 Hello, friends, and thanks for hanging out with us today on the Market Report. I'm your host, Benton, and we are joined again by resident experts, Jordan Finneseth, Marcel Peckman, and Sam Borgie back from the Bitcoin Miami Conference. Jordan uses his background in psychology and human behavior to spot emerging trends in crypto. Sam Borgie is our business editor at Cointelegraph, where he brings a decade of experience in economic analysis and financial market writing. Marcel Peckman applies his 17 years of experience trading derivatives options futures to the crypto derivatives markets. Fellows, what's going on this week? I don't know how we feel and Marcel, what's going on, man? Benton, everyone's getting crazy about Bitcoin dropping to $40,000 and Ethereum dropping to $3,000. But we guys have been here for the past cycle, who've seen Bitcoin go down from $20,000 to $3,000 and survive. We're thinking, what are those guys saying? There's no bear market. We're still at $40,000. We're doing great. Yeah, we're coming off a hot CPI print of 8.5%, man. Bitcoin and crypto currencies are about to shine, hopefully, at least that's the theory, right? We'll see how it goes moving forward. Yeah, crypto can't hurt me anymore. You can't break my heart anymore. I've been broken too many times. I've been around for too long. You can't hurt me anymore. You can't. But as Jordan mentioned, that's CPI running hot. They're blaming it on the Russia stuff. But CPI was rising way before that happened. So now it's time for Bitcoin to put up or shut up as an inflation hedge. So we'll see how things go over the next, I would say, three to six months. I was going to say, we got rejected from that 48K mark and kind of pulling with a back down to 40K now, Ethereum's holding right around 3K. We will see what happens and shakes out here in the days ahead. We're going up. We're going down. Marcel's got some interesting insights as to what's happening on the back end with professional traders that he's going to jump into here first. But today, we're going to be talking about some mistakes that we've learned that we want to share with our audience today. So I want to thank everyone for tuning in. I see we have Vikram back, Crypto Nitros, Adrian's here, Shelter Corgi. Thank you for jumping on the show today. We greatly, greatly appreciate you all tuning in. Hopefully, you're able to take away some solid nuggets of information that we're about to drop on you today. But first things first, we want to cover some of our headlines and what's happening this week across the Twitter sphere. But if you haven't subscribed to Cointelegraph on YouTube, go ahead and do so now. Drop your Twitter handles in the chat. We're going to be giving away the one month subscription of Markets Pro. We're going to talk about two coins that were our biggest movers this week. But first things first, let's go ahead and jump into our weekly roundup with some of the news from this week. Big waves across all spheres this week, not only just the Twitter sphere. You had Tom Brady had ESPN doing deals. You had Timbalin. A lot of celebrities, I think, are starting to get involved with crypto. But first things first, I want to hand this over to Marcel because he's going to give you the skinny on what's going on with Bitcoin and Ethereum this week from the professional trading standpoint. Again, for those who are in chat today, drop your Twitter handles in because we're giving away that one month subscription of Markets Pro. Danilo, let's go ahead and jump into Marcel's expert segment for this week. Bitcoin is back to $40,000. Ethereum back to $3,000. So basically, crypto market capitalization reverted gains from the past three weeks. And do you know what happened to traditional finance markets? I bet you haven't been looking at it recently, right? Because the Chinese tech stocks, for example, they're at the lowest levels in five years. So Chinese MSCI. Meanwhile, the US government bonds hit the lowest levels since December 2018. This means that people are selling those treasures at a loss as they realize that a two or 3% yield does not compensate for an eight and a half percent inflation. So you're basically losing money by holding those bonds. So I want to share a screen here, please, Danilo, which is going to show the crypto market capitalization in blue versus the Chinese stock market as measured by the MSCI. So the orange line, which picked right here in February at a left scale, is the MSCI China tech stocks, which pick it at 108. And you can see right now it's near 45. So it's down 50, 60% below all time high. Meanwhile, you can see there's really no correlation as the crypto total capitalization surpassed $3 trillion right here in February. It picked up $3 trillion in November and it's currently standing at $1.9 trillion. So we're doing way better than those traditional markets. And as I said, Chinese tech stocks are 60% down below all time high. So this correlation story, it doesn't go well with me. I don't buy that story. So thank you, Danilo, for sharing that. So first of all, do you guys that you guys understand that Bitcoin and Ethereum are doing fine? Do you see how the traditional finance markets are melting down? I want to hear from you guys first. Yeah, I see the correlation on the chart, even with that chart was going down. And I remember China was right around May that they announced that they were like banning Bitcoin mining and everything. And that caused a little bit of dip in the price of Bitcoin. But it seems like they just have something against their people making money off of technology things all last year. Love the Bitcoin and technology stocks that's been tanking all year. Crypto's going up. I do think we're starting to see like people will see the safe haven that is cryptocurrencies compared to the stock markets. Yeah, as we mentioned with inflation at eight and a half percent, now was the time for Bitcoin to really prove one of its big use cases. I think there could be more room for paying for stocks coming up maybe in May if the Fed decides to raise interest rates. If you take a look at Fed fund futures prices, it's implying a strong possibility of a half a point percentage increase in May. So if that were to happen, I mean, we might have some some more volatility in stocks leading up to that event. So overall, I mean, I think all of us here see that there's a clear difference between investing in Bitcoin and risk assets like stocks. But we'll see whether the institutions