Stock Call 3.21.22 About crypto

Joke: If you can't win with a 156 stop loss... this might not be for you.

IAN: you love Ripple why?

It's best to have something with an utility. Ripple..solve the money transfer problem, from country to country. 

2013 people bought at the top and lost their money. 

Instant payments. when you get your check. check is pending on Wednesday and not available until Friday. Ripple will use ripple net to give instant payments. all that money sitting on sidelines, going back into the system. 

NFT people pushing. You gotta get Ethereum to open sea, then to open sea to sell it you have spent already a lot to make that transaction. 

IAN: open sea has a lawsuit and 

do your research. 2015 and 19. IRS had rules. the only issue is the intent to wish you use a crypto. all they care is about getting their tax money over 10k. if you use those coins to buy drugs for example. they have asked for regulatory clarifications and now 9 years later they get a lawsuit. 

EYL episode, Mike Nothergrass is billionaire. He bought eth under table in unknown wallets. 

IAN: to learn about ripple and where best to buy it. 

xrpl.com gives you history. Ripple the xrp and ledger will still work even if the founders leave (it doesnt need them).  Ethereum can't do that.  JP Morgan owns the tech behind Ethereum. owned by JP who is actually the bank.

IAN: 

jan 6th in DC. how did they find out that they used bitcoin to pay for it if its decentralized? they track the first move. they have a node in each node. when you cash out. from crypto to uscd, its going to have a track. 

IAN: they can snatch your stuff. when scammers used to use... if we think about getting more money, you don't think governments are not thinking about how to get more money as well? 

why we in a war with Ukraine but we talking about crypto regulations? Crypto used to liberate Ukraine? boom.. there you go.. they create the problem, wait for the solution. 

IAN: Jamie was saying i don't believe in bitcoin. a real investor doesn't reveal their hand. 

student: they tell you what they are doing. do the research. 

IAN: how much are you reading per day? 

I look at all the crypto accounts. use coin market cap (that's what I use). go to the websites, read the white paper. 

For chart, read ecript. probably about 3 hours a day for the last 4 years. after work. 

IAN: he's giving unbiased perspective. start to read 3-4 hours a day, you are going to see. The games are there.

student: I sold my business, moved to Nashville. i locked in on crypto. I put every unemployment check i had on it. they gave us free money to invest. I even sold my truck, I don't have a car. i put about 3500 in, peak at last April I was at 57k. 1.84 on XRP. this is the greatest opportunity we have. dad said, they locked us in a house and gave us money. now we have inflation but you could have gotten ahead of it and get ahead of it. 

IAN: study every market. housing, water,.. are you putting those 3 to 4 hours a day? 

Student: grew up in the country, always wanted money. we can want money, but we gotta do what it takes to get the money. when you put the 3-4 hours in, it becomes easy. I'm 39 close to 40. I've been doing physical labor all my labor. 'you cannot be doing this and think you gonna be rich.' the knowledge comes, then the money. 

IAN: 2016-17 there are a lot of things that are not on that list that are no longer

ripple was #3 spot before that case was put on them. dec 20 and dec28 bull run started for and bitcoin.

IAN: even in a great streak, find out what the big hedge funds are doing. because then they might make a move  and not be able to liquidate. futures, options. all of that. like the Russian market, they may not be able to make you liquidate that. no popular assets that banks are not going to have their hands on. 

all drug rules come from the Vatican. 

student: who financed that? 

IAN: only way to really hedge. they have it all (mentions different industries)

student: if it doenst have a utility, and you dont see it lasting 5-10 years don't put your money into it. dodge was a meme. i made 30k. I knew it was meme. 

IAN: they have to create liquidity to make it rise up. pup up at 40, get out at 25 when everyone is holding. but if you wait to the top of the market, may not be able to cash out. all markets are the same. 

student: check out what these billionaires are holding, they have more money to lose. 

ian: invest the same, play top 5. find out what governments are investing into it. go look at these cycles, which ones fall apart. top 10 crypto in 2015. no one who has any money will tell you the real next big thing. 

ripple: look at the ones that are consistently at the top 10. that will let you know. since 2012 to now. how the market cap rise and how much volume is the basis of what makes it in the top. 

IAN; process is the same. 

student: researched March 2020, held it. i sold that coin, it went to a 103. i had 200 or 2000. i could have made 200k or 400k.

IAN: we have all done it, sold something too early or hold on to a loser too dang long. these are lessons I have been through, not something I read. 

student: Don't chase what is going on in the news. money did not increase until I trimmer down to 8 coins. Mine are: XRP. Luna, Avalanche, flare and sombler(?). 

Alaka's note: XLM, QNT, DOT, LUNA, SAND, MANA, FLR, CRO 

student: let the protocol work itself out. let it develop. Bechain, tracking and VChain, its a good one too. 

IAN: go outside. supply chain shortage, worker shortage, its bad. they are trying to soften the blow of how bad it really is. 

student: contactless payment, Walmart new system, scan and go. Kroger, scan and go. how did they have a whole system to be implemented? first 3 industrial revolution, always a certain people that made money. as minority people get in, do your research, this is changing. checks to debit card. our parents did not want a debit card. our people say don't want crypto. if that's what business in the future will be taking what are you to do?

IAN: 2 that you like?

student: get online, 

IAN; no easy answer. took me 3.5 years to come up with this stuff. hard ass work. 

student:  you got scammers, people pumping Youtube channels, i had to use my intuition. making errors,  and seeing what sounded right. blessed to make a living off of a crypto. get on my page and give the game. whoever is going to take it, will take it.

IAN: when you love it, man. some of you are not winning because you are not obsessed enough. 

student: I'm walking now. this is my Tyler Perry moment. 28, I can do what I want to I can rent one. I can pay cash. I had to make a sacrifice. its not easy, its painful but you gotta do it. 

IAN: go watch that documentary. top 50 rapper in Chicago. laughing stock of Chicago, but that determination. power 105 wouldn't play him. undying belief in yourself. even when your family doesn't believe. 

Student: forget the crypto, it has to have utility. Does it solve a problem?

IAN: Same with stocks. It has to have some actual utility. People said what about Neo? I say have you seen one of those in the road? time goes back quick. have vacation, have a purpose. they going through early retirement then be bored out of your mind. build your purpose while building.