I'm going to buy crypto here, I'm going to sell crypto there, and I'm going to

take out profit. It's so easy. Why isn't everyone just doing

it? haven't seen anything else like crypto. But of course, what comes

with that is very, very high risk, especially if

you don't know what you're doing. People are always saying to me, Matt, you've got to have work-life balance.

That's absolute bullshit. If you're starting from the bottom, you

are going to grind every single day, forgetting about your

parents, forgetting about going to the movies, forgetting about going to the beach. Every

single waking moment is going to be about you getting to the next level. I'm

Matthew Fraser, and this is Amazon Ecom

Secrets. I'll be sharing with you the secrets that helped me go

from millions in debt to an eight-figure entrepreneur.

If you're ready to escape the nine-to-five and live life on your terms,

let me show you the way. In today's episode, we're going to be talking a

bit about crypto. Now, you're going to be saying to me, crypto, what

does that got to do with Amazon and e-com secrets? Well,

it's got to do with what are you going to be doing with your profits

from Amazon and e-com strategies? So I want

to tell you about my journey through crypto and

why I've chosen crypto as a part of my wealth

creation strategy. Actually, go back to about

2017. I remember specifically when I was driving Uber, trying to

make ends meet, and there was a gentleman that got in the car and

he was talking about Bitcoin. And I thought, oh,

nah, Bitcoin? How stupid is that? And

the guy was like, no, no, you can make money. And I think at the time, it

was probably like $100 or something. You can go back and look at the

2017 price. But it was cheap compared to what it is today. Because as

of the day, as the time of filming this right now, the

Bitcoin price in Australian dollars is about $106,000 Australian dollars. So

he's telling me in the back of this uber That Bitcoin

is like this great new thing and he's gonna make a lot of money and I was like nah nah And

my mind was just completely switched off to I just didn't want to know about

it And I thought it was just like one big scam to be honest as

I'm driving uber So I pray that that guy

was not listening to me as an uber driver and I hope he went out and bought a

lot of Bitcoin because he'd be like a trillionaire now But

that was my sort of first recollections of Bitcoin. And

then fast forward to about 2020, 2021, I

then started thinking about crypto more seriously. And

the first thing I did was I started asking my friends, hey, what do you

know about Bitcoin? What do you know about crypto? And I was completely naive

to the whole landscape. And my friends were giving me

little tips and tricks. Oh, you know, I went and used this platform. And

I went and did staking. And I can make all this money. And at

that stage, I was getting quite excited about it. OK, well, this is obviously an

opportunity for me to delve into. Because remember, by

this stage, I was making hundreds of thousands of dollars

in profit every single month. And I'm thinking, where am I going to put

all this money? I started to put it into real estate. That was the first

thing. Actually, the first thing I did was I paid off

all my debt. The second thing I did was I started to

put money into real estate. But then I'm thinking, where else can

I put this money? And people were talking about Bitcoin and

crypto, but I really needed to find out for myself. So the next

thing I did was I used my own advice. And my advice to

myself would be, go and seek an expert in

that niche. So I went and sought a crypto expert.

And I end up forking out, well I didn't say fork out, I invested $20,000 in

a crypto course so I could learn all about cryptocurrency

and ideally not make a lot

of mistakes. Because that's why you invest in a mentor or

a coach is so that you can learn the landscape or the niche

faster and actually save money. A lot of people make the mistake thinking that

$20,000 in this case was going to be a waste of money, but ultimately

ended up becoming the best money I ever spent, as I

always say, with all the mentors and coaching I've had over the years. And

I've spent over $100,000 in my lifetime in mentoring and coaching

from other people. So here I am, I'm investing money

into this crypto course. And the very first thing they

taught me, which is what I'm going to share with you today, and it's not financial advice, it doesn't need

to be, but it is Do not lose

your crypto. Protect your crypto. What does that mean?

