CRYPTO IS THE BIGGEST SCAM… HERE’S WHY

 

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Hey E.T Fam! Happy Friday to you all! I know you all haven’t been used to seeing this much content from me in a while. Needless to say, I feel like now is one of the most important times to show up for the community. I have some good and bad news for you all. Let’s start with the good news. The good news is that it’s the end of the week.

This means that it’s time for you all to relax your minds and take a load off. It’s also a holiday weekend. Which means that you all will have an extra day of relaxation. Enjoy it. Now for the bad news.

The bad news is that right now there’s something occurring in the crypto market that will result in a lot of people experiencing more pain due to their outlook. The topic of today is capitulation. A brief scroll through Crypto Twitter and the YouTube comment section shows that a lot of people are starting to give up hope and leave crypto. This is a trick of the bear market that works so well. The biggest mistake you all can make is falling victim to bear market euphoria and missing out on a major recovery.

The fact is that nothing has changed in the long term. So, don’t be fooled into throwing in the towel. Tune in today as I talk about the consequences of capitulation. This is a much needed heart to heart. Talk to you all soon!

00:00 – I'm sick of crypto
01:41 – Nothing has changed
03:43 – Max pain
05:54 – Consumer sentiment at historic lows
07:35 – ETH negative merge news
08:16 – Plunging towards 20K territory
09:03 – These trends are not stopping

#nft #ethereum #defi #blockchain #crypto #cryptocurrency #bitcoin #btc #eth #news #protocols #sidechain #altcoin #nftmarketplace #opensea #cryptoart #protocol #altcoins #nonfungibletoken #dao #sidechain #layer2 #erc20 #erc-20 #token #coin

DISCLAIMER: This is not financial advice! This is an entertainment and opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing. DYOR

CRYPTO IS THE BIGGEST SCAM… HERE'S WHY

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34 comments

  1. I looked away in 2018/19 and regretted it. Not letting that happen this time. Thank you for your videos

  2. During this capitulation, institutions are stacking trillions waiting for the double bottom. You can bet on that.
    They get richer while the retail people lose it all.

  3. This emotions we are feeling in the markets are just a reflection of how EARLY we are in crypto today

  4. I’m down $150k from ATH.. I’ve been in since 3/2020… I have a 9 to 5.. Have climbed up to $38 per hour, which I invest into crypto when things are RED. Lesson learned, DCA out on the way up.

  5. Love to see that your putting in soo much effort diluting the turmoil. This is the content we need. Salute bro!

  6. Been following your content for 2 1/2 years now. Huge respect. Fact you push even more content in the bear than the bull sets you apart from the rest.

  7. I think people definitely needs to hear this. Thanks for all your reassurance and advice. You are a kind soul for sharing the information you do. Keep it coming. 😊👍🙏👌

  8. @EllioTrades Crypto coz he made a ton of money from dumping on views… but men Cause and effect

  9. Very important and valuable video. I hope it reaches the fearful retail because you are spot on. Hang in there folks and buy the capitulation. Thank you.

  10. ​@Angus Schuurman like no invested in to crypto I saw bitcoin at $1k and I regretted not buying

  11. We are crypto siblings.

    Bought Dec 8, 2017. Almost at Top. Got wrecked. But didn’t sell. Not having an accumulation plan in 2018 and even 2019 haunts me.

    Found Bob Loukas late 2019/early 2020. He changed my life. But the change would have been generational wealth if I had just kept accumulating in 2018.

    Never again.

  12. @__Grist for the Lel__ we’ve learned and looks like we just might get another great accumulation opportunity. This is what we’ve been waiting for

  13. Thank you so so much… those of us that are learning really need these types of videos- videos that move away from terror titles and hysteria. It’s very frustrating. That’s part of why so many “weak” hands sell. We definitely need more videos like this as well as some videos on what stronger cryptos to keep holding and keep buying during the bear market outside of Ethereum and Bitcoin… thank you for being an anchor

  14. You’re the master here! Thanks Elliot for your calming advice as usual in a bear 🐻 market. I’m your followers since the beginning on Fud TV.

  15. He has been a big part of this pump and dump. Don’t be naiv, he is a YouTuber selling affiliate links and ads. He lured people in as much as next crypto YouTuber.

  16. Glad to see you back on here, I know you been busy with Imposters thou. I think these are still treacherous waters were not everything will survive but if you dyor and do the hard work you can mix in the 50-100x plays with the blue chips btc & eth. Much higher reward then risk at these levels and opportunities will be there if you do the digging and research and find the projects/protocols that are building something with real world use case. I’m looking at these times as opportunities to me but I know a lot of ppl got rekt bad from some things recently. Any updates on SuperFarm my dude?? How you feel about the big M2E push recently? Have a great weekend

  17. @EllioTrades Crypto do another God tier coin list again. You made some great calls. I want to accumulate some of your calls in this bear market.

  18. Jumped into Crypto last Year February and had a painful first year with highs and lows. I’ve been waiting for these low prices and didn’t think we’d get a second chance to buy into them ever again. A lot of people will miss out and frankly I kind of don’t mind because if you’re leaving Crypto now then you never really understood it in the first place.
    SMART money buys low.
    Suckers buy the top.
    Which one do you want to be?

  19. I honestly hope to see a $20-25k Bitcoin sideways trade for a couple months then a gradual climb to new all time highs.

  20. Don’t know what I’d do without a fearless leader like you. Thanks for being a level-headed voice of reason amidst tough times, to help keep my head in the game. Appreciate you! Please stick around 🤘

  21. I think we’re all experiencing the same situation. I’m down around 50% since November. I still believe in the overall long term bullish direction that crypto will take as mass adoption happens. I will be topping up my crypto bags and refocus on small improvements in my life in the meantime. I wish everyone on the journey good fortune and the patience to succeed. 🙏

  22. you mean the advice to jump into super awful nft`s and bad performing gaming coins which are down 99-100 %. yeah, great advice i think. buying a kong at 120 eth for example. watch his videos from ath in bitcoin, he pushed to buy into gaming, look where gaming is today my friend. he actually did the same thing he is now criticizing. start critical thinking. he never said anything about risk of, he incentivised people to go heavy into gaming instead of saying, derisk !

  23. I feel that king! I’m down around $200k too. Thank god for a 9-5 or else I probably would have panic sold by now

  24. Thanks Ellio, I needed this today! I finally jumped into crypto last year Feb, and in truth didn’t really know what I was doing. I’ve learned so much from you, and the content you generously share, especially about when to take profits, and controlling my emotions. I’m still not fully there yet, but I feel I’m learning all the time, and “there’s no mistakes, only lessons”!
    You clearly care deeply about crypto and the opportunities it will bring for so many of us to switch up the narrative in favour of those that want to improve their lives and society as a whole. 🙏🏾

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