Latest / Triple Da Money / $50 TO $100,000: CRYPTO VS BETTING VS STOCKS

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$50 TO $100,000: CRYPTO VS BETTING VS STOCKS · Triple Da Money

• 0:00
  SPEAKER_03: Welcome to the biggest argument of our generation.
• 0:03
  SPEAKER_03: I have$50 and these two are gonna let me know what to do with it.
• 0:07
  SPEAKER_03: May the best argument win.
• 0:08
  SPEAKER_03: Alright, Austin, you're up.
• 0:10
  SPEAKER_03: Make the case for why crypto and sports betting are the best.
• 0:13
  SPEAKER_03: Go.
• 0:14
  SPEAKER_02: Okay, okay, you want inspiration?
• 0:15
  SPEAKER_02: I got inspiration.
• 0:16
  SPEAKER_02: Did you guys hear about the Seahawks player that bet$33,000 on the Seahawks winning?
• 0:21
  SPEAKER_00: I am putting$33,000, which is every single dime that I have saved on the Seattle Seahawks winning the Super Bowl.
• 0:33
  SPEAKER_00: And before you even try to talk me out of it, I've already made the slip, bro.
• 0:39
  SPEAKER_02: Wait, that actually happened?
• 0:40
  SPEAKER_02: Yep, he put everything on the line.
• 0:42
  SPEAKER_02: One bet, and he won$16,000.
• 0:45
  SPEAKER_02: Wait, that's kind of insane.
• 0:46
  SPEAKER_01: That's kind of terrifying.
• 0:48
  SPEAKER_02: That's kind of legendary.
• 0:49
  SPEAKER_02: And it's not just sports betting.
• 0:51
  SPEAKER_02: You know how much Bitcoin went up in a single year?
• 0:53
  SPEAKER_02: That's not enough to make your index fund cry.
• 0:55
  SPEAKER_02: There are people who bought crypto, went to sleep, and woke up millionaires.
• 0:59
  SPEAKER_03: Okay, okay.
• 1:00
  SPEAKER_03: I see the vision.
• 1:01
  SPEAKER_03: Emily go.
• 1:02
  SPEAKER_01: Thank you.
• 1:02
  SPEAKER_01: So, the SP 500.
• 1:04
  SPEAKER_01: It's the top 500 companies in all of America.
• 1:07
  SPEAKER_01: Apple, Amazon, Google, all of them.
• 1:09
  SPEAKER_01: It goes up on average about 7% every year.
• 1:13
  SPEAKER_01: Put it in, you leave it alone, and it does all the work for you.
• 1:16
  SPEAKER_01: No waking up in a cold sweat, no stress, you just leave it alone.
• 1:20
  SPEAKER_03: That does sound peaceful.
• 1:21
  SPEAKER_03: It sounds like a nap.
• 1:22
  SPEAKER_03: Okay, Austin.
• 1:23
  SPEAKER_03: Emily said 7% each year.
• 1:25
  SPEAKER_03: What's the crypto number?
• 1:27
  SPEAKER_03: I mean, it depends on the year.
• 1:29
  SPEAKER_03: What's the number?
• 1:30
  SPEAKER_02: Some years it's up about 300%.
• 1:32
  SPEAKER_02: Other years, it's up about a thousand percent.
• 1:35
  SPEAKER_03: And some years?
• 1:36
  SPEAKER_03: Some years it drops like 70%.
• 1:39
  SPEAKER_03: Interesting.
• 1:41
  SPEAKER_01: Okay, so here's the thing.
• 1:43
  SPEAKER_01: Austin's right a little bit.
• 1:45
  SPEAKER_01: You can win insane amounts of money from crypto, but you can also lose a lot of money.
• 1:50
  SPEAKER_01: It takes me like 10 hours to make 200 bucks.
• 1:53
  SPEAKER_01: Do you really want to lose that all in seconds?
• 1:55
  SPEAKER_03: Keep your 200 bucks.
• 1:57
  SPEAKER_03: I'll be busy counting my cash.
• 1:58
  SPEAKER_03: What about the Seahawks guy, Emily?
• 2:00
  SPEAKER_03: Didn't he make sixteen thousand dollars?
• 2:02
  SPEAKER_01: What about the thousands of people who bet their savings and lost?
• 2:36
  SPEAKER_03: We don't talk about those guys.
• 2:38
  SPEAKER_01: No, Brandon, we should be talking about these guys.
• 2:41
  SPEAKER_01: Here's the thing about the crypto story and the Seahawk story.
• 2:45
  SPEAKER_01: Those are the exceptions.
• 2:46
  SPEAKER_01: Nobody wins$16,000 in a night except these few exceptions.
• 2:50
  SPEAKER_01: Nobody posts, I lost all my rent money on a parlay, because that's what happens most of the time.
