Same goes for the crypto space. Many people, they will make their first million and now they think that they are smart. Now they think that they are better than everyone.
They are smart. They know what they are doing. No, you just probably were a degenerate.
Doesn't know anything why or how he bought it. Welcome everyone back to the Words of Wisdom podcast. We're back once again. Still the number one trading. podcast in the world and the fastest growing thanks to all of you and our incredible guests talking of guests we have a return which we don't get too often on the podcast but we're here in dubai so it had to happen because the crypto space has been on fire both in a positive way and sometimes negative that is just the nature of crypto and there's no other person that we should have back then camille aka the trading wizard the return the return the return return let's get straight into it like Last time you were on the podcast, incredible podcast, it was so much fun.
And last time you were on the podcast, you were a huge investor and advocate for Phantom. And well, how's Phantom done since then? Since the pot, I think it was back then at around 18 cents or something, 20 cents.
Now it's at 120. And imagine the coins built on Phantom, like I told everyone. You shouldn't be looking, especially with the smaller money, you shouldn't be looking at the big coins. coins that are built on them they went absolutely nuts so it's a it's it's a new new stage i would say yeah the market yeah we love that we love that and that's what we love about you know the crypto market as a whole there's so much opportunity and something i've seen recently actually literally as recent as i think like the last couple weeks is this solana meme coins have been insane yeah yeah they they took some hair from me as well no sleep again only only yeah yeah a lot of meme trading last couple of months um also on base so coinbase has his own chain as well yes coinbase has meme coins as well so the more meme coins come out the less sleep i get what do you think about meme coins though because obviously they're not like there's nothing behind them necessarily no it is so it's funny for the crypto guys i would say and it attracts a lot of new investors i wouldn't say they are the smartest investors but um hey it will attract some attention um what do i think of it i would say it attracts attention to a new chain as well and i think that's a good thing so if i look at coinbase for example or if i look at solana if you if you see how money went inside of the chain right now and people made money inside of that chain at the end of the day they want to keep it on the chain because now they are kind of emotionally attached to the chain so i think overall it's good for a chain to do meme coins or of course it's not the choice of the chain itself so if i look at base for example um when it came out there was a coin and after uh one and a half hours of the coin being on the on the blockchain i bought it it's called toshi maybe you've heard about it i haven't no maybe too many there is too many no that is uh the biggest one on the on the base chain at the moment so i'm currently i i bought it at one million market cap it is currently at 230 million market cap so that's 230x on on a meme coin um yeah it doesn't really really have any utility still but i would say i have kind of a good sense for for the meme space not because it's very funny but it's just very easy to spot good memes really is that how it works is it like a good meme would be the one that would perform well yeah yeah yeah so it's kind of easy to see so so if i'm looking at at my bigger meme place um so yeah pepe for example that was a coin and it went very very very i heard of that yeah yeah um do i think pepe was very funny no it just went absolutely nuts and most of the time when one coin goes absolutely nuts you will have um one coin directly behind it that looks kind of similar sounds kind of similar pepe jr people okay so people came out and literally it was maybe for 30 minutes on on the chain and i bought it again i did around 45x on it and then it is kind of easy if you did multiple meme plays it is kind of easier i would say to to sense what what works and what not work the only thing is with meme coins it's a whole different approach since you need to cash out very very very quickly because i would say that 99 of them are just ripples so where money goes in and it goes out very quickly because the developer says okay boom it's finished i'm going to scam you all it happens a lot or you have honey pots as well so a honey pot basically you can put money in so you can buy the coin the coin goes up massively because everyone is just buying buying buying buying yeah they cannot sell so that's why if you open up um if you want to look for coins guys deck screener that screen if you look on that screener and you see a coin that did 20 or 200 000 most of time it's a honeypot because you will just see one big green candle um and that's because people cannot sell the coin but if you one two two um they can't sell because of liquidity or yeah yeah yeah so it's in the contract that you can only buy and not sell oh really yeah but they just don't know yeah yeah so so if you want to make sure that you're not investing in a honeypot you have multiple sites you have honey checker for example or just honeypot checker just look up honeypot checker the only thing that you need to do is copy the the contract of the coin paste it and it will tell you if it's a honeypot or not It can save you a lot of money, I would say. Because if I'm looking at Toshi, even though I went into the right one, I bought some more into the wrong one as well. And after five minutes or something, the investment went up.
I don't know how many thousand. And I was like, okay, maybe this isn't really the coin. And then I saw it was a honeypot as well.
What's your mindset in terms of risk when it comes to those sort of plays? is there still are you high risk are you going to talk risk again with me um i always say my my hairline explains my risk so your hairline's all right that's what you think bro i'm i'm i'm covering it up no but um yeah my risk most of the time so so i i kept i keep trading and and investing for me is a whole different game yeah so um same goes for trading just technical analysis the real trading a coin trading so i make my own portfolio for it and if i have my own portfolio that's where i can degen around a bit because what i see for a lot of people is they want to do meme coins now because they have some investments inside of solana now they want to trade um memes on solana they are getting it out of their investment back what happens is they don't keep track of their investments anymore and now they are just gambling on the blockchain on meme coins and of course it's still kind of gambling so they will um they make the beginner mistakes like okay i made a big loss now i want to win it back and if you're going to steal from your investments at the end of the day you won't have any investments left so what i always do is for myself i give myself a percentage of um just my portfolio and i will say to myself okay try to flip this so many times and then i will gamify it again and terms of risk there um it really depends most of the time i go inside of one coin with one fifth of the account okay and then all or nothing yeah because we are talking about multiple access so it's not 20 or something or 50 you're talking about multiple access so then risk to reward wise i would say it is possible yeah would you say like one thing you mentioned there is that you're you're quite in tune with what's happening within the different chains and the different memes that are happening and popping up that's the most important thing that's what i was gonna say is like for that to work and really to have an edge you have to be like have your fingers on the pulse yeah similar to just like any sort of trading whether it was nfts back then or whether it's crypto trading or crypto investing yeah you need to know what you're doing you need to know what's happening so like for the average person who's like seeing a tweet or seeing an article like so and so is up 20 000 and then they find a way and they start investing yeah they're not really on the polls let me take so i know that most people who are watching your podcast probably are forex traders i think we're diversifying slowly but yes okay let me take all of you on a quick journey in the crypto space i think that's a good one so um one of the first things that you should understand when you're jumping inside of the crypto space is what is it and and and if you're looking at the solana for example and you heard about solana what is solana actually and if i'm looking at at people who have asked so if we're looking at the majority of the people right now they have something in crypto do you have something in crypto i would imagine oh me yeah yeah sorry okay i can't remember yeah i do yeah okay if we're looking at at your your top holding in which project is it you don't have to name numbers it'd be ethereum ethereum okay um let me yeah ethereum is quite an easy one do you have another holding as well a bit more degenerate people degenerate would be something like hot or holo okay If we're looking at Holo and I ask you who the founder is of Holo, can you answer? I cannot tell you. Okay. If I ask you about the tokenomics of Holo, can you answer?
