So... turns out this timing was INSANE as the crypto market plummets from the top of the bubble... A good reminder to be smart with your money... I for one will probably buy low here, but remember:🤔 Don't panic buy, watch the fees, don't follow hype-men, and don't invest in things you don't understand. Let me know if you want more crypto interviews!
Mtf bull divs forming, beras got their work cut out of em, and of course coinbase goes down at the perfect time again. Now where did I leave my tinfoil hat...
I think I bought a shitcoin because of this guy and lost 700 Euros. But I don´t fault him for it. It is still my responsibility. I respect that he owns up to all this in this video. He seems like a good guy
Nah crypto is not a mistake the mistake ppl make begins with a lack of understanding diversification or throwing all their eggs in one basket. The total amount of money Ive invested in crypto is less than 1k and im holding till it hits my target price if it goes down i hold and if i lose it all im ok with that. That is the difference between someone that is responsible and someone that should not invest in the stock market. You do not invest if you would sell at a loss because if your willing to sell at a lose than your not using extra money your using money you need.if you ask yourself under what circumstances would sell and your response is at a certain pt than you cant invest because you need that money for bills or sumtin.
I commend him for walking away. This biggest take away I hope for most people is to realize people can start a TH-cam channel, twitter, FB, IG or TikTok account as an expert in an industry they know very little about. It seems that he wasn't even aware of the implications of his advice or market stability.
I have a dr. phil. (German version of a Ph.D.) in linguistics. My channel is about hanging out in México because the workload of writing an empirical dissertation was so insane that it killed all the joy for me, even though I did finish it successfully. 3:22
Here’s a tip. People who tell you to buy longs and leverage trade, especially shills who tell you to look out for shitcoins, get out immediately. Chances are, they are pumps or paid to market the coin.
@Sachin 😂 I know, thought it was a pretty hilarious thing to do. You earned it though, keep up that #hustle ✊🏼 Edit : waaiiiit? You were too busy to write a specific message but you had the time to watch the video? Lol scam.
@Astrogeek bro, You wanna find out what happens to you when you give financial advice over social media? You will have every law enforcement agency knocking your door down in no time and you will be doing some time with serious federal charges. Don’t act stupid man...
Im a utilities dividend guy, but the last couple of years teached me we shouldnt be afraid of momentum stocks. Bitcoin and tesla should have a space in our portfolio (its about 2% in mine, rebalanced), the rest its mostly telecoms and electric and gas utilities
I remember this guy, I was making crypto videos back in the day trying to tell people Bitconnect was a scam. Lots of money lost in 2018. This guy was no where near as bad as Suppoman or Trevon James.
Enlightening interview. Really interesting. I was a regular viewer of In it for the Money and one of the main draws to me, apart for the 'hot alts' was Asger's integrity. Obviously this interview shows that it was at sometimes strained, there's life & its tests, but his integrity shone through in the end, and still does.
This was sobering. I was kind of feeling this lately with some of the content creators out there. This video solidifies my hunch. Thumbs up to Asger for coming clean.
In Korea, 2 people tried to kidnap a crypto TH-camr. Because the TH-camr gathered money together to invest in ICOs together with the viewers and apparently they lost tons of money.
I have no money in crypto but have just followed it as a fascinating human behavioural phenomenon. It’s mostly a dark and miserable reflection on our civilisation, that plays into our instincts and greed, and our innate ability to delude ourselves and to tell ourselves a twisted narrative. I have just watched this interview, and I have to say that it was incredibly refreshing to watch and has given me a tiny bit of faith in humanity. ❤️
The rise of social media, too, has given steam to so many bad ideas-MLMs, crypto, etc. Humans have a dumb need to put their brains on autopilot so they can follow the heard.
By your comment i can see that you understand nothing about crypto. Yes many people have no idea what they're doing or saying but crypto is by no means a sham or something bad... Also you don't have to lose your money if you actually know what you're doing...
Asger Folman "I'm in it for the money", seemed very rational and well thought out. He was one of my favorite Crypto youtubers during the 2017 hype. I lost a lot because of his advice, but it was all good, because I only used money that I could afford to lose, and I also did very well at the time on other coins.
@@annajones9701 Yup. He says that in the video. I believe he’s still a bit of a scammer right now, but ran into some potential consequences that shook him straight.
I use to listen to he and his wife (?) He was 2017 not 2016~ and yes, those hype channels still exist and I really try to NOT do that. I found your session with him was useful for everyone.
They loved him when they were all winning, sent death threats to him when it didn't go their way and then completely disowned him when he told them the truth. Classic Human Psychology.
yea this is guy is a bit sleazy, he's definitely no saint, but at least I get the sense that he was a normal dude pursuing an interest of his and he just got too greedy. He isn't a deluded psycho. He's also pretty upfront about it all. It's not like he can give refunds to those who lost money, and if his fans want to play his risky games thats a joint responsibility.
I saw this happening 30 years ago with a defunct investment company that always recommended stocks that they just so happened to "make a market " in. In other words , they owned huge blocks of stocks that they were recommending to their clients.
I used to work for a bank during the crypto hype of the late 2010’s. With regard to the talking point of people maxing credit cards to buy in is legit. The bank I worked for had to change their TOS and policies to not allow crypto purchases on credit. It made some people upset, but it was saving some people. Cash or debit purchases were still allowed, just not credit.
If you watched the video, or read the description, you would know without a doubt that his channel was in it for the money. God damn it. Your lack of observation is concerning.
@@AlgoTradingCenter he is not the real coffeezilla check out his channel ... dude has 0 subscriber.. he is impersonating Steven.. youtube should do something about this
i think it says alot about the crypto craze. Ppl would see a youtuber who they didn't regularly follow post about a coin and buy it bc of fomo. I can totally believe he was like "that can't be bc of me my channel is so tiny!"
