Cryptocurrency and the Collective Unconscious

(upbeat music)

This is synchronicity.

This is synchronicity.

This is synchronicity.

This is synchronicity.

This is synchronicity.

This is synchronicity.

This is synchronicity. (upbeat music)

Welcome to synchronicity. I'm gonna warn you, my computer's being weird. There's some weird skipping in the first few minutes of this intro. That's it. Okay. Welcome to synchronicity, by the way. (laughs) Although I don't have a guest this week, but happy to report that Eli's first day of Deecare. Deecare, not how you say that word, Deecare went phenomenally. Phenomenally, I'm gonna say that many times fast. He had a great time. He is gonna have a great time tomorrow. And that means I am in the process of resorting and reorganizing my life. And that means cats to go to the top of the list of things that I want to get back to.

So I'm really looking forward to that. For me, maybe a couple of weeks until I get things sorted, but I will have some adventures and guests and friends that we know and love and some new people consume. This week, however, doing more currency stuff. And I'm sure at a certain point, you'll understand that this wasn't just like a few month, you know, sabbatical from normal content. It's the same stuff. So this week, I gave a talk in the Discord server for crypto sync, which is kind of like the merging of synchronicity and the cryptocurrency stuff that we're doing. And it was based on, I think the original name of the talk was the cryptocurrency as a reflection of the collective unconscious, which is really easy to say, right?

Just flows right off the tongue. But it was a cool talk. And I was really happy to give it because I am of the opinion that as we are moving our digital monies to and fro, that there are some underlying principles here that can help us while we're doing this. And one of the biggest things that I say to all the people in crypto sync is that if you're exchanging your sanity or peace of mind for money, that's always a shitty trade. That's never a good trade. And that doesn't even have to be in the cryptocurrency world. It could be for anything. If you're just trading your peace of mind and sanity for something that you have the option of doing, that's very important.

Sometimes you're in a situation where, you know, you got to do stuff you don't want to do. Everyone is in that action at one time or the other. But if you're willingly putting yourself in a position where you're trading in your peace of mind or sanity for money, shitty trade every single time. So this talk is kind of weaving together the collective unconscious as understood by Jung and kind of fleshed out a little bit in cryptocurrency. And it's kind of a nice happy, medium point neck weight where these things can meet. I don't want for listeners of this podcast to think that I've just turned into the Wolf of Wall Street.

And all I care about is money now. And fuck all the other stuff that was just for a show. This stuff is inexorably linked. And it's kind of what I'm most passionate about at this point is kind of casting or shedding some light on where these intersections actually take place. So that's what this episode is. Half an hour, I think a dog born this one. And also at the end, I'm leaving it in there answered some questions from people in the server. So one of the things I'm working on in the server because it occurred to me as people are joining and asking questions about joining is there needs to be a different tier level.

And this is in pricing tiers. I mean, different entry levels in terms of people who are beginners, interested, people who are already in it, maybe already on exchanges, some intermediate level, and then some really advanced stuff too. Not that I have all the advanced answers, but some stuff that has worked out some general kind of meta skills and strategies. So I'm trying to flesh out some discussion groups that we're going to have that will virtually meet every single week. I'm polling PeeptoSync to see how that's going and I'm getting some great feedback already in there. So if you have any questions or feedback about anything related to cryptocurrency, I can't offer you free consulting, but your feedback if you email me at Noah@syncpodcast.com is greatly appreciated, even on Twitter.

Wherever you want to find me, if you just tell me what you're interested in learning about or what would help you, and it doesn't even have to be related to making money or investing, could just be what is going on through talking about this all the time. Seriously, get in touch and we'll figure out a way to do that. As you can tell, this is going to remain a passion of mine, probably for the rest of the year. You'll hear in this episode and you've heard before why I'm so interested in it. This is something that I think permeates and can improve pretty much every aspect of our lives. Doesn't have to, doesn't naturally lead to that, I don't think, but really has the ability to.

