Confessions of a Crypto Hype-Man

[@Coffeezilla]

So... turns out this timing was INSANE as the crypto market plummets from the top of the bubble... A good reminder to be smart with your money... I for one will probably buy low here, but remember:🤔 Don't panic buy, watch the fees, don't follow hype-men, and don't invest in things you don't understand. Let me know if you want more crypto interviews!

[@khalidkassim1927]

Coffee there's this new scheme going on called "Earth2" you gotta check it out and let us know your opinion! Big fan🧡🇱🇰

[@FernieSenders]

Mtf bull divs forming, beras got their work cut out of em, and of course coinbase goes down at the perfect time again. Now where did I leave my tinfoil hat...

[@jasondeblou6226]

BRO I BOUGHT AT 40.4 WHAT DO I DO NOW??

[@abedrahat3898]

Yes! More crypto interviews.

[@dankestranch8738]

@@jasondeblou6226 oh no lol

[@OpenMind3000]

I think I bought a shitcoin because of this guy and lost 700 Euros. But I don´t fault him for it. It is still my responsibility. I respect that he owns up to all this in this video. He seems like a good guy

[@Mrchronicfx]

What did you buy?

[@themerovingian6689]

HelloGold?

[@bauch16]

Which coin ?

[@marioncobretti8210]

Nah crypto is not a mistake the mistake ppl make begins with a lack of understanding diversification or throwing all their eggs in one basket. The total amount of money Ive invested in crypto is less than 1k and im holding till it hits my target price if it goes down i hold and if i lose it all im ok with that. That is the difference between someone that is responsible and someone that should not invest in the stock market. You do not invest if you would sell at a loss because if your willing to sell at a lose than your not using extra money your using money you need.if you ask yourself under what circumstances would sell and your response is at a certain pt than you cant invest because you need that money for bills or sumtin.

[@xxximyxxximerton1671]

@@marioncobretti8210 cope

[@zimicity]

I avoided the business gurus but fell victim to the crypto gurus. I appreciate the algorithm showing me this sooner than later.

[@Kid_Ikaris]

I think I did too. More or less. I'm a smart dude. You probably are smart too. Smart people do stupid things sometimes. Sometimes extra stupid.

[@Mj_Billz]

The algorithm will change your life these days

[@ryugahydeki2]

Here’s a tip. People who tell you to buy longs and leverage trade, especially shills who tell you to look out for shitcoins, get out immediately. Chances are, they are pumps or paid to market the coin.

[@jabatheshort660]

All hail the great algorithms, ever wonder if the algorithm is a fake guru?

[@siddharthbirdi]

Just follow Benjamin Graham's principles and Margin Of Safety and read about bubbles and how they occur, has helped me avoid so many losses.

[@Deutscheautoparts]

I commend him for walking away. This biggest take away I hope for most people is to realize people can start a KZbin channel, twitter, FB, IG or TikTok account as an expert in an industry they know very little about. It seems that he wasn't even aware of the implications of his advice or market stability.

[@Deutscheautoparts]

Oh yeah also investing advice always has bad incentives

[@domeswall]

I have a dr. phil. (German version of a Ph.D.) in linguistics. My channel is about hanging out in México because the workload of writing an empirical dissertation was so insane that it killed all the joy for me, even though I did finish it successfully. 3:22

[@Mistyfire]

It’s easy to walk away when you’ve already banked a fortune

[@jacksonwhys6048]

This is a weird way to say u don’t actually know about auto parts

[@Marcopolo96120]

Every financial youtuber "I'm not a financial advisor" and then proceed to give financial advice.

[@HDReMaster]

liability

[@vl9168]

@Astrogeek bro, You wanna find out what happens to you when you give financial advice over social media? You will have every law enforcement agency knocking your door down in no time and you will be doing some time with serious federal charges. Don’t act stupid man...

[@jstanovic]

Same goes for vitamin, supplement and other health aid markets. Always convinces me to move on.

[@erichanintokyo]

I use to listen to he and his wife (?) He was 2017 not 2016~ and yes, those hype channels still exist and I really try to NOT do that. I found your session with him was useful for everyone.

[@alimfuzzy]

I'm subscribed to your channel. You're one of the good ones.

[@1911Earthling]

Everyone in crypto is stealing from each other.

[@squibbelsmcjohnson]

Basically, short and sweet

[@eliot5220]

Yep it’s so stupid. How do people think they can create money in a civilized developed country.

[@nothobbesmufc949]

@@eliot5220 magic

[@kioyom]

This vid puts the whole fake guru thing into perspective for me.

[@RokSlana]

This was sobering. I was kind of feeling this lately with some of the content creators out there. This video solidifies my hunch. Thumbs up to Asger for coming clean.

[@andrewdibden1659]

I love that Coffee left the epistemological rant in - this interview style is so refreshing, get to see more of the interviewee's personality

[@savingsusanna]

Enlightening interview. Really interesting. I was a regular viewer of In it for the Money and one of the main draws to me, apart for the 'hot alts' was Asger's integrity. Obviously this interview shows that it was at sometimes strained, there's life & its tests, but his integrity shone through in the end, and still does.

