 Great. Welcome to Digital Asset News. My name is Rob, and I want to make this quick because it's Sunday and we really shouldn't be looking too much at our phones and our computers anyhow. So we're going to talk about a couple of things and get out of here as fast as possible. So the first thing I want to talk about is the bigger picture. I want to talk about markets and some important dates that are coming up and also I want to talk about stepping away. Next we're going to talk about let's grow up because we're not children. Also I'm going to talk about Twitter sucks but unfortunately sometimes it is necessary. Last we're going to talk about start walking and the very end we'll do a quick Q&A so I can answer any questions that you might have. So without further ado let's jump into it. So first up I want to talk to you about the big picture and we saw yesterday there was a quite a reduction in the value of our crypto market. We saw Bitcoin go down to 17.6, 17.4, somewhere around there from over 20,000 and it happened very quickly and then it rebounded even quicker it seems like. So if you're a trader this is like the best time for you guys. Congratulations, this is the volatility that you really wanted. But there's some problems on the horizon and this seems to happen every time there is these huge enormous dips and I need to talk to you today about some things. Then we'll get into why even though these are these are big issues why in the future it's not such a big deal you just have to step away for a second and take a look at things. So the first thing I want to talk to you about is this. We know what the market is you know what the price of Bitcoin is I'm not going to show you because you check your portfolio too much let's be honest. This was an email and it's one of many that I'm getting more and more and more. I'm getting emails and DMs and I understand and I get it but I need you to understand the mentality and the market of where things are going and it doesn't look so great right now it looks honestly a little bit bleak but in the long run that's why we're here. So this was from a gentleman by the name of Damien and Damien says let me blow this up so you can see it a little better. Yeah that sounds like that was pretty good. Hey Rob I'm French so please bear with my English. First of all this guy's English is fantastic. If I had to write this in French it'd be awful. Also I'm in such turmoil I don't feel like writing fantasies. Allow myself to introduce myself. I'm 46 years old so a little younger than me. I'm not a man of means and I've struggled all my life with poor wages financial difficulties and health problems at my age I'm still not a homeowner. Welcome to the club as a lot of people don't know I'm homeless right now. Given my situation I thought I had to try and do something to make things better for myself. Given my situation I had to try and make something better for myself and this is the problem I think people rush into things especially with crypto and they get ahead of themselves and it's the exact opposite of what we talk here and one of the problems is that they're the different moonboys and things that are out there. So this is an issue. I invested my savings around 45,000 euros that's a lot in Celsius. It was advertised by several YouTubers that I follow and after researching at my own small level they seem to have good reviews. True plus they promised they would never prevent their customers from withdrawing their assets. Let me say that again they promised they would never prevent their customers from withdrawing assets. CEOs they were not into risky stuff looks like they were. My investment was mainly bitcoins and some other stuff. I also invested 10,000 euros in other exchanges because of market manipulations and all the dirty little games these people are playing this amount has been going down every day and I don't know what will be left if any. It might sound childish but I've always tried to be good to people be fair and help those in need around me. This kind of behavior really makes me mad. I'm angry with the rich, the elite and insiders who play with the money of modest people and they don't care about others. When I see Celsius proudly announcing that the user will keep earning rewards interests how ridiculous that clearly tells you how insignificant you are to them. Anyways I found myself in a desperate situation. I'm French living in France I don't have any means of action. I'm losing hope. I'm seriously considered taking my life because I don't know how I'm going to get through this. I know you're busy so I will not go to the point is there any hope for us to get back our money. Just watch your video and we talked about the things that were going on with people taking out too much and unlocks all my cryptos are down a lot so I thought to myself as long as I don't sell them it's an unrealized loss. What do you think I should do sell them should I go to Bitcoin something else so on and so forth. So here's a thing these types of emails and DMs are coming a lot more so than what they were. I have to remind everybody of this one simple thing and it's the same thing that I went through in 2017 2018. One Bitcoin is worth one Bitcoin. One Ethereum is still worth