It means making sure it's not sitting

on an obscure exchange, sitting in

Afghanistan or something like that. You want to make sure that it's

protected. Because I've got a friend, and I'll just tell you this very short story,

and he was one of the friends I spoke to at the time when I was learning about crypto, and

he was really, really excited about staking. Now, staking is

basically like a term deposit where you give your crypto to another company,

and they in turn give you back interest. Now, usually it's

interest in the form of the crypto token itself. So

he was sharing all this information to me, and at

the time it was exciting because he was saying things like, you know, these guys are

paying me like 30%, 40%. I'm

thinking, I'm going to start doing the maths, and I'm thinking, holy smokes, this is

a lot of interest, right? You

know what they say, if it sounds too good to be true, it probably is.

And in this case, what my friend had done, this was the biggest mistake. And

if you're taking notes, write this down. Do not put all

your eggs into one basket. I mean, this is like, you

would think common knowledge these days, don't put all your eggs into one basket. But

what he'd done is he'd taken his $50,000 life

savings and put it into one crypto staking

pool. And then shortly after that, If

you guys are familiar with crypto last year the year before was

the FTX saga was an FTX basically was the collapse

of a cryptocurrency exchange and It

went bankrupt and a lot of money went missing and I'm gonna say

a lot of money billions and billions and billions of dollars

now my friend didn't have money tied up in FTX, but it was

a deck of cards,

so to speak. It was just like a domino effect. And when

FTX went down, other exchanges went down, including this

particular crypto staking company. So

$50,000, guess what happened to that? vanished literally

overnight just like in seconds just gone there's no

one you can call there's no one you can write to the money

is gone and unfortunately for my friend he

went into severe depression after that you can imagine having fifty

thousand dollars of your life savings just vanish into thin

air so what my friend didn't

do though was he didn't seek training, right?

He didn't seek a coach at the time. And so that was a

big, big mistake. So again, if you're writing notes, make sure you go

and get proper training from proper coaches in this space. So

this was sort of one of my first experiences with

crypto is basically don't do what he did. So

as I'm doing this coaching program with crypto myself, I'm protecting my

assets, and I start dabbling in the crypto space. And

it was good. It was actually coming down through 2021, where the

market was actually coming down off the previous high.

And I was buying up some crypto, mainly Bitcoin myself,

which is, of course, the mac daddy of

cryptos, right, is Bitcoin. So let's

fast forward to now. I've started

off now doing this crypto course. Where do I sit now? Well, now I have over

seven figures invested in cryptocurrency. And I can tell

you, it's funny because they say, and I've

just said before, if it sounds too good to be true, it probably is. But

they also say, There's no get-rich-quick scheme.

But I tell you what, I haven't seen anything else like crypto

where you can literally put money into certain things and it can literally

explode. I'm talking like hundreds of percents. Yeah,

it's absolutely insane. But of course, what comes with

that though is very, very high risk.

Especially if you don't know what you're doing. So

my strategy right now is just to invest into certain things that

were ultimately in time through the next bull cycle. And

the bull cycle is when cryptocurrency will go up, is

to then take money out of that, take it out as what they call fiat

currency or cash, and put it into other investments. If

you guys follow me on any one of my channels, especially Instagram,

it's one of the things that I showcase a lot about cryptocurrency. And

in doing so, I get a lot of people reaching out to me, asking me about

crypto. It's probably one of the number one questions I get, although I'm the

Amazon e-commerce expert, I get a lot of questions about crypto. Because

what's interesting is only 0.26% of

the world population even have crypto. So it's

a very, very, very tiny segment of

the population. Because I just started thinking, like, you know, if

I know crypto, then everybody else knows about crypto. But it turns out, obviously, that

that's not the case. So as I'm fielding a lot of these questions,

it mainly relates to what I guess boils down to is

mindset. Because I was talking to

my mother recently, and I said, look, this is my plan. I'm going to buy crypto here,

