 Hello everybody welcome to the Sunday live stream and today I took a look at a couple different factors about what was really going on in the Bitcoin ecosystem and a couple of things shocked me first of all that the Bitcoin transaction fees are so darn high Why that actually is and what's happening in the background also run take a look at the portfolio see how it's actually doing As far as the Holocaust averaging and then lastly Caspa. So first things first Today I woke up and I was trying to buy some things and I was moving trying to move Bitcoin around and the thing that struck me was it was $15 15 or 16 bucks just to transfer Bitcoin or to To move Bitcoin and I thought to myself why the heck's it's so expensive because that seems like a ridiculous amount For Bitcoin, so I took a look at bit info charts commas link in the description You can check this out or just Google bit info charts and I took a look over three years and in blue Is the Bitcoin average transaction fee? you can see that usually Bitcoin average transaction fees are pretty low as compared to one of the the most expensive Fees out there, which would be a theorem and we to see here like October You see the Bitcoin transaction here like two dollars and sixty cents something like that Ethereum crazy enough twenty two dollars and so on so forth now There's been times where it's actually gone a little bit of above and a little bit of below doesn't really matter It's just over an average you can see that Bitcoin the transaction fees are usually pretty low The problem is is that when things heat up and we saw this every time we see this every time that? We have like a major bull run. I saw this in 2017 A lot of you saw this in 2021 and how we're seeing it again And it's one of those things that we we can kill the narrative Of you know Bitcoin is there for peer-to-peer transactions. No, it's not it's not If we see that and let's be honest not everybody's using Bitcoin for peer-to-peer transactions But if they did it would be super expensive of course now people are screaming out there screaming right now going but Rob What about lightning lightning will take care of itself at some point if that actually takes off the ground and everybody's using it Sure, but so for right now We're seeing a lot of transaction fees and what I took a look at was just the last Well, it's a zoom in shall we the last three months or so again blue is Bitcoin red is Ethereum And I'm taking a look at this and I'm like what the heck just happened because this is now It's supposed to be in all honesty Ethereum might get it because everybody's using Ethereum They're they're doing everything with with NFTs and D5 plays and ERC 20 tokens obviously right makes sense But over the last couple of days and look at this you got a Bitcoin average average So it could be how it could be lower $18 Ethereum transaction fee $7 almost eight bucks, right? Then of course it's gone up and down, but today is it's it's a wide Dicotomy you've got almost a theorem transaction fee of almost $5 and Bitcoin transaction fees all the way up to 18 I put this out actually on Twitter this morning I said what I go I've seen it all because now we've got the Bitcoin transaction fee almost triple well, two three and a half times of what the Ethereum average transaction fee and then Asus is like his ordinal Susan is back and I was like yeah looks that way and then son Jack Ripple put out he goes Yeah, but look at this, you know as far as like crypto fees Bitcoin is in second place and Ethereum is in first place and first of all is like well, that's November 13th Let's take a look at it what it is today and today the Bitcoin Actually the one-day fees Almost 12 million dollars in fees that's pretty good for Bitcoin miners. I mean the the process in the transaction They're they're building those blocks and they're getting paid. That's fine I don't have a problem with that seven-day average transaction fee 7 million Ethereum down here at 5.5 But again, what I've always said before is take a look at an average are things moving up or things going down because These are fees. I mean like Ethereum is pretty expensive usually and of course other ones, you know people will say well Solana doesn't you know get that many fees or Cardano doesn't doesn't have to pay them any fees. Well, yeah, because it's cheap super cheap So that really depends on on the network congestion or not and if they can actually handle it We can see over September August or so. You can see that it was pretty low Pretty damn low probably second third maybe fourth place and then all of a sudden bloop It came up. What the heck happened? Well, hey, Sue's called it. It's ordinance Ordinals if you don't know are essentially NFTs on the Bitcoin blockchain. That's really what it is and Bitcoin maxis lost their mind when this came out and they were like this is a problem. We don't need this on Bitcoin This is not what it was designed to do And now we're gonna have major congestion and you know what they were right now I'm not gonna sit here and argue with with anybody about is this what it's supposed to be Is this what it is if you look at the Bitcoin white paper It says very clearly peer-to-peer transactions and all of a sudden that went out the window when we figured out that it was just Way too damn expensive and then all of a sudden it became digital gold and then it became a hedge against inflation and then it became Fill in the blank or whatever it is so like for me, I think that is a it is a I think Larry thinks put it pretty pretty well a flight to quality And it really is a hedge against inflation in my personal opinion We can see that over time over how much you can get, you know 10 years ago How much could you buy for 20 dollars in the grocery store for groceries? Probably a good amount today and of course 10 years ago one bitcoin was like 20 bucks Maybe 40 50 something like that and now of course one bitcoin you can buy the store So it's a little bit different, but