a few years ago my dad calls me up and is like, "hey have you ever heard of crypto? like bitcoin?" and i told him run dont do it.... this was like 2019 so def a good call overall (like despite any gains in the market, its all rug pulls and dumb stuff)
The shortest path is the straight line, no curve. So do t except exponential growth because that is a curve and you will more likely be on the curve down and not up
In the past, I've invested some of my home equity in my home while watching idiots buying toys, vacations, etc with theirs (and then wondering why they have nothing to show for it). 🙄
@frusia123 i believe there's a difference between vulnerability and just being naive/stubborn. In these cases, people are actively choosing to continue the behavior that got them in trouble in the first place. You could argue its not their fault the 1st time they get scammed, but putting even more money into these same things over and over until they have nothing? Most of the responsibility for that is their own fault in that case. Its like if they're in a big city at night alone and just start screaming "i have $10,000 cash on me right now!" And then they are shocked and complain about having gotten mugged.
Its always too good to be true, always! Common sense and awareness is so lacking its terrifying..ill never understand how anyone can get scammed with all the ridiculous shit out today
So do I. It shields me from all of TikTok's data-mining! 💯 (Google does just the same on YT ofc, but out of the two Google is probably the easier one to trust. ⚖)
I am fed up of people calling it 'investing' - it is gambling where it is 100 rigged against you. People betting on meme coins know this is a scam but still put money in because they are stupid and greedy. No better example was that teenage boy who scammed people with a coin, apologised and started a new coin and then did a rug pull again. Morons.
To be honest, the guys in the mask doing the rug pulls are no different then the fucking casinos. I dont see that reporter talking to the casino's CEOs. They both are gambling traps, the odds are on their favor, and they have everything rig against the player/coin holder. 💁♂️ if they think rug pulls are bad but casino's are good, they are mental.
Meme coins aren’t investing. Bitcoin, and the similar are investments. I bought 30 bitcoins when they were at $1,000/each. It’s the same exact thing as my parents who bought Amazon,Apple,Microsoft,EBay,etc back in the 90s.
@drp1bb856no it is not. Apple and Microsoft produced a product/service that people paid for. Bitcoin produces nothing, it cannot be sold for any purpose except what it is. It is akin to gold but requires a massive physical and energy presence to exist. I can buy gold and put it in a drawer - I buy bitcoin I got to keep a digital wallet, never lose the password, and just pray that the digital infrastructure that underpins it is not turned off. In a world of no electricity, bitcoin is worthless.
8:13 That's Mariana van Zeller interviewing the crypto scammers. She's an investigative reporter for National Geographic. She gets inside cartel cells, human trafficking rings, off-shore scamming operations, etc.
Yeah; if you don't know (as what sounds like native english speaker) that the past tense of "withdraw" is "withdrew" not "withdrawed", you don't have the grey matter to be investing. (5:21, 5:56)
Imagine 1 hundred people throw money in the air expecting twice to three times as much to hit the ground. But the person who created it has a net collecting the money before it fell down. It's how I describe it to friends who need to know.
Bitcoin (on average) gives better returns if you just hold and don't sell, till let's say like 2030. It went from $15k in 2022 -> over 100k in 2025. (~7-8x) I'm not even saying buy & sell but buy and hold like you would if you'd have invested in a house, but over a much longer time frame. Instead of paying *off* a mortgage, a small amount each month for like 2-3years until it pops could be solid. Like $10 every 3 days. Or like that acorn app, if you spent $19.34 on a meal, even it out and put the 66cents into Bitcoin each time. Personally, I haven't bought Bitcoin at all - cause the price range ROI (Rate of Income/Return on Investment) isn't appealing to me. Even if Bitcoin hit 1,000,000 a coin from here, it's a 10x. (Which is good for a lot of people) I have a lot of experience in the market, and I'm happy buying the "riskier" coins, but it takes a lot of education, research, and conviction. But for the average Joe, even if Bitcoin collapses one day, and no return - I do think it'll be really good till at least 2030-2031, and you'll probably get way more of a return compared to most stocks & investments.
Heck: My lesson is less than a tenth that! £4,- in Doge and that's it! 😁 (Though being handicapped and unable to work, that's probably about as far as a person in my circumstances should push it. 👍)
You know I remember during the GameStop squeeze, I thought about getting involved. But then I thought, “If I’m hearing about it now it’s probably too late to make anything.” I’m pretty content with that call.
