 Great one digital asset news to get top stories and crypto and break them down into bite-sized pieces So today just as the thumbnail and title suggests. It's really time to focus on exactly what's important Kind of drawn out some of noise. So we're gonna take a look at exactly Well, these try to what is going on in the market and we're gonna try talk about focusing on what you can change You control and we'll talk about some real news and a little bit of things that are going on as far as investing Also, we're gonna take a look at there's a narrative popping up Which is Russia finding the way around sanctions through crypto and digital assets and will this hurt the narrative of crypto We're gonna take a look at the flip side of that exact argument and then lastly we'll take a look at how there is a particular mining pool which are shutting down Russians and Also, Kazakhstan has an energy issue and we'll take a look at what the repercussions are I think this is a story that is going to unfold massively as time goes on and lastly We'll do the Q&A five questions in five minutes Just so you know, we're gonna do the DCA show which is me Ben from into the crypto verse and James later today So I'll get the information out as fast as possible But before we do that, let's take a look at what's going on with the market and also if you're watching the live stream Welcome, I appreciate you waking up or you know, whatever time it is where you're at But if you're watching the replay just know there's gonna be timestamps below so you can fast-forward and do whatever you want to it's pretty sequential manner and The news takes about 15 minutes and then of course when we get to the Q&A she'd only take five So about 20 minutes in total. Hopefully let's break into it Not so first things first. This is what we got We had a bounce yesterday and yesterday. It wasn't let's just say let's just call a spade a spade is crappy day crappy day, I mean globally a lot of people lives were lost War is just one of those things that you know, I've lived through quite some time Serve in the military and I just don't I know why wars are waged. I understand. I'm not not that naive But it's just it's just it's always shocking to me not shocking It's just always amazing to me that it just goes on and on and on and never stops So right now I thought we're going to drop a little Further, but we didn't and the question is why didn't we drop further? Well? I think there's some answers to that question But really let's just take a look at what's going on right now that we know concrete facts right now Mark caps at 1.8 and we were at 1.6 trillion looking pretty good Bitcoin bounced tremendously 24 hours 10 percent a theorems up almost 13 percent finance coin 9 percent XRP And that lovely 6th position at almost 11 so on is up 11 percent Cardona almost 13 percent Terra Luna up 26 percent in 24 hours and then on down the line I think anything really went down per se in the top 100. Yeah So, I mean, it's a pretty good day if you're looking at and this is what I was talking about yesterday I I didn't know where we were going. I didn't know if we're gonna fall, you know precipitously if we're gonna Or bounce back. I didn't really think we're gonna bounce back honestly But again, I always have my order set up on Voyager and they they go off without a hitch There is no emotion involved. It's just investing and I buy the same damn things all the time And uh, I talk about you know, it's bitcoin ethereum chain link cardano Algo, I also gala and uh, I probably forgot a couple But it's like every single day it just goes off I don't to think about it and I'm glad it actually I set it up that way because It's tough to go back in there and go. I really want to buy this to our link because I want to wait But Over time it works out. So that's what we have as far as the market and I want to just really just dive into what happened Yesterday with the market itself. Just so you know Uh, this is what happened as far as like liquidations for shorts and longs And if we take a look over here see this 24 hour rect That's how much was lost For leverage plays longs versus shorts and all that stuff So about half a billion, which is not too bad. Honestly, I mean we've had more But it was quite a day and a lot of people got wiped out And if we take a look at this is my favorite chart total liquidations I'm not for leveraged Traders, I just not because I think it's just uh caused a lot of volatility But you know, you can't avoid one glaring fact see these reds right here These are all the shorts those who gets liquidated in the shorts, but see even on the green I'm gonna get us out of here You can see that people who go along Get liquidated a heck of a lot more than the people who go short and even yesterday It was as you know, it was about 50 50 split roughly, but still long still got liquidated more than shorts So if you're over there, you're like, well, you know, uh, I always say, hey If you're going to deliver trading, you know, know what you're doing A lot of people will tell me, hey, you know what I do and I've been shorting this like crazy And I'm making a ton of money works out for you works out for you. That's fine But uh, it's not my play and uh on this channel It's investment opinion not investment