[@danm9297]

I have no money in crypto but have just followed it as a fascinating human behavioural phenomenon. It’s mostly a dark and miserable reflection on our civilisation, that plays into our instincts and greed, and our innate ability to delude ourselves and to tell ourselves a twisted narrative. I have just watched this interview, and I have to say that it was incredibly refreshing to watch and has given me a tiny bit of faith in humanity. ❤️

[@jswan312]

The rise of social media, too, has given steam to so many bad ideas-MLMs, crypto, etc. Humans have a dumb need to put their brains on autopilot so they can follow the heard.

[@akbar8427]

By your comment i can see that you understand nothing about crypto. Yes many people have no idea what they're doing or saying but crypto is by no means a sham or something bad... Also you don't have to lose your money if you actually know what you're doing...

[@danm9297]

@@akbar8427 you might be right. But I don’t claim to be an expert, and there’s probably lots of things you don’t understand either. 🤷🏼‍♂️

[@ShaferScott]

I remember this guy, I was making crypto videos back in the day trying to tell people Bitconnect was a scam. Lots of money lost in 2018. This guy was no where near as bad as Suppoman or Trevon James.

[@harennagdewani6503]

For that matter, even that Black Davor guy lol. Took the Davor from $1 to $175. Glad I cashed out at $100 and made 3k

[@paulobella1857]

Dont forget CryptoNick!

[@linkingwithnaz1295]

Funny thing is Trevon James responded above saying he has a similar story

[@religionlol7323]

Everyone is a "crypto hype man" when it comes to doge. The amount of ignorance that keeps getting repeated about that junk is so mind numbing.

[@locodez]

I used to work for a bank during the crypto hype of the late 2010’s. With regard to the talking point of people maxing credit cards to buy in is legit. The bank I worked for had to change their TOS and policies to not allow crypto purchases on credit. It made some people upset, but it was saving some people. Cash or debit purchases were still allowed, just not credit.

[@jswan312]

Yikes. Crypto on credit. 😬🙄

[@squibbelsmcjohnson]

Crypto on credit exists though, they found a way around that and major banks

[@kimwhatmatters4085]

That’s probably because cash back rates on credit cards is different and crypto is basically cash back some even have a max on cash back

[@water8095]

Skip to 30:15 to hear the most important part of this interview guys

[@justchillin5373]

32:09 is where it puts coffeezilla into perspective in this cryptospace.

[@justchillin5373]

41:16 is another one

[@RustOnWheels]

@@justchillin5373 That’s Dunning-Kruger.

[@justchillin5373]

@@RustOnWheels sure it is.

[@RustOnWheels]

@@justchillin5373 I mean that people overestimate themselves when they start with something. It’s basic human psychology, we all have that.

[@kickpublishing]

Now he’s rewriting his story to become a lifestyle guru. This guys switches from one form of bs selling to another.

[@british021]

Glad you picked on that too. He was too busy trying to sell that he was not recommending, yet admits to charging gullible people $90 per month on a newsletter... ok buddy. Once a con artist, always a con artist

[@mytwocents100]

he "left" because of the bear market. I am here because I just received an email of him shilling a "gem" coin that just got listed on so and so again.

[@fabledogify]

Exactly lol

[@spenndoolie]

He’s a fraud

[@zonta71]

You nailed it. I commented on the first video he made after walking away from initforthemoney. I suspect he will do anything to get a like. (Edited) am into cryptos and I follow a lot of crypto channels. I can accept representing a brand as a sponsor for case study or project overview highlighting real info rather than get info-mercials paid to jive and sing like a puppet. These types of personalities just seem to reflect the general trend on TVs. Am sure we can all agree the TVs present with bleached teeth brother than the sun and hair piece painted on isn't really initforthetruth

[@unicornshampoo]

Ever since Adam Sandler stopped making big movies, David Spade really hit rock bottom.

[@emanuele20x]

Hahahaah

[@avaangel433]

Actually this is his dumber, uglier brother.

[@thill9k]

Ahahahahaaaaaaa! Yes, I couldn't quite put my finger on it!

[@richardwilliams4669]

Naaaaaillled iiiiit

[@robertplatt643]

Rob Schneider is now an anti-vaxxer.

[@1.5Koreans0.5American]

In Korea, 2 people tried to kidnap a crypto KZbinr. Because the KZbinr gathered money together to invest in ICOs together with the viewers and apparently they lost tons of money.

[@hgm8337]

North Korea was that?

[@af98]

Thats interesting. Whats the youtubers name?

[@amandamoore7512]

Watching a man ACCIDENTALLY pump and dump MULTIPLE coins is absolutely breaking my psyche

[@daftdog]

Kinda like the " Butterfly Effect."

[@nothobbesmufc949]

i think it says alot about the crypto craze. Ppl would see a youtuber who they didn't regularly follow post about a coin and buy it bc of fomo. I can totally believe he was like "that can't be bc of me my channel is so tiny!"

[@TrailBaby]

He low-key looks like Shaggy

[@UnusualOscar]

From Scooby-Doo 😀

[@SaraAB98]

Omg exactly!

[@WinginitIguess]

Maybe shaggy from the trailer park. Haha

[@jefferyorton1723]

Rut roe Raggy..

[@call_me_kay]

Lol... Come to think of it he talks a bit like shaggy too😂

[@AurionKinetix]

You need to get Richard Heart on your show. He knows more about crypto scam founders and more.

