 Great well, I'm Israel asset news to get top stories and crypto and bring out a bite-sized pieces today Just the thumbnail suggests we got to take a look at exactly why That these whales are selling and you can to not that you should do so the question is is Rob a clown. Is this what it really comes down to now? Maybe we'll take a look So we'll take a look and we'll talk about getting the full story. We'll talk about how the markets are correlated We'll talk about the two things to learn from yesterday's DC a show We'll talk about finally Why this whale sells but mostly buys and lastly we'll take a look at taxes if you're coming up and a little Q&A So hold all your questions until the end. So first of all the question really comes down to this and it is a big question, which is that title that I put out there which was should our Whales sell and you can too and people will look at this and then be like that That'll just go crazy Rob must be a clown because I can't believe he would talk about this and he would say that I Can sell and then everything else. It's not about that. It's not about that. I put on this ridiculous filter to prove a point you have to get what I call The full story before we do anything else. Let me just turn this off for a second And really comes out of this look you have to take a look at the story behind the story about what's going on There's a little there's intricacies everywhere So don't be too hasty. Let's take a look at some information. So first of all, let's as a point of reference today It is a January 29th of 1250 Why NABO Puerto Rico time looking pretty good so far the Markets a little bit up not too bad Although when I was doing when I was doing the research for this one It was over 1.8 trillion dollars now We've taken a little bit of a tumble at 1.784 So everybody is they're buying and they're selling and right now there's a little bit of a push upwards bitcoins up a little bit Yay, Ethereum 3.4 percent Cardinals up a little bit Binance coins a little bit down and across the board a little bit choppy avalanche doing pretty good 6.8 percent and so on and so forth so When I talk about getting the full story, this is this is actually what I mean So there was this great article About Arizona considers making Bitcoin legal tender and just like what you saw, you know with The title itself there's different layers to this because when I see this you're gonna hear this all over the place and Different youtubers and on Twitter and different social media like this is the greatest thing ever Well, it's kind of just for show and this article was put together by Casey Wagner And you can follow here her over here on Twitter a definite follow And I like what she did here because she she states the facts Which is what everybody should do and then she takes both sides of what's going on to make this a reality And in could this actually be a reality or is it just for show? So here's what we got as far as this article goes and it states Let me go back down there again. Whoopsie there we are so a State senator and Arizona has introduced a bill they'll make Bitcoin legal tender Arizona State Senator Wendy Rogers Republican District 6 Introduced the bill which seeks to add a statute to Arizona law making Bitcoin a legal currency on Tuesday That sounds pretty good. That sounds great. I think everybody can appreciate that. That's just a more ammunition to the fire but wait the coinage the US Constitution might make passing the bill a challenge and this is a statement from Preston Birn Bern partner at law firm Anderson kill first of all, what a great name for for a law firm Anderson kill And he states the coinage clause the Constitution means that the power determine what is and isn't Legal tender in the US is the exclusive province of Congress if enacted the bill would be Largely symbolic in the 1800 states tried to work around the coinage clause by issuing their own state bank notes But they have little success in the National Bank Acts of 1865 and 1866 Congress effectively put an end to the practice by placing a 10% tax on payments Made in currency other than national bank notes even the bill does become law in Arizona Which hey it might and might actually do that It's unlikely to have much impact on usage of Bitcoin in the state So states parents so Arizona could certainly pass a law like this and the state government could choose to accept Taxes but this would not change the legal treatment of Bitcoin as property from a federal tax perspective So I will just say this For Wendy Rogers here for to put this on the docket and try to get it passed is great Any news is good news anytime that we hear about Bitcoin This is just like what Ben said over yesterday for the DCA show. That's good news for us But for this to actually really have any kind of weight to her effect really isn't so much of a big deal as Is laid out in this article Given to us by a legal representation of what they think could potentially happen. I think it's great I think it's good, but I think people are gonna blow this out of proportion I don't think it really moves a needle that much Under the fact that maybe just a little bit of sentiment So remember when things come out just try to