No. Okay. Why are you in Holo? I got stuck in it last book. Okay.
And why did you went in in the first place? Was it because of a friend? Yeah, someone else told me why.
Okay. So if we're walking on the street right now and that friend of you tells you, do you see that guy there on the street? Just give him a couple of thousand, he will make something from it. will you do it or not well i don't talk to that friend anymore that's better but but but in most cases for people they will just invest in something because they heard it from uh from a friend or even worse someone online guys for everyone who is watching it don't listen to anyone online don't listen to to any any influencer online especially not uh if they have a high count of followers if they're talking about the project uh the reason for this is because you you you don't know in what situation they really are you don't know if the cars they show if the watch they show is real and i can tell you one thing in many after four years of dubai i can tell you one thing and that is that almost ever everything that that you see here is not a not 100 real and if i see what kind of projects they are preaching every single day every single day they come up with a new one why of course because they get paid for it and they get paid Huge amounts. So in some cases for them, it's okay.
Or I'm taking this influencer thing and I'm selling my shitty basic course for a while. Or they can just in one shill, one tweet, get paid what they would get paid in two months of selling their course. So for some of them, they will just sell their show and they will do it easily. And you are the one who gets the...
the downside i would say so it all comes down to taking ownership i would say of your knowledge knowledge is everything in this space same goes for trading space same goes for everything if you are following signals because some dude drives a lamborghini and you can copy his free signals we all know i hope that this is not another not a normal business so if we are looking at part one of how to start with crypto is what is crypto and um Let me make one of the easiest examples out there. And that is that you have different operating systems, right? We're looking at phones. Let's just say that this is an Android phone. We have iOS, iPhone, and we have Android.
iOS is its own technology, right? And people can say, I love iOS because it is very user-friendly. I love it because it's very fast. I love it when I open up an app, it opens up in so many things. Maybe they will say, okay, I like it, but it's a bit expensive.
Same goes for Android. Some people will love Android because of the benefits of their technology. Some think Android is better because it's more... I had so many conversations with people.
I told them I have an iPhone and they will come up to me, first thing. you pay too much for your iphone this thing is way more use cases and all of the things okay that is their their their um their choice because they like this technology more there's no one size fits all there's no best project there's no solana is better than phantom there's no phantom is better than afax it all comes down to your personal preference so what we are seeing now is you have all different kind of technologies we call them layer ones yeah so for the people if you're watching this podcast yeah please please don't watch it like you're watching a netflix series or or or listening when you're cooking or driving please take notes because otherwise it's kind of useless in my opinion to watch a podcast you're just going to um listen listen listen and not implement so we start off with layer once layer once is is the technology and and cut me off if i'm going too fast because my adhd head it sounds very project But we have the technology first and when we're looking at technology we're going to look at a few things so for example What's the transaction speed? if we're looking at the technology you have a blockchain trilemma yeah so the blockchain trilemma is very simple is a project scalable is it decentralized and is it secure you want all of those three things the only problem is is there almost no project at the moment who can solve all of these things because if we're looking at ethereum is it secure yes is it decentralized yes is it scalable because if you want to send a transaction from a hundred dollars your your transaction fee is 40 dollars so it isn't very scalable i would say so what they are trying all of the projects is they are trying to solve the blockchain dilemma when you are looking at the layer one sorry guys it's a ramadan i i want water but it's not possible so when when you're looking at the layer one you want to see if those three things how they are trying to solve it because at the end of the day that's what most layer ones are trying to do so if you like for example um ethereum you need to see for yourself okay how how far is ethereum inside of the blockchain dilemma if you're looking at solana okay how far are they because solana is way cheaper for example than ethereum and that brings us to to the next level i would say what is the next level the next level is layer twos and and layer twos is okay what can you build on the chain so if we're looking at ethereum ethereum has one problem so it's the scalability the biggest investments are the layer twos that solve a problem for the layer one same goes for my iphone how can i strengthen my iphone if i download my timer for example then i can use the phone right so which apps are built on a layer one that make it stronger if we look at matic matic solves the the the scalability problem I would say for ethereum so Matic was a very good investment if you were in early on same goes for you right now instead of listening to that one high school friend who made some money in in crypto or listening to an influencer online or if you're watching YouTube videos like I did in the beginning a lot with uh top 10 best coins of of March 2024 instead of doing this look for yourself okay first which chain do i like so which layer one do i like what is your preference in in layer ones again this is what i mentioned in the first podcast mine is phantom so i went all in on the ecosystem on phantom the only thing that i'm going to do is okay what is built on phantom because i believe in in in the technology what is built on phantom just compared with let's say for example we have clash of clans on both both phones i think everyone or candy crusher just a game that everyone does yeah and on this phone every time when you make a transaction so every time when you swipe on on candy crush for example or if you need to attack someone on um clash of clans you need to pay 40 euros or dollars is that very scalable no can a child of of four play it no if you look at this phone and a transaction is 0.0000001 is it scalable yes Imagine you pay 40 euros and now you need to wait five minutes or two minutes for the transaction to be approved as well.
This one is instant. So the thing is now, if we are looking at the current stage of the market and if we're looking at an Ethereum, for example, is Ethereum the next one that is still going to be on top? Or is this one going to win? Why?
