My Friend Came Over to Sell His Stack
My friend almost sold his 10 000 ICP that I talked about recently in my video, should I borrow $20 000 to buy 10 000 ICP, which might have also cost me a date. But that's okay because I got lots more of those. And my friend only has his 10 000 ICP. So he came over to my house this morning because he said, hey, I want you to help me list this on ID Geek and get it sold. So I sat down with him and we started to talk about it. And I said, why do you want to sell right now? He said, well, they just cut the APR from like 13 or whatever it was before down to six.
And I can get 6 APR in lots of other places like stocks, real estate, whatever, et cetera. I'm like, hold on, you're not looking at the big picture of this. And I said, the big picture of this is that you're sitting on potentially one of the most asymmetric investments I've ever seen in my life. And obviously this isn't financial advice. And I have tens of thousands of dollars of ICP myself. And I'm just out here with Jerry Banfield's shirt on, on one of six YouTube channels talking shit. So I talked to him and I said, wait a minute, let's look at this. If, all right, if things go where I think they're going with ICP, that this thing is crazily undervalued, at least 10 times at a bare minimum, if not 100 plus times undervalued, you're sitting on $10 000.
You're sitting on $10 000 ICP, which really should be worth at least $100 000, if not $300 000, okay? Don't fucking Jimmy me, Jules, okay? So this is potentially hundreds of thousands of dollars worth of ICP in the future. Now you're going to continue getting 6 interest regardless of whatever the baseline ICP is worth. So if it's worth $29 000 today, you're going to get 6 on that. If it's worth $290 000 in the future, you're going to get 6 on that. And that, you're not going to do fucking around in the stock market. You're not going to do that messing around with real estate.
You're not going to get a 10 or maybe 100x on something and then sit there and get the same APR on the unrealized capital gains. This is where I caught his attention. He said, wait, what do you mean by that? I said, unrealized capital gains.
Why Unrealized Gains Change Everything
These are gains that you haven't sold, which in the United States, you do not have to pay tax on. So let's say that ICP goes to where it should. And my friend gets to a million dollars worth of internet computer protocol that he paid about $54 000 for on average. That he was about ready to dump it for 20 000 to me. And today it kind of looks like I should have bought it right here. Just give me that 10 000 ICP for $20 000 and I'd have made, $9 000 already. But I decided, look, I've already got so much ICP. I have 6 700 ICP.
Plus I have this whole ICP channel. Plus I have this crypto reviews channel where I just talk, I shit on other coins that fucking suck. And check out this roasting ton coin. This is going to be my new format. Just, just lasering into these and going for like comedy instead of, trying to take this seriously. All right.
If you want to follow how I think about all of this in one place, I keep every breakdown in my my ICP Crypto playlist.
Why I Passed on Buying His ICP
So I already have enough invested in ICP. Not just money, but what do you think is going to happen to my channel if ICP blows up? Well, Bobby O would tell you that a bunch of other shit fluencers are going to step in and make ICP channels themselves. And they're going to control the conversation about ICP. Still, I'll still probably 10X and get a whole bunch of views in that scenario. And I might get drowned out by some of the bigger voices. But when ICP goes where I think it's going to go, it's going to be great for me anyway. Well, I was really just trying.
I was trying to talk about my friend, but I lasered off into talking about myself. So back to him. I said, unrealized capital gains. This could be worth a million dollars one day, at which point you'd be getting $60 000 plus a year in interest. You're not going to fuck around in the stock market making $60 000 a year in pure profit, sitting there with a million dollars in unrealized capital gains. Technically, it might be like $960 000. Or $50 000 or something like that, okay? So I explained to him, I'm like, you're sitting on something that has huge asymmetric upside. He's like, well, I already have like $10 000. If you're staring down a hold-or-sell moment like my friend was and you want to think it through out loud with someone before you act, you can join Jerry Banfield Family and we'll walk through your own situation together on a weekly call.
I just need a little bit more to close this real estate deal. I'm like, well, look, look at it this way. I'm sure you can scrounge around and find $10 000 more.
The Real Estate Trade That Would Haunt Him
But you dump your ICP and this shit goes up to like $20 per ICP, which would be a tiny little pump compared. Would you, how would you feel sitting there looking at, you dumped an account for $20 000 for some real estate deal that then would be sitting there at $200 000. And now that's paying you times 6%. That's paying you $12 000 a year in interest. You can fuck around and dump the account for the amount of interest you could get in the future. And he's like, oh, that'd be really stupid, wouldn't it? I'm like, yes, you've already lost 30, when I was 20, or whatever, he's lost tens of thousands of dollars already in the value of it.
