Just have a responsible amount of money in BTC & ETH and right now it’s really low so it’s a good time to buy. That’s really the only sound advice anyone could give at this current juncture.
the difference is you're actually trying to help them tho. scammers purposefully give u the wrong answers to fuck up ya grades and then be like "but idk lol!!!🤭"
Tbf he wasn’t explicitly saying don’t buy at all. He was saying be careful when buying and by that he means research the fuck out of what you’re buying which is sound advice. If anyone watches this video and still goes out to buy Safemoon or SHIB, they’re fucking morons
Dude is so funny I forget how smart he is. Man studied computer science at Duke and created/sold a fairly successful app. Now he makes many more millions on RU-vid. Impressive guy for real.
@@toby8266 that doesn't take away the fact tat he is smart and an amazing RU-vidr for 3 years now. you are trying your best to put him down so u could feel good about yourself. him driving range rover triggered your ass
In 2012, when bitcoin was sub-$20, I had $6,000 set aside that I was going to invest in bitcoin, and I was told ALL MY LIFE, “Listen to your elders.” So I thought, yea, I’ll do that. My dad was a CPA and later an account manager for fuel contracts for a major power company, and my uncle was a CEO for a major bank in my city for many years. They both said, “It’s too risky, you shouldn’t invest.” I learned, “if it’s tech related, I _CLEARLY_ know better, screw what my elders say.” SMFH... I lost hard.
Basically the creator of a new coin will message influencers to sponsor them and will either give them money or some of the coin. The influencers will promote the coin on social media and when their fans start buying a ton of the coin, the price of the coin will go up. Once the influencers/creators/early buyers see it start to peak, they sell all of the coin to make a decent profit. This leaves all the fans who bought a bunch of the coin with no money and a worthless coin.
My coworker is a typical crypto investor. Constantly talks about how he’s going to be a millionaire in a year, how everyone else just doesn’t get it, how it’s going to make the US dollar irrelevant, yada yada. It’s hilarious but also sad.
I’ve worked within the crypto landscape, the technology is legit. I tell people all the time to invest in it (not finance advice lol). If you do research it’s a smart long term investment if your young so props to your coworker
''This is not legal advice'' is like me helping my friends with tests and stuff and adding 'Idk tho' at the end just in case I'm wrong and they fail...
There’s going to be a day.. where people won’t be blinded by money and know that the fruit of riches is helping each other. Seeing each other thrive and doing good for themselves. Thanks Cody for being so kind!
lol no one says that. This bull market is young, and the space is very early. you're clueless if you think crypto is dying. It's barely beginning. Just watch this summer.
@@JunkBondTrader There is absolutely no way to determine when a market is gonna bloom or drop. That's the whole point. That's why it turns some people into multi-millionaires or into debt. Oh sorry, the only way to determine when a market is gonna bloom or drop is to do insider trading. You don't determine shit, you just know how a market is influenced before the info reach general public. And unless you're a billionaire directly influencing your market or work for the government, you can't do insider trading.
what a standup dude tbh he’s got a pretty big audience and instead of perpetuating the scamming he’s trying to caution people which shows he’s got integrity
That happened. It was a book written, but ended up blocked from being published (although the company already was starting the PR for it). O.J. Simpson's "If i had done it"
Mindblowing these crappy "influencers" can get away with literal fraud like this, because crypto is not regulated. If they did this with anything else they would be in prison lmao. How do their audiences just let this slide?
