I think it is more likely for BTC, ETH, to retest the resistance to the upside and then move lower. But as always, things change on a daily basis and all we can do is to trade responsibly and keep track of the markets and re-evaluate our strategies frequently. I want to thank you Seren Wintersun. For being my source of crypto education, As I am comfortably making 9.5 BTC.
Trading without professional guide... Huh I laugh you, because you will remain where you are or even make huge losses that will stop you from trading, this has been one of the biggest problem to new traders.
Investing has proven to be an incredibly beneficial decision. My cryptocurrency profits continue to play a substantial role in growing my overall wealth, reducing my reliance on my salary.
I think that's somewhat true. Nobody knows exactly what will happen, but you can effectively map out general directions the more you zoom out. For example the ETF going live was a clear opening for a new wave of capital to come into the space. You might not know for sure it would cause prices to increase but you can guess that it'll have a positive impact.
Bro I haven’t watched you in a long time cause the content I felt was average IMO-but now it really seems like your hitting your stride this vid was good …great story…10,000% portfolio is insane 10x is a lot ..more great content pls- as we move into this bull market !!
Thank you! Yeah unfortunately sometimes what makes the most useful content isn't always the most entertaining. I try to strike a balance but only make like $700 from my RUclips so lean toward making sure I'm focused on genuinely being a good investor first and foremost as thats where I make the vast majority of my money. Really appreciate the comment🙏🏻
He's bringing probably 20k + monthly and knows how to scale attention, even if it all collapsed, he'll be back. Wasn't that risky from his position .something he did before getting famous was probably more risky
I'm pretty confident if my bet didn't pay off i'd of also lost my credibility, audience and viewership. Also I make like $700 a month from youtube. But you are right that I didn't think it was that risky. Already did my $1 to $1,000,000 journey and confident I could do it again at this point. Also it's not like crypto was going to go to zero, maybe it would've dipped 30%, rough but recoverable.
But I'd be careful copying. Really is about more than just picking the right tokens. BTC has been the "right" token since 2010 but many have lost a fortune investing in it.
A lot of the big companies that had crashed at that time were over leveraged ands only thought the price would only go up but they didn't factor in the historic 60-80% after ath crash bear market
@@jesseeckel2 yes PASG is another project utilizing akash, Passage offers world-class virtual experiences for education, entertainment, events. all in browser without downloads. by using the GPUs in akash
Educated gambling almost day trading / timing the market (buying low, selling high, taking some risks). A broken clock is right twice a day. :P For some reason the showing receipts part of the video made me think about sports betters showing receipts to gain followers who end up losing money. Don't get me wrong I followed you for a little while and enjoy your crypto deep dives while at the same time you have a crypto pumper vibe which is infectious but i'm a lot more cautious as of late and i'm done dumping money into crypto and holding what I have and letting it ride
I don't day trade. I buy and hold pays for the entire cycle for the most part. Many of the positions I hold i've held for the past 2 years. Certainly some people can get lucky and get some things right. However holding onto your money across multiple cycles, through countless dips and growing it is more than just luck. I'd lean the opposite and say that most people don't do this not because they're unlucky but because they haven't put in the work. Crypto is tough, and you can't just haphazardly throw money at the market and hope to win (which is what most do). I'm not sure what you mean by crypto pumper vibe, but I genuinely do everything I can to encourage people not to copy me, and try to educate people that investing is about much more than picking the right tokens. I like to point out that Bitcoin has been the right token since 2010, and yet despite basically going up only countless people have lost fortunes investing in Bitcoin. It's good you're being cautious, you should be. Good luck.
Personally would not recommend for others. I genuinely put in a ton of work and know what I'm doing. Even if I'm directionally right you could still lose money. BTC has been a directionally a correct bet since 2010 and yet countless people have lost fortunes investing in BTC. You have to respect the market and the difficulty involved. This is a 15 minute video and doesn't reflect the years of work involved to get where I'm at. That being said taking zero risk, is in fact a risk within it's self. But find balance.
@JesseEckel just a tip, you're still new to the space (or a newbie), you got lucky and you're overconfident (if not arrogant) Take profits (I'm not saying all) but take some off the table. You might regret not doing so. If you do succeed. Don't forget, lots of people are struggling in poverty because of the accumulation of capital made by most workers paid with crumbles, so be kind and redistribute.
Hey thank you for what I assume is a well meaning comment. I'm actually not new to the space. I've been in the space since 2017. I made a ton of money in 2017 and lost it all. I had to learn the hard way to have proper risk management and really take the time to know what I'm doing. I spend hours every single day diving into research, the markets, macro, etc. Although you're getting a 15 minute recap, keep in mind this took years of work. People are struggling in poverty not because of the wealthy, it's in fact due to the entrepreneurs, builders and risk takers of the world that we have so many of the innovations we have today. Innovation is a deflationary pressure making services and goods cheaper over time. People are struggling due to the way the governments of the world manage their finances. It used to be when a government wanted to spend they could only spend as much gold as they had in their treasuries. Today when a government wants to spend they can print money, effectively reaching into the bank accounts of every dollar holder and siphoning away value. This is what pushes real estate to unreasonable levels due to the monetary premium that gets placed on it. This is what causes the cost of everything to continually go up while wages lag behind. Monetary debasement and regulatory capture is responsible for the vast majority of imbalances you see in society today. The free market does an amazing job at making things better and cheaper. The government loves to point blame at billionaires "paying their fair share" when if you were to confiscate all the wealth from all the billionaires in the US it would be enough money to fund the government for just 9 months (feel free to fact check this). Billionaires and the wealthy are a great scape goat, the government often uses to obscure their own actions. A really great book on this is "Broken Money" by Lyn Aldan if you want to dive deeper.
