In it you may find some helpful advice about Chip’s philosophies regarding altcoins (sometimes “alt coins”). Just one of the points in that post reads, “I don’t do crypto like everyone else, I am trying to use the bots to project the future and get ahead of those that are ahead of the normies out there. ๐๐คฃ“
There is a lot more in that post, especially in the context of previous posts from recent months. Chip offers some helpful insights for investors (not traders), so consider taking the next step and emailing us to get more information about the VIP members area subscription level. Click here to get started.
The video on this page is Chip Smith’s most recent podcast video (also found on the YouTube channel here) about cryptocurrency, the stock market and more.
If you like his thoughts at the time and how they played out in the ensuing weeks then you are welcome to contact us (click here) to get more information on the benefits and subscription levels to Chipโs Chatterbot private newsletter and VIP membersโ area where you can ask questions, leave comments and get answers from Chip & others in the VIP community.
The two embedded YouTube videos (also found on the YouTube channel here) feature Chipโs thoughts from this week on several topics pertaining to the crypto space. He talks about recent successes by some of the Chatterbot VIP private area’s members, goes into topics about mentality and renting coins, and he gives several additional useful tips and insights not covered by many crypto investment newsletters.
If you like his thoughts at the time and how they played out in the ensuing weeks then you are welcome to contact us (click here) to get more information on the benefits and subscription levels to Chipโs Chatterbot private newsletter and VIP membersโ area where you can ask questions, leave comments and get answers from Chip & others in the VIP community.
Here are the two videos (parts 1 and 2) of Chipโs August 11 2021 podcast:
The two embedded YouTube videos (also found on the YouTube channel here) feature Chip’s thoughts at the time on the crypto space. He covers previous sell-offs/retracements in BitCoin going back over a decade and gives several useful tips and insights not covered by many crypto investment newsletters.
If you like his thoughts at the time and how they played out in the ensuing weeks then you are welcome to contact us (click here) to get more information on the benefits and subscription levels to Chip’s Chatterbot private newsletter and VIP members’ area where you can ask questions, leave comments and get answers from Chip & others in the VIP community.
Here are the two videos (parts 1 and 2) of Chip’s June 26, 2021 podcast:
Earlier this week, Chip from the Chatterbot crypto investing newsletter posted a lengthy set of helpful tips on his public blog. This information is not inside the private VIP members’ area, so we have received permission to repost it for you to read and consider implementing.
8 Big Crypto mistakes you are making, and how to AVOID Them And Get Rich In The Process!!?
Today is the 5th of AUGUST, and crypto is down a little from the massive run up and While I see so many blowing up their accounts, I can tell you truly……. many of our clients are thriving because of 8 reasons. I want to go into them today for you. Because is making some people rich! Now I am not guaranteeing you read a few lines of text here and you get to quit your job, and buy an island somewhere and you get to sip on coconut cocktials for until the end of your days. What I am saying here, is most people do crypto all wrong, and wonder why they are losing money, and I am here teo help you fix that.l
The main mistakes are not having a plan or an emergency fund
She revealed you need to do your research and not be led by trends with crypto and just jumping in the latest fad or trend. Following the herd is the fastest way to lose money in crypto!
Im going to share 8 secrets with you below!
1. Not having a plan
The number one error people make when they start to invest is they don’t have a plan.
‘Not having a plan is a bit like driving a car when you don’t have a clear direction of where you want to go,’
‘Most people don’t just jump in their cars for the sake of driving. In my opinion, it should be the same with our finances as well.’
When we started investing in 2000, we had the goal of saving $100,000 to go towards their first apartment deposit.
When they achieved this in three years, they didn’t know where to go from there.
‘Then, we discovered financial freedom,’
‘This is the idea that if you have enough money saved and invested, you would be able to live comfortably off your investments without having to work.’
We now made this a new financial goal, and she said it means their investing is a ‘lot more meaningful’.
2. Not having an emergency fund
The second mistake people make when investing is not having an emergency fund.
There is this real importance of having an emergency fund in March 2020, when the coronavirus pandemic hit and lots of her colleagues were made redundant from their marketing jobs.
For some people, this is three months’ worth of their salary, while others like to focus on saving a specific figure – like $5,000 or $8,000.
While you need to have some emergency money on hand at all times, realize it’s also vitally important to keep some cash back so it’s ready to invest
And while we dont recommend you put in thousands at the start, realize the more money you invest, the more you can make back.