[@AurionKinetix]

@@ibra1616 No questions. His scam coin is now worth 50b. 70% of which he pump his own money in. His goal is to beat btc. He will raise another 700bn of his own money. Then rugpull at 1trillion making him the worlds first crypto trilionaire

[@ReptilWithIpods22]

yea this is guy is a bit sleazy, he's definitely no saint, but at least I get the sense that he was a normal dude pursuing an interest of his and he just got too greedy. He isn't a deluded psycho. He's also pretty upfront about it all. It's not like he can give refunds to those who lost money, and if his fans want to play his risky games thats a joint responsibility.

[@VeryOnBrend]

I remember this guy. His channel was so cringe and so obviously a pump and dump shill. I am keen to watch this and see how it all went down and what he's like now.

[@karynstudiosloane-ceramics436]

I haven't heard a smidgen of pushback towards crypto in my life because everyone I know LOVES it, so this has been interesting. So glad to have listened to this and also realized that some people in my circle (crafting, DIY, etc.) are also pushing crypto & it's VERY strange... They're making journals and also pushing crypto? Is that weird or just me? I'm honestly wondering. I think I'm coming out of this with wider eyes. Thanks you both!!

[@ThirdGateMedia]

Thanks for having me on, @coffeezilla NOTE: when I said "one billion" (~15:35), I actually meant "one trillion" ;-) Thanks for listening, everyone!

[@hunterhemingway]

Thanks for coming on. Coffee thanks for having him on. @Sachin .....😂 wtf you on?

[@Ben-kz2km]

Thanks for being on the show and telling your story.

[@hunterhemingway]

@Sachin 😂 I know, thought it was a pretty hilarious thing to do. You earned it though, keep up that #hustle ✊🏼 Edit : waaiiiit? You were too busy to write a specific message but you had the time to watch the video? Lol scam.

[@hunterhemingway]

@Coffeezilla ohhhhh shiittt hahahahaha #nosubscribers THE BOT IS HERE

[@hakim6158]

This is so important especially with the explosion of Bitcoin. The FOMO is real. Don't get duped fellas.

[@1pyroace1]

What’s fomo again?

[@hakim6158]

@@1pyroace1 Fear Of Missing Out

[@tier4505]

People will buy now and it'll crash again like last time. Its like trading the stock market, risky and volatile.

[@1pyroace1]

@@hakim6158 thank u

[@brunomanco7529]

Im a utilities dividend guy, but the last couple of years teached me we shouldnt be afraid of momentum stocks. Bitcoin and tesla should have a space in our portfolio (its about 2% in mine, rebalanced), the rest its mostly telecoms and electric and gas utilities

[@carlos_cub]

This guy walks up to you in a dark alley "Hey man, I got some shit coins man! 'snif' Ya want some 'snif' crystal eth"

[@Mirizlqk]

Eth is good and doing well tho. This guy was probably marketing ripple or something that disappeared with the previous dump.

[@76biggdogg]

Smart guy . Two masters degrees and he's now realizes they are bs.

[@michaelhaydenbell]

@@Mirizlqk First, it's XRP, and hold up, it disappeared?? Lol what? Are you one of those "Uh oh, law suit!" people who can't read any of the subplot?

[@ChadAF_YT]

This comment wins

[@EddiXP]

Not the crystal eth 😱

[@FTZPLTC]

I think something Asger says is really significant - that even people who convince themselves that they're not the bad guys... are still inevitably going to be causing all the same harm as the bad guys. I personally believe that there's no morally neutral way to get rich from financial speculation - because ultimately, you cannot profit from it without someone, somewhere, losing out as a result. And I don't think you can advise people to do it without being complicit in that. It's not just down to the ethics of whether you're getting paid to pump stock, or whether you're just giving your unbiased opinion... the problem is still that one number can't go up without another number going down.

[@marcuswilliams5255]

I find the people who try to convince people they aren’t bad are worse than the people who are just blatantly bad and don’t hide it.

[@CidVeldoril]

Yes, but everyone in the space wants it to pump so they make money. I don't think you are the bad guy if you are the one who manages to cash out.

[@jontakaki503]

Actually, we miss "In It For The Money", not so much for the shitcoins I never bothered to look at, but the entertainment. Asger was a pretty interesting guy compared to the many arrogant crypto-noobs turned youtube expert out there. I agree with him that Crypto Daily is worth watching just for the humour.

[@todortodorov1263]

Like the swiss fitness guy xD

[@mothwaltz4163]

Awesome interview with a remarkable guest! Not many people would say No to huge money and your guest managed to do that and kept his self-respect.

[@JRSKATELAB]

Amazing reporting, this is one of your best interviews honestly. You have a great knack of allowing others to speak fully and respecting them as people (perhaps not their ideas). I would love to see a follow up interview or random drip guest visit with the Ex-Crypto Hype Man! Great work as always Stephen, keep up the solid job Detective Zilla 👍

[@ifitsfreeitsforme1852]

I saw this happening 30 years ago with a defunct investment company that always recommended stocks that they just so happened to "make a market " in. In other words , they owned huge blocks of stocks that they were recommending to their clients.

[@hakim6158]

Some of those pump and dump schemes were operated by the mob

[@binarysignals9593]

Boiler rooms still exist today.

