[00:00:01] Welcome to Crypto Talk Radio, the podcast for everyday investors like you. Visit us on the
[email protected] and now, here's your host, Leister.
[00:00:13] Thank you for that, Bailey, and welcome everybody out there. And Crypto Talk radio
[email protected]. well, hello and thank you for dialing in again. CryptoTalk FM. My name is Leister. I'm your host and I am going to be. I'm going to come across as if I'm disinterested. Look it up. And you are not misinterpreting the sensation. I am disinterested in cryptocurrency. That is true. However, there were a few events. I'll talk about a couple of the events. There's a couple of things I observed. I'll talk about what I observed. I'll do the best I can to not sound disinterested. I don't want you to get that. I'm just warning you, spoiler alert. It is going to come across. I can't help it because it sucks, right? Not the price down. That doesn't suck. That's a buying opportunity for anybody still in it. It's simply the overarching situation of cryptocurrency. There's so much going on, from Eric Trump to Idiot Vidlik and everything in between. The clarity act that has no clarity. The banks and all they're trying to do, the war situation, everything that's happening that is exacerbating, look it up. What's happening and affecting people's morale and sentiment. And sentiment is going to be my core topic today because I think some people don't understand the importance of sentiment. Some people don't resonate with the value of sentiment and why it matters and why it's important that we keep focus on sentiment because without it, you have crap. Tons of panic. That's what you have right now. That's what I'm going to be talking about. It's going to be the vast majority of my episode here today. Bear with me on my magic carpet ride. It's important that I get my message across because some people I see don't seem to get it.
[00:01:56] Coinmarketcap.com we are going to zoom out to the month chart, starting with bitcoin, which of course remains in the downward trend that I said it was last week where some YouTubers told you that it was not downward, it was actually headed upward. And hopefully you understand when some of them don't know what they're talking about and they just expose themselves and you realign and realize that some of those people aren't worth listening to. It's obviously up to you. That rhymes. But I'm telling you and warning you, some of them are simply not worth listening to. They're telling you weird things. They're flip flopping because they don't know how else to get you click other than to trigger you with a headline. That's straight bullshit. That rhymes. The thing is like some of them are flip flopping to precious metals, some of them are flip flopping to Ethereum, some of the flip flopping on Trump, some of them are flip flopping on Iran. It's just flip flopping. Nothing but flip flopping back and forth and up and down. So bitcoin currently at the $64,000 mark, roughly headed down. I still see a downward trend. I still don't see upward. Some people estimate it, it's grossly oversold. The RSI is in a bad spot, but grossly oversold to the point that it should start having some upward trend here soon. It's not what I see. Let's hope so. But it's not what I see. I see more down, I don't know, I see towards roughly about $60,000 mark at this point. It the velocity slowed down, but I still see downward pressure. Remember not just a week and a half ago, ish, we dipped almost down to like the $62,000 mark. That I think put more pressure on it than would have been the case because prior to that it was kind of a steady decline that had some opportunity to rebound. I just don't see that rebound happening in the short term. Not that it won't ever. But in the short term I don't see that happening.
[00:03:36] The second one, which of course ties to my news a little bit later, is Ethereum. And of course Ethereum is at this point following the price pattern of Bitcoin because Ethereum also shows the same downward trend based on the same downward pressure that we saw on bitcoin. But the bigger news is Idiot Vitalik was once again dumping major amounts of Ethereum. People are getting absolutely pissed off and livid, which I love to see. I love to see them turning on this idiot. I said that.
[00:04:03] I've been covering that for months. I've been telling you the guys, he just dumps on your head. People made excuses. They're like, well, he's giving to these causes and he's, he's paying into the chain. He's paying salaries. And I said what? I said before, which is, you know, there's ways that you could just give him the Ethereum and let those people choose. You don't have to dump straight out. And some people speculate it's the girlfriend. I don't know that is or isn't the case.
[00:04:26] But all of this boils down to one key point, which is optics.
[00:04:31] Sentiment.
[00:04:33] When you have idiot Vidlick do major dumps only when Ethereum's down and he does them in large volume. And it doesn't matter because I saw some YouTubers say, well, he still has 200.
[00:04:45] It doesn't matter how much he has left. When you're a retail person, you're a regular layman person and you're barely holding 0.1 eth, and then you see this idiot selling thousands of it off to the side, you don't understand how that impacts the sentiment. People think something's wrong. Something is wrong, but not fundamental. It's really more around sentiment right now. His actions don't help the situation.