@@thompson8354 Sponsorships do not (and should not) include having your followers pump financial assets and hold the bag so you can reap personal, huge profits as 99% of these influencers do, directly selling the asset to their followers. It's fraud, not sponsorships.
you don’t really need to understand crypto to get what’s going on here. people promote these coins so their followers buy them which then increases the value of the coin..the promoter then sells the coin to make profit off of the increase, because of this major sell off the value plummets and leaves everyone else broke. it’s called pump and dump bcus they pump up the value then dump it once they achieve a profit.
moral of the story: dont take financial advice (or any kind of advice at all) from influencers unless they provide credentials to back up their advice (and no, them showing their venmo account or fat money stacks does not count as credentials)
honestly even tho cody has gotten like super famous and is making bank, he still stays humble and hasn’t turned into what other LA influencers become once they gain popularity
@@tombeacher9667 bro you good? you made two replies but somehow still didn't read the last four words of mine: "in the 15th century". cant tell if you're confused about what a century is or what a joke is lol
Commenting for engagement because, for possibly the first time in Cody’s entire career, this is a really important video that will help a lot of people when they see it.
Fr, like, I’m smart with my money but I’ve got some extra cash burning a hole in my wallet since so many businesses have been shut down so I’m down for a little Cody based scam.
it’s hilarious that dogecoin started as a joke but i legit heard middle aged men discussing their profits from it while i was checking them out in the trader joe’s line.....
It's basically nerds trying to make bank off of a currency in the case of bitcoin which is pretty much only good for making illegal transactions. Now some coins do have more practical uses like stellar lumens and hence have been labled stable coins because they are tied to something real financially. Anyone who pretends to understand what will happen with bitcoin(at least within any immediate future) is totally bullshitting.
General advice for crypto: if you’re hearing about it in the news, you’re probably already too late to buy in and make money. Do not let the hype get to your wallet.
@@stephaniehanley1016 which is all the more reason to stay the fuck away. Its an extremely volatile market that relies on memes and whether or not countries will restrict it. If you hear 15 year olds talking about it, you’re too late and should avoid it at all costs
Props to you for using your platform to hopefully help even one person not get scammed with this crap. There’s a RU-vidr named Coffeezilla who has a ton of videos covering this stuff also
Currency in general doesn’t provide a service or produce a product (unless you count BoA locking ur card when you buy something at the grocery store you’ve been going to for years), but you invest a lot of time into that to get banknotes and coins that are only valuable bc the government says it is not the actual worth of the product. And for the most part cash is used less frequently nowadays. The big difference is just that it’s decentralized, where usually the government regulates it. But also thats definitely a good reason to be skeptical, also the fact that bitcoin computers use the same amount of energy as the entire nation of switzerland in a year. Its horrible for the environment and also its used for a lot of illicit transactions
@@zoeg5304 yeah bitcoin is unsustainable by design. If a crypto becomes mainstream, it will be because the technology behind it has improved to fix its current issues. Cheap copies of other blockchains won't last long.
@@zoeg5304 I thinks it's weird how it's kinda shifted from a deregulated coin that will replace the dollar. To some type of investment you hope to make money out of.
These satirically named coins make me wanna live in a world where daily use products are also named this way like instead of,,,,,,,pringles it would be called *Fart Lemon 1000*
call me crazy, but it might be a bad idea to invest in something that is purely predicated on irony. It only maintains stability for as long as people find the joke funny. Good on you for using your platform to educate people though!
not neccessarily. Coins can develop and take on new utilities as they evolve. Elon has plans for doge. I'm not in Doge, but it's way past a joke at this point.
this feel's like a commentary vid of old, from the tales of a time when youtubers could call out shitty behaviours other content creators are engaging in without fear of being banned or spit out of the almight blood god algorithm
college frat boys hear “cryptocurrency” and literally go running to tell everyone that they are a finance and stock market expert. is that just my school or does anyone else experience this???
Oh yeah lol. As someone who actually studies finance and conducts research, the amount dumb stuff I hear people say is outstanding. The classic one is when someone calls a cryptocurrency a "stock" even though the word currency is in the damn name.
@@StockerFinance it's easily percieved as a form of stock because the value is so volatile. But it is a new currency trying to solidify a value (which is difficult to do with celebs pump and dumping and folks treating crypto LIKE a stock)
I don't have any social media so everything I know about what's going on in twitter/ insta etc. comes from CodyKo and that makes it all so much more hilarious.