I owned 2000 shares of AMC before it became a meme trade. As it rocketed up, I sold portions until my last sale at $55 a share. I knew it was not going to last.
Agreed. They wanted to get rich quick and came across someone who wanted to do it, too! Hopefully they'll take it as hard lesson and never do it again. That 'love of money' is a rocky road to travel down.
"All MEME coins go to zero" words to live by. Also my favorite " Cryptocurrency is just a decentralized PONZI scheme" and here is one from me personally" someone will make a ton of money in crypto, it just won't be you"
As someone who is old enough to be your mother or grandmother, I have read or seen so many stories of people getting scammed or "rug pulled." I won't even answer the phone or respond to a text/email if I don't really know the person.
"Stop scamming me for my money" How about you use your brain and stop falling for it? Im really having a hard time imagining how these people actually manage to survive every day
Food is cheap and readily available. If this was 600 years ago, most of these people would be nothing more than a skeleton with their palm over their face
As a person who's done the former several times, I can say that crypto are easier to dispose of (Move to a grave wallet and forget you ever had them) compared to that "Wonder Tool" thing you bought off QVC because the price was „Good“, and it's still BNIB today, 18 years after purchase... 🤣
You've done well in distinguishing between "betting" and "investing". You've abstained from betting, and that has been a really good decision. But I would invite you to reconsider the "investing" side of it. Sure you haven't lost a single cent, but you haven't gained a single cent either. My best advice is, study blockchain technology and Bitcoin. That's it. Forget every other "shitcoin" out there and learn what makes Bitcoin, The King.
@rt66vintage16they always tell me about how much its better than normal money, and everything will be using it. But they always seems to refer to its dollar value and cash out when it goes up and cries when it goes down against the dollar. Huhhhhhhh
Reminder that about 1 in 100 people are either narcissists, psychopaths, or sociopaths. There is no shortage of predatory people like these in the video.
I am in my mid 50s, I have a friend that has been falling for get rich quick scams since the 1980s. She is a nice person but she seems incapable of really learning a lesson from past experiences and she has little ability to put effort into something long term that really would improve her life. That is the exact type of person these scammers are looking for.
I love watching your channel because I don't use TikTok (and never will) but need my daily dose of watching dumb people make dumb mistakes over and over again.
I saw a woman that got scammed by a romance scammer. Then she got involved with a company to get her money back and of course they were another scam. 🤦♀️
Although I'm now relegated to a clean life, a person would be better of spending it on Blo and Ho. At least there' would be a dopamine fix in there somewhere.
Really hate how all crypto gets lumped in with these scams. You can legitimately make sound investments and profit if you take the time to learn how to invest properly.
Worst is the streamers or YT people promoting this scam in their pump & dumps and STILL allowed to be on said platforms. I blame the platforms as well.
@scienceofthemagi yes but at this point in time anyone can invest and everyone can invest and that’s the problem it doesn’t take a bit of skill. It just takes a phone now anyone with some money can do it and now everyone can get scammed because they’re all idiots.
The platforms have financial incentive to look the other way, like Amazon and the knock off companies. If your gut instinct is “this should be illegal”, congratulations! It is!
Oh shoot, I have to tell you this one. Thirty years ago, a flat mate of mine, as a student invested in an emu farm in Australia. Just a thousand dollars. The emu farm didn't do to well. And then there was a flood, which destroyed the fencing, setting the emus free. The last liquidator report basically said, he (and the other investors) still owned the emus, if they wanted to go to the Australian outback and hunt them down, they could.
You're CRAZY if you don't use uBlock and/or Brave with aggressive filtering set. In this day and age? No one has an excuse. We have scammers putting ads out on corpo websites, and corpos themselves also scamming.
I work with a guy who’s betting his retirement in XRP and SHIBA. My man is not doing well. He was trying to convince me to put in thousands of dollars I passed.
I'm seriously concerned at that, because I *didn't.* 😳 (And I may not be the smartest of tech people, but I'm fairly cautious. Being successfully fooled by an AI video tells me I need to be a _lot_ less trusting of video footage from hereon in. And people wonder why I've _never_ done video calls?)
@UK-Combustibility-Assureda big thing to look for is that AI doesn’t understand how to replicate natural pauses in speech so it always sounds very forced. The guy also had no emotion when he was talking and his lips barely moved. It took me a good few seconds to see tho
Within the first few words, for anyone versed in identifying it's quite easy, but can be very difficult, the speech is very monotone also, repetitive even, unnatural speech pattern, saying things like "my hands shook" is not something a normal person would use as a descriptor.
