 Hello everybody. Welcome to the live stream of NFA live episode 52 53 somewhere around there So I am joined as ever from coin Bureau, Jessica. Welcome. Welcome back Great to be here. Thanks, Rob. Yeah, absolutely And then a gentleman who is just going to go through basic training Benjamin Cowan from into the cryptiverse Ben welcome Thanks, harmony. Yeah, I got it. That's a sharp haircut. I like that haircut So right now everybody if you haven't aren't subscribed to to these two individuals You can find them of course over on well coin Bureau Jessica you guys have a lot of channels you have coin Bureau coin Bureau clips coin Bureau Japan coin Bureau trading coin Bureau Spanish And I is that it there's just something else You do my job better than me Rob And also we have the coin Bureau discord if you want to chat with the team and listen to some AMAs so We've got something for everyone Perfect, they got that and then I just I'll see you guys at the coin Bureau club or you start to review some really wacky Alt coins that I've never heard of so we talked about that so guys everybody check that out links in the description Then of course you can find all his information in the description And of course this website should look very familiar to you as I steal all of his information So everybody, thanks for stopping by. Let's get into the big questions of today. So This was it we're gonna go over we just have three things and what I'd like to do is I'd like to get more Q&A from the audience because a lot of times they come up with some great questions that I haven't even thought of so we'll go over Three things real quickly, which is the first question is what lessons from the crypto cycle of 2021? Can we bring over to this cycle? Then what we'll talk about the den Kuhn ethereum upgrade and then lastly I want to ask a question about what was the biggest ROI? You've ever done on a project outside of Bitcoin and ETH, which of course this should be very entertaining So let's let's just start off Jessica We'll start with you. So the first question, of course, we just talked about what because you've been around since I mean I always is 2013 or 2014 you've been around 2015 2015 yeah, so you've been I mean you've been here for multiple multiple bull runs So what are the lessons taken over from well you 2013 and 2017 and 2020 actually be 2017 2021 into this book. What do we got? I know I'm sure you're showing my age now, Bob. I just I Think starting with lessons that I have picked up from family and friends along the way and that the main one is really is to Understand what you're getting into so make sure to educate yourself make sure to educate yourself on Bitcoin on the potentials of blockchain technology and It also helps to understand money, which is inevitable when you look into the Concept of Bitcoin and why it was created you then go into the history of money And then it helps you understand a little bit of the legacy work that the community here is doing Because it's very easy to get lost along the way So you got to remember not a get rich quick scheme We're starting to see a lot on crypto Twitter a lot of the this is how you flip Five figures into a million in just six weeks. These are the five out coins that you need to watch be aware of all of those I would say it's so easy to lose your head here and to get over excited to get a little bit greedy And to completely detach from what is going on in your portfolio I always say one good example of how to re-level out your portfolio and to kind of Restabilize yourself is to look at the coin fashions page on Twitter. I'm not sure if you guys have seen that It's called coin fashions and it's a very humble honest open Anonymous I guess you can give a little bit of dictation on some of the fails You've had along the way because so many times in crypto You just see the wins you just hear about the wins and it can leave you to be a little bit impatient So I would say it really helps get away from the Twitter bullish mania that we are seeing at the moment Decide your strategy make sure to remove any emotion from it when you do see the market in a PQ for you Like we're seeing now and then personal mistakes. I've had in 2021 not your keys Not your crypto. I have some ETH on block five, which now people have got their funds back If you have not yet, please make sure you do so you'll be getting emails from the block five team But not your keys not your picture was a real big lesson for me. I actually was that is in Istanbul Istanbul blotching week I was invited to go on to TRT world to talk about the FTX collapse was telling everyone to get their money off Exchanges while having a significant amount of ETH on block 5 and by the time I came off a block 5 had halted withdrawals So I think that's something so important self-custody isn't it people do overlook very important to keep an eye on and also how to spot market mania So if you look at last in 2021 some of the market mania We saw crypto companies purchasing football stadiums and sporting stadiums We saw the seven rounds of crypto ads at the Super Bowl We saw crypto companies sport sponsoring F1 teams and sporting teams And as my coin bureau colleagues pointed out to me today one of the big market tops Let's be coin bureau yacht party of 2021 and we have not yet had a yacht party since so They said that actually pretty much to the day called the market top of 2021 So I think it's just about keeping a really level head on you if you start to have the electrician indicator you know, but your mom's friend around the corner that's asking you about crypto you have to remember to kind of Pay yourself pay yourself for the time and effort that you are putting into this and take some profits This is seen as a job. You are investing your energy. You're investing assets Make sure that you do kind of reap the funds along the way Otherwise, I mean no one gets a full golden star for holding for a full market cycle That's right We don't want to do round trips like people have done before and then just to just to piggyback on what you talked about You know, you said like, you know for the Super Bowl and the yacht parties and all the extravagance and things like that You know, this kind of has these 2021 vibes because there was just this piece that was put out yesterday It looks like from phantom wallet there We're doing some kind of fundraiser for dog with hat to put dog with hat on the Las Vegas sphere And apparently they have raised enough money to do that so if you're in Las Vegas watch out, you're gonna see a lot of dog with hat and That is the kind of money that we're putting into I'm sure Jerome Powell is probably thinking to myself Well, that's part for the course. I guess everybody's fine. Maybe we'll cut rates Ben What do you got for us as far as like 2021 lessons? I mean, I think Jessica basically said