How Do You Grow - What To Do To Achieve Your Goals

The Trader Cobb Crypto Show, Talking Business in Blockchain. Good everybody and welcome to the Trader Cobb Crypto Podcast today on this beautiful Friday. This one's not going to be so much about talking about the levels in the market. This podcast is here to go. I guess to go a little bit deeper on some stuff. Obviously, we've spoken about it a lot on this show and in

my Discord group and on Twitter and Facebook and everywhere about the events of this year. And the guy had a really great chat yesterday with Joel, who's coach K on Twitter. Somebody that I respect, who's in this industry for the right reasons, but also somebody who sort of like me started with Little and Grill it quite well. And this is the thing. I know with, I

guess the recent, the recent events that have happened during this bear market. It's very easy to get despondent. It's very easy to go, ah bugger this, I'm packing my toys up and I'm out of here. I'm not going to play this game anymore. Well, if that's you, you need to reconsider your options and I'll express this as to why because I want, I know there's pain

out there. I know that there are people that are thinking of, you know, giving up or walking away or all these types of angles that really don't put you in a position where you're going to get anywhere, other than getting out. And then that opens up a whole bunch of issues as well. Now let's just break this down. If you do get out, if you're done,

right, you say, I don't want to be in this market anymore. I've had enough. It hurt me too much and I'm done. Okay, that's a fair point. You may be at that stage. What's your backup plan? Because when you came into this market, I'm assuming you had somewhat of a goal or a plan. Now for a lot of people, you may not have, you may not

have any plan. And if that's the case, then that's likely a big part of the reason why you're willing to give up. If that is you and that cat, because it is easy to give up when you haven't visualized what the outcomes of your hard work will look like, what the yield on your effort, your education and your investments will provide. Now becoming successful is not

a straight path becoming wealthy. It's not a straight path. You don't just start something and instantly have it. It is a lot of overnight successes. I mean, my business trader.com is a prime example. For me, when I launched the business with the product, we had a massive first month, right? A massive first month. And I was an overnight success. But was that an overnight success? Or

was that the 13 years I'd already put into trading and learning that was coming to a product that allowed me to make money from that business? Yes, I'd been trading. Yes, I'd done well from trading and investing. Also from trading at the time that investing to be fair, my investment. I had some shockers. But my trading was consistent. And that's what I'm doing. I gave the

opportunity for trader.com to be born and for me to help thousands of other people around the world. It's been a phenomenal journey. But it wasn't because I just had the idea to do it. It was all the work I'd done prior that gave me the opportunity, the expertise and the ability to make it happen. Now as we started the business, yes, it started off successfully. Then

what happened? Well, one of the banks here in Australia, they froze our account. There was a significant amount of money in there for a startup business. And they froze it for 90 days. They were like, we're not telling us why. We knew why. It's because we were in crypto. That was hard. We faced many bands. Facebook. They shadowed our. So you can't advertise why. Well, they

won't tell you. But it's because crypto. Because crypto is so bad. I've tweeted the same. We have struggled through ups and downs the whole way through in this business. There's been some really heavy heights, really good fun times traveling the world, interviewing people, having a great time. But with every peak comes a trough. I've got to be prepared for that. The same that says winners never

quit and quit is never win. And I stand by that too. Because it's when people get to a point where they're at capitulation. Like a lot of people are right now in this industry. They're at a point where they're going, no, I've had enough of this. I don't want to do this anymore. Well, I've been at that point many times in my life, in my trading

career and in my business life. Because you get to a point where you're like, it's just not happening. I'm getting belted. Do I want to continue to do it? Well, most people will give up at that point. Well, many people I should say will give up at that point without realizing it's that that that that graphic, you know, used to got two guys tumbling under the

under the ground. And there's a massive diamond there. And one guy goes, this is too hard and walks away when he's two hits away from finding that massive diamond. The other person continues to move forward that little bit longer and bam, they get the rewards. And this is your moment for that now. It's all of our moments for this now. If you consider a few things

