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<v Speaker 1>Hey, everybody, Welcome into the Thinking Crypto podcast. You're home

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<v Speaker 1>for cryptocurrency news and interviews. I'm your host, Tony Edward

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<v Speaker 1>on your weight in. Please sit that subscribe button as

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<v Speaker 1>well as the thumbs up button and leave a common below.

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<v Speaker 1>If you're listening on a podcast platform such as Spotify

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<v Speaker 1>or Apple, please leave a five star rating and review. Folks,

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<v Speaker 1>it is bloody out there. Bitcoin back below one hundred

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<v Speaker 1>and fourteen thousand dollars. We got a lot of whales

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<v Speaker 1>manipulating the market, and over the past month or so,

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<v Speaker 1>we've seen both longs and shorts getting liquidated. So usually

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<v Speaker 1>you don't see that much bunge together, but clearly whales

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<v Speaker 1>are trying to squeeze as much liquidity out of this market.

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<v Speaker 1>It could be there trying to reset the sentiment to

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<v Speaker 1>a fear zone, if you want to call it that,

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<v Speaker 1>before we see our next rally. But it is what

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<v Speaker 1>it is. Well, let me give you some details here,

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<v Speaker 1>So Bitcoin feeling the brunt of it here, Jason Pizzino, analyst,

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<v Speaker 1>said Bitcoin verse all of Friday's gains from the fed's

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<v Speaker 1>dubbish interest rates speech. Consolidation continues as expected for August

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<v Speaker 1>and September. But Ethereum for the most part is still

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<v Speaker 1>holding up very well. It's currently over forty seven hundred

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<v Speaker 1>dollars total. Three still you know, consolidating as well. Nothing

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<v Speaker 1>new here, but it's going to follow Etheroreum for the

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<v Speaker 1>most part. But you know, Bitcoin's taking the front of it.

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<v Speaker 1>So what caused this crash, Well, some folks saw from

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<v Speaker 1>on chain data that a single whale caused a three

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<v Speaker 1>hundred and ten million dollar bitcoin flash crash by dumping

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<v Speaker 1>over twenty four thousand bitcoin. That's pretty crazy if you

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<v Speaker 1>think about it. The entity still holds one hundred and

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<v Speaker 1>fifty two thousand, eight hundred and seventy four bitcoin across

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<v Speaker 1>linked wallets. The funds traced back to HTx deposits from

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<v Speaker 1>six years ago. So some whale manipulating the market here.

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<v Speaker 1>And even on Binance, we're seeing Binance itself is dumping

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<v Speaker 1>a lot of ethan bitcoin to liquidate longs, and one

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<v Speaker 1>user says this is peer manipulation. Now I don't know

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<v Speaker 1>if this is one hundred percent manipulation, but with the

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<v Speaker 1>whale dumping on the market, and in addition, maybe the

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<v Speaker 1>sentiment not there, you're seeing everybody kind of liquidating a bit.

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<v Speaker 1>You know, I'm not as sophisticated where I know a

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<v Speaker 1>lot about what happens on the back ends with exchanges.

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<v Speaker 1>But I'm just using some of the information I've seen

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<v Speaker 1>out there and I a little bit that I know. So, folks,

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<v Speaker 1>the TLD are here, just be patient. And this is

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<v Speaker 1>why we don't use leverage because the house always wins.

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<v Speaker 1>The exchanges are in on the game, and you are

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<v Speaker 1>going to get wrecked more often than not. You know,

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<v Speaker 1>Charlie Munger has said, you know the three ways a

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<v Speaker 1>man can go broke is leverage, women, and booze. Right,

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<v Speaker 1>So the leverage is one of those things. You got

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<v Speaker 1>to be careful, folks, And if you're not using leverage,

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<v Speaker 1>you're fine, right. The only thing you got to stomach

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<v Speaker 1>the volatility. But this is part for the course. This

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<v Speaker 1>is how you earn your stripes and how you make money.