it all I mean, the only thing the only thing that I would add is again, I'm sick. So excuse my voice, but If you could show my screen The only thing I would add was one of the things that that Jessica said was to take profits throughout Like a lot of people in 2021 didn't really take profits, but they stuck around and now they're you know Now they're they're doing pretty well But if you have a problem taking profit back to us dollars because you're you're constantly fearful But you're gonna miss out right like you're just constantly fearful that you're gonna miss out on something or You really just don't want to hold a large sum of us dollars over a long haul And you don't really want to time the market One thing you can do with altcoins is you can just convert them Back to Bitcoin, right? And so it's like it's a form of taking profits But you're not taking profits back to us dollars. You're just taking profits back to Bitcoin, right? and True this chart here shows Total three which is the altcoin market. So not Bitcoin and ETH Minus USDT divided by Bitcoin, right? So you're essentially looking at the altcoin market cap relative to the Bitcoin market cap without without USDT and what you notice is that most altcoins Bleed against Bitcoin Over a long enough period of time now listen Every cycle, you know any any new shiny altcoin could could easily outperform Bitcoin, right? Sure. I'm not referring to those I'm referring from you know from from when it's born to Several cycles later it tends to get into this phase where it just starts to systematically bleed against the king and You can see it across many altcoins You can see it across many altcoins individually newer altcoins You might not see it on but it's only because they haven't been around long enough for you to know But if you look at the collective altcoin market You can see that they just bleed back to Bitcoin over a long period of time and you know one of the things that I was I was previously looking at is this This sort of this heat map for for for the crypto space that we have this crypto heat map and this is the top 200 all Bitcoin pairs So it shows over the last year Rob, can you can you say at my voice is going your voice is going pretty bad Darth Vader? I'm sorry, but these are the things that happen try to try to They yeah, I can't do it Basically, most of these alts just bleed against Bitcoin, right? 153 a blood against Bitcoin over the last year. So again, if you're if you're gonna take profits Sometimes you can take them to US dollars, but if that makes you worried you can always take them back to Bitcoin and This cycle really shows why look around, you know, Bitcoin is at a new all-time high, right? Most altcoins are not right and again, that doesn't mean that they can't get there Some of them probably will but the point is is like had you just taken profits to Bitcoin even in early 2022 or late 2021 You're still made money, you know If you if you didn't and you just held on to the altcoins, then you're still considerably down if you were buying at the 2021 high So I think what what a great lesson is, you know, these all coins back in 2021 They were essentially we reached parity with Bitcoin's market cap, right? You can see that this was essentially 0.98 0.97. Yeah So the altcoin market cap was equivalent to Bitcoin's market cap today It's that 0.46, right? So effectively the altcoin market cap relative to the Bitcoin market cap has been cut in half Okay, and so that's why I go on and on and on about like, you know The relative dominance of Bitcoin because it I mean that that is what everyone should take away It's how do you protect the satoshi evaluation of your portfolio? And it's it's to remember that these things that everyone loves in a bull market Even in a bull market, they're bleeding to Bitcoin, you know I mean even even throughout this entire bull market, right? They've been bleeding back to Bitcoin and so they can also do that in a bear market as well So it's just a reminder that and that's the I mean, there's other things too But I feel like Jessica basically all the other things, right? It's just she also said take profits One idea is if you don't want to take profits to US dollars because you're just you know You don't want to miss out or something you can always take profits to Bitcoin and that gives you exposure To the upside but it minimizes your downside risk Excellent, you know that's something I really need to start talking about because people always ask me the same thing It's about taking profits. So two things to note here Stefan sergeant says let the others carry the can Ben chill They love you and then Ryan says poor Ben's voice is bleeding against Bitcoin. So yeah, it's very true So what will then take a take a breather? Oh, man. Thank you for coming on even though You probably don't feel the greatest this will be the next one and it's pretty much directed towards Jessica Which is because you guys have covered this pretty heavily Jess on Coin Bureau the Dancun Upgrade so will this upgrade is it going to push people to invest in the ETH because I mean we just cross over 4k this week so is is the narrative the driver of Ethereum going up is the driver Some kind of fundamentals or is the driver hype and maybe speculation on an ETH? ETF I Think it's a combination of a thing. So just focus on context So Dancun is the most complex fork that we've seen ships since the Ethereum merge and it did go smoothly credit to Ethereum They had several for three or four I believe tests that rolled out over the last few weeks and the Dancun update will Mostly impact layer twos that are on Ethereum So when it comes to and this is I think really important for people to know is you automatically look at Dancun And what it will provide and the pro dank sharding element of Data blocks onto the blockchain and you'll think okay that will make Ethereum transactions themselves cheaper And that's not necessarily the case Then who will not impact the issue of high ETH gas fees But more layer twos on Ethereum and just to kind of highlight on that a little bit more It will be a layer twos that are not kind of ZK roll up supported layer twos So the likes of arbitram and optimism They're the ones base coin base layer to they're the ones that will be benefiting the most out of the Dancun upgrade I think there's something else to notice here, which is in my personal opinion if you look at new projects that are coming to build on a blockchain is Ethereum in 2024 as competitive as some of the other layer ones out there Because we have seen some price rollouts that have come through about what this means for Gas fees on Ethereum also gas fees on layer twos now on Ethereum and they've been slashed by by 10 You know, it's it's significantly cheaper It's gonna make a huge impact for projects that have already built on the likes