Ep. 1361: Crypto Blow Up with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 730 Ratings
🗓️ 20 October 2025
⏱️ 19 minutes
🧾️ Download transcript
Summary
Please enjoy my monologue Crypto Blow Up with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.
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I’m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I’m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.
To start? I’d like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/
You can watch a free video here: https://www.trendfollowing.com/video/
Can’t get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast
My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel
Hope you enjoy my never-ending podcast conversation!
Transcript
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| 0:00.0 | I'd be making a big mistake today if I did not jump into the discussion of two of the biggest |
| 0:05.5 | trends that we've ever seen. |
| 0:09.8 | That would be gold, some of the other metals like silver, and crypto, Bitcoin, etc. |
| 0:16.9 | Now I know I can go on to X, I can go on to Facebook, and I can find very smart people who have explanations, rationalizations for why gold has gone straight up. |
| 0:31.8 | They've got the same explanations, different explanations, but the same thing in a sense that they are explanations. |
| 0:38.3 | They have explanations for Bitcoin. |
| 0:40.9 | They have explanations for all of these crypto coins. |
| 0:44.5 | Okay, I get it. |
| 0:46.4 | Everything's going up. |
| 0:47.6 | You've got to have a story. |
| 0:49.5 | Ladies and gentlemen. |
| 0:51.1 | When something like this flash crash happens, you got to say to yourself, especially if you're |
| 0:57.9 | some young person and you're at 50 to one leverage with no diversification, you should be saying to |
| 1:05.2 | yourself, what the fuck am I doing? Now, yes, in the abstract, from a trend following perspective, you want nothing more |
| 1:13.7 | than to be on board a gold trend or a Bitcoin trend. These are winner-winner chicken dinner. |
| 1:22.8 | The best. But you don't get there unless you want to go through life as a lottery winner. |
| 1:29.3 | And I'm not saying that's necessarily bad if you're lucky enough to get the lottery. |
| 1:34.3 | But what the hell are you doing? Planning for the lottery? |
| 1:37.3 | I mean, look, if somebody has made a hundred million bucks or a billion bucks on crypto because they bought it 15 years ago |
| 1:47.0 | and you didn't. How useful is their advice for you? They didn't have a trading strategy. They |
| 1:53.4 | just made a decision at that moment in time to buy and they held onto it. You have to salute |
| 1:59.7 | that, but can you replicate that? No, you can't |
... |
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