The author correctly identifies that crypto value is purely social, effectively rebranding the "greater fool" theory as "community engagement." It is a sobering admission that in this market, technical utility is merely a distraction from the underlying popularity contest.
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❤️💛💚💙 🙏 Donation Address: yourfriendsommi.eth / yourfriendsommi.pls 🔔 Click Subscribe + Bell Button 'All' 🐦 X: https://x.com/yourfriendSOMMI 💬 Telegram: https://t.me/yourfriendsommiofficial 🎵 TikTok: https://tiktok.com/@yourfriendsommiOfficial 📷 Instagram: https://instagram.com/yourfriendsommiOfficial 🌲All Links: linktr.ee/YourFriendSommi Thankyou for Donating, Following, Subscribing 🙏🏼 ❤️💛💚💙 Timestamps 00:00 Crypto is Tough 00:50 Big Charts 03:00 HEX on Coinfessions 04:10 Wisdom from 2021 04:45 Recheck Thesis 05:50 Pokemon Cards 06:30 Survivorship Bias 08:00 GREED 09:20 Passion 11:00 Fake Gurus 12:00 STRATEGY 13:15 Avoid Losers 15:00 The Plan 15:40 Euphoria Scams 18:00 Ponzi Trap 18:53 GOLD and SILVER 20:20 Baby Boomer Wealth Transfer 22:00 Soyboys 23:40 Coins DeListed 25:00 Community is the Asset 26:00 Bitcoin 26:20 Digital Real Estate ***Disclaimer*** Cryptocurrency is the most risky investment in the world. You can lose all your money. Volatility is guaranteed. We are lucky it even works at all. You accept all responsibility. You click the buttons and are in control. Nobody is forcing you to do anything. None of this is Financial Advice. This is all entertainment and speculation. You should consult a Financial Advisor.
Crypto has been really tough, hasn't it?
I have even been abused by a barber questioning why the hell would anybody be in this stupid industry when it's not making money for 5 years? And as I mentioned for you earlier, I I mentioned to him, I go, "Hey, you you said you wanted to buy gold about 2 or 3 months ago." He said, "Yes." And I told him, "Did you know gold went nowhere for 13 years?" Right from 2011 to 2024, literally 13 years, gold went literally sideways and then in a 2-year period, it went up to the moon. It's interesting, friends, how it doesn't matter what happens, what chart, what logic, it doesn't matter, okay? People are always constantly throwing this stuff out, but you've got to decide, are you going to crack? I want to show this to you. Would you buy this chart, friends? Would you buy that chart? This coin went up 26,100x.
Would you buy that? I know two people who bought it right up here. Would you call him stupid and poor? You might.
Hey, I'll never buy anything up 26,100x.
Okay, that coin is Bitcoin. And those people are Richard Hart and Da Vinci J15.
Interesting, isn't it? They went long at the top. They literally bought it at 32 bucks. Went down to a $2 after that point. Okay, next chart. Would you buy this? Would you buy that chart, friends?
It went up 2,000x in 90 days pretty much. Yep. 2,000x this 90day period.
You're like, there's no way you would buy something up 2,000x.
Really? Okay, that coin is called Shibainu and it did another 1,000x after that. Isn't that crazy? That's wild.
Yep, it did. It did a 2 million x return pretty much. Okay, huge.
Would you buy this chart?
It did a60x return straight line.
People were buying it at the ICO for 31.
Then it went up to 50 bucks. You're like, "Oh, 160x. No way. Okay, that coin is called Ethereum.
That's Ethereum at $50.
Yeah. Now, friends, of course, there's some survivorship bias with this. Of course, I'm just I'm throwing this out here for you. Look at this. Would you buy this coin? It went up 200x.
Went up 200x. Doesn't even do anything.
The coin is called Dogecoin. It went up further. This was just getting started, by the way. Okay. So, I'm I'm sharing this with you because friends, there is obviously a a big talk in the pole chain community because everyone has seen this coin fessions wreck story which you're not surprised by now. I make many videos on them where someone put in 22 million doulars and it went down pretty much to 90,000.
