 Joe last said news or we take the top stories in crypto rain on a bite-sized pieces, but today a little bit different We've got friends of the show George from cryptos are us and James from invest answers as we do the DCA show gentlemen welcome Hey, a little bit difference Hey guys, how's it going? Not too big Okay So let me make sure I got my echoes out. That's my fault All right So what a day huh so far so good looks like we're we're in like a little descending channel Looks like bitcoins taking a little bit of a beating and then so on and so forth So today we're gonna go over a lot of different things and I think it's gonna I think it should help Especially the people out there that even if you've been in for a while or you haven't been in for For that long. I think some of the things we're gonna talk about today is gonna help you see Hopefully the bigger picture about what exactly is going on So the first thing let's talk about and then what I want to do is instead of just asking the question I'm gonna direct it to a person have them answer and then we'll have the person rebut and go from there so the first thing is two more Bitcoin ETFs and This looks like it's from Valkyrie and Van Ek so now we've got pro shares Valkyrie and which already came live on Friday, which I didn't even realize until I was doing some research and then pro share are then We've got Vana coming up next week So the question I have for everybody is is first of all is this this is good for the market to have three futures ETFs Or is it just noise and what do you think's gonna happen in the long run with these these futures ETFs? Well, I think it's a a good thing, you know, it brings a lot of Institutions to the market it also Covered yesterday financial advisors are not selling it People needs way to get in the key thing for me actually I threw some money at some of the pro shares coal options on Friday When Bitcoin was about 60,600 I think so And I've been tracking it all week watching exactly how closely it does track to the Bitcoin price And it's really close There's a couple of things that I am trying to get a handle on is one the true correlation to tax implications Three how strong the contango effect will be and if we do get to the situation where there's potential backwardation What that will look like and how I can use that to hedge But I did throw some money at it and by my calculations Based on the co-option I bought I need Bitcoin to be at 65k on or before March 2022 to make money So I'm pretty confident I'll make money on this whole option But I just want to get a feel for exactly how it operates what the pricing is how much margin is in there and I think the more the better the second one did fizzle out on Friday and There'll be more to come but it's just you know people have to digest the stuff and I just hope that they bring a Spot ETF sooner than later I think that's the setting the ground for that Gotcha George. What do you think good for the markets doesn't really matter or it's it's a push in the least in the right direction You know, I would argue it's good. Obviously when pro shares debuted, you know, Bitcoin had a good rally In terms of you know, some of the statistics I've read that pro shares ETF Hit a billion under management faster than any other ETF that has ever come to be So that shows you the appetite for Bitcoin and interest in Bitcoin. So that's very good I heard on I think yesterday Valkyrie said that the you know the interest in their Bitcoin futures ETF is so much that they could come out with two additional products right away So, I mean so far so good Then I on Monday and there could be a lot more but I think ultimately Yeah, like James said, we're all waiting for a true Bitcoin spot And this needs to happen first without it Gary is not gonna allow it. So this is here It's bringing a lot more attention and money into the space and I think that's overall good thing Yeah, I I agree somewhat with both of you But as far as like these ETFs coming by like Van Ech is supposed to launch next week looks like Monday October 25th gets funded yesterday and then off it goes, but yeah that price for these For these these ETFs, I mean we started off strong right looks looks pretty good And we were at 40 and then just kind of just went down sideways and then down again That was for the BITO the Valkyrie, which I think is has a has a pretty good Pneumonic or ticker for it, which is BTFD I think we all know what that means and if we take a look at it I mean it started off strong and then we're just kind of going sideways action. So we'll see how it goes I will tell you this though First one Gets all all the rewards and the second one than third ones. I think are kind of picking up the scraps I know that's the CEO. I forgot her name for Valkyrie. She talked about she goes Yeah, there's a lot of demand, but I wonder how much of that is posturing like yeah There definitely is and we can get it or if it's just like, you know, I kind of got to say that because here I am for the second one. I guess the big thing will come down to what happens with Vanaq. I'm not sure But that's what we got for that one. So next part here The Bitcoin pullback So the Bitcoin pullback it looks like and let me share this with you This is from me and James's a little session that we did for for TA and it looks like over the last 24 48 hours we've had quite the quite the descent Going forward, but I can just see like if we're taking a look at the four hour Like how we're going down and it looks like these huge candles just going down The RSI is not definitely an overbought as far as here and now it's oversold and we're coming out at this point But do you think that we could break through we've already broken through this the 60k Down a little bit, but do you think on Monday we could reach lower than that? Or do you think this is we're gonna change in this chair trading this sideways action for a bit George? I'll ask you first. What do you think I? would refer to James first because Like you said he you guys just got the TA session. I like to hear that first Well, that was a while back So I think what I see happening here is usual stuff. There's just so much demand right now There's a little bit of dumping a little bit of manipulation You can see the way these down wicks happen, you know when they breach the 60k it goes down to What is the exact number what that I hit three times 59 six? So what I've been telling people any dip under 60k snipe it grab some if you don't have any Bitcoin grab it You're not gonna get the crazy gains You got a year ago, but still this thing is going to a hundred K And you can just see again as usual the buyers come in every time it wicks below that level So from my perspective, it's crazy manipulation. I mean we could go to 65k tonight when we're sleeping And that's just the way this thing goes, but we see an extremely strong support level at that 59 660k So anyways looking at a few sets and it's happy with with 80% gains You know within three months. It's a no brainer Yeah, and I can I can definitely see it I mean we just see it cross over the MACD comes over this way We could we could have made a pretty good profit again over here and then right around here Like we just see how it just kind of crosses over and then you could have sniped it like you