Trading or Gambling - Interview with Matt Zarb-Cousin

2024 ж. 9 Мам.
27 484 Рет қаралды

In the last two years there has been an enormous increase in online trading. For many people this has led to financial losses, and gambling addictions.
We talk to gambling expert and campaigner Matt Zarb-Cousin about the risk of addiction, and how people can keep themselves, and their money, safe
Follow Matt on Twitter: twitter.com/mattzarb?ref_src=...
For More Information Please visit:
Gamban.com
TalkBanStop.com
Cleanupgambling.com
SUBSCRIBE, SHARE & START A CONVERSATION
SOCIAL MEDIA:
WEBSITE - www.wealtheconomics.org
TWITTER - @garyseconomics
FACEBOOK - @garyseconomics
INSTAGRAM - @garyseconomics
Guest Appearance by Matt Zarb-Cousin
CAMPAIGNER & GAMBAN FOUNDER
Performed by Gary Stevenson
GARYSECONOMICS
Produced by Simran Mohan
MOHAN MEDIA

Пікірлер
  • I got 4-5 ads whilst watching this video and *every* one was an ad for Forex trading or ‘investing’. Shows just how blunt (or shameless, depending on what you think) the programming of the algorithm on social media platforms is.

    @J4ww44d@J4ww44d Жыл бұрын
    • Turns out AI is not as smart as they think!!

      @garyseconomics@garyseconomics Жыл бұрын
    • I have fancy YT for this exact reason.

      @Floshen@Floshen Жыл бұрын
    • Wait. 2 years. Buy Gold

      @seansweeney7643@seansweeney7643Ай бұрын
  • Did you know that nurses in the UK working 12 hours shifts who can't afford any property have to pay for their own parking at work . Executives at the same hospital get paid over £150,000 and have a zero risk job.

    @drjazz7278@drjazz72782 жыл бұрын
  • Just started watching this, but good to see people embracing the etiquette of taking shoes off inside the house. Basic hygiene! Thank you!!

    @mumitm8212@mumitm82122 жыл бұрын
    • Gary has definitely been around COP 😂

      @araweelospirit4180@araweelospirit4180 Жыл бұрын
  • Don't worry about the haters on ur utube channel, there's an old utube saying "if you got some haters on ur comments section? Then your channel is getting bigger. Much respect to what you doing with ur channel (I went to crap school so sorry about my gammer) 🇬🇧🖖

    @jonboymk1bridgemaryfront889@jonboymk1bridgemaryfront88911 ай бұрын
  • "The People's Economist" ftw! Tradespotting has a video on this exact topic too. Super thankful for you wealthy, young Brits/Scots helping us uninformed, millennial Americans learn about finance and economics. Thanks so much!

    @caity9278@caity92782 жыл бұрын
  • When I started my working life I was employed in a restaurant. Every evening a man used to come in for dinner. He ran a local betting shop. I used to say to my colleagues they have the pleasure and challenge of serving him. To top that they have the satisfaction of paying for his dinner. They all told me they win more than they lose. My answer was if the bookmaker didn't win he wouldn't be able to afford to eat here. Even worse some of them got into debt. Its addiction.

    @CloudhoundCoUk@CloudhoundCoUk2 жыл бұрын
  • I remember when the National Lottery was launched, I heard it described as a "tax on desperation" this made perfect sense to me, but I watched as a good friend played it twice a week, convinced they would win and having their hopes dashed each time they didn't win, I think that now there are more people more desperate, and just as the National Lottery held out the hope that an ordinary person could achieve financial security for a small outlay, the illusion of the person who is a naturally gifted trader who beats the big boys is just as beguiling to many as the gulf between rich and poor expands, leaving many stranded on the side where they will be unable to own their home or escape debt.

    @twogsds@twogsds2 жыл бұрын
    • Speak for yourself. I won the Euromillions - heating on full blast all day. Haha.

      @cameupstarvin7351@cameupstarvin7351 Жыл бұрын
    • Haha! „Tax on desperation” - good one 👍

      @alaksandrporakh601@alaksandrporakh601Ай бұрын
  • I've followed both you and Matt for some time, so this is the most ambitious crossover in history, you love to see it

    @MrWillyMrBrightside@MrWillyMrBrightside2 жыл бұрын
  • Knocked this one out the park, Bruv 👊🏾 Two things - please stop saying that you were a professional trader; we know, we're here. Do a one and done. You don't need to keep justifying your relevance. People can Google you if they doubt you that much. Two, this was a nice convo, but it meandered and repeated itself in parts. A little structure goes a long way. Keep banging them out 👍🏾

    @BoogieBrown@BoogieBrown2 жыл бұрын
    • Thanks for this advice, I think you are right actually. This was my first time being interviewER rather than interviewEE and I think I learnt that I probably need to do a bit more preparation to keep the conversation flowing smoothly. Matt was a great guest though and I'll learn for next time.