Steve Martin used to have a joke that went something like this: "...about how I turned 4 million dollars of real estate into $6.28." They ought to have a emoji face that just comes and laughs at you when the meme coin tanks! It would be fitting!
So sad. Thanks again for exposing this. Its a great public service. You gotta do an episode on Roofing Contractor scams. They move into the midwest and south in the Spring, preying on home owners with wind and hail damage. They are bold, rude, threatening, and just plain evil.
There are multiple possibilities, but surprisingly, some people are actually great at earning money - the problem is they don't know how to save it or use it properly. Others are from inheritance, and then others borrow money. Also, others are just straight up fraud.
My friend's dad was a stockbroker in the early 80s and had precious wisdom. "In the market, bears make money and bulls make money - but pigs get hosed." and "Money is the root of all evil, but greed is the root of all stupidity."
It's so funny to me how there's thousands of examples, with each and every coin that was released, that it does NOT work and they always rug pull, yet people still continue to believe "No no trust me, this time I will get rich!" so for the fith time they empty their savings to buy said coin. Pure insanity.
I actually know someone who sold his Doge coin for $400k in 2020 & bought a house in the GreatSmoky Mountains near Gatlinburg. This married couple with a little baby were given notice that their apartment lease was soon up & their rent would be jacked up, so that’s why he sold it all when he did. .
I'm old n poor, no excuses..but all this sounds like the old MLM's, if you know people, and you're in at the beginning, you might make some money, if either of those is the case, you will lose, and none of those original people will talk to you again. How they live happy, with their lives, and family, I don't know.
There was a millennial take on these in e-mail Ponzi's of the early 2000s. The _Send $10,- to everybody in this list, then move every name up one space, and put yours in at the bottom_ variety. 16yo me spotted the scam rightaway. ✉🚫👍 If I wasn't bound to absolute honesty (Damn my strict christian upbringing!) I'd have probably been sending them out with ten _alias_ names/addresses for myself to profit directly from the first nine generations of the e-mail. 😆
What’s wild is that there are now crypto MLMs that combine the two into an unholy combination of insider trading and pyramid schemes to prey on the rubes that think they’ll make millions off of bots and thirdhand information. Gets them coming and going.
![The "Happiest" Scary Place - Subliminal [Full Game]](http://i.ytimg.com/vi/kb0_-LYvHbI/mqdefault.jpg)
Do you know someone who lost money on meme coins or crypto?
Yes. And all have desperately tried to get me into it. Nope. Not even once
I honestly wouldn't have a clue how to even dive into crypto or meme coins. Cash is king for a reason!
a few years ago my dad calls me up and is like, "hey have you ever heard of crypto? like bitcoin?" and i told him run dont do it.... this was like 2019 so def a good call overall (like despite any gains in the market, its all rug pulls and dumb stuff)
Colleague of mine put at least €2000 in to meme coins, lesson learned i guess..
its all a scam, cant even use them with the money people put in them with like memecoins
When somebody starts speaking in Bro-talk, it's time to move on.
Their brains have devolved into blobs of swiss cheese. The future...
Same exact thought.
@isabellind1292 You can even argue that it's very much the present.
@Steven-l7d1l I love the looks Mr. Rios gives in reaction to some of the poor choices these people make, lol! (The voice of reason).⭐🧠⭐
BROUW on gd frf frfrf4r BROUW no cap we re maximilizing sug win
That last one "they KEEP scamming me bruh!"
No, you got scammed once. Everytime after that was a choice.
And she had a kid in the background, sad
Like I almost kinda understand when it's the elderly cause they're getting preyed on, but not people that haven't gotten to "elderly" yet
Fool me once....
Fool me once, ...
If you're in the bottom half of the class, why would you think you know what your doing. 😂
People want everything fast. Gain muscles, lose weight, get rich, look rich. Shortcuts costs you money, health, ...
^this!
Get to the point already!
The TGV is fast, and thanks to that France can get by without internal flights. How can that be a bad thing? 🚄🇫🇷😇
@UK-Combustibility-AssuredFrance is the size of Texas and has a high population density. That wouldn't work in America
The shortest path is the straight line, no curve. So do t except exponential growth because that is a curve and you will more likely be on the curve down and not up
When the seller is wearing a cloak and skull mask, you know it's legit.
I never buy from anyone who doesn’t have a cloak and mask… 😂
This is why it’s important to research to see if it’s A) legit and B) there’s not a catch.
i lost like two hands of blackjack and i couldn't handle the pain it made me feel.
