Crypto Expert: What You Need To Know About The FUTURE of Meme Coins

Trading Lord him millionaire and I lost it all so it was very very dark and simultaneously I was uh in an accident with my best friends so my best friend died in my arms I lost all my money the worst times in my life were due to trading and I've had this multiple times over the past three four crypto Cycles where I made seven eight figures and back to zero we're talking zero you mentioned leaderboards earlier in terms Of credibility day I reached out to you you're number one on the byit leaderboard it was the

first time in my life it was a very emotional morning for me I called my parents I cried on one of the biggest exchanges by bits I was the most profitable Trader in the past 24 hours I have million dollar positions open right now as we speak if you know how to play the game and you know you run the Playbook you can print money out of daire to an extent investing having An edge is being quite about it for me Bitcoin Bitcoin will go to $100,000 days zero doubt in my mind and I've been

meing and posting about this and now with Trump potentially getting elected and whatever like we could we could have $100,000 Bitcoin by Christmas literally this is how confident I am that Bitcoin is going to go into pretty outrageous bull market over the next 6 12 uh 14 months people who' have been in maybe the last cycle last two cycles have done The round trip bought well but didn't close well what would your advice to them be to hopefully make a change you know hopefully make a change and do put themselves in a better position if

you've been watching for this long this might be the most interesting part [Music] the number one podcast in the trading space the fastest growing and that's thanks to every single one of [Music] You welcome everyone back to the words of wisdom podcast we are still in Dubai the last podcast for this Debby trip and we had to finish it on a bang on a high note we're still the number one trading podcast in the world and the fastest growing thanks to all of you and our incredible guests talking of which today we have the one

and only it needs no introduction cuz it is the trading Lord himself Scott thank you so much for having me my friend it's my pleasure see I try and go for like you know the sort of boxing intro you know the huge you've actually had that I'm sure yeah yeah yeah I mean that was that was an interesting an interesting experience we'll go into that we will go into that at some point where I like to start though is just um you know like why trading I always go into like why trading trading is one

of the hardest things to do in the world trading SL investing um you know most people who do Get into it quit very early on Y and yet you've been doing it a very long time very successfully and still here um to be very honest with you I hate it I hate it to this day I cannot wait for the day that I just look myself in the mirror and the people around me that love me and care about me that I'd never have to do day trading again it's it's very important to kind of

like specify these different kind of ways of you know managing Mark managing money Inside of these financial markets because people you know they just throw around the term trading and trading is the most personal thing in the world because you are in a very unique position you have a certain amount of time a certain amount of money a certain amount of knowledge and trading is just you taking all of these things combining them and then trying to find ways to be profitable with it right so why did I start early on I had no money

um when I Started investing in crypto in 2016 I had $200 to my name as you mentioned before you know the story I bought ethereum at $7 which is very early and great but I you know I it's not like I've held on to that specific ethereum all that time right so why did I start with trading it was for me just a means to somehow you know of course what everyone is dreaming about to make more money with the limited amount of capital that I had back in the time um and then from there

on you know to an extent I got lucky but very much so I just kept on doing it for for for years and years and years and this is something I always tell all the guys that just you know hit me up and be like I want to be a Trader too everyone is glamorizing the fact that you're a Trader most of the people that you know publicly as Traders are more marketeers or you know they just selling their courses on how to trade Without having any public kind of like you know they've never been

on any leaderboards or you know they have very uh let's say intransparent performances over the years but they're good at at selling um so in my case you know I've I've learned very early on I went Balls to the walls all the money I had the $200 went into crypto and from that point onwards and this was what now nearly 10 years ago every single penny I accumul at maybe through other Ventures Just you know I continuously just put it back into crypto because I felt like the risk reward was immense and in terms of

investing and being um kind of like involved in Industry to this day maybe now we can speak about AI because Ai and crypto I think right now should be the core focus of every person below 30 Years also older people but I'm saying like if you're young driven and you genuinely want to go somewhere kind of quick you need to be absolutely informed About crypto and AI um but yeah and then you know from from the early Beginnings to now I started to become a little better at it because uh you know trading and investing

is 90% experience it's literally try to avoid committing the same mistakes over and over and over and over and over again and it takes some time you cannot teach the most important lessons in investing you cannot you can read 19 books about the psychology of investing the psychology of money the Psychology of trading you can read all the technical Trading books in the world the moment your money is on the line the moment your life is either about to change in a positive or negative way throw all of them out of the window because you

won't care about the fact that Warren Buffett once said it it's that's just not the way it works right so it takes time to just get used to the fact that your money is conly uh constantly fluctuating that you need to Start to build confidence in yourself that you need to execute and just learn from your mistakes so why did I start because I had no money why did I stay cuz I became some what decent that it after 10 years of failing um when will I stop I would say probably another year or two

and then uh and then I try to focus on different stuff that just excites me why did I say that I hate it because the worst times in my life were due to trading were due to sit we Literally in situations where I was on the wrong side of the trades where I woke up risk wasn't managed money was gone all the effort and I've had this multiple times over the past 3 four crypto Cycles where I made seven eight figures and back to zero wow I was very wealthy on paper very young and very

shortly after back to zero we're talking zero so and these are lessons as I said this is the stuff that just it breaks you yeah and either you give up or you Reinvent yourself with the lessons and the wisdom or wisdom as they call it here that you uh that you learned from from these experiences no I love that and we're going to take it very early back cuz uh from hearing your story of getting into crypto it was someone in your school if I'm not mistaken and uh they asked you you know about Bitcoin

or crypto and you said what's that and their response to you was like Oh I thought you were smart yeah what was That what was that like to hear that sort of response and that's sort of the the the pushing into the crypto scene I mean it's exactly what I needed it's exactly I to this day I thank that man with all my heart and you know he's still a good friend of mine and whenever I see him you know I will always he will always have this special place in my heart cuz he was

essentially the one that just made me feel like a fool and I knew he was a very very smart individual So if someone extremely smart says something with pretty high conviction and you're standing there and you're like I think this is ass without you understanding any of it and he then calling you out for you not you know knowing your stuff about it that's especially for a person like me like I'm pretty outgoing you know when I have confidence and conviction you know I talk about these things and the fact that a person that I

was looking up to Was really like attack be personal for my intellectual capabilities because I wasn't aware of what was going on was for enough for me to go home read into what Bitcoin decentralization cryptocurrencies smart contracts were and this was back in 2016 where the education was extremely limited yes I do not come from a tech background I don't come from any techr I have a PhD in yapping but back in the days um for me to understand what a smart contract is To understand how these blockchains work you know it it was much

tougher back then now you have people like you and myself that you know speak about these things um so the amount of effort you have to put in to understand these things in a kind of like simplified basis uh is is is it's much easier to to digest um but yeah so this man just called me out why don't you know the value propos why don't you understand the value proposition of Bitcoin while Back in the day I was already doing e-commerce in 2016 um which was way years before the actual e-commerce drop or not

drop but more like the the actual hype around it and I stopped doing it completely I had some minor successes you know I was selling cat balls 50 pieces here and there but again you know I was I was a student from a from a normal household you know the thing is because I I would say I Dress well or I always wear shirts and Suits so people are always like yeah you know he comes from a very wealthy family and he's just spending his dad's money whatever I'm just like bro I've literally publicly been

in the trenches grinding for 10 years yeah so oh no to get back to I literally I was broke I had no money when I was 16 years old I have three siblings you know my dad is a very very hard working in Great Men so yeah e-commerce started it semis Successful the guy in high school says you're an idiot that you don't understand what Bitcoin is it was you think if he didn't do that though would you have got you know got probably probably um but the fact that it came from a person that

I thought so highly of in terms of the guy was the smartest person I've known MH right um and we randomly bumped into each other into into an in an economics class so it was just destiny that the guy was calling me Out well I was like yeah you know I I have my first business already I'm making a little money and then homie's like yeah I mean how much of your net worth is in Bitcoin and I was like uh I don't want to buy drugs what what what are you talking about um so

I went home and I think it helped a lot with the conviction that I had in Bitcoin over the years he was Raising questions why Bitcoin could fail potentially that were years out like he was so sharp about a Potential point of failure years out that then made him question maybe I shouldn't buy Bitcoin $200 cuz he was theoretically the most knowledgeable person that I know of in this specific industry but he was so smart and this happens sometimes I've seen some of my very sharp friends they start to question their own investment thesis because

they just know too much instead of just being like 99.99% of the people don't understand The problems that I'm overthinking about right now true so I was the bals he was the brain I I came back next Ecom class and I was like yeah oh my I put my $600 in my $300 are in eth I found out about e and he was like oh but you know there's this this this I was like bro don't tell me that I'm an idiot for not knowing about it now I am Balls to the walls all in