I'm going to sell crypto there, and I'm going to take out profit. And

she said, Matthew, but if it's so easy, why

isn't everyone just doing it? And that actually got

me thinking, well, is it that easy? And

it turns out, it's not that easy. And why is that the case? Because

one, you've got to have capital in the first place. In

my life journey, I've always wanted to be in that position. When

a downturn in the market came, I

wanted to have just cash sitting on the side to be able to pour in

and buy stocks or shares, or in this case, crypto, at

base bottom prices. And I've never

had that in my life except for in just recent years. So

that's the first thing. You've got to be in the position to

have disposable capital

ready to go to make moves on certain assets. So that's the first thing. The

second thing is you've got to have the knowledge. You

might have the capital, but you might not have the

knowledge of where the market is at certain times and what to

buy. So therefore you've got to be really, really committed

to learning about the crypto space so you know when

and where you should be putting your investment or allocating your investment dollars.

And the third thing is you've got to have the balls, right?

Because you might have the capital, you might have

the knowledge, but there might be just something holding you

back. Or it might be someone in your family, it

could be a wife or a husband, who's, you know, you might go

to them and say, babe, I want to put money into crypto. And they

say, absolutely fucking not. Right? That is

actually what they might say. So now all of a sudden, you can't do it. So everyone's

got to be on the same playing level and have the same understanding about

crypto in order to make that ballsy decision to

put the money into the investment. Because it doesn't really matter whether it's,

you know, houses, stocks, or

crypto. You've got to have the balls to

put the money in. Because there's always going to be something in the back of your

mind that's, oh, is this a good investment? Should I not buy? What if

the market turns? Is this the right crypto? All

this is going to be going around your head and giving

you doubts. Yeah. And then when you have doubt, you

don't put the money down. And then what happens? Well, hopefully for

myself, the market moves. Right. So

let's say, you know, the market, let's say like only last year, you could

buy Bitcoin in US dollars for around $20,000. Today,

as we film this, it's sitting at about $70,000. So

imagine when it was, and actually, which leads me to an interesting story,

because a friend of mine, when it was $20,000, was having

second guesses. He was like, oh, I don't know if I should put this money in. It

could go down. So he never put money

in at $20,000. Guess what happened then? It went to

$25,000. And he had the same mindset thoughts. Oh, what happens

if it goes down? So he didn't put money in. And then what happened?

It went to $30,000. Oh, but what happens if it goes down? So every step

of the way, he's just missing the opportunity, missing the opportunity. What

I like to do is I just like to buy in. I find that

once I've actually just bought into the market. I feel good. I'm

done. I now have exposure to the market. Now if it goes down, so

be it. I just don't sell. This is the big mistake that a lot

of people make. One is they put money in that they can't afford to

lose. So don't do that. Only put money in that you can afford

to lose and only put money in that you don't need to

use to pay the mortgage or pay the rent or put food on the table, right? Because

this is going to be probably an investment that's going to be more than like a week. So,

and the other thing is don't use leverage. Now what is

leverage? Leverage is a term used

with trading where you would use basically borrowed money

to buy into a position and betting

on the market going up or down. A lot of people get

killed when they use leverage and do

trading, because it is such a difficult thing to do. I don't do

it myself, because I would just be too inexperienced at doing it. I don't use leverage, and

I don't do trading, like betting if the market's going up or

down. This is something I do not do. I just simply buy and hold, and

when the market goes up at some point, I'm going to pull out

some cash. That's basically my investment strategy. So certainly

don't use leverage. And the other thing I would certainly say is

don't do staking. Remember my friend who put the $50,000 in and

lost all of his money on staking? Don't do that. Yeah? Now, there

could be ways that you could make money, but I'm just saying if you want

to have like a no-fuck-up approach, don't

do any of those things. And you're going to give your best self the

best chance of getting ahead in the crypto market.

So those are some of the things that I would say definitely don't do.

But there's some other things that I can't really, I can tell

you, but you won't know until it happens because it's got to do with

your mindset. So what's going to happen is you could buy in,

let's say the price of Bitcoin today is $100,000. And

let's say then there's a huge crash and that drops down

to $50,000 a coin. This is Australian dollars. What

are you going to do? Your mind's going to be telling you, oh my god, this is the end.