said at 59 Jumped up to where we at 61 or so and then just play that channel, but I'm not a big trader I'm just trying to learn from traders George. What do you think and then the next question? I'll ask and I'll ask this for George To expand on it is the Bitcoin dominance right now. I think we're only like at 43 44% or something like that Will we continue with this? Will it go up or do you think because of the money will just flow into alts and we'll go down below 40? Yeah, I mean a couple things that that 59 6 is an important, you know That was important resistance that turned support and I think James is correct If you chart it out, you'll see that Bitcoin every time it touches that point It bounces back just like a few moments ago too, but can we fall further? Sure, right? That's just the way things are with Bitcoin and crypto sometimes But when in doubt zoom out and you'll realize that our fall is Not even, you know viewable when you go out over the last, you know year or so So it does not mean even we fall down that the bull run is over. There was definitely it'll continue back up But with that said Bitcoin dominance I think that's something that a lot of people forgot about for those of us that's been in a space for a while We know that when Bitcoin runs dominance always runs up now this year It did run up, but not as much as before because all coins are obviously Their momer churn now they're bigger the dollar amounts into them are bigger so that if Bitcoin goes up the dominance does not go up as significantly As it did before but that's still something to watch We definitely saw it for about two weeks and then this last You know the last few days Dominus came down a little bit because all points started finally come up a little bit, right? And someone like Solana just formed a new high out of the blue and then it came down a little bit And of course we have Fan favorite sheep that continues But when you you know when you look at it Bitcoin if it continues up and I think a lot of us anticipates go go up to 100 150 200 250 on his way up It's if the dominance will go up. Maybe not as significant as before, but I think it will Yeah, I think I mean if we just look at I mean just the the historical parts here This is why I brought this together which was I mean with the dominance itself I mean back in I mean everything from 2013 to all the way until the last that last bowler in 2017 It was pretty pretty high up there 80s Sometimes even the 90s and so but then once everything started to go to alts because there was a lot of money made then we saw the Dominance drop we see it again people like as soon as it dropped here like whoops Maybe I didn't maybe I should have listened to all the Bitcoin maxis and just put everything into Bitcoin And they did and now we're kind of coming in that area where maybe it'll drop down again to below 40 Maybe 30 but again I think it really comes down to the profits that can be made if you're into that or if you're into the long-term play Or if you're a combination of both so again, we'll see how it works out and that's actually kind of a good segue Because George you just talked about 250k Bitcoin. So I'll ask you this there was a There was an interview with Anthony Pompliano and Raul Powell It's about a week ago or so and he talked about how Bitcoin He made it very clear end of year Bitcoin 200k end of year Ethereum 15k end of cycle Bitcoin 400k and end of cycle Ethereum 40k I know you talk about this on your on your channel. Do you think that is a possibility or is that just way just out there? For the end of the year, I think that's I think that's definitely doable now in terms of end of cycle I'm assuming he's assuming he's talking about the cycle lengthening and possibly going till March or June of 2022 Some people are saying that the the cycle will be extended by six months if that's the case Yeah, sure it can happen, but And I think we all love to see that happen, but you gotta remember that I still think you know taking profits in the way up isn't as important because If it doesn't hit those marks, right and it does come down and correct. It could be significant because a big one goes to 200k that that's a pretty significant run from here, right? That's more than a 3x run from here So I anticipate if we do have that 200k at the end of the year We may see a slight correction, you know come next year early next year But then we will recover from that and continue on right but I think those are realistic numbers You just just have to just have to make sure that you don't yeah You you mitigate risk properly and just by having profit, you know taking profits and having cash on the side Yeah, James. What do you got? You think it's realistic and do you agree with the taking profits part? Well, I told people I eat whatever they want online lies if those targets hit by March 2022 There's being the 400k Bitcoin and 40k ETH. I think That'll be extraordinary and if it does happen, we'll all be extremely happy But I think I think he caveat at that because he got a lot of heat out there in the Twitter sphere and stuff So he came back yesterday or today. I'm not sure and he said well There's a 70% probability of Bitcoin hitting 200,000 and ethereum hitting 20,000 So he brought in that 70% so when you when you give somebody a 70% stat that means you got a 30% get out of jail free card So that's what he came back and said. So that's probably more important now even taking that So what I like to do is run expected value simulations. So 70% chance of 200k. That's still 140k Bitcoin 70% chance of ethereum 20k. That's a 14k ethereum. So there's still good numbers. That's so crazy bullish I'm a little more conservative my price predictions. Yeah, and see that's that's the whole thing What when I want to hear these numbers? I don't just reminded just exactly how early we are and in that same interview when he's talking to It's a pomp because they asked him about, you know Where do you see things going in five or ten years? He says well, we're at about two two and a half trillion and it's gonna swallow all the different industries that we have especially into DeFi and and tokenization of assets and all the things he goes He goes yeah, he goes I think once we hit a billion type of users We're looking at a 200 trillion dollar market cap. So when I'm thinking about these things and I'm thinking about these numbers I'm like really I mean, this is just just a very small blip So I don't understand sometimes where like I mean, I even I get nervous I think some people out there watching the watching the video gets a little nervous But we're so early that even if you make Somewhat of a wrong decision in some places as far as like what you're resting into It's gonna push yourself all the way up, especially we got a 200 trillion market cap You can imagine that all you got to do is buy and hold All right, and then for that one, let's move on to the next piece because this is a Thing I get a lot of heat on which is it was the same show actually a same interviewer which was pomp and he talks he was talking to plan B and this was I don't know if it's a really popular idea anymore As far as the four-year cycles and even plan B came out and said yes, because I still believe this four-year cycles I believe there's going to be another a 70 to 80 