of arbitram and optimism But for people aren't new to the market you've got kind of Solana's fire dancer you have some really competitive alternatives out there and I'm not sure for newbies are coming in that don't have this long-standing legacy to Ethereum for people that have been in crypto quite a long time I mean Ethereum is Has it strikes that the new projects then platforms that are coming in and new investors Are they looking at this from a more kind of holistic overview of what's cheaper? What's faster? What's more scalable and is the price for Ethereum? So I think that's an interesting thing to look into it will be more scalable for their two solutions as we mentioned I think what was interesting as well when you mentioned the hype cycle is We did see CNBC has a new kind of crypto world show and they had two episodes that came out in the last 24 hours on The Ethereum dencune upgrade and one was you know the rollout of the network's biggest tech upgrade in nearly a year And where are some pretty jazzy headlines? So there's quite a bit of hype around this which would that have come if the price was not how it was I think we spoke about this a few episodes ago It's what kind of pulls out the narratives and what gets people interested and first there has to be prices Higher than they were before to get new retail users and then there has to be the narrative that will follow suit So I think that the reason that dencune also got a lot of mainstream attention on the likes of CNBC Was because the theorem price was as high as it was because of the overall market condition And then next as you mentioned is the ethereum spot ethereum ETFs Yeah, and that is looking less and less likely since we've last spoke so Bloomberg analyst Bacounis and said I think it's a 30% likelihood that the spot ethereum ETFs will be approved by May and Poly market has a 45% likelihood So it's not looking as convincing as the spot Bitcoin ETFs were two months before takeoff Yeah, that's a good response. You know, it just it makes you think about You know all the difference the hype and the speculation about what's gonna actually happen. Sean says his best Spot on I'm not married to ETH ETA fees are unbelievably cheaper Of course people who love like eight are like, yeah, people hate eight are like that's blasphemy But just remember this, you know when this all this gets rolled out and I guess this was yesterday It actually happened. I put this up This was from into the block and it took a look at Gas prices before is it dencune or danken? I always say it wrong danken danken whatever and Again, like what you said, Jessica I mean that layer one fees are the same This was just average fees on a dex and ethereum layer one 1875 But arbitram I didn't know was this high because I haven't really used arbitram for for dex swaps or anything like that It used to be $2 now. It's gonna be 40 cents on average Optimism a dollar 42 now to 28 cents and then base which you can't get that anywhere Everybody's asking I've had people say well, can I get base somewhere? No That's coin bases and maybe they'll have a token some point but went from 58 cents to a penny I guess the big question is who's gonna are they gonna really adopt that they really want to do that? I think the big question would be is how does this actually work? And maybe if hopefully you guys over there at coin bureau, Jessica You guys can can follow up and actually see if those prices actually are what they say they are or if it's just on Paper and we'll go from there. Yeah, and we interviewed sound deep from polygon a few months ago And he was saying how it's gonna be kind of more interesting for the polygon ecosystem But actually matter itself and polygon is not gonna be Significantly affected because they do have the zk roll-up So they're not really gonna benefit as much from the price as the other Kind of other layer twos that are out there So it is important to do a little bit of DD when it comes to the prices Before you look at sending some some money because the gas news right now are Astronomical mm-hmm Absolutely. All right, everybody. So that'll this the last question. I will do a little Q&A which was this I just wanted to ask this question to see how everybody was doing but the question is what's the biggest return on investment you've done on a on a Project crypto project outside of Bitcoin and ETH and would you risk it again? So Ben, I got to go with you first then you can take a breather What kind of risky play have you done and this is all the way back to it when you first started Yeah, I mean, I don't honestly remember which one is the highest I mean I I can go I can certainly say like which one has been the highest since I started my YouTube channel Sure, um, because at least there's evidence to prove it and it's not, you know There's not just me blowing smoke and saying well guys. I bought something at the bottom and 2013 and then sold it at the top I know I think so the one out of last cycle that did the best was was Cardano Yeah Because I had videos about it when it was like literally like two cents, you know less than two cents Even I think like I did a video on it, you know, basically during the The the the pandemic drop remember that. Yeah, yeah Yeah, yeah, that was insane But the the key thing was it was holding support on its Bitcoin pair back then at 400 sats Which is what you know is one of one of the things that convinced me that it was it was gonna do well And that that's actually how you know oftentimes which all coins are going to do well It's which ones are kind of holding support on their Bitcoin pairs when Bitcoin crashes And so yeah, I think that's about when basically went from, you know, less than two cents to three dollars So I mean basically a hundred and fifty X In the span of about a year So I think that was the highest ROI that I I did last cycle There are some other ones that don't mean link Linked it pretty well, but I think that one from when I got in I mean I think maybe even done better than Ada if you got in at link if you got into link at the actual lows But I I didn't actually get into link until it was like a dollar and then and then I went to like fifty five dollars Hey, not bad. And then yeah, I mean so so I think that probably Cardano was the one that I made the most money on last cycle And would I take the risk again? So I do think that From one cycle to another I think naturally people become more risk averse and they just take on less and less risk Like that's why people who have been here forever just kind of focus on bitcoin because They take a step back and they're like all these alts bleeding in bitcoin over the long haul anyways um So but I I I think there's still a case for for bitcoin and with things like Cardano Um, what would make me want to take the risk on it again would be to see it Stop