[@Leoappeared]

Sounds like ARK Invest

[@ifitsfreeitsforme1852]

@@Leoappeared Nope , it was Dean Witter

[@Leoappeared]

​@@ifitsfreeitsforme1852 haha thats, not what I meant. It just sounds similar to what ARK Invest is doing currently ;)

[@davidsantana3043]

I’m happy to see Asger is doing well, I remember catching a couple of his vids when I started in crypto. Steven thanks for putting this out there. And by the way, just because I heard you say you have BTC and ETH I would say be carful with those two.

[@MikeyDavis]

Asger Folman "I'm in it for the money", seemed very rational and well thought out. He was one of my favorite Crypto youtubers during the 2017 hype. I lost a lot because of his advice, but it was all good, because I only used money that I could afford to lose, and I also did very well at the time on other coins.

[@annajones9701]

He was a scammer...he had a small group of people who would profit...educated scammer..but con artist

[@MikeyDavis]

@@annajones9701 Yup. He says that in the video. I believe he’s still a bit of a scammer right now, but ran into some potential consequences that shook him straight.

[@matthevandaalen6289]

Carl from the Moon: shilling Bybit like CRAZY. Getting worse and worse

[@camraid9]

He says he gets commission from sign ups... not really a con

[@LuchadorEMC]

Bybit is an exchange though.

[@matthevandaalen6289]

@@LuchadorEMC yes, and he is getting paid to shill it to (mainly noob) traders. Leveraged trading is like playing with fire if not experienced.

[@zimicity]

I love that analogy about the people wanting him to be a general and say death to banks let’s climb this wall! 🤣🤣🤣🤣 perfect analogy. This value here is priceless.

[@jesse76thgames80]

this is an essential watch for EVERYONE in crypto. invest responsibly people.

[@hunterhemingway]

Your comment sounds like a clickbait title...scam

[@aris13pat1]

They do not want to invest responsibly or mindfully. They want to follow the hype like good sheep and then send hate emails.

[@DavidIzredy]

@Winston Seele lol

[@kujaneck]

This has to be one of the best interviews you've done!

[@PatrickAlphaC]

This excludes technical crypto youtubers right?

[@sjuvanet]

@Marcus Apedradus his channel focuses on scams. obviously it's all he's gonna cover... also, technical analysis is irrelevant for successful investing, *especially* crypto

[@chrisdavey3113]

Isn't this what the bigger hedge fund guys are doing right now after "investing" big $ and then doing random interviews with finance KZbin channels telling everyone his bullish they are on crypto.

[@linkingwithnaz1295]

Yes. It's also what smaller guys do with penny stocks. Martin Shkreli got his fortune doing that.

[@domeswall]

The ads KZbin Germany puts in front of your videos feature the kind of guys you would criticize.

[@RDA8191]

Same here in the US. I guess the algorithms aren't as great as we'd assume. I get all the scam commercials while watching this channel.

[@cashkitty3472]

And UK.

[@alihenderson5910]

Yep

[@Mechtrekica]

Lark Davis is such a hype man who would focus far more on fear to get more newsletters and views.

[@itssteve6018]

You're misunderstanding what money is. Money, every money, is a *belief* system. Money is valuable because people *BELIEVE* it is. This is not unique to Crypto, this applies to *ALL* money.

[@gofres]

My response when people who don't get crypto criticize it. Been in since 2016 and loving it. Keep calm and hodl everyone, the institutes are coming :D

[@zlistcelebrityYT]

@@gofres I LITERALLY had to explain this earlier today. People really dont get it.

[@1qstudios]

The difference is that we have gold as a back up for every Day money for case something might go wrong, since this wil always be rare. . Crypto doesnt have that.

[@iShredStreets]

@@1qstudios Right.

[@heisHans]

@@1qstudios I don't understand. Crypto, bitcoin for example, is limited and has scarcity. Paper money is printed all the time AND the gold standard is an old tale, not existent anymore. So can you please explain?

[@EugeneBaldovino]

This is an amazing interview. ♥️ Perfect timing as Altcoin season is coming... and the wolves come out.

[@tkam54]

Coffezilla... you a savage for those thumbnail pics for the video!

[@marissabones]

@Victor Joseph that was my exact thoughts

[@GruniTheThird]

Crypto is very much real and it has incredible potential for the medium-long term future, that's for sure. BUT, it's very important to remember that it is still in its infancy stage, so volatility is insane. There WILL be 30-50% drops in the short term and people will freak out, sell, and lose a chunk of their savings. Don't get caught FOMOing into something you know nothing about. My recommendation: - Do your research on how Bitcoin and other cryptos actually work - DCA (dollar-cost average) over the next 1-2 years. - Only invest an amount that you are COMFORTABLE with LOSING!!! Very important!

[@SuperHperTube]

This video highly motivated me to do a lot more of my own research. Thanks

[@RustOnWheels]

DYOR! 😂

[@Cityflatpalsflatsharing]

I remember this guy, I didnt follow any of his crypto choices, he was full of BS!! People lost money because of him...

[@ExistenceUniversity]

Its all a scam so duh. Buying fictional products that have no economic or personal values.