Because it's more user-friendly, I would say. If we compare BlackBerry now with iPhone. how many people still still have a blackberry no one yeah but in the beginning it was very cool you can even change the back of the the blackberry with different colors and everything it was very cool because back in the days that was our maximum technology then iPhone came out and it took a few years before no one had the blackberry anymore and everyone was having an iPhone now the question is how long is it going to take for people to realize that there are better Technologies out there and that's it interesting point as an investor of course imagine if you were one of the first investors of apple yeah so that's that's in a nutshell no i love it i think it's giving me some insight and hopefully people at home can take my lead as well in terms of not listening to random people or articles or tweets online i think it is so important in terms of the due diligence and and as you said take ownership of your knowledge and and then your decisions especially the ownership because it guys it takes a few years But just put in the hours, like I said many times before, just work a job.
It doesn't have to be fast, you know? And still, if you're going... going to do it in my opinion it will still be there very fast getting rich in four years is very fast but now because of social media just ruined our minds so hard like yeah but this kid did this and this kid i met a kid of 12 and he made 17 million really yeah with his nft project okay yeah and and and i was inside of the space for a while and i was young as well i was 19 and i was a multi-millionaire as well i was looking at this kid that i was feeling broke i was like no so comparison i would say uh it's it's the fever of joy so so never just compare yourself always just keep your head down work on your own knowledge and knowledge at the end of the day base based in your bills what do you think though in terms of like where we're at all-time highs in btc like it's hit all-time highs there's a lot of other coins that are have popped off especially in the meme space yeah um a lot of coins that haven't have lagged behind but yet we have the halving coming up as well and emotions are already quite high yeah you know a lot of uh greed already showing a lot of people impatience really showing as well a lot of drivers already talking is yeah exactly so i mean like the retail has already started to to speak up what are your thoughts you know someone who's been through some previous bull runs one thing i do want to ask you on top of that question as well is is each bull run do you treat it independently yeah because of how just you know how the nature of crypto yeah i will look at so let's take a break for a minute there guys because i want to tell you about the best trading tool on the market TradeZella. The reason why TradeZella is the number one trading tool that every trader needs is because you can do backtesting, automated journaling, trade replay, in-depth analytics, and so much more.
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The link is in the description below. And let's get back to the episode. You need to understand that crypto is kind of a little kid still. And sometimes a little kid, you need to accept him for what it is. So maybe if you're a father and you're listening to this and you have a...
You bought something nice and you hear it break when you're in the kitchen or something. You accept it, okay? It's your kid. He made a mistake. um if you're looking at at BTC you need to be very um just flow like water with it I would say just just be okay that it doesn't go exactly as the same as the previous run so if you're looking at the previous run compared to now it's very different why because we have a BTC ETF and a lot of money is flowing into BTC but it's flowing into an ETF and it's not flowing directly on chain like we are doing so if I buy BTC and i make profit on btc i can directly cash it out and just it's all on the chain and i can rotate it back into something with the etf this is not possible so they put it into an out into an etf and it stays there even though if they make they make profit they they can sell it but they don't get it in in the crypto space back the thing is is uh the etf brought a lot of money inside of the market i wouldn't say it's all institutional you guys need to understand that the crypto space um i will get later into this but you need a ledger yeah and you are your own bank so it's not not not that if you made a up you can call customer service or something and say listen i've sent it to this address or this address can you please help me if you send it to a wrong address you're screwed so so so basically your money is gone if that happens a lot of people most of the time older people don't want all of the hassle with clicking on a few buttons being their own bank and all of the things they would rather just buy an etf yes that option is finally open and that's why it is in my opinion going very hard at the moment of course it is also institutional but you need to understand that into it bigger institution of course we're already involved i don't believe that they were waiting on the sidelines very no we had like michael saylor right like he was putting billions into yeah every every Every time already.
So he's one of the biggest holders at the moment. How do you think that's going to go for him? I think it's...
He's doing quite well. The thing is, he was kind of a meme inside of the space because every time when he bought, the market dumped like crazy. So I made an account, a counter trade account from him.
Started it with 10k. And I was just, every single time I was counter trading him with high leverage, wrote up the account to multiple six figures. Really? And then it switched. Yeah.
I was thinking, okay, it was just for fun. It was just... a funny challenge and then um he bought and it was a few months back he bought boom full leverage in again i don't learn from my lessons as you know so i went in boom market spiked like crazy and i was like okay okay it's all a game of probabilities you know next time it will it will dump next time boom bigger pump again i was like okay screw this i'm not going to continue the account i took profits on the account but um It's not the indicator like he used to be. He left me.
He left me. Yeah. What are your thoughts right now then in terms of, for the general people out there?
As you said, a lot of the audience being saying, FX, options, etc. Yeah. And they might not be too clued up on the crypto space, but they may have dabbled in, they might be in my position, most people probably are, where they've tried or just invested based on little things, not really too much research. So right now going into, I don't know.
If you want to make money in crypto, you just need to know one thing. literally one thing and that is the crypto money flow if you understand crypto money flow you can become a millionaire inside of this space without actually knowing a lot what is crypto money flow we start off the rotation yes so it's a rotation and I'm trying to make it as visible as possible for everyone in here but like I said in my hdg yet it sounds so clear but i don't know if it comes over it's been really good yeah okay it all starts with btc so money flows into btc and of course when when people think about crypto they think about btc um so money is made in btc now people made money and now they are thinking you know what i want to do something with the money now they make money inside of the crypto space now they are going to look at altcoins because it sounds a bit more interesting and it sounds a bit more degenerate so now they are going to look into the biggest one was the biggest one still I would say the Blackberry ethereum so now people are going to look into ethereum and they rotate the money into ethereum so now ethereum makes a very big spike and this is what you need to analyze in the charts before I would say you are going to actually implement it see what happens when BTC pumps like crazy see what happens with Eve if Eve is still very slowed down that's the moment when I look at at Eve instead of phone going into BTC Same goes. ETH goes very hard now. What is next?
Large caps. So I would say market caps above 5 billion. So the money is rotated from ETH into the large caps. So if we're looking at Solana, for example. Now we need to look, okay, money is flowing into Solana.
So ETH went very hard. What is the next thing that you need to think about? How high is Solana at the moment? How high is, let's say, for example, AVAX at the moment?
