 Man, ah, cute. Sam Beckman was freed when he wrote that. It's funny. Yeah. Robin says, that's a good question. What do you tell people who are convinced that Bitcoin is a Ponzi scheme? Let me introduce you to the social security system here in the United States. Let me introduce you to the pension program in California and various states. Those are Ponzi's. Bitcoin, at least, you can do things with that. If you want to move a tremendous amount of value across the world for pennies, then that's the way to do it. If you want to create transactions without permission of a third party, that's the way to do it. If you want to see or build upon the most secure computerized network, or any network in the entire world, then that will be Bitcoin. So if you want to say it's a Ponzi scheme, you can say that, but those are my ways to look at things. So that's it. Yeah, let me introduce you to the US dollar. What do I think the most likely outcome of a wage or I personally believe is they're going to sell to some third party, they're going to absorb those people. And do you know how much it costs to acquire customers? It's expensive. There's a reason why affiliate programs for people like me, or people like you, if you want to use it, are so lucrative because affiliate programs, it's cheap. 20 bucks, 25 bucks to acquire a person is extremely cheap in finance, as opposed to putting a billboard up on Times Square or doing social media campaigns, which the value always rises. And now you can't even do retargeting that well, especially in Facebook because of security and privacy features through Apple. So for me, when I take a look at it, I think a lot of companies are like, wow, 1.1 million customers and we can get those at fractions. And all we gotta do is just pay these out and then however they do it, we promise them a certain amount of their crypto back. You probably take a haircut, maybe 50%, maybe 90, maybe 10%, I have no idea, but I think that's what's gonna happen. The question is how much of a haircut are we gonna take and go from there? And I know when people say, well, it's chapter 11 and bankruptcy has never worked. We did a video about that about three weeks ago where we've seen multiple companies come out of it. And then some people will say, well, what about financial companies? They never come out of it. That's not true. The video that we talked about within three months, a financial company I forgot the name came out of bankruptcy. It just depends on, you know, the offers and how lucrative it is to people. I gotta tell you, I think it's another business would love to snap them up for a discount. Yeah. Yeah, I gotta tell you, even right now I feel exhausted. Just talking. This is sad. This will probably, I probably won't do a video tomorrow if I feel like this. Hey, Rob is going to have a minimum delegation on a certain, I don't think it is. I don't think so. I can't remember. The team does that. The DNews Cardinal Staking Pool. Takes care of a lot of stuff. So crypto flashers, are you keeping your crypto and your I trust capital IRAs on money safe there? Sure. So there was a big issue because the website went down for like three days and people couldn't access their accounts, which I get is pretty concerning. I was concerned myself. They did a really crappy job, honestly, of communication. You can't put stuff out on Twitter for a multi-billion dollar company and not tell people on an email. Well, on Monday or Tuesday after that when it was, they came in and said, okay, here was the issue. We had a DNS attack and there was, we had to secure everybody's funds. They don't keep the funds. It's through Coinbase custody, which is the same that Masterworks does. They contacted them and said shut it all down before. So we're going to do an investigation to find out exactly what happened. Nobody lost anything. Everything was good. So it worked out okay. So people are like, well, is my crypto secured there? More secure there than the most other places. The most secure place you can do it is in your, in your ledger and cold storage. That's the most secure. But the other thing is, can you do a Roth IRA, a self-directed one and not pay exorbitant fees? I don't know. It's up to you. I trust, I've used them for two years and it's up to you what you want to do. Not your dad. Rob, are you a flight medic in the army? No, I was just a regular medic. Boring, run around, try to save people, what type of stuff. I'm on Twitter, I had to Google their Twitter account or something. I am very, yeah, I'm disappointed too. And I told them, I had a quick meeting with one of the reps and I said, you know, if you guys do that again, that's got a recipe for disaster. People are going to leave you left and right. And people are already complaining and I don't blame them. I was complaining too. I'm like, how can you do that? You should be on it. Doggone it. Do you play golf? I don't, but when Mola does, he's really good at golf actually. I suck at golf. I like affiliate link from Reliable Source. You get extra, I'm more secure. Yeah, that's true. Ricochet, do you have a chance to