And unfortunately, this gentle friend who Gary Woods does know they're all real people friends. Gunther had 120 million at the top. Rectum Michelle had 180 million. So that's why friends when people say, "Oh, Rectum's dumping.
Rectum's dumping." He's got 3.5 million left in the portfolio at these prices here. He used to have 180 million. He didn't get out, dude. Friends, Rectum has blocked me, friends. I don't have to say anything nice about Rectum. He's very controversial. He's got an ex-wife that he says keeps dumping, but he's it's him. He could be doing the whole trickery. I'm just telling you, man.
Look, it doesn't matter, dude. We need the positive flywheel of buyers to appear. The whole crypto industry does.
They're not here. When do they come?
They don't come at bottoms. They come at tops. I don't know when they come. So, what do you do in the meantime? You can sell and leave and go somewhere else and let us know what you're rotating into.
Are you going to go buy potatoes? They went up 7x in a month. Are you going to go buy Pokémon cards? Some people are.
Are you going to buy AI stocks? Software and hardware. A lot of crypto people are. Are you going to go buy gold and silver? let us know. Okay. I also want to show you something friends. That gentle sir, that friend, he his portfolio, it was 22 million at the top, but for 10 months, his portfolio was above 5.5 million.
Okay, there's a 10-month period here.
From 5.5, it goes up to 22 million.
Comes back to 5.5. Okay, that's the same guy making it.
So, look, I know it's tough, friends. It is very tough. So you'll get some angel music. It is tough, man. Like that's why friends I when things go bad and the price go down. You can like sell and leave and walk away. But I want to see, hey, is the thesis still on? What's even the thesis? Oh, that we go up one day, friends. What was the Pokemon card thesis 9 years ago?
Whilst everybody's buying stocks and everybody's buying altcoins and Bitcoin in 2017, what was the Pokémon card thesis? One day some idiots are going to buy it.
Admit it. You know how stupid that sounds, doesn't it? Yeah. You know how stupid that sounds. But you don't really think it's stupid, do you? Why? Because you know Pokémon dressed as a little Mario used to be $100 for a box set. Now it's $50,000.
Okay, you know that sounds stupid. While the whole world is opening their minds to blockchain, decentralized finance, and this whole notion of cryptography in 2017. Okay, you know how stupid it sounds to say, guess what? I think Pokémon is cool. I think Pikachu dressed as a Mario is going to be worth a lot of money one day. Which is actually it right here, friends, by the way. All right, you want to see it? There you go.
You want to see it? Who would have thought? Who would have thought, huh?
It's crazy. So, look friends, I can go on forever. There are a lot of coins that went up. What's the next What's the next one that's going to go up? Okay.
What's the next one? What's the next one? Imagine you've been buying Monero cuz privacy works for you. And then you see Zcash get shield, right? It doesn't even do privacy. It can get cracked. It's literally made by the Israeli Defense Force.
It's literally funded by Israel. It's literally funded by MSAD. And the founder of Zcash, he literally lives 5 minutes away from the Coconut Intelligence Agency headquarters. He relocated there a long time ago. So imagine just watching that chart go 20x.
What answer do you have for someone?
Hey, congratulations on your thesis of using real privacy, but um this thing that does no privacy just went up 19x in a straight line.
See, it's a game, dude. It's a game.
Okay, so that's why friends, I showed you all those charts that you got to see, right? Where I showed you people buying tops and going all in and it worked out. And it's not just once many, many coins, Bitcoin, Shibbeinu, Ethereum, Dogecoin. Now, obviously, you know them in your mind like there's some survivorship bias there.
Yeah. But at the time, they weren't.
Many people bought coins after they went up heaps.
There were many people who bought up $20 million of Bitcoin. Did you know that?
In the early days, there were people, friends, they had $20 million of Bitcoin and everybody told them to sell and they didn't sell.