You need to look at, okay, are they going hard as well? if not while Eve is pumping for me that's that's an indicator that I might go in if that goes hard so if your layer ones yeah so so the bigger coins go hard that's when you look at the coins that are built on the layer ones yeah so you're going to look at um the projects or or newer coins that are built on on on those coins watch the the the most traditional way is just Bitcoin ethereum large caps mid caps small caps what i always do is just boom i'm looking at uh bitcoin eve large caps and then directly just to move to to the degenerate things on on the coins so if we're looking at phantom for example phantom isn't a a a large cap um but but but if we're going to look at the pumps most of the time it goes with it if it goes with it i know okay i now need to look at the investments on them so one of the the the easiest place and that's what i share on instagram all of the times i have one very easy play that prints me money every every single run and it's you you don't need to have brain cells for this to understand it okay and and that is decentralized exchanges so you have two two kind of exchanges you have a centralized exchange so think of binance think of q coin think of uh by bit for example um you have those exchanges they are centralized so just compare it with they have one big wallet you are putting your money into their wallet and you trust them trust them yeah never ever trust the centralized exchange yeah you will trust them so you're giving them money they say listen okay with this money we will listen to your orders and you'll put in orders orders orders orders um the only problem is when like ftx a exchange goes bankrupt or whatever you want the wallet closes down as well and the wallet is gone with your money you can scream you can send emails you can say it's it's it's someone's problem it's your own fault you were the idiot who gave money into someone else's wallet then you have decent centralized exchanges and that again is where this little friend comes on um that's where you have your own wallet yeah so you have your own own wallet or online and on on your own wallet you can put it into your own places you have the same exchanges but now we call them decentralized so if you're thinking of the the biggest decentralized exchanges you have uni swap for example or if we are going to look at phantom you have boo spooky swap what is very just a very logical way is um if we go back to to to the the money flow and we have btc we have eve and then we have the large caps and then the rotation of the large caps into the newer coins New coins, before they move into the markets, they are not directly accepted on a centralized exchange. So Binance won't say directly, yes, just give me your coins and I will sell them here.
No, they need to have a lot of licenses and all of the things. A lot of money should be involved. If you want to buy the newer coins that just came on the blockchain, you need to buy them on a decentralized exchange.
So if I... am hearing about a meme season where do people buy the memes on decentralized exchanges it's a bit of the same where where where um people talking about uh the gold rush and what i always say is is of course people in the gold rush looking for gold they need a shuffle the people who sold the shuffles during the gold rush made more money than the people who were looking actively for gold yeah i would always always always say and one of the biggest investments that i always do is investing in decentralized exchanges on your favorite chain or a chain where you think a meme coin will be here so if I look at Phantom and if I look at spooky swap so the decentralized exchange of Phantom last I think it was can I check real quick of course yeah if I'm looking at Phantom and if I'm looking at the last um months I think it was a 10x from where from where we are now just by um Knowing this this this little heck I would say just thinking smart. Okay, what do I need to do think for yourself? Fenton I like the chain.
I think that people want to buy stuff on Fenton Why because the technology works they want to buy apps they want to buy things on Fenton What do I need to buy the app store invest in the app store? So I think that's that's the most easy way if if you didn't lose track or anything to start for everyone definitely and Let's break down this a bit more in terms of ledgers because obviously we've had the FTX situation. We've had the, well now people are talking about KuCoin, I just saw yesterday people talking about that.
And as you say, these are big exchanges as well, these are some of the largest exchanges. We had that issue with Binance where the CEO, he stepped down. Now we have a new one.
Yeah, now we have a new one, exactly. like why is it so important for any crypto investor to have a ledger okay so first of all this one is for you by the way one of the things that I want to say if someone gives you a ledger yeah like I'm doing now yeah you always need need to see if it's sealed okay if it's not sealed means that he can do something with the thing inside okay Of course, if you really want to do something here, you're going to seal it and all of the stuff. But you always need to see, is it sealed? Same goes if you're buying it in a shop. You always want to see, is it still sealed?
Because maybe someone put a non-sealed ledger inside of the store and changed the thing. Always see if it's sealed. Or just buy it directly from Ledger itself and send it to your house.
Why is it so important? Very simple. I was talking about the decentralized exchanges. Let's say...
you have your own wallet if it is metamos or if it's a phantom wallet phantom wallet is the wallet from solana um let's say you have a wallet for them the thing is if if i get your laptop right now the only thing that i need to do is just click click click click boom and and i and i can send your funds to myself same goes you have 24 or 12 words that is called your seed phrase so that your end key in the space if someone has your seed phrase from from from your metamask he can just put it into his own um into his own laptop and he can send the funds what this thing is it's a key for your wallet yeah so even though if someone has your seed phrase of your metamask if he wants to do a transaction he still will say risk give me your key you are the one with the key does it mean that this thing is is is uh very very important no i can still hey it's a little device it looks like a usb stick i can still slam on it with a hammer it doesn't matter why because this thing has a seed phrase as well yeah so this seed phrase is the most important one and you need to store it at a very very safe place or just multiple places but a ledger is kind of a key to your funds never ever ever be so stupid to believe that there's a metal mask help desk where they will ask for your seed phrase no one will ever ask for your seed phrase and no one ever needs your seed phrase for any occasion so never share it just put it in the safe put it somewhere safe in a safe country i would say as well very very important one um but but this is the most important one if we're looking at safety in in the blockchain um it it asks a lot at the moment why because of course you are still your own bank in a new market so never ever click on wrong links let me give you just just the the quick blueprint what is the most safe way in my opinion to do it you have a metamask without a ledger yeah yeah just for quick transactions because this is not quick you need to approve everything you have one metamask where you're going to approve quick transactions so if you want to swap something or if you want to buy a meme coin or something you buy them on this one let's say you want to keep them and it is your investment then from this wallet you send them to your cold storage yeah so you send them to this one with this one you never ever click on any links you never ever do anything with this thing you just store your money right here if you want to get rid of this money you send it back to this one again so this one never should see the internet i would say this one can this is called your burner wallet where you're going to do anything with just again don't click sketchy links surprise how many people do yeah i would imagine the sophistication of the scammers within the crypto space is very high yeah like they're so inventive in what they do it's insane yeah and people get done every single day almost yeah but that's the thing so a lot of people make very big money very quickly inside of the space and they so the problem is is is when people get money they think that they are smart as well so some guy in real estate made very big money and he comes up to me yeah I want to learn about crypto and and and and he thinks that that he can do it very quickly because he's already rich yeah Same goes for the crypto space. Many people, they will make their first million and now they think that they are smart. Now they think that they are better than everyone.
