Cliff Notes: THE RICH OWN MOST OF THE BITCOINS - podcast episode cover

Cliff Notes: THE RICH OWN MOST OF THE BITCOINS

Jun 13, 202114 min
--:--
--:--
Download Metacast podcast app
Listen to this episode in Metacast mobile app
Don't just listen to podcasts. Learn from them with transcripts, summaries, and chapters for every episode. Skim, search, and bookmark insights. Learn more

Episode description

In this Cliff Notes, Ian talks about the rich owning the majority of the Bitcoins and he also breaks down investing strategies. 


Link to Full Episode: https://youtu.be/5ax7t9w2vo0


EYL University: https://www.eyluniversity.com

EYL University 60% Off Sale

Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Our Sponsors:
* Check out PNC Bank: https://www.pnc.com
* Check out Square: https://square.com/go/eyl


Advertising Inquiries: https://redcircle.com/brands

Privacy & Opt-Out: https://redcircle.com/privacy

See omnystudio.com/listener for privacy information.

Transcript

Speaker 1

Hi. I'm Sherry Harris, owner of Life Source Water. As a new grandmother in lifelong Californian, I care about what's in the water my family uses every day. For over forty years, our whole house water system has protected Bay Area families with filtered water from every tap. Now we are offering a double dip in savings, free basic installation plus an extra two hundred and fifty dollars off. That's

up to twelve hundred dollars in savings. Call our factory at one eight hundred Water ninety nine or visit Life sourcewater dot com. Hurry offer in September thirty.

Speaker 2

Warranty limitations apply.

Speaker 3

So for all of you that love bitcoin is like yo, it's going to be a decentralized platform. Look at this, two point one four percent of accounts own ninety four percent of bitcoin. To all this, Hey, we're going to get off the dollar and we're going to transfer to bitcoin, the digital currencies. And there was talk to even maybe

ten years about the marrow being a dominant force. Listen, sixty five percent of bigcoin min and is done in China, seven point twenty four percent in the US, six point nine percent in Russia, six point one seven percent in Kazakhstan. The rich own most of the bitcoin. So if they have controlled the dollar, and they controlled all currencies in all commodities, why do you think that they are going to let us control a currency for the first time in history. The game is always the same. They are

using us and the media to get us in. So if they need to be able to liquidate at any time, the same way Elon did, there's enough liquidity there where there is not excessive slippage if you own eight hundred thousand coins. At one point, we got to get the Winklevoss twins in because without them there would be no institutional back and forth bitcoin. They created their blueprint, but they use US retails traders for liquidity.

Speaker 2

Please be mindful of that.

Speaker 3

And if bitcoin work country, it would be a top thirty energy user. This weekend, everybody went crazy, Oh, it's so inefficient in terms of energy.

Speaker 2

No one was talking about this last year to year prior.

Speaker 3

And to be honest, people do not care about privacy or their environment. Where they can make profit, that's retail traders included. China is number one, USA is number two. But it is a considerable threat that we have to consider with mining five ninety two on Tesla. I caught her a couple of weeks ago. If Tesla gets to four eighty, that'll be another decent spot for you guys to start to build a position. If you're holding for long term. Trading has considerable risk, so it does investing.

Please host for the long term. Some of you been telling me that you want the best entries on the planet, and I've been giving them to you, so please take them a moment to write and chat. Just one stock that you want me to give out for free for night tonight? Where to get in? I got the question? Is byd worth investing in? If you don't have it, please put it on you and watch list. Yes, it is definitely worth investing in. On the stock club called tonight, I'll give you guys the price of what.

Speaker 2

To jump in.

Speaker 3

I'll touch on this really quick. I know some of you are sorry to say that you don't like reading. If you don't like reading traditional books, audio books is fine, and speed them up and if you can play them on one point five, that's better. I want to tell you this, A man with no knowledge is the easiest person to rob in business. I need you to arm yourself the more information that you know, and everyone has

a unique gift or a unique insight. Like to be honest, when I got on Live after we start doing market monders, I get on and watch Trap. I don't think there's any retail investor on the planet that's better fundamentals in Trap, not one like I would get on and be marvel like,

oh my God, like thank God, that's my guy. We're not competing, right, I think when it comes to entries that got the best entries on the planet, I think Troy and Rashot has done the best, and they're showing you in real time how to I have several assets working for you at one time, and that gym that he put out this morning about a certain amount of door, a certain amount of coins, certain amount of shares fire,

You guys need to go implement that. But until you begin to arm yourself, you're always going to be at the mercy of someone else.