@@ibra1616 No questions. His scam coin is now worth 50b. 70% of which he pump his own money in. His goal is to beat btc. He will raise another 700bn of his own money. Then rugpull at 1trillion making him the worlds first crypto trilionaire
What a great Crypto interview. I really like the new pivot in Style of your videos. I never knew how subtle crypto could be until watching this interview. It really made me empathize with the interviewee and his existential crisis between wanting to speak the truth and maintaining an audience.
@Marcus Apedradus his channel focuses on scams. obviously it's all he's gonna cover... also, technical analysis is irrelevant for successful investing, *especially* crypto
You're misunderstanding what money is. Money, every money, is a *belief* system. Money is valuable because people *BELIEVE* it is. This is not unique to Crypto, this applies to *ALL* money.
The difference is that we have gold as a back up for every Day money for case something might go wrong, since this wil always be rare. . Crypto doesnt have that.
@@1qstudios I don't understand. Crypto, bitcoin for example, is limited and has scarcity. Paper money is printed all the time AND the gold standard is an old tale, not existent anymore. So can you please explain?
I think something Asger says is really significant - that even people who convince themselves that they're not the bad guys... are still inevitably going to be causing all the same harm as the bad guys. I personally believe that there's no morally neutral way to get rich from financial speculation - because ultimately, you cannot profit from it without someone, somewhere, losing out as a result. And I don't think you can advise people to do it without being complicit in that. It's not just down to the ethics of whether you're getting paid to pump stock, or whether you're just giving your unbiased opinion... the problem is still that one number can't go up without another number going down.
I started trading/investing in 2020 and recognized how many snakes there are *real* quick. It's good to talk about it because I've seen how easy it is to get caught up in the hype.
Yes. It's a little crazy. I sat down, and devoted myself to first familiarising myself with the Crypto space because I had stayed COMPLETELY away from the Wild West of 2017. It's been fun watching some of the crazier content! 😂😂😂
So long as the fed keeps printing fiat money that devalues the purchasing power of the dollar, I'll be buying gold, silver, crypto and stocks in mining companies. End of story.
you say it as if all central banks dp everyday is go to office and print money. this is not the case and a very bad misconception. Printing Money is just one of the many method to manage the economy
Yes! I remember this guy from 2017. I almost didn’t recognize him. I remember how he use to do his intros, “Hello, this is xyz and I am in it FOR the MONEY.” I use to watch his videos just for the intro. I didn’t actually sit through his videos. I just liked his personality 😂.
I love that analogy about the people wanting him to be a general and say death to banks let’s climb this wall! 🤣🤣🤣🤣 perfect analogy. This value here is priceless.
Amazing reporting, this is one of your best interviews honestly. You have a great knack of allowing others to speak fully and respecting them as people (perhaps not their ideas). I would love to see a follow up interview or random drip guest visit with the Ex-Crypto Hype Man! Great work as always Stephen, keep up the solid job Detective Zilla 👍
I haven't heard a smidgen of pushback towards crypto in my life because everyone I know LOVES it, so this has been interesting. So glad to have listened to this and also realized that some people in my circle (crafting, DIY, etc.) are also pushing crypto & it's VERY strange... They're making journals and also pushing crypto? Is that weird or just me? I'm honestly wondering. I think I'm coming out of this with wider eyes. Thanks you both!!
I remember this guy. His channel was so cringe and so obviously a pump and dump shill. I am keen to watch this and see how it all went down and what he's like now.
Then he would be restricted by the Corporate agenda .... are you sure you want his show to disappear.... yeah He got a show .... don’t fly too close to the sun or you will get burned.
@@ThirdGateMedia you renamed your channel Life Alchemy? My friend, you have yourself a subscriber. You're the man, always had great content and I'm sure this channel will be the same. Even if it has nothing to do with crypto. Keep it up buddy
As a fellow crypto TH-camr I can confirm that all this is true... I don't have a massive channel though as I give brutally honest reviews and whenever those reviews are negative you get attacked by the community and few views. Create frantically bullish videos and views and subs explode. I don't do paid referrals or paid content as I am primarily a developer and trader, but I do get emails every day from companies wishing to pay for videos. Glad to see "In it for the money" doing better, I remember him well and always felt he wasn't quite being genuine, nice guy though.
*I will advise you invest with Manager Thompson and earn huge like I do and he's currently handling my Portfolio earning 200% profit with his strategies and guidance you will achieve alot*
I’m happy to see Asger is doing well, I remember catching a couple of his vids when I started in crypto. Steven thanks for putting this out there. And by the way, just because I heard you say you have BTC and ETH I would say be carful with those two.
Nice! I used to watch In it for the money with Asger Folmann. He is a very intelligent guy... as well as legit and he has a conscious! I remember when he posted a video about him changing directions (away from crypto advice) and I thought, wow, this guy is so honest and transparent. Very nice to see. Thanks Asger and Coffeezilla!