advice and do whatever you want to do But I can tell you right now as time goes on I don't think the shorts are going to keep making it like they have in the past Just my opinion and also, uh, yesterday was a concerning day because we always have this narrative About how bitcoin is gold 2.0 and gold, you know And I'm gonna I'm preface it with this I own gold I own silver and I own bitcoin I just own a lot more bitcoin than I do gold and silver But to me gold is not going to make me rich Gold is there is like A wealth preservation type of thing, but it was concerning yesterday because We saw it. Let me blow this out This was yesterday and the price of gold went up pretty high I mean for what it was let's just take a look at three months I mean not back here, but you can see it was like at a low of $1,800 and all of a sudden before there was like a big peak of almost $2,000 and the and then the question became well If gold is I mean if if bitcoin's supposed to be gold 2.0, why did drop 12 percent? Well, I think people got scared and uh, when you get scared you make some decisions You're like, well, I'm gonna go into gold and nothing wrong with that. I don't care what you do I just don't understand why the gold bugs can't uh come here at least halfway and go Well, you know, I can own gold and I can go bitcoin I just don't understand the mentality of why not get into both of them But anyhow, uh, so what happened was we had a big huge jump up I think the narrative hit which was you know wealth preservation and the world's gonna go end and mad max thunder dome blah blah blah But then I think people came to their senses and they're like, well Is gold really gonna do that for me? And it kind of dropped a little bit and not to say that hey, it's still gone up Still done pretty well, but I will say this over 10 years Actually, let me let me go back five years In five years you could have gone from $1,200 all the way up to 2000 in 2020 and then 1900 if that's what that's your play that's your play, but that's not my play and I will just preface it with this This is why I'm always harping on dollar cost averaging. There is this website dca btc I linked in the description. You can prove it yourself. It's very simple and Statistically, this is how it goes. I'm just gonna use a hundred bucks for this example. Okay If we would repeat the perch just weekly Just weekly 100 bucks a week if we go for six months and if we came away for six months and we started six months ago We would have had a whopping four percent watch out I don't want to buy all the lambos at one time rob four percent. That's a boatload of money. I got you right But I want to show you something Over a year and a year 17 percent. All right. This is just bitcoin. I put 100 bucks in a week. That's not that's about that S&P 500 maybe a little less. All right. Well, let's go two years and go two years And now I have to take a look the percentage change not so much the the dollar amount Look at the percentage change 216 percent I mean, you would invest at 10,000 and you would have had 33,000 over two years. Okay. What if we did that for three years straight? Now we're looking at something we would invest at 15,000 would add 74,000 percent change 375 What if we don't for four years? Okay, 512 percent now. Let's go. Let's just go like six years something crazy if we don't know for six years straight We would have put in 31,000 of a hundred bucks every week and we had a 754,000 or a percentage change of 2,300 percent Now I want to show you something There is this compared to other assets part here. Let's click yes and what I want to do Same thing here. We can compare ourselves against gold Well, if you're looking at gold the percentage change over six years You would have not 23% with bitcoin 2300 percent and you're welcome to play around with this as much as possible Share it with your friends and family But that's why like when I talk about dollar cost averaging. I feel like That's one of those superpowers that you can really get into and it kind of changes a lot of things And also people will also ask me but rob. What about saving money? You can save money That's I mean, that's what my grandparents told me. But here's a little thing This was from uh, carl Mingris is pretty funny actually. He said just saw a bank commercial promoting parents setting up a savings account for their baby Bank savings rate is currently point zero one percent So if that family puts in 10 grand the kid will have made 30 bucks when he's 30 years old Enjoy your free lollipop In 2052 and that's really what it comes down to. So again, uh, this is investment opinion I mean, this is what I'm doing. You don't have to do any of this stuff You can go to the bank and put it in point zero one percent if you want to I mean lollipops are great But that's what's going on So that's what we have here for the news and everything else just want to go over that But let's just talk about real quick about focusing on what you can control And then some real news and talk a little bit about investing So what I found on the lane, excuse me the mainstream media It doesn't matter So I don't know if they report on this stuff So I'm just bringing this to you twitter is a really great place to find some news now There's some false