hey what is up my total boss crew we're
gonna do a Facebook live here I have to
park again am i walking around I want to
sit down here Florida steamy it's hot so
I want to do another Facebook live for
you so I'll let you guys jump on live
I'm gonna sit down here right now
[Music]
what is up what is up guys so I wanted
I'm going to talk to you a little bit
about making money with bitcoin and I
want to tell you a quick story but when
I've got started with Bitcoin it was
2010 2010 Bitcoin was five dollars you
can believe it okay here we are in 2017
it's close to three thousand so I bought
my first couple of bitcoins when it was
going up to went up to thirty and then
it dropped down to can drop down to a
dollar and I didn't buy more I mean you
know is one of those things at the time
you just you just don't know you don't
know if it's going to be good but I
ended up buying you know a few bitcoins
during that time and it was hard back
then to buy bitcoins you had to send the
money in fact I had to go to a bank and
drop deposit the money in the bank and
then I had a technical you know or email
the guy saying hey I dropped the money
here's the here's the money
Semmy bitcoin so that's how you used to
get bitcoin yeah you can still do that
today
there's a place where you can you know
send money through PayPal and or not
PayPal but through your bank and then
keep your Bitcoin tools it's I mean it's
it's good but it just seems a little
crazy to me
coin base came along and allows you to
get money from your PayPal get money
from your bank and they'll exchange it
the one thing about bit about Bitcoin is
this is that Bitcoin with coinbase
is they really they don't really own the
bitcoins but if you buy bitcoins from
coinbase get it off Bitcoin or getting
off coin base and put it into it to the
Bitcoin wallet okay because um if you
get it onto a Bitcoin wallet then you
own it you own the bitcoins and nobody
can ever take it from you so how do you
make money with bitcoin and this you
know there's really there's two ways to
make money with bitcoin okay and I want
to just discuss those with you but
before I talk to you about two ways
making money with Bitcoin I want to just
just tell you straight up that there's a
lot of scams going on right now that are
trying to take your bitcoins from you
and
they're convincing you that this is what
you need to do and let me just tell you
that there's I mean there's some really
good scams out there okay and they're
just all they're doing is just taking
your money and they're there putting up
a website and they're there putting fake
numbers up there like if you're invest
in your Bitcoin and and what they're
doing is they're using scripts to like
show these fake bitcoins that all it is
is just a Ponzi scheme where they're
taking bitcoins from somebody they're
putting in the Bitcoin pier and then
eventually what happens is it it ends up
they closed down because there's no new
money coming in like the buzz wears off
like a new shiny object comes around a
bunch of people move to that new shiny
object so this Bitcoin scam closed it
down because there's no more money
coming in and they just take your
Bitcoin with you and when you send your
Bitcoin to somebody else it's gone it's
done all right and you know I've gotten
hit by a couple of these you know
recently was my crypto pain ads I mean
it was I thought it was going to be good
you know my paying ads but it was just
dumb it was bad it was just went against
everything that that I you know knew
about and so then I'm closing down and I
lost you know some I mean I lost like
one like mega tooth like one and a half
bitcoins with that now you think one
half bitcoins it's not a lot but it when
it's the price is $3,000 for a Bitcoin
that's a lot of money so they close down
you I never see that again but it was
just frustrating because you know
they're making money with that Bitcoin
now like they can take and do whatever
you want with it I don't it they got a
ton of it but there's just so many scams
here's the thing if you take your
Bitcoin and you send it to somebody
right that Bitcoin is lost and it's just
like if you had $100 in your pocket
right and somebody came up to you and
said hey give me $100 and I'll take it
and I'll invest it in this thing over
here you wouldn't do it you'd be like no
get out of here okay so same thing with
Bitcoin if you taking your money and
you're sending it to somebody else
you're losing it just to just don't get
caught up in to the next shiny object
don't get caught up in somebody sending
you an email saying they're making you
know X amount of dollars Bitcoin their
BS new they're just sending you a bunch
of crap but trying to get you to sign up
for this thing they're trying to get you
to take your Bitcoin invest it and all
you're doing is just
to them it's just it's one big scam so
it's just a Ponzi scheme okay Ponzi
schemes are legal and all it is is ponzi
schemes taking one Bitcoin shifting it
to another Bitcoin to another person and
all they're doing is just shifting it
around okay
so don't do it you're going to lose it
treat it like it's gold you know if you
had gold coins you wouldn't just take
those gold coins and just given anybody
I mean it frustrates me and I was
frustrated because I I went against you
know what I did was and I put my money
into that my crypto paying ads okay but