I would appreciate if you would come back and you know put your Money where your mouth is as well so I bullied him into putting his money back into crypto and keep in mind e was $7 Bitcoin was 350 maybe um so yeah we were an interesting Synergy back then with where my I was so overly confident in the fact B to an extent basing my my investment thesis on his brain yeah and he was a little yeah but SC think about I was like no I don't even know what you're talking about I care

so he got the confidence I got the knowledge and Uh the rest is history it's the classic you know Mastermind right there correct but you did mention at one point that there was not much information back then and one thing that is fascina like it's an amazing thing the amount of information that's available now the amount of insights that people can get now but equally someone just made a real I made a real a short form piece of content like two days ago okay basically saying like you it's impossible for you To fail now you

have access to so much information mentors etc etc someone responded to that and what they said was very true and I would love to hear your thoughts on it as well it's like yes is access to everything but you of trash that you're about to cons also but people don't appreciate anymore they don't they're not willing to put in the work CU it's just readily available versus back in the day your parents might have had to go to a library to Learn about a subject so you were very committed to I want to get that

piece of information and I think it's even more relevant in crypto trading investing whatever the guys that are doing very well in that specific industry the last thing they want to [ __ ] do is get on a podcast and Y for eight hours I have million dollar positions open right now as we speak don't you think it would make more sense for me to be at home and mon monitor my stuff instead of yapping Here it damn would right um but I just feel like it gives me just so much joy but to get

back to your original question I think in crypto and investing it's very dangerous because as I said before the one who is very very good at investing and trading is very unlikely the person you see yapping about crypto and investing the most these guys are in the shadows in investing having an edge is being quiet about it if and this is I always have to laugh you know when the Guys are like come in my group and get this trading elgo that made me hundreds of millions of dollars here and there only for $18 if

there is an edge M you will extract it you shut up about it and you milk it until it's not an ed Edge anymore and Edge is just like an advantage in financial markets um so yeah it is unfortunately in our industry specifically and I guess some of the guys watching me right now are like oh The guy is yapping and he looks like a douche and he speaks like this you know fair enough but I think at one point you have these public you know verifications being on leaderboards you know being very close with

all the big exchanges why because you provide volume and you've been around you know the block for for a couple years um but yeah there's a lot of trash out there unfortunately there's a lot of trash um but as you said on the other hand There's also if you if you are committed to understanding what is right and what is wrong who's good and who's not you can still very much filter out the noise from the potential million dollar value piece of information that you get from someone and you know I didn't plan for example

to be an influencer whatever and I'm just on Twitter and now we start to do a little bit more of this um but it was just you know I love sharing my stuff and I would love sharing and Getting the feedback from other people saying I don't think this investment is great because this this this and this and potentially there's a piece of information that I then use to reeval reevaluate my trade on my thesis and be like o this is something I didn't know cuz and this is also a very interesting topic where we

could speak hours about Insider information in financial markets is and specifically in crypto the guy who you know runs the company the guy Who runs the token his cousin yaps to his best friend there's exchange listings on on major exchanges all of it it's all bribery it's all like there's a lot of stuff that I'm not going to to talk about but there's a lot of Juicy stuff on how Mo 95% of the successful crypto projects are literally orchestrated with since day one like the whole lineup is clear like who is going to talk about

it who's going to invest in it at what valuation and then on the Retail side of level who from public influences is going to talk about it what kind of metrics can we fake and then immediately we get the big exchange listings which then puts us to 150 200 300 million valuation it's it's all a big it's it's a big Spiel if you know how to play the game you know you run the Playbook you can print money out of thin air to an extent uh but who's the one suffering from all of this the

retail baboni who comes in and like oh I'm just buying my first token the token is worth already $300 million valuation he just sees the US dollar value of the token itself he's like oh it's only three cents this can go to $50 as well not understanding you know that the denomination of the token you know just because it's worth one cent doesn't mean that it's cheap right this is a classic and I might have said a few people Ripple X p is a token that everyone always yaps about I've been investing in Ripple in

2017 when it was 0.00002 or something like I did a Time 100 on that specific token right now let's take a break for a minute there guys cuz I want to tell you about one of our sponsors Alpha Capital now about our sponsors it's not possible for us to host such incredible podcasts around the world and get the level of guests that we are getting so again thanks to Alpha capital for sponsoring the podcast now Alpha capital is one of the best prop Firms in the industry so far this year alone they have done over

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and strategy you can choose which one is best for you now you can use and get the highest discount available at anywhere using Riz 25 so that's r i z25 for 25% off all challenges the links in the description below so let's get back to the episode the same narrative the same [ __ ] I hear at times people are like Oh why don't you have Ripple in your in your thing you know they're going to replace the the the fundamental way of how Banks transact with each other shut up like it's it's the token

is worth billions of dollars there's zero fundamental value tied to the actual token just because it's worth 30 cents doesn't mean that it can go to $20 because at one point the amount of money and influx of capital you need to put you know go from 3 billion or 50 billion To 150 billion at one point nothing makes sense because it's already so overv valuated uh and and so overvalued and yeah you know but normal people that have zero background in crypto or investing just you know don't don't know these things and that is when

they get seriously burnt where they put their you know their retirement money or their dad's retirement money or whatever into stuff like this that then a one point will inevitably go down 99.9% how important in crypto in particular like it's important in trading as a whole but especially in crypto is doing good quality research taking your time to research uh because as you said about deciphering between the the Bad actors and the bad information and the good information really it's just time like just taking your time to research and observe and and and just take

your time to take on the content that's out there and decide To be able to decipher a lot of the time it's the Bad actors saying the the good lines absolutely telling you this coin is going to 50x or whatever it may be and therefore you're just very heightened towards it versus if you just took your time to look at the bigger picture and do your research especially when it comes to Investments and coins on the other hand sorry to interrupt you but CU it's very very relevant on the other hand what is the hottest

hottest Thing in crypto right now it's mem coins right so there is no fundamental thesis related to it but there is a cultural thesis around it and me I consider myself a fundamentalist I have never been big of I've never hit a times 5,000 whatever with a meme coin because I'm just not in these environments anymore right so many many many many people outperform me on a you know on a short period of time or with luck here and there but I keep at this point I keep Most of my money right and I can

still make you know reasonably sized bets where the upside is still so much bigger than than in traditional Finance for example but the fact that mem coins outperform every single utility token right now is a very it's an it's it's it's a unique and weird position for me as well some of the projects that I have very high conviction in terms of fundamental you know value are doing you know no one cares about them because now What has happened is the guy who screams the loudest about this is going to do this this and this

it's now transformed into kind of like onchain right so the community that is the loudest about I have a dog and the dog has a hat and suddenly you're laughing dog with hat is a billion doll asset and it's a a picture of a dog with a hat right and people get behind it and you are being part of a culturally relevant movement a community but it's Tokenized and the bigger that Community gets the more the token appreciates right uh I a very smart and good friend of mine said buying dog with hat is like

buying Mickey Mouse okay 30 years ago it's the same we don't think about it we're like a mem con should be worth nothing well what is Mickey Mouse worth it's a culturally relevant thing that people just like to see to look at to to wear it on a t-shirt it doesn't matter to speak about so this mind share of a Meme coin suddenly being worth billions of dollars and everyone can financially benefit from it is a game changer it's it's it's it's huge and my company now for example we're building in inside of a middle

ground I would say it's called Collective so we're very much it's all about the community but we're building pieces of infrastructure that benefits them to excel in various areas in in their life but we you know I don't even call I would never call my project a Meme coin but it's still a very culturally relevant coin right so I think going forward this trend will remain where just building good Tech a good product in crypto it's just not gonna go that well anymore because the attention is just not there people don't care if you build

something fantastic unless everyone's talking about it and the only way for you to go viral so virality needs to be now put on top of Fundamentally interesting projects right just being the best having the best product will lose if another project is the same or inferior but has a crazy Community around it and everyone speaks about it and everyone therefore invests in it so that is kind of the shift we're we're navigating in the crypto space right now where utility gets zero attention everyone screams I have a giraffe with hat now because the dog with

hat did so well so there's 19 Copies of everything of course and you know the liquidity is spread around the capital is spread around the most interesting thing probably that is happening is VCS like big Venture Capital firms they're not in the [ __ ] meme coins right so right now we had a period where most of the bigger crypto projects they were all heavily VC funded so the moment they get on the markets they're already worth 70 150 300 400 a billion dollar like we've seen crazy Stuff the retail investor as we said with