[@zamboner]

NO, People lost money because they're idiots and degenerate gamblers... if you can't think for yourself, don't try to be your own bank...

[@ipodtouch470]

@@zamboner this, alot of comments on yt from people new to crypto just ask " get to the good part. What's the price?". Sad to see tbh these are the people that are gonna get burned.

[@mikaelh9584]

@@zamboner Freedom comes with a price

[@davehooper6481]

@@ExistenceUniversity I get why you say that about most crypto but hold on a second. The are utility tokens that are actually used on networks. They are not just bought and then sold at a different price. Think of them like gas. Look into h bars for example and you will see that they are not a scam but a fuel for a growing worldwide network.

[@Luis-zx3ls]

This guy seems extremely depressed gotta let go of ur guilt live life trying to be extremely nice to a world where nobody cares weather u live or die is stupid when u really think about it

[@jessicacox2005]

I was thinking the same, I think intelligent people are prone to that.

[@Slimc74]

Fraud case possibly being threatened. The way he asked for the official acceptance as his appearance being an apology had me turning my opinion. Hes looking for people to support him. I think hes got the scamming cap on

[@sushi0085]

people do care whether you live or die.

[@kwakekamdivasi591]

I used to see this guys videos around late 2017/early 2018. He had one of the biggest crypto channels in early 2018, shilled some coins that are now 98% in the red (e.g QASH, HGT & many more). He only left because of the brutal bear market, couldn't sell his bullshit to anyone anymore.

[@british021]

*Personally, I do not think he "walked away", throughout the interview he seems super edgy on not giving "recommendations" nor giving "financial advice" and we are to believe that he somehow woke up with ethics...that is not how it works. I think he has been threatened with legal action from the who knows how many disgruntled viewers/newsletter subscribers and this ultimately is what made him stop what he was doing. A typical pump and dump conman who knew what he was doing imo (even charged $90 per month for a "no recommend "newsletter). Now he does what most "reformed" conmen do and teach victims, for a price, how to look at for conman like him (sorry, I mean, what he used to be...) - *disclosure: all views are my own and are of an opinion basis not of a factual basis ;)

[@mfit7110]

You saying "we are to believe that he somehow woke up with ethics...that is not how it works" says a lot about your own character.

[@british021]

@@mfit7110 how exactly?

[@mfit7110]

Sounds like you believe people need an incentive in order to realize they should take a more ethical approach to things.

[@british021]

@@mfit7110 thats your own assumption. You can clearly see in the video from the guys actions and own words that’s exactly what he’s doing...

[@mfit7110]

@@british021 I quoted you in my comment. It’s not an assumption.....

[@Food4Thought-qw8ez]

Here we see the struggles of a non-sociopath submerged in an ocean of greed. May his tribe increase.

[@veo16]

The facts are simple. Rarely do successful people spend time making KZbin videos about their business or skill. But there is no shortage of failed entrepreneurs and outright losers who will fall back on content creation as a last resort when the wallet is running dry. Watch videos and listen to podcasts for entertainment only. Trying to “study” this material for any sort of education is truly a waste of one’s time.

[@Monkofthecaribbean]

You are wrong

[@byLags]

Oh wow, I was already subscribed to Anthony (Street Epistemology.) Well nice to catch-up!!

[@kylelarson5074]

This guy's next business venture should be as a Thom Yorke in a Radiohead cover band

[@truth.speaker]

True, true

[@gaganhk8176]

@Coffeezilla you're not the real zilla

[@idonystudios]

Saying what we were thinking

[@rnGeezus]

it may be an older video, but this 1 is my favorite of them that i have seen. that guy is chill af,someone you could burn an L with, and kick it.

[@CaseyBurnsInvesting]

We need a video of calling “crypto comment” phone numbers.

[@shizza82]

THIS

[@vdmur7952]

lmao haha for sure

[@tonyh1345]

Dude yes

[@ChintanCG]

Maybe one for @kitboga

[@IndubitablyUsee]

kzbin.info/www/bejne/mnTGfmiJfN2UpcU

[@fraterdeusestveritas2022]

So long as the fed keeps printing fiat money that devalues the purchasing power of the dollar, I'll be buying gold, silver, crypto and stocks in mining companies. End of story.

[@johngeorgearcher]

Well said. The alternative is a slow draining sensation that sounds like that of someone being royally screwed! 😂😂😂

[@mynamejeb8743]

you say it as if all central banks dp everyday is go to office and print money. this is not the case and a very bad misconception. Printing Money is just one of the many method to manage the economy

[@mynamejeb8743]

investment should logically exceed the inflation rate not because "hurr durrr fed keep printing paper"

[@stevenpapus5049]

Blockchain was a genius invention and definitely will revolutionise many industries; the start was very rocky and lot of scammers unfortunately made money on the way.

[@mattkaustickomments]

Apparently all the transactions and views of transactions use massive massive amounts of energy, so other versions are being developed and adopted.

[@ej2863]

Buy and Hodl Bitcoin, it's that easy Ignore the noise

[@mockingbird_redacted]

Considering Akon is actually getting a city and using his crypto for it I would consider that as well. One large city using crypto for everything including paychecks, would help it at least maintain its value (edit: in Africa and being built allegedly)

[@ExistenceUniversity]

Bitcoin is not money and never will be. It's still a scam

[@ExistenceUniversity]

@@mockingbird_redacted insanity

[@ExistenceUniversity]

@@mockingbird_redacted Yeah you are the idiot that thinks africa will allow akon to build a city and think its viable that the city runs on crypto. You stalked my page because of this one comment. You have too much time and imagination son.

