Faze Clan, the influential gaming group, has apparently fuckt over its audience using crypto. Coffeezilla said so.
Dudes, if you listen to Coffeezilla, you're going to stay poor your entire life. The guy is basically incentivized to be an unlicensed fiduciary who's only job is to tell you stay away from anything with risk. Just sit on your hands your entire life and you'll be fine.
Well, you might be fine, but you'll never make anything of yourself. And if you listen to Coffeezilla on crypto, you'll never make anything of your money.
That's not to say go listen to these #LeverageLosers like Carl the Moon or fucking tools like Bitboy. But you can't go into a risk-on market being afraid to get your feet wet.
How about you actually learn about the space before you go slinging your money all around? All of the code and the transactions for every protocol are PUBLIC INFORMATION. That's the core value proposition of blockchain. That's why we don't need outside regulation. Everything is public information.
I really can't stand these idiots who justify regulation because "people aren't smart enough/don't have time to read." Ok, then stay the fuck out. You have time to do something. Focus on that, and you'll probably do better. You can't use someone who gambles in crypto and spent a grand total of 3 minutes studying crypto to justify regulation.
By the same token, how do people get continually scammed just because the scam is on Binance? If you're having trouble finding a legit protocol on BSC and you're too lazy to actually do the work of learning crypto, take these tips as law:
1. Don't invest in anything with a 5 digit APR/APY.
2. Don't invest in anything that looks EXACTLY like Pancakeswap.
3. Don't invest in any site that has elementary school English on it.
4. Don't invest in any token named after a pet.
5. Don't invest in any token that highlights "reflection" or makes you set some ridiculous slippage number to buy the token.
That basically leaves only protocols that have already been proven or protocols that come through a launchpad. Which are the only two things you should be investing in any damn way. If you just have to get in the altcoin space, get stuff that's proven. Stuff with an actual product. UTK, ETH, THETA, VGX, VECHAIN. Get those. Shut up. Wait for a few months, cash out, go away.
We clear? It's not that hard to stop losing money. Hell, during this bear market I was losing money trying a bunch of shit. You know what I did? I stopped trading. Took a break. Easy! Sit back and wait for an obvious win. Or just buy bitcoin and hold. Stop trying to get rich overnight.
In the meantime, don't give Coffeezilla any more of your time. He takes obvious shit and makes it seem as though everything in crypto is a fucking scam. The only scam is that he makes his daily bread telling you to be a complete pussy in life.
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