 Welcome to the last set news. My name is Rob and today Let's just jump right in because there's some kind of concerning news I would say about Contagion and if you follow the channel first of all welcome everybody. Thanks for stopping by you follow the channel You know that I'm a big believer that the things that are happening with Luna with three hours capital on course FTX which 86 those guys is Happening all around us And I don't know how deep the contagion goes, but there's a lot of clues and one of those clues is Genesis and Genesis is a part of the DCG group sounds like sounds like the DC Marvel but DCG group and They unfortunately had halted withdrawals from From Gemini about 46 days ago and now we've heard reports about Stuff like this and I think they're heading for Chapter 11. So crypto lender Genesis lays off 30% of its staff. This is not surprising I think I mean if you can't pay back their own rewards, how can you keep on staff? so that's just how it is and then just to Reiterate this is a true story as it's confirmed by a spokesperson for Genesis itself may said as we continue to navigate Unprecedented industry challenges Genesis has made the difficult decision to reduce our head count globally And I found this interesting The firm is working with investment bank Moellus and Co a company to evaluate its options And they haven't gone through chapter 11 Yet and it's surprising to me that they're not there yet. They can pause withdrawals for Gemini earn customers And of course you can lay off, you know, whoever you want to it's it's it's your company But I just feel like Moellus and Co is like the kiss of death And if you don't know well, listen code, they are an investment bank global and on July 25th They launch an advisory group for blockchain companies and so far the only thing they've done as far as like For to advise these blockchain companies You've had Voyager You've had Celsius and think a couple other ones. I want to say blocked by but I can't be I can't be for sure but The only thing they advised those those groups to do was to go into chapter 11 So when you see a mollus in company, you're like, that's not good Because that's pretty much what they've been doing me advisement to do and also on top of that DCG group Genesis parent company DCG just shut down. It's 3.5 billion wealth management division as The contagion continues now. This is a little bit different from crypto. It's a wealth management But again, if you're shutting down 3.5 billion wealth management division something going on and of course don't don't forget This is the open letter to Barry Silver who is the CEO of DCG and they said look man. It's been 47 days Where the heck is our money? And that's what's going on. So when I take a look at DCG digital currency group it's just I Know people they talk about it But I think I don't know if it's gonna be that big of a deal But it kind of concerns me especially when you have Genesis and the gray scale coin desk I really don't care about foundry is One of the largest Bitcoin mining group. It is the big the largest Bitcoin mining group on the planet right now So if you have a different contagion and money just being eaten up, I don't know if one of these will fall I think Genesis the first one to go and hopefully not to Hopefully not grayscale because grayscale if you don't know they own like 3% of The total amounts of circling Bitcoin. Let me make sure that's correct. I could be just Making that up That may be an untrue. This is by Bitcoin Worldwide or Bitcoin Treasury's calm And you got public companies that own Bitcoin. Oh, yeah, that's a bummer. So The grayscale Bitcoin trust The percent of 21 million is 3% that's not good Number of Bitcoin held 643,000 572. So if you think that's gonna be a problem I agree with you. So that's Exactly where we're at and that takes care of the contagion and also like we've talked about before the portfolio of DCGs is pretty expensive and I don't know where it's going but it makes me makes me Concerned a little bit. So the question then it comes out of this If you think this is gonna be a big deal, I think it's gonna be a big deal. How do you play it? because You know if this happens then we see markets tumble like if you're watching my show all 400 of you Thanks for stopping by you're not a tourist at all So I think if you're here now you probably understand the risks you probably understand what's going on you probably understand that Really wealth is made in some massive bear markets And if you're here now you and you're watching my show you probably think like I do Which is I think there's more downside to come in 2023. That's okay because I'm not here for 2023 I'm here for 2025 2026 and 2027 this is where things happen, but I could be wrong. I could be totally misreading the room let me understand about that in the comments section and There was one more piece I want to talk about because we're talking about here about Genesis lays off and I'd got an alert From Ben site into the crypto verse comm great website. It's got all the data You're really gonna want or most of it will say and he just the alert said hey guess what? Unemployments Is going down so we can see right here This is the unemployment rate in October was 3.7. This is the unemployment rate in November Apparently this just got released Unemployment rate 3.5% so We're going the exact opposite way of where we thought we would go when the Fed starts the rate hikes So Unfortunately, you'd want to see the employment rates go up. I know that sucks, but that's just the way it is But we're going the exact Opposite way and then also a couple of different macro things to take a look at which was There's a couple of things that I always take a look at as far as how healthy the economy is and Real estate is one of those and then where's the other one? Ah Yeah, this is good total vehicle sales new vehicle sales because if if you're thinking like nothing's wrong You're gonna buy a new car See me. I find it astounding that Excuse me That we keep going up Okay, this is October And then we've gone down a little bit, but we're still not dropping off the cliff like I thought we would Excuse me dang it So if we can take a look at that we're like, well, maybe people just think that hey, you