go over there as we can close source and open source code? No. If you're looking for like technical information, you're coming to the wrong channel. Go to Hashoshi. He is a real developer and he can answer all those questions. I don't even really get into the nitty gritty of that. Should I'm going to my house and buying a minute coin? It's proof of sauce. Rob, can you guys say anything about NIR? I think NIR is a good protocol. The question is, how scalable are they? And we're going to find out because you know that sweat coin thing I'm always talking about, which everybody loves is to tell me, oh, well, how much they pay in you to talk about sweat coin? They don't pay me squat. I paid them to get those tokens. I've also told you about a thousand times that it's free, sweat coin is. The app is free. Oh, but they track you, Rob. They track you. Well, then they don't. I had the CEO on, it's in their terms of service and they talks about it, they don't. Anyhow, not to get off on tangent. So that's when sweat coin goes from this freemium service into the crypto world on September 12th of this year. Oh, it's coming up. It's going to launch on NIR. And the thing about sweat coin is that it's already been around for three years and it has over a hundred million downloads. And it's the number, it's between number one and number five health and fitness app globally on Android and iOS. So they've already got over 12 million crypto wallets. It's the fastest 12 million crypto wallets ever. So we'll see. We'll see if NIR can handle that. If it does, that price is going to go with the roof. Just depends on if they can. Rob, which network platform will get hacked or lose custom money? All of them. All of them will. Just assume that and put everything in a cold storage. It'll be fine. Let's see. I don't know. Old guy tech. When it's between Tracer or Ledger, which one of the best? I never use a Tracer. Some people love it. I just don't use it. But, Robert, blood money golf. No dignity. Nervous soul, maybe. Sure. So there's a link. Hold on. Let me show you what they're talking about. I know I got a lot of links, but a lot of information. So the question is, can you please show us the link you use for the four-year cycle? So this is the four-year cycle. It's a nice little spreadsheet. Very nice. I put it together, did my best. Just goes through this. Talk about one I like to dollar-cost average. And, you know, all models are wrong. Some are useful. So will the four-year cycles hang tough? I don't know. But if you want to find this to where that is, there's a link in the description. And it looks like this. Under strategies, four-year cycles. And you click that link and it takes you there. Also, another one of my favorites is the Cardano ghost chain. Because some people think that Cardano has no tech and it's only a cult. I did take a break. I took a break yesterday. I shouldn't, but thank you, Tesla, I appreciate that. I should be fine, but I'm not. Tired. Really tired. Maybe I'm just lazy. I don't know. Rob, are you keeping cash inside for the speculative cash from this? You're just going to submit it? What's, I don't know how much it is. You're going to break that down for me. Kathy Woods sold the bottom? Yeah, but that sucks. I mean, I understand why SEC comes in and said, you guys sold unregistered security. So we're going to soothe the pants off you. And that should usually be the death, the kiss of death was the kiss of death for Ripple for quite some time. But then BlackRock comes in and goes, you know what? We don't care. We want to use you as our custody service for our 10 trillion assets under management. And that is just a, you know, that's a testament. If you think that, if people say, ah, crypto's Ponzi and it's going away. Well, why did BlackRock, why did they want their customers to get into it? Thanks. It doesn't make much sense to me. Thanks for trying. Thanks. Are staked coin base, ETH safe? I don't know, but I don't understand why people want to, I wouldn't, I'm not going to stake that. I just thought it was a long time. I mean, with the merge coming, who knows? Thanks, old guy. Me and you got to stick together. Old guys got to stick together. Ah, I didn't know that. Bitcoin is a legal tender in Lugano. Interesting. Thank you, meme. Kyle Federillo. Let me find you. Can you ask it again? I can't find it. Kyle Federillo. More mail. Not many people are talking about it. I talked about this three days ago. It was not a bridge or phishing attack. It was private keys. Yeah, apparently they emailed some private keys. Who would have thought that would have not worked out for them? Yeah, but you know, Ben and James, they can carry the show. They don't need me. They're good. Hey, Rory, oh, there's a crypto bill passing. Is that the Lummis bill? I sure hope so. Bobby Schoutz, I might take some. Let's see, here's the thing. Like, if I don't do this, like, I'm gonna do a lay around. It's like Marcus Aurelia says, is that the designation for the body to lay in bed under warm blankets, or is it to get out and do the things it was born to do and supposed to