percent crash coming up because of what's based on the happening. So When I hear somebody talk about that it seems like that idea got replaced with no Which is gonna be a lengthening cycle and it's just like what Willie Wu talks about we're gonna see small Right small rise ups, but we're gonna see just a small bearish sentiment. Do we What do you think is going to happen as far as moving out? Well, we still have these four-year cycles these huge long crypto winters or is it just there's just so much adoption You can't stop it now, and I'll ask I'll ask George for this one first I Think we talked about this before I think it certainly could happen If we have a crazy block top event, which I think plan B is anticipating Now his his stock to flow X model anticipates that they're going to hit like 230 or 240 So that 250,000 mark that we just talked about and if we do shoot up, you know 4x from here To the end of the year at 250 I say well, maybe that's that's likely or it could happen Let's say I take that back likely is strong But it could happen because we ran up so much right so much so fast and if all I mean a Bitcoin runs up 4x They forget about all coins will be like 5 to 10 X within you know a month and a half, right? And that's exactly what we saw in 2020 2017 going to 2018 when Bitcoin first hit You know 19 8 and started coming down all coins start going up like 10 fold for about a month And then everything came back down so it could happen, but I think that the new Narrative is well Bitcoin is not driven by retail right now It's by institutions and if institutions have the strongest hands out there Why would they sell even if it's Bitcoin at 250,000, right? I think that's the argument And I don't know, you know, I don't know unless they're anticipating or maybe they're adding Bitcoin right now to their portfolio because they want their numbers to look good for year-end, right? And maybe Maybe they anticipate that yeah, Bitcoin will be weaker the first quarter of 2022 so they maybe they sell at 250k also, you know, I don't know how they think I'm just speculating here, right? So I think there's definitely a possibility But if Bitcoin doesn't go up that high like, you know, we only go up to a hundred thousand I say only a hundred thousand a hundred thousand hundred twenty thousand I don't see it falling 85% because we're just we just then have the same blow off top event like before so yeah Yeah, and then and then James. I'll get to you in a second But you know what it reminds me of is I was listening to Anthony scaramucci the mooch He was talking about Skybridge and how he actually does things and what was what was interesting to me was that he says that he goes I have a lot of high net worth individuals And my job is to make sure that these guys maintain their wealth not to make them super duper rich then because they're already rich So my job is just to be a coach because he says when he got into it You know, there was a big dip he goes I had to pull people like like a football coach with their face mask and go Don't you don't you get out because this is gonna be a great thing? So I think like the things that we do is kind of like that But when I take a look at institutions and where they're gonna go I Don't trust a lot of the institutions out there. I think they're in there especially like some hedge funds To make a big huge profit and then get out as fast as they can because maybe they want to crash the market again And go back in these are things that concern me if everybody sees it like we see it. Yes, I agree with George But I don't know if they see it like we do James. What do you got? Yeah, sorry? Well, I think my mic wasn't on does that sound better? Yes, yeah So the defaults weren't configured so sorry about the audio everybody so there's two there's two ways of looking at this whole world and It's real simple one is we are now in this era of mainstreamification of Bitcoin literally like a 240,000 Sales people now going to be selling things like Bitcoin ETFs to Americans And you got pension funds piling in from Australia and Germany and all over the world and you have Sovereigns adopting you have now ATMs being rolled out throughout Colombia just like El Salvador It's it's just Happening so fast way beyond my wildest dreams and that mainstream Vacation with such a scarce supply that nobody really understands how scarce it is is going to drive the thing very potentially Parabolic now the second part of that is Where could it fall back down to now the the floor will be a function of how high we go and the easy way to think about it Is imagine the 200-day moving average on a chart? That is your floor the more gradual we go up the higher the floor will rise if we have spike up and spike down fast It'll fall fast. So that's the easy way to think about it. So right now the floor is coming up on 48k I think so I don't see us once once we have a little more time in this zone 60 plus the 200-day moving average will go above 50 and that will be the new floor So if we go to 100k worst-case scenario go back to 50k if we gradually go out to March 2022 and keep creeping up 1015 20k a month Then that floor will increase to 65k 70k over time. That will be the new floor if we go parabolic real fast to 400k Yes, we could have a retracement of 80% back down to 50k So that's the way people need to think it's kind of a gradual race the quicker it happens quicker blows off The more we fall down The less and more gradual it is the better it is for everybody. So That's a pretty good way to look at it And I definitely agree with you that one which you know what speaking of which this this leads me to my next point If we're talking about gradual increases and then monster increases, let's just take a look at What's going on just with a couple of different cryptos James you're Solana. It's looking pretty sharp right now You've got it's around 190. I think it topped out at 205 or somewhere around there and then the market caps 56 billion hit 215 216 the other day made a new high recently 215 216 yeah, and I had it around $200 just for this year alone, and I was I'm glad I am wrong I underperforming this one, but then the big question is look at this one 56 billion Cardona's at 67 billion When could Solana flip Cardano and could it happen? I'll let James take this one first Well, these these are these are political hot potatoes. I got to be careful Let me just for all the people out there. I'm just gonna Explain and I'll always be very honest with everybody and I don't shell any bags of anything if I was I'd be pumping Ethereum all the time, and I don't so Cardano is great. It's beautifully engineered. It's like it's like a Let's talk cars a car analogy for George here. So George one of my favorite cars You know I drive a Tesla, but one of my favorite cars is the 1955 SL Mercedes with the Gullwing. Oh, yes, which now are like five million dollars a pop if you can get your hands on one This is for me Cardano, it's beautiful. It's perfectly engineered It'll stand the test of time, but the problem is you're not gonna be able to get seven passengers in it It's not gonna be able to take you over mountain pass in the snow It's not gonna be able to take you to a tropical rainforest You're gonna stop the gas station very frequently, etc. This is the problem now. I'm still