Selling All My Crypto?

Selling All My Crypto?

what’s up you guys it’s Matt here so I’m in the middle of like I don’t know maybe a little bit of a dilemma right and maybe it’s not a dilemma for me but just a conversation that I feel like needs to be at least put to rest Just For Me Maybe other people feel a different way but I don’t feel that way when it comes to the crypto Market there are people that believe or don’t believe and there are people that refuse to even acknowledge the crypto Market it’s not about whether they believe or not it’s just like I’m comfortable with what I’m doing I’m not saying crypto is not real I’m not saying crypto is not going to be legitimate or it’s going to fail I’m just saying I’m staying out of it you know um now obviously I’m heavy into the crypto Market I pretty much dropped a lot of things in the stock market in order to get heavily into crypto and any time I bring up crypto there’s always a conversation on what does it do for society is it going to do anything or does it do anything now and that conversation always leads to me talking about what the future of crypto will be not necessarily what crypto is right now because when you look back to let’s say what the internet was when it first got started it obvious obviously isn’t what it is today when you know people can make money off of the internet people can work on the internet um people can do so many different things and have so many different Revenue generators um you know online um that I feel like um people don’t understand until they see it firsthand it’s like you know when you you see a product like a brand new product that say apple comes out with or Samsung comes out with you obviously don’t think that that product is real until it’s in front of you until it’s in your hands until you have it or somebody else has it um that’s the same way I feel about like the Tesla cyber truck I saw a cyber truck for the first time um uh the the other day it was like a week ago and I was like the cybertruck seems real to me that now that I see it and I honestly wanted to follow it cuz it looked it looked nice I wanted to see all the different features and everything um but I don’t want to own one I don’t think I do but the point is is that it doesn’t seem real until it actually happens so what I wanted to talk about today was the comments that I’m getting related to the cryptocurrency market where people are saying that it’s all a bubble or uh the crypto Market will go to zero and it’s just not worth it and that everybody should get out of the market and I think that’s not a way to look at crypto we understand that crypto will be a big part of our future but then some people don’t believe that and they can believe what they can believe we can believe what we can believe and understandably so like those they won’t be completely left behind but they will miss out on a larger opportunity so I want to talk about you know crypto in general and if selling my crypto is the best idea for my financial situation as well as where I stand right now guys hit that like button hit that subscribe button hit the notification Bell for more of these videos also make sure you check out some of the links down below it does help out the channel and if you guys want to follow me on Twitter follow me on patreon those links are in the description now one link that I do have at the top of the description is a link from Marx honestly it’s a great platform if you’re into crypto trading if you’re not into crypto trading then maybe it’s not for you but if you’re into crypto trading even longterm term you can utilize Marx to gain yourself a lot of money by utilizing other people’s money leverage trading is definitely a huge part of investing in anything when it comes to real estate when it comes to the stock market when it comes to Collectibles you are investing a certain amount of money you are leveraging a certain amount of money and um you can use all of that in order to make yourself a lot more does that make sense anyways let’s go ahead and uh start right we have to start with these comments because I think the comments is what really brought me or brought this to my attention now if I go into my uh YouTube Studio you’ll see here from one person really when I talked about you know the fact that you only need 100 xrp to change your life forever um I say really sell and run all crypto will go to zero game over this is the the common thing that I see in people that don’t believe in the crypto Market is the fact that all crypto will will go to zero if you think that crypto is going to zero you’d be sadly mistaken and you’re missing out on a huge opportunity now did I uh think we were going to see a little bit of a crash when we did yes I did think we were going to see a pullback because we were seeing that that level to where it was pulling back to a certain area and it was going to uh have a massive support wherever that support actually was it did break through previous support levels but uh essentially I think U Bitcoin got down to like 16,000 17,000 or 15 one of the three um but it got down to a very low point and there was so much opportunity for people to make money as well as going further in what Bitcoin will be um but then you also saw a lot of altcoins that haven’t had the ability to run but did maybe run a little bit right when you talk about B&B you talk about salana those made some moves but when you talk about something like Ada or xrp maybe haven’t really made the move that we wanted to see yet um so crypto is not going to zero in my opinion this is this is all my opinion and you may believe something completely different but it’s not going to zero there’s so much use for a digital currency there’s so much use for having a different method to to uh buying different things instead of having this currency over here that’s completely inflationary we’re looking at something that could be deflationary or something that could stand flat and increase in value for the currency rather than it being a standalone whatever it’s worth right A dollar is a dollar but the price of goods will go up giving our value to a dollar a lot less when it comes to this now the value of this cryptocurrency Rises right it’s not a stable coin it rises while the price of goods are going up so that means both of them are moving in Tandem and what you own is also increasing as well as uh what you’re buying is also increasing so it’s definitely something that’s a necessity and we need to have a change to our monetary system which is going to happen so for people that believe that crypto is going to zero no it it’s not um now there’s also that question that I get where people are telling me hey you know sell all your crypto not really a question but a statement people are saying sell all of your crypto and run crypto will go to zero um they’re saying that I would benefit more out of selling my crypto now now understand the crypto Market currently stands at a $ 2.41 trillion market cap with a lot of things that still have a ton of potential going forward um but when we look at my portfolio I have about $200,000 that’s sitting in my crypto portfolios overall if I decided to sell everything what would that get me what would that get me if I sold everything in the crypto Market well I would be able to pay off my student loans I’ll be a be able to pay off majority of my mortgage not a lot of not all of it but majority of my mortgage and then I would only have the kind of the bare minimum of expenses that we would have there I would still have to pay my mortgage but bare minimum of expenses if I decided to do that but what would I lose out on I think it’s more about understanding the opportunity cost in in um you know holding the crypto versus selling it if I sold the crypto $200,000 I gain a total of $83,000 alog together all-time profit very happy with that right um but if I decided to hold on to my crypto what do I essentially gain from that as crypto does rise as crypto does um show the the altcoin season and we see Bitcoin that runs and we see a use case within many different cryptocurrencies if I see a standard what everybody believes is going to be at least a 10x right that is $2.1 million I’m Giving Up So Much in order to just take this and pay off whatever I can pay off right now that makes no sense for me to do if I saw an investment that was thriving let’s say I saw a business let’s say I wanted to invest into Facebook early early stages and everybody’s like this is going to be great but then you had a few people that are like this is going to be horrible it’s going to go to zero it’s not going to be worth anything nobody really finds this um you know as a great idea and they talk you out of that right you put in $100,000 and now that could be worth upwards of you know millions or billions of dollars and you gave up a huge opportunity because you wanted to give up on this investment right that’s not what you want right I don’t I don’t think that that’s the right thing to do uh i w not sell all of my crypto I’m not that type of person that will sell at these levels because we have so many things that have so much more room for growth that um you’re going to see 5 x’s and 10x returns and I would expect uh to become a crypto millionaire from this from this portfolio that I have however multi-millionaire is more of the full expectation uh guys hit that like button hit that subscribe button hit that notification Bell for more these videos do you think it’s wise right I’m going to read all the comments do you think it’s wise for me to sell all of my crypto or do you think it’s uh wise for me to hold on to all my crypto I asked Erica this and she came up with the right answer she said no don’t sell it all um you’ve been doing great and uh we know that it has you know a lot of potential and she she also asked me she was like what what answer were you looking for I was like that was the answer I was looking for you know you understand you understand the assignment and some people just don’t guys hit that like button hit subscribe button sign up for Marx that link is down below in the description I’m going to get out of here and I’ll catch you in the next one see you

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