Speaker 1: Hey, everybody, Welcome into the Thinking Crypto podcast. You're home
Speaker 1: for cryptocurrency news and interviews. I'm your host, Tony Edward
Speaker 1: on your weight in. Please sit that subscribe button as
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Speaker 1: it is bloody out there. Bitcoin back below one hundred
Speaker 1: and fourteen thousand dollars. We got a lot of whales
Speaker 1: manipulating the market, and over the past month or so,
Speaker 1: we've seen both longs and shorts getting liquidated. So usually
Speaker 1: you don't see that much bunge together, but clearly whales
Speaker 1: are trying to squeeze as much liquidity out of this market.
Speaker 1: It could be there trying to reset the sentiment to
Speaker 1: a fear zone, if you want to call it that,
Speaker 1: before we see our next rally. But it is what
Speaker 1: it is. Well, let me give you some details here,
Speaker 1: So Bitcoin feeling the brunt of it here, Jason Pizzino, analyst,
Speaker 1: said Bitcoin verse all of Friday's gains from the fed's
Speaker 1: dubbish interest rates speech. Consolidation continues as expected for August
Speaker 1: and September. But Ethereum for the most part is still
Speaker 1: holding up very well. It's currently over forty seven hundred
Speaker 1: dollars total. Three still you know, consolidating as well. Nothing
Speaker 1: new here, but it's going to follow Etheroreum for the
Speaker 1: most part. But you know, Bitcoin's taking the front of it.
Speaker 1: So what caused this crash, Well, some folks saw from
Speaker 1: on chain data that a single whale caused a three
Speaker 1: hundred and ten million dollar bitcoin flash crash by dumping
Speaker 1: over twenty four thousand bitcoin. That's pretty crazy if you
Speaker 1: think about it. The entity still holds one hundred and
Speaker 1: fifty two thousand, eight hundred and seventy four bitcoin across
Speaker 1: linked wallets. The funds traced back to HTx deposits from
Speaker 1: six years ago. So some whale manipulating the market here.
Speaker 1: And even on Binance, we're seeing Binance itself is dumping
Speaker 1: a lot of ethan bitcoin to liquidate longs, and one
Speaker 1: user says this is peer manipulation. Now I don't know
Speaker 1: if this is one hundred percent manipulation, but with the
Speaker 1: whale dumping on the market, and in addition, maybe the
Speaker 1: sentiment not there, you're seeing everybody kind of liquidating a bit.
Speaker 1: You know, I'm not as sophisticated where I know a
Speaker 1: lot about what happens on the back ends with exchanges.
Speaker 1: But I'm just using some of the information I've seen
Speaker 1: out there and I a little bit that I know. So, folks,
Speaker 1: the TLD are here, just be patient. And this is
Speaker 1: why we don't use leverage because the house always wins.
Speaker 1: The exchanges are in on the game, and you are
Speaker 1: going to get wrecked more often than not. You know,
Speaker 1: Charlie Munger has said, you know the three ways a
Speaker 1: man can go broke is leverage, women, and booze. Right,
Speaker 1: So the leverage is one of those things. You got
Speaker 1: to be careful, folks, And if you're not using leverage,
Speaker 1: you're fine, right. The only thing you got to stomach
Speaker 1: the volatility. But this is part for the course. This
Speaker 1: is how you earn your stripes and how you make money.
Speaker 1: And I've been here since twenty sixteen, so I've seen
Speaker 1: it all. So this is not surprising to me, but
Speaker 1: it happened from time to time. But eventually they're going
Speaker 1: to wrap up their short term manipulation and pump this
Speaker 1: thing higher and we're going to see retail flood in.
Speaker 1: So it's all part for the course, guy, So just
Speaker 1: be patient and don't panic. This is where you don't
Speaker 1: look at your portfolio. That's a little trick I learned
Speaker 1: over the years. Do not look at your portfolio and
Speaker 1: walk away. Go touch grass, go touch to say. I
Speaker 1: don't look at the charts all day, right, folks. Now
Speaker 1: here's an example that we are still in a bull market.
Speaker 1: Many of you may know that Kanye West launched a
Speaker 1: token on hyper liquid called wyz why so. I mean, guys,
Speaker 1: you know how I feel about meme coins, but this
Speaker 1: is degenerate times degenerate, right, Well, of course you have
Speaker 1: people who invest in it, and it started dumping and
Speaker 1: it wiped out a ton of people, even Andrew Tate.
Speaker 1: And I'm no fan of Andrew Tate. He lost seven
Speaker 1: hundred thousand dollars trying to short Kanye West's wysey why token.
Speaker 1: So a fool in his money, all right, folks. So
Speaker 1: this is what happens when you use leverage. Folks. You
Speaker 1: want to stay away from leverage, and it's important to
Speaker 1: just buy spot, you know, buy the blood on the streets,
Speaker 1: buy the corrections by the markets. I've been on the
Speaker 1: record saying that for years and you will be fine. Right,
Speaker 1: just buy and hold for the euphoric blowof top phase
Speaker 1: where you take profits. And it's a patience game, right.