news You will see a bunch of images that are from games and not from Ukraine But this is just something that I've picked up There is an anti-war protests in russia And then this was also people watching through central Moscow It's a no to war. So it's not like everybody wants to go to war I think the people that want to go to war are the war mongers and of course the people that are in control because of power And also I want to make mention of this as far as like investing Let me make this very very clear before I even talk about this I said this in the beginning, but I need to make it clear because I don't want To be misunderstood. It's awful. What happens war is awful. There's nothing the good never comes out of war Except for of course the war machine makes a boatload of money So when I say about this, can you control what's happening in Ukraine? No Can you go over there? Even if you're in the United States, can you go and fight for Ukraine? No, you can't US will send troops uh to the to help out nato But they're not specifically going to send in troops into Ukraine Can you do pretty much anything? Well, you can donate and we'll get to that in a second But I need you to focus on the things that you can control I know just like me you probably have consumed a boatload of news. So it's time to denoise some things So let's take a look real quick. Okay, so just so you know We can control our own finances. We control the things that are around us. Why is that good? Well, if we can control our finances and we can make Uh a little bit profits. What can we do? Well, we can then go out there We can do the fff which is Fulfine we can financial fulfill financial freedom, of course and the f is fulfillment What would make you fulfilled? Well, maybe if you could donate some things So if you can do those things and take care of your family and also take care of people around you Probably works out pretty well and also you can probably even donate to Ukraine if you want to do that type of thing So look at this. This was from diddy from the bitcoin family. He actually put this out and he talks about uh this is Buying the invasion Let me see if I can blow this up Look at this the gulf of tonkin incident for vietnam war, you know, which Depending the stage. All right. So buying the invasion here. There was a big drop off For the stocks and then what to do just a huge rally up it goes Gulf war same thing. It was doing pretty well Then there was an invasion dropped off the cliff everybody thought it was gonna be awful and then look what it did Afghanistan war was doing pretty good dropped off a cliff came back down, of course And then we had different issues Dot com bubbles and things like that iraq war 2003 not bad I mean, we were doing pretty well dropped off a cliff up. We go the crimean crisis Went down and then went up and I think we can kind of see those same same things kind of happening here with bitcoin Kind of goes down then comes back up s and p 500 nasdaq. I I expect to rebound today I expected yesterday would be awful. I expect to rebound today. It could be wrong but uh, you know, that's that's wherever we're at so Just remember these things as far as like when you're looking at the big picture and controlling the things that you can Understand the things that you can't and the wisdom of the difference between the two which leads me to my next point Donations So i'm not going to harp on you on donations I want to tell you that this is great that people are donating But you have to understand that there are a lot of things out there that even though you give money It made it go to the right places and also I think there's a bigger issue coming up I'll get to that in a second. So just real quick. This was yesterday Thursday bitcoin donations to the ukraine military are soaring as Russia invades So this is actually my next point. I should say Finding the way around sanctions and the flip side Before I talk about this it's because there's been a narrative out there that crypto is bad because it now allows Putin and china everybody else to get around us sanctions because you know We're talking about taking them off the swift system Which is the ability to transfer money around the world in the banking sense Which is just really a messaging service. It's awful and it's their archaic, but it still is what they use So the problem is they're like well if they get into crypto then they can just bypass sanction Then just awful hold on so it leads me to the flip side of that story Which is you can also move money around Very fast and very quick and get into the hands of people who actually need it right now And pay almost no fees. So this is data from blockchain analytics firm elliptic It shows it over a 12-hour window. There is a nearly 400,000 in bitcoin was donated to come back alive A ukrainian non-governmental organization providing support to the armed forces. There's a link to this article I'm sure they give a link to the ukrainian on the organization You can donate that if you want to but also take a look at this one hour ago, this was uh Well, this was yesterday February 20 February 25th one hour ago someone donated 80 bitcoin Which at that point was worth 3 million I might add in one transaction to a charity organization Supporting the