 So on this channel, we're pretty big believers in the four-year cycle But the question really came up is what if the four-year cycles as far as Bitcoin goes? What if it becomes invalidated and what do we do? So before we answer that question really dive in first of all welcome everybody I am using a new microphone because I am in South Korea in Seoul Here for Korean blockchain week and we're using a new microphone Which I was recommended us by a guy from coin Bureau So before we get going let me make sure that this microphone itself is actually working pretty well And you can actually hear me and it's not way off in the distance So we'll go through that and let me know in the comment section And then we'll move along from there Well actually as we're waiting Let me come in here. Okay. Looks good Good sounds good is that muffled is it sound like I'm way far away or does it sound just awful? Because when I test this before it sounded great, but that was it was the one test and I want to make sure it actually was good So looks like everybody's good So thanks guy for giving me a great suggestion for a microphone. It actually works finally so anyhow, this is what came up And the thing you have to remember about the four-year cycles is and we've talked about this at length on the show for quite some time a lot of people will don't chime in and say but that makes no sense and Then the four-year cycles are invalidated and it really has nothing to do with the Bitcoin run-up as far as four-year cycles and timing And I have to tell you that There could be truth to that So what we have here is of course if you're not familiar with the four-year cycles This is very simple everything starts with the having and the first happening happening was in 2012 And after that I will have an all-time high that happened 2013 We have a dip where everything just kind of just falls off the face of the earth and we have a reset Then we have a having which happened again in 2016 all-time high in 2017 a dip and a reset And we had a having in 2020 all-time high in 2021er. First of all remember those days fantastic days I love those days everybody was happy in the comment section nobody hated each other and everything was good in the world And then of course 2022 came around of course everybody fell off the face of the earth And now we hear we are in the reset year as far as 2023 So that is essentially the four-year cycles in a nutshell But on this channel I try to cover all my bases And talk about the things that could potentially happen because so far in the last 12 years has actually held up pretty damn well However, what could invalidate those and when I take a look at it the things that could invalidate the four-year cycles are macro recession presidential elections and of course the pivot by the Fed and we're going to take a look at those In depth so first things first If you Haven't seen this before this is ben's website and I steal all his data as I possibly can There's a link in the description. You can check it out So you get the first month 10 off and he just added this really cool piece Which was the macro recession risk And this is what I like about ben's site is that it makes it very simple for a simpleton like myself I need things very easy And you break it down by three things employment national income and product and production of business And as the risk starts to raise up you can see that the risk level between 0.0 to 1.0 And the things that make things Move in the direction of a recession You can see that are in pink and we can take a look here as far as like the unemployment rate Actually is quite low Job quits initial claims and continued claims are actually doing quite well, but the job openings itself And we can see here that We've seen that the job openings are actually on the decline now initial claims has been a little bit A different basket Looking to the job openings have actually fallen So we see job openings go down Employment rate will go up and people say well, isn't that great rob? Well, that's great for the Fed But as far as the recession You'll start to see employment unemployment rates Actually go up because there's not many jobs out National income and product and one of the ones in red is the the real gdpi or real gross domestic income We can take a look at that and what's amazing to what's interesting to me is that If you take a look at the gross domestic income and what's great about the site, of course It lays all out as far as like what it is The gdi measures the total income generated by country. It's an alternative perspective of the gdp Which is what we're all pretty much used to And we're going to see that here that in the gray parts or the white dot areas Is where you have a recession the last great recession Started in 2007. What's interesting about this one. Let me blow this up so you can see it Is that in actuality the gdi actually rallied into it. It went up and then fell off the cliff And that's the same thing that's happening here. We're actually rallying up And then potentially We could hit that point where we actually had a recession go down. What does that mean? Well, that means that In a recession for most things The markets don't do well in recessions Markets don't do fantastic and also what would actually decline is probably Our crypto market and we're going to see that as far