bleeding against bitcoin, you know, I think that is And and look there are some alt coins that are not bleeding against bitcoin, right? But that that's what I would say like if you if you get to the point where it seems like it It's not bleeding against bitcoin Um, and the bitcoin dominance is no longer in an uptrend Then I might I might be more interested, but I mean until that point I just can't help but feel that you know That that that bitcoin is not only a I feel like I just say the same thing every question I I feel like I I feel like, you know, not only is bitcoin safer But it's also been giving better returns than cardano over the last several years um Like and and that's that's just kind of want to go back to with all these alt coins So I I would say that like Of course, like I would be willing to take on the risk again for you know for for some of the projects, but I would like to I mean, I would really like to see them just You know, not just keep bleeding back to back to bitcoin and and eta Is not only hasn't been bleeding back to bitcoin, but it's also been bleeding back to eat, you know um someone mentioned earlier about the the cardano fees and and whatnot, but The reality is that it has it has been bleeding Do you want me? I mean I could show you if you guys want to see it, but um, I was gonna Seriously, I was gonna hear do this do this walk me. Can you walk me through this? Or here no, you already got it I was I want to yeah This chart here, so I I really look at at these things right like where it's um Like you know, basically, what is it? What is it doing over the long haul? So this is like the eight at e evaluation. Yeah And I mean basically what you'll notice is that and this is what I keep looking at. I'm like, all right. Well before I you know Is it is it gonna ever stop bleeding and that's kind of You know, does it does it just become a bleeder and unfortunately a lot of alt coins too? And it's not that I want it to be a bleeder or you know, I think it has to be it's just sort of like a You know sort of like an acknowledgement of like this is kind of the inevitable path that a lot of alt coins take Where they you know, they just basically keep on putting in New lows on not only their bitcoin pairs, but also their eith pairs um But that doesn't mean you can't make money on them. I mean if you look right here on a to eith That was april of 2019 when it hit that sort of that it rallied into that sort of that midline We just saw something kind of similar So, I mean, I I don't know if it's gonna like, you know come back down and and maybe sweep these lows again And then go up. I don't I really don't know but that I I think is For people who have been in crypto for you know more than one cycle I I think that's what they look at they look at their bitcoin valuations of alt coins They look at the eith valuation of the alt coin and they say Is it bleeding or is it not and if it's bleeding I think they're less likely to take on the risk if it's not and they might be more likely to take on the risk So that's what I would look for to to sort of you know to answer the question when I take on the risk of of those Alt coins again in the future. I think the answer is, you know, like if if bitcoin dominance is no longer in an uptrend and And the alt bitcoin pair is no longer in a downtrend then the answer would be us Oh, gotcha. That's not that makes sense Jess Same thing what we're looking at here. What's the biggest the biggest ROI investments back in the day? So let's just walk through the market cycles guys So I looking back iota for 2017 for me was probably going to find stronger Stronger plays. I think I got in around 20 cents in may or june Um, and then exited around four dollars. Um, there was a lot of hype around iota So I think at the time in 2017 it was the eighth largest market Crypto by market cap a three billion dollar market capitalization There was a lot of news about integrations with the likes of volkswagen iot was a huge Narrative in 2017 So that was definitely something that I thought okay, like if we're talking about mainstream media picking and running with some crypto narratives That's always been my mindset and mantra for picking tokens to invest in because Just to clarify. I don't day trade. I don't trade leverage I am probably one of the most boring crypto investors. That's on youtube that there is But slow as steady wins the race and Then 2021 actually I was not really actively trading. I had a very boring bitcoin focused portfolio I think similar to what ben said that I was kind of maybe scarred from a little bit of riding the ways and trying to day trade to catch up some gains in 2018 when the market was absolutely tanking lost a lot if not most of my profits So 2021 I was a lot more of a play it safe You have some goals and objectives and and focus on that And then this market cycle Solana has probably been a pretty decent play for me Um, I got into Solana I accumulated quite a bit of Solana in early october of this year last year. Sorry And there was a few reasons for it. I think one going back to the iota narrative was if it's getting picked up by Normal media mainstream media. There were some integrations by the likes of visa that we saw there was quite a lot of um There was more inflows when it comes to tvl I think there was 24 months of inflows and then there was only five months of outflows So it was seen as a really popular outcoin in 2023 despite the bleeding that we just see across the markets And also the ftx fud that was coming out I had an interview with rile pal who said that he was very bullish on solana And looking at the price at 20 dollars compared to the all-time highs of kind of mid 200s I thought that was an interesting one to play Um, but it wasn't my intention to hold sol for as long as I did I also saw that there was um the breakpoint conference in november That was being held in amsterdam and I I personally love crypto conferences for where Tokens and projects will release some alpha. They will ultimately announce partnerships They will hype up the team in the community devs will co and conduct hackathons So that's where I actually quite enjoy to Look at anticipations for these kind of events as something that could be a positive market catalyst And it just I mean anyone that was holding solana during breakpoint Will know that kind of exceeded everyone's expectations when it comes to the price movements there So that was some of the the main reasons why I looked at solana for for last year There yeah, not a bad play for both of you guys. I mean look cardano and chain link and solana Those I mean those are like winners, but we didn't realize what they were until right now. So very nice All right I'll just quickly just take this one as far as like some degen plays because on this channel I don't really talk too much about the