And now it's 200 million, 2 billion.
Yep. Don't forget every single person pretty much most people most with like a billion dollars of crypto now or a billion dollars of Bitcoin or even $100 million of Bitcoin. At one point it was $100,000 and then it went to 200,000 and everybody told him to sell. Get out. Get out. Get out. You've made $100,000. This Ponzi is backed by nothing. There's no cash flow. It's a Ponzi. The government's going to ban it. And they held. Now it's $500,000. Get out. TAKE PROFIT. YOU'RE UP 5X. IT'S A PONZI.
THEY'RE GOING TO ban it. Ah. And they held a million. They would have said greed. Greed. Greed. Then 1 million became 5 million became 10 million became 15 million. Greed. Read, get out.
Okay, now they have a billion.
If Bitcoin went down, everyone would say, "You are an idiot. You should have taken profit." And they also say, "You are greedy." The truth is, friends, losers remain losers because they always play the world with the benefit of hindsight. They do not know the meaning of stamina, conviction, belief, spoony.
The lesson here is don't listen to the crowd. Okay, that's the lesson.
The crowd, friends, is full of losers.
The crowd, the average loser, they they are like losers, friends. Like, yeah, you have a beer with them. They're nice to talk to. I'm just like telling you object, like objectively, you don't want that person in your football team. You don't want that person, friends. They're not going to give you the grit, the conviction, and the belief that you want. You have to light that match for yourself. Yeah. Some life advice. No one's going to give it for you, dude.
Sometimes you see really passionate people, it can help light the fire within you. It can. That's why, man, in my spare time, I watch people who are like really, really, really passionate about their field. And I've got no idea what the hell they're talking about. I watch like theologians, right, just talk about these random scriptures of the Bible or the Quran or what's going on with the Torah stuff and like they recite all this stuff and I just go at it over and over and over again and it wears me out and I'm like, man, these guys are just yelling for 3 hours. I just watch that. I watch that. I watch Quinton Tarantino when he speaks about movies. Quinton Tarantino friends, he literally goes, "Oh, did you see that 9 MM CAMERA?" OH, he literally orgasms about the thought of filming a movie with like a different lens.
He will rewatch a movie he's watched five times before, but he'll watch it because it got released in a production studio and like they've changed a bit of the camera lens with it. It's just so weird. But he's he's the way he talks about he's like so passionate about it.
I I watch people like that. Okay. You have to get the energy for yourself.
It's really tough, friends. Like, yeah, we got kicked in the balls and then kicked in the balls and then stepped on the throat and then burned alive and then skinned alive and then we're now we're ash. We're literally just dust, okay? And then someone snorted us, okay?
Hope they had a great great time with that. Losers remain losers. They always play the world of hindsight, friends.
That's what I'm here to really tell you, okay? Don't listen to the losers.
The crowd, friends, they want to feel gratification. Okay? But how do they get it? They get the gratification by telling others how they would have played it. So in sports it's called the couch quarterback. Okay? And people do it naturally. They always do it. I I never do it cuz I know exactly what it is. Cuz when you when you when you trade cuz I trade trade full-time 10 years, there's always this benefit of hindsight. Like basically you know the game of probabilities. That's why friends you can tell who's a furu who's actually fake by their confidence.
Like oh this has to go up or this has to go down. That's why a lot of the big crypto influencers, you know, they don't make their money by holding or trading.
You know, they don't. Yeah. People who have actually been in the game, they get beaten and bashed so much. They know Mr. Market can come and slap you at any moment. They don't talk with this overconfidence. The people who talk with this overconfidence, they get squashed.
The crowd, they want to trade. The crowd, they want to click buttons. They want to grow their portfolio without downside risk and then they all make the same decision at the same point. Right?
So what's the strategy friends? Uh the strategy is to win. Yeah. I know you wanted something more. You go the strategy is to win but I want to know what goes up next 10x. Me too.
>> I want to know what goes up 10x next too. But how do you do that?
get into a time machine and buy Bitcoin at $8.
