Are NFTs legit?– with Siam Kidd

On a Mission Podcast

Ellie McKay

4.4 • 1K Ratings

🗓️ 21 January 2022

⏱️ 75 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week I’m on a mission with crypto legend Siam Kidd where we discuss the concept and meaning of cryptocurrency and how he went from being in the RAF pilot to earning £30k a day in passive income from his 7 figure crypto portfolio.

In this unmissable episode, we discuss what the future holds for cryptocurrency, how NFTs work and why 99% of them should be avoided and how a possible stock market crash could be just what we need...

For anyone serious about building wealth, this is a must!

KEY TAKEAWAYS

Crypto can be best described as “magic internet money”. Even traditional currency forms, these days, are simply digital numbers being moved around.
Anything has value when a certain critical mass of people believe that it is valuable. Ultimately, the price of anything is what a buyer is willing to pay, but this belief can be influenced.
Expect the unexpected when it comes to online trading, password protection and Bitcoin. We are still figuring out the rules, and it is wise to be cautious.
Always avoid dodgy websites that have numerous pop-ups as they can leave cookies and trackers on your computer that can compromise your security, and by extension, your crypto wallet. There are pieces of software that can help to protect you.

BEST MOMENTS

'Crypto is the only real monetary sovereignty that humans have ever had.'

'If you look at a company like Apple, you have no idea what they’re doing with their money!'

'One of the biggest incongruence is people saying “I want to be rich”…and then doing nothing about it.'

'The real world, crazy revolutionising thing with NFT’s, is not NFT’s themselves, it’s tokenization. That is a game changer.'

VALUABLE RESOURCES

On A Mission - https://omny.fm/shows/on-a-mission

Siam Kidd - https://www.TheRealisticTrader.com

Siam Kidd Facebook - https://www.facebook.com/therealistictrader/

Siam Kidd Linkedin - https://www.linkedin.com/in/siamkidd/

ABOUT THE HOST

The On A Mission Podcast brings you Ellie Mckay's no holds barred chats with some of the UK's top business leaders, entrepreneurs, celebrities, athletes, top thought leaders, influencers and mindset experts.

On a Mission is for unconventional thinkers that want to challenge the status quo. For all those people on a mission to live their best lives and take control of their own destiny.

Ellie is a straight-talking, successful property entrepreneur who passionately believes that everyone has the power within themselves to transform their lives no matter what their situation.

As a mumpreneur with 3 young children and multiple businesses, Ellie likes to keep it real with her no-bs insights and share the things that have helped her achieve the level of success she has enjoyed to date.

CONTACT METHODS:

Linkedin: Linkedin.com/in/ellie-mckay/

Facebook: Facebook.com/ellie.mckay.3150

Instagram: https://www.instagram.com/onamissonpodcast/

YouTube: https://www.youtube.com/c/EllieMckay

Clubhouse: @ellie83

This show was brought to you by Progressive Media

Transcript

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0:00.0	Hey guys, super excited for this one. This week I'm on a mission with Crypto Legend,
0:05.9	SIAM Kid. Now, SIAM actually has over 10 businesses, but it says Crypto portfolio that I'm really
0:12.9	keen to talk to him about. Not only is it a seven figure business, he is actually netting 25
0:18.6	to 30K per day just in cash flow. And as we all know, cash flow is king. He has some
0:26.8	laws as well as his highs, and I'm really keen to extract as much information from him,
0:31.2	even though it's possible. So welcome to the SIAM. Thank you. And I wouldn't go as far as
0:37.1	saying legendary. I am nobody from Norwich. You know what? I love how humble you are, but I think
0:44.8	anyone who can build up their Crypto portfolio to be netting the amounts that you have done.
0:51.2	I mean, I know you've been trading 17 years, but you've, you know, and I'm sure we'll go into
0:57.0	this. So within seven to eight years, you actually lost it all, you've rebuilt, you've learned,
1:01.2	like, and you've got it to where it's at the moment. You know, it's absolutely phenomenal,
1:07.7	but all high performance people don't seem to recognise it in itself. So I'm going to thank you
1:12.5	up for you. Well, thank you. Thanks for having me. Oh, yeah, it's a pleasure. So you actually
1:19.2	started off as a RAF pilot. This is like night and day, really? Yeah. From the age of eight,
1:25.9	I've always wanted to be a military pilot, and I spent all my childhood obsessing, like, how,
1:32.4	how can I get there? So I did it, joined a left school, became an officer when I was 18, and then
1:39.3	yeah, been flying since, and well, what, I was only in for about seven years. So, yeah,
1:44.2	left when I was about 25, but it was always like a seesaw. So I started trading when I was 18,
1:51.6	as basically at the same time, I joined the Air Force. And so it was like Air Force careers doing
1:56.2	really well. Trading was horrendous. And then as my trading got better, I, I just started not really
2:02.7	giving a shit about my job. Yeah. And that's bad, it really. So yeah. Yeah. And as you said, I have had
2:12.4	more losses than wins in terms of frequency, but the thing with trading, and I take this into
	...

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