as like the s&p 500 in 2007 We were doing quite well until we had a little bit of a of a crisis as far as The real estate market and I crashed and we actually dropped by almost 50 percent actually more I think we had a high of 15 25 in 2007 and we were down here gosh 683 And then the last recession we had which was very mild was covid This happened in march February march of 2020 where it just took a dive I think around 20 20 percent or so Then that bit went but do you remember what happened during that time? for these recessions S&P 500 took a hit nasdaq took a hit and crypto took an even bigger hit because it is those risk on assets And then the big thing though, if you have to think about is well rob. What about money supply? What about the things that are happening because behind the scenes really doesn't matter? I mean in the short term if we can just do what we've always done in america Which is just keep printing money if you overlay the m2 money supply to the s&p 500 It pretty much just goes in tandem And just takes off now, of course these lightly white gray areas We can see there's a little bit of a of a recession going on And of course the market drops but as the money supply as We turn on the printers And it goes up we can see what happens The s&p also goes up and actually if you break that down into the Total market cap of crypto Let's just Let's just extrapolate this and zoom in the same thing happens. So sometimes It's not so much about the markets itself It's how much liquidity we inject into the markets by the money supply being america now Across the world the same thing happens, but you will notice That I mean we had a massive amount of money supply being printed and we've fallen off now There's been a little bit of money printing in the background However, the fed is trying to reduce its balance sheet. So it's like a give and take or a tit for tat So the thing is as we move forward drone powell has been very clear about what he wants to do and one of those Is higher for longer Not about the pivot and the money printers won't go on So as we get into The bitcoin having which is some around april of 2024 if we don't see these things and we're into a recession That could be a problem and it could actually move us into An invalidation of the four-year cycles now. I will remind everybody of this I've been in since 2017 And there's been a lot of talk about how That bitcoin hasn't done this one thing and well it will invalidate everything And I heard the same thing in 2018 After everything fell off the fell off a cliff and they said well, you know, it's never been through You know major economic crisis. Well, it did as a matter of fact Remember that pandemic Whether you believe it or not It's still affect the markets And we had a recession gvp growth negative two consecutive quarters And it actually came back So when people say we've never gone through recession not a very long prolonged recession that is very true And then of course people would say well, you know hasn't really hasn't really been through wars. Well, yeah, it has I mean America's been I think we just pulled out last year for afghanistan Also, there's a war going on In certain parts of the other world one of those being crambers russia So we've gone through that we've gone through that But the big question is what about Pivoting and what about The amounts That geron Powell and the federal reserve keeps raising the rates and how will that affect? Well, there's a great little graph This is from statista Talks about when fed pivots the stocks actually crashed by more so As geron Powell keeps raising It really hasn't affected the markets. You might have noticed they're kind of pricing things in but it's not until the fed actually says, you know what We're going to lower the rates that the big problem happens. We can go back to the 1969s 1969 recession Stock market crashed almost 20 percent The fed pivoted in 1970 And it took only three months to actually at the bottom Which is not too bad. I'll take that 1973. It took 11 months and it dropped by 41 percent Uh 81 13 months the gulf war recession again very small a soft landing Some might say a negative 4 percent it took 16 months to get there. So that's a very slow bleed So if you think that this is boring right now Wait till a very slow recession happens dot-com bubble Took 21 months almost two years and dropped 38 percent from the top to the bottom and the last one in 2007 to February 2009 it took 18 months And the market crashed 50 percent now some people will say well, who cares Because the crypto market has nothing to do What the stock with uh with stocks and I actually actually when I said that a lot I actually I mean, let's be honest We are somewhat correlated. There's only so much liquidity in the world And we take a look at this we can see that maybe When the fed pivots we got problems. So when is that going to happen? Well We can take a look at the cme group at fomc And right now our current target rate feds fund rate between 525 and 550 And for the next meeting nobody expects it to go up There's a seven percent chance. They'll raise it by 25 basis points the 550 So when do they got a pivot? Well Maybe november No, november They still think 63. We're going to stay at 525 december Still 525 next year q1 january 55 percent. How about in march? Probably won't pivot then They