[00:05:13] That's what the fucker doesn't understand. And I'm sorry, I'm going to call him that, because he doesn't get it, because he keeps dumping. And those that support him are just as bad because you should not support somebody who willfully dumps on your head that way. See, I wouldn't have a problem if it was like, we're going to take this Ethereum, we're going to convert it into Bitcoin, we're going to add it to the Ethereum reserves or liquidity pools, because there you're trying to strengthen it using Bitcoin on the back end, knowing the bitcoin to rebound. That's not what it appears he's doing. It appears he's just dumping off for cash, which again, harms investor sentiment because they don't understand why he's doing it. And his excuses don't help the matter.
[00:05:51] Somebody else made the point that I agree with and I think I might have mentioned this before, which is, well, wait a minute. If Satoshi had came out of nowhere with all the freaking bitcoin he's sitting on and started dumping major amounts of it, you'd call him a scammer. You'd call him a rug puller. Why does Vitalik get a pass? That's the cult that I refer to. There's a cult in Ethereum where this guy can do no wrong. Somebody on the YouTube side a while ago said, he's just a developer, he's not a leader. He's not. He doesn't do anything but build code. He is not the kind of person to lead the project, which I agree with. They need a spokesperson who understands business. And more importantly, let's say all this Ethereum he's sitting on is his. Let's say that he owns it. Personally, I don't think he does. I think it's the foundation. But let's say he owns it himself. If he owns it himself, he has the right to sell off the shit. But they need to have a spokesperson who's going to buoy, look it up, support, emphasize, strengthen the morale around Ethereum. Not somebody who's just going to lie to your face and bullpost and then go and dump on your heads. And I'm going to maintain that stance and hopefully you ride along with me on that stance because you see what he's doing at the wrong time.
[00:06:59] Speaking of wrong time, Eric Trump is in the news and he's getting beat up because allegedly I didn't see this because I'm not on social media, but allegedly he's deleting any kind of cryptocurrency related posts. I did not see this. If somebody has information about what they did or did not see, let us know. CryptoTalk FM hit the contact form, let us know what it is you saw. But that was the messaging he was going through, finding all the crypto related posts, deleting them separately to this. Of course he's associated with World Liberty Financial.
[00:07:31] I did coverage just prior to World Liberty Financial's launch and I exposed that there is somebody who's one of the developers on World Liberty Financial who was exposed to a rug pull. Essentially it was a rug pull and I said that chances are it's going to have some sort of breach quote, some mysterious something where funds are going to get drained. Like you can do a search on our site CryptoTalk FM, it's still on YouTube. It's on our site where I talked about what was likely going to happen and I called it spot to finish where allegedly recently there was some draining of funds connected to USD1, which is the stable coin that they launched on the side.
[00:08:10] But allegedly I didn't see this, that there is no impact to people's money, rather that the breach caused the negative sentiment shift which triggered Eric Trump to start deleting crypto related tweets. So I'm saying if anybody has any visibility into what they saw, CryptoTalk FM hit the contact form, let us know. Meanwhile, please do check our site, check YouTube where you can see Leister was Telling you the truth about what was going to happen to World Liberty Financial because of the person behind it, he has a pattern of doing this before is my point. So it's nothing new.
[00:08:42] We expected it, we understood it. And of course people are blaming Donald Trump for that. I don't think you can blame Donald Trump. What you can blame Donald Trump for is the Trump token, which of course had a major dump and has been dumping ever since it launched, never recovered. The Melania token called out as possibly a scam, not because of her, but because she partnered allegedly with somebody who was doing some shady business and then that person was draining off the backs. So now the entire Trump conglomerate has eyes of scrutiny placed upon it separate from that, then the Clarity act is struggling. They're not getting it forward. There was a compromise put forward that nobody should like that said, okay, we'll yank the yield for just sitting on the tokens, but we want to allow them to get some sort of financial benefit from for using the tokens in, you know, transactions and things, which is something that I offered forward. I did say there is at least one senator that listens to the show. If you stole my idea, just give me credit, Please give my credit. Regardless, it's a good thing to consider, but it, it's allying with the banks, it's bowing to the banks instead of telling them what's going to happen, which is they're going to do the yield. You can compete by increasing your rates, but we're not going to cut them off in the knees. What they don't want is the yield at all. So I don't think it's going to make any forward traction happen as a result of the compromise. Time will tell. But that's also got negative sentiment on the Trump side because Trump committed to getting the Genius and the Clarity over the finish line, even meeting with them directly. And so far there's not been significant progress. Instead, what you're seeing is an adamant pushback from the banking industry who doesn't want to compete on a level playing field and thus does not want you to, to have yield as part of the stable coins. Meanwhile, they don't really care about anything else because those things are not a direct threat to the banking system. They don't want people to make a dash getting their money out of the bank, putting it into stable coins and making more money than they would make with the banking system. That's what they do not want, because they don't want it. They're going to do everything they can to Lock it down and block it, blockade it away from you. That's what we're still sitting on. That's hurting the situation.