[@mockingbird_redacted]

@@ExistenceUniversity you make videos so I scrutinized them. You have replied to every comment so really I just bought real estate in your mind boy. It’s free real estate

[@cleo7363]

coffeezilla lowkey exposing this guy 😂😂😂😂

[@Slimc74]

Yea i agree. Guy is a fraud all the way. Hes still in the quicksand

[@TheMrKlassy]

it's genius lmao

[@nooksgirlsam]

Hats off to him for making an ethical choice in such a fed up world. It’s a black wolf and white wolf thing. I’m in a similar situation with him but not as crazy. All the best to him 👍🏼

[@jaywrightesq.7730]

The market crashed and all of the gurus disappeared. There was no sudden moral epiphany.

[@MrLoopy86]

What are you talking about?

[@whiteMCHammer]

Wow, i skipped this video in my recommendations for 2 weeks before finally clicking on it to listen to on my drive to work. The guy on the thumbnail was just so sleepy, but I ended up liking the guy. Anybody who is aware of the idea that there is something outside of themselves and what they CURRENTLY believe, and that are self aware enough to say "wait a minute, maybe I'm hurting people much more than helping" and then to make the selling your soul for millions, or saving your soul to simply be aware and be good is incredible.

[@raiyanfaiyaz7952]

Stephen should really get his own TV Show of investigative journalism

[@vicariouswitness]

Then he would be restricted by the Corporate agenda .... are you sure you want his show to disappear.... yeah He got a show .... don’t fly too close to the sun or you will get burned.

[@TheSingleAss]

TV is dying, tv shows are moving to youtube and the internet.

[@vicariouswitness]

@@TheSingleAss TV.? Never heard of it.

[@DharmaAI]

Please consider sueing youtube for runing scam ads during your videos. They are running crypto scam ads during most crypto influencers channels. Please see if there is a way to sue youtube over this.

[@marissabones]

I thought I was the only one

[@chasingstoke]

"...now he runs a self development youtube channel" ...riiiiiight

[@gofres]

"self development" = lifestyle guru?

[@thedylonzone4072]

@@gofres forget millenials we are dealing with Generation Guru

[@Ayasegaki]

@@thedylonzone4072 More likely sellout generation, everyone on social media is trying to sell something, either overpriced products or scams.

[@avocadolfhirsehiedler742]

Impressive that Coffee could say that with a straight face.

[@Astra_Dystopium]

😂😂

[@Moocharoo]

As a fellow crypto KZbinr I can confirm that all this is true... I don't have a massive channel though as I give brutally honest reviews and whenever those reviews are negative you get attacked by the community and few views. Create frantically bullish videos and views and subs explode. I don't do paid referrals or paid content as I am primarily a developer and trader, but I do get emails every day from companies wishing to pay for videos. Glad to see "In it for the money" doing better, I remember him well and always felt he wasn't quite being genuine, nice guy though.

[@user-me5gx9pk1q]

*I will advise you invest with Manager Thompson and earn huge like I do and he's currently handling my Portfolio earning 200% profit with his strategies and guidance you will achieve alot*

[@user-me5gx9pk1q]

+ 1 9 2 9 8 4 1 3 6 3 9 His availability is on What'sapp

[@heroicbreak2952]

The quality of the content is amazing, considering the frequency of uploads

[@JoeKyser]

A friend of mine told me one time she was going to be a millionaire in a couple weeks. She really doesnt know why. Her husband his friends "made"a crypto. On a certain date it made them millionaires. She said after that he husband was done. He gets paid and makes the next one

[@snooganslestat2030]

So what happened?

[@JoeKyser]

@@snooganslestat2030 She ended up divorcing him. He was indeed was involved with creating cryptos that look great but had no future. One of the IPOs was not done right and the government was on their ass. Im pretty sure hes still dealing with it. When she found out what was really going on she wanted to get far far away.I dont blame her. The dude was a hustler anyway. He flipped cars and stuff like that. I know he mined crypto a bit. I had talked to him about that and even made some house calls to fix some issues with his mining equipment.

[@das1ist1mein1name]

Honestly in his situation I would probably have chosen to be a millioner. I applaud his good soul.

[@devins4686]

"good soul"

[@danielmanning8060]

Of course this guy voted for Joe Biden ... REEEEEEE

[@das1ist1mein1name]

@@danielmanning8060 ?

[@RDA8191]

.....after he got a 6500% return

[@solomonking9538]

It seems he has fooled you too

[@Xrplovr]

Lost money in USI Tech. Recovered money because I did not have weak hands. Up for now. Look for use case and team. At end of day the market takes off when a couple things happen. 1. US gets regulations in place.. 2. Custody responsibility is shared or taken with bank or investment company. When a person can walk into a bank and get advice on coins and bank insures them and keeps custody of them. 3. Walk on street with crypto gear other than something that says bitcoin and people know what it is. Customers want ease of transaction and safe storage. When that happens, 6000 projects disappear and 100 stay that have legitimate use case. Please do something on the crooks at USI Tech

[@WhatInTheActual]

I lost at least a couple thousand with usi-tech also. Bitconnect as well. You recovered some money from USI Tech?