So, I want you to think about it. What do you expect people to tell you though?
How to win? Yeah, like you already know, dude. You already know.
You already know these things. Okay.
One, nobody knows which coin is going up 10x next. Okay. Number two, 99% of traders lose money. And in the process of losing money, their referral commission and the indicator or VIP cost that they've implemented that becomes the cash flow for influencers [ __ ] the dream to them.
Okay. So what do you do? Well, I can tell you what not to do, which is follow the losers.
See, losers, friends, losers, they can't think in a world of probabilities.
They can't think that people are going to be convicted. They can't think that way because they have no conviction.
Their time frames are short.
They are stuck and they'll always be stuck.
A bunch of losers, friends.
This is what they are. Just yelling about nothing. They're they're literally going to get nowhere, you know, because you know these losers, they want to be told the answer like you. They're like, "Oh, so tell me what the answer is."
When you say, "I don't know."
They're like, "Oh, of course." Then they go back to being losers. But then you continue and say, "Whatever it is you're doing, I'm not doing that, though."
You got to think about what are they doing. Okay?
They're giving up. They're trading.
They're believing in nothing. Okay?
So, I don't know what crypto is going to when it's going to go up next, but I do know what I'm doing. So number one, okay, I'm going to continue to DCA buy every week with the firepower bazooka of $10 dunies. We will start the bull market ourselves. Thank you all spoyers.
We are already doing this as a spoonyer.
Number two, I will continue to hold my stack already existing crypto. I think this is me and I don't know anything.
Crypto to me was cheap three years ago and two years ago and last year and it's cheap now. Okay. 99% of people quit.
They told you soana's going to a,000 bucks when it was at 250.
Then when it goes to 90, they say, "Oh, I never liked it in the first place."
Welcome to 99% of the crypto mainstream influencer industry.
Crypto got cheaper for 5 years. We got to deal with it, dude. I thought there'd be a sellers market after 5 years. It's still a buyer market. You have a plan.
What's your plan? My plan DCA buy more $10 dunies. That's my plan. You know, that's why fans like you don't have to do anything. There's there's always someone that comes out saying, "WHAT IF IT STAYS DOWN FOR 5 YEARS? JUST ADMIT IT'S A SCAM." Once again, have that mindset.
Oh, look. Another loser who doesn't know what to do has come out yelling about his loser strategy, which is to nobody's surprise, quitting and complaining and saying the things never going to work instead of dealing with this world of uncertainty like everybody else who's trying to win.
Color me shocked.
Three. I'm not selling to rotate into euphoria scams, which I will call them.
What word do you want me to call them?
Oh, maybe you can join in. No, dude.
They're euphoria scams. Go suck a fat one. Okay, let's go through them. What's a scam right now? AI stocks, hardware, and software. Congratulations. They've been going up for 24 months. You win the game. Pokémon cards, now a scam. Used to be $100, now you're $50,000. Okay, congratulations. You were the buyer of a lifetime 9 years ago. You've had up only. Now Logan Paul shielding you. Now Major League Baseball shielding you. Now everybody's coming out to brag about their profits. Well done. You win the game. Now you're a scam. Okay. You're amazing when it's depressing. You are a scam in Euphoria.
What else is a scam? Trading courses and indicators. You already know that friends. There are people who bought trading indicators and VIP groups in 2022, 2023, 2024. Where are they? Gone.
They're liquidated. It didn't work.
They're gone. I was here every single day.
What happened to Gareth Soloway's group?
All got liquidated on their shorts, dude. And I'm not picking on him or anything, okay? Probably made a shitload of money doing that. I'm just telling you, I can go through a long list of people, okay?
Where are the cryptobanter interviews of all these trading group people to come out and say, "Hey, um, you know, I turned $8,000 into $1.8 million using this guy's indicator and everything works. Where are they? Show me one, by the way. One. Where are they? There are none.
There are none. Oh, I wonder why. I know. YOU'RE JUST NOT doing it right.