      @garyseconomics@garyseconomics2 жыл бұрын
    • This is only my opinion. I would argue it is a good thing he keeps repeating he was a professional trader because its the biggest indicator that wealth and the ability to buy power has not got to his head. Its what we call in the UK a chip on his shoulder and I am personally glad to see it in this instance. Its also understandable because he's clearly smarter and more driven than than 99.9% because he has the wealth to distract himself from all the depressing realities of life yet he chooses to try and tackle them head on. What a masochist.

      @Oldmanpeace@Oldmanpeace2 жыл бұрын
    • @@Oldmanpeace I hear you. In truth it's more the delivery, I'm concerned about more than anything else. But much of that can be covered in the write up. When you watch a Joe Rogan pod/vid - he doesn't have to state that he's Earth's highest paid podcaster - it begins to speak for itself. Either way, he's building and growing so more power to him 👍🏾

      @BoogieBrown@BoogieBrown2 жыл бұрын
    • @@Oldmanpeace i second that

      @AlexG-wk3nh@AlexG-wk3nh Жыл бұрын
    • ​@@garyseconomics To be fair on you Gary, the show is gradually getting slicker (I am commenting 7 months after this show went out) and I can see that you and the film crew are gradually learning the craft (which is really encouraging to see!). One thing to consider is going on a communication course, I have been on three myself over the years and they have all paid me back in spades every day thus far. I started off as a purely technical guy working behind a screen with numbers to a consultant who chairs meetings, steers clients, presents on gnarly topics, probably a similar trajectory to yourself (albiet my audiences are 5 to 50 people in a room - not youtube). Being a naurally freindly/garralous person you might think "why would I need that?" but just like in sport a little coaching can help you make the best of what you already have. I can see one of my own tendancies in your performance here: once you get excited about something you REALLY want to talk about it and explore a given subject up to its boundaries. I totally get that, however it can drown out the other person in the conversation if you lose sight of yourself doing that. One technique I employ is to think about what I am saying as if it were a newspaper article: I say the headlines first, pause and let them land with the other person. Then I say the introduction paragraph (set the scene and the premise), let the other person respond. After I have made my key points and got the key message across, then I might gradually unroll the "why" I reached those conclusions, introducing one "why" at a time. You might find a different analogy works better for you, this example is just food for thought. Breaking it down this way is easier for the interviewee to digest and easier for a youtube audience to take in. That said, the show content, and quality of what you and your geusts are saying is top-notch though, it really is something that people need to know and your approach is absolutely the right one. Some polishing is whats needed not a major re-think. Can't wait to see what you come up with next, good on you for taking this challenge on Gary, if I had made my millions I would want to do something useful with my time too and if this channel isnt useful then I dont know what is!!

      @Metamerist625@Metamerist625 Жыл бұрын
  • Ironically the ads in this video are for match betting.

    @ldn876@ldn8762 жыл бұрын
    • Algorithm at work. No doubt my (anti) Crypto video has adverts for crypto!

      @garyseconomics@garyseconomics2 жыл бұрын
    • @@garyseconomics its the learn to trade ads that keep popping up for me 🤣

      @jamesclarke5331@jamesclarke5331 Жыл бұрын
    • I guess KZhead just listened and make an oversimplified assumption. I don't think their AI is anything to fear just yet. 🤣

      @donmcleod8307@donmcleod8307 Жыл бұрын
    • Ads are targeted to you…

      @dazrigby4346@dazrigby4346 Жыл бұрын
    • Sandwiching content with ads that sell the opposite idea of the content you watched, is definitely a strategy

      @anguslaurenson7473@anguslaurenson7473 Жыл бұрын
  • Good conversation, Gary. Eating healthily - salads daily - sorted my trading anxiety overnight. It was also the missing link in overcoming my longterm addiction. I've not had a hint of depression since, but have had my biggest win recently. Yet the trading gurus won't tell you this simple truth because they'd be out of a job. There's a rare breed that can somersault a BMX 4 times. Who says we can't be the equivalent in trading if we do the work? Day trading is hard and people give up, but after studying gold for two years, it's scary how accurate you become. Respect to Gary for smashing it the hedge fund way, but there are the equivalent day traders. Everyone thinks their way is the best in all walks of life. Truth is we all have different skills and methods.

