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the world's richest men continue to act like morons um what's up guys this is crypto james talking to you today about warren buffett and um elon musk and peter thiel and some dumb crap from crypto.com as well um staggering stuff before i get into that there's always a spreadsheet the first 26 coins i spoke about on my channel had you invested 100 bucks to each of these when i released videos about them and you're still on that crypto being profit for over 26 grand they're not the coins i hold anymore if you want to see the coins that i own come check out copy my crypto it's where i share everything i buy and sell on top of that guys look we're hurtling towards a bear cycle and a recession i mean we're hurting towards recession there's no doubt about that um and when these things happen we're gonna see cryptos drop massively in price they're real opportunities you can pick up quality projects for fractions of a penny fractions of what they should be um i've been speaking about this for ages and saying to everyone anytime you watch the video it's been build your list of coins that you're excited about long term now we're starting to head towards that bear cycle i'm beginning to share those coins with the copper my crypto members of the coins that i think have enormous long-term potential when i think that those coins are ready to do a 20x 40x 50x100x i'm going to be pulling the trigger on an investment and i'll be sharing them with the members so if you want to know what i'm excited about for the bear cycle then click the link in the description and check it out uh right let's start with crypto.com unbelievable so crypto.com has restarted staycam awards after the after the community went mad so um the firm decided that it would eliminate um eliminate the rewards program uh this decision obviously got tons of backlash community members when not some ready on twitter comments were generally negative and critical um and prices of crypto.com native token crow or chronos uh fell like 11 percent in the hours afterwards they backtracked their decision to fully unstake them awards where card users locked up crow for 180 day period to earn yields instead of eliminating card staking earn rates completely they'll offer a more balanced approach which is eight percent apy for private members and four percent apy for royal indigo and jade car jade green card holders um the rewards are obviously less than those that were currently offered and some users are still pissed off about it understandably because it was a very steep change from what was promised um the ceo noted that the changes were necessary to ensure long-term sustainability of the yields offered um which of course is going to be the case but you know what we what we see with d5 is apy's fluctuate but we know ap wise fluctuate and they're not a promised thing they have to fluctuate but when a uh an exchange like crow guarantees it you're gonna piss people off when when you make that decision it's good that they've um that they're rewarding again and they've gone back to the rewards program it's disappointing for a lot of people that those percentages have dropped particularly for uh royal indigo and jade green card holders because they have lost dramatic eight percent of apy in fact the amount that they've lost is equivalent to the inflation rate at the moment you know lost about seven percent um so yeah typical uh and stupid don't promise something you can't you can't deliver on with regards to those ap wise foolish um in other news warren buffett i guess dumbo with age man look obviously he's a billionaire and he's an exceptional investor but he doesn't see crypto as a productive asset adding that he wouldn't buy all the bitcoin in the world even for 25 now look whatever anyone wants to say that's a dumb ass comment that's stupid because you don't have to like he's always said i don't if i don't understand it i don't invest in it completely i actually agree with that but if i offer you i don't know how i like how apple's products work i'm not an apple user but if someone offers me all the apple stock in the world for 25 i'm gonna make that investment so he's been intentionally flipping intentionally stupid it intentionally dismisses of bitcoin um you know he's called bitcoin a delusion rat poison square adding that nothing could make him buy any krypto any price um and fundamentally said it isn't going to do anything and it's a stupid ass comment and you know all the billionaires at the moment seem to be going mad and behaving like school children it's pathetic like we're seeing ridiculous behavior from what uh supposedly some of the some of the greatest investing minds of all time some of the most the most innovative minds of all time you know mark andreason of andreas and horowitz mocked him saying it's so wild he says this stuff while nakedly shilling diabetes obviously he's a big uh elon musk musk warren buffett is a massive investor in coca-cola elon musk responded ha ha he says bitcoin so many times um all quite juvenile and this is obviously quite recent this is off the back of peter thiel another billionaire investor who stood on a stage and called our warren buffett jamie diamond and larry his bitcoins enemies and his personal enemies you know it's it's really immature and stupid-ass behavior from everyone involved really you know i don't actually not that elon or um andreasson actually said anything that's incorrect or that's particularly bad but it's just freaking juvenile and it's not what you expect from people that should be above like well no everyone should be above this this is shitty behavior and war you know peter thiel called warren buffet enemy number one and called him a sociopathic grandpa from omaha yeah funny maybe but street you know silly behavior um and then obviously uh warren buffett's come out and done this um and he said this as a result of i don't know like maybe as a response to uh peter thiel's sort of unrelenting attack on him during a bitcoin conference maybe he just you know maybe he just wanted to make the point that fundamentally he only wants to invest in things that he thinks produce something you know whether it's food or clothes or whatever um and yeah it's it's it's bizarre it's bizarre behavior is i mean he's saying things that are objectively stupid of course you'd buy all of the bitcoin in the world if it was 25 of course you would um you know i don't know buffett's business partner charlie munger also added harsh words for bitcoin saying in my life i try and avoid things that are stupid and evil and makes me look bad in comparison to somebody else and bitcoin does all three i don't see how it's evil i don't think i was more evil than the federal reserve um he said it's stupid because it's likely to go to zero that's false and is evil because it undermines the federal reserve system again that's false and third it makes us look foolish compared to the communist leader in china he was smart enough to ban bitcoin in china again i don't think i think china ended up being the ones that are seen as short-sighted there in the long term um and maybe it's just these two men buffet and manga don't understand crypto therefore don't see the value in it you know whatever you want to say about bitcoin as a store of value or as a payment mechanism as a transfer of wealth there's a function it does something that the money can in many ways um and that's just bitcoin you look into centralized finance and it actually provides people normal people with the retail with the opportunity to not get crushed by a bank offering nothing um odd really really bloody odd and i just i don't know i don't maybe i'm maybe i should be finding it funny uh you know the comments are funny in terms of the the stupidity behind them um but it's just it's it's it's billionaires that should that are behaving like kids in a playground well you said this about me so i'm going to say this about you that's sort of what it's like it's juvenile it's bod and it's bloody stupid um and the thing is is these people are influential and their decisions to to say these things have an impact and however you feel about every individual there they all say things that have ramifications for anyone that's in this market elon musk has done some damage to this market he's also done some great things for anyone that's a doge holder peter thiel you know he's obviously a strong advocate of bitcoin but he is also i mean the behavior is not sensible and buffett obviously doesn't doesn't appreciate bitcoin and but being one of the most influential men in the world in terms of investments it would be good if he thought through his comments because they do have an impact on the markets the when he said these things they did drop the markets down i don't know i don't know this is more just me having a rank guys there's not particularly tons of information i just think nobody's let me know what you think in the comments do you think do you side with anyone do you think they're all balanced do you think uh do you think it's a story about nothing it kind of is because it's just like i said it's a story about adult men behaving like kids and some of the richest men in the world behind my kids but um yeah i don't know just just piss me off a little bit just watching the sort of stupidity around uh the behavior so maybe that's just me maybe you guys find it funny let me know in the comments down below um and that's it from me hope you're all keeping very very well uh if you're new to crypto or you've been in crypto a while and you're not happy with um how you've seen the markets or you're not happy with um the coins that you think you're not happy with the list of coins that you've got for the long term then you can see exactly what i'm talking about i'll copy my crypto where i'm sharing the coins um that i'm bullish on long term and i'll be telling people whenever the moment i'm ready to make a buy and start positioning myself again um then you can you'll hear about the first one copy markup so if you wanna know about that you can click the link in the description and check it out guys that's it for me take it easy bye
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