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#XRP #Bitcoin #Crypto
Today has been a crazy day for crypto I mean one of the craziest Parts was that everywhere on Twitter people were saying that binance was going to take some stuff down to be particular people said that binance was going to seize all leverage trading very soon and now
Looking into it for the most part the only thing I can find and I texted with binance is that they’re taking down some leverage tokens so just a delisting of some tokens that in it had some leverage you might be wondering Dusty why is that little thing over on the top left that
Show not no ifications thing still here I’ve clicked it’s gone um anyway so just a couple of coins BTC up BTC down yada yada y they’re being taken off over in the beginning of April and honestly this is a very big nothing Burger it means nothing oh a couple of coins are are
Going away all right story of a lifetime I guess but Twitter took that significantly differently anyway all the while people are like worrying about the wrong thing I’ve talked about it before right now I’m only focusing on buying the the right all coins but I’ve noticed
From some people and they ask me the question what’s going to happen as the economy takes a big sh blam and the answer is I don’t really know it’s really hard to say if crypto will do good or bad after a massive economic collapse because historically there’s been a really pretty tight direct
Correlation between the S SMP Dow whatever and Bitcoin however as ETFs have opened up more and more people are looking at it more as a gold as a Haven against an economic collapse on the opposite side let’s say hypothetically speaking that a massive collapse of sorts were to happen people would be
Skeptical all around taking the money they can get hoarding it and perhaps not be in the mindset enough yet to put it into a safe haven or a hedge as Bitcoin be because perhaps they’d be realizing a lot of profits at that point right to kind of combat all the losses on the
Opposite fields for example anyway you’ve got to sometimes think about that what if indeed the economy takes a really really massive Pitfall cuz I’m going crazy on crypto right now am I prepared for that am I prepared for crazy higher prices all across the board
Am I prepared to lose my job and I think that’s why a lot of people are in this crypto space to make sure they prepare themselves for crazy things which are about to happen now I think another little shock will be met in the markets over the next few weeks as the fomc
Meeting rolls around the 20th is of March this month we’ve got nothing but talking about important days and important deadlines we got to talk about xrp and now before we move on I want to quickly talk about our partner for today’s video that is called tracks and Traxx has got something really
Interesting it’s a leading fren regulated crypto index trading platform it’s got some really interesting features like for example being able to buy an entire crypto basket with just one click so for example top 10 metaverse cryptos you don’t have to go around and look for every single one
Coin there are baskets that you can just buy the whole thing with and I guess the best way to compare it is right now we’re all talking about the next big ETF coming for guys like Black Rock right we’re talking about an ethereum or perhaps a altcoin ETF well this is
Something kind of similar to that where you are again buying a whole basket of different cryptos and it can be done in a lot of different sectors and has rebalancing as an example so to give you an overview of what that might look like again here top 10 crypto or for example
Growth or just Bitcoin for example or balanced for example or hey AI press learn more and then it sends you over into the platform itself where you can indeed choose exactly which area you’re watching like for example hey artificial intelligence and then it lists exactly the five in this case components making
Up this quote unquote portfolio or again like it was called basket or if you’re pressing centralized exchanges it’s got a couple of different coins in there it’s also got things like a balanced crypto portfolio for example and I think this could really work with a lot of
People that are willing to get into crypto but don’t fully want to be responsible for picking every coin themselves or who finds it difficult or too timec consuming and again these guys are properly regulated over in France with the French AMF so they’re not a joke and one thing I personally find
Quite cool it’s it’s a little bit over on the bottom left here is that they also adding I guess this is just the star of more is coming things like staked mic so I’m presuming they’re going to be adding more and more staked tokens in here as well for people that
Do not know how to stake themselves anyway right now as it stands they have got a token sale going on that is integral to this entire ecosystem system that’s like being able to buy like an exchange token early sometimes it does really well has to do with governance
They’ll be having BuyBacks it helps with your API trading rates get discounts on fees and Priority Access to new Services you can read more about it right there and now they’ve already raised I think $3 million as it says right here of $3.3 million and right now they’re in Phase
3.2 I think perhaps there might be one more tiny phase afterwards but every single phase the amount of money necessary to uh get in lowers but the price increases ever so slightly and they’re doing only a pretty small raise of only $100,000 here and honestly guys
There was so much more to cover but obviously I don’t want to take up the full video so if you’re interested in the platform or the token check out the link down below again most of my own investing is in these early type of rounds not Financial advis though do
Your own due diligence let’s move on with this video so to continue on with the xrp story cuz it’s interesting is we’ve got another deadline here coming up really shortly I think tomorrow officially is the deadline it was originally February 12th but it was uh pushed further as revealed in the
Request for an extension of time Ripple has already produced its 2022 2023 financial statements and responded to the sec’s interrogatory about post complaint proceeds however the crypto firm had then asked the remedies related Discovery deadline to be extended to February 20th because of the burdens and difficulty in collecting and producing
Those contracts by previous deadline of February 12th once this discovery stage is done tomorrow the case is expected to proceed to the remedy related briefing stage where the SEC addresses the courts on its findings you know whatever Ripple was able to put up in documents from documents provided by
Ripple the commission is then expected to make certain demands from the court regarding the penalty that should be imposed on Ripple and a lot of people are thinking that it’s potentially going to be a number in the 700 $800 million ballpark but most likely significantly lower from what I heard from most people
Because their initial demand usually kind of gets cranked down uh then again like I was trying to say a lot of people are saying that that’s going to be the moment where the Paradigm shifts from Ripple and xrp being seen in this bad daylight to now it being over all the