fuel that way, you know, because we all wanted the institutions to arrive and they've arrived and it seems like there seems to be more correlation. It might not be a very, very strong correlation, Marcel, but it seems to be you know, Bitcoin and crypto are trading in the direction of stocks, at least I would say recently. Sam, I understand that crypto traders are frustrated because as Benton said, we just hit 48000 and everybody thought, oh, we're out of this bear market. It's over. It's going to rally to 50 to $60,000 right now. So but there's a specific thing about crypto markets because those traders tend to exaggerate both optimism and pessimism. Why is that? Because they like to gamble. They use the altcoin markets. They use 100 times leverage, 50 times leverage on perpetual futures. So instead of using the traditional fear and greed metric, what I think is backward looking, I like to measure the trader sentiment using the perpetual futures markets known as the basis rate. So whenever those traders are trading quarterly futures, they would demand more money to lock in the money because other than that, they could be doing staking, yield farming and getting, I don't know, 10% per year on stable coins. So whenever they're going to sell those futures premium, they're going to demand a 5 to 12% additional money. So Danilo, can you share my screen please? So here you guys have Bitcoin premium picking at 18% in November as Bitcoin price picked, but recently it plunged below 5%. So indicating that those traders are becoming bearish. So whenever the futures premium, the Bitcoin futures premium trades below 5%, it means those traders are bearish. And that's the situation we have right now. So if you guys are right and the stock marketer, the traditional stock market is going down, it's going to plunge. Things will get a lot worse for Bitcoin and Ethereum. So that's my call. If you, if you guys think that, yeah, there's a good chance that stock market crash is happening, crypto, Bitcoin and Ethereum is not a safe heaven, at least for the first couple of months, it's going down as well. There's nothing we can do about it because we're still perceived as a risk investment. So, Marcelle, I have a lot of questions for you. Number one, what would happen in this scenario if there was a massive bond sell-off because people are like, Hey, I need to cut my losses. The CPI is up at 8.5%. These treasury bonds are only yielding 3%. Would that ever be a scenario? And if so, what would that kind of look like? Or what, what could potentially happen to the markets? Okay, Benton. So I think there's a good chance that those investors are going to realize they're getting scammed by holding a treasure yields that yield 3% and inflation is at 8%. Having said that, I don't think that they'll get this money and say, well, let's buy this Bitcoin asset, which has like 60% yearly volatility or 90% yearly volatility. You're not going to do that. That's for sure. Maybe they're going to buy S&P 500. Maybe you're going to buy real estate. Maybe they're going to leave cash position at hands. So if a crisis come up, they can buy assets cheaper. But I don't think it's going to be good for Bitcoin and cryptos in the first moment if there's an outside good flow coming out of those bond markets. It's not flowing into Bitcoin in the first period. I don't think so. I agree that if there isn't any major sell off on the markets, it will definitely hit the crypto market at least at first. But when do people realize that my fiat's learning losing all its value? I don't want to sell my stocks in the fiat. When that fiat is just losing its value, like at what point does cryptocurrency go like, hey guys, hey, right here, right here, man. Keep talking to me Jordan. That's a question that we have somebody from Canada here and he's going to give us some insight on the housing market. Because there's a point that you see a house on your street that was trading at $400,000 two years ago. And now it's trading at 1.2 million and buyers are paying 30% above the asking price. And you've got a question yourself. What is going on here? Are those houses really that hot? Is my neighborhood really that good? Or is money coming down in value? So when those investors realize that they're paying 100 times price earnings on stocks, that the house tripled prices in one year, they're going to search for other different and alternative markets. And Bitcoin is going to be an option. But that can take six months, 12 months after the crash. But I want to hear from Sam. Yeah, so I agree that if investors are selling bonds, they're not going to go buy crypto. I mean, it's a very different risk profile. Usually people who buy bonds are looking for a risk off. I was interviewing Mark Yusko a few days ago and I told them who in their right mind is buying treasuries these days. They're central banks who are buying them. So I don't think that a sell-off in bonds is going to be advantageous for crypto. But as was mentioned by Marcel and by Jordan, where do you put your money? Like, so I sell everything and I put it into fiat that is depreciating in value by 8.5% according to the CPI. And the CPI doesn't measure investable assets, it measures goods and services. So the value of your holdings is actually going to decline even further. So you actually have to hold something. And for me, I'd rather be invested in an exponential market that is crypto, exponential market that is Bitcoin. That's what I feel comfortable investing in and saving in over time. And I think eventually more people will see that. Miami was a massive event. People from all walks of life came. You could see that the builders are building in this new ecosystem. I don't see that changing anytime soon. I'm a price perspective. You have to be patient. I have another question just generally for anyone. If inflation is affecting the dollar inherently, wouldn't that also impact stable coins? I'm curious to just hear thoughts on this one and then I'm gonna switch over to the comments section. Looks like we got some fire comments going on today. Well, from a Latin American perspective, whenever I buy a stable coin, I know that it's safer than the local currency. We've seen Argentina, Venezuela, Iran and so many countries running to hyperinflation. And we had that in the past in Brazil. So whenever we buy a stable coin, we know that it's not the best asset in the world, but at least it's better than ours. Eric Voorhees just tweeted that stable coins are