I know!! Not this specifically, but how can people just keep going back? I have an addictive personality and I can’t even bring myself to gamble
NEVER sell the equity in you home for ANYTHING.
it's one of the absolute dumbest things you can do
except a bigger home
Sell? You mean borrow against it?
In the past, I've invested some of my home equity in my home while watching idiots buying toys, vacations, etc with theirs (and then wondering why they have nothing to show for it). 🙄
Even if you wanted to use the equity to do home improvements?
If I hear "withdrawed" instead of "withdrew" one more time I'm gonna loose it
I see what you did there
The correct past conjugation is "withdrook".
I "HEAR" YOU
I appreciated your subtle joke. 😉
@SK-fq1by3977I had a typo and autocorrect did me dirty 😅
I know the feeling of being wiped out. I lost all my cash and properties when I landed on Boardwalk that had a hotel on it.
I'm risk-averse. When I get sent to jail in the game, I just stay there.
@Cold_Hard_Truth Do not pass Go, do not collect $200.
I always am a slum lord and nickel and dime people on Baltic!
@grimacenajee 🤣
crushing
"The fastest way to double your money is to fold it in half and put it back in your wallet" was a saying in the 80s for a reason.
If losing $41 is "losing a lot of money" you don't have enough money to be doing crypto
"I keep getting scammed" like it's NOT your fault you refuse to learn your lesson.
Call me a fool 1s shame on you.
Call me a fool 2s shame on me.
It's always the scammers fault. The world is full of people who are vulnerable in one way or another - their vulnerability is not their fault.
@frusia123 i believe there's a difference between vulnerability and just being naive/stubborn.
In these cases, people are actively choosing to continue the behavior that got them in trouble in the first place.
You could argue its not their fault the 1st time they get scammed, but putting even more money into these same things over and over until they have nothing?
Most of the responsibility for that is their own fault in that case.
Its like if they're in a big city at night alone and just start screaming "i have $10,000 cash on me right now!" And then they are shocked and complain about having gotten mugged.
Wayyyyy too many people are comfortable with lying and cheating their partners, I would never be with someone who lies, ever.
Yeah that's really bad. If he's not lying then it's stupidity, and I'd be out regardless.
Pathological liars are the worst. I dated one for like 6 months and the stories they would come up with...
Instant divorce. That's some demonic stuff
There's a reason it's called financial infidelity. It can feel the same as being cheated on
Agree. Marriage is a covenant.
Something my old man used to tell me was:
"If something sounds too good to be true, it likely is a scam."
My dad always said "If you ain't first, you're last"
Some finance RUclipsr (idk who anymore) used to say "IF it made them money, they wouldn't sell it to you, they'd be using it instead"
Its always too good to be true, always! Common sense and awareness is so lacking its terrifying..ill never understand how anyone can get scammed with all the ridiculous shit out today
last knight i lit my money on fire and in the morning i didn't have any money still can't figure out what happened
Younger me had sympathy for these people. I'm smarter than that now
I don’t watch TikTok, I watch TikTok compilations on RUclips, with relatable commentary! ❤
So do I. It shields me from all of TikTok's data-mining! 💯
(Google does just the same on YT ofc, but out of the two Google is probably the easier one to trust. ⚖)
Me too! 😂
Ditto
Me too; this is a step away from stupid,right??
Also less adhd. 😅
$100 to join a discord is insane. How people don’t see that THEY are the product is completely beside me.
People actually do that???? I have no social media except YT and I don't invest or contribute to ANYONE. Absolute stupidity.
MOOD! Makes ZERO sense to me! (I also feel like that should be illegal?)
Well I've been in various communities not just crypto where it was 100 bucks.
I mean one of them I'm in ATM is basically about doing lp in crypto
I am fed up of people calling it 'investing' - it is gambling where it is 100 rigged against you.
People betting on meme coins know this is a scam but still put money in because they are stupid and greedy. No better example was that teenage boy who scammed people with a coin, apologised and started a new coin and then did a rug pull again. Morons.
To be honest, the guys in the mask doing the rug pulls are no different then the fucking casinos. I dont see that reporter talking to the casino's CEOs.
They both are gambling traps, the odds are on their favor, and they have everything rig against the player/coin holder. 💁♂️ if they think rug pulls are bad but casino's are good, they are mental.
@ways5717 Too true. Plenty of casinos refuse to pay, and engage in trespassing players who win too much, but aren’t their type of high roller.
