I Spent a Week Trading Crypto Alt Coins - YouTube

I just can’t, I'm tired of seeing people post ten thousand percent returns on their

stories everyday buying Elon Shibu coins while I’m losing money buying Google stock

I can’t take it anymore the FOMO has defeated me, in this video we’re gonna try to get

rich quick trading sketchy crypto pump and dump alt coins, im trynna eat too

I’m obviously trolling with that intro but only slightly cuz that's not even far from

the truth, for the last few months we’ve been seeing these random scammy pump and dump

alt coins make people hundred percent returns in days, creating new millionaires every day

And these aren’t blockchain projects that have amazing teams behind them and sound fundamentals,

these are coins called DogElon, Shiba Inu, Tendies coin and just all kinds of puppy breed

variations

So are people really making money with this, I think they definitely are, but people are

also making money with slots machine this is basically gambling right, you're just trynna

hop on these hype trains and ride the pumps, then hopefully get out in time before it dumps

If you’re in a tough position where you’re running low on cheese please don’t look

at these coins as a way out because what most people aren’t posting are them losing eighty

percent of their money when these coins go down which they inevitably do

But that said I do wanna give this a try kinda see what happens, if I lose all my money i'm

not gonna hide it and if I do make some crazy gains that’d be pretty sick, I’m thinking

we start this challenge off with five grand

This way if we see ten thousand percent returns I’ll be be sitting at a cool five million

dollars which at that point

man but uh let's dive straight in here I wanna first build up a lil portfolio of these meme

coins and then what we’ll do is actually join some of these alt coin discord groups

that pump these coins and hopefully we can make some money trading them and getting in

at the right times

So I did a lil research

A lot of these goofy coins can be found on a website called Uniswap, so I’ll buy five

grand worth of Ethereum on Coinbase and then I’ll transfer that over to this Uniswap

website where we’ll actually be able to buy the meme coins

And i'm telling you every time I’ve bought crypto in one of my videos, few months later

I wish I would’ve bought a lot more at that particular moment

Example here I am in June of two thousand nineteen buying doge at two tenths of a penny,

if I would’ve bought ten thousand dollars of it at this price which I had the money

I could’ve done it and then sold it at recent high of seventy five cents for two point five

million dollars

Anyways can’t be thinking like that, lets get some Ethereum onto Uniswap and fix the

mistake of my youth

Ok so I just bought the five kay worth of Ethereum then I downloaded a separate app

called Coinbase wallet, transferred the Ethereum there and connected that to Uniswap, so now

I think we’re set

Lemme try to buy some Dogelon as a test

Ok so that worked but I bought one hundred dollars with of Dogelon and had to pay sixty

dollars in miner fees which is way outta pocket that's like fifty sixty percent

But I mean I do have mining rig so I’m kind of paying myself really thats how I'll justify

it

But now that we got that figured out let's look at some graphs look for some meme potential

I dunno how does this work how are you supposed to decide which breed of dog named coin do

you choose

Actually got a great idea here I just took this photo here where i'm absolutely dripped

out standing in a nice solid stance and i'll ask you guys on the instagram what coin I

should invest in

Ok so while we have that story running I'm gonna try to find a few coins that i have

a person convictions towards

And i mean common sense we gotta start off by investing into Shiba coin which is that

weird dog doge lookalike that I keep on referencing

Oh and a good things that i just found out, the miner fee doesn’t adjust based on your

total so right now im about to buy eleven hundred dollars worth of Shiba but the miner

fees is still only fifty dollars

So it makes a lot of sense to do larger transactions

Ok that leaves me with thirty four hundred dollars still left to invest so let's see

what the people are saying on the poll

Quite a few people are saying Shiba coin so i guess i made a good investment there

We got Jack from the Jack and Graham Iced Coffee hour podcast recommending we buy Doge,

the hood classic and im seeing a lot of other people recommended Doge so we’ll definitely

get a lil bit of that

Seeing lots of people recommend ADA which is the same thing as Cardano sounds very similar

to Cardone so i'm hoping we can see some 10x action going on there we'll definitely have

to get into that

Quite a few people saying SafeMoon

The first few people who said this I thought they were trolling saying deez nuts as a joke

kind of like instead of recommending something they're saying deez nuts but now im seeing

it so many times that i'm thinking it might be an actual coin

Let's find out if i'm getting trolled or not, i honestly dont know whats worse if i'm getting

trolled or if there's an actual coin called deez nuts coins

Nope there's a deez nuts coin

Tell me we’re in a crypto buble without telling me we’re in a crypto bubble

Anyways im seeing some polka dot, cake, so ill see which of these coins that i just mentioned

