I Traded Crypto: Here’s Why Bitcoin WINS | Pio Vincenzo | BFM282

Yeah, I'd say what I learned and what a pal of mine, Dan Hillary, who I recommend you have on this show, if you know he's down to do this.

I had him on, yeah, yeah.

Oh, you already had him on.

Yeah, he's the man.

He put it really simply and it kind of stuck with me.

He was like, as soon as you leave Bitcoin, the risk-adjusted return is like the amount of risk that you're taking on as soon as you leave Bitcoin for like... ethereum or anything like this if when it comes to returns is just it's monumental and the reason being is you're once you step out of bitcoin you're getting away from the baseline i don't want to sound like some psycho purists i want to make this really simple and help people understand right if you really separate big bitcoin versus crypto will there be winners in crypto absolutely last week was the biggest meme coin volume week since the trump coin which i don't i don't know if people listening fully grasp that that's insane i had

no clue i I don't know.

Really? Dude,

yeah.

So you're talking about a top two week in terms of overall volume in meme coins with the other top week being when the president of the United States launched a meme coin right before he was inaugurated, right? So pretty insane stuff.

So of course there's money to be made in crypto, but identifying where to be trading and knowing that you need to get in and get out is tremendously difficult.

And it's really actually a lifestyle at that point.

And what happens is a lot of people develop conviction in these different crypto assets.

Ethereum was the first one, obviously.

And why did people develop conviction in Ethereum? Because it was cool and interesting.

It was different than Bitcoin.

It was cool and interesting.

It had a charismatic leader, charismatic in his own way.

Obviously, he's kind of an odd guy, but charismatic leader, right? Yeah.

He's a different type of dude.

And ultimately, it was basically free.

It was like $1 to $10 for its initial drop or whatever.

And it literally ran from that price to $4,800.

So anybody that bought it at $10, wrote it to $4,800, could have written it to $4,800.

And that's this unbelievable return that makes you just...

Yeah, I'd say what I learned and what a pal of mine, Dan Hillary, who I recommend you have on this show, if you know he's down to do this.

I had him on, yeah, yeah.

Oh, you already had him on.

Yeah, he's the man.

He put it really simply and it kind of stuck with me.

He was like, as soon as you leave Bitcoin, the risk-adjusted return is like the amount of risk that you're taking on as soon as you leave Bitcoin for like... ethereum or anything like this if when it comes to returns is just it's monumental and the reason being is you're once you step out of bitcoin you're getting away from the baseline i don't want to sound like some psycho purists i want to make this really simple and help people understand right if you really separate big bitcoin versus crypto will there be winners in crypto absolutely last week was the biggest meme coin volume week since the trump coin which i don't i don't know if people listening fully grasp that that's insane i had

no clue i I don't know.

Really? Dude,

yeah.

So you're talking about a top two week in terms of overall volume in meme coins with the other top week being when the president of the United States launched a meme coin right before he was inaugurated, right? So pretty insane stuff.

So of course there's money to be made in crypto, but identifying where to be trading and knowing that you need to get in and get out is tremendously difficult.

And it's really actually a lifestyle at that point.

And what happens is a lot of people develop conviction in these different crypto assets.

Ethereum was the first one, obviously.

And why did people develop conviction in Ethereum? Because it was cool and interesting.

It was different than Bitcoin.

It was cool and interesting.

It had a charismatic leader, charismatic in his own way.

Obviously, he's kind of an odd guy, but charismatic leader, right? Yeah.

He's a different type of dude.

And ultimately, it was basically free.

It was like $1 to $10 for its initial drop or whatever.

And it literally ran from that price to $4,800.

So anybody that bought it at $10, wrote it to $4,800, could have written it to $4,800.

And that's this unbelievable return that makes you just...