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DATE: May 22, 2021 – “Crypto Psychic – crypto crash what happen?”

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ARCHIVED PODCAST EMBED:

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TRANSCRIPT:

Hey guys, what’s up chip here, welcome to the Chatbot newsletter podcast radio series. I’m your host, Chip Smith. From Australia, we do what’s called apps and apps, we set those apps in the blockchain. And we spread out across the internet looking for popular chatter, to predict, or maybe hidden future events coming with high accuracy. As a member of the shadow board, and the admin, it’s been a fantastic year, guys, we’ve had a lot of fun, a lot of clients. As you know, we’ve, we’ve basically put out some of our big predictions in the last few weeks, a lot of our members are quitting their jobs. And, you know, when I started all this, I didn’t really it was quite interesting to see what’s been happening. And I’m quite shocked, actually. But you know, it takes a lot for me to get, you know, quite excited. But for me personally, I’m, I feel I have a job to I feel I have a gift. And there’s no shame hiding that gift and sharing that with the world. So if you’re listening to this right now, we do have a what’s called a chatbot newsletter, we do, basically all things to do with crypto blockchain Bitcoin. And we basically give you a news item, you know, probably four or five times a week. And that’s been going really well. So the link for that is below if you do wish to join us, that’s great. If you don’t, hey, you know, that’s the lokay. We love pumping out stuff, you guys, lots of content that we’ve been putting out very accurate. And I’m not here to, you know, show off my wheel or, you know, be one of those chauvinistic idiots. I’m just here to spread the word love, because I do believe in this crypto world we are in in it together. There’s a lot of things happening. So I want to touch on that in a minute. But you know, I’m basically just doing my job, and I want to, you know, share the love. And I’m very well in the crypto space in the investment world, in the business world. And people need to realize that I don’t need to be really doing this, but I have to be because, you know, sitting at home, drinking beer and watching TV is not really not really my forte. And so I’ve always understood that, you know, if you have something and it needs to be shared, then share it. We love you guys. Thank you for all the kind words and thank you for all we’ve actually received some gifts lately with our loyal members. And I’m just flipping through them here. It’s just crazy. So you guys know who you are. I won’t mention any names. But, you know, we actually received a bottle of very expensive wine. And that was very, very interesting. And we’ll be enjoying that in the coming times. All right, yeah. Today, it’s quite cold here in Australia, the East Coast. And I wanted to just to say to you guys with the you know, with winter coming, I think that sort of leads us into the summertime are around the other side of the world. So interesting to see what crypto what things happen in crypto right now we’re down quite huge. If I check the chart here, I’ll just have a look. And we see that a bitcoin is currently at 37,000. So we’ve seen quite a dramatic dip from you know, that 50,000 region. And um, it’s going to be interesting to see as we go into sort of the June July issue area, what’s going to happen? What I want to cover today is I want to just talk a little bit about what’s happening with Elon Musk thing, because a lot of people have been asking me, I do believe that Elon Musk is just you know, a puppet. He has all these big guys, I really think he’s manipulating the price of Bitcoin and crypto is you know, more illuminated friends, let’s call them can get crypto to cheaper price. And so these are the things that happens, isn’t it? We live in a world where if you get into crypto, you must number one, realize it’s a high risk investment game. And number two, you are playing against people with huge amounts of money. It doesn’t matter if you have $1,000 in crypto, or if you have 100 million in crypto, these are things that is going to be affecting you, your family and everyone around so I do recommend that if you are investing in the game, you should not be using all your grocery money or your rent money you should be just investing money that you can afford to lose. It’s high risk high reward game. And there are many risks attached to that which people sort of you know, they’re not really recognizing that and given that enough credits to go as if you are just putting a little bit of money in and you’re not risking your whole house and marriage and car and mortgage. I do believe that that is that is just a silly way to do it when we’re talking about investing in such a new asset class which is you know, backed up by thin there right now. So a lot of people asking me, you know, what’s going to happen in the future? Well, we do believe there’s going to be a lot of major events happen in crypto in the future. But those are good events. Some of those are bad events. But I will tell you that, you know, what we’re seeing right now, I feel like when we jumped on the podcast last time, I feel that you know, what you have to understand with China and the regulation. And, you know, they’re sort of banning financial institutions from Bitcoin. A lot of the Bitcoin that has been mined up to date has actually come out of China. So people don’t really understand that. And it takes a whole different point of viewpoint, from, you know, the news that’s coming out in the last couple of days. So while the prices on crypto have been quite negative, over the last, you know, 48 to 72 hours, it will be interesting, what happens more towards, you know, the next couple of months. So normally, after a big crash like this, you normally have a consolidation, and the prices normally just bounce around a little, they can even go down more. That’s, that’s, you know, very common occurrence. But I mean, I don’t know what’s gonna come next, I’ll just sort of hint to you that a lot of people are panicking. And a crypto, a lot of people are, you know, doing some silly things. And a lot of other people are telling people to do other silly things. So me myself, I’ve actually been quite calm with what’s happening lately.