know, everything's gonna be okay And maybe they're right. I hope they're right also a number to take a look at is Real estate and we take a look at sales prices of houses sold. I Don't know what to tell you man because I mean even though the rates are sky-high The the housing prices are still near an all-time high Of course, this is the first of October, but you're looking at the latest value of 454,000 that's got to go down at some point So we take a look at the the macro factors It just seems to me I could be wrong that people just think that okay 2022 was an anomaly I mean the people that don't really pay attention. They think maybe 2022 is an anomaly in 2023 Well, the Fed's right right, you know hiking rates will be okay Hopefully they're right. I just think it's gonna be a little more bumpier than that But again in the long run, it's not really gonna make a big difference The only thing I see is I'm gonna be able to scoop up some massive discounts And you know, maybe I'm way off base. Let me know what you think and then also This question was was asked in the latest show we just we do a show Not financial advice. It's me and Ben in the Cryptoverse and and guy from coin Bureau and One of the questions Comes about which was I didn't know this was actually a thing I didn't know this actually came about but When when Ethereum allows for on staking you think it's going to cause a collapse of Ethereum And I just heard about on the show and I was like, I don't think it's going to be because I mean if you're that hardcore to Stake your Ethereum and not know when it's gonna be unstaked. That's ballsy. I'll be one I'll be honest with you so for all those people that did it God bless you you probably did a pretty good thing and Now that they're gonna allow you to on stake Is that gonna crash a theorem? I don't think it is like if you I Like I said ballsy enough to say yeah, I don't care when I can on stake just do it You are a true believer in a theorem quite honestly So maybe maybe some people might need it later But I don't think it's going to be and this is an article just came out. What was this today? And it looked out that's a theorem developers reach a consensus Reaffirming a March target for the Shanghai hard fork, which will allow the theorem stakers to unsteak their Ethereum So March, let me do some quick math here. He's my finger. It's about two months or so We're gonna have to where we can actually see that I personally think I mean first of all That's great that they are able to do that hard fork. I don't think it's gonna collapse them but I could be wrong so I Think it's a good thing and the theorem's moving along good for them and then lastly before we did get to the Q&A The sweat coin challenge there is a link in the description and It goes to my website Dan teaches crypto Dan teaches crypto 100% free and the link I gave you is 100% free right? You want to sign up for Dante's crypto great? It's free But this and I'll also gonna cost you as an email. Don't even spam you Although I should But I don't it's gonna take you to my website And this is a page specifically for the sweat coin challenge and all you got to do is download this this app Which is free. You're in sweat coins and the people that's As far as like this that the top steppers for the month because let's be honest January is the month for New Year's resolutions Trust me. I do those two and I usually don't work. I have to be incentivized so I'm gonna incentivize you big time and First place is gonna get a thousand sweat coins a legend and OX a lifetime token Metrics membership a coin ledger premium membership a 10 cent premium subscription and a stone book That's just for first place and I'm gonna take it all the way down to 21 through 30 so you got 30 chances to win this just start stepping just start walking and One of the questions was Rob. I couldn't find a leaderboard apparently there was an updates They're gonna throw it back in at some point, but I told them I go I can't wait for that I got people asking me questions. So I said, okay, what we're gonna do is there is a link On this web page it says click to see if you've entered in the contest you're gonna click there It's gonna open it up and it's gonna have your username and the steps that you take We're gonna update this every three days and just so you know Cuz this confused me too the name that you put in when you download the app for sweat coin Your username might be different. Whatever it is like like your name is Pete McFly, I don't know what your name is and whatever username username it is might be different I just made mine the same thing. So I wouldn't confuse anybody when they looked me up. So When you're doing this and you download the app Which the downloads are right there Android and iPhone, whichever one is you and then you sign up You can check it to make sure you're on the list. We'll update it So now right now the person who's winning is Lance just walking with cheese Louise 95,000 steps It's pretty good in six days or four days and we'll just update that and I'll let everybody know the winners So that's what's going on. That's it. So look that's it for the news today Thanks for stopping by if you like today's video thumbs up and subscribe now What I'm gonna do is I want to spend more time just talking everybody and doing a Q&A. That's the whole format now Get done with the news do the Q&A. That's entertaining for most people in me. Let's do this So hang out with me unless you got to take off. It's okay. You've been here for 12 minutes. It's a long time Q&A Ask your questions now Hey rusty Basti and Bertie and Dez and Neil and Capil Khan and Benny and rusty bot And Martin Doug Okay This is a good one Feels mine selling hope him Most stake with the impression they can unsteak the September 2022 so no price will take because most body thunder 600 and Profit-taking is no brainer for more crypto contagion. Yeah, maybe I Don't think look man When they staked it They may have heard rumblings of that. I never heard anything about that and maybe I just wasn't a part of the ethereum In a circle or just they just didn't hear it. Does it doesn't matter? I'm just wondering if the majority of the ethereum stakers said certainly does 22 sounds good Because what I