down eight and a half percent year over year. So the inflation number, right? So yeah, that makes sense. Yeah, if the dollar does collapse, I don't see this happening immediately, but in the future, there will be a reckoning in the whole stable coin market with any of the stable coins that are tied to a dollar. But that's something to deal with in the future, man. Yeah, Sheltered Corgi in chat here says 7% inflation, but alt coins can go down 99%. Might be better for some people to be all in cash. Is that a hot take? All in cash? That's pretty bold there, Sheltered Corgi. Yeah, no, thanks for everyone that's jumping in chat here. We're gonna be cruising around the chat today. See some people that are on shade today at folks in chat. Let's see, yo, where can I go to the beach towel with the sun? I think they were talking to you, Sam. So keep those comments flowing today, folks. Love having you tuning in. And again, we're gonna be giving away that one month subscription Markets Pro. We're gonna tell you reasons. We got two reasons why you should be subscribing to Markets Pro. We're gonna get into that later. But next that we have up on the docket is we got some stories to tell you about what not to do based on each one's experience. So we have some education stuff for everyone today. But first things first, we're gonna get started off with Sam in today's segment of what not to do in crypto. Yeah, they're always picking on the Canadian, eh? Yeah, I get it, I get it. So in terms of what not to do in crypto, I think there's such a massive laundry list of what not to do in this market. I'm gonna try to limit it to just three. The first thing, the first issue with a lot of crypto traders is that it's called analysis paralysis. If you go on crypto Twitter right now, you're going to see chart after chart after chart. You're gonna have people who are on the four-year cycle, lengthening cycle, you're gonna see Fibonacci's, Elliott Wave Theory, technical analysis, fundamental analysis, on-chain data, as if that's ever predicted anything. All of that information leads to information overload. It leads to analysis paralysis. You're not gonna get anywhere trying to make sense of every single data point. You have to have an approach to investing. Whether you're a short-term trader and you're willing to exercise discipline or whether you have a long-term approach, your portfolio has to be grounded in a thesis. For me, I like to base my investments off strong conviction. I'm in crypto for the long run, I believe it's an exponential market. My investments and my behavior mimic that. I'm not out there looking for new charts and every single data to sway me one way or the other, especially with the bull and bear narrative that we see in the market today. So that's one issue that I see. The second one is only looking at price when deciding to invest in an asset. Look, a lot of us here in crypto, we wanna make money, we wanna, we have visions of making a huge payout in the future. One of the worst things you can do is just looking at price. Oh, well, the price is less than one cent. I'm gonna go put $10,000 into this coin because if you can go from one cent to a dollar, that's a lot of money. But you actually have to look at other metrics like the market cap, how much coin is actually in circulation? Just because something is valued at 0.0069, but it has a quadrillion supply, it's never gonna reach a dollar or $1.50 because its market cap will be bigger than the entire global financial system in that case. So don't just look at price when deciding which asset to invest in, you have to look at the tokenomics, you have to look at the project as a whole because don't dream about hitting a dollar if you have a quadrillion supply. And the third issue that I see a lot of people face or a lot of people experience in this market is they get cute with trading. Getting cute with trading is a recipe for disaster because it drains you of your capital over time. As a trader, you should be focusing on preserving capital. If you're a long-term investor, of course you wanna make money over time. When you start making trades, I'm gonna invest in Zillica because it went up 300%. Oh, look, the gains are gone. I'm gonna now cycle that back into Gala from there into Polygon. Let's go back into Ethereum. It's back and forth, back and forth. You'll end up getting wrecked over the long-term. You'll slowly get wrecked. So value the high value plays, be willing to hold and be willing to invest with conviction or trade based on a proven model. Any kind of analysis that you're doing, stick with it, have a plan, and don't get cute with trading. That's it. Love that, love that. Well said, well said all around. Marcel, go ahead, I see you have some questions. Yeah, great tips, Canadian, but as usual, Canadians are too theoretical and not practical. So help me out here. What are the suggestions for traders to beat this information overload? There are just so many indicators, maps, influencers, and that are crunching companies. So what are your practical tips? Honestly, Marcel, that's a really good question. The thing is, I mean, any kind of market has the same indicators. I mean, those Elliott wave guys, for example, they trade stocks, they trade different assets. The problem with crypto is it's dominated by this bull and bear narrative. Everyone has a bull or bear narrative. You're getting dragged one way or the other. If Bitcoin falls below this level, we're in a bear market, if it goes back this level, we're in a bull, you should avoid the bull and bear market. Just remove yourself from those types of narratives, focus on fundamentals, or focus on certain technical indicators. If you like to look at moving averages, if you like to look at momentum indicators, if you're into oscillators, but have a plan. And if you like Elliott wave, for example, use that, but don't sit there and be pulled by bull and bear narratives. This market is extremely susceptible to that. And if you keep following those, you're gonna wake up one day euphoric, then tomorrow you're gonna be depressed. Because look at crypto Twitter right now, last week we were in euphoria, now we're back into gloom and doom. And the charts, you can find a chart that'll tell you anything. So avoid those polarizing narratives when possible. Yeah, I can attest to the avoiding trading and jumping from coin to coin. I remember doing that back in the day and it's just like 70 to 80% of the move comes before most of us even hear about