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  • After what happened to Dogecoin, I thought that's the bottom, and there won't be anything

  • else that will surprise me. A meme literally turned into a multi-billion

  • dollar business just because of a few tweets by the king of the internet. I am not sure

  • what we should call Elon Musk at this point! The king of memes or the king of the internet.

  • Or the king of electric cars or the first president of Mars or the emperor of mars as

  • he calls himself. I think the question is not - who is Mr. Elon

  • Musk, but what is Elon Musk?! Don't get me wrong, I have always been a big

  • fan of Elon Musk, but at the same it really fascinates me that he can do whatever he wants

  • and get away with it. Remember how he tweeted that he would take

  • Tesla private when Tesla stock reaches a certain price point?

  • Literally, people rush to buy Tesla stocks after that tweet.

  • But that's not what we are here to talk about. Tesla might be interesting, but cryptos are

  • much more interesting these days. They are so popular that you can start your own cryptocurrencies

  • just as a joke, and it will turn into a multi-billion dollar business

  • Just like Dogecoin! Is there an easier way to become a billionaire

  • nowadays? I don't think so!

  • Even the dot com billionaires are jealous! And if you thought that Dogecoin was an exception,

  • then my dear friend, you are absolutely wrong! Another coin that isn't that old also seems

  • to have started as a joke, but now it worth 2.8 billion dollars. at one point, it even

  • crossed a market cap of 4 billion dollars. And what fascinates me the most about it is

  • that - no one really knows why it is rising! I have a question, guys - if I start a cryptocurrency

  • as a joke and call it Proactive Coin or Proactive Moon, would you buy it?!

  • Can we pump it to the point where it could worth billions, maybe trillions?

  • In the last video about cryptos, I made a case why everything that's happening with

  • cryptos now is not sustainable. We are playing with the fire, and everything points out to

  • a crush. Before you write down a negative comment - you

  • understand nothing about bitcoin. Bitcoin is here to stay despite you! so shut your

  • mouth! Please give me a chance to explain myself

  • That's not what I meant. I agree with you. Cryptocurrencies or blockchain, in general,

  • are here to stay! No one is arguing against that.

  • But any asset or technology, despite how great it might be, could be hyped and inflated.

  • Whenever something like that happens, it's destined to crash.

  • Take the internet, for example. It's probably the greatest innovation in human history.

  • It made our lives so much better. You can't even put a price tag on the internet. Whoever

  • bet against the internet definitely lost, but like any other technology, it took us

  • some time to develop it to the point where the entire world could use it and take advantage

  • out of it. And crypto's are no exception. If you understand bitcoin or blockchain, you

  • can clearly see all the great benefits of this technology, but we need more time for

  • us to exploit all the benefits out of it, but the hype around it doesn't care.

  • So here in this video, I want to share with you a few more reasons or signs why all this

  • seems like a bubble. The point isn't to criticize crypto, but let's just take a look at the

  • facts, at what's happening to have a better idea of where all this is heading to and when

  • is the correction or a crash is happening. So give this video a thumbs up, and make sure

  • to get your two free stocks from Webull. Just use the link to the description. You are literally

  • going to get 2 free stocks if you deposit 100 bucks.

  • And now, let's get back to the video. 


  • Remember the news when Tesla purchased 1.5 billion dollars worth of bitcoin. That took

  • the world by storm. It made bitcoin mainstream. If a company like Tesla is betting billions

  • on crypto, that gave it a lot of legitimacy, so a lot more investors jumped in and invested

  • in bitcoins shooting bitcoin price through the roof. However, in the last video, I said

  • that Tesla would most likely sell its share of bitcoins which is exactly what has been

  • happening latelyTesla sold 10% of its bitcoin and made a profit

  • of over 100 million dollars. The guy is genius. Hate him as much as you want, but he is capitalizing

  • on the asset that he helped to inflateHere is how it works

  • 1. Tesla Inc. buys some Bitcoin. 2. Tesla announces that Bitcoin is good now

  • and that it bought some. 3. The price of Bitcoin goes up, because institutional

  • adoption of Bitcoin is good for its price, but also because,, anything that Musk buys

  • goes up. 4. Tesla sells some Bitcoin, making a profit.