@@jesseeckel2 sorry i thought you were new, was just trying to give you some advice. And no according to data, the wealthy aren't doing shit. 80% of them inherit their wealth, when they don't they steal it from underpaid workers. that's why when there's a general strike, there's no capital. In theory, a revolutionary general strike was meant as a peaceful weapon to give back to the workers the ownership of the means of production. That's why the wealthy are so nice to unions, to workers in general, and gladelly repress any demands by violence. There is no such thing as "entrepeners" that have ideas that don't demand the work of others, or ideas that aren't a combinations of other's ideas. What you call innovation of one person is a myth. Take the manhattan project (which was a mistake clearly but that's another topic), it took several minds to make it happen and lots of workers too. Its called collective effort. One person can't do shit. Let's take the trajan tour : it took 300 workers 1h to make it stand. But one worker, working 300h won't. If you're wealthy you're not taking any risk. you take risk, when you don't have a home of your own, not enough food in your fridge and you might end up dying in the cold of the streets yet you risk your life and your family's life to go trhough what the wealthy deprived you from : freedom. That's risk. And if you lose you're job, its not just a job, it's your life and your family's life on the line. That's risk. Funny enough, if I were to take the wealth of the billionaires of my country it equals to the percentage, the amount of people under the line of poverty
@@jesseeckel2 sorry i thought you were new, was just trying to give you some advice. And no according to data, the wealthy aren't doing shit. 80% of them inherit their wealth, when they don't they steal it from underpaid workers. that's why when there's a general strike, there's no capital. In theory, a revolutionary general strike was meant as a peaceful weapon to give back to the workers the ownership of the means of production. That's why the wealthy are so nice to unions, to workers in general, and gladelly repress any demands by violence. There is no such thing as "entrepeners" that have ideas that don't demand the work of others, or ideas that aren't a combinations of other's ideas. What you call innovation of one person is a myth. Take the manhattan project (which was a mistake clearly but that's another topic), it took several minds to make it happen and lots of workers too. Its called collective effort. One person can't do shit. Let's take the trajan tour : it took 300 workers 1h to make it stand. But one worker, working 300h won't. If you're wealthy you're not taking any risk. you take risk, when you don't have a home of your own, not enough food in your fridge and you might end up dying in the cold of the streets yet you risk your life and your family's life to go trhough what the wealthy deprived you from : freedom. That's risk. And if you lose you're job, its not just a job, it's your life and your family's life on the line. That's risk. Funny enough, if I were to take the wealth of the billionaires of my country it equals to the percentage, the amount of people under the line of poverty There's not such thing as free market. Its owned by the wealthy. Ever heard of wales? Money itself was made up to opress people. A really good book on that is 5000 years of debt by David Greaber. Sorry, but we're not on the same page at all. I come from a poor background, i've studied every ideology, I understand how capitalism works, and it just wealth stolen from the poor workers nothin more.
@@jesseeckel2 I'm not sure why my comment disappeared. yeah it was meant to be well meant and caring. I thought you were new to the space is all. Now that being said I'm sorry, but it's not a matter of opinion, there's things called data, and data proves that the wealthy get wealthy by stealing from the poor (hence that's the very reason why there are poor folks). I mean it's very simple, the workers do all the jobs, they build your house (while not being able to afford one), they build road and bridges, cars, trains, and planes, they craft your clothes, they grow your food while struggling to eat, they cook it if you go to restaurants, they serve you that food too, they mine the minerals and metals and precious metal needed for all kind of part of the industry, they make everything, from your chair, to the tools needed by your dentist, they take care of you at hospital (underpaid nurses). They should be the ones making most of the money. Yet somehow, they are all slave wavers making nothing, lots of times working several jobs to make ends meet. While the superwhealty, just salvage what they produce, and sell it with a huge margin to pay themselves a crazy salary. Most of them never invetned anything. Not to mention all the bullshit jobs that exists where they literally don't do shit (see David greaber's book "bullshit jobs"). That's why wealthy people are always scared of workers making a general strike and trying to get back the means of productions, cuz workers don't need ceo's, but ceo's needs workers. The only risk takes are the ones risking their lives and the ones of their family to try to make it through and not get fired and end up in the streets. There's no risk when you don't fear for your life. Rich people don't take risks. Not in the slightest, compared to the poor they're enslaving. And if they don't do that, 80% of them inherit their wealth = they didn't do shit to get that money (not to mention contacts and finance knowledge). The only part where you're half right, is about the government's, but the hald you're missing of course is the one where they colude with the financial markets and different lobbist of the super wealthy to create laws in favor of the rich, and that kills the poor. Its actually very well documented. I'm astonished you actually believe in your rethoric. also there's nothing like "the free market". And if you were to confiscate the wealth of the super rich you'd get way more, if 0,1% of them owns more than 50% of the rest of the population on earth. Just in my country the top 1% owns the exact amount of money that would save the 15% poorest folks in the streets. So no they ain't scapgoats, they're perpatrators. the financial district of london launder money easy peasy, and dictate the laws of the entire commonwealth. And that's just one counrty. I come from a poor backround and learned all the different ideology, how capitalism works, how to read charts, what are the biggest wealth transfer assets (or way of stealing money), what central banks are (and they're actually private..), what the fractional reserve system (the basis of today's system), how it is linked to not creating a real democracy (power to the poeple, cuz the majority would then share what they produce and it would be the end of the bourgeoisie, not my words, it's actually the conclusion of several super wealthy from James Madison to Ford and Buffet). I know also what Smith actually meant by "the invisible hand" and it has nothing to do with the "markets", that's alan greenspan twisting Smith's words in one of the biggest lie ever. I also know that money is oppression and was created to oppress poeple. You should read other books, like 5000 years of debt by David Greabers, or the Dawn of everything by David Graeber and David Wengrow. you can only learn by understanding opposites thoughts of your owns. And by analysing real data. And even If the data were wrong (which they aren't, its math..), what you showed is just how much humanity you lack, and that, is the saddest thing ever. Hope you get to grow up and be a better man.