don't expect a pivot until May of 2024 What is that happening? Well, that's when the bitcoin halving happens a month prior and if things hold true As far as the pivot You could look between somewhere between three months To the very most of 21 months and what would that do To the bitcoin halving the price well Historically if we take a look at it, it's not going to be too great. Especially if we're talking, you know 50 percent That's 38 percent or 16 percent So it's something that we have to consider as investors We can't just go out there and say well, it's always been this way, you know, we'll always be this way Trust me. I would love it to be that way. It doesn't work out like that so with this one there's another thing coming up elections and this is from US bank and talks about In the presidential elections, which I think it's very interesting That's a toshi, Nakamoto white paper in 2009 or 2008 and the first first block was my 2009 excuse me It's all about cycles and elections When a new party comes into power analysts found that the stock market gains an average of five percent I don't know about you and I'm not keen to talk about politics in this channel Because there's two things you want to stay away from it's politics and it's religion So I would try to avoid those as much as possible because everybody has a very strong opinion about what's going to happen Me personally, I don't see Biden staying in the office now. That could be wrong But that means that we would have republican challenger whoever that may be. I do not care who it is It's just the probability is not looking at biden's favor So what does that mean? Well, that means that if we have a new republican president in power, what does that mean for congress What does that mean for the house of representatives? What does that mean for the senate? Now we take a look at this New party comes in the power. There's a gain of five percent. However With the potential outcomes if you have fully democratic control or fully republican control Of the house the senate and the white house Then you have more volatility If there's a divided government, well, there's a problem because there's gridlock But me personally, I believe that some things get done and we don't just ram through a bunch of bills that make no sense Because there's so much power on one side of the platform So we take a look here. What is well rob house congress doing so far as far as the senate So right now I know most of you are outside of the united states could care less Or you couldn't care less The majority is actually democrats so We've got two senators per state There's 50 states The majority party now it says democrats 48 seats minority party's republicans 50 seats. Why is that? Well, it's because the two independents that are out there. I believe bernie sanders is one of those They always agree with the democrats. They always caucus with the democrats And then if there's a tie which lately there's been a lot of ties who breaks that tie Well, it's kamala harris the vice president and guess what she's a democrat Not that I'm saying that's like with with vitriol or some kind of hatred just that's just how it is And then we take a look at the house House representatives Well in the midterm we actually had a we actually had a flip 117th congress You had these are these are senate senators in the house You had 222 democrats and 213 republicans. Well, they flipped that In midterms and now the republicans are in control I would believe That as far as senate, maybe they retain that but again if they If a republican president comes in they're gonna have republican vice president Who's gonna break that tie the vice president So if we see that we can see even more volatility even though we have a new piece of power coming in So with all these things you have to ask yourself Okay, what does this all mean the things that we have to look out for is very simple If a recession comes in expect that to happen, you know for three to possibly 14 months and longer If that is a recession just know that risk on assets such as krypton digital assets will probably take a plunder I don't expect The black rock etf to push us to a 6 trillion 10 trillion market cap and everything to to work out because remember Where is the money flowing from it's from institutions? And most of them even though they say they're like this is the greatest thing of all time They don't believe it like we believe it. They just don't They're here not to change the world. They're here to change their bank account So for them to say yeah, you know, we're in a recession Of course, there was a pivot. We know that the statistics we know moving forward that we could see a lot of the decline I don't see it's going to make a mass amount of difference unless the money printer gets turned on and that could very well happen So these are things to look out for And lastly the thing you probably want to ask yourself is well rob. I've been dollar cost averaging Just like you I've been value cost averaging I've been doing lump sums or I'm just waiting on the sidelines to really get into it and at some point I'm going to have and make that happen When should I sell? Well, I can't tell you that I'm not a financial advisor. I'm not your dad It's up to you to do what you want to these are just things that I'm doing obviously But there is some things