Study Hall: Make Money in Cryptocurrency

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to the public. So eyl University we have it every single week. We have a class that we run for eyl University and that's you know, part of eyl University's platform. So once a month we have the Wednesday class is open to the public. So we do this for a variety of different reasons, but you know, we do it for just give you an insight of the world of eyl University.

And the Crypto Club has been on fire. So the Crypto Club is not something like where it just tells you like by this crypto it's actually like education and it's a community and people educate each other and they get people familiar on, you know, what's going on in the crypto space. They brainstorm best practices, talk about new coins on the market, how to invest, security, all that stuff. So it's an actual community within the community. So the

president of the Crypto Club is my bro Alistair. He's been on Market Mondays before speaking and he is just a wizard when it comes to cryptocurrency. So he's the president of our Crypto Club. And then the other gentleman that will be joining us today is another EYL professor who has taught a variety of different classes for us on investing and Lawrence. So Lawrence is a young man who I got introduced to who Troy really describes as a stock market genius, investing genius prodigy. Yeah, so this

is both. This is in Housetown. I like to do this because it's like, we don't want to just have you know, people that you might have heard of. So, like the whole point, and that's kind of been the whole premise of EYL when we first started and even up to this day, is we introduce the world of people. We've done it with Wall Street Trapper, We've done it with Ian, We've done it with MG.

And this is something that I think is interesting because I put another post stuff where the whole entire crypto.

lot more room to grow. So if you haven't invested in crypto, if you don't feel comfortable, this is why we here today to fully educate you. We're going to answer questions. The gentlemen have presentations, they're gonna talk, We're gonna ask them questions. So you're in for a treat and for a treat. So I want to get right into this. Before I get into it, I just want to just explain what EYL University is because this is

what we were doing here. So university is an online educational platform that we started over two years ago, and what it is is the actual interactive learning experience, so we do every single week. We have a class where you actually get to ask questions zoom format. But then we actually have monthly financial planning calls with me two hours. Then we have biweekly real estate calls with Matt. We have a book club and a movie club with Troy.

We have a Facebook group with over seven thousand members in it. And then my favorite part of the whole situation is the groups. So like I said, we have over twenty groups. We have real estate group, we talk about you know, the earnings on Wall Street, went in, took about stock Stock group, we have the Crypto group. We have all of the different groups. Yeah, and this is these are infinity groups inside of the EYO University.

So when we was modeling university, we really modeled it after a real university and took the good parts out of it and took the bad parts took the good parts and threw the bad parts away. So the good parts of a university, I feel like are the infinity groups, people working with each other, building a community. So once again, these two gentlemen are actually in house eyl University professors. So we're gonna have a treat. We're going to talk

about the cryptocurrency. We're going to get questions answered, and yeah, we're going to give you an insight to Eyo University. And this is what this whole thing is for, so you if you're interested in joining Eyo University. The last time we did this, we lowered the price for the whole entire year to seven hundred dollars for the year, and we kept that running. But we will be raising that but we're not going to raise it until Friday, So Friday night we will raise it. But right now

it's still seven hundred dollars. So that type of value, I don't feel like anybody has ever put together that type of value for seven hundred dollars. We're very cognizant, well, we're very cognizant of our price point and we try to be responsible. I don't criticize anybody's price point, but you know, we feel like, you know, we want to be responsible, but we still have to have some level of you know, a price that is built in the best.

the cryptocurrency market. Now, one metric that a lot of bitcoiners use in order to predict the price of bitcoin is the stock to flow ratio. And the stock to flow ratio is something that has been used in commodities a lot, and what it basically measures is the current stock of bitcoin compared to how much new bitcoin enters the market, and they use that in order to predict the price.

estimation of the price at that time. So what we see here is that as time goes on and as less bitcoin is being created, the price goes up, but we see that it doesn't follow it exactly. It follows it, but it does follow the trend somewhat. And right now we're right here, so at this point in the stock to flow ratio, bitcoin is estimated to be They estimated to be at about one hundred thousand around this time,

and right now is at around sixty thousands. So we're under the stock to flow, but we're still following that trajectory. And this is important to know about, like I said about the stock to flow ratio, because when Bitcoin tends to run up during its during its marketing market cycles, everything goes with it with it's doe shiver everything. And just to show you a history of this, I have a couple of charts. So this is a site called

coin market cap. You might be familiar with this if you're researching coins.

looked like in the symbol of twenty thirteen. So of course we have Bitcoin, which was still at the top at nine hundred dollars. But if we look at the top ten here, I mean like coin some of you may know if you follow crypto if you don't, like coin is one of those at one point premiere coins. We have XRP, but we also have peer coin name coin mega coin that also had these dramatic price increases, and if you go and look at coin market cap today,

these coins are nowhere to be found. So one thing we see is that Bitcoin has the staying power and it drives the market, but a lot of the other coins may not have.

continues on in twenty seventeen. This is a snapshot from twenty seventeen. Looks a little bit different, but at the same time we have Bitcoin at the top. Of course, this is where we see Ethereum, Bitcoin Cash, XRP. But again the top ten looks nothing like it does in twenty thirteen. And if we look at it today, we have a whole host of different coins making their way in the top ten. So Bitcoin Ethereum is still number two.

You notice we no longer see light coin in the top ten, XRPS at number seven sliding out, but we have different coins. We have Doge, and of course the coin that everybody's so crazy about right now is Shouba. And I'll bring this up to say that these coins tend to come and go. There are a few coins that really have that staying power for the long haul. So if you're looking at investing, you really want to find those coins that can at least stay relevant for

several market cycles. You don't want to get caught up in the hype of certain coins unless you're a trader and you know how to properly set your entry and your exits. This is just a history lesson that I like to show people because when they see the types of returns that crypto offers, one thing I say is like, yeah, welcome.