Meme coins aren’t investing. Bitcoin, and the similar are investments. I bought 30 bitcoins when they were at $1,000/each.
It’s the same exact thing as my parents who bought Amazon,Apple,Microsoft,EBay,etc back in the 90s.
@drp1bb856no it is not. Apple and Microsoft produced a product/service that people paid for. Bitcoin produces nothing, it cannot be sold for any purpose except what it is. It is akin to gold but requires a massive physical and energy presence to exist. I can buy gold and put it in a drawer - I buy bitcoin I got to keep a digital wallet, never lose the password, and just pray that the digital infrastructure that underpins it is not turned off. In a world of no electricity, bitcoin is worthless.
@drp1bb856 BTC doesnt produce anything
8:13 That's Mariana van Zeller interviewing the crypto scammers. She's an investigative reporter for National Geographic. She gets inside cartel cells, human trafficking rings, off-shore scamming operations, etc.
I'd probably sooner invest whatever money I had into Beanie Babies.
An old saying from the 1800s - "There's a sucker born every minute."
There's an ass for every seat.
Also an old saying 😂
Also "A fool and his money are soon parted"...
P.T. Barnum.
@toberman3914Beat me to it
It's now every second..! 😂😂😂
Buying crypto is like helping a Nigerian prince.
You shut up! Prince Umboto is a close personal friend of mine and he has assured me he will pay me back with massive interest.
If I had a nickel for each "bro" or "bruh" I heard in this video I could retire
Or buy $400 worth of $melania coin 😂
26:08 lying, for what? For your money, fool 🤣
In crypto if you aren't scamming, you're getting scammed.
You can make a lot of money from stupid people, and there are a lot of stupid people.
Yeah; if you don't know (as what sounds like native english speaker) that the past tense of "withdraw" is "withdrew" not "withdrawed", you don't have the grey matter to be investing. (5:21, 5:56)
@Canucklesammich 😂😂😂😂 you 100% liked your own comment after replying to the wrong person.. You're looking pretty dumb
stupid people are the one resource that regenerates itself.
To paraphrase, "There are at least 525,600 suckers born every year."
Im glad these people are losing their money 😂😂😂
i just (last month) saved 100+ euros by setting the heating lower only used 8 cubic meters of gas
im quite proud of myself for that one
8000 litres is still a very large container.
It's like 8 dishwashers piled up.
8000 litres is still a very large container.
It's like 8 dishwashers piled up.
imagine if your country did what trump told them to.. dont shut down the nuclear plants... you be way better.
but you buy gas from russia
😁😁😁😁😁 please give me the 100 Euros plus😂
@MRsolidcolorhaha, yes, Trump the economic "genius".
Imagine 1 hundred people throw money in the air expecting twice to three times as much to hit the ground. But the person who created it has a net collecting the money before it fell down. It's how I describe it to friends who need to know.
That's a really great analogy I'm going to use this with people
No something better
You give a complete stranger money and hope he comes back with more
@mcjibbo6100ill be right back with your life savings. You can trust me. Lol
Bitcoin (on average) gives better returns if you just hold and don't sell, till let's say like 2030.
It went from $15k in 2022 -> over 100k in 2025. (~7-8x)
I'm not even saying buy & sell but buy and hold like you would if you'd have invested in a house, but over a much longer time frame. Instead of paying *off* a mortgage, a small amount each month for like 2-3years until it pops could be solid. Like $10 every 3 days. Or like that acorn app, if you spent $19.34 on a meal, even it out and put the 66cents into Bitcoin each time.
Personally, I haven't bought Bitcoin at all - cause the price range ROI (Rate of Income/Return on Investment) isn't appealing to me. Even if Bitcoin hit 1,000,000 a coin from here, it's a 10x. (Which is good for a lot of people)
I have a lot of experience in the market, and I'm happy buying the "riskier" coins, but it takes a lot of education, research, and conviction.
But for the average Joe, even if Bitcoin collapses one day, and no return - I do think it'll be really good till at least 2030-2031, and you'll probably get way more of a return compared to most stocks & investments.
Sounds too confusing and abstract. Just tell them they are idiots and it’s 100% a scam.
20:32 that is not a financial advisor saying he’s in micro strategy 😂
Based on the casual attitude of loosing, I guess $50k is the new five dollars??!!
$100 is a cheap lesson
Better than 5k lol
@losronin3875 Better than $30k
@losronin3875 or 30..
