 So dollar cost averaging is something that we talk about on this channel on this show quite a bit And I've been showing you some pretty good sides of dollar cost averaging and just how fantastic it is But I did a pretty poor job of showing you the downside So today we're gonna take a look at that and what we're gonna do is we're going to take an amount of funds and What we're going to do is we're going to put this on a Google spreadsheet So everybody can see it and as time goes on we're gonna see how this actually grows in this disgusting bear market And before we get into all that fun stuff. I just have to make two announcements first of all I know that some of you not in the live stream But it's some of you that are watching this video on the replay will say you Always come on dollar cost averaging and I say the dark side and what's going on and unsubscribe you can do that But just know that you have to watch the video first you really have to get into it to understand You could be a thumbnail warrior, but it's not gonna do too well And then secondly, I am feeling a little bit under the weather just got back from Korean blockchain week and The stories I could tell you guys about market makers and venture capitalists and what's going on behind the scenes Disgusting, but I won't because I don't want to get sued. I don't want to have any problems Just move forward from that. So today I'm feeling a little bit under the weather. So forgive me if I have a little bits of Low energy, but so we'll see how it goes So first of all when we were talking about dollar cost averaging there was this video a couple days ago I don't actually know I'm sorry four or five days ago And I talked about what I would do if I could invest a thousand ten thousand dollars and for the average person This is a really junk type of things. A lot of people don't have that They don't have a thousand ten dollars just sitting around. So in that video what I did was I took a look at what would it be if I Invested five dollars a week or ten dollars a week. There's a link in the description You can see how well it goes. The thing was is I took a look moving forward from 2019 September 1st which would correspond to our four-year cycles. So of course it was glamorous and everybody was happy and it was awesome and There's some downside to it, but I before we get into it I just want to let you know that remember this when you dollar cost average, you are dropping your cost basis Below the average price at least that's what you're trying to do now. There's some cryptos that will not come back a dash of salt Like I would like to say dash. I think it's gonna happen salt Was all-time highs of hundreds of dollars and the crash and you're not gonna get your money back That's just how it is. You have to understand somebody's gonna be losers because this is the market that we are in so with this one what I wanted to do is Before I get into this part here, let's just let's just go back. Let's just do a quick recap. Shall we and just go back to The nice days if I went to 2019 January 1st and I invested ten bucks a week That's it ten bucks a week. I have some people have it some people don't that's just the truth and I think most you do if you take a look at Bitcoin a theorem cardano dogecoin so why not dotmatic We're gonna talk about that later Chainlink cosmos near and I'll go and this was the video last time you can see that as we do it I mean if you went all the way back then and We're dollar-cost averaging for two-plus years You Would have had 238 thousand dollars three hundred four in doge doge. That's right Matic fifty eight thousand and you might ask yourself. Well, how much is ten dollars a week Rob? Well, that is two thousand four hundred forty dollars and Thankfully Ben has it right there for me On his website so it makes things easy, but just just so you know that that's ten bucks a week not split between everything That's ten bucks a week in doge ten bucks a week in Matic ten bucks We can link Ada there in Solana and the next question is probably like well I don't have twelve hundred bucks to put into twelve different investments per week. I got you Maybe you put it into two or maybe three. It's up to you I'm not a financial advisor. I'm not your dad. Of course you do whatever you want to So what I want to do is just back this up because this looks pretty sweet pretty nice everybody's happy I look even even over here in 2023 you still have ninety thousand dollars worth of Matic and you would invest the twenty four hundred Doge thirty six that doge if you had a lump summed it's not by some miracle You have twenty five hundred bucks. You would have fifteen thousand in Bitcoin aetherium so on and so forth and interesting enough You have an underwater with avalanche. I'll go near and dot keep that in mind So let's move forward because this is what we're gonna try to do. I Am going to go to this part here Because 2021 was great. Remember 2021. Ah, man. It was sweet Everybody was a genius you could do no wrong Nobody was gonna collapse that wouldn't happen and 2021 everything was good and then we move forward and then everything just collapsed and You can just see here that if we would have picked at the wrong time. It doesn't matter if you lump sum If you lump sum, let's say ten bucks a week. That's eight hundred eighty dollars from 2022 today, that's eight or any bucks lump summed you would have been up pretty well until about September Hopefully right now and you'd be underwater and then back and forth and back and forth as a matter of fact if you'd invested in This junk bear market, which I have personally been doing You would actually be underwater for most as a matter of fact The only thing that you'd be up right now The only thing is Bitcoin and dollar-cost everything not even a lump sum lump sum you're halfway down. You're at forty nine dollars Adam dot a dramatic sold doge link if they're you're all down Well, that's pretty awful Rob. It is pretty awful, but that's just it And that's why I named this video a specific title Which is this is the dark side of dollar-cost everything see a lot of people will just show you the other put the other piece And I did a poor job of not putting this in and I have to rectify that quickly So you understand that of course I think most of us if you're here, it's okay But just so you know, we're gonna it's going to be pretty junk for a while And you have to understand if you're looking at the macro environments and what potentially is happening with FTX and This potential dump of Solana don't start shouting off in the comments. I'll get to it in a second But what I want to show everybody is this because I showed you the good part We're gonna do this every week So every week I'm gonna put a separate fund aside and we're gonna put 10 bucks into Bitcoin per week Ethereum Solana Cosmos Arbitra I'm gonna it's 1200 bucks a week My math is right Something like that one two three four five six seven eight nine ten eleven twelve excuse me not twelve hundred hundred