The new influencer scam
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- Опубліковано 23 тра 2021
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The only influencer that is actually telling people NOT to buy.
Which is dumb, wait till it goes to its lowest, then buy, it's gonna go back up
Elon Cum Coin 🪙
He didnt say that did he? He only warned about shitty "joke" coins made to scam people
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
@@jsurridge5001 exactly, putting money into things like ETH or ADA when they're low right now isn't bad, it's putting money into some shitty meme coin that people have paid influencers for to promote them and pull a quick rug pull that people should now do.
This is just dad sitting us down and telling us how to handle our finances. Thanks, dad.
lmaoooo
Buy high. Sell low
Idk he has more like an older brother-vibes to me
grandpa *
@croissantcrust literally this
the more I learn about cryptocurrency the less I understand about cryptocurrency
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.
Thank God I’m not the only one lmaoooo
y'all I didn't even know there were other cryptocurrencies besides Bitcoin, I always assumed stuff like Dogecoin was just a meme (╯°□°）╯︵ ┻━┻
Same
@@CombatOstrich There's about 10,000 listed ones
"this is not financial advice" is me helping people with homework & adding "but I could be wrong though" at the end to save myself lmao
lmaoooo i do this all the time
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!!!🤭"
literally gotta make sure my bases are covered can’t nobody be mad at me 😂
Wise.
😂😂 on point 👌🏼
Saying "this is not financial advice," is the new "its just a prank bro."
this is the darkest thing i've ever read
reminds me more of the "no copyright intended" youtube days
They say that “not financial advise” because they don’t want to get sued by you when you lose money to ponzi’s like shiba.
I'm stealing this comment it's just prank bro
yeah but hopefully nobody dies from it like "its just a prank bro"
this is proof I would listen to cody talk about anything.
literally.
Seriously though🤣 If there’s one thing I thought I wouldn’t be learning about on a Monday aftetnoon, it was capitalist scams
Yeah he could talk about anything and I'd listen
Same :/
Same honestly
Mad respect for Cody that even after he was kidnapped and placed in a room at some shady motel in Arizona he continues to make videos
LMAOOO
hahahaaa
lmfaoooo fkn stop I had to sign in just to comment how perfect this is
THATS WHAT I WAD THINKING OMFG
from Arizona, can confirm that we've held Cody hostage.
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 UA-cam. Impressive guy for real.
Fax bro . You know you’re making good money when you have big ass windows. Also he was making fun of LA Range Rover drivers only to become one lmao
@@toby8266 that doesn't take away the fact tat he is smart and an amazing UA-camr 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
@@fatima-jc8do bruh u the only one mad he was makin a joke
@@muemuemue it was a trashy one then
You needed him to tell you this info and call him smart for doing so.
More fool you.
why does cody look like he’s staying in the apocalypse bunker from the last vid
ua-cam.com/video/hgIPLuhYGwI/v-deo.html
stfu with the links
LITERALLY THE PERFECT COMMENT BC UR ABSOLUTELY RIGHT JSBSKWBS
he’s prepared i respect that🙏
the window is 100% a screen
Props to Cody for protecting his audience from scams when he could've easily banked on this
Don’t speak before chodecoin has arisen
Yooo i love ur vids lol
when is Luukcoin
@@TurnUpTheAC63 hey man, thanks!
@@TheCheelik *witty response pending...*
I appreciate seeing the pre-youtube career side of Cody's brain
Everyone: Ponzi scheme
Cody: *PAWN'S EYE SCHEME*
*bonzi tree
He’s Canadian, we’ll let it slide
This radiates your dad giving you sound financial advice energy
Not my dad.
jokes on you because my dad has never given sound financial advice
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.
Never invest what you can't afford to lose, pay your bills, pay yourself, THEN invest. Good luck moon pals
Lol but he literally spit fud on safemoon and used a known scammer that was immediately identified for his bs!
I always forget that Cody was an engineer and isn’t just a commentator for Cut
right he literally went to DUKE an amazing super hard to get into school in my state
Lolllll
I became an Engineering student cause I was watching a Cody ko vid and he mentioned that he was an engineer
The transition was frictionless
@@sarahubbard2397 QUEEN energy
Me pretending like I have any idea what Cody is talking about
lol he doesn't even know what he's saying, don't worry about it
@@JunkBondTrader he’s shitting on the scam pump and dump coins as he should, not crypto as a whole get over yourself
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.
exactly
@@JunkBondTrader sounds like someone who lost money on cumrocket coin
Okay it’s not financial advice but...
