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How could you feel comfortable investing Or or trading Dogecoin when literally Things that have nothing to do with Crypto affect the price like this three Percent in five minutes [Music] Foreign [Music] [Music] [Music] I want to wish everyone a Happy 420 day And on this day why you look so tired And on this day one year ago bitcoin's Price hit 420.69 Well on 420 last year 2022. so 42 600 I Thought that was pretty fun let's talk About this 2010 2011 my stepson said Wendy can I borrow your credit card to Buy Bitcoin this is 2010 2011. and I was Like no I don't know how this works I Felt really uncomfortable I didn't Understand what intangible cash was I Didn't know what digital cash was I Didn't know what a digital wall was I Was like this is weird I'm not going to Do it buying Bitcoin way back in 2010 2011 I guaranteed most of the bit Squad And this isn't a slam guys most of you Guys weren't in crypto then and that's Okay I wasn't either I heard about it But I was like I'm not intelligent Enough to do this I didn't think I was Fast forward You know as time progressed we've had
All of these amazing on-ramps and Off-ramps for cryptocurrency and it Makes it easy to buy Bitcoin okay back In 2017 when I entered the market what You did was is you went on coinbase or Gemini you bought Bitcoin you moved it To like a bittrex or a coup coin or Whatever was available then and then you Were trading in altcoin Bitcoin pairs That's what you did okay without a On-ramp like coinbase coinbase is like One of the most well-known Brands like Everybody knows what coinbase is and I Guarantee I would actually I think that Um you guys should do a poll to see what Was the first exchange you used to buy Cryptocurrency including Bitcoin most People will probably say coinbase so Leaves the United States of America If coinbase leaves the United States of America because of the lack of Regulatory clarity Other exchanges will fall soon Finance Us crypto.com whatever's left and I got A lot of people saying well we'll use Fidelity I don't know if Fidelity is going to Actually allow you to remove your Bitcoin from their exchange and transfer It to a cold storage device and that's a True purpose of Bitcoin that's what you Do so if we don't get regulatory Clarity In the United States of America coinbase CEO says we're gonna go and I don't
Blame him you cannot run a business in An environment with regulatory Uncertainty it's not fair because you're Going to get fine you're going to get in Trouble and you're basically going to Get in trouble for things you had no Idea that you were doing wrong because They're literally refusing to tell you What to do I don't know about you guys But the way I parent my kid I don't Punish my my daughter for doing Something that I didn't tell her was a Bad thing or not to do it it does it Wouldn't make any sense like it would Make me a bad parent okay so if coinbase Leaves overseas where are people going To go to buy crypto where are they going To go to buy Bitcoin people will say Decentralized exchanges okay great but You still have to use a credit card or a Debit card or a Fiat on an off-ramp to Buy crypto and a lot of people don't Understand the early days of Bitcoin you Were doing sketchy things online and so Many times people would do OTC sales in Person like you would literally go meet Somebody at a coffee shop and buy Bitcoin that way like I have friends That did that So we we saw that happen and that's why I say crypto will be dead in the United States of America who is going who who Is going to buy Bitcoin then there's Some people that are tech savvy well
Versed enough to do so I might not be One of those people it might be too Complex for me and I know a lot of People especially in the neighborhoods That I grew up and that I've run around And I still frequent a lot of these People are not tech savvy they don't Have a stem background they don't have a Mathematics background and they don't Understand how a lot of this works and Again even though we've evolved so far Crypto and Bitcoin is still hard to Access uh all right so I wanted to check In with uh Mr Ben Armstrong uh so he is We got him live is he patching it uh no Not enough but uh we he has a Wi-Fi Issues on on the boat and so anyways uh We wanted to we want to share a little Check in our Twitter minute is uh is From Ben Armstrong's account so uh uh so We have here uh I'm supposed to be in Court today I am not why because I don't Give a and we'll we'll let you figure Out what the f means and then he follows It up with another tweet where uh guys I Missed court but I still ran into Adam Um And we made up so is that a pig that is That is a that stay again yeah that's Her Twitter handle on there yeah Sponsored by state but uh it's about Steak is that a pig that is what are Pigs doing on the beach I don't know I'm Kind of curious what kind of cruise is
