 But right now we'll do a little Q&A. I'll answer all your questions the best my abilities and we'll go from there Also, we're going to have a meet-up in Puerto Rico. I think at the smokehouse. I gotta see when Steven's Steven the is the owner when he's back in town So we'll do that hopefully this week and we'll drink our sorrows away and we'll eat too much and we'll Talk and should be good times and I'll let you know when that happens probably Wednesday or Thursday Maybe Friday who knows but Q&A time Ask all your questions now and we'll go from there if you got to take off take off. Thanks for stopping by appreciate you Good times. All right. It's my favorite part of the show Who Hector? What is not just Hermanos? Good evening brothers Toby says I'm trying to learn we're all trying to learn let's see All the Hector come with us all the study in Let's see. I don't know if that's true, but it could be Mike says but Sam Bacon was a Sith Lord train by Soros I don't know what's going on. I just I've just been in this game along enough And I think we have all lived through the Celsius Voyager debacle so we kind of know the what time it is so if you're stumbling along this video Congratulations, hopefully you won't get rug pulled and now is your opportunity to take things off of crypto off the exchange My kids are going to college so I'm going all in a hundred X leverage I'll be honest with you sometimes college is overrated. I mean if you're gonna go there for you know Electrical engineering and doctors and lawyers sure I got you but some of these some of these degrees I'm like Did you really need to go to college for that? Just saying that's just me. All right Jarkie is awesome. Jarkie if you hear I'll take a lifeline where it didn't happen Oh, no, I Know folks are to panic about Crimbo selling off their crypto to heavy loss for for pennies on the dollars for the kids in a Monster turkey. I don't know Yeah, it happens a lot. Ah, thank you Vicki sentiment link. There's the I think I like that description as well But the the Ethereum issue 47% Those two nodes are Processing for some isn't all the blocks are just kind of crazy Jarkie did it again. Thank you Jarkie for giving everybody Memberships we all appreciate it. So everybody thank you Jarkie in the comments, which you would great great great great great Yeah Staking it with Dan is the only thing to do these days the rest is nice This is to me like the bear market is kind of like squid game It's just like just to see how much how much you can take to see the year portfolio dip and dodge and dive and and just go down Across for years and just see if you can take it to get the other side I mean if you've been here since 20 2011 12, you know, I'm talking about or even 2016 17 You know what I'm talking about. It just takes time and then as time goes on you're just like, well, glad I did what I did I was as Ben is a turn case subscriber James for Vicky when are you gonna get more? I don't need more. I'm very happy with where I'm at right now. I like the people that come here I don't have a lot of tourists. I get people who understand the process and I appreciate everybody. We're just here to support each other just to get to the next Next stage. So I get some more I get some more What'll happen is the bull run will come up and I'll get a bunch of more subscribers and they'll suck They'll and I'm gonna tell you why because once I get new subscribers in a boat Love them in the bear market or the bull market then they start telling me that I don't know what I'm talking about because I'm a boomer hints I'm not and Everything's gonna go to the moon and now there's all these whatever this time is different and I'm gonna I got to sit here I'm like, okay bite my tongue And wait just wait to the bear market and then here we are again. So I'm happy right now with you guys very happy Oh Jerky says never pay taxes boys moved to Monaco stop to help the capitalism keep robbing. That's a good point Go to Abu Dhabi. That seems like be a new hot place Coming to Puerto Rico. We could use some people over here We could definitely use especially when you move here and the different charities that you have to To give to one of those being protechos We need that here badly. So we will welcome you with open arms Also, there's a big boom here for solar panels and solar construction Just saying if you're into that, this is your next big place Good lord, that's funny. Ah Thank you, Vicki disclaimer not financial illegal attacks advice chance round-the-hand purposes only just an opinion Dan Is not an expert obviously or a financial planner perform your own research. Thank you Vicki on top of it as usual Yeah, David says I like you go. He's honest. I think yeah, he seems like a pretty good guy and again I was just I made a mistake yesterday. I thought I was talking about 2023 like Draper was talking about 250 K in the middle of next year. Do you think that's gonna happen a bit? I don't think it's gonna happen. I could be wrong, but