Your crypto investing sucks, and I want to help you make it better, because I'm tired of seeing you all get ripped off in every way you could imagine in crypto. I know that for many of you, this is the truth you don't want to hear. And I find that when I listen to the truth I don't want to hear, that's when things can actually get better.
First, let me tell you about my own crypto investing
My crypto investing is killing it. I took a portfolio from $0 to $50,000 in just a year doing $50 a day dollar-cost averaging, and I've made it ultra simple so anyone can follow along. It's not complicated. Anyone literally can do exactly what I'm doing. I've made profits in crypto ten years in a row, so I've seen what really works. I got wrecked my first year in crypto, and I learned from it, and that has never happened again. Now I want you to have similar results, and I'm in a position to judge what else is going on in crypto pretty well.
Here's what I see. I go into YouTube and I look at the videos you all are watching, because my YouTube Studio shows me the videos my audience watches. And I'm like, oh my God, y'all are watching such garbage. You're watching blatant clickbait. You're watching stuff from paid liars, from people who don't know what they're talking about, and from people who are doing anything to get you to click. They don't care about you at all. It disgusts me, because you watch this, then you lose money, and not just the money but your time. Every single video I saw my audience watching this week was either from creators I know to be paid liars, or from people who don't know what they're talking about, or it was a blatant waste of your time.
What regular people should stop doing in crypto
In my opinion, regular people investing in crypto should never be looking at charts, should not be hunting airdrops, and should not be trying to figure out what the price is going to be next week or even next month. Most of all, I believe most of the coins in crypto are absolute garbage. They are basically copies of Bitcoin and Ethereum. They didn't innovate anything fundamentally on a technological scale.
Most of you don't realize that, the way I see it, almost all of crypto and decentralization is a big fat lie. Almost everything is built on centralized services and has a single developer or entity who has true control over everything. Admins with backdoor keys that can do anything they want to the blockchain. Nodes that are centralizing transactions on Ethereum. A small handful of developers on Bitcoin who control the official GitHub. Big mining companies and pools that control even Bitcoin, so it's not that decentralized either. And most of the attention is in the wrong places. Even when people are giving you good information, which is infrequent, they're usually pointing you in the wrong direction, toward information that's not relevant for where I think the future of crypto is going. In other words, you're consistently wasting your time, missing the best opportunities, stressing yourself out, and then losing money.
And I want to help you. I have a little bit of a savior complex, that's definitely a thing. I want to help you all do better because some of you I have one-on-one calls with, and you're telling me, "Jerry, I don't know how much longer I have to live, I'd like to do well with my crypto investing." I've had calls with some of you who say, "I have tens of thousands of dollars in crypto I can't access." Thankfully, in some cases, I've been able to help get that back. So that's what most of you are doing, and here's what I think you need to do instead.
You're playing a game that's rigged against you
One more thing. Y'all are always looking for these little altcoin gems, especially meme coins, or these degen plays, or these narrative plays. You're playing a game that's rigged against you. I've been to some of the highest levels in crypto, and I've seen how much lying there is, how much cheating there is, how much pay-to-play there is. The one rule is you never tell the people how much they're getting ripped off and what they really need to know. And I violate that one rule, because I just can't stand it. I don't care how much money I make if it means other people are getting screwed, because I think of you all as my neighbors.
I don't want my neighbors getting ripped off and losing all their money in crypto, because then when I'm sitting here wealthy, my neighbors are going to be looking to steal stuff from me, or they're going to need me to give them money, or they're not going to be able to pay to maintain their house. That's why I don't want my neighbors getting ripped off. I want a world full of wealthy people, because wealthy people can't be tricked into going to war. Occasionally they can, but for the most part, people who are wealthy are not going to be tricked into going off to war, doing crazy stuff, or hurting other people. Wealthy people, for the most part, are going to be more cooperative and peaceful and ask deep questions about life.
Most of crypto, to me, is a scheme, a plot to rip you off. However, there is some real value in crypto. There is some real opportunity. That little bit of truth is just obscured by a whole bunch of garbage. So that's what you all are doing: constantly hunting for altcoin gems. Most of you have way too many cryptos. You've got 5, 10, 20 of them in your portfolio, and you try to believe in them all, and in many cases they all suck. You haven't even researched them. You're letting your crypto sit on exchanges where it's not even really your money. You're doing crypto so wrong, and I'm going to break down how I'd do it right.