Unknown Speaker 6:33
A lot of people have been reading our Twitter account, but we’re just basically on there for fun. We don’t really give too many things away on Twitter. But it is important that we push out some content because I feel that people are waking up to what’s really going on out there in the world, in the political world. And, you know, we are supporting that. And we like that. And I think as we go into 2022 2023, a lot more people are going to wake up. And I think a little more people are going to come into crypto as well. We’re talking about the banking side of things, the regulation side of things, you know, buyers, sellers, bullish sentiment, bearish sentiment, and things like that. I remember seeing a news item yesterday where we were actually looking at a lot of data where the big institutes, it’s quite interesting that they were talking about these big Institute’s we’re getting out of Bitcoin, and then looking back into precious metals like silver or gold. You know, my team did a lot of research about this. And the data were, the data was is basically out there through the banks. And this was not really the case, if you want to ask me the data that we were looking at, which I know is a true set of specific data and regimes, basically was hinting that, you know, these big companies and institutes were actually not jumping out of Bitcoin, and going into gold, but actually purchasing or increasing the Bitcoin portfolio or the amount of bitcoin that they had in their portfolio. I think you know, people have to really be careful here. Because what we have been putting out there has been real news. And what these big fake news media companies do is put out just absolute nonsense and bloody crap. And so we were writing the fact that the bots were hinting that CNN will collapse one day. I know, people were saying, I wish they’d Hurry up. But this is not really how it’s meant to work. And I do believe karma is coming for big places like CNBC, NBC, CNN, ABC, which have been pumping just I don’t watch the news, guys, I’m just tired of the whole crap. When you’re watching the news at six o’clock, you need to realize and understand these people have a regime, you can Google Mockingbird, these people have been putting out a lot of fake news for a long time. And you know, you’re absolutely killing yourself, if you want to watch the news and believe anything, 90 episodes, or I would say 99% of the news that you see on TV is just absolute nonsense. So if you’re listening to this, and sort of your jurors hitting the floor, I understand that a lot of people are really asleep to what’s happening out there. And, you know, try to put yourself in our situation where we do a lot of linguistics work, we do a lot of blockchain work. And you know, part of the problem is we’re trying to get sources and information and linguistics from these big conglomerates that don’t even provide, you know, accurate news. So it makes my job harder. And I’m surprised that we’ve got, you know, so much, right, because we have to always scrape on data that we we feel from sources that are just absolute crap and nonsense. And so, for me personally, it’s been you know, it’s an incredible journey I’ve been I’ve learned a lot. It’s one of those things that the more you learn, the more you realize you don’t know it So we just continue on with our journey. And I just trust the process because the process has worked. I’m not really a smart person, I just sort of understand a lot of things in business, I understand how the media works, it’s basically set up to make you fail. How many times have we heard the whole thing, you know, bitcoins a scam, it’s going to zero, we’ve heard it over and over again, if we counted amount of times that that’s happened, you know, you probably you probably couldn’t count it on your hand, it’s, you know, 500 times now we’ve heard the same thing. And 500 times and fake news media has been wrong. So there’s no real surprises on what’s happening. And, you know, as Bitcoin prices stabilize a little bit here, I would sort of expect the bungee cord process of the prices to basically keep continuing. So, you know, with this Hong Kong news, and this Chinese news, I think, you know, it’s, these are word keeps coming in. And we’ve been predicting that for a long time. So eventually, somewhere down the line, we are going to get regulation coming to crypto, and, you know, positives and negatives, like I said, but I really do think if we’re looking at a on the grand scheme of things, I think regulation is probably going to be a good thing. However, it’s probably going to very majorly affect the way I’ll be taking crypto or investing in crypto in the future. The reason is, because, you know, there’s