Episode Summary:

In this episode of the Crypto Breakdown, I talk to COO of FCF Pay Joe Parkin about:

Revenue Sharing Tokens
Crypto Poker
How to do your own due diligence

Guest:

Joe Parkin

COO of FCF Pay

Telegram: @joeeoj

https://linktr.ee/fcf_bsc

Host:

Joe Dewitt Follow at: https://twitter.com/metabitz

Crypto Heat Map

Subscribe to our Benzinga Crypto Youtube Channel

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Questions? Ask at joedewitt@benzinga.com and we will answer!

Hey there everybody happy Wednesday. And welcome back to another episode of the crypto breakdown. My name is Joe Dewitt, and today with me, I have a COO over at FCF pay, Joe Parkin, Joe, how are we doing to start things off? For some listeners out there who may not be familiar with the platform, if you want to just go ahead and talk about what FCF pay actually is.

So fcf pay is a crypto payment gateway. In the case of e-commerce we take the. We work in a similar kind of way to pay panel Stripe. However, we're slightly different in that we can be integrated with point of sale terminals in brick and mortar stores, or also, and do you do crypto payments and Fiat payments, or are you sticking with crypto payments at the moment?

Or how does that work? The core products CFP is crypto. However as FCFA is built with an API that can connect to anything We have a crypto on-ramp at the beginning and off-ramp at the other end. So although we are processing crypto, we do offer integrated systems for people to be able to use their credit cards, to buy crypto and send it directly to the merchant.

Okay, cool. And for the merchant to off-ramp directly to their. Bank account. We're currently doing this with . We have a partnership with them. They're one of the biggest players in the feared cryptocurrency space, working this with the larger exchanges. And I'm not too familiar with the FCF token. So how does that work?

Is there any like unique utility with it, or if you wanna talk about the dividends or how those come into play? So the unique thing about our token is that it's a revenue sharing. It's not a utility token as such, because it doesn't actually do anything within the system. Its sole function is to distribute dividends to its holders.

So we have 10% to economics on buys and sells. Half of that is distributed as BNB dividends amongst holders. And then also two thirds of every transaction fee through. MTFP also goes back to the community to hold it. FCF token in the form of one third, directly as evidence and one third as a, an automated buy back in burn.

Cool. Is it available on other trading platforms or is it strictly through MTFA? They're actually. It's on pancake swap so you can buy it by its own pancreas. Awesome. Exactly. But also on L bang can hot bits as well. We're our roadmap includes larger exchanges further down the line.

However, not very much further down the line. However, to be perfectly honest, the sensible thing to do is to hold a in, in a wallet, in a defy wallet, because that way you get your. Exactly. It would be a shame to probably on a, an exchange. Yeah, exactly. And then you're not receiving that that, that dividend payment.

Exactly. Moving down the road, does FCF have any sort of plans to pivot or move into a sort of an NFT project or any sort of NFT utility down the road? Are you just sticking with the way things are now? Or has that been in the talks a little bit? We actually don't really have.

Really? Yes. We have a project called French fellas. They are 2000 hand drawn French bulldogs and they. They actually have a utility, which is coming in into play within a few weeks at most, which is, which ties into another project that we have, which is FCF poker soon to become FCF casino.

So a full web three poker room, which is life. You can go to FCF, polka.com right now and play we process the payments through FEFP in order to buy you. To buy your poker chips which by the way, I didn't mention the fact that FCF pay is multi chain where we can process payments from just about every 10 you can imagine and tokens they're off.

So yeah part of the rake from FCF poker goes to French filler, French fillers. Awesome. And the French fellows. Are they on the Ethereum network or Selana or which networks? Yeah, the tokens on BSC. Okay. However we opted to we opted to launch the because that's where the majority of exactly.

Yeah. Yeah. I see the investors and the good projects over on the Ethereum. No. For now, at least for the time being yeah. Moving forward to onboarding kind of new investors into crypto and getting away from traditional finance into defy. Is there anything that comes to your head when thinking about how maybe some best ways for people like us to onboard new people into crypto or defy?

One of the things that comes hand-in-hand with doing what we're doing, which is. Forming a bridge between traditional commerce and the crypto sphere is education. By speaking to companies about, so business owners about using FCF pay to process crypto payments we also educate them about crypto as a whole, and they very often end up getting interested in investing in.

In encrypt. So once they realize that it's not as scary and underground as they think it's because often mainstream media does tend to push it one way or the other. Yeah. It makes it look bad. In fact I just got off a call four minutes before I got something with you, but it was about local economic redevelopment and things like this.

And. The conversation went from not really understanding what crypto is to asking how they can invest. Once they start to understand it better. They realize that it's just digital money and it's the blockchain is a way of having it's as simple as a way of having one copy of a disallowed asset.

Exactly. And then you transfer it from one person to another, and then that list is shared on lots of computers in the same way as. As in web servers have multiple copies of the same all around the world to make it work better. Yeah. And what you said earlier, like taking, getting rid of that fear or that that's scary aspect of crypto where if you don't necessarily have that knowledge and you're not quite aware of, these assets and what they really do, it seems really scary at first.

And it's hard to think about investing in it. And once you have someone, break it down in a simplistic way, it's. It becomes a lot more user-friendly because like you said, it's simplicity and it's in its most simple form. It is a single ownership of a digital asset and it's, once people start to understand it, it's oh, you know what?

That makes sense. I can get behind that exactly. Start to, they start to even understand some of the more. What could be seen as more complex ideas of using FTEs for like the deeds of property or something? It sounds insane. Oh, hang on. No, that's much easier than going down to an office and signing and stamping a piece of paper and filing.

Yup. Yup. And Mo a lot of the people that I interviewed too, they say a lot of the same thing, like a lot of the CEOs or CEOs, and they're talking about all these different dynamic aspects of NFTs and how we can use them in the future. And any other person who's not really in this space, you couldn't really comprehend using an NFT or, nonrefundable token in that.

But, we're looking at it. We're just scratching the surface at this utility and it's yeah. It's going to be around for quite some time. Crazy. Th these people, I was just speaking to that after a while they said speaking about FCF token, they said they were like, so basically it's stocks.

I said no, it's not stock. It's better than stocks because you get your dividends every 24 hours. You can decide to increase or decrease your position at any time of the day, any day of the year any time own, you can see aspect, you don't get that with stocks, but we kind of form a w in our cases, the FCF family, and it's a genuine community and whatever everybody gets behind this, and you can information flows.

