# 1 Rule in Crypto Investing! (Important!) - YouTube

There is only one way crypto is going to  change your life and it’s very simple.  

In fact, it can be summed up into  two simple words: “Take profits.”

Hello, I’m Crypto Casey and in this video  we are going to talk about the importance  

of taking profits in crypto and how  it’s especially important during the  

heat of this bull run because the  market is definitely hot right now.

Is it overheated, probably.  Why? Everyone is excited and  

unfortunately a lot of it has to do with  crypto influencers hyping everyone up  

which manipulates the market and  certain projects to some extent.

Crypto influencers have huge incentives to  only focus on positive news. Why? Because no  

one wants to hear about the market going down or  the actual state of the market, how it works, and  

the fact that literally no one knows what’s going  on in the market and which way it’s going to go.  

Is this a bad thing? Not necessarily. However,  if you do not take profits along the way,  

you are seriously missing out on the whole  point of investing in new, upcoming technology,  

which is 1) to make the world a better place,

and 2) to become financially  independent in order to enrich our lives  

and enjoy the unknown amount  of time we have left in life.

What is truly amazing for us right now is that  crypto is offering a nearly once in a lifetime  

opportunity to generate a massive amount of wealth  in an extremely unusually short period of time.

People are accumulating an entire lifetime’s  worth of wealth or even generations of  

wealth in just a few years, months, and  sometimes even weeks, days, or hours.

But we must remember that these markets  operate in cycles. What comes up will come  

down. We also need to keep in mind that there  are thousands of cryptocurrencies in development.

And at the end of the day, probably  over 95% of them will fail,  

leaving less than 5% to become the  next global tech giants like Google,  

Microsoft, and Apple from the last tech  wave during the dot-com bubble in the 90’s.

So let’s talk about why it is so  important to take profits in crypto  

if and when you experience gains.  

Here’s the deal, this market is  absolutely, insanely manipulated.

It’s manipulated by influencers,  institutional investors, retail investors,  

bots, scammers, hackers, the  media, government regulations,  

black swan events like covid - I mean, it’s  pretty disturbing if you really think about it.

Consider how another weird black swan event  could cause society as we know it to crumble,  

leading to civil unrest and utter chaos.

Look: imagine if there was some kind  of crazy apocalyptic phenomenon like a  

zombie outbreak and the world  turning into a Walking Dead scenario,  

or if some deadly asteroid was going to  destroy earth, or if a supervolcano exploded,  

blocking out the sun, sending into an ice  age, or if aliens came to harvest the planet -

Let’s ask ourselves, seriously ponder,  how useful magic internet coins would be  

in any of these scenarios? Yeah. Completely  useless. In fact, all of those would render  

all investments pretty much useless, except for  maybe guns and bullets in a zombie outbreak.

Now don’t get me wrong, blockchain and  cryptocurrency technology will absolutely  

revolutionize the world, hopefully for  the better if it remains decentralized,  

but let’s not forget the whole point of  investing in anything in the first place.

What is the point of investing?

The whole point of investing for the most  part is to generate wealth and to protect it.  

Nice. Let’s move on to the next salient question.

What is the point of wealth?

The point of wealth is basically to ensure  that we and our families can try to live the  

best lives we can with the finite amount  of time we have together on this planet.

To help the “finite amount of time” aspect sink  in further, I’ll share with you a personal story  

from my life that really helped me overcome  the diamond hand, never selling cult mentality.

So, as some of my long term followers may know,  back during the 2017 bull run, I watched a about  

a $20 to $25,000 investment into crypto jump to  over $300,000 in value in less than a few months.

And the only thing I sold was EOS.  And the only reason I sold EOS is  

because it was the only project  I didn’t do my own research on.  

I literally watched a YouTube video  from an influencer that isn’t even  

around anymore who shilled EOS as the ETH  killer, and decided to diversify into it.

My strategy back during that cycle was  accumulating different platform tokens like ETH,  

NEO, IOTA, and threw some into EOS. Now, I don’t  remember the exact amount, but it was definitely  

less than $1,000. Maybe it was like a couple  hundred or up to $500 I invested into EOS.

