SCAM? YOU'LL EITHER MAKE MILLIONS! 💰 OR LOSE EVERYTHING!! (WATCH FAST!) IF YOU HOLD BRETT! (URGENT!)

In this video, the speaker addresses rumors that the cryptocurrency 'Bret on Base' is a scam. Despite a significant drop in value, the speaker shares their opinion that the coin could potentially make investors millions or result in a total loss. They discuss the risks associated with meme coins and the importance of being prepared for the possibility of losing one's entire investment. The speaker also emphasizes the role of influencers and market hype in driving the value of such coins. They highlight a recent token burn by the Brett on Base treasury and speculate on the potential for a V-shaped recovery, drawing parallels with previous experiences in the crypto market. The video serves as a candid discussion on high-risk investments and the speculative nature of meme coins.

Takeaways

• 💰 The speaker discusses a rumor that Bret on Base might be a scam and shares their personal opinion on the cryptocurrency's potential to make or lose money.
• 📉 The token has recently experienced a significant drop in value, falling almost 50% in the last 7 days, which the speaker sees as a buying opportunity.
• 📈 The speaker has invested in Bret on Base, believing it could potentially offer high returns, despite the risks involved.
• ⚖️ It is mentioned that 80% of the tokens were bought by whitelisted users, which has caused controversy and speculation about the project's legitimacy.
• 🚫 The speaker emphasizes that investing in such high-risk tokens is akin to buying a lottery ticket and that one should be prepared to lose their entire investment.
• ⛓ The video is not sponsored, and the speaker is simply sharing their opinion as an investor, not as financial advice.
• 👀 The speaker suggests that influencers and market hype play a significant role in the success of meme coins like Bret on Base.
• 📈 The speaker highlights a past example with Satoshi VM, where despite a drop in price during an AMA, the token later experienced a significant increase.
• 🔥 The speaker is betting on a V-shaped recovery for Bret on Base, hoping for a substantial return on their investment.
• 💸 There is a discussion about the importance of controlling emotions when investing in cryptocurrency and considering the bigger picture.
• 🔍 The speaker investigates the reasons behind the price drop and shares their findings, urging viewers to do their own research before investing.

Q & A

What is the main topic of discussion in the video transcript?

The main topic of discussion is the speculation around whether 'Bret on base' is a scam and the potential risks and rewards of investing in this cryptocurrency.

What is the speaker's opinion on the rumors that Bret on base is a scam?

The speaker is skeptical of the rumors but also sees potential in the cryptocurrency. They believe it's a high-risk investment that could either result in significant financial gain or loss.

What was the significant event that happened with Bret on base in the last 7 days?

The significant event was a substantial drop in the value of Bret on base, falling almost 50% in the last 7 days.

Why did the speaker decide to invest in Bret on base despite the risks?

The speaker decided to invest due to their experience in crypto and the belief that the current situation presented a good buying opportunity. They are prepared for the possibility of losing their investment or making a substantial profit.

What is the speaker's view on the importance of influence in crypto projects?

The speaker believes that influence plays a crucial role in the success of crypto projects. They suggest that if a project continues to gain attention and hype, it can potentially recover and increase in value.

What is the speaker's advice regarding investing in high-risk crypto projects?

The speaker advises that investors should be prepared to lose all their money when investing in high-risk projects. They also emphasize the importance of controlling emotions and looking at the bigger picture.

What is the speaker's strategy when they believe a cryptocurrency is oversold?

The speaker's strategy is to buy more of the cryptocurrency when it is oversold, with the expectation that the value may rebound and result in a profit.

How does the speaker react to the situation where only a certain number of people were able to buy the token early?

The speaker acknowledges the frustration but chooses to focus on the potential buying opportunity presented by the situation rather than being deterred by it.

What does the speaker suggest about the behavior of the top holders of Bret on base tokens?

The speaker speculates that if the top holders are not selling their tokens despite the drop in value, they might be holding for a reason, possibly believing in a future recovery of the cryptocurrency.

What is the speaker's final verdict on Bret on base?

The speaker believes that Bret on base could potentially be a good buy, but it's a high-risk investment. They are betting on the possibility of a significant recovery and price increase.

What is the speaker's approach to dealing with the emotional aspect of investing in cryptocurrencies?

The speaker emphasizes the need to control emotions and not let feelings of unfairness or fear drive investment decisions. They suggest looking at the bigger picture and the potential for future gains.

Outlines

00:00

💸 Investing in Crypto: High Risk, High Reward

The speaker discusses the speculative nature of investing in a particular cryptocurrency, Bret on Base, which is rumored to be a scam. They share their candid opinion on the potential risks and rewards, highlighting the recent price drop and their decision to invest despite the controversy. The speaker also touches on the importance of not letting emotions drive investment decisions and the need to look at the bigger picture when considering high-risk investments.

05:00

📉 Analyzing Market Behavior and Rumors

This paragraph delves into the speaker's experience with crypto investments and their approach to dealing with market rumors and the speculative nature of certain coins. They discuss a specific instance with Satoshi VM, where despite negative sentiment and a significant price drop during an AMA, the coin later increased in value. The speaker emphasizes the importance of understanding the nature of 'meme coins' and being prepared for the possibility of losing the entire investment or gaining substantial profits.