More freely. You can find out about what's going on in real time, which you don't get when you're investing in the stock market. Yeah. That is absolutely one of the best things in crypto too. Is the community just no matter where you are, where wherever you're investing, if you're in the space, you are going to be a part of some community and it's for the most part.

It's usually pretty awesome. Yeah. That's the thing that today, what I'm most excited today was the most excited about is. Something that we're planning to do with our donation widget because using the community aspect of cretae our slogan is empowering cripsy, and we want to bring the whole crypto sphere together to, to take crypto into the mainstream.

And one of the ways we're going to be doing that is by trying to get everybody gets everybody together to back good causes. How we're not just our community, we're an amazing community and makes them, do some good in the world. And we've got brilliant project going on which I'll send you information about as soon as I can.

I would love to. Yeah. I'd love to look into that a little bit. It's going to be a big one. That's awesome. Finally, this is my last question. This is one I like to ask everyone at the end of our interviews. So my favorite one to ask personally for you, I just want to know how you got introduced or how you started into the world.

Yeah, I'm just a general purpose nerd. I'm a nerd about everything, everything I learned about, then I have to dive into it as deeply as possible. Weirdly I learned about blockchain many years ago. But I didn't invest. I I found it interesting. I started up, started off by thinking about these kinds of deeper uses for it about.

Now how you could use it for tracking complex data flows and things like this. I was thinking about it and for such a long time, I'm thinking about what it could mean for the world economy. If we were to create a blockchain based economy with peer to peer. Transactions, et cetera, but I was so busy thinking about it and doing other things.

I know I didn't invest. I only started investing like two, three about two and a half years ago. But when I do something, I go all in. So then obviously, then I quite quickly I found that I had a knack for it. And also that I'm quite good at finding good projects and actually starting FCF as an investor.

And then. It goes on very well with John the founder and you know what, come on board. And here I am, because one of the things is that both John and myself, we were business people we've both run businesses before this. John didn't. John had never had any another crypto project before he got into into starting.

Partly because apart from his vision to take her to payments to the mainstream, it was also because he was fed up for getting rubbed.

He was going in. If I make a project, I can't run myself as exactly. In a way he has shrugged himself because he's invested a lot of his own money into it. That's how that works w we can work on rewriting. Yeah, so going forward. So the concept of re drugging or something, which I find funny, but that's one of the things that people that scares people about crypto is getting bragged.

And so everybody should remember, that's only going to happen to you if you're being greedy. Exactly.

Oh. And people do not do their research. They really do not. It's. As we like to say here, as we like to say here on crypto breakdown, never financial advice, always do your own research, but actually do your own research, doing your own research. Isn't saying, do you have a, do you have an audit?

Yes. Are you yes. I'm going to buy. That's what they do, honestly, but then on the other hand, there'll be. There are projects which do end up setting out to be a scam or just having nothing behind them whatsoever beyond the logo and the promise of a staking platform, for example, or the promise of a swap, the promise of community.

Yeah. But then but then they're getting hundreds of millions of dollars, mark. Yeah. Whereas our project and other projects that are actually doing something remarkable often take a lot longer to get going. I have to say our project had a huge hype run-up before products were built. And now we're coasting along at the moment while we're finishing product development and everything else and waiting to announce some of the big names that we've got.

We've got some board. It's amazing that before we proved that we can do what we've done. There was more excitement than having actually done it. There's some certain things that are somewhat confusing. Yep. I swear that is a big thing in crypto. When you have promises or you it's before a project launches or a project is being built.

People always like it more than when a project actually delivers on the utility that they say they will. That's when, people were kinda like. I'll go find something else. And also you have that aspect of culture to really, you could build a project with so much utility that does so much good.

If it doesn't gain traction amongst, the right investors or it doesn't sit right with the, crypto traders or NFT traders. It's not going to get that traction that these other projects will. And it's, that's the crazy part is that it's so much culture involved in these trading of NFTs.

Absolutely. I've got to the stage that I can look at a chart and kind of almost here. Yeah. Oh, and then it's got this group psychology of it's fascinating. It's fascinating to watch, but but th the long-term way to wait to make money and critters to do your research. That's how you make money. You find a good sort of project and you just, or some good sort of projects, and then you stick to them and you keep up to date.

It's not, if you're lazy about. Like with anything, if you're not going to make a good living, if you're lazy, let's say, Hey man, you might get lucky. You might win a lottery. But generally speaking, your chances of success are much higher. If you actually put the hours in, go and listen to the AMS, go read the white paper and the news and the updates, the roadmap, if it gets.

I'm going to back off of that and say, it's not even enough to just do your own research. You have to continue doing your own research. You have to, you have to look at what's happening currently in the project and how they're integrating with other things and whatnot. Yeah. It doesn't stop.

That's the thing that is hard to understand is it's always got to keep we've we, we finished our 2022 roadmap and we just. We're nearly finished. So we focused a new one, which covers the next 12 to 18 months. And we've already in the first week or two weeks of publishing that we've already announced a couple of things with, for example Zapier, let's say we've got Zapier and make.com integrations.

Already done the roadmap. Wow. That's just me. And there's something else coming out, which isn't on the roadmap as well. Not yet. Not yet. It's something related to the charity thing. Okay. All right. Fair enough. Fair enough. It was however, a lot of this people that keep up to date with ni. Would have seen some rumblings on social media.

She knew in one hand and Some things that I've said I'm really bad at keeping my mouth closed. John, the CEO is even worse than me. He'll just be like, in fact that's why one of the reasons we publish a roadmap for the next 18 months just to get it out there. We're all rubbish keeping secrets. So let's just but I've already let loose some information on the telegram group about some of the public figures involved with. With the charity thing. Hint, hint, if you want to hear here's some more FCF news, go join their community, get on their telegram you on their discord came from you. I've said it sounds a lot more credible.

We're always in there. We're always active. We're always happy to answer questions, but not just the team, but the community are incredibly well-informed we have we have a thing called the panic filter on the telegram group. If people say the word panic, then it brings up a message reminding people to keep calm that cryptos.

And just after we had this big hype runoff and then the, correction afterwards, people made ridiculous amounts of profit. It went from the token was launched on the 20 on the 19th of August last year. It went from 20 K up to over 70 million. You can imagine the amount of profit people we've made.

So obviously it has to correct. We're currently sitting around five, okay. Five, 5 million, but even twins to 5 million, which is one another thing. Advice to people that get into crypto don't look at what the peak was, look at where you were and where you are now. If you've gone up 50 times and then you're sitting at 20.

