After 7 Years In Crypto, I Just Realized This (BAD)

All right, welcome back to the channel. We've got another car little rant style video. This is super important that you watch until the end because I'm gonna answer the question: am I giving up on crypto? Am I giving up? Am I gonna sell all my bags? When am I gonna sell? Uh, and should you be considering actually exiting this industry? Now, this is a crazy topic, right? There is no way in hell I'm going to sell my XRP. Anytime soon. There's no way in hell I'm gonna sell my HBAR. I am simply not satisfied with the results of those coins. If you guys didn't know my story, super important story and context for who you're talking to or who you, who you're watching in terms of XRP. I bought in XRP at 17 cents. I have never sold a dime. The only XRP I've sold has been in exchange for XRP meme coins. Uh, so that doesn't count as really selling XRP, right? I've swapped them for some meme coins on the XRP Ledger. With HBAR, got in at 3 cents. I did take profit at around 40 cents or something like that during the, the last, uh, crazy run-up for HBAR. So I am not selling those. There's no way. Like, I'm just not satisfied. Chainlink, I'm like most of my long-term bags, I am not satisfied. However, if the next bull market is as big as the 2017 one, which a lot of people are saying, by the way, if it's as big, I need to prepare an exit strategy. The truth of the matter is that crypto has not taken over the world to an extent where I can pay the government tax bills in cryptocurrency, I can pay my mortgage in cryptocurrency, and you can kind of pay your groceries and living expenses with with crypto, uh, with the crypto cards, but it's still not a great option. It's just not. It's janky, it's annoying, it's not a great option. Uh, you are technically disposing of an asset when you buy something with crypto, so you have to pay capital gains tax on that disposal, and then you're paying whatever else stupid tax your government's doing. So no, I am not giving up on crypto, but I think we need to step back and ask a really hard question, which is What even is the innovation that is coming out of this world anymore with crypto? Is it payments? Payments is done. You can make payments anywhere in the world right now with crypto, right? Like, that's a great, uh, option. You can, you know, pay people in crypto. Uh, I think a valid innovation is cross-border payments, which is XRP's little mission right there, its little sector, right? So that remains a solid objective, um, bringing smart, uh, contracts and the data of the blockchain with oracles into the real world. That remains a good option. So XLM, HBAR, the tokenization is going to be huge, uh, with BlackRock as well. They just put out their— or Larry Fink just put out his investor statement. He says they're going to tokenize the world. So they are coming for that. That's not just a buzzword. That's not just a buzzword like metaverse was. Do you guys remember the metaverse? Nobody cares about the metaverse. The metaverse is closed now. No one cares. So that was a true narrative-based buzzword. What we're looking for, uh, right now is real tokenization. So I'm not giving up on crypto, but I am very pessimistic on most of the random projects that have done nothing good for the world at all. Their business model was to dump a token on your head. They've built nothing. There's no app, there's no great consumer app, there's not even a product on the website that you can use. I mean, some of these are just garbage. They have no revenue generation unless it's dumping their token on your head. Uh, which I expose in my new book coming out, which is Diamond Hands Empty Pockets. That's the name of it. I'm exposing every single lie, scheme, scam, psyop, uh, in crypto. Because ISO 20022 was a psyop, uh, whether it was on purpose or not, it was a psyop, a psychological operation to get a group of people believing in a chart that was completely fabricated by a community member. Now, I was part of this. I was actually, uh, unknowingly participating in the psyop, which is not good, and I regret all of, all of that. So if you want to know the truth about ISO 20022, we've talked about it a lot on this channel, but I go a little bit more in depth, actually a lot more in depth in the book I'm putting out. Link is in the description for the waitlist. Um, it's going to be on Amazon and stuff, but okay, I'm not here to, you know, push a book on you. You can read it if you want. The purpose of this video is to talk about what are we actually doing, okay? The AI agent use case, um, and the agentic payments is a great narrative that I think might just fizzle out because it doesn't have that like oomph like, uh, metaverse does, right? Metaverse was like a crazy mainstream narrative. Agentic payments— you say that to someone and they're already half asleep. Okay, so the agentic payments— AI— or sorry, crypto is the currency of AI. That is true. Um, but you gotta have an exit strategy. Like I said, Crypto has not taken over to a point where you can pay your bills with it, and so you're always going to be wanting to value it against the dollar. If you have a problem with this, if you have a problem with people wanting to take profit into dollars so that they can live a better life, number one, that's crazy. And number two, why don't you start valuing your portfolio in Bitcoin? Why don't you wake up and actually value your portfolio against Bitcoin if that's your money, or Ethereum if that's your money? Trust me, no one's gonna care, you know what, no one's gonna care about that, first of all. And your system that you're living your life in is in dollars, so it's actually going to make your life really hard, uh, to do that. So my point here is there's always going to be a group who is valuing their crypto against dollars, and therefore that's always going to exist, and we need to make it matter. It's unfortunate because the US dollar is a crap coin, uh, that