3. Not having some cash on hand ready to invest
While you need to have some emergency money on hand at all times, it’s also vitally important to keep some cash back so it’s ready to invest.
We all have bills, ;but we usually invest when the market takes a tumble or when we log in and see coins that are very unloved and called scams…
‘That’s when I realized the importance of having some cash on hand ready to invest when a good opportunity comes up!! I remember people talking about BUY WHEN THERE IS BLOOD ON THE STREET, and while people invest the wrong way around, we have made huge profits from just buying unloved coins, and assets. Its the best time to be buying, when others are panicking or getting out of the market.
4. Investing because of the hype
From Bitcoin to Ethereum and other alt coins like RABBITCOIN…..[we dont recomment this one by the way], every day it seems like there is another stock or cryptocurrency that is dominating the headlines.
Please be careful of this….
You must realize, that you should never just invest in something because there is lots of hype around it, because that generally means everyone already knows about it and it has reached its peak.
‘When I hear people talking about a particular stock or crypto rising really quickly, I get really wary of that particular investment,
You should always do your research before you invest. Just because some influencer is in a coin, and getting paid a huge fee to pump that asset or coin it does not mean it will do well and survive in the long term.
We even think we have found the next bitcoin, or the next up and coming coin that if you jump in now, it could change your life forever. Now I know you are thinking, here we go, this is another scam, no, we have members around the world quitting their jobs from our newsletter because you are not going to get our information anywhere else. That is something you can bank on.
Pick The right one, and At minimum you will kill it, and change your life and your families financial future. So I can see why in the future people are going to talk about this,and study this. But as we said, its early days, and we are giving our members lots of options! To put their best feet forward … > HERE! <
5. Comparing yourself to other investors
You should never compare yourself to your friends, family or those you see online,
This is principally because people only discuss their successes.
‘Be mindful of what you see on social media, as sure, someone may have made money on something, but that doesn’t mean you should invest in it
‘This is probably because they invested earlier, when it was a better opportunity.’
She also said you should remember that a 10 per cent return is a good annual return.
Even American business magnate Warren Buffet only operates at a 20 per cent return.
You absolutely must be patient when you invest, and you can’t expect to see results overnight. I am still yet to see anyone get rich in a week from all this, so come into this with very sensible and realistic goals and dreams.
As soon as greed comes into this, watch how KARMA will come along and knock you the HELL out, so just be mindful of all this, and be grateful for the opportunities, when they arise.
6. Not being patient
There is a famous quote that says you should only invest in something if you’re willing to hold it if the market shut down for 5 years, and we agrees with this whole-heartedly.
stock market or crypto has an average positive return, but not every year is positive.
‘When you are a long-term investor, you should be investing for the long term, and you shouldn’t really be bothered about what’s happening in the short term.
Long-term investment is anything that is five, 8 – 11 yrs.
7. Being too emotional
Getting emotional with anything to do with money is a bad idea, you shouldn’t think of things as ‘good’ or ‘bad’ investments.
‘At the end of the day, CRYPTO will do crazy ass things, even while you are sleeping, the market can tank by 40 % and then by the time you wake its back up 50%. So take all this into account. The market will always return back down to its fundamental value, and not many poeple expect this, they just want to get rich and buy a lambo and fake tits for their wife. ๐
There is therefore no point getting emotional about it. Just accept that most people do not invest and never get ahead in life, and so you are wayyyyy ahead of these people. I once heard the saying, do not invest emotional, realize poor people spend like they are rich and never invest, and always talk about how broke they are. RICH people spend like they are broke, and use lots of their wealth to INVEST without ever stopping and that is how they make even more money and get even more ahead in life.
Doing this can make you wealthier than you have ever dreams, and do not tell yourself its TOO LATE. Its never too late to start investing!!!
8. Not doing research
Finally, never invest in something without doing your research.
‘If you want to become better investors, you should spend some time reading books and learning how to become a better investor,’
In particular, she likes Rule #1 by Phil Town and One Up on Wall Street by Peter Lynch.
Another good book is TRADING for a living by Dr Alexander!
Through listening to audiobooks, you can quickly learn investing is the key to generating a passive income to work towards achieving financial flexibility and freedom.
STOP living from pay cheque to pay cheque and earning only $400 per week. Get a really good job and invest 50% of your money into fast moving assets!!! its the best advice on making money at your job and a second income stream, your investments.
