I think it's friends who do that it follows all these rules of the United States government but at the same time there's a darker side of that happen if one day the United States government says well that guy's a criminal I'm taking his Bitcoin and it's all at corn base what a base we'll give you your your Bitcoin now so it wasn't really your Bitcoin was it but if you control your Bitcoin on your tresor and the united states government says you're a criminal one day they can't take it from they cannot take it from you but when it's on a third party it's very very easy for them to take it from you especially one like coinbase which totally obeys then and they and that's what you signed up for with come join base it's that coin basis fall it's not it's your personal responsibility there but I mean it's a risk there there's also I'm telling you not to take that risk and get it off of coinbase in all those third parties also when you're hurt where this is you know I've got all sorts of little little tips here when you're watching some of our videos they'll be advertisements on YouTube before our videos we do not endorse those advertisers I don't know the advertisements that YouTube puts up before my videos they just put up advertise do not listen do not listen to those advertisements do some of those advertisers could be scams okay seriously there was the bit connect some people we'd like a big connect is doing advertisers before your video and that was like a straight up well it it was a straight up it ended up being epoxy so when even if you hear legitimate like eat or eat or oh does a lot of advertisement sign any one vent you know don't that doesn't mean they're kosher people if they're before and if there before your favorite content producers video so so be very careful with people that are pushing themselves out there in the advertising realm and again I I I tell people to stay away from the words trading and mind if don't try to be a trader or a miner it really complicates things a lot alright another reason you don't want to be a trader and a way to lose Bitcoin it's it's today is that last thing to pay your taxes States if you were a traitor and you were buying and selling let's say on coinbase like many times over you bought your soul ID you bought your soul those are all recorded and again it's not coin basis bought it's not your exchanges fault that's what you signed up for they're reporting it to the IRS so there are a lot of people who have it's really complex to do your taxes that way hey does you have all these little transactions you have to report if you're just holding you wouldn't have to worry about that but not only that some people make huge profits and there's all sorts of complexities to it so in order to pay their taxes and to sell their Bitcoin now we're sad it starts up the whole process again so next year they have to report that on their taxes that they made a certain profit or a loss and everything so again a reason you don't want to get into the trading game is because eventually you're gonna have to pay taxes on it and you might have to SAP lose even more Bitcoin to pay those taxes and so that's not a good that's not a cycle to get into I mentioned all coins before I I mentioned not to invest in your friends projects lending people asked me what lending platform is the best lending platform out there I want to get a return on my Bitcoin I want to you know give it to this lending platform and then they're going to give me interest on my Bitcoin no don't do that what's stopping the lending platform from going out of business and just stealing all your Bitcoin I mean again that's you know for and for a 1% return and then usually the reply I'll get is well for Bitcoin to be in real currency you're gonna be able to have to lend it out and have interest rates on it okay don't worry about that in the future for now these are third is giving your Bitcoin to a third party that's all it is it's just a fancy way of saying that and hoping and give it back to you with a return so avoid avoid that I said avoid icos private key and passphrase compromise okay then I've talked about crypto dividends before a lot of you have heard about all of these Forks from Bitcoin every we come out some of them you're like well how do I even get this beat Bitcoin diamond let's call it be diamond how do I even get this and it's not easy but don't be tempted just because there's no easy way to get it if someone pops up and say hey I have an easy way to get your a bead diamond now never give your passphrase to them never give your private key to them never give them personal information that's most likely more than likely it is a scam hold on to that thing for dear life that's that's the easiest way because your Bitcoin when you mistakenly think you've stumbled upon a site that's gonna give you that free crypto dividend that's gonna split that free crip their dividend for you if you just enter in your treasure recovery you see that's do not do it ask someone first make sure other just don't do it at all just do not do it you just being paranoid in this space is it is a good thing just being taking your time is a very good thing it benefits you in the long term okay we talked about story don't store any coins anywhere unless you control your private key here's another one let's say you do have a coin base account okay or any type of cryptocurrency even if you have a trading account out there and you get an email from that third party that you're affiliated with you're you already have an account with that third party and it says hey we've done some updates here click on this link so you can come to our site and you know check out the terms of conditions have changed don't click on that link and you're like why did the company just emailed it to me they just email it might not be that company I get fake coin based emails all the time all the time they there are people out there it just send out millions and millions of fake coin based emails to anyone and they know they're gonna stumble upon someone has a coin base account eventually and you click on it you enter some you might maybe they say hey you know enter your password to get into coinbase take to log in now to get did the new update and you'll do it they'd also may go in the coin they start buying and selling and it's horrible what can happen and so and then you're gonna say well heaven if it is a real coinbase email how do I get a real email for quantity