[@Xrplovr]

@@WhatInTheActual free air, recovered because i stayed in and did not sell other assets. I am in projects that I think will have a good run coming up. I tell you, there was some smooth operators in usi tech

[@tykeno]

nice vid, but don't like the idea that there is no way to have a crypto channel without being ethical . what about coinbureau?

[@SatsMate]

Coinbureau is a very ethical and impartial KZbin channel!

[@zoopdefloop8651]

Crypto Casey too

[@etherreal1650]

Outstanding that this is bing said. Like many of us I was rinsed by crypto and TAX on gains that evaporated. I was wealthy on paper and then I wasn't. Then before I realised that crypto tax was a thing, I poured in more money and was wealthy but I held on untill I couldnt and then I (even though I know I shouldn't have) sold the bottom. Now I'm watching the bull run with empty pockets and a massive tax bill from trading tokens I had bought for pounds and when they were worth thousands . UK capital gains tax is 20% but if you owe the tax and have no money money then you are doubly WRECKED.

[@doimoi958]

Is it just me or does this guy looks similar to an actor on Dhar Mann?

[@StormriderVarskil1]

Been in crypto for many years, but I never knew him until now, as he's not among the top 10 crypto KZbinrs I follow. Despite this, kudos to him that he has turned over a new leaf. Guys, if you want to enter this space, do so with extreme care. I have been in stocks for many many years before crypto, so in KZbin or TV, I have enough experience to know if I am getting shilled. Learn how to DYOR to save your shirt. Or just get BTC or ETH (as the US SEC has already declared them as not securities) and figure out when to sell 'em.

[@noiamhippyman]

Jokes on you Coffee, I don't even know how to read the charts!

[@cheechalker8430]

The bank that refused to transfer his money to buy cryptocurrency was doing him a favor. Like the banks that refuse to send an old lady customer’s money to Nigeria because she thinks her “fiancé” needs money to come and visit her

[@Dr.Aqueous]

I started trading/investing in 2020 and recognized how many snakes there are *real* quick. It's good to talk about it because I've seen how easy it is to get caught up in the hype.

[@johngeorgearcher]

Yes. It's a little crazy. I sat down, and devoted myself to first familiarising myself with the Crypto space because I had stayed COMPLETELY away from the Wild West of 2017. It's been fun watching some of the crazier content! 😂😂😂

[@neonpop80]

I'd suggest that reality is a reflection of your projection. Once he questioned what he was doing reality reflected that back to him. It is in the name "in it for the money", and when he didn't want to do that it dried up, fittingly.

[@MawlitiaARTEEST]

Yea this is crazy to watch. It'll be interesting to see what happens to the Crypto space that its being treated as an official security. I imagine that there will be a decent amount of lawsuits exposing the 'pump and dump' nature of a lot these circles. I'm surprised it didn't start with the huge Dogecoin movement that was going on in other platforms.

[@cernos7230]

check the origin of Dogecoin

[@MawlitiaARTEEST]

@@cernos7230 : I know about the Meme-y origins of the Dogecoin lol

[@fmac6441]

An investigation into the guy from the channel "nomad capitalist" would be really cool. KZbin has been suggesting videos of him for months and today I ended up watching some. Initially I thought it would be another lifestyle and FIRE strategy channel, but when watching it I felt a guru vibe when he talked about having a mentor and spoke a quote from Dan Lok

[@wyattlindquist3004]

Hey, Coffee I have been following crypto for a long time and am personally not really the anarcho-capitalist type but I love the idea and the true meaning behind these coins. Today these cryptocurrencies are based entirely on FOMO and it really makes me sad to see people and companies investing in these currencies just to make money and not because they actually believe in what the project is but in order to get rich. For me, the idea of getting rich off of crypto is so immoral and impure that it itself destroys the fundamental idea behind crypto being a store of some type of real-world value. For example, people will buy Etherium and not even read the ideas of the etherium founders or what the project actually is working on. ICO's make me sick and I can't believe these people are only out there to make money and don't see the real value that Crypto could provide the world if we use it right. The blockchain will revolutionize the world but if we give it such a bad name by running scams or pump and dump schemes on it then the technology will never become what I hope it someday becomes. I have a very personal connection to the blockchain and I truly love the potential it has and I just want to see it succeed in a real and legit way. My ex-girlfriend gave me a book on the block a few years ago and since that day I have dedicated hours to working on it going to school as an accountant and computer science student to someday work on this technology. I am passionate about this and I really really want to see it work. Sadly people may never see or understand the true power of the blockchain, or they may feel the power as it rips them off. I hope this changes. Sorry if this was a little incoherent I am multitasking while writing. Thanks for all the great content again.

[@CryptoCaseiy]

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[@CryptoCaseiy]

Her what@pp + 1 6 2 6 5 2 7 9 3 5 0..