use goes like he's like, yeah We can see 200 K in 2024 25. I'm like, yeah, it doesn't make sense. So I Don't know who this is have heard about Nikolai Moshege and over there. No, I did hear about the maker Dow CEO drown here in Puerto Rico So that was awful See So Heinz says if the FTX has financial problems, perhaps vote no on their bioproposal. That's a good thought But here's a thing I'm so gonna I'm gonna vote yes because I went out of this situation with with Voyager I know people are like I'm gonna vote no and you can you know, it's fine But I just want to move forward and and get 72% back of all my crypto The value that it is and over the 20 days that they're gonna say it is and just move forward I think right now is a great time to buy crypto. Could it go lower? Yes Could it take off? Yeah, maybe but or could it just be flat for the next year or two? Yeah, possibly, but I think right now just just Investing and just taking it slow and not investing more you can afford to lose not keeping things on the exchange and just waiting it out I think is is my best option. Maybe not for you. Ah, this is great Uncle Rob, what's your best trade you want to build wealth in your opinion? Just be patient and it's just like the army Like I if if Neville's here or anybody's in the military, you know, I'm talking about All you gotta do is show up with with the right uniform and you get promoted That's pretty much what that's the secret and it's a very boring secret So like as far as building wealth First of all like to me I look at like what's the what's the risk-risk-reward ratio here Like I can put my money into bonds and get a whopping 4% which is true And it's very very safe or I could dabble into equities or I could put a good amount into real estate Or I could do a decent rough amount in the crypto and I do all those things Except for the the the treasury bills. I don't do that So like in this situation, I just say like wait it out and then you have to understand is that I Didn't make all of my crypto gains in Bitcoin. I know shocker, right? So I know people especially the Bitcoin max will say Bitcoin is the only way right now in the bear market There's a lot of Bitcoin max. He's being being minted that is for sure But for me in 20 after I got a 2018 the nonsense that was 2018 and 19 and 20 I put a lot of funds into altcoins and that was a bigger payoff. It's very risky and Like I I mean I put I put a lot into Luna remember Luna. Yeah, that one and Thankfully I follow my own advice. It took profits along the way ruled that those profits into Well, this house actually and then some other condos here in Puerto Rico and worked out great But then as soon as I got done with that, I started to dollar cost average again into Luna lost it all Yeah lost all that so again, it's very risky and that's that's what I'm gonna tell you like Take it slow realize the risk first reward understand that there's sometimes a basket You might want to look into and unfortunately, I Said it like it's financial advice. It's not it's just the truth, you know But you have to decide what is your risk talents? I don't know your situation Yeah Huge thanks. There's less news. Well, it wasn't as mean was like everybody, but thank you I appreciate that it was quite scary getting some Bitcoin after it took eight hours. That's a long time Different definitely will be more careful in the future. You know, it's even scarier When I did that video on Celsius June 12, I think it was I Put in an order to take off because I had for Bitcoin on there And I said, okay, I'm I did a chest transaction like I was talking about and then the next one that came through and then I put an order in for three and a half Bitcoin to be taken off and never came through So I've got around for Something Bitcoin stuck on there. I have six figures on there actually No, no, I mean for me. Probably clean as well. I got a guy does that. He's awesome Yeah, Catech Coder says Rob the day of SPF and Eric was excellent Eric truly wants essential essential independence for everyone. That's BF wants to make a profit. That's it. I I Watched it. It was interesting and that's pretty much it. Unfortunately. I have to tell you guys. I like profits, too I think I think most of us do but I do Want to see us get away from the old version of the things that we've done so far because I think in the next evolution It's we're gonna need a lot of decentralization and there's a Great video we we took a look at it was a Congress hearing forgot the guy's name But he was talking about why we need decentralization and Bitcoin in general and it's the very first video I have what over on Dan teaches crypto comm and really just comes down to I mean everything is centralized Look at all the things you have to give up for having Centralization first of all, I know the banks aren't the greatest, right? It's if you're in America, it's not so bad But to move money around the world first of all you is always a middleman You got to be you