‘When I was 19 and moved out of home I had no savings and working only covered the bare minimum, so I decided to take a chance to drop out of university – thankfully it paid off,’ and I am a milloinaire. Its been a crazy ride but I started with nothing and took my own advice.
The impressive net worth is calculated by the total number of assets, minus any debt.
You can build nice asset streams too, as you go along. Even with small amounts, you can get assets including property value, stock and cryptocurrency portfolio, offset account, savings and superannuation. The home loan debt is the only liability.
One of my clients invests $3,000 each month to maintain a balance and usually try to track the market before buying, and his portfolio is now over $533,000 USD. He told me things add up fast, and its been a crazy ride for him. But he consistently always invested money each month, and never missed a month without fail. Sure there was a few small losers, but his winners did well, and cancelled out his loser and he has enough money to retire.
There is power what you read in here…. If you like this then,……
One helpful takeaway (aka a “Chip Tip”) of many from his posts and comments/replies to the Chatterbot VIP members is the daily watching/listening to various suggested meditations. In recent weeks he suggested four specific videos to which he listens consistently to take action and set his universe for wealth and abundance with the right energy.
Chip’s suggested powerful videos received great feedback from the VIP members who commented/replied, and you may find them to be just as powerful and helpful with your cryptocurrency, blockchain, and other wealth-generating investment pursuits.
Chip also posted a Tweet yesterday (under his Litecoin_bull handle on Twitter) explaining his background:
people think I've been given money or win the lottery.
News flash. No!
In 2007 I lost everything! I had to lose it all to get it back! Life is good. I thank god!
The motto of my story! Chase your dreams, & Never Give Up!
Iโm proud of where I came from and where I am now!
— ลitecoin Bull | The News Before The News! (@litecoin_bull) August 4, 2021
In the VIP members’ area post archives he goes into some of the ways he transformed himself to the point where today he can add value to cryptocurrency and blockchain asset investors around the world.
In the Chatterbot cryptocurrency and blockchain investment newsletter private VIP membership area today (August 4, 2021 – United States ET), Chip posted a great example of an upside breakout on the charts of a coin he has recommended for weeks. In addition to giving his members extra confirmation that the buy-and-hold (HODL) approach he gave some great lessons about not stampeding in to chase the coin now that it “broke out” of a chart pattern to its highest price in several weeks.
All of this was in the main lesson.
The extra “value” he offered in the comments/replies section on today’s post, however, is where some real benefit can be learned. This “Chip Tip” (!!) is his suggestions for when to wait to enter a new long position, or add to an existing position, for long-term gains if you believe that the coin has the potential to climb higher in the time period for which you are comfortable.
As always, nothing on this website (or tied to it like a YouTube channel or social media) – nor anything associated with Chip and/or Chatterbot – is to be deemed financial advice. You are 100% responsible for your decisions and any losses or risks associated, so always seek competent financial advice before you make any financial decisions.
Should you decide to get a membership to Chip’s newsletter (click here) and participate in the Chatterbot community, you just may find that the August 4, 2021 post’s comments/replies section is just as valuable as the main content that Chip posted. This tends to be true for most of the posts he makes each week.
If you are still considering joining the newsletter then see the recent testimonials and how others benefited from the content which Chip and his team have provided for years. You may go here to see those reviews. At this time his newsletter has different tiers based on length of subscription – so contact us to get more information about the private crypto/blockchain newsletter membership.
This post is re-using Chip’s post (June 8, 2021) on his public Wix site, with his permission. Hopefully you find much of it still relevant and useful!
Good morning!
Well, I can say a big welcome to the new members and welcome to the future. I love posting these updates, and we have members from all around the globe that are reading this, and they know that something MAGICAL is happening, and we are the only ones in the world that are doing what is called blockchain linguistics, and with a few clicks of a button, we give you things with a magical touch, with a magical beam wand, and even though CORONA virus still lagging on, it is the biggest scam known to man, we had 2 of our members QUIT their jobs, and RETIRE while everyone else was on the sidelines, and broke, down and depressed.
There is power what you read in here…. but first….
You can watch our FREE WEBINAR HERE!!!
Once you find out many of our magical secrets it becomes quite addictive.
Stay with me here, because my friends because I see so many people making BIG…BIG mistakes in the crypto landscape. Its pretty sad. People are throwing in all their rent money and grocery money after we told them not too, and now they are wondering why life has crap the bedpan!!! ๐ญ๐ฟ But we want to talk about GOLDMAN Sachs today!!! yes….. those old cronies…..