And if he dumps it right now, he's not even going to be able to really use those losses to offset whatever other money he's making, because you can only write off so many losses a year. But he can make profit off the unrealized capital gains. And if it goes to zero at this point, which I think is unlikely, but you still have to accept that possibility. If it goes down further, it's like, well, shit, there's no, you're, you're just in, you're in now for the long haul. And the upside is so possibly high that there's no point in getting out now. Like getting out now is insane.
Like you're just fucking yourself. And I'm like, well, that's all I've been doing lately, but I'm going to put up a hinge profile. Okay.
The Dating Tangent I Couldn't Resist
I'm going to put up a hinge profile and I got a brand new Jerry Manfield dating channel, which is great for a guy that hasn't got laid in six months. I'm going to put up a dating channel. I just got a new dating channel up there. Shit's not even in YouTube search yet, but there's, at Jerry Manfield dating. And if you want dating is going to all go on this new channel and we're going to just talk that. So I'm going to be getting laid at some point, but why the fuck did we go off on this tangent again? All right, here's the new channel.
Don't Sell at the Worst Possible Time
But the bottom line is don't fuck yourself by selling ICP at the worst time to do so. Everything in crypto right now, that definitely wasn't financial advice. Our world is so stupid we live in. Like, let me just shove. A disclaimer up this videos and and then it's all fine, right? Just anything else I say, because clearly this is more entertainment and education than telling you what to do. So I, I'm now I'm back on thinking about fucking myself. Don't fuck yourself. This is what I've, some guy emailed me. It's like Jerry, you told me about ICP and I bought it and all this. And then I sold it cause you're full of shit.
I'm like, you're a dummy bitch for selling right now. Yeah. I didn't tell you to fucking sell right now. Did I? You did that shit yourself. You got to appreciate this whole crypto environment is heavily. It's just like a psyop to extract value from people. And if people get more intelligent, that's going to stop. And I'd like to bet that people are going to get more intelligent. And we're seeing signals like Bobby shown recently in his video. When you have companies, these six Anderson Horowitz, whatever, they're actually talking about, Oh, we need these things while they're planting seeds. It shows that whatever they're saying publicly, clearly they see, I'd hope they would see a little bit further ahead than whatever they're saying publicly, except my silly ass, just sitting here saying everything I see publicly instead of jerking people around and taking all their money and then switching what I need to say after I made myself as much money as possible.
Maybe I'm the dummy bitch. Who's not just making as much money. For myself as I could, instead of stealing from other people until I've got the house and the car that I feel I deserve. And what were, what worth is that shit when you die anyway? Damn, this shit went off on a hell of a tangent. Well, ultimately this should be entertaining because I'm saying the same shit every day. And at this point we just need to help being patient and I'm glad I could help my friend be patient because he about fucked up today. But fortunately without me, he doesn't know how to sell the account without me.
And putting it on ID geek at this point is like the worst thing you could do in my opinion, which this shit's all my opinion, isn't it? Oh, not, not another Pulp Fiction quote. There's nothing you're going to say. It's going to make me forget that I love my wife. Is there, there's nothing you're going to say. It's going to make me forget that I love ICP. Is there like, come on, this is a time to hang on. This is a time where the darkness is before the light. Yeah. And this is like a religion. He's just up here preaching a sermon every day. Yes.
This is how we practice faith in real life. And a lot of us have been stripped from our religions. So we fucking get a coin and then this is our, our new idol. But this is an exciting opportunity that we found. And I remember finding Bitcoin in 2014 and fucking that up because I wasn't patient. And same thing with Ethereum. Yeah. I'm thinking I could buy it lower. You may not be able to get ICP lower ever again. And I know I said that at $3 and it went down to two, but at some point either I'm going to be right. Or the world's going to be so fucked that nothing matters.
This is exactly the kind of patience I love to reinforce on our weekly calls, where holding through the noise is the whole point, so if you want that, you can join Jerry Banfield Family.
Okay. Those are like the two basic choices we have here. Either the world goes to shit and fuck it. Who cares what you do? Or we're going to logically progress to better technology. It solves a shitload of problems. And everybody holding ICP that can hang on is going to be filthy stinking rich. Or third basic path, some other big tech company will release their own solution. And the longer that doesn't happen, the more things are in favor of ICP.
