0:00 [Music] and welcome back to another exciting episode of the careful careful boys cryptos doing ████ cool right now except for me we are speaking of joe we are in what has been constantly spoken about whether uh directly or indirectly in the best cycle of the bull run here for this crypto market there's bull run and there's bear run but there's also apron what's apron yeah explain this to me he's speaking he's speaking language right now straight line up or what yeah how everything's about to go ballistic and we and we've been on this show before and we've talked about different cryptos and we you know we've got a little meta with some of our fans stuff like that and anybody who's falling to crypto corner with steve steve and or joe steve and or joe and or me when i've lost ████ point is you know
0:50 the the depth of how much we care but to get relatable to get serious what the ████ does that actually mean when when you succeed in crypto and what are you going to do with it what's the game plan some of you guys are out there i'm gonna do what i did last time where i went from a million dollars to 15 000. but also at the same time i think um investing in crypto has been part of like the norm like millennial society and younger where i see a lot of people talking about crypto trading nfts and all that so i feel like at this bull run there's actually going to be a lot of people that are benefiting from it can i can i can wealth transfer can i take a one half step back real quick and just talk about more of a macro concept of investments and the normalization of that right because obviously growing up uh investments not a new concept
1:41 everybody wants to get into it from my mind from my basic ass you know like just trying to figure it out and not being born into a rich family i think about things like your retirement fund your old ass ████ yeah getting into real estate even older ████ and honestly anything after that is uh not super quick to be accessible i didn't even think about investing until like 30 or later because you just hear about ████ real estate stocks whatever i wasn't ████ boring ass ████ but i think kids these days like crypto has a sexy element to it right like not controlled by the institutions it's decentralized and then so like there's a lot more kids even like they don't even know that though look i love you brother i love you but i think a lot of kids are like i know there's some do right but i'm talking about the the greater masses unfortunately don't even understand that
2:31 not 30 and above but i think all the young cats from 20 to 30. it seems like the norm now we're like okay cool i work at mcdonald's i'll play ten percent into some crypto yeah but right but the cryptos they pick are like some garbage ████ though that's what i'm saying but as far as like from what i see i'm a very casual crypto guy right well from when i see when people that get into crypto especially like young people it seems like it's more about the quick exactly it's such a mistake meme called the return that's why she will pump the way that it did that's why doge pumped the way that it did yes but you're not gonna make the long lasting gains like dude if you were just hanging out in my tara luna like i've been talking about the whole year um you you killed it compared to everybody you know maybe damned so many people uh but except for maybe solana like there's like one maybe who got away from me right solana solana crushed crushed it gotta admit crushed it definitely still don't see why personally because i
3:21 understand why luna is going to be huge and why the lunar rewards are getting crazier right now and for all of us who are staking luna it's like getting even sicker but but as far as like um where a lot of the younger people who are coming into crypto and they get excited about it unfortunately it's about the intermediate like or like the quick quick quick gains and i think that that's no different than just buying scratchers at the ████ like there's gonna be a lot losers love do you agree with that but i i do a of think one thing that i'm like what's kind of cool is even taking the first step into investing which is the concept of like making your money work for you i think it's cool that's what i like about this generation i feel a lot of people that lose but at least they're losing and having a lesson first hopefully they're having less energy for me i don't even get into it yeah let me go and admit to some uh ignorance and naivety i don't know if it was based off of either lack of education mentors the educational system
4:12 in general but the idea of having this is gonna be basic as ████ your money work for you is a ████ new concept for me maybe i learned it like four like you said uh 30s like four or five years ago max i was never uh mentored and truly taught the value and the avenues at which that could happen in my 20s and or in the entire education sector yeah dude i got my ████ financial aid uh when i was like 20 i don't know 21 22 i got like four g's for the semester i ████ bought rims with that ████ they were dope though right look you know it's that stimulus check kind of guys like dude imagine i took that and even invested it and that's actually what happened though a lot of people who got a lot of people who got this pandemic money they ████ pumped it into crypto that's what i like and agree about this generation or gen z or
5:02 everyone that's younger early 30s and younger right is this never happened before they're not as dumb but also we didn't have accessibility we didn't have robinhood yeah to go so we're considered what is retail investors right like everyday people yep um even if you got millions of dollars if you're not a wall street dude or a fund which is like a collection of you know ass rich people banks whatever those guys are the ones that always had the access to stocks and all this stuff we're getting ████ crumbs right but now with things like robin hood and all that and everything online we have access to actually do investing in whatever youtube too we got dudes like graham steph and all the like meet kevin and everyone teaching financial iq and making it um accessible i think that's the difference by cardano and so that's sad but but but no but to to really get into what