He on why is there pigs out there why is That pig so happy [Applause] [Music] [Applause] [Music] [Applause] [Music] [Applause] You know I want to share I also want to Share a a Twitter thread from Ben this Is a little more on a serious note and I Have this pulled up here and this is From he tweeted this This was today at 8 in the morning uh Here is why you all need to be the enemy Of Adam Moskowitz the Crooked ambulance Chasing billion dollar attorney now I'm Just reading a tweet so someone's uh Laura's watching these are not my views Okay don't drag me to a lost or I got The money to defend myself you must read This if you've ever posted a tweet on Crypto Twitter posted a video on YouTube About crypto or ever use social media uh It talks about how Adam is suing Non-influencers for promoting FTX even Though it will be proven none of them Had any idea that Sam was running in a Criminal organization But eight of them were paid one of them Was not and of course one of them that Was that was not was Ben uh the weak Argument he makes is that I spoke
Favorably about FTX and Sam Even though the majority of content I've Made is anti-sam and eventually anti-fdx Even warning people to get away from the App months before it fell uh Ben was Being the drum on this like he said Months before and this is before anyone At any inkling of what FTX was doing I Have never spoken to an active FDX Employee but here is where it gets Extremely dangerous for all of crypto Social media he says because I invested In ftt and said I believe there was a Good coin in 2021 due to the success of FTX in 2020 2021 that I'm liable for Promotion Do you understand what this means if you Have ever tweeted or posted about a coin Including Bitcoin even though you were Not paid you can be held legally liable Ever posted a chart reliable tweeted a Coin liable an opinion posted a meme it Is extremely dangerous for this entire Space he said but it will not be last uh Luckily for all of us I'm going to wipe The floor with said attorney Hate Me Now Thank me later like is this fair that That you say hey I'm bullish on this Token because like I'm bullish on Tara Luna they have a big ecosystem they have An algorithmic coin and then dokwan does Something shady and then now we get sued What are your thoughts on that whole Scenario
Well you can't I guess you can't stop Civil lawsuits right and so if you have The means and legal know-how you can sue Anybody you want realistically now You're you're reliable or open to Counter suits if it's frivolous or uh Defamation but outside of maybe that Little critique if somebody wants to sue You they can and they feel like you are Responsible for their own negligence Uh it's not going to stop somebody from Filing a civil lawsuit man and I think That's just the world we live in I it Terrifies me man it's something needs to Be adjusted my personal sentiment is That I would hope to see that as we move Forward we get away from this crypto has This negative connotation I would like To see us move more into how it is right Now with stocks and some of the Platforms but you know at the end of the Day I think it's just people trying to Make a quick buck and they're looking to Hold somebody accountable even though They might not have any accountability For it technology sector is booming it's Taking off so we're going out to space It's exploding you can say the tech Sector is exploding so uh we would say Well one Elon Musk obviously has a Direct correlation to the price of Bitcoin and with that said we had the SpaceX rocket launch and this morning And so that just look at all that smoke
That's great so it's supposed to be the Biggest rocket in the history of mankind So uh I think over 10 million pounds of Oxygen in there anyways this thing took Off and uh the mission success was to Get off the launch pad so a couple Minutes into the launch uh the rocket Blew up now Elon Musk was on Twitter Saying it was still a success well he Didn't come out and stay as long as they Don't destroy the launch pad yeah then It was a success so now interesting Enough at the same time that the rocket Blew up uh we have uh I have the dose Chart pulled up so great you know this Wasn't just a text story as far as a Rocket but if you see the correlation This is the five minute chart on binance Uh and so the Doge price uh was Rocketing up and with the rocket it got Up to 93 cents 9.3 cents nine yeah or night yeah 9.3 93 Cents don't get people excited it's About to go to the movie is this another Robster Thomas prediction yeah so 9.3 Cents the rocket blew up here we have The red circle to indicate the moment The rocket blew up followed by two red Candles this one so this one we had a One percent loss a two percent loss and Guys these are five minute candles and Then a three percent loss so over five Percent literally in 20 minutes uh so an Overreaction to this one yes and then it
Still kept trading well here's the thing One thing to keep in mind I know some of You are like well the entire crypto Market was moving down but Doge was Actually up those was one of the only Tokens that was up five percent before The launch and so like it goes back to My earlier this week I forget what day It was but how could you feel Comfortable investing or trading Dogecoin when literally things that have Nothing to do with crypto affect the Price like this three percent in five Minutes Foreign [Music] [Music] Thank you