And the more we understand and utilize blockchain technology and distributed legendology, smart contracts, so many good things that have come out of this space, I think the world is going to turn into something pretty cool right before our eyes. I was saying today, I forget who, but imagine if you knew the internet was coming two years before I knew what the internet was. And I don't mean like, you know, Lycos and Netscape and AOL, I mean, like what it is today. Imagine you knew that was coming, for sure. And you were trying to communicate to people what's going on. What I'm trying to tell you guys, if you're not a true believer, if you're in no corner at this point, is this stuff is already going on.

It's not like we're waiting for it to happen, the ecosystems are emerging, it is getting really, really interesting and it's happening right before our eyes. So quiet right now. I don't think I'm gonna do an intro, definitely not a word. Don't think I'm gonna do an outro on this episode. So because of that, I wanted to thank everyone who is a patron on Patreon. You guys are the best. I think what I'm gonna do for every patron, if you're interested, is invite you for free into crypto sync because you guys have been supporters for a very long time. And if you're in, just hit me up, send me an email, get in touch, however you can, Facebook, Twitter, whatever it is, and I'll make sure you get in that group 'cause I really appreciate you guys.

Extra big thanks to Patrick Nemchik for helping getting an episode out every this week. How does he help get an episode out? He is a producer level credit person on Patreon. So every week he's the cost of hosting, editing, really not editing, I do the editing, but hosting, he definitely covers the cost of hosting. So, good to Patrick, thank you to everyone who listens, really looking forward to getting some cool guests coming on. I know I said that for the past three or four weeks, but it is happening, I promise you that. That's it, I guess, enjoy the episode. I'll see you next week, bye-bye. (upbeat music)

(upbeat music) (upbeat music) Okay, now let's check YouTube, should do it, yeah, there we go. All right, so we're gonna leave it on here for now. Everything look good, yeah, okay, cool. If it looks funky on YouTube, someone, please let me know. That would be amazingly helpful, I'm just gonna assume that it looks okay, and I can put this on dual screens in the future, but I'm just testing this out. The truth is, there's not a ton of stuff I need to show you on the computer by screen sharing this time, but I just wanted to see if it was easy enough to do, and so far it is. So today, the talk is cryptocurrency as a reflection of the collective unconscious.

So depending on if you're here to find out specifically how to trade and make money and make more Bitcoin and all of these other things, this may not be the most interesting talk to you, but to me, this stuff is how we become, how we allow ourselves to be in tune with the market is by understanding some of the other things that maybe are underneath the actual market and emergence and manifestation of what we do in the marketplace. So this is a little, I don't wanna say woo-woo, but it certainly has less to do with the technical and fundamental aspects of what we're doing on a daily or regular basis, so I wanted to point that out in the beginning.

So I thought a cool place to start or I don't know if it's a cool place to start, a good place to start would be with the definition of what the collective unconscious is, where it came from, we're not gonna go into the whole origin of everything, but just a brief kind of synopsis of what I'm saying when I speak of the collective unconscious and recognize this is also one of those terms while it does have a definition, it's kinda like God. Yes, it has a definition, yes, it points to a conceptual reality of something that we can try to wrap our heads around, but it's also something that's relatively difficult to pin down in terms of an absolute meaning and can certainly mean different things to different people.

So that's something to keep in mind. So the collective unconscious is popularized as a term by Carl Jung of one of my favorite psychologists, philosophers, just really very interesting, creative individual who was a prominent psychologist in the 19th century and the 20th century. So basically, the idea is that we all are aware of our own conscious reality and then our own unconscious. So we wake up after being asleep, maybe dreaming and go through the day and we're consciously aware of many things. However, there are tremendous amount of activities that we engage in that we're not consciously aware of.

The autonomous functions of the body, for instance, are heart beating, we can be consciously aware of it, but we are not consciously making our heart beat. So there are things below the threshold of our consciousness that would be our personal unconsciousness. So that is something that is very useful to understand in the context of your own psyche and how it fits in and also to recognize that the vast majority of phenomena and stimuli lie completely outside of our domain of ego consciousness, right? Our personal consciousness. That's basically something, and there's gonna be a delay. I'm gonna point this out now for the people watching on YouTube.