1) The big guys do not want you to know crypto is just in the very 1st innings. Its hardly been born.
2) Dont think you have to have $800,000 dollars to do well in crypto. You can start small with $1000 – $2000 usd. And work your way up.
3) Keep a record and inventory of your crypto finances & investments
4) Do not day trade, get involved with holding or HODLING coins as the term says
5) Be sure to cut your day to day living expenses down. So save more, so you can invest more. This really helped him.
6) Create other weekly passive income from odd jobs, hobbies, or helping others.
7) Be comfortable living outside your comfort zone, and try new things.
8) When you spend money, spend money reward yourself but dont go overboard.
9) Money should not motivate you, when you die it does not go with you. DO NOT GET GREEDY!
10) Value you life, loved ones, and try to be happy no matter what the crypto markets does.
11) My friend noticed Inflation is now creeping in, and has Moved to a more quiet area with their family, where it costs much less per week to live.
12) Exercise more, travel more and try to have a more optimistic view on life. This is important because if you are more positive persons, it will attract more luck and more things in your life to be more positive about.
While some people are reading this and having their mind blown right now, you must understand, in this life, no matter what people say about you, or claim to label you, you deserve two things as you walk the earth…..
What are these 2 things we talk about?
1) FINANCIAL FREEDOM
and
2) THE TRUTH!
These are your birthrights, as a living soul on this earth…. and this is what the government has taken from you, and blockchain is going to give it all back!!!!! That is right. Power to the people. People do not understand what is coming, and we are just here to warn them.
Some people in the future will not need a job, because of the things we bring to you on this newsletter! A new way to think, a new way to learn, a new way to do things. If you are starting to warm to these ideas, you will start to realize, we are on the cusp of the 4th industrial revolution boom that has never been seen before. IT WILL BE HUGE!!!. And you chose to live through this era, and you get to chose to be a general of the army, or just another solider in the trenches!
GOLDMAN SACHS BUSTED AGAIN! – ๐๐
lets put the headline up.
Investment analysts from Goldman Sachs, the big investment bank, came out with a new statement about Bitcoin This week. So, what did they say, and what does it mean???
Wellll!…. now we have the bitcoin nuts, and everyone in between wringing their hands and gnashing their teeth and saying ” oh oh…. goldman sachs are putting more FUD and uncertainty out there in the markets!! “
No! as a crypto analyst let me explain to you EXACTLY what is happening here.
Let me explain what is going on and WHY?
Goldman has to say things like this!!
GOLDMAN sachs is a very old and elite company and very corrupt.
They do what they have to do. So the reason you are seeing this information come out and put into mainstream media is because there is an agenda here.
WHAT IS THAT I HEAR YOU ASK!?
Well, Goldman is part of the OLD legacy system of our financial system which has served us for many years!! Yes we are talking almost a century.
I know this will piss a lot of people off, but let me clear up a few things for you today.
Goldman was given the privilege and the responsibility of helping Shepard the legacy financial system for the past 100 years. OK!?
They have done a big job. They have done what they needed to do. They have fulfilled their obligations in their responsibilities so do not think of goldman sachs in terms of good or bad. Think of goldman sachs as a cog in the wheel of the system. And officials have to do what they have to do.
Sure I think they are BAD, but I will save that speech for another day!!! ๐ I am merely a mortal messenger and telling you what is going on, so you understand the situation a bit better.
So right now ,we have bitcoin and cryptocurrencies crashing and selling off, actually they are selling off pretty hard if you ask me. It is not the time or place for officials from goldman sachs to fully endorse bitcoin and trash the old financial system which they belong to. You wouldn’t want that. The responsibility and the obligations of the goldman sachs right now, is keep the transition TO THE NEXT FINANCIAL SYSTEM as orderly and smooth as possible.
THIS HAS NOTHING TO DO WITH THE BITCOIN PRICES CRASHING at the moment on your charts.
YES! I will tell you why?
We are in the transition to the new system a “financial system” which is going to be based around distributed ledger technology. I can tell you its going to be big, and its going to be bitcoin as the worlds store of value. Its going to be cryptocurrencies on an exchange and used for daily transactions worldwide. Its all coming, and there is nothing that you can I can do to stop that! GOLDMAN Also knows about it, and is investing in it, as you read this ! YES!