[00:10:52] Bombs over Baghdad and Iran and everything else is hurting it. People say it's not. It is. I guarantee you that it is. More importantly, Donald Trump takes an L from the Supreme Court. I should clarify, not the whole Supreme Court, simply the liberal Supreme Court, one of which is a person who put, who was put in by Donald Trump himself, by the way, that Barrett. But the Supreme Court liberal side voted 6 to 3 against Donald Trump's tariffs. More specifically, they voted against the actual act that he was using or in employing to impose the tariffs, which allowed him to set tariff levels as he saw fit. That's what they had a problem with.
[00:11:34] Clarence Thomas, to his credit, and he deserves respect, called it out. This is something Congress has delegated to the president. Of course he has the right to do it. The liberal one said, no, you overstepped your boundaries. That's not what it's for.
[00:11:47] So Trump came, he did a rant on Truth Social that basically said, this is how stupid this is. I can't charge a tariff or a license fee, but I can yank their license all I care to. I can control whether they get a license, the license has a fee. So what you're saying is I can punish them at the license level, but I can't charge them for the privilege of doing business with us, which is stupid. And somebody asked him, there was a press thing he did where he was talking about it in response and somebody asked him straight up, okay, well what do you do now?
[00:12:17] What happens to the money that you collected on terrorists, which is billions and billions of dollars. And Trump said, that's a good question, isn't it? It's a very good question. They didn't even address it. They didn't even answer it, didn't even answer the question. So since they didn't answer the question, it's probably going to be locked up in the court. I don't know, it's probably going to be some sort of a two year something. And then meanwhile, we're not going to return any money. He didn't say that they won't, but he, somebody else said, so what you're saying is you're not going to return the money? He said, didn't you hear what they just said? I just said he didn't say it. But he implied he's not going to get the money back because he feels that the decision is going to get locked up in the Court system for two years, because look how long it took for the Supreme Court to even render a judgment around the tariffs. Meanwhile, he was applying them like crazy and nobody said anything. That's his point, is, well, it's such a slow process. He's just going to keep on going.
[00:13:06] And he said, I've got other ways, I got other plan B, I got ways to do it. And so there's another act he calls. It's like three acts he's called out, but they limit how many, how much tariff he can apply against the companies. And then you got companies where they were trying to negotiate for lower tariffs. And so now he's got to switch gears on this. But meanwhile, he said he's not giving the money back, which is open up and open question. And the Supreme Court said, you need to go through Congress. Supreme Court, minus Clarence Thomas, the liberal side. Right. Said, you need to go through the Congress to do it. We understand Congress is going to fight the President because that's what they do. The only way he can make that happen is the one thing he doesn't want to do, which is filibuster. If he just says, look, this is what we need to do, we need to put it forward and we need to expedite it, then the ones that control, which is not all of them, this is where I'm getting at. The ones that control, they'll go and put it through. Then they're going to hit a point where they need a certain number of Democrats to go through or they have to do a filibuster. That's what they don't want to do, is the filibuster, because it opens up the door for the Democrats to do the same thing. If they got into control. That's why they. They haven't done that nuclear option, quote, unquote. But that's what they're pushing. If it's really that big a deal, push it through Congress, let Congress delegate you the authority, then you can have at it. Trump's saying it. No, they already gave me the authority. They gave it to the bill, which he's not wrong. They already delegated the authority. It's written in the law. But the liberal judges, they're trying to just block him and slow him down a little bit because they understand that the terrorists have a downstream impact on American citizens. It comes in in the form of higher prices. Everybody understood that was going to be the case. What he was trying to do, as I said in one of my older episodes, is he was trying to get Them to bring the manufacturing and bring the jobs back to the United States. Do the mining. United States, do everything. United States. Stop going to those third parties because we're going to make it harder for you with the thought that if they go and increase your prices, all you care to, those customers are going to go away from your business. You're going to shut down. Look what happened to Wendy's. Freaking Wendy's shutting down. Hundreds of stores, tons of other stores shutting down because they don't want to adapt to what he was trying to do, which is just do American and you save the money. None of that worked. It didn't work for the stores, it didn't work for the customer, it didn't work for Trump. We're right back where we started. He's still pushing forward. He's still doing what he thinks is the right answer. That's also having a contributing factor element to it. Everything that you see in cryptocurrency is playing also because people are now wondering, what the heck does that mean? We're not going to get the money that we thought we're going to get. We're not going to get these stupid checks or whatever they were talking about doing. Then you talk about the student loan situation. The student loan situation is the protection, financial protection, that Trump's been trying to unravel. Everything that Biden was trying to do, trying to unravel all those things.