It’s quick,
It’s easy,
And it’s free,
Pouring river water in your socks.
A genius
Wasn't this on tumblr lmao
“why would i do that” “it’s quick it’s easy and it’s free”
Unless you have no river nearby.....
I’m actually confused about where he is like he could have been in a bunker this whole time
he's at his parents im pretty sure
Cody and Kelsey and some friends were staying at a cabin, I think in Utah or somewhere like that.
@@potato-whiz Yeah they are at the canyons/park city mountain resort in park city
@I care bruh what
@I care wtf
thinking about that post that's like "cryptocurrency is just astrology for men"
omfggg💀
bruh💀
Fr
I’ve been thinking about this too haha
OMG LMAOO
cody: explains the complexities of cryptocurrency scams
also cody: pronounces ponzi like bonsai
Playing a Grimes song on your tiktok about crypto is kind of hilarious to me.
i was thinking the exact same thing LMAO
@@io2147 sammeeeee
7:28
brb gonna invest grandmas life insurance into crypto
Sorry grammy but ima bout to win the Grammy award for bein the most ballin in crypto 😎
Ok
Buy doge coin
You mean invest ?
@@elise7492 nah, he means donate
ponz eye scheme
Get a dictionary homeslice, could do you some good my boi
Lol this comment is so far down
why does this have 22 likes
Launch chode coin I probably won’t buy it but I want news outlets talking about it
no yeah dude for sure
Mad respect for Cody for not taking advantage of this himself and going out of his way to educate people and prevent scams 📈📈📈
I dont know if this makes sense, but Cody looks like how the room behind him looks like.
lmfao
...white
he jus needz 2 brush hiz hair
or maybe hez jus fresh out da shower
Lmao
Cody’s set up really makes him look like the funny uncle that goes fishing to cope with his depression
While drinking beer
did you mean nick miller ?
Ahoy!
he’s in that bunker lmao
I don’t really get this because I’m not white but I’m imagining it
@@VictorPollo lmao I just geeked 🤣
Damn I remember when the only people talking about Bitcoin were my nerdy junkie friends just trying to buy drugs
Lmaoo
Bet those were the most expensive drugs you’ve ever bought nowadays
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
@@Ckproduction03 go outside
@@sarasaeed6349 go make money
@@user-em1ih2ce8w don’t feel like it once again go outside
@@sarasaeed6349 anyone with half a braincell would realize that ckproduction is right...
I really appreciate cody giving all of us advice like the dad of the entire internet that he is
grandpa of the entire internet**
Ikr he's looking out for us :D
I was the 567 like. 5,6,7
(NOT FINANCIAL ADVICE)
Philza Minecraft is the internet father, Cody is the grandpa
Posting “not financial advice” is the legal equivalent of saying “no homo”
"no offense"
without prejudice
“My bad”
"im not racist, but..."
"I don't want to be that guy, but"
''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!
if that day ever came i feel like the world would end.
Amen
Never gonna happen unfortunately
Nope. Not gonna happen.
Glad somebody said it.
But at the same time drop some Cody Koins and I'm selling my house to buy in hard 🤑
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.
@@bekkfxst wanna help a man buy some groceries lol? I’m working four jobs cause covid killed my savings.
Agreed
@@eye2eye899 How do you make the time? I'm doing 2 and am still busy about 14 hours a day.
love seeing that kelsey finally decided to put him in a retirement home 🥺
ua-cam.com/video/hgIPLuhYGwI/v-deo.html
😐
Haha old guy funny comment
😐
I get it 😭😭 because 😂😂 he's old 🧓💯💯🤣🤣
This is possibly the most loving thing I’ve ever seen a huge UA-cam do for their fans. Just lookin out for em, doesn’t want them to get scammed :,)
It sounded like you said, “Invest in this bonsai scheme”
Cody just casually drops that we are living in a simulation
Cody lost all his money in chodecoin and Kelsey kicked him out to the bunker😢
this video alone shows everything u need to know abt Cody’s character cuz he easily could have made a slam dunk on the crypto market off his audience.
lol it shows he's not a greedy fool, who would stupidly go way off brand shilling crypto? yes a true saint! Or maybe just, not totally foolish.