Speaker 2

And I did not want that.

Speaker 3

I told you guys before Square is a new JP Morgan. I'm going to give you a hot take. I think GM is the Microsoft of electronic vehicles. Everyone's trying to see who's going to surpass Tesla. Sometimes you have to invest in the number two and be happy. And I don't like many automakers, but with all the competitors that are there, GM is going to be a solid number two or number three in the space that's going to

do well for a long time. And I want touch on this really quick about Elon and it is history in South Africa. So anytime I post about Elon, someone's like yo, but his dad owned the mind and he used the people in South Africa, and that's true. I'm going to say this again. There are no Fortune fifty

companies that have a clean history. You guys are telling me this and arguing with me about this on an iPhone and the materials gathered from or to put to make the chips to go into the iPhone are gathered by children while wearing j's And we've known.

Speaker 4

For This episode is brought to you by P and C Bank. A lot of people think podcasts about work are boring, and sure they definitely can be, but understanding a professionals routine shows us how they achieve their success little by little, day after day. It's like banking with P and C Bank. It might seem boring, to safe plan and make calculated decisions with your bank.

Speaker 2

But keeping your money.

Speaker 4

Boring is what helps you live or more happily fulfilled life. P and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly Boring since eighteen sixty five is a service mark of the PNC Financial Service Group, Inc. P and C Bank National Association member fdic.

Speaker 3

Erners.

Speaker 2

What's up? You ever walk into a small.

Speaker 4

Business and everything just works like The checkout is fast, the receipts are digital, tipping is a breeze, and you're out the door before the line even builds Odds are they're using Square. We love supporting businesses that run on Square because it just feels seamless. Whether it's a local coffee shop, a vendor at a pop up market, or even one of our merch partners. Square makes it easy for them to take payments, manage inventory, and run their

business with confidence, all from one simple system. If you're a business owner or even just thinking about launching something soon, Square is hands down one of the best tools out there to help you start, run and grow. It's not just about payments, it's about giving you time back so you can focus on what matters most Ready to see how Square can transform your business, visit Square dot com backslash go backslash eyl to learn more that Square dot

com backslash go backslash uyl. Don't wait, don't hesitate. Let's Square handle the back end so you can keep pushing your vision forward.

Speaker 5

You just realized your business needed to hire someone yesterday. How can you find amazing candidates fast? Easy? Just use Indeed. Stop struggling to get your job posts seen on other job sites. With Indeed sponsored jobs, your post jumps to the top of the page for your relevant candidates, so you can reach the people you want faster. According to Indeed data, sponsored jobs posted directly on Indeed have forty

five percent more applications than non sponsored jobs. Don't wait any longer, speed up your hiring right now with Indeed, and listeners of this show will get a seventy five dollars sponsored job credit to get your jobs more visibility at Indeed dot com slash pod Katz thirteen. Just go to Indeed dot com slash pod Katz thirteen right now and support our show by saying you heard about Indeed on this podcast. Terms and conditions apply hiring, indeed, is all you need.

Speaker 3

Decades the Nike has used child or slave labor. There is no such thing as one hundred percent clean capital that does billions of dollars per year.

Speaker 2

I hate to break it to.

Speaker 3

You, so yes, I know Elon family has a different history. I also cannot take away the work that he's done since nineteen ninety nine. And also, I want you guys to stop looking at people as deities and gods. Even when I'm at some of these ones and you're like, HOWLL lookup to you, you to go, I'm like, I'm a normal person. The only thing I did was choose to

look at this for hours a day for years. You have the same gift inside of you, But there is no clean capital if they're making billions of dollars And being real with you, here the six principles to master the market, and I'll put this out in twenty seventeen, but I think it's more relevant than ever.

Speaker 2

Number one, do not lose money.