Speaker 1: The leverage guys may say, oh, but I get the
Speaker 1: money faster, but they are handling one hundred times more
Speaker 1: of the risk right by using leverage. So guys, just
Speaker 1: be careful. And guys, you know, I'm a big believer
Speaker 1: in moving your crypto off the exchanges and using self custody.
Speaker 1: I've been using hardware wallets for years. It's the safest
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Speaker 1: moving ahead, Japan I is a twenty percent flat tax
Speaker 1: for crypto trades packed to ETF offering with tax code revision,
Speaker 1: there's a lot happening in Japan. Just this week we
Speaker 1: heard they were launching their stable coin on Ethereum, Polygon
Speaker 1: and Avalanche. Ripple and SBI said they were expanding our
Speaker 1: LUSD in Japan and much more so. The Japan's Financial
Speaker 1: Services Agency plans to request a review of how the
Speaker 1: country's tax code treats crypto, aiming to tax gained similarly
Speaker 1: to stocks and eyeing future crypto ETF offerings. According to
Speaker 1: a report from local outlet Nike, The agency is also
Speaker 1: expected to approve the country's first domestically regulated yen peg
Speaker 1: stable coin in the fall, as Japan looks to spur
Speaker 1: crypto adoption. So, folks, we've often talked about crypto is
Speaker 1: a global acid class, and look at what we're seeing
Speaker 1: globally mass adoption. The governments are on board. They're not
Speaker 1: banning this, they're not outlawing it, they're regulating it. They're
Speaker 1: saying you can participate, both retail and institutions. They're building
Speaker 1: and approving these financial products like ETFs and much more,
Speaker 1: creating more on ramps. And you know they're going to
Speaker 1: tax it, right, the tax man. You got to pay
Speaker 1: the taxman. There's no way to avoid it, right. So
Speaker 1: this is great to see, very bullish, and we're going
Speaker 1: to see more and more countries do this. Guys, game
Speaker 1: theory will play out. If you don't know what game
Speaker 1: theory is, you can go read it up. It's a
Speaker 1: theory where it outlines whether it's countries, companies, or people,
Speaker 1: we all want to compete and be the best, and
Speaker 1: we don't want to be left behind. So sometimes it
Speaker 1: takes one mover to make a move in a certain
Speaker 1: region or area, and then others follow suit. Right, So
Speaker 1: this is why it's important to understand these concepts as
Speaker 1: they play out in different aspects in crypto. So very
Speaker 1: bullish news. Now I mentioned crypto's global here's another example. KPMG,
Speaker 1: that's a big name, one of the top four audit companies,
Speaker 1: says investor interest in digital assets will drive strong second
Speaker 1: half for Canadian FinTechs. So, Canadian fintech companies raise one
Speaker 1: point six two billion dollars in the first half of
Speaker 1: twenty twenty five with significant investments in digital assets and
Speaker 1: AI startups. Despite a global slowdown, Canadian investors continue to
Speaker 1: support fintech ventures, particularly those focus on blockchain and AI
Speaker 1: driven financial tools. The report indicates a strong second half
Speaker 1: of twenty twenty five for fintech investments, driven by US
Speaker 1: regulatory support and the adoption of AI solutions. So we're
Speaker 1: seeing capital being raised and invested into crypto companies in
Speaker 1: addition to other texts you know, like AI and much more.
Speaker 1: But crypto is part of the basket, right. So we've
Speaker 1: often talked about we are in the fourth Industrial Revolution
Speaker 1: where you are seeing the rise and convergence of many
Speaker 1: different technologies and they all support each other, right, So blockchain, AI, EV,
Speaker 1: space exploration, robotics. I just did an interview with a
Speaker 1: robot company that's building the Android software for robots, and
Speaker 1: they're using Ethereum, where the robots constitution is in any
Speaker 1: theomist smart contryt it is downloaded by the robots to
Speaker 1: abide by the rules and laws. This is the future,
Speaker 1: whether we like it or not. So let's take advantage
Speaker 1: of it and try to make as much money, right, folks.