You didn't lose 30 times you meet people and unrealized gains on not gains unrealized losses, not losses people. Don't get this one either. Anyhow, what am I talking about? That's the beauty of the podcast, the panic filter. We haven't yet. I realized the other day that has been exactly no panic during this.

You know what people call crypto crash. Yeah. Start of the bear market or whatever. Yeah, everyone's fine. Everyone's pretty. I think for most people, I think for a lot of traders, especially myself included, it did start to feel a little unnatural at a point. When you're talking, soup, when staple center is getting bought out by, crypto.com and we got crypto.com arena and Sophie arena and everything, like it's kinda, it kinda felt like we were getting into a place where crypto was just everywhere.

It was every Superbowl commercial. We were reaching a point of, so I think for a lot of traders or people that have been around for awhile felt a little natural to be where we are right now. But that doesn't mean it's not scary, but yeah, I definitely agree. I don't think there's as much panic as you would expect.

Really? No, I think like back in 2017, I feel like a lot worse or even the COVID I think assuming that potentially there are certain people that may not have, sorry. There are some conspiracy theories out there that there's market manipulation is what I'm trying to say. Now, if that would be true, then that could be triggered by having a crypto com and things up on sports stadiums.

And they could say, oh, this is getting a bit hard. I think I might sell off a load of this. Definitely could potentially just, I don't want to get into that kind of thing. I think there's always there's always an element. There's a grain of truth in any, anything. However, the crypto community now has the confidence that this is the time to buy more.

It's fine. Just normal. Normal folks are just happy to keep growing the bucks because everybody knows where we're going well, and it's that aspect of, the technology isn't going anywhere. It's not that developers are gonna stop building, it just because the, these present price of crypto is going down, it doesn't mean that any of these projects are gonna stagnate or we're not going to start building even more.

So that's the aspect you got to look at. It is there's gonna be more building probably in a time like this, and you'll have that rebound and, however long. Your average traders starts being like all this building was here the whole time. I'm glad at the moment that things are quiet because it means we can get on with our work without the tokens not pumping.

It means that we're, we can get on with building stuff a little bit, because otherwise all the adrenaline's going and know, but this is what, this is much more productive at the moment. We're just good. Fun. There's no way, like another indication that things are not going anywhere is that we in the payment space, we are nonstop this morning.

And I finished finished up a proposal for a huge real estate development company in Dubai. This afternoon I've been speaking to people in the public's fear regarding past, past. Speaking about was regarding regulatory conditions in order to allow blockchain based businesses to flourish.

We are in contact with huge payment service providers. So there's so much is unbelievable. And that's. No before, before the start of the next boardroom. Now, once that starts picking up the it's just going to, it's going to be the absolute ridiculous, which is why we're busy building.

Yes. You've got to build now. You got to build now while you can. Absolutely. Now you can't think that the crypto is going anywhere when the news is like right now, if. Literally, this is a real news story I saw on the BBC news was pub in Birmingham, except stowage going for payment. This is only about three months ago.

I saw this news story. Yeah, that's one company, one small business, small local business accepting one cryptocurrency. And it's on the BBC news. What are the most famous news outlets on the planet? Now it's gone up a little bit in terms of, it will be news about Gucci or what was said. There was another one and I could have a fashion brand now accepts it's serum, crate, Ethereum, and Bitcoin as payment in there because people like hanging out for half an hour until your payments cleared in order to back.

But it's all over the news, but mainstream news. I'm talking to household. I'm really watching my word sometimes, but I took it to household brand companies about rolling out critic payments. And they want to do it for marketing purposes to start with, which tells you exactly that crypto payment is in the zeitgeists as part of the fabric of society.

The moment people are people generally expected to happen and people that start doing it now are seen as innovators. Absolutely. Yeah. So yeah, we're in the right space. I'm trying to think of that for a while that, these bigger companies are going to start to slowly, except a few larger blue-chip cryptos and then all the smaller companies all these big fortune 500 companies and be like, Hey they're accepting crypto and they're making a lot of money. We have to do it too. If it's popular and we're going to stay afloat and whatnot. And then that's kinda how it all starts because you got to adapt in order to survive.

And people love crypto there's two over $2 trillion worth of value increases. And companies can make a choice, whether they want to accept some of it or not.

Why would you not? I know it makes absolutely no sense whatsoever. And then we're doing things to make it as easy as possible as well. So with the on-ramping and off ramping and all of this stuff the, our API connecting to to accounting systems, to billing systems, invoicing. Et cetera, et cetera.

We've even built a system with multiple user types and what it's nearly it's not live yet, but it will be coming out soon. I can talk about everything though, cause it's all on the roadmap. So we're, we've got multiple different user types and Kind of agent accounts and sub-accounts allowing companies to build kind of complex payment flows, like automatic payment of commissions to salespeople or having certain one type of account for somebody that works as a cashier.

And then you'd say you wouldn't say cashier would use a teller at checkout.

So I'm going to check out mine wouldn't have access to withdraw funds, for example. So that's definitely there. So we're building all these things in or another. Another case would be like a marketplace type type website where you have multiple vendors and they sell their things. And then the website takes a commission while we were building things into the platform.

So that, that can all be processed automatically. And then. And then people can choose to transfer the money out individually. Each one of them, wherever they are, they can transfer it out as critique or they can offer amp. But as our off-ramp is through third parties they would offer. Via a local bank.

Okay. If you see what's the mean, and we're even at the moment we have queen of five, but we're speaking to a multitude of other on-ramps and off-ramps players, meaning that people will be able to choose which one works best for where they are. They can get the best deal for them. So know, imagine that, everything just being done, all the money gets sent off everywhere, and then each person just claims their parts of it.

However they choose to claim it. Flowing funds. That's just that's good for the economy as a whole know. That's awesome. That sounds like there's a lot of stuff. A lot of exciting stuff over at FCFA. We're gonna have to check out. Yes, I do. I think you should definitely check it out. Yeah, absolutely.

For any other listeners that want to out there Joe, what is the best way to, to join your guys' community? Would you say for any listeners out there that may want to get involved in any telegram or discord? I would say our Twitter accounts are very active the main ones are FCF pay and the other one is FCF BSC.

If you search for friends, connection, finance, or CF, you'll find it or FCFA hashtag and then we're on telegram. That's where we live on telegram basically. There's that? There's somebody there pretty much 24, 24 7. And I would also say it's a. Try FCF poker. If you have crypto and you like poker, it's the place to go.