I see so many of these these other scams
that pop up I mean there's just there's
a ton of them right now there's just and
all it is it's it's so funny because
it's fake numbers it's just fake numbers
they say they're doing this but they're
not doing it the mining things right now
are there's a lot of scams saying that
they're taking your money and they're
vested into mining they're not invested
in mining okay the when you invest when
there's mining companies out there okay
let me tell you mining companies that
are out there that I legit they're there
they're in these warehouses there's
these huge racks of servers and they
show pictures and videos and they show
who owns it who runs these these server
racks you know you could see it you
could actually go there and look at it
and see it
there's legit people behind it okay but
even with that you still got a you still
have to you know take it for for what it
is okay but all these other stupid
websites that are just claiming to - you
know mining your bitcoins that all
they're doing is just there's no not
bogus sites they're throwing up bogus
sites okay and they're just saying that
oh we're we're mining your Bitcoin but
they're not they're just taking your
Bitcoin and they're just they're into
somebody else and they're just put into
their own pocket when that website
closes down you're going to be stuck
with nothing okay okay so let's talk
about making money with bitcoin number
one the best way to make money with
bitcoin is by Bitcoin and freaking hold
it okay I'm telling you I when I bought
my Bitcoin of five dollars I was in a
wallet and I put this wallet into a a
secure like a like a Dropbox you know
like Dropbox it took I secured the
wallet stuck it in Dropbox and forgot
about it
for like two years
and then downloaded it put it into my
wallet uploaded it boom the bitcoin was
still there but the price was not five
dollars anymore the price was now you
know $1,200 okay so buy bitcoin and just
stick it in a freaking wallet and put it
on to your Dropbox forget about it for
ten years and you're going to make a ton
of cash okay because bitcoins going to
be around for a long time it's going to
it's the wave you know it's where
everybody's going with digital currency
you know the government's that have this
fiat currency that we have right now you
know they're going to be struggling
because they're going to be going up
against you know Bitcoin and these other
currencies digital currencies so by the
by if you want to buy a theory of you
can stay away from all the other all
coins but a theorem at the coin I
believe are going to be the long term
coins you can have a lot of alt coins to
come around but the first way to make
money by Bitcoin at coinbase you get it
off coin base and put it in your own
wallet take that wallet and stick it
into a Dropbox and then forget about it
for ten years okay you you know it'll
you'll be open it up and you'll be have
a freakin goldmine of currency okay
that's going to be the first way second
way and this remember this is the only
two ways you should be worried about
making money with bitcoin second way is
to go to a website called pollen X and
I'll leave the link in the description
here I'll leave a link in through the
comments and let you guys go to that but
there's a website called pollen X okay
and and listen I I don't really I think
the only way you should be making money
bitcoin is buying it and stick it in a
wallet forget about it okay just invest
in it and leave it alone
don't try to don't try to double your
money or don't try to play these stupid
games and try to you know just take
whatever money you have buy bitcoins to
get about it and then when ten years
five years whatever it is you can open
it up and you have a whole crapload of
money okay so but if you want to get in
there and you want to do it legitimately
go to a website called politics politics
is just like going to like Forex so if
you ever been into Forex and you've
traded 4x you can go on and you can
trade currencies you know when
currencies go up you know you if you buy
low and they go up and you sell then you
make money if you know if it's the top
and you buy it it drops then you sell
off you make money it's the same thing
with these
with the currencies if bitcoins goes up
you know if you bought at a certain
point and it goes up and you sell it you
make a profit if it if you buy it you
know if you think it's like at the top
and it drops right if you buy it and it
drops and you sell it down low you make
money
okay now big if you buy it in it you
know let's say you sell it up here and
then it takes off and goes up you're
going to lose money okay so there it's a
gamble it's you know it's it's a gamble
and you have to really understand that
but if you really wanted to get in you
wanted to make your bitcoins work for
you
politics is going to be the best way to
do it anything other than politics stay
oh just stay away from okay all these
other altcoins that are out there
they're just they're just dumb they're
not they're not worth putting your money
into it okay they're just you know
they're just waste of time they're just
going to put your money into it and it
the coins aren't going to go anywhere
you got to go where the volume is that
you got to go work people are actually
trading daily on it on a daily basis you
