 Hello everyone and welcome to Sunday's live stream. Don't adjust to your monitors I am in the pool and the reason for that is I have a herniated or ruptured disc Which means that I cannot stand more than 20 minutes without excruciating pain Nor can I sit down so the best way to do this is within the pool where I'm pretty much weightless and I can talk to you So first of all everybody, thanks for stopping by on a Sunday I understand that there is a big game where the cowboys will at some point beat the Eagles But let's see if we can run through this rather quickly and before we get going We make sure that the audio is okay because we are using this new ish mic I just want to make sure so if audio was good and I don't see anything in the comments I think we'll be fine. If so, let's just get into it. So the title was lump sum Versed DCA and is it a good idea to go all in and on all honesty if we think about it The best time to go all in would have been at the absolute bottom, right? Well, I don't have a crystal ball I know a lot of people you don't either so when we talk about these these bottoms and and trying to time everything This is why a dollar cost average. However, if we take a look And just how things are going as far as the market itself Yeah, this is what we do on every Sunday, and I wanted to put a little spin on this to see if my dollar cost averaging Ways of doing things would hold up against a lump sum strategy So what I want to do here real quick is actually I want to change this from 2019 to 2023 and I want to go from we started this in September 1st or so and Just so everybody knows this is what I am currently Dollar cost average now some of these I'm dollar cost averaging every day some of them every week and Of course varying different monetary amounts, but so far If we would have started in September 1st, we would have been up up pretty well actually We would have beat every treasury and bond out there I'll tell you that right now even doge going up 10% e13 Of course, he's the ones that I'm buying doge eif dot Adam Algo Matic Bitcoin Arbitrum Ada Cardano chain link and Solana Solana being the big winner right now And that of course is just dollar cost averaging And this is doing something very simple which is just $10 a day if you can afford that Maybe $10 a week. I don't know or you know, whoever you are. Maybe $10,000 per day. There's there's varying people out there So it really doesn't matter How you do this percentages are percentages and those are gains or gains But the question then is well if a dollar cost averaging and trying to be safe as much as I possibly can well How does this work out? How would this look if we go back what I want to do is I want to go back and take a look at how this would be as Far as in the cycle. So we're a big believer here in the four-year cycles and We know that we are on a pre-having year the last pre-having year was in 2019. So let's just back this up to 2019 September 1st and The big thing of course we look at this and if we would have dollar cost averaged We've done done pretty good, right? I mean with a dollar cost averaging them if we would have sold at the right time Not too bad, but if we've done all this and dollar cost average and sold it. Let's just pick a date May 30 2021 it's not a bad day. It's not the April blow-off top. It's not the November blow-off top We'll say May 30th or something like that. And you can see that if we went back and we were invested $6,390 that's what it's saying here. Oops May 30th or so $6,380 Look at the massive gains. So again, there's a there's a tagline I use we use a lot here which is time in the market is more important than timing the market And that's important to know and it's great when we're talking about buying but for selling I think it's totally false I just do and you can see right here that even though that we've done pretty well here It will all would have depended but have been would have been depended on If we would make the smart decision and pull the trigger and sold, right? Because I mean doge putting up $6,000 you get $590,000 pretty good Matic But again six grand and getting out five a half a million over half a million pretty good Cardano Are my favorites hundred three nine thousand and of course you can see I don't need to read this to you These are pretty Fantastic gains. So remember these numbers real quick doge $590,000 Matic $564,000 and let's just go to Solana $70,000 right that's going from a time frame of 2019 September 1st to May 30th. Now what I want to do is this Again thinking about cycles. Let's click on this lump sum And now just so everybody knows What I'm showing you here, of course is in Ben site the link in the description. You can sign up This stuff is free. Let's take that $6,300 whatever it was and Let's say we threw it all in in 2019 September 1st and then we waited till May 30th. So if we're to lump summed everything in Come on we've been far ahead Matic almost a million doge three quarters of a million Ada went from 170 to 23 Solana would have a double Thanks on and so with Bitcoin not too much near 16 and Algo and so on and so forth So we take a look at these things a lot of people or some people will say well if you just lump sum and put it All in that's what you have to do It's a risky play, but maybe if you think about it like this as We move forward what would be a good time? Well, this is September. Let's just do this actually Let's take it today's day. Let's take November November 5th 2019 exactly is it the fifth? Fifth of the six, right? Yeah, the fifth And we threw in sixty three hundred dollars And we went to May 30th Or per per per per you know A couple months later that's whatever Again still pretty good, and we still beat the DCA Matic Ada so on and so on and so forth. So Would this be something that you could look at and do yeah potentially I'm just showing you what it is and what it potentially could be but I gotta tell you every day that's When