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#Crypto #Cryptocurrency #podcast #BasicCryptonomics
Website: https://www.CryptoTalkRadio.net
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Episode Transcript
[00:00:00] Out of cycle update gamble if you must. We're still gonna warn people. Cryptotalk FM. My name is Lyster. I am your host. This is not a news update. It's an attempt, possibly a futile one, to try to help keep people safe with a little bit of FYI, a little bit of informational.
[00:00:21] There's a garbage token that's getting chatter and not because it's being, I mean, certainly influencers are talking about it, but it's not, it's not that. It's that coinmarketcap is shilling it. Some exchanges are shilling it. It's getting some, there's not like paid ads, but it's, it's getting some traction and that's fine, you know, hey, but I noticed a post and the post, I figured I'd put some out just to put my voice on it. Ignore lyster if you must. Hey, user mrcrypto says, paypay. This coin made me five grand already and I took my last 15 grand of life savings and put it in. If I could have used the equity on my home, I would have been up fifty k and soon would be able to pay the house off. Sounds not smart, but this coin is going to make people millionaires. Hope I can hold that long. But hundred k and I'm out.
[00:01:19] Stop. So here's my message. When I hear people say, quote, I took my last 15 grand of life savings, unquote, and put it in a garbage meme token, you're rolling the dice hoping that it's gonna win. You have every right to do that. It's your money. I don't care.
[00:01:42] I'm going to advocate for anybody listening to me that you don't do that. I'm not telling you not to invest in something that looks like it's got something, but you should not be putting your almost cussed. You should not be putting your freaking life saving all your life saving all my money. Stop doing that. Stop throwing everything at something.
[00:02:05] Take a bit of it. If you've got 15 grand, why not take five of it and put it in there, let it increase. Because with this recent run of this garbage pay, it easily would have doubled it. Put your 5000 back in your life savings where it belongs, almost cussed again and let the other five ride. And just be patient knowing that it's just raw profit anyway and the risk isn't zero because you got your money back.
[00:02:37] This is what I'm talking when I say smart investing, but people talking, I'm just going to take out home equity loans. Use my home as a freaking ATM machine. I'm trying to stop from cussing because of how stupid this guy is. Using your home as an ATM on cryptocurrency, gambling, folks, is not the answer, and I will never advocate it and I will never support it, and I will always try to talk you off the ledge.
[00:03:04] Because what will happen if such a token crops. Oh, I lost all my money. This is why we need regulations to protect people. Because that's what every fucking people. I'm sorry, I got to do that one. Every fucking person does that. That's exactly what happens. That's why this crypto gambling of all your assets is the wrong answer. Because they don't own that. They don't say, you know what? I rolled the dice. The house wonde. That's on me. That's not on the regs, that's not on the crypto. It didn't do anything wrong. I did that. I made a stupid decision. I didn't listen to Leister, and I gambled my life away. They don't do that. They start screaming for regulation. Those idiots up there saying, well, see, we told you we sold. That's why we gotta lock it down.
[00:03:50] That's the problem.
[00:03:52] If they would own it, if they'd be accountable for their decision, their decision, I wouldn't have so much of a beef on it. So I'm going to say, do not throw every last frickin dollar you got at something, certainly not your life savings. Stop doing that. Stop yoloing into garbage projects. Don't even Yolo into ethereum or bitcoin or whatever. Stop doing that. Take a portion of it. That's fine. If you choose to get into crypto, take a portion of it in something like this that easily doubled. Sure. Take your original investment back. You're now at net zero. Everything is profit, everything is fair. If you lost what was profit, you're still at net zero because you have your stuff back. And let that. Let it sit there. Because maybe it does run and it's going to take three years to get to a point of dropping, let's say, three zeros. Well, hell, if he had put, let's say he put 5000 in the shit, right? And it drops and it three zeros out. Dude, he's, he's made. But he's got to wait three years.
[00:04:56] What the fuck is the difference? You still got to wait anyway. What's the difference? Put yourself at net zero. Don't put yourself in the red up jump. So you can ignore Lyster crypto talk fm. That's cool. I'm putting it out because I don't want people get the stuff took and certainly not your life savings, taking food out of your family's mouths, taking potentially a roof off your family's heads because you have a gambling addiction. I'm going to say, don't do that. And if you're smart, you'll listen to me and you'll come back to me and say, you know what, Lyster, I'm going to give you a credit. You called it. This is what it is. Maybe it craps, maybe it runs. The point is, Lyster, I appreciate, you know, you're helping keep people safe out there and you're helping people invest smart because those are the ones who actually get the money. Its not the ones who yolo, those guys and girls go broke. The ones who invest smart, theyre the ones whos got the cash. Theyre the ones who get paid. Remember, I dont even depend on cryptocurrency at all because I do it smart. I have investments. I dont Yolo in any damn thing. I will never advocate that you do. You can ignore it and go ahead and do it, and maybe you do win and ill celebrate if you do. I'm still going to advocate you don't do that because it's too risky and you should not be putting your family at risk because of your addiction.