You'll hear this a little later than if you're in the chat. So that is, I don't know. But anyway, collective unconscious is something that would refer to the collective as a species, a blue crawling on here. Well, let's look at Wikipedia. Let's read what they have to say, the collective unconscious. Collective unconscious, a term coined by Carl Jung, refers to the structures on the unconscious mind, which are shared among beings of the same species. According to Jung, the human collective unconscious is populated by instincts and archetypes. Universal symbols, such as the great mother, the wise old man, the shadow, the tower, water, the tree of life, and many more.

Jung considered the collective unconscious to underpendants around the unconscious mind, distinguishing it from the personal unconscious of Freudian psychoanalysis. He argued that the collective unconscious had profound influence on the lives of individuals who lived out its symbols and clothed them in meaning through their experiences. The psychotherapeutic practice of analytical psychology revolves around examining the patient's relationship to the collective unconscious. So we don't have to go much deeper than that. Understand that the idea is, is that there is this realm, conceptual or otherwise, that we share, culture emanates from this realm, and that we process mythologies or internal archetypes or complexes, neuroses, whatever you want.

There's a whole constellation of them, if you want. We process these through, you know, our own lives, through experiences, you can identify with things. Anyway, it's a very, very deep and rich subject that if it's resonating with you, I highly recommend you investigate it. But for our purposes, we're gonna talk about the collective unconscious. So the collective unconscious is something that I like to think about whenever there are major cultural, societal, global trends or shifts. A great example would be when Donald Trump or Brexit happened in the EU or in Britain, and when Donald Trump happened, I didn't even say elected, it just happened to the United States.

These were seismic shifts from the previous working order. And typically when this happens, this means, this is a symptom. This isn't like, we all react after the fact. Something was leading up to the symptom of this shift. And typically we can look at the collective unconscious or attempt to look at it. We can't really uncover it as the truth, right? It wouldn't be unconscious otherwise, it'd just be our conscious. But we can, you know, get some shadows and throw some cast some shadows on it and get some perspective on what's going on to understand why or what led to these symptoms emerging. So I don't wanna go into the whole rig and roll with Donald Trump, but I think it's fair to say that around the world, there are a lot of people who are not dealing with what we're referred to as the shadow side, you know.

Many of us like to walk around thinking that we hold the ethical and moral high ground that our perspectives are relatively enlightened and we know what's best and these poor pleads on the other side only when they realize what's going on will they understand. And that's truthfully, like even if you don't think you're like that, that's just an opinion. If you have an opinion, most people get somewhat attached to some opinion down the line. So that's an important thing to keep in mind. Now how this relates to cryptocurrency is this is, to me, perhaps the biggest shift in consciousness that I've witnessed on a global scale since I've been alive, just go around, right?

I mean, there's, we're talking about completely upending the way that people perceive money, finances, financial anxiety, how they want to spend their time, what they want to do. Many of us in this server and people who are already into cryptocurrency understand either the beginning stages of this or have been lucky enough to experience, you know, enough kind of growth that we don't, you know, our world was substantially changed. Not maybe we're not wealthy, but you know, we think about paying bills and who we want to work with in a different way because we have that ability now. So this is something that percolates whether people in people's consciousness and their unconsciousness rather, whether they're personally going through it or not.

So if you and I and everyone listening, experiences some facet of the cryptocurrency world radically shifting the way we perceive reality, this is like a web, the chief Seattle quote. You touch it at one point and it ripples and is felt on the other side of the web. So what could potentially be leading to what's happening now with Bitcoin and cryptocurrency? Why would this be happening? We've spoken about a lot in the server, but you know, most people are generally very upset and unhappy and feel that the system, the current financial system is not working for them. It's not working for people they know for the most part and seems to be pretty much unfair.

I just got my haircut today for the first time in a long time and I was talking to the person, the lady who cuts my hair and we're saying like, you know, we signed up for health insurance and it's just a racket. Like health insurance is a racket and as you meet more people from around the world who have socialized healthcare or healthcare that they're not just getting ripped off for and oftentimes the healthcare is better than what you can get in this country. It's just insane. You realize it's not the same everywhere and this doesn't mean that, you know, everywhere else is better than the United States.