know, someone has to be there someone has to approve it And it can't be so much and there's fees involved with that which is fees with everything But it's kind of exorbitant as you start to move a little more money around and then also How many times has your personal data been hacked or been leaked or something like that? And that's all because of centralization everything stuck on the cloud stuck in Google. It's stuck on all these different companies and When we have decentralization it's very hard to hack all those different things I say that with a grain of salt because look at pretty much a ton of the DeFi products like it's not that hard So these are the things there's pros and cons of everything, but yeah, got it. I gotta agree with you on that one Although I do think Sam Sam's getting a bad rap right now. Let's let's let's take it back a second We just talked about it, right, but we can't throw one of the bus all the way You know, he does have this This ideal to give away all of his wealth and he does talk a lot about helping out The little man and and the person out there. I Know I should learn my lesson after Mishinsky came and lied to all our all of us on our faces But I may I know it's gonna be hard to believe but I am an eternal optimist and I think in the long run things work out so I Don't know I think I think right now FDX is gonna go through some problems and all they can tell you is to don't be there when You know The last song is played. We'll say all right Robert you said before your station at Fort Leonard would because you ever hit big Louise never hit big Louise those days basic training worst plays ever Let's see that has good news. Yeah, that has some good news. I don't know what it is, but you can share with me So polka dot last thing I heard was Dr. Gavin would step down which I thought was a great play as the CEO and start to move into Moving polka dot forward what he's best at so yes SPF is an ex Voldemort, okay, I think slanted will go more down because of FTX foot, you know, it's interesting What's the what's the price of slant? I saw that they took a huge hit I Was after some really good news one of those is that Solana was was picked up by Google To help them with cloud service and they were going to be running nodes and on top of the fact that they partnered up with Facebook or meta for the Instagram NFT Minting and selling. Let's see Solana whoo Well, it's not like it's bad bet it down six percent But polygon, baby Yes, I own both of these I own Solana polygon so that's It's called the diversification works out pretty well, so do I think so I'll go that more down because of FTX but well, I mean That's Sam's big play. Do I think it will I could Not pretty entirely for sure. I will tell you this I don't know which way it's gonna go but It's good for me like as it goes down Usually my my DCA Plays trigger in the morning, so tomorrow morning. I should probably have a pretty good deal I was on a K wrenches Let's see. I missed boomer by one year and I think that's it. Hold on. Ah Here we go Jane Chow always answered that the good questions. What do you think of element research being the next triple? Three arrows capital and they acquired Voyager with probable Insolvent assets and what Jen Chow is talking about is the insolvent assets being a couple of things one of those is the FTX token FTT The other one is that they have it locked up also on top of that. They have almost a billion dollars locked up for Solana So man, I hope it's not the case. I hope Sam is you know, whether in that storm He can actually push things out, but I gotta tell you over the last year or so I mean since June it seems like everything that's The worst-case scenario seems to not the worst-case, but if it's gonna be bad, it's gonna happen and If if FTX becomes insolvent you can kiss that Voyager deal. Goodbye. That's just how it is. So Can we get a death spiral? I don't know, but I will tell you this if if FTX goes down That will hit repercussions throughout the entire crypto ecosystem and we'll start to see I Mean projects just go down left and right not through any fault of their own I mean you saw like a theorem is doing great things or building I mean Solana's got got picked up polygon is everywhere. I mean Cardano is doing their Cardano things But it'll drop everything and maybe even Gareth Salloway will say Gareth Salloway says yeah I think we're gonna see a Bitcoin 3k, which is worst-case scenario You can potentially see that if FTX goes down correct me where I'm wrong here But if that's just that would be the third centralized essentially exchange I know I know sales was really wasn't but that'd be the third one And under a year and that's a huge one. Do you want to know how big they are? Let me show you something on nomics there's a website it's called nomics.com forward slash exchanges and Let's see we got it here And as you can see Let's take a look at the volume so We can sort of buy volume in the last 24 hours Binance is always on