    @DavidElstob73@DavidElstob73 Жыл бұрын
  • As someone who's always slightly behind the curve due to being a bit risk averse, I often think "did I miss the boat on crypto"? But, then I think if every man and their dog is offering a course on how to get rich like they did (by selling courses!), something doesn't smell right. Ditto the above for NFTs.

    @easytoassemble54321@easytoassemble543212 жыл бұрын
  • Great video Gary and Matt. I’m only half way through it at the moment, but I’m currently reading a book by Symeon Brown about influencers and the attempt to monetise that influence - ‘Get Rich or Lie Trying’. This touches on many of the same themes

    @crayontom9687@crayontom96872 жыл бұрын
  • I’m been following Gary for a while now he’s awesome

    @lynnhickinbotham3784@lynnhickinbotham37842 ай бұрын
  • Great video. You covered the topic well. I worked in casinos for 25 years and there's definitely a crossover.

    @Guildarama@Guildarama Жыл бұрын
  • Excellent chat . I'm learning and understanding more about wealth vs money and the whole machinery with every video. Crypto and gambling is a pox on society, particularly in the lower-middle class. Gary: Have you thought considered doing a video on loot boxes/skins/mobile gaming and it's effects on both adults and children? And the easy lead in to gambling and "internet point" assets?

    @_GntlStone_@_GntlStone_ Жыл бұрын
  • Have a lot of respect for you Gary. But jeepers lay off on the “I’m an ex professional trader” and “”I was the best trader in the world “ thing.

    @allansmith1475@allansmith1475 Жыл бұрын
  • Thanks for this really informative discussion of the relationship between gambling addiction and diy trading, very interesting. I too know of a few people who have fallen for “get rich quick” schemes and come badly un-stuck! Ironically, I’ve been watching this on KZhead, punctuated by numerous adverts for online trading sites!! Keep up the good work Gary, you’re a bloody hero in my opinion. Well done for using your experience and legitimacy as a professional economist and trader to hopefully carry more influence than most so-called experts, especially in the media and indeed government!! I am advising my friends to heed your warnings about the state of our country going forward, and I have certainly witnessed the trends you have outlined over a long time now, this is just the penultimate stage of the process initiated in 1979………you’d think that by now the general population would have realised they seriously ****ed-up by keeping the same lot in power for most of that period. I also agree with your assessment that none of the major political parties in Britain are likely to do what’s required to make a real difference, anytime soon! Lots of excuses, but they really need to start bloody listening now. Best of luck to you.

    @markhazelgrove3964@markhazelgrove3964Ай бұрын
  • One of my favorite pastimes is trolling crypto shills on Reddit. It ain’t much, but it’s honest work. Don’t be someone else’s exit strategy

    @Floshen@Floshen Жыл бұрын
  • Ponzinomics! Great video. Only one caveat Gary, I also work in the City (have been for 20 years) and in my honest and anonymous opinion, the Equity markets are also fundamentally rigged, especially in the HFT World. There is no way, only physical commodities have a modicum of value, everything else become speculative.

    @AndyBarbosa96@AndyBarbosa96 Жыл бұрын
  • It was really helpful video. i am forex day trader and always make a win day to lose day by over trading. now i know that i was gambling. Today morning i was thinking what should I do to Stop this circle then i came to see your video in KZhead accidentally. although English is not my mother language and i may understood about 70% of what you said but it was so informative and helpful.🙏

    @lhz2124@lhz21245 ай бұрын
  • I watched it, did not buy crypto... And now I am poor... Thank you. My friend bought all in crypto BTc, eth and other alts and he is rich. Good job guys

    @danceandtense8045@danceandtense8045Ай бұрын
  • Picking up on one comment, "there's no mathematical way to win at blackjack", I think that's wrong. Famously, blackjack is the one casino game that is beatable. (Or at least used to be, I'm not recommending anyone try it nowadays. Apparently the casinos have changed the rules to make it harder, and they ban people who are good enough at card-counting.) See the 1960's book "Beat the Dealer" by Ed Thorp. I agree with the overall point that was being made about casino games, it's just unfortunate that Blackjack was included as an example.