His newsletter had tiers that openly stated each tier would get the coin before the tier below and it was heavily suggested to front run cos of the spikes, pumping newsletter
Hey, Coffee I have been following crypto for a long time and am personally not really the anarcho-capitalist type but I love the idea and the true meaning behind these coins. Today these cryptocurrencies are based entirely on FOMO and it really makes me sad to see people and companies investing in these currencies just to make money and not because they actually believe in what the project is but in order to get rich. For me, the idea of getting rich off of crypto is so immoral and impure that it itself destroys the fundamental idea behind crypto being a store of some type of real-world value. For example, people will buy Etherium and not even read the ideas of the etherium founders or what the project actually is working on. ICO's make me sick and I can't believe these people are only out there to make money and don't see the real value that Crypto could provide the world if we use it right. The blockchain will revolutionize the world but if we give it such a bad name by running scams or pump and dump schemes on it then the technology will never become what I hope it someday becomes. I have a very personal connection to the blockchain and I truly love the potential it has and I just want to see it succeed in a real and legit way. My ex-girlfriend gave me a book on the block a few years ago and since that day I have dedicated hours to working on it going to school as an accountant and computer science student to someday work on this technology. I am passionate about this and I really really want to see it work. Sadly people may never see or understand the true power of the blockchain, or they may feel the power as it rips them off. I hope this changes. Sorry if this was a little incoherent I am multitasking while writing. Thanks for all the great content again.
Appreciate your comment! Message my trusted Cryptocurrency professional and investor to guide you on how to make more profit on cryptocurrency. Expert Maria is currently handling my crypto for me and she's making me huge profit turning 2 BTC into 4 BTC in 9 days and making me $400,000 weekly by putting $50,000 indeed I'm amazed.
Actually, we miss "In It For The Money", not so much for the shitcoins I never bothered to look at, but the entertainment. Asger was a pretty interesting guy compared to the many arrogant crypto-noobs turned youtube expert out there. I agree with him that Crypto Daily is worth watching just for the humour.
Coffeezilla thank you for taking the time to make valuable content like this. I know in reality you’re trying to warn people of what’s ultimately about to happen. These guys are out here more than ever.
Isn't this what the bigger hedge fund guys are doing right now after "investing" big $ and then doing random interviews with finance TH-cam channels telling everyone his bullish they are on crypto.
The facts are simple. Rarely do successful people spend time making TH-cam videos about their business or skill. But there is no shortage of failed entrepreneurs and outright losers who will fall back on content creation as a last resort when the wallet is running dry. Watch videos and listen to podcasts for entertainment only. Trying to “study” this material for any sort of education is truly a waste of one’s time.
hold on.. did he say he had 19k people on his crypto newsletter subscription list? at $99 a month? thats nearly 1.9million USD per month. and he said he ran it for 3-4 months roughly... And he claims to not be a millionaire?
@@zamboner this, alot of comments on yt from people new to crypto just ask " get to the good part. What's the price?". Sad to see tbh these are the people that are gonna get burned.
@@ExistenceUniversity I get why you say that about most crypto but hold on a second. The are utility tokens that are actually used on networks. They are not just bought and then sold at a different price. Think of them like gas. Look into h bars for example and you will see that they are not a scam but a fuel for a growing worldwide network.
*Personally, I do not think he "walked away", throughout the interview he seems super edgy on not giving "recommendations" nor giving "financial advice" and we are to believe that he somehow woke up with ethics...that is not how it works. I think he has been threatened with legal action from the who knows how many disgruntled viewers/newsletter subscribers and this ultimately is what made him stop what he was doing. A typical pump and dump conman who knew what he was doing imo (even charged $90 per month for a "no recommend "newsletter). Now he does what most "reformed" conmen do and teach victims, for a price, how to look at for conman like him (sorry, I mean, what he used to be...) - *disclosure: all views are my own and are of an opinion basis not of a factual basis ;)
This is one of the main reasons why I don't do TH-cam. I feel like I change interest too often, and constantly worry about leading people down the wrong path. The last thing I'd want is to become a slave to my audience, and continue to support something I no longer truly believe in.
A friend of mine told me one time she was going to be a millionaire in a couple weeks. She really doesnt know why. Her husband his friends "made"a crypto. On a certain date it made them millionaires. She said after that he husband was done. He gets paid and makes the next one
@@snooganslestat2030 She ended up divorcing him. He was indeed was involved with creating cryptos that look great but had no future. One of the IPOs was not done right and the government was on their ass. Im pretty sure hes still dealing with it. When she found out what was really going on she wanted to get far far away.I dont blame her. The dude was a hustler anyway. He flipped cars and stuff like that. I know he mined crypto a bit. I had talked to him about that and even made some house calls to fix some issues with his mining equipment.
Excellent interview! I remember him. Emotion is 95% of the reason why folks will not make money in the markets. It is not easy. Emotion emotion emotion - a money killer if you cannot understand how to control it.
Man there is some really smart followers on this channel. Thats exactly right. And unfortunately right now everyone is " emotional ". Especially men. Pathetic
Crypto is very much real and it has incredible potential for the medium-long term future, that's for sure. BUT, it's very important to remember that it is still in its infancy stage, so volatility is insane. There WILL be 30-50% drops in the short term and people will freak out, sell, and lose a chunk of their savings. Don't get caught FOMOing into something you know nothing about. My recommendation: - Do your research on how Bitcoin and other cryptos actually work - DCA (dollar-cost average) over the next 1-2 years. - Only invest an amount that you are COMFORTABLE with LOSING!!! Very important!
Now a days people will openly say "I'm being paid to talk about this coin" then begin FOMO right out the gate. If you aren't paying attention you can get sucked in.
So... turns out this timing was INSANE as the crypto market plummets from the top of the bubble...
A good reminder to be smart with your money... I for one will probably buy low here, but remember:🤔
Don't panic buy, watch the fees, don't follow hype-men, and don't invest in things you don't understand.
Let me know if you want more crypto interviews!
Coffee there's this new scheme going on called "Earth2" you gotta check it out and let us know your opinion! Big fan🧡🇱🇰
Mtf bull divs forming, beras got their work cut out of em, and of course coinbase goes down at the perfect time again. Now where did I leave my tinfoil hat...
BRO I BOUGHT AT 40.4 WHAT DO I DO NOW??
Yes! More crypto interviews.