not sure I'm exactly where we are with transactions per second for Cardano with the new version What I've heard anywhere from 0.2 to 6.5 to 600 max and That's just not gonna cut it in this day and age especially like if you look at the congestion already happening now with the NFT plays in Cardano, that's where I get stuck and they specced this out and I spent a lot of time in GitHub reading articles and You know the problem is how can they ease the congestion? How can they increase transaction size? How can they increase the block size? And unfortunately, it's really hard with Plutus and And We'll see the script execution is apparently taking too long. I don't know where it's gonna go This is why faster chains are creeping ahead My theory and I think the best the the chain of our season is Solana It's leading the market. It's completed its fourth macro wave as a triangle It implies we've begun the fifth wave and this could take us to 500 bucks So that's big. Yeah, it may be 700 I mean this this thing this thing could take off so fast and we've seen that we've seen it's now also in this cycle It's the first to pounce the whole market can be read and Cardano Solana will be green So people are beginning to come into it. Everybody is beginning to push it that's kind of almost even a mainstream vacation of Solana happening now and Institutions are buying it and then you look at the valuation. You got to look at the whole ecosystem of all things Solana and The money behind it the backers the FTX play with their valuation of what 28 billion dollars or something like this are even more or 200 I don't know what the exact numbers are and if you're watching cricket in India You'll see FTX written there if you're looking at form in one racing all over the world You'll see FTX written on a car Baseball stadiums basketball stadiums. It's it's it's omnipresent and that's part of the whole ecosystem You know sandbank when freed with forget the name the founder Everybody is kind of in cahoots to make this thing successful And they've got the connections to Silicon Valley and the big money. So I think it is the the play of our cycle Yeah, what do you guys think George? What do you got? James you're being too political correct with Cardano. You don't like it. Just say it's trash Like I had a beautiful metaphor what it is Yeah You're trying to say bad things about it, but you know trying to say good things about it first Which is which is a it was eloquently put I will tell you that James gets James takes a lot of heat I see it on Twitter. I see it on YouTube I remember one somebody said James is just a dirty shill for Solana and I and I wrote back I go that's okay. That's why we hang out because we both shill we were I'm gonna meet James pretty soon At shill bar over at shill or in shillington street. So it doesn't really matter. What are you gonna say? So George, what do you got for Cardano and and flippening potentially? You know, I Look at Cardano, you know recently when I was shot up to three dollars. Why did it stop? It seemed like it gained all the momentum and then it stopped and it hasn't moved since then the what happened was that you had one dex in their testnet Testing out the new smart contract and testing out if they can solve concurrency and they failed And since then we have not seen a dex operate on the main net with smart contracts, right? That's why Cardano has not moved because people don't know if that could be fixed now I've heard from people that chimed in live chat that Cardano has not done a good job that Coming out to like the code or the STK or whatever that that helps these Dap makers actually thrive and make a useful DAP and one that works, right? But So I don't know what's the deal with that. I mean it seems like Charles went on a month-long vacation to Africa And he has not really said anything or done streams since then talking about it I think that's what's holding back Cardano is because again, you know We're left waiting for it to be complete, right? I think we all thought that after smart contracts is out then yeah maybe they can get all those dexes and AMMs and NFT marketplaces and other useful things payments and stuff that will be running on top, right? while while we wait for it to be fully complete with governance and scaling and so forth, but But that's not the case. That's why it hasn't moved and because of that Solana is catching up and I do so think Solana's go flip the biggest reason why I got into Solana earlier this year is based on Sam Bankman Freed like what James said because his, you know presence in the space is huge with Alameda research and also FTX I Would say it's getting pretty close to CZM Binance's influence now, right? And they keep growing to keep marketing and Sam loves Solana He invests in every single Solana project basically if you look at any new project comes out You look at a web page who's a backer Alameda research like he literally puts every single Puts money into every single project and he's go carry that project far and all the fundamental stuff like it being done It could scale That's all there. That's like, you know, I think we've all said They're like ether in 2.0 even before 2.0 comes out, right? They are they are literally done So I think they're gonna be yeah, they're poised to just keep going higher and until Cardano fixes Or comes out with some useful dexes I think people always wonder whether or not it's go work completely and I didn't talk about you know I never even thought about the scaling issue that James brought up, right? If even they have it let's say they have some cool dexes like Sunday that a Sunday swap and all these other ones But if they can't scale that's gonna be a problem too, right? So I think that's the biggest problem Cardano right now and Solana doesn't have those problems And they'll probably flip in the near future. Yeah, and if anybody wants to see if you look at the Cardano transactions per day it has fallen from 1,000 or 80 million to what 80,000 times a thousand down to 60,000 so over the last six weeks four weeks or whatever It's actually the number of transactions on the network are falling fast And I don't know why that is maybe because Charles is in Africa. I'm not sure but Maybe if you can pull it up just Google transactions per second Cardano transactions per day, you'll see Yeah, and then I just look at data everybody. Don't don't hate me. Just look at the numbers And that tells me what's happening. Yeah So like so with with both with both what you guys said it makes a lot of sense But I so when I think about when I think about Cardano when I first got into it Like it was all like I bought it at seven or eight cents And I thought it was a pretty good that thought well, you know for the future But just like George talked about I mean that was a MIM swap that came out and they just fell on their face And they said well this concurrency issue is the big thing And it just kind of went the other way and I can see that unless unless a dex comes out The thing though I will say is on Solana Have you ever used Solana for like just to like for transactions like that super fast, right? Super cheap. I used it I used Solana. I bought an NFT on FTX. It was super quick I used the phantom wallet you can actually see your Actual NFT in the wallet and so then I want