it. And then we're like, jump in. And then it starts pulling back and the next one goes. So yeah, it's a losing battle and you just watch your stack slowly deflate when you try and jump from coin to coin. So it's definitely like a top recommendation for me too. Yeah, absolutely, absolutely. It's okay to cut trades if they're not performing well, but it's the constant chasing from one to the other that'll get you into trouble, right? Because it'll drain you of your capital. Yeah, I mean, the other thing I wanted to chime in with here is you bring up a great point with the analysis paralysis statement. I mean, my short trading career, it's like you learn to kind of really pick your two or three like solid indicators that are kind of like your bread and butter. I've tried to do the thousand different indicators and lines and charts. It's like keep it simple and you just kind of stick with your two or three that work really well. And I see Marcel do that week in, week out. And that's like another testament to keeping it simple. Yeah, Marcel, go ahead. I have a question that I'm really not a trader. I used to be, now I'm more of a holder, but whenever we're trading in crypto markets, we got to remember their high volatility. So a 20% gain or loss in a single week, it's common. It happens quite a lot for us. So how can a trader find a sweet spot between setting up entry and exit points and over trading? Because if I do a 10% gain or loss, it's gonna happen in three or four days every time. So isn't that over trading? Yeah, I don't know Marcel, there is a sweet spot. I think if you're a really good trader, you're probably getting it right half the time, just to be out of the matter, which means that half the time that you're wrong, you want to be able to limit your losses and preserve capital. So whether that's setting stop losses, whether it's cutting your losses early, whatever it is, that's just the reality of trading. Most really good traders still get it wrong half the time. That's why like you, I'm more of a long-term investor in this and I have my own narrative that I'm following and I believe in the conviction. I have a strong conviction in it and that's what I'm using. I'm investing and I'm holding for the long term, I'm not hodling blindly for 25 years, but I'm investing in an exponential market and that's what my expectation is. I'm not in it for a quick entry and exit. And are there any sources that you trust for information aside from us at the Market Report in Cointelegraph, where people can find goods, all that information is kind of condensed maybe more or just not so like the encyclopedias that are out there? Honestly, Jordan, one of the people that I follow that I really like is Bob Lucas because Bob Lucas has a four-year cycle theory and he's been on that since late 2018 and more or less everything that's happened has been expected up until the crash that we saw last year. I think for us, the big thing that we were surprised at being in this market is that we didn't get the exponential blow off top. Everything else more or less has been in line. I think if you can find a few traders that you really trust and they follow a certain trading strategy that you also employ, that works, but also be willing to study every project you invest in and again, know what the long-term value proposition is. If it has long-term value, you should be okay holding for a longer term. Definitely and I see people blown up the trap right now. It looks like Bali port. I don't know what happened today, but I hope you didn't wake up on the wrong side of the bed. We appreciate you being here. You're watching. So I've been seeing the comments float around chat today. Yeah, welcome to the show, Balapur. You're here with four different experts so thank you for tuning in. Now I wanna get into some of the mistakes that I've made and what you should not do. This is gonna be for beginners, for folks that have been around the block who are heavily in DeFi. Those are the waters that I typically sail around the most. So Danilo, let's go ahead and jump in to some mistakes that you shouldn't be making. There's something else floating around right now and it's not COVID-19. It's Moon Boy Fever. That's right. That's something you don't wanna catch, especially when it comes to your trading positions. So what do I mean by Moon Boy Fever? Well, this means when you 2X or 3X your principal investment, this means to take profits and the way that I like to do that is associate my gains with physical items, whether that be a phone, a laptop, a new pair of shoes. Associating your gains with physical, tangible items for me has made things a little bit more psychological when it comes to actually understanding where we are in particular market cycles. This is the tip. CalToro, friend of the show, taught me a while back and I've been using it ever since. So if I 2X or 3X, I have two new pairs of shoes or three new iPhones or whatever that may be, it helps you psychologically wrap your brain around what's actually in front of you instead of just numbers and digits. So that's number one. Number two for me is understanding the market cycle. So I'm gonna go ahead and quickly pull up what I mean by the market cycle. When we're looking at this, I'm gonna go ahead and show you all my screen here. Danila, if you want to mind just pulling this up is understanding what the market cycle is. I'm gonna go ahead and try to zoom in here. Market cycle is understanding where we are. These are all psychological things that happen during a typical market cycle. It's disbelief, it's hope, it's euphoria. It's understanding when we're going parabolic that it's not maintainable. Jordan's gonna talk about that a little bit later, but understanding where you are in the market cycle so that you understand how to not emotionally make decisions but rationally be able to approach your trades. And so this is something that I constantly am always referring to. Is this market cycle graph of psychology? I know Jordan is a big believer in the psychological elements of trades. So this is number two is not making the mistake of saying, oh my gosh, we're here on the charts and it could actually go higher. When we're in that euphoric state, it's gonna go down. It's just a matter of time. The last point Danila, you can go ahead and take that down is understanding how not to get involved with D5 rug pulls. I've gotten my master's degree from the School of Hard Knocks and D5 rug pulls is the name of the game. So