@@jasondeblou6226 oh no lol
I think I bought a shitcoin because of this guy and lost 700 Euros. But I don´t fault him for it. It is still my responsibility.
I respect that he owns up to all this in this video. He seems like a good guy
What did you buy?
HelloGold?
Which coin ?
Nah crypto is not a mistake the mistake ppl make begins with a lack of understanding diversification or throwing all their eggs in one basket. The total amount of money Ive invested in crypto is less than 1k and im holding till it hits my target price if it goes down i hold and if i lose it all im ok with that. That is the difference between someone that is responsible and someone that should not invest in the stock market. You do not invest if you would sell at a loss because if your willing to sell at a lose than your not using extra money your using money you need.if you ask yourself under what circumstances would sell and your response is at a certain pt than you cant invest because you need that money for bills or sumtin.
@@marioncobretti8210 cope
I commend him for walking away. This biggest take away I hope for most people is to realize people can start a TH-cam channel, twitter, FB, IG or TikTok account as an expert in an industry they know very little about. It seems that he wasn't even aware of the implications of his advice or market stability.
Oh yeah also investing advice always has bad incentives
I have a dr. phil. (German version of a Ph.D.) in linguistics. My channel is about hanging out in México because the workload of writing an empirical dissertation was so insane that it killed all the joy for me, even though I did finish it successfully. 3:22
It’s easy to walk away when you’ve already banked a fortune
This is a weird way to say u don’t actually know about auto parts
I avoided the business gurus but fell victim to the crypto gurus. I appreciate the algorithm showing me this sooner than later.
I think I did too. More or less. I'm a smart dude. You probably are smart too. Smart people do stupid things sometimes. Sometimes extra stupid.
The algorithm will change your life these days
Here’s a tip. People who tell you to buy longs and leverage trade, especially shills who tell you to look out for shitcoins, get out immediately. Chances are, they are pumps or paid to market the coin.
All hail the great algorithms, ever wonder if the algorithm is a fake guru?
Just follow Benjamin Graham's principles and Margin Of Safety and read about bubbles and how they occur, has helped me avoid so many losses.
Thanks for having me on, @coffeezilla
NOTE: when I said "one billion" (~15:35), I actually meant "one trillion" ;-)
Thanks for listening, everyone!
Thanks for coming on. Coffee thanks for having him on. @Sachin .....😂 wtf you on?
Thanks for being on the show and telling your story.
@Sachin 😂 I know, thought it was a pretty hilarious thing to do. You earned it though, keep up that #hustle ✊🏼 Edit : waaiiiit? You were too busy to write a specific message but you had the time to watch the video? Lol scam.
@Coffeezilla ohhhhh shiittt hahahahaha #nosubscribers THE BOT IS HERE
Every financial youtuber "I'm not a financial advisor" and then proceed to give financial advice.
liability
@Astrogeek bro, You wanna find out what happens to you when you give financial advice over social media? You will have every law enforcement agency knocking your door down in no time and you will be doing some time with serious federal charges. Don’t act stupid man...
Same goes for vitamin, supplement and other health aid markets. Always convinces me to move on.
I love that Coffee left the epistemological rant in - this interview style is so refreshing, get to see more of the interviewee's personality
This is so important especially with the explosion of Bitcoin. The FOMO is real. Don't get duped fellas.
What’s fomo again?
@@1pyroace1 Fear Of Missing Out
People will buy now and it'll crash again like last time. Its like trading the stock market, risky and volatile.
@@hakim6158 thank u
Im a utilities dividend guy, but the last couple of years teached me we shouldnt be afraid of momentum stocks. Bitcoin and tesla should have a space in our portfolio (its about 2% in mine, rebalanced), the rest its mostly telecoms and electric and gas utilities
Skip to 30:15 to hear the most important part of this interview guys
32:09 is where it puts coffeezilla into perspective in this cryptospace.
41:16 is another one
@@justchillin5373 That’s Dunning-Kruger.
@@RustOnWheels sure it is.
@@justchillin5373 I mean that people overestimate themselves when they start with something. It’s basic human psychology, we all have that.
I remember this guy, I was making crypto videos back in the day trying to tell people Bitconnect was a scam. Lots of money lost in 2018. This guy was no where near as bad as Suppoman or Trevon James.
For that matter, even that Black Davor guy lol. Took the Davor from $1 to $175. Glad I cashed out at $100 and made 3k
Dont forget CryptoNick!
Funny thing is Trevon James responded above saying he has a similar story
This vid puts the whole fake guru thing into perspective for me.
Enlightening interview. Really interesting. I was a regular viewer of In it for the Money and one of the main draws to me, apart for the 'hot alts' was Asger's integrity. Obviously this interview shows that it was at sometimes strained, there's life & its tests, but his integrity shone through in the end, and still does.
Everyone in crypto is stealing from each other.
Yep it’s so stupid. How do people think they can create money in a civilized developed country.
@@eliot5220 magic
this is an essential watch for EVERYONE in crypto. invest responsibly people.
Your comment sounds like a clickbait title...scam
They do not want to invest responsibly or mindfully. They want to follow the hype like good sheep and then send hate emails.
@Winston Seele lol
This was sobering. I was kind of feeling this lately with some of the content creators out there. This video solidifies my hunch. Thumbs up to Asger for coming clean.
Ever since Adam Sandler stopped making big movies, David Spade really hit rock bottom.
Hahahaah
Actually this is his dumber, uglier brother.
Ahahahahaaaaaaa! Yes, I couldn't quite put my finger on it!
Naaaaaillled iiiiit
Rob Schneider is now an anti-vaxxer.
In Korea, 2 people tried to kidnap a crypto TH-camr. Because the TH-camr gathered money together to invest in ICOs together with the viewers and apparently they lost tons of money.