Just watch out for the bear market because as fast as these coins go up, as fast as these coins go down and end up in irrelevance, and this market cycle, I would say it's been dominated a lot by even though we have Shibba Indulge coin. Smart contracts have really been the thing that has been the story of this market cycle. And for those of you who don't know, a smart contract is the best way I can describe it is a program on a computer that handles money

and executes business logic. And because of those smart contracts, we have a coin like Shiba Shuba is actually a smart contract on the Ethereum blockchain. And if we see, like if we look right here, if you look at the end of to date of these smart contract platforms, you could have invested in pretty much any of them, just picked them and you would have gotten a nice return except for in their computer, but anything else with this Ethereum, Cardinal, Solana.

would find in traditional finance. And this is what's really been driving a lot of what's been happening in cryptocurrency for this cycle. And the reason why is because of decentralized finance and staking. So those are the two I kind of group them together because it's really about earning a return on your investment outside of the financial system. Now to discuss to go into staking. Staking is one of the strategies that you can use to earn interest

on your crypto assets. And one website I like to go to to look at different returns for crypto assets at steak andrewards dot com. And when you go to stakanrewards dot com, it shows you the type of rewards that you can get. So for Solana, you're getting six percent back if you stake your Solana. And when I say staking, what I mean is that when you stak your assets.

coins off of the exchange. You can stake them. That way, you can have some residual income coming in.

the blockchain. They're just two different ways of doing it. And with Ethereum two point zero, Ethereum is actually moving over to proof of steak. It's currently proof of work, but the proof of steak chain is actually you're actually able to stake on that proof of steak chain, and Ethereum should be doing what they're calling it the merge.

I think that happens in Q one of twenty twenty two, So by that time your Ethereum should be a full proof of steak chain and that should help with some of the high gas fees that people complain about.

that's out there. But it's definitely gonna have a bullish impact on the price, gotcha, just because it just makes it more user friendly. And again, like going back into smart contracts, there's something called decentralized finance, and I like to describe the centralized finance as being able to use financial products and use financial services without having to build

to a traditional financial institution. So that's lending, that's you know, trading derivatives, and a lot of the things that you can do in the financial system right now, you can do it in DeFi. Even as far as creating your own index funds, all of that is available to you in decentralized finance.

but for DeFi. And when we look at here, when we look at this this dashboard right now, there's two hundred and fifty three billion dollars locked in DeFi. And when I say locked, that means people have taken their money off of exchanges. They're taken there where there's eight uh Solana whatever they've taken it off of Coinbase, they've taken it off of buying, and they're using it now in DeFi. And with DeFi you have different apps that

you can use. There's lending, there's exchanges, there's asset management, there's insurance, there's most of the most of the same products that you can get traditionally you can get in DeFi. And one of the biggest platforms in DFI right now is AVE. Ave has about eighteen billion dollars locked, meaning

they're managing eighteen billion dollars in value. And the crazy thing about this, what a lot of people don't get is that in order to use AVE, you don't have to sign up with You don't need your Social Security number, you don't need to fill out any applications, you don't need to go through any of that process. As long as you have a wallet with some assets in the wallet, you can go onto AVE and be able to save money and earn interest on that money, so you can use AVE as a savings account.

or a binance. And the thing with the wallet is when you start, when you set up your wallet, you're giving what's called a private key, and that private key is you can think of that as the key to your vault. If you lose that private key, then you lose access to the vault. If if somebody else gets a hold of that key, then they also have access to the vault. And so it's very important that you keep that private key safe. Another strategy that I always

recommend is to have multiple wallets. And I say that because the blockchain is a public place. So if you have one wallet and you have all your assets in that wallet, if I know your address, I can actually go into your wallet and see what you have. I actually did this on one of the crypto calls where we actually looked at what was in Mark Cuban's wallet. So that's just an interesting tidbit, like always have multiple.

on anything. All you do is you connect your wallet and you use the protocol. So I can actually show an example of that. Actually, before I get there, I just want to show more of DeFi because going back to Shuba, one of the things that I heard from people about SUBA is that SUBA is going to be creating a decentralized exchange. And that's two. And they bring in they started the decentralized exchange because defile, like I said,

it's very hot right now people are using it. But if we look at what subar swap is doing, and subar swap is what's called a decentralized exchange. So I would want to know from like, if you can just show of hands, how many of you have actually used subar swap. And I bring that up because a lot of people bought into ship the for the reason that, oh, well, they're going to be creating an exchange. But if you look down here, it's it's really not much that they're

managing in their exchange. It's only four hundred and sixty seven million dollars in value. Compare that to some of the top protocols like Curve and Sushi swap, they're in the billions of dollars in value. And then I'm also looking at this market cap to total value locked it's when these are under one or somewhere around there that's a good value. But if we I calculated Shibba and it was that sixty six percent, and what that means is that compared to its market cap and the amount of value.

you know the basic level. You know, I'm the I'm the third grade guy when it comes to explaining things, so you know, I'm very cognizant of that, and I understand that everybody's at different price points, but it's important to know you know all of this information.

hop right into crypto, don't know anything about it. And one of the biggest things that I found when I started investing in cryptocurrency back in twenty seventeen was that so many people have made so much money off of crypto but never were able to properly secure it. So one of the things that he was just talking about is really really key when it comes to crypto, and

that's securing your assets. I actually have right here in front of me a Ledger security device and it's a Legend nano S, and I also have legerd nanto xs, and so I'm going to break down the difference of the legdo s and the legerdnao X and why it's important to have these wallets. These wallets come with typically anywhere in between an eighteen and twenty four word phrase

that you may have to remember. You can write it down, have it in your noes multiple places, so you can actually send your crypto back and forth from coinbase, Gemini, Uphold, whatever platform that you're using. When you hold your crypto on this, you actually own your crypto. When you're buying it on Robinhood and you're buying it on these platforms, you don't really own your crypto. When you put it

onto this, your own platform, you own your crypto. There is no fraud department one eight hundred number to call saying, oh my god, someone stole my car. If someone takes this, you need to be responsible like, you have to be a responsible person when it comes to investing in crypto. There's a lot of people who have made millions and billions of dollars in crypto and haven't seen a dime from it because they did not take the security aspect