ripple for example the retail investor has very limited upside with these VC funded coins but it's still carrying all the risk and they have someone that did already a times 100 the VC that is just constantly selling so there's an unlimited amount of selling pressure unlimited amount of unlocks and you're the one saying rooting publicly saying I hope this is going to continue to go up and then next to you is the guy With dog with Hats where the community bought or everyone bought in at 5 million and they get so so much more attention

so much more reality and they run it to a billion dollars but it's interesting now because the the funds are now like even the big VCS they're now pivoting and injecting serious amount of money into mem coins like the timeline is crazy right now so you see very wellestablished Venture Capital firms with hundreds if not hundreds Billions of dollars on the management investing in absurd funny meme coins so this this is the state of the market right now it is interesting now and when you just saying that and breaking it down in that way really

does open your eyes into thinking that what the future does hold not just in terms of memec coins and the crypto side but even you know traditional investing too but a couple things just to touch on so like the comparison to Mickey mice for Example it makes complete sense and it is true but then it's the it's the reality of like will it have that longevity like Disney's had for example um because comparing then let's say the meme coins for me as right now and you can correct me if if I'm wrong cuz I'm not

an expert in the crypto space but I've been a I've been around it since since about 2016 as well i' never been really actively involved but I've just kept up to date but um meme coins for me Just feels like n flavor of the month yeah yeah exactly like it just feels like nfts like huge hype like very similar in terms of his concept so we had nfts we had the board Apes we had like you know all sorts of different characters that were created and then the meme coin seem very similar right um but

also when when you were explaining there one thing that came to mind that I think you know could have some longevity to it is and it might not just be in Meme coins it might be in crypto as a whole or investing as a whole as I said is just that layer of how the world is Shifting towards that more social media driven uh attention driven uh just generally like our society I think there's too small fundamental differences between the nft bubble we had in 21 and the current um the current uh mcoin bubble whatever

you want to call it first with the nfts there was a team that was selling out the mint you Know everyone was hyping it up the guys made the back and then they're done mhm so I think this is very important because most meme coins they launch very fairly meaning if I work for my bag as they say is if I you know post the memes everywhere and try to convince my friends that this meme coin is different the financial upside and the core team is still very much involved in because if they stop talking

about it at one point maybe everyone stops talking About it so I think there is a slight difference between how nfts the money was raised and the involvement of the team and their drive to towards let's get this to a billion dollars let's make this a globally accepted meme the second thing is most of these meme coins or the big ones that I think will generally pop off they are established memes there's a meme for example and I go into this story because it's literally worth and I will potentially link you up with the Man

that I'm talking about when I reveal his identity at later point there is a meme that is extremely popular in in in Asia in general I have never seen it before it became a token my friend bought close to 2% of the supply for 50 ,000 a couple maybe half a year ago eight months ago whatever he knew how he thought the meme was funny he thought the meme was you know great and it's going to continue to become even larger and larger and larger so he bought 2% of That Supply I think the token

is worth over $1.5 billion today meaning his 40,000 turned into double digit million and up like it it generally looks like it's about to be one of the top 10 biggest uh top 10 biggest meme coins tied to an to an actual meme but the difference and why I point this out is is they acquired the IP for that Meme so the guy who invented or the animator CU some of these are not even like pictures they're Lally just invented animations What they're doing now is they're buying the IP of that and then you know

the community and the token kind of like represents literally the value of that IP so the verality of that Meme then of course you know kind of like relates to the financial you know value of the whole thing and the whole thing is represented by tokens instead of a company that holds the IP or whatever um so I do believe the big difference between nfts is some of these memes have Been established in around for years or decades now you know when the team does well they take funds they approach the actual origin the origin

source of that Meme they buy the IP and then you know it gives the whole thing a little more longevity and and seriousness and this is I think a little difference between nfts where they were just making stuff up they got Capital up front team's like I just sold out a million dollar worth of worth nfds in 2 hours we've done Great marketing it's time to retire do you feel like off the back of what you just said there do you think there's possibility of it going a step further so they buy the IP and

then they create an actual so essentially it starts as a mem coin it raises funs and this is exactly what they and then it turns into a company 100% so like that HW two girl like she was a meme and now she's got a massive podcast and this is exactly what is happening right now so the same way Similar to what I do in my company now is once you have the money once you have the funds once you have in our case you know I funded the company up front so it's even there's zero

capital from initially externally involved which is even more bullish for a community because you can literally I always compare it to walking past Steve Jobs garage while he is kind of like you know just designing the the iPhone or thinking about it and then you being Like Oh don't you maybe need $1,000 just you know to go and get a plane ticket and see someone in Silicon Valley and then yeah you can get 30% or 5% of the company for that plane ticket for example like it's such such crazy early stage which then again makes

meme coins and and crypto just so exciting because sometimes if you look through all the [ __ ] you just find these crazy early projects that will end up doing hundreds of millions of dollars of of volume and Then go into billions of market cap and this is when you hear these stories I hit a times thousand on $200 right which is then still Millions um but as you said the hog two girl is also a very relevant um example of virality and then turning it into an a sustainable business she had a oneliner so

I don't know how long people will remain interested in her but I feel like she's still there so I'm quite impressed I think she has a good line but then like Turning it into like a podcast which then can be monetized on its own has mergin eyes and then goes there and there no I think we're very much on the path of just replicating all of these things but in a tokenized form so imagine you could have and she I I know it for a fact she's about to launch a token because she she she's

been uh back and forth replying to some of my bigger crypto friends like she's on the ver her team is on the verge of launching a HW 2 Token at one point you're diluting your value because now you know you have a podcast you have clothing you have this and unless she does it extremely smart and also in terms of Regulation like we are in the wild west mhm how much of the value can you actually incorporate into this token Andrew Tate is I wouldn't call him a friend of mine but we have a few

a few friends you know that are very very mutual and you know he was texting me on on on Twitter asking for advice on How to incorporate some of the value into his token because he just launched a token kind of like on the whiff daddy you know he said I have unlimited money unlimited power uh you know we're going to run this to a gazillion dollars but the thing is if you have to carry the boat yourself if you are suddenly the meme it's easier to speak about Mickey Mouse yeah cuz we all like

Mickey Mouse then for you as an individual to say I love trading Lord and trading Lots coin Is the best coin and it's all about Andrew Tate right so he needed to and this is the advice I gave him when he when he texted me you need to vertically integrate with as many companies and people from the industry in order for this to become a you know a community and not just I am a fanboy of this specific person yeah um but yeah so with the h two girl we will see my prediction is she

will launch a token very soon it wouldn't surprise me I was thinking like Why hasn't she already yeah I guess the management is too slow yeah I know but um it will be interesting though cuz it's essentially like imagine like a BAL sports or like a the sidan or like um like a Logan Paul for example it could be a new age I I would love to see it like become a thing like what we're discussing right now that organizing social media has been something that was tried quite recently and failed quite Miserably and I

think there's a few reasons why first because the regulation is not in place how much can I share can I do Revenue share now as Logan Paul if I drop the Logan Paul token and you can speculate on his growth I had this idea I think since 16 17 like I'm not a tech guy I don't want to say I'm very smart I'm very average and everything uh but sometimes I think about little Visionary things quite early on so I was thinking to myself in 2017 How Could You tokenize Potential if I see a person

and I'm just blown away by that person's capabilities in whatever way shape or form how could I somehow financially benefit from this by giving them the resources to just Excel and become the best in the world if you go to your cousin's football game and you see a little Leo Messi there and you're like this is the sickest kid I've ever seen like he's so good um but his parents maybe don't have the financial resources to put him in the best schools And you could just chip in and be like let's put this on the

blockchain I would love to have a smart contract that says for the rest of your life every football maybe he ends up being a doctor you don't know but if I give you as a family now $5,000 to put him there to you know make him eat well whatever it might be and I will then get 20% of every single Revenue that is tied or linked to football for the rest of his life I think that is an interesting concept no I feel like am I going down too far to Pure capitalism path saying yeah

you financially profit from someone in early stages on the other hand he might could have been the next L Messi and because he didn't have the $5,000 that someone potentially could have given him he didn't end up being the greatest of all time right so I think there's very much two sides of the story uh for me it was always a very interesting concept and Recently there was a project called friend Tech um where it was more for crypto related influencers but you could issue and buy a token and then bet on that person just

becoming more popular but it was very much linked to you getting access to like a Discord or telegram style group so what has happened is the it was interesting to see because the guys that are popular the that are great at trading or investing in crypto they don't Specifically need the money and they don't want 50 people holding your token saying give me more value give me more value I bought this for expensive because you know you're popular you're up so you invest in something quite expensive and then you feel like first of all the

