MILLIONS WIPED OUT! The Trap That Destroys Bitcoin Traders Overnight — Transcript

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1. 0:00He's like, "It's starting to finally hit
2. 0:01me that I lost a hundred million dollars
3. 0:04due to leverage. We're losing some of
4. 0:07the gains right now, but overall, we
5. 0:08only had a plus 75 million yesterday.
6. 0:11You would figure we would have like a
7. 0:12plus 500 million yesterday, a plus
8. 0:15billion yesterday, right? All
9. 0:16enthusiasm, but not really."
10. 0:20And ETH did finally have a reversal. I
11. 0:23mean, look at how much red there has
12. 0:25been over the last few weeks. Did have a
13. 0:27good reversal. Soul didn't have
14. 0:29anything. XRP didn't have anything. I
15. 0:32don't know. They just balanced out or no
16. 0:35numbers. But yeah, yesterday should have
17. 0:37been a better day. Should have been a
18. 0:39better day. Um, one thing that I did
19. 0:42predict before and now it's coming true
20. 0:45is a lot of the miners that left Rayi
21. 0:47because
22. 0:49it looked greener at the time. It looked
23. 0:51like a smarter idea.
24. 0:54Now they're all coming back. [laughter]
25. 0:59because now that AI is a little bit
26. 1:01weaker, okay, and all this anti-data
27. 1:04center stuff, they're they're probably
28. 1:06not as profitable as they once were. And
29. 1:08now Bitcoin mining has become more
30. 1:11profitable. So, a lot of them are
31. 1:12probably going to come back. And I've
32. 1:14said that, too. And Bitcoin, you know,
33. 1:16the whole thing about the difficulty, it
34. 1:18adjusts every two weeks. So, if a whole
35. 1:20bunch of miners leave, then the
36. 1:22difficulty drops tremendously and the
37. 1:24profitability goes up tremendously. So,
38. 1:26those that actually stood in, just like
39. 1:28long-term holders, are the ones that
40. 1:30benefited the most, not the ones that
41. 1:33tried to flip-flop. And you're going to
42. 1:35see a lot of them are going to announce
43. 1:37that they're coming back to Bitcoin or
44. 1:40fully into Bitcoin because now it's not
45. 1:42that profitable for them anymore to be
46. 1:44an AI.
47. 1:46You're going to see a lot of that. But
48. 1:47this says, yeah, in October, you know,
49. 1:50there there were just too many miners
50. 1:52selling out and converting. They're go
51. 1:54they're gonna come back. They're gonna
52. 1:56come back. Now,
53. 1:59uh yesterday it was also reported that
54. 2:01Trump media moved
55. 2:04342 million in Bitcoin to Crypto.com.
56. 2:09I can't really think of a good reason
57. 2:12why they would do that
58. 2:15other than
59. 2:17to sell it
60. 2:19right now. Why would they be doing that?
61. 2:22Why would it be selling now?
62. 2:27I don't know. Maybe
63. 2:29Trump and family are afraid that they're
64. 2:32going to get attacked over this because
65. 2:35Trump and family have made like a
66. 2:38billion dollars in the last year uh in
67. 2:41terms of crypto gains and crypto profit,
68. 2:45right? all the way down the whole family
69. 2:47chain like from Melania to Don Jr. to
70. 2:53Eric to Baron
71. 2:56like every single family member above
72. 2:58like 13 years old. Um I don't know if
73. 3:02there's any I don't know if Trump has
74. 3:04any younger kids. I think Baron is his
75. 3:06youngest kid. No, I I think he has a
76. 3:07younger kid. Um but anyways, this may be
77. 3:10related to that, right? like maybe
78. 3:13they're trying to get rid of and not
79. 3:15only that, you know, you you got still
80. 3:18everything that that was made from
81. 3:21Trumpcoin, Melaniacoin, and then, you
82. 3:24know, don't forget they also have
83. 3:26American Bitcoin, which is a mining
84. 3:28company, and they also have World
85. 3:31Financial, which is in a nasty lawsuit
86. 3:33with Justin Sun right now of Tron, and
87. 3:36he's making it very public,
88. 3:39right? So all these entities
89. 3:42that's related to Trump and family are
90. 3:45going to be heavily looked at and
91. 3:47scrutinized going forward. I know that.
