Welcome back to another Bonus Episode of Money Talks (Episode 5) with our very good friend to the show, Premz (@PremzOnline) - recorded on 22/11/22.
The hosts, Jesal and Premz, stir up an engaging discussion on the dynamics of the cryptocurrency market throughout the recent bear market, focusing on notable digital currencies like Bitcoin and Solana.
They delve into key investment strategies like diversification, allocation, anticipation of potential opportunities like an ETF and airdrops, and the relevance of long-term financial planning.
However, they stress the potential risks including market volatility, overtrading, and the perils of leveraged trading. They also discuss predictors such as the upcoming Bitcoin halving event which might present favourable investment opportunities.
As a key takeaway, the hosts spotlight the need for self-education to understand market trends, and being vigilant against fraudulent practices in the fast-paced, and often risky, world of cryptocurrency investment.
00:00 Catching Up and Reflecting on the Past Year
00:51 Recalling the Last Bear Market and Predicting the Future
02:21 Analyzing Past Predictions and Their Outcomes
12:40 Understanding the Impact of Inflation on Crypto
17:44 The Role of Yield Farming in Crypto Investments
20:22 The Rise of Solana and Its Impact on the Crypto Market
31:24 The Future of Crypto Trading and the Role of Coinbase
32:42 Exploring Meme Coins and Their Potential Returns
38:13 The Start of the Bull Market
38:22 Understanding Market Corrections
39:10 The Pitfalls of Overtrading
40:25 The Importance of Conviction in Crypto
41:12 The Role of Timing in Crypto Investments
41:36 The Reality of Bull and Bear Markets
42:52 The Risks and Rewards of Crypto
42:59 The Impact of Life Events on Crypto Investments
44:04 The Potential of Solana
44:30 The Dangers of Leverage Trading
46:20 The Lessons from Past Crypto Losses
46:57 The Power of Airdrops
49:23 The Future of NFTs
01:01:40 The Importance of Diversification
01:06:52 The Potential of AI and Gaming in Crypto
01:12:45 The Risks of Overtrading and Leverage
01:16:32 The Importance of Patience in Crypto Investing