to look out for that might be able to help you There is a link in the description Of all my videos and it says why and when I'm selling 80 percent of my crypto in 2025 I should actually rename that because it could be in 2024 because remember These indicators PyCycleTops, MBRVZ scores DCA evaluations and things like that They can be found In a lot of different sites and I put them all together for you And these are the things that I'm looking for rsi stuff like that So where things have just become terribly overheated. I'm not going to talk about it here That's about a 18 minute video. I make it very simple very easy to follow just go from there So That are the things that I would look for because again These could work out. They couldn't work out, but it's us up to us to be prepared remember in the last cycle People thought that it could go on forever people didn't believe that november of 2021 was the actual top I mean not everybody some people said this is the top which I found was amazing, but whatever We could actually see a big top in 2024 That would invalidate the four-year cycle is very true But it's up to us to be prepared. We're adults, right? So let's make sure that we have all the information we do on research and we move on from there So let me just think about that in the comment section and then also I want to talk to you about A couple things real quick, which was sweet Uh, I just met a a rep from from the crypto digital asset project Sweet and he was talking about Darius he was talking about This game that they had put on their blockchain And it was 8192 which is kind of like a 20. It's like a game. It's like a game 2048 All it is is numbers adding up numbers putting them in the place, but what was interesting to me I didn't really care the game sounds The game sounds fun. I suppose I'm sure my wife would like that. She loves she loves numbers But what was interesting to me is that every play every click that you do is a transaction And he talked about was when they put this out They actually had millions of transactions that very first day And there was very Few Or the amount the cost per transaction was so low people actually had to do this and it was like not a problem And it didn't crash Now what I thought was interesting is that I'm going to link this in the description. Actually, I didn't do that Let me do this real quick sweet game What I want you to do is I want you to play it I want you to tell me what you think because if you put this type of game on ethereum It's no way it's going to happen. Imagine having every click There's a transaction on ethereum good luck paying 40 bucks per click So with sweet saying it's saying fractions of a penny and then they talk about and then Darius talking about these transactions per second. We're in the tens of thousands And I thought that's very interesting and my thesis on these new altcoins coming up And another big thing that I thought was fascinating was that They talked about how the developers the people that actually made this were a bunch of developers from meta And before anybody asked that ridiculous question. Actually, it's not ridiculous. Robert. They pay you To talk about sweet. No, but if they'd like to they know where to find me So I'm talking about this because the thesis is I think that the next bull run The cryptos that arts hindered and handicapped by a bunch of bank hold bag holders and dcs Should do pretty well Because there's enough liquidity. Hopefully the market depending on what we just talked about And there's not so much like that excess baggage and sweet. I don't know if you knew this But just came out. I didn't know this. I mean, I've heard about it, but I just I've been so busy I really I can't cover everything right But it just came out of may That's like three months ago. Maybe it was a quick match. You know, just like yeah, like three and a half months ago And I mean when you when it starts out, you should never buy it. That's that's that's a fool's play But it was a dollar 40 And now it's 48 cents. It could go down 28 cents could down 20 could go out of 10 cents Go down to a nickel. I don't know But I will tell you It's got some things going for it and maybe be something to invest into Again, there's no payment But it is interesting. I will look it deeper into it because that's my thesis. That's why I like nearing arbitrum Anyhow, what do you think about that? And then lastly just to finish up we had a classy Classy that's a nice jacket classy. So we had classy games on And this was a couple of days ago. There's a link in the description. I'm sure And we talked about how my thesis also is that I think blockchain gaming web 3 game is going to be very big And he's a big believer in gala. Well gala The co-founders just sued each other And he put out a great video. I'm just gonna give you the highlights in case anybody's like, maybe I should get into gala Well, wait, wait, wait So there was a lawsuit lawsuits were filed by and the two co-founders one of those Thurston's true north investments A company that owns 45 percent of gala against sheer mire nailed it the other founder This video highlighted Thurston's accusations against sure mire pointing out that the latter allegedly wasted millions of dollars in company assets including burning off Almost 600 million announced. I gotta tell you If you're burning off