do? Just because I'm tired doesn't mean that you don't stop working. Let's see, Trasor. What's the question? I can't find it. Just someone, hold on. Okay. I have 13,500 a consolidated debt. That's pretty good. I pay no interest. That part's good. The debt's not the greatest. I pay 325 per month on that debt. Okay. I have a 580 credit score. It's not the greatest, but whatever. I wanna buy a house and I have 40K in crypto. Don't buy a house right now. This is not financial advice. Why are you buying a house right now? Why are you thinking about buying a house? Do you need a house right now? Like, do you have your entire family, multi-generation that is on the streets? Okay, I get it. You probably need a place to stay. But I don't think a house right now is the best option. I think just wait a little bit. I mean, if you could, me personally, like if I didn't have a house, I'd rent a house for a year or an apartment and just wait and watch the prices go down. Unfortunately, the rates will go up. So there is that, but still you can get, I mean, we just saw the average price go from 450,000 to 400,000 in like less than a month. So, okay, and the coin. Option one, pay off debt with new money. Here's the question. If you're not paying interest, why are you paying off the debt? It's free money. Would take two or three months. I don't know why you'd do that. Like me personally, if I had a loan and there's no interest, I'm not paying that, I'm letting that, I'm paying the minimum and do other things with it. That's just me. Boost the credit score and buy a house in six months. Six months, maybe longer. Option two, put all the money into crypto and rent an apartment for a year and look to take profits 2024. I don't like any of those options. And again, I'm not a financial advisor, so I can't tell you what to do. If it was me, I would not be putting all my money into crypto. Remember what we talked about in the very beginning? I would, me personally, I would like to put everything into one basket. And I know some people will say, but that's where we all the money's made, Rob. You got to put it all one, I'm like, no, that's not. Like, I think Bitcoin will do quite well and crypto will do quite well in the years to come. But what about this year? Do you think we're at all time highs? Do you think we're at all time highs next year? Well, then why would you put it all, all, all, all into crypto right now? I mean, if you did, it probably wouldn't be the worst thing of all time. If you can wait two or three years, but that's if, that's a big fat if. We never know. What if, here's another scenario. What if, for example, China gets all riled up over Taiwan and then China goes, you know what? We're going to invade Taiwan. And of course, you know what happens? Then America's got to step in. And you know who's going to step in with China? Probably Russia. And who's going to step in with America? Who knows? Whatever the allies are, NATO. And that becomes World War three. So do you think that's going to be resolved in less than six months? Two years, three years? No, it's World War three. And usually in those situations, people don't like risky assets to invest into. So you got to really play it defensively. It's not how much you make, but it's how much you keep. And there's just a lot of unknowns that I can't tell you. And you know, that's why, like I know it's not the most provocative way, but that's why a dollar cost average. And I've always got things on the side. And I can always kind of move things around and be liquid when I want to be. That's it. Russia can't help China until I want, they're too busy, they are busy. But who knows? Who knows how much they're losing and how much, I don't know. I can't trust the media anymore. You trust stable coins a lot, huh? I'm not worried about inflation. That's, it's all fluid. So like over here, like you can see like I talk about 20% in stable coins. Here's the thing. I know people complain to like, oh, 8.5% inflation, my money's getting inflated away. I'm gonna put it all into Bitcoin. Okay. Well, you can do that, but I can tell you Bitcoin went down below 8% in less than a month, not a year. And here's another thing. I know this is a crypto channel, but sometimes you gotta just take it for what it is, remind everybody of something. Let me show this real quick. You can buy the dips, you can do all those things and weigh a little bit, but as time goes on, you have to really think about like, what is my time horizon? What's my risk level? Again, it's up to you. But like, if we take a look at El Salvador, this was just a quick sheet I put together when everything was going through the roof. I'll blow this up so you can see it. So I just took a look at the date of purchase for El Salvador. The Bitcoin price was at 51,000 on September 6th. They purchased 400. The value at that point was 20 million, 400,000. And then I had an update it because I was doing this during the highs. And the price of Bitcoin was at 59,000. So the value today was at 59,000, 23.6 million. So that was a difference of, they were plus 3.2 million. They did it again in September, September, October. And everything is great, right? They bought it at 43,000 and it looked like geniuses went on up to 59, 45,000, 50,000. So did Michael Sayle look like a genius. And he probably, you know, he will be proven right, I think as time goes on. But you gotta think about the short term. The short term is this. Price of the day is roughly 23,000. Yeah, roughly. So right now the difference is 32 million in the whole. 