they print into oblivion. Now, who knows what money turns into, uh, in 10 years, right? It might be everything is tokenized, everything runs on blockchain, Um, but you know, they can make things run on blockchain without making the prices go up. So this is the other issue I'm identifying. You have to do the prices, man. The prices need to go up. Like, I saw this graphic of XRP the other day and the coins are just bouncing through XRP. They're just bouncing through it. That would only increase volume. It doesn't increase price. Right? It just gets out of XRP right away. Now obviously there needs to be someone holding the XRP to like buy from, and there has to be enough value in the XRP to do the transaction, etc. Um, but why— like, what's stopping these banks from developing their own rails, right? Or not their own rails, but their own products and cross-border payment products. Like, Ripple has a great head start, but dude, watch out because they're making their own private ledgers. They're making their own private ledgers. Do you think they want to connect themselves to a coin that has like major expectations for its value to go up, uh, with a huge group of retail people who will be very pissed if we have to wait another 10 years for this thing to go up? As a bank, I don't know. They do their research, trust me. They know what's going on. If, if they're pitched on XRP, they're gonna do their research. They're gonna look into, okay, what is this thing? Like, who holds the majority of these tokens? Who's this controlled by? Why would we want to get, get using something that Ripple controls the entire, or 34% of the supply on? We're not trying to benefit Ripple. They're a competitor. Like, they're kind of a bank at this point. They're a competitor. Why do we want to— why do we want to do that? So these are the contrarian takes that I like to look at because I am protecting my money and I'm not going to mislead myself or mislead other people. You have to watch out for these contrarian takes, and it's important that you're able to look at this side of things as well. So I do urge you to develop your exit strategy. Um, just really take this serious because like I've always said, crypto is just a vessel for you to make money, to boss up your life. That's it, okay? That's what the most successful people in crypto have done. They've sold their bags, they've taken major profit because they were early they were able to make 50x, 100x, and now they just live comfortably. Isn't that the goal the whole time? Yes, I understand the passive income part. You can definitely make passive income and generate yield on your portfolio. That's actually something we are focused on, uh, with my one-on-one mentorship. People come in, they've got a portfolio of, you know, $10,000 to $50,000 in assets and it's just sitting there. It could be generating more tokens, especially in the bear market. Why wouldn't you want to generate more tokens in the bear market for free, right? Just by leveraging your assets— or not, not leveraging, that sounds bad— but just by like taking advantage of your assets that are just sitting there otherwise, right? Especially if you're not going to sell any of that ETH for a very long time, let's get it staking. Let's get it staking, right? Staking, yield farming, etc., uh, with no, you know, no limitations. There's obviously risks to that. Um, you can stake inside of cold wallets. That's a pretty crazy option. Um, but yeah, link is in the description if you want to apply for one-on-one mentorship. We are denying 99.9% of applications just because we really want to work with some high-quality people. And provide a dope one-on-one experience, uh, guidance experience with them, uh, to reach their crypto goals. Uh, so ultimately, just evaluate these contrarian takes. I'm realizing it's not even worth it for me to share the contrarian takes, um, on certain things anymore because, I mean, I'll, I'll end this video with this. Who would you rather follow? Number 1, the guy who's just constantly yapping about the same bullish stuff over and over and never checks the other side of things, doesn't really care about the truth. He just wants to post videos and get views and get followers, and he's scared shitless to say anything negative because he knows he'll lose followers from it. And so he just keeps yapping the same bullish stuff without, you know, checking the red flags and letting his audience know about the red flags. Or would you rather follow the guy who is obsessed with seeking the truth and finding the red flags because he understands that everyone has their hard-earned money in this game and needs to, you know, has a responsibility to his audience to share the best updated information. And if something is being misled and he catches on, he's going to tell you. He's going to tell you first. He's not just going to keep yapping bullish stuff because, oh my goodness, if I make a contrarian video where, you know, it says a little bit of negative stuff, I'm gonna lose all my followers. I'm gonna lose followers. I'm gonna lose views. It's not going to get views. Come on, man. Who are you picking? I'm picking the second guy every time. I'm picking the second guy who doesn't care about his stupid views, man. That's me. I don't care about the views. I will say the thing that loses me followers if it's true or good information. I don't care if— I don't care to be extreme bullish every single day. Um, and this is a live journey too. Like, I am with you guys on this journey. Like, we are together on this journey. I have my hard-earned money in crypto too. When it goes down, I see it go down too. So lock in. I appreciate all of you. Drop a like, subscribe, comment, all that stuff. Um, or don't, or, or do the opposite. I don't care, right? I'm just here being a vessel for crypto information and providing it to you guys over the years, which I love. So I appreciate all of you, love every single one of you, and goodbye.