The Crypto Collapse No One Wants to Talk About
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Can’t help myself, but I keep thinking, keep thinking about Quint and Jaws telling Hoopa, know, singing the song, farewell and adieu. You know, Hoopa wants to put the cage in the water, shock in the water, cage in the water, know, farewell and adieu. am.
I warned everybody, warned everybody about what was going to happen here. And again, I’m getting a lot of messages, a lot of emails from people, you wanted to go on and do this program here? You were right again. And I’m like,
I don’t think you fully realize. Yeah, I was right again. I knew it was gonna happen. But again, you think it gives me any pleasure to watch people committing suicide? Because that’s what’s happening. lot of these stories are being covered up, quite frankly. The amount of people that are, I’m finding out, committing suicide because they lost their portfolio in what they thought was wealth and
these bullshit crypto coins. Billions, billions, they keep telling people. this is, again, I want everybody to pay close attention here, okay? And some of this is, it’s gonna be upsetting, okay? But you need to hear some things. You’re involved with this. Because again, I get ridiculed all the time by the crypto bros and the young people that I’m just an old fuddy duddy and I don’t know what the hell I’m talking about.
Um, right. Sure. Um, I’ve seen this movie before because I was criticized and ridiculed back in the 1990s. But we were warning everybody about, you know, ridiculous dot com companies. But at least there was more there than there was here. Anyway, um, a couple things. I brought a couple things up here. There’s some passage from the Bible, Ecclesiastes.
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What has been will be again and what has been done will be done again. There is nothing new under the sun. Yeah. Same thing.
Same thing, people go into E-Trade and Ameritrade and all those firms back in the 1990s. E-Trade Center, open in Midtown Manhattan. I used to call it a casino, just to walk by it. So it’s basically a casino in Midtown Manhattan. That’s exactly what it is. What do you think these crypto exchanges are? You think you’re investing?
more on that in a minute. Sorry, I gotta bring another one up. Proverbs 13, 11. Dishonest money dwindles away, but whoever gathers money little by little makes it grow. Proverbs 21, 5. The plans of the diligent lead to profit as surely as haste leads to poverty. I know, oh boy, Markowski, for old fuddy duddy. Week in, week out in our program.
Again, it’s our motto, everything in life that has meaning, value and worth involves work, time and effort. That’s how we do things.
That’s how we avoid situations like this, looking for shortcuts. Some of the estimates that I’m getting right now, you’re talking millions of traders that saw there. And again, they’re calling them portfolios. They’re not portfolios to me. They never were portfolios to me. Portfolio to me is like actual assets. What they were essentially doing was gambling.
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Billions of dollars were wiped out. Were they? Were there billions of dollars actually there? I’m messages from all over the place. My account was worth four million, this is worth five million. I said no it wasn’t.
It wasn’t worth four million. It was all a fake. It was all a fugazi. It wasn’t real. Do you understand? These things have no liquidity. Everyone is levering themselves up. What did Charlie Munger from Berkshire Hathaway? Smart. What do you say about smart people? Ways of going poor?
He said, what was it? Ladies, liquor and leverage.
Levering yourselves up in something that is completely illiquid, not real. Monopoly money has more value than what you are doing. What this has done, and again, this is, you look at all Binance and Coinbase and all these firms out there. They’re casinos. They’re casinos that are dressed up.
as some sort of like some sort of financial company.
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You’re making yourself, and again, this is maybe a bit of a come to Jesus moment for many people out there. You think you’re in finance because you’ve got a desk with maybe six screens on it and you’re trading these things? You’re gambling, do you understand? You’re not building anything. You’re not creating anything.
You are participating in a game of demonic musical chairs. Where you’ve got people going online, going online, they’ve got their podcasts, they’ve got their YouTube, pumping up their ridiculous coins.
and you are taking money and you’re putting it into these things, levering it up, you’re looking at your account and you think that you are rich, there’s nothing, you’re not involved in finance, you’re a degenerate gambler.
I know this is a might be a jagged pill, might be difficult, but you are a degenerate gambler.
And I’m be honest, okay? I want you to take a good hard look in the mirror. A real good hard look at the mirror. What you do is bullshit and you know it.
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Deep down inside what you do, what you do and you’re all here are my sites here we got you and you’re these bullshit coins that are nothing made up out of thin air. You’re trading air. What you do is bullshit. You are kidding yourself.
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You’re kidding yourself. You didn’t have what you thought you had. Here’s a bit of a lesson in finance for you. Okay? Here’s a bit of a lesson in finance for you. Okay? You didn’t have, well, my crypto portfolio was worth five million and went to zero.
Okay, it was worth five million. How do you figure? Because your little computer program said it was?
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If it had any value at all, how does it go from five million to zero? Explain that to me.
is worthless.
I’ve tried to explain this to people. Everything has an intrinsic value. Everything has an intrinsic value, okay? Real things have an intrinsic value. You have not even real, okay? It means nothing, you’re air, okay? What you have is manipulated bullshit.
and it just went to its intrinsic value.
Yeah, yeah, but you know Trump put out that tweet and crashed the entire thing.
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It wasn’t a matter of if. It was a matter of when it was going to happen. Yeah, but the feds print money and you know, this is alternative. Are you kidding me?
