Scott Melker - How To Trade When Crypto Markets Are Crashing
London Real
Brian Rose
4.4 • 1.9K Ratings
🗓️ 13 September 2021
⏱️ 44 minutes
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| 0:00.0 | Training should be more like watching paint dry if you want an excitement go to Vegas at least you get free drinks. |
| 0:07.0 | It should not be gambling. Training should be extremely, extremely boring. |
| 0:10.0 | So if you're training without a stop loss, you are gambling. |
| 0:13.0 | If you want to be right, or do you want to be rich? |
| 0:15.0 | That's the interesting game here. I always tell my students it's about it with your own brain. You're not actually battling the markets. |
| 0:20.0 | You're training against yourself. There's no question. The notion of bears and holes is kind of a misnomer. |
| 0:26.0 | There's no guy on the other side is trying to crush you. You're trying to crush yourself or avoid doing so. |
| 0:31.0 | And at the end of the day, there's always a trade there. There's always profit to be made regardless of what the other side is doing. |
| 0:37.0 | It's just a matter of whether you can actually follow your plan once you've started instead of making an emotional decision and taking a poor exit. |
| 0:44.0 | Bitcoin is a near bulletproof network. He said this thing has tried to be hacked by terrorists, CIA governments, everything. |
| 0:52.0 | He said, Brian, this network has never gone down. |
| 0:55.0 | So that the network is secure. It's never gone down. Think about this. Bitcoin price dropped 55 or 56% in a matter of weeks. |
| 1:03.0 | You didn't need anybody to come in and still cash into it to keep it going. You didn't need to be bailed out. |
| 1:11.0 | It's the only free market left in the world. So even taking away the security of the network, the fact that you could have 55% volatility to the downside, |
| 1:20.0 | and you could have 50% of the miners going offline at the same time, and everything just continues to run smoothly without any centralized authority having an impact. |
| 1:28.0 | That should tell you everything you need to know about people. |
| 1:31.0 | The power of your dollar is dropping. That's a fact. You need things that protect you against that. Here's your options. |
| 1:37.0 | The world is changing. Inspiration is everywhere. |
| 1:55.0 | It has never been so easy to connect, share and bring people together. |
| 2:04.0 | We're learning from others and finding the best in ourselves. |
| 2:12.0 | Challenging our beliefs, sharing our vulnerability, overcoming our fears, transforming ourselves so we can transform the world. |
| 2:31.0 | How far can we go? |
... |
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