remember was you don't know when it's coming, but I don't know. I mean, I'm not perfect What's what's up beardy are you a uniballer? Is that what it is? I Answers was a great show yesterday good chemistry between you guys and good comers. I think it was pretty good Some people said why don't you guys disagree doesn't disagree about I agree with pretty much whatever they said There was one point when when guy was talking about light coin and transaction fees in Monero I was like, that's true, and I looked it up right as we're doing this show. I was like, I'll be damn the guy was right so yeah Damn test the one below 100 bucks. I didn't know that Hector's got a good point just chill in DCA That's a t-shirt waiting to happen right there gently caressing The boot on it's pretty good. I don't know if you like my my green screen my green screen now has no water in it Very difficult to pull that off on a green screen Usually the dynamic green screens I have people walk through I put it in there But this one I said, you know what no water today. Let's just not do water No water in the pool holding what I have and staking beardy with a fanny pack Okay, pretty good Old bear says how does that make sense when headlines claim so many laughs? look Bear you know how this works you've been around the block. It's all sensationalism, right? That's why I don't get like I don't know 10,000 20,000 views because I don't do much as sensationalism I think but that's what it's all about clicks, right? So like if they talk about there's massive layoffs, which there is there is layoffs I think unemployment rate will increase just not right now so I Mean even though you have like Amazon did a bunch of layoffs Metta or what was called Facebook? They had a ton of layoffs as well Twitter They did the layoffs, but I just think that even though those are big companies. It's not all the companies in the United States so That was just the numbers that we have and even though some people say well, it's it's it's junk data and That's just how it is I kind of compare the junk data of the GDP and and unemployment rates and things like that as a scale That's busted It's not perfect, but you can gauge something by it right as long as you keep the same parameters So like I go on a scale and I'm like, huh, I'm 195 All right. Well at the doctor's office. I was you know 192 191 But this scale is messed up. I know it is but I'll just keep using it I'll gauge it from there because if it's consistently wrong At least it's wrong by three or four pounds up and I just take it from there Same thing with all the crap data that's out there And also that that also goes on too for on-chain data You can manipulate that as much as you possibly can't want to and you can cherry-pick it all all day long She'd take an error the knee. I don't know what that I Don't know. No, I'm good. I don't know sweat issue It'll give you I had already downloaded the app previously. It's not on the list How do I participate very simple? There is a link. Let me find it Okay, let me throw this up there on that same web page I'm gonna put this link into it and it's gonna say Sweatcoin walking walking challenge site. I'm now with your sweat coin app username So I will put that on the website so you can find it And that's it. So Gio and everybody else if you previously got it, that's what you get That's to be honest Can we all use a little bit more exercise beardy? Rob. Yeah, I know me too. So let's just do this and you can win some stuff J Lo just curious how expensive is real estate in Puerto Rico? It's super expensive Benny in the house Is that that Ben Sorry, Ben. I Yet again stole more data from your website. So I appreciate you allowing me to keep stealing stuff Just so you know, I Will continue to do so until you shut my access off Let's see here Now the question J Lo Yes It's super expensive and I thought I was gonna go down and it's not going down It kind of sucks, but there's like a there's like a six to twelve month lag here on the island That's that's what our friends tell us. So whatever is happening on the mainland in the States It's sent to like slow down and kind of trickle over here. So once everything has to recover That's what it is. I got friends in Austin and they tell me hey, I don't know if you know this but markets like super high Sons and out Los Angeles My niece is in Hollywood and they tell me that again, California. It's like it's like it nothing's ever changed It's like super high over there, but it just depends on which area of the United States. You're I'm pretty sure menace Let's say you're in like Dubuque, Iowa Probably get some pretty good deals. Just saying I Was like is no hope him was you know, no hope in the short term at the long term I'm very very very bullish you guys know that I still dollar cost average I just bought Bitcoin today and then I know like Like I know a bunch of people will say don't buy alts. Don't buy alts and they're probably right I'll be honest with you But how many people were so sure that Bitcoin was going to a hundred fifty thousand I was How many people were so sure a theorem is going to ten thousand I was How many people were so sure that Voyager VGX gonna 30 bucks? I was so To get back to the Bitcoin and Ethereum thing Everybody thought it was gonna happen. It was there was insurmountable evidence I was gonna be it like that was a foregone conclusion never was wrong And then everybody was wrong about the June most people wrong about June Being the bottom and that was totally incorrect So I'm ninety something percent sure people are right that Things are gonna keep going lower even me. I talk about all the time, but there's this piece of me It's like you have to be a contrarian you have to go against it You have to do it, but you don't have to be stupid and Go all in right now. You don't have to put in the original dollar cost average amount You can just what I do is micro DCA. So if I was putting in I don't know 400 bucks a day For Bitcoin, I now just put 40 bucks a day. It's very simple And then for the all same thing if I was putting in 200 bucks a day for a theorem I now put 20 bucks a week and so on and so forth So, you know when things move up because who knows like I don't know what's gonna happen But I think layer