10:03

🚀 The Potential for Recovery and Holding Strategy

The speaker explores the possibility of a V-shaped recovery for Bret on Base, suggesting that if the market hype returns, the coin could experience significant gains. They discuss the token's current circulating supply and the behavior of major holders, questioning why these holders have not sold their tokens despite the recent drop. The speaker shares their personal investment strategy, which involves buying the token at a low price with the hope of a future recovery, and emphasizes the speculative and high-risk nature of such investments.

15:03

🤔 Navigating Emotions and Market Opportunities

In the final paragraph, the speaker addresses the emotional aspect of cryptocurrency trading and the importance of controlling one's emotions to make rational investment decisions. They encourage viewers to consider the potential for future gains when a token is significantly oversold and to look beyond the immediate sense of unfairness that may arise from others investing before them. The speaker also promotes their Patreon service, which offers exclusive guidance and insights into the crypto market.

Keywords

SCAM

A scam is a fraudulent or deceptive scheme carried out for personal gain or to damage another individual. In the context of the video, the speaker is addressing rumors that 'Bret on base' is a scam, which implies it might be a fraudulent cryptocurrency project. The speaker shares their opinion on the legitimacy of the coin, which is central to the video's theme of investment risk and potential rewards.

Millions

Refers to a very large sum of money, often used to express the potential financial gain from an investment. In the video, the possibility of making millions is used to highlight the high-risk, high-reward nature of investing in certain cryptocurrencies, particularly 'Bret on base', which the speaker is evaluating.

Crypto

Short for cryptocurrency, which is a digital or virtual currency that uses cryptography for security. The video is focused on discussing a specific cryptocurrency called 'Bret on base', making 'crypto' a core concept as it sets the context for the entire discussion.

Token

In the context of cryptocurrencies, a token represents a digital asset on a blockchain that can be traded and has its own value. The video discusses the buying and selling of a specific token, 'Bret on base', and the potential risks and rewards associated with it.

Whitelisted users

Whitelisted users are individuals who have been given early access or special privileges, such as the ability to purchase a token before it is available to the general public. The script mentions that 80% of the tokens were bought by whitelisted users, which is a point of contention and a key factor in the speaker's analysis of the investment.

Dump

In financial terms, a 'dump' refers to the act of selling a large amount of an asset, often causing a drop in its price. The video mentions a 'disgusting dump', indicating a significant drop in the price of 'Bret on base', which is a critical event influencing the speaker's investment decision.

DCA (Dollar-Cost Averaging)

Dollar-cost averaging is an investment strategy where an investor buys a fixed dollar amount of a particular investment on a regular schedule, regardless of the price. In the video, the speaker mentions the possibility of using DCA if the price of the token falls further, indicating a long-term investment approach despite market volatility.

Influencers

Influencers are individuals who have the power to affect the purchasing decisions of others because of their authority, knowledge, position, or relationship with their audience. The video discusses the role of influencers in shaping the perception and value of cryptocurrencies, particularly in the context of meme coins like 'Bret on base'.

Market Cap

Market capitalization is the total value of a company or, in the case of cryptocurrencies, the total value of a token or coin in circulation. It is calculated by multiplying the price of the asset by the number of units outstanding. The speaker refers to the market cap of 'Bret on base' as '299k cap', which signifies the current valuation of the cryptocurrency.

MEME coins

MEME coins are cryptocurrencies that are based on internet memes and are often characterized by high volatility and speculative trading. The video discusses 'Bret on base' as a potential MEME coin, emphasizing the speculative nature of investing in such assets.

ZK-proof (Zero-Knowledge Proof)

Zero-knowledge proofs are cryptographic methods that allow one party to prove to another that a statement is true without revealing any information apart from the validity of the statement. In the context of the video, the speaker mentions ZK-proofs in relation to the technical capabilities of the 'Bret on base' cryptocurrency, indicating a level of technical sophistication expected from such projects.

Highlights

Rumors suggest Bret on base might be a scam, prompting a discussion on the topic.

The speaker shares their honest opinion on whether investing in this coin could lead to significant gains or losses.

It is mentioned that 80% of the tokens were bought by whitelisted users who had early access.

The token's value has dropped by almost 50% in the last 7 days, leading to a buying opportunity.

The speaker bought the token despite the risks, highlighting their belief in its potential for high returns.

The current market cap is 299k, and the speaker is considering further investment if the price drops more.

The speaker discusses their experience with Satoshi VM and how high-risk investments can still yield positive results.

The video emphasizes the speculative nature of meme coins and the importance of being prepared for the possibility of losing the entire investment.

The speaker advises viewers to ignore rumors and focus on the bigger picture, including the potential for future gains.

A recent tweet about Bret CH treasury burn is mentioned, indicating a significant financial move by the project.

The speaker analyzes the token holders and their potential impact on the market, questioning why they haven't sold their holdings.

The possibility of a V-shaped recovery for the token is discussed, comparing it to previous market behaviors.

The speaker shares their personal investment strategy, including the amount they've invested and their expectations.

Emotions are highlighted as a factor that can cloud judgment when investing in crypto, and the importance of a broader perspective is emphasized.

The speaker provides a verdict on Bret on base, suggesting it could be a good buy despite the risks.

The potential for the token to reach a market cap of 3 billion is explored, based on current conditions and past trends.

The speaker encourages viewers to control their emotions and consider the opportunity presented by the current market situation.