things that I like to look out for D5 rug pulls, typically our Twitter accounts with very high follower counts but very low engagement rate. So I'm going to look in comments sections, retweets, engagements across all of their content. Typically projects that are artificially inflated will have low engagement rates but very high follower counts. So that's a red flag for me. Projects that don't have roadmaps on their website. False advertising of sponsors and investors. Anonymous teams is not always a deal breaker for me but that's definitely something that can add into D5 rug pulls. No liquidity locked. Limits to sell orders when it comes to different D5 protocols and not having an audit are big deal breakers when it comes to assessing and understanding how not to get involved in certain trades, especially D5 rug pulls. So those are my three words of wisdom for the crowd today. Hopefully it did not fall upon deaf ears. So, Benton, I've got a question for you. I've seen you saying a lot of shows that some people get two times or three times wins gains and they still refuse to sell by thinking, well, now Dodgecoin is going to $3 now that he's reached 70 cents so I'm not gonna sell. My mind that's really impossible for someone to think but yeah, you know those guys better than me but considering that this happens shouldn't that trader increase his position if he really believes that the Dodgecoin is going up instead of selling. So what's the right answer here? If the coin has gone up like 50% and you still believe on that should it be selling or buying? I mean, it all depends on your approach and to me what it comes down to is risk management. And so if I'm able to recover my principal investment from an investment, a shorter term investment maybe something that I'm not long-term hodling then yes, I'm gonna go ahead and try to get my principal back as quickly as possible. And the way that I view that is that I'm kind of mitigating a lot of risk when it comes to particular trades and then I'm able to then ride the next wave up if it is able to go 2x higher, 50% higher whatever you way wanna look at it I will have my moon bag associated with the rest of that trade. So I get my principal out maybe a little bit of profit on top and then I'll let a moon bag ride either up or down because I don't really care. I got what I needed out of it. Yeah, to your point Marcel and this is why like Sam mentioned like trading is hard and not many people are good traders because the actual psychology of trading is almost the opposite of how most people believe. Most people do exactly what you said they believe in a token, it goes up a little bit they're like, holy crap, this is going to the moon I'm gonna dump another $10,000 into this and then like a tanks which is around the opposite side traders are like, oh man, I just made some profits sell that shit. Woo, like it's really hard. That's why people don't, that's why we're not all filthy rich because trading is really difficult and the psychology of it is a bitch man. It is, it's so hard to go against the crowd and go ahead, Sam. Yeah, and no amount of trading programs out there are gonna prepare you for that, right? Don't go spending $2,000 on a trading program when they don't teach you these vital lessons but Benton, I like what you said about the DeFi rug pulls and what to look for. I think basically this pretty much eliminates most DeFi projects, right? When you take a look at the list of what to look for. Just hang, right? You're considering some of those qualifications. I mean, obviously it's like, you gotta be able to do the research and understand what that particular protocol is trying to accomplish. But yeah, to Sam's point, a lot of risk associated with DeFi. A couple more red flags there. I found like, if a project is charged, is this a fee? Like you're gonna deposit your money and they're like, there's a 1.1% fee on this or anything like that. I've never seen a project last that does that. And if they give you, if they tell you, you're guaranteed to make this return, run for the hills. There's no guarantees in crypto. If they're guaranteeing you, you're gonna triple your money and this amount of time be like, you're scammers, scammers. Like don't fall for it. There's no guarantees in crypto. Exactly right. Nothing is ever guaranteed only the moon. Marcel, go ahead. Benton, you guys speak a lot about market cycles and time in the market. But for example, back on November when there was the Bitcoin ETF approval and inflation soaring to 30 year high, I called my brothers and said, well, Bitcoin is going to $200,000. Buy Bitcoin like there's no tomorrow. The market was like $55,000 or $6,000. And yet, next month, crypto markets tank it. We all know what happened. So my question is, at what point should the great trader give up on such a trader? Is it at 20% loss? Is it realizing that he got rug pull? What is the point that he should exit all markets and sell, okay, I got it wrong. That's not the cycle I was expecting. I'm gonna let Jordan jump in here because I think he's probably had a longer experience in regards to being around for four year cycle, Sam as well in regards to like helping answer that question. I know for me, sometimes I've had to cut losses. That's part of I think the short-term trades or sometimes especially when it comes to DeFi but sometimes when you're playing a lot of those high risk bets or trades, all it takes is one and you can kind of make some of that up but Jordan and Sam, feel free to jump in here. You're learning to admit that you're wrong. It's one of the hardest things for any human to learn and that's a really important lesson for a trader to learn quick. Like man, I was wrong, ow, it's just hard. Like what you're gonna ask, like what's the perfect, how do I know? I'm like, there's no perfect answer. There's a reason it takes four to 10 years for a person to get even good at trading in a market because we gotta go through the ropes and like lose money and earn money and lose it again before we're like, man, I gotta get better at this. Yeah. I was really bullish on synthetics a long time ago and I held that baby for a long time. And recently I'm like, you know what, man? This shade in it, this ain't it. So I had to cut my losses. Like the only position in crypto, the only long-term model I've had that wasn't successful, but you know what happens, right? You just cut your losses and you move on. You don't dwell on it and you move on. Yeah, exactly right. The chat