A crypto investor breaks down how social metrics, trading volume, and NFT prices are routinely faked by bots and paid promoters. He claims 99% of tokens have no real utility and exist only so teams can dump them later. His advice: focus on projects with actual revenue, take profits early, and convert gains into real estate or a business.
There are 6 things I wish I knew when I started crypto. This would have saved me losing so much money, and it took me like 7 years to realize these things. The big one is everything in crypto is fake, okay? And all of these points relate to this. Crypto projects will buy followers, views, likes, comments, all of it, to inflate their numbers and your perspective on them. There is no metric that they cannot fake. They can buy every metric that you can ever dream about. They can actually control their entire comment section and make it look like the project is doing well. If you notice in my comment section, you see haters because my comment section is real. Apart from the idiotic bots, scammers, and spammers, you'll see haters and you'll see some high IQ people who understand my content. That's because I don't fake my freaking comment section with fake propaganda bots to make myself look better, because I don't give a shit how I look. There are volume and transaction bots that can inflate every metric about certain tokens. So not just the social medias of these tokens, right, like their social profiles, are being faked. Not just that, the actual stats on the coin are being fake, uh, faked. The volume is inflated. There's bots, there's market makers that make and prop up the token. Did you know that they can actually fully control the chart on specific meme coins? And if you work— if they work with specific market makers, they can control where the chart goes. It's been exposed. GotBit and all these weirdo market makers. Let's keep going. The price of a token is literally based on what people are willing to pay for it, okay? It's just as fake as your toilet paper US dollar, right? The US dollar is just a piece of toilet paper, right? Same material, it's paper, right? But you hand that $100 bill to someone and both people are in agreeance that it's worth $100, whatever that is, right? Money is like an extension of labor and service, right? It's like a measurement tool. However, tokens, if to— if the whole market agrees that it should go up, it goes up. And if the whole market agrees that it should go down, it goes down. Uh, this one's for NFTs. NFT floor prices can be manipulated in 10 seconds. Literally, NFTs are the biggest place to manipulate, and you know, a lot of crime goes on because— I don't have time to explain that one. Fuck it, that one sucks. NFTs, honestly, if they come back, I'm gonna play the game so hard with NFTs, and I'm gonna probably help a lot of you do well. Most crypto projects actually have no real utility or real use case for their product, if their product even exists. Now this is a huge one, okay? Most of these crypto projects don't need a token and don't even need to exist. Their product is actually horrible, or they don't even have a product, okay? I like to look for cryptos that are revenue first, meaning they have something that they're selling that's making them money and doing well. Like, they have a real product and a real use case in the world and didn't just make a token to make money. This one: 99% of coins end up dead or zero. The team just wants you to believe so that they can sell their tokens at a higher price. Crypto is all based on belief, right? Going back to this one, if everyone believes that it should go up, it will go up. And that's the only way a token goes up apart from manipulation, is if everyone believes in it, they buy it, and they hold it, and they don't sell it, right? Um, yeah, a true testament to a good token is when it's going up and not going down, right? People aren't trying to sell as it goes up because they are brainwashed and believe it's going to go higher. So 99% of them end up at zero And usually the team of that token, whoever made it, holds a lot of that token and they just want you to believe in it. And as you believe in it, it goes up and up and up, and that's when they're selling. So we'll do more of these videos because honestly, I have a fire under my ass after seeing the behind the scenes of this industry and how how stupid it is. Okay, you can still make money, it's still dope. I still believe in crypto, I still love it, and the payment system definitely needs an update, and I still believe crypto is that. But I think there will be a major crumbling of a lot of these tokens. Just remember, 99% end up at zero. So if you're blessed enough to make money off of it, I do believe in taking lots of profit Yes, we're taking profit into another shitcoin, which is the US dollar, but roll that shitcoin into dirt and land and real and back into your business, right? Because the shitcoin sucks to hold, but land and real estate and business doesn't suck to hold.