  • 5. Musk tweets that the price of Bitcoin is too high.

  • 6. Bitcoin prices go down 7. Go to Step 1

  • Right now, Tesla is sitting on 2.5 billion

  • dollars worth of bitcoin and over the year, Tesla will keeping selling them bit by bit

  • as the price keeps rising, which seems the most likely scenario, but only time will tell.

  • However, the point is, it's not growing organically,

  • but rather it's getting hyped. 


  •  When he changed his Twitter bio in late January to #bitcoin, the price of Bitcoin

  • rose nearly 20% in a matter of hours. If a single tween by Elon Musk can increase

  • the value of an asset by hundreds of billions of dollars, that's when you know that it's

  • not sustainable. In fact, there are people who make money by

  • just buying whatever musk tweets about and selling it a few hours later. That's one way

  • to make some extra cash on the side.  


  • Another way to find out if an asset is inflated is when prices go through the roof for no

  • real reason. The product or the service doesn't provide any real value, but people still invest

  • in it because they believe they can make quick money out of it. No one is holding it forever.

  • The goal is to get out before the pyramid crashes.

  • That's what happened with Dogecoin, and apparently the same is now happening with SafeMoon

  • If a single tweet from the king of Memes can increase bitcoins prices by 20 percent, what

  • do you think he can do with Dogecoin?! I will leave that for your to answer.

  • But SafeMoon is on another level because the

  • strategy initially was to invite everyone to join the token and disincentivize people

  • to leave. If you sell your SafeMoon coins, you will

  • have to pay a 10 percent fee. And here is the interesting part. 5% of this fee is then

  • redistributed to all other SafeMoon owners, essentially rewarding those who hang onto

  • their tokens and disincentivize selling. This is a brilliant marketing strategy to

  • keep people hold their tokens when others are selling.

  • I am not really sure what's the point of this taken! Only time will tell what's going to

  • SafeMoon. Another great marketing strategy is to issue

  • so many coins where each coin would just cost so little that people would think that if

  • the price of that token would rise to just 10 cents, which seems reasonable, they will

  • make millions such as 0.000004 cents which is the current price of SafeMoon after it's

  • astronomical rise

  • I think the developers who actually hold most of the coins will slowly or are already selling

  • their tokens and making millions of dollars. I mean, SafeMoon is valued at 2.8 billion

  • dollars at the time of this script, so if they hold even 20 percent of the tokens, they

  • can already earn a few hundred million dollars.
 Do you know when was the last time something

  • like this was happening? According to Mark Cuban, who made billions during the dot com

  • bubble - whatever is happening with crypto's now reminds him EXACTLY what happened to the

  • internet in 1999. Mark Cuban founded broadcast.com and sold

  • it to Yahoo for 5.7 billion dollars. Yahoo was the internet back then (even my

  • first ever email was @yahoo.comYahoo was that guy who felt like he is missing

  • out, so it purchased broadcast.com for 5.7 billion dollars, and Mark Cuban was the guy

  • who saw the crash coming and sold all of his stocks and got out right before the crash.

  • Guess what happened to broadcast.com? It went bankrupt, taking down with it Yahoo.

  • It was pretty difficult to spot the real legit companies from those who would go bankrupt

  • after the crash. Only a few companies like amazon survived the crash because it secured

  • funding right before the crash; however, it's stock price fell from 107 dollars to just

  • 7 dollars. 


  • I am not saying whether you should invest in cryptos now or not or whether you should

  • buy Dogecoin or SafeMoon. Don't listen to me, I am just a random guy on the internet

  • just sharing his thoughts on the subject. But here is what I will say - we can all learn

  • from Yahoo's mistake. 


  • 
 


  • And now it's time to go and get your two free

  • stocks from Webull. Not crypto stocks, but stocks from real companies. Just check the

  • link in the description. Anyways, If you have enjoyed this video, you

  • will most definitely enjoy this video that's on the screen.

  • And now give this video the thumbs up that

  • it deserves, and make sure to subscribe if you haven't done that yet.

  • Thanks for watching and until next.

After what happened to Dogecoin, I thought that's the bottom, and there won't be anything

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The 2021 Bitcoin Crash - Watch This Before Buying Bitcoin!

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    Summer posted on 2021/05/07
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