Hey this is tom, and i think this video will get me a lot of new friends and by friends i mean freaking enemies, but i'm not gon na sit here and just relax. My good fortune, while i watch other people, get screwed, i'm not gon na, be here just basically chillaxing. While i see this happening and nobody is lifting a finger nobody's saying anything. So as always, i'm gon na be the one to tell you about it.

Now you have a lot of these social media influencers, including on youtube. Yes, i'm talking about you that promote this coin, culture, basically for ad revenue, completely screwing over the viewers for quick gains, and i find that despicable. I call them scumbags, i think they're, even worse. They're, probably the equivalent of the icky juice that accumulates at the bottom of your trash bag.

Just before you throw it out uh. Let me explain why so cryptocurrencies are legitimate industry, bitcoin, ethereum, even nfts. Even you know a crypto based games, those are all legitimate industries and even you know, you could go as far as cardano xrp. However, okay, unlike those cryptocurrencies we've seen a slew of these new generation cryptocurrencies that don't even pretend to have a use case.

They literally just come out and say: hey we're pure pump and dump there's nothing. We can do here with this coin other than the greater full theory. The only reason that somebody would buy these coins is because they think somebody will buy it off their hands tomorrow or in a week for a higher price. That's it and the numbers are insane and it attracts a lot of new investors into the market.

That's never actually traded, never actually invested, so it will get a lot of traction on youtube. If you post videos about this sort of thing, and i'm not even talking about the people who actually engage in making videos, then pumping and dumping, this is actually criminal. Those people should be in prison. I'm talking about standard influencers who do this for views.

They're, not they're, not dumping. Anything they're, not pumping anything. They put out these videos because they'll get a lot of views. If i can make a video right now about shiba inu or some coin, i'm gon na get 200 000 views easy simple, and at this point some will tell well tom, i think, you're just jealous of all these people who get hella views and hella subscribers, because They make videos about these coins and let me just explain something to you: it's not about quantity, it's about quality, and i'm not just saying this because i'm a bleeding heart i'll, explain why, if you're a youtuber, it's not a good idea to add these sort of Subscribers to your you know, subscribership, so to speak.

When you add people who really don't have any interest in your channel, apart from you know, watching a video about a coin at some point, they're gon na check out, because i mean how many coin videos more. Can you do you can do this for a month for two for three at some point, you're going to be starting doing content, you love and you know, enjoy again, and these people are not going to watch your videos so you're going to have a lot of Empty baggage, a lot of empty subscribers, don't watch your video. It's actually going to hurt your channel, because the algorithm will look at your channel say. Well, he has a lot of inactive subscribers.

His content is probably garbage. That's why i don't want them. I want quality subscribers that engage with me, so i'm not jealous of any of these. In fact, i pity them.

The problem is not them and their subscriberships and their channel couldn't give two about their channel. The problem is that they're, promoting a pyramid scheme and they're not being transparent about what exactly they're promoting. Let me explain what i mean a pyramid scheme by definition is an adventure where the original players get 90 of the money. Let's say 10 percent of people get to keep 90 of the money, and the 90 that came in late basically get 10 of the money, so in essence other than the first 10 90 lose money, and this is exactly what these coins are.

People recruit new payers to pay higher and then at some point the people run out and then you get basically, you know stuck bag holding and it just happened yesterday, the squid game cryptocurrency, who would have thought that an anonymous creator of a cryptocurrency based on a Korean tv show that has no affiliation with the korean tv show and that the game has not been created and and basically you had no options to sell the cryptocurrency once you bought it that he would do something like this and yeah so very shocking, very surprising. Who could have thought so? This is just one example there's many more to come, and i feel that these people make content about these coins. Promoting this culture, promoting these coins purely because they're getting a lot of views, a lot of ad revenues flowing in for every view. They have no incentive to tell you the truth.

So if they're not gon na, do it i'm gon na do it so here it is these coins, every single one of them is pure garbage. There is no way for you to consistently make money. I know you heard stories about people who made 400 1500 in a day and of course, i'm assuming they're real. But you never hear about the 99 of people who get slacked out of their money, which is more likely where you're gon na be at not in the group that makes most of the money.

It's just a statistical thing, and i know it sucks to hear about this when you're trying to get like a 15 annual return, and then somebody says well just did 400 a day. I know it's tempting it's human nature. That greed is something we really have as humans a tough time to resist, but you have to understand that this is just a pyramid scheme and if you heard about it in all likelihood it's already too late, so you might make a few bucks. You might make a lot of money, but i don't think you can make consistently good income as an investor doing this for a living.

These coins is a flash in the pan. It's just a fad, it's a pyramid scheme with a different name, and i think these people that are doing these videos about it are not being transparent about how dangerous this is about how risky this is and how much of a investment. This is if you're trying to get a career going in investment or, if you're, trying to plan for your future, and you know what here's the thing i can make a volunteer, video or tesla video today, god knows: there's plenty of news. Get a lot of views.

Talk about something i love and get paid, but i'm gon na make this video, even though i know 99 of you will not watch it, because i think that, even if i can help 50 people to avoid getting shellacked by this coin culture, i did my part Now i expect anybody with a voice on social media, on youtube, on instagram, on twitter to come out and share a similar message to educate these people because they don't know ninety percent of them come in through the stock market. For the first time. They don't understand that what they're dealing with is a elaborate pyramid scheme, so we need to educate these investors to let them know, there's no point in being mad at these youtubers they're. Just opportunistic pieces of what we need to be doing is educating the public.

The new investors about how real-time long-term investment works and how these coins might not be good for your health, so to speak. So i hope this was a good message, for you all make sure you share it with anybody that you think is about to get involved in this. This has been me. This has been you thank you for the channel members and the patrons that allow me to make this sort of content, because they basically free me from the shackles of ad revenue.

Thank you guys. So much we'll see you soon.