But that is not going to be our main topic of today today, we're gon na do another real talk, video once again and we're gon na talk about the truth about leveraged trading platforms. Let me explain recently: there are more more videos popping up on YouTube from other crypto influencers Bitcoin influencers that are talking about bitcoins enemy number, one influencer chills from babbit, or something like warning. The truth about Bitcoin slaughterhouses, Bitcoin, sheep force fed hope iam, then slaughtered again about leverage trading platforms. Just to make that clear. At this point already, I personally don't really expect that I benefit all too much from this video because at the end of the day, we're all sitting in the same boat. We all want to see bit coin and crypto succeed. But the problem is that, especially during times or well, actually only in during times when the price of Bitcoin is going sideways or slightly downwards, when the markets are getting boring again, people are looking for scapegoats and this time around well the scapegoats or leverage training platforms. I'M gon na show you a very interesting comment here on reddit bit. Mechs and other leverage exchanges are creating massive sound pressure on BTC. Bob goes 10x long and djoko's panics short bit max keeps the transaction fees in Bitcoin for both of these trades they turn around and sell that Bitcoin for fiat. Well, that is a very interesting comment and at first you think, hey that makes sense.
Well, basically, the leverage, exchanging platforms are just keeping the fees and dumping that on the spot market and therefore the price of Bitcoin is getting suppressed, but on the other hand, you have to ask yourself: well: how are these people actually going along on these platforms? Well, on bit max fee max Babbitt and so on, you have to deposit actual Bitcoin so to go 10x long for Bob and to go 10x short for Joe. They actually have to buy Bitcoin first, so they're pushing sup so yeah. That is not mentioned in its comment in here: leverage isn't stopping your precious number from going up it's, bringing more money into the space and giving people more options for what they can do with their coins, either learn to use properly or go back to Harlan. What other people choose to do with their coins is none of your concern. Well, that is pretty much my standpoint. First of all, no one is forcing you to leverage trade. Secondly, they're not that many use cases for a Bitcoin right now, except store value, maybe medium of exchange, but let's be real. A lot of people who are in the crypto space, they're trading, they're trying to make gains exchanges without kyc, where it can easily go in with Bitcoin, get out with Bitcoin nobody's, really asking too many questions. That is the absolute dream right. When I first found leverage trading platforms well, I found that amazing. I mean if I have a look at my deposit.
First stocks, for example, I pretty much have to tell them what the size of my underwear is to get an account right and Bitcoin leverage trading on these leverage exchanges. People are asking for less regulation. That is the reason why some people are actually using Bitcoin and now well, they are going against the leverage trading platforms or using them as escape code, but nobody was forcing them to actually leverage trade in the first place so yet to me personally that argument that Leveraged trading platforms are suppressing the Bitcoin price, although you actually have to buy Bitcoin to participate in leveraged trading most of the time in most of the cases. Well, that argument does not really make all too much sense. Now let's get to another point, YouTube influencers who are promoting Levis trading platforms, and I am one of them, obviously well we're, getting off an attack that we're just wrecking our users. Our followers well, first of all, there's, absolutely zero incentive that our followers are getting rekt. First of all, obviously we don't want to wreck our followers because we don't want to lose them as followers and, secondly, we actually make more gains if our followers trade, profitable, okay, if they multiply their Bitcoin and therefore keep trading. Well, we actually profit more. So there is absolutely zero zero incentive that our followers are getting rekt compared to that they're actually making gains. And secondly, some people are saying well ninety percent or 80 and of all the traders on bit max on Babbitt on 10x they're, all getting rekt, but guys.
This is the real talk part in here right now. The world is full of suckers. That is just a reality. Just listen to this real quick. Every month over a half, a million new businesses are started. This seems like a lot, but keep in mind that 30 of those businesses will go under within two years. Half of them will close their doors for good before they hit five years. In fact, only 25 can stand the test of time for 15 years or longer. Now, what are you going to tell two people who want to start up a new business? Are you going to tell them? Well, please don't. Do it don't do it? This is all just a scam, because 75 of all startups are going to get wrecked anyway. No, you let them chase their dreams, because some are actually going to make it and you don't want to hinder them from actually making it. Alright, now let's talk about two youtubers, real quick, which are going heavily against leveraged trading platforms and using them as a scapegoat. For the markets and whatnot here we have a video from Chicco crypto he's, doing great videos there's, absolutely no doubt about that. Bitcoins enemy number one influencer chills from babbitt. What i personally don't like in here and what I can't stand are the constant insults, lies and also the hypocracy. What we're looking at in here is the video and, if you scroll down, what we can find in here is a link to the gate on IO exchange.
If we open this up in a new tab, you can find Marchant trading in here and if we dig a little bit deeper, you can find this instructions of leveraged tokens Gaeta io. Now we can trade leverage to FTX tokens and etf tokens at gated. Io leveraged tokens differ from typical crypto tokens and that they are of leveraged nature and any leverage token has its correspondent token in spot market, so mister chico crypto, which is trying to sell you his messiah package and he's the savior off the crypto space. Well, he is shilling leveraged trading platforms himself in an actual video, where he's talking against leveraged trading platforms and to me personally, that does not really match actually not at all, and sadly this is going on for quite a while, and this is the only reason why I'M, specifically targeting Chieko crypto in here, because this has to in my opinion, we should rather work together, or at least let each other alone, but yeah. This pretty much has to stop. What we're looking at in here is a live stream back in November 2000, 19, and here in this live stream. He was once again complaining about Carl from the moon and also crypto zombie for shilling leverage trading platforms. But in this video he's actually shilling bet match and bet match is a sports betting casino. They don't just have sports betting. They also have an actual casino. So people blaming Levitz trading for being in casino for being gambling for users getting wrecked for their followers getting wrecked, but then actually promoting a casino yeah.
That just does not add up to me personally once again. We should rather work together or let each other alone, but this has to stop and of course, also in this live stream. From back in November 2000, nineteen hear the same sign up for gate, IO exchange, and here once again you can see this is the link to the Marcin and levers trading platform, gate IO, alright, but we have more funny people in the crypto space, one of them Being mr. Christophe, with his video uploaded one week ago, warning the truth about Bitcoin slaughterhouses, bitcoin, sheep, forced fed opium den slaughtered, and here he's once again talking about large trading platforms and how they're training against their customers and so on. There'S not a really actual evidence. Of course. These changes they have market makers and you could basically say that they are training against their customers in that way, but I mean he's once again trying to sell you a story where there is not really any true evidence. There for it, but what I personally found way more interesting about mr. Christophe is this video right here warning the truth about Bitcoin and by bit so another video where he's basically going against buy bit in here. But what you can find right here down below in the comment section, is a referral link to the buy bit platform so yeah. Maybe you can explain that to me. I can't either you stand for what you're promoting or you don't, but this does not work in my opinion.
Sadly, all the stuff is just coming up when the price of Bitcoin is boring, going sideways or downwards, not as complaining when prices arch is going up. So this once again tells me that we should all try to remove emotions from this market and cede more rationally, and maybe we should work more together, or at least let us alone instead of fighting against each other, but just trying to find scapegoats. When things are not going all too well or when your neighbor's grass is greener than yours, I don't think that is the right approach, but you can definitely let me know your opinion down below in the comment section. Thank you guys very much for listening.