5:52 you're saying um what's so important too is like when a lot of these people are coming into crypto i think there's a lot of just negativity coming in because of all the ████ meme coins that happens right but if they were to understand that all this stuff has actual utility and use cases then it would be a different story but they don't understand that and dude for every like i have like a bunch of crypto corners right in my little group right my patreon group for every one of them they know three people who say i don't buy crypto because i can't i can't touch it there's nothing tangible i can't feel it and so or i'm too busy i i have too much going on if dude if you just put your stimulus check into ethereum like when everyone got on average at twelve hundred dollar signature that's worth like 35 thousand dollars today back with me and joe we're doing money masters we're telling people put the money in the ████ crypto yeah how much was the ethereum back then it was
6:43 80 bucks dude it was it was at 100 100 bucks 120 max when we were doing it so that's what i'm saying like like but no one was talking about that dude i had to do it a debate actually where and joe was like facilitating this debate between me and a guy who said he he thinks crypto's a ponzi and i was like hey i appreciate your perspective this is great to have somebody who just doesn't agree with me let's ████ go and and then like you know here we are today i had never heard from that guy again he probably killed himself [Laughter] but the point is like i bet you he still believes it's a ████ yeah that's what i'm saying exactly some people just lose he's waiting he's waiting for it to crash exactly in the game yeah he's a ruining cycle to end to be the bear market i told him i know people cashed out i told all you millionaires it would end but that's what happens all right when the market is down yeah like if you always say you kind of like well you kind of predict it
7:34 for the most part to me at least when the market's down that's when everyone is like cryptos ████ i mean yeah it's kind of like the dot-com bubble right when yeah it's a bubble like people were super excited stocks and all these things what people are paying for is how much it can be not what it's worth right now yeah like even tesla like right now are they worth the amount that they are probably not they're banking on the fact of all these projects of what they will be five ten years from now so that's basically what elon's charisma but yes yeah if you zoom out on all of it what he's saying is exactly right right like it's an algorithmically it's a going up like exponentially you can see if you zoom in there's dips crazy dips even 30 percent dips even 50 dips but if you really zoom out the entire thing has just been going up the whole
8:24 time it's a new technology being adopted like when the microwave came out there was a bunch of people who said i have an oven why do i need a microwave that's kind of suss i don't get it give me cancer so it went up like this exponentially over a couple of years it was flat and then all of a sudden it started the hockey stick up and that's what's happening in crypto right now you're in the middle of it if you're in the united states of america not even 18 of the united states owns crypto you're it's still early the idea that you're late is stupid like it's dude when you can start to use this stuff like anthony uses this stuff me and joe use this stuff bart uses stuff kinda and i'm a noob i'm a wife yeah nick's a new but you but you're kind of you're interested in it and ryan you have you've actually done well you've done well um you got some woo you're doing doing a good job i always look at the token of things because
9:14 describe tokenomics to me it's when you look at the the market caps and you divide it by the volume times the percentage and you get the extrapolation of the parabolic uh pass curve thank you see i'm glad you have the biggest house amongst all of us it gives me a lot of hope speaking of speaking of parabolic curves and early adoption and and raising everything let's zoom out of just crypto let's talk about just the idea of finance in general anybody here see the new inflation rate dude that just busted no it's a nine is it nine technically technically technically it's a documented six point two percent for 2021. uh but last month it was nine yeah so they come with the yeah today's video is brought to you by
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11:46 were to show you guys these ratings for example just over a yearly chart what's it mean anthony what's it mean okay so think about it for let's put it in simple layman's terms if you add 100 okay in 2011 infra inflation was three percent which meant that if you had a hundred dollars chilling in your bank if you had a hundred dollars u.s dollar cash three percent of it by the end of that year or twelve month period would literally pretty much burn based off of raising price prices of everything else everything else whether it be your starbucks coffee a cup of coffee or mcdonald's but how did it happen go figure hey not to be too much of a ████ here i do have to beat the drum a little bit me and this guy we're talking about this during the pandemic at the beginning of the pandemic we're like they're inflating your money supply you guys are about to get wrecked unless you hold assets because they're printing it like a ████ and we're guessing they're printing this stimulus checks so in 2020 the inflation percent
12:38 was 1.4 percent in 2021 which was just released it has now risen to 6.2 and they just the if the infrastructure bill that was just signed right now they printed even more money and this is why like full circle right like the whole reason why bitcoin crypto all this stuff started was it's actually an answer to ████ occupy wall street yeah read the satoshi white paper like that's what it's about and i remember back in the day i was like all these people going around with bongo drums protesting they're so ████ stupid dude if you really want to make a change do something effective and people got pissed at me and i was like this is what's a fact this is the effective thing like if you want to fight against the fed if you want to do something different if you want to hold on to your wealth this is the way you do it because fiat which is dollars printed money all this stuff right they could print it whenever the ████ they want they could