so many people out there that have been scared of regulation. And I just think that, you know, maybe it’s that time where people just need that extra support and security. A lot of people have been on the fence because there really isn’t regulated. So you know, regulations are good. I think with what’s happening in doggy coin, and safe moon and Schubert, you know, these Mimi coins, I think, you know, with, if we did have regulation, it will stop a lot of people losing a lot of money in these and these tokens. Myself, I’ve already talked with my members, I’ve decided not to invest in the coins, like Shiba Inu, or safe moon, if if you were to invest in one of those, I mean, maybe throw in a couple of $100, if you can afford that. Obviously, this is not financial advice. But you know, maybe you have a play, I always have the opinion, that the best way to learn is always through experience, not just reading something and dreaming about it, it’s actually to get into it, get your hands wet, get your feet wet, and basically get some experience behind you. Because that’s how I’ve done it. It’s been a wild ride. And you know, I couldn’t agree with that statement any more than, you know, actions, breed results. And that’s always worked for me. So I’m not sure if it works for you, but it has for me. And I’m sure that you know, with the case of crypto coming and all that down the line, I actually do seriously think that the prices are going to stabilize a little bit. I don’t think that’ll happen in the next 234 months. But I do think you know, eventually down the line. But in the crypto space, it’s going to be a lot harder to make these really ridiculous gains that people have seen in 2020 and 2021. So it’s a very interesting time, we are on the cusp. You know, Blockchain right now is virtually in the dial up days. If you remember the internet, you know, when we were at school people saying oh, you know, this internet, this email thing, it sounds like a scam. It’s not going to work. It’s got no future. And you know, here we are. So I do believe that, you know, I think crypto is going to change the way we do business. In the future. I think crypto is going to be the future, whether people like it or not. And so, you know, when we’re talking about defi, and we’re talking about NFT‘s, I mean, we’re virtually, in, you know, it’s it’s very, very humbling beginnings. There’s a lot of things that have to happen to meet requirements. And as you know, the crypto space, crypto 1.0, I would call it and these first generation coins is only just starting to mature and that so we’re very, very early days, guys, and there’s no need to panic or get upset and all that sort of stuff. These are birth pangs, anything you see. And I really think that the crypto crash that you’re witnessing right now is basically showing how strengthen and how stable the decentralized finance systems are working. So it didn’t really work, you know, in 2017. And I believe that, you know, whatever happens in the coming months, you’re going to see a lot more strength. It’s going to build a lot of people it’s going to sit more coins on fire so they just out they go and they won’t be coming back. So I mean, 98% of these coins guys are just ridiculous and scams, so you just have to realize that this part of crypto is going to continue. And I really think that if I was in your shoes, and your best party Your day we’ll be sorting the wheat from the chaff. And we do, I’m glad that the coins that we have been projecting and doing linguistic and data on in our newsletter, none of those zero of those 0% have actually gone to the top and they listed. So we’re very thankful for that. I know a lot of coins that other people have been in have delisted or gone to zero, or just tanked, and probably never ever going to come back. So you have to really believe that, you know, this is the the top risks in crypto. And while I can’t be right on everything, you know, the thing is, with our chatter board and our linguistics is we only have to, if we project 10 things, we don’t have to be right on one or two of those. And out of those two, maybe one really good thing and this can be life changing of you, as you’ve seen with our members who have been quitting their job. And so I think right now, this is where the evidence has been shown with our business. But I’m not here to show off, I’m here just to tell you, you really need to pay down. And you really need to, you know, number one,

Unknown Speaker 16:03
