Crypto Twitter & How To Lose Your Mind

G'day ladies and gentlemen, welcome to another episode of the Trader Cobb Crypto Podcast. I hope, excuse me, I hope you're well. Okay, so look today, we're gonna talk about, obviously the market, because that's what we do in our 1700 and 44th episode of the podcast. How's that, eh? Damn, that's a lot. That is a lot of episodes that I have done on this podcast, absolutely free

of charge. I've never charged anybody for an interview. I've never been paid, never been given tokens, always disclosed everything. I'm just gonna talk about that little bit that I just did. That is a lot of episodes. Anyway, today, what we're gonna talk about a little bit here is, I guess, social media and crypto. And the reason I wanted to bring up social media and crypto is

making it to 48. We're making it to this. We're doing this. They're all the moon boys, all these people that sadly have an enormous amount of followers. And it's really quite sad to me. I mean, look, I'm not a cloud chaser. I do what I do. Sure, I'd love to have a lot more money. More people involved in the education that we provide, learning from somebody

who does actually do this and knows rather than these people that are, you know, I said the biggest tweets out there right now. What alt coin should I buy now? And there's like 500 comments. And I've got like 600,000 followers. And it's like, there's no value in that. And if you're somebody who is, and I'm not having any beef with anybody, I'm just speaking my truth.

There's always do. If you're somebody who does follow the word of, so like, I'm just, for neither of the reasons. And the fact that I looked over my left screen and there's Twitter, there's like Davis, right? So like had nothing going on. He was actually an affiliate of trade a cob for quite a while there. And then decided that he knew how to trade and brought

his own stuff out. So, you know, hey, good for him, whatever. But he's really blown up to be very, very big. The thing that I see, however, he's got a million cheeses. He's got a million followers. The thing that I see, however, is that there's not a great deal of value in what he puts out there. You know, it's, I mean, the last week that I

see here doesn't, but the coin doesn't give a shit about your sexuality, diet, political, police, race, religion, or anything. It's purely freedom money for anyone anyway. Yeah, okay, cool. That's, that's correct. At least it's a true statement. A lot of this stuff that we're seeing out there, if you are on social media, particularly Twitter, it was Twitter is a sort of place where it seems to

be those who tweet the most, get the most attention. These people can take advantage of you so easily. And again, I get not, not to point out like for any other reason that he's just on the screen right now is that he's been called out on that. You know, there's records of his accounts. Well, the same with other influencers in Australia, like I think Alex Saunders

was in some hot water a little while ago. BitBoy has been in hot water as well. The list goes on. And it makes it, I would hope anyway, that people that, that follow these types. Right. I mean, it's all good to follow him, but don't take advice from these people because ultimately what they've created is their own ecosystem for which they can get into a token

nice and early. Tweets about it for days, pump the price up because people buy it. And guess what? You provide them with their exit liquidity. You're making them millions of dollars. They're getting out when you're getting in because it's a low cap coin typically or a recently listed project that goes. Absolutely through the roof because they say or they team up with a group of others

and they all go, Hey, this, this coins the one it's going to do 100 exits. It's what I see everywhere, right. Especially in the bull market. And then, yeah, people jump on it just because they heard it from someone that's got a lot of followers. So therefore that person must know what they're talking about. Well, they're not going to be able to do that. They're absolutely

know what they're doing and what they're talking about is talking about enriching themselves off the back of people that don't know any better. And this is where education lies. Now, these people get audiences generally starting out by being wholesome, you know, creating content around blockchannel, whatever it may be, whatever industry it may be, they start to get momentum. I've watched it happen before the greed comes

in the opportunity of all work and make myself tens of millions of dollars might just go ahead and do that without any moral fiber in their body. And that's basically the opposite of Robin Hood, they're robbed from the poor and give to themselves. And again, I'm not saying that's what lack or any of these, there's no no specifics, but we know that it happens. Don't find

yourself caught in these crossroads. Don't find yourself caught up in a place where the only hope you have of making money is following what an influence is says because, oh, man, you're just not going to get there. If you do it that way because they're not going to tell you when they get in. They're not going to tell you. And they're not obliged to do so

either as it currently stands. So be aware, be safe out there. Sure. Have your Twitter's on. Have you, you know, whatever else you follow and use and whatnot. But look for people that are going to provide you with actual information. And look, there's a lot of these content creators that do these pumps on and dump on you. They do put content out there. That's fine. Go