one Ethereum. One Cardano is still worth one Cardano. So when we take a look at these things what you have in these values even though it may be locked up somewhere you don't lose anything until you sell. Now it's different for those people who may have gotten in very early. Maybe you got in Cardano when it was a nickel and now you're way up even though it's like I don't know 50 cents or something like that. But as time goes on this is what happens with me. This is what's happened for the last 12 years with crypto. There's always these big dips in these resets and again I don't feel like I'm in the business of losing money and I think this is the same thing with Damian. He understands the fact that yes if he sells or if he doesn't sell it's an unrealized loss. So should he just stay the course into what he's getting into or buy Bitcoin or whatever else. And the bigger issue then of course is mental health. So let me just say this I can't tell you what to invest in obviously not a financial advisor but I can just tell you that for me when I went through this whole process it just took time. I knew that there were some big players getting into the game. This is in 2017. This wasn't we didn't have Nasdaq talking about it and Deli talking about it and the Michael Sailors and the big institutions and the Drucken-Millers and the Paul Tudor Jones and Black Rock and well JP Morgan at least. We didn't have any of that stuff. It was just a guess. I mean in all honesty I'm surprised that the government didn't squash it looking back. But now you have all these things coming into play. You've got the US government looking so hard at it that they put together a task force to figure out how essentially they're going to tax it. So if you take a look at all these things together and people talk about well who knows what will go. I can tell you one thing I am very sure of. I don't think it's going to go to zero. So the thing that you have to ask yourself is can I hang on? And that's the bigger thing. So to get to the big issue of when Damian here talks about self-harm if you have that feeling and thought you need to go talk to somebody right now. But I can tell you right I can tell you it's true as I've ever known anything that finances and the money that you make and the money that you have in your account should not equate to someone saying I'm going to just get out of here because I'm not I'll never get it back. First of all in this market you never know what exactly could happen and I've known many people unfortunately working in healthcare that they did do those things. And just remember that the people that you surround yourself they depend on you. And I've had a co-worker take her life and unfortunately she left behind three kids and unfortunately her husband a year after that developed cancer 18 months he had passed away. So now there's these three young kids and they have nobody to take care while they have their grandparents. So when you take a look at all these things just remember that there's people that depend on you and move forward. Do I think that this is going to be a forever thing? No it's just the same cycle or pinging itself over and over again and to get to the point of Celsius I will say this we did a story yesterday about the Celsius recovery plan and this is from Simon Dixon you know Simon Dixon he's when the OG is in the space and he's been a big investor into the small places like Kraken and Coinbase and the next and those types of things and there's a little snippet that we talked about and after I did that they reached out to me and said hey we should probably talk a little bit more about this. So I will have Simon on the show as he talks about the Celsius recovery plan also if you take a look at the on-chain data that a lot of the crypto and digital assets that is owned by Celsius hasn't really gone anywhere about 80 percent 70 80 percent is still there. So if you think to yourself well if it's still there and it's locked up did I lose anything it'll be an interesting say. So I will just my last thing I will say about this is when I get these messages this is a plea to Celsius and everybody else out there just tell us what I know you can't say everything because the lawyers and things like that but it would be good to put out a statement and not like we're working hard give us a little bit of information as to where things are going because this all this stuff that I keep getting it's unacceptable it just is. So that's what's going on in that piece and then of course moving forward the market quite a quite a recovery I must say Bitcoin 19,620 and this is the last 24 hours and yesterday like I said I don't know where things are going I don't but when I take a look at the market value the realized value which is over here at I gotta sign in it's always the way don't worry everybody I'm not going to give you my password for crypto quant. We take a look at the oh there I should just use this one the market value the realized value when I was taking a look at this yesterday I should have blown it up here this is the market value the realized value is the ratio of coins to its realized cap which indicates whether the price is overvalued or not historically values over 3.7 indicated price