if you get back on track, it's ordinals and this is what we have so Tokens based on the bitcoin blockchain are emerging as the newest play among market participants BRC 20 Category tokens have added some 21 percent as a sector. What does BRC actually stand for it stands for bitcoin? request for comment it was introduced in april To allow users to issue transferable tokens directly through the network for the first time and that's a That's that's a really good point in april it was introduced april So we take a look here. Let me go back Now let's just go now. Let's go three years and we need to see over here see where I This was roughly may 6th And ethereum transactions were 27 dollars and bitcoin skyrocketed from two dollars All the way up. Holy smokes to 30. Yeah. Wow to 31 dollars Bitcoin average transaction fees that was in may 8th So ordinals were introduced roughly around april or so People finally caught on took them two or three weeks maybe a month and the transaction fees went through the roof Is that going to happen in the bull run? Yeah, probably we'll see how it how it goes anyhow They were introduced in april to allow users to issue transferable tokens directly through the network for the first time tokens called inscriptions Function on the ordinals protocol the protocol allows users to embed data You know the bitcoin blockchain by inscribing references to digital art into small bitcoin based transactions already or di a token tied to the ordinals protocol was listed on Binance field of 50 price jump of an hour's Uh data from ordinals tracker can be shown on ordered spaces. There's over 37. That's crazy. There's over 37 000 bitcoin requests for comment 20 tokens exist after thursday So I was just curious about that that already token itself. It was listed on binance. How to do Well, it's down 8 percent Since the the inception but look at this If you take a look over seven days, not too bad 14 30 look at this And you can see like already or scan ordinals fid So in november. Wow, look at this 31st october was like five bucks And then I'm rocking it all the way up to 26 76. That's that's uh, quite an increase or a jump Does that mean that is the best thing of all time? As far as price action goes. Yeah For for quite a things but is it going to last this the test of time? Who knows So then says data from ordinals tracker or spaces and that was another thing that I took a look at There's a website called ord space dot org And you can take a look at it and it's got All the different ordinals brc 20s as far as ranking and market cap. Look at this one called sats Market cap is 459 million. That's crazy. So I was just curious about that one Maybe we can find that here as well Sats I don't know if this is Ah, no, no, no, that's the toshi's vision sats and see how it says ordinals right there Ordinals, okay, pick that Sats ordinals you can find us an ordinal scan Sats coin that's crazy How's it done? Well over the last 24 hours. Not so good 14 days 30 days 90 days. All right 180 days Okay One year And then that's max and this just got out in june and it went from nothing Yeah, like 5,000 something percent so That's what we have as far as like what the heck is going on. How will this affect bitcoin moving in the future You're probably going to see more transaction fees. It's probably going to go through the roof and especially with the next Bitcoin bull market actually the crypto bull market, which I think is coming up relatively soon Could be 2024 could be 25 who really knows but you're going to see those transaction fees go through the roof And uh, that is what it is now. I'm not going to sit here and say that this is wrong or this is right I'll let the market decide that's what it's there for so let me just think about that in the comment section and then Let's talk about Accumulation time and we're going to take a look at the portfolio. This is a pretty clear example Of how things have been working so far. I'm a big believer in the four-year cycle. I could be wrong It could break down It's been doing pretty good for the last 12 years or so. So, you know, we have these These peaks and these draws and these the all-time highs Then we get a bear market Then there's a big chunk of accumulation as things start to like, you know Kind of track sideways where nobody wants to do anything because they're bored with the market And it didn't go up 5,000. Everybody's ticked off and then people that get rewarded ones that pretty much just kind of stick around Dollar-cost average, I think and then as time goes on bull market. Same thing happened in 2014 and 2017 Back here is 2013 and then we had an all-time high Then of course everything just it gets it always gets overextended because the technology is there But the people haven't caught up to the tech like people just don't Understand like bitcoin like asking any of your friends out there that are out of crypto and say, hey What do you think about buying crypto? What do you think about buying bitcoin? Like what that's way too expensive? I mean, you know 35 34 thousand dollars or whatever it is today. I can't afford that and then you can remind them Hey, you know, you don't have to buy a full bitcoin. You can buy these things called sats And uh, you know, it's like a hundred million for one bitcoin You can buy 20 bucks of bitcoin and that's just how far along we are because people just don't get it So again, things get overextended. We get a bear People accumulate these the smart ones like you watch in this video right now If you're here right now, you probably have been accumulating for quite some time Congratulations, not easy and you get a bull run And then of course it comes down over here and the same thing happens again And the same thing's happening again. It's just it's just a cycle It's just how it is and it always astounds me is of how people like they want to rail They they're always like no no this time is different Rob because of x y and z like no, it's not It's