one should do pretty well gaming should do pretty well layer ones that of course the NFTs and stuff So time will reward me, but I have to just be around here That's it. Thank you Nas. I do like the green screen Whereas guy now. I think he said Dubai. He stood back in the UAB Hardcore analysis, what if we don't show up? What I put it there is You're gonna Go here. I Would drop that link in but it'll be on my on this website, which you can find Right here the links in the description dandy descriptive comms what coin giveaway so you just add yourself manually Yeah, how's the poker ball? It's a good question the generates Now it's just poker army viper gonna do a show next week thoughts underneath dominance in the months ahead versus Bitcoin dominance I Hmm If everything goes what I think where I think it's gonna go and people get more scared Which I think they will especially with with contagion it all depends on Contagion and the macro for the facts if that plays out Then you'll see Bitcoin dominance go up because people are again. They get super scared and also if you also see You know macro factors in play when people get more scared they go to Bitcoin when people get more bold They go to alts and the first alt they go to is ETH. So I can't tell you how it's gonna play out I just see that as Beyond my control there Bring back clown news. I should there was a good article, but I forgot to talk about it today Yeah, hit the like button. That's always nice That's the crushing it's Already go back here Chris stop asked me that question. I just the noise the shit out of me when people ask me these questions like constantly ZK rollups. I think it's gonna be great ZK rolls for Ethereum. I don't understand exactly how it works. It sounds like it's gonna Help out with transactions per second. I don't know Georgia tab by the legit friends. All right That's exactly right Brian long What's the criminal like down there used to be much bigger in 2021 Used to be much bigger that's for sure Do you think Puerto Rico could become a kind of testing ground for adoption in the US? No I think the testing ground really is El Salvador right now. I Don't think it I don't think it's it's Puerto Rico per se but there's a lot of there's a lot of Crypto OGs here. That's for sure and they They are no short of Talking about the things that are going on and where the next things are going. It's interesting to hear them talk Beardy got 39 steps. That's pretty good to the refrigerator and back. It's not bad DCA fear anyone else feel that catch-point to a price or low so you want to buy but you don't want to put money on exchange at the moment Yeah, that's why like Scott's got a great point and it's true. It's tough to do these things because When you're when you're buying things and you're leaving on on the exchanges It's like this is a recipe for disaster because you've seen so many centralized exchanges fall Unfortunately, that's the on ramp really right? I mean for a reasonable amount like you can you can on ramp things as far as like money to Like fiat to crypto in ledger you can do that But then you got to use moon pay and it's like 4% 5% 6 some red just Stupid high and then people and then even if you do it you using moon pay You still have to sign up for their junk program, which means they're gonna have all your information anyhow So what's the point? So like the thing that I do is I? have I have recurring Payments for Coinbase you can sign up for essentially I give you a dollar cost I would either daily Bitcoin weekly my alts or monthly my crappy alts and Just buy those every time then some people say but don't you have to pay the fees you do However, what I do is I sign up for Coinbase one It's 39 bucks a month and then all the fees are away with up to ten thousand dollars So if you're spending less than that You're probably gonna save yourself some money if you just sign up for Coinbase one. This is what it is Avi would you sell altcoins now in a loss or wait? I would have sold altcoins in a loss before December 31st for tax loss harvesting I would sell altcoins for a loss if I needed like I don't know like surgery or I'm short on cash, and I can't afford even a PB and J sandwich that would probably sell But for right now I Mean if I don't need need the money, what's the point of selling it losses? I don't I don't get it It's a good one fan man. Good point I did a bonk video today Because I'm just I'm just trying to keep myself busy with the things I need to do and I was like this is interesting And I just I talked about bonk, which is the next dog coin essentially from Solana And I just compared it to is bonk big utility or is bonk Just hype and we took a look at it and it looks pretty hypey Let's be honest, and it's dropped by 50% in like 24 hours And fan man says hey beware of bonk 500 million was sold one is the top coincidentally Solana pump by 500 million on the same day That's the day so pumped. It took it took bonk money to prop up Solana. It's pretty bad We fired James we didn't fire James. I'll answer this for the 20th time. It's okay So like when we get tribes together like my tribe and Ben's tribe and James tribe We just were like it was like that scene in Was a gladiator, you know the very very opening scene when they're fighting the the Germanians and they're just everybody just plowing into each other that's pretty much how it was when we were one in the comment section and The video is supposed to give people like hope and relief and kind of like ease some fears and and it was just like doing the exact opposite So we was like maybe we should just not co-mingle and then that was it and then With you know guy reached out Said hey won't we do a show? And that was it I said sure I'll do the show with with this guy like I Still like everybody. It's okay No one's dying Yeah That's an ICP and same clown posse. It's a great band. I don't know what they're doing anything Or internet computer protocol one of those two. I think ICP again is a way ahead of its time and we'll see how it goes out, but Pretty tough You can't get moon pay to work. That's crazy with the crazy ass fees that they have you think that it would be a little bit easier to do Moon pay That's pretty good Rob, can you guys got to do a different alter