Heck: My lesson is less than a tenth that! £4,- in Doge and that's it! 😁
(Though being handicapped and unable to work, that's probably about as far as a person in my circumstances should push it. 👍)
A smart man learns from their mistakes, a wise one learns from others
I understand how it happens to people, but how does it happen MORE THAN ONCE?!
Classic gambling behaviour. “Gotta win it back”
8:13 "How is it stealing? Its completely legal!" from crypto bros in full face masks and voice distorted.
These are the same people who thought they were scamming the snake oil salesmen back in the day.
Rule #1: Don’t gamble with money you aren’t prepared to lose.
I hear a lot of people who take zero accountability for being foolish.
I hear a lot of white men getting what they deserve.
Some people failed to learn “don’t put all your eggs in one basket”
“A fool and his money are soon parted because he punted it all on a meme coin”
-Sun Tsu (probably)
Close enough. 😆
This is a justified reason for divorce...
I met a financial guy. He said “don’t invest unless you have the funds to lose 35%.”
I had a stock broker say: "Never invest more than you can afford to lose."
You know I remember during the GameStop squeeze, I thought about getting involved. But then I thought, “If I’m hearing about it now it’s probably too late to make anything.” I’m pretty content with that call.
10000000 percent. If you’re hearing about the news; you’re too late and you will be a victim
This is from someone who “made” and lost 10k on GME in 2021
@lol33380I made 200 ish bucks on GameStop, lost 150 on AMC. Oh well at least I made a tiny profit hehe
Same
I owned 2000 shares of AMC before it became a meme trade. As it rocketed up, I sold portions until my last sale at $55 a share. I knew it was not going to last.
Absolutely no sympathy for these people who blindly throw their money into hyped crypto or meme coins.
I feel sorry for the seniors who got scammed
Is Matt Damon still doing those Crypto commercials? Crickets. Of course not.
yeah, but also massive shame on the people running these dishonest scams
Same. Everytime i hear about someone being "scammed," I just figure stupidity finds its level.
@nouseforaname86 nah, if you fall for it than fairplay to the scammer. There is no easy money
Slow money is the best money ❤
Get rich slowly!
Slow and steady wins the race!
they rather have no than slow
Earned money is the best money
Agreed. They wanted to get rich quick and came across someone who wanted to do it, too! Hopefully they'll take it as hard lesson and never do it again. That 'love of money' is a rocky road to travel down.
"All MEME coins go to zero" words to live by. Also my favorite " Cryptocurrency is just a decentralized PONZI scheme"
and here is one from me personally" someone will make a ton of money in crypto, it just won't be you"
The stupidity is beyond the pale
As someone who is old enough to be your mother or grandmother, I have read or seen so many stories of people getting scammed or "rug pulled."
I won't even answer the phone or respond to a text/email if I don't really know the person.
Taking ANY advice from Tik Tok is already a rug pull lmao
"Stop scamming me for my money" How about you use your brain and stop falling for it? Im really having a hard time imagining how these people actually manage to survive every day
God favors the children and the retards.
Food is cheap and readily available. If this was 600 years ago, most of these people would be nothing more than a skeleton with their palm over their face
@dacypher22 Food is cheap my ass, where do you live?
SAME! lol. I say the same thing ALL the time! "How are you alive??" X'D
Exactly like have discernment
"This coin is different"
1:20 i feel so bad for this lady. You can feel her fear. I hope she got out
I can find a measure of sympathy for people who regret buying physical items, people getting scammed by crypto will never stop being funny.
As a person who's done the former several times, I can say that crypto are easier to dispose of (Move to a grave wallet and forget you ever had them) compared to that "Wonder Tool" thing you bought off QVC because the price was „Good“, and it's still BNIB today, 18 years after purchase... 🤣
I'm poor but I've also never lost a single cent to any crypto bs
You've done well in distinguishing between "betting" and "investing".
You've abstained from betting, and that has been a really good decision.
But I would invite you to reconsider the "investing" side of it.
Sure you haven't lost a single cent, but you haven't gained a single cent either. My best advice is, study blockchain technology and Bitcoin. That's it. Forget every other "shitcoin" out there and learn what makes Bitcoin, The King.
Whats your secret?
@patburns600I've never bought crypto in the first place
As i said in a previous video....
Who have thought that "investing" in fake digital numbers on a screen would be a bad idea.
"Investing" with real US currency too. 😅
@rt66vintage16they always tell me about how much its better than normal money, and everything will be using it.
But they always seems to refer to its dollar value and cash out when it goes up and cries when it goes down against the dollar.