get both sides of the story just to see exactly where we're at and not You know go headlong and go wow legal tender in Arizona. I should probably load up Well, it's up to you But these are the these are the stories I like to see that are actually weighted and actually have to a pain So let me know what you think about that in the comment section and let's move on to our next piece The markets are correlated in this real quick. I actually tweeted this out this was this morning and Again, it was at Same price roughly thirty seven eight here. Let me pull this up so you can see it Thirty seven eight. It's amazing. I'll go thirty seven five. So we're down a little bit actually and We're taking a look at this there's a little bit of an uptick because of really what's happening with The NASDAQ look at that. I mean we had a nice little rally there yesterday and also the S&P 500 And we see this again and again and again and I can just tell you like some people say well, Rob It's not really correlated with the traditional markets. I'm telling you right now Like when the traditional markets go up We will go up and that's really what it comes down to so if If we're rooting against the traditional markets really shouldn't because this is really what it all comes down to and I think there's just so much overlap and I'm not a big fan of having a our market correlated with the Traditional market, but hey, we did say did we not that we wanted that institutional money to come in that also includes hedge funds And things like that and what market is open 24 7365 well 4x and also our market So if we want the good all that money to slosh around We also have to take the bad and unfortunately that's what's gonna happen So take a look at the NASDAQ and and as these traditional factors come about just be aware that there's gonna be some Volatility moving on. All right so that's what we got for that one and then This is just a follow-up from yesterday and this was from our DC a show Which we did we do every Friday. This is me and James from over and best answers and bent from into the cryptoverse and I like about this one There's two things I learned first of all don't Don't have your You can see it your dog in the right hand corner Just going along doing whatever they want to do Because it'll just it'll it'll be a nice little Remembrance but hey at least you know it's not a green screen that I'm using and the second thing that I learned from yesterday's DC a show and this is what Ben Was talking about he was talking about whale number three and he kept saying well number three and well number three This is there's this well number three that keeps buying it keeps buying keeps accumulating and then and then they've been selling me specific times And I was like well that's interesting and I got a lot of questions for that on Twitter What was been talking about about this whale number three? Well, glad you asked so there's this great article and it states this was actually in January 6th, so a couple weeks ago or so and it says back again the third largest Bitcoin whale Swallows up another 24 million worth of Bitcoin in their dip and just goes over And I linked this in the description so you can find on January 4th The whale's address at another 372 Bitcoin the sum was purchased for was you know X amount of dollars This is a follow-up as they've been accumulating and accumulating accumulating But what's more important than the accumulation was when this whale specifically has sold so I link this Article in the description if you click on where it says address It will give you the whale number three address and that's the address right here so then you can copy that and you can put it over on bit info charts and It'll show you all the transactions for that wallet So very easy to do give you all the links you can do it yourself bit info chart BIT INFO charts comm and you can see everything and what I want to do is I just want to break down What this whale has done because the question I always get from people is like well whales move in the market Oh, yeah, they do I mean, let's be honest that they they do but there's some some interesting tidbits of information We can gleam from what whale number three has done. First of all, let's look back at the very first transaction. This was on February 5th 2019 2200 hours and whale number three They bought three dollars of Bitcoin three dollars worth of Bitcoin When it was priced at three thousand four hundred five dollars first of all, what a great time to buy Bitcoin February 5th 2009 sorry. Yeah, February 5th at $3,400 let me do some quick math It's like only like three years ago three years ago and you could have 10 acts in three years It's not bad being the S&P 500 and then what I like about this is that? They've been dollar-cost averaging which is adorable at $20 and then at $9. This is how much they bought Over the over that time span just you know, just a couple days just this just to feel it out See what it is and then they did something that me and you can't do they dollar-cost average of three dollars at $3,400 20 at $3,600 nine bucks worth at $3,600 and I say, you know what this works pretty good Let's drop four million 44,719 dollars at $3,600 