tokens, that's actually a pretty good thing for the ecosystem now you probably pissed off if you Actually, if you had a bunch of those tokens and they burned them off But still if you burn off 600 million dollars worth of worth of tokens Actually would increase the price to actually work out pretty well This is the this was a debate on the correct in the cardano community and why they don't do burns, but that's another video The lawsuit also claimed at the end of these sure mire acquired in dubai in switzerland using his personal loans rightfully belong to gala On the same day sure mire filed a lawsuit against thurston and billing a series of accusations against true northen and thurston and sure mire alleged that thurston his company they stalled 8 billion 645 million 14,000 saying seven gala tokens. I think that's worth about 130 million I remember From gala and 20 21 so they're saying that the co-founder stole tokens. I don't know why that would happen, but sure Though the accused calamity intended to hold the gala. This is a good one sure mile Sure mire. No no thurston claimed that he intended to hold gala in secure wallets for the benefit of gala gained in 2022 And then he sold them or hid them approximately 130 million worth of gala So this would come down to a point That actually was brought up by kaggy kaggy also another web three gamer We interviewed him four days ago four days ago And one of the questions I asked him because I said In web three gaming, I think it's gonna be pretty big Kaggy thought it was gonna be pretty big, but I said kaggy. What could derail This whole train that is web three in blockchain gaming. So it's very simple He goes the thing that could screw it all up is the same thing that happened with ftx There's somebody that's going to do some kind of rug pull Or something that is dishonest that's going to let or not allow the community to trust the actual token Or the asset underlying it he goes if that happens That could derail web three now. I don't know exactly what's happening with with gala Well, let me tell you it doesn't look good over there if those accusations are true So if you are investing in gala do do a little more research watch the video that's a classy put out I linked that in the description. You can check it out And give him a comment on that awesome jacket. He's gone. That's it. So look if you like today's video Give it a thumbs up consider subscribing all those good things I will not be back to the usual nice green screen setting that I usually have until Saturday, so I'll be in Seoul, korea So if you're just happened to be by in korea stop by say I reach out on twitter We'll go from there. That's it for today. If you want to stick around We'll do a little q and a I'll answer all your questions the best my ability is to go from there And that's it. So thanks so much. Appreciate it. You got to go get out of here Thanks so much everybody and now let's get into The q and a There is only one indicator that I look at as far as bull run that is if When mullet is actually in the chats and he is when mullet But he's down 30 percent. That's okay. You know a lot of people ask me this this this question. I like mullet I wish you'd hang around more mullet but We were uh Actually, he came down to to houston. We met up and we were talking about, you know The good old days of crypto and how things were going and he was doing pretty well one of the things that everybody does and maybe this Correct me in the comments. Everybody's great at buying crypto. Aren't we great at that? The problem is to recognize The signs and the factors that are hindering us To when we could actually take profits now some people out there That will say well, I'm never selling that's cool. We can do whatever you want to But uh, there are some things to be said and mullet says it out here I'm down 30 percent. Wouldn't it be nice to take a little more profits? I think that's what we should be Looking into I was in career day Well, thank you. This is a nice shirt, right? This is from my man. Mike Got me the digital asset news and then there's sort of as the project that we're bringing back Sure, you can know what that is We'll go all from there What nurse works you sold all your bitcoin I sold all my bitcoin loss, of course. Well, you can do that I will say this though Remember, it's not a total loss If you're especially in the United States. I'm not where it works. Usually it works like this If you have an investment and you sell it as a loss Remember, those are loss that you claim on your taxes and those are also losses that you can roll over So it's not just one and done So I know people will like well, I like to use turbo tax and these these easy things and telling you This is one thing that I've learned use a CPA It can usually find a lot better things and it's not massively expensive to move on and use them Because the losses that you guys accumulate if you are selling because remember you don't have a loss unless you sell If you have a loss for those in your taxes move away from there and then you say, well, you know Didn't really make money, but at least it offset my my uh my income for the year And panda pie says, uh, yep. I finally sent out for rob site. Great I'll start from the first mile to the end and take my time to digest the buffet That is exactly what it is. So everybody Oh, there's