ego each non-fan non-fancial vice with entertainment? Yeah, that'd be funny You know be funny is if if we say hey Ben or hey Hey guys show up as as Craig right next week And then like like the one after that. Hey show up as Satoshi Nakamoto and Like tell us like like what he if he would condone the behavior that we're doing or if he would You know how we would that would be pretty interesting. Let's see Yeah, yeah, yeah, yeah cast a lost a I am down 50% in all investments waiting for bluish guys Huddling and DCA for now. I have hope for the future. Yeah, you too. My friend my friend mullet says this he goes It's amazing to me how a short-term short-term trade becomes a long-term investment when things go sideways. That's very true PCA was the rumble seen from anchorman classic The alleys how will it be different this time? You know Like we talked about this in the show and it was a question from Ben. It was it's pretty good. It was how do You see The question was Moving into 2023 2024 are things going to change or what's the outlook for it? And Me and guy were pretty much the same. It was it really comes down to the macro environment And then I will say this and I didn't say that say it there I wish I I wish I would have remembered but you know, how everybody talks about how You know, Bitcoin's never been through a recession, which is true. We started in 2009 2008-09 2009 and That's when the coins created so of course we never seen a recession But people also said that we never never lived through a pandemic. We did okay there, right? Then people say well, we never gone through a war. I'm like, yeah, we did It's called the afghan the afghanistan war It went from 2001 to 2021. We were in a war for two decades here in America didn't seem like that affected Crypto too much at all whatsoever So I know there's a there's a war in Ukraine and this different circumstances grants it you can make the case obviously But it just seems like the longer that the Ukraine war drags on the more people just get comfortable with war because that's how We do things we just get comfortable with things and just accept them And there's not the ambiguity which is what frightens and spooks the market That's what spooks the market not that there isn't a war but what's gonna happen with the war as it drags on like it Did in Afghanistan Yeah, they won't really care about it. The only thing they'll doubt that they'll care about now is you know fed pivots and and unemployment rates and and Inflation if it's gonna go down or or keep going up or whatever So that's I think the the big thing. So what we do for this time? Potentially and I talked and I did say this like just like in 2007 eight nine You know tech companies took a big hit. It took a big hit in 2001 Where Amazon went down down 95% is like another big hit in 2008 when Amazon went down between 50 and 60 percent The same thing with Facebook. So I think the same thing will happen with With Bitcoin, I don't see why a lot of people would hang on to it unless The only that gives me hope hope is that if you look at the one you're holding. It's like I'll show you let me Let me sad this in Come on FAA there Jerry Hall this is into the block Here Maybe you probably want to see my screen, huh? Let's see. Let me put in my password This this holders composition by time held I gotta tell you like oh Hold on I signed in with the wrong one This Okay If you take a look at this Like the people that I'm holding on to Bitcoin for a year plus in a particular address just keeps going up That's in the blue. Let me just get rid of cruisers and traders. Look at that 72% of people held over this last year. This is the junkiest year. You could possibly hold on to it and people like I don't care I don't care So that right there That's the one thing. That's like, well, there's that and some other things which I take a look at and go That's very positive. If you can deal with that I mean shoot you're looking at what was the whole time I see seven six nine thousand So you probably hold you you would probably hold when it eventually goes below 12,000, which I think it will Whose channel is the show on we rotate? I was on Ben's and Then if you want to find the video, I Just added it in or just search into the cryptiverse and Last video was that but then the NFA video was right there It was good Then we rotate it'll be on my show or my show my channel next week What time is it? Okay? What? Regulation needs to come for some of these tokens the information a cemetery on obvious rug pulls hurts people I'm a little surprised people keep falling for them though. You gotta tell you That's not a very popular opinion hardcore analysis they will tell you that this is crypto and you need to do your own research and Tough That's pretty much it. That's really what they say So I happen to disagree with them, too. I think there should be a little bit. I mean especially with Centralized exchanges, I mean should we keep allowing them to commingle and rip us off Should we keep allowing them? this is a thing like How many how many of us are really in crypto right now if you walk out on the street and you say hey Did you did you Were you aware of that sweet bonk airdrop for Solana like I don't know you're talking about kid and that's it So like when I take a look at this We know about commingling right We know about taking it off the exchanges, but how many of us Are gonna be the sheep dogs for the sheep when they come in in 2024 5 and 6 and be able to say hey You know watch yourself because this could happen. I mean, I'll still be around you'll still be around obviously But it's gonna be so deluded with so many people and so much noise There's gonna be so many people getting ripped off left and right. Oh, if you're a scammer Bull runs are the sweetest so but again, you know, that's the That's the battle cry for for crypto too bad essentially See Chris has got a good point our recessions usually this anticipated I feel like everyone is expecting one this year could it be people front-running it could be But I got to tell you like before I got into crypto like I never invested into stocks or Obviously crypto Or t-bills or bonds or anything like that I mostly just invested into my businesses and to real estate because that