creator of the token is now in a position where there's hundreds of people demanding stuff from you all the time so a great Trader now suddenly turned into an inflence so he didn't Want to be there he just thought like yeah I'm going to launch my coin as well cuz everyone else is doing it and then suddenly all the people that were involved were seriously demanding his time his efforts his everything and then at one point everything just kind of like flipped over and everyone was like it's too expensive you're not getting value and then

the whole concept for now kind of failed I think the biggest issue with the whole concept was Again because you cannot integrate enough value propositions that don't that are not directly linked to me being in a room with you and you giving me your insights or your attention it's going to be interesting buzzing someone will create a killer application on on this where you tokenize uh and and funnily enough a friend of mine he is always he's been backing influencer back Ventures for for a long time he's done KSI Logan Paul all of the bunch

um and Now he invested in collective in my company at early stage because he thinks there might be an interesting Synergy where a person like me as the CEO is bootstrapping the attention similar to a meme coin he thinks the meme is funny in my case he thinks cuz I am actively talking about all of this and and the company and what we're doing so I bootstrap it initially to get the attention the capital and build the infrastructure and then later on Collective turns into literally this community-driven and owned project um so I do believe

that there is a merit of finding the balance between utility and verality and I am quite confident that my company will potentially be one of the the the ones that may maybe make it big right I hope so if you do you have to come back for part two for sure for sure but um you mentioned leaderboards earlier in terms of credibility of Talking of which obviously literally the day I reached out to you you're number one on the uh byit leader I want to sound like you know oh it was the first time in

my life I know but it was the first time in my life and it was a very emotional morning for me I called my parents I cried and I said hey it took me nearly 10 years of pressing buttons on the screen but today on one of the biggest exchanges by bits I let's take a break for a minute there guys cuz I want To tell you about the best trading tool on on the market trade Zella the reason why trade Zella is the number one trading tool that every Trader needs is because you can

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it is for absolutely everyone and that is why thousands of Traders have signed up using my link here through the podcast make sure you use the code Riz 10 for 10% off your monthly subscription or W for 20% off your yearly subscription the link is in the description below and let's get back to the episode was the most profitable Trader in the past 24 hours on derivatives and it was a big thing for me because the amount of times that I cried laughed and slept with my laptop was you cannot count it on a thousand

hands um so it was it was an interesting day for me but yeah so there There are these leaderboards on the bigger exchanges where you can display or remain anonymous right like I mean in the these leaderboards your name will pop up you can just choose do you want it to be Associated to yourself or not of course this is very much for retail investors uh it's it's not like I made $100 million or something yesterday like this is very much for non-algorithmic based VC like this is just you know no market makers no no

no bigger F this is Very much you are an individual public guy don't play it down though don't play it down because it's absolutely incredible see like we've heard where the start was and you already mentioned that you have positions are you know running seven figures in the background while you're here on a podcast and as we know with the retail Traders you know they want to get into that position that's where they're aiming towards you know they're aiming towards to try and Be in that position as well so for them hearing being able to

hear the start of your journey you know how you started to to obviously now in being in that position and I'm sure there's moments in between that we need to get into as well but that's what they're after that's why they're here that's why they're listening um because they want to be in that position too and just to give them hope at times right because I had I think potentially like six or seven Times in my life where I was in all of these periods you know I literally my account got wiped so I got

liquidated for 300 700 a million like I got liquidated for substantial life-changing amount of money and the account was empty right so years and years and years of buildup 15 minutes of Doom meaning one Wick because the volatility in crypto is insane right so if you don't manage your risk properly or you don't learn to manage your risk properly the Market will manage your position for for you meaning the market will close your position and liquidate your assets um what happened in those moments cuz they're the moments I want to talk about in terms of

those very low moments what was your thoughts like how did you rebuild after that and this is initially why I said I hate trading because I am by far the worst version of myself when I'm in serious trades therefore funn enough 72 hours ago before I hit the Biggest p&l uh of the on byit you very stressed but you get used to it you get better at it but I literally turn into a person that I don't want to be I isolate myself I when especially when the position goes again when the tradeit goes against

me I isolate myself I am not sleeping uh and this is very personal but I can tell you and I don't think of no I never said this online um I had somewhat like a heart attack not that long ago q1 this year really or at Least it it sounds maybe now stupid but it was just a severe severe severe panic attack why they say it's the same feeling thought my heart would stop and this was the moment where a lot for me changed um it was the best quarter of my life q1 this year

inshah this quarter now will potentially be better but the way I was just ruining myself my mind my body and my relationships very unhealthy very very unhealthy right so as I said Everyone's always glamorizing you know being a Trader and you know I'm sitting on my Lamborghini outside in in Dubai and I make millions of dollars it's all [ __ ] those are the market those are the marketing guys right the the real Trader is very very disciplined sometimes I always say there's two things that make a Trader good either you're incredibly disciplined or you

have big balls and conviction when the time's right I am definitely not the disciplined one I Just have high conviction and uh reasonbly sized balls when it's when it's when it's time to and yeah I mean during during these periods you just feel like you've been robbed of your time I've been grinding for so long and then this [ __ ] account is empty again and you start from scratch and this is something many many from the viewers potentially can resonate with starting with little money is tough because now you have to be even more

careful right Because yes this is we can also talk about this because it's interesting um people think when you have a lot of money it's so much easier to you know just make another M and people say the first million is the toughest I agree but also I tend to disagree like it's a it's two sides of the coin again because if you get to a million by yourself with very little Capital you should be able you know you've learned your lessons to somehow not blow up completely in my Case because crypto is so volatile

I'm just a kind of like an impulsive person so sometimes my bols can be too good for my own good um but I think at one point you know you deserve to have these bigger positions and you do have the experience to manage them accordingly um with a baboni with low experience and very little money it's of course it's tough so you need to take some of these riskier trades at times especially if you have hundreds of dollars one thing I Wish would have been different in my upbringing in my trading career is I wish

I had just a regular job like I wish I had income I started with zero I never had a job in my life straight out of high school homie was trading with $300 that then turned into 30 and from there you know I I made my first seven figures but then back to zero so when I was back to zero after being a millionaire in 2017 that was a tough one cuz I'm standing there I went back to University really absolutely I was in three universities over the the path of like 3 four years whenever

the bull market was back I I left and then I came back for the next for the next round um because you know I lost it all again and this was something where at one point I was extremely upset with myself because I made the same mistakes again I didn't manage my risk accordingly because there's a huge difference between I make $2 Million I lose 400k or I make $2 million and I go back to zero even if the 400k feels different and this is something we should definitely talk about is the perception of money

the psychology related to your net worth fluctuating and what $200 were to me 10 years ago what they to me now right like all of these things change and I'm reading a a book called the psychology of money right now where one of the chapters uh explains how personal Of an experience your perception of money is which I think is brilliant it's so so so sick so a a person that came up very poorly where the family at all times had to you know know count the pennies and be like ah we cannot do this

this and this is very likely turning out to be a much better risk manager money related risk manager than a person who you know grew up in a levish lifestyle where you know there was always enough money there so we can throw it around um But yeah so what I wanted to say is at one point in 2017 I had six figures left but it felt like nothing because I made my first couple millions and because I thought now it's only 100k you know you lose the fact that I'm was still a 17 18 19y

old kid with $100,000 liquid to your name that's fantastic you in the literally in the best position you can be in 99.9999999% of the people in the world Do not have a liquid net worth of $100,000 when they were 18 19 years old but it felt like [ __ ] to me because I had a little much more and then you know I fell back so I was like I'm going to continue to gamble with this I'm going to continue to go fully risk on while I was committing the same mistakes so I ended up

at zero and going back from zero to 100K took me much much much much longer than is as if I would have just been like hey I got my ass handed to me Good experience let's try you know to mitigate the risks better and then try to you know not do the same mistakes again I did the same mistakes again and um yeah what did that look like that zero to 100K when you had to do that I started a company where I was explaining crypto to everyone so for a brief amount of time and

this was for two months for two months during Co I was teaching people about crypto I was a crypto millionaire before so I was him And it was an interesting situation because everyone thought I was still him the only thing that I still had was a car a superar that I purchased before yeah yeah absolutely so and I I don't wanted this to come across as weird or just yeah literally weird for a period of time I felt like I am pretending to be someone that I'm not cuz everyone thought trading Lord him millionaire and