know it's like the forex market you
don't see like all alt currencies like
all you know all Forex all over the
place now you see the forex market you
see us us you know euros Canadian all
that okay those are all traded there's
huge volumes of currencies that are
traded okay so crypto currencies right
now that's the same thing that's going
on now you have bitcoins theory and you
have - of all of these other currencies
that are in the politics market that are
trading back and forth and you can get
in there and you can if you understand
about buying and then you selling it you
make money okay but just understand it
if you put money into it and it goes the
wrong way you're going to lose your
shirt okay so you got to you got to
understand about you know getting
stopped putting stops in and getting out
of it and all that that's a way to do it
now just to understand it it's it's
risky you know it's just like with
anything it's risky you got it you've
got a there's there's no guarantee
you're going to get in there and make a
ton of money but if you do it right and
you understand it and you understand the
dynamics of it you could possibly turn
your one Bitcoin into three or four
alright don't try to turn your one into
50 bitcoins
not going to happen just if you can
double your bitcoins great if you can
add another 30 percent your bitcoins
great that's you know that's like the
stock market you know if you know how to
use the stock market we can make money I
mean most the guys in the stock market
the really good hedge funds if they make
10 percent return on money they're doing
well but you know they're obviously
trading billions of dollars so 10
percent on a billion is a lot of money
it's a lot of profits so don't expect to
make 100 percent or you know these dumb
websites that say they're going to going
to give you 200 percent of your money
it's just dumb it's a Ponzi scheme
anybody says they're going to make you
one percent of your money guaranteed on
a daily basis is they're taking your
money and and stay away from ok it's
just dumb dumb investing but hey again
you know there's millions of people that
get online and they just they just don't
know any better and they just put their
money into these dumb websites and these
websites all they do is they pop up they
get a bunch of buzz together they they
you know they hang out for a little bit
to get people to invest in it and then
like three months later they're gone and
they're taking them on people's money
you know that my crypto pain adds a
bunch of people lost their money in that
you know but then I see the new there's
this new there's always every six months
there's a new flavor of the month is a
new shiny object in the crypto scam
world that that pops up so just
understand that when you get into these
you know you got to just you got to just
buy the Bitcoin and hold on to it
because I look all booked Bitcoin is
it's just it's just a it's a store of
value that's all it is if there's
nothing to it there's no there's nothing
it's just a digital currency it's a
digital mathematical equation sitting in
a in a Dropbox and you know if one day
the world says you know we don't think
that bitcoins worth it anymore then and
they don't use it anymore than it would
drop to zero but I don't think that's
going to happen because that's where
we're going right now with currency you
know with with cryptocurrency it's more
of giving the money back to the people
okay with the government currency they
can just print that money all they want
cryptocurrency is not printable it's not
just you can't just print it you can't
just government's aren't able to just
you know inflate it whenever they want
and all this dumb other currencies okay
so just if you want to make money with
bitcoin buy Bitcoin hold on
stick it into a Dropbox and let it
mature for a few years and then open it
back up okay promise you that'll be the
best way to do it but if you look if you
want to get into it go to politics calm
and work your way a little bit into
politics okay
so that's going to be the two ways to
make money online with bitcoins again
don't don't put your money into these
other dumb websites they're just going
to take your money you're not gonna you
think back from it okay if you just it's
not even worth it um I mean I feel bad
for these I see a lot of these guys all
you're doing is just promoted they go
from one to the next you know four
months they're on to something new next
four months on to something new you know
if you're looking for internet marketing
you know do internet marketing do
internet marketing and create products
or or promote products and make a
percentage on and make a sale on it
because that's you know it's a product
that you can but don't if you're you
can't just promote these other dumb
currencies and get people into it and
then just take their money it's just I
don't know I don't feel good about it
and I don't feel good people there that
are doing it alright so anyways alright
so that's two ways make money with
bitcoin this Tyler prep subscribe to the
channel also you can comment below let
me know what you think like this share
it and we should be here tomorrow with
another life for you alright so this is
the total boss Crew channel right now
and we're going to sign off and I'll see
you guys tomorrow
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