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<v Speaker 1>And I've been here since twenty sixteen, so I've seen

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<v Speaker 1>it all. So this is not surprising to me, but

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<v Speaker 1>it happened from time to time. But eventually they're going

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<v Speaker 1>to wrap up their short term manipulation and pump this

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<v Speaker 1>thing higher and we're going to see retail flood in.

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<v Speaker 1>So it's all part for the course, guy, So just

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<v Speaker 1>be patient and don't panic. This is where you don't

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<v Speaker 1>look at your portfolio. That's a little trick I learned

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<v Speaker 1>over the years. Do not look at your portfolio and

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<v Speaker 1>walk away. Go touch grass, go touch to say. I

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<v Speaker 1>don't look at the charts all day, right, folks. Now

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<v Speaker 1>here's an example that we are still in a bull market.

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<v Speaker 1>Many of you may know that Kanye West launched a

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<v Speaker 1>token on hyper liquid called wyz why so. I mean, guys,

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<v Speaker 1>you know how I feel about meme coins, but this

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<v Speaker 1>is degenerate times degenerate, right, Well, of course you have

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<v Speaker 1>people who invest in it, and it started dumping and

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<v Speaker 1>it wiped out a ton of people, even Andrew Tate.

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<v Speaker 1>And I'm no fan of Andrew Tate. He lost seven

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<v Speaker 1>hundred thousand dollars trying to short Kanye West's wysey why token.

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<v Speaker 1>So a fool in his money, all right, folks. So

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<v Speaker 1>this is what happens when you use leverage. Folks. You

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<v Speaker 1>want to stay away from leverage, and it's important to

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<v Speaker 1>just buy spot, you know, buy the blood on the streets,

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<v Speaker 1>buy the corrections by the markets. I've been on the

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<v Speaker 1>record saying that for years and you will be fine. Right,

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<v Speaker 1>just buy and hold for the euphoric blowof top phase

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<v Speaker 1>where you take profits. And it's a patience game, right.

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<v Speaker 1>The leverage guys may say, oh, but I get the

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<v Speaker 1>money faster, but they are handling one hundred times more

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<v Speaker 1>of the risk right by using leverage. So guys, just

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<v Speaker 1>be careful. And guys, you know, I'm a big believer

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<v Speaker 1>in moving your crypto off the exchanges and using self custody.

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<v Speaker 1>I've been using hardware wallets for years. It's the safest

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<v Speaker 1>way to custody your crypto and Treasure is a sponsor

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<v Speaker 1>of this podcast. I'm a user of the Treasure Say

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<v Speaker 1>five wallet and Treasure they were the first to create

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<v Speaker 1>hardware wallets. They started doing this in twenty thirteen. They

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<v Speaker 1>created the seed phrase setup and much more. And they

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<v Speaker 1>support a variety of tokens, all the big tokens, big

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<v Speaker 1>onoin etheroreum XRPS, Sowana, even new tokens. And they have

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<v Speaker 1>a great software called Treasu Suite where it's easy to

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<v Speaker 1>manage all of these tokens and all the cool features.

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<v Speaker 1>And they also have a great handholding service where you

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<v Speaker 1>can talk to a Treasure rep to set up your device.

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<v Speaker 1>Don't worry, they don't ask you for your private keys

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<v Speaker 1>that that is not something you have to share. But

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<v Speaker 1>they'll help you to navigate the device and how to

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<v Speaker 1>set it up. So that's a great service. Not many

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<v Speaker 1>companies offering the industry. So I'm a big believer in

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<v Speaker 1>Treasure Once going to use the device and if you

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<v Speaker 1>use my code thinking crypto all one word, thinking crypto,

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<v Speaker 1>you can get five percent off your purchase. So check

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<v Speaker 1>out Treasure link would be in the description. All right,

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<v Speaker 1>moving ahead, Japan I is a twenty percent flat tax

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<v Speaker 1>for crypto trades packed to ETF offering with tax code revision,

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<v Speaker 1>there's a lot happening in Japan. Just this week we