degen. There's a second channel for that. It's called dan degen We're either going to make I actually either going to lose everything or make some pretty good games one of those two things will happen And it's never in the middle. So I've actually got a sheet. There's a link in the description And it's called my five percent degen plays when I talk about this I'm only putting five percent of my portfolio. I'm not yoloing into it not selling my kidneys not going crazy This is what I've done so far I mean going all the way back to And the one that did the best was ginsokishi, which was a game that was huge on PlayStation and also nintendo and android and the app store And it was uh, mostly southeast asia japan based and they wanted to do a web three They're one of like one of the first first games out there and I said, okay So I invested in this one I got it at Point zero one like a penny and a half and I went up to a dollar 62 which is pretty good Now did rob sell the top? No because rob cannot do that He is it's impossible to do But we did pretty good and then fame would have been my second best one where I got in at like a penny And I went up to 47 cents. So great everybody's happy But I want you to take your attention to what the the price is today Gensokishi went to a dollar 62. You know what is today? It's like four cents So if you want to do that and go up and do the return trip great fame MMA used to be a penny when I got it now. It's point zero zero zero nine So just be careful about what you get into because these things will go up like crazy and they'll you know They might crash because I mean utility and hype and speculation just like what uh, Jessica talked about and then also if you're interested everybody I just did a uh, a deep dive into a new project on dan d gen It's called minutes if you're in the world mobile token check that out links in the description and go from there so Let's get into the q&a ben's not feeling great So we'll keep this kind of brief and then we'll get out of here. So Again can finally ben can finally get some some rest. Ah, how about this one? Arbitrum is bleeding following decision to release Is this right 2.3 billion of frozen tokens on is that today? that's sunday saturday 16th of march Uh, what do you think for the next coming days? That'd be a jessica question Yeah, so 2.2 billion dollars worth. I think it's um So I write somewhere it's almost double the arc circulating current supply I saw a tweet somewhere just to give you the kind of the understanding of the sheer size of this token unlock um And someone had also said I read a blog post saying that this was a year's worth of token unlocks almost condensed into A kind of a monthly consistency. So this is something that I think a lot of people that are holding I personally hold hold arbitram in my portfolio. This is definitely a kind of a wait and see approach um And it's possible that the the massive returns that the early investors have experienced with arbitram Could cause some sell pressure if they do decide to to sell um But then you kind of got a way up based on what we spoke about earlier with dencune upgrade If the longer term play here holding arbitram as a layer 2 that is now much cheaper because of the dencune upgrade If that is going to make it a more scalable solution for people to build on And the network that's going to continue to grow in the short term So I say if you're actively trading and moving around keep a close eye I don't plan to really re reallocate or or watch too closely the next kind of few Few weeks impact that this could have what about you could you also hold arbitram rob? I do I hold it I had this question before and people say should I sell it because they're going to dump it And I'm like well if you believe in the project Like I think layer 2 is going to do pretty well and arbitram is doing pretty great They've got a couple of great games and then they're actually opening up for this type of uh, it's called Uh Not casino Arcade like ethereum arcade or arbitram arcade for a different a bunch of different games just like how you'd see on like the apple store So i'm like well, I think it's gonna do well I don't really like to move things around too much because then things get confusing If you still believe in it and dips and you like and people are dumping Maybe it's a good idea to re accumulate not financial advice, but that's what we're going for All right. How about this one question for ben? That's a good one if everything plays out like like he says When when bitcoin down on its tops what else would he look for that would be? Oh, well first of all things never play out like I say That's a big if um, I I mean I I would I wouldn't have any real strong Bias towards one or the other I would just see like hey, which ones are are doing well against bitcoin That's probably what I would look at. Um I I think I again I It's important to never to never marry an altcoin like oh, yeah, no matter how You know no matter how much you like it whatever I mean even rob was showing You know some of the coins earlier right like some of them do well for a while and then you just they just never recover so Don't ever marry an altcoin. Um, they will take more than half in the divorce. I promise you that Look to see which ones are are doing well against the blue chips and that I think is um Is is What I would what I would ultimately look for and again like there there are some already that are doing that I I think that I think that I have sort of a wall up against those You know just being being honest Because I I my conviction in in in sort of bitcoin Market cap or market share going higher Kind of keeps me away from from everything else because I just think it's a lot less risk and at this point I don't like taking on a lot of risk. I think bitcoin. It's funny because in crypto They're like, oh, well, you know, if you're only willing to hold bitcoin, you're super risk-averse But basically throughout throughout the entire rest of the world, you know Being in bitcoin would be would be seen as being super risky Um Yeah, but it's just sort of in this like in this small little world world It's seen as being really risk-averse. I would just look to see which ones are holding their lows against bitcoin like last cycle It was like you you could see that like link bitcoin was doing well You could see the aida bitcoin was doing well last cycle and and those the ones that ended up doing well on their usd pairs You know about a year later or so. So I would just look to to um to the bitcoin pairs Hey, just to follow up real quick How far back do you look for these bitcoin pairs for like bleeding against bitcoin? Are you looking for six months a year two years? You just kind of play it by year Yeah, I mean even even just a few months really really Yeah, like I think if it even if it's