How i lost over $300,000 in Crypto and went BROKE *LESSON*

Summary

In this candid cryptocurrency update, the creator reflects on their journey in the market, admitting to poor decisions that led to significant financial losses. They emphasize the importance of staying focused, having the right intentions, and using talents for good rather than solely for monetary gain. The creator shares their realization that they lost sight of their passion for content creation and the human connection it fosters. They apologize for their past inconsistencies and commit to being more transparent and dedicated to their audience.

Takeaways

• 😅 The speaker admits to making poor decisions in the cryptocurrency market, leading to significant financial loss.
• 📈 He was initially successful in predicting cryptocurrency trends, particularly with Bitcoin and Stacks.
• 🔮 As a Pisces, the speaker believes in having a natural ability to foresee market movements, which he has used to make successful investments.
• 📉 Despite past success, he experienced a substantial decline in value, going from $50,000 to $2,000 in a meme coin investment.
• 🎥 The speaker's initial motivation for creating content was to share knowledge about cryptocurrency, not to make money.
• 💸 Over time, the focus shifted to making money, which led to a loss of passion and authenticity in content creation.
• 🤔 The speaker questions the purpose of accumulating wealth without a clear intention or plan for its use.
• 🚫 He emphasizes the importance of staying true to one's core values and not straying from one's area of expertise.
• 📢 The speaker plans to refocus on creating content out of passion, rather than monetary gain, and to be more transparent with his audience.
• 🙏 He apologizes for his past behavior and seeks forgiveness, aiming to reconnect with his audience and reestablish his content creation.

Q & A

What was the main reason for the speaker's loss in the cryptocurrency market?

The main reason for the speaker's loss was making poor decisions and getting out of their comfort zone, rather than external factors like hacks.

What did the speaker initially invest heavily in?

The speaker initially invested heavily in Bitcoin and some projects on Stacks.

Why does the speaker believe they were good at predicting which coins would increase in value?

The speaker believes their ability to predict coin value increases is due to their nature as a Pisces, which they associate with having a pre-knowledge of trends and understanding of charts.

What was the speaker's experience with the meme coin 'pleb'?

The speaker bought 'pleb' and initially did well, but they never cashed out. Eventually, the value of their investment in 'pleb' declined significantly from fifty thousand dollars to about two thousand dollars.

Why did the speaker start making videos about cryptocurrency?

The speaker started making videos because they believed people wanted to hear information about cryptocurrency, not primarily for monetary gain.

What mistake did the speaker realize they made with their video content?

The speaker realized they started making videos primarily to make money, which led to a lack of organization and a focus on monetary value over the joy of creating content.

What lesson does the speaker want to convey about the use of talents?

The speaker wants to convey that talents should be used for good and to connect with people, rather than solely for monetary gain.

How did the speaker's focus on money affect their content creation?

The speaker's focus on money led to a decline in the quality and frequency of their content, as they only made videos when their investments were doing well.

What is the speaker's current stance on cryptocurrency investments?

The speaker currently does not have any cryptocurrency investments and is focusing on using their voice for content creation rather than monetary gains.

What apology does the speaker offer to their audience?

The speaker apologizes for not being there for their audience during hard times, for being unorganized, undedicated, and for focusing too much on money.

What is the speaker's advice on the importance of intentions behind actions?

The speaker advises that intentions behind actions should be clear and meaningful, and not solely focused on monetary value, as money is a secondary aspect of one's talents.

Outlines

00:00

📉 Cryptocurrency Losses and Lessons Learned

The speaker reflects on their experience in the cryptocurrency market, admitting to making poor decisions that led to significant financial losses. Initially successful in predicting market trends, particularly with Bitcoin and Stacks, the speaker's downfall came from straying from their expertise and investing in meme coins like 'pleb' without cashing out. The narrative emphasizes the importance of staying focused, having clear intentions, and not being driven solely by monetary gains. Despite once having substantial earnings, the speaker admits to not having a plan for the money and ultimately losing much of it due to lack of organization and prioritizing making videos for monetary reasons rather than passion.

05:02

🎥 Rediscovering Passion for Content Creation

In the second paragraph, the speaker discusses their journey back to their true passion for content creation, particularly making videos about cryptocurrency and blockchain technology. They acknowledge losing sight of their original purpose, which was to inform and connect with an audience, and instead becoming preoccupied with making money. The speaker admits to being unorganized and inconsistent in video production, which affected their success on YouTube. They express regret for prioritizing monetary gains over their love for creating content and for not being there for their audience during tough times. The speaker concludes by emphasizing the importance of health and support from their audience, vowing to be more transparent and active in the future.