Speaker 3

I know somebody's gonna say, how do you do that? By investing in assets to have a low probability of losing money?

Speaker 2

Right?

Speaker 3

Number two, don't forget rule number one, which comes from war on buffet number three for my traders, only take trades that will not lose. We all know a trading setup, whether it's a breakout, mean reversion.

Speaker 2

We got a double top, head and shoulders.

Speaker 3

We got a couple handle pattern, doing a prime time that we know is gonna win. The biggest mistake that we make is traders is taking trades just because we want to take one shout out to the dream Team.

Speaker 2

That's why I'll tell you guys, take perfect only. Rule number four.

Speaker 3

Compound your contracts or stocks after you have mastered your strategy, so at some point you have to scale. So if you're trading futures and you're only trading two contracts or five, you're a captain how much you're gonna make.

Speaker 2

So I'm going to challenge Dreaming Team.

Speaker 3

I need you guys to start compounding your contracts, like go from four to eight, sixteen, thirty, two sixty four. And then for those of you that are buying shares, if you buy one hundred shares at a time, when it gets to an ideal position, you have to go two hundred, then four hundred, and then once again going back to Taryoo shot, you're seeing them double down on content and real time. We'll started the show like listen, we got this today, this tonight, this pot. You're seeing

them compound once they have a system that works. Please put in chat compound when I have a winner, until they don't do anything. Number five, focus on the long term portfolio, even if you have huge gains in your short term account. Go look at the billionaire list I talked about on Forbes. There are no traders on there, with the exception probably appall to their jones. That's one out of millions. You have to have your money work

for you. And rule number six, never give up more than one point six percent on any one particular trade. If I regrets of the dying, I'll touch on these real quick when we get my guy mat On.

Speaker 2

Number one, you.

Speaker 3

Wish that you had the courage to live the life that you want. I want everybody to put in here and what is your dream life? Number two, I wish I hadn't worked so hard.

Speaker 2

Man.

Speaker 3

I can't lie like Wednesday hanging out. I'm like you got bu this bar like Troy, let you Li's sent up another to beat up. Go on to meet up tour because we need balance and truth be told I've never been at a funeral and thought about doing more work. There's a place for hard work, for sure, but there has to be balancing there. Number three, I wish I had the courage to express my feelings, and especially as black men, we have to do a better job.

Speaker 2

Of saying, Bro, I'm sorry, Bro, I messed up. Bro.

Speaker 3

Can we talk opposed to harboring and holding these feelings inside? Number four, I wish I stayed in touch with my friends. We talked about this last week on the stock club call. I know some of you are leveling up and your thinking, like, man, my friends aren't leveling up with me, so I need to leave them to the side. That is the biggest

mistake you'll make. There is no business book or Excel sheet or amount of money that would make you so happy that if you lose your best friend that you've been cool with since nineteen ninety one, that that book is going to hold you tight and be there for you. Friends and friendships and relationships are the real equity that matter the most. Number five, I wish that I had

let myself be happier. Everybody put in chat. I deserve happiness, every single one of you, and I know everyone's fighting a battle and going through something, but we all deserve to be happy.

Speaker 5

My graduates from my school being forced back drop drop my drop, back drop drop.

Speaker 6

An illegal alien from Guatemala charged with raping a child in Massachusetts. An MS thirteen gang member from Al Salvador accused of murdering a Texas man of Venezuelan charged with filming and selling child pornography in Michigan. These are just some of the heinous migrant criminals caught because of President Donald J. Trump's leadership.

Speaker 7

I'm Christy nom the United States Secretary of Homeland Security. Under President Trump, attempted illegal border crossings are at the lowest levels ever recorded, and over one hundred thousand illegal aliens have been arrested. If you are here illegally, your next you will be fine nearly one thousand dollars a day, imprisoned and deported, you will never return. But if you register using our CBP home app and leave now, you could be allowed.

Speaker 6

To return legally. Do what's right. Leave now.

Speaker 7

Under President Trump, America's laws, border and families will

Speaker 2

Be protected sponsored by the United States Department of Home Secure like

Transcript source: Provided by creator in RSS feed: download file
For the best experience, listen in Metacast app for iOS or Android