just a few months and it's holding it Especially if bitcoin's dropping if bitcoin's dropping and they're holding your lows. That's an even better sign Um, at least that was like a better sign last cycle. So yeah, I mean like I think there are some coins that have already done that But again, the reason why I'm I'm still closed off to them is because I think I've become a dinosaur for one Um, but second of all, it's basically because like I I still think dominance of bitcoin's going higher And I just don't really you know, I don't but if we were if we if we reached a point where I thought You know dominance was going to start a macro downtrend Then then you start to you know to get to the point where you think like, all right Well, maybe some of these alt coins could durably outperform bitcoin for say like 12 months or something Or at least more than 20 of them, right? Or you go to the a point where like 90 of them are outperforming bitcoin for a period of time But I don't think we're I don't think we're at that point I think we're still in the phase where where bitcoin is is going to keep on taking market share for for a while Gotcha. Jessica same thing Different alts. I know what actually what kind of alt are you looking at right now? I know one of them Okay, so at the moment I have kind of and if anyone doesn't want to check the full portfolio with the percentage breakdown holdings You can check out the coin bureau club. Um, so as I've mentioned ethereum, uh, salana Sui is one that I'm watching right now as a layer one, which I think is quite interesting We had a AMA with one of the co-founders a lot of the team is based from meta So they have quite a bit of experience when it comes to large scaling solutions And it just seems like a pretty interesting fast layer one that could be one to watch It's not seen that much upside potential compared to the other layer ones that have just blasted it so far this year And also they have an upcoming Conference called base camp in april in paris on the back of paris blockchain week And they have a pretty stellar lineup. They have a sea level some binance attending They have 816z as a representative. Bellagio is set to speak there. So I like to look at conferences and events as a sentiment of an ecosystem when it comes to possible announcements or things that are going to kind of pick up Pick up the news. I'm also holding some pith as well, which is kind of on salana. Oh, yeah Yes, pith has done quite well recently. We have a full review and deep dive on the coin bureau club And off the top of my head that is about it But i'm sure there are some other ones that will creep up in there But I think as ben mentioned, it's a really good point is that it has you have to make a note when you are Reaping the gains of some of the out points to make sure that you can rotate because if you look at for example I mentioned iota as a 2017 gainer that is a five dollars and since then it's now around 50 cents And it's not going to have the same. Oh, it will hit it's all-time high and breach past it the same way bitcoin does That that isn't the same narrative across out coins You can have something that's a topped an out coin in one bull market The next bull market is completely redundant and it's just going to be obsolete So I think it's really important to kind of rest recoup recalibrate And if you do want to stay allocated or leveraged into crypto Then bitcoin is or stables as your kind of port of choice But don't expect that out coins are going to hold the same Kind of fierce resilience that the btc does Rob, will you show my screen for a second? Absolutely. These are these are bitcoin dominance monthly haikanashi candles since late 2022 Right, it's never gone down. You know, I mean, there's not a single red candle here since december of 2022. So Yes, like some hot coins are doing well against bitcoin But I mean bitcoin has been gaining market share And it was the lowest was cryptocurrency for the last, you know, I mean forever But that this is this is kind of the reason why I think that I mean Show me a red candle, right? Show me a red candle and then maybe I'll start to To think that it that it might be over but I mean at this point how You know when you sort of these trends, they're they're just so easy to ride once they get started, you know And I you know as far as the altcoin market goes Show me a red candle on these bitcoin dominance like, you know, this monthly haikanashi stuff in the nari Maybe it's maybe the dominance trend is over but it it literally hasn't even shown a single red candle since late 2022 You know, it makes me think like I'm glad that's why I like this show because like some of the like my My perceptions of what I'm going to do It's it gets molded a little bit each time that we talk about these things because like I think I'm like, okay I make a bunch of money into alts. I can cash out I can do the other thing I can put it into stables. I can put it into cash And then like there's an easier thing we could just do is like maybe put take a percentage just go Okay, it's gonna go right back into bitcoin. We know at some point it's not gonna go forever It's going to like go down just like I mean Jessica talked about iota. I remember I actually purchased iota I actually had it and I wrote it up for like like a 5x. I thought I was a genius Of course, I dropped it way before the five dollar mark But if I could have just put that into And and we see this actually about other people who've gotten into different like bitcoin and stuff They've they've been regretting it for quite some time like man if I just would have held on to it imagine if we would have held on to bitcoin at I don't know 15,000 5,000 3,000 in march of 2020. I'm just saying it's just interesting That as time goes on people more and more like they start to regret the decisions of not financial advice I'm just kind of speaking out loud anyhow All right a couple last ones here Um from nick tell me this last site went from 3k to 69k, which is pretty amazing It's like a 23x without any institutions question Will we go the same or even higher and it's like can we I don't think we can go at 20x that seems kind of I'm not the price prediction guy. I don't have anybody wants to take this I mean, I think price predictions are relatively useless, but I I do think that Um, I mean my my guess is we experience still some form of diminishing returns I think like last cycle when I said that people always got mad, but you know You can like crypto goes up so much in bull markets that even diminishing returns is still vastly outperforming the stock market You know, um, and maybe not in video, right? I mean, I think there's I mean even bitcoin has been bleeding to in video for the last like Which is not a popular view to have but it's true, right? It has been bleeding to it over the last couple