Saying "This is not financial advice", is like when UA-camrs use Copyrighted music and in the description say "I don't own the Copyright"
i love cody telling us to be careful he really is a dad at heart
Grandfather *
Canadian dad
☺️
“Be careful kids”
Kelsey has been real quiet since this comment
me pretending to understand what he’s talking about 🤸🏾♂️🕳
Put your whole net worth into butt hole coin
Entire life savings into compoopoo money
Ah yes coins... those are like money right🚶♀️
I love hearing Cody talk about tech stuff idk why that's so entertaining
It’s like bullying a kid and responding “no offence though”🤣🤣
Cody pronouncing "Ponzi" like "Bonsai" is the funniest fucking thing idc
THANK YOU for noticing this hahahaha
Dude yes. I cackled like an idiot when I heard him say that
“Pons-eye scheme” lol that’s something different entirely, this is just garden variety pump-and-dump
For anyone confused, its PAWN-ZEE scheme.
was about to comment
Imagine mailing a serial killer a letter about how to get away with their crimes & just throwing a casual ✨not legal advice✨ in at the end
I'm cackling like a madman
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?
Kids
Because lots of people understand celebrities do sponsors for money.. or have a marketing or agent pumping out there advertisements. It's common sense
@@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.
Cody is like the white dad I never had. Always educating even though we didn't ask for it. Love you!
Remember: The moment your family members start talking about it, it's already dying.
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.
Usually, but when government becomes involved that's when you should worry more.
@@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.
im starting to feel emotionally connected to this man.
r/suddenlygay
he's my father now
Uhhhhhh sugar GAAAAAAY????
..... im gonna steal ur name.... or maybe just tweak it ...im sorry I have to
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
Tiktokers pretending they understand market structure and technical analysis has to be the funniest shit
i could listen to him talk about literally anything. idk wtf he’s talking about
Same feeling 🤣
Crypto?
@@nilen it's like i know what he is talking about..but still don't know?
Do ur research on crypto and u will realize it’s a whole new opportunity
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.
I don't know shit about crypto but listening to Cody talk about something he's passionate about makes it worth the confusion
Yep sums up how I feel about this video 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.
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)
We all know people think people with money must know something….
in the nicest way possible, cody is starting to look like a country boy
country boy, i love you, mleehhhhhhh
Damn. Well. It is what it is. Yee yee I guess.
@@nicoleheinzmann8780 yes
Yee yee
howdy
the next coin should be called “Elon’s musk”
underrated af
Noice!!!
Nah his cologne should be
Elon's husk
These influencers got the wrong message from The Wolf Of Wall Street
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
The fact that Carol Baskin called her Bitcoin 'Cat' and not 'Kitcoin' is a bigger sin than her killing her husband and feeding him to the tigers.
HAHAHAHAH
IM CRYING NO 💀😭✋
it’s cody pronouncing “Ponzi” like a “bonzai” tree for me 🤍🤍
@CrazyMiles username checks out
I was looking through the comments to see if anyone else noticed lmfao
> pronouncing “Ponzi” like “bonsai” with a P
Lol
im crying
came to see if anyone else caught that 😂
Had to open up the phone UA-cam to comment this one myself
Wait....that’s not how you pronounce it?
I've seen this around, I see people at least warning others on the posts and I appreciate you for uploading this.
I love this style of video, I wish you would make more like this, just you talking about something and showing examples it's fun and entertaining
Honestly really liked this change of pace. It’s refreshing to hear you talk about something you’re actually interested in
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.....
Yeah the profits are something serio... Wait
damn you like older men, huh? nice!