You should have used a stop-loss.
Oopsies. Did I ghost your message?
You know what else is a scam? STRC.
Michael's strategy Ponzi. Michael Strategy and MSTR.
MSTR is the first thing to get diluted when there's trouble. Okay? They will print more MSTR to save Stride and Strife and STRC. You know, it's a Ponzi, bro. Don't tell me as a crypto connoisseur who's been here and seen every damn freaking chart in the industry. Don't tell me STRC is not a Ponzi, bro. You're guaranteeing 11 12% yield. It requires Bitcoin to go up. It needs Bitcoin to go up. And you've only priced in the fact that you expect people to sell the dividend yield repayments, which is totally a Ponzi trap. You should be planning for the fact that in unknown circumstances and fear points that you can't calculate, you should be planning for the fact that those jeets who are now in STRC will eventually start full tilt exiting out in one clip and you have to fund all of them somehow.
You know what else is a Ponzi scam? Gold and silver. Congratulations. You went nowhere for 13 years and then you went to the moon and you even got listed on Binance futures at the literal pico top.
I need to remind everybody as well.
There is nothing more pathetic than a crypto trader friends. They're literally the worst win rates. Don't know how to do anything in this game. And Binance due to popular demand listed gold all the way up here. Well done everyone.
Congratulations on your leverage long.
Well done. So you sold Bitcoin at 60K to go leverage long uh gold up the top using your favorite influencers indicator cuz gold was in a bullish trend. Very sad to say, you're about to get mogged again. Runescape Cole, obviously putting these as a joke. We got outperformed by Runescape Cole and potatoes, they went up 7x in a month.
Space stocks, talk about public humiliation, an industry that doesn't even exist for the next 15 years and somehow people are just rotating into them because they just don't want to touch crypto. Okay, good luck to you.
Now, friends, of course, when moon when moon, how long will crypto take? This is another way of asking when moon. I don't know, dude. And if it takes another hundred years, so be it. What a waste of life. Okay, I'll come back as a butterfly.
I'm sticking to my plan. My plan.
Crypto is only 2.5 trillion. Okay, it's right here. Yep, it's 2.5 trillion.
Baby boomer wealth transfer is happening. 10,000 baby boomers die every day. They own $700 trillion of wealth.
All right? They own the lion share and it's growing every year, by the way.
So, they'll be passing away over the next 10 years. The whole industry is growing and then they'll be selling.
They'll be selling to their children, millennials and Gen Z and also Gen X, the forgotten generation, which is funny. Mr. RDAY SAID, "SEE, GENERATION X IS THE FORGOTTEN ONE." YES. YES, you are.
Baby boomers fans also have 0% allocation to crypto. So, baby boomers will pass away their wealth to children who don't want a 0% allocation to crypto. What number do they want? Some people say 10%. I don't know. I'll tell you if it's just 2%.
Then crypto will go from a 0 trillion surplus to 14 trillion. You go 14 trillion, but the whole industry is near two. That means we add a lot of money on the way up. Yes, that's my thesis. Okay. I don't know how long it's going to take to play out.
Crypto's Redpool Solution. Rest up Mog soon. Look at this cute picture. That's great. You enjoying that? I am. Yeah.
It's been very tough. Okay. You get some PUBG music.
I'm not saying now, dude. I'm not sending you out. Okay. Yeah. See, friends, people have the fear of, "Oh no, what if it never goes up?" Dude, you'd have to worry about that, dude.
Okay. You know what fear I worry about?
If I click sell and then I've got 8,000 people messaging me in 18 months because the thing started the disbelief run.
Okay, that's what I have fear of. All right, you might call it sunk cost fallacy. You might call it gamblers fallacy. I don't care what you call it, dude. I'll tell you right now, soy boy losers have sold the bottom to go trade.