North Korea was that?
Thats interesting. Whats the youtubers name?
I have no money in crypto but have just followed it as a fascinating human behavioural phenomenon. It’s mostly a dark and miserable reflection on our civilisation, that plays into our instincts and greed, and our innate ability to delude ourselves and to tell ourselves a twisted narrative. I have just watched this interview, and I have to say that it was incredibly refreshing to watch and has given me a tiny bit of faith in humanity. ❤️
The rise of social media, too, has given steam to so many bad ideas-MLMs, crypto, etc.
Humans have a dumb need to put their brains on autopilot so they can follow the heard.
By your comment i can see that you understand nothing about crypto.
Yes many people have no idea what they're doing or saying but crypto is by no means a sham or something bad...
Also you don't have to lose your money if you actually know what you're doing...
@@akbar8427 you might be right. But I don’t claim to be an expert, and there’s probably lots of things you don’t understand either. 🤷🏼♂️
Asger Folman "I'm in it for the money", seemed very rational and well thought out. He was one of my favorite Crypto youtubers during the 2017 hype. I lost a lot because of his advice, but it was all good, because I only used money that I could afford to lose, and I also did very well at the time on other coins.
He was a scammer...he had a small group of people who would profit...educated scammer..but con artist
@@annajones9701
Yup. He says that in the video. I believe he’s still a bit of a scammer right now, but ran into some potential consequences that shook him straight.
This guy's next business venture should be as a Thom Yorke in a Radiohead cover band
True, true
@Coffeezilla you're not the real zilla
Saying what we were thinking
I use to listen to he and his wife (?) He was 2017 not 2016~ and yes, those hype channels still exist and I really try to NOT do that. I found your session with him was useful for everyone.
I'm subscribed to your channel. You're one of the good ones.
Everyone is a "crypto hype man" when it comes to doge. The amount of ignorance that keeps getting repeated about that junk is so mind numbing.
They loved him when they were all winning, sent death threats to him when it didn't go their way and then completely disowned him when he told them the truth. Classic Human Psychology.
We need a video of calling “crypto comment” phone numbers.
THIS
lmao haha for sure
Dude yes
Maybe one for @kitboga
th-cam.com/video/dCcM5SGxaoc/w-d-xo.html
The quality of the content is amazing, considering the frequency of uploads
"...now he runs a self development youtube channel"
...riiiiiight
"self development" = lifestyle guru?
@@gofres forget millenials we are dealing with Generation Guru
@@thedylonzone4072 More likely sellout generation, everyone on social media is trying to sell something, either overpriced products or scams.
Impressive that Coffee could say that with a straight face.
😂😂
This guy walks up to you in a dark alley "Hey man, I got some shit coins man! 'snif' Ya want some 'snif' crystal eth"
Eth is good and doing well tho. This guy was probably marketing ripple or something that disappeared with the previous dump.
Smart guy . Two masters degrees and he's now realizes they are bs.
@@Mirizlqk First, it's XRP, and hold up, it disappeared?? Lol what? Are you one of those "Uh oh, law suit!" people who can't read any of the subplot?
This comment wins
Not the crystal eth 😱
This has to be one of the best interviews you've done!
Awesome interview with a remarkable guest! Not many people would say No to huge money and your guest managed to do that and kept his self-respect.
yea this is guy is a bit sleazy, he's definitely no saint, but at least I get the sense that he was a normal dude pursuing an interest of his and he just got too greedy. He isn't a deluded psycho. He's also pretty upfront about it all. It's not like he can give refunds to those who lost money, and if his fans want to play his risky games thats a joint responsibility.
I saw this happening 30 years ago with a defunct investment company that always recommended stocks that they just so happened to "make a market " in. In other words , they owned huge blocks of stocks that they were recommending to their clients.
Some of those pump and dump schemes were operated by the mob
Boiler rooms still exist today.
Sounds like ARK Invest
@@Leoappeared Nope , it was Dean Witter
@@ifitsfreeitsforme1852 haha thats, not what I meant.
It just sounds similar to what ARK Invest is doing currently ;)
U did him dirty with that thumbnail man
I used to work for a bank during the crypto hype of the late 2010’s. With regard to the talking point of people maxing credit cards to buy in is legit. The bank I worked for had to change their TOS and policies to not allow crypto purchases on credit. It made some people upset, but it was saving some people. Cash or debit purchases were still allowed, just not credit.
Yikes. Crypto on credit.
😬🙄
That’s probably because cash back rates on credit cards is different and crypto is basically cash back some even have a max on cash back
I remember him, im pretty sure his channel was "In It For The Money".
Remember it too well, some coins he shilled were so awful
Yeah
I searched for his channel some days ago
If you watched the video, or read the description, you would know without a doubt that his channel was in it for the money. God damn it. Your lack of observation is concerning.
this is why his insight is valuble to us. Hes giving us the hindsight.
My coffee is cold and shitty, but seeing Coffee upload has made my day a tad better.
but boi is the adrenalin nice
Sir....microwave, laser vision, hot breath, direct sunlight, my online course. Just a couple solutions for you in case Coffee isn’t around next time.
@Coffeezilla what the fuck is this about
@@AlgoTradingCenter he is not the real coffeezilla check out his channel ... dude has 0 subscriber.. he is impersonating Steven.. youtube should do something about this
@@fmkhandwala39 agreed I reported
He dropped some gems in here. Probably the smartest guest you had on so far.
Watching a man ACCIDENTALLY pump and dump MULTIPLE coins is absolutely breaking my psyche
Kinda like the " Butterfly Effect."
i think it says alot about the crypto craze. Ppl would see a youtuber who they didn't regularly follow post about a coin and buy it bc of fomo. I can totally believe he was like "that can't be bc of me my channel is so tiny!"