With the exception of slavery and regulatory capture businesses don't steal from their workers, workers choose to work for those businesses, that's a choice. They could also choose to start a business themselves and compete in the free market or any number of routes to build their own wealth. For the purpose of this argument lets exclude those who inherit wealth. I'm specifically talking about those who build wealth. I started on unemployment, worked my butt off and within 2 years hit $1 million. I took extreme risk as I have 5 kids and my wife is a stay at home mom. It's very difficult to build a business, it's difficult to innovate and you need incentive to do so. If you can improve peoples lives in some way, you're rewarded by society with wealth equal to the amount of problems and the scale of problems you solve. This is a good system and when you break it (which has been done many times throughout history) and try to make everyone the same you remove the incentive and what happens is everyone as a whole becomes poorer and overall has a much lower quality of living. Video games, medicine, your phone, RUclips, Spotify, cheap accessible food, transportation, and everything else was created by this incentive structure. Without it you'd have none of these things. Governments however can skew this system. When you get things like regulatory capture of monetary debasement. For example wage's have been declining in purchasing power. This is due to inflation, which is a form of obscured siphoning of wealth from the people. People don't realize they're losing buying power and that if they're not getting a 6% raise yearly they're actually going down in pay. Most employers are also unaware of this and would likely scoff at a 6% raise every year. This creates a system where workers get paid less and less (even though they might be getting pay increases). If we didn't have this issue, many of the problems you're highlighting would be gone.
It's gotten so high that people get upset when I share it. There's a weird dynamic where people root for your when you're small but then root for you to fall when you're big.
@@jesseeckel2 can you tell us here haha, I loved seeing the number grow it's inspirational and motivating. an indication is als good I assumed it's around 5M haha
I am looking for 15 x my money and i will be ok. Forget 40x or 50 x or a 100x. Not in this cycle to many shit coins that dilutes the liquidity going into better projects
Now is the perfect time to start buying stocks and crypto (BTC, ETH,) if you are just being introduced.. I really wish I started earlier. I'm learning this doesn't have to be as complicated as some people make it out to be. Thanks to Ray F Johnson for helping me get into her trading server and investing guidelines. Investing and trading are more than just having TA skills. There is a big component of discipline and emotional maturity, that one has to work on! Time in the market vs. timing the market. If you keep that mentality as an investor, you will stay calm during the storm! Within some weeks I was making a lot more money and have continued on that same path with...
I'm new to cryptocurrency and don't understand how it really works. how Can someone know the right approach to investing and making good profits from cryptocurrency investments?
Johnson is my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
Did you really put all your wealth into these plays? You have like 10 kids or something right? Weren't you worried about your family if it didn't work out? Im guessing your parents are pretty active in your life?
Sounds like there might be a misunderstanding. I have like 50 plus projects i'm invested into. All in the crypto space but not just the ones mentioned here. My dad passed away in 2010 and my mom isn't very active in my life. No I wasn't worried. I made quite a bit last cycle and have a deeper understanding of the crypto space than most. It's not like crypto would go to zero overnight. I started out investing into majors like ETH which again weren't going to collapse quick even if the market did continue to decline. I would've had plenty of time to pivot had I needed to while taking maybe a 20% to 30% loss. Hard but easy to recover from. Also if you know my story I lost my business in 2020 due to covid. I set an insane goal of trying to make $1 million from scratch and within a year via sidehustles and investing went from $1 to $147,000. So failed but geeze made it quite far. It gave me a lot of confidence and showed me if I put in the work I can do anything. Also I did eventually make it past $1 million just 6 months later. I've already had to start over, and confident I could do it again if needed. The bigger risk to me is being fearful and not taking action.
No it's not dead lol, 99% of people just don't understand anything about the space and go with the narrative of the day. Typically those narratives are dictated by recent price movements. Solana crashed hard, but that gave it room to climb. The following price appreciation brought a lot of attention and narratives around it. Including that it was an "ETH killer." However to date besides Tron, the only profitable blockchains are Ethereum and various Ethereum layer 2's. I actually think the layer 2 roadmap will win out, simply missing interoperability which the Agglayer and many other projects are working on and should be live within a year. At which point the network effects will be overpowered. The bull case for the asset ETH would be that its gets exported to all these chains and used. Which currently the vast majority use ETH for gas, Defi pairs and various other things like backing for stables, etc. Plus you have the ETF which tradfi views crypto much different focusing on asset class exposure and their sharpe ratios. For them BTC + ETH makes up 73% of the crypto market. So they'll own a portion of each. As far as asset performance this cycle however, I think it's possible SOL could outperform ETH seeing as it's basically acting as a leveraged form of ETH. It's much smaller than ETH and that makes it easier for it to move up in price. Similar to how ETH outperformed BTC in previous cycles. But again that's this specific cycle.