top 64.68 billion. Okay, pretty good Okay, X 12.48 billion and FTX is 11.4 billion dollars in last 24 hours and they're always in the top five Always and that's just just the volume itself So again, can you if you want to if you think that now I won't be that big of a deal. It'll be a big It'll be a big deal however Did Bitcoin get hacked? Was there a double spend? Did Vladimir Putin come out and say I I created Ethereum? I created Bitcoin Was there any enormous hack on a layer one Now it really just comes down to the centralized exchanges and I got to tell you after the after sell his and Voyager The one things that really did well I know there's been hacks on different B5 protocols But at least those at least they held their end of the bargain for the majority of different things So just remember this There's a difference between us hitting just this this huge slide because of Maybe green arrogance and hubris from the the powers that be up above and in certain exchanges As opposed to what the actual products are doing and I need you to make sure that you understand the valuation of What's happening and where things are going remember? There's a reason why a black rock with its I know much trillions of assets under management six trillion assets or management There's a reason why fidelity with three point four trillion assets under management is here and getting into crypto and actually Offering retail free trading for Bitcoin Ethereum. There's a reason why mass mutual doing the same as dipping into crypto There's a reason why one of the oldest banks in in the US BNY Mellon is also offering crypto to its customers There's a reason for all these things. There's a reason that president Biden commissioned a task force to understand crypto and digital assets how it's going to affect United States a whole commission on it a whole team Because I know it's going to be the future So just be aware that if things fall apart because of an exchange It's not because of the the projects a lot of projects suck But some will do well and that's why I spread things around go from there. Yeah, man Mentorimia carditis. That's funny. Thank God for dex's government wants to regulate them out of existence, but good luck with that Yeah, it's very tough. However You can't regulate the dex's but You can regulate a certain wall especially hot wallets and you can also regulate the on ramps So remember that although I was thinking about this You know We're just the post office here in Guainabo and I saw a sign for Bitcoin ATM So like I mean the prices are ridiculous and it's it's kind of over inflated for the price to actually use a Bitcoin ATM But once you do that and you have your Bitcoin and they send it to your wallets, right? You can do whatever you want to in that regard and no one's gonna do that now There is a limit how much you can actually buy at those ATMs after that I think they have to go to like KYC product correct me in the comments, but I'm pretty sure it is But if you do it slow enough crossway, no one will ever know you were there. Yeah Yeah, well Okay, so mentor says SPF wants Dexter to be rather he did initially But then when he had the debate with Voorhees and he took a look a step back He's like and he can read his tweets. He came back said maybe that was incorrect Maybe that's not a good idea for Dexter really now. He may have conned back again and flip flop I'm not for sure, but I mean good luck. Good luck with regulating dex's for sure wallets, you know, okay But that's what the free market's for create a wallet that Use where we want to ah, it's a good point. I never thought this Ingeri says I think the failure of FTX would solidify Coinbase and buy and finance the top two for a long time Well, like Apple and Microsoft It's a good point. Actually, I use Coinbase right now Coinbase has this this promo Where you can it's called a Coinbase one. I think it is you pay like It's like 15 bucks a month or 10 bucks a month one or two and there's no Fees there's no trading fees or no buying fees or anything like that up to $10,000 So that's why I get away with dollar-cost averaging every day I just pay the 15 bucks and pretty sure it's 15 bucks and then everything that's All the all the charges they get wiped away with that's with that free service and you can sign up for that on Coinbase, I don't have a link. So sorry But you'll find it Let's see Talking about Ben and James in a fist fight. It's funny But with the Google partnership so on it has some some hard long-term game. Yeah, it's very true And change has says it correctly. That's why I was gonna screw up everything. It is But again, the products are still good and that's see This is the beauty of this is the beauty of dollar-cost averaging as opposed to like going all in You can do you can go all in my friend Diddy from the Bitcoin family He did that in 2017 early worked out great for him, right? Because he got in Bitcoin at $1,000 These days a bit more difficult, right? It's hard to hard to say that