They are smart. They know what they are doing. No, you just probably were a degenerate fuck who doesn't know anything why or how he bought it. And that's the thing. A lot of people have a lot of money, but they don't have the brains to just think of these little things.
This thing is, it will maybe cost you around 150 euros. maybe a bit more or less if I'm asking most people how much do you have in inside of the to the crypto space let's say they have 20k and and I will say to them okay buy a ledger no no I want it's not necessary for me it's 150 euros to store your 20k safe they don't want to do it because they think that they are they did they're safe I would say there's a bit they're a bit naive so If you are inside of the crypto space, same goes for you. If you are in certain projects and you don't know anything about the projects, make sure that you take ownership.
Because otherwise you're just in one big gamble. And gambling, in my opinion, and many people have a lot of opinions about gambling, but real gambling isn't what you want to do because at the end of the day you will always lose money. So, especially if you're still inside of projects. One thing that I see happen over and over a lot is people took a big loss so for example you bought holo and now holo is down 80 percent is it is it the case or not he's 80 90. okay okay okay they will say to me yeah no but listen camille i'm i'm not going to sell this because otherwise i will sell it for loss and i'm already down so bad so maybe it goes up one day i always ask them if you get rid of the loss but if you just see it as the money that it is so let's say for example someone went went in with ten thousand dollars and it's now two thousand and and i will ask them okay when do you think the project is going to run again yeah i i don't know okay do you have any project inside of your wallet where you are almost certain of that it's going to pull a 10x they are emotionally so they will always say yes i will say to them okay listen what happens if you put that that 2k what you still have inside of the project that you believe in then it's it's it's it's it's 20k again so even more than than the 10 that you started with inside of a project that you love yeah and that you believe in you see so so many people are so emotionally trapped inside of the trading space and this is with with day trading as well emotions kill you same goes for the crypto space emotion can absolutely kill you and your portfolio so that's something you need to be aware of i would say one thing i was gonna ask you in regards to that is like what would you say makes the most money in in crypto investing or the trading side investing because meme coins are fun but but you need to understand that there isn't a lot of liquidity.
So if you see me post meme coins, you need to understand that that's not where the big money is made. My day starts from 4 a.m. and I work until 12 afternoon. After that, I have a lot of free time.
That's when my shitcoin trading starts. So I day trade most of the time in the morning. And then throughout the day...
I do all of my other stuff and that's when meme coins come. But if I look at the big money, if I look at where I place the big money, it's all in the stuff that I've just mentioned in projects that you really believe in. The most important thing is, is the blockchain, what you are investing in, going to change something?
Is it solving a problem that is necessary for the blockchain? That is an important one. Definitely.
Because that was the main thing in terms of, I've seen recently, a lot of people making some good money from trading. the crypto side and i always thought like maybe is is that where the actual money is that you know the consistent trading of it so the thing is is um especially for swing traders if you are a swing trader the only thing that you should understand is the money flow that i've just explained imagine how easy it is if you know for yourself because the money flow happens in cycles so it happens in a bull market cycle it happens on the smaller time frames as well so this cycle continues every single month so for yourself you just need to understand when you are a swing trader okay btc is here now i need to look for trades right here okay eve is still very very much down or phantom or solana or afax whatever you want it is still down let me look at my strategy if it says that there is a big chance that it's going to bump and that will most of the time be hand in hand with each other and that's that's where that's how i make most of my trade i'm a range trader and i use this as a confluence as well definitely you know in terms of uh the trading side like what sort of routine are you doing with i know you said 4 a.m yeah yeah um but i've seen you you know you're not sleeping sometimes you're really locked in when when do you decide when to lock in like that when to lock in um does it depend on the market no for me so like i said before i i i i don't have the the perfect routine i don't do do do i i don't sell my balls in the morning or anything else i just make a few coffees and i'm done so for me it's very simple i'm i make a list for myself what i want to do throughout the day and um on that list is okay look at the markets and see if there is potential or if there are potential setups i'm very easy sometimes i want to swing trade sometimes i want to day trade i just i'm kind of led by my emotions with that okay but not trading with emotions but just what do i want to do right now because um trading is very very very very boring i think we can agree on this do you really really the day-to-day of it yeah yeah okay being in it is i don't know if it's boring or yeah yeah yeah yeah no no no so so just day trading itself if you have a clear system it should be boring in my opinion um And I'm doing this for quite a while, I would say already. And I know for myself, if I'm going to day trade for a very long time in a row, I will get sick of it.
and that's why for me i just want a healthy combination ship with being a degenerate and more of the smarter trader i would say so it it all depends i would say on how i wake up and of course what of where it is inside of the the stage so what i said for um for example i just got myself a new house here in dubai i i i did it because i know for myself i'm not going to travel anywhere soon because of the market Because I'm so locked in at the moment. You probably saw my stories. I'm every moment of the day just locked in.
For me, I don't like to move to any other place at the moment because I want to continue this. I want to continue this. I want to continue this.
Maybe after half a year, I think, you know what? I'm going to rest for three to four months. So that's how I live. I just want to live by what I feel right now. Exactly.
I like that. What would you say? Would you say that you...
Do you think that everyone... Should be invested in crypto or understand crypto? No, no, no, no, no.
Totally not. So the thing is, for most people, I would say get out of the market. Really?
Yeah. Again, gambling doesn't make money. And if you are not spending time on it, and if you are not investing time in it, I would say, just don't do it.
So yesterday I was talking to a big... big entrepreneur he wanted to start day trading and i asked him why because he was very very busy he said yeah no because i see this i see this i see this i see this he said can you please help me i said no he was very confused that i said no i said listen why would i help you if i know for a fact that you are going to give 50 and my name is on the spot or or on the line he will not put in the effort yeah And he will call me something because he didn't do everything he was capable of. Only jump into this market if you're going to give everything.
If you are good into real estate, don't put 100k into the markets because you want to diversify. I'm a big fan of just one thing. If you made the big money in real estate beforehand, go all in again.