You’re a genius and I would have done the same if I had been in possession of an any funds at all at that time. Your decision was actually quite solid and sound.
Rate cuts are bearish bc the the money that goes from the interest income and the quarterly payments from the treasuries goes to people/institutions who invest their money into assets It saves money for most of the middle class who are borrowing but those are not the people who are investing their money into assets If rates are cut in half, thats about 500billion that wont be going to the non-government to invest Remember your high school accounting, that all liabilities have an equal asset on the other side of the ledger. The 1 trillion interest payments is a liability to the government but it's an asset to the non-government, to the investors
Rate cuts are bullish for assets not bearish. If anything your argument highlights that even more so. Investors who are putting their money into treasuries due to the higher yield are also more likely to keep the yield working in those treasuries as well. After all the whole reason they have their capital in treasuries to begin with is they believe it offers the best risk/reward ratio. It's in fact when yields go down that the original capital + the yield finally unlocks and flows into riskier assets.
But on top of that your focus is too narrow. Rate cuts have a wide range of effects on the overall economy: -Encourage borrowing and spending by reducing the cost of credit. Also a form of money creation. -Increase the present value of future cash flows, boosting asset valuations. -Prompt investors to seek higher returns in riskier assets as treasuries are no longer as appealing. -Free up consumer income (variable rates, etc), leading to higher consumption and economic growth.
Bro, you have a lot to learn in the investing sphere. You have a lack of awareness in regard to risk management and diversification Even if it turns out good, its still an amateur move. Dont fall into the trap of what we call "resultizing". If you blind fold yourself and run across a highway and live, the result was positive but the action can never be a good choice. Itsl was ALWAYS bad regardless of outcome. Shape up. Ive been in this for 200 years😅
When you understand that crypto is revolutionizing finance, you'll understand why this is a genius move. Is it surprising to you that the outcome was positive? there's the problem. You don't understand what's going on and you have no concept how to achieve mega wealth. It's quite simply beyond you....Bro
@@jeffreyd508 I'm sure he wouldn't recommend this to anyone as a sustainable long term investment strategy. This is throwing everything at an asymmetrical short/mid term investment for wealth generation while the opportunity exists. You can't really get gains like this in any other legal market
I'm familiar with what resulting is. I think it's easy to look at a single video and draw a conclusion when there is a lot more happening behind the scenes. Across crypto I've very much diversified and i'm extremely familiar with the space. I spend 2-3 hours a day going through various crypto, macro and market research. I'm now in my third crypto cycle, and have successfully navigated multiple periods of ups and downs all while making a fortune. As Warren Buffett says "Put all your eggs in one basket, and then watch that basket very carefully." There is value in investing into a space you have a deep understanding and quite a bit of risk in "diversifying" into spaces you don't understand. There is also quite a bit of risk to being too careful and fearful. Every decision carries some level or risk.
Great video Jesse. I really appreciate you sharing the high detail of what you’re thinking andwhy.
Welcome and thanks!
I think it is more likely for BTC, ETH, to retest the resistance to the upside and then move lower. But as always, things change on a daily basis and all we can do is to trade responsibly and keep track of the markets and re-evaluate our strategies frequently. I want to thank you Seren Wintersun. For being my source of crypto education, As I am comfortably making 9.5 BTC.
SHE IS ON TELE GRAM.
@Serenwintersun
Trading without professional guide... Huh I laugh you, because you will remain where you are or even make huge losses that will stop you from trading, this has been one of the biggest problem to new traders.
Productivity is never accidental; it is always the result of careful planning, dedication, and consistency.
Investing has proven to be an incredibly beneficial decision. My cryptocurrency profits continue to play a substantial role in growing my overall wealth, reducing my reliance on my salary.
I threw >90% of my Roth IRA into Greyscale's BTC ETF back when it was still at an over 30% discount (basically bought BTC at around $20k)
Huge
That's awesome haha
if you've ever learned anything about crypto just remember people have no clue what is going on but will pretend they do.
I think that's somewhat true. Nobody knows exactly what will happen, but you can effectively map out general directions the more you zoom out. For example the ETF going live was a clear opening for a new wave of capital to come into the space. You might not know for sure it would cause prices to increase but you can guess that it'll have a positive impact.
Thanks Jesse
Can you do a video on your opinion on altseason this cycle? Maybe add some rough timeframes on when to buy and sell too?
Gonna make a video about this soon.
@@jesseeckel2 Thanks 💘 looking forward to it
That will be great Jesse 👌
Good video bruh, keep up the good work
Thanks!
Your videos are amazing, thanks for sharing it all! ✌🏻🤓
Welcome!
Nice video and thanks for the analysis!
The spice must flow!!!
That spice must flow
Bro I haven’t watched you in a long time cause the content I felt was average IMO-but now it really seems like your hitting your stride this vid was good …great story…10,000% portfolio is insane 10x is a lot ..more great content pls- as we move into this bull market !!
