 Dan's got some time. We'll do a little Q&A and we'll bounce some questions out there and we'll answer all your questions The best of our abilities and go from there. So let's do it. This is my bed This is this is my favorite part of the whole show. Just so laid-back, right? It's just like. Oh Yeah, I I starred some let's see Transics then as a statement which is pretty solid DA and you will win regardless DCA and you will win regardless I gotta tell you it's like one of those One of those superpowers. Yeah Do you do you DCA? Do you DCA so I what I've been doing lately is I do what's called micro DCA which is because So we have the show on Fridays, we just didn't do this Friday. It's me Ben and James and it's the DCA show and Ben is from into the Cryptoverse is is pretty adamant He's like this is not the time to buy altcoins and James kind of like add Buy whatever you want and I'm kind of in the middle because I'm like, I don't really know because I'm not smart enough to really figure it all out So I thought to myself instead of continuing on with the same DCA price. Let's say Let's say I spend $100 on Cardano every day, right? So instead of doing that. I'm like, I'm gonna put that down to like I'm gonna reduce it by about 80% Right, just like 20 bucks a day or a week or whatever Whatever I'm currently doing right now and I just nibble a little bit and I and it just goes in line with my rules Which is don't invest more. You can afford to lose so I figure like okay if we go down from the mark have a 820 or 30 billion and it drops to 400 billion or 300 billion if I if I drop that much 60-70% of like the you know 800 bucks that I put in for the month It's not gonna crush me and all they got to do is keep doing that and tell things turn around and then maybe I start to Sort of micro DCA I just small DCA and then go back to regular DCA and I really DCA So right now I'm still doing it, but it's at a select group of Crypto's and what I try to do is even these days. There's only one thing I'm buying every day And that's Bitcoin, you know most everything else is just once a week and I just kind of go from there So I just say damn what about yourself? I I I think DCA is awesome dollar-cost averaging I really think it's helpful Especially if you don't have your mind in it and you're just like you want to go do your stuff just set it and forget it I think it I think it's good You can even look back on data. It's like in the long term it could be really if you're winning But but for me, I can't do it because I'm like I'm always watching the charts I'm always like, you know, wow, this is looking really overbought I think we're about to capitulate soon even if it's in weeks and it's like I'd rather just wait for certain events to happen where I'm like You know in buy the dip mode, especially now that we're like towards what I say is the bottom range So I'm kind of more just since I'm watching it all the time I'm like I buy when I when I'm really feeling it you know I'm saying got you so like like I had Tom crown on the show and He's more of a trader. Well, he does more trading but he even he says around this time He's got a Holdle a hodl bag. He's also got his trading bag. Do you have that yourself or is it all trading? I? Don't trade really. I mean don't trade. Okay, actually. I mess around a coup coin with like with with leverage I do like just for fun. Like it's not like, you know But that's that's it and most of the time I'm losing like I'm not a trader I would not you know, I would not market myself as a trader. Yeah, I'm a macro investor That's where I'm comfortable. That's where I do well Tom he's legit. He knows what he's doing. He's really good at it. He does. Okay, so I'm asking about the leverage thing So is it leverage like a hundred X or the leverage like three X? It's it's a hundred X if it's just like do we're pumping it's like minute by minute pumping You want to try and ride that way? And then it's just kind of like maybe five ten X, you know, oh my god, Dan So this must be you must be a real gambler out there. Don't ever take Yeah, I used to When I was little my grandpa used to take me to to the horses No, it's like you don't he'd always say you we're not here to win money. We're here like we're here to have fun You know I'm saying so it's like it plays into don't don't spend or do things that you can't afford to lose So if you're gonna do something like that, like that's something you have to have in mind But right and find you I will say like I'm terrible at it like I'll enter along and I see like, you know Cardinals like falls like point one percent. I'm like, oh my goodness like daddy that zoomed in emotional part That's not me as I'm not I I don't have that personality at all. No, I got you So so so the reason so like I say don't use leverage because it's just a blanket statement because I don't want to people say well Rob said this To don't don't use leverage. Absolutely. Yeah, don't do it unless okay, you know, it's like it's like it's like going Hey, you know what? I'm gonna go buy a scratch off ticket today, you know, I'm gonna go Exactly what it's like. Yeah, right, but I'm not gonna tell you to go Hey, go get a scratch off tickets Sell your house sell your kids sell your kidneys and put it on scratch off tickets Yeah, if I say scratch is like, you know, Rob, I sold both my kidneys and now I didn't even scratch off tickets I'm like, well, I don't want to tell you exactly Don't do scratch off tickets Don't do leverage or scratch off today that we're trying to say here So this is the comment also transcend my wife saved me I guess this is when you were talking about stablecoins putting everything from your bank account to stablecoins It would it would have made sense back then, but but an awful scary Dr. Payne says I don't trust Binance or Gemini. It's a good. Well, don't trust anybody actually and then also coin based and crack Let's see where we got here Dr. Payne says Dan this is for you Dan