    @cjk472@cjk4722 жыл бұрын
    • Yes if you count cards you can beat in-person blackjack, but you can’t do that online. And without doing so there’s a 0.5% house edge even if you play with perfect strategy

      @mattzarbcousin@mattzarbcousin2 жыл бұрын
    • Then there's poker, where you take other punters' money, which you can actually get good at and win

      @plebjames@plebjames Жыл бұрын
  • Gary Thanks all your efforts preparing these videos, It is so refreshing to hear your practical common sense, Please can you think about setting up a financial service where we can invest in a fund which will in turn invest in property, So that the time it takes us to save up a deposit for a property of our own, our savings can be put to work in a property fund, So if we save say £50 k, over a period 3 years, That investment in a property fund may be worth £55 or 60 k by the time we need to put it down on a property

    @simonani7806@simonani78062 жыл бұрын
  • The number of ad's I got during this for trading platforms and MLM's. Not sure if that is scary or just sad. TY for your work

    @GreenLarsen@GreenLarsen Жыл бұрын
  • I’m on IG whilst watching.

    @OopsDidIDoItAgain@OopsDidIDoItAgain8 күн бұрын
  • I think you should have let Matt speak more, you kept sort of interupting. Some times you need to give others space even if your passionate and have thing's you think are important. Thanks for the video again, very Important conversation's.

    @bencobley4929@bencobley49292 жыл бұрын
  • 35 years ago I worked in the City at Big Bang. Some of the traders I knew were self confessed gambling addicts. Always thought it was like an alcoholic owning a pub. They were good traders but not the best...

    @thrift154@thrift1542 жыл бұрын
  • Trading really isn’t rocket science in reality, price can either go up or down. What makes it difficult is a failure in having an edge in securing your profits and managing your drawdowns/losses. Most people don’t realise that they don’t have a successful edge and that’s why they lose in the long run Others fail to execute their edge - psychologically flawed Who says trading is impossible to win long term? Quant Traders literally automate their trading systems for whatever time frames - from tick charts to longer term swing trading to investing. Just because you can’t do it don’t discourage others imo. Just tell them honestly that it is extremely difficult but it’s not impossible as you have previously done it successfully and from what I can see you both have two arms, two legs and a head on your shoulders just like me.

    @justinuwaidia5873@justinuwaidia58736 ай бұрын
    • Also, betting that rates will stay at 0% post financial crisis for consecutive years sounds like a massive gamble to me personally. You just took no risk and is probably why you’ve stopped trading since then. Because you got lucky and now your set for life.

      @justinuwaidia5873@justinuwaidia58736 ай бұрын
    • Looking at charts tells you more about the markets than fundamentals for the simple reason that there are an infinite number of factors that can affect a particular financial asset. All these can’t be accounted for, whereas, where buyers previously bought from and considered cheap will always be reflected on a chart.

      @justinuwaidia5873@justinuwaidia58736 ай бұрын
  • Informative. You are doing a fine job. You may have to write another book.

    @dover121@dover121Ай бұрын
  • It sounded more like you were the interviewee over half the time. But valid points you made all through. Just felt like you were lecturing the guy you invited, which looked rather weird.

    @abinadabagbo1603@abinadabagbo1603 Жыл бұрын
  • Pleased to see that someone who no doubt appeals to the younger investor has a realistic view of crypto. It's refreshing, and like you, I do get why the younger 'investor' is drawn into the dream, when they perhaps have little chance of doing as well or better than the often quoted 'boomers'. Hopefully they are listening, and try a more traditional approach to investment.

    @grahampearce2405@grahampearce24059 ай бұрын
  • A realistic discussion!

    @placey7167@placey71672 жыл бұрын
  • The difference between a trader and a gambler is whether you win long term. You can’t differentiate a trader from a gambler. You also can’t buy a house in your lifetime earning 5-10% a year

    @GBRplank@GBRplankАй бұрын
  • I learned long ago that the traders make the money - only they and the rich can risk shorts, and you have to make profit in both directions to win. If I don't have enough saved, no amount of gambling is safe, and without the massive info needed, it's a crap shoot. Best to stash what you can in gold coins. Portable, easily turned to cash wherever you land.

    @inaruboricua@inaruboricua Жыл бұрын
  • Gary, what do you think about crypto now after the SEC approved spot bitcoin ETFs?

    @despatrick5602@despatrick56022 ай бұрын
  • Discovered your channel through Lad Bible. I am really enjoying your content. However, I would appreciate it if you could allow your guests to finish their point before interrupting them, even though this content is 2 years old.

    @rocogo@rocogo7 күн бұрын
  • Hey Gary, just found your channel. Really interesting points. Re crypto, do you think there is a credible case for money which is independent of government/central bank control and the inequality it perpetuates?