Thank you! Yeah unfortunately sometimes what makes the most useful content isn't always the most entertaining. I try to strike a balance but only make like $700 from my RUclips so lean toward making sure I'm focused on genuinely being a good investor first and foremost as thats where I make the vast majority of my money. Really appreciate the comment🙏🏻
Nice video! Really following your fundamentals. I'm also bullish for late 2024 and 2025
Pretty insane I'm still getting "I just got lucky" comments in 2024 haha.
Beautiful
He's bringing probably 20k + monthly and knows how to scale attention, even if it all collapsed, he'll be back. Wasn't that risky from his position .something he did before getting famous was probably more risky
I'm pretty confident if my bet didn't pay off i'd of also lost my credibility, audience and viewership. Also I make like $700 a month from youtube. But you are right that I didn't think it was that risky. Already did my $1 to $1,000,000 journey and confident I could do it again at this point. Also it's not like crypto was going to go to zero, maybe it would've dipped 30%, rough but recoverable.
Great video as always!
Do you only hold $Index or its other funds?
Just Index which is their main token
Thanks Jesse! Do you have any ways we can copy your portfolio with risk capital? Thanks again.
I share my portfolio in the OC, and talk about most of my portfolio on my channel as well.
But I'd be careful copying. Really is about more than just picking the right tokens. BTC has been the "right" token since 2010 but many have lost a fortune investing in it.
Bro, look into Hoppy. It looks like it’ll pump hard coming bull.
i did this but around 1 year ago then started buying in summer this year
Love it!
👍👍👍
A lot of the big companies that had crashed at that time were over leveraged ands only thought the price would only go up but they didn't factor in the historic 60-80% after ath crash bear market
jesse, i know your big on akash, do you have any thoughts on passage 3d “PASG” which runs on AKT?
I am big on Akash but am unfamiliar with Passage 3d. It's another project?
@@jesseeckel2 yes PASG is another project utilizing akash, Passage offers world-class virtual experiences for education, entertainment, events. all in browser without downloads. by using the GPUs in akash
retire by 35 but he's already rich , so what does it matter?
Educated gambling almost day trading / timing the market (buying low, selling high, taking some risks). A broken clock is right twice a day. :P For some reason the showing receipts part of the video made me think about sports betters showing receipts to gain followers who end up losing money. Don't get me wrong I followed you for a little while and enjoy your crypto deep dives while at the same time you have a crypto pumper vibe which is infectious but i'm a lot more cautious as of late and i'm done dumping money into crypto and holding what I have and letting it ride
I don't day trade. I buy and hold pays for the entire cycle for the most part. Many of the positions I hold i've held for the past 2 years. Certainly some people can get lucky and get some things right. However holding onto your money across multiple cycles, through countless dips and growing it is more than just luck. I'd lean the opposite and say that most people don't do this not because they're unlucky but because they haven't put in the work. Crypto is tough, and you can't just haphazardly throw money at the market and hope to win (which is what most do).
I'm not sure what you mean by crypto pumper vibe, but I genuinely do everything I can to encourage people not to copy me, and try to educate people that investing is about much more than picking the right tokens.
I like to point out that Bitcoin has been the right token since 2010, and yet despite basically going up only countless people have lost fortunes investing in Bitcoin.
It's good you're being cautious, you should be. Good luck.
Index coop will crush this bull run .10x for the worse case 😅 or else ……
I hope so haha
I'm facing a micro decision right now.... Risk half my net worth to double in a year. 😅😮😢
Personally would not recommend for others. I genuinely put in a ton of work and know what I'm doing. Even if I'm directionally right you could still lose money. BTC has been a directionally a correct bet since 2010 and yet countless people have lost fortunes investing in BTC. You have to respect the market and the difficulty involved. This is a 15 minute video and doesn't reflect the years of work involved to get where I'm at. That being said taking zero risk, is in fact a risk within it's self. But find balance.
A better video would have been you analyzing your portfolio with specific coins, amount invested, and profit.
I've done that before, but my portfolio is also like 50 projects and there is a ton of nuance to why I hold certain tokens.
@@jesseeckel2 makes sense
Is the coinbase wallet good to use if i don't use coinbase exchange?
Yeah! But I prefer Rabby for browser, if you're talking mobile though Coinbase is great.
@JesseEckel
just a tip, you're still new to the space (or a newbie), you got lucky and you're overconfident (if not arrogant) Take profits (I'm not saying all) but take some off the table. You might regret not doing so. If you do succeed. Don't forget, lots of people are struggling in poverty because of the accumulation of capital made by most workers paid with crumbles, so be kind and redistribute.
Hey thank you for what I assume is a well meaning comment. I'm actually not new to the space. I've been in the space since 2017. I made a ton of money in 2017 and lost it all. I had to learn the hard way to have proper risk management and really take the time to know what I'm doing. I spend hours every single day diving into research, the markets, macro, etc. Although you're getting a 15 minute recap, keep in mind this took years of work.
People are struggling in poverty not because of the wealthy, it's in fact due to the entrepreneurs, builders and risk takers of the world that we have so many of the innovations we have today. Innovation is a deflationary pressure making services and goods cheaper over time.
