again Thank you so much for coming on. It was a pleasure having you on now I have a little bit more inside of how i'm going to trade a little bit. Hopefully xrp shows up So we'll see how that goes and remember guys always always always Keep a classy