    @d0palwh56@d0palwh562 жыл бұрын
    • Money is inherently political, tho. It is one of the functions of a state and a means of exerting control and power. From the perspective of that state it's not something they would want to cede control of.

      @sichambers9011@sichambers9011 Жыл бұрын
    • Remove the word money for a second. Something so necessary for daily life, how would you feel it being decentralised outside the government laws, imagine it’s water. Aren’t we going to see what’s happening currently happening of extreme abuse by wealthy people?

      @araweelospirit4180@araweelospirit4180 Жыл бұрын
  • I have to admit that I invest in crypto but thinking of long-term just to diversify my investment portfolio. I just PCA per month while combining with savings, ETFs and ISAs. I know there are risks but I am okay with that as I am thinking for the long term. Thanks for the video and just speaking about what you believe in. Keep up the good work.

    @nls8508@nls85082 жыл бұрын
  • KZhead is trying to stop people from watching Gary they putting 1 minute ads on that you can't skip

    @economicspredictions5979@economicspredictions59798 күн бұрын
    • Strange-I’m not seeing any ads at all on #Gary’seconomics

      @mark1234559@mark1234559Күн бұрын
  • Currently putting in a reasonable affordable amount into various ETFs each month. Would you consider this low medium or high risk? All new to me

    @chrissheffield3676@chrissheffield36762 жыл бұрын
  • In short. If you're trading with other people's money, and have a salary etc. for doing so, you're a trader. If you're losing your own money and only the bank knows, you should.."stop it. Get some help. -MJ

    @saliverdis@saliverdis Жыл бұрын
  • I think the big thing about people getting defensive when you critique crypto is not the fact they don't like to be told its a "bad bet" but its more they don't like the realisation that they've essentially been scammed. They've been convinced their risky bet is a sure thing when its not! There's also alot of rich people saying I became rich by taking risks. I took a million risks, and I got there in the end. But luck has is a huge part of it. They also say. "I can do it so you can do it too".

    @jamesclarke5331@jamesclarke5331 Жыл бұрын
  • My goodness I've seen so many trader ads

    @scudhoppa@scudhoppa Жыл бұрын
  • Generally speaking, you're definitely right about crypto. However, the only exception (in my opinion only) is bitcoin. I really think its here for the longterm. When you look at the way its derived and that there's only ever going to be a finite amount made, along with the 4 year halvings to combat inflation...its sturdy (as far as it can be). However, despite that, I still wont buy it directly but only invest in the listed companies that mine bitcoin. To me it's like investing in Shell/BP instead of buying barrels of oil. Crypto is so risky but I reckon btc is worth the risk.

    @froggy2341_@froggy2341_6 ай бұрын
  • I enjoy so many of your videos. Bitcoin is a real working network. There are of course scams but you have to admit bitcoin is a new thing in history. It doesn’t seem like you have taken the time to look. Seems to me bitcoin specifically is a working model for a problem very smart people have been trying to solve for decades. Digital scarcity and a permanent, open, publicly auditable ledger. I don’t want to make mistakes and I don’t trade. Writing the whole thing off as a scam, seems too much.

    @richard7945@richard794511 ай бұрын
  • Trading is and allways will be a form of gambling. The difference is, the people who are regularly profitable at it have learned a set of skills which give them an edge. The most important skills are money management and psychology, then technical and financial analysis comes in, but the most important are the first 2. The purpose of trading is making money -consistently- that's the magic word. Crypto is just one vehicle, there are tons, some people like fx better, the important thing is not to get emotionally involved. A day trader is not a swing trader and is not an investor, it is important to learn and understand how each different modality makes money - consistently - and exploit that. The UK treats spread betting as gambling for tax purposes, so for someone who learns how to trade that is a huge advantage

    @joerodriguez5880@joerodriguez5880Ай бұрын
  • Now that you have had 12 months of reflection, what do you think about Crypto V gov issued CBDC's? Does sound like digital value of exchange is here to stay, no?

    @martinhahnheuser4752@martinhahnheuser475211 ай бұрын
  • Hmmm ... slots , horses , match betting are random . Is trading using a chart random if you have put the hours into learning the fundamental skill ?

    @jamesdawson3780@jamesdawson3780 Жыл бұрын
    • You can also make charts for the slots...

      @garyseconomics@garyseconomics Жыл бұрын
  • Gary, are you aware that one of the adverts shown during this video was for an ISA offering a free £50 voucher for online trading?! Exactly what you mentioned and criticised in your video!