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<v Speaker 1>heard they were launching their stable coin on Ethereum, Polygon

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<v Speaker 1>and Avalanche. Ripple and SBI said they were expanding our

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<v Speaker 1>LUSD in Japan and much more so. The Japan's Financial

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<v Speaker 1>Services Agency plans to request a review of how the

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<v Speaker 1>country's tax code treats crypto, aiming to tax gained similarly

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<v Speaker 1>to stocks and eyeing future crypto ETF offerings. According to

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<v Speaker 1>a report from local outlet Nike, The agency is also

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<v Speaker 1>expected to approve the country's first domestically regulated yen peg

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<v Speaker 1>stable coin in the fall, as Japan looks to spur

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<v Speaker 1>crypto adoption. So, folks, we've often talked about crypto is

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<v Speaker 1>a global acid class, and look at what we're seeing

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<v Speaker 1>globally mass adoption. The governments are on board. They're not

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<v Speaker 1>banning this, they're not outlawing it, they're regulating it. They're

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<v Speaker 1>saying you can participate, both retail and institutions. They're building

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<v Speaker 1>and approving these financial products like ETFs and much more,

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<v Speaker 1>creating more on ramps. And you know they're going to

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<v Speaker 1>tax it, right, the tax man. You got to pay

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<v Speaker 1>the taxman. There's no way to avoid it, right. So

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<v Speaker 1>this is great to see, very bullish, and we're going

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<v Speaker 1>to see more and more countries do this. Guys, game

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<v Speaker 1>theory will play out. If you don't know what game

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<v Speaker 1>theory is, you can go read it up. It's a

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<v Speaker 1>theory where it outlines whether it's countries, companies, or people,

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<v Speaker 1>we all want to compete and be the best, and

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<v Speaker 1>we don't want to be left behind. So sometimes it

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<v Speaker 1>takes one mover to make a move in a certain

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<v Speaker 1>region or area, and then others follow suit. Right, So

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<v Speaker 1>this is why it's important to understand these concepts as

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<v Speaker 1>they play out in different aspects in crypto. So very

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<v Speaker 1>bullish news. Now I mentioned crypto's global here's another example. KPMG,

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<v Speaker 1>that's a big name, one of the top four audit companies,

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<v Speaker 1>says investor interest in digital assets will drive strong second

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<v Speaker 1>half for Canadian FinTechs. So, Canadian fintech companies raise one

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<v Speaker 1>point six two billion dollars in the first half of

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<v Speaker 1>twenty twenty five with significant investments in digital assets and

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<v Speaker 1>AI startups. Despite a global slowdown, Canadian investors continue to

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<v Speaker 1>support fintech ventures, particularly those focus on blockchain and AI

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<v Speaker 1>driven financial tools. The report indicates a strong second half

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<v Speaker 1>of twenty twenty five for fintech investments, driven by US

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<v Speaker 1>regulatory support and the adoption of AI solutions. So we're

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<v Speaker 1>seeing capital being raised and invested into crypto companies in

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<v Speaker 1>addition to other texts you know, like AI and much more.

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<v Speaker 1>But crypto is part of the basket, right. So we've

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<v Speaker 1>often talked about we are in the fourth Industrial Revolution

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<v Speaker 1>where you are seeing the rise and convergence of many

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<v Speaker 1>different technologies and they all support each other, right, So blockchain, AI, EV,

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<v Speaker 1>space exploration, robotics. I just did an interview with a

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<v Speaker 1>robot company that's building the Android software for robots, and

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<v Speaker 1>they're using Ethereum, where the robots constitution is in any

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<v Speaker 1>theomist smart contryt it is downloaded by the robots to

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<v Speaker 1>abide by the rules and laws. This is the future,

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<v Speaker 1>whether we like it or not. So let's take advantage

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<v Speaker 1>of it and try to make as much money, right, folks.