years So, um, but no, I would say you're probably going to see some form of diminishing returns Um, I think last cycle, you know, so two cycles ago bitcoin went up 100x when it went from like $200 20k And that was why last cycle people were calling for 300k because they were like, well, just as 100x again It's going to go to 300k And so a lot of people were just kind of waiting for 300k that never actually came So I could see people making the same mistake of like assuming that it has to go up 20x When maybe it's just diminishing returns again, we'll probably deviate from diminishing returns at some point But I mean when the returns are still, you know, double digits It seems like you're you're likely going to have diminishing returns, but at some point we'll likely go on a different path Gotcha, Jessica. What do you think? I mean because you guys I mean you guys do a ton of research That's why I'm glad I I get I get in the club to get all the information But you guys I mean, what are what are people talking around the office because you got some money, you know, brain acts over there I think the key takeaway and the important thing that we're really kind of reminding ourselves each year is Is this year different and how and that's what you should be asking yourself every year in every market cycle And this year we do have the spot Bitcoin ETFs, which is a huge play And I know everyone is sick of hearing we talk about it and the amount of influence that we're seeing The fact that van X slash thefties to 0% because they want a piece of the pie These are seen as some of the most successful ETF launches of all time Everyone has Thoroughly had their expectations exceeded with the amount of inflows and volumes that we've seen Not only just the success and the interest of these spot Bitcoin ETFs, but also what happens next So typically when you have people that are investing in a crypto market They will make some money in bitcoin bitcoin might be one of the first ones Or you know something a little bit crazy like a little meme coin that can get a little bit of market sentiment And then you'll look to reallocate and rotate into outcoins But with the spot if the spot Bitcoin ETFs is you will not get these investors then rotating into outcoins So it's going to be a really different strategy of investors there For them big spot Bitcoin ETF was their risk play It's very unlikely that they're then going to take these profits and then move their money on chain into crypto And start moving around so I think the conversion in the market cycle of The bitcoin rally and then the outcoin rally is going to look a little bit different this time around because you've got Two separate fields and what we're likely what we're expecting to see is that you will get the people that have leveraged and gained from the Height of the spot bitcoin ETF people that have made money in crypto on bitcoin They'll be rotating into outs, but the spot ethereum ETF issue and people that have bought up They're not going to be rotating So it is going to be a different play of how the markets are going to look and how people are Reallocating their funds and that's something where we're pretty excited to see See play out. I'm not I'm I don't give price predictions. I always jinx it each time So I say it's going to go up. It'll likely go down and vice versa. So just touch wood But I think it's going to be it's going to be it's going to be different this time see it's a Good very well said and you know what I think that's good for not just of course for us for bitcoin holders But it's also good for bitcoin dominance. I think there's been has talked about this a couple of times this channel And if that holds true, which makes a lot of sense because I'm not going to rotate out Who's like, why would I do that? This is the riskiest play I can because I was in You know, I was just doing t-bills and bonds a couple of years ago and now I'm doing this crazy stuff I'm not going into dog with hat. That's insane So if that works out great now, let's uh, let's be the last one. Oh ben you got something Well, I was gonna say I mean, I think jessica's right, but also there's another reason why and again The 2019 rally, you know, we saw bitcoin go up well over 300 percent And when bitcoin topped the altcoin market topped there was not a rotation And that was it was doing quantitative tightening and it was during high interest rates So I think that only complements, you know, sort of the theory that jessica presented Is that you know, that doesn't mean that alts can't go up while bitcoin goes up They are right you can look at market and see that they are it's just that You might not have that typical rotation from bitcoin into altcoins Whenever bitcoin does hit a top Because of the spy dcf stuff which jessica mentioned but also just because of of where monetary policy is because again We had the same type of monetary policy five years ago and there was no rotation. All right But I think the counterpoint to all that as well bitcoin hit a new high Which didn't happen in 2019. So it's not like it's it's not it's not like it's clear cut But I do think there is a case that that bitcoin dominance is going higher It's looking like that man. It's looking like that last question last question And I like this one. Do you guys ever tune into contrarian crypto content or just other like traditional finance content? crypto critics corner or Our bitcoin Anybody take a look at contrarian views Yeah, I mean all the time Um, I think it's a good idea to just don't live in an echo chamber, right? And again, like I mean, I think most I mean any contrarian view on bitcoin over the last 10 years has been wrong You know, I mean if bitcoin just keeps on putting a new high It's like any contrarian view has been wrong but I I think it's a good reminder that you know, there are other views and and It's important to at least just not live in an echo chamber, right? And that kind of goes with like even watching people that have that are pro-crypto, but have different views within crypto Um, I think it's always a great idea to not live in an echo chamber if you can And then sort of like, you know, take something that this person said take something that that person said take something that person said And form your own view of what you think's going to happen Because reality is is no one's going to be 100 correct. So I think it's a good idea to take stuff from from everywhere Got it. Yeah, I got I agree. Jessica. What do you think? Absolutely. I think it's very important. Although we do have a complete alpha brains here that are researching 24 7 crypto You can't keep your eye on everything. It is impossible. So there's a few podcasts. I like for conversations I think the bankless guys are amazing. They recently had an episode out with nick Carter on bitcoin wars and what this