People are struggling due to the way the governments of the world manage their finances. It used to be when a government wanted to spend they could only spend as much gold as they had in their treasuries. Today when a government wants to spend they can print money, effectively reaching into the bank accounts of every dollar holder and siphoning away value. This is what pushes real estate to unreasonable levels due to the monetary premium that gets placed on it. This is what causes the cost of everything to continually go up while wages lag behind. Monetary debasement and regulatory capture is responsible for the vast majority of imbalances you see in society today.
The free market does an amazing job at making things better and cheaper. The government loves to point blame at billionaires "paying their fair share" when if you were to confiscate all the wealth from all the billionaires in the US it would be enough money to fund the government for just 9 months (feel free to fact check this).
Billionaires and the wealthy are a great scape goat, the government often uses to obscure their own actions.
A really great book on this is "Broken Money" by Lyn Aldan if you want to dive deeper.
@@jesseeckel2 sorry i thought you were new, was just trying to give you some advice.
And no according to data, the wealthy aren't doing shit. 80% of them inherit their wealth, when they don't they steal it from underpaid workers. that's why when there's a general strike, there's no capital. In theory, a revolutionary general strike was meant as a peaceful weapon to give back to the workers the ownership of the means of production. That's why the wealthy are so nice to unions, to workers in general, and gladelly repress any demands by violence.
There is no such thing as "entrepeners" that have ideas that don't demand the work of others, or ideas that aren't a combinations of other's ideas. What you call innovation of one person is a myth. Take the manhattan project (which was a mistake clearly but that's another topic), it took several minds to make it happen and lots of workers too. Its called collective effort. One person can't do shit. Let's take the trajan tour : it took 300 workers 1h to make it stand. But one worker, working 300h won't.
If you're wealthy you're not taking any risk.
you take risk, when you don't have a home of your own, not enough food in your fridge and you might end up dying in the cold of the streets yet you risk your life and your family's life to go trhough what the wealthy deprived you from : freedom.
That's risk. And if you lose you're job, its not just a job, it's your life and your family's life on the line. That's risk.
Funny enough, if I were to take the wealth of the billionaires of my country it equals to the percentage, the amount of people under the line of poverty
@@jesseeckel2 sorry i thought you were new, was just trying to give you some advice.
And no according to data, the wealthy aren't doing shit. 80% of them inherit their wealth, when they don't they steal it from underpaid workers. that's why when there's a general strike, there's no capital. In theory, a revolutionary general strike was meant as a peaceful weapon to give back to the workers the ownership of the means of production. That's why the wealthy are so nice to unions, to workers in general, and gladelly repress any demands by violence.
There is no such thing as "entrepeners" that have ideas that don't demand the work of others, or ideas that aren't a combinations of other's ideas. What you call innovation of one person is a myth. Take the manhattan project (which was a mistake clearly but that's another topic), it took several minds to make it happen and lots of workers too. Its called collective effort. One person can't do shit. Let's take the trajan tour : it took 300 workers 1h to make it stand. But one worker, working 300h won't.
If you're wealthy you're not taking any risk.
you take risk, when you don't have a home of your own, not enough food in your fridge and you might end up dying in the cold of the streets yet you risk your life and your family's life to go trhough what the wealthy deprived you from : freedom.
That's risk. And if you lose you're job, its not just a job, it's your life and your family's life on the line. That's risk.
Funny enough, if I were to take the wealth of the billionaires of my country it equals to the percentage, the amount of people under the line of poverty
There's not such thing as free market. Its owned by the wealthy. Ever heard of wales?
Money itself was made up to opress people.
A really good book on that is 5000 years of debt by David Greaber.
Sorry, but we're not on the same page at all. I come from a poor background, i've studied every ideology, I understand how capitalism works, and it just wealth stolen from the poor workers nothin more.
@@jesseeckel2 I'm not sure why my comment disappeared.
yeah it was meant to be well meant and caring. I thought you were new to the space is all.
Now that being said I'm sorry, but it's not a matter of opinion, there's things called data, and data proves that the wealthy get wealthy by stealing from the poor (hence that's the very reason why there are poor folks).
I mean it's very simple, the workers do all the jobs, they build your house (while not being able to afford one), they build road and bridges, cars, trains, and planes, they craft your clothes, they grow your food while struggling to eat, they cook it if you go to restaurants, they serve you that food too, they mine the minerals and metals and precious metal needed for all kind of part of the industry, they make everything, from your chair, to the tools needed by your dentist, they take care of you at hospital (underpaid nurses). They should be the ones making most of the money.
Yet somehow, they are all slave wavers making nothing, lots of times working several jobs to make ends meet.
While the superwhealty, just salvage what they produce, and sell it with a huge margin to pay themselves a crazy salary. Most of them never invetned anything. Not to mention all the bullshit jobs that exists where they literally don't do shit (see David greaber's book "bullshit jobs").
That's why wealthy people are always scared of workers making a general strike and trying to get back the means of productions, cuz workers don't need ceo's, but ceo's needs workers.
The only risk takes are the ones risking their lives and the ones of their family to try to make it through and not get fired and end up in the streets. There's no risk when you don't fear for your life. Rich people don't take risks. Not in the slightest, compared to the poor they're enslaving. And if they don't do that, 80% of them inherit their wealth = they didn't do shit to get that money (not to mention contacts and finance knowledge).
The only part where you're half right, is about the government's, but the hald you're missing of course is the one where they colude with the financial markets and different lobbist of the super wealthy to create laws in favor of the rich, and that kills the poor.