ICP Has First-Mover Advantage Like Bitcoin
Because like Bitcoin, if somebody else would have came out and sniped Bitcoin on like day one, like it's 2009, whoever dude at the CIA that invented, because Satoshi Nakamoto is like central intelligence and Japanese. So whichever guy at the CIA was inventing Bitcoin and putting that out there, imagine if somebody else like sniped it right after that. And they're like XRP bitch. And like day two, you got Bitcoin and XRP like day two. Now imagine then like 80 other blockchains immediately all came out and you're like, fuck, I don't even know which one of these was the first. Like this came out day one and day two, you had some shit coin like XRP.
And then day three, well, XRP was actually pretty cool when it came out. When it came out, you could send transactions faster than Bitcoin. Like, oh, fuck, that was a big deal. But now is all it can do is send transactions. That's lame. ICP has got first mover advantage at this point. And it's been out five years, which is basically in the Bitcoin timeline, 2014. Things have went really well for Bitcoin since 2014. Although I think we've kind of hit its peak. Because once you got ICP. Bitcoin's like, it's just a collector's token at this point. It's just a meme coin like, oh, this is cool.
It's the first crypto, but it doesn't do shit. Except let people trick you into holding it for you, which is fucking stupid. Not your keys. It's somebody else's crypto bitch. So ICP is in a really fantastic position today. And this just made my day that my friend came over and I didn't even think of like talking him out of it. Like I'm going to definitely talk him out of it. And I'm proud of him for being open because some of us just get lasered in. We're just going to fucking do this. And this is how I was today. I was going to yoga, and I'm all single and shit.
And I'm going to yoga and I'm like, I am going to yoga. Jerry Banfield robot is set. I'm going to yoga at Beachtown autopilot. Then this hot girl comes up and I've got a fucking Jerry Banfield shirt on, because that's how I roll. And she's like, oh, what's that say on your shirt? And I'm like the Jerry Banfield show. She's like, oh, cool. And I look at her shirt. I'm like, what does your shirt say? Like great time or some shit. She had some shirt on this, like, great vibes or some kind of shirt like that. And so this hot girl just opened me. She started talking to me first.
She smiled at me. She looked at me. She opened me. But my silly ass is in like autopilot where I'm like, all right, bye. I'm going to yoga. I'm like, you're going to yoga? She's like, no, I'm going to coffee. I'm like, well, see ya. Then I walk into yoga class. I'm like, I'm a dummy, bitch. What the? What the fuck was that? I should have dropped this yoga class and still probably be at coffee with this girl. But this is what people are doing in crypto is getting this tunnel vision of like this guy said, this coin is going to go up and XRP is going to hit $10 000.
It's fucking stupid. Or, ICP is down and it's shit. And maybe these other people are right. And maybe they actually are doing things on chain on near. Fuck. Bullshit. What's your fucking kidding me, man? So I think swearing is worth it for a little comedy, for a little extra energy. I know how to talk like this without cursing, but I think it just makes it more fun. So I appreciate all the likes. And I appreciate that my friend was not in tunnel vision this morning that he's like, should I you should I do this? I'm like, no, because I can't stand to look at you.
If ICP goes to 20 bucks, nothing. Need some advice. Just God, Tony, what's going to happen? I was only kidding. So imagine me seeing my friend when ICP is up to $20 and I poached it off him for fucking 20 000 for 10 000 ICP. See, what's what I'd like to think is different from me is that I give a shit about other people. And I think that's normal. I think most of us actually do give some level of a fuck about other people. But where we go wrong is when it comes to money. As soon as we go wrong, we go wrong. As soon as it comes to money, we're all like, fuck you, bitch.
I'm going to get all my shit for myself. I'll go to people like be so loving and nice and kind and the rest of their lives and then go take everybody else's shit at work. It's like, well, if I'm at work, I'm just I'll take everybody's money. I don't care. Just give me all your money. I don't care what I have to do for it. And that's the rest of crypto. So right now, ICP is where it's at. And my friend was thinking about selling because the price has been artificially suppressed because nearly everyone in crypto is a fucking liar. Liar or an ignorant dummy.
Either way, the majority of crypto is people lying and stealing and cheating, and they don't give a shit about anybody. And they're like, I'm going to steal from these idiots as long as I possibly can. And they deserve it because they're so stupid that they're letting me do it. If they weren't that dumb, they wouldn't let me do it. Therefore, it's OK for me to do it. It's legal for me to do it. So I'm going to just steal from them. That's like all the crypto, like all the layer one blockchains, all the foundations, all the publications, all the influencers outside of like me, Bobby O, Blockchain Pill, Sea Order Hero, and fuck whoever else I forgot.