[00:15:51] It's a chaotic nightmare right now, which is everything. It's all the thing I talk about and more. I haven't talked about all of it. I talked about the big hitters right now.
[00:16:02] I don't have any advice for you. If you're curious about what to do during this time. I have no advice for you. I'm simply breaking down what people are feeling and thinking at this moment as they're watching what's happening with their assets sitting in an account. My One of my ETFs is like way down to the point I was gonna DCA back up. Cause I figured why not?
[00:16:21] And then I held off a little bit. Cause I have a large expense that I gotta deal with. But I thought about it. I seriously thought about maybe I should just DCA because it's so low. This would be an opportunity to essentially double the bag. What it was, and I think there was. This is one where I took profits like way back and I could just DCA back into it. The reason I hesitated beyond the large expense was capital gains. And I was trying to be mindful of any sort of Risk of capital gains being incurred right now because I'm trying to do some other work around the house. You might be in a similar situation where there's money that you need for things and you are trying to figure out, do you take the chance of putting in a cryptocurrency? I can tell you to go back up. I can't tell you when. I can't tell you how low to go before it gets there. I can tell you it's a buying opportunity right now. Absolutely. So if you are deciding all of them are a buying opportunity, even Ethereum with the idiot, but they're all buying opportunities and there's sky's the limit on those as well as precious metals. I'm not going to talk in depth the precious metals today, but precious metals are also a buying opportunity and something to think about.
[00:17:25] The last bit of information, this is more personal, not personal, but it's directly to you from me as something to think about. There are people listening to the show CryptoTalk FM who came from a different world. When I say a different world, I mean a different cryptocurrency. I mean a different space. You might have been social media, you might have been something else. You came from a different place and you're still listening to me. And I appreciate you. I appreciate you still being here because it's a challenging journey. It's. It's draining. Right. Frustrating at times.
[00:17:59] Some of you, not all. Some of you that came from a specific world that I won't name.
[00:18:05] There's things going on right now. This is the most recent. There's things going on.
[00:18:10] And I said we need to redefine what scam means. At the end of the day, we need to be very mindful when we try to call something a scam with no direct evidence. And we need to be mindful of threatening legal action with no real basis. Yet this doesn't suggest that you should not consider legal action when you can prove you've been wrong.
[00:18:34] A lot of people have it in their minds that they should just pursue legal action on the. The smoke of it. Right. We suspect that this is going to be catastrophic. It's going to be a problem and we're going to get cheated and all that. And you are absolutely within your rights to do that. I'm saying I think it's a waste of time until you prove wrongdoing. Then you use the proof, the actual proof. When I say actual proof, what do I mean?
[00:19:02] If you choose, because you're an idiot, let's say to Give, I don't know, $100,000 to some project because of bullshit marketing, right? You just, you chose to do that. Okay, the marketing gotcha.
[00:19:16] At what point do you own your accountability and your part to play in what happened to you? At what point do you own that? At what point do you say I was a dumbass because I gave way too much money?
[00:19:30] And what was based on it was based on marketing. BS Marketing. That's what drove you, that's what compelled you to it. To me, that's a personal accountability breakdown because you're constantly told not to invest more than you can afford to lose. What I see often is people that will put in way more than they can afford to lose and then they blame the other side that took the money.
[00:19:54] I saw this with Libero, I saw it with Seifu, I saw it with Tatano, I saw it with Drip and countless others that are no longer in existence. And I'm now seeing it again with yet another of these projects.
[00:20:05] Again, some of you, that you were involved in, where I was at least at one point, partially involved in said project that I gave warnings that the so called consensus didn't want to hear.
[00:20:18] That's why I don't want to name them, because I don't want to give them any sort of airplay. They don't deserve promotion because they're dumb asses. I'm not saying you, I'm saying the consensus are dumbasses. But the consensus is the reason I do not waste time on it. I will say I've watched, I've, I've heard, I've had some people who were part of that and they remember the coverage. They actually appreciated the coverage and I appreciate them. And they're giving me notes and information. They're still giving me tips and tricks. They're telling me, yeah, this, this dude over here, he, you know, he is a dumbass. He took his mom's money and this one over here, over 100 grand and just all sorts of. And it's not that they're unbelievable, right? Because I already knew some of these people are dumbasses, but I didn't expect the level of dumbassery that I'm hearing from people. So I appreciate this. These spoilers being given off to the side and I get a good laugh and, you know, all I could do is laugh it off because from my angle right now that even that person as dumb as he is has not gotten so called ripped off yet. Yet, because that person chose to allegedly give his mother's money To a project. I mean, shouldn't mom really take that person over her knee and spank the hell out of him? Because why would you do that? Why would you? Like think about it. If you're a good son, right? Why would you take your mom's money and put it in a garbage crypto that has nothing but marketing has no project, Real project. It has no product.