if you feel the need to join a newsletter, you can do that. But you don’t have to, I know that our prices are quite out there. There is a reason for that. And I’ve been talking about that for a long time. Money is energy, energy is a shift in transfer of other energy. And it’s going to be interesting to see what happens. The other side of it is I think, you know, inflation has started to creep in. I’ve always viewed Bitcoin or some of the Bitcoins as a hedge against inflation. But it’s not a strengthen hedge against inflation. And so, you know, it’s time for for, you know, things of people to shift the mentality of what’s coming in terms of the economical point of view, and what we see coming further into the future. So there’s a lot of things happening in the stock market as well with record highs. And I think, well, people are logging in with their 401 K, and really be happy with a big smile on the faces. I do think that will change in the future. I think you know, that Coronavirus crash we had on the market was just sort of a warm up to other things happening, many negative events. But I think that, you know, we have to be realistic here. And not everyone is in the stock market. Not everyone has money invested in the these financial markets doesn’t matter if it’s Bitcoin, or crypto or stock market or bonds or metals. I mean, we’re people are, you know, not just not seeing what’s happened after the financial crisis, people haven’t really seen how big of a problem the COVID thing will be. But I think, you know, while we tend to sort of think that the pandemic was more of a scam demic you know, there are very many opportunities in different ends of the ponds of many markets. And so myself I’ve been I’ve done very well. But it’s it’s basically one of those things, we have to clean up and exercise your, your duties and your peers as an investor. And you just have to monitor things more closely day to day. So that is also part of what we do. And I’ve been sharing that with a lot of people and helping them that way. But, you know, there’s a lot of pain right now there’s a lot of pain in Aetherium, there’s a lot of pain in coins, like XRP, or Bitcoin. Personally, I don’t really have an opinion on that I’m just sort of looking for any patterns of chatter online that we can sort of pick up and hint at what could be happening in the future. So there’s a lot of people that I think are going to be, you know, really disappointed with, with the performance they’ve had on the stock market, those people will soon come over to crypto. And I think if there is a big event, which will hit, you know, there’s a negative event coming, I feel in the stock market later on down the line. And if that happens, you know, I would be tempted to think those people might want to come and jump over to you know, it’s from loss, they’re going to try and ride those and make those backup in the crypto space. Pretty silly. However, it is what it is as a human psychology. And I will be interesting to see when all this goes down. If it isn’t event to play out in the future. I think that it’s going to be quite, quite interesting. So um, that’s about it for me today, guys. I think there’s a lot of things happening in all sorts of markets. And I wouldn’t get too caught up with all these big influences. You know, Elon Musk, he has an agenda. He has people telling him what to do. I believe that he’s a puppet and I wouldn’t read too much into his tweets, this is going to be more wise he’s going to do a lot of things. He’s going to play a lot of tricks, a lot of people are going to fall for it. So I just have fun with it. And you know, maybe even sometimes we will reply to his tweets, but you know, in the grand scheme of things, I think it’s all just fun. You know, people have an agenda. And you know, that’s that’s my opinion of it. I couldn’t be wrong. I’ve been wrong in the Pass. But you know, these are the things that are important topics to bring up because a lot of people are getting caught up with this. And I really think that if you’re a proper investor and you’re treating this business with, you know, endurance and longevity, you really have to, you know, put these things and these small day to day events, you know, way past where you are, and so this is probably the smart thing to do. Alright guys, that’s about it for me today. I’ve had a lot of fun actually, it’s it’s a pretty quiet day here, and have made the most of that time for you guys and just to help you out, so I’ll upload this podcast. Thanks again for listening. If you feel free, please remember to LIKE, SHARE and SUBSCRIBE this podcast and also check out our daily crypto updates and alerts. The news for that is the chap called the Chatbot newsletter. The link for that is below. Anyway, in the meantime, guys, I want to thank you all for taking time out to listen to my voice. And I’ll probably be in touch later on. But for now, have a very fun and safe weekend. And I’ll see you all very soon. Okay, peace.