That's not the point I'm making, but there's many systems around the world that are typically, you know, truthfully independent of nation states that have an impact on our lives to the detriment of our lives, most people would say. And most people also just take it for granted. This is how money works. This is how we earn it. This is what we have to do. This is how we save. This is what our life is. Most people obviously accept that as a reality and I'm not suggesting that you listen to this and quit your job and everything is done. We've entered the new paradigm and, you know, we're good to go.

But what I am saying is something is happening to a significant portion of the population relating to cryptocurrency and how their consciousness shifts, you know, related to finances and money. There's a whole other thing here. So, why is this happening? We have this underlying anxiety of many people knowing that, you know, things aren't fair. They're not working for people. I mean, if we're talking about the modern, it quotes modern, modern civilized and quotes world, the Western world, you know, it's not working for a lot of people here. If we think the United States is such a great country, if we think all these countries are so great, like we have tons of homeless people, we have tons of drug problems.

And I don't, I'm talking about weed and I'm talking about opioid crisis. And we have a lot of fucking problems here in supposedly a very civilized country that could truthfully be easily cleaned up. There's a great quote before he was rammed us by Richard Alpert when he was saying that, you know, the truth is, isn't the studies have been done. There are more than enough resources to feed and clothe and house the entire human species. Period, like we know that. It's not a question of supply and demand. It's a question of logistics and operating from a scarcity model. And if you operate from a place where there's only so much of the pie and it's your responsibility to get as much as possible, even if that means someone next to you is gonna have less, you create a system that eventually isn't gonna be able to survive and it's gonna lead to a lot of inequity for a lot of people.

So we have this mindset of a scarcity model, maybe slowly shifting as we change kind of the economics of the world to an abundance model, which doesn't mean like, hey, I'm just gonna think happy thoughts are now rich. I don't wanna get to the new AG point here where, you know, you just change your mindset, man, and then everything will start flowing in. Now the irony is that is kind of true, but you can't force it. So unless you really rock that concept on a very deep level, you're not gonna be able to force yourself to start winning the lottery whenever you want. I've tried, it doesn't really work.

But you may notice that if you do change your consciousness as much as you can in waking life, if you can do some dream yoga, that's great too, you may be able to recognize opportunities where before it would have just seemed like nothing was happening. And I think this is, again, relevant to the cryptocurrency market too. So the reason I bring up the collective unconscious, oh, and here's what I can do, let's look. Here we go, on, I should be screen sharing, let me double check you, yeah. Screen sharing, we have a little nice little graph of the collective unconscious as theorized by Carl Jung.

And here's a little quote it says underneath it, I haven't read this yet. If I speak of the collective unconscious, I don't assume it as a principle. I only give it a name to the totality of the observable facts, i.e. archetypes. I guess that's the quote. So Jung also, for people who haven't read him, like he can be incredibly obtuse. And I mean, there are, I love a good run-on sentence. This dude'll stick like 30 commas in like 10 thoughts and call it a sentence. It's a very, not the most fun thing to read. Marie-Louis von Franz, a disciple of his, his translator, his main translator, is much, I think, more easy to read.

But anyway, on this graph, what we're seeing here is a very cool kind of color. We're seeing some archetypes at the bottom. We're seeing the self at the very bottom. And we're seeing also the shadow right above that. And then the unconscious, I think someone just joined who is not muted. Who is that? You muted yourself, good. Well, you made it on to the thing. So, if we look a little, going back to the collective unconscious aspect, we see the ego straddles to areas. It straddles the unconscious. Can my mouse do this? Yes, straddles the unconscious and the outer world. And in the outer world, our ego also has this other little circle called the persona.