not me Dan What's your thoughts on using a self-directed Roth and holding your essence on a hardware wallet now before you answer this? I believe dr. Payne you have set it up as a as as a corporate structure So if you're gonna do a self-directed Roth IRA and correct me. I'm wrong here doc You got to set that up as as a corporate structure lots of paperwork to do that in a self-directed IRA So Dan do you do it first of all do you do anything with Roth IRAs with crypto? It's on your screen right there. Yeah But shut up that's a shout out to the digital asset news sponsor I trust capital click the low sign up now. Yeah, exactly. No, but seriously, I do I have Cardano sitting in there I mean, it's it's it's a great thing like That's That's what I do. Yeah, so that's what I do too But I will tell I will stress this with everybody you don't control your keys with yeah I trust capital and there was recently that I think there was recently some concerns people were calling them out being like Yo, what's going on like they were down for like a day or something, but they're fine from what I saw that was back in March They were down it was down for two days. They said we were doing some of them with the what the website Of course everybody's like no, you're not you're taking all our funds. Yeah, exactly. And then we So we had the CEO on and then we did a follow-up because people were asking well if it's in cold storage It's in fire blocks or a coinbase custody What happens when coinbase collapses because and people were saying coinbase is gonna collapse at some point That means that all of our funds in the Roth IRA are now gone Yeah, and we so we take a look at in the terms of conditions It says very clearly that what if it's in coinbase or into fire blocks It is a there's not a co-mingling of funds They are segregated and if the business collapses the business collapse What'll happen is that you will get transferred back to your funds But you must pick a new custodian before everything's are are completed So there is that part of people said well, Rob, do you trust them? Look You can't trust anybody you can't but I will tell you this if I lose out and something happens I don't know there's an EMP attack and aliens come down. I have no idea and all my funds are gone from from from I trust capital It's not gonna crush me because I can only put in $7,000 per year based on American tax law guidelines and that's it So but if it's not from is that if it's not for you you say I don't want to do that But don't do it I'm just saying this what I do because that is what Peter teal did he put it into a Roth IRA all his PayPal shares and they're now with five billion dollars and he's gonna pay Zippo on capital gains tax when he turns 59 and a half, which I think he's a couple years away There's a long explanation. Sorry. No, that's a good explanation Joseph what's your thoughts on Bitcoin price as we came from 67 to 16k is there This is a good question. Is there any chance we can cross 70 k in 2023, then I know you talk about this on your channel Do you think that's even a possibility even in the macro events? Well coming out of Coming out of the low in 2018. There was a big pump. I don't know if remember or not and then it's kind of like Covid stepped in eventually and it like kind of screwed up the charts a little bit but I would say this to answer the question. It's obviously anything's possible, but The biggest thing I've been talking about last few days is because I kind of recently discovered this was in the last 69 years of recessions bear market The year before the recession was was the worst year so basically if 2023 is the year of the recession that's defined by all the headlines in Wall Street Journal because that's what it's looking like It's going to be 2023 is the recession, right? That means that means 2022 was the worst year and I really think the headlines that we're going to see about 2023 being the recession and all the fear that's there I really think it's designed to you know Keep retail out for as long as possible keep them fearful because I think 2023 is going to be that's where the opportunity is and I think we could totally see in 2023 some ridiculous pumps. I think it's actually This is how I see things is my opinion. That's it. I think it's more likely that we see like, you know 100% 200% gains So I think it's it's definitely possible, but And and it's really based off of I think the worst is over. I think the band-aid is ripped off Yeah, but you know, you never know. I mean look at the war comes out of nowhere things like this happen You know and it's just like you you can't You can't predict that you can't predict it and like I I This is another one of my mistakes I thought that the bottom wasn't in because of macro events that were going on globally one of those being Of course inflation of course the war in Ukraine the problems with supply side issues I just didn't I thought the bottom was in because of those issues Yeah, I did not foresee a total collapse of well potentially Genesis FTX for sure block fi. I didn't see those things happening So even though I was right I was wrong in the in the perspective But it did make me realize this and that is that our market is fragile So something else happens in the contagion I think that's where we see the next leg down these things that are happening But I will say this too is we had Luna and Celsius and FTX Yeah, and in this bear market Bitcoin is not doing anything different than it did last bear market Like all that has happened and the bear market if you look at cycles it kind of looks the same Obviously it led to a capitulation and a leg lower Yeah, but the Bitcoin is not doing any worse and there's still plenty of cushion to the downside And I will remind everybody that in 2018 when we're you know, I remember doing videos and it's just like depressing Three to four thousand dollar Bitcoin Everybody thinking man, we're going lower This is never gonna