 But if you want to stick around for Q&A, I'll answer all your burning questions to the best of my abilities and we'll go from there So let's jump into the Q&A Comments I'm shocked that you're shocked. I was this close to doing one of those open-face Thumbnails today, but I had other stuff to do so I said that's stupid I'm not gonna do it But I was when I read that when it said like we don't know if this crypto is ours Or if it belongs to the other people I was like you kidding me Anyhow jack in the crack my best now save your time. Thank you. Who ah must be army. Thanks Jack Albert Do Jardin I need my crypto's back. I do not blame you Because thank you Christopher. I appreciate it and Beardy I'm cold. What should I do if you're cold? That's crazy because everywhere else. It's like super hot I think it's 40 degrees Celsius in London today It was like 104 right now in El Paso it is That's why sometimes I look kind of shiny because Sweating 97 degrees someone here is probably about a hundred and that's how it goes That's a great question Wade says what happened all the loans that got liquidated during the freeze probably on Celsius is a balance sheet and we just saw exactly where there went great question Wade. I gotta tell you oh It's right summers and winters are split-flops. It's zero Celsius in Australia. That's gotta suck Yeah And here's a great one Vendon McNamara says it perfectly my world's upside down when everyone is bullish I've learned to be bearish whenever one is bearish. I've learned to be bullish and that's a pretty good investment strategy from Warren Buffett Works out looks out a lot of times a lot of time Perfect weather in San Diego. Yeah, also perfect weather in Puerto Rico cannot wait to go back Yeah, Steve Ankey says we've reached peak inflation, you know what it's a great question, you know, we should look at That's not it a bend website an accident. Let's see where we're at as far as inflation Not bad So again true flation links in the description It's a free website you can use and they just pull in 30 Like data sources 30 different points in the use chain link for as a oracle to pull in all these different data points And you can see that I mean they they called it right It's not eight and a half percent like like the government said they said that's about 12 percent or 11 and a half And now we can see it actually going down 10.8 10.14 not too bad So yeah, maybe it is and that's why maybe that's why people are so Not exuberance But they they feel a lot braver With what's going on with the market because if if the inflation is going down the question is here's the big question Will the Fed in Jerome Powell look at the CPI numbers and say, okay, these are the numbers we're going to base on are to increase the rates or are we gonna base it on what we see happening right here and now and If they do it from retroactively which is the CPI numbers then it'll be a high a high one But if not, they say well, we think we're doing the right things We see in different sectors that actually is going down Okay, the real question is on July 27th. What will the market do the market doesn't blink at one full? Basis or some people I always break me 100 basis points or points are 75 basis points are one full point 1% increase and it doesn't move then I think we'll do good Steve Hank you predict 9% I did not know that 100 bits. Yeah Why is crypto going up? I gotta tell you Well, TA will tell you that they knew that the whole time that they knew is gonna go up at some point Yeah, I mean they're not wrong. It does go up. I could have told you that without looking at a chart I just don't know when exactly so why is it going up? Maybe they take a look at because we're so attached to the hip with S&P 500 and NASDAQ Maybe they take a look at and go well, you know the inflation points that we see around are looking pretty good We see that the oil prices is dropping. We see that that the Unemployment numbers are still staying around the same about 3.6 percent We see that the supply chains maybe are a little bit of an improvement potentially so they look at that and go well, maybe that's pretty much positive and of course the earnings report came out and Banks look to be in some parts of it not doing so great and other parts as far as like lending doing fantastic It's made a look at all around that and say I think I'm gonna ask them to crypto and go from there Or maybe it's just that all the people that were tourists got the hell out And now all the people like me and you are hanging around and going well in three and five and ten years This is looks to be pretty good. So the question that I always ask is Bitcoin cheap or is it expensive right now? If you look at the market value to realize value pretty darn cheap So can it goes to kind of go lower? Yeah Kind of go higher. Sure But right now it's looking pretty good. Yeah, that's okay. Say I made it wasn't your stake pool again If you're looking for a place to park your Cardano Dnews state pool and if you go to is a link in the description says Dnews state pools are the very top There's a video it's about 20 minutes that explains the proof of work versus proof of stake how everything works As far as transferring it over taking your ADA off the exchange putting it into your deadlist your Roy or ADA light wallet And how to stake it and you don't have to use mine But I show you exactly how to find stake pools that you could stake to and of course that website dandyjustcrypto.com Is 100 free. That's it Yeah, so one says we over but here's the thing We were oversold for a long time and you can take a look at I mean the rsi's Well, people look at the rsi and go well, we're totally oversold. Yes, I get that But if we look at the mvrv score, I mean we were below 1 since june 13th. Actually we talked to this yesterday When grayscale put it out and said that was the official start of a bear market I suppose but that's when everything is cheap. Could it go longer? Yeah Also, crazy thing that same five basis points of the bull case right now true Yeah, see that's the thing Says this the celsius claim formally