twenty 120 bucks a week That's not bad 120 bucks a week I can I can do that on a separate account and what we're gonna do is we're gonna we're gonna track this and every Sunday We're just gonna take a peek at this real quick and we're gonna do two things how much it's down we're gonna use Ben's DCA tool and also we're gonna take it off the exchanges because if you notice underneath my gigantic head There's some rules. It's all gone. Don't invest more. You can afford to lose hundred percent of scams Everything's a scam even Vitalik buterans Twitter account now is a scam. We'll talk about that in a second Don't leave any on exchanges I think we learned our lesson with Voyager and Celsius and BlockFi and FTX and so on and so forth Don't use leverage if you want to use 2x, I mean have fun You got to live right and then take profits along the way. I think that's the big important thing So we'll do this every week and I'll show how things were going if everything repeats itself Like we did back in 2000 let's just pick 2020 when we hit the bull market whenever that is and we look at some indicators Again, there's a link in the description of the indicators I'm using to sell 80% of my crypto will still do pretty good and we'll see how it works again This is $10 per week and all these different ones. We'll see so now what you think about that in the comment section And then also I'd like to request something from everybody if you would be so kind This tool that I'm using is free It's on Ben's site. There's a link in the description like everything else The light plan is free. You get a longer than regression weekly newsletter from Ben nice dollar-cost averaging Now if you want to go if you want to roll up There's a sale going on right now, but you may not need that I just want you to use the DCA tool and put in your specific crypto because you can there's a ton of men here and You can just see how things are gone historically That's the big thing and then also if you want to upgrade to get stuff like exit strategies and time of wristband All that good stuff. So let me think about that in the comment section and then talking about Solana So this one's a good one and it's false so This is from crypto rover And I get it like when I saw this I just asked the questions and in Twitter. I'm like, is this true? Is this what's going on? So apparently FTX is expected to receive approval to liquidate the following assets on September 13th today It is the 10th. So you're looking at by Wednesday. They could liquidate. However, there's two things to note here They had 3.5 billion worth of crypto in April and The plan is to sell up to 200 million worth of crypto every week and there's a lot. There's a lot of mixed crypto They're looking at 1.2 billion over here 245 million XRP ton coin. All right Matic doge aptos. Sure. Ethereum Bitcoin FTT and Solana is the biggest bag So when I just have been perusing through Twitter, I'm like, what is this going to happen? Apparently not but it doesn't stop everybody from dumping. So The one that took the biggest hit today Is Solana. It's almost down 7% in 24 hours 6.8 for the week And that is because of what is happening here. However There's a pretty smart person in the comments Marty party and you can find him I put a link in the description as well That's a bummer I think you deleted it anyhow pretty much what he said was already party was like was saying no as a matter of fact As things go forward. This is not the total amount that's actually going to be Dipped into there are many different factors, but it's not going to be that much and even though and if we take a look at it Let's say 200 million so The market 24 hour volume of just bitcoin alone is 5 billion Ethereum is 5.2 11 billion 11 billion 311 million so on and so forth So yeah, we did have something but apparently that is not what it is looks like it was deleted But that's what we have so nobody fret. However Even though that's not going to happen just be aware that the foot is out there and uh, the narrative sometimes plays out And you're going to see Solana probably drop some more, but I could be wrong. It's already down 0.1 So that's it for that and then lastly Before we get into a little q&a Uh, I don't know how the heck this happened, but Vitalik's Twitter account was hacked And I doesn't I gotta tell you it doesn't say too much positivity for Vitalik and uh, you know Trying to secure his account with two factor authentication. There's two times a two factor indication There's one with a text message which of course it goes through your it's The service this one be an x will send you a code Oh on your messages and you put that code in well somebody does a sim swap. It's very easy for them to just go Yeah, I lost access to this. Can you? Give me back access sent into my cell phone sure and then off it goes That's all swim swaps and apparently that's what happened to Vitalik me personally You've probably viewed do better with a google authenticator. That's what I have on mine and uh Just take a search for a google authenticator. I'm sure I did a video on it somewhere anyhow, so This is what happened looks like there's 700,000 that was drained. This was 19 hours ago I don't know how much it is now probably over a million And that is a big problem. So if you're on twitter if you're on well, of course youtube is One of the bigger scammers out there. Just know that Vitalik's uh account has been Forted and don't creep any don't don't creep anything don't click anything and then lastly there was a comment here from rob vgx rob And uh, he took a big hit with voyager as we all have i'm still waiting for Or five to six figures, but uh, let's see how that works out. We got 35 percent better than celsius. That's for sure And I said, uh, he says being a scam on a crypto seems to be the only way to come out ahead I said george foreman grill guy. Yeah And he said what about him if you haven't done this already there's this great show on netflix since i've been sick i've been watching some some videos and This one's great george foreman trusted and tell me if this isn't a crypto narrative george foreman trusted somebody with essentially his keys with his bank account and he put it into what was called rock solid stocks And over the years it just eroded because he was in super risky Stocks and he lost all of george foreman's money And george foreman was like well, I get two options I can let that defeat me and go off into poverty and cry myself to sleep or I can come back do the things i'm I know how to do and the new things I need to learn like selling and being on tv and sign that ridiculous grill And fighting at like 40 years old 38 for 45 years old So it's just a narrative that I know people have lost. I've lost. I've lost in celsius. I've lost in voyager boo who Sucks, but you get two options. You can't change the event. The only thing you can change is your reaction to the event And that's it for today. So let me know if you think about that the comments, but that concludes for the news