13:29 just buy it and just did it right now you're like you know what let's just print more let's print more and the more they print the harder you got to work for your freaking hours because the dollar isn't worth as much as it used to every ████ year maybe it just made it worse than ever why have a savings account now worse than ever used to be four percent i used to talk about losing money by saving it yep that's the craziest thing i don't it's a hard concept to grasp yeah because like when you look at money and the idea of money you'd think it's kind of like this like infinite thing and you don't know where it comes from or what it like how how the value is determined right and when you speak of inflation it kind of is intimidating it took me a while to really understand what it is but then my friends were saying like yeah if you hold this money you lose the value of it you lose it by not using it you lose it by not
14:20 investing into it and i'm like what do you mean and he goes well you know a cup of coffee back in the day you know it was like 25 cents right why do you think that s███'s like five dollars nowadays you know it's like it's still a cup of coffee or even houses like the house that my mom lived in that i grew up in in the 90s was like i think like 180 grand and now it's like 700 grand because they keep printing ████ money they keep printing more and more and more and more so based off of an inflation calculator for anybody there out there who enjoys numbers or understands things in 2010 so 11 years ago yeah 11 years ago if you had a thousand dollars that same thousand dollars in 2021 has a 26.8 cumulative rate of inflation which means you would need to have 1268 dollars this year in order to equal
15:10 the same value of a thousand dollars 11 years ago so so what does the uh simplify that what is again cumulative rate of inflation 10 11 years has been 26.8 the the value of now versus then like dollar for dollar so 1200 to 1 000. so you lose 200 bucks 268 so yeah if you're you know a minimum wage worker guess what you're getting railed railed and nobody's coming to save you they keep on raising the amount of money that they're printing every year yeah inflation and taxes raises hourly wages does it that's right and guess what cost of goods goes up yeah cost of services goes up cost of everything goes up but you get left behind and that's by design they don't give a ████ about you it's starting to happen too you go to certain restaurants you see the the signs they put up of sorry guys we have to increase prices because of x y and z a lot more and this is where sketchy conversation comes in because of belief factors and
16:00 understanding of what you need to do because there are times when people complain about situations and focus on the problem versus accept and understand that problems exist in life and then figure out solutions that make sense in the time or figure out opportunities exactly so all i know is we just elected democrats and their pro-worker and then we have a democrat president who's supposed to be a pro-worker and there's nobody who's a pro-worker so it's back-to-back same as it ever was same as having republicans in charge so hello hello we've been talking about this for years guys it's time to wake up and actually see they're taking your ████ life from you they're actually taking away your power that's why people want uh people say it's good to invest like no matter how much money you make because the economy is going to grow no matter what it's never and there's little dips and crashes whatever but it goes straight line no matter what so if you can take at least a percentage of your money and you invest like in stocks
16:50 real estate crypto whatever you're going to be able to grow with the economy and that's what's important that's what keeps you in the game because all the companies that you buy into these prices will continue to grow up but if you invest in them then your money will grow with them as they can continue to grow and you can well you can't learn that on your own you can't learn it from school because they vote against that in school they want to keep it as scrambled as possible because turbo tax is one of their biggest ████ investors congressionally you can look it up they actually kill legislation to make it easy for you to do your taxes because they want it to be complicated because they want to be able to benefit from it so you know the outrage continues for me because you can see the game laid out before you but then unfortunately a lot of people just don't see the game because they're inside of the machine getting played speaking so speaking of the game what's the end game profit yeah exactly using us as cattle it's what's happening what's the end game of like crypto then how how are you gonna navigate using
17:40 this like newfound generational tool that like 90 of americans don't use what is the end game so that it's actually practical and and it has real world usage because most of the people that i talk to about kubernetes that don't dive into it and understand it obviously we're already in a realm they don't understand it how the ████ can they process hey look just kryptoshiba on the blockchain that's what people think right but actually what's going on crypto is crypto is your financial system that's being duplicated on the blockchain decentralized so you don't have to compete with the banks because the banks are making 10 no matter what with your money at least minimum every year they're making 10 you can make way more than that using crypto right now using d5 elements that exist that simulate the same way that the banks use to make your to make your money make more money except that you actually get to participate you don't