should I click on it no no you shouldn't again better safe than sorry the information that they're telling you to click on if you just log in the regular way you usually log in you're gonna get there eventually so I don't click on any link see any root in any crypto currency related email same thing with Twitter accounts out there don't don't click on any Twitter links from trusted sources from your friends even because they might have gotten hacked or they might have got fooled into sharing a fake like a fake charlie lead tweet or someone that you think is reliable be very be very careful with this diff so many you might have a favorite Twitter personality right now there are so many scams out there involving Twitter and social media people imitating your favorite personality just to trick you into giving away your private login or private key information and again when we're talking about Twitter and when we're talking about the troll boxes boxes on exchanges there's some really lowlife type of people to hang out at these places and they do a certain type of gratification that I cannot understand by spreading fear uncertainty and doubt they will just scream over and over then bitcoins going down to 5,000 bitcoins going down to 4,000 somehow sell now and if they do it long enough and if you see it often enough it's gonna bring you down you got to be able to avoid these type of people if you see someone that you identify as a troll that's it block them get out of there spear of influence okay and sometimes people can be legitimate at first and then they can just totally troll on you so try to you know I'm not saying you know there's many sides to every story well you guys can tell a positive person from a negative person avoid the negativity out there because for some reason just like a lot of negative people out there and some of them are straight-up crazy people that are just stick jollies out of it and they really are they love social media how they that's how they get their social contact they don't they don't come out to real they would never say it to your face they would never try to find you to your face but again for those that you don't know fear uncertainty and death that's a term you're gonna hear a lot and something that you should be familiar with if you are in the cryptocurrency space and it's not as you know there's gonna be all these one of the traders out there – they're gonna try to tempt you into trading and they're gonna say well you see I I sold it twenty thousand and I bought back at five thousand it's so easy to do you just sell high buy low and I did it well most likely those people are like okay they're talking a big game now that the prices going down it is not that easy and so don't just because the guy is talking a big game about what a great trader he is on the Internet where you will never meet him you might not even be a guy for all you know he's probably not that the picture that you see there don't believe it's not that easy and again that guy's not paid does he talk about the taxes he paid he didn't pay taxes was really didn't happen but maybe if you did have these probably not even paying taxes on it should be real careful about that and remember we all do make mistakes so we're learn from your mistakes just don't rely on others but if you do make a mistake where you sent your bitcoin to a bean cache address then okay get back off from me don't abandon Bitcoin don't don't say oh it's not for me this personal responsibility coin it's not I want to go back to the banks I want to be part of the herd and just live my regular life and get my big-screen TV no don't let a bit bad things happen in cryptocurrency everybody gets scammed I mean a lot of people get stands don't let it turn you off – cryptocurrency it is the wild ball of West right now so if you that's another way to lose your Bitcoin well you're like oh well I made a mistake I'm out of this game I'm selling out now cashing out you're gonna regret it in the long run this is a just such an exciting it's a it's always exciting for me I mean but uh you just got to think about the bigger picture this is just a total change in the way we see money and if you ever get down remember that or if you ever get down watch my channel people say it really reassures them a lot and stuff in when when the price is going down all right avoid buzzwords there's so many people out there I'd like to throw around these smart contract you know Joey get by my crypto currencies a smart contract type of cryptocurrency there's all sorts of other words that are complex if you do not fully understand what buzzwords are talking about and by the way sometimes they don't even understand the buzzwords they're using and they're just totally making them up just avoid those people keep it simple let me tell you let me tell you a word that I like to use uncomplicated well well they can't take your Bitcoin away from you that's really all you got to remember there you don't have to worry about these magical altcoins that are gonna be able to solve every aspect of your life that are gonna be able to I don't know turn your car into a house magically and then they'll do a rocket ship I mean the things you hear you know they're gonna all be able to do one day just don't get caught up into that madness of these fancy pods words I mean when I was in South Africa at the cryptocurrency I can't conference I mean at times people are just talking smart contract this smart contract dad I'm like do you really need smart contracts right now I mean why can't we just like talk about store of value and how you know the bank Belen's aren't in Bitcoin I mean that that's best for me is the basic type of thing so don't get tempted away from Bitcoin by some of this big talk out there speaking about Africa Africa is like like so in the cryptocurrency space everyone was like Africa's the future there's so much potential in Africa and I agree but how about if you meet someone it's like hey dude Africa's the future I need five Bitcoin we're gonna start this awesome project in Africa of all places you know it's the future it's gonna be huge pain we're gonna start the first Bitcoin exchange in Somalia it is it's gonna be a moneymaker you got it again don't get tempted by these future trends that are not even close to happening yet again you're giving away your Bitcoin to something that seems like you're gonna be the freakin hero you're gonna be able to virtue signal all your friends that