Summary: Most people go through life making the same mistakes at age 60 that they made at age 20. It’s astounding and even discouraging, but unfortunately, it’s true. And some people structure their lives so they can succeed in one area while acting out internal conflicts in another area. In Episode 565 of The Traders Podcast, your hosts Rob Booker and the producer Jason Pyles explore the pitfall of self-destruction and how many traders get caught in this downward spiral. Rob says that 75 percent of experienced traders are struggling with self-destructiveness. Join us to learn how to escape the self-destruction cycle! Thanks for listening to The Traders Podcast. We release new episodes every Tuesday and Thursday. Subscribe free in iTunes, and please leave us a review! Links for this episode: Subscribe to Rob's YouTube channel here: <a href="https://youtube.com/robbooker" target="_blank" rel="noopener">https://youtube.com/robbooker</a> Rob on Twitter: <a href="https://twitter.com/robbooker" target="_blank" rel="noopener">@RobBooker</a> The Traders Podcast on Twitter: <a href="https://twitter.com/traderspodcast" target="_blank" rel="noopener">@TradersPodcast</a> <a href="http://tfl365.com/" target="_blank" rel="noopener">TFL365.com</a> <a href="http://www.traderinterviews.com/" target="_blank" rel="noopener">Trader Interviews.com</a> Jason’s movie podcasts: http://moviepodcast.network/ - A group of eight movie-related podcasts covering new movie releases and many genres: sci-fi, horror, western, etc. Full Episode Transcript: Rob Booker: Mr. Pyles. Jason Pyles: Hey, Rob. Rob Booker: Did you know that four years ago this Christmas it was a very Bitcoin Christmas? Jason Pyles: I remember that Christmas. Rob Booker: Episode 214 of The Traders Podcast featured a conversation about Bitcoin, and then episode 224 featured a conversation about Bitcoin and Tesla Motors and some other stuff. Four years ago in one or the other of those episodes, I think we talked about Bitcoin at some point in time, at some day, would travel all the way to $10,000 or even $20,000. Jason Pyles: I remember that very Bitcoin Christmas. I think if I'm not mistaken, either that was going to release on Christmas Eve or we actually recorded it Christmas Eve morning, and so I have fond memories of this, yes. Rob Booker: Yeah, I do too, especially of those episodes. Back in 2013, I can't even go back this far on my Bitcoin charts right now. I can't even go that far back. After that time, Bitcoin went up and down, sideways. It went down again as far as ... it halved in value at that time. It dropped precipitously in value. It went down to 200, then it hovered around $200, $250, $400 or whatever, and I have a friend and a friend of the show that around the time that Bitcoin was still trading in the $100-$200 area put his life savings into Bitcoin, Jason. Jason Pyles: Wow, okay. Rob Booker: Not because of the podcast, but put life savings into Bitcoin, and then started a business that basically ended up handing him a 1,000 ... it was so many Bitcoins I can't remember anymore. 2,000 Bitcoins? A lot of Bitcoins. Today as we record this episode, Bitcoin has now reached $5,800 per Bitcoin, is trading at $5,500 per Bitcoin right now, and all of this movement has happened this year. All of it, from $700 to $5,800, the big jump happened this year. I just want to say two things: Number one, everyone should listen to us, because it only takes about four years for stuff that we say to come true. When Facebook IPO'ed, we did a podcast and we talked about it, and I said Facebook will be $100 a share stock, and we had people write us and tell us that we were stupid and that we were crazy. We had a lot of people tell us that we were insane. Today Facebook is trading at $172 a share, and it will probably fall from there, but ... Jason Pyles: Right. Rob Booker: Still the same, that's an extraordinary move. Anyway,