Huhhhhhhh
Reminder that about 1 in 100 people are either narcissists, psychopaths, or sociopaths.
There is no shortage of predatory people like these in the video.
I am in my mid 50s, I have a friend that has been falling for get rich quick scams since the 1980s. She is a nice person but she seems incapable of really learning a lesson from past experiences and she has little ability to put effort into something long term that really would improve her life. That is the exact type of person these scammers are looking for.
I love watching your channel because I don't use TikTok (and never will) but need my daily dose of watching dumb people make dumb mistakes over and over again.
Rule #1: Don’t buy crypto or meme coins.
Rule #2: See rule #1.
Perfectly said!
Crypto is the future of finance. Most people just buy green candles.
@jacobheim5466 You guys have been saying that for 15 fucking years and still no one uses it for anything other than illicit transaction
Rule #3: open a roth ira and invest in the s&p 500 index fund instead (right?)
@jacobheim5466 Crypto only functions as a speculative asset rather than a functional currency. It's just not practical for daily transactions.
0:41 you were so disgusted you had to break the 4th wall INSTANTLY 😂
Five seconds in and he's already looking at us like it's our fault 😭😆
The irony of this video for me is that it keeps getting interrupted by gambling ads. And I don't ever gamble.
I saw a woman that got scammed by a romance scammer. Then she got involved with a company to get her money back and of course they were another scam. 🤦♀️
Have you got her number ?
Don’t these people know they could just send me that money instead, you’d see the same return on investment as you would with crypto.
Although I'm now relegated to a clean life, a person would be better of spending it on Blo and Ho. At least there' would be a dopamine fix in there somewhere.
They will do that, if you offer them hope of a dopamine hit seeing their money go up, however faint the chances
I’ve made six figures off meme coins will you send me a cash?
Really hate how all crypto gets lumped in with these scams. You can legitimately make sound investments and profit if you take the time to learn how to invest properly.
"......Annnnnnd , it's gone!"
Yeah, that was a bad day for us 🇬🇧💨🇪🇺. And _that_ geopolitical thing aside, all of the money has disappeared, too! 😆
" JUST WHEN YOU THINK YOU'VE GOT IT FIGURED OUT ... you're wrong ..."
If you don't know who the sucker in the game is, it's you.
@AnakinSkychucker...Dead money
Brother in law lost 300k recently and 1.6mil in his life time. He still thinks he's a smart guy.
Oh. You _"""accidentally"""_ shorted your house into meme coins. Sure.
Worst is the streamers or YT people promoting this scam in their pump & dumps and STILL allowed to be on said platforms. I blame the platforms as well.
No. If they believe scammers. They deserve to be robbed. Due diligence is a requirement of investing
@scienceofthemagi yes but at this point in time anyone can invest and everyone can invest and that’s the problem it doesn’t take a bit of skill. It just takes a phone now anyone with some money can do it and now everyone can get scammed because they’re all idiots.
The platforms have financial incentive to look the other way, like Amazon and the knock off companies. If your gut instinct is “this should be illegal”, congratulations! It is!
Oh shoot, I have to tell you this one.
Thirty years ago, a flat mate of mine, as a student invested in an emu farm in Australia. Just a thousand dollars. The emu farm didn't do to well. And then there was a flood, which destroyed the fencing, setting the emus free. The last liquidator report basically said, he (and the other investors) still owned the emus, if they wanted to go to the Australian outback and hunt them down, they could.
I think Hell is going to be looking for more real estate.
😂😂😂 i think we are already there
There is no quick money people.
RUclips is full of scam ads don't know how they're getting away with it. You're crazy if you buy anything advertised on RUclips.
And Facebook. Basically all the social media platforms have so much fraud advertised and it’s shocking they allow it.
You're CRAZY if you don't use uBlock and/or Brave with aggressive filtering set. In this day and age? No one has an excuse.
We have scammers putting ads out on corpo websites, and corpos themselves also scamming.
Something for nothing equals nothing
Its almost like it is a bad thing to be stupid with your money.
Like the old folks say" if it sounds too good to be true, it usually is!".
The old folks that say that are now on their phones 24/7 believing AI generated crap and transferring their 401K money to a Brad Pitt romance scam.
@ThompsonBinghamonly the gullible and lonely ones
Now it's "if it's too good to be true we want in on it"
@mrdanforth3744and you're right
Been with Zack since 23k
"I trade meme coins for a living."
_"So, no women in your life outside family?"_
If you get scammed more than once, maybe you need to reevaluate your life.
