Navigating the Crypto landscape…
We all love Elon Musk and Snoop Dogg and die hard rock fans still listen to Gene Simmons (KISS rock star).
The three of them are quite fascinating considering they couldn’t be more different from one another. Elon is a consummate scientist and engineer. Snoop Dogg is a successful rapper with a 30+ year entertainment resume and Gene Simmons is still known as The Demon co-lead singer and bassist in KISS.
The three of them promote and encourage DOGE Coin as often as possible but you owe it to yourselves to learn who these DOGE promoters are and why they are working in tandem. They are members of the 1%. When they promote Doge, millions of regular folk risk the little money they have while those celebrities make a fortune.
These influential celebrities know that when they band together, they are practicing market manipulation and benefitting from it. If held accountable, the fines they may pay are insignificant when compared to the money they make as a result of your small contribution.
Taking a moment to look at their bio’s might help you understand how the wealthy engage in market manipulation that affects regular working people in devastating ways. The wealthy, can pay the fines for manipulating the market and usually do just that – they just pay the fine!
Hard working men and women who have placed a bad bet on the markets have been financially devastated because most don’t catch up in a lifetime.
Sadly, millions of hard working 9 to 5 folk, listen to these celebrities thinking that if it’s good enough for Elon, Snoop and Gene, then it’s good enough for them too. NOT TRUE!
Watching these short videos will help you understand what these DOGE promoters have in common with each other (since they all promote DOGE) and what, if anything, they have in common with any of us.
Here is a video explaining how Elon Musk, scientist, inventor, innovator and crypto promoter “travels”. He “shares” his private jet with Jeff Bezos, Dwayne Johnson, Robert Kraft, Cristiano Renaldo, Steven Spielberg and Oprah Winfrey.
Snoop Dogg, (charged with committing a murder and eventually acquitted) served 4 years in prison on yet another crime. He’s been in the rap business for more than 30 years. He knows everyone who’s anyone in the rap industry. He had a jet in the past but poor business decisions make a jet unaffordable for him now. This video will help you understand who Snoop Dogg was in the past and who he is today.
After you watch these videos, ask yourselves why you are allowing billionaires and rappers to guide you in your financial decisions.
Generally, I suggest that people read the Securities and Exchange Commission (SEC) definitions of who is, or is not, an accredited investor. It will save you time, money and heartache.
The SEC’s definition of an “Accredited Investor” is well written and easy to understand. And I will keep repeating that this definition is important because everyone is not an accredited investor.
These few that think they are investors (when they are not) are also the people whose friends and relatives say they should not be anywhere near cryptocurrency exchanges, race tracks, poker games or casinos.
I realize you would rather read happy stories about people becoming billionaires on cryptocurrency and not have to look at the realities of life but you need a touch of both.
One of the best reasons the SEC publishes the definition of an Accredited Investor is because far too many people that cannot afford to invest, cashed out their 401K’s and other retirement programs to buy cryptocurrency and stock. An American 401K retirement account is equivalent to an Australian superannuation.
In some countries, sales people took in huge amounts of cash and didn’t even offer a receipt. And if anyone is wondering… Those funds may or may not have remained in your country, but they never came to https://BankcoinReserve.LLC (a private, legally registered tax recognized company). We must account for everything and do just that.
Salesmen who reportedly collect funds to build their respective business interests, have actually been investing in real estate they have registered in their own names, the names of their children, and or the names of businesses they own themselves (or through 3rd parties) and whose ownership is registered in countries where your courts have no jurisdiction.
If you are going to buy crypto, do make the effort to study the crypto that appeals to your good sense and your actual family budget and examine who you hand your money to.
Is the person you are handing your money to a registered financial professional recognized by your government? Is the person licensed at all?
Financial professionals are duly registered in their countries so that their credentials may be verified.
Do not be blinded by outrageous and outlandish ethereal sales talk. One cryptocurrency promoter (performer) told customers that cryptocurrency wallets were invisible and that they would not have to pay taxes on the wallets because the authorities “couldn’t see the wallets”. That is absolutely not true – but the sales people still say it today.
By the way, none of us have anything in common with Elon Musk, Snoop Dogg or Gene Simmons. Nothing happens when celebrities or even bankers manipulate markets with tweets and messages in the news and on social media.
It has been alleged that while publicly stating that “crypto is garbage”, Warren Buffett (a world famous investor) instructed company executives to replace large portions of the famous banking portfolio with cryptocurrency. Authorities are launching investigations on the matter.
George Ball, former CEO at Prudential Insurance (and in his nineties just like Buffett) is all over YouTube apologizing for telling so many people early on that crypto had no value. He is on numerous podcasts and YouTube videos telling the public he was wrong and asking for forgiveness.
When well known, wealthy people make earth shakig announcements they don’t even get slapped on the wrist. The most that will happen is that they’ll pay a fine (which they can well afford).
The current COVID19 pandemic has whole villages and cities around the world shut down for weeks (sometimes multiple times). You and I have to quarantine, constantly schedule business and see our friends and relatives (through zoom of course).
In essence, the pandemic has disrupted every aspect of our lives, on a daily basis for almost a year now. The DOGE promoters on the other hand are completely unaffected by the lock downs and they don’t suffer quarantines of any kind because they fly private jets.
They don’t even make cues (wait in lines) they simply go to their jet and off they go. They are not subject to quarantines or restrictions of any kind. When they take a financial loss (if at all), for manipulating the markets, they can afford to lose a few million and it won’t affect them in the least.
Working folk however can lose everything they have from just a small bad investment here or there. Not being a financial specialist of any kind, I cannot offer financial directions or instructions because I am not qualified.
What I can do is share my observations and ask all of you to “open your eyes” when it comes to parting with your money on any market.
So in summary, what do we have in common with Elon Musk, Snoop Dogg and Gene Simmons? ABSOLUTELY NOTHING. They can all afford a financial loss and they’ll survive it.
You and I cannot.
And also know, that it is perfectly legal to buy and sell cryptocurrency peer-to-peer. There is no law against buying or selling cryptocurrency but do make sure to talk to your tax professional about paying the capital gains you earn to your tax authority (in whatever country you live in).