And then there's the outer world where we're actually engaging with people. We also see the complexes, are also straddling the unconscious, the conscious, our conscious perception, and the outer world. And then on the right side, they made little Pac-Mans, which is the transcendent function. So, oftentimes, not oftentimes, no, the unconscious events really are kind of what make us tick. That really is what our world is based off of. We like to think that we're in charge. We're running this ship, or that's our ego. Not like evil, bad ego telling us what it was. But we're gonna be like, "Yeah, tomorrow I'm gonna do this.

"This, I'm gonna do this. "You know what? "I'm gonna trade this cryptocurrency for this one." And I'm not suggesting we don't have free will, and we're not in charge of those decisions. What I'm saying is, is these grand, thematic things. So, like, if we looked at Bitcoin over the course of five years, relative to what happened yesterday, what happened yesterday is totally valid. But the decisions that Bitcoin is making yesterday maybe fits in a larger time frame than what we would like to believe. And that's kind of a decent analogy for how we perceive the world with our consciousness and our ego relative to the things that are actually kind of driving.

And again, the reason this is important is if we can notice these things in our own lives, we can make the natural assumption without getting carried away that these things are also functioning on a broader scale, you know, with the collective unconscious. So, cryptocurrency, there's no specific edge that I'm gonna give you from this talk, but I think if you can notice what's going on with different communities, different themes, you know, different functions of coins, for instance, you could say that, you know, the interoperability coins are thematically related to something going on in the collective unconscious, connecting things, functionality, you know, connecting nodes to help a network.

These are things that, you know, would be aligned, picked up some A on today, which is a good, also Carl Jung wrote about A on, "I'm going for some synchronicity here. I'm trying to juice pump my A on bags." That's all this is. Also privacy coins, another very big thing in the collective unconscious, how many references to 1984 and Orwellian thinking, have we seen recently a lot? So, we can see things like Monero and Zcash, you know, these coins are typically projected to be pretty big in 2018 and beyond, and not just because of the collective unconscious, but maybe some of the reasons these things have gained prominence and people thought to invent them is because people recognize that privacy is an important issue, not just on an underlying collective unconscious level, but in our waking life.

But these things connect. They're not totally unrelated. So, there are connections that you can find. You don't have to make trades based on this stuff. I don't think I make a ton of trades based on these things. One of the archetypes, I'm looking here at the bottom right on this nice graph, we have is the Trekstar archetype. Be very aware of that. I would say there is a healthy amount of that taking place in the cryptocurrency world. So, and the shadow stuff too. This very quickly comes out when we're dealing with money for a lot of people very quickly. And it's an opportunity. You shouldn't be bad if you have some fucked up relationships of money or you've done some fucked up shit related to money in the past.

This is an opportunity to deal with it. It doesn't mean that's who you are. And that's how you're gonna relate to it in the future. So, with that, I think we'll wrap up the collective unconsciousness part of unconscious part of this. And if anyone has any questions in the server, you can ask them now in the voice chat text. Doesn't have to be related to this. I know this is kind of more of a mystical, this is the MA, mystical analysis, which maybe is not the most useful if you're trying to day trade or week trade, but still nonetheless, I think has some relationship to what's going on. But if you have any other questions related specifically to the market, why the IODA total blacklist?

Yeah, I added to my blacklist, joining Ripple and Bee Cash. I think Tron is on the brown list, but I mean, who's buying Tron, really? But the blacklist IODA was added. And I had some IODA pretty early on when I was still measuring in dollars. I think I was getting it like way later than I should, like 45 cents and wrote it up to like three or four dollars. These were very small investments in the beginning. So it didn't hit like the jackpot. This was late November, December. And it was great. I mean, it did a bunch, it did a bunch. That's the term we're going to be using now. But it went up enough and I liked it.

And it seemed like a potential alternative to blockchain technology, this tangle, who knows. And then weird shit started to happen. And I sold it for a profit and it was like, all right, I'm out. Didn't have anything against it, but they had the security vulnerability that was exposed. And then when they pointed it out, they said, oh yeah, that was exposed because if someone copied it, they'd have a vulnerability and like, that's stupid. And it doesn't make sense. But people were like, okay, didn't really think anything of it. I had new some people who were still in it. And I was like, that's your prerogative if that's what I do.