you see in Africa or whatever no don't fall for those things people do Hut I know it sounds glamorous and awesome and you're gonna be famous strive not to be framed famous in Bitcoin strive to be your boring grandmother with a savings account and in the long run you'll be happier you will be I mean it's a bitcoin is a newfangled uh newfangled savings account uh I'm sure my grandma would love to get into it if she understood it you know thank thank god you're able to understand this whole miss level alright what else do we have we talked about the fake Twitter accounts never get fooled by that stuff here and never hurts to uh if you do have a tresor already you'd get another one have multiple storage devices just in case something catastrophic happened to your tresor and your recovery seed yeah you know you had some Bitcoin on another device at the same time sometimes just to have a backup Tresor if you if something went wrong with your Tresor and you have your recovery seed you could always put that recovery seed on another Tresor and just start all over so why not have that backup already so I think that's about all you should pound that like button if you're a blessing my video right now if this is on video now on that like button think long-term I'm and have a strong hand I think I explain what having a strong hand is there's a lot of temptation out there don't don't get tempted in the down times to sell and the the down times are the time so you have to prove that you're here here for the long run there's lots of opportunity now always be in motion reach out to the trusted personalities they're always very willing to talk so yeah that's about it I will answer all of your questions of sure about anything it doesn't have to be about how to hold on to your Bitcoin yes you do have to and say that Bitcoin on each one if you use one when you try to use that recovery to do that on to a tray so if it already has something or a blank blank there's actually other laudable to get it you can actually use that recovery seat on some other other ways there are other ways you're good at reservoir treszura dot IO there frequently asked questions can explain you how to take your recovery seed and recover your bighorn like on a completely different on the computer if you want to do that too but I wouldn't recommend doing that but the treasure back a frequently asked questions that is a good that's they answer a lot of questions on that one of the questions I get asked about Tresor is well how about if it goes out of business I mean what happens then yeah again there there are third parties out there then you'll be able to continue everything out but that is a frequently that's something I get asked and they actually answer it as they're frequently asked questions section he was first back there have you moved here bitcoins to say what addresses great question so obviously I had a bit of Bitcoin before the segment change happen now when when when it happened it was actually expensive to move it them the man pool was filled up so I did not move it at that time now remember I travel around the world so I don't I don't take my treasure with me because I had a TSA experience once I could give a whole speech about that but I did have my treasure with me not a good idea and but anyway I didn't move it I did not move our you have segment addresses I moved a some but not all now again if you're a long-term holder what you're your legacy address it's gonna work still it's not a it's not a problem but if you're a person does move their Bitcoin every once in a while yeah moving it to a Segway address is gonna ensure that if you want to move it in the future to another segment address that the transaction is definitely cheap so I have not moved all of mine yet for those reasons I'm not around my trends or very often but and it was expensive when it was when that option first came out there but uh yeah you could do it you should do it a lot of people encourage it I I'm not rushing myself to do it you doing this do you not know that you do I like Leger Nano all right so that's my second favorite now this is now I'm gonna give you an honest answer about this so again I encounter a lot of people who use both and there's two other there's um what are the other ones called uh did yet the digital bit box which I think and then keep keep ki I don't like that because the got one of the guys involved with that was involved with promoting be cash I would say so I said to throat I said the boycott voorhees Erik Voorhees and shape-shift you don't have to do that you don't have to be as hardcore as me or he was behind to it he supported to X also some of you don't even what I'm talking about but okay let's do so it's it's generally accepted though that traceur and Leger nano are the best but I have had people and recently there was a problem with legend anime they didn't there was a problem with actually storing your beat cache on there that freaks some people out it look like they didn't have as much beat – as they should and even though I'm not a big I'm not a be cache fan I had D cache because I got it for free and I would have had like a heart attack if I seemed like oh my god I don't have any big cash what the heck happened here so treszura has been known to add ruin treszura's had issues they immediately addressed they send out a press release it's taking care of it wasn't even a big problem the other problem I've heard is I've had clients of mine people I've been associated with because I do crypto consultations and I help people set up a trace or they've had some complexities with their ledger nanos just scary incidences that I haven't heard about what reservoir so that makes me favor the trans war over the ledger nagging now I'm not saying anybody lost anything on their ledger nan-oh I would never spread rumors like that but there might have been some scary moments a few people had that would have freaked the living on anything out of me with the ledger nano that I had not heard about with the treasurer so that's my that's my that's an opinion that's from my experience I'm not saying ledger nanos a bad product but I I for the Trafford the Tresor and again I'm associated with a guy crypto HW wallet calm he's like a third party seller of these devices he's totally trustworthy do and so he sells ledger nanos and stuff and so I've had an affiliate code with him so I'm sure I've benefitted from people buying ledger nano I do have it affiliate code