We actually have some tournament's going on. We have one this weekend. I might have to check that out myself. I didn't know. That was the part of the gig. That's awesome. Yeah. Yeah. It's fun. Let me know. We'll speak. I'll I'll have to get that. What we have this weekend, or we have a bouncy hunt, so we've put a bouncy on our CEO's head.

So whoever eliminates them, gets an extra prize. And we have a pro poker playing streamer called. Who was in our tournament last week and he's also got a bounty on his head because he, oh, that's awesome. Wow. We're going to be doing some great stuff over there. We're going to do into a project tournament.

So like we're going to do FCF versus Crock-Pot who are one of our partners or she, but you were against. Yeah, they can send in a representative into the lonely people. We'll try to make it says only tokens that we have listed on FCFA. That's another thing, if there are other crypto projects out there, get in touch with us because there's always something we can do to collaborate.

So that could be listing on, by listing a token on FCFA that makes you, that makes your token usable currency that people. Used to buy and sell stuff, all services. Absolutely. Absolutely. It's probably all the time we have today, Joe. Thank you so much for coming on the show, man.

I had a great talk with you. Likewise. Thank you. Thank you. It was a pleasure speaking to another joke. It is for all the listeners out there you heard Joe, you can go follow them on Twitter at FTF pay or FCF BSE. Was it? Yes. Correct. Joe you have a great day, man. Thanks again, to be on the show quickly. I just want to say that this is not financial advice.

I encourage everyone out there to please do your own research before investing in cryptocurrencies, as they are very volatile assets. Did you know nearly all stock price changes of 10% or more result from a single news headline? News headlines have a unique ability to drive stock prices up or down.

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Episode Summary:

In this episode of the Crypto Breakdown, I explain what is happening with Luna and do a Technical Analysis of Bitcoin, Ethereum, and Dogecoin for possible price scenarios.

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

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Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Questions? Ask at joedewitt@benzinga.com and we will answer!

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Episode Summary:

In this episode of the Crypto Breakdown, I compare Solana to Ethereum, talk about their NFT projects as well as their future plans.

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

Crypto Heat Map

Subscribe to our Benzinga Crypto Youtube Channel

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Questions? Ask at joedewitt@benzinga.com and we will answer!

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Episode Summary:

In this episode of the Crypto Breakdown, I talk about some NFT projects that have launched or will be launching in Q2 2022 that are worth keeping an eye on.

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

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Subscribe to our Benzinga Crypto Youtube Channel

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Questions? Ask at joedewitt@benzinga.com and we will answer!

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Episode Summary:

In this episode of the Crypto Breakdown, I do a Technical Analysis of Bitcoin, Ethereum, and Dogecoin for possible price scenarios.

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

Crypto Heat Map

Subscribe to our Benzinga Crypto Youtube Channel

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Questions? Ask at joedewitt@benzinga.com and we will answer!

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Episode Summary:

In this episode of the Crypto Breakdown, I talk with Co-founder and COO of Coinrule.

BZ: What is Coinrule?

O: Coinrule helps investors to build automated trading strategies for cryptocurrencies. So you use an if this then this logic o build strategies through CoinRule, which then run on your exchanges, like Coinbase, Binance and so on.

You can think of it as we give your crypto exchange account superpowers.

BZ: Are you able to actually make your own indicators or do you have a template of ones that you guys have made or a mix of both?

O:It's totally a mix of both. So there are a lot of pre-made templates, which you can use, but you can also add them or you can test them on the demo exchange, so you can just see how they perform. But then also you can use indicators that are already available on the platform. Like moving coverage is relative strength, index, and many others.

And also you can connect to trading view and then run any script on trading view and connected to coin grow, which then will execute your strategy.

BZ:For any listeners out there that may be unaware on like how automated trading may be able to help them with their daily trading experience what are some, benefits of actually trading bonds or any automated crypto trading?

Sure. Think about it this way. First of all, the market doesn't sleep, right? It's 24 7 open. There's no way for us in individual trade there to keep up with that automated trading strategy to protect you, but also catch market opportunities when you are sleeping. You have the other benefit is that even if you are sitting in front of your chart and trading, there's no chance that you'll be able to keep track of, five, six different trend indicators in the same time. Whereas coin rule can easily do that for you.

BZ: Moving over to some future plans does Coinrule plan to ICO or release any sort of utility token in the future?

O: So the short answer is no, because it just doesn't make sense for us. Like we don't want to just like launch in another, useless token for no good reason. What we are doing case we are experimenting with decentralized finance. So we have built a small proof of concept on Solana at the moment. So our users will be able, ready to start testing that.

BZ: Is there a release date for that?

O: it's invite only at the moment.

BZ: Do you guys have any plans moving into any sort of like automated NFT trading platforms where traders can buy and sell and NFTs ?

O: That's a really interesting question because we would, in theory, we would love to do that. It's just much more complex because the way, because of the way, how NFTs are traded on platforms like OpenSea. So at the moment, that's not really an option. But then already today, some NFTs are getting tokenized. So you get basically tradable tokens that represent in NFT. And if those are listed on an exchange, you can trade them through coinrule already.

BZ:Does Coinrule have any sort of a leveraged trading or any sort of strategies for people that want to do any sort of leverage?

Yeah, absolutely.You can already trade through Coinrule on Binance futures in BitMEX. So you can build automated trading strategies for leverage. In fact, one of our absolute top performing templates has been the Heikenashi indicator which is the leverage trading strategy that, that kind of looks at average candle bars.

And it's made over 70% return in the last month or so, which as the market being a bit sketchy, that's been a top performer.

BZ:I want to pick your brain on what you think just generally about decentralized finance.

O: I think in a way, maybe we're thinking about it wrong because the DEFI stuff out there today, the UNISWAPS,etc. Like they will never be used by like normal people. They like, that's just not going to happen. Yeah. Ideally will happen at some point is that, banks and other providers will use them in the backend.

And then, the normal people will have their extremely easy front-end application, but that gives them access to, seven, 8% returns rather than 0.1% returns. That's for me, the best possible world. At the same time we do keep the openness and the permission business of it, which means that still anyone can just go out and hack stuff on.

They can build stuff on it. And if it takes off, you can easily plug and play, integrate the different, protocols and platforms with each other. And those front-end providers will be able to use them to then give more and more. Effectively, it returns in yields to like normal people who just would just want to be able to supplement their income with, some form of passive income.

That's the ideal case to onboard new users. Think about it this way. How many people create YouTube videos versus how many people watch YouTube videos?