was those it I'm like I thought stocks Were for suckers because I'm like who wants to wait that much time, you know I can I can buy a house I can I can rent it out. I can start, you know making positive cash flow right now It's good for tax reasons and of course if I really needed something I can just sell it immediately I just looked at stocks is like something stupid You know what are you gonna do and then um So I never paid attention to recessions and then I'm like, you know recessions here or whatever prices go down Prices go up. I always thought to myself. Hey prices go, you know prices go down And that's good for me. I can buy some houses and of course there was there's a recession short-term rentals I gotta do so well. It's okay I'll just do long-term rentals because guess what the people that lost their house because we're in a session That sucks, but guess what you need some place to rent. I got a place to rent come rent one of my places That's exactly how I felt and I didn't really care so much about it So with and I just responded so like with this one you're right. Could it be that? Well, maybe just because we're in this space, right? I mean Talk to any average Joe or Jane off the street and say what do you think about? You know the recession likelihood soft or or hard recession like I don't know I'm just waiting for a raise from my job That's all I see Is anybody ever swimming the pool behind you this pool? Well, it's a green screen. So no Ah, let's see Okay, Gustavo same thing There's gonna be a link Jimmy Christmas sweet green Joseph. Let's just do this Everybody come along with a ride on a ride with me Let's Update my website. Huh? Huh, okay Let's see. So I should have done this before but I didn't do it Okay, now here we go. Let's do this. Okay. Here's the website Again link in the description. Click here in the contest. Let's duplicate this Duplicate bring it down here. Let's change this out Replace image and serve from you are dang it. That's what I want. I don't need that Upload files select file desktop Where's that screenshot? This one here Hopefully this goes through. I've never done this live. So So sure That's fine Okay, and I'll say if you haven't Didn't see your name click here love To the competition Gonna be able to want to see that right So let's see white Okay Let's change this Come on New tab I'll make this link to Same thing new window. Yeah, sure Save Great. Let's take a look at this Okay, so there's the website again Link in the description. So what coin general challenge right here or prizes prizes prizes walking man mess medicine Click to see if you're in the contest which will bring you to this page. There you go You can see your name above click here to be out of the competition. You're gonna click there And simply your sweat coin app username remember There's your name and your username sometimes it may be different your username is this right here. You can find that in the app Okay That's a little longer explanation, but thanks for coming by Pull was emptied. It's now half up. Yeah, we have a leak in the pool. So now we have to have somebody in here There's a That's just how it goes leaks in the pools I think my wife would not appreciate that That is a good one Rob is a dad's a great password nine percent half-pied Ah, thank you, bob. I appreciate it The alleys you're welcome Aristotle It's a good question and andrew brings up a good point. How was bitcoin still at eight sixteen eight for all the terrible news? Great thing It's resilient but it's Bitcoin's resilient because of the people that have invested into bitcoin are resilient. That's what it comes down to Startlet's got a good point. You guy Ben Eric crown bankless Taught me so much a missing part is deeper understanding the tech beyond the company name You recommend how to educate myself at a deeper level. Andreas Antonopoulos is a good one And then also hashoshi who was also who is a developer and also has a great youtube channel Take a look at those two guys And of course if you really want to get well, charles hauston doesn't really do a lot of technical stuff on his channel Good question Peter says what would the best crypto legislation look like it would look like the same thing That law 230 did in the mid 90s Law 230 allowed for the internet to flourish and really what it just came down to is this it said If you are the owner of said Website you cannot be sued for things that are said on your website So as somebody was posting something or blog posting like that and you on the website They said something ridiculous or slanderous or whatever else you the owner couldn't be held liable And that's what held a lot of people back like I don't want to be sued because it's something that somebody says on my on my website That's one of those laws where Government got it right. I know people don't believe me that government can actually get things right, but at some point they can So for me what would the crypto legislation look like? It would just it would be a little bit more hands off But give us a little bit of guidance first. It would tell us what's this security I don't know why it takes gary genzler Years to do these things although he's been very clear. He's like I will tell you what What it is and he's pretty much saying everything's security except for bitcoin and that's it and That's how he interprets the law and it's it's uh That's where we go. So it would take an act of congress literally to shape what is a currency To define what a currency is to define what? A security is and to define what a commodity is as it pertains to digital assets I don't think we should be using the howie test from 1933 to distinguish what a digital asset is because if you were Use the word digital in 1933. They had no idea what you're talking about I think there needs to be some updated standards or at the very I think the best option would to create a fourth organization not the sec not the occ not the cftc But some other three or four letter organization in the government which can determine What a digital asset is you've already got a commodity cftc You've already got a currency from the occ and you already got what a security is in sec So just push it to the fourth regulatory Agency in the government and let them