Keywords

💡Cryptocurrency

Cryptocurrency refers to digital or virtual currencies that use cryptography for security and operate independently of a central bank. In the video, the speaker discusses their experiences in the cryptocurrency market, highlighting the risks and lessons learned from making poor investment decisions.

💡Blockchain

Blockchain is a distributed ledger technology that records transactions across multiple computers so that the record cannot be altered retroactively without the alteration of all subsequent blocks. The speaker mentions blockchain as part of the update on cryptocurrency, indicating its foundational role in the technology behind digital currencies.

💡Investment Decisions

Investment decisions refer to the choices made by an investor regarding the allocation of their capital. The video script discusses the consequences of the speaker's investment decisions in cryptocurrency, which led to significant financial losses due to being out of their comfort zone.

💡Comfort Zone

Comfort zone is a term used to describe a state of psychological comfort or ease within a familiar environment, routine, or set of circumstances. The speaker admits to stepping out of their comfort zone by investing in unfamiliar projects, which contributed to their financial downfall.

💡Pleb

In the context of the video, 'pleb' refers to a meme coin, which is a type of cryptocurrency that is based on an internet meme or joke. The speaker talks about their experience with pleb, where they initially made a profit but did not sell, resulting in a significant loss when the value declined.

💡Portfolio

A portfolio in finance refers to a collection of financial assets such as stocks, bonds, commodities, or in this case, cryptocurrencies. The speaker mentions their portfolio to illustrate the ups and downs they experienced in the cryptocurrency market.

💡Intention

Intention in this context refers to the purpose or aim behind an action or endeavor. The speaker emphasizes the importance of having a clear intention behind one's actions, suggesting that they lost sight of their original purpose in creating content for their channel.

💡Talents

Talents are natural abilities or skills that a person possesses. The video script discusses the idea of using one's talents for good, rather than solely for monetary gain. The speaker reflects on how they initially used their talent for communication to create content but later became more focused on financial outcomes.

💡YouTube

YouTube is a video-sharing platform where users can upload, share, and view content. In the script, the speaker mentions YouTube as the platform where they share information about cryptocurrency and connect with their audience, but also acknowledges a shift in their focus from content creation to monetary gains.

💡NFTs

NFTs, or non-fungible tokens, are unique digital assets that represent ownership of a specific item or piece of content on the blockchain. The speaker expresses a passion for discussing NFTs and their potential use cases, indicating a desire to return to creating content about these topics.

💡Metaverse

The metaverse refers to a collective virtual shared space, created by the convergence of virtually enhanced physical reality and physically persistent virtual reality. The speaker mentions the metaverse as a subject they are passionate about discussing, reflecting their interest in the future of digital spaces and technologies.

Highlights

The speaker admits to making poor decisions in the cryptocurrency market, emphasizing the importance of staying in one's own lane and focusing.

A lesson is shared about the consequences of acting outside of one's comfort zone and making decisions for the wrong reasons.

The speaker reflects on being heavily invested in Bitcoin and Stacks, and their ability to predict market movements.

Mistakes made with meme coin 'pleb', including not cashing out when the investment did well, leading to a significant loss.

The speaker clarifies that they did not promote 'pleb' or 'Pepe' to manipulate the market but believed in their potential.

A realization that the pursuit of money overshadowed the speaker's original passion for creating content about cryptocurrency.

The importance of having a clear intention and plan for the use of funds earned from investments is highlighted.

The speaker admits to losing focus on their channel's original purpose and becoming preoccupied with monetary gains.

A personal confession about the speaker's lack of a plan for the large sums of money they had in their account.

The realization that the speaker's talent lies in communication and community building, not solely in financial gain.

A call to action for the audience to use their talents for good and not just for monetary purposes.

The speaker acknowledges their loss of organization and dedication, which led to a decline in video production.

An apology for not being there for the audience during difficult times and a promise to be more transparent and active.

A final lesson that money is not everything, and that health and support from others are more important.

The speaker expresses hope for forgiveness and a fresh start, aiming to reconnect with their passion for content creation.