to say less than five seconds When I move things around then you can actually transfer things so on that one I'm like I get it I can see why and with Sam Bakeman free doing all those things I think he's the one that went in with Solana and said I'm gonna try to break this and then he put all his developers on it And they couldn't do it So now we have the situation, but I will say one thing for everybody who's in Cardano right now It's not that this project is is now dead because they're going through a rough patch I'll remind you my favorite analogies is Amazon. I remember there was a Snipped it on Jeff Bezos and he said that when he was watching his stock Fall precipitously in the late 90s or early 2000s. He said he goes. Yeah, it was amazing Everybody was telling you how awful my company was and I just saw just go down or down down I looked at my metrics about how many different warehouses we were we were opening I took a look at the number of employees I took a look at the shipping rates and all of a sudden like this is exact opposite It's going pretty well with Cardano I think it's kind of like they're in this little building stage and getting things done maybe putting in some more Agreements between who knows heads of states of Africa who knows and we'll never know until things go up But one thing I can tell you I'm a sure of is this is that usually when you invest in some projects Usually you make a lot when you invest when nothing's going on and nobody really cares about it. That's it All right, so for that one. Thank you gentlemen. Let's talk about and we're gonna finish up pretty quick guys We're doing pretty good hyperinflation concerns. I know this is James one of James is big thing This is all everybody's thing but hyperinflation When the Fed came out and they said ah, it's gonna be transitory two point whatever and that now they're saying well It's about five percent. I know we've got our ideas about what inflation is But I mean even across the globe we can see that inflation rates are up For what we have so this one is like I mean Canada I mean everything if you go from the right is the previous and to the left side is what was last Where we are and for a United States That the 5.3 to 5.4. I don't think it's 5.4. I think it's higher look at Russia Look at Brazil look at Turkey in heck look at all of them except for Japan Saudi Arabia But what are your concerns about hyperinflation and is this one of those? Catalysts that brings more people into Bitcoin or is it just overblown? Yeah, again, I've proven mathematically that when you increase the money supply by 40% You debase by 25% But there's a time lag between the money printing and the debasement so right now I reckon we're at least at 15% and It'll shake through and then you look at the US economy and you look at Europe huge deficits huge debt Servicing costs. I mean the money printing has to continue and these numbers you're showing here complete garbage I wouldn't show that's just it's just it's just lie is the political propaganda is what that is It's so that the people who rely on pensions and everything else don't have a revolution Because if you are relying on your pension Growing at 1.2% or 3% or whatever when inflation is 15% and you got to live on that for 20 years You're gonna get really concerned when you find out the real inflation is 15% but just just go into a store The classic one was apples. I used to buy this box of Fuji apples used to be 699 today It's 1899 so it's nearly 3x an apple in the space of one year and That it's funny because I actually have a photograph of the price from a year ago I was like, this is a great deal in these apples a year later I took a same picture the same place in the same store couldn't believe it tripled. So we're all feeling it we all know the reality and The money printing has to continue. They say there'll be a tapering but remember tapering means just a slowing down But it'll never stop. It can't physically stop and if the final point I'd like to make is We can't look at currency based on currency, but everything is already hyper-inflating against Bitcoin Just look at any chart of anything compared to Bitcoin. You see the hyperinflation right there Yeah, George, what do you got? What do you think same same sentiments? Or is it even is it even more dire in your in your thought process? I Look at two ways number one is all these billionaires. They're coming in their billionaires already and They're trying to preserve their wealth, right there. I don't think I may be wrong I don't think they're trying to buy Bitcoin to become trillionaires Maybe some of them are but I think they're buying Bitcoin as a store value has your inflation They realize gold is just not good enough anymore So they're doing it for that reason so because they recognize that inflation is go be a like I said recently a real bitch going forward So that's number one and and number two is yeah, if you if I think if you look at like five ten percent Maybe even twenty five percent like James or fifteen percent like James said on smaller items You don't you don't notice it that much maybe James notice on apples I mean, I haven't really noticed on apples But you notice it the the bigger the item is the more you notice it, right? You're getting your you're talking about, you know, you're buying a computer, right? You're buying a car. You're buying real estate. You're buying anything. That's an asset They have all gone up 25 30 40 50 percent and some of that inflation could be because people are trying to buy things because they realize the dollar is Debasing or devaluing so it's actually like artificial Inflation because people are just rushing to spend their money as much as possible because they know they go lose money buying power, right? But the bigger the item is you realize it it's just getting more and more expensive and it's to a point where it's ridiculous You know and you could argue some of it is due to manufacturing issues and shipping issues But a lot of it is just you know It's just because there's a lot of people that are spending money because they realize that it's getting more worthless And one of the things they're buying is Bitcoin and crypto, which is why it's going up tremendously Yeah, true. You know what I worry about and I So when when James here was talking about apples you should take a look at that the price is in Puerto Rico everything else the importer There's huge taxes on top of the fact of the Inflation what I worry about is that not for us and not for you watching this video What I worry about is the people that don't get into assets and they just sit on their cash James has got a friend who's sitting on like 600k and he thinks it's gonna save him I think it as time goes on if people who don't invest into assets and everything gets inflated away Like what do I do? What do I have here because my actual wealth is not the wealth in this in this linen? This this this these cash bills I should have gotten into assets and I can't even imagine as time goes on how bad it's gonna be But that's just my two cents. All right, and then we'll finish we'll finish up with Exit strategies, so I know we're coming into it And I think a lot of us on or I think all three of us on our channels talked about this ad nauseam about This is the last quarter of the