Case everything being out and now finally being able to move upwards and forward Again by the way every single time I make an xrp video when I look at the comments the amount of people saying they’ve given up or they just can’t sell it is insane but let me tell you the
Reason I talk about it so much is because I got a good chunk of xrp but also because really at the end of the day you’re not here to please Ripple you’re not here to please people with such huge amounts of xrp that have held from 0.1 you’re here because you think the
Investment is going to do wild and the reason I talk about pre-sales like earlier in the video so much is honestly honestly honestly because it’s just one of the better ways to make money and when you’re selling a crypto you’ve known and love for a while uh for
Example I’ve got a juicy amount of xdc in my portfolio I’m just kind of looking through here for uh for funds and even though XTC has the potential to do wild I don’t mind selling it to some extent um har bar it’s done really really well for me I’ve made tons of
Profit of harar I don’t mind selling it if there’s an even better opportunity on the short term because I don’t feel anymore right this idea of oh I wish I held it I’ve made that mistake so many times you can only work with the information you have at that exact time
If there’s a juicy opportunity I need these funds I need to move them right now I could never sell all of my whatever coin XTC H bar Etc but let’s just say hypothetically right you had $110,000 in it I I could probably shave off a couple thousand doll let’s say
Three or whatever so lowering that position by a chunk to go for a new opportunity because now I’ve got $3,000 again I might put into 10 different cryptos $300 each which can again multiply to crazy numbers over time that would yield way better results than only
Holding one not always the case but as the crypto Market progresses if you’ve got all your funds stuck in one or two different coins it’s it’s not my way of doing this I buy as many pre-sales as possible as many as possible not Financial advice that’s what I do and go
Crazy on AI coins and that’s like my dayto day side note apparently fixed float just suffed a 2,000 ethereum drain wait two H the hackers move oh never mind the hackers moved the stolen crypto to multiple deposits on X I’ve never heard of that before creating a false
Trail to two hit hit BTC addresses uh and the thing is I was just texting my friend yesterday that hit BTC used to be my main Exchange a few years ago and I don’t remember my um email or my password I’ll look it up next week
Probably cuz back then I had a different email for every single thing a different phone number uh different email different everything still if you know my security measures I think a lot of you guys would say I’m a freaking paranoid nerd but then I sometimes meet
People that are as double as crazy as I am and I kind of get you know happy I guess to some extent I get disappointed that I’m not the craziest on another end I’m like wo what people do perhaps I do as well is buy new laptops every single
Time so you only have to open metamask or whatever once and then never let it touch the internet and never open the laptop again never touch it at all and so one of my friends is like what 20 laptops or so it’s kind of funny I asked
Why what’s the what’s the point well and they serve different purposes different ones because you can just always keep the private key right but different ones for different purposes and kind of like a backup thing if you only have one laptop and it breaks you want to have
Multiple he just takes it Overkill I don’t think it’s 20 it might be just 10 or 12 and I don’t fully understand exactly why point being as the crypto Market progresses the hacks will also keep getting crazier something you’ve got to understand and I don’t really have anything to tell you here except
For be wary be careful I always talk about farming these airdrops and using these dexes providing liquidity Etc but you know with that territory also comes the darker side which is you’re opening yourself up to more hacks and more fraud and more things of that nature another
Little side note I’ve been here for 10 years right one thing I’ll tell you as well it’s kind of funny if you now decide to not you know take take let’s say for example $1,000 you put $100 into 10 different cryptos 10 juicy cryptos you put it in a metamask you never look
At that one again for like a year or two uh sorry no specifically eight months you know what’s funny is that probably when you look back it’s going to have a crazy number on it but the hard part is just being able to hold through for the
Next few months or so and if you wait 2 years it’ll probably be lower than whatever you have in it right now now but to some extent I think as well we me and a lot of you guys are micromanaging these crypto portfolios every single day
But if you just pause take a little breather look back in a few months probably they’ll all be up so so so much one of the biggest coins in my portfolio as well by the way Stacks is also doing amazing you know what’s funny um I actually have only used Stacks I think
Three or so times and the reason I’ve got such a ton of it is because there was a protocol I don’t even remember the name that I talked to you guys about a little while back when I was making a airdrop tutorial video and for those tutorials I always take hours and hours
And hours of research but mostly hours and hours and hours of effort in me figuring out how to use all these different protocols and for one of those videos I went to do all sorts of different protocols one of them being uh four stacks and so I just had to lock up
A ton of stacks and the yield is pretty juicy but the majority of my stacks was bought below I think 80 cents or so I made a video about my top alt coins uh I have it on the side here give me a sec n it’s not relevant I made the top coins
With Stacks in it too many times so let’s just say it like this I’ve talked about Stacks a lot and it’s just sometimes nice to see the results be shown this quickly and so exponential especially when the coin is just this huge and it’s this accessible to
Everybody but that proves my point of don’t sleep on the craziness of the crypto Market just now many coins will be hitting their ultime High soon enough we’re in bull market territory it’s not a bare Market anymore I’ve been saying this for over a year cuz when the prices
Came down at some point you have to realize now is the time to buy back in go a little bit crazy cuz obviously you don’t know when things are going to turn back around but at some point you realize it feels like we’ve bottomed out so you start buying back in you start
Getting more and more excited and at some point the threshold I think was like 25,000 or so uh maybe it was higher maybe it was 35 I don’t remember but we started getting so bullish that you start diversifying diversifying more at some point you realize yep alltime Highs
Are definitely going to be coming and the cycle that we always talk about on the channel most likely will keep on replicating itself and yeah I still believe that cryptos are on the up and up and up if you don’t believe it don’t worry about it but I do and that’s it
For this crypto video hopefully see you guys again another one tomorrow yeah that’s about it
39 Comments
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AMS94K ๐
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