[00:21:50] It has no real leadership. It's a bunch of AI crap. It's nothing. There's nothing there. There's a bunch of shillers and influencers and that's it. It's a bunch of marketing. Why would you. And. And secondly, right? How can you be so broke that you need to get money from your mom? And you're a grown ass man Like I. I struggle that. That's why I'm talking about accountability. I'm talking about at what point do we be accountable for our own decisions? Should we not say Saitama? Great example.
[00:22:23] There are countless people that put at least 10,000 bucks in it and made a crap ton of money despite it being a scam. It was a confirmed scam, but they made crap tons of money. So I understand the thought of just gambling roll the dice with a bank of money off of nothing. Because Saitama didn't have anything. They told you they did. They didn't. It's the same thing as this.
[00:22:45] But I always am just mystified later if you didn't win so you didn't cash out, you didn't sell. Saitama was a live product. It was a token, I should say.
[00:22:57] So they cashed out. It was a live token.
[00:23:00] Then you have this other project. It's not live, so you don't know that you can cash out or not. You're assuming you can't because of nonsense. And to be fair, the nonsense you were told is something you believed, you actually advocated, you actually supported. You told other people it was legit.
[00:23:16] At what point do we own our own accountabilities, folks? At what point do we say, you know what? I'm the fuck up here, okay? Not everybody else. They're not the fuck ups. I'm the fuck up, okay? I'm hush the fuck up. I'm the one. When do we do that? When do we own our own accountability for these fuck ups? I don't know.
[00:23:36] The reason I'm sharing it with you is because the lack of accountability, the refusal to own your up, not you, which I'm saying the refusal to simply sit down and say I shouldn't have done that, it's wrong of me to try to put that blame on somebody else instead of myself. And I need to be listening to other people that are calling it out.
[00:23:57] The lack of that, the lack of self awareness is it's, it's a turn off, let's put it that way. It's a turnoff. It's a turn off to everybody that's around.
[00:24:08] Because no matter what, let's say said projects launch, they're just garbage, but they launch and you get money.
[00:24:18] So now you do this rush to judgment saying you got cheated but you get your money back. Did you get cheated?
[00:24:27] Now if you're trying to do legal action, whoever it was that you said ripped you off can prove no, we didn't rip him off, he got his money back. That's a lie. Everything says a lie. We launched, we gave him his money back. Every last red cent was given back to him. Nothing of what we said was ever stated as a promise.
[00:24:49] We can argue false marketing, we can argue bait and switch. We can argue all these things that certainly are unscrupulous behaviors, but that does not generally lend itself to a personal like a punitive damage type claim or class action claim or anything that would enrich an individual, like a disgorgement. You wouldn't have any sort of justification for a disgorgement simply because the marketing was bullshit.
[00:25:16] So I'm simply sharing for those that do know what I'm talking about.
[00:25:21] It's up to people, whoever want to do that and be Don Quixote's as all the character is great, but these people don't seem to get it.
[00:25:31] Because if it's, if. If it turns out that they get their money back, they have lost their case. Their case is null and void, dead in the water.
[00:25:40] That is the risk of acting too soon without a real game plan. I don't mean a fabricated game plan. I mean a real game plan that's well thought out. Because the things I hear and see are not well thought out. They are emotionally driven. They are driven off of being embarrassed, frankly. And those tend to fail more than they succeed. I am not in it and don't have any intention to be in it or aware or possibly, you know, passively focused on it. I will not. But I'm simply sharing feedback from the midst.
[00:26:13] All of this with crypto and pricing. It's all connected in one key way and that is that people don't understand. They overreact sometimes it's appropriate with idiot Vidalik for example, but they generally overreact and the market, whatever market will react accordingly. Your job is to make sure that you are not emotionally driven by the actions that you do. Whatever the actions are, do not let emotions drive your action. Be thoughtful about it and do your own research and be smart.
[00:26:42] Don't just leap because an influencer tells you to do it. Don't just leap because marketing tells you to do it. Think about if it makes sense for you, and damn sure don't put more money than you can afford to lose. Please, Sam.