32 million in the whole. So when people are talking about going all in and things like that, just be careful. Again, what's your time horizon? I think El Salvador was like, I don't think they're President Bukele, Bukele, Bukele. I don't think he was like, I wanna be a dogecoin millionaire. I think he's in it for the long haul. So that's the question for everybody. People are like, well, I'm just gonna put it all in. Well, can you take that? Two, three, four, five, 10 year volatility? What are the rules? What are your rules, I guess? Let's see. That's a great question. Rob, which crypto do you think will hit its all-time highs? First, Solana, Cardano, or Cadena. Ooh, Cadena. Everybody seems to love Cadena. I don't really know much about it. Out of those three, I don't think Cardano can hit $3 because even though the Vazel upgrade was, they pushed it back a couple of weeks, still doing pretty good. Solana, there's a lot of issues. I mean, the hack that happened was Solana wasn't because of Solana. It was because of the ecosystem. And it's the same thing with Cardano. Remember when everybody gave so much grief to Cardano because Sunday swap didn't outperform out the gate because it was so slow and there was a concurrency issue and it was just awfully, like molasses slow. And everybody said, well, Cardano sucks. It wasn't Cardano, it was an ecosystem issue. It was Sunday swap. And they fixed that issue and they moved forward. Now people want to say, well, it's Solana's issue. It's not Solana's issue. It was, well, it wasn't even an ecosystem. It was just the unbelievable lack of security settings as far as they were, I think as far as I understand, they were transmitting private keys over the internet in some way, shape, or form. Stupid. Then mental access, Solana crashed. They slowed down mental, what a great picture for mental life, that's a good picture. Yeah, they do slow down. They have DDoS attacks and so on and so forth. The question is, do they slow down? And then of course, are you okay with all their validators restarting everything? That's up to you. To be honest, I still hold Solana. I don't know. Again, I'm not here to change the world. I'm here to make a profit. I gotta agree. TRT dude, most people just don't work out enough or get enough sun, test levels overrated. Wow, I get enough sun, I'm in the sun city. I work out six days a week. Maybe there's a testosterone thing, who knows? Let's hope so. Did a blood draw, I did a couple scans so we'll see what the results say. If I come out looking jacked, you know what the problem was, what's your thoughts on Vechain? You know, I was not a big, I was a big advocate of Vechain in the early days, like 2017, 2018, 2019. And then it just kind of fell off the face of the earth and they just worked really hard. Now I see that they're actually partnering up with, they partnered up with Walmart a long time ago and I just thought it just looks like a trial run, but it looks like they've been doing a lot of work. Also with pharmaceutical companies and some other place. So Vechain is actually one of those projects as far as I can tell, which actually has a real world use case. It's all about tracking and those types of things. So, I don't know, I don't own any more. So, and on this channel, you know, I'm super biased, right? Like I'm super biased. Like if I don't own it, like I don't really talk about it. It's the truth. So if I start talking a lot about Vechain, you're like, oh, Rob must have about Vechain, makes a lot of sense. Well, Rob talks about Bitcoin, maybe you own some. Ethereum, Cardano, Chainlink, he must own some. Yes, you're right. John, go, I'll let you know. I'm gonna do the sliced alone stack, TRT and HGH and whatever chemicals I can put in my body. Oh, I gotta send you a text today, meme. We gotta hammer out the charity for Protechos before October 1st. I'll text you later. I'll text you later. Any microcap coins? Yes, yes. Gensokishi, which has taken a huge hit. There's a second channel called Dan Degen. Like this channel is just meat and potatoes, straight up, dollar cost average, super safe. But that's like the Gamble channel. Like if you wanna gamble, Dan Degen's your channel. And the first one I ever did was called Gensokishi, one of the, and that was before it came out. And I did great, picked that for like a penny, went up to a dollar 45, I was very, very happy. Then it kind of went down to 50 cents, then 40 cents. And it was there for a long time. Now it's at 23 cents. And I talked to the guys over there, I go, what is going on? You guys have been stable at 40 cents for like months. Like, yeah, we had delay, I'll roll out. So people are