asked for usd, which is a dollar amount How do we account for the amount of crypto? We are owed not the usd now, which is why that form? They'd no sense to me because it was asking I was asking some strange questions that Ah, it's already done. Then we just went over so to me again I don't I think the legal term is and in the courts. I'm not for sure Because I'm not a lawyer But it looks like they're asking for dollar amounts to pay back people in dollar amounts and to me that makes no sense unless Unless this would actually this would make sense to help out Celsius the company what they would do is say, okay well on june june 13th Bitcoin was worth 30 grand. Okay So you had one bitcoin in there. So you say, okay, I lost $30,000 Now they do the bitcoin mining and they wait And they wait and they wait then everything gets reorganized and then hopefully at that point that Bitcoin maybe goes up above 30,000 maybe to 40,000 they go, okay, great You said it was 30,000. That's what the form and the claim was We're gonna give you 0.75 or 0.8 of your bitcoin. You're like, what the heck how'd that happen? Well, that was a dollar amount and that's just how it goes. That's the legal process. So maybe that's part of it again Just speculation not for sure ah king dog says King does did you sell the majority of your crypto during the peak? Nope. I didn't Um, because I never have been able to sell during the peak peak doesn't work like that I did sell a lot in december to pay for the house. There's a video on that and then we did a video in uh March early april where it was called sell in may and go away, which is an old adage from wall street And we sold some there and of course we went along and I did some dumb things which was dally cost average in aluna since december Yeah, that's all gone and then I left three percent of my portfolio on uh, celsius Yeah, that's locked up and I left a percentage It wasn't that much on voyager because I knew that was coming But I did leave all my vgx tokens on there. So that's Whatever, but uh, I mean I made some good choices I made some bad choices because no one's perfect. Uh before I knew dc down 900,000 from a million holy smokes Before I knew of dca down. I'm all because of bad crypto people like I don't want to say that I want to get a sumi like uh, like another crypto youtuber is suing somebody else Well, whatever Some people don't don't like people. That's how it is. Um You know what king and everybody else here Uh, again, not a vestment advice, but when I look at these things I look at what's going on I just can't shake the fact That I feel like we're in the same thing Just like in 2017 2018. I just when I look at these things. It just it just becomes I believe in cycles and so I believe in the four-year cycles I also believe in the 80 year cycles and the fourth turning If you don't know what I'm talking about we did a video by this two days ago And I can just tell you I mean from what I see Tell me where I'm wrong, but we're still hitting these four-year cycles correctly There's a having there's an all-time high dip and a reset. There's a having 2016 all-time high dip reset There's a having 2020 all-time high 2021 There's a dip and a reset and then we just do it again in 2024 Then we're going to do it again in 2028 And keep going So to me I just see this like this is the exact same thing I did last time Like right here when it was boring That's when I was buying and I didn't in 2016 because but really if you think about it 2016 Was during while I was during the having so and look at how much time we have We think about this. I mean really really really think about this And even the video we talked about yesterday It talks about how grayscale believes that we have a if history repeats itself We have 250 days of a bear market meaning sideways action a little bit up a little bit of down That's a lot of time to do a lot of things do a lot of dollar cost averaging. That's what I'm going to do again Maybe you say no what I want. I don't want to do that. I want to put all my money into a vending machine business you go right ahead But I just see like there's just a lot of time to do a lot of things So that's how I see it So don't worry king And then again like I remember when I bought bitcoin 65 75 10,000 17,500 2017 then of course went down to 6,000 I remember cardona. I was buying at a dollar and then it went down to like five cents and I hated myself And I bought it at six seven cents for years So it worked out over time But that just that just worked that just In that instance doesn't mean they're all going to come back Uh, rob would you consider having lin Alden on your channel? She seems like one of the more balanced knowledge of human space She's super smart. I don't know like, uh Like I feel like if she's on my channel, I might make her dumber just because So, uh, she's a high level thinker. Yeah, maybe Uh, I'd love to have her on but it would just be just straight questions I'd be like trying to keep up with her same thing with michael sailor michael sailor though You know what you're going to get with michael sailor bitcoin everything and that's it. Everything else sucks. No, sure Uh, give liquidity so we can bond him faster Which website was that displayed the well buying? So Let me show you That's not it So Great question There's a link in the description This is my what I see when I do videos but, uh If you scroll down in the description So first of all Here's the website Here's how to figure out if it's a scam email. You can run it through google apps and I'll tell you here's uh kiva to give Uh for donations and things like that globally Here's the app the the trueflation website and here's the the state pool stuff crypto ira Uh masterworks ledger taxes Here's the sweat coin thing and keep going down. Here's My second channel strategies here in the story section. So this one right here where it says bit info charts dot com. That's Uh This one right here So you can find that so it's it's always there for you and then of course my recommendations Here's who I watch a lot coin bureau invest answers in