means for The future of ordinals. That's really fascinating. I think peter mccormack has an interesting crypto podcast as well What bitcoin did um, and then if you're looking to dive into specific Ecosystems. So for example, if you're like, okay, I want to focus and level up my knowledge on cosmos When coin bureau had crypto sito come into the studios last week I just to meet some of the team and I think his crypto cosmos content when it comes to Some of the things with the ecosystem It's really helpful to break down and for people to to help uncover because It's there's so much going on 24 7 that you just you don't want to miss a trick But it's nice to have these things to listen to while you're checking emails catching up So I think it's important to keep your eyes on what other people are listening to And I think it also helps with the content that we make that I'll look through the comments I'll look for the comments of these videos and ask what retailer asking what kind of things Like it's great that we're doing the q&a now. What kind of things are peaking curiosity of people too I gotta agree I'm my personal favorite is people who who really hate bitcoin and talk negatively about it and just don't I don't I don't think they sound they don't understand it But I think it's just because it behooves them to do those things because they're invested in something else And there was a great interview or a debate on impact theory It was with ralpal and some gold bug and they were talking they were going around around So it was like a three hour interview And it's just great because I like to listen to those things because those are the same things that people that are in our Industry and also people just regular people watch the video right now like you watching You're gonna get those questions So I like to see those to kind of off-stay and kind of be ahead of people when they ask me like Hey, what about this and what about value and what about, you know, how does this actually work? And having this doesn't make any sense And I get that from those types of interviews even though it infuriates me I still listen to them because there's gonna be good questions there Well, one other thing too is sorry jessica. Did you have something? Yeah, jess. What do you got you go ahead? I was just gonna say would you interview or debate peter schiff if you had the chance I don't know who that is But uh, yeah, sure. I would if he's like a gold bug before we go on I got to tell you one thing about that it infuriates me is that is that this we can't give financial advice Right, we can't say that on on the show But you got like the jim kramers giving the worst advice that you can possibly give and then also the same people going You know what? We want you to stay away from the hardest best asset and the highest performing asset here and get into something like A gold. I don't have I don't care if you get into gold and silver. I do myself But you have lost people so much money over this time It's just amazing to me that and I know the reason why you do it It's because you have so much into this specific asset and you're negatively impacting this sector It pisses me off when it happens like that anyhow, that's it. I have two things one is um I do you guys know uh, neil degrasse tyson. Yes. Yeah, so I recently went to one of his talks um That's what I do in my free time I guess but um I went to when I talked to give like a like a lecture on stuff and one of the things he mentioned was there was like this um, this like, you know, this like asteroid or something that had uh Or I can't remember what it was But oh no, it was like when when when there's some type of like, you know, big explosion by one of these stars Something like it forms I think it was like 25 non-tillion Basically like as a gold or I don't know exactly what it was But the idea was he pulled up the price of gold onto the screen and he's like, you know What happened if people brought that amount of gold to earth the price of gold would go to zero I yeah, I did see that I saw it but I I think that um I think the counterpoint to all the stuff that the the sort of the the people that are negative on bitcoin long term Um, I think one cool thing though about that is that like if you follow enough people You'll see them kind of like almost Slowly change their mind, you know Um, I think that's pretty cool when you like follow someone long enough like they'll start off as like super anti bitcoin And then like they'll slowly come around to it And then that because I think there's there's some reality that like all of us were skeptical at some point in the in the past You know, I don't think it's like I don't think anyone just wakes up one day Without knowing what anything is and then just saying like that's going to be the next best thing They have to think about it for a while you have to probably monitor the price for a while and Um, and and see the adoption take place I think it's kind of a cool thing. Um, and I guess, you know, the more people that are out there that are Sort of anti bitcoin just means we all have more work to do um to sort of Hopefully hopefully have them see the uh, you know why it it it has such a or at least why we think it has such a Bright future so yeah more work to do Jessica last comments before we get out of here our final comment actually is just a little kind of word of recommendation for anyone we do have a AMA on Sunday on coin bureau discord with the co-founders of singularity net so if people are Looking at ai tokens or looking to understand a little bit more or dive into the the what and the why of ai tokens Singularity net was I think they broke a record in 2017 for having their ico Sell out within 30 seconds raising 36 million dollars, so they really still attest to time they have some good market movements And the nvidia conference is on monday of next week So for anyone that is watching ai tokens near protocols co-founder ilia is speaking there So if anyone wants to know a little bit more about ai tokens before the Conference on monday do make sure to join i am hosting it and taking questions It's sunday at 4 p.m. CT would love to see some of you guys there Jessica for that for discord can they find that in all the different uh youtube channels that you guys have Okay, absolutely. Yeah in the description or on the website as well perfect So everybody's got that so you guys can follow jessica coin bureau You can follow ben and in the cryptiverse that's it for today. So everybody again guys. Thanks for being here I appreciate you guys like today's video give a thumbs up consider subscribing I'm going to talk about is time sensitive, but that's it for today. Let ben get some rest and we'll out of here So thanks so much guys and we'll see you next week. I believe it's on coin bureaus channel coin bureaus channel Yes