ahead and be involved if that's what you want to do. But please don't feel like they're there for you. They're not. They're there for personal gain. What you need to be doing and how you can actually truly separate yourself from your money is to follow these people blindly. But what you can do to step aside from that and set yourself up is to truly dive deep

into educating yourself. Now for me, I've been trading now. This is my 19th year in trading. I turned 39 next week. I started when I was about 20 or I started investing at 16, but you know, and I can't be sure. It's like, you know, and I'm excited. I'm going to be able to go back to my job. I'm going to have to do that. For

me, when I, when Crypto came about, man, I didn't even know there was, you know, Crypto influences. I didn't even know what an influencer was back then. It was 2017 around, I think it's around April. I started reading about it. I started buying in July. I was up till midnight 1 a.m. Just reading. Reading, reading. I read so many white papers until I got to the

point where I thought to myself, these are an absolute waste of time because they don't really say anything. Well, they all say the same thing. There's typos there. There's punctuation issues. I thought to myself, this doesn't seem real serious. So I missed out on the ICO boom of 2017. Just simply because I said to myself, look, I'm a trader. I have no idea about this. I'm

looking to enter into a new market for which I did my time. I looked at it and, yeah, okay, I can trade this market back then. It was only bit max and it was horrible. But that's how I went about it. I did buy spot as well using my technical abilities. I did read a heap of white papers, as I just mentioned. But I got myself

to a point of understanding what wasn't real. What was real and what wasn't real. I've now developed over the last five years or five nearly six years of being in this market more or less exclusively to a point where I'm comfortable that I will invest in projects, but I understand the way that I do it. And it's basically through a series of what price am I

getting in? How long is the lockup period if I get it early? And what's the risk I'm willing to take on this project across my entire portfolio? What's the percentage risk? And also who's a team behind it and what's the marketing budget? Because let's be honest, marketing is what we need. If you've got a project that's out there in a bull run when tip markets typically

do take off, you want to make sure you've got a bloody good, cruel marketing people behind it. And that's one of the things that's a bit of a conundrum, isn't it? Because if I talk about influences and talk down to them about pumping certain coins, I have to be honest with myself. I am going to look at who's behind the marketing and who they have arms

out to. Because if I am getting in early, then yeah, I want to make sure that it's got a good life, okay? But you get him well before they tell you to get him. So you've got to again, do your own research. And then if you see somebody else out there, you, you know, as a big influencer who's saying, hey, buy this, this token's going to

do 100x. Well, if you're already in, well, that's great. Because it's part of the marketing to send the token higher. But again, there's a differentiation between getting in early in a project or getting into a project with good backing and good team and good fundamentals and whatnot. And there is the just blindly following an influencer. I stick to my trading more times. And I'm not investing

in anything at the moment. I'm still waiting to see what's going on with the market. One thing is that I can't trade and I can make money no matter what the direction of that market is. So I know it's a bit of a ramble. Sometimes I have these rambles because sometimes things get to me. It's not so much that it's got to me today. It's just

that I thought it was a very, very good time to be putting this out because there was a project out there today. I think it, I think it was called call CORRE. And it's done like 14,000%. It's got absolutely nuts, which is great for those that were in that. I'm stoked for the people who have made money. Get out. Take some profits at least. Take some

bloody profits. But yeah, it's you that's going to be the one that makes you successful. And there's no one you can blame. There's no one that you can say, oh, this person has done this. No, it's up to you. That is it. It is all up to you. So I know that people are willing to throw a couple of thousand bucks at some obscure op coin

to try and get rich. Don't worry about that. If you're going to do that, find a way that you're going to have a higher hit rate. Find a way to learn. Find a way to get out. And you'll be better in yourself because that's the sustainable growth that you can continue. And I'm not just, I'm not going on a course here. I'm saying find something that

you're passionate about and then find a way to do it properly and to do it well. And you'll save yourself an awful lot of heartache. Okay. So into our top 10 right now, well, we saw yesterday sell off Bitcoin was down 1.2% after being up 2% the day before the selling has continued. And over the last seven days, we have seen a decline from the high

to the current price of. About 7%. Now we've sold off again today, Bitcoin's down 1.7%. We're 22,579. And there is now a lower high and a lower low on the daily chart. Now it's the beginning of a downtrend. It really hasn't got any momentum just yet. The weekly is pulling back ever so slightly. It did take out the low last week's bearish candle as well. And