I lost it all so it was a very very dark and simultaneously I was in in an Accident with my best friend so my best friend died in my arms W I lost all my money I was pretending to be someone I wasn't while I knew I had it in me like I was not lying to anyone and I was never saying stuff like I'm now publicly saying you know I'm a multi-millionaire um I was never saying stuff and people were assuming there's this guy well-dressed in his sports car everyone knows he loves crypto it's

all he talks about but in the background it's me Cramling to pay the insurance for the car right so that was probably the most by far the toughest time of my life in terms of personal growth of course I I said this a few times to my friends I was like either I went to the bridge and [ __ ] jumped because I was literally I was so down bed you cannot be more down bad I am very lucky that my family is the best in the world and I was healthy so I was okay

but everything I worked for and my best friend it was just it Was a lot and that was the moment where I decided either I step up or I jump decision was made it's time to you know reinvent myself and just try to be a net positive for the world and for the people around me and this is what I uh 20181 19 was then the time where I was like yeah no I cannot let myself down and I cannot let my best friend down who believed in me um and now we're here from that

moment then was there still I'm guessing there would have still been Fluctuations but did you blow up again after that no I mean um I had yeah in 21 after so after my comeback um so that was a good stretch of time though like three four years yeah yeah I mean I would say you know crypto crypto is very cyclical so every four years there's like more or less you know you cannot pin it down specifically but over the past and you know history doesn't repeat itself but it often Rhymes especially in investing so every

four years usually There's two years of you know proper bare Market all the you know the the companies that raise too high that are inactive they'll go to zero and then there's a year and a half two years of you know bull market where new stuff arises Bitcoin makes new alltime highs and there's new attention new money and everyone is happy about crypto again and I would say most previous cycle I've done well enough that you know I I I would say I never had to work again After 21 um in terms of just money

whatever um also something for later retirement is a scam everyone dreams about being on the beach drinking a cocktail not true but let's get to that later um so the first two bubbles I blew up 100% And then let's say since 21 is uh I was finally not committing the same mistakes that got me into a severe stupid situation anymore what changes do you feel you made to to to restrict that and stop that from happening it's Interesting because it's a little contradicting you have to go very very fast when it's time and you have

to go very very slow when it's time and the very slow and the very fast are brothers so you need to switch from hold on this can get so much worse to you see the market just going to zero and you're in your mind you're like what the [ __ ] was that and that is then the moment you take on the max risk and this is of course something that people and myself For for a decade are doing constantly wrong is they take on more risk the higher the market goes the more confident they

are the higher the prices are which in theory you should be Max bullish or Max bearish depending on the extreme levels of the price so the lower Bitcoin goes the more I want to buy but the lower Bitcoin goes the higher the probability that it's going to continue to go lower so it's very important to have a technical understanding of Trends while while being convicted in the macro fundamental of this specific asset so for me Bitcoin has and I've been meing and posting about this Bitcoin will go to $100,000 there zero doubt in my mind

and now with Trump potentially getting elected and whatever like we could we could have $100,000 Bitcoin by Christmas literally this goes so so quick now this week on Sunday we closed a candle a weekly candle that was so important for The overall trend continuation of of the crypto markets ridiculous therefore I was so convicted in my Longs on bybit and therefore I was the number one because I was having ridiculous conviction and size in this trade because I was just so certain but the biggest problem and difficulty is when to put your full Full Throttle

and when to say wof everyone else is going Full Throttle that might the moment where these guys are about to commit the Mistake that I've been making for decades I might go and buy myself a Ferrari now and I chill a little you know so it's it's this constant dance it's salsa or Tango between full on conviction and high risk and this went so much higher than I initially thought let's wait out a little while all the other ones are going crazy and euphoric and taking their their Grandma's mother to put more in it so

this is kind of like the The two sides of the coin when it comes to cryptocurrency specifically because it's so volatile so that is kind of like the game the game I play these days yeah definitely and in terms of uh allocation of your Capital now has there been a case where because of the past experiences and the the volatile nature of crypto as well you sort of don't have all your your net worth in crypto you invested elsewhere so that I am literally selling all my real estate Right now as we speak to yeah

absolutely absolutely absolutely I have such high conviction that crypto and Bitcoin specifically will drastically outperform so in q1 when I told you I had my best performing quarter I was buying a lot of real estates and now me and then my boys were Lally like on the phone to reals all the time to get rid of it to get rid of it so it is extremely important to diversify after you hit it bck and this is one of the core things that I'm doing Better now I some of the real estate I'm never going to

get rid of but I'm in a position now where the real estate that I don't buy for a flip is the real estate that I want to own for the next 10 15 years I am no expert in in in real estate and everyone here in Dubai just says up only up only you know so I don't know who to believe some of the real estate guys I feel like I know more about real estate than them even though I have very little understanding of it Um but right now for example funnily enough the profits

I took in q1 I re-inject right now this is how confident I am that Bitcoin is going to go into a pretty outrageous bull market over the next 6 12 uh 14 months and you said towards the beginning of the podcast that you only probably trade for the next year or two correct um is that just trading though investing you still continue in crypto this is when I said in retirement is a scam per se I now That I'm I'm a first-time founder now I'm a CEO I'm the CEO of my company so every day

I learn a [ __ ] ton of things being a good with money does not mean you can lead a team being a funny charismatic influential person does not mean you can lead a team uh you know sometimes I'm too nice of a boss sometimes cuz I'm very you know chaotic at time so I need very strong infrastructure of employees and partners helping me to maneuver all these things Um so my plan is being fully fully fully exposed to crypto and of course with my company Collective benefiting heavily from that and you know just making

sure this project goes down as not only a tradeit but a part of people's life and this is something I feel very strongly convicted in I do my bet I don't need money anymore I want to help the guys that believe in me right CU there's a thousand people saying trading Lord now you know he probably his account got Blown up again now he makes this token just to make money whatever you know I'm literally on the leader but I'm doing very fine this is this is something that is very dear to my heart I've

never been involved in a project ever before this is my one baby that I will bootstrap to a billion US Dollars market cap in the next two years and then I disappear from social media you will never hear me again um yeah in terms of real estate and asset allocation I think we're Getting and I'm know expert in these things but you in order to trade crypto well you need to have a somewhat basic understanding of financial economy you know geopolitical tensions or whatever it might be to just you know these things affect my trades

very much the biggest loss I've ever took which was this summer I think May May June I took a big seven figure loss because I think Iran was shooting a missile on Israel somewhat Out of the blue but if I would have been more involved in geopolitical understanding of the situation I would have not kept these positions open right so these things matter a lot um but yeah so my macro plan for the next 24 to 48 months is fully fully benefit from the de the heavy devaluation of Fiat currencies around the world American election

I hope Donald Trump is going to get reelected it is what it is and Then using the severe appreciation of risk on assets like real estate crypto in my opinion the most will benefit the most from you know just more Capital injections you've seen it the Chinese Chinese government has started now to literally bazooka in billions and billions of dollars into their economy interest rates have been cut now they will continue to cut lightly um so full on same thing limbo between full on risk to full on cash and this is something Where people are

like oh you know you're just a young baboon why would you try to top the macro economic growth cycle I am fairly confident we are so vastly underestimating the power of AI and how much work force it's is about to just be eliminated and taken away from human beings I generally believe in 3 to six years from now we're going to be in a very very weird situation where macroeconomic growth potentially just goes up slightly because AI is carrying The boat so much but that then means that 50 people 100 people thousands of people get

replaced by one specific either like robotics cuz musk now for example is saying in 15 years from now there will be twice the amount of humanoid robots on the planet than human beings right so if AI takes away a big chunk of the work while there suddenly your butler a robot that does your gardening washes your car and you know feeds the baby what is everyone else Doing right so my plan is very clear and I can be totally wrong have no issues I'm fully fully fully risk on the next 24 months I buy pieces

of property in the world in different locations that I think make sense and I don't touch them and I go there hopefully building a literally like a village if this is my this is my plan I'm I'm building I want to build places where the people that align with my Visions or our like a community with my friends we're buying These things and then we everyone just makes 15 kids we watch them grow up watch them play football together we box all together and we have a good time this is my macro outcome because I

am genuinely afraid of the repercussions of potentially 20 30 40% of the population just getting replaced by either robots or AI it should be interesting because it makes sense in terms of what ai's capabilities in just the last year the last year so and if you haven't used AI A year and a half ago you don't understand how incredible and you know a creative like you for example from mid journey to DAL to uh llms to to voice to speech whatever it might be these things I have seen a video of myself in Chinese you're