is just in Fuego right now. We got people from all over the globe. I saw people tuning in from Philippines. Wrong again is here, welcome back. Balapur, we just love to have you here. We really appreciate you trying it in today and watching because you've been here the whole time. So I gotta say, at least you're watching, love to have you, love to see it. We want you to subscribe to Cointelegraph YouTube because we're here on Tuesdays at 12 p.m. Don't forget, drop your Twitter handles in there because at the end of the show, we're gonna be doing a poll and we're gonna be giving away one month free of Markets Pro, but next thing's next, we got Jordan's segment. He's gonna drop some knowledge on our domes about what not to do. Keep your comments coming. I'm seeing all of them in here. If you have questions, make sure to drop them in. If you want particular topics, drop them in chat. We're gonna look at them. We're gonna answer your questions. Danilo, let's have Jordan go ahead and take this away next. All right, so if you watch the show, you hear me talk about a lot, talking about taking profits, but the biggest mistake I've ever made in years of crypto trading is not taking profits, especially following exponential moves to the upside or marker-wide rallies and blow-off tops. Benton showed that market cycle top, when it starts going exponential, man, take your profits. And I know this goes against the hollow nature. And this is like the hollow nature of crypto in the early days is probably one of the biggest disservices to some of the people because people just watch their, especially the first three cycles, people watch their portfolios, just skyrocket in value, only to lose 90% within a few months. And then they're sitting there like, man, I gotta go back to working at McDonald's. That's a funny meme, like the McDonald's meme because people are like, yeah, Rich, yeah, I gotta go work at McDonald's. So yeah, the hollow crypto culture, the culture of the crypto community pre-2019 made it a badge of honor to hold through up and down markets, but you lost your wealth. Unfortunately, many of most crypto tokens flame out within one market cycle. You even look at something like EOS, which had like a $4 billion raise. I remember I had it and it went up to like 20 bucks and somebody was like, take profit, told me and I'm like, nah, this is the future. What, like, oh, I just get to write that one off. So if you don't take profits, you may miss your chance completely or have to wait multiple years for another opportunity. Nothing keeps going up indefinitely, just like that chart that Benton showed. So when it's like, yeah, greed buy, greed buy, that's a greed sell, greed sell it, all right? So if you want to like get ahead of the game before you even buy a token, pick your first sell off point. Like I'm going to sell 10% here so I get my initial investment back and then I'm playing with house money that can kind of help release the psychological tension that might build up, but it's a challenging game. It's going to take you a few cycles to get it going. Also there's a major trend every time think meme cultures, meme cycles. Somebody put $8,000 into SHIB in like early, late 2019 or 2020 and it turned into like trillions of dollars. I don't remember that 20, billions of dollars, I know I exaggerate, but it shows you that each cycle there's a new one that comes up but these new trends that pop up flame out just as quick. So it's really important if you're on these new trends, like take your profits, if a meme coin's going up, if an NFT, if somebody offers you like $3 million for an NFT you bought, it's like $100 a few years ago, like sell it. I promise you you'll find another deal and like so many of those tokens have just lost all their value. So each new cycle brings a new trend in the market, new trends for fast moving, but they tend to flame out just as quickly. And these instances I like to rotate into stable coins or other solid picks like a Bitcoin or Ethereum. Those are more like my conservative long-term picks. I don't even consider those like fun crypto trading. Those are like the new benchmarks or the new safe havens as far as crypto currencies are going. So if I do take profits out a lot of times, I'll switch into them or stable coins. Again, I'm also paying attention to the whole inflation thing and how fiat currencies are doing and mining that and keeping an eye on USDT. I'm like, man, that's just a ticking time bomb. So there's all these things to take into consideration but take your profits, if you really like a coin, buy it back when it goes lower after you take your profits, all right? So Jordan, let's clear something out. You're saying that holding, at least holding for long-term is not the best strategy. Yet every single Bitcoin buyer that has held for four years or longer are always on profit for the past 12 years. So are we talking about exclusive outcoins or are you telling us about a one or two year timeframe? I'm looking at the time frames and even just kind of keeping that market cycle picture in mind. I have nothing wrong with holding Bitcoin long-term but I remember when I first looked at Bitcoin, it was a thousand bucks. If you bought a Bitcoin at a thousand bucks, watch it go to $20,000 and you're just like, huh. And then watch it go back to $3,000. You don't really care about getting more Bitcoin, in my opinion, because you would have sold some of it and bought it back because, again, nothing goes up indefinitely. I've never seen a chart aside from the human population currently that just keeps going up. And I think that that's it having its own little issues right now too. So like, there's gonna be a pullback. Pullback, like, dogecoin. I bought dogecoin at .002, .003 on Robinhood. It started going up last year. I'm like, holy crap, I sold quite a bit of it at 30 cents and then it went up to 70 cents and I sold it again there too. What am I, at that point, it was like, dang it, Jordan, you could have done better. So it's always a psychological game on both sides. Like, you sell it at one point, it goes higher, you feel bad, you don't sell it, it goes lower, you feel bad. It's like, oh, that's why you pick a profit. You're assuming that we are good traders. I would have bought Bitcoin at $1,000, saw it went to $20,000, panic sold at $5,000, and then we bought it at 20 or $40,000 again. I would have lost money both ways. Welcome to the perfect explanation of why we're not all rich traders because that's the psychology