What goldman is doing or saying has no bearing on the future of blockchain and blockchain technology. They know its the next internet. What goldman has to do right now, is maintain the orderly transition to the new system. If goldman sachs came out tonight and their officials said “WELL THE OLD SYSTEM IS BROKEN WERE GOING TO HAVE HYPERINFLATION WE GOING TO SEE THE PLUNGE IN THE US DOLLAR, PREPARE”…….
Errrrr……..
Lets stop there!!….. I can assure you, THEY cannot say any of that, if that happens, the lives of so many people would be changed so drastically, in a heartbeat, and even people that held bitcoin probably would not like the results! It would ruin people, and send people panicking to the bank to get their money out !!! Goldman do not want this, and the government officials as well.
So….. Yes!!! They came out and said this today… “Goldman Sachs Survey: Chief Investment Officers Say Bitcoin Is Their Least Favorite Investment!”
Hey! at least they are acknowledging that bitcoin is an investment. ๐๐๐ So step by step…. this is going to take time. And the legacy system has to play itself out to the very end, which is what you are witnessing .
This is like TWO TRAINS going down the track. ….
You dont want to derail one train until the other train is fully loaded and left the station!!! Think of it like this!!!
Sure I dont like GOLDMAN one bit! But my opinions do not pay the bills. I have done very well in crypto the last several years. But what they are doing is not what people think the are doing. , and I am exposing that for you today. But you need to know they have a very evil agenda. Oh and they dont want you to get rich from crypto as well, just like the banks.
A few of our members say the banks are banning CRYPTO purchases …..and putting hold on credit cards if they find you doing that…. I wonder why that is?!!!! …. as I said before, the old systems are dying….and going to be replaced with some SUPER DUPER futuristic technologies. Banks are dying a slow death! …. and YES! they KNOW IT!!! ๐โ โฐโฑ They are trying to slow down the process thats all!!!!! ๐๐คฃ๐คฃ Errr! good luck with that!!!
These people are just doing their job, and just like I said, their job is to keep the current system afloat for as long as possible….
So as you are reading this, it might make you feel a big more positive going forward even though the crypto charts right now are selling off and bleeding hard!!!
One day in the future, you will not worry about what Goldman sachs is screaming down the camera or emails out to their clients TRUST ME!! ๐
No wonder our newsletter has gone viral this year, PEOPLE are craving for the TRUTH and we giving that to them. ๐
I know that some things in this article might not surprise you, and some things will, but in the end, I am one of those crusaders of truth, and our members know that once you have the veil lifted from you eyes, and you know the real truth to what is gong on out there, things sudden become clear, and you realize you have been stuck like a prisoner in your 9 to 5 job, and you have been working your whole life as a slave to these “so called” banks!
Its terrible right!? and I am sure you are thinking there must be more to life!!
You just keep making these rich, greedy fat pigs even more wealthy while being stuck on the damn hamster wheel?
Does this sound familiar to you? yes?
You do realize that it does not have to be this way!? But first you have to put your hand up and say….. “YES!…. IM READY!”
Is that you!, …. ?????
Dig deep, and just sit quietly for a minute and ask yourself ARE YOU SICK OF YOUR LIFE and YOU CURRENT situation?
Do you want to change that?
DONT YOU THINK ITS TIME!!!! ๐ค๐ค Do you want your LUCK to start changing? You dont have to take my word for it. But if I were you, and you wanted to get into the whole crypto thing, you should always use money you can afford to lose in this space. Otherwise you will be living down by the creek in your car sipping on ramen noodles for the next few decades!!! ๐ OUCH!!! ๐ต
Crypto vs worldโs economy
In the next two years, this is just the start, more growth and adoption is coming in the digital currency financial system. This includes the long-planned Chinese digital yuan, and other countries. Its not just all talk!!!!
Instead of reading last weeks news, you now know what is coming, how it affects you and what you can do about it. You can be 17 steps ahead of others, and take action, and even make a few shekels form this new found knowledge of yours!!!
As the old economic guard wrestles with the unstoppable crypto-upstarts, social protest and unrest will likely erupt among fragile economies, and now you know!!!!
We have many new students with us learning more and more each day. My clients are from all walks of life and all sorts of backgrounds. As we said, INFORMATION is power, with great power comes great life changing experiences.
Be 17 steps ahead of other investors , and REAP HUGE REWARDS!