very important. Also, why having one of these devices this is this key. What you'll see happen is is when a lot of times we get these major, major high runs and we get a lot of people influxed into the crypto space when it's all over the news XYZ, what happens is you'll see Coinbase may say, oh we're down for six hours. That's not something that you want to be consistently happened to you. You'll see Binance might be down. You'll see all these different platforms having network

issues and problems. So you want to be mindful of that. And I always tell people that before you ever put any money into the crypto space, you must have a security device. That is like my number one rule when I'm talking to people about investing in crypto is security is key because you can make a lot of money, but if you have nowhere to house it and secure it, what's the point. So Ledger security devices. Only buy from

the actual website. So I'm about to get into this, like why buying from the actual website is so important. So you can actually come.

actually have access and can steal your money. So it's important that you only buy it from this website. You do not want to buy a legend nano from anywhere else. So if you come here to products, you have the legrodnetal X and the legend thatal S. So the S if you come here, the S is going to be sixty dollars sixty dollars right now. Now, the S is only compatible via your computer, so you must have a computer.

It's only compatible via your computer. Now, if you come to the X, you can actually download the app which was I was saying earlier, Ledger Live. That's the actual app that you can actually have on your phone, and you could collect connect the legend net x to your

actual computer. So when you connect it to your computer and your smartphone, so you can actually have it connected to your smartphone and be able to track it just like if it was your bank account at Bank of America or J Morgan Chase wherever, and you actually open up. You can actually use your face ID open up and

make those transactions back and forth. Now, the biggest thing is when it comes to you actually sending this back and forth, because it's important that you do not miss a letter in your actual tag and your wallet code when sending your crypto back and forth. Like I said, there is no one eight hundred number to call cry and saying, oh my gosh, I press the wrong button. Can I get my money back? It's not happening. Once

you send, it is gone. So the great thing now is that you actually have those QR codes so you don't really have to do a lot of typing. So when you're sending back and forth every place that you purchase crypto and when you're taking a look, Robinhood is now trying to even install this where they actually have your actual wallet, so you can actually send out of Robinhood to other platforms that'll be coming soon to Robinhood.

But if you're on Coinbase, if you're on Voyager, if you're on Gemini, you're on any of these platforms, when you purchase and it's stored on there, you have a unique wallet that you can send to and from and so utilizing that and make sure that you're using a QR code and scanning it is going to be really efficient and key. I know sometimes you know, we get

faster typing and texting. You might miss a letter. This same the time where you want to misspell something, have some spell check on your phone, whatever it may be. So the ledgerd n X or the S and an easier way is you can go ahead and get a bundle. You can get these three so you can partner up with your cousin or your friend or your wife, whoever. You could partner up and get multiple ledgers, and you

can get it even cheaper at a discount. So it's no excuse why people don't have anywhere to secure their crypto before we even get into talking anything about cryptocurrency. Security is number one. You can make all the money in the world in a cryptospace, but if you're not secure your assets, there's no point all right back to

the slide. So I want to talk about, like what's the benefits honestly when we talk about blockchain, unless we like really getting too breaking down like what is actual blockchain? Because this is like an important topic of what a lot of people are talking about and having questions saying, what is blockchain? How can it be useful for me? So the thing about blockchain is, and the thing about

bitcoin and ethereum there are a decentralized network. So one of the biggest problems that we've had with the US governments and governments across the world is the control of money supply and the ability to be able to manipulate that money supply. So when you take a look at bitcoin, there's only a certain amount of biitcoin ever going to be made and created. The brother before me at broke down a great point talking about every four years. There's

a reason why crypto took off in twenty sixteen. There's a reason why it took off in again and we're seeing it do what it's doing now because people understand the system. So what is decentralized hearing in the US, we live in a centralized economy, and so what does that mean. You have a Federal Reserve Chairman Drone Powell and his team in the United States where they actually control the money supply, where hey, he always talks about, hey, we can just print more money with bitcoin. You cannot

do that. So there's a limited amount of supply and that supply gets cut every four years. And so what you're going to see is what this is basic. This isn't anything really hard. I think a lot of times people make it more complicated than what it is. If I take supply from something, but then more demand continues to come in, what is going to happen to price? If it was Jordan's, if it's bitcoin, whatever, price is going to go up because there's less supply, but now

there's increase in more demand. And so when we start talking about blockchain and what's the benefits we talked about talk about peer to peer transactions. When we think about how countries actually had to transact, countries had to use to transact through wires or had to take cash via military from country to country to do business and trade. With blockchain technology, this is actually going to build smart cities.

We're already seeing smart cities in China right now. When we start thinking about self driving cars like Tesla Level and we start thinking about that type of technology, a lot of that is going to be powered by blockchain. Right now, there's a smart city being built in Arizona by Bill Gates. All of this is being powered by blockchain. So that's one of the main benefits. The future that we're going to live in is going to be powered

by blockchain. So crypto platforms coinbas Uphold, Crypto, dot Com, Gemini, and Voyage. Voyager our five platforms that I'll say, it's good for people to be able to purchase crypto and get started with and then transfer to your ledger. As I mentioned earlier, so the benefits of using peer to peer transactions. So he mentioned the crypto coin XRP, which is one of the fastest coins in the world. XRP has been delisted from most of those platforms that I

just named. Accept Uphold. XRP went under a lawsuit that talked about a little bit with their peer to peer transactions and some other things. Hopefully that gets revolved. What we'll see now. One of the things with XRP is if someone was in Africa right now and I'm here in the United States and boom, I could send them money in like five seconds. They can send me two hundred dollars. I can send them two hundred dollars. So one of the things is that the benefits of using

those peer to pair of transactions. It's between you and that person on that blockchain network and that ledger. So that's important to understand that using peer to peers of transactions in crypto is really one of the main benefits that people love to use crypto and the efficiency and the cost. So when we talk about wire transfers, when we talk about the cost of bringing cast from a country to another country, that is highly a high cost.