If you made big money into e-commerce... Go away from me. Just buy some new stock.
Improve your ads. Do your thing. Don't do it. If you're big into Forex, same.
If that is your thing, if that is what you like, if that is what you get excited for, go all in on yourself. Not on a shiny market. This market is, I would say, for real degenerates. If you want to be inside of this market, you need to give everything to get everything out of it, to get the results that you see. because the results that you saw from your friend who bought a dog coin and went a few hundred x is the same as sometimes if you're walking through a casino i never went to a casino but i think that it happens is if you walk in into a casino i saw it for movies it's the slot machines yeah someone makes big money on the slot machine doesn't mean that you are going to have the same result right now no it's just one one big there are a thousand meme coins every single day yeah you know and of course one one one person who you know is going to get lucky but that's because you probably know a lot of people not not because he is very smart so i would say it's either all in or nothing would you say that from your experience and maybe networking in the space as well yeah that the crypto traders and investors who make the most money actually have also lost a lot of money to make that money what i always say and you know my you my story is uh in order to make your first million you need to lose your first 100k in order to make your first 10 million you need to lose your first million in order to make your first 100 million i'm not at that stage yet but you need to lose your first 10 million and you need to embrace this fact the crypto space is very degenerate and you will lose a lot of money but you have some people who stop and some people who who continue it's it's did you ever talked about the the the journey of a trader the picture do you know that one no okay so let me let me quickly explain it um in the beginning you will always have luck it's in trading and in the crypto the same special so you will always have a spike of luck Right there is where you fuck up.
So you feel very smart. I went to Dubai the first time. I thought I was the man.
And beginner's luck, it can take a day, it can take a month, and it can take a few months. It's all how lucky you get. And that beginner's luck, you will build something on it. And then you will fall down. And you will fall down below the break even.
stage so you're down a lot that's the point where 99 of the people quit that's the point where people called trading a scam that's the point where people call crypto scam that's why everyone that's why trading in general has a bad name because of the people so most people who are talking bad about trading if you ask them did you ever try it before yeah but i lost it all yeah no sure you were stopping right there yeah and this is the phase where if you continue you accepted the new college for yourself the trading college or the investing college whatever you want to call it and right here you will have a lot of ups and downs so you're still still below the break even level and you will boom up you think that you're in profit you think that you get it boom now you will see okay i didn't put my stop loss right boom new all-time low now you go up again and you've you because you improved that that that little thing now you lose because your position size boom you will lose even more then you are still doing boom boom and it goes a bit better when you are here then you will go eventually to sticking to a real strategy and making the strategy your own so instead of just blindly copying ict or anyone else or range traders or whatever you do or which strategy you buy you make it your own boom now it is your own and you're near the break-even stage you will find out you will fall down a bit because you'll probably sell yourself a bit too high now you're looking at the emotion side boom and that's when you when you pop off and and that's the thing the the um fast money builds ego slow money builds character and that's this whole thing you will build character if you accept all of the losses and all of the fast money that that you see especially here it's just ego and all of the real real rich guys that that you meet out here or anywhere else they will be very nice guys and all of the guys who made their first 100k they will be the cocky ones who with a very big mouth yeah i can imagine and um how is that for you by the way quick quick question on on on the podcast uh do you sometimes have have new traders who who are just just starting out for example made their first money and are inside of that beginner's luck stage and can you spot that very quickly or how is it for you sometimes it depends because with the podcast i try not now that i try not to get beginners on because i have had them on yeah Because it seems kind of hard. Yeah. Because sometimes I want to avoid the beginners only because I don't want to be that thing where it's like it takes the eye off the ball.
Does that make sense? Yeah, yeah, yeah. Like very similar to what you were saying where they just get comfortable then or it becomes a distraction or this content thing. Yeah.
So I try not to disturb them too much. Sometimes they want to come on. Sometimes I've had beginners where they've just had like one or two payouts or withdrawals and they're asking me, let me come on, let me come on. And I'm like, relax, you know what I mean? So there has been times where I have seen it.
I've seen that, okay, you're too eager. You think you've made it. It's too quick.
Yeah, yeah, yeah. You haven't shown much yet or you're just too early in your journey yet. And then unfortunately, a lot of the time they do go silent or they will share that they've sort of taken some losses. Or it's a big eye-opener, of course.
Yeah, but I think that's, like you said, the necessary part of the journey. Yeah. Like, I haven't met anyone yet who has just gone from here to here and that's it.
They just stayed there. And it shouldn't be then. Yeah. Because... that's the thing um what i always say is is in trading you don't have a college you are your own college and you decide how expensive your college is going to be so in this phase every up that you make you pay for that lesson and it's you how many times you want to learn the lesson you can be the guy who who paid um five thousand dollars for an english lesson and be like okay i just got just got the lesson i'm not going to learn anything from it will just do it tomorrow again yeah it's 10k to nothing same goes with trading you can learn okay i just made a very wrong stop but who cares i will do it tomorrow again oh fine but you will pay again for the lesson so you need to see for yourself i i always write them down like okay how how many lessons do i have you know that I have one lesson that cost me multiple millions.
I know for a fact, holy shit, I had a very expensive college. So it should be good. Definitely.
Talking of which, I was going to ask you, have you had anything since? Have you had any sort of crazy losses or wins that have happened since our last pod? Not losses, to be honest.
uh yeah no but but but they will come probably probably uh because always i am in some coins and you will never ever know um if a coin that you are invested in yeah or yeah i would but the thing is i was so early on in this project so i was in a project since uh around 1.60 it went all up to 12k and that's 12 dollars yeah but I didn't take profits and it went down to almost four ish so the unrealized gains yeah so so that's a loss I would say because it was stupid for me that I didn't take profits but not a big loss and if I look at the one that I've just mentioned the Toshi for example that it to more more than 200 X it's the market it's the again we are in a stage where it's hard to lose money because everything goes up yeah so i can say right right now that i'm very smart and all the things the market goes up most of the things that you've bought uh half a year ago are up even though it was a shitty project so uh i would say one of the reasons why i'm doing so good is because of the market as well because i was uh saying on the podcast half a half year ago just buy yeah so that's the thing Yeah, that's true. Do you feel like it's more the losses come, especially people in your position, normally when a top starts to form and therefore you may be trading at the time? Is it more so unrealized, like we just said?
