Why 95% of Crypto Investors Stay BROKE (Simple Explanation)

**Drew Weidert** (0:00)
How Crypto Holders Go Broke. We're going to talk about it. We're going to talk about some of the worst calls maybe in crypto history today on the channel here. And I'm not holding back any punches on this show. It's Friday. I'm feeling risky. And we got a lot to discuss. We got a lot to discuss. The charts are looking grim. I stayed in my seat from the...
I stayed in the seat from the Discover Crypto Show. And we got some things to talk about here. So make sure to smash the like on your way in, share out the stream. We're doing a lot of things in the background of the Blockchain Basement that I'm pretty damn excited about as well, kicking back over to live streams and talking about the nitty gritty in the world and in crypto because it ain't all strippers and burritos out there. So make sure to give me a follow on X as well as I continue to expand the world of Drup into the nether realm here. Wonder, here it is, here it is. So give me a follow on this, bad boy. I am at, is this playing? I got to maybe mute my computer for the time being. I am at Drew Weidert on X. I am doxxed. I stay exposed to the world. And I mean what I say and I say what I mean here.
Did a little bit of a, I didn't hop in on this live, kind of like a discussion. This is basically where people argue about if the bear market is over with or not. You get some up only freaks, and then you get some people that are more macro based. Kelly does a great job hosting the show with Bitcoin IRA, a great partner of the channel. I definitely recommend you go listen to these. These are good macro analysis shows. And here's the situation. We fell below $61,000 in Bitcoin overnight, down $18,000 in the last 10 days. But the ugly part of this is strategies now sitting on $12 billion in unrealized losses. A lot of people freaking out, a lot of people losing their mind thinking that this is the end. And you know what? This is where I hit turbo charge in my excitement for crypto, because we're not buying green candles anymore. We are in Thunderdome, we're in the Zones, or the happy mistakes of purchases on scams can turn into an assload of money. But we gotta buy the right stuff at the right time. And how most people go broke in crypto is by buying giant green candles on projects that are being shield by some of the biggest losers that I've ever seen. And I've meet a lot of these people in person. They're veneers, they're facades of the person that they put out on the internet. What you get from me is my real unfiltered truth, my real personality. Now, there are some people that are a little upset with Michael Saylor. And the first and foremost person calling him out is Lily Phillips accuses Michael Saylor of stealing her idea of fucking 100,000 men a day. So, this might escalate. I'll be interested to follow this case as it progresses. Maybe it's a case, maybe it's not. Thank you for the shout out on the thumbnail as well. Those of you who know, know. And maybe it won't have a good tail end effect on people wanting to click into that one.
But I had to do it. I had to do it. Well, let's just... I'm so proud of the thumbnail. We're going to talk about the thumbnail. Where is this damn thing?
I got a little frisky. I'm not going to lie. I got a little frisky on this thumbnail.
Got a little frisky. Let's pull it up here.
Maybe I have to stop share and then share the entire screen.
I'm a little bit unhinged today. I'm not going to lie. So this is the thumbnail in all of its glory. I'm going to leave it. Maybe some people will come yelling at me about it. Who knows? But I'm here for it. I'm here for it. Rao Paul and the old Dev of Zcash, man. They have a good time. Now, Rao Paul, remember, he's calling for this so-called banana zone, right? This banana zone, sir. Expect volatility on the road to Valhalla. And this is an old idea. The banana zone was something that Rao Paul, I think he originally said it, and then just all the big names are like, we're ready for the banana zone. We're going to $100 trillion in market cap. Better load up, right? Maybe in 30 years, but people are looking for the here and now. They're looking for what's going to happen over the next few years. And yeah, you're right. They use that. There is no bad publicity stunt a lot, but a lot of people, unfortunately, follow that advice and get absolutely destroyed. So let's just go through a few clips on the track record of this young man. Have a listen.