every single bull market and bare Market that I've been a part of the same exact thing has happened that has caused millions of people to lose millions of dollars and I do foresee that this thing is approaching whether it be today tomorrow next month next year I don't know but I do know that it's going to happen again and if you are not prepared for this specific thing you are going to lose more crypto than you can possibly imagine and so what I wanted to do very quickly is make this video for you all explaining
exactly what this thing is why it happens and how you can avoid it and if you a new investor especially I need you to stop whatever you're doing and listen very closely because again if you ignore this you will end up losing some of if not all of your crypto so let's get into it now in order for you to understand why this specific things happen you know I need to lay the foundation give you the context and kind of show you why it happens I suppose so every single bull market let's start in the
bull market every single bull market money is easy right whether you're a Creator an investor a business or software provider a service provider it doesn't matter making money is easy everything is going up retail investors are excited liquidity is high everyone's winning everyone's euphoric again it's easy this is why everyone just seems to be like a genius during the bull market right as long as you just say hey things are going to go up you look like a genius and although this is fun and although this is you know an exciting period in time especially
within the world of crypto especially compared to what we're in right now this breeds a problem the problem with a moment like this with easy money is that it lures it magnetizes fraud and magnetizes Corner cutting and magnetizes poor foundations and bad fundamentals and what I mean by that is it offers the ability for people who will cut corners or create businesses with bad fundamentals or fraudulent investors or fraudulent CEO to create successful companies because someone like Sam bankman freed can just use the bull market as a disguise to start really doing fraudulent bad things
you know you're you got more customers coming in they're using your exchange your exchange is growing you're generating profit you're raising money everything can look very good because you're capitalizing on that influx of retail investors and that influx of liquidity and it again this sort of environment spawns it like just creates all of these poorly managed terrible fundamental type businesses that end up having problems you know you can think about some great examples of this are anchor protocol from back in 2021 and 22 FTX from 2022 you got a whole bunch of them from say
2018 and 2019 I mean it happens every single cycle and what ends up happening is that as that bull market starts to come to an end you start to notice the cracks in their foundations because these people came in during the bull market when things were easy and they created these companies on bad fundamentals or fraudulent practices those cracks are going to start to show the moment that the the Music Stops right because now when the bull market is coming to an end and the bare Market is starting you don't have all of those customers
to disguise your problems you don't have all of that growth to disguise your flaws you don't have those things and it really makes you face yourself as a company in which most companies don't really survive it under those circumstances and what ends up happening is that as that bare Market does begin those cracks that are now showing start to break down the foundation and as that Foundation breaks down and chips away and chips away over an extended period of time what you'll notice is that those companies will tend to collapse as I mentioned before anchor
protocol FTX are some fantastic examples of this now the reason why I'm telling you this and the reason why I'm giving you this context is because I see this coming over the course of 2023 and 2024 we saw more companies pop up and more cryptos pop up and more creators pop up than basically ever before I mean what we went to what 11 million crypto projects like it was just there right and amongst this influx of creators and companies and projects is a substantially higher amount of fraudulent and bad fundamental companies more than you can
possibly imagine and if this crypto Market continues in the direction in which it's been going which is going downwards right if Bitcoin Falls at 74k and alts continue to fall like they have been what I can guarantee to you is that some of these companies are going to have their cracks exposed Jokes Aside and they're going to see their foundations really start to break away and as time progresses and if we do move into a bare Market you're going to start to notice these companies collapsing and all of the people who are interacting with and
using the products that they offer the services that they offer losing some of if not all of their crypto and so a good example of this for example is let's say there's a new exchange that popped up in 2023 and when absolutely amazing things have been going great they're updating their UI and you like it so much you're just leaving a ton of money on it every single day because you're Trading and then one day the bare Market does start whether that's today or next week or yesterday or whenever and things start to slow down
a bit they start to make a little bit less money the funds are coming in and they're not coming in as they once were and that company starts to recognize like man we've been spending more money than we're possibly making but because we were growing things looked like we were actually doing well but in all honesty they were just burning a ton of cash and just using new user inflows to kind of fund everything that they were doing and then those inflows start to end the next thing you know they realize that their operation doesn't
work work their fundamentals are broken the you know the the rewards that they're offering or the apis that they're offering or whatever it may be simply is not sustainable it can't last and next thing you know they recognize that there's not enough money to be able to support withdrawals they start to kind of do weird stuff in the background to try to hide and cover up the fact that they're IL liquid someone finds out then they make a tweet about it then people start pulling their crypto off the exchange and now everyone's starting to freak
out and everyone's trying to pull their crypto off the exchange and now no one has any money because they shut down withdrawals they left with the money they disappeared and you have nothing remaining that's how fast it happens and we are going to see things like this happening more than you can imagine especially if this crypto bull market is over again I'm not saying the bull Market's over this is not a video for speculating I am not speculating when I say if the bull market is over we are going to see this happen and I
need you to understand that and that is why I'm making this entire video is to warn you that companies will start breaking they are going to start collapsing and if you were Overexposed to any exchange any service provider any blockchain any crypto project whatever it may be I'm telling you you are going to end up losing a lot of money the only way to avoid this the only way to make sure that you are not a victim of someone else's bad fundamentals or fraud is to ensure that you are not Overexposed to anything if you
have 10% or 20% or 30% of your your total net worth on one exchange take it off moving it to a bank probably a better place or put it in stable coin and send it to a cold wallet if you have all your money invested in a passive income protocol take it off and get it out trust me because I didn't think that I was going to lose $80,000 on anchor protocol in 2022 until it was too late I didn't realize I was going to temporarily lose $225,000 on FDX until it was too late so
trust me when I tell you this is the moment where you start to pay attention to where all of these different funds are at where you're overallocated at and start pulling that back back into your possession because the cringey phrase not your keys not your crypto is more important now than it's probably ever been in your investing Journey so trust me when I tell you I need you to go look at your spreadsheet or go look at your breakdown figure out where you're overallocated at pull some of those funds and put them into your possession
whether it's cold wallets or maybe even hot wallets but just get them into your possession because if you are Overexposed to any company any blockchain any exchange any anything you are going to end up losing this is going to be my third bare Market whenever this bare Market starts this is my third one and every single one prior both of the bare markets I've been a part of before this I saw this play out over and over and over again so do not fall for these traps do not fall for the toxic mindset that you're
just Invincible to things like this because trust me as someone who's been through this myself you're not and you will lose so don't over you know don't Overexposed to any place start getting your crypto back into your possession get it into cold water go store it off chain and you'll be okay but I just had to make this video for you because trust me we're going to look back at this video and I'm going to tell people I told you so trust me on this be Progressive about this go get it done now and then
I'll see you in the morning in another video peace out everybody