you're in the bear or the bull market these types of days They seem like nothing can go wrong and everything will go up and it could be that way, you know, honesty But you have to think yourself do I want to go all in and that's something you have decided for yourself I will say this there's dollar cost averaging. There's lump sum or you can do what's called value cost averaging. I think That at some point maybe it might not be a bad idea for me To put a big chunk down, but that's for me to do I can't I do not a financial advisor Anyhow, let me just think about that in the comment section and again this time in the market is more important than timing the market This all works out and it's predicated on the fact that We sell at the right point because even if we lump sumed 6,300 dollars into Bitcoin all these different ones all the way back in 2019 Instead of having this much leftover, you know, we have right now today We're still up But it's roughly 40 percent 30 percent of what the original and actually in some we're actually the negative So we can hold all this time, but for me, that's not a good option Now let me just think about that in the comments and then also I want to run the ever this buy everybody as preparation because if we look at it like this We're talking about ETS What if it isn't approved and I got to tell you it's something that I've been thinking about for quite some time Do I think it matters? Well, we'll get to that in a second, but this was from a couple of different people around That are in the And the trenches dealing with crypto and gel assets and institutional investors and things like what what they think could actually happen So let's just say the Bitcoin spot ETF is not approved. Here's what we got So this is from Lawrence. This is she's a truck a training advisor at CEC capital And she says we could see a move downward and talk the target could be below $30,000 Also, she says a cluster at 25 grand is highly unlikely unless the SEC is categorical But I sense it'll be a back to the drawing board situation and hope will still be in the back of everyone's mind If the ETF doesn't get approved, I anticipate it'll be a significant let down says Martin line Weber product strategist for market vector indexes Spot ETF is often viewed as a hallmark of institutional acceptance and integration into mainstream financial systems Now rejection might also trigger some legal termo for the SEC. So that's a lot to break down Here's what it is Everybody is so convinced that this ETF is gonna is going to happen man I hope it does because that would be fantastic for everybody But what if it doesn't we can't control the events We can only control our reaction to the event and I've made my thoughts clear of why it could or could not be Approved I know people don't like to hear it, but here it goes again. I still think that Gary Gensler works for the White House I still think that he is not very accepting of certain assets and I think it's anything you think about it It's not in the American government's best interest to approve a Bitcoin ETF and have institutions flow in Because that's just one more place the dollar can actually go into I Think maybe it's a stall tactic for a CBDC. These are just conspiracy theories but who knows and As time has gone on and Gary again's on the SEC has lost case after case after case from grayscale to ripple It seems more and more likely, but I'm just telling you I think it's some some point You have to consider what it could happen And if it doesn't it's not me in the world I just like this last this second the last phrase from Martin He says the spot ETF is often viewed as a hallmark of institutional acceptance and integration into mainstream financial systems I think he's He's right if he would have said The ETF is viewed as a hallmark of institutional acceptance. It's actually viewed as a There's acceptance in the financial system if the SEC approves it as far as institutional acceptance Can you get any bigger than fidelity and black rock and arc and Van Ack and everybody else that's that's involved with it I don't think you really can I think institutional acceptance is already here So the only thing that I think is positive for the ETF Is of course this will bring in some people say this will bring a massive on it not some money Some people think it's it may not be the title of everybody's expecting I think it could be a huge title wave if it does get actually approved But the thing that you have to remember is With these are with this ETF as it comes in things just might not go according to plan And you might have a little bit of issues and bumps along the way but The big thing I think again is that the public perception has changed because right now Besides us the people who are here right now and don't let anybody tell you that you're not you're super early this the space There's still a large percentage of the population globally That take a look at crypto and they see it they see crypto as FTX. They see crypto as Celsius they see crypto as Voyager. They see crypto as BlockFi They see crypto is just Ponzi schemes and charlatans and scams running amok, which let's be honest It's not like we are squeaky clean in this in this category But if we have the SEC give the approval that means the average Joe and Jane can say yep I think this is actually pretty good. So I think it'll be whether it gets approved or not It doesn't really matter in the long run. I just We'll see how it all works out from there. I don't care if it gets approved or not I think that's the next bull run will be massive. Anyhow, what you think about that in the comments then just to finish up a little little PSA is If you own a near Wallet and this is wallet.near.org just so everybody knows As of January 21st or January 1st 2024 the near wall will be discontinued No change will made to your account or assets use your recovery phrase or transfer whether to securely migrate to a different