It's more so less so losses out of pocket, more so losses that are from the profit that was there on the table that you didn't take? Yeah. So what I would say is this is my third cycle. And the first cycle, you lose money.
second cycle you'd learn and the third cycle you make money mm-hmm so now is the time yeah yeah yeah so so right here I made multiple millions but I lost them very very quickly as well made it back inside of the this space and now what I made back is growing even more and that's the patience that finally gets paid off I would say and it's so these are are the different colleges so primary school high school university or or the real job yeah no yeah do you know in terms of um targets though so like a similar one there you like had a coin very early on 120 it's gone to 12 yeah um like how do you go about taking profits do you have like a set strategy for that mindset very good one um so the one that i was talking about the problem there was it was in uncharted territory so most coins that are most coins are still in charter territory so you can still easily take profits if you look at the important levels i'm a range trader so i take way different profits probably than than than than other traders beyond the charter theories or we're going to look at uncharted territory um in my opinion there's just one thing that you can do one use common sense um many people use fibonacci tools and everything i don't use it i'm very honest about this um i'm way more fan of comparing market caps to other ones do that that did similar things so i will compare a good layer one for example to a layer one that i think uh so for me a good layer one at the moment for example phantom and is still down a lot i can compare it to other layer ones that are doing way better at the moment but i know their technology is better than theirs so at one day easily it can hit the market cap from the the the the worst one i would say so that is a realistic target for myself and in this way i i always set my targets i would say so so if phantom goes in uncharted territory still this one has a higher market cap and i can see okay what did this coin do when it reached this market cap or when it's reached this market cap same goes for uh meme coins do you look at percentage or do you look at dollar amount no no dollar amount yeah so market cap amount i would say yeah yeah um So the thing as well, you can do this with... Also, would you say you focus more so on, okay, this market cap for Fantom should replicate this one? Yeah. So you're not bothered about what the price would be at that market cap?
It's more like, okay, the market cap's reached there now? Yeah. Yeah. Okay. For me, it's a better indication.
Yeah. Because that's what it's worth. But you can do this with meme coins as well. So I knew for a fact, okay, Pepe was the coin that did so many X.
I went inside of the most AliExpress coin afterwards people and and I know for a fact okay it's not going to Win from pepper so it's not going 10% of this market cap would already be high yeah, and that's why I took profits And that's why I took profits on 40x and that's when it went down massively So and that was literally just common sense I would say it is not not normal that a AliExpress version does way more way more than then the other one and and uh yeah the most important thing is just just don't be emotional so what i did for for example one of the mistakes that i made it during the solana hype i was quite late on the solana meme coins still harvest money from it but i was late why because i was still kind of stick to the ethereum uh idea because of the previous bull run so i was buying ethereum nfts i was buying the things on ethereum solana went hard uh so what what do i know okay just flow like water doesn't work maybe later not not the moment move on to this one yes And that's, I would say, key in this game. And those are all the lessons that I've learned in the past cycles. That's what I would say. If this is your first cycle, accept it.
Yes, maybe on paper you are going to get very rich. And I hope that your beginner's luck is going to take a while. But at the end of the day, accept that there is a point where you can lose it all.
Accept it, embrace it, learn from it, move on to the next cycle. It's just, yeah, like I said, primary school, high school, you need to make a transition. Yes.
The interesting thing is, this is why I do the podcast in the first place, and I'm trying to tap into everyone, not just Forex, but like options, crypto, futures, you name it, anything. Thank you. I still remember that the only one I've ever had was really back in the day.
One of the original, just the USB stick, didn't really even have a screen. Yeah, yeah, yeah. And it only had like Bitcoin, Ethereum. Yeah, but it's not touchscreen, so it's still with buttons. Yeah, yeah.
Yeah. But it had only the top four. no no which one's that yeah but yeah no but you can add them all so so you can just call me and i will give you a mentorship lesson now but but tell me you were doing the the this this podcast for basically for that same reason though to be able to highlight um you know the journey right so people can have a realistic expectation yeah because i know when i first got into crypto it's very unrealistic it was uh not the last cycle the cycle before yeah and it was when xrp was pumping Funnily enough, because I was going to ask you about this anyway, but it was pumping. It was like, it was pumping from like the 10 cents, 20 cents mark to like 80, 90. I got in originally at like $1. Saw it go up more.
I was like, okay, put more in. I think the highest amount I put in was like, I think like 2 point something. And they just dumped after that.
And I remember the person I was following at the time just thought, oh, this is a retracement, probably come to 61.8 and then keep going, right? And it's not their fault. That's not to say they were bad. They were just... that's what they thought yeah but then then we turned into bear run and that's the thing so let's say we we take xrp and we go back to the drawing part and we just look at the the blockchain dilemma again is it scalable yes is it uh is it secure yes is it decentralized no that's the missing part and that's the thing why i don't invest in that coin i want to invest in coins and i want my money to be stored in coins that are closest to the goal of the blockchain because that's where the money is and in my opinion the rest is all just just side work where you can make money but it shouldn't be the end destination yeah that's it for me you know xrp is like this huge like for me when i look at xrp it's like everyone knows about this coin everyone heard about it everyone was told this is the bank coin this is the one that is 489 or 589 dollars you know i mean like all the banks are going to use it bank coins what do you not want inside of the crypto space exactly you are talking to a degenerate guys i have a crypto watch on my watch it says btc i'm at that level of degeneracy okay so so if we're looking at banks the b doesn't stand for banks i hate banks so so for me um that's not my preferable project i would say of course no of course i just find it so interesting because it's like last bull run they didn't even go to all-time high no they've had this case everyone's pegging everything on this case yeah fingers crossed whatever um i left it a while ago as well yeah because my mindset was literally like this like the banks was one thing yeah but then my mindset was literally everyone knows about this coin yeah So like why?
That's maybe a poor logic? Yeah, no, no, no. So if we are looking at an investment, and an investment basically needs three things in my opinion, of course, many people will see it differently.
See it like a chair with three legs. And one leg of the chair is technical analysis. So what happens on the charts, then we have the other one that is fundamental analysis what happens inside of the company or coin so who is the founder what are the numbers what are the tokenomics for example all of the things then we have sentimental analysis and that is what are people saying about the coin how's the marketing going and all of the things let's say for example the the team is great The technicals look great, but the marketing is just very shit and everyone hates the coin. Is it going to be up? No.