two things I want to show you First of all, there's this website And it is 100 free And there's a link in the description you can go to danteachescrypto.com And I put in all my I try to curate the best stuff and like some extra things And I bring those to you And it's free. I don't even spam you. I don't even email you. I just only email you when There's some kind of new information that's put up. We go to the basic safety investing. This is probably the most popular one that I've As far as like the metrics that I get And one of the things that I talked about first of all, this is a good one uh dynamic dcaang yi dca And these are the things we were just talking about bull run exit strategy Why and when i'm selling 80 percent of all my crypto those are the good ones to watch If you don't watch any of those watch those ones go from there and also I get a question. I've gotten questions before about How to take profits because I mean we ladder in we ladder out, right? On ben site first of all If you go to end of the cryptiverse There's a free tier and the one that I like to use is this one the dca strategies It's great and we won over this There's a video yesterday. We took actually it's right here. Now we go This one how to invest a thousand ten thousand in crypto And I show you even if you have like ten bucks And what that would look like moving forward oops oops This one so that's the dca. It's free to use it really pulls things out, but also There's a tool in there That's pretty cool. It's called exit strategies And what's great about this is it shows you how to I mean on one side we we know what to ladder in we all know how to buy right this one shows you how to ladder out And you can break it down by what you like this one it goes Let me blow this up So the so let's and it'll just tell you like let's say you have let's say you're a baller You got ten bitcoin or something like that let's say Ten eta. No, no. Okay. It doesn't matter ten bitcoin Projection price and it'll show you like as far as like the risk band Which is what we talked about that dynamic dca and it'll just show you like if you want to be conservative when it hits this risk band Again watch watch the video Which talks about dynamic dca. It's all about risk bands And it shows you like take out two percent three percent six percent And then of course over here when it gets like overheated 51 percent Very conservative way to do it moderate aggressive the holdler yolo or seatran quality And it just oh, I even show you the price points. So yeah, it'll show you what to do And let's see and you can do that through a whole ton of stuff Dot Same thing. So just one tool to use. All right. Where are we here? Future millionaire Hey, Rob. Well, we ever see you as a guest on dca again. James seemed really happy to have on an old friend. Yeah, I mean Always ready to come on Now but they got a pretty good group over there. It's uh James and and cto larson and ivan on tech I don't think they need me quite honestly, but uh, they need Somebody to fill in sure. Why not mean? is here My class Just got here. What's up with gala? The two founders are suing each other And uh, the allegations are pretty severe. So that's all you gotta know Oh, if you want to find somebody look at just type in classy games gala And uh lawsuit and you'll find out all about it Hmm. I didn't know that Bob sag it says too bad. I lost one eath to a scam or a 3k 3k had a claim that I sold it I was waiting to in that weird That you can't in the united states You can take a percentage of what you've actually been scammed out of but they won't allow you to take 100% I think the reason is is because people were saying that oh, I lost my nano ledger in a boating accident And uh, all of my gains just disappeared. You're like, yeah, right? We don't believe you So now you can only take a percentage But if you show that you sold it for a loss then of course you can take a you know 100% or you can move it over years As uh time goes on just depends Michael Pizzino talked about gala in his clip today expect more downside. Yeah, when you have two founders suing each other Probably doesn't not rocket science that things are going to go up, but it's a good point Do you see it looks back maybe it is Jeff I hope the gala goes to a fraction of a penny then might as well roll a dice through gala was Yeah couldn't be Hello from florida the fed Always got a good point. This is a really good point Unless you trade your crypto and an ira on itress capital then it's tax free. So remember Again, this is for mostly for americans in different places. There's different structures for retirement accounts But if you have your Roth ira And you can With itrust that's the one that I use i'm using for two years worked out great You can trade within your account And let's just say that let's just say for example that you believe that bitcoin's going down It's a pretty good bet actually I just not that smart and uh, this has been dollar cross averaging because i'm hoping it goes down Let's say you say you know what I have one bitcoin And when it was 30 000, I think it's going to go down you sell it within your roth ira account And you buy it back. Let's say that you bought it for 10 000 or 15 000 You sell it 30 000 there's some hefty capital gains depending on when you got it, especially if it's january 1st Because that's