Soy Boy losers are complaining. Soy Boy Losers are blaming literally everyone else. And to no surprise, Soy Boy losers cannot accept the fact Tom Lee inserted $12 billion to Ethereum and Vitalik dumped on him and he could not pump the bags. So if Tom Lee with $12 billion of Ponzi money and Michael Chad Sailor's $60 billion of Ponzi money, if they can't make the damn things go up, you got to start asking questions about what your expectations are.
Jeremy, God bless you. God bless you, Mr. Jeza. Boing based thread. Nicely done, sir. So OBC friends, like you know, you go through this. Yeah. I wish I w I wish I could funnel all of us and go, "Hey, this is the next 10x opportunity." I don't know, bro.
Potatoes went up 7x in a month. Okay, potatoes.
I'm going to keep DCA buying. Okay, you know, friends, I'll make another video later on, but I want to give you this juice on this.
People always ask me, "But Sammy, like there's a there's a thousand coins. Why do you focus on certain ones? You always say community." Yeah, I say community is the asset based off metaf's law, right?
And then they say, hey, like you know, but communities are everywhere. No, they're not, habib. No, they're not. Oh, oh, oh, but this coin is listed. That coin can go suck a fat one. Did you know just today Hyperlid is dlisting 13 coins? Let's have a look at them, friends.
Blast in the ass. Chill guy. FT test.
Mav mia. Mw prompt. Secret chain test.
13 coins all gone. No community, no engagement, no conferences, no believers. You wouldn't even know they were delisting them until you watched my freaking video right now. You didn't even know what was going on with them cuz there's no community. No one cares about them.
Goodbye. They are forgotten ones. By the way, as you guys have been talking about, you do recognize Marvia.
Marvia, you heard about it from our friend Ivonne on Tech channel.
Let's see how Let's see how Marvi is doing. Okay, are you ready?
It's Melania's Stiletto stepping on my nuts.
Let's see. How much are you down?
100%. Well done.
Well done. Okay. Where's the community?
Where's the engagement? Where's the conferences? Where's the Pikachu hat?
Where is the fluffy microphone? Where's Spoony? Where are the mogles? Where are the pegs? No one cares about them, dude.
No one cares. You lose.
That's an actual loss, dude.
Maybe there is a community. If you're from there, come and shout us out, you know. So, there you go, friends. Okay, we are dealing with something we've never seen before. No one's seen this before. Okay, that's why that's why, friends, the upside is so big if it works out. No one in the world believes in Metaf's law and network effects.
Literally nobody. People in the crypto industry still don't understand it.
That's why they're all FOMO buying hyperlquid. They don't understand it.
They think utility is the way everything in crypto is going to go up. When really, I don't even have to say anything except the name Bitcoin. How much utility does Bitcoin have? Zero.
What are you using it for? Zero. Who's the biggest buyer? Michael Sailor's Ponzi. Exactly. He believes in the Satoshi story that they're going to flip the US dollar. Are you using it for privacy? No. Gambling? No. Are you using it as collateral? Where's the bridges?
Where's the ecosystem? Where's the NFTs?
Where's the gaming? The DeFi one, the DeFi 2. Where are they? They don't exist. Where's the stable coins? Don't exist. You have to pull teeth to kind of get some layer 2 to connect to it. Do you get it? It doesn't need utility, dude. Crypto is not stocks.
It's digital real estate. Okay? Digital real estate. It's a digital city, otherwise known as a community. Okay?
that look f everyone in crypto still nobody gets it you know even though it's been this much time they'll only get it if things go really really high okay and look I could be totally wrong I don't know it's just you look around if you just noticed oh everything with a utility goes to zero cuz nobody gives a damn thing about it hence 13 coins get unlisted on Hyperlid and you don't even know anything about them all right but you know about Doge don't you when was the last time you used Doge for anything.
Ain't that funny? They've done nothing with Doge for 5 years and it's still in our conversation.
I want you to think about that. All right. So, it's been tough. I'm going to keep DCA buying. I don't know when it's going to get better. I'll tell you right now. Over my dead body. Am I going to be cheating and joining those losers? Like, subscribe. Catch you in the next one.
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