ukrainian military. How would they get that there if it was just banks pretty tough to transfer 3 million dollars? Not for bitcoin and also like to make mention of this. This was 3 million dollars yesterday because that nice fat bounce Uh, this was The transaction hash you can find in some black chair or anything like that Uh, just follow me on twitter that news asset and you can find that tweet You can click on the actual transaction hash and this is what will come up. I want you to notice something first of all The amount now was 4.2 million And that's what how much is going through. Let me see something 80 bitcoin so first was 80 bitcoin now It's 111 bitcoin, but of course one of 10 percent because of course 2 percent great But I want you to notice something here this transaction fee was 14 cents So I don't know how many transactions it was all this was yeah, that's nothing So just remember that when we're talking about these things and and we're saying ah, you know I want to give money. You can give money. Here's a good way to do it I will preface it with with this. I don't know those organizations and in the past I've given pretty blindly to different charities Do you on research on these ones because sometimes the money that you donate doesn't go to the people or the things that you think it is and uh, so you have to be careful about what you actually give away and also Um, if you give money now, I think there's going to be a bigger crisis coming on the road as far as uh, The displacement of different refugees, which they will become refugees and the people that are out there And I think that's where the big money is going to come to and also if the sanctions do Come through with russia. I think there's going to be a lot more Humanitarian effort that's going to be needed going down the road because this has repercussions that'll ripple out uh things that If you're looking at three four five d chess, we don't even know yet. So that is what's going on anyhow Let me just think about that in the comment section. Let's move on to our next piece. This was interesting A mining pool shuts down russians and we're going to talk about kazakhstan and a big energy issue. So here's um, what we have here This was a coin desk. Let me blow this up Ethereum mining pool flex pool halts all services to russia in wake of ukraine invasion So i'm going to get to the point of we're Even if they do that they can't shut them shut those down. I'll get to that in a second So flex pool is the world's fifth largest Ethereum mining pool it uh became possibly the first of its kind to cut services to russian users Following the country's invasion of ukraine. So some people will say well, why do they do that? That's not the people of russia Wanted the invasion you just saw what I showed you there's people actually going against this war. So why do it? That's the question We generally do not get involved in politic and politics despite our personal views as a company Uh, flex pool sport sports and said however, this is greater than politics greater than anyone. This is a war that may end the world Potentially world war three. I think it's going to be more of a a cold war but uh, hey I've been wrong before It certainly has ended the lives of many innocent people in eastern europe The pool doesn't want to profit off the crisis or funded indirectly So is cancelling all services the russian ip addresses and paying outstanding balances to effective users And they apologize to the russian miners Hive on the second largest pool posted a message of solidarity But uh, they didn't announce any type of action just like flex pool did however. It is pointed out that uh Miners can still use efficient vpns to bypass Flex pools restrictions. So here's the thing First of all, this is the company flex pool.io. You can start mining There's two ways. I think you can do it one is you can rent the miners So they probably shut that down that makes sense, right? But also if you're a miner you can just point If you're in a theory of mine or any miner as I understand it, I don't mind I talked to a friend of mine brian today and he said yeah, you can just point it anywhere you want to right So if you got a mining rig, you're like, well, I could point it to flex pool or I could point at any other pool That's the whole point and I can do it that way. So flex pool. That's how it is So the question then is well, what if all the different mining operations says no, we're not going to take any russian miners Well, you still could use a vpn I suppose and of course if you're doing any kind of rental they can shut that down So the question then becomes well, why punish the russian people instead of the russian government? And that is a lofty question and I can see both sides of it. They're like, well If we don't take action then it'll hurt Ukraine But in all honesty, it just hurts the russian people the russian people are going to be hurt Severely, I think by these sanctions people they can say no, it's not going to happen this I think it's going to I think it's going to be Not catastrophic, but I think Even with the amount of energy and the barrels produced from russia to actually get out and then the sanctions that us says Hey, we're not going to take any of your imports. We're not going to