BZ: Where do you see the future of NFTs as we're just scratching the surface?

O: We're not quite getting into the actual applications of these non fungible tokens. So do you think it's more, it'll fizzle out or do you actually see a real a real utility here with. So I think we are just scratching the surface in terms of what's actually possible with NFT sets of technology.

So a lot of people think of NFTs as it's like this picture of the ape, and obviously that's like culture is an incredibly useful use case. There'll be so many, things and it will integrate with Instagram and all this stuff. So th that will definitely play a big role.

What's also really interesting for me is NFT technology. So like NFTs that would present a unique identity. And if these that represent your credit score, maybe NFTs that represent your wallet, which then other people can, copy trait. So like you can just create your own, ETF fund through your wallet that then other users follow.

Or through this NFT, like there are many ways and we're just really getting started here, it's so cool. And I think really also with the whole just the entire blockchain ledger and having an actual proof of ownership, I think behind the, in the backend of NFTs, I think that is so important.

Most even traders haven't really grasped the fact of that actual proof of ownership. We haven't had anything like it before that's actually verified on a ledger. There's so many use cases. It's almost endless. Absolutely. Like another analogy I like to use here is like when the internet was really starting to go mainstream in the nineties, not like even the idea of like smartphone.

What's not the thing let's say we're talking, not that far out, that's like 10, 15 years south. But no one would have predicted the iPhone. So imagine what's going to be in like 10, 15 years, what people will be building with this. Yeah, no, I'm excited and it's going to be crazy.

BZ: So how did you get involved with DEFI?

O: I was working in banking until 2016 in the concept of private currencies, macroeconomics. I had written my master's thesis in sovereign debt, private creditors, that sort of thing. So crypto was for me a very natural extension, but I was really busy in banking. I had no time to actually engage with it. I left banking started my first startup and at the same time started really getting into crypto.

And I met my co-founders and my interest just really snowballed from there. And at some point I was so deep in the rabbit hole, like I just started to, live and breathe crypto and here I am.

Guest:

Oleg Giberstein

Co-Founder & COO of Coinrule

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Episode Summary:

In this episode of the Crypto Breakdown, I do a Technical Analysis of Bitcoin, Ethereum, and Dogecoin for possible price scenarios.

ETH 2.0 Merge is just around the corner in Q2 2022. How will this affect ETH price?

According to Ethereum.org The Merge will:

Eventually the current Ethereum Mainnet will "merge" with the beacon chain proof-of-stake system.
This will mark the end of proof-of-work for Ethereum, and the full transition to proof-of-stake.
This is planned to precede the roll out of shard chains.
We formerly referred to this as "the docking."

Exchange-traded funds (ETFs) issuer ProShares has filed a registration statement with the United States Securities and Exchange Commission to list shares of a Short Bitcoin Strategy ETF.

Hosts:

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Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

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Episode Summary:

In this episode of the Crypto Breakdown, I do a Technical Analysis of Bitcoin, Ethereum, and Dogecoin for possible price scenarios.

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

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Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

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This is a replay of the episode that aired on March 4, 2022. Normal programming will resume on Monday.

In this episode of the Crypto Breakdown, I talk about a few tips and tricks to help you buy and sell some NFTs for profit instead of selling them at a loss.

Tip 1: DYOR Do Your Own Research

Make sure to take a look at the development team, see if they've released any other projects that are similar in the past, or if this is their first time around with an NFT, and take a look at what their roadmap is.

A roadmap or a white paper is essentially a document that describes their short to mid to long-term goals.

Tip 2: Stay Away From Discord Links

If you were actively in discord, I would recommend staying away from any messages that you receive about any sort of other Discord communities or any NFT projects. There are a lot of discord bots and a lot of scammers out there trying to get access to your wallets and your funds.

Tip 3: Stay Away From Celebrity NFT Projects

Most NFT projects have the purpose of actually building something on the blockchain or creating a legitimate piece of art.

Absolutely stay away from projects that are created by famous celebrities as they're just really looking for a quick turnaround or a quick profit.

Tip 4: Avoid The Classic Overhold

A lot of people will overhold their position thinking that they can make more in the long-term when in reality they have dismissed the all-time high and they end up holding an NFT for way too long And the value just keeps depleting.

Tip 5: Wait For The Right Time

If you're buying an NFT on a secondary market as a public sale, definitely wait for the Ethereum fees to fall. Ethereum gas fees tend to rise and fall throughout the day.

Hosts:

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Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Questions? Ask at joedewitt@benzinga.com and we will answer!

Unedited Transcript:

Hey everybody happy Friday. My name is Joe Dewitt, and this is the crypto breakdown. Today. I'm going to talk about a few tips and tricks to help you buy and sell some NFTs for profit instead of selling them at a loss. Now, the first thing I'm going to say, which is probably the most important thing in the entire space, no matter how much you hear it, it is really, really important to focus on the fact of doing your own research DYOR

It's probably the most said phrase in the space for reason, and doing your own research is so important because it really helps the investor get an understanding of what project they'll actually be investing in. Make sure to take a look at the development team, see if they've released any other projects that are similar in the past, or if this is their first time around with an NFT and take a look at what their roadmap is.

If you don't know what a roadmap is or a white paper, it is essentially a document that describes their short to mid to long-term goals. And that's really important to kind of get an understanding of where the. Wants to head thinking about this is not all roadmaps and white papers are necessarily legitimate because a lot of them are just used essentially as kind of a buzzword or just filler to kind of show people what they want to see.

But at the same time, it is a good base, um, to kind of give, uh, investors now following the roadmap and the development team. One thing I will say about that is absolutely stay away from projects that are created by famous slow. Um, most of the time, if a celebrity makes an NFT project is going to be a cash grab.

Now, the reason for this being is because most NFT projects have the purpose of actually building something on the blockchain or, uh, essentially creating a legitimate piece of. Now most celebrities that create an NFT project, they're just really looking for a quick turnaround or a quick profit and Ethereum.

And most of the time, this is going to lead to what's called a rug poll, which is essentially the development team, pulling the rug from underneath the investors, leaving them with nothing. So I would definitely recommend to stay away from if any famous celebrities after. Now to actually go in some tips and tricks about the buying and selling process about buying.

What I would say is if you were looking at an NFT that you like to cop, and it is not the men to meaning that you're buying it on a secondary market as a public sale, definitely wait for the Ethereum fees. If you were trading on Ethereum to fall for the day, Ethereum gas fees tend to rise and fall throughout the day.