be responsible for a digital asset is and oversee that I don't I don't understand why they have to go through the sec or they have to go through cftc or occ it doesn't make any sense Let's see You're right Aristotle Paul You should really give bonk more thought look man, I took a look at it and I think it was a fair assessment of the video that I took about I didn't call it an outright scam I didn't I didn't say that it had no utility And I didn't say that it had the most fantastic utility of all time I just laid the points down and said this is where it is This is the price point of where we're at we've lost 50 percent This is the utility that I see from the website And this is the airdrop of what it was and 50 percent from the community That was it. I let the people make the decision Beyond that I will not be Investing into a dog coin paul. Are you going to invest into a dog coin named bonk? I Don't think you are I think you probably do some I think you're more susceptible to getting into if I was gonna invest in anything It'd probably dogecoin and the only reason for that is because I think at some point Elon Musk's gonna bring that in a Twitter bear is utility. I can get behind that and that's it Old bear. I've noticed home pricing starting to drop in our area. That's good Like I said on the NFA show it wasn't like the person that made the most money that we've ever known I was a guy named David from El Paso and he sold he was a big real estate agent or real estate broker Sold all his real estate in 2006 or seven Waited for the crash bought everything pays the dollar negotiated with banks all day long and bought up so much property he owns a Big chunk of that city now Just because he waited for the right time. That's just it You don't have to make you don't have to make all these fantastic trades and do all this stuff And then you just got to be prepared to be in the right place at the right time and have the right mindset If you can do that, that's all you need That's how champions are made I think Poom or rob up things website this will take all day. I thought it was pretty fast honestly It would have gone faster if my website was my connection was quicker I'm not a developer. I was just easy stuff So yeah, subscribe to very channel beauty has a great channel It's a great youtube channel and it's entertaining I do like it That's funny Bullish on rob's full of bottomism the bottomism. That's very true Yeah, Charles is more like a philosopher And that's fine. Everybody needs an outlet. That's why I'm on this channel Crypto Cito crypto Cito is the best cosmos youtuber. You're probably right and in uh one hour. I have an interview with him Let's see. Let me make sure that's right Come on phone do your magic So crypto Cito if you don't know He does a great channel. He's really big into Yeah, two o'clock He's got his He's really big into cosmos and he really goes deep into it. And uh, I just Likeed his videos. Jerry hall introduced me to him. So I said I'd reach out to him. Let's do a collaboration and talk to me and everybody About why cosmos is going to be so big one thing he did say which is pretty interesting he said because There's so many things being built on cosmos and correct me if i'm wrong wasn't luna built on cosmos Not that that's a bad thing but i'm just saying Let me make sure that's right. I could have sworn Yeah Tara luna crypto.com Adam and a bunch more they were built on cosmos Not that they have anything to do with it, but it worked You know, there was no hiccups and problems. It just you know, luna got ahead of itself and was collapsed by ftx. I believe so What was interesting what he said was all the when you stake um your adam You'll be able to earn rewards, but not just an adam in all the different cryptos that are being built On cosmos which is like a layer zero And I thought if that's true That's huge So everything that you stake on imagine getting like You you're staking your adam and you get also crypto.com and at some point you got luna and whatever else is on there now I'm probably not saying that right, but that's why i'm gonna have a crypto seat the one Mm-hmm Scott says government got a right against engineering many signs and conservatives would disagree look man So That was That was a decision by the owners of said social media outlets, but let's be honest If we didn't have section 230 would the internet have flourished or not? That's what you have to think to yourself Would people have said like yeah, we'll just you know, let it let it go and and now we can dip our toes And even though we might get we might get sued I don't think so. I think it's the same thing that happened or is happening with institutions They're like we'd like to get into crypto the problem is is that we don't want to be accused Of selling and dabbling in in unregistered securities and have a big fine I love really think about it. That's kind of like the price of doing business I mean jp morgan gets fine all the time. They don't really give to to shake. So whatever Yeah, right So dick says I added my name list. Don't see it takes time. It takes up to three days To get on there, but don't worry all your steps will be counted Plonko do better. It was called boob Yeah, gil's got a good point and someone said the same same thing After being in the crypto space the last year and getting screwed royally, then I see people make huge gains on mute coins Look, I look at that too. And I think myself damn. I wish I would uh, why no I In the beginning, I would look that and go man, I wish I would have caught that tailwind but in all honesty It doesn't matter you have to understand that I'll just show you this it's not about get rich quicks And You know, how much money you can make in a 24 hour period? I mean it is if you want to live that lifestyle But in all honesty, it's risk k So you can see let's do 14 days So Here's where it usually happens, right? If you're around here Great, you're making a bunch of money and if you can sell here great The chances of you are selling here are minimal Even though it went up 1700 percent, right a lot of people won't do it They won't sell here and they're like, oh, there's just a little bit of it'll go back up and then I'll catch it here A little bit of gains no big deal