export to you We're also want the the eu and made it to actually come across this That's the whole point of germany getting on board and saying we we're not going to buy Energy products from russia I think this is going to be pretty bad So in all in all honesty, it also comes down to this and this was the the last part here If they can do that if these Mining pools can do that. How is that? What does that do for crypto mining that is being taken place in russia? because russia's big thing right now is They are a hellacious producer of Oil and that's where germany gets a lot of its electric power I think it's that and also think of natural gas and there's something else correct me in the comment section and I also took a look at Oh, let me just read this first Russia's home to 12 of bitcoin's global mining hash rate with over 5 billion worth of crypto transactions Conducted every year and how do they how do those miners do that? Well, it's because It's cheap electricity right now The biggest attraction for such progression is cheap energy mainly electricity Global petrol prices data show that the price of electricity in russia was 0.05 per kilowatt hour for household and 0.08 for businesses So, you know as a miner your job is to find the most efficient place the the lowest electricity costs and here's the problem If we put sanctions on russia And we say we're not going to take any of your imports Even if that's oil well, now they got to find other places and it could they could go right to china china like sure We'll take it all. Yep. I'm not here to debate that part The thing that was interesting to me was here is a list of all the oil production per day Based on 2020 numbers. I couldn't find 2021 But I was kind of surprised. I didn't know us produced so much oil per day 11.3 million I think it's because we have different areas that we will not drill into because they're sanctuaries But maybe that might change. I don't know Russia's number two. Saudi Arabia is number three 9.2 9.2 million barrels per day. Yeah, canada iraq china united arbor and and so on and so forth so that's what we have right there and First of all can everybody still see me because I think I just lost power maybe Let's see. I know it's a little bit of delay So let me make sure that I'm actually up and running because I don't think I am I don't think I don't know how I could be actually Okay well Look That is Let me see something real quick You got a lot of Puerto Rico Huh, I am still Sorry about that Sorry a little bit of delay. Okay, so Now to get into the train of thought the thing is I just the question that I have right now is this If we're going through this problem right now with with electricity and things like that What's that going to mean down the road? I think that could be again It's all about what you can control you can't control the things you crane if you want to donate to them That's great. Go right ahead, but focus on the things that you actually can control and go from there. All right So that's it. Glad we actually wrapped it up at the right time. That's what we have for today As a quick reminder We will be doing the Missed it Well, let me just let me start. Let me say this real quick. Kazakhstan is thinking about moving 30 of their equipment out of Miners out of Kazakhstan and just so you know, it's all about again electricity and wattage per hour, so I pull up this map Because there's always this these little talks about like people only know where the hell kazakhstan is I was like, that's a good point actually. So I'm just going to show you. It's right here Kazakhstan right there Then there's Ukraine. There is Moscow Lithuania Latvia Estonia Belarus and there's Russia. Okay, so now everybody knows where these places are great The thing is is Kazakhstan used to be part of Russia now. It's not it's a republic just like Russia is But see how close it is to the border. I just curious to see what's going to happen Because Belarus all those tanks rolled through Belarus and right to Ukraine didn't seem like it was a big issue So now I'm just wondering like if you were a miner would you want to keep Your miners in Kazakhstan? I got a great place for you. It's called Texas and we got a boatload of wind and solar and gas and uh, if it really Disturbs you we can tackle that esg problem with again wind and solar So if you don't like Kazakhstan, you don't like the part the fact that there are going to be Putting up another tax for bitcoin miners. I got a place for you and that's all I wanted to say Lastly, I will say this We will be having the dca show. It'll be today at 4 p.m 3 p.m eastern High noon pacific that's with me ben and james from vest answers. So check that out And that concludes today's news man that with way too long I'm sorry a lot of things going on, but that's what we have So you like today's video give it a thumbs up if you don't give it a thumbs down But tell me why in the comments a why you didn't like it? Hopefully I can fix it next time and also consider subscribing. So that's it for the news Let's jump into five questions in five minutes and get the heck out of here a lot of things going on okay comments XRP so the somebody asked where can I get XRP XRP is on cucoin. That's right And also You're welcome High noon when it's