Okay, so they did that and then it looks like they like well, maybe I bought too much or maybe want to test this out Let's see if there's there's a little liquidity. So On February 13th, they sold a hundred bucks worth of Bitcoin All right, so that's so now you sold at 3,600 and actually you lost this is the profits You actually lost a little bit and then of course then they're like, okay liquidity works pretty well Let's see in six six hours. So let's buy another 19 million or so and just start stacking So what I want you to notice here is That whales sell and I know that's that's a ridiculous example, but we'll get into it Don't worry, but as you can see what this whale and a lot of people doing they Do accumulate quite a bit. So this is from 2019. Let's just look up see everything in green right here This is all just dollar cost averaging Plus 493 plus 943 Bitcoin now we can't do that, right? I just can't pick up the phone and play. Hey, find me 327 Bitcoin. I can't do that But you can see along the timeline like here August. You say, you know what? I've maybe I should sell a little bit Dollar cost averaging maybe dollar cost average out Maybe take some profits along the way because look at what they the very first time that took profits was in August When it was selling for $11,000 So imagine going from 3,500 to 11,000 you're probably like, you know what that's getting a little bit crazy Maybe I should take a little bit of profit so all the things that we hear and the reason why I did this video real quick is because I Didn't realize this until I did a poll and the poll I asked was How long have you been in crypto and the majority vast majority was 2021 and I'm like, what? 20 that's a that's pretty early. I've been in 2017. So we're playing a little bit different games. We just are but The new people that are coming in are gonna hear the same mantra, which is diamond hands diamond hands diamond hands Which is exact same thing that I heard in 2017 diamond hands diamond hands and you can't get away from it You just can't so when people are talking about that you're like, I need to hold forever That's not the case and on this channel. It's not investment advice just investment opinion But what I'm doing is like I fell for that too in the beginning in all honesty, I think that there's a there's a better better way to do things and We can just take a look at what the whales do and that might be a little bit what might be considered smart money Now am I saying to sell today? No, that's that's what I'm saying I'm just saying that it does happen and it can happen and it's okay to sell a little bit We all want to change the world right but Be nice to actually change a little bit of our lives first. So Let's just keep going in here. All right, so we've got this Little tidbit of information and then here's another interesting part, right? So on September 5th and September 4th They sold another big massive amount a thousand seventeen hundred eighty-six Bitcoin again at around ten thousand And what people asked me is like well, this was in August and September So the question then becomes well do whales move the market they do and are they right every time because That's a lot of money right ten thousand five eighty So if you take a look at September 5th 2019, which is I just went from September 1st 2019 to the end of the month 2019 They bought around what was it they September 5th? They bought around here. It's number fifth ten thousand and They bought a they sold a bunch right and there was a little bit of it down here Now on the sixth it dropped a little bit 10 300 And then over a little bit of time a couple of weeks or so then it really went down Right and then I just moved sideways for a bit. So okay So there's that part right okay the maybe the whale moved the market. Let's just let's just keep coming up here How about this one? This one's interesting This one now Everything's gone down now. Now remember they're they keep accumulating after this they sold and it went down 674 1250 12 29 15 53 20 a lot of Bitcoin, but this point was like hmm something's going on Maybe I should sell because maybe they got some information made a do a bunch of ta Maybe somebody from the White House tipped them off. I'm just kidding. I don't know so Down December 18 2019 They're like, well, let's sell some more Let's sell 3 000 bitcoin at $8700. Okay, so let's take a look I have that between December 2019 and January 29. So they sold On December 18th and January 14th So they sold around here, which wasn't that much Right and they sold Around here, but it still went up and it went down a little bit, but then it went up A lot more than what it was. So remember just in a little bit of short of a time frame I didn't really drop too much on actually I think they missed it because Price still went up, but again They don't care. So like, okay. Well, I took profits along the way I will never sell at the bottom and I will never sell at the top. There is no top There is no top if you if bitcoin goes to a million tomorrow and you sell it Guess what? Somebody gonna tell you you're a moron because it's going to go to 2 million. Okay Again, keep going forward here Little point of reference This was at $8700 then