But then what happens is people just hold on because they keep believing and believing and believing and then down you go me personally this this Is just another part of the crypto market that is just inevitable. I don't care about these What I care about is these I'm not perfect But I know that if I just stick around I pick the right The right crypto is the right digital assets and even if as slow as bitcoin is Like I bought right here no I bought down here 7700 bucks, but I also bought here at 12,000 and Roughly 17,000 Then I lost it And I just held on to it and I kept accumulating Again, I don't care about this stuff. I don't care about these peaks and valleys I'm waiting for the opportunity to sell And I didn't sell up here, but I got pretty close. I didn't sell all of it But I did okay. That's all I care about I don't care about 24 hours like the year strategy and We did a video on this we compared investing in Two years after the alt-mi which should be 2015 2019 and 2023 As compared to investing one year after the alt-mi and it's not even close It's actually two years and it just takes time. That's it That's it Ah almost time Oh dicks you down 1% Nikolai so once that interview I don't know I got to do it first Can you do a how-to on fixing your pool? I cannot Yeah, this is a good one. Doug says I made 20,000 plus from an early ship investment of 400 dollars I'm out now, but ship does have an ecosystem and some building happening. I still won't go back though nor will I with bonk Yeah, it's just depends on your risk talents Nikki says what's your favorite food there in Puerto Rico? None Not a big fan of the food here. Sorry Puerto Ricans. It's just the truth Uh I like San Juan smoke house that got my favorite which is brisket But it's very difficult to find good food for me Right because I mean In Texas most specifically in El Paso, which is right by Mexico. Everything stays a certain way in a super spicy here Not like that Who dcf cosmos is ridiculously bullish cosmos stk tinder mint Used by a lot more products than most people know it's true. In fact, Binance uses tinder mint I'm not cadena does as well. See that's the thing about cosmos. I need to bring the people's attention Oof crime any Christmas Electricity said a double in san diego. Yeah, again, I mean people are spending like it's people are spending like it's 2021 I was listening to the all-in podcast and uh, I don't know who was it was gold it was sacks or Or shamath somebody was in in Las Vegas for the holidays and he was in a taxi ride And then a tax cab driver said yeah, I've never seen Vegas this packed in December It goes usually, you know, we get you know a couple people here, especially for january He goes but I've never I think he was like in his 40s or something like that He said I've never seen so many people in Las Vegas than this December people are traveling and spending like Nobody's business. I think it's gonna be it's gonna be tough when you start to see those you know Maybe those layoffs and and things like that however one more thing that was interesting is that Uh salaries keep going up so I'm like you know if the salaries keep going up for in different industries And uh the inflation becomes stagnant or drops a little bit or even goes up a little bit Then you can handle inflation. Is that good? Will people get used to it? It's not the That will be bad overall for the economy because we had to keep everything high But that's looks like these things. That's what we're going to that's a problem moving forward Yes selling may and walk away And then something about come back in october and something something I can't add you personally. You have to go through that link Gio says since the unemployment rate has fallen in december the Fed increased in the rate. Is it actually working? Not not overall looks like how long are they intending to do so? Until they get under control And they're not going to stop. I'm going to ask you a question Who Who was The fed share in the 70s before vulgar Does anybody know that name? You probably don't most of you don't because He didn't do what he was supposed to do which was put inflationary control. He is a footnote in history Nobody references him his name is burns and I don't know his first name burns was the fed share And he raised rates thought it was under control pivoted Didn't happen doubled up. It's like not extinguishing a fire and then He got fired and the vulgar came in and said, okay, I'm going to be that guy I will stomp out inflation. He did and it was brutally tough apparently But his job And he avoided avoided what they thought could have been a not a recession but a depression So I think that's where Jerome's going for Yeah, scouts got a good point How will the fed increase the rate the rate works a lower inflation when congress blows up the spending? Praying the tune of 1.7 trillion America Yeah, and that's it Ah Arthur burns Salaries keep going up, but never keep a some inflation the big boys only for deflation because they have leveraged I think some of our thanks fraction reserve Yeah, that's it. All right, everybody. So that's it. So look we've been here an hour and four minutes It's always fun to hang around chat with people ask some questions And uh, that's all so I got today is a full day. I've got That's crypto sito and jerry at two I got omar interview at three omar. It was interesting he was He was a guy that was uh A multi-million dollar trader and he lost everything In the crash this recent one and now he's working in deli so I'm interviewing him and then uh Papa Papa Mike From ladies and denets nft projects at four. That'd be good and then next week I got sin city crypto and alaska gold rush and then also Like a local lawyer is going to come in and talk to us about What it means to create a trust? Or a will These are the things that you can that you can help yourself with the family So especially trust which is what we have when you Transfer everything over and tax incentives and blah blah. So that'll be coming up next week. So anyhow everybody Thanks so much for stopping by appreciate like this video thumbs up subscribe all that good stuff And that is it for today. So thanks so much for stopping by appreciate you and I'll see you on the next one obvious