wallet I've got a whopping $165 in this in this specific wallets to show everybody but you need to do that before well, you should do it for January 1st 2024 and This is why Near wall made a browser wall until January 1st Don't worry if you haven't transferred by January 1st The transfer is it will still be available after the wallet functionality Sunset, so I think it's pretty cool. And then of course it comes over to here And they're just trying to just make it easier for integration thing that with the with near protocol But I just want to talk to you real quick about Near do you know that near I mean everybody's been talking about salon how great it is which it is and the reason Why I say it is because I own it and of course, I'm super biased But you know in the last seven days Nears up or excuse me salon is up 24 almost 25% in seven days, but at the top 40 Yeah Near protocols up the most 30 almost 32% and the question at the ask yourself is why why near why is that so big just because Rob's talking about it? No, it's not it's actually It's actually pretty good tech. I don't know if you know this but Near itself and again, I'm biased I own a bunch of this stuff Near has a 100,000 TPS which beats polygon and Salana now. I know with fire dancer coming out with Salana there's they're claiming that it could be up to 1.2 million TPS and That is what they said that it can be proved We'll see but still near is not doing too bad as a compose as opposed to like Arbitrum 40,000 pretty good BnB 10 Cosmo 6 Tron 2000 and Cardano 250 Hopefully they get something else moving out there and this was updated February 21st 2023 So sound off in the comment section for your favorite crypto because I definitely will get that which is Rob you understand because XYZ does this much TPS and that of that my okay great, but again TPS isn't the whole story Which really want to take a look at is First of all TBL and we talked about this many times There's a link in the description for DeFi llama. It's a hundred percent free website. You can check it out But I like near it's got great tech it does sharding right now Which is what a theorem is just is aspiring to be and they've already been doing it for over a year Very fast very cheap, but you can see this forest TV L This doesn't even exist. I mean here's the big piece of the pie You got a theorem at 53 and we want over this yesterday, so I'm gonna do it But take a look at I think it's like 37. Yeah Near as far as TV L is all the way behind moonbeam Ronin Tezos Algorand Aptos Phantom you can see that it's got fifty three million locked up as far as TVL and seventy two point one Night as far as stables Not too great. We honestly, but we take a look at who's you know as far as like top daps There's a website the app radar calm and we take a look at that radar and You can see as far as like unique active wallets and balance if you take a look at those the two top daps are Kaicheng and sweat economy which I also talk a lot about as far as sweat not Kaicheng and they're both built on near So there's a lot of activity and it's actually beat out as far as like pancake swap v3 Galaxy which one that was pancake swap v2 and their decks Splinter lands a game and so on and so forth But you can see it as far as like the balance that's locked up in there I mean sweat economy is a hundred fifty three million pancake swap two hundred eighty million unique active wallet users Kaicheng is 680,000 sweat economy a hundred forty thousand pancake seventy alien worlds being on be a beach out there So you can see that's actually being used and that's that's the big thing That's really what I care about but the thing she had a I always take a look at is The fees because I always talk about you know if you're gonna vote. It's not just about TPS. It's about Are you voting with your pocketbook? and If we take a look here for crypto fees, you will notice That near isn't even the top 20 I have to click on this there it is Near protocols just right after a hot protocol. So over seven days You know a theory of over seven days make cheese the least they make five million 109,000 in fees will no wonders because they're super expensive Bitcoin makes a ton uniswap right behind it and then there's BNB and near protocol makes a measly 10,000 and you can just see over here as far as more details So I know Pete some people are screaming at the at the screen right now and saying but you understand because of course They make more money because they're more expensive and we want things to be super cheap like Solana Which is like a fraction of a penny. I agree But you want to take a look at as far as like as far as adoption like I did this yesterday. I'll do it again today Just back up take a look from here and see how our things going well not that great honestly Near protocol in 2022 kind of topped out They were making 76,000 and then over here look at this 4,000 2,000 2,100 not too many people and just only recently has it reached up to like in the threes So it's going in the right direction But it's not like it's a ton but the question then is well How much is it cost and you can take a look at near blocks that IO that's kind of like ether scan But of course for near and you to see that the actual transaction fees They're like fractions of a penny. So no one they don't make anything because it's super cheap and super fast again 100,000 TPS. Let me just blow this up here Transaction fee is Well again fractions of a penny I think that's what people want correct me if I'm wrong if you're a Developer or not a developer if you're a business or if you're a consumer. What do you want? You want fast you want to cheat and you want it easy? I think that's the new narrative that should be the new narrative of the next bull run, but we'll see and yeah That's it for today So like today's video give it a thumbs up consider subscribing everything talk about his time sensitive We got to take off go watch that eagles game Good luck