gonna be the same thing. I don't know how big the bull run is going to be but I mean it's just I could be wrong anyhow So you got a bear market and now we're we're accumulating and that was the whole point of me Dollar cost averaging in 2022 to today So what we've always done on sunday, just take a look at the portfolio how things are actually doing This is what I'm actually buying and I want I have to remind everybody this is not everything that I own you understand like I own some things that Uh from the last cycle like I still have some theta got a bunch of theta I still got some xrp. I still got avalanche from the last time and a host of other things that are just sitting there But I didn't uh sell correctly and that's on me But I'll forget it right this next time But here's what I've been actively dollar cost averaging and these this is either like on a daily or on a weekly And we've got algo arbitrum near cosmos polka dot polygon chain link doge cardano, solana theorem and bitcoin And we started this in september 1st and I said, you know, let's just this is not what i'm doing But i'm just saying as an example 10 bucks a day right for everything. How would we be doing? Well Over time we pretty doing pretty damn good actually now If you would have looked at this again in october I was only up you would have been only up if you were started as a thinner first You're only up like three of these cryptos And chain link was your big winner Solana was only up 7.8. Bitcoin was up 1.5. Everything else you were down But now of course things are looking pretty good, right? Everybody's happy. Yay So everything's in the grain fantastic. But again, if we just zoom out real quick accumulation Let's just take this back a knot shall we The let's let's make the starting point a little bit earlier February january 1st How would we have done? Well We would have still sucked in the beginning because it's just tough to dollar cost averaging nothing, but then as time has gone on We weren't actually in the green all the way. Were we? We're actually three Underperformed and these are the ones that I really I thought were doing pretty good Arbitrum I thought was going to be a major hit and just barely now squeaking things out. Maybe it'll actually pump up I'll go at them so and so forth But you can see that it doesn't matter because You were in earlier You dollar cost average you're up massively right you invested 3,000 Solani you've more than doubled an 8400 link. You've roughly doubled bitcoin Near doge a to e Atic dot and I gotta tell you I think that some of these alt coins will outperform bitcoin That's usually how it always works And then we'll have a blow off top and then everything will crash and the alts will suck for a while And they'll be down 90 95 percent bitcoin could crash again another 77 80 percent And they'll just kind of you know repeat. That's what I think I don't think this next one everybody's going to adopt the coins like oh black rucks here So everybody should get on board. They don't get it yet. They don't get it But it could be wrong, but there's one thing that I'd like to To mention. Let's just say for giggles We put in this thing called Caspa Caspa How much will we be up? Oh, there it is this one now take this with a grain of salt Because caspa has been on a absolute tear And of course everybody who's invested in caspa now gets to remind me rob I told you about this six months ago nine months or whatever it was and of course you'd be up 741 percent You would invest at 3 000 with a 25 000. This is kind of chair. This is not kind of this is cherry picking This is really what it's cherry picking data. I understand. I get it I'll lash myself later But it is just something to say about some of these things will come out of nowhere and I'll outperform And that's just one of those things so you have to understand like Is this something that I should get into or you should get into I might tell you right now straight up gambling It's straight up gambling. That's just what it is. However, we could take a look at it And of course, I'm going to do a quick little overview of caspa And you can decide for yourself and of course there's a lot of videos out there You can find out you can go to the website I'll link down in the description You can figure out for yourself. This is something you should get into but again Does this mean that this is going to be the next solana? This is going to be the next cardano back in you know, 2018 to 2021 I have no idea and nobody really does and if they tell you that they are the full of it So here we go. So caspa You go to caspa.org and right now like when I first started looking at it was like ranked 80th or 70th or something like that Now it's like 27 28 correct me in the comment section, right? So caspa Especially it's supposed to be very fast. Let me just go over here. It's supposed to be very fast supposed to be it's a proof of work it's a layer one and Instead of being a blockchain. It's not a blockchain. It's a block dag. It's a ghost block dag as they call it And a dag is a decentralized not decentralized directed A cyclical a cyclical graph So instead of let me just show you what it looks like instead of being all in a line Like how bitcoin does And it can verify all the different blocks every 10 minutes and it kind of goes back This is what block dag does it pretty much just kind of just spurts everything out And it can correspond to all the different blocks that are out there Which makes it very quite quick as a matter of fact And we do a comparison chart This is caspa the speed and block time it makes a block every one second First of all, is that even true? It sounds kind of ridiculous. There's a website called explorer dot caspa and watch this So let's see here Still waiting So you had one at 120505 Somehow 0404. Ah, maybe this is the dag I don't really see it moving Let me reset it I don't know it was fast Okay, there we go. Maybe there was a sticker who's stuck So, okay, you get them