18:30 have to so in layman's terms you are your own bank correct you're your own bank and what you invest in is part of your portfolio and they can't do anything about it i think that the beauty of it is they can't print more ████ crypto exactly like if you get bitcoin they can't print out of nowhere like a handful of people can't just get together and say let's just print more nope let's just print more and then yeah devalue all the hard-earned money that you saved up in your bank account okay for those of you who are like yeah but guess what they have so much money they just buy bitcoin right now no they can't because the last bitcoin gets mined 100 years from now they can't control the central power of bitcoin because bitcoin's still being mined so you're losing the concept of it because you don't understand it and it's not your fault it's everyone cnbc all these guys they all can't wait to tell you about how much of a ponzi it is how
19:21 much ████ it is but there's more and more politicians coming out showing uh that they have already bought into it for sure for sure there are there are coins where they can just like mint and make more ripple and yeah and that's fair what's the term for that when they ████ the whole company just cashes everything out red pool pool yeah so so people there are things like that so that's why you know do your own d-y-o-r-d or do your own resource the research is very very important uh but i will say that anytime we find out about like politicians legislators or anything like that that like maybe stall or inhibit right the the ability to like have something progress but then they have their own ████ fat ass stacker insider training stuff that is a huge sign to invest a dead giveaway as a
20:12 ████ gold ticket it was a scam what the apple ceo publicly announced that yesterday that he owns tim cook has ████ crypto even if apple doesn't guys crypto's bad for the environment i heard that six months ago and even though it got completely debunked because they use mostly hydroelectric electric power because they can't afford it to just plug it in the wall um i still heard the fud so i don't care like you see i'm saying like the fud works really well because the people who are haters get to use that as power for a little while and then unfortunately get wrecked everywhere so fud is fear uncertainty and doubt and i mean this has been in stocks too but they do this to scare people out of selling it not doing it whatever so then people that want to buy for a cheaper price can [Music] buy the dip as they say and being here regardless of what may seemingly almost seem like over saturation of the concept of the topic of crypto it's we are in a
21:03 ████ revolutionary generation i don't think this type of information and the uh brashness of how we talk about it is actually we might have to do a full hour yeah we should not available enough i don't think enough people understand the severity of timing is everything think about timing your ████ relationships you know what i'm saying like imagine that in your financial lifestyle and relationships we are in what has been notably the dot-com internet style era and arc of our time for our generation when we were ████ little kids in elementary and high school and we didn't know ████ about investing into things like aol.com or yahoo or ████ whatever and everybody made millions off of something that was like unbelievably how is the interwebs going to be a thing i'm not going to buy anything online yeah we are literally so stupid yeah the internet of money is
21:53 happening the internet of money we are web 3.0 the internet of money is happening anybody who denies it is only going to make those of us who believe in it richer so thank you or they work at western union good for them but but that's part of what's going to happen right so the power centers are going to shift and all the people who live in like latin american countries who use western union to send money home the western unions of the world are about to get wrecked and they should they should have gotten wrecked a long time ago there's predatory fees preying on migrant workers they can't wait to pray on them and the the power is about to get unleashed so that when you travel to a like say you go to another country and you are subjugated to their prices like you have to trade for their dollars you don't have to do that anymore you can do it on the blockchain and you can use your phone use a qr code boom boom and you can interact with a merchant nobody else's permission it's one to one and it trades your uh currency for their
22:43 currency using crypto on the back end and nobody even knows what's happening bitcoin is already the official currency for el salvador right yeah a few thousand yeah legal tender i do want to mention that like a lot of people like you know they're intimidated right because you said like we don't grow up rich or whatever and then we also have a false idea of you have to grow up rich to understand this stuff yes but i just found out that you know that forbes 500 list of millionaires and everybody pays to be on yeah sure pays to be off but let me let me let me let me tell you this though only sevenish people got their wealth from inheritance most are first-time millionaires billionaires most are people that grew up from humble middle class regular kind of things you know and they built their wealth over
23:33 time you know doing normal boring ████ that rockstar billionaire stuff that's a real small percentage so that's that's everyday people like everyday people has a chance to go out there invest and do stuff but they don't even open their minds to this possibility because we all have it in our thoughts like oh yeah you know like you got to be rich or born rich to have this like access but in reality most of the people on that list 90 something percent of millionaires they did it on their own so that means everybody watching you know like you guys have the opportunity yourself you don't you might not be a ████ billionaire i might not but you know like but like the possibility of becoming upper middle class or doing well for yourself that's totally possible so possible your banks are your banks are ████ you guys gotta be fired up you can actually make sick multiples your banks
24:24 are who are collecting those multiples and for themselves and they're giving you the the bullshittiest returns you could ever get i promise you you can do much better didn't you send me some certificate of deposit that was like point five percent yes and the bank was bragging about point zero five it was an advertisement crypto corner with steve green promise you change your life [Music] [Applause] [Music] you
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