So finding a period and familiarizing yourself with. Um, Ethereum gas fees will be significantly lower. Can definitely help you save a hundred bucks. Now, it's also important if you're looking to actually flip your NFT and not just hold it for the long-term to develop some sort of goal. Now, this ties back into doing your own research.

Once you look into a project, you'll get a better understanding of how you really feel about it. And if you feel comfortable holding onto it for a few weeks, hoping that price goes. Or if you were willing to just flip it right after mint now, typically when NFT projects mint, and for those of you that don't know what a mint is, that is essentially just minting the NFT on the blockchain.

So if someone comes up with the project and users are able to pay a small fee to actually meant one, essentially creating it. Now these mens are easily the best way to make your money. If you can find a cheaper mins that are popular projects that have a little bit of following probably 20,000 followers on.

Um, there is a good chance. Flipping an after mint will be very profitable. Although the hard part here is the classic Overhold. A lot of people will, Overhold their position thinking that they can make more in the long-term when in reality they have dismissed the all-time high and they end up holding an NFT for way too long.

And the value just keeps depleting that. Going back to you. It is really important to develop your goal. If you have the goal of minting an NFT and flipping it the next day, stick to that goal, no matter how high price climbs, just stick to your goal, stay disciplined because that is ultimately, what's going to make you a better.

And the final thing I will say is stay away from any discord links. If you were actively in discord, um, I would probably recommend to stay away from any messages that you receive about any sort of other discourse communities or any NFT projects. There are a lot of discord bots and a lot of scammers out there trying to get access to your wallets and your funds.

And there's no reason to give them any opportunity to find your own. So just stay away from discord. There are a lot of malicious links and you do not want to authorize any party to access your wallet. That's all the time we have for today. Guys. Thank you so much for tuning in politics. Subscribe to the podcast, which will be in the description below.

Have a great weekend

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This is a replay of the episode that aired on February 16, 2022Episode Summary:

In this episode, I look at what the developers at Messari and talk about their portfolio breakdown as well as their Crypto Theses for 2022.

Questions? Ask at joedewitt@benzinga.com and we will answer!

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

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Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Unedited Transcript:

Hey everybody happy Wednesday. My name is Joe Dewitt, and this is the crypto breakdown today. We're going to be taking a look at the portfolios of some developers and analyst over add Massari is a crypto research and data company based out of New York, which recently released their 20, 22 crypto thesis along with some of their team's holdings.

And I think it would be really beneficial for us to look through and get some information on what the team's portfolios look like as well as their portfolios. We have. On general defy and the future of web three development, which will be very beneficial to see what these people are coming up with.

First off on the Massari team, we have Dustin who currently holds a theorem Salana Rory governance token, and a Rory. Now he talks about his interest in modular ecosystems, Ethereum scaling. And metaverse infrastructures like Ron, but mentions that there are not any viable ones currently out. It doesn't, it's also a fan of decentralized cloud computing, like AKT and other chains.

He's also a fan of on chain cashflows, like superfluid, which leads to under collateralized lending. So essentially what he's saying here is that he's a fan of yield farming, which would be the simple cash flows as well as his decentralized cloud computing. Now cloud services throughout the future of defy are going to be very important as well as these metaverse infrastructures.

Like Ron. Now another team member. His biggest winner is AXS, which was actually infinity shards with his return of 23,000. He holds AXS Bitcoin, Ethereum ruin Rory governance, token maker, any and MLN. Now Aiden claimed that he likes revenue generating protocols like defy 1.0 Renaissance. He's very bearish on monolithic smart contract platforms and takes Ron over SLP, which Ron.

The on chain token for the Ronan side chain and SLP is smooth love potion for the end game token of accede infinity. He claims that he had to bet against sky Mabus, which is the company that developed both of those tokens, as well as the game action infinity, because he had to see the SLP enduring it's run as adjusted because it was reaching an all time.

Now we have Jerry who holds Bitcoin, Ethereum Salono and cake. Now Jerry commons, that the re-emergence of Ethereum post-merger and shift back to the alternative , which means layer one's staking protocols and trade via integration with DFI will bring organic adoption back to the defy in 2022, as well as web three infrastructure gateway.

And metaphors infrastructure. So essentially he's looking for dominance to get back into a theorem and move away towards those alternative layer ones, as well as his staking protocols, which staking protocols have been immensely popular over the last few months due to the high yield percentage. And finally, we're taking a look at Wilson who is an analyst over at Massari, who holds hint of theorem, Adam dot ACA and Solano Luna, and apex.

He mentioned modular layer ones and enabling customer. Execution layers with salons being the most viable hedge, multi chain, infrastructure, and tooling, as well as the option to liquidity stake. And he also mentions a few interesting names like the tech iterations from Zika rollout and UX of crypto economies, stark ware, and Zika sink.

And these are all projects. Unlock new types of crypto enabling applications. So essentially a quick breakdown of these analysts thoughts. So modular ecosystems is been a very popular one amongst all these developers and analysts, which essentially just means a dynamic ecosystem for working in scaling as well as the Ethereum scaling solutions was popular amongst all of them and layer one layer.

One for those of you that don't know is just a first layer of a blockchain. So it hosts. Decentralized applications now, amongst all these descriptions, all of them talked about the future of layer ones, as well as many mentioning their liquidity protocols, which would be yield farming or staking, which is actually staking your tokens and earning a percentage on the tokens that you have state as well as just the general belief.

The defy community and projects as a whole. And I hope you guys found that insightful just to see a little bit of their crypto investments, as well as some of their thoughts and ideas on the future of defy and that's all the time we have for today, guys. Thank you so much for tuning in. You can follow it, subscribe to the podcast.

Which will all be in the description below. Have a great day

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Episode Summary:

In this episode of the Crypto Breakdown, I talk about how much money you would have now if you invested your pandemic stimulus checks into Bitcoin, Ethereum, Dogecoin, and Luna.

Stimulus Checks:

April of 2020 $1,200

March of 2021 $1,200

Bitcoin

On April 11th, Bitcoin was roughly at $6,800. Now, if you were to buy $1,200 of Bitcoin at the time being, you would have 0.17 Bitcoin equating to $1,664.

If you were to spend your second stimulus check on March 2nd, 2021 on Bitcoin as well, you would have a 0.02 Bitcoin, considering that Bitcoin climb to at $57,000, and that would be worth $5784. So together, if you invested both of your stimulus checks in 2020 and 2021 into Bitcoin, you would have $7,448.