producing blocks every single second. It looks like roughly, you know Transactions three two two, of course, that's every second The question I have and we'll get into this is who's using this? That's the question. Okay, so that's caspa. Let's go forward tokenomics, this is the big thing and I think this is pretty Pretty good as far as like of course consensus mechanism. You can say, you know caspa bitcoin cadena Proof of work proof of work proof of work ethereum proof of stake light coin proof of work cardano proof of stake And the best one out there my personal thing ergo proof of work proof of for dogecoin Uh scalable. Yes max supply. This is the thing. Bitcoin's max supply is 21 million Cadena is a roughly a billion ethereum is infinite, but it can be deflationary The max supply of caspa someone said was 28 million. No, it's 28 billion 28 billion 700 million. However, if you look at cardano, that's roughly about the same It's in the it's in the 20 some billion correcting the comment section So it's not outside the realm of possibility. This can do pretty well. I mean, like I said, it's number 27 solves the solves the uh, try lemma Scalability security and decentralization. All right Smart contracts coming soon and bitcoin it says no, but if you if you put on stacks That's the smart contract functionality on a layer two. Essentially. That's what stacks can do. So I don't really know if that's true Gas fees are low fair launch. This is a big thing fair launch was yes bitcoin was yes cabana. No ethereum. No, no, no And a couple yeses what that means is that there was no ico It wasn't pre-mined. It wasn't given out to a bunch of vcs We just kind of put out there and then you could you could um, you could mine it And that's how you would actually get it, but the it's a little different anyhow It's speaking of mining So here's the emission schedule of how much is actually going to release. We know that bitcoin the last last bitcoin we mined I believe in 2140 So we got quite a bit to go even though we've we've already mined like roughly 19 and a half million or so And I got to tell you I think three to five million have been lost already. I'm either coming back But here's the emission schedule itself So pre-deflationary month one They were putting out 500 per second quite a lot And then of course if we come over here We've this is the second year We are in November correct So right now it's 77 Yeah No, no, that's only only four genius. Let's see. Oh, yeah 155 number six 2023 So we've got 155 and getting cranked out every second and then in december 7th will be 146 and 138 So that's how it's uh being pushed out as far as the schedule goes for Caspa and then there was one more thing I will say this This was the one I like the best as far as like the people who are behind it. Here's the founder Yonatan Sampolinsky nailed it And mind the ghost egg invented by Yonatan with his then phd advisor professor aviv zoar This was back in 2013 When they conceived the the ghost protocol And it was actually cited in the ethereum white paper. I thought it was cited in cardano paper as well, but I could be wrong Yonatan curly holds a post opposition to harvard transaction ordering protocols and mev and they got a couple of Developers which looks like they're all high speed stuff and so on and so forth. So that's what we have for caspa And uh, I will just say this I know people are talking about how great it is and you know, it's going to be fantastic I know someone just in the comments that just be careful because it's a pump and dump. Who knows Because I got to ask you right now If we take a look back At the fees schedule Like Here's all the different cryptos that this website is tracking. Maybe it's not Tracking caspa right now. But the question is besides the people that are buying it right now And of course, yes, apparently it is super cheap. Yes, it's proof of work. Yes Apparently it solves the trilemma and all that great stuff and it's great for transactions if they can do, you know One block per second sounds pretty great So far people are buying it like crazy. It is speculation How many different companies are using it? How many people Are right now using it for to buy things transactions to buy coffee, I don't know whatever it is or Fill in the blank of whatever crypto can actually do. So for me, I'm looking at it and to be fair. I have bought some I'm not I'm only human even I get into the little formal But I will just say this There are some things that make it attractive And sometimes these things will make people buy it like crazy And the real question is is just what we looked at in the very beginning When people start to use it and they use it a lot And not talking about the people that are coming back and forth and talking about the people that are really really using We're going to have something like this Will this ghost dag be able to hold on And process all these transactions and not Go super inflationary As far as fees go Back in 2017 when I got in Everybody told me that bitcoin was for peer-to-peer transactions only This stuff about digital gold and hedge against inflation was bs It was there in the white paper But as soon as things changed the investors said, you know what we think it's for this And I don't blame it for that because it's all like technology Do you think we had any idea How great iron ore is or what we could do with fire when man first discovered it or steel We had no idea that we could actually make Rockets out of that, which I think is what stainless steel. I think that's what uh SpaceX is using their latest rock out of crazy Or building skyscrapers and things like that. I just think the technology isn't there yet And we'll see what happens the next bull run and that's it for today So look like today's video give it a thumbs up consider subscribing when we talk about his time sensitive now that concludes The news so if you got to take off take off go watch football golfer and I'll see you in the next one