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Are you kidding me? I don’t even know. These are some of the I mean, these are they call these blue chip crypto coins. Adam went from $4 to one penny. SUI, I even know what that stands for, went from $3.40 to $0.56. APT went from $5 to $0.75. SEI went from $0.28 to $0.07. LINK went from $22 to $8. ADA went from
What? 8 cents to 3 cents. Top 100 blue chips nuked 80 % in a few minutes. Blue chips?
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It’s all bullshit.
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You’re wasting your life. You understand what you’re doing? You’re wasting your life. What do we talk about? Go out there. Build, create, protect, and teach.
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Take your stupid computer screens, take your entire system, throw it in the garbage and go out and get a job. Go build actual wealth. Because deep down inside, what you do, what you do is bullshit.
Yeah, it was funny. It was funny today. I got to kick out of this today. was at after what happened. saw JP Morgan makes an announcement that they’re going to allow crypto trading on all their platforms. They’re like, shit, we missed out. We missed out on this one.
There’s no liquidity in any of the things that you’re doing. What do you think’s gonna happen? Market makers say they’re gonna walk the hell away. The thing is gonna go to zero. Again, this could be the best thing that ever happened to you in your life. Realizing at a young age, all you kids out there doing this nonsense, that what you do is BS and figure something out. But it was worth X amount of dollars. No, it wasn’t.
This is the same argument, this is the same thing that I try to explain to people when they talk about the richest people in the world. well, this one’s the richest and Bezos is the richest and Musk is, and yes, Elon Musk is worth a half a trillion dollars. Okay.
his Tesla stock based upon the price of where Tesla is trading is worth X. Okay. He cannot take, he cannot take his half a trillion dollars and turn it in. Okay. Just put a sell order in and expect some sort of market maker to fill that order. And he’s going to get a half a trillion dollars. You have to find a buyer for a half a trillion dollars worth of Tesla stock.
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Meaning what? He starts selling it, what’s gonna happen? It’s gonna drop the price of the stock. Selling gets more selling. More selling is gonna come in. It’s going to drop like a rock. Word is gonna get out.
There’s a difference, okay?
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Something is worth what somebody else is willing to pay for it and all of you guys with your leverage borrowing money Again, it’s a whole I don’t be honest with you. Okay, I’m not I don’t know much about that whole little crypto world except that it’s bullshit So I don’t waste a lot of time on it. I I’m gonna be honest. I had no idea
the amount of leverage that was packed in to think, I don’t pay attention to it. It’s a waste of my fricking time because I knew it was gonna blow up. What the hell am I gonna do? Again, I’m gonna do more, I’ve done them before in the past. Young people don’t like to listen because they know everything for crying out loud.
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And what did you think was gonna, I saw one today, Coinbase, I’m not making this up. Coinbase came out, everybody’s wiped out. They are now going to let people to go 50 times. They were at 20 times, now they’re gonna let them go 50 times on leverage?
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And again, to be honest, I feel bad. Okay, you don’t think I feel compassion for all of you people that got absolutely destroyed? I do.
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Just stop trying to get rich quick. This world we live in, and again, I get it. You’re young, you’re dumb. You see stuff on social media. see, look at the restaurants are hanging out at South Beach and look at this guy’s Ferrari. Look at this guy’s thing. Look at this guy’s car. I’m telling you right now, and I cracked a joke.
I said, now’s a really good time to start looking for a used Italian sports car. Because all the crypto bros out there that got wiped out, they’re gonna have to sell them. There’s gonna be a lot of very, very expensive cars on the market very soon because people got wiped out.
You didn’t have anything. You haven’t built anything.
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I don’t, again, I keep getting, I keep seeing the stories and again, the mainstream media’s not covering this. You know, they’re the people that are killing themselves.
killing themselves. You’re spending years of their life trading air, sitting in front of a computer, trading air. What do you actually do? What are you contributing at all? Are you doing anything at all?
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Nothing.
Here’s an opportunity, this is what I’m telling you. again, I know this is a jagged pill to swallow. Okay, here’s an opportunity, change directions.
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Go out there, I guess I build, create, then protect, then teach. You know what I find on this freaking nonsense? Trading made up money out of thin air and then boasting about it and posting videos and all of this crap. That’s not how you build wealth people. That’s not what we teach here. By any stretch of the imagination. It’s just not. And again, I know, I know I’m an old fuddy duddy.
But I’ve always been when it comes to this. There’s just one way of doing things. And until you get that through your thick head, you know what? You’re gonna, like I said, nothing new under the sun. I didn’t say it. Ecclesiastes. It’s accurate.
It’s accurate. know, lot of this news came out this weekend. Again, it’s getting turned away. These, this entire bullshit industry, this entire bullshit crypto crap industry, Coinbase, Binance, all this crap. Again, they’re gonna try to lure you back in. Oh, this is a big thing. Oh no, you’re gonna get back in there. Why don’t you go out and borrow money from mom and dad.
and get started, we’re gonna give you 50 times leverage, you can make your money back, let’s go! You’re a degenerate gambler.
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Don’t.
Walk away.
Walk away from this nonsense. This is not how things are done.
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and watchdog on wallstreet.com. Again, I…
Have anything left? You want to start seeing the right way to building wealth? I know, not sexy, the Markowski Investments way, but it works. Works, sign up for our personal CFO program. Hell, we have our account repair kits that we’ve had since the 1990s.
But don’t do the same thing over and over again and expect a different result. Okay? That is the definition of stupidity, insanity. Watchdogonwallstreet.com.