in crypto, one is that it's very cyclical. Two, it moves very fast. And three, it can make you very wealthy. Okay, it can give you a bit of financial freedom. Now many of you will have seen your portfolio has grown significantly. Depending on, you know, no matter how much you put in, the percentage gain is still a valid percentage gain. A lot of people have seen

their paper, their paper account flourish, but didn't take profits. And if you had a being sitting here, if you're sitting here today when you did take profits and you said, let's see you grow an account from $5,000 to $50,000. All right. And I'll talk about that. And more detail as to how we can do that in the future or how we've got to have a good

shot at doing that. But let's say you grow your account from $5,000 to $50,000. And now it's back down to $8,500. Well, you're feeling the pain because you didn't take the profits at $50,000. Did you? Or maybe you took a bunch of profits up there. And now you've got plenty of stable coins. So now you're in the position of where do I buy? Where do I?

What do I buy? Where and what do I buy? And when? So you've got these options available to you now. For those that didn't sell, they watched their account go up from $5,000 to $50,000. And now it's sitting at $8,500. Well, you're still up $3,500. On a percentage basis return that's quite significant. However, you're feeling the loss of the other, you know, 30 on 32,000, also

37,000. From the height to where you are now. It's all about perspective and understanding what reality is. Sure, you watch your account go up big. Well, what about doing again? What about doing that again? But this time learning to take some profits to better in your position for the next run. These markets are incredibly sickly and technical. Now there might be different this time, but let's

go off to better historical basis. Sorry, off a historical basis. We've got our next Bitcoin halving event around the 22nd of June in 2024. Okay. So you've got, let's call it 18 months to get your head wrapped around what you need to. To then if we do get another strong run, make life changing money. But this time you'll have learned because you've been through a cycle.

This is the reason why, you know, for me being a trader, I was able to do well in 17. I did even better this run. But I want to do better again next time as in taking more profits when the profits are available. And because the thing is is that this market does continue to go through these big swings. Hopefully we see another big swing. And

hopefully there is generational wealth that we can build in that period of time. But you've got about 18 months to get your head around things and you've got two choices. If you're the person that wants to quit and walk away fine, absolutely fine. But how are you going to feel if we get another big, big run and you won't, you're not putting, you're not involved in

it at all. Well, what you're going to be doing is you're probably going to get back involved, but you're going to be buying when Bitcoin's at 50, 60,000. Not when it's down here around these levels that it is today. And I did a video on trading view and you can look at my socials. And if you're in the discord group, I posted the video yesterday and

the TC post chat at the buy levels that I'm looking at for Bitcoin. So you've got the option now to fight through the pain, removing emotions from this whole process and start to consider yourself in four, five years ahead. That is where you make your money. You don't make it today. You plan it today. You take action today. You educate today. You make it tomorrow. And

that's what people have got to get their heads around is that you cannot look to get rich quick and stay wealthy if you don't have a plan in place. When it comes to, when it comes to, you know, how do you get yourself to believe that you can do it? Well, visualizations are a really powerful tool. You know, I'm currently at a house on the beach,

beachfront place. And it's beautiful. Now I've been working my ass off the whole time. So as much as I'm working for a beautiful destination, it's not like I'm able to just walk out there and have a swim whenever I want. That's my goal is to be able to do that. Have I got there yet? No, clearly not. I'm still working really hard. But I want that

visualizing for me. Well, I'm in the house that I don't really want to live beachfront to be honest, but I'm in a beautiful spot. And I know that the house that I'm in, that's the sort of money I want to be able to spend on a house. I want to have a massive bit of land chickens and you know, beautiful garage for my boats. And you

know, I want, I can see it. I can visualize that. I've got pictures of that. Sometimes I go on to real estate.com here in Australia. And I'll go through and I'll look at the houses that are available in the area they want to be and then go, wow, okay. Yep. Got it. Reminding myself of why I do what I do when the times get tough because