The two or three things that actually matter
This is what I'm doing for myself, which is the most honest thing I can possibly present. I imagine you are a grownup, and I trust you to take this as educational material you can use to learn. That's what you really need to do in crypto, is learn, because a lot of the stuff out there is just garbage.
When you strip off all the other crap, to me there are about two or three things that really matter in crypto. One is the technology. Is the technology worth using by itself? If you strip away all the marketing hype and all the speculation, is the technology by itself worth using? I only see one single crypto where that's the case, and maybe there are some small niche use cases beyond it. What you really should look for in crypto is blockchain singularity: out of all these coins, which one is best positioned to consume all the rest and to be number one based on technology? That's what you really need to find, and everything else you don't need at all.
Two: which crypto is onboarding people for the lowest cost? And that goes back to number one, because if the technology is so far advanced beyond anything else, if it's so genuinely useful to humanity, then people will build on it because it's the best option and not because of marketing hype or lies or because everybody else is doing it. Once people find it, they'll build on it because there's truly nothing else better.
One of the keys to those two things, and arguably the third thing, is the team. Not just one face or marketing, but who has the largest and best research and development team behind their project. If I want to invest my money where the most talent is innovating, researching, and making breakthroughs in cryptography, doing what nobody else is doing, that's where I want to be. I don't care if you copy a blockchain or fork it and make a couple of changes. Getting honest with yourself about what you actually own is the whole game, which is why I keep coming back to the idea that you have to get honest about your crypto investing before anything else.
Crypto is like the Super Bowl, except the winner takes everything
Think about crypto like football. It's the Super Bowl today, so think about crypto like football, except if you pick the wrong team, you lose everything. It's not like, well, maybe your team will win and you double down your bet on every game. If you pick the wrong crypto, the winner takes everything. For example, eight years ago all you had to do was buy Ethereum and it thousand-X'd. You literally didn't need to buy anything else. You could sit there, buy Ethereum, watch it thousand-X, and you're done. Smart crypto investing, to me, is to identify what I can buy today that in eight years is the blockchain singularity. To figure that out, all you need to do is look at the technology, the actual technology, the team, and the organic marketing setup behind it.
If you've seen my videos before, you know where this is going, because I'm talking about Internet Computer Protocol, for all the reasons I just said. The technology in Internet Computer Protocol is so good. They've made all kinds of breakthroughs in cryptography, and I've done a ton of videos about it. Before you take anyone's word, including mine, the right move is to do your own research on the actual technology and team rather than the price chart.
"If it's that good, why isn't everybody talking about it?"
The first thing you're going to say is, well, Jerry, if it's actually that good, why isn't everybody talking about it constantly? Remember, I said crypto is full of paid liars, full of people who don't know what they're talking about, and people who are wasting your time. Now go back to the idea that there's one crypto on the path for blockchain singularity, with the largest research and development team in blockchain and by far the best technology. Think about that yourself. Why wouldn't everybody talk about that?
Think about many of the other people doing videos like this. They have accepted huge amounts of money. They have accepted huge payments in order to talk about specific coins. Many of those coins are houses of cards. They're built on continuously paying all kinds of people to talk about their coin and hype it up, and paying developers to build on it, when really they're not even building hardly at all on the chain. They build a tiny little thing to connect to the chain, then build almost all the rest of it on centralized web hosting. There's only one platform that, to me, is truly worth building on organically, and that's Internet Computer. When developers find Internet Computer, and I'm watching their videos and talking to them, they're saying ICP is the future. It is the most lucrative opportunity they see as a developer right now, because this is where the internet is going and this is where developers are needed. Think for yourself.
Why wouldn't everybody just tell you?
Why wouldn't everybody just tell you Internet Computer has the best technology, the biggest research and development team in crypto, and that they're onboarding users for free? They onboarded me completely for free, and I've put out videos to millions of people talking about it. Why wouldn't everybody tell you about that? Because all these other altcoins, which are mostly scams and ripoffs with no real value, would all get destroyed. Who do you think is holding all those other altcoins? Not only that, but you wouldn't need their videos anymore.