Ethereum

If you were to buy $1,200 worth of Ethereum in April 2020, you would have 6.4 ETH equating to $16,968.

Now your second purchase on March 12th, 2021 would be much less considering that a theorem climb to $1,800.

So you would only have 0.66 ETH which would equate to $1,744. Considering that Ethereum is at $2,616 now, the total amount of Ethereum you would've made, if you invested both of your stimulus checks in Ethereum would be $18,712.

Dogecoin

Over to dogecoin, which was at $0 back in 2020 and a $1,200 check would get you a 600,000 dogecoin, which now prices at $0.11, so you would now have at $66,000 worth of dogecoin now.

Dogecoin more than doubled to $0.005 and at 2021, with $1200 you would have 240,000 dogecoin. Equating to $92,000 for investing in dogecoin in 2020 and 2021 with your stimulus checks.

Luna

Luna on April 11th, 2020 was $0.19 cents. So with $1200 you would get 6,465 Luna, which now with Luna sitting at roughly $95 equates to $613,000.

That is roughly a 50000% change.

On March 12th, 2021, if you invested $1,200 at $14 per Luna. You'd be able to obtain 98 coins leaving you with $9,800. So in total, Your Luna would equate to $622,000.

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Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Questions? Ask at joedewitt@benzinga.com and we will answer!

Hey everybody happy Friday. My name is Joe Dewitt, and this is the crypto breakdown today. I'm going to discuss how much money you would have made if you would have invested your stimulus checks into Bitcoin, Ethereum, doge coin, or Luna. So Americans received a few different rounds of stimulus payments.

The first being back in April of 2020 was a $1,200 stimulus check and the most recent one being March of 2021, which was another 1200 payment. So we're going to take a look at both of them. Now on April 11th, Bitcoin was roughly at $6,800. Now, if you were to buy $1,200 of Bitcoin at the time being, you would have 0.17 Bitcoin equating to $1,664.

Now, if you were to spend your second stimulus check on March 2nd, 2021 on a Bitcoin as well, you would have a 0.02 Bitcoin, considering that Bitcoin climb to at $57,000, and that would be worth seven. $84. So together, if you invested both of your stimulus checks in 2020 and 2021 into Bitcoin, you would have $7,448.

Not too bad, very solid returns. Now we're taking a look at a theorem, which was at $185 in April, 2018. If you were to buy $1,200 worth of Ethereum, you would have at 6.4 eith equating to $16,968. Now your second purchase on March 12th, 2021 would be much less considering that a theorem climb to $1,800.

So you would only have 0.6, six Eve, which would equate to $1,744. Now, considering that Ethereum is at $2,616. So the total amount of Ethereum you would've made, if you. Both of your stimulus checks would be $18,712. Now we'll kick it up a notch over to doge coin, which was at 0 cents. Back in 2020, and a $1,200 to me was check would get you a 600,000 dose, which now prices sitting at 11 cents.

So you would now have at $66,000 worth of doge coin now. More than doubled to 0.005 and a 2021. So you would have 240,000 doge coin. If you invested then together equating $92,000 for investing in doge coin in 2020 and 2021. Now this final one gets a little crazy taking a look at Luna at the time being an April 11th, 2020 was 19 cents.

So at 1200. Stimulus would get you 6,465 Luna, which now Luna sitting at roughly $95 equates to $613,000. That is roughly a 50000% change, which is absolutely ridiculous. Now looking at March 12th, 2021, we invested $1,200 price did grow to $14 per Luna. Although you'd be able to obtain 98 coins leaving you with $9,800.

So in total, Your Luna would equate to $622,000. If you invest at both of your stimulus checks and to Luna now, that is absolutely ridiculous. Now don't feel too bad if you missed out on these opportunities. These are literally one in a lifetime opportunities and very few people get to see them through that's all the time we have for today.

Guys. Thank you so much for tuning. You can follow up, subscribe to the podcast, which will all be in description below. Have a great weekend

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Episode Summary:

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

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Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Questions? Ask at joedewitt@benzinga.com and we will answer!

Unedited Transcript:

Hey everybody happy Thursday. My name is Joe Dewitt, and this is the crypto breakdown today. We're going to do some technical analysis on Bitcoin, Ethereum and doge coin. Starting off as usual with Bitcoin prices down 7% today. And the charts are not looking great yesterday. We had a beautiful green candlestick that looks like we were getting some upwards momentum out of this little situation.

We're at here as prices sitting at 38,000 until today's candlestick opened and absolutely plummeted. All the way down to where the previous candlestick opened. Now, this is really shows how much hesitation is actually in the market and such huge selling pressure after a green day. That is definitely not a good sign though.

I am not too bullish on Bitcoin for the long-term with all this hesitation and the market and bears still, I'm making an effort to push down. This could be at the start of a bear market on the upside. We just need to hold this 35,000 zone, which we aren't too far away from sitting at 38 to 39,000. Now there's 35,000 zone is a crucial level of support we've battled before.

And if Bitcoin price falls below that, then I think it's definitely going to be revisiting 30 K down to 28. And that will not be the greatest sign for long-term trend. But for the short term, I would think that we're going to have a retest back down at 37. 37,000 is where we've had our most recent support level.

Now looking over at a theorem, Ethereum is down 5% today and the chart also does not look too great. We're forming a similar situation as with Bitcoin yesterday had a great green candle stick and today a huge red candle stick just about the same size, meaning that bears are still in control on. There's a lot of selling pressure coming in.

Not enough buying pressure volume is starting to fall out as we're getting a little bit less volume. It does seem like this could be the start of a reversal price is below the 25 day moving average. Now the good thing about Ethereum is that price is actually both. The candlesticks are actually touching that 25 day moving average, meaning that it is getting close to touching that resistance.

Although what I don't like is that price has currently fallen below this at 2,600 support. And that zone would put us at 2,600 to 1700. So ideally we want to get right back out of there and get a little bit of buying pressure from the bulls and hold this 2,600 support would be crucial for Ethereum.

If bowls can hold this 2,600 level of support, we will most likely consolidate for a few weeks and then we could get some momentum in the upwards direction. Otherwise if price continues to fall down towards the 1700, and as I mentioned with Bitcoin, this could be the start of a bear market. Price is struggling to continue to climb.

Does look like we reached our stalling point and that price is not necessarily going to get much higher unless we have some sort of drastic buying pressure. Now taking a look at dos coin, doge coin is four and a half percent down today. And out of the three charts doge coin, it definitely looks the worst.