    @joshrowe1988@joshrowe198810 ай бұрын
  • People generally find it difficult to admit mistakes, even more so with costly ones. We're seeing a lot of this with crypto. Either people proselytising in the hope that their crashed coin investments will recover and some of them in the full knowledge that they only way they'll be able to cash out at a profit is if they can talk the price up.

    @calmeilles@calmeilles Жыл бұрын
  • the first time gambling was legitimised was when they changed or the law on advertising gambling - when the lottery started - it could be you - now gambling ads are on every day

    @shaky2522@shaky2522 Жыл бұрын
  • Problem gamblers, subconsciously, are in love with the pain of losing. People cannot be 'protected' from their own psychology.

    @michaelcorrigan4625@michaelcorrigan4625 Жыл бұрын
  • Interesting discussion about Crypto. However I don't believe it's pie in the sky as the WEF talk about it. The Federal Bank (America) also has a crypto currency. What I do know is Governments/Corporations etc will be in charge of this and not a group of tech savvy people creating their own Ponzi Scheme.

    @simplesimon5739@simplesimon5739 Жыл бұрын
  • This conversation roughly two years old now. I'd be interested what Gary's opinion on crypto is now?

    @Mr_CMH@Mr_CMH2 ай бұрын
    • The market can stay irrational longer than he can stay solvent 😂

      @Ikaros23@Ikaros2325 күн бұрын
  • Some incorrect statements here - some professionals can win at blackjack - until the casinos ban them. Lot of people own crypto for the long term - the whole origin of HODLer. I don't think crypto is a scam tho most of it is. I know from harsh experience that I can't win at horse racing. I think if you are cautious and follow guys like Bob Loukas you can definitely win at bitcoin ownership.

    @chrisj8764@chrisj87642 ай бұрын
  • Gary....Gary...love what you're trying to do i.e. demystify the world of finance for the ordinary punter. However, you're a trader, not an interviewer. It's a skill you can acquire with practice and training. Get some. Your active listening, if you play back your interviews, is poor, if you don't mind my saying so. You interrupt your guest and then what follows a diatribe and yet another mention that you've made millions. Your real message, which is so important, gets lost. I hope you hear what I've said.

    @MrDesmond3@MrDesmond3 Жыл бұрын
  • Hi Gary :) your long term investment advice rings true but we have to decomodify housing or we (given a lot of people are generation fucked) people 'investing' in housing means we are even fuckter each year , i know you said a house to live in but i hope you can see linking it to investment, seeing it as an investment is just more ponsie, isn't it ?

    @ricclark8162@ricclark81622 жыл бұрын
    • Absolutely this. The commodification of land and housing can be linked to why we're gambling on crypto currency today. I'm fine with investing on stock market or gold etc if we must, but it seems deeply unethical to keep the housing Ponzi going. Owning an extra house you don't need, with the aim to profit of someone else's need, impacts all of society. I don't blame individuals, as it's the current game. But I blame those who devise the game. We need to legislate to de-commodify housing (across the world ideally)

      @daftjunk2008@daftjunk20082 жыл бұрын
  • Ive actually made money shorting the FTSE. About 3 grand. £1O per point. Naughty and I wouldnt reccommend it as you have to watch it go down aswell as up. Pretty emotional.

    @bencobley4929@bencobley49292 жыл бұрын
    • Jesus, I would not have the stomach for that. Glad it went well for you though.

      @leeoreilly6797@leeoreilly67972 жыл бұрын
  • Gary great video, love your content in general, but you got a habit of, starting so many sentences with "I former professional trader", u might be addicted to saying that. Lol

    @J-oker251@J-oker251 Жыл бұрын
  • Gary - how’s your Bitcoin short position?

    @handcrafted30@handcrafted30Ай бұрын
  • Ok you explained later in the video the tips you gave and how they lost money, my apologies.

    @haydnlawrence8167@haydnlawrence8167 Жыл бұрын
  • Putting your money into BANKS is a waste of Money. That is why CRYPTO has a platform.

    @kevinkowlessar5023@kevinkowlessar5023 Жыл бұрын
  • We should all decide a week where everyone stops going to work. That would create a panic for the governments and the wealthy. Even for a day!