Never been more happy not to have spare money for these kinds of investments.
Economic desperation plus 50% literacy rates
You don’t think some of it is plain greed?
@libbyget5495sure, our society promotes selfishness and greed as its main values. Some people internalize it.
some guy flipped 50m into 35k on a phone app today
I work with a guy who’s betting his retirement in XRP and SHIBA. My man is not doing well. He was trying to convince me to put in thousands of dollars I passed.
If the money's not in your pocket, the money's not yours.
Bottom line
My nephew does this and watches it like a freakin hawk... it was like he wasnt around the entire time he came to visit.
12:40 IMMEDIATELY clocked that was AI
I'm seriously concerned at that, because I *didn't.* 😳
(And I may not be the smartest of tech people, but I'm fairly cautious. Being successfully fooled by an AI video tells me I need to be a _lot_ less trusting of video footage from hereon in. And people wonder why I've _never_ done video calls?)
@UK-Combustibility-Assureda big thing to look for is that AI doesn’t understand how to replicate natural pauses in speech so it always sounds very forced. The guy also had no emotion when he was talking and his lips barely moved. It took me a good few seconds to see tho
Within the first few words, for anyone versed in identifying it's quite easy, but can be very difficult, the speech is very monotone also, repetitive even, unnatural speech pattern, saying things like "my hands shook" is not something a normal person would use as a descriptor.
This is basically Finance Jerry Springer
"You can't cheat an honest man".
Steve Martin used to have a joke that went something like this: "...about how I turned 4 million dollars of real estate into $6.28." They ought to have a emoji face that just comes and laughs at you when the meme coin tanks! It would be fitting!
3:45 back in my day, we didn't go out of our way to publicly humiliate ourselves.
We're different generations.
So sad. Thanks again for exposing this. Its a great public service. You gotta do an episode on Roofing Contractor scams. They move into the midwest and south in the Spring, preying on home owners with wind and hail damage. They are bold, rude, threatening, and just plain evil.
It’s a law of nature ! There always will be idiots to bleed dry .😂😂😂
How do these people get this much money to start with?
There are multiple possibilities, but surprisingly, some people are actually great at earning money - the problem is they don't know how to save it or use it properly.
Others are from inheritance, and then others borrow money.
Also, others are just straight up fraud.
The USA are a rich country with high salaries
@secouepaslekombucha is that why most of it is on par with third world developing nations, often with even worse child mortality. US is a shithole.
Not spending it on Starbucks, Chipotle, mystery dumplings....
@charlyhop he's asking about how people get this much money to spend on Crypto, not how they saved money.
My friend's dad was a stockbroker in the early 80s and had precious wisdom. "In the market, bears make money and bulls make money - but pigs get hosed." and "Money is the root of all evil, but greed is the root of all stupidity."
The love of money is the root of all kinds of evil.
Read 1st Timothy 6.
It's so funny to me how there's thousands of examples, with each and every coin that was released, that it does NOT work and they always rug pull, yet people still continue to believe "No no trust me, this time I will get rich!" so for the fith time they empty their savings to buy said coin. Pure insanity.
I actually know someone who sold his Doge coin for $400k in 2020 & bought a house in the GreatSmoky Mountains near Gatlinburg. This married couple with a little baby were given notice that their apartment lease was soon up & their rent would be jacked up, so that’s why he sold it all when he did. .
I miss my lava lamp.
Biggest mistake is trusting Google! They are bigger liars than the scammers.
Yep it is true, "A sucker is born/created every minute,."
I'm old n poor, no excuses..but all this sounds like the old MLM's, if you know people, and you're in at the beginning, you might make some money, if either of those is the case, you will lose, and none of those original people will talk to you again. How they live happy, with their lives, and family, I don't know.
There was a millennial take on these in e-mail Ponzi's of the early 2000s. The _Send $10,- to everybody in this list, then move every name up one space, and put yours in at the bottom_ variety. 16yo me spotted the scam rightaway. ✉🚫👍
If I wasn't bound to absolute honesty (Damn my strict christian upbringing!) I'd have probably been sending them out with ten _alias_ names/addresses for myself to profit directly from the first nine generations of the e-mail. 😆
What’s wild is that there are now crypto MLMs that combine the two into an unholy combination of insider trading and pyramid schemes to prey on the rubes that think they’ll make millions off of bots and thirdhand information. Gets them coming and going.
Real virgin energy 🤣
Greed and excess will kill these bros.