And then, less than two weeks later it hit  all-time highs of around $20 per token.  

My $500 or so jumped to $20,000. And again, since  this was the only project I did zero research on,  

literally JUST based it off of  some YouTubers shill - I sold.

I didn’t sell anything else and shortly  after everything crashed by over 80% and 90%.  

Out of the $300,000 value of all of  my cryptocurrencies from an initial  

$20,000 investment, I made about $19,000  and used it to pay off my student loans.

Then the following year, of course uncle Sam  took like 30% of it. Fun fun. So after that,  

during the multi-year bear cycle, I accumulated.  And was hell-bent on pretty much never selling  

until like a decade or so. I was going  to diamond hand and not touch anything.

Was just going to grind out work and put every  single spare penny I earned into crypto for years  

and years to come. That was my personal oath to  myself until January of 2020, right before covid.

Just a heads up, I’m going to breeze through this  

personal anecdote as quickly as possible because  it is still very upsetting, so bear with me.

Here’s some back story, my favorite aunt and uncle  

were high school sweethearts, worked  hard, raised my three cousins,  

lived an awesome life, and were very fortunate  to be in a position to retire by around age 50.

So leading up to their retirement, they  were designing and building a house, getting  

ready to move back closer to family, just  the whole perfect american dream-type deal.

Retirement came, the house was  complete, and their plans for  

the rest of their lives was to spend time  with family and travel the world together.

I’m not sure how long they were living in  the newly built house, but in March of 2019,  

out of nowhere, no prior health conditions or  anything, out of nowhere was suddenly diagnosed  

with multiform glioblastoma, which is the most  rare and deadly brain cancer known to man.

In a flash, wasn’t able to speak,  after some surgeries lost complete  

control of half of her body, really really  bad stuff, and 10 months later she died.  

I believe she had just turned 50  or was about to, I don’t remember.

So here’s the deal guys, we don’t  know how long we are going to live,  

so please, take profits along the way and enjoy  how ever much longer you have to live because  

no one knows where the market is going and  no one knows how much time we have left.

I mean, do you really just want to stare  at some numbers on your screen forever.  

Or do you want to use some to  buy a nice house you can live in  

while still watching the rest  of the numbers on the screen?

Or how about taking a nice vacation  and watching the rest of the numbers  

on the screen on a beach in Thailand or in a  villa in Greece, or in a vineyard in Italy.

Don’t let people shame you for selling and  taking profits. Remember, we invest to generate  

and preserve wealth, and we use wealth to enrich  our finite lives and our families finite lives.

So, to try to further convince you to take profits  along the way, I asked my instagram followers to  

share with me how they have used their crypto  gains. And if you don’t follow me on instagram,  

the link to my one and only instagram  account is listed in the description area.

You can follow me there at  Instagram.com/CryptoCasey to  

ask me anything you want every wednesday  and for other general crypto content.

Cool. Here we go, I asked my audience this  question and this is what they shared.

Hey instagram followers, how  have you used your crypto gains?

Rental property, Acquired two  properties, travelled to two countries,  

helped pay off parent’s debt so  they could retire a few years early,  

bought a lap top so I can really  get in the game, hard wallet next,

Quick note, if you are interested in safely  securing your crypto on a hardware wallet,  

using the links below you can access  the correct and official sites of my  

recommended hardware wallets. BC  Vault is my personal favorite,  

another option are the ledger devices,  so scroll down to check them out.