Sorry. Whoever else I forgot. All right. That's basically everybody but us is just ripping all of crypto off right now. But there's real technology. The world needs it. And there's going to come a time where the pressure from the rest of the world, needing ICP will outweigh all the liars and cheaters, and then they'll just immediately switch what they're saying. Oh, yeah. We are. We covered ICP five years ago. And yeah, we were just, talking about these other coins and they all went down. They're all rugs. So fuck. We're going to make some coins on ICP. And ICP is awesome. And we've been telling you that the whole time.
See, here's a post from 2021 when it launched where I said it's great. And yeah. No, buy eight of my shit coins on ICP today and you'll be rich. Like that's that we're here. Don't do it. Don't fuck this up. Like, that's what we're trying to do today is just stay here and not get thrown out of our position. I told my friend, I said at this point, I'd rather my ICP go to zero than me sell it. And it rockets up because I sold my I marketed Dash. God damn it. Shut up. Finish this video already. All right. One more thing I saw.
The Dash Mistake I Still Regret
I bought 10 000 Dash when I was one of the largest crypto YouTubes in the world. I looked at Dash. I'm like this little shit coin. I'm going to pump this. And my friend, he he's told me he's like, this is awesome. Let's pump this. So we both bought he was in Dash. I bought 10 000 Dash. I took all the money I had, which unfortunately was $10 000 that I could afford to lose. And I did. I was the primary income provider for my family also doing YouTube. So I bought all this. I put $11 000 in Dash on Christmas 2016. And I'm like, all right, let's do this.
I promoted Dash to millions of people over the next five months and it went to $87. I'm like, all right, it's probably, it just 8x in a few months, mainly off of me promoting it. Mainly. Nobody else is doing shit. Who put this thing together? Me. That's who. Who do I trust? Me. I pumped that shit 8 7x myself. And then I figured, fuck them. You know what? They don't want to give me more money to keep promoting this shit. Fuck them. I'll find another coin. I'll pump that. And then Dash went up another 10 plus x from there. And I felt like a moron.
And it didn't matter that I made $100 000 pushing other garbage ass coins that a lot of people lost money on. I felt so stupid that I sold my Dash, even though I sold it. I literally made $77 000. I sold my Dash in five months off of one coin. Now, in most cases, you'd think I should have just been patting myself on the back. Like, damn, I'm a smart motherfucker. That's right. Yeah. Does all this guy do is say Pulp Fiction quotes? I haven't watched Pulp Fiction in a decade. It's just buried in here that deep. I felt so stupid for years for selling my Dash when it went from 87 to like over a thousand.
That regret is why I now measure everything against the long timeline, the same way I do in 21 Bitcoin in 2014 Is 550 ICP Today.
And to me, the worst thing that can happen with ICP is that you found this and then you exit it. And then when it goes, if possibly in some timeline, it goes to where it's going to go. And you see that shit a year, two years, five years down the road, and you're like, oh my God, I had 10 000 ICP. I'd be a millionaire now. And I fucking dumped it for a few thousand. Like to me, the biggest regrets in life are not about going for things, which reminds me, I need to be asking more girls out. Because I don't regret getting rejected. I regret not trying.
I regret this morning that I should have just went to coffee with this girl. I should have, if I wanted to still go to yoga, I was like 10 minutes early for the class. I could have just walked with her and kept talking to her and then asked for her phone number. If she says no, it doesn't matter. Because I'm not left at home wondering what might have happened when some hot girl actually opened me in a fucking plain ass t shirt that said the Jerry Banfield show on it. So, I don't know. This is not happening. Let's get this right. I'm so proud of my friend today.
I'm so proud of everyone in ICP that hasn't sold and for love of God, hold onto this shit and just stay on the ride because it'll be interesting to see who dumps prematurely. I know who's going to dump prematurely, but at least I can go multiple times after that. Like we can do this shit all night. But I'm talking to a bunch of dudes right here. So this is really, I need, maybe, maybe I can get some girls to step in a pool. All right, let's wrap this up. Thank you. I hope this is entertaining. If I make my videos like this, nobody confuse it with financial advice, would they?
Picture this in court, just playing this whole video. Like he was giving financial advice. Like he said, dummy bitch, like 10 times in the video. He said, fuck, like 82 times. How would you think of that as financial advice? More like standup comedy. It should tag it standup comedy. And he just likes hearing himself talk. All right, now I'm done.