I hope for to see a little pullback a bit further to be honest. To give this weekly a nice little higher low. If we can then draw a little higher. I've high it will be very much welcome. However, when I look at that on the daily and I go in and look at my four hour. There's definite support at $22,335. Okay. $22,335 is a lower level

of this kind of choppy consolidation that we've been in. I'd call the upper level, although not as precise, somewhere around 23,800. Okay. We are still in that range. No matter the fact the last four hour candle came down to 22,342. So very close to the exact point on Bitcoin support. Now the question I have for myself and what I am waiting for after a pretty good,

you know, pretty good few trades over the lot since Friday, you know, got back in last Wednesday, saw some opportunities on Friday and chipping away. There's been some profits to be had and some decent profits too. With woo on the one hour being a really good one that's moved very, very well. One's another one. We had a number that hit one to one and then stopped

out. But there's been opportunity out there. I'm waiting to see what this trend does because look if we break down through that support. We start to see some momentum pick up. I'll be looking for my shorts. Absolutely. I will be and that's the beauty of it. I know what I'm doing. I'm comfortable doing. I'm happy doing it. And I'm on the direction. I'd much rather it

go up for everybody. Sake and my portfolio, I'm investment, sake. But if it goes down, I'm still going to profit. So if we can get down through 23,300,335. And essentially have a bit of a run maybe 20,000, 22,000. Sorry. We'll start to have a much better trend for us to sink our teeth into. Next up, we have a theorem, which again yesterday found resistance at 1680.

The level I've been speaking about quite frequently. We really are struggling with that level. That level goes back to the date, the fourth of November. There's not a daily downtrend just yet, but it's potentially on its way. It's down 1.65% at $1,622. Very ugly on the daily. The momentum has shifted slightly. It's only two days. But I'm going to wait and see what goes on there.

We've got more strong resistance above than we have support below. So I'll be interested to see how that plays out over the evening session for the US and Europe. Binance is down 2.87% today. Back into the cradle zone with a lower high on the daily. It sold off yesterday, 1.5%. As far as the lower time frames go, you know, we do have a little bit of

a trend starting there on the two hour. But again, it is not a fantastic trend. It's down 2.89% today so far. On XRP next, which has been crab walking in all honesty. There's more downward momentum at the moment for XRP. Today, closing down 1.5% today. It's down 1.5% at $0.39. Just grinding lower again, not much of a trend for us to work with. Doge is down

3.4%, 8.7% after selling off yesterday as well, 2.6%. Grinding lower yet again. The trends still not satisfactory enough for me to really, you know, go ahead long into it. The one hour doesn't look too bad. But I want more before I reenter. I don't want to be giving my profits. It's been a very long, slow consolidation period for Cardano and much of the markets. On to

Mattik now, which did close up yesterday, 2.88% it's down 4% today on a fairly vicious pool. Look, I've got to say the eight hour trend is still there. But sadly, there's no convergence. So there's no tradable opportunities there for me on Mattik. Even if it were to give me a little bullish candle in the cradle zone. I'll be keeping an eye on that over the coming

days is the $1.25. Doge at $6.58 down 2.5% today after following, sorry, following on from yesterday's closed down 2.7%. It's very sideway still. Very choppy. Solana down 2.6% yesterday down 3% today, $22.49. A little bit of a trend coming in on the daily. But again, not enough momentum for me just yet. And finally wrapping up our top 10 sheba. It was down 4.4%. Yesterday, it's down

4.1%. Currently. Now as far as the pool butt goes on the daily, it's in a bloody good spot. On the lower time frames, is there anything? Oh, the one hour's got a pretty decent bit of secluded city. That could be worthwhile. Keeping an eye on into the latter stages of the trading day. Anyway, ladies and gentlemen, I hope that helps you. And I hope it gives

you a bit of an understanding about the realities of these influences and whatnot. It's not just I'm not starting beef with anyone. I'm not having a problem with anyone. I'm just trying to help those that are listening to this podcast to understand that it is you that will unlock your greatness and your wealth and your opportunity and your happiness and your growth. It is not somebody

else on Twitter. Have a great day. I'll speak to you again very soon. Bye for now.