end and then boom in the next six months Bitcoin pumped 300 percent, you know by by summer Yeah, it's like those things happen in crypto Usually after everybody just kind of gives up and it's like that's never gonna happen again That's all that that's just what I've seen over the years and like that's why I say I wouldn't be surprised if that happens again You know what I'm saying? Yeah, I can see that and then there's a question I'm not for sure. We have a chance to ask Dan why he's pushing a security and they aren't available look First of all, we have to define what a what a security actually is and I can't tell you what it is And I and even Gary Genzer can't tell you what a security is It's up to to Congress the lawmakers to make to distinguish what that actually is and go from there but what's the question push who's pushing a security and I'm trying to figure out with the question we asked Dan why he's pushing a security. Am I pushing a security? What's well? We're both called Dan. So it could be me Let's just say we both are because let's just let's just assume that I think he's talking about Cardano I bet you I get that comment all the time Now well everything's security. Yeah, well Cardano or soft Cardano has a bet one of the best cases Cardano did a fair launch in Japan Nothing was sold in the US Like eight eight is not a security So I think that's I think that bike if that's what you're referring to there's my answer if that's not what you're referring to I'm sorry. Oh, I I think it is because Mike's got another question the same thing Dan's obsessed with punching with punching 88 of the security now. They can't be bothered. I love these questions So so like so here's the question Mike. I have for you If Cardano is a security then we have to assume that everything is a security besides what would be Bitcoin? So here's my actually my here's my I guess the bigger question would be this What if for example we all own securities right now In crypto, but do we not own? Does anybody else own stocks here? I'm just questioning that that's a security So then the question becomes well if we do own securities and they're unregulated securities Who gets who's the problem with is it us or is it with the exchanges that sold those securities? And or is it with the projects? That haven't registered those securities and it or is it with the government who gave us no guideline? And they've had years and years and years. Who's it on but don't don't like Don't look look at content creators and and throw them under the bus Everything that we cover is it's strictly our opinion especially, you know, you and I right? We we sit here and we're we're not sitting here telling everybody to go buy stuff and you know FOMO into stuff This is this is how we view things. It's our opinion. Cardano has been a big part of my crypto journey So I cover it. That's and that's all it is nobody's pushing anything But there's also data that does suggest a does not a security at the same time There you go. Oh, that's good. See like and then you have to understand that I am super biased when I talk about these things they own all these things and that's pretty much it I don't own it. I usually don't talk about in this show. I've made that clear many times Also, this is a good one crypto owners the most helpful dude with the most negative dude in crypto in one video Dan that would be you with the most helpful and I would be the most Hopeful, which you're helpful. Oh, I said I thought he said helpful. Well, that's very nice. I I Hopeful the most hopeful do the negative. I am very negative. That's just how it is But I'm only negative in the short term you have to understand I mean in the long term like look, this is what I think is gonna happen. I talked about this For quite some time if we take a look at I think there's gonna be a Recessions around the corner if we just take a look at T-bills treasury yield spreads, I mean even going back into July There was a flip. There was a flip from the 10 and 2 and once that happens It's predicted every every session from 1955 to 2018. So what does that mean? Well, that means we're probably gonna get a recession and if we get a recession Who cares? So we know that 20 23 is gonna be a bad year a tough year. How long do recessions last about 18 months? So what does that mean? That means we're gonna have suppressed prices or chops sideways for quite some time But these are all the recessions from the last gosh 40 some years 50 years or so and We're taking a look at these you can see that in between there's economic booms and growth Then there's a little recession and booms and growth then recession booms and growth and so on and so forth So if we get another one, we got 18 months of some choppy sideways action I don't really care and that's where I've made all the money before and that's where I think people should look to Just like what Dan was talking about before so that's that's how I see it Dan am I wrong here am I off? I Think you're right, but I would I push back on one thing which is I think we use the word recession and we say man There's a recession coming in next year and we think that The markets can't do well and yeah, and I was reading an article that they did they made a great point The market is not the economy. They are a separate thing So while there's a recession and we we just talked about 69 years worth of recession data the year before the recession is the Worst year so that's why and I'm not trying to be too hopeful and optimistic I'm not but when I see data like when I see data like that, you know, I don't like the bear market So I do kind of I want to keep that in mind for myself to take that into account Just because there's gonna be a 2023 recession potentially Doesn't mean like prices and the markets are crashing could be actually opposite So I'm just remembering that myself. That's a good point. It's a great point and then also I know people are waiting for They said well