I was falling off my chair a guy from my community made a video of me yapping in Chinese it was fantastic it was the best thing I've ever seen and it has your turn of voice right it has everything everything at one point if I Do three more podcasts they can feed all that information in the in the [ __ ] llm and they can replace me yapping on stream into Chinese or Spanish it's it's nuts so I think people are kind of just not aware how quick these things are getting better and people are

like yeah maybe in 10 years if we continue with this pace and usually you know there's this hockey stick growth patterns and I think we think 10 years it could literally be in three right and then you Have musk with his virtual reality glasses where initially everyone was like hyped then everyone was like I don't care cuz there's no apps that you can use for this and right now he is heavily pivoting back to metaverse with interesting things one of my best friends is building the biggest metaverse company here in the UAE wild wild scenes

SO trading Lords not variable prediction is in 10 to 15 years from now people will be living in a pod Wearing VR getting Universal basic income sent to you with a cryptocurrency or a digital digital dollar whatever it might be um and you just live in your little world because there is no room for you or there's very little reason for you do you find it fascinating how like the layers all sort of intertwined suddenly everything makes sense yeah like the universal basic income but then digital money absolutely not physical version and you're wearing your

little Thing so you're tucked away in your little box you think that you know you have your different reality where you can be whoever you want to be you're away in terms of issues from from all the governments you're well kept there you're fat you're happy everything's okay very very scary another world that I want to live in therefore I build my own mountains with that's it with the goats and the kids um but yeah we're entering very interesting times I don't Want to be too pessimistic about these things um I saw a different perspective

where a guy who was an an AI data researcher and an analyst and he's like we reached kind of a plateau where the llms are just you know they can do everything that they were supposed to do but we're so far away from them starting you know to be uh kind of like a mind on its own more more sentient um so maybe I am being a little over dramatic I don't know and again I'm no expert so I could Be completely wrong um really what the classic saying is is like they already have that

they just don't tell us about it because they know that s is not ready so when they had one megabyte speed internet they already had a gigabyte but they just kept that to one side keep it in a little scale need to scale it and financially monetize that scale up as well I think if you there was an an article I read about VR glasses like literally in the 2000s like 99 2003 and They tried it and the society was just like what the f what am I going to do with this like I have

zero desire to run around within with with something that is not just you know normal sunglasses now I feel like you know and and I think we can have an interesting discussion about implementing a chip in yourself for example I think El musk is one of the most interesting men walking this planet right now and what he does with nural link for example where you know he Helps people that can't feel their legs or whatever you know to regain the the what is it called synapsis [Music] friend of wasen Tok What a one point the

neural links from your brain and my brain they can communicate but on a times 10 times 15 speed in transferring the information and I thought that was crazy interesting because he's like imagine our world if we would slow down language and Information by Time by 100% by 50% for example everything this podcast would take us 9 19 hours instead of three mhm because I cannot get the information across as quick what happens now if you multiply it by two or you know that you make it 10 times faster if I can just look at you

and you know exactly the whole context and everything I'm about to yep about yeah interesting right so down the Matrix you mean downloads the skills yeah downloads the skills Downloads everything and it's just us communicating with instant speed you understand everything I said clearly it's it's it's crazy it's the crazy world we live in um and then people are like yeah I would never put a chip in me I am getting anxious already because my phone I haven't looked at it in an hour and a half fair enough I have A10 million position open but

still this is an extension of us already and we are we grew up with it but we didn't grew up Grew up with it like I wasn't holding an iPad when I was 3 years old so the next Generations I think it's going to be Cru like crazy so this is also something keep your kids away from some of these things and then other people would say yeah but then they don't have access to the biggest library in the world I was like yeah you can still give them books and and read about it's like

a combination you know it's a combination it's everything in in in in doses I Guess you know that's like you said that there's two sides to the coin you always have to have both and it's it's hard to do cuz it's that we're not we're not naturally inclined to be balanced and to sort of think in that way um we're very emotional creatures but I think trading though brings it out as well trading and investing brings out the emotions it's the most emotional thing ever but stay long enough push yourself long enough you bring it

more centered and even like You said now running the emotions the emotions are not specifically changing with the amounts so the $10 million position I might have open now was my $1,000 position when I had $200 so it's just suppressing the need to do something that has proven over and over and over again to be a wrong decision and the it it's like touching fire like it's it trading and investing is no rocket science manage your risk on a longer time frame and you will be okay If you read up on new things but when

stuff gets out of pocket in terms of upside or downside that is the moment you get actually challenged in did you learn from previous mistakes do you know that you shouldn't sell the Bitcoin bottom like you did in 2021 do you know that this time when you know it's all over the news Bitcoin is $160,000 Donald Trump is embracing it and saying the America America you know the American uh government is buying More Bitcoin and now suddenly Spain and then Luxembourg and everyone else is also saying okay if they put Bitcoin on their balance sheet

we potentially should also get a few Bitcoin goes to 300, like there is a chance that the most ridiculous stuff happens that will absolutely not have anything to do with rational investing or trading and this can also be a pain in the ass right I am pretty rational now as an investor I'm missing out on ridiculous money because I'm following and not doing the same mistakes again doesn't mean that I'm 100% right or that I'm milking the profitability to the max but I'm taking the money home and this is the biggest difference between me and

someone who's about to start again I said it in this podcast he likely outperforms me for weeks for a month a year is already very unlikely but I learned to take these profits and I take them home right and then you know this is something I I I Say to some of my community at times it might sound dumb but buying Rolexes every other week when you're just very lucky and you make tens of thousands of dollars with crypto is not the dumbest idea in the world these things might lose 10 15% of their value

whatever it might be but if you buy very basic Rolex submariners and you just literally accumulate them and take it out of your crazy Risco risky meme coin portfolio at least you have $40,000 worth of watches Later on all your mem coins went to zero so this is something it's liquid you know keep it in a safe don't wear it don't scratch it just you know if if you buy them properly maybe they even sustain or grow in value um so I am a fan because it's very a fan of telling people take buy the

it didn't have to be flashy but do reward yourself with stuff that is liquid and that somewhat sustains their value during these crazy Euphoria periods because there is a high Chance you go home with minus 80% so I have I was in a position where I had to sell some of my watches because it was part of the profits I took but then you know when I blew up again now I $200,000 worth of watches and a net worth of $300,000 that is a [ __ ] position to be in but at least I am

not back at zero and this is what I've seen a thousand times and again I've been through it many many times you literally go very close back to zero I know many many People that started a bull cycle with $20,000 investment from Grandpa they go up to hundreds of thousand and they end it with 12 right so it's but it's again it's a very trading investing profit taking and this is funny when people ask me Scott what should I do what should I buy what should I tra I don't know I don't know you I

don't know how good your risk tolerance is can you sleep at night if you're in a trade do you understand what Bitcoin is and why it likely is going to go to 150k right so I have no idea who you are so it's funny when people ask me I just assume like they must not be seasoned investors because I don't go up to people saying okay what should I buy now and it doesn't matter if it's in real estate or whatever of course I ask people for advice all the time but it's not just like

with the guns blazing saying you tell me what I should do now and I will will follow your lead right And it's also very very interesting now after being a social crypto person for a while it's such a net negative whatever you say someone's going to lose right I can tell you to buy Bitcoin now on this podcast at I don't know what $67,000 it's going to go to 300 someone listening to this at one point might buy it at 120 or 160 it goes to 300 and they sell it at 80 right it doesn't

matter what you say so therefore me as my role as trading Lord is just try to give them Actionable advice that is not that specific that someone can be like oh but trading told me this this and this I am confident today in saying you know Bitcoin at $60,000 if Trump gets elected if no Black Swan happens the Black Swan is an event that no one could have predicted in like Co where literally the markets everything just nukes to zero then it doesn't matter if you're holding stocks or or crypto or whatever uh everything Will

drastically devaluate but yeah so it's it's a constant readjust and now that my brand became a little bigger I have to be a little more careful with how I speak what I say when I say it um and usually I'm very unfiltered so it's not specifically and I told my my videographer and my friend earlier I'm not going to REM like I'm going to just disappear once Collective is my company is in a stage where they don't rely on Me being the driving force and you will never see my face again if you can come

you can you for example can come and visit me on my Mountain but on my in my my Greek on my Greek island but for the rest I have very little desire to remain public I think um the same guy who got me into crypto so the my my my goat he said it's so much better to be unknown and Wealthy than to be rich and famous and as funny as it sounds now when I go to like these crypto conferences people Are coming up to me and sometimes even like in lisban or whatever like

when I go through Europe you know people like in the club they're like aren't you trading Lord I'm like what the [ __ ] like you know now I have I don't know 120,000 people maybe on Twitter following me and I forget you know that's like twice the bernabo stadium or something like crazy amount of people if you think about it um but it has been an interesting journey and I think it will remain Interesting over the next couple months uh but in the long term I don't think that I want I don't want to