But if you went all in let's say when Bitcoin was 30,000 you probably felt like a genius You're like, ah, well, I want to you know, 67,000 awesome If you would have sold great, but a lot of you didn't because you know, we get greedy and that's Why you watch these channels so you can figure out exactly what's a good time to you know, take profits I can't tell you when but I have a video on it. Anyhow, so I Just think that When you DCA like right now like I don't have a worry in the world so I'm like, okay Well, it could go down the price go down But I didn't dump a bunch of it because I'm actually dollar-cost averaging less because I don't think we've hit a bottom yet I just didn't So I'm dollar-cost having less and tell like we go down and then I start to what's called dynamic DCA as we drop 20% I had 20% to my daily and weekly allocation if it goes on my 50% You get this you get the drift and we go from there Chris says why would Binance want FTX to collapse and do massive damage to the whole ecosystem? That will damage Binance and put the market back for years. I will tell you one thing though it would put them back, but sometimes well if you want to If you want to be Monkey of alien and just say well, this is just a person or individual or a group who says well It's actually good because now we have less competition Peter Teal even says it he goes What do you say he said? Competition is for losers. He goes go into an industry where there's no competition Why would you want to go where there's a bunch of competition and right now there's a lot of exchanges out there? So if it does collapse, I'm not saying it wouldn't be bad for Binance. It's probably be pretty good in the long run Just saying it's a good point Scary though, but yeah, probably so Tony beg Coinbase pro accounts are being converted to Coinbase accounts. Thank you. I haven't seen Tony a while Tony's one of my old OG's from back in the day Yeah Zeno says I gotta join a work meeting at one minute Zeno, so you shouldn't You shouldn't be watching and at work, but you're quite quitting. That's up to you Thank you Tuesday's Wagon fire for the $2 super sticker. I will be able to buy a lot of A lot of Luna classic with that a lot of Luna Clinton class Yeah, so Jane Ches I heard a coinbase one is a ripoff version of coinbase pro this but it's terrible for trading You will buy it at a premium price. I heard you don't really buy to the premium price It's like a look at the different different spreads coinbase pro. Yes You do get a better rate just using coinbase pro. However I'm lazy And I like to just set it and forget it as far as just for my my dollar cost averaging every day So I just set it up and that's it and I pay a little bit of fees and I'm okay if I If I had to pay an extra 20 cents So much the better, you know, I'm not paying $50 extra or something crazy like that But you're right coinbase pro has a better spreads See, I think that's it Yeah, you might not like black rock if they trust coinbase, they're doing my bet is they did their due diligence Same thing with Michael strategy. So coinbase custody is doing that for them Well, that's interesting. I'm gonna take a look at that There's a bitcoin atm that requires no personal info 3000 usd per sim card. It's unlimited Just need a cell phone and a bag of sim cards Oh, maybe not god, I gotta tell you I think that's it guys For the questions, but thank you. Um, I don't think we could handle another lunar Celsius here. That'd be crazy That'd be crazy. That'd be tough and uh, that would really cement Who could really take it because I gotta tell you this has been like 2018 and 19 They were pretty tough years, you know, but we didn't have I mean, we had mount gox in 2014 Get hacked and everybody lost their bitcoin so far but um You know, we didn't have essentially like a voyager or a Celsius just collapsing And taking everybody's money that was a big blow and then luna, of course, it all started with luna We knew luna I mean projects come and go right But absolute collapse. I guess the the next biggest one would be Bitconnect, but that was just a straight up Ponzi But I gotta tell you this was been this has been so far one of the worst and toughest years to take again When in doubt zoom out and just think to yourself, well, you know I'm here for, you know, a little bit of time And I don't spend way too much and I can't I can I don't want to afford what I can't lose Should be okay. It just takes again Boring time. That's what it comes down to and that's it. So look everybody That's it for today. We're coming up on 50 minutes. Thanks for stopping by. I appreciate you guys If you like today's video, give it a thumbs up consider subscribing I think it's talking about our very time sensitive, especially things that are going on right now But that's it. I'll everybody know about the Puerto Rico meetup. We'll do all that Hopefully this week and that's all I got so thanks so much. I appreciate you guys And I'll see you on the next one adios