Checking out (grocery line) or checking them out?? (The men in line). Is it a typo lol
this didn't happen you've never been to trader joe's
oh my god i work at trader joe’s i was ringing up their groceries jesus
Super appreciate you putting this out to your viewers
i love the cut videos (of course) but this was so interesting!! we luv to see it!
when you pretend to be stupid on the internet but you have a degree in computer science from duke
blockchain and crypto wasnt yet conceived back when cody graduated in the 15th century
@@botcore pretty sure Cody graduated in 2013 after blockchain was concieved
@@botcore you're an idiot, Bitcoin has been around for 12 years
@@botcore well considering he graduated in 2012 my point still stands and you are incorrect, probably just mad you bought BTC over 10k lol
@@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
the ending was too good hahah
What up check mark
@mrballen dude I love you
Didnt expect to see you here 😂
@@pineapplefox3673 he’s a very funny dude!
@@briank8993 thank you!
I respect you even more now for making a video like this
Props to you for using your platform to hopefully help even one person not get scammed with this crap. There’s a UA-camr named Coffeezilla who has a ton of videos covering this stuff also
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.
A lot of crypto was down to all time lows this weekend. It was the perfect time to invest into big name ones. Bitcoin gained $8k in a day.
@@stephaniehanley1016 indeed it was!! Buy lows, sell highs!
bruh how do you do crypto
how do you money, basically
i dont get it im so angry smh
True for shitcoins, not for any real coins.
@@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
Im glad Cody is pointing out Pond’s-eye schemes
Ponzi scheme
Pond's-eye🤣💀💀💀💀💀🤣
r/boneappletea
I’m sorry...pond’s-eye?? You might want to try googling that.
I went right to the comments after I heard that. Never heard anyone pronounce it like that before lmao
Under his eye
Oh I’m sure the whole “not financial advice” quote will protect people to an extent if the SEC gets involved. You would be surprised how well the disclaimers work at keeping people out of trouble
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.
cody looks like he's about to tell you about how he became a sound technician for Fox 9
Ommmg yes 🤣🤣🤣
This is so specific but it weirdly makes sense
Personally Crypto feels like something beyond me. Like something from another world. Basically i have no idea.
same. sound wack. i wish we stuck to cash or debit/credit
Same, I always feel like such an idiot when i hear anything about it. You could speak japanese and it would sound the same to me
@@laurahejdukova481 lol pretty much. At this point im just an observer. Who knows how it will play out.🙂
I think it's a very interesting topic and technology but it's not something you really have to look into, unless you're interested in using them.
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.
cody i love this type od content please make more
I dig that you choose to advocate for people in moments like this. Big fan of your content my dude.
that “not legal advice” disclamer sounds like those “please don’t play this game at work/school😂😂” ads for random (addictive) games
it's so wholesome cody is looking out for us it feels like he's our older brother bullying us into not doing stupid things.
Really liked this video, it was super cool to hear your take on a topic you care about. Cut videos are great too, just liking the change up
Cody just described every one of my high school friends right now
Be very skeptical of investing in anything that doesn't provide a service or produce a product.
so true
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
Blockchain actually provides plenty of services and will provide even more in the future.
@@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*
I was scrooling through the comments while eating my pringles and took a bite the second I read about them. I was choking lmao
I’m high as hell and I was laughing my stupid ass off
Millenials will be CEOs of those companies soon. This is coming.
finna make this a tweet
@@tophercIaus I’m so excited for this 😂
Still waiting for people to realize GameStop isn’t actually just a joke
The worst part about this video for me was how they are using the diamond hand apes stuff. It makes us look bad.
I love how Cody just randomly uploads a video to look out for other ppl who would fall for these scams, What a great dude
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
Cody pronouncing ponzi like bonsai is the energy I need right now
i feel like cody is slowly becoming radicalized and gaining class consciousness and we love to see it
Dude the editing on this video was sickkk good job
The only thing I took from this video is that Cody pronounces ponzi as “pawns eye”
banzai scheme
Meticulously, meditatively shaping and pruning my ponzai scheme over many yrs
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???
Unfortunately this is a shared experience
No
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.
Yuuup
@@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)
Cumrocket vid has that sick Grimes "Oblivion" backing track soooo...have my 401k I guess.
Love this type of video from you! Funny and informative
Also: the problem with a lot of people who put a load of their net worth into crypto is they aren't doing it because they believe in the coin, they're doing it because they think *they'll* be smart enough to get out before a crash. Rarely are they.