when bitcoin is roughly 16 000, right? So now you are on the hook for short term games if you don't do it within a roth ira Then you got to hope it actually goes down then you got to rebuy and pay the fees In i trust when you sell your bitcoin And you wait for it to go down Whatever your capital gain that doesn't matter you have no capital gains Did you know that pretty cool, right? So you can trade you can buy sell Put buy orders limit orders into your roth ira wait for these things to happen And then just play it in there and there's no capital gains now the big Thing you have to remember is that you can't just take that those funds out when you have 59 and a half years old Then you can start to take phones out Good for me. I'm gonna hit that pretty soon. So uh Yeah, and this is the same thing that peter teal did peter teal the famous investor Also one of the biggest liars that came on uh the uh Bitcoin conference i'll get to i'll tell you that story later But what he did was he took his shares of paypal When it was fractions of a penny put it into his roth ira And of course what what's paypal worth now a lot more He's he stands to gain. I think it's over six billion dollars tax-free. Why put in a roth ira because when he put His assets in there they weren't worth squat I will tell you the story about peter teal peter teal on it wasn't I don't think it was the last one he was one beforehand When he was in the uh bitcoin conference and he talked about how great bitcoin was and We should all have some bitcoin and so fantastic and everything else which I believe it's pretty good But Little did everybody know was that his investment fund had sold all his bitcoin So as he's sitting up there talking about how great bitcoin is and we should say They had sold all of it So just be careful what you learn from people even me. You can't trust me. You can't trust peter teal He can't trust anybody the only one that you can trust is yourself and the research that you do So just be aware. All right Meme says rob. Have you played any of gala's games? Yeah, I played that spider tanks a classic would not shut up about it And then it actually is pretty fun, but he's right It's a fun game, but it really belongs on mobile. It's not a triple a-ranking just not But it's pretty cool works. I was happy You don't get nobody gets uh Very rarely do we block anybody here the only time we block is when you spam that's about it Even if you say rob's I hate rob and his and his nonsense and And of course all the things that he's got wrong. We don't like you for that because trust me. I got many of things wrong Oh, wow, that's a good one. Rob. Maybe you james george should do one show together for the bull run just real time So we used to do dca. It was me james the best answers and george from uh, cryptos rs Yeah, those are fun times George had to step down because he was getting too busy me and james picked it up and we had been on and then We split me ben and james all split because When we did the show like our communities just did not it was like oil and water oil and vinegar whatever Oil and water and people got so ticked off at each other that it was just became toxic So we just split and now like you see like over there like cto larson and i have it on tech and james They have a great community and over here like ours are kind of meld like me And ben and guy from coin bureau. It just kind of makes sense that way. So, yeah Let's see One of you back in the uk. I probably won't go back until The next coin bureau event and i'm asked to speak again. That's that's it All right, and then Yes There's a mullet in this in the comment section antagonizing everybody as the bullet does thanks for the protection. I appreciate it So sass finance says i'm thinking about itrust account too There's let me see um Here's the thing There's a link in the description again for for itrust. They are a sponsor of the show Uh, they is an affiliate link if you cannot stand using affiliate links. Just go to itrustcapital.com But um, yeah, that's i've had them for two years. I've had an issue I will say this though There are issues that do come up. No company is perfect. I know that there was one person that It took a it took a while for them to transfer their funds from itrust over to fidelity for whatever they wanted to do it and it took it took a while and what they what the the person did is they looped me into the email and I was Monitoring it what was happening in itrust and every single time is that this is not the first time, right? I get a few and far between but every time it happens Uh, they always take care of it. They always take care of the people just sometimes takes a bit longer But usually it's not their issue It's usually the issue on like fidelity or vanguard or whoever else that's just doing it And just they have to jump through a bunch of hoops But they do take care of it and happy even for me like Like when things don't work for for my account I happen to often they pretty much fix it and everybody else in my community does too It gets done Inspector Ape says bears are weak. I don't know. They're looking pretty strong right now Yeah And lolo says even regular IRA or inherited IRA in itrous capital not just raw. Yes, and you You have a regular Roth a Roth IRA and The third version which if you look in the description, there's a deep dive