run for president I don't want to I don't want to have any political involvement um money doesn't make me happy power doesn't specifically make me happy um there's different things that I aspire to do I want to do good and having money is the most powerful vehicle to changing the world so I will continue my quest on amassing And and Gathering and accumulating more money but I think after all I've been through even though you know when people see me they're like oh you know this suit wearing [ __ ] I am very confident with

with who I am now after what I've been through um and I know why I do it and this is what gets me up in the morning it's not you know from yesterday to today nothing fundamentally changed in my life I was the number one on on bybit or whatever it was such an honor For me and just like a sign of appreciation and you know all the hard work I've put in but you know the numbers on the screen I not that I couldn't care less but it's it's not about that right now I

just like to trade because I think I am a little better than the majority which means it would be stupid to train boxing for you all your life and then there's a big fight where you can get recognition and then Financial well-being and you're not Going to take the fight yeah but in the grand scheme of things um I am very curious to to see what other occupations and and and jobs and and stuff I will do in my retirement cuz you know you have to keep your mind busy um so tell tell us about

the retirement scam so retirement as a young person is a scam especially if you're not a very disciplined person like myself when I was temporarily rich in my previous in My previous Cycles what was I doing I was drinking alcohol all the time spending money on the dumbest things being Reckless with my relationships I became very very chubby and very very I had severe health issues everything turns to [ __ ] when you're just getting consumed by all these surface level desires and this is what a person like me can literally ruin so the best

thing for me was to understand you know I have A loving girlfriend I have the best friends in the world and we have a mission and we walk this path together company having a good company is everything in life so whatever I'm going to do afterwards I just want to meet interesting people potentially use my money to invest in them and help them grow but the last thing I want to do is being drunk 24/7 for vacation is fantastic take your people that you care about and people that you appreciate Around the world show them

everything there is that money I'm not saying money is not fantastic I am excited to buy a new sports car I'm excited to buy a house in in the south of France for my family and my sister just became pregnant so I am thrilled to show them whatever they desire because they truly deserve it but me myself I don't want to lay on the beach and drink panina colada for the rest of my days because I will just end up being the worst version of Myself and while I'm in distress while I'm on a mission

I am energetic I take people around me with me and we're like boys this is interesting do you think we're capable of doing this let's let's face this challenge so chall and this is funnny enough that you mentioned the boxing match I was in a very very dark spot when I accepted that fight it was in 21 I blew up again I was fine but I was down a lot of money again I was living in Lisbon in Portugal everything was perfect and objectively speaking I was doing okay but I already had seven years of

ruining myself with trading before I just felt like one of these moments where I was like right now I feel like I I deserve more and and life is just being you know not nice to me um and then the boxing fight came around and it's changed everything for me it changed everything for me I had to train twice a day I got into martial arts I understand what it Means to get hit I understand the respect the discipline it requires the balls to get into a ring with a man that tries to hurt you

it learned me and all my kids my friends I I box with the boys now all the time it's in my opinion for a man a young man the most important thing you can do is get into any types of high performance sports but more importantly in my opinion um martial arts yeah get yourself in a position Where another human being can hurt you to an extent where you're like [ __ ] this I gen don't want to be here anymore this is the dumbest thing but the reward of getting better at it is like

nothing you've ever seen right so I took on the challenge and I became the WBC crypto uh World Champ which is another fun little Adventure right it's and this is in my opinion what what life is all about it's just having these side quests that just Force you to do stuff where you're like I've never been in a [ __ ] boxing ring I have noidea why do you think crypto is so it's like you said about Community like crypto I've been there's so much talks about doing like a Forex fight night but never happens

never materializes no one's ever shown any interest I tell you why cuz no one is vouching for each other because everyone knows deep down they're selling trades and signals and here and there they Don't they wouldn't want their own brother to be in their best friend or the the other public Forex guys group right I and in crypto there are it's similar in terms of how fast you can make money but I still believe that crypto is not a zero sum game because the crypto indry is conly gr over the with Forex I have to

Chuck about the Forex guys at times I know they make $300,000 a month and my videographer has been working for many Of them um you know they might be great guys they might know what they're doing but we all know that it is literally getting 50% of the deposit from the broker and therefore it's pure marketing deposit $1,000 he just made 500 without making a trade so most of these guys what they need to do is find a guy who is somewhat reasonable at trading sending these signals and and Yap in front of a camera

saying I have seven Ferraris and no they don't buy Ferraris They buy Lamborghinis uh I have seven Lamborghinis and a very ugly rill watch I know what I'm doing you should come and pay and you know be involved and the longevity of these communities don't last why do why is collective right now we launched during summer three months ago it's worth 45 or $50 million right now and there's you know we haven't done any marketing I haven't been public about any of it it's just my Twitter Community because the guys have been With me for

three 4 years these guys believe in me and that makes me get up in the morning I don't want to disappoint these guys they hold K the token they own as much of the company as me or now at this point more because the team tokens are vested for 36 months like we take this with such a long-term approach while genuinely trying to build something that benefits these guys and this is why they are di hard fans this is why they're like this guy has helped Me when I was depressed this guy helped me when

I had no money and he helped me made my first 500 that 500 I put into an alt something and it went to 50,000 this guy changed my life and with the Forex guys I feel like first of all they're all like very much [ __ ] you my Ed should do well better than yours because I am dependent on it so there's very it's very competitive but in a very egocentric way collaboration no Collaborations and nothing cuz why it's just everything is [ __ ] sketchy it's very sketchy in my opinion um and when

I think about Forex and I've never traded Forex much when when I started before uh before I bought my first crypto uh while I had my um you know the e-commerce stuff I bought a few ETFs I bought a few stocks I tried myself in Forex a little maybe I'm completely off but trading trading currencies from countries that are in Constant political turmoil aren't I aren I think I should be supposedly I should be very well at understanding macropolitical tensions politics like you know oh don't Trump is about to speak I should take a look

at the dxy if the dollar strength is about to increase like all of these things and whenever I meet the Forex guys they have no idea they have no [ __ ] idea literally they have no [ __ ] idea what they're talking about Zero so again I could be wrong I just feel like Forex is a a very getrich quick kind of like marketing tool there's people like Stanley dren Miller like the goats that did hundreds of millions if not billions of dollars with specific currency trades this is where I'm like he knew what

he was doing he put hundreds of millions of size and therefore he got rewarded I think day trading Forex is it's it's I would assume it's very Very very complex there's so many moving bars there's so much you know so many different pieces of information that you have to put together to kind of like make a thesis saying I think the dollar is going to appreciate over the Yen I know that these guys are only trading technical analysis so they generally don't care but yeah for me it was always an industry where I was not

in interested in it I would say because fundamentally there's nothing that I can Believe in and I think this goes back to mem coins this goes back to the company I'm building believe in something believe in you you being part of something that Nets a positive for everyone involved we need to set up a crypto F night versus 4ex we can do that they can get some of these hands no I'm not I'm not actively fighting for now cuz you cannot be the CEO and Traer and a boxer it you send someone in you you

be the management instead I I can Manage them but um one thing you mentioned earlier that you're very fundamentally driven right as a as a crypto Trader and investor do you look at technicals at all is technicals a part of your I don't think you can be number one Trader in short term without having any understanding of the technicals um so yeah no no I am I became known because of my technicals I didn't become known because of my yapping right I I was always trading Lord but for the longest time because I was having

a picture similar to how I'm dressed now with a cigar so people thought it's just a random guy that I took because on crypto Twitter most people you know they're Anonymous so everyone is a dog everyone is here everyone is there I was trading Lord with the cigar and sunglasses since they won and then at one point people were like okay this is actually Scott this is the guy um but initially I was posting Charts all the time I still post charts and this is my Edge I am cuz the trades I take I'm not