You need to get Richard Heart on your show. He knows more about crypto scam founders and more.
@@ibra1616 No questions. His scam coin is now worth 50b. 70% of which he pump his own money in. His goal is to beat btc. He will raise another 700bn of his own money. Then rugpull at 1trillion making him the worlds first crypto trilionaire
He low-key looks like Shaggy
From Scooby-Doo 😀
Omg exactly!
Maybe shaggy from the trailer park. Haha
Rut roe Raggy..
Lol...
Come to think of it he talks a bit like shaggy too😂
What a great Crypto interview. I really like the new pivot in Style of your videos. I never knew how subtle crypto could be until watching this interview. It really made me empathize with the interviewee and his existential crisis between wanting to speak the truth and maintaining an audience.
This excludes technical crypto youtubers right?
@Marcus Apedradus his channel focuses on scams. obviously it's all he's gonna cover...
also, technical analysis is irrelevant for successful investing, *especially* crypto
Coffezilla... you a savage for those thumbnail pics for the video!
@Victor Joseph that was my exact thoughts
i see, there's a great fortune is calling out fake guru. Coffeezilla is the industry leader in youtube
You're misunderstanding what money is. Money, every money, is a *belief* system. Money is valuable because people *BELIEVE* it is. This is not unique to Crypto, this applies to *ALL* money.
My response when people who don't get crypto criticize it. Been in since 2016 and loving it. Keep calm and hodl everyone, the institutes are coming :D
@@gofres I LITERALLY had to explain this earlier today. People really dont get it.
The difference is that we have gold as a back up for every Day money for case something might go wrong, since this wil always be rare. . Crypto doesnt have that.
@@1qstudios Right.
@@1qstudios I don't understand. Crypto, bitcoin for example, is limited and has scarcity. Paper money is printed all the time AND the gold standard is an old tale, not existent anymore.
So can you please explain?
I think something Asger says is really significant - that even people who convince themselves that they're not the bad guys... are still inevitably going to be causing all the same harm as the bad guys.
I personally believe that there's no morally neutral way to get rich from financial speculation - because ultimately, you cannot profit from it without someone, somewhere, losing out as a result. And I don't think you can advise people to do it without being complicit in that. It's not just down to the ethics of whether you're getting paid to pump stock, or whether you're just giving your unbiased opinion... the problem is still that one number can't go up without another number going down.
I find the people who try to convince people they aren’t bad are worse than the people who are just blatantly bad and don’t hide it.
Yes, but everyone in the space wants it to pump so they make money. I don't think you are the bad guy if you are the one who manages to cash out.
This guy was one of Dhar Mann's actors. I don't know if he still is.
I started trading/investing in 2020 and recognized how many snakes there are *real* quick. It's good to talk about it because I've seen how easy it is to get caught up in the hype.
Yes. It's a little crazy. I sat down, and devoted myself to first familiarising myself with the Crypto space because I had stayed COMPLETELY away from the Wild West of 2017. It's been fun watching some of the crazier content! 😂😂😂
-Why do i watch coffezilla ?
-i don't know, but yt algorithm knows that i will watch the whole thing.
This is an amazing interview. ♥️ Perfect timing as Altcoin season is coming... and the wolves come out.
So long as the fed keeps printing fiat money that devalues the purchasing power of the dollar, I'll be buying gold, silver, crypto and stocks in mining companies. End of story.
Well said. The alternative is a slow draining sensation that sounds like that of someone being royally screwed! 😂😂😂
you say it as if all central banks dp everyday is go to office and print money. this is not the case and a very bad misconception.
Printing Money is just one of the many method to manage the economy
investment should logically exceed the inflation rate not because "hurr durrr fed keep printing paper"
Yes! I remember this guy from 2017. I almost didn’t recognize him. I remember how he use to do his intros, “Hello, this is xyz and I am in it FOR the MONEY.”
I use to watch his videos just for the intro. I didn’t actually sit through his videos. I just liked his personality 😂.
I love that analogy about the people wanting him to be a general and say death to banks let’s climb this wall! 🤣🤣🤣🤣 perfect analogy. This value here is priceless.
Amazing reporting, this is one of your best interviews honestly. You have a great knack of allowing others to speak fully and respecting them as people (perhaps not their ideas). I would love to see a follow up interview or random drip guest visit with the Ex-Crypto Hype Man! Great work as always Stephen, keep up the solid job Detective Zilla 👍
I haven't heard a smidgen of pushback towards crypto in my life because everyone I know LOVES it, so this has been interesting. So glad to have listened to this and also realized that some people in my circle (crafting, DIY, etc.) are also pushing crypto & it's VERY strange... They're making journals and also pushing crypto? Is that weird or just me? I'm honestly wondering. I think I'm coming out of this with wider eyes. Thanks you both!!
I remember this guy. His channel was so cringe and so obviously a pump and dump shill. I am keen to watch this and see how it all went down and what he's like now.
Thanks for having this guy on coffee I really like this type of content
That conspiracy board in the background gets me every time. God Damn Dan Lock!
Stephen should really get his own TV Show of investigative journalism
Then he would be restricted by the Corporate agenda .... are you sure you want his show to disappear.... yeah He got a show .... don’t fly too close to the sun or you will get burned.
TV is dying, tv shows are moving to youtube and the internet.
@@TheSingleAss TV.? Never heard of it.
INITFORTHEMONEY! Man I loved your channel. I literally turned 50 dollars into 1300 dollars because of your channel lmao
Glad to hear something good came out of it! ;-)
@@ThirdGateMedia you renamed your channel Life Alchemy? My friend, you have yourself a subscriber. You're the man, always had great content and I'm sure this channel will be the same. Even if it has nothing to do with crypto. Keep it up buddy
@@mik27 I always enjoy Asger's deep thoughts on things too.