everything's gonna gonna rebound as soon as soon as the pivot happens with the Fed But the Fed once the Fed pivots, it's because they've destroyed so much But they're like, all right, our work here is done and then of course that's at the very lowest point So expect things to get even worse after that usually historically. That's exactly what happened. It's gonna be volatile for sure I got agreed in that one and then dr. Payne he I can't find his comment, but he was talking about the The self-directed IRA. He said no, no, no, it's not it's not a Corporate structure LLC C corp s corp. He was I put it into a trust which is not a bad idea actually think about it So for trust like we have it for our kids and our grandkids So for that we put things in the trust as far as our real estate properties So what dr. Payne is saying is you can do that also with your Self-directed Roth IRA, which would be an interesting proposition for you want to take a look at it Contact a lawyer. I have yeah for those. It's it's very the trust gets a little bit tricky kind of expensive But you can go that route or you go to my trust for whatever All right, so let's see what else we got and Dan thanks for hanging out with us. Of course. It's good. I I have a I've got this these usual suck specs here Tesla and Nikolai Performance fuel injection and Bickey and I don't know where where beardy is buddy And then Jarky who was a legend here always given away free memberships Disney dollars incoming See Securities will lead trading halts. I say no. I don't know what that is. Yeah, I think we're good here. Let's see Oz is a great question No crypto questions. What software to use to record these live sessions streams of looks and works amazing That's what Dan was asking me and it's called stream yard So if there's any up-and-comers or people who want to use a great software Stream yard st ream y a rd and that's I don't have any affiliate links, but you can find them. They're pretty great It's funny. That's yeah, see everybody likes this stuff And now you are Hold on This is a good one with this one. We're gonna open an hour Jarky says I got a question Robin Dan in 2015. I started to get paid for my work and in crypto Whatever is and now I get paid in Ada. What coin should I get paid on paid in if you exclude Bitcoin or two? That's a good question What coin should I get paid if you exclude Bitcoin or tether? Dan, I'll you take that one first. Well, I mean we're all We're all individuals, right? We all have different preferences. Like and what what do you like, right? If I were to choose and it also depends like where are we in the cycle? What what's looking good? You know, so It's up to it's up to you. It's up to you man. Whatever whatever you want to accumulate That's the beauty of it But I mean you're in Ada they sounded like you're getting paid with Ada now It doesn't seem like a bad a bad choice, right? That's one of my right my number one. So what do you think Rob? What would you get paid in? So like I think of it this way it depends on This like you said everybody's everybody has their own special circumstances and I I think back there was an interview with Mark McCormick and Lynn Alden on what Bitcoin did and of course McCormick is a huge Bitcoin huge Bitcoin maxi and he was saying that even though he's a Bitcoin maxi and he talked about El Salvador and how everybody should get you know paid and In Bitcoin he goes in all honesty He goes if you're in a third-world country and you're trying to get paid in these things not that jarchy is I'm just saying But he goes, you know stable coins are where it's at. It actually retains the store value a heck of a lot more if you get paid $250 per per month and you lose 30% in a week. That's That is your entire funds He goes so stable coins in all honesty he goes and he goes he said even crap stable coins built on Tron Work better for a store of value than say like like what a Bitcoin would do so for me If it's me me right, let's say he said no stable coins. It can't be a stable coin Okay, I know so so yeah, so if I had to backtrack and say What would be It depends on my if it depends on my time frame if I'm young Rob who's like not married and doesn't really give a Care in the world. I will probably go into something a lot more risky. I would say like let me see I Would do like like a basket of layer one solutions like pay me in Pay me in Cardano pay me an avalanche pay me in Solana pay me an Ethereum and just kind of spread that all the way out The blue chips the blue chips pay me the pianos blue chips if because I'm not I was never that much of a gambler I'm like, you know what pay me in Gensokishi coin You know what's our pay? No No, well, I mean because of what I know if if it was me who just got into crypto before I was like Yeah payment XRP because that's the future. That's the standard tell Gary just read it So to said that if it's me who's like just trying to be stable and it's not Bitcoin or Ethereum Let me see Yeah, oh, you know what I would say pay me in chain link because to me I'm always thinking to myself if you need outside data. What is the one or call it everybody uses? It's got to be chain link. So I would just use I would just be paid and that's great a great play Good answer. All right, Dan. We've said we've said it all today. I think we said it all we did I think it was good. I really appreciate you having me man. It was very fun laid-back. Love the Q&A Appreciate everybody out there. It's in the in the chats and and watching today Absolutely, and then of course as a reminder everybody check out Dan over a crypto capital venture links in the description at the very top He's got a pretty great show and especially the things that are going on in the crypto space because you can't just hear it from me There's a lot of people out there that are way smarter and way better. So Dan. Thanks for coming on I appreciate it and everybody like and subscribe. We'll see you in the next one Adios