four-year cycle if you're gonna be anywhere be here right now So as far as your exit strategies has anything changed over the last month or so as far as like you getting out of crypto Are you selling or are you getting into something else like? Whatever you're thinking about James. Let me ask let me ask you the question first anything has changed for your strategy No, it's always been the same. So I set my price targets when things hit Exit and the things that hit first typically will be the riskier assets Maybe because I got lower price targets and those yeah, but I still believe if I look at kind of Where I am right now and I get this question all the time What should I buy what should I buy what should I buy the people who are late to the party people on a FOMO in? Right now I'm looking at six assets that I believe are the strongest ones at this stage of the cycle with the least amount Risk on the most upside number one is Bitcoin number two is Ethereum number three is Solana for polka dot five polygon and number six chain link This these are kind of the the blue chips the pristine the safety ones that you still have all this crazy stuff happening out there You've got manipulation happening with some meme names not only in the stock market side But also now on the crypto side too. So All I say is everybody this is the stage of the game if you and you guys know you've been around When you start Reducing your riskier assets and you move into the safer place You start swinging in taking taking the risky stuff and putting it over the safe stuff And that's the way to play this game in terms of exiting. I don't plan on exiting Bitcoin I plan on hedging it the stuff I have I've got a low cost basis same with Ethereum The the tax ramifications to me would be just too painful to sell them So I hedged them instead Solana the jury's out if Solana is continues to do what I think it could do That's another keeper the rest I could probably sell when they hit the targets But at the end of the cycle I'll be holding three and I might layer out of some of the Ethereum to buy more of something else that could be running faster Or who knows, you know, maybe Tesla falls to $600 then I'll sell my Ethereum and buy Tesla You know, you never know I just move the stuff around where I believe the most return is and I don't discriminate against anything any asset But I like things to be low risk high return Yeah, but just to clarify you get out of a position as far as an asset, but you get into another asset Yeah So right now I'm harvesting cash because I blew all my money On the last dip when Bitcoin hit 40,000 when Solana went to about 150 or 136 I can't remember and so I loaded up on Matic Solana Bitcoin micro strategy and so I went to from a 22% cash position down to almost Zero, so now I'm trying to build up more cash just in case there is an opportunity or there's a great one event So I'm a little bit nervous now not having that cash position So George what do you got same thing or you got a little bit more? No, I think you know, I think for me and I think a lot of people You know the worst part about holding through crypto winter was not having the ability to buy on the way down Or buy the dips or buy the bottle and the reason being most people Including myself back in the day put all of our money in and we didn't have any additional money on the side to be able to Buy right so this time around I'm changing it. I'm making sure that I have cash on the side because I don't mind holding It's like James said I don't mind holding the winners And I'm thinking that they could fall anywhere from 50 60 70 80 percent I don't mind holding means I believe they will come back up But I might not be able to dollar cost average when they are dirt sheep, right? So that's why I make sure that I have cash on the side about 25% in cash Right like that example like I think you said or James's friend that has six hundred dollars and I'm the in cash, right? The argument with that is If he has a three million dollar portfolio, then it's okay to have six hundred dollars in in cash Because that could be used to buy the dips if they come right But if you have six hundred dollars in in cash and nothing in his portfolio, then that's a different story, right? So I think you know you have to have appropriate cash on the side And you know what that's that's my strategy is making sure I have that so as crypto goes up And I look at that percentage. I'm like, okay My cash, you know portion is falling. I want to take some profits on the way up So the schedule and just make sure I have that 25% cash in case things come down Because I think it's very hard to predict when top is go come Yeah, and also this is one thing that does concern me Especially for people who are all planning to sell it like a hundred thousand or whatever if Bitcoin hits that Is what happens if it does go to two hundred thousand three hundred? That's what I was Raul Paul is correct and goes to four hundred thousand and it doesn't come back as much You've you've missed out you've missed the opportunity to hold the most pristine asset And that's why I think if somebody has a whole coin Just keep that lock it away come back in five years if you got to achieve that status Don't think about selling and buying back in cheaper to double your bag the risk There's a 20% 30% risk that it could just go parabolic from here on in if the adoption continues at this rate That is going to happen because there's simply no supply. So be careful everybody if you're thinking about You know Thinking you can sell it. I'm gonna sell it a hundred thousand. I'm gonna buy two at fifty thousand that may not happen So just everybody keep that in the back of your heads, too And I want to say one thing as well about Cardano before we finish I know there's a lot of and I just want to say this because I hold Cardano and Cardano is typically a laggard it never it always Hangs behind but this is a $3.50. It's a $4 crypto and it's gonna pop I know it's gonna pop when all the other stuff is run. We're gonna look around say what's left? What's still cheap? Oh Cardano and the money will flow in and it's gonna go straight up. So just you know, be careful I don't necessarily recommend that this is very low price of $2 and 10 cents Maybe don't sell at this price hold on wait for three four dollars and then Take some up, but it's just too cheap right now to sell and I'm interested what you guys think about that Yeah, and then well before I go on I will say this this is all investment opinion not investment advice Just three friends just walk just just shooting around but what James just said is is true And then I will here's another example remember XRP nothing Nothing was going on with XRP in 2017 Everybody's like this piece of junk is not gonna do anything and all of a sudden it pumped I think one of the last ones and it pumped one of the hardest and before you know what it was like top I think it was top five at least top seven in 2017-2018 it flip Bitcoin at one point in time Was so I mean if we take a look at that yes And again the things that Investors look at are the ones that aren't doing anything not the not the project are totally dead Like no one's gonna go by bit connect right now But like something that is like just doing nothing and very boring boring is sexy