they have been tough lately. I got duster and FTX just like a lot of people. So it is a point of which the visualization, whether it's in your imagination or going and finding the things that you want, it's a very, very powerful tool. The other thing you got to work out is whoever you got around you. So if you've got people around you and for those

in the US, today is the day of Thanksgiving. And I hope you have a fantastic day and you celebrate it with family and friends. But there will be conversations around that Thanksgiving table that will be house crypto going. Oh, you know, some negativity towards your chosen pathway forward. That's okay. Well, naturally, those are the people that are not, they're not your enemies, they're your family. They

don't understand it though. And it's just a reflection of themselves. It's not got anything to do with you. Whoever you've got around you to like minor that you can work with, bounce ideas off, invest and trade together, build together if that's the sort of thing you want to do. Get the right people around you because your network is your net worth. So if you're hanging around

with the wrong people that are telling you all bad things and they like to kick you in your down and when things don't go well, you know, if you've told your mates that you're in Bitcoin and Bitcoin's four and they're like, how's that going? Bitcoin going down there, Johnny? Well, clearly they're not really interested in you breaking free. They want you to stay at their level

and we call this tall poppy syndrome in Australia. Not to ignore those people, but you're certainly not going to be speaking about your investment thesis and your trading results and what not and how you can improve yourself in this area. If they're the type of people that you have around you, you've got a shift. Now we've got many assets or many resources. Sorry out there in

our space. You know, we've got Twitter space to start to listen to new people. You've got to be following people that are saying the right thing, doing the right thing. To help you not just, oh, I'm shilling this project to dump on my followers. And you know, often the biggest influences out there are the worst ones that you can possibly follow. It's just that people like

the easiest way. It's not going to be easy. If you want to do this, it's not going to be easy. It's going to be intense. It's going to be full on. But that's this market. It works hard. It moves hard. It falls hard. All of these opportunities, also all of these present opportunities to us. I mean, the right people around you to point you in the

right direction or to ask questions or about your ideas or to fail together and listen and learn from what you've what you've gone through. Being alone is not a very good option here. It's about sharing the collective experience and learning as a group. We've got a discord group there for those that want to be involved in trading. It's free. Just jump onto it. You know, it's

real simple to find. It's in the description here and all across all socials and whatnot. But get the right people around you. Now when it comes to building your investment portfolio, I want to cover this as a final point. A lot of people will spend their money on moon shots, you know, getting trying to find the next shiver in you where you put $100 in and

out. It's worth 100 million or something like that. Right. That is just so difficult to do and nearly impossible to do consistently. So don't think along those lines. Don't forget about that. But don't think about building your wealth through those sorts of means. If you have a look at the top 10 coins of each cycle. All right. And you have a you study the moves from,

you know, the end of the cycle, sorry, the beginning of the cycle, so the lows to the high, you'll generally see around an average of about 10 to 13 X return on some of these bigger top 10s. Most of the time, they are layer ones. So this time around some of our layer ones to consider. Obviously, Ethereum, Algo, near protocol, Matt, Matt, sorry, Matt, Matt, Matt,

Salana. And there's a whole bunch more out there. And why is it that we could look at these platforms? Well, a couple of things to consider liquidity. Let's say you do go ahead and you buy something. It's a small cap and it does go berserk. And now you've, you know, you've turned your $3,000 and a $3 million on paper. Is there enough liquidity for you to

be able to exit that position? That's a big consideration. If you go ahead then and dump it, you're going to crash the whole market. You're going to hurt yourself in the same process. You've got to find a market with liquidity. If you're trading something like, well, you know, you're invested in something like Algo or Bitcoin or Ethereum or near, you're going to be able to take

massive positions and sell it into the market and get your stable coins out of that market. Food for thought. Layer ones are places where people build projects on top of. The layer ones are the surviving and thriving during this period. I suspect, I don't know, of course, and this is absolutely not financial advice. It's the conversation around what I think and what I do and how