Speaker 1: So it's great to see globally cryptos getting adoption. A
Speaker 1: lot of money is being invested and much more. All right,
Speaker 1: moving ahead, we're Liberty Perpetuals. Debut implies forty billion dollars
Speaker 1: FDV head of first unlocked on September first, So we're
Speaker 1: Liberty Financials. Of course connected to President Trump and his kids,
Speaker 1: and they have a token and they've been doing a lot,
Speaker 1: buying a lot of crypto, setting up a lot of
Speaker 1: DeFi aspects and solutions. So we're Liberty Financial. The DeFi project,
Speaker 1: closely associated with the Trump family, said it would start
Speaker 1: unlocking its tokens for trading on September first. Twenty percent
Speaker 1: of the tokens purchased by early investors in the what
Speaker 1: is it? One CeNSE here and five cents rounds will
Speaker 1: be unlocked following a lock box process. Perpetual Futures trading
Speaker 1: for the WLFI token launch Saturday on major exchanges, currently
Speaker 1: trading around forty two cents, a significant increase over the
Speaker 1: prices paid by early investors. At that price, the Trump
Speaker 1: family stake in the project would be worth over nine
Speaker 1: billion dollars. Now. I know some people are going to
Speaker 1: be very upset about it. You know, the Trump and
Speaker 1: his family are involved, but there's nothing we can do
Speaker 1: about that. And I've said, look, I don't care if
Speaker 1: his kids are involved as long as he's not involved
Speaker 1: because he's the president. He needs to focus on running
Speaker 1: the country. And the only thing I didn't like was
Speaker 1: the meme coin. I don't think any president or political
Speaker 1: figure should have that. But if his kids want to participate,
Speaker 1: it is what it is. We live in the free market,
Speaker 1: and it is what it is there now. Final news
Speaker 1: item newcomer launch pad Haven or Heaven nears three hundred
Speaker 1: and fifty million dollars in volume as team pledges one
Speaker 1: year token lock up. So Heaven, a Salona based token.
Speaker 1: Launch Pad, has processed nearly three hundred and fifty million
Speaker 1: dollars in volume since it's launch on August fifteenth. Heaven's
Speaker 1: team announced Saturday that it will reinvest its allocated light
Speaker 1: tokens so Light to adhere to a one year cliff.
Speaker 1: One hundred percent of the protocols revenues are used for
Speaker 1: programmatic token buybacks, so this is interesting. Launch pads are
Speaker 1: great because they allow people to create unique tokens. You know,
Speaker 1: you got pumped out fun on Solana. One may argue
Speaker 1: that's not really a great launch pad because you can
Speaker 1: create meme coins. But again I may not like it,
Speaker 1: but I believe in the free market, and there should
Speaker 1: be some level of regulation to make sure people are
Speaker 1: not getting rugged their scam. But at the same time,
Speaker 1: I think they should be able to launch it and
Speaker 1: create it. Right. Well, you got these new launch pads
Speaker 1: that are coming up, and we'll see what it will
Speaker 1: allow people to do, which tokens they can launch. Because
Speaker 1: if you can launch things that are not maybe meme coins,
Speaker 1: but more utility tokens, maybe like for example, small businesses
Speaker 1: can launch tokens for their businesses that has utility built
Speaker 1: into it, that'd be really great and they can do
Speaker 1: it very cost effectively. It doesn't cost an arm and
Speaker 1: a leg and it's easy to use. That would be great, right,
Speaker 1: just as an example smaller medium sized businesses. So these
Speaker 1: things really can open the door to mass adoption of
Speaker 1: crypto and people coming on chain. So this is really great,
Speaker 1: and this is a project I'll be looking into. If
Speaker 1: I do this side to take an investment in it,
Speaker 1: I'll let you guys know. I always let you guys
Speaker 1: know which new coins I add to my portfolio, and
Speaker 1: those of you who are channel members, you have a
Speaker 1: direct link to my portfolio in a spreadsheet to see
Speaker 1: what's what's in there, So you know, I've said that
Speaker 1: I will be liquidating majority of my all coins in
Speaker 1: this bull market, and I'm keeping some bitcoins, some people
Speaker 1: I'm selling, but some I'm keeping long term, and then
Speaker 1: when the bear market comes, I'll be backing up the
Speaker 1: truck taking some of my profits to reinvest and get
Speaker 1: ready for the next bull market cycle. So that's my strategy.
Speaker 1: You don't have to copy, you don't have to follow it,
Speaker 1: but I hope you understand why I'm doing what I'm
Speaker 1: doing and using the market momentum and cyclical patterns to
Speaker 1: make as much money as possible. I've been through bull
Speaker 1: and bear markets where I've watched my portfolio drop down,
Speaker 1: and it's pretty painful. So you want to make sure
Speaker 1: you're taking some profits. Sort of you walk away, you know,
Speaker 1: from the bull market with money in your pocket, because
Speaker 1: it's pretty painful to not have taken profits and then
Speaker 1: watch yourfolio drop. Now, if you're like a very rich
Speaker 1: person or you're you're good, comfortable financially and you're like,
Speaker 1: you know, I don't care, I'm holding for the next
Speaker 1: five ten years, whatever I'm you know I've gotten money.
Speaker 1: Then you know, that's that's you. That's everybody's financial situation
Speaker 1: is different. So always do what's best for you, you know,
Speaker 1: do your researcher, of course, but understand the cyclical pattern
Speaker 1: of markets. And uh, this happens in the stock market
Speaker 1: as well. So if you are looking to get financial freedom,
Speaker 1: eliminate debt, maybe go buy a house, whatever you need
Speaker 1: to do. When we are in bull market and things
Speaker 1: are going well and there's a lot of liquidity, right
Speaker 1: because come to bear market, it is it is pretty rough,
Speaker 1: all right, folks, that's the news. Let me know what
Speaker 1: you think. Leave your thoughts and comments below. A great
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