That is a high cost with crypto, those transaction fees when it comes to wires, and when we talk about bringing cash to place to place, those transaction fees cost less and less. More like they cost less and less. So I just tell people, like benefits of using peer to peer transaction is key. And the platforms I mentioned was coin based, Voyager and Gemini Crypto dot com uphold. Those are all the platforms that I mentioned before. I

seen someone ask about that. So how to avoid like crypto scams because I think this is one of the biggest things that people get caught up on. Someone sent me a DM on Instagram, or someone called me or text me saying it set up a coin based account or set it up my wallet. If someone is asking you to send them crypto or asking you to buy some crypto and set it up and give you their give you your wallet password at x y z, please ignore them, like please please ignore them, please block them.

No one is going to be reaching out to you from a fake page asking you to send money and it be legit.

I know that's one of the main things that a lot of people always get caught up in when they first get into crypto, not knowing, you know, the ins and outs of it. So I really wanted to mention that here tonight how to avoid crypto scres, smart contracts, and just something that he touched on very in definite. I want to talk about it as well too. So

smart contracts pretty much permit trusted transactions. So that's the way you want to look at it when you were talking about this blockchain technology and understanding how this is going to continue to evolve as we go through time. So one of the things in the decentralized network, in the blockchain network is the code to execution. So what he talked about in the codes to execution, transactions are

trackable and irreversible. So that's one of the things that I was just saying, like, once you send someone money, it's irreversible. The transactions are also as well trackable. So it's key to understand that these self executing contracts, this is what binds a lot of times these particular transactions together. So this is the transparency part when we talk about smart contracts. So crypto is a very transparent place. It is not controlled by centralized entity, and that is the

biggest thing. It's not controlled by centralized entity. And so that's why when we see certain things happen in economies across the world, where we see certain things even throughout the pandemic, there was a reason why theoryum went up as much as it did and didn't just go up just to go up. It was a reason why bitcoin went up as much as it did because people started to lose faith in the government's ability to be able to control the money supply and be able to control economies.

And people said, enough, we've been experience and what a hyper inflationary economy where we're seeing costs of live and increase exponentially because of the amount of money that's been put in circulated into our economy. So when we start to think about why people are actually coming to execute these smart contracts, why people are coming to purchase cryptocurrencies, it's a true heads to inflation over time. So the influence of monetary policy, what roles will the Fed play,

and why some regulations are good. So I talked a lot about decentralized network and Alistair did before as well, but I want to talk about the influence of monetary policy and what we've seen and why crypto in the crypto space has grown so much in the past twelve to eighteen months. So what roles will the Federal Reserve play For the people that don't know who the Federal Reserve is? We have the Federal Reserve chairman, Drome Powell. So Drome Power is someone that I would ask everyone

to go research. Been the Federal Reserve chairman for the past few years. And when we've seen the amount of money that's been put into our economy via unemployment checks, SBA loans, when we see from stimulus checks, all of those different things have now put a bunch of money into our circulating supply, and they've just continued to print. But the thing is, you cannot print your way out of a problem. Eventually there is a debt to pay.

And so what happens is is that people have now seen, oh my god, like my dollar is not backed by anything. My dollar does mean no good in my bank account. So the same way that people take their money to go and invest in a stock market, as the stock market is another hedge to inflation, people are using the crypto space to be able to hey, let's go invest here and get a year. That's all that we're people are looking for. People are always looking for a yield.

A yield is a return. So what roles will the Fed play? So as the Federal Reserve continues to print money, and as the Democrats and Republicans continue to approve packages of spending major spending, trillions of dollars of spending. We may continue to see assets like bitcoin and ethereum continue to grow. Why because people are looking for that hedge.

People are looking to get a yield, and so that is one of the main roles that the Federal Reserve played by their actions will directly have an impact to how crypto will perform in the future. And why some regulations are good. So there's a lot of people who have purchased crypto on some websites that I didn't even name. You got some crazy websites out there. Because what I want people to understand is for people that don't know, the beginning of bitcoin, in the beginning of the crypto

space wasn't so good. A lot lot of crypto is being used for dirty transactions on the Internet. I'm just going to leave it there. So some regulations are good. Why because there's a lot of crypto platforms out there that people made millions and billions of dollars and the government did not collect taxes. So I always like to look at things from both sides and never like I'm

always on one side. Always like to look and see what is this size saying, So from a government's perspective, we don't have no problem with you guys trading your crypto, but we want to be able to get our piece. Uncle Sam needs to get his piece as well too. So some regulations are good because there's been a lot of people who have purchased crypto on some of these

platforms and actually haven't seen any of their returns. So this is why I say be careful of buying crypto on certain sites that you have no business being on. You buy crypto on these certain sites, they lock you out. Next thing, you know, you made twenty thousand dollars. But did you make twenty thousand dollars No, because you didn't put on your ledger. You left it on there and then that site ended up getting shut down for not following regulations. And that site got shut down, so did

your money go as well too. So there's the reason why platforms like coinbase was able to ipo in the US stock market because they follow systems. They followed the regulations by sept by the SEC. They send you your tax documents at the end of the year so you can account for what transactions you place how much crypto you bought so xyz. So some regulations are good in this space because we understand that there's a lot of people out here that do some bad things, and it's

important to understand the influence of monetary policy. So paying attention to the decisions that are made here not only in the US, but also across the world and the Asian markets, in European markets will directly have an impact on the future of crypto. So why supply and demand and circulating supply matters, So like this is key, and I what he mentioned on coin marketcap dot com is honestly this is one of the best websites to use.

So we're just gonna honestly start here at ethereum right now, leasm nott there in bitcoin we have eighteen million circulating supply, So that's how much supply is out there when we start speaking about bitcoin. So what I want people to kind of get in their heads and start to really look at is start looking at circulating supply. So the way we look at circulating supply in the crypto market is the same thing as outstanding shares in the stock market.