ancient times. I'm old all people say stuff like that That's right man. Quebec has a lot of electricity. I think it's uh hydro So also in upstate new york can get a lot of hydroelectric power Rally think of the cl visa card. I don't know cl I'm just still waiting for my voyager debit card. Damn it. And uh, we'll go from there That's right jake. That's what's up. Oh, I don't want to talk about that Oh, that's a great question far as says dan question number one Did russia just bail out the federal reserve by giving them a fantastic reason to keep printing usd Messing allow us to inflate a way more debt. I gotta tell you It's a nice coincidence all these things going on right now If that was in a rock and a hard place It wasn't like the 80s when you had the federal reserve chair volker Or he said i'm gonna raise rates to 12 13 and you're gonna like it And he did that to avoid massive recession and he succeeded The problem is that we can't do that now because that would that would It would like be putting a enormous spike right through the Engine of the stock market and it would just shutter and stop so we can't do that But we can maybe raise it a quarter maybe half basis points and that's the most we can do So with this coming about with the war, it's amazing And now the feds like and there's been talk about them going, you know, we don't think we can raise it right now Maybe in the future, but you know what that's okay Because 35 of all the dollar bills that are out there have been printed in the last two and a half years So sure, but if you want to think that there's inflation isn't going on It'll keep going up until we can raise rates. That's what's true Uh, what's the island to live on guainabo question number two Question number three. Are you still long bullish on voyager? Yep. I am and uh I think we all know I don't know how many I think I've said it's like 20 times I screwed up on the price predictions on that one I call and one of the 29 cents that I was going to 30 bucks. That was in january 11th Watch the video it went from 29 cents to seven bucks, which wasn't bad, but it didn't make 30 But they kept screwing around with the loyalty program and it went from 22 and 22 million The max amount now it's over 300 million because the merger with lgo and the lgo damn it And then of course it just didn't work out as well as I thought it would but I've had Steve on the show many a time. I think he I know he wants to fix it I know he wants to make it better But for me, I'm just like what if you use voyager Why don't you just have at least void 500 voyager tokens because you get just a bump in everything You get a bump in the yield you get a bump in the uh for your Fees that you do for trading uh to actually reduce those you get the debit card for free All these different things for free And I was like why wouldn't people just get at least 500 tokens and it's not like it's pretty damn stable So it's like free money. I don't get it. I don't get a lot of things though I don't know what that question is that doesn't make any sense Okay Someone just said that uh, Elon musk is getting sued by the sec for insider trading. I don't know Love to see that because guess what well, I'd love to see that actually See what happens I mean mark cuban got sued in 2013 by the sec and he beat the s he beat them in the court case so Working you buy crypto in new york not many choices. I think coinbase and gemini pretty much that you're only You're only game in town And that's question number four Great show. Thanks okay Last question and us if you sell bitcoin, do you have to pay capital gains tax at 15 20 percent or income tax? I enjoy your present. Thanks, man. So it comes out of this um capital gains It's a difference between short term and long term short term If you sell it that means you've held it less than a year and that means that you are subject to whatever your federal rate is that you um File your tax center. So if you make a lot of money, you might be in like that 35 37 percent tax rate or maybe even 40 percent Depending if you don't make too much. You might be in 23 27 percent So that would be the that would just fall on the short term capital gains Now if you keep things more than a year, that's long term capital gains And it's usually around 20 point something. It's like 21 percent. That's the long term capital gains But that's federal You also imagine or remember that in every state they also have additional taxes in texas. It is zero I believe florida. It is zero california It's something stupid crazy like seven percent. So I don't know why anybody would want to live in california That's the wackiest state. I've ever dealt with and that's it. So look, uh, 32 minutes, man I didn't hit my goals, but there's a lot of information. So look that's it for today Uh, thanks for sticking with me for the q&a if you liked this video give it a thumbs up You can do the thumbs down. That's cool. Just tell me what I messed up on I'll try to fix it and consider subscribing you do this every day and that's all so I'll see you guys If you want to stop by for the dca that'll be on ben's channel and I'll put it out on twitter You can follow and then links in the description all the good stuff. So that's it Thanks. I appreciate it. See you on the next one. Bye