Reinventing the we about understanding the value proposition of Bitcoin right you know potentially as much about Bitcoin than I do so all I have is to time the market better than you in order to make more gains potentially than than someone who's just buying Bitcoin so when I say I day trade or I hit big on these trades it's very much a well-timed trade so Technical analysis uh is very very important but on the other hand I would say when I see some of the guys with 19 indicators and heat maps and uh yappa yappa

and then you know first I think algorithms in general careful when someone is selling you something as I said before an algorithm is 99% of the time [ __ ] um if there is an edge it gets exploited and then it's not there anymore because the guy made money and then your algorithm is is done um the Guys that do it very well are Quant like with very very very sophisticated methods that the guy on telegram is not going to sell you um but indicators is an interesting one because I am I use very very

basic setups very basic resistance and support levels relative strength index some EMAs at times when you know just to measure the breakouts and very very basic stuff and for my profit taking and if you've been watching for this long this might Be the most interesting part because people are always asking me okay I understand that I will very likely be too greedy too euphoric to take profits how and when how can I Incorporated a strategy that just tells me and flashes light and says hey bros we might get to a top where are so overboard

on every indicator but the thing is everyone will see these things it's not like again I use four very basic indicators that will very much tell me when it's at least I'm Not going to sell the top the picko top like specifically no one is buying the bottom and no one is buying the top you just need to get the big chunk in between and I will I'm quite confident that I will leave this crypto bubble somewhat close to the top and the signs are very very clear everyone actively decides not to look at them

when it's actually time so everyone has 19 indicators that are flashing during the bull market where you don't need them We're going up we're going much higher bottom and top is the only time where I heavily rely on macro indicators and again a weekly RSI you can literally see in previous bubbles when they hit 85 90% on weekly monthly time frames Zoom the [ __ ] out another huge mistake that I've done a thousand times is you get so obsessed with day trading 4H hour candles and hour candle that your TPS are either way too

Close so you just you know you take profit and you run after a new entry you gave up your fantastic entry because the coin did 6% in a day and it's literally shaping up on the weekly candle to make 40 50 70 100% but you're out of your position because you considered it a day trade so zooming out using stuff like zooming out in terms of use weekly candles use monthly candles use three-day very very bullish these are my core when do I get in and when do I out Kind of like time frames for

smaller stuff right now the trades I'm in for example elas are we can you check the crypto Market just for a second up down side no because it's been long um so right now for example I'm in trades that are based on 4H hour candles so I am you know if I was on the leaderboard yesterday it was not because of the weekly candle specifically even though I said the Bitcoin weekly candle closed so strongly that it gave me a lot of Confidence that we will have short-term momentum to you know solidify the fact that

Bitcoin is going to go much higher the next couple months no sorry 66 fine bullish um okay but yeah so for new people that just got into the space or whatever zoom out a little as I said move slow and take it profits but be then very greedy and quick when it's time to flip as I said before it's a limbo between all gas no brakes and very slow take your time so right now in my Opinion we're still in the all gas no brakes and then once major indicators tell you we're so overbought this

is Max Euphoria the candles the weekly candles are very long like just crazy stuff is happening you cannot believe how much money you made that is the moment you should come and see me and I tell you all the reasons why you should give me the receipts take take take profits change your life forever and be done it was a great chapter your day trades Though are you do you have a mixture do you like scalp day trade swing trade or is it a specific sort of style that you go for it's very unique would

say at this point sometimes I don't even have stop losses so I I enter a trade with conviction like the one that put me on the leaderboard now I was just so confident that Bitcoin is going to have a high weekly close and eth BTC so the pair between because this is also interesting to chart altcoins in between Each other eth PTC has been getting so much down like there was zero zero strength and then on very short time frames I saw that there's The Usual Suspects on a specific exchange bidding eth more than they

were bidding Bitcoin so I was then heavily bidding on on eth US dollar so because Bitcoin went up and then eth BTC gain strength that then means that e US dollar outperforms and so I was uh I was very convicted and it paid off but on my day-to-day stuff very Uniquely again it's it's it's a very personal thing you cannot replicate it um it's the balls that are tingling and the brain that is somewhat working and then sometimes you know you just got to take a chance go in with size hold on to your conviction

and then while you're in the trade and it shapes up to be correct zoom out and understand yeah the next 4 Hour resistance is here but we've been touching it three times already it's very likely we're going to Break through and the next daily is another 15% away also the reason why I was on leaderboard was I canceled the initial I saw myself making the same mistake and I told it to my my friend usually I would have taken profit here and then I would wake up and we would have gone a another 3 4

5 7% and this is where of course you know you want to have your take profits in place to maximize the trade so but with bigger position sizes a small fluctuations Already I made $50,000 in a you know what I mean like it's tough to scale the same mistakes and trying to make them right when some much size is at stake because you see the those green numbers popping up saying hey um you know you made a lot of money in a short amount of time you know I don't talk about these things that much

publicly because you know either I tweet about it with hundreds of thousands of people see it immediately so part of collective part Of the company we're building and the token that is out already uh the token tier is K on salana uh is you know just getting insight to my brain as much as I can like I I generally try to give them multiple times per day just you know my my thought process and and why I took this trade and just giving them confidence and and conviction at times because I have support systems around

me as well where they help me so with Collective Now I'm building just this Group of very very interesting people that are very good at different things and we're just generally trying to then you know provide as much value as possible to token holders uh of of of our project so yeah I'm going to Quick fire some questions just to finish one of them being um in terms of there was a tweet I remember seeing where you were saying that you're now getting used to and having to adjust and sort of uh build your tolerance

to managing seven Eight figure positions And Trades how's that going for you how how's that been going it's a very tough it's a tough pill to swallow all the time and again as as the size increases the pressure increases as well but like Jack Hollow used to say the pressure keeps Rising but luckily unbuilt for it yeah um you know you have to adopt and this is very much a mental game so you have to grow you have to get comfortable sitting in the podcast with a$1 million position Running without itching and without being crazy

and having having structured thoughts right but for the longest time I I wasn't I I wasn't like this so these things just like every other skill nothing comes nothing worth having comes easy so just being exposed to this specific thing obviously hopefully makes me a little better so now I can sit here and I have trust in myself that the trade I took is great and if it's not I have measurements and and and and Something at least in place that then closes the trade for me yeah you know now you know I I have

stop losses in today also very interesting after a big big big win don't go crazy for 24 hours at least cool off understand what has happened um so yeah even though I'm I'm saying right now I have seven fig position open as we speak but it was a position that was not opened immediately after okay so I took my time off and I said if Bitcoin reaches here I am Willing to be a buyer again and then yesterday we had a very nasty rejection so suddenly I'm in a trade again with a very interesting and

very opportunistic position so this is the reason why I uh took the trade and uh just final two one being in terms of how important has it been or how helpful has it been if it has been helpful that is uh being able to connect you we talked about Community but also I know that you're very much talking to and around other great Traders you know Trader M being one you know who's a friend of the podcast that's it um but like how's helpful has it been to be able to connect and sort of Mastermind

with those sort of Traders along the journey it's crucial crucial um to an extend it's the same story just a different tone M which is everything you need when everyone is down bed right it's just having people that go through the same struggles that you can share your wins with and your losses probably More importantly is everything and it just keeps you at Bay at times when you're you feel like you're by yourself and you took a big L you know the most important thing is to have friends around you and this is why we're

so big on community for Collective we go through thick and thin together and we try to do the best that we can you know navigating the this crazy world that's it and then final thing for me um for people who have been in maybe the Last cycle last two cycles have done the round trip you know bought well but didn't close well and we're about to potentially go into another one and they're still here in crypto thankfully but what would you say to them like if you can direct it down the camera here what would

your advice to them be to hopefully make a change you know hopefully make a change and do put themselves in a better position this time first of all just believe in Something believe that there is a chance that it's going to be as crazy as it was previously 2017 was ridiculous the Ridiculousness of 2017 if you look at it on the chart is this now to 21 believe that this from 21 can be this to 26 okay so stuff can get I think since Co like 20 or 30 or even more percent of the whole

circulating supply of the US dollar has been printed it gold has a market cap of $7 trillion Bitcoin has what 1.5 trillion Maybe now there is such a significant potential upside believe in something don't let your PTSD from previous cycle make you know get you in a situation where you're too scared and you take profits way too early be cautious on the way up take your profits be very disciplined but especially now in the beginning stages of the bull market it's so important to position yourself well and hold on to these positions for a little

longer and then As I said once the flashing lights are coming up we're crazy overboard your cousin made his first $10,000 with crypto and he has no idea what's going on that is the moment when you're Barber funnny enough I was at the you know hairdresser and the guy was like you know I just bought this coin where what and I'm like ah [ __ ] you know very nice guy but he has no idea what he's doing and he's like you know I'm vastly successful I'm getting everyone in so The moment where someone cuz

they will make money but the moment other people come in because that guy made money it's usually in a social construct that is for me the sign where we're getting to people where the guy who was not supposed to make money made ridiculous money and his friends are now foro into the success of someone who wasn't supposed to have success in the first place that is my advice I appreciate that and hey I think we could have gone Longer probably but we definitely com back we're getting kicked out I love it thank you so much

for for having me my Absol pleasure was so great so I will be back 100% see you we got set up that fight night but uh links for uh Trad will be in the description below so make sure you check those out other episodes will be on screen but hit like hit sub subscribe and until next time take care