So outstanding shares is how much shares are out there available to be purchased. When we start taking a look at circulating supply is the same exact thing. So when you have a lower circulating supply and demand creeps in rapidly, you see a huge increase in price. So there's a reason why Cardono could never be bigcoins price. Look at this circulating supply compared to bigcoin, to cardinal circulating supply, Cardno has a vast enormous amount bigger circulating supply than

bigcoin does, so they have way more supply. You're talking about eighteen million, and we have to come all the way down here and compare it to thirty three billion. We can't compare that, So that is why we see bigcoin erners.

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You can't compare that circulating supply. So that is why Tesla moved the way they move, and that's why Apple moves the way they move. They move a lot slower, and that's why we see bitcoin. Bitcoin has a way wider range and moves at a way rapid pace versus our cardono that moves a lot slower. So it's important to understand circulating supply, and it's important to pay attention when you're looking to invest in a cryptocurrency to say, hey, what's the circulating supply.

You take a look at Maker or a lot of people were asking like, oh my gosh, why did Maker make the move that they did. Maker has a low circulating So it's important to understand that not just in the crypto space, but in the stock market space. So that's why it's really important for us to pay attention to supply and demand and why circulating supply matters. So how to benefit from playing quote unquote as coins I won't curse?

from this. Boom. I feel like fomo fear of missing out. So then they feel like boom, like I got to hop in. And then you end up putting ten thousand in but you ain't even never invested in your life, but you putting ten thousand on sheep but you don't know nothing about investing, But you putting ten thousand in something you know nothing about because you're being greedy. So it might have worked out the first time, but then the next time you do it, it ends up what

not working right. So it's important that I want people to understand to stay away from just putting money on any coin that you come about and find. In twenty sixteen and twenty seventeen, there was a lot of people who lost money big time, thousands of dollars lost life

savings because of greed. Because what's what can happen is is, okay, sheep has checked out, all right, But there's people out there that come up with these coins and say, hmm, let's make a coin called rocket coin, and then it comes out and then they set up shop, they raise capital, make millions of dollars, then they shut the platform down,

and they run off with your money. That has happened a lot of times in this space, and what I don't want to happen is new people coming in that don't really know a lot about anything come in and just start putting money on cours just because they found this website. Boom, oh this coin is, you know, twenty cents, so this coin is less than a penny, so I can get a million coins. So it's gonna go to a dollar, I'm gonna be a millionaire. I don't want people to make a habit of doing that if you

benefited from a dodge coin. There's been people who are still bag holding on dodge coin because they thought, oh, Elon's getting on NS ANDL is gonna go to the moon. It's going to a dollar, it's going to one hundred dollars. So be weary of just listening to people on social media telling you what's going to happen. What you want to understand is when everyone's typically talking about a coin, or everyone's typically talking about an investment, it's typically time

to sell. If it's all over social media, if it's all over the media, it's typically time to sell. You want to buy the hype and sell the news. So am I saying that a lot of these coins can't benefit you know they can because these coins could be equity builders. That's the way I look at it. You can make ten twenty fifty thousand off this type of coin, but then boom, take that money and put it into a long term investment on the stock market, put it

into bigcoin and ethereum. Things that have been proven, things that we've seen over time growth. Take the risky plays that you've made money on and put it into something more stable and more consistent. Don't go back out. They're still trying to gamble. So using technical analysis to buy crypto. So I know a lot of people are always like you know, I struggle with technicals, struggle with reading charts.

So I want to make this very simple. Just gonna take two minutes, and I want to make this very simple for people to be able to kind of understand, like, Okay, where should I be looking at Because there was a lot of things that was said, particularly about bigcoin during this time. We saw bitcoin back in the middle of May retrace back now all the way to about thirty thousand, And what I want to bring quickly break down is I'm looking at bigcoin to USD pair and I'm on

a technical timeframe called the weekly and daily. I believe that everyone, if you're looking at the crypto space, you should be a long term investor. I'm not really into the traded I don't really like people to just trade frequently in the crypto space. I like people to be able to buy hole, make money, and invest. When we see the fifty to sixty percent downturns, because these fifty to sixty percent downturns are nothing new in the crypto space.

The last time that bitcoin hit twenty thousand and twenty seven towards in the twenty seventeen it took a long time for bitcoin to get back to that price, But there was plenty of times where bitcoin dropped to four thousand and then it came back up to twelve thousand, So how can you capitalize off of that? And also how can you see things from a bigger timeframe? So taking a look at bitcoin to USD, one technical indicator that I would recommend for people to have is price.

Price is your number one indicator. Mac the's RSIs all of these cator's lag price. So what do I mean by that? Without price? There is no Magde without price, there is no RSI without price, there is no bullet er Beard. So I'm gonna give a shout out to Ian Dunlap. There was a reason why he was speaking about that twenty eighty four hundred and forty four price. That was a major support level for bitcoin. So Ian just didn't pull that number out of nowhere. He pulled

it from where he's seen. What he's seen a technical level that was going to be hard to break underneath. As we saw back here January fourth, this year, January eleventh, January eighteenth, January twenty fifth, every candle on the weekly timeframe accounts four week, so all these were weeks. So as we saw early on in the run of this last run of crypto, we saw crypto kept pulling back to that level that he was speaking on, that twenty

eight thousand, four hundred level. So that was now we have bigcoin that hit sixty five thousand the top here and then it pulled back and to climb a little over fifty percent.