Transcripts

what's going on guys shiny Bitcoins back

with another cryptocurrency and

blockchain update smash the like guys

this video is gonna be

all about you guys and all about me

admitting to what exactly happened to me

in the cryptocurrency market

um it's not the best of stories but it

might be a lesson to everyone uh to stay

in your own lane

um stay focused

and don't do things for the wrong

reasons

um and have an intention behind

everything that you do

um I was actually doing extremely well

in the crypto Market

uh and I realized something along the

way once I lost a lot of funds uh not

due to a hack due to stupid decisions

um

and just getting out of my comfort zone

which was

um you know I was extremely invested in

some projects on Stacks

um

and in Bitcoin actually a few years ago

I was extremely invested into Bitcoin

heavily invested and I was really

compelled on the future of

cryptocurrency and mostly Bitcoin but

along the way

I started to get really good at

predicting which all coins were going to

explode

um and you know I'm a Pisces and we

actually have this nature of knowing

things

um having pre knowledge to things before

they happen

um and it's just part of my nature I

understand Trends I understand charts I

can understand when something's gonna

happen

um is that always the case no I've been

wrong plenty of times and the last time

was actually a perfect example I told

people to buy pleb it was a meme coin I

actually ended up doing really good on

my purchase of pleb but

I never cashed out I never sold my my

bags and I don't make videos to pump my

bags and then sell them on people that's

not what I do I did make videos to you

know show people the importance I mean

not the importance but I made videos to

show people why they might want to buy

pleb and I thought it might explode for

other people like it exploded for me but

that's not the case uh always

and you know like I said I didn't tell

you guys to buy pleb or buy Pepe so that

I could sell my bags

it's not what it was I just thought that

this was going to be a coming Trend and

it was gonna blow up and it still might

blow up but the thing is

um I went from like fifty thousand

dollars in pleb all the way down to

about two thousand dollars 25x uh

decline

um and I was actually in some really

good projects before I sold the money

for pled uh before I sold the cryptos

for plug but the whole point behind this

whole story guys is

I got out of my comfort zone and I

really like making videos for you guys

and um I started to make videos to make

money and I always had money in the back

of my mind hey am I gonna am I gonna

make money is are these videos gonna

um make my bags go up basically and not

even just that but always thinking about

the money aspect behind everything and

that's not why I started this channel I

started the channel because I thought

people wanted to hear information about

cryptocurrency but along the way I kind

of lost my uh my thoughts you know my

train of thoughts and I think this goes

for a lot of people in crypto

um you might be in it for the wrong

reasons you might be in it for the money

the monetary aspect but what are you

going to do with that money once you

eventually get it because I had 5200 so

200 to 300 000 in my account and I never

touched it I never sold my L Ron bags

when I went up to 250 000 after

predicting that it would happen

what's the lesson in all this is to know

what you're gonna do with those funds or

know why you want the money in the first

place

um what I like to do is I like to make

content I like to do it every single day

it was the happiest time of my life when

I was making YouTube videos every day

for you guys and just hearing the

feedback and even the recognition the

acknowledgment is what I really wanted

out of this it wasn't monetary value now

that I've in hindsight I realized

um even when I got all that money I

didn't even know what to do with it I

didn't sell a dime my mom always asked

Sean why don't you sell some of that

crypto you made you could do this you

could do this I said no I'm good I

realized that I never had a plan once I

actually got the money

um and the whole point behind this is to

have an intention behind everything you

do

and use your talents for good you know

not not just for money money is just

like a secondary aspect of your talents

you know use your talents to connect

people

or do what the best of your talents can

do my talent was to community is

communication and I realized along the

way I kind of lost that too I got

extremely unorganized with putting

videos out I only cared about making

money

um and if the if I wasn't doing good in

my portfolio then I wasn't going to make

any content so I mean kind of got caught

in this Loop of you know money and uh

money is like secondary to what I really

like to do which is make content talk to

I mean I'm talking to the camera but I

like to make videos with other people

um and display their projects and you

know show people people's nft projects

and I like to do this every single day

it's my passion to wake up

and talk about crypto and talk about the

use cases and what can actually become

the metaverse nfts

it's the connection and the human

connection that I actually miss and I

realized that along the way I lost that

too so it's a lesson to everybody

especially to myself

um stay in my own lane

uh don't worry about the monetary value

of the cryptocurrencies right now I

don't have a dollar in crypto guys I

don't have one single penny in crypto

but what I do have is my voice and um I

plan to use it a lot more if you guys

will forgive me uh for being extremely

unorganized undedicated

um and just out of whack and only

focusing on money I mean it doesn't get

you anywhere as a perfect example to you

guys my history you guys see I had a lot

of success on YouTube but uh it never

got me anywhere because of the an

organization

um and people can probably see right

through that I was only making videos

when my bags were pumping and it's hard

to keep that it's hard to sustain that

so my lesson to everybody is stay

focused use your talents for good make

YouTube videos about that and focus on

money later and money will probably flow

to you I was making a lot of money just

for my videos and I lost all that to

because I stopped making videos

um I want to be truthful and I'm making

this video because I want to be honest

transparent uh with my past and with

everybody that has supported me and I

apologize for not being for there for

you guys when things got really hard

and uh I just hope to make it up

and uh I hope I can get off on the right

foot and it's a lesson to everybody

money is not everything your health is

more important and uh the people that

support you is probably the most

important thing to me so hope you guys

enjoyed this lesson and I'll try to be

more active and try to be more

transparent with you guys really

apologize and I hope you guys forgive me

have a blessed day

it