[@3cameron6]

Let me preface, I subscribed when you moved into the 10 million dollar studio, and now I am finally going back into older videos. THE DOOR'S LETTERING IS WRONG. EITHER YOU ARE FILMING OUTSIDE, IN THE HALLWAY, OR THE LETTERING IS ACTUALLY ON THE INSIDE OF THE DOOR. BOTH ARE INSANE. AM I MISSING AN INSIDE JOKE, OR IS THIS JUST A MAJOR BLUNDER? ok, carry on.

[@B-K920]

This guy could easily be Thom Yorke’s body double.

[@thedylonzone4072]

The last thing people who are being scammed want to hear is how they are being scammed. - Steven

[@thedylonzone4072]

@Coffeezilla Thank you for reviewing John anthony's videos. please check out the one with me in it. kid loses 35k

[@Fray2221]

I'm hugely invested in crypto at the moment, but thanks Coffee for providing an important perceptive. I always consider your views when it comes to investing.

[@Fray2221]

@Sachin I'm pretty solidly in the green at the moment, but I am aware of the risks. I wouldn't have invested one dollar in it if I didn't think that crypto had a future, but the bubble is coming.

[@Beanster25]

@Sachin no yolo that shit, sell all your possessions, get a high interests loan because you’ll become a billionaire

[@lucasdarianschwendlervieir3714]

Yeah crypto is a speculative market and a bubble in the making. Mostly people buying it because they think it will rise rather than because of its intrinsic value (which im not sure exists).

[@Fray2221]

@@lucasdarianschwendlervieir3714 Well that's how the markets work. People on Wall Street buy stock because their think that they will go up, not because of some "intrinsic value". Crypto is not a scam, but it is a very speculative investment. Some people will get very rich and some people will get very poor.

[@Fray2221]

@Coffeezilla No thanks fake Coffee. I don't need any help day trading.

[@think-about-it-777]

I think one of the things that really needs to be clarified with a pump and dump is the spike going UP is the DUMP. everyone who bought low dumps on the people IN the spike, The crash down afterwards it's not the dump (That's what happens after the dump is done)

[@MarksmanSpecialist]

i see, there's a great fortune is calling out fake guru. Coffeezilla is the industry leader in youtube

[@alderoth01]

Now a days people will openly say "I'm being paid to talk about this coin" then begin FOMO right out the gate. If you aren't paying attention you can get sucked in.

[@theaccountant5846]

This is a great video. I've often wondered about the effect of these youtubers who do stock recommendations, reccomend stocks (BNGO & JAGX are the only examples I can think of off the top of my head) , and immediately after there is a spike in stock price, they sell it. I wonder how many of these people do this on purpose because they have a position in the stock, boost it up, and then cash out... I was considering making videos on stocks because my videos result in minimal views, but ethically I couldn't do it....

[@justinsnider9772]

Unless it’s a penny stock, there is almost no youtuber that can meaningfully effect the price of a stock. If someone was pumping random penny stocks then I would stay away from them. Otherwise it’s just way too small of an influence to move real stocks.

[@thegiftedteacher]

Good lord... JAGX and BNGO are notorious.

[@kylesizemore2751]

The reason why crypto pumping is so effective is because alt coins have such a low market cap and there is no regulation. Some coins are so trash that one guy with 10,000 could move the price. Stocks trading on the nasdaq with several hundred million or billion market caps are in no meaningful way moved by youtubers reporting news.

[@theaccountant5846]

@@kylesizemore2751 The problem is that I keep seeing these KZbinrs pumping biopharma stocks at around 50 cents, and within days they are trading at the 3-4 dollar range...and as an accountant I see no revenues so I can't figure out why the incredible gains...perhaps some of them could be on the brink of some great research, or they could be a pump and dump...But thank you for your observation!

[@kylesizemore2751]

@@theaccountant5846 if they are trading on the otc markets it possible they are being pumped but since you used bngo as an example, they exploded because they reported a 100% increase in service revenue, ark invest publicly took an interest in them, and 3 independent scientific journals acknowledged the potential of their tech while a pilot study was performed which confirmed that their tech has market share amongst pathologists as it eclipses standard khereotyping. All of it happened at once which got the ball rolling for a hype train.

[@French_Connection]

I never got into crypto. I remember being in shock as all the scam coins were soaring.

[@spenndoolie]

His newsletter had tiers that openly stated each tier would get the coin before the tier below and it was heavily suggested to front run cos of the spikes, pumping newsletter

[@eugenmalatov5470]

I think you guys are too hard on him ... who says he was not doing his research and giving solid investment advise?

[@Griffatron3000]

boi needs to sell some bitcoins for food

[@whatsthedealoneill1]

also I think most people in crypto is not at all 'anarcho-capitalism' I think it is the very opposite of that. It is pure capitalism. He seems like a nice Danish dude and I would want to hear him more.

[@withoutwroeirs]

Excellent interview! I remember him. Emotion is 95% of the reason why folks will not make money in the markets. It is not easy. Emotion emotion emotion - a money killer if you cannot understand how to control it.

[@Slimc74]

Man there is some really smart followers on this channel. Thats exactly right. And unfortunately right now everyone is " emotional ". Especially men. Pathetic

[@squibbelsmcjohnson]

Yup gotta have psycopathic tendencies in you

[@neoprofin]

Being smart enough to know what you don't know is a mark of intelligence. Not knowing enough, and putting absolute faith in someone...

[@imthepresident]

I loved him in Mission Impossible: Fallout!