at major support and major resistance levels. So what we saw was we saw a break underneath a major support level. It reverted back to this major and it was sitting here for about two months. And so what you want to understand is that you want to be paying attention to technicals when you're looking at investing in the crypto space. You just don't want to be buying. Oh it's at sixty thousand, and I don't want to miss out, so let me just go buy. No, you want to find

a good entry. Is it going to be the best entry? Is it not going to go lower? It could, but you put yourself at a better advantage when you're able to use technicals to define, hey, where I'm looking to enter at this specific price. So we had a combination of a major bounce here towards that end of July, and we saw coins like Solona, We saw a lot of cryptos turn back up, Ethereum Bitcoin, But it was

a technical reason why. Now Here is where I took where I was telling people like yo, don't worry about the China stuff. You know, everyone was saying, oh my god, China's banning Crypto. A lot of that is smoke, guys with what's not being told to you on this media is those people that's sitting on CNBC. They missed a lot of this stuff. I'm gonna tell you a lot of those people on CNBC, and a lot of those

people are lazy. They don't do the hard work. They have people who do it for them, and a lot of times their people miss stuff because lazy habits were off. And so what happens is what's the easiest way for me, me to be able to buy something fifty percent cheaper. Well, we got to start thinking who runs the media. These wealthy people, wealthy billionaires, people you ain't never gonna see,

You ain't never gonna see their face. They run this country, they run these markets, and so it's important for us to understand. It's easy if they miss something to say, go out here and put this narrative out here for a month or two, guess what was happening all here. That's why every time it hit these that level, it

kept bouncing because guess what institutions were buying? Billionaires were buying people were buying there, and so it's important to under stand a psychological aspect of investing in the crypto space and investing in general. It's a lot easier if

I miss something. If I know I have the power to go on SEEINGBC and say, well cryptos you know going to zero or I embarrassed on crypto right now and it falls, it's an easy opportunity now if it falls fifty percent, because what I'm going to tell you is ninety percent of people in the world don't do the hard work. Only ten percent of people is actually going to go do the reading, do the homework, do

the technicals, do all the hard stuff. So ninety percent of people sat and said, oh, CNBC said this, so sel and that's what happened. But guess what the ten percent come in and swoop that up. They take that opportunity. And so that's my point there with the technical piece, And why is the crypto market so volatile? This is one of the questions I always get. The crypto market is very volatile because a lot of times there's a lot of wea cans, there's a lot of people looking

to get rich quick. When it comes to the crypto space, there's not a lot of strong hands in the crypto space. There's a lot of people look in at boom, how can I make this money today? And there's a lot of whales. So what is a whale. A whale is someone who holds a large amount and vast majority amount of crypto. So when the whales move, if there's someone who might own two to five percent of one coin, if they make a move, well guess what that's gonna

drop that price. And so a lot of times when the whales make their moves, that creates a lot of volatility. One of the things that you'll see on Sundays typically Sundays a lot of times where you see a lot of the volatility. A lot of the red days typically happen on those Saturday nights and Sundays throughout the day. That's a lot of times where you'll see a lot more volatility in the crypto market. But this is a market that moves twenty four to seven guys. It never stops.

And so it's important to understand that the cryptocurrency market is very volatile. I always tell people, if you don't really have a high risk tolerance, this is probably not the place and it's not to be discriminatory, but it's just to be honest and transparent. It's like, if you're not comfortable with the volatility, then you should be very careful investing in the crypto space, so you should have a high risk tolance in my opinion. Twenty seventeen Crypto lesson,

It's to be quick. Twenty seventeen Crypto lesson taught me what I just explained to you about the analysts, about people talking on CNBC all of that. There was a lot of people that said crypto is going to zero, and those same people are the people now that's all bullish on cryptos. So guess what they were saying that because they didn't have a position in yet. So be mindful of these people that we think are trying to look out for us by telling you the truth, typically

go the other way. If they're telling you they ain't buying or they're bearished, they're partypically doing that. If everyone's becoming bullish on crypto, that's where you should be weary. That's when you should and that's what happened in April. Everyone was bullished. We've seen Ethereum go to four thousand, we've seen bitcoin, go care about it. We've seen coins doing crazy stuff if they're in Classic went from like twenty bucks to one to eighty. We're seeing all kinds

of crazy stuff. That's typically where you want to sell. That's typically where it's like, all right, I want to sell take some profits. You want to understand is that this is a this is a very dirty game. This is and this is the hardcore truth. This is a very dirty game. And in twenty seventeen I learned a lot. I invested in crypto before I even invested in stocks, and a lot of the crypto transactions and the players that I made put me in a position to be

able to invest in stocks. But I look at the crypto space to be able to build your equity. If you are investing in those smaller coins to build your equity off of them, you don't want to be putting house money on them. So my twenty seventeen crypto lesson is, do not be afraid to take profit, and do not follow the masses. It is really key. Do not follow the masses. If everyone's telling you to buy this, buy that, go the other way. If your barber is telling you, hey,

did you buy this? I'm buying that, but they ain't never had a conversation with you about investing a crypto before. Do you think that's something you should be doing. No, So you want to be wary of that. You want to be careful of that. That's really important. And the twenty seventeen lesson taught me is like, pay attention to, Yes, what's being said on the news, but also understand that's

a lot of smoke. And that's not just the crypto market, that's the stock market and you know markets just in general. My top coins for people to watch in twenty twenty two one is chain Link. Chain Link is in ethereum based token. I would say for people to go research chain Link. You can find it in a ticket l I MK. That's one of the things that I would tell people to pay attention to and watch in twenty

twenty two. Chain Link is one of those. Also, I would tell people as well to continue to watch XLMS Stellar Lumens. I would tell people to continue to monitor Stellar lumins. And those are just the two coins that I typically wanted to recommend for people to just take a look at some research on. And the last thing is Yo stay in the top ten to twenty crypto coins. Please don't start deviating into things that you don't know nothing about. Please pay attention. Ultimately, you got to understand

that this space, like I said, is very volatile. You don't just want to be buying things because you feel like, oh my gosh, this is cheap and I can get a million coins of this coin. You want to stay away from that type of mindset. Focus on consistency, Focus on yo, I want to do this for twenty thirty years. I want to leave my kids big coin. I want to leave my grandkids great grandkids. I want want them to say, yo, I was you know, I was out

there working. So have that mindset when you're investing in crypto space. Don't have the mindset of I'm gonna put I'm gonna leverage my mortgage, I'm gonna pull out all my savings, I'm gonna pull it all on Sheba. Like please, don't have that attitude because all it takes is one bad term for Sheba. And if you didn't learn it on dodge coin and it happens on Sheba, you should have learned your lesson the first time. She was going crazy right now? Yes, but it ain't gonna go crazy forever.