Its actually very well documented. I'm astonished you actually believe in your rethoric.
also there's nothing like "the free market".
And if you were to confiscate the wealth of the super rich you'd get way more, if 0,1% of them owns more than 50% of the rest of the population on earth.
Just in my country the top 1% owns the exact amount of money that would save the 15% poorest folks in the streets.
So no they ain't scapgoats, they're perpatrators. the financial district of london launder money easy peasy, and dictate the laws of the entire commonwealth. And that's just one counrty.
I come from a poor backround and learned all the different ideology, how capitalism works, how to read charts, what are the biggest wealth transfer assets (or way of stealing money), what central banks are (and they're actually private..), what the fractional reserve system (the basis of today's system), how it is linked to not creating a real democracy (power to the poeple, cuz the majority would then share what they produce and it would be the end of the bourgeoisie, not my words, it's actually the conclusion of several super wealthy from James Madison to Ford and Buffet). I know also what Smith actually meant by "the invisible hand" and it has nothing to do with the "markets", that's alan greenspan twisting Smith's words in one of the biggest lie ever. I also know that money is oppression and was created to oppress poeple.
You should read other books, like 5000 years of debt by David Greabers, or the Dawn of everything by David Graeber and David Wengrow.
you can only learn by understanding opposites thoughts of your owns. And by analysing real data.
And even If the data were wrong (which they aren't, its math..), what you showed is just how much humanity you lack, and that, is the saddest thing ever.
Hope you get to grow up and be a better man.
With the exception of slavery and regulatory capture businesses don't steal from their workers, workers choose to work for those businesses, that's a choice. They could also choose to start a business themselves and compete in the free market or any number of routes to build their own wealth.
For the purpose of this argument lets exclude those who inherit wealth. I'm specifically talking about those who build wealth. I started on unemployment, worked my butt off and within 2 years hit $1 million. I took extreme risk as I have 5 kids and my wife is a stay at home mom.
It's very difficult to build a business, it's difficult to innovate and you need incentive to do so. If you can improve peoples lives in some way, you're rewarded by society with wealth equal to the amount of problems and the scale of problems you solve.
This is a good system and when you break it (which has been done many times throughout history) and try to make everyone the same you remove the incentive and what happens is everyone as a whole becomes poorer and overall has a much lower quality of living.
Video games, medicine, your phone, RUclips, Spotify, cheap accessible food, transportation, and everything else was created by this incentive structure. Without it you'd have none of these things.
Governments however can skew this system. When you get things like regulatory capture of monetary debasement. For example wage's have been declining in purchasing power. This is due to inflation, which is a form of obscured siphoning of wealth from the people. People don't realize they're losing buying power and that if they're not getting a 6% raise yearly they're actually going down in pay. Most employers are also unaware of this and would likely scoff at a 6% raise every year. This creates a system where workers get paid less and less (even though they might be getting pay increases).
If we didn't have this issue, many of the problems you're highlighting would be gone.
very good informative video
Thanks!
Why did you stop sharing your net worth?
It's gotten so high that people get upset when I share it. There's a weird dynamic where people root for your when you're small but then root for you to fall when you're big.
@@jesseeckel2 can you tell us here haha, I loved seeing the number grow it's inspirational and motivating. an indication is als good I assumed it's around 5M haha
@@jesseeckel2 a lot of your followers might find it inspirational :)
I am looking for 15 x my money and i will be ok. Forget 40x or 50 x or a 100x. Not in this cycle to many shit coins that dilutes the liquidity going into better projects
Now is the perfect time to start buying stocks and crypto (BTC, ETH,) if you are just being introduced.. I really wish I started earlier. I'm learning this doesn't have to be as complicated as some people make it out to be. Thanks to Ray F Johnson for helping me get into her trading server and investing guidelines. Investing and trading are more than just having TA skills. There is a big component of discipline and emotional maturity, that one has to work on! Time in the market vs. timing the market. If you keep that mentality as an investor, you will stay calm during the storm! Within some weeks I was making a lot more money and have continued on that same path with...
I'm new to cryptocurrency and don't understand how it really works. how Can someone know the right approach to investing and making good profits from cryptocurrency investments?
Johnson is my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
Thank you so much for the recommendation, I have been self trading for a very long time now,I have lost so much in crypto market
Mind if I ask you to recommend how to reach this particular coach you using their service?
He's on Instagram
The journey has been wild.
Keep sharing. 👍
Thanks!
Did you really put all your wealth into these plays? You have like 10 kids or something right? Weren't you worried about your family if it didn't work out? Im guessing your parents are pretty active in your life?
Know that phrase stay poor? This is literally why you will.
Sounds like there might be a misunderstanding. I have like 50 plus projects i'm invested into. All in the crypto space but not just the ones mentioned here.
My dad passed away in 2010 and my mom isn't very active in my life.
No I wasn't worried. I made quite a bit last cycle and have a deeper understanding of the crypto space than most. It's not like crypto would go to zero overnight. I started out investing into majors like ETH which again weren't going to collapse quick even if the market did continue to decline. I would've had plenty of time to pivot had I needed to while taking maybe a 20% to 30% loss. Hard but easy to recover from.