I'm going to lose my money now. Now, you only lose

your money if you sell. If you don't sell, you

don't actually lose. So don't be that person that

the market drops and then you sell, because then you literally lose

your money. You lose the $50,000 that it's dropped by.

And you don't want to be one of those people. What you'll find in crypto is

it moves in cycles. So it goes up and down. your

crypto or your bitcoin may have dropped down to 50 000 there's a

very very high chance that within time and you've got to give it time like

not a week it might be months and it might be a year that

in time your investment and your and your bitcoin in this case will

move back up to over and past your initial investment of 100 so

do not sell when it's low you sell at

the high. I've also seen this big mistake, and this is from another

friend of mine. I want to share this story with you so that you don't have

the same thing happen to you. Now, what happened was my

friend bought into a cryptocurrency at $5,000, and

in a very short amount of time, it had doubled. I'm talking within the

space of like a month. So here he is thinking, I'm a

freaking champion. I'm a genius. I've just turned $5,000 into $10,000 and

then he sold it for $10,000. Now, good on you if

you do that because most people get wrecked because the

stat is that 90% of people will get wrecked or killed

in cryptocurrency, right? So don't let yourself be the 90%. Now,

the mistake that he made was because he had this genius

mentality, there was another cryptocurrency that come up. And this

time he thought, I'm going to put in $50,000 because

what was happening with this particular currency was falling down fast, down,

down, down, down, down. And he thought, wow, it's getting cheaper and cheaper. It's

a bargain. So he took $50,000 out of his home loan put

it onto this particular cryptocurrency, and

guess what happened? It still kept going down. And eventually, it

never corrected, because it was a cryptocurrency that was just imploding. But

because he didn't have the knowledge and understanding what the market was doing

behind the scenes, he couldn't make the right investment

decision. So that $50,000 unfortunately turned into $700, and it never came

back up. Okay

guys, so now you've heard a bit of an overview about crypto and

how I've been able to go from Amazon profits and

put it into this new investment strategy

and wealth creation strategy, which is crypto. But what is the

point of that? And look, at the end of the day, we all want

financial freedom. That's the reason why we get into things like Amazon

businesses or e-commerce businesses, because we want to break

the nine to five and escape the matrix. So

what I've done is I've taken my Amazon profits, I've

put them into crypto because I'm trying to multiply my

investment dollars. Now, ultimately, I will keep some of

my Bitcoin because I believe that over the future it's

going to grow, but I'm going to take a lot of that money, what

I call, off the table. put it into safer

assets that will give me a dividend every

single year. So ultimately, what you want to do is this. Pull,

let's say, $5 million out of crypto, put

it into a safe asset that delivers 10% per year,

and then you can then live off your $500,000 a year for the rest of your life. And

that would

be an awesome goal and something that I would love to

see you guys achieve as well. All right guys, let's jump into some commonly

asked questions that come my way. And the very first one is, how

do I even buy Bitcoin? And this is really, really

simple. I want you to have a look at these two exchange platforms, SwiftX

and Coinspot. You can find them in your app downloads.

Once you go into those apps, You can then fill in

the details and buy your Bitcoin by

transferring money from your bank account into the exchange and

you're good to go. Alright guys, I hope you enjoyed that episode of

how I'm using my Amazon profits to buy

crypto to help grow my wealth. Now I want to help you

grow your wealth too. And one of the things I've done is I've created an eight

steps to eight figures blueprint. Now this is a

blueprint which shows you how to get to eight figures without

even designing your own product. It

was life-changing for me, and I'm sure it's going to be life-changing for

you as well. To get a copy of this blueprint, all you have to

do is go down to the show notes, click on the link, and then download

your free copy. All right, guys. Thank you so much for joining me.

Look forward to seeing you on the next episode, and take care for now. Thanks for

tuning into Amazon Ecom Secrets. If you enjoyed

this episode, the best way to show your support is to give

a five-star review on Apple Podcasts and Spotify, and

make sure to subscribe on YouTube so you don't miss an

episode. You can also find more at I'm

Matthew Fraser on all social media platforms. Thanks