And so that's all I wanted to say. I love e y L. I appreciate e Yl for always having me. You guys are honestly, this audience in this crowd is monstrous, and yo, like I love it. So Troy Rashad, thanks for having me.

dollars a year. EYL University seven hundred dollars a year, never going to be that price of again. The price is going up in two days, never going to be this price ever again, never again, where nowhere in the world, nowhere in the world, never never ever again. So yeah, it's nothing to sell. You've seen, you've seen, You've seen our work, and like I said, this is something that we do every single week. We have clubs inside of

ey University. I do a financial planning call, Troy does the book club, movie club, we have a Facebook group, Matt does real estate. I mean, we've poured so much and we have two full time employees, we have tenured professors, and we're planning group activities this year. So yeah, I mean ey University. When we say it's the biggest ever,

we're not just throwing that out there. It's actually we actually put a lot of time into this, and we formatted it and we have the correc people that's actually teaching, and we've actually it's not as easy as it looks to put together something like this, So.

So let's get into some questions. This is another part of the ey University experience where it's different from the podcast, where people actually get to ask questions and and it's an interactive experience.

you can't steak eth with the euroy wallet. Now, one option if you do have ethan you want to steak it is litle that's spelled l I d oh lito. So that's one that I use when for staking eth. Uh BTC bitcoin is not a proof of steak coin, so you can't stake it. But another option if you want to do this is you can actually use a platform like block five and they will give you interest on your bitcoin. And for link link there is no

staking on link at the moment. So that's uh, just a little bit of information for you.

have is having an exit point. So people are like, Okay, it's going to the moon, but you haven't taken any profit. So scaling in and scaling out of the position for me would be really key. To tell people. It's like having a target price, like it might whatever that price is in your head's gonna be different person to person. But being willing to take profit, I would say, is that that next piece and having a plan in place to say, all right, this is where I'm looking to

take a little bit off the table. This is where if it goes down, it might add because what happens is so many times people are like, Okay, well I'll put the money in, I'm just gonna wait for it to appreciate, and then you get one hundred percent or two hundred percent return. But then you have an exited So I would say having a proper exit and an entry pattern as well too if it does go to the downside, where you might start dollar cost averaging. So that's what I would say.

So you want to understand that as well too. And I think that's one of the things that kind of gets people a little bit confused on the tax side. I would tell I always tell people I'm not a tax professional, to go talk to your financial advisor and your tax professional because they're going to give you more information based upon your personal case. But I always tell people to be mindful of that and please be sure to put money aside when you do make money to pay your taxes.

for you to be able to control it. Coin Base is just a means for you to exchange, so when you're ready to purchase or you're ready to sell, you can send it back to coinbased sell take your money, or after you purchase Boom, you send it to the ledger the store. And I just always want people to be protected in the space because there is no one to call when things go wrong. And that's my reasoning behind me saying that.

case you're not able to get to your coins. If you have some loved ones that would you be able to use those coins if for some reason you're no longer able to, Like I've heard stories of people who passed away and their family weren't able to get to their assets. So if you're going to use a ledger or something like that to store your assets, please have a plan in place just in case, you know, something happens.

you know, I founded the Crypto Club. There's also the Real Estate Club. There's all these different clubs, but there's this one focused goal of education and making sure that each one can teach one. So DOWS allow for that to happen in a way that was never before done. So if so, definitely looking too DOWS. That's d a O Decentralized Autonomous Organization.

near tops. You want to try to buy where you see those five, ten, fifteen percent drop offs. And then also you want to set price alerts. So bitcoins right now is at fifty eight thousand, you might want to set a fifty three thousand price alert because that might be a voice huh.

You know, as soon as that price hits it notifies you and said your target prices, reach trading view if you're using a trading view software, and it'll send you those price alerts and those updates. Which is really really key when it comes to investing in trading in a cryptical space, is just staying up to date, like you said, because it is a very volatile market, a lot of things can happen and change overnight. Sometimes you can wake up and you made a lot of money. Sometimes you

wake up and it's not looking so good. So that would be what I would say.

everybody else in the club who's like being in here sharing. Yeah, they're all in here and sharing and like helping me do what I do every every Friday for the Crypto Club. So shout out to them.

give you the link to the telegram channel so you can join.

you literally showed us why people are saying that. Are you comfortable saying where you think etherium can go after the two point oh was lunch?

eighteen million, and crypto is still new. Guys, there's not a lot of people in this space, as much as like people may think it's talked about a lot now, but this is still a baby, like, this is still a newborn baby space. As much as we've seen the price of bigcoin grow and appreciate and ethereum, Ethereum is just getting started. So I could see that's my price target over the next two to three years is ten thousand.

the Crypto Club? Because the Crypto Club is inside of Eyo University and it's something that you know has become, you know, something that is very very valuable for Eyo University. But can you just you know, explain it a couple of minutes, Like, what is the Crypto Club?

with other clubs. We actually did a collaboration with the Real Estate Club and that was that one was fire because we really went deep into different UH strategies for you know, using your crypto assets to to you know, earn a return and put that return into real estate so and then even and so the goal of the club really is to educate people about the usage of crypto and how they can benefit from it, and to also give a spotlight to some entrepreneurs who are in cryptos.

So we've had a couple of guests, and we've had Chad Copeland who's been on our show, who's doing some big things in terms of education. We've had my brother Vernon Jay, who's doing some great things when it comes to combining crypto and real estate like tokenizing uh real estate assets. And we also we also have a couple of other guests coming on. We have eric An from Audacity Fund, which is a black VC crypto fund, so they're investing in black entrepreneurs who are doing things in crypto.