ticked off at us that they, you know, they think that any delay is a bad thing. I'm like, oh, maybe I'll have to pick some more of that up. So microcap Gensokishi, I think it's like in the 400s. It's the reason I like it so much is I have four criteria, the cut, and that's only for projects that are just getting started, not products that are already established. I was looking at the community, how big is it? What's the utility, what does it do? What does the team, what is the tokenomics? And the great thing about Gensokishi, and it's the same thing with sweat coin, why I like those two, is because Gensokishi was elemental knights. It was a game that was on Android, iOS, PlayStation, and Nintendo Switch for years and years and years. And they went from that to play to earn. And also they built it on polygon. So I really liked that project because they already had millions of built in gamers. So like, it was a workout pretty well. And it did work out great. And now it's a play to earn metaverse game. And they're just slow to roll out some things to getting things right. I'm cool with that. I mean, take some time. So yeah, Rusky suck, said, test therapy will shrink your balls. Dark path to go down. I would try anything before that first. Once you get mad, I ain't even gonna get raised for a firefighter based on Chilean. Too early to bed, intermittent fasting. I do all that stuff. I've been intermittent fasting for seven years. Seven. I don't eat breakfast. I always start around 12, one. So pretty good. Maybe it's something else besides that. You never know. You never knew. Dog put me on steroids last fall, NASA didn't like what I turned me into, kept from people. That's not good. Loris, Loris says, Hey, Rob, what's the latest on real estate? Watch the video from two days ago. I had a guest on who was a real estate agent in Phoenix. Great guest. And she talks about, she talked about the macro in the nationwide. And she talked about, we talked a little bit of micro is what's going on in Phoenix, Arizona. And it was good. And it looks like there's gonna be a downturn. There's gonna be a pullback because it was just way too hot for too long, just like crypto gets. And it's gonna pull back. You're gonna see that maybe 12 to 18 months, maybe 24, and then things start to grow again. Everything goes in cycles. I don't care what people say. It's different this time. It's never just different. Just read this book. Do you see this book? This time is different. Economist, Ryan Hart, Ryan Haught and Rogoff. They go over eight centuries of economic data and just pretty much say that it's just everything's in cycles and just repeats and repeats and repeats. People are victims of habit. Oh, what would you do if you can only afford to invest 100 to 200 bucks a month? Depends. Am I 21 dashingly handsome, Rob? Or am I in my 40s super tired, Rob? Or am I in my 60s really tired, Rob? It just depends on where you're at in life. Like let's say if I'm 20, 21, I'd probably throw a lot of that in some risky stuff because I got a lot of time. Who cares, right? A symmetrical bet would probably be crypto. If I'm 30, 40, 50, well, if I'm 40 right now or pushing up to 50, I would take a look at it and go, you know what, I probably want to diversify a little bit more because who knows how much time I got? So I probably want to, if it's just 100 bucks, something safe, I mean, I don't know about bonds. It seems kind of ridiculous. Maybe like an, I would look at a, still a little bit of crypto, maybe an REIT, a real estate investment trust. And if I was at that point, I'd probably want to also put into a Roth IRA, quite honestly, because I'm gonna be retiring at 59 and a half, so that's what I would do. And then if I was like 60, 70, depends on how much money I have, but if I'm like swinging at that point, it depends on how much I have. If I have nothing, I'm all out to swing for the fences because I'm like, well, I'm 70 years old and I got nothing in savings or whatever, if that's my case, asymmetrical bets and go from there, which is only one big asymmetrical bet, in my opinion. Top five cardamom projects, world mobile token, cornucopias, meld, wing writers is for the decks. And I don't know, I don't want the fifth one, but those are the ones I like. Oh, there was another one, damn it, what was it? World mobile token was working with them for real estate. I forgot the names, but that seemed like a pretty good project, so that's what I got. See, there you go, Chris says I'm 60, still buying crypto, have a good phone, okay? Yeah, well, because in these days, you might live to be honored, who knows? Yeah, maybe, it's sad, Maddox will be a blue chip if Raider, they took too much time, yeah, maybe. It just depends on their scale. All right, buddy, so I'm exhausted, I'm really tired. So I'm gonna cut it off for there. I wanna say thanks, everybody, for stopping by on a Saturday, I do appreciate it. If you liked today's video, give it a thumbs up. And that's it for today. So look, thanks so much for stopping by, I appreciate it. And I'll see you guys in the next one, whenever that is, adios.