@Nessa yeah I don’t buy anything but ETH, BTC, and DASH and have tripled my money. Obviously I didn’t put like half my savings in like some people are doing and the crash kinda hurt me but I’ve still made a net profit. I think crypto can be good to invest in you just have to be careful like any investment and obviously not put too much of your money in
@@awesomesauce5367 Stop. You cannot call pure gambling "a good investment".
Let me ask you something, do you think US citizens have US dollars because of "investing"? No, currency is for buying and selling goods in. That's where literally ALL of it's value comes from. For cryptocurrency like Bitcoin, the rampant gambling has destabilized the price so much that buying and selling goods is no longer realistic with it. It has removed value from the coin.
And yet, the price goes up and down. Why? Because people THINK others will PAY MORE FOR IT LATER. This again, is pure gambling. The price fluctuation is happening based purely on opinion, not on anything related to the currency or it's usage.
It's like ForEx trading but without an actual backing economy to make predictions from, unless you actually use it to buy and sell goods just as you do your local currency (such as the US dollar).
Gambling/speculation are NOT investing. That's like saying you're "investing" in the casino when you are just playing slots.
@@kiraPh1234k dude I just buy it when the market crashes and then when Bitcoin doubles I sell. calm down. I bought Bitcoin at 32,000 and sold at 61,000 so I just about doubled my money. it’s pretty easy to do the market cycles a lot and yeah it crashes but you just have to notifications on and if it crashes it’ll let you know and you make the decision to sell or stay. I don’t really give a shit about whether it will replace the dollar or anything I’m just making money and I’ve already made thousands so. It’s not the same as gambling because there’s a clear cycle to if if you understand how it works and have notifications of price fluctuations on
@@awesomesauce5367
"There's a clear cycle" - No, there's speculation that you incorrectly confuse with a "cycle". Again, these price changes are due purely to morons speculating (and no, it's not hyperbolic to call these people morons.).
As for doubling your money; Yeah, gambling has high payouts. However, keep in mind you didn't just magically double your money. You took money from other people stupid enough to think that it was an investment. For ever person who makes money through this, there are a great many more losing it.
Btw that cycle of telling people to "invest" in something and then selling when they do so is called a "pump and dump" in the financial market. It also seems to be what you're set up doing, in that you're trying to convince people of the same and have alerts set up do when they do "invest", you take their money.
There is no actual pattern, just like wearing the same pair of underwear doesn't make your favorite team win. You may think there's a pattern, but there's not.
It is pure gambling (though you can increase your odds by embracing the scams like pump and dumping). You're buying on speculation, which is by definition gambling. Speculation is the word we use to describe what you are calling a "cycle", where you are operating based on beliefs instead of deductions to make your decision.
And most importantly for everyone: MOST PEOPLE LOSE MONEY BY BUYING CRYPTO -- YOU CANNOT EARN MONEY THIS WAY WITHOUT MANY OTHERS LOSING MONEY, ITS VERY SIMPLE MATH. THIS MONEY ISN'T COMING FROM NOWHERE
I guess the funniest part though is that the more money you earn like this, the more likely you are to lose it unless you're very scam-minded. You keep buying when all the scammers sell, assuming there's an infinite supply of suckers to keep losing their money on BTC, and the more you do this the more confident you are that the suckers will never stop. Problem is, the longer you go on the less likely there are going to be surges from suckers. It gets riskier and riskier and then it's too late to get out. Unfortunate as it happens to most of those who make money on there without realizing what the scam is as they never want to get out and the scam will finish.
You have the right to spend your money how you choose. But this is gambling and i don't want you misrepresenting that as "investing". You can gamble as much as you like.
@@kiraPh1234k calm down and get a life
lmao cody : I'm not an expert
also cody: Studies software engineer at duke
that doesnt make you an expert on crypto
Lol yeah he probably knows way more than the average plebeian. But tbh crypto is pretty new and he’s so old that they probably didnt rly teach it much when he was in school since its not important for software engineering
@@zoeg5304 they don't teach it now and probably won't in the near future, at least not at public universities. Can't teach against big banks and the almighty USD.
@@collinthornton3926 they teach block chain in uni
He’s 32
I actually really liked this video, please make more of you reacting to things/trends like this 👀
Man I love it when Cody makes more informative videos instead of reactions