I do it. Something like Matt, it continues to have these, you know, announcements of working with these big companies. The meta Web 3 has certainly not slowed down. This fact, in fact, lots of companies are in the building process. Why? Because smart entrepreneurs and, and see EOs and business leaders know that during these periods of deflation, sorry, collapse of prices, what I was going for deflation

there, but the decrease in price value, this is a time to be building. This is a time to be getting involved in the market for the next run. So what is it we're going to see in the next run? Well, more than likely we're going to see a whole bunch of shit coins re-enter the market again. A lot of the bad ones get flushed out. Now,

the ones that don't have any revenue. Well, if you think about Ethereum, where's the revenue come from? Well, it's gas fee. It allows people to trade like UniSwap and whatnot, and the gas fees are created. There's a revenue model there. A lot of layer ones are going to have that sort of thing in place. Big communities are a lot to be built on. Fast transactions, all

these things. Have a look into these layer ones, because as I said, you know, if you're looking to grow your portfolio in a consistent manner, you would like to have say, obviously you'll need some, you don't have to do it. You'll want some Bitcoin, you want some Ethereum, more than likely, then lay some layer ones in there. So let's go for maybe 80 to 90% because

you're 80 to 85% of your portfolio. You might keep 10% there so that you can invest in some pre-sales of projects that you really like, but these should be smaller amounts, because you've got to manage your risk. If they don't succeed, well, and you've put everything into that, well, you've just done your dough. You don't want to be doing that. And then you're 5%, well, you

can keep your 5% there as well, so that you can go, okay, yeah, there's a coin called Snoop Doge. Let's go and invest in that, 100 bucks, and see how that goes. Because that might be your moonshot, but you've got to stack your portfolio in a way that's going to more than likely give you the most safest returns in the next cycle. And this is an

important thing to be considering now, because if you've got cash on the sidelines, whether it's your native Fiat currency, or whether you've got stable coins, it's now the time, now is the time to be thinking about what your long term portfolio might look like. Stable projects with a good track record and revenue already coming in. These are three, absolute must. Now, I know you're not going

to get 1,000X out of say, Algo more than likely, or Bitcoin. You're not going to get 1,000X out of Bitcoin at this stage in the next cycle. But it's not about aiming for that moonshot every time. It's about consistent returns. And you look at the seclicity of this market, we get these big runs up, you take your profits into stables, then the market falls back down.

And right now, as we're at that point, you start to make your next move for the next bull run. And the idea there is to make sure that the peak to peak, so you're two highs, you're in debt, as far as those I chose, there's principle, sollte be that great kick makes going on. And while, if those that have done it and haven't kept it, is

simply education and understanding of what it is that you're doing. Start planning your five years ahead. Start planning your trades better. Start planning everything and managing your risk and you too will survive last and prosper. Don't give up. Don't let a bunch of these pricks that have ruined things, ruined it for you. Do not let them kick you out of this market. Get involved and enjoy

your day. By the way, we've got our biggest sale of the year right now. The biggest sale of the year for us is Black Friday, Cyber Monday weekend. We've got that covered right now. If you're in the community and you've got, you know, you might have paid for an annual subscription a little while back, you can still take advantage of these deals and we just tack

it on to the end of your annual subscription. 50% off everything, bundles, community and course. So get involved and we'll start your education. Get going. And it's not just for traders as well. It's for people that want to know about markets. So that's a big thing. Learning about what is taught in this course, you're going to get access to understanding at which points we can look

to buy and at which points we can look to be taking our profits. And I will leave you with it. Happy Thanksgiving to those enjoying this day. And to the rest of you have a great weekend. And I'll speak to you again very soon. Bye for now. The trader, Cobb Crypto Show talking business in blockchain. We'll see you next time.