As a fellow crypto TH-camr I can confirm that all this is true... I don't have a massive channel though as I give brutally honest reviews and whenever those reviews are negative you get attacked by the community and few views. Create frantically bullish videos and views and subs explode.
I don't do paid referrals or paid content as I am primarily a developer and trader, but I do get emails every day from companies wishing to pay for videos.
Glad to see "In it for the money" doing better, I remember him well and always felt he wasn't quite being genuine, nice guy though.
*I will advise you invest with Manager Thompson and earn huge like I do and he's currently handling my Portfolio earning 200% profit with his strategies and guidance you will achieve alot*
+ 1 9 2 9 8 4 1 3 6 3 9
His availability is on What'sapp
Carl from the Moon: shilling Bybit like CRAZY. Getting worse and worse
He says he gets commission from sign ups... not really a con
Bybit is an exchange though.
@@LuchadorEMC yes, and he is getting paid to shill it to (mainly noob) traders. Leveraged trading is like playing with fire if not experienced.
Lark Davis is such a hype man who would focus far more on fear to get more newsletters and views.
I’m happy to see Asger is doing well, I remember catching a couple of his vids when I started in crypto. Steven thanks for putting this out there. And by the way, just because I heard you say you have BTC and ETH I would say be carful with those two.
Nice! I used to watch In it for the money with Asger Folmann. He is a very intelligent guy... as well as legit and he has a conscious! I remember when he posted a video about him changing directions (away from crypto advice) and I thought, wow, this guy is so honest and transparent. Very nice to see. Thanks Asger and Coffeezilla!
a little correction: those ICOs were not ethereum copy paste (that still takes some brains), they were basic erc20 syntax (3 lines of code).
You mean the token. ICO contracts and the platform around it were quite complex
he was talking about erc20, but for people who don't even know what that is
@Coffeezilla so I actually can't tell if this is a troll or you got hacked by some spiteful guru that you exposed.
@@Hpe4ch its a fake acc
Great Job bro , keep up the good work
good luck for Asger Folmann , and thanks for your honesty and the b.lls to speak loud.
His newsletter had tiers that openly stated each tier would get the coin before the tier below and it was heavily suggested to front run cos of the spikes, pumping newsletter
Wow... Steve.. you really never missed an upload. Congratulations 🎊🎉👏
I'm thinking of starting a crypto channel for sensible investments. Preaching safety and responsibility, research etc
Like Coin Bureau?
Hey, Coffee I have been following crypto for a long time and am personally not really the anarcho-capitalist type but I love the idea and the true meaning behind these coins. Today these cryptocurrencies are based entirely on FOMO and it really makes me sad to see people and companies investing in these currencies just to make money and not because they actually believe in what the project is but in order to get rich. For me, the idea of getting rich off of crypto is so immoral and impure that it itself destroys the fundamental idea behind crypto being a store of some type of real-world value. For example, people will buy Etherium and not even read the ideas of the etherium founders or what the project actually is working on. ICO's make me sick and I can't believe these people are only out there to make money and don't see the real value that Crypto could provide the world if we use it right. The blockchain will revolutionize the world but if we give it such a bad name by running scams or pump and dump schemes on it then the technology will never become what I hope it someday becomes.
I have a very personal connection to the blockchain and I truly love the potential it has and I just want to see it succeed in a real and legit way. My ex-girlfriend gave me a book on the block a few years ago and since that day I have dedicated hours to working on it going to school as an accountant and computer science student to someday work on this technology. I am passionate about this and I really really want to see it work. Sadly people may never see or understand the true power of the blockchain, or they may feel the power as it rips them off. I hope this changes.
Sorry if this was a little incoherent I am multitasking while writing. Thanks for all the great content again.
Appreciate your comment!
Message my trusted Cryptocurrency professional and investor to guide you on how to make more profit on cryptocurrency.
Expert Maria is currently handling my crypto for me and she's making me huge profit
turning 2 BTC into 4 BTC in 9 days and making me $400,000 weekly by putting $50,000 indeed I'm amazed.
Her what@pp
+ 1 6 2 6 5 2 7 9 3 5 0..
Actually, we miss "In It For The Money", not so much for the shitcoins I never bothered to look at, but the entertainment. Asger was a pretty interesting guy compared to the many arrogant crypto-noobs turned youtube expert out there. I agree with him that Crypto Daily is worth watching just for the humour.
Like the swiss fitness guy xD
Coffeezilla thank you for taking the time to make valuable content like this. I know in reality you’re trying to warn people of what’s ultimately about to happen. These guys are out here more than ever.
Isn't this what the bigger hedge fund guys are doing right now after "investing" big $ and then doing random interviews with finance TH-cam channels telling everyone his bullish they are on crypto.
Yes. It's also what smaller guys do with penny stocks. Martin Shkreli got his fortune doing that.
The ads TH-cam Germany puts in front of your videos feature the kind of guys you would criticize.
Same here in the US. I guess the algorithms aren't as great as we'd assume. I get all the scam commercials while watching this channel.
And UK.
Yep
Thank you Coffeezilla! Used car salesman types are losing people’s life savings! “Crypto is the modern day printing press”!
The facts are simple. Rarely do successful people spend time making TH-cam videos about their business or skill.
But there is no shortage of failed entrepreneurs and outright losers who will fall back on content creation as a last resort when the wallet is running dry.
Watch videos and listen to podcasts for entertainment only. Trying to “study” this material for any sort of education is truly a waste of one’s time.