top values below one indicate a price bottom so if we see over here we are at a very low 0.89 and actually the last value is 0.83 so we are definitely below that but does that mean that that means that's the absolute bottom absolutely not if we take a look back into back even even to a couple years ago in March 2020 it was 0.96 which is not too bad actually and if we take a look over here in December 2018 it was 0.74 is that the lowest no it's not actually we take a look even back here in 2015 0.69 and then in 2012 because if really market value realized value you're looking at 0.46 so even though we're at 0.83 does that mean it can't drop farther can drop farther and that's the bigger thing it can drop farther and we have to be aware that that's what's going to happen the question is what do you want to do with that if you're in profit nobody ever went broke taking profits I will just say that and it really comes down to you and what you absolutely need so that just is that and then there's a couple of things also to remember is this I don't see us I don't see the narrative pushing ourselves up anytime soon here is the schedule for the Federal Reserve meeting they've got it slated at July 26 and 27 why is that important because that's when they start to or they continue to talk about raising rates which I think they will because the last CPI numbers came out and their bump of 0.5 didn't do too much so they said well let's just put it up to 0.75 basis points and go from there and the next CPI numbers are right be right before that it's actually in July 13th so we have July 13th the CPI numbers come out I don't think they're going to go down but I mean I hope I'm wrong and if they're not then in July 26 27 then of course they'll raise the rates again and if that happens just expect the market to go down now some people say well it's priced in sure sure it is and again I hope that's what it is but that's what we have so let me just think about that in the comment section I find if we just get a grasp of exactly where we're at and tamper expectations and just realize that in all honesty this in my mentality I'm sorry but this is this is how I see things I just see it as the cycles repeat and repeat and repeat and I just think that 2022 is a wash and actually not I mean not even a wash I think it's we'll go down even farther and I think then we start to rebuild in 2023 and then of course things start to rebound in 2024 what does that mean me personally this is just me I expect I'll be in this position of dollar cost averaging and trying to figure out the the best times to accumulate even though I just dollar cost average and I see that going for the next two years and uh maybe I'm wrong but I think if we if since I got that in my head if it if I'm wrong and it goes up hey awesome I have no expectations and we go from there I'm gonna just think about that in the comment section let's finish this up quickly and get to the Q&A which is this let's grow up now skip that I don't care about that so this one here I there was this there was this tweet today and it got to me um and I gotta tell you first we go on the investing partisan doesn't really get to me because I'm just like well it's just time I have time even though I'm old but I have I have more time just to you know accumulate and just wait it all out and that's it but these things that get to me is the people that say that you know with with gaming over here and then this thing gets to me too and I'll tell you why so there was this this this tweet that I that I kept seeing over and over again and someone actually actually it was just it was just one tweet and then someone said uh this is manipulation I was like maybe it is and I didn't blow it up so it's the same thing over and over again and it says this f this I'm out I listened to three ac three euros capital I'm very cyber on Twitter and been longing dips from the top I have no collateral left and got f-ing liquidated today I'm done with crypto for good I'm never depositing anything again f this scam and it's just you know people who looked like let me back this up like this person ghost general season yeah uh and it's just the same thing over and over again and I was like well that seems kind of odd and then I said you know hey this looks like a little manipulation and then people and rightfully so said uh where is this said bro this is copy pasta love you Rob but you sure show your age sometimes and that's true I've only been in crypto on Twitter for eight years and I see these things going around every so often but it just seemed odd hold on real quick sorry a little siren action and uh I was thinking oh okay so this is this is a joke and then but I was looking at the uh at the responses and people like some people like well Michael unfortunately the problem with Twitter that it's hard to tell what is real or fake serious or a joke nefarious conspiracy or harmless trolling crypto holder that don't even bother change the words so I'm in it for the wrong long haul no matter how painful digital gringa and then are these bots and then Mike's like Rob possibly central banks paying for smear campaigns chain is like well I lost all faith but whatever it is and then there was this response down here