Same goes, so if you will sit down on the chair, the chair will fall because we only have two legs. Same goes, let's say for example, sentimentals look good, fundamentals look good, but the chart just tells you, listen, we are at the top. It is very overextended.
What will happen? Chair will fall. Same goes, chart looks good, sentimental looks good, but we have a Ponzi scheme runner who is the founder. what will happen the chair will fall and if i'm doing an investment i need this chair i want to sit down and analyze and if i cannot sit down on the chair it is not my my coin i respect that no i respect that a lot what would you say is your best advice then to people now you've given a lot to be fair and i think a lot of people are going to find it very very helpful um especially because as i said a lot of people in my position or are looking into getting into to the crypto space especially with all the noise and for if they hopefully take the notes like you said at the very beginning yeah hopefully they'll have a much better time in this cycle or what's to come and then future cycles as well because that's the beauty of it what do you where do you see the crypto space eventually going do you see it sort of maturing in in the sense of like the market cycles maturing getting extended longer less volatile so for me a long period of time i i just always played level to level and and and for now so so a lot of people at the moment are coming up with ridiculous targets again well if you ask them why they cannot even give one one one good argument um so for me i just want to see what kind of reaction we get right now from btc so btc for me again range trading it is at the top range it is at the range high we broke out but we deviated back in so the question is what will the reaction be from the deviation if it comes back to the range high as a retest, I will just treat it as a normal day trade and I will short the fuck out of it.
So for me, at the end of the day, I will always say to myself, I will look the same at the daily chart as if I'm looking at the 15 minutes chart. And that's something not a lot of people will do. And this is why I would say I'm doing pretty well in investing, is because I can say very easily, would I wait with this investment for a week or two weeks?
because then i have more clarity of where it is inside of the range than just entering it right now i will always ask myself if this is on the 15 minutes would i wait one hour for it to unfold and i know okay now i have more confidence to go in yes or no at the end of the day i'm not here to lose money but to win money and uh that's that that's how by the way guys i get so we had a real last time and that that went viral with more than five million uh views Guys, my blinking, yeah, I blink a lot. I'm not sick or something, it's just a tick, okay? So I don't feel it.
Some people were texting me like, I can help you, none of that. I don't feel it. I don't know how many times, I think I'm doing it a few thousand times in a second, but I don't feel it.
So let me just get that clear. One thing I was going to say to you is, last time you told us about Phantom. Yeah. what do you want to leave us with this time oh um that's a good one i think i might stick to phantom yeah yeah because i can say some new flashy coin right now um but it's not what i'm i'm so so my main confluence if i look at phantom it's still down very very hard or not very hard okay uh so so what was the last the all-time high price all-time high price was around three dollars yeah and it's now around one dollar or one dollar twenty so uh but but like i said the last time when when i mentioned it on the podcast was around 20 cents so uh so what was the thing though so you said the like phantom and then the com the compa comparison who is the comparison uh yeah i would say if if we're looking at afox or just bigger layer ones but they're but they're not at the space of of ethereum or solana that for now is realistic and then maybe in the next cycle the other one but again if i'm looking at phantom uh for the people um let's say you you stick one one thousand dollar in phantom and it goes to three dollars that isn't life-changing money and that isn't money why people would enter this market so let me give you just one one thing and that is of course the decentralized exchange of phantom because that's where the real money is if phantom goes hard the decentralized exchange of phantom will go 10 times harder so it's like uh futures i would say on the Just on my own terms.
I know some exchanges have their own coins, right? Yeah. Does Fantom have their own as well? Yeah, yeah, yeah.
So FTM is the coin. Yeah. I hate exchanges, so I would never ever invest. I will only short exchange coins.
Really? I will only short exchange. I don't believe in any exchanges, really. So, so... That's why we got this.
Exactly, exactly. Yeah. We need to get you a sponsorship with Ledger. the safest one yeah i said to myself i will never ever cooperate with anyone in in this space why because it's it is still sketchy so i will i won't cooperate with with with exchanges or projects even though i like phantom if they reached out to me let's let's do something i won't do it just because you will never ever know who puts their money inside of your words So even for these guys, never ever invest now, invent them because you think, Camille, he's such a smart guy. Do your due diligence and learn about the coin first before you're going to invest.
Definitely. I mean, literally, as you said earlier, the best advice, learn it all. Base it off your own knowledge, own your knowledge and take it from there. but there's been absolutely incredible podcast i really really enjoyed it i think a lot of people are going to take away a lot of things from this as well there's one one more thing 100 that i quickly want to mention and that is in the book that i've read the life of a ceo i think it was where where he says that um i don't care what you right now want to accomplish in your entrepreneurial journal or journey or or trading journey um it all comes down to a few buckets you have the knowledge bucket And you need to build knowledge to eventually build a skill.
And skill is the second bucket. And so to fill up the bucket of the skill, you first need knowledge. When you have the skill, you build a network.
So then you can, when you have a very good skill and you're doing it, let's say, for example, more than one and a half years and you're better than average, then you can build a network. And with that network, at the end of the day, you need to network, network, network. Then you build up resources. and with that resources you will come to the end destination and that's the the perfect life i would say so at the end of the day it all starts with bucket one and that is knowledge and that should be your main focus you you can go to all of the network events and you can network with all of the people but if you don't have something interesting to tell no one wants to talk to you because you first need to skill to talk to them and you need to be interesting for them and that comes down to knowledge so start with the knowledge start with building start with with in the forex space Start with baby pips or anything else, just a free course.
Start, see if you like it and build it up. That's what I want to say. I love that.
I love that. Thank you. And everyone at home, drop a comment with your thoughts as well.
Like I said, from the entire episode and what Camille just said there, the links for Camille will be in the description below. So make sure you check him out. Let us know if you want to see him again. We've already done this our second time.
We should probably do a roundtable. I do want to do that. Yeah. Crypto roundtable. Get some of your ops.
People that you don't like. on the XRP lover that's it everyone check out the other episodes here the last episode with Camille I'll put that on screen here as well so make sure you check that out and hit subscribe until next time take care