You are wrong
This guy is so cool I respect him for his ethics
hold on.. did he say he had 19k people on his crypto newsletter subscription list? at $99 a month? thats nearly 1.9million USD per month. and he said he ran it for 3-4 months roughly... And he claims to not be a millionaire?
I genuinely believe he meant 1.9 k.
Still not joke, one month of that is more than most peolles annual salary
@@haadnaqvi1323 possibly, he did seem quite nervous..
I thought he said $9.00
@@snooganslestat2030 no he clearly said it $99
Seriously no one gonna talk about that thumbnail? 🤣🤣
Oh wow, I was already subscribed to Anthony (Street Epistemology.) Well nice to catch-up!!
This video highly motivated me to do a lot more of my own research. Thanks
DYOR! 😂
I remember this guy, I didnt follow any of his crypto choices, he was full of BS!! People lost money because of him...
Its all a scam so duh.
Buying fictional products that have no economic or personal values.
NO, People lost money because they're idiots and degenerate gamblers... if you can't think for yourself, don't try to be your own bank...
@@zamboner this, alot of comments on yt from people new to crypto just ask " get to the good part. What's the price?". Sad to see tbh these are the people that are gonna get burned.
@@zamboner Freedom comes with a price
@@ExistenceUniversity I get why you say that about most crypto but hold on a second. The are utility tokens that are actually used on networks. They are not just bought and then sold at a different price. Think of them like gas. Look into h bars for example and you will see that they are not a scam but a fuel for a growing worldwide network.
So now tom nash recommending which stocks to buy. Is he became like cryptocurrency guy?
Get confused when they call him Steve, I call him Coffezilla 😂😂
*Personally, I do not think he "walked away", throughout the interview he seems super edgy on not giving "recommendations" nor giving "financial advice" and we are to believe that he somehow woke up with ethics...that is not how it works. I think he has been threatened with legal action from the who knows how many disgruntled viewers/newsletter subscribers and this ultimately is what made him stop what he was doing. A typical pump and dump conman who knew what he was doing imo (even charged $90 per month for a "no recommend "newsletter). Now he does what most "reformed" conmen do and teach victims, for a price, how to look at for conman like him (sorry, I mean, what he used to be...) - *disclosure: all views are my own and are of an opinion basis not of a factual basis ;)
You saying "we are to believe that he somehow woke up with ethics...that is not how it works" says a lot about your own character.
@@mfit7110 how exactly?
Sounds like you believe people need an incentive in order to realize they should take a more ethical approach to things.
@@mfit7110 thats your own assumption. You can clearly see in the video from the guys actions and own words that’s exactly what he’s doing...
@@british021 I quoted you in my comment. It’s not an assumption.....
Here we see the struggles of a non-sociopath submerged in an ocean of greed. May his tribe increase.
coffeezilla lowkey exposing this guy 😂😂😂😂
Yea i agree. Guy is a fraud all the way. Hes still in the quicksand
it's genius lmao
it may be an older video, but this 1 is my favorite of them that i have seen. that guy is chill af,someone you could burn an L with, and kick it.
Jokes on you Coffee, I don't even know how to read the charts!
This is one of the main reasons why I don't do TH-cam. I feel like I change interest too often, and constantly worry about leading people down the wrong path. The last thing I'd want is to become a slave to my audience, and continue to support something I no longer truly believe in.
Wassa wassa wassa wassa wassa wassa wassa wassa wassa wassa wassup! BITCONEEEEEEEEEEEEEEEEEEEEEEECT! - Crypto Hype Man
Daenish Trader: th-cam.com/video/nw-z_FAyIVc/w-d-xo.html
Lol
"My wife says it's a scam" 🤣
Awesome interview Asger! He’s an actor now going to be in a Viking film coming soon!
lol did he just incriminate himself for market manipulation
on an unregulated market... pretty much.. who's calling the cops?
A friend of mine told me one time she was going to be a millionaire in a couple weeks. She really doesnt know why. Her husband his friends "made"a crypto. On a certain date it made them millionaires. She said after that he husband was done. He gets paid and makes the next one
So what happened?
@@snooganslestat2030 She ended up divorcing him. He was indeed was involved with creating cryptos that look great but had no future. One of the IPOs was not done right and the government was on their ass. Im pretty sure hes still dealing with it. When she found out what was really going on she wanted to get far far away.I dont blame her. The dude was a hustler anyway. He flipped cars and stuff like that. I know he mined crypto a bit. I had talked to him about that and even made some house calls to fix some issues with his mining equipment.
Excellent interview! I remember him. Emotion is 95% of the reason why folks will not make money in the markets. It is not easy. Emotion emotion emotion - a money killer if you cannot understand how to control it.
Man there is some really smart followers on this channel. Thats exactly right. And unfortunately right now everyone is " emotional ". Especially men. Pathetic
Crypto is very much real and it has incredible potential for the medium-long term future, that's for sure.
BUT, it's very important to remember that it is still in its infancy stage, so volatility is insane. There WILL be 30-50% drops in the short term and people will freak out, sell, and lose a chunk of their savings.
Don't get caught FOMOing into something you know nothing about. My recommendation:
- Do your research on how Bitcoin and other cryptos actually work
- DCA (dollar-cost average) over the next 1-2 years.
- Only invest an amount that you are COMFORTABLE with LOSING!!! Very important!
this man acts as an addict on dhar mann videos,remembered his face
Yep!!
Ohh that's where I recognize him from lmao
Now a days people will openly say "I'm being paid to talk about this coin" then begin FOMO right out the gate. If you aren't paying attention you can get sucked in.
nice vid, but don't like the idea that there is no way to have a crypto channel without being ethical . what about coinbureau?
Coinbureau is a very ethical and impartial TH-cam channel!
Crypto Casey too
Your interviews are always fire!