I can actually buy cuz some of these are tricky to get cuz taier no all on uniswas and ill

check back in once i spend all of that ethereum

Right so i just finished distributing that five thousand dollars amongst a few different

cypro projects

Here's what the portfolio is currently looking like, we have five hundred dollars worth of

DOGE

Eleven hundred in shiba

One hundred in Dogelon

This next coin Polkamarkets, verrrryyyy sneaky

I tried buying that Polkadot coin someone suggested from my instagram poll so i figured

POLK the ticker POLK is obviously Polkadot, it wasn't, that was actually a ticker for

a different coin But I guess it was meant to be everything

happens for a reason so we’ll keep seven hundred in polkamarkets and then we also have

another seven fifty in GRT aka Graph Token

And then on a different exchange I have four hundred fifty dollars worth of SafeMoon

And then another nine hundred dollars on a different exchange of that Grant Cardone coin

And i'm using a separate app called Blockfolio to track all of that and we’re currently

sitting at four thousand five hundred dollars

So we already just lost five hundred dollars in like the last hour but I think most of

that due to all the different fees involved between going from all these different exchanges

and what not

Warren if you're watching im sorry but that's my buy and hold portfolio now on top of that

im putting another five grand into my coinbase account and with this money I’ll be trading

crypto throughout the next week

I’ll try to join a couple discord groups follow some crypto twitter pages and see if

we can make more money by actually trading some of these uhhh crypto projects

Wow so its been five days a full work week so lets get into our results, first off the

account I was gonna do trades in and join some crypto chat groups and what not, took

a very dark turn and got me into a pretty mind blowing rabbit hole

I ended up not even trading that account because here’s the crazy thing if a lot these groups

we’re doing the stuff that their currently doping with crypto but with stocks

no joke there are people currently in jail for similar activities that these guys are

doing but they did it with stocks which are regulated and as crypto grows more popular

im sure theres gonna regulations on it as well

So if you run a discord group watch out

but anyways here’s whats happening with a lot of these crypto signal groups and discords,

I don’t wanna say their all the same but a lot of them are doing this

So they pitch these groups to people online saying, hey join our group where we’ll orchestrate

these pumps we all agree to buy particular small random coins at a certain time which

will pump the price

and once that happens people outside the group will notice this random coin pumping, it’ll

start trending, people outside the group will buy it up and the people inside the group

will sell their coins at this higher inflated price the the outsiders

Already a scummy move, with this plan you are preying and are trynna take money away

from the outsiders buying in since in order for someone to win money in a pump and dump

someone has to lose money

But it gets worse because the outsiders aren’t really buying up the coins and losing money

instead its the hundreds of thousands of members who join these groups that are getting finessed

The only people making money here are the organizers of the the group, they’ll slowly

buy up a particular very small market cap coin the kind where if you invest fifty to

a hundred grand instantly you're gonna significantly move the price aka artificially pump the price

Once they’re happy with their holding they announce that hey crypto pump fam Discord

this is the next coin we're all gonna pump and finesse the outsiders

In reality as soon as they organizers announce the coin and the group members buy it up pumping

the price, the organizers sell their shares at this inflated price, instantly crashing

the coin leaving the members with a worthless piece of trash coin that they’re down fifty

eighty percent on

So all these members that are trynna finesse the outsiders are actually the ones getting

finessed

The organizers are pulling the exact scheme on the members of the group, that the members

of the group think they are pulling on the outsiders

That’s one way its done then you also have some of these famous people promoting small

market cap coins on their own, they’re either getting paid by a puppeteer organizing a pump

or an influencer themselves can invest like ten twenty grand into one of these coins

which for these small cap coins can easily pump them, post the pump to their story and

then dump on the people getting in from their story

So if you have a slightly skewed moral compass and are willing to take peoples money boy

do I have a cutting edge business in the crypto currency space for you

I know it's tempting seeing people post crazy gains with crypto I get major fomo just thinking,

I could’ve been an early investor into deeznuts coin and never have to work a day in my life

But most of these things are borderline scams you can get lucky and your timing with gettin

in and out might align with the orchestrators of these pumps but really their the only ones

really making money

But that said let's check in on the coins we bought into earlier this week, we turned

five grand into twenty four hundred, hold on that can’t be right

Hold on last time I checked this was at thirty five hundred which already was bad but now

its at twenty four hundred, that's over a fifty percent loss

Nope it actually is right in just five days we lost over fifty percent of this whole portfolio,

and imagine if someone invested their hard earned savings into this

It can be fun investing into these scammy alt coins but you gotta treat it as such,

please don't gamble your life savings on deeznuts coin

Anyways hope you guys enjoyed this video and have an amazing rest of your day PEACE