Also if you know my story I lost my business in 2020 due to covid. I set an insane goal of trying to make $1 million from scratch and within a year via sidehustles and investing went from $1 to $147,000. So failed but geeze made it quite far. It gave me a lot of confidence and showed me if I put in the work I can do anything. Also I did eventually make it past $1 million just 6 months later.
I've already had to start over, and confident I could do it again if needed. The bigger risk to me is being fearful and not taking action.
@@jesseeckel2 we want a video about your journey as an entrepreneur as well as investor, life lessons etc if possible
Bro plz make a video on ETH is it dead??
No it's not dead lol, 99% of people just don't understand anything about the space and go with the narrative of the day. Typically those narratives are dictated by recent price movements.
Solana crashed hard, but that gave it room to climb. The following price appreciation brought a lot of attention and narratives around it. Including that it was an "ETH killer."
However to date besides Tron, the only profitable blockchains are Ethereum and various Ethereum layer 2's. I actually think the layer 2 roadmap will win out, simply missing interoperability which the Agglayer and many other projects are working on and should be live within a year.
At which point the network effects will be overpowered.
The bull case for the asset ETH would be that its gets exported to all these chains and used. Which currently the vast majority use ETH for gas, Defi pairs and various other things like backing for stables, etc.
Plus you have the ETF which tradfi views crypto much different focusing on asset class exposure and their sharpe ratios. For them BTC + ETH makes up 73% of the crypto market. So they'll own a portion of each.
As far as asset performance this cycle however, I think it's possible SOL could outperform ETH seeing as it's basically acting as a leveraged form of ETH. It's much smaller than ETH and that makes it easier for it to move up in price.
Similar to how ETH outperformed BTC in previous cycles. But again that's this specific cycle.
Bullish for October or bearish?
Bullish
Me too brother. Me too 🤑
What complete crap, bs headline ... "Except for the equity in my house". So you didn't put your entire net worth into crypto, did you. Far from it 😡
I can't tell if you're joking or serious haha. The equity in my house is actually a small percentage of my net worth.
Jesse the clairvoyant!
I wish! But have gotten a few things right!
Hoppy frog 🐸 Pepe's same creator. Good video
Thanks!
Lol yolo
Ha, sort of. Was a deeply educated and thought through decision.
Hi sir,
How are you?
U need a professional RUclips thumbnail designer?
Let me know please
Thanks.
You’re a genius and I would have done the same if I had been in possession of an any funds at all at that time. Your decision was actually quite solid and sound.
Thanks!
ETH not acting good, something bad on horizon if it does not show something soon.
Rate cuts are bearish bc the the money that goes from the interest income and the quarterly payments from the treasuries goes to people/institutions who invest their money into assets
It saves money for most of the middle class who are borrowing but those are not the people who are investing their money into assets
If rates are cut in half, thats about 500billion that wont be going to the non-government to invest
Remember your high school accounting, that all liabilities have an equal asset on the other side of the ledger. The 1 trillion interest payments is a liability to the government but it's an asset to the non-government, to the investors
Rate cuts are bullish for assets not bearish. If anything your argument highlights that even more so. Investors who are putting their money into treasuries due to the higher yield are also more likely to keep the yield working in those treasuries as well. After all the whole reason they have their capital in treasuries to begin with is they believe it offers the best risk/reward ratio.
It's in fact when yields go down that the original capital + the yield finally unlocks and flows into riskier assets.
But on top of that your focus is too narrow. Rate cuts have a wide range of effects on the overall economy:
-Encourage borrowing and spending by reducing the cost of credit. Also a form of money creation.
-Increase the present value of future cash flows, boosting asset valuations.
-Prompt investors to seek higher returns in riskier assets as treasuries are no longer as appealing.
-Free up consumer income (variable rates, etc), leading to higher consumption and economic growth.
Your are better at predicting than Cindicator
Ha, well different. Short term market movements are inherently really hard to predict. Long term is much easier IMO.
@@jesseeckel2 Keep it up!
Bro, you have a lot to learn in the investing sphere. You have a lack of awareness in regard to risk management and diversification
Even if it turns out good, its still an amateur move. Dont fall into the trap of what we call "resultizing".
If you blind fold yourself and run across a highway and live, the result was positive but the action can never be a good choice. Itsl was ALWAYS bad regardless of outcome. Shape up. Ive been in this for 200 years😅
When you understand that crypto is revolutionizing finance, you'll understand why this is a genius move. Is it surprising to you that the outcome was positive? there's the problem. You don't understand what's going on and you have no concept how to achieve mega wealth. It's quite simply beyond you....Bro
@@jeffreyd508 I'm sure he wouldn't recommend this to anyone as a sustainable long term investment strategy. This is throwing everything at an asymmetrical short/mid term investment for wealth generation while the opportunity exists. You can't really get gains like this in any other legal market
I'm familiar with what resulting is. I think it's easy to look at a single video and draw a conclusion when there is a lot more happening behind the scenes.
Across crypto I've very much diversified and i'm extremely familiar with the space. I spend 2-3 hours a day going through various crypto, macro and market research. I'm now in my third crypto cycle, and have successfully navigated multiple periods of ups and downs all while making a fortune.
As Warren Buffett says "Put all your eggs in one basket, and then watch that basket very carefully."
There is value in investing into a space you have a deep understanding and quite a bit of risk in "diversifying" into spaces you don't understand. There is also quite a bit of risk to being too careful and fearful. Every decision carries some level or risk.