92. 3:50So I don't know if this is the first
93. 3:53move and it's not a good one because
94. 3:56selling 342 million Bitcoin right now
95. 3:59it's going to affect obviously our
96. 4:00recovery. But um
97. 4:04maybe maybe all tied together because
98. 4:06they're they know that they're going to
99. 4:08get looked at, right? It was just like
100. 4:10it was too prevalent. I mean I said I
101. 4:12made this point yesterday. All of us in
102. 4:14crypto we we appreciate and understand
103. 4:17all the great things that are happening
104. 4:19and all the new framework and how the
105. 4:21CFTC and SEC operates, right? Allowing
106. 4:24innovation and allowing companies,
107. 4:26American companies to prosper with
108. 4:28Bitcoin and crypto. And it's still
109. 4:30moving forward. None of that has
110. 4:31changed. But it was pretty obvious what
111. 4:34was going on. all the corruption, all
112. 4:36the things that were let go, things that
113. 4:39most people just turned a blind eye to
114. 4:40and said, "Ah, okay, whatever. They can
115. 4:42get away with it. They're the Trump
116. 4:44family. No one's going to go after
117. 4:46them." That's kind of changed if you
118. 4:49think about it now.
119. 4:51Um, so
120. 4:53yeah, the whole family's
121. 4:56they got to they got to watch out. They
122. 4:58got to watch out what they're doing. But
123. 4:59you know, the good thing is they could
124. 5:01always get pardoned. Every single one
125. 5:02could get pardoned. So, I guess they
126. 5:04don't really have to worry, but they're
127. 5:07all get pardoned for sure.
128. 5:09Um, unless it's a state thing. That's
129. 5:12the thing. You can't pardon state
130. 5:13crimes. You can only pardon federal
131. 5:15crimes.
132. 5:19Something interesting to think about.
133. 5:21Uh, outside of that, we had oh, close to
134. 5:25another billion liquidation from both
135. 5:28sides, shorts and long side.
136. 5:32Um, you know, obviously we had a big
137. 5:34rally. I saw a tweet yesterday, someone
138. 5:37that said over the last three years or
139. 5:39two years,
140. 5:41uh, he made, what is it, $380,000
141. 5:45with leverage,
142. 5:47like he basically shorted a market and,
143. 5:50you know, he made a whole bunch of money
144. 5:51just holding it. And he said that he,
145. 5:54you know, he thought that
146. 5:57he was going to, uh, make more after
147. 6:00elections. He thought things were going
148. 6:02to go down and then we had a sudden
149. 6:04$5,000 gain on Bitcoin and he got
150. 6:07liquidated all overnight. He didn't have
151. 6:09a set stop gap, nothing like that. He
152. 6:13just lost it all. He said he was looking
153. 6:15at getting a new Porsche and that's not
154. 6:17a case anymore. So within one night, he
155. 6:21lost what he made in like a few
156. 6:25it was a few months or a few years or
157. 6:26something like that. I I don't know what
158. 6:28it is, but it just goes to show you that
159. 6:31that's that's how dangerous leverage is,
160. 6:33right? When things are going good,
161. 6:36everyone feels like they're a genius,
162. 6:40right? With leverage, because you're
163. 6:42multiplying your gains by 3x, 5x, 10x,
164. 6:4620x, 100x, right? I just saw something
165. 6:48that James Win just posted. He's like,
166. 6:51"It's starting to finally hit me that I
167. 6:53lost $100 million due to leverage.
168. 6:59>> [gasps]
169. 6:59>> the guy somehow I still don't believe
170. 7:01it. I I feel like he's a plant for
171. 7:04Hyperlid. Uh the guy put on some crazy
172. 7:08longs back in the day and supposedly he
173. 7:12turned, you know, whatever amount into
174. 7:17$100 million, nine figures
175. 7:21and he got liquidated during the last
176. 7:24few months. He never cashed out, never
177. 7:27let it go. Again, I I feel like it's I
178. 7:29feel it's fake. I I don't believe anyone
179. 7:32that made a hundred million,
180. 7:34didn't pull some of it out,
181. 7:37[clears throat] or didn't set a stop
182. 7:38loss or didn't do anything, just wrote
183. 7:40it all the way down to zero.
184. 7:43I have a hard time believing that.
185. 7:44That's just I I just don't believe it. I
186. 7:47feel like that's all fake or given money
187. 7:50or account that Hyperlquid gave it to
188. 7:52him and and he was the biggest
189. 7:54spokesperson and you know that's how
190. 7:56Hyperlid got big is everyone start going
191. 7:58on and following his trades and stuff. I
192. 8:01don't know. I just I have a hard time
193. 8:03belieing. But you know, my point is
194. 8:05liquidations
195. 8:08uh they wreck people. They wreck the
196. 8:10whole space.
197. 8:12So just be careful. It's a drug. Once
198. 8:15you get started, you really don't ever
199. 8:18leave. You just kind of want to always
200. 8:21do it because you want to recover what
201. 8:22you have lost, but then it just pulls
202. 8:24you in.