So yeah, it's all about education and just giving a spotlight two people and yeah, like this, that's pretty much the Crypto Club. So you know, check it out, join and if you want to contribute, if you want to build it out, if you have some ideas on where we could take it, or we're open to hearing those ideas. Yeah, that's that's pretty much it.

tuned in breaking tuned in. Yeah, So if you're in the chats right now, we have Justin in the chat, we have Winston in the chat, please reach out to them, and then we're going to get you your special POE app NFT proof of attention to show that you were here, you're with us tonight.

on the path of learning. And that's whether you you know, go through the rabbit hole of YouTube or Instagram or whatever, you just learn, most importantly, just learn eyo Versity school was just created just as an accelerated program.

be left behind. Even if you you know you're not able to afford it, you know, we still we still going to provide your information in this public school. But you know, some people just want to accelerate their their learning curve and that's the private school out But there's no private school that costs seven hundred dollars for the year. I tell you that much because I went to private school. So yeah, so you know this is something that you know, you know, we uh and we and we like to

promote from within. So like Janet, if you watch market. Mondays, you know Janet. Everybody knows the story with that. Janet was somebody that was a paid member of Eyle University and she had a great job at Fidelity. She was making a lot of money at Fidelity, and we just sort of value in her and we paid more than Fidelity was paying her, and we brought her in as you know, the person that's really running Eyo.

probably get like sixty thousand views in a week. And it's like, all right, this is an opportunity where they can actually you know, get their voice out and be heard on a on a on a world level and you should definitely follow these gentlemen on Instagram. And you know, so that's how we really, that's how we've always done is like groople economics, and it's like we've done that

from day one. We've helped a lot of people, you know, build their platforms, and we've hired a lot of people, and we you know, pay people for their services, whether it's the people that do flyers for us, our videographers, everybody. You know, a lot of times people don't fully understand that, like it's a business. It's not just like, you know, we just get up here and just start rambling, Like

it's a business that's actually thought about. And ninety percent of the people that we actually work with and hire and promote and we you know, give opportunities to and give voices to our black people that would not have opportunity to have their voice heard. Before this, there was no there was no outlet that was given black people a voice to speak unless unless they were, you know,

was on CNBC. And like how many people can do that, maybe one or two and you have to have you know, an Ivy League degree, you got to work for a hedge fund. We're not saying none of that. You know, if you can speak and you know the information, it doesn't matter where you went to school. It doesn't matter if you went to school. That doesn't matter. That stops people. A lot of times, you know, there's barriers of injury

that stops people. But we created a platform where we can do whatever we want to do, so we don't have to answer to anybody. So you know, this, this institution that we've created has given the opportunity for people to spread their voice all over the world. Were going to Africa tomorrow and you know when we started on your Leisia, we started it in my office first and Den Troy's dining room with iPhones, and we was as

local as you know, a half a mile radius. And now you know, we going to Africa and we got you know, strong support in Nigeria, a second biggest market outside of America. We're going to Egypt doing a networking event at the top of the rich Carlton. I say that to say like, it's just a level of inspiration and motivation I think that everybody can off from because you know, we just regular people. We didn't have any

any special advantage. I was working in finance. Troy was a gym teacher, So you know, if that's like, you know what I'm saying, If if we can, if we can do this and become the top business platform in the world, anybody can do it. So I say that to say eyl University. Eyo University is something that we're extremely proud about.

So you know, you lock your membership in, you get all of the access, you get discounts to invest fast, all of that stuff.

where would you be able to shine? And I just want to just tell him, like I told him that public publicly, but I want to say it to everybody because there's another kid who might be fifteen sixteen right now who now has an outlet to be brilliant and he's not playing sports and he doesn't wrap, and there's nothing wrong with that, But there are other people out here that have brilliant and have a brilliant mind and have no platforms or no way to share it or

even hide it, right they even hide it least no platform to explain it. And so like I want to encourage you. Yeah, you see a twenty two year old prodigy, but there's a twenty two year old prodigy that's in our YouTube. There's a fifteen year old one. There's a fourteen year old prodigy right now, and so I encourage you to be a part of a community that highlights you, that celebrates you, and that encourage you to be great. And so that's what we've built here and we're very

proud of that. And to see people that look like us talking at this level right that was one of the things I took from Jamaica was they said, look, we've never seen black man talk like that. We've never seen somebody with so much intellience talk like that. I'm like, Yo, there's a whole gang of people around us that are talking like that. And so welcome to the family that everybody that's joining and everybody that's watching on YouTube. Man,

welcome to the family. Because y'all family, y'all know, y'all here with us on market mondays, y'all here with us now.

I wish I wish nip was here. I wish he was here to see y'all because he would really love y'all. That's that's the worst that he said out of his mouth. So the marathon will continue. The marathon will will continue. Thank you, gentlemen for stellar presentation. Please let them know how to follow you on social media please.

passed away. Yes, I appreciate that. It's just like rejuvenating to get on here and just kind of feel this energy just uplifts your spirit. And this is like, you know what I do it for. I'm passionate about teaching people. I'm passionate about our people because I know the more that we get this information, we start changing our reality and we start changing our lives collectively. And this is a game where all of us can win, so it's no competition. Honestly, two heads work better than one and

that's the way we need to be thinking. We need to be thinking, boom, how can we work together to create a system to be able to effectively go out here and at these markets.

I appreciate it and I'm looking forward to do stuff with both of you gentlemen in the future. Man, both of you gentlemen, thank you for you know, sacrificing your time to educate the people and most importantly people, make sure that you you retain this information.

tell you like do this and get rich quick. We really want to educate you and really want to, you know, help you. Actually you know, provide for your family and provide for yourself. So you know, take your education serious, keep educating yourself, keep learning, and keep sharing the information when you when you get it, share the information with somebody else.