the cryptoverse tech talk with paul barone biggie crypto stash and simon dixon so Uh, not a lot of youtubers do this for some reason I don't ever stood why of why they recommend other people Maybe it takes away from their channel. I don't know And then of course the links here's how to file a claim Here's how to tell celsius what you want to bank the future one and that's it I got to add some other stuff there. Anyhow That's that Seattle paddler. I will at some point I've been ahead now wrenches like going out of style Which reminds me for all the the moderators Which there's like 30 of you now welcome. Thanks for being a moderator and carrying the wrench and wrench attacking people If people say something negative about me do not ban them. I mean if it's like ridiculous like, you know Rob is a vampire something crazy. I get it, right? They say them negative don't ban them because people sometimes just need to vent list I know people are pretty ticked off and uh, that's why I show up every day so they can Vent a little bit. It's all right. And then if they if they talk about craziness or spam Yes, ban them. But besides that let people air it out And that's it. That's all that's my only thing. I said say Let's see. What else I miss Oh Oversold in the weekly for the first time interesting interesting Ah, thank you. Gary bitcoin rich list Ah, crux of crypto. I didn't If you're in El Paso tomorrow at 4 30 I will be at this place called coconuts. It's downtown Can't miss it. There's only one coconut in town. I believe and we'll go from there and I'll also put it on Just follow me on twitter and I'll tell you where I'm at and just meet up with me Have some beers and we'll cry about our Shockingly bad portfolios Solana on track everything's upset. I'll goes up 30 percent. That's should help the mooch Ah How is it dead? I think anything's dead Algorithm is like a snail. It's so slow. However, a lot of people say the same thing about cardano and uh, it's still slow But it's making progress That's what it Question mark says dan are you in cash waiting for twins? Yes. I am I'm waiting for 27th of July waiting to see what the fed says if they say hey One full percentage point up Away for the market to do what it does and then act accordingly if not I'll just if the market doesn't move or goes up. I'll just catch it at that point, but I think I think there's going to be some everybody Not everybody is level-headed like us right a lot of people will they'll get the numbers and I'll say This is awful and I'll start selling and I'll dip a little bit. You could probably get something there But Well birdie That's odd You're a lovable guy. Everybody would want it. It should want to adopt you Birdie's uh, one of our Our moderators. He's not the first mullet was the first But mullets busy making crazy trades and a bunch of money You trust Celsius to ruin his I don't trust anybody of doing anything anymore Yeah, rief says I trust up to any currency. It'll be next week. We're just working out the days So we'll go from there Uh, gonna set a good day to break profits. I gotta agree And now Look when people make bad calls, you just got to say that's a bad call like me I said bitcoin's going 150k in 2021. I didn't happen and I said vgx was gonna go to 30 dollars. That didn't happen and then uh I think I did get right and uh chain link, but I mean the ones that I get right doesn't really matter It's the wrongs that are wrong people remember you for So the ziggs is this is nothing like the bottom the last bottom of people giving up and multiple coins dying I think a lot of these coins are dying even though they're listed. You got to remember that Um, look at the volume look at the volume that is being as far as trading. It's not that high and for these like 200 and below cryptos There's really not much volume whatsoever So just remember that I think they will die and I think I've always said this before I'll say that again is that what's going to happen is that again, so it's going to get us away Uh, they're going to start to classify different cryptos and put out some framework As to what is a security and what is a commodity? They're going to label a lot of different cryptos as uh securities Those securities are going to have to register with the sec here in the united states They're not going to have the money to to go through the process and the paperwork and the law firms They're going to fold or they're going to sell the top 50 20 if in crypto and they get absorbed If they even even if these top ones even want them and then what does that mean that there is a Confluence or a congregation or a concentration of talent of developers and they can start to work on good projects and work from there That's what I think all right And I think that's it. Okay guys Yep fourth turning just to Do a google search of a hundred year financial cycles or the fourth turning you'll see what i'm talking about Quite scary quite steering and There's a lot of questions Rob, what if you 2.0 fails? First of all as close as they are. I mean as As careful as they are. I don't see it failing. I just see you getting pushed back again Great, I'm in on time. I'll give you a like. Thanks, alex Any news about avalanche Uh, still will be pretty well. I still like it The the question is is how much market share will they get from ethereum? That's the big question Did you sell something on this rally? On this one? No Last one. Yes Actually, I was as soon as you could put in this video together today I think that's it. All right, buddy. It's 56 minutes. That's it for today. So look I just need a favor from you if you could just do me a favor Which is just hit the like button. That's it. You don't have to subscribe. I'm here every day You can find me but just hit the like button. Apparently that's what the youtube algorithm likes and that's all So that's it for today. Thanks for stopping by do appreciate everybody who comes by for an hour and just hangs out with me That's awesome. But thanks so much. I appreciate it and I'll see you guys on the next one Which will be tomorrow. All right, buddy. Adios