But I kind of put it in the ripple category. Like, I don't know, people can make money off it, but I don't really want to fuck with it. And then recently it's been coming out that the devs have just been total nightmare people. Not even just with their reactions and what they're doing on Twitter and how they're speaking to people, but litigious and just general fuckery and nonsense. And my opinion in this space is now, there's so many good projects. There's so many quality people. And know this, not all the good projects and all the good people are going to succeed. That's a fact. Like, they're just not.

I went to a music college. Do you want me fucking talented people I know who are incredibly musicians and could be incredibly famous? It's not how it works. Not A plus B doesn't always equal C in this space. But there are so many promising things that will do well. Why fuck around with something where the devs are nightmares with the product? I mean, and also read some of the articles about people trying to use the wallets. Really smart people who are well-versed in blockchain technology, well-versed as devs and programmers and engineers and just absolute nightmare situations for people. And if it's not easy for people like that, it's sure as hell isn't going to be easy for people like us or people who even know less.

So that's an important thing. What was the other question here? So yeah, that's why I noticed on the black list. I don't fuck with it. It's going to be fine. Like anything on the black list, I just want you to, like it's not going to zero. I mean, maybe eventually, but you're not, you can still do fine with all this stuff. But to me, as you know, it's about being confident after you put your money somewhere or your funds somewhere. Like you don't want to feel like, oh my God, I put in this shit. Now the shit's going down because you're probably going to want to sell it. So that's why it's on the black list.

Look into it more to, and also I'll point out the list I have on Twitter. I've been editing that and this isn't aside, but I've been de-emphasizing technical analysis. I'm not to the point where I don't use it. I still think it has its place. But I honestly, I think there's a level of this. Like your TA wasn't going to tell you that them was going to dump after the news where they partnered with BMW. TA doesn't tell you, TA said it was about to start another leg up. The reason that happened is this is not based on technical analysis right now. It's still such a green emerging market. I'm not saying this stuff can't work.

I use it. I follow people who I trust in technical analysis, but don't think that like it's a blueprint. It's not like, it's not an equation that always equals up. Okay, another question. Tell me about Raven, Mr. Poe. Never more, never more. Raven coin, this is my new crush. So here's the thread of how most people are going to find out about Raven coin. The CEO of Overstock said that he's putting in a significant sum to Raven coin. It is a peer-to-peer currency that uses a new algorithm that is ASIC resistant. I'm not going to get into the whole technicalities, what async resistant miners are and how this fits into the ecosystem of cryptocurrencies, but it's something that you can only buy over the counter right now.

Basically, you can only do peer-to-peer exchanges. It's not on any exchanges. You can go to their Discord and buy it from people and they have an escrow service that people will facilitate. I picked up a bunch. If you are mining, it looks to be a relatively profitable mining operation. I had someone in another server do the math and said that they could make about $14, $15 a day mining this after the electricity costs, which is pretty damn good. And also, if the value continues to go up, that would be more profitable. So miners, this is definitely something to look into. So that's Raven, download the wallet and encrypt it and get it however you want.

Opinions about zero X potential and zero X related projects such as bounty and D&T. Yeah, listen, zero X is getting about as much what I would call substantial hype from people I respect as a decentralized exchange protocol. Yeah, I think it's good. I mean, I know Noel in here is a big fan. He was the one who hyped it up, I think, before anyone who I really knew. And yeah, it looks good. I don't know enough about it, to be honest, but I know a lot of people I respect really seem to like it. I don't have any funds in it. I would like to. I mean, listen, how many of you want to be in coins that you just, you know, we don't have unlimited money.

I've never thought of like, I want money to invest in other things. That's like a new thing. Like, I don't need, I don't want to spend that shit. Let me invest it in this thing, it's super promising. So yeah, zero X looks really good. It definitely seems to pass the quality project test. I haven't done any fundamental analysis on it, though, truthfully. So yeah, any other questions going on related to the market? What is Bitcoin even at? Is it still around like 10, 5, 10, 6? Still flocking around over there? Let's see. 10, 7. Go ahead, Bitcoin. Yeah, man, like, I think it's going to go down, just to be clear, I don't think this is like a never, never-ending upspill, but still, it's pretty cool, right?