Let’s continue: how have you used your crypto  gains: fendi bag, rescue dog, paid off car, family  

vacations in Tairona Park in Columbia, paid for  my with a celsius loan using ADA as collateral,  

making big chunks of truck payment. Will buy  an apartment soon so will sell a little to use,

buying and maintaining a vintage car,  

home improvements on my current home. Next  will be used to acquire a second home,

I’ve used my gains for sudden expenses such  as flat tires and broken washing machines,  

paid off a small debt and  bought a pure bread bengal cat,  

paid of car loan. Vacation next  year. Christmas gifts for the family,

bought a really nice road bike. I wouldn’t have  spent this amount if I didn’t gain from crypto,  

Got my wife a ten-year wedding ring,  paying off my kids student loans,  

still haven’t sold but borrowed  on eth and climbed kilimanjaro,

$8,000 dollar DCA’s paid off my wife’s masters  and my college loans, as well as both cars,  

From $32,000 in debt to $0 debt and house down  payment, break a poverty cycle in my family,  

paid off my debt. Paid off dad’s debt, bought a  mac. hospital bills from when my son was born,

Paid for my masters, maxed out my roth IRA,  

self-improvement and stock  education, paid off Jeep Gladiator,  

paid car registration fees, a down payment for a  house, paid taxes, building a big aeroponic farm,  

paid off debts. built generational wealth for  the family. and provided jobs to all the homies,

quit my yoga job and told my rich students to  stop yelling at the maids. also programming now,  

paid off some debt and moved out of my parents,  down payment on the dream house my wife and I  

are currently building, non-reimbursable medicine,  paid off my house and car - completely debt-free,

a thoroughbred race horse, home  downpayment, daughter’s tuition,  

helped my sister restart her life after  escaping the grips of her abusive husband,  

bought a tesla, accumulated enough to start  my own eth node, now I have passive income,

coke and hookers - lol, had to  have some comic relief there,  

some of these are heavy and still  heavier stuff to come, check it out -

down payment on a second home at the beach,  Nepal mount everest base camp, a road trip  

to california, a trip to Greece, tesla model 3,  a boat named boatcoin, travelled to thailand.  

also travelled to virgin islands. and got  scuba certified. next is skydiving school,

used UNI airdrop to totally pay  off credit card debt last year,  

deposit for buying my own apartment, i used  some gains to offer my parents a vacation,  

got the latest macbook pro using the gains, I  sold doge and paidoff one of my credit cards,

I used it to pay a down payment on a house,  my brothers stomach cancer treatment and my  

niece’s luchemia, buy a new house  for mommy, buying mining equipment,  

BlockFi collateral loan for downpayment on a  condo and will pay back the loan with gains,

Quick note, if you are interested  in gaining interest on crypto you  

are planning to hold for the long term or if  you are interested in borrowing against it,  

using the link below you can get up  to a $250 bitcoin bonus with BlockFi.

Let’s continue: an 18 foot fishing boat  with my dad from eth gains, invested 1k  

profited 4k and paid credit card debt that I  had used for my homebirth, debt. a new laptop.  

and two new phones for my parents, retiring at 26,  building a van and going on a yearlong road trip,

bought my parents a new 65 inch tv, paid my MBA,  

paid for a number of Ayahuasca ceremonies to help  deal with 5 deployments during the great war on  

terrorism, bought a thank-you cruise for my family  and in-laws, buying more appreciating assets,

paid for IVF treatment and got ourself a baby -  best thing ever!, paid off all secondary debt,  

didn’t spend but financially confident enough  to start a family. currently carrying twins,  

worked hard for 10 years & could never save a  dime. now i’m about to be a full time traveler,

also got laser eye surgery after  wearing glasses for 18 years,  

a zen buddhist meditation teacher  training course, paid for my wife’s  

citizenship and laser eye surgery, paid  off credit cards and bought a tattoo,

left 9-5 job and went back to  freelance, paid off my entire debt:  

car and credit cards. factory reset  life at 32 years old. saving for a home,

Amazing. So do you want to watch numbers go  up and down on your screen for the unknown,  

finite amount of time you have to spend on  earth with your friends, family, and pets,  

or do you want to enrich and live life now.?

Take. Profits. Fam. Please take  profits on this wild journey.

Awesome.

Thank you so much for taking  the time to watch this video.  

I hope you found it inspiring and insightful.  If you enjoyed the content, please make sure  

to like this video and subscribe to  my channel for more crypto content.

So do you now understand how important  it is to take profits in crypto?

What did you think about how others  have used their crypto gains?

How are you going to use your  profits from crypto gains?

Let me know in the comments below.

Be safe out there.