• 2:56
  SPEAKER_02: Okay, but the possibility.
• 2:58
  SPEAKER_01: The possibility is keeping people broke, Austin.
• 3:02
  SPEAKER_01: That's the trap.
• 3:03
  SPEAKER_03: Okay, this is getting spicy.
• 3:05
  SPEAKER_03: Austin, hit back.
• 3:06
  SPEAKER_02: Bon, you want to talk about what's keeping people broke?
• 3:08
  SPEAKER_02: Let's talk about inflation.
• 3:10
  SPEAKER_02: Let's talk about rising housing prices.
• 3:12
  SPEAKER_02: Our generation just has been given a harder situation than ever.
• 3:15
  SPEAKER_02: You want us to wait 30 years and just trust the market?
• 3:18
  SPEAKER_01: And I hear that.
• 3:18
  SPEAKER_01: But does betting your money fix housing prices?
• 3:21
  SPEAKER_01: Does it fix inflation?
• 3:22
  SPEAKER_01: Or does it just give you a rush while the apps take your money from you?
• 3:25
  SPEAKER_03: Okay, Emily, talk about the platforms.
• 3:28
  SPEAKER_03: I feel like this is your villain origin story.
• 3:30
  SPEAKER_01: Why is sports betting so popular?
• 3:32
  SPEAKER_01: Why is crypto so addictive?
• 3:34
  SPEAKER_01: It's not just because people are winning, it's because of dopamine.
• 3:37
  SPEAKER_03: Explain dopamine to me.
• 3:38
  SPEAKER_01: Dopamine.
• 3:39
  SPEAKER_01: It's the chemical your brain releases when something exciting happens.
• 3:42
  SPEAKER_01: You check your crypto and your portfolio's up, dopamine hit.
• 3:45
  SPEAKER_01: You win a game?
• 3:46
  SPEAKER_01: Dopamine hit.
• 3:46
  SPEAKER_01: You get a like on Instagram?
• 3:48
  SPEAKER_01: Dopamine.
• 3:48
  SPEAKER_01: It's all the same cycle.
• 3:50
  SPEAKER_03: So my brain is literally addicted?
• 3:52
  SPEAKER_01: I mean, potentially.
• 3:53
  SPEAKER_01: The apps know this.
• 3:55
  SPEAKER_01: Psychologists develop these apps like they do casinos.
• 3:58
  SPEAKER_01: They have the confetti, they have the notifications, the free bets.
• 4:03
  SPEAKER_01: They're all designed to pull you back in, just like they do at casinos.
• 4:06
  SPEAKER_02: Okay, but you can say the same thing about any app.
• 4:09
  SPEAKER_01: Sure, but these other apps aren't taking your money when you lose.
• 4:13
  SPEAKER_01: Some studies show that crypto and sports betting can be just as addictive as some drugs.
• 4:18
  SPEAKER_01: That's not a small thing, Austin.
• 4:20
  SPEAKER_03: Oh, that freaks me out a little bit.
• 4:22
  SPEAKER_02: Yeah, I mean it is super satisfying.
• 4:24
  SPEAKER_02: I'm just saying.
• 4:25
  SPEAKER_03: Alright, I want to stress test both of you.
• 4:28
  SPEAKER_03: What is the worst case scenario for both of you guys?
• 4:31
  SPEAKER_01: Market crash, like in 2008.
• 4:33
  SPEAKER_01: You could lose like 30, 40% of your whole portfolio.
• 4:36
  SPEAKER_03: That sounds bad.
• 4:37
  SPEAKER_01: Yeah, it is bad, but historically, the market has recovered.
• 4:41
  SPEAKER_01: You just can't panic and sell and you'll be fine.
• 4:44
  SPEAKER_03: Okay, Austin, worst case for your plan.
• 4:46
  SPEAKER_03: I mean, worst case you lose everything.
• 4:49
  SPEAKER_03: Everything?
• 4:50
  SPEAKER_03: Everything.
• 4:51
  SPEAKER_03: Okay.
• 4:51
  SPEAKER_01: Okay, but the difference is the floor.
• 4:53
  SPEAKER_01: With the SP 500, the floor is really low.
• 4:56
  SPEAKER_01: The whole economy would have to collapse before you lost everything.
• 4:59
  SPEAKER_01: With something like a parlay or a bet, the floor is zero.
• 5:03
  SPEAKER_03: That's a pretty big difference, bro.
• 5:04
  SPEAKER_03: It's fine.
• 5:05
  SPEAKER_03: Great.
• 5:06
  SPEAKER_03: You guys both made some great arguments.
• 5:08
  SPEAKER_03: So$50 for dopamine,$50 to invest.
• 5:12
  SPEAKER_03: Uh let's I'm gonna take my$50 and put it into some Chipotle.