Goldman Sachs, pump it up. So hard to want to be more than two coins with only, yeah, I feel you, man. Like, it's, you'll get used to it. And the thing is, it's like, this is the cool thing about cryptocurrency. And if you can sense the levity in my voice, it's because you listen, take care. So I have some time to like actually research this stuff. There are so many ways to get an edge in this space. It doesn't have to be from trading. It doesn't have to be from mining. It doesn't have to be from staking. There are so many different ways to do it. And it's really whatever is most comfortable for you.

So I think that's an important thing to remember that. Like, it is, you don't have to like, be a day trader or a week trader to make your income. Quite honestly, like, you know, I'm questioning whether that's even the best approach for me. I don't think I'm making substantially more from being actively involved. I'll let you know in a week or two when I really actually have the time to do this effectively. But, you know, I'm looking into potentially mining, you know, some staking, some other ways of doing this. And the beauty of this is too, we have enough people to tune into this. Just I'm talking about crypto sync and synchronicity that we could get some collective things going cool.

Like, we know steak united does a pool, but we could do cool things like that too, especially if they're smart contract enabled. So there's stuff on the horizon. But yeah, I mean, yeah, I wanna be in like 25 coins. Well, here's another question. We'll make this the last. Would you ever cash out on a coin that you've taken a big loss on, but a project you still believe in if it's only making up one to two percent, one to two percent of your portfolio? Dude, I've taken so many losses, big losses on one to two percent portfolio plays. I think I'm debating, I'm not gonna do it. I've learned better that when I really wanna sell and I've just absolutely had it.

And right now, that coin for me would be bite balls. G-bite. Here's my, here's my little, this is how you know you can trust me. I'm about to tell you about a big loss that I'm still in. So I don't want you to think I'm just winning all the time. All I do is win, win, win, DJ Khaled. That's not what's going on. So I bought bite balls because there was gonna be an airdrop of more bite balls when the full moon happened. And the full moon, there's a full moon airdrop. They had been doing them, they canceled it. So I was literally like two days late seeing that, it dropped like 10, 15%. I was like, yeah, fuck it, that's not so bad.

Then it dropped like 30%, like 40%. And I'm just holding on to this shit. I like bite balls, it's a low supply coin. The next talk we're gonna do this week is gonna be about low supply coins. It's also I played around with their app and their system. It's pretty cool. I don't know if it's gonna survive who the hell knows, but I'm hanging on to it for the time being. So yeah, I would definitely consider taking losses. I'm not doing it on this one for a few reasons because the fundamentals tell me I shouldn't and it looks like it's hitting the bottom, bouncing off like 3940, or 390, 400,000 satoches.

But yeah, like here's the thing, like let's talk a little bit about that, right? VeChain, even though it's still then on Binance. I'm not looking at it right this second, but it's like it's worn a lot of people in the sermon, and worn, I said it's probably gonna dump right before and after the rebrand event, no matter how cool and what they reveal. They reveal BMW and sure enough, it's plunged from like 60,000 to high 40,000. It could go lower. I'm slowly as I begin to either realize or make the error and judgment that I think Venn could go even lower, I'm gonna move some of it. I'll buy it back later if it goes not.

I have most of my Venn in cold storage. I'm not gonna be trading that, so I'm not gonna end up with less than I absolutely view as my bare minimum of having. So yeah, losses, there's a talk I gave here about taking losses that I really like, I sometimes go back and re-listen to it because it's important to people always talk about winning and taking profits and making sure you lock it in or your stop losses and all this, but I mean, sometimes like getting comfortable with taking losses, knowing the function that they're putting in is really like, that can be a key thing to help you out when you're doing this stuff.

Okay, let's wrap it up there. So now I gotta figure out how to stop streaming this very quickly, I won't do this. (upbeat music) (upbeat music)