because when you will I'll just share this with you This is a this is a great quote Fortress arm fortunes are made by buying low and selling too soon So again right now there are some deals to be had and yes, you were probably you were never gonna hit the top I will just tell you that so but I mean it doesn't really matter because I mean even if you Hit 60 70 80% you're still gonna be in the money So I agree with what James says but just remember that's they're gonna pump at some points and that's just how I see it James can I send you a poster of Charles Hoskinson? Can you I First of all regarding Charles. He's a philanthropist, which I respect very much second of all he is funny as hell He's got a great sense of humor and he's just in real real nice guy. There's not as I said, it's a perfectly engineered platform They just have to fix some stuff. So We'll see I have utmost faith that they can do it. The market is so big There's a place for everybody. They need to carve out the niche. Maybe their niche is the continent of Africa Just to do whatever down there to help everybody get unbanked. I don't know what his mission is But there is a place for everybody the market is huge. So yeah There's a place for everybody and if you're making great gains, then good for you Nobody really wants you to buy just to one project those the days of like 2013 2014. Those are gone It's all about what's best for you and your family because our goals My goal is in James's goal and James goals and George's goal and all of our goals are probably not your goal So that's just how I see it. And there's one last piece of advice as well for the audience out there, too If you look at the S&P 500 over the last decade 80 to 90% of all the gains Happened with nine companies. So that means 491 companies Performed averagely or flat or down But you got to remember you got to identify who those top 10 out of 500 companies are and get positions in those winners Because all the money always gravitates towards the winning projects Think Google think square think Amazon think Tesla yada yada think of the top cryptos That's what's going to happen in this market, too Yeah, and then the last thing I'll say before we get to George is that even if you pick a couple of wrong Shoot, even if you pick seven out of ten losers Let's be honest You just got to hit the three big guys and whatever those are and you could more than make up for for your losses So if you're out there to think wash again this net do on research take a look and take a look at the team What they're doing if it has real-world case utility what kind of partnerships are they doing and then just kind of make a decision from there? And that's it George. What do you got? No, I that's interesting Statistics from James. I mean I hear about stuff like that You know basically like like if you look at winning years with this S&P or with NASDAQ whatever It's like if you miss out on I say like the the ten best performing days or 15 percent or 15 of the best performing days Then you would be like down Right, it's kind of like the same concept You have to make sure first of all you're in the game and second to James point holding on the players They are making all the money right and without those two things you just go be, you know, not making much But if you do Then you go be making a lot of money Yeah, exactly and then and then I'll say this like for me I just I dollar-cost average and I'll dollar-cost average out and this is my spreadsheet You can find that in the links. There's some I'm gonna be changing But it really it's the same thing and just like what George said I am not in the business of sitting on the sidelines like I did in 2018 watching if they're him go to a hundred bucks Bitcoin go to three thousand dollars and everything else just tumble I mean I have any money because I just let it sit too long I have to do these things and then let's finish up and then we'll get a little Q&A and we'll try to go faster Which cryptos are you guys still dollar-cost averaging? I will tell you right now I am not dollar-cost averaging any and I'll explain why after your answers, but George are you dollar-cost averaging and which ones and why? Honestly, I have been just holding what I have and building on my cash position So I haven't really bought anything within the last few weeks Yeah, James. Yeah, I buy things like chain link in the low 20s Polygon has run already, but if it does get low, I buy that too Solana right now my I still I always leave limit orders in cases of big wick down on certain names including Bitcoin Solana and Ethereum. So if the price is right, I'm still buying those, but I'm trying to also build up more of a cash position and I'm doing a lot of things like selling options against some of my equity positions to raise cash to Just have that opportunity if something bad does go down and remember everybody This is a very volatile market, which is beautiful because it gives us opportunities to get things at good prices Like whale manipulations like look at look at what Bitcoin did just even a few minutes over the last hour or so We went down to 59 5 now 60,400 $900 swing in minutes everybody if you as I say just be ready with your sniper rifle And of course you're not gonna kill anything But you can snag some Bitcoin and other names at really good prices. These things are manipulations the price is going up and These manipulations are conducted by whales so they can wreck people and grab their Bitcoin cheap But this is where we play the opposite game. So everybody remember that out there makes sense. Yeah So again, we're all different James is more more advanced trader options as a big thing me and George come dollar cost average and me Outside of these two gentlemen, I am not dollar cost averaging in because right now I'm trying to fund a Investment deal for real estate and it's a hefty seven figure number and Right now if I put it into crypto then I have to just wait But if I do that then things fall it doesn't really work out for me So right now I'm peeling off profits here and there. There's another big chunk I'm going to do but what I will be doing instead of selling my Bitcoin like I you know Did a while ago years ago. I will be taking out loans But hedging the Bitcoin with Celsius So I did the same thing for another property worked out great it took me like an hour to get the money that I needed and Same thing again, so I'll be doing those types of things but for me again What's your goal? Because my goal is this multi-unit property right now and then later on I'll wait for the big crash and go that way But that's what we have. Alright, so I hope that helped everybody. Let's get to some more Q&As We're coming up on the big hour, which we'll try to get out of here because these guys got a family I got to get to get things going. There was a good question Let's see George George sold all coins for Bitcoin at age. Well, yeah, who knows it'll probably do. Well, George didn't sell all those all coins There's always trolls, of course that Mr. True what people say including what I did so just oh, yeah, believe me I still get I still get the comment like Rob's a moron because he sold all his XRP and I will tell you the 30th time I sold it all I sold it all because it was a great Play for taxes because there's this thing