🚨URGENT!🚨 Altcoin Apocalypse Incoming (Protect Your Portfolio NOW)

**SPEAKER_1** (0:00)
Whoo, it's been a while, folks. Good afternoon, good morning, good evening. Wherever you're watching this show from, we have a lot to discuss. The dark truth of 99% of the altcoins in the crypto space. The end of an altcoin era is knocking, but the beginning of a new one is right behind it. And Wall Street apparently hates Bitcoin. Stocks are cruising.
SP500 having a little bit of a pullback today, but nothing like the bearish action that's been happening on Bitcoin. And a lot of people are talking about maybe the time to evict strategy from Bitcoin. So we're going to look at if that is even doable or if it's just hyperbole. Make sure on your way into the show to smash the like button, share the show out to the masses, and I'm going to be going back to my regular routine of doing a Blockchain Basement every single day. I'm going to make it happen. Thank you guys for joining me and spending your time with me. We're going to have a special guest that you know and love, and I really appreciate his insights coming on the show as well with me later today. And actually, just a few minutes, I'll cruise through some of the news headlines and things I want to cover first and then we'll be diving into the stories. So we have this coming up from Durial. And this is the ugly truth behind altcoins. This is the ugly truth behind altcoins that I must share.
He writes, let me give a proper explanation of how this shit works because I've seen a lot of fake news. When you see things with insane candles happening on random tokens like Lab, Rave, Momentum, etc., it's because there's a group of people that do what's called active market making. Almost all these active market makers are based in China and Asia and claim to be able to achieve results like Rave and Lab, but few can actually deliver. Typically, these AMMs, what they're called, will either approach your project prior to launch or after launch if certain conditions can be met, but scamming projects also look to approach them. Deal is usually that the AMM will put the capital needed to push the token to insane highs, you see, in a return for the project letting it commit crime. Their tokens, they split wherever the projects are once the crime is complete. So how's the crime work and how do the people involve profit? First thing you'll notice is that all these tokens have perp listings, usually Binance perps, but very few spot listings. This is very intentional. The first major requirement for the crime to happen is absolute control of the spot supply of the token. By that, it means a team or insiders need to control basically the entirety of the float. Rave Dow, for instance, insiders were estimated to control over 98% of the spot supply. What could go wrong? This is vital, because spot supply isn't controlled by insiders, can be sold into spot price being driven up by the perps to help prevent this. Another reason why tokens basically no spot listings or liquidity are chosen. You have market makers that are running up a lot of these scammy projects, and then they are quickly dying. And the problem with this is people notice the awesome price action to the upside. They hammer in, let's say you're watching it from 16 cents on lab. You're hammering in between 16 and 20 cents, and then all of a sudden, you're looking at a six or a six dollar token, right? A massive, massive drawdown. And some alts are experiencing kind of the run up and run down. Basically impossible to pick the right one within these new projects that just run up like crazy and then fall down on their face.
And this is where when I look at these projects that are losing the most day in and day out, because we're in a bear market, I'm coming to you to talk through kind of my survival plan on how I plan to survive this bear market, because they can be grueling, right? If we're getting crushed trying to hammer into these new projects just to make up for losses, that's usually how people end up getting destroyed. So keep that in mind, keep that in mind. And now, I want to see what this is. I got a warning from YouTube. What is this?
I'm going to ignore this warning from YouTube. I'm going to go ahead and ignore this warning from YouTube. Don't talk about ADA. We have to talk about Cardano. There's no way I can't talk about Cardano. Everything is going on with it.