If everyone simply took the same approach as me: I've got 3,333 Internet Computer locked indefinitely, a minimum of eight years, and I have over 500 liquid. That's $50,000 in Internet Computer, which is 97 or 98 percent of my portfolio, and all my other coins are on Internet Computer as well. If everybody just told you that, you wouldn't need to watch their videos anymore. Remember, I built that from zero, just putting in $50 a day starting a year ago. I've basically 3 or 4x'd my money, because I was dollar-cost averaging and put all my crypto into Internet Computer at $3, and it's gone up a bit since then. That's because I identified, based on my research, that this is the only real thing in crypto. If everybody else told you that, all these other altcoins would get destroyed and be dead forever, and all the people holding big bags of those would get wrecked, and Internet Computer would go up, and then you wouldn't need anything else except maybe a couple of my tutorials on how to use it.
You see, crypto as it is right now is a whole game out there to distract you from the real value. All these other videos are meant to steal your time, energy, and money, when successful crypto investing with ICP, in my experience, is insanely simple. You can put all your crypto in one wallet. You can have it on all your different devices. You actually get 16 percent APR if you lock it up as long as I have. To me, it looks like the only crypto that, eight years from now, you're going to wish you had bought and held on to, and it's that simple. The way I see it, almost every crypto except ICP is a meme coin dressed up in a different story.
Of course, everybody can't tell you that, because it would cost so much money across the board. All the regular people watching crypto would get rich off it, but all the influencers and all these crypto companies would get annihilated. It's just normal. People want to survive and make as much money for themselves, and unfortunately many people will do that even if it means you pay the price. I'm here to point you in the right direction, because to me, crypto is simple once you research Internet Computer and see what it can do. All other crypto looks horrible by comparison, which is why I sold everything and went all in on Internet Computer.
"Never go all in, don't marry a crypto" — here's why I did anyway
Some of you are like, well, you should never go all in, don't marry a crypto. That makes sense if you think all crypto is crap, that it doesn't have any real value and it's just gambling. But if you see there is some real technology, what's special about Internet Computer is that it's the only platform that's an everything platform. You can build your website, your database, your videos, your NFTs, your code, your games, all of it totally on chain. The CEO of Coinbase said that on-chain is the new online, and Internet Computer is the only place you can do fully on-chain. So to me it's clear: Internet Computer is the future, and everything else is a distraction.
How I actually use Internet Computer
If you want to learn more about how to use Internet Computer, here's how I do it. The first thing you need is an Internet Identity. That is your wallet. That's where I keep all my ICP. So you get an Internet Identity and set one up, and if you're new to ICP, follow a step-by-step beginner guide to get started. Then you set up the Network Nervous System to stake your tokens, earn 16 percent APR, and use the tokens.
I'm locking mine up indefinitely, because at 16 percent APR, if I ever want to sell, I can just sell my entire account. It might cost me 10 or 20 percent, but I'll earn so much in voting rewards that even if I have to sell my ICP account for less than the ICP I have in it, I'll still make way more money in ICP than I actually put in. So to me, the only logical thing to do is go all in on Internet Computer and lock it up indefinitely. If you ever want to keep some liquid for the short term, I've got about 500 liquid for that, and I lock everything else up. If you ever need to sell, you can sell the whole thing.
My website is hosted on Internet Computer too. I've been in marketing since 2011, and this is the best place I see anywhere to host a website, and believe me, I've looked a lot of places. It's almost free to host a website on Internet Computer, and if 100,000 people come through my website in a single day, it won't crash. That's how good this technology is. Developers who are actually in there using it, and I'm not a developer, but I watch and listen to them and developers schedule calls with me, are saying the same thing: "How did nobody tell me about this?" Well, now you know.
My goal is to save you from the ugly world out there and to help you make a real difference in your life. If you want the best experience and want to talk to me directly about any of this, you can schedule a one-on-one call with me and go down the Jerry Banfield rabbit hole. If you enjoyed this and want to keep going, you can watch more of my honest takes in my Money playlist.