called wash trading, which is illegal right and and stocks and equities But in crypto it's not I bought it right back So I'm still holding on but it was a great day for me as far as like what my CPA said actually helped me out a ton Let me see. Here we go here Well, you guys let me see if I can get this in Will you guys sing happy birthday to beardy? No, but happy birthday beardy. We're happy that you're here Beardy day crypto happy birthday, buddy He's a very funny guy. Yeah Let's see. Where are we trying to find all the super chats? but there's so much to go through and then I want to say thanks to mullet for Being the enforcer out there and making sure that nothing too crazy got through we appreciate him for doing these things Where are we? There was a question That's it. I know I lot I know I missed them But I know there was there was a couple questions. First of all hyperinflation and real estate. Will that be a big effect? James, let me see what you got for that one hyperinflation in real estate or will we come back down? Yeah, so in this market you want to own things that if you drop them on your foot you go out Including bitcoins. I imagine Bitcoin being heavy are these things like falling on your toe But yeah, so basically as inflation happens There's a little delta between the actual true inflation rate and the appreciation of real estate but if you have real estate in high-demand cities like think Austin, Texas, Boise, Idaho You know parts of Nevada, etc. People move to Florida to all the tax-free states You will see huge appreciation because it simply aren't enough houses. So hyperinflation. Yes We'll impact the real estate market and a lot of people are calling for real estate crash I don't see it because there's not enough supply and there's too much money and everybody's pumping all the cash into hard assets Real estate crypto, etc. etc. Yeah, and then people will say well, Rob Why are you getting into real estate right now because the prices are all-time high look Right now it still doesn't matter especially if we do in short-term rentals because the money's still going to flow in As people come into these areas that I've specifically picked. So even though that they are a little bit higher I don't really care so much. I care about the the reoccurring revenue that it gives me also for the tax benefits as well so there's that and then It was another question that came into me regarding do I still own chilies? Yes, I do. I own chilies about 20 cents or 25 cents. I can't remember. I plan to sell that 50 60 70 cents Um, and that'll be one of the ones that I offload same with h-bar. Is it look uh those types of names? And here's a question. I can't I can't pull it up for some reason But it says what do you guys think the price is going to be for bitcoin on monday? 63 I think uh, it typically you know, we're going back to the old ways where it bounces on sunday nights I think 62 63 is very possible again. We just got up 940 dollars in minutes So it's a thousand bucks. So that's what I say I mean, you know, I think uh this week is futures and options Expiration I mean options almost like every day now, but usually the last friday I know futures is a big thing options. So we could see some volatility But hey, let's see if uh plan b is three for three. He says 63 For end of october, right? So I think that's a likely number we end up at What of who knows we could be higher or we could be a little bit lower Starting monday, and then we crawl back by friday, right? So we'll see we'll see Then this is the last one the other ones Uh, I can't really pull this one up, but it's just about e-gold Michael condura says james. How do you plan on hedging bitcoin when he said he won't sell because of tax ramifications? So there's a whole bunch of ways to do it Uh, one of them is using options. That's one of the reasons i'm experimenting now with beto I bought some coal options. I want to see how they perform And then I'll probably put together some collars or some spreads to protect my downside within the range Where I think it's going to fall So imagine we go to 200k I believe it could go down to You know 110k or 100k from there. So that's a very big caller you want to hedge And I'll pump a video out on how to do this as well when we get closer to time I don't want people to get too nervous But it's important in order to hedge though you need cash and you need options authority in your accounts So if you are planning to do that and you're not experiencing options Don't do it because you will get toasted It takes a lot of time to really learn how to use it, but I will show you how I do it Not financial advice But we're just there's a whole bunch of tools out there like ledger x which was acquired by ftx is being rolled in Hopefully before year end as well. That's another way to do it too Gotcha And then last last one and I'll we'll wrap this up says love all three This is from jimmy dean my favorite sausage provider Last love all three of you guys. Thank you for what you do. I bought solo at 185 today If it's going to six or 700, why wouldn't you just grab lots of this? Lots of this before it dumps George, what do you think? Would you still buy this right now? Are you like we talked about? Well, it's it's like any crypto even if someone asked me Should I buy a bitcoin at 60 000 right? It I believe Everything's gonna go much higher, right? But that doesn't mean there won't be corrections and I don't look at t as much as james so that I dca in so I would say yes Because I believe Solana is gonna go much higher But you know it might be at local top it might it may come down But the best way to do it is just ease into it sprout your buys don't go all out all in at once and dca over long haul and That way you can't lose especially with a good project like Solana in my opinion Gotcha James last one. Yeah at about 70 percent of all of the money I've invested since September 1st has been into Solana maybe 80 percent And I've been just buying the dips on that thing all day long Right now where it is and now considering my cost basis is a little bit too high But I'd probably buy it 171 if it did work down there But I don't see I think it's going north the 200 and then straight up to 300 It's It's looking very strong and people You got to look at the the consensus out there Everybody's beginning to wake up to it. I think there was a guy Meet Kevin somebody shared a video he did a video on Solana yesterday So that's what I talk about the mainstreamification of Solana people that don't even know what it is is talking about It's kind of interesting so Gotcha. Well, great. Well, everybody I want to say thanks guys for showing up for the dca It's always fun always good and I will say this I'm glad we do this show because it's good to see different opinions and how we all do different things And I know that's uh, some people I might not be your cup of tea George and James whatever else, but there's always good information passed around. So thanks guys. I appreciate it All right, and that's it for today. Any last words of wisdom gentlemen for the week No, just buckle in it's going to be fun and I remain as bullish as ever Gotcha All right, sounds good. All right. Thanks everybody appreciate it thumbs up and subscribe All right. See you guys. How do you Are you turned off?