of the game. It's so hard. You can't, like, and this goes into even the analysis of promises, like, dollar cost to averaging, try and get it in a market when you're in a bear market. So it's most likely just gonna go up long-term, right? When it goes, when you got like a 10X, if it's, once it gets 10X, especially, I'm begging you people, take some profits. If it hits 100X, like, sell it, all of it. I promise you, you can buy it back later. It's just, it's a hard game to play, man. Yeah, when you're in a hodl culture, it's important to tell yourself comforting lies, you know, that most of the money's made in bear markets, right? The break even rate for miners is $6,000, you know? You learn these comforting lies, but, you know, taking profit is always important. I had to take a moment after you mentioned EOS, you know, that just brings back a lot of really, really ugly memories, you know? That whole project, you know, for those of you who think that anything's a slam dunk, EOS raised like $4 billion in an ICO, $4 billion, and the project has really done nothing since then. So just perfect example of hype and not a lot of substance. Yeah, and that's the nature of the crypto market. Most of these tokens ain't gonna be around long term. Go ahead, Benton. So like Jordan, like I just had a curiosity. I know next week we're gonna be diving into, you know, some of our portfolio allocations, but how do you like to view when you're looking at like what you're holding? Do you have like a portion of it's like, hey, this is long-term hold no matter what? And then this is kind of like my short-term, you know, trades, like how do you like to view that? Yeah, even now my whole strategy is still evolving. I've definitely kind of consolidated into some coins where I'm like, these are solid projects, like Sam mentioned earlier, I've done research on them. I think they got long-term value. And even then I'm like, yes, they could still go away. But I have a bigger holding in that. And a lot of them, my biggest holdings in my portfolio, I probably put an original less than $2,000 in and I've just held them for years. So holding is, but I bought Theta at five cents. Man, at this point I'm like, man, I wish I would have sold at 14 because then I could have like seven times more Theta right now, right? But that's just the nature of the game. I'm still learning it's evolving thing, but pick, like do your research, pick the things that you think are good long-term and then kind of stick to your plan. As the whole market evolves, I adjust my strategy. I like this coin hasn't done anything for two years. I'm gonna sell that. What do you mean I've been holding synthetics for this long and it has been underperforming? Time to rotate, right Sam? So it's always an evolving process. Oh, I got the hell out of there, trust me. Yeah, we've all had our wicking our wounds moments and crypto wouldn't be crypto without it. And so for those today watching, just wanna reiterate this, these are our personal views and opinions. These are not conducive of coin telegraphs, thoughts or feelings. So these are each of our individual thoughts and opinions. Folks, it's almost that time to get into Markets Pro and do our giveaway today. Drop your Twitter handle in the chat. People are just chiming in today, love to see it, love the action in the chat today. Looks like Cells With Dips has some thoughts, some feedback for us. You've been there, I've seen it, you know? So like, hey, we've all been there. Next thing's next though, we got Markets Pro coming up. We got two tokens you should have watched. You wanna know what you should be doing? You gotta get into Markets Pro. That's why we're gonna tell you about the two biggest movers with the newsquakes and vortex scores. So Danila, let's go ahead and jump into the Markets Pro report for this week. All right, fam, did you have your eyes on Zillica? Ooh, maybe you should have because our newsquake service caught this one. This was a double header newsquake. And if you're not familiar with the newsquake, what is it? Well, they're automated alerts that instantly notify the users what happens when market moving events take place. So this week, we saw these two newsquakes, the back to backs. Well, what happened? Well, the first announcement with the partnership Crypto Slate Zillica was followed by the launch of a Zill TRY, which is the Turkish lira pair on Binance. When you see those listings happen on Binance, you typically see some price action afterwards. Well, what happened was this moved from 12 cents to 13 cents in over just over 24 hours. That's almost a 10% gain. That's huge when it comes to these type of markets that we're in volatile times, means you gotta have markets pro to be able to spot these types of trades. So moving on to our next token that you should have been watching this week is trading under the ticker PRQ, that's Parsiq. And this one was notified through our Vortex score this week. And the Vortex score is a comparison between its current market conditions and social conditions of those in the past. A Vortex score around 80, typically is considered confidently bullish. Well, conversely, if it's at 30 or below, it is bearish. Well, what do we see here on the chart? We see that this thing jumped up to 78 Vortex score. That's a screamer. And what happened? Well, 78 led from 26 cent gain all the way up to 37 cents and less than a day. That's the magic of markets pro. That's that Vortex score coming into play and you saw what happens when that thing spikes up at 80. You typically get some price action afterwards. So that's why you wanna have markets pro folks. If you're watching today, you haven't tried it out. That's why you wanna drop your handle in the chat because we're gonna be giving away one month subscription so that you can try it out full blown and get the full experience of markets pro today. And we got a hot topic today, guys. We're gonna open up the poll, I think, to see who had some of the best advice today of what not to do and we got hot pockets. So first, if you haven't gone to store.cointelegraph, I saw somebody in the chat earlier talk about his swag. We all got the swag. Jordan's rocking the Bitcoin shirt today. Go to store.cointelegraph if you want some of the hottest swag on the market. We got shirts, we got Bitcoin, we got Ethereum. You name it, hoodie, socks, shirts, hats. We got it all. It's all there. Sometimes we'll be rocking some of that swag on show. I think Jordan, is that a Cointelegraph