    @BubblegumCreepydoll@BubblegumCreepydoll Жыл бұрын
  • Been saying for at least 3 years crypto is the new ladbrokes. Former gambler. Working men ,regular tradesmen and labourers ect open your eyes . The bookies is rigged against you . Crypto- do you actually know anyone that has profited !!! Personally i think the odds are worse than the bookiies and the risk higher. Most people walk out the bookies poorer except occasionally. Occasionally making a profit doesn't cut it period. Leave trading and Gambling to the professionals

    @marksantillo@marksantillo24 күн бұрын
  • 10:39 it's the age of lure of the get rich quick but crypto has it's uses which have been demonstrated. The long terms use cases are there but only the future will tell but people 'have' made money.

    @SmartfoolGB@SmartfoolGB11 күн бұрын
  • Touches his face ALOT

    @fmalexander5555@fmalexander55557 ай бұрын
  • If I was Musk et al then crypto wouldn’t be a risk. Anyone else, wouldn’t touch it personally.

    @sestrelbethesda9450@sestrelbethesda94502 жыл бұрын
  • It sounds like a new version of the old pyramid scams.

    @RonaldChump@RonaldChump Жыл бұрын
  • I thought the guy is his cousin for half the video.

    @debayumukherjee7057@debayumukherjee7057 Жыл бұрын
  • This is a great video but you could do with being a bit more mindful of allowing Matt to finish his point before making one of your own. Spot on with everything yous both said though :)

    @andrewwatson3868@andrewwatson38682 жыл бұрын
  • So Garry asks why his friends are loosing money off winning tips. Why is this such a surprise for a professional trader? Those trading from home are often trading from retail systems designed to loose money. They are not even trading against accurate data or accurate market info. Even professional traders loose with good systems and trading platforms.

    @EasyMoneyLondon@EasyMoneyLondon Жыл бұрын
  • Dear all,these guys are being honest, however,still nothing useful.Sorry to enlighten but it takes time.I am 66 ,goldsmith. I came to US in ‘81 at 26.I developed my carpentry skills.Between these skills and hard work my wife and I built a large strawbale 6500 sq ft house in the country(still needs some work).I love to surf,always juggling time love family,friends….life is a combination of our desires and achievements. It is not a bet or even some clever trade it is so much more❤❤❤❤😊

    @timlambert5165@timlambert5165 Жыл бұрын
  • My frustration is that there is a world of difference between Bitcoin and degenerate altcoins and Gary hasn’t taken the time to understand the mechanics. Much of the other stuff he’s talking about here is sound but there is some conflation going on and that’s only to do with a lack of effort on his part. ‘Buy a coin with my face on it’ 🤦‍♂️ No discussion about Btc use-case, that’s pretty embarrassing for someone who purports to be interested in attempting to fix our system of money.

    @northwestcoast@northwestcoast3 ай бұрын
  • Ive got some Crypto, £1200 it's now worth £972. I can't see it going up at all. There's literally no reason for people to get involved in it. I will leave it incase we have another speculation jump but only because it's not money im worried about loosing.

    @bencobley4929@bencobley49292 жыл бұрын
    • How much do you have left now?

      @90s_dreams@90s_dreams Жыл бұрын
    • @@90s_dreams £570 last time i checked. Split between Bit coin, Etherium, Ripple and Tron.

      @bencobley4929@bencobley4929 Жыл бұрын
  • Excellent content

    @stevespeak1007@stevespeak1007 Жыл бұрын
  • Beany babies. Thats all im gonna say. 😂

    @Padraigp@Padraigp2 ай бұрын
  • Hi Gary, new follower here just come across this video, without trying to sound defensive, I'd like to hear if you have updated your world view since Bitcoin has just hit all time highs against most currencies today, I've been working class for the past 12 years and investing in this space has taught be how to manage risk and take more care of my finances, whilst I agree there are risks and the swings are not for the faint heart... I don't see any other way for most millennial's now who are stuck with a 200k+ mortgages and a 9-5 can figure out how to accumulate real world assets at the same rate our parents did without dipping into the highest appreciating asset class of our generation.

    @0xBrennan@0xBrennan2 ай бұрын
  • Why you are not talking about countries of Africa, Latin America Russia, china, where crypto is the only way to economically escape from disasterous goverments?

    @danceandtense8045@danceandtense8045Ай бұрын
  • meanwhile... all the adverts on this video are exctly the thing you are arguing against?

    @kevyboy007@kevyboy0079 күн бұрын
    • As KZhead correctly identifies the viewers of this video are likely to be into trading and therefore the ad is more likely to make a sale, this in the eyes of KZhead and their advertisers it makes them money. Watch a video on gambling addiction and the casino ads will pop up unless you have them switched off. I watch videos on corporate auditing fairly frequently and I get bombarded with KPMG adverts. There’s no conspiracy going on here, it’s just optimised tailored advertising.

