Our guest this week is Mac Coins. Max is on to talk about crypto, and opportunities in DeFi. After the break we talk about Max’s experiences with a top streamer.
We welcome your questions – send them to us at [email protected], or you can find me at @RWM21 on Twitter or https://www.facebook.com/GamblingWithAnEdge.
Show Notes
[00:00] Introduction of options trader and crypto enthusiast, Max Coins
[00:45] Disclaimer about crypto and investing
[02:22] Max’s interest in crypto, De-Fi
[09:48] Trading completions
[17:58] Discord promotion and air drops
[23:21] Finding time for crypto
[25:45] Staking and yield farming
[36:10] Buying crypto in an IRA
[39:44] Would Max consider doing crypto full-time?
[41:36] Can listeners get Max’s advice?
[43:15] South Point Casino January Promotions – Spin to Win, MLK Hot Seat
[44:54] http://BlackjackApprenticeship.com – card counting training site and advantage play community with software and tracking tools
[45:34] http://VideoPoker.com/gwae – Gold Membership offers correction on most games, free Pro Membership trial for GWAE listeners
[46:43] Kim Hultmam, LetsGiveItASpin streamer
[54:15] Mr. Beast
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Previous GWAE Episodes Referenced:
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Total garbage.
No its all legitimate, thats why they use fake names.
This was such a fun one! I love learning about each & every way to gain an edge on all the available playgrounds we have access to with the internet.
Max Coins, if you see this I would love to get more information on this IRA-to-crypto situation. The implications there are insane!
Thanks for a great show!
You mentioned using an IRA to invest in crypto that allows u to have everything in local storage. Which IRA service do you recommend?
Knowing that the major stock market indices in the U.S. are literally at all-time highs in the DJIA, Nasdaq, and S&P 500 because the FED is printing currency like there’s no tomorrow it would have been great to hear Bob or Richard ask Max Coins how the crypto markets will fair if a major stock market crash is on the horizon for 2022. Will BTC and the rest of the crypto market go the opposite direction of the stock market in a cataclysmic stock market crash? Will hedge funds take capital out of the stock market and stuff it into BTC during a stock market crash? Or will hedge funds create put options to capitalize on the way down? The stock market cannot keep going up forever.
The IRA provider I’ve used is called IRA Financial (not sure about the link posting policy, but searching this will get you to the right place – they have a couple of self-directed “alternative investment” plans, and they are inexpensive to maintain. I’ve had a very positive experience with them personally.
As far as market correlation, Blitzkrieg, (and this was surprising to me initially, but on further thought it does make sense), crypto does correlate positively with market performance even though ostensibly it should be the opposite. This is likely a combination of factors, one being that asset inflation due to the Fed Ponzi will tend to affect not just commodity prices but also broader measures like real estate and stock valuation. Basically, anything that is “not dollars” will react positively to inflation (when those things are denominated in dollars). Another powerful factor is that psychologically, “risky investments” tend to be conflated by investors. This is why you see extreme correlation in dissimilar assets on big down moves. Everyone wants to “de-risk” into cash.
Personally, I think crypto is a great long term hedge against the ridiculous policy decisions that plague us currently, though yes, you have to be able to stomach the swings (or just ignore them, that’s probably the best advice for any risky venture, certainly true of gambling with an edge – the royals will come, don’t pay too much attention to daily results).
Not financial advice, obviously.
As a former federal bank regulator, ETH miner, and craps/poker fanatic, I have to say this was my favorite episode I’ve heard of GWAE. Thank you Max Coins for the great show. I am searching you out on social media to follow!