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<v Speaker 1>So it's great to see globally cryptos getting adoption. A

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<v Speaker 1>lot of money is being invested and much more. All right,

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<v Speaker 1>moving ahead, we're Liberty Perpetuals. Debut implies forty billion dollars

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<v Speaker 1>FDV head of first unlocked on September first, So we're

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<v Speaker 1>Liberty Financials. Of course connected to President Trump and his kids,

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<v Speaker 1>and they have a token and they've been doing a lot,

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<v Speaker 1>buying a lot of crypto, setting up a lot of

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<v Speaker 1>DeFi aspects and solutions. So we're Liberty Financial. The DeFi project,

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<v Speaker 1>closely associated with the Trump family, said it would start

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<v Speaker 1>unlocking its tokens for trading on September first. Twenty percent

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<v Speaker 1>of the tokens purchased by early investors in the what

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<v Speaker 1>is it? One CeNSE here and five cents rounds will

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<v Speaker 1>be unlocked following a lock box process. Perpetual Futures trading

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<v Speaker 1>for the WLFI token launch Saturday on major exchanges, currently

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<v Speaker 1>trading around forty two cents, a significant increase over the

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<v Speaker 1>prices paid by early investors. At that price, the Trump

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<v Speaker 1>family stake in the project would be worth over nine

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<v Speaker 1>billion dollars. Now. I know some people are going to

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<v Speaker 1>be very upset about it. You know, the Trump and

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<v Speaker 1>his family are involved, but there's nothing we can do

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<v Speaker 1>about that. And I've said, look, I don't care if

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<v Speaker 1>his kids are involved as long as he's not involved

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<v Speaker 1>because he's the president. He needs to focus on running

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<v Speaker 1>the country. And the only thing I didn't like was

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<v Speaker 1>the meme coin. I don't think any president or political

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<v Speaker 1>figure should have that. But if his kids want to participate,

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<v Speaker 1>it is what it is. We live in the free market,

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<v Speaker 1>and it is what it is there now. Final news

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<v Speaker 1>item newcomer launch pad Haven or Heaven nears three hundred

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<v Speaker 1>and fifty million dollars in volume as team pledges one

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<v Speaker 1>year token lock up. So Heaven, a Salona based token.

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<v Speaker 1>Launch Pad, has processed nearly three hundred and fifty million

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<v Speaker 1>dollars in volume since it's launch on August fifteenth. Heaven's

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<v Speaker 1>team announced Saturday that it will reinvest its allocated light

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<v Speaker 1>tokens so Light to adhere to a one year cliff.

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<v Speaker 1>One hundred percent of the protocols revenues are used for

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<v Speaker 1>programmatic token buybacks, so this is interesting. Launch pads are

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<v Speaker 1>great because they allow people to create unique tokens. You know,

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<v Speaker 1>you got pumped out fun on Solana. One may argue

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<v Speaker 1>that's not really a great launch pad because you can

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<v Speaker 1>create meme coins. But again I may not like it,

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<v Speaker 1>but I believe in the free market, and there should

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<v Speaker 1>be some level of regulation to make sure people are

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<v Speaker 1>not getting rugged their scam. But at the same time,

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<v Speaker 1>I think they should be able to launch it and

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<v Speaker 1>create it. Right. Well, you got these new launch pads

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<v Speaker 1>that are coming up, and we'll see what it will

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<v Speaker 1>allow people to do, which tokens they can launch. Because

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<v Speaker 1>if you can launch things that are not maybe meme coins,

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<v Speaker 1>but more utility tokens, maybe like for example, small businesses

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<v Speaker 1>can launch tokens for their businesses that has utility built

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<v Speaker 1>into it, that'd be really great and they can do

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<v Speaker 1>it very cost effectively. It doesn't cost an arm and

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<v Speaker 1>a leg and it's easy to use. That would be great, right,

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<v Speaker 1>just as an example smaller medium sized businesses. So these

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<v Speaker 1>things really can open the door to mass adoption of

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<v Speaker 1>crypto and people coming on chain. So this is really great,

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<v Speaker 1>and this is a project I'll be looking into. If

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<v Speaker 1>I do this side to take an investment in it,