shirt? No, this is a different one, but I'd worn all my Cointelegraph ones and they're all dirty. The guy he likes to do laundry, we gotta respect that. You gotta rotate the shirts in and out. All right, the poll is live. So the question I have while we're waiting on the poll to close here, what are some of the things that people should look out for when investing in a token that maybe we didn't discuss today and some of our do's and don'ts? Who wants to take this question first? I can start. No, Jordan, you go first, please. Don't FOMO. Don't FOMO. If it's going up, if it's going up a lot, like just chill out, folks. Dang, man. I've lost quite a bit of money, FOMO, and I'm like, oh, it's nothing. Like he put some money in and then he just loses like 90% of his value, like, oh, that's a special kind of hurt. As Sam said earlier, there's nothing more crypto can do to me, right? That's good. That's it. Exactly right. Marcel. I think Ben's actually researching the project, guys. Research the projects, research, you're getting yourself into, please, grounded in an actual thesis, know what you're getting into. That lines up with what Jordan said of not FOMOing. I mean, it's all part of the same package. I'll go against the grain here, Benton. I'll say, don't listen to any influencer, to any analyst, even if it's Plan B, even if it's Michael Saylor or whatever, just do your own stuff. If you truly believe in a coin, if you truly believe in a project, if you truly believe in whatever it is, invest in it. As Sam said, do your research, but once you believe it, just stop hearing other people's opinion. Don't care. They're not gonna handle the risk for you. If you lose money, you're on your own, so you gotta make your own decisions. Yeah, that's so true. Yeah, speaking of that, Marcel, just at a greater level, we're kinda trained in society to trust the experts, whether it's a doctor or a professional investment advice. I'll attest to, I would have made significantly more money if I had just listened to myself and stopped getting other people's opinions over the last three or four years. Just tracking myself, I completely agree, man. Very good points. I'm gonna try them in here though, things to look for. We didn't mention the utility behind the token today. And the narrative, I know, Marcel, what's that? Well, yeah, the actual utility of the token. Oh, yeah, that's important, too. Hey, you got folks watching today that may or may not have gotten into Dogecoin or Shiba or this or that. It's like, I think understanding what is the real purpose behind some of the utility of these things instead of just buying a brand or kind of like aimlessly throwing money into a token, like really drill down and read the white paper, read the get book, go in and actually understand how a lot of the mechanisms work and what that token is being used for inside of the ecosystem. That would be the one biggie for me. But yeah, those are good thoughts, though. It looks like we had our poll. And Adrienne, is that closed yet? We got Adrienne, we closed? No, okay, it's not closed yet, but Sam's in a just massive runaway here, 67% of the votes today. People just, they love the insight, Sam. They loved it today. That's great to see. Any other closing thoughts today? We have some things to say, though. Hey, all right, Sam, I'll let you take it away with our closing thoughts today. We got to give away our Markets Pro subscription. Sam, though, any closing thoughts? I mean, look, this is, I'm just emotionally drained from this market having been it for the past five or six years. It's one of those markets where the more you invest, the more risk you take, the more it's gonna weigh on you. So in addition to what we said that the mistakes to avoid, you should also keep in mind position sizing, right? Don't put all of your net worth into crypto because you're not gonna be able to stomach massive volatility. Invest a decent portion that you can feel comfortable not having to look at the price every single day. That's one thing we didn't talk about, but it's really important. Yeah, after being in the market, after being in the market for like several cycles now, I can appreciate the bear markets. And I understand why people appreciate the bear markets it's a standpoint like, this is about 20 years meditating psychology background. So I can deal with the stress, but it's like, it's hard. And most people can't really function in such a volatile emotion driven market that is cryptocurrency, especially if you're spending any time on crypto Twitter. So like unplugged sometimes, crypto ain't the only part of life. Take a step back, enjoy other aspects of life and just realize like, yeah, the crypto is gonna go up over time, but it's still an early market. So we got a decade or at least a pain ahead of us, right? So just accept that and then get to having some fun in life. Real quick, I wanna try it in. No one has dropped their Twitter handle in chat. So first person do it today is gonna win. Just saying, Marcel, any closing thoughts? Well, I'm gonna leave a message here. I've been trading crypto for five years and over these five years, I had at least one long or short leverage open position. And over the past week, I decided, hmm, things are looking so sketch on traditional markets that I'm gonna stay out of leverage for a month or two. So life has been better. So if you're too tired of trading, sell it out, get out of the leverage trading, just have your long portfolio holdings and relax a bit, a week, two weeks. So getting a time off is good. Exactly right. And I wanna remind folks who've won previously for Markets Pro, make sure you send us a DM. I think was talking to one of our social media managers and they were saying that your messages were not open. So we couldn't send you the Markets Pro subscription. But looks like, yeah, I don't know if we have a winner today for Markets Pro, guys. I don't see any Twitter handles in chat. So I guess we will go ahead and skip that for today. But yeah, thank you all for tuning in. This has been real. Don't do the stuff that we told you today. That is non-financial advice. This is just general advice. This is life advice, guys. We appreciate everyone for tuning in today for the Market Report. And we have an exciting show lined up next week about we're gonna be talking about our portfolios and what is allocated where. So it should be a good show for you. Thank you all for tuning in. Until next time, this has been the Market Report. Over and out.