and people told me this is a joke this is people just copy and pasting and going through and us and and and j cribs is right this joke helps the space how I don't get this the satire and jokes in space let's see we want mass adopts initial folks to come into space let's just post jokes and I'm just thinking myself like is this a like this is sarcasm this is the dumbest thing I've seen on Twitter I know people like we'll just get used to it because that's just how it is I'm like but I'm like let's grow up this is stupid so when when I see like like these types of things and people like oh I'm just getting out I'm like oh that's sarcasm pro that's sarcasm okay and then the other I'm just when I see this I think others people see this and of course it's just a negative loop and I'm like you know if we want to progress and be taken seriously like adults I think this is the dumbest thing I've seen so far and to me it kind of looked like this because I mean we're all talking about the fake news and the bots and then of course all the different fud campaigns you can take a look at chain link the thing that went out with that and now I'm seeing all this stuff from other people I'm like is this sarcasm is this a fud campaign is this something else and of course you never know because that's what it is and this is kind of like what reminds me and I think you'll remember this not too long ago when the different news organizations would they all played the same thing because they're all under the same umbrella the same people this is like 30 seconds just take a listen you probably remember what I'm talking about here let me and meet myself and I'm Ryan Wolf our greatest responsibility is to serve our treasure valley communities the El Paso Las Cruces communities eastern Iowa communities mid-Michigan communities we are extremely proud of the quality balanced journalism that cds4 news produces but so same thing so I'm just like let's grow up and stop those stupid twitter thing that's all I wanted to say about that and then lastly this also on twitter which is why I'm thinking about leaving was this little snippet right here and this was from it was from a tweet from lady of crypto and she says I now hold one million ADA I said hey that's the that's good for you you know time and bear markets and then someone said Rob that's a fake account or that's a that's a fun account and it's a parody account check the account and I'm like so I checked the account where'd it go and it's lady of crypto just for fun account whenever dmu blah blah blah and I'm like first of all I have no idea who lady of crypto the original count is so I was still like it's the same it's still the same message so I'm just like godly twitter sucks twitter is one of those places where it's just like if it wasn't for such great information that gets out I would have ditched it a long time ago so that's just the thing the same thing that I see here as far as crypto news and the things that are going on I try to give you the both sides of the same story but I just find it's kind of odd just how crazy the crypto verse can be and then lastly we talked in the beginning about mental health let's start walking there is this uh let me see window there it is ah here we go there's this app I've been talking about quite some time the sweat coin I got a lot of positive results people telling me that it helps them get off their butt to actually do things and again if you follow me damn I'm losing so let's see how I do it today wow reload so I said if you can beat me in steps you can come on the show or I'll do a I'll do a profile review or I'll give you 50 sweat coins whichever but for some reason you're getting crushed again a cryptic autistic lance turner in theater good for you guys I will still beat you then this week I'm still losing this month not 23rd so there's a link in the description you can check it out and I think it's going to be a pretty big problem right now it's not it's not a crypto project but it's been around for like three years it's got over it's been the number one app in like 66 countries so far and they are moving over to uh to crypto and the thing that I thought was pretty big about them actually was they talk about this was a just a quick snippet about how they're working with health insurance health insurers to lower the cost of care employers you know this app can help them fewer sick days improvements mental health and the government reason to a reason for the UK has many tax exemptions and I was and there was a link right here and I thought this is interesting sweat coin is now working with the national health service I guess that's in England yeah and it was a pilot program potting new type of behavior change program to the NHS over 10 weeks so I'm like man this place this which is going to a move to earn system and everybody who downloads the app gets the sweat token whatever they accumulate I'm like Jesus there's no this looks like a pretty good project so that's just me I thought it was pretty interesting you can download it for free and go from there so that's it for today so look I want a little bit longer than I thought but touchy subjects so let me just think about that in the comment section now let's move into the Q&A