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<v Speaker 1>I'll let you guys know. I always let you guys

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<v Speaker 1>know which new coins I add to my portfolio, and

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<v Speaker 1>those of you who are channel members, you have a

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<v Speaker 1>direct link to my portfolio in a spreadsheet to see

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<v Speaker 1>what's what's in there, So you know, I've said that

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<v Speaker 1>I will be liquidating majority of my all coins in

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<v Speaker 1>this bull market, and I'm keeping some bitcoins, some people

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<v Speaker 1>I'm selling, but some I'm keeping long term, and then

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<v Speaker 1>when the bear market comes, I'll be backing up the

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<v Speaker 1>truck taking some of my profits to reinvest and get

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<v Speaker 1>ready for the next bull market cycle. So that's my strategy.

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<v Speaker 1>You don't have to copy, you don't have to follow it,

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<v Speaker 1>but I hope you understand why I'm doing what I'm

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<v Speaker 1>doing and using the market momentum and cyclical patterns to

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<v Speaker 1>make as much money as possible. I've been through bull

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<v Speaker 1>and bear markets where I've watched my portfolio drop down,

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<v Speaker 1>and it's pretty painful. So you want to make sure

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<v Speaker 1>you're taking some profits. Sort of you walk away, you know,

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<v Speaker 1>from the bull market with money in your pocket, because

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<v Speaker 1>it's pretty painful to not have taken profits and then

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<v Speaker 1>watch yourfolio drop. Now, if you're like a very rich

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<v Speaker 1>person or you're you're good, comfortable financially and you're like,

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<v Speaker 1>you know, I don't care, I'm holding for the next

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<v Speaker 1>five ten years, whatever I'm you know I've gotten money.

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<v Speaker 1>Then you know, that's that's you. That's everybody's financial situation

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<v Speaker 1>is different. So always do what's best for you, you know,

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<v Speaker 1>do your researcher, of course, but understand the cyclical pattern

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<v Speaker 1>of markets. And uh, this happens in the stock market

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<v Speaker 1>as well. So if you are looking to get financial freedom,

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<v Speaker 1>eliminate debt, maybe go buy a house, whatever you need

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<v Speaker 1>to do. When we are in bull market and things

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<v Speaker 1>are going well and there's a lot of liquidity, right

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<v Speaker 1>because come to bear market, it is it is pretty rough,

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<v Speaker 1>all right, folks, that's the news. Let me know what

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<v Speaker 1>you think. Leave your thoughts and comments below. A great

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<v Speaker 1>way you can support me is by subscribing to my

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<v Speaker 1>free email newsletter. It is one hundred percent free on

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<v Speaker 1>substack linko being a description. Check out my book on Amazon.

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<v Speaker 1>It's available in paperback, in digital, and my course at

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<v Speaker 1>Mycrypto course dot com. This is a comprehensive course that

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<v Speaker 1>teaches you every aspe crypto Knowledge is power. Expand your

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<v Speaker 1>knowledge about this technology and asset class. This course is

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<v Speaker 1>packed with tons of value, guys. I always get great

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<v Speaker 1>comments and feedback about the course. When you go in there,

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<v Speaker 1>you can leave comments, and in the lessons you'll see

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<v Speaker 1>other people's comments, and I respond to additional questions you

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<v Speaker 1>may have, so you can feel free to post them

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<v Speaker 1>in there as you're going through the course, and you

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<v Speaker 1>can go at your own pace and you can share

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<v Speaker 1>to log in with your friends and family if you want.

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<v Speaker 1>You know, like I said, knowledge is power guys, so

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<v Speaker 1>I put a lot of work into this. It features

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<v Speaker 1>videos from institutional investors, founders, CEOs and many folks know

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<v Speaker 1>other course offers this, so check it out. Linko beating

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<v Speaker 1>the description. Go to Mycrypto Course dot com. Folks, Thank

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<v Speaker 1>you so much for watching and listening. I appreciate you all,

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<v Speaker 1>and I'll talk to you all later