Now it may be because it lacks one, a mental. And also just purely based on the chart, it is moving farther away from the 25 day moving average price is not close to any support levels. The most recent support here we have is it about 8 cents or eight, seven, if you want to be specific and prices sitting at 11 cents.

So we're in a crucial zone here. Best case for doge coin would be to push up towards its 25 day moving average sitting at. 14 cents. Now, if those can get some buying pressure in that direction, that would be fantastic. And getting over 15 cents would put doge coin back into its cycle and the direction we're heading now.

Those coin does not look like it is ready for a reversal. And the concerning part is volume is continuing to decrease while the red days, the actual bearish candle sticks are actually a lot larger than the green. So that selling pressure from bears is actually a little bit concerning. So we're looking for this reversal here at the 25 day moving average at about 13 cents.

If we want to have any sort of bullish sentiment there, otherwise I would not be too happy holding doge and that's all the time we have for today, guys. Thank you so much for tuning in. You can follow, subscribe to the podcast, which will all be in description below. Have a great day

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This is a replay of the episode that aired on Feb 14, 2022. Our host Joe Dewitt has lost his voice due to intense partying last night and will be back with us to evaluate crypto news and headlines again tomorrow. Stay tuned!Episode Summary:

I talk about the common NFT scams you should watch out for. I explain what malicious NFT drops are and what an NFT Rug pull means how you can avoid them. I describe what a fake NFT marketplace looks like and how to spot it.

Questions? Ask at joedewitt@benzinga.com and we will answer!

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

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Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Unedited Transcript:

Hey, everybody happy Monday. Hope you had a wonderful weekend. My name is Joe Dewitt and this is the crypto breakdown. So previously we took a look at some scams in crypto. And today we are going to take a look at some scams and NFTs. So the first one would be fake NFT stores. Now these are essentially stores with a very similar URL address with maybe one slight.

And it actually looks exactly like the marketplace or does a replica of a certain marketplace. And what they do is they actually try and connect to your wallet. And the second that you connect your wallet to that third party, your wallet is then compromised. This has been a very popular way to gain access to individuals, crypto wallets.

So it definitely be cautious when you're on a marketplace to make sure that it is actually the marketplace you intend to use another really popular NFT scam, um, would be counterfeit NFTs or artists, and personally. Now, ideally the great thing about NFTs is that this should be, um, verifiable. You should be able to go through and look at the blockchain and say, okay, this artist or this company, or this project, didn't actually make this NFT, but for a lot of people that are new in the space and new coming in 10 FTEs, it's really hard to make that distinguish.

So they end up getting left with counterfeit and FTS or NFTs, essentially with Nova. Because they were actually not done by any sort of well-known artists. So this goes without saying, but when you were looking at an NFT project or hoping to purchase an NFT, it is definitely important to look through each scan or soul scan or whatever, um, blockchain you were using.

Make sure to check the smart contract and make sure that you actually know what you were purchasing. This will really help you get an understanding of what you actually trying to purchase, and we'll help you stay away from counterfeits. Now, another very popular scam in the NFT community would be NFT airdrops.

And essentially what they do is airdrop you malicious NFTs, hoping that you will interact with these contracts. Maybe send them to a different wallet, try and sell them on the marketplace. And by interacting with these smart contracts, you essentially are compromising your. Now there are some very wholesome airdrops out there.

And, um, communities of NFTs that are just looking to, um, share NFTs and airdrop them to people to increase, demand and increase popularity. It is definitely important to consider the fact that there are malicious NFTs out there. That will be airdropped with the intent to hack your wall. Definitely. If you see an NFT in your wallet, that you have no clue how it got there best to not interact with it, or do some research before interacting with that smart contract.

Now for the most popular scam in the NFT community, which has known as the rug, you may have heard the rug previously, essentially. Pulling out the rug from underneath investors, which in a literal sense is when it developers bring the project down to zero, whether it is by announcement or it is actually pulling the JPEG off of the blockchain because NFC is have to be updated.

They have to be maintained on the blockchain. If a developer decides to pull their JPEG, they're essentially leaving the NFT worthless with no visual appeal, essentially rugging investors and bringing the collection down to zero because it is now worth nothing. There have been many projects. In the past, essentially, all that means is someone created a project with the hopes to make exponential growth and then just scam investors with no intent to make an actual real collection.

Now, this is the most important crypto scam because it is the hardest to see coming. It is really hard to determine if something is going to be a rug. And most of the times when they are, it is projects that you. I think of, so the only way to go around this would be to just really put some effort into doing some research before you purchase it on Ft, making sure that the developers are well-known.

And if they're not, if they're anonymous developers make sure that their white paper or their roadmap or whatever, they're using shows some sort of dedication to the community. Cause that will really go a long way. And if you can tell a developer is in it for the community and to give back to investors, then ideally it should be.

Wholesome NFT collection. That's all the time we have for today, guys. Thank you so much for tuning in. You can follow it, subscribe to the podcast, which will all be in the description below. Have a great d

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Episode Summary:

President Joe Biden is set to sign an executive order this week that will outline the U.S. government’s strategy for cryptocurrencies. In Today's episode, I go through what is in the executive order and how it will change things in the crypto world.

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

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Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Questions? Ask at joedewitt@benzinga.com and we will answer!

Unedited Transcript:

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Episode Summary:

In this episode of the Crypto Breakdown, I do a technical analysis for Bitcoin, Ethereum and Dogecoin.

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

Crypto Heat Map

Subscribe to our Benzinga Crypto Youtube Channel

Subscribe to Moon or Bust Podcast

Past Episodes of Daily Crypto

Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.

Questions? Ask at joedewitt@benzinga.com and we will answer!

Unedited Transcript:

Support this podcast at — https://redcircle.com/crypto-daily/donations

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View Details

Episode Summary:

In this episode of the Crypto Breakdown, I talk about a few tips and tricks to help you buy and sell some NFTs for profit instead of selling them at a loss.

Tip 1: DYOR Do Your Own Research

Make sure to take a look at the development team, see if they've released any other projects that are similar in the past, or if this is their first time around with an NFT, and take a look at what their roadmap is.

A roadmap or a white paper is essentially a document that describes their short to mid to long-term goals.

Tip 2: Stay Away From Discord Links

If you were actively in discord, I would recommend staying away from any messages that you receive about any sort of other Discord communities or any NFT projects. There are a lot of discord bots and a lot of scammers out there trying to get access to your wallets and your funds.

Tip 3: Stay Away From Celebrity NFT Projects