      @TheMaskedMuller@TheMaskedMuller8 күн бұрын
    • @@TheMaskedMuller 100%

      @kevyboy007@kevyboy0073 күн бұрын
  • YOU DONT UNDERSTAND BITCOIN ENOUGH TO GIVE OPINIONS 🙃

    @bitcoine@bitcoine2 ай бұрын
  • The safest way for joe bloggs has been known for a long time is to pay as much as you can tax free in a good pension scheme and let time do the rest. Takes 20 years though 😅

    @daves301@daves30111 ай бұрын
  • Are you both wearing pyjama bottoms?

    @showboy4431@showboy443111 ай бұрын
    • The question is why are you NOT wearing pyjama bottoms??

      @garyseconomics@garyseconomics11 ай бұрын
  • I like how Gary behaves as if he is alone in his bedroom

    @investinnnnn@investinnnnnАй бұрын
  • hang on you defo can mathematically win at blackjack

    @icrlp0570@icrlp05702 жыл бұрын
  • 6.44 "i've made a lot of comments saying i think crypto's a scam. i'll get a lot of negative comments for saying that." YES YOU WILL DONT FIGHT THE FUTURE

    @icrlp0570@icrlp05702 жыл бұрын
    • All crypto is pump and dump just a easy way to make quick money .

      @90s_dreams@90s_dreams Жыл бұрын
    • @@90s_dreams look whats happened to the price since then though the facts dont lie. its EVEN BETTER value now than before

      @icrlp0570@icrlp0570 Жыл бұрын
    • @@icrlp0570 looking at my charts seems like its going nowhere fast infact last 150 days its just been ranging, the only way that's going up if people start investing into it which i doubt will happen becouse people too scared, i don't even trade it anymore and if i did i only be selling.

      @90s_dreams@90s_dreams Жыл бұрын
  • Were you a former professional trader? lol. I so agree with you about crypto. It has no substance.

    @virtualunreality8326@virtualunreality83262 жыл бұрын
  • Desperate for though Gary? Are they desperate to provide a roof over their head and supprt their family or desperate to floss on IG with cars and watches?

    @1Carly@1Carly2 жыл бұрын
  • Obviously your mate Gary, and I like your message. But keeping friends with the hoodwinking rich who you made your fortune with will not accelerate the growth of your KZhead advertising side-line. My faith is shattered now.

    @johndance555@johndance5552 жыл бұрын
    • I am sorry to hear that John. Here is one of my favourite songs to make up for it: kzhead.info/sun/Y6yel8hsr4Cchac/bejne.html&ab_channel=LeonBridgesVEVO

      @garyseconomics@garyseconomics2 жыл бұрын
    • Hi Gary - “thank you” for all your blogs - I’m so confused as I’m being hounded by a trader(?) to invest, I can’t afford to lose any money as I have family(mum/siblings) to help and feed my local homeless - can you pls advise me - would u day buying Gold bars be a safer investment pls help advise me TYIA

      @lowlosborne918@lowlosborne918 Жыл бұрын
    • ​​@@lowlosborne918 his advice on his investing video says if your struggling, just keep struggling and don't invest. you're already doing the best you can

      @aviduke@aviduke Жыл бұрын
  • i can sell you some shoes!!!!!!

    @kevinateague@kevinateague Жыл бұрын
  • The whole economy is becoming like crypto. Super confusing complicated, shadowy gray areas, with plenty of blokes willing to skim. It's rubbish in the end.

    @jaysphilosophy1951@jaysphilosophy19514 ай бұрын
  • Crypto is a decentralised technology but greed gets in the way.

    @rof8200@rof82002 ай бұрын
  • 😂🤣 Yeah winning tips Gary but all your friends lost money.😂🤣

    @haydnlawrence8167@haydnlawrence8167 Жыл бұрын
  • Agree crypto is a scam. And never bought in. But it is being legitimised. It’s now an official currency in El Salvador, for example. I still won’t buy in, even as an FX trader.

    @Garcia061@Garcia0613 ай бұрын
    • Bitcoin is a hard store of value though, sound money, digital energy. Kinda Luddite type thinking right here

      @northwestcoast@northwestcoast3 ай бұрын
  • 20 year olds are Ceos, just based on that, you could tell crypto is a scam

    @investinnnnn@investinnnnnАй бұрын
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