video into IRAs with itrus No, I didn't know this GT says Rob, you know anything about jasmine launching of their layer two solution for for eith Welcome to the party Layer two solutions are like the thing right now and it seemed like everybody's doing it Actually, we have a meeting with uh polygon and arbitrum today. So so let me know how that works out But I was not aware again layer two solutions seemed like everybody's doing it That ain't just in my ruby mirror Hey, man, it's tough tough getting old be one of these wrinkles, right? Raul says rob is a scammer potentially That's why you should never trust me like the things that I talk about today. Like if I talk about Bitcoin or polygon or arbitrum or sweetie or whatever else just know that I'm super biased in this channel And the only reason I'm talking about it is because I own them So you have to understand so you have to think yourself Well, is rob talking about it because he truly believes in him and he wants me to buy him Or is it because he owns him? Actually, it's both So just be aware that uh, never trust anybody even me And you'll be a lot happier Yes Half the chats are mods People keep coming back. That's why Channels the way it is Perm a bull invest answers james is very bullish. I will I will give it to him But uh, I mean look Think of it this way If it wasn't for hope him Like everybody who was here on the channel, I know you don't just come here for just My opinion. I'm sure you watch other youtube youtubers out there Or you read up in financial reports or you take a look on twitter or you have You know just the news about what's going on the macro events. So like me. I'm not very Bullish a lot of times and I get that I'm very I'm much more cautious I'm more on the side of like a bearishness. I do think we're going to see a recession I do think Jerome pal is going to do what he says he's going to do I do think that september is going to be a really crappy month Statistically historically over the last 13 14 years september is the worst Performing month of all in macro and it's almost the same in s and p 500 in the traditional markets So for me, I'm not very bullish short term long term. I still think we're going to do well I don't know if it's 2024 or 2025, but If you get different opinions like, you know, you go you go watch ben bear You go watch james bull you go watch george cryptos rs Super bull So it just depends and then you kind of you know make up your mind on where to go Yeah, that's not true. I don't get a lot. There's some people I I just can't get along with but It's very few people Very few Let's see Oh crescent blade shake on the debacle of it potentially very true Several channels fell to alex the sec in celsius. Yeah Well There's a couple of influences right now that are looks like they're being sued. So That's a bummer but those They had it looks like they were Maybe dabbling in unsecured securities go from there Linking with nas as I want to be a mod nas next next live stream if you're still here, I'll give you the the wrench That's right Usually I'm standing up in front of a green screen Manbe says rob tell me if I'm wrong I have the feeling that the bears are getting tired of waiting for a recession And the recession will start once the bears join the bulls. Yeah, usually what happens is this It's the same thing with the markets repeating itself, which is every time we believe we know where the market's going Like what I just told you it does the exact opposite, right? I believe there's a recession coming the bears do too So what'll probably happen is it won't happen for a long time And then they'll join up and go forget it. Let's just go long and then everything changes This is why a dollar cost average. This is why dynamic dca This is why I'm hoping that the price actually goes down Because I'd like to pick things up and I have to pay such a high price for bitcoin Of 26 or whatever thousand dollars it is today I would like to pick it up at somewhere around 21 22 or below that would be fantastic But it's a good point and that's why Like as smart as the people are who talk about it Pretty good chance that they are correct, but I just don't trust it. That's why that's why I have my strategy. I'm moving forward. I made my strategy Three years ago and when I was at the most sanest part and we'll go from there Thank you. Myler. I appreciate you and any questions because Very yes very free nas And last question the last point. It's hard for people to buy lower because they think it's going lower It's not lower for the it's not hard for the the dip buyers. Let's be honest How many times have you heard by the dip by the dip by the dip then you get all dipped out? I think what's more Tough for people like us But you watch this video You've been here for a long time. You are a veteran You have no problems buying probably Especially as time goes on the problem that we I think we have is selling and I'm going to go into more detail about those Moving forward and we'll do some other videos. That's it for today. So everybody. Thanks so much for stopping by I appreciate it. If you'd like to do this video thumbs up subscribe all that good stuff. That's it for today. I'll let you know how Korean blockchain week goes and who I meet and we'll do some interviews and all good stuff, but that's it. Thanks so much See you on the next one adios