here something They were buying buying buying when it was 7,000 9,000 7,000 4,000 5,000 Then around 6700 like let me offloads a little bit because I need takes and profits negative 1500 bitcoin Okay, that's not bad and then Again, they started to accumulate When bitcoin was 7,100 6,800 8,800 and then around when right below 10,000, let's sell 1500 bitcoin Again, that's the hundred bitcoin. This was in july of 2020 and they sell again So then they're like, hey, I'm doing pretty good because I'm I'm buying here around 5,000 6,000 I'm selling around 10,000. All right. I'll take it and then let's keep going All up here. I want you to notice something. See all this green This is just straight up dollar cost average just crazy amounts that we can't do And then of course, there's a little bit of sell off here. All right, all right And keep going keep going lock at all that green But they do take profits along the way because nobody ever went broke taking profits Now we get to the interesting parts You're doing a lot of dollar cost averaging But once it hits these these big numbers, look at this October 5th They sold at 50,000 october 7th 8th and 12th They sold 6,070 500 bitcoin That's a lot at between the prices of 50 and 56,000. That's an october october Yeah, which looks to be around right here So did they miss it? Did they or did they hit the top like everybody wants to tell you that that they can predict which they can't october 12th and the 5th so let's see So they bought her they sold around right here at 56,000 Ah, they didn't do so hot because guess what it went up to 66,000 Then it dropped a little bit And up here, but then I went to 67,000 just couple of weeks three four weeks later Oh, that's a bummer. But again, it doesn't matter because just like Nathan Rothschild states fortunes are made by buying low and selling too soon. So Lastly, I will just say this there is one thing that did was pretty amazing to me which was these ones right here at 67,000 They sold 1,500 bitcoin. That was pretty much near the top that you can get. I think the we topped out at 69,000 But again as soon as they sold As soon as they sold at 67 510 They started to pick up a little more bitcoin and just went right back in To accumulating and accumulating and accumulating and they sold what they sell here one bitcoin watch out and accumulating and accumulating so That's what we have for that And again, remember that quote. So that's why I wanted to bring this to your attention to talk about whales are selling and you can too I was very specific in how I worded this because I didn't want anybody to say Rob You're a clown You came out here and you're telling me to sell and and because I was going to say Whales are selling you should sell and that's not a good idea So I whales are selling you can sell and you can sell and it's okay Just dollar cost average now again If you're coming in 2021 Ben made a pretty good point yesterday And he talks about he goes a lot of people make their They make their fortunes Maybe not in the first bull run, but maybe in the second one and during this time This is when millionaires are made and that well number three He's doing a pretty good job All he's doing is just accumulating and just being super patient Then when the price, you know hits a specific point when it's going up pretty crazy like They better take some profits. That's it. I'm telling you what to do I'm just telling you that's what this whale number three does. Let me just think about that in the comment section and then Let's move on Oh, that's it really. Yeah. Hey, it was that one pretty fast Tax is coming up Q&A Again, hold on your questions. Let's see. So oh one more thing I'm doing the update to Puerto Rico living video All the things that I've discovered since moving here in april the things I would have changed and the question is What I do it again, I will tell you right now. I would do a lot of things differently and I'll talk to you about that in the video One of those are the people that uh, you know, you should trust when you come over here and uh, you know For as far as legal advice and stuff like that. So that's going to be a big one I'll put that out. Also, if you're in the good old usa, guess what you got taxes coming up So just remember that uh crypto trader dot tax when I use I still gotta do taxes I still have to taxes for my businesses and uh as it relates to cryptocurrency so Uh by the time I set this up and and ship it off to my cpa the very first time I use it took me 30 minutes So what I would recommend And I recommend this because I use it. I still use it. There is a uh link There's a link in the description. It looks something like this and you click on there There's uh, how to use video and explainer video And there's also a 20 off code so you can use crypto trader dot tax And uh, that's all so let's get into some q and a shall we? All right That tax is big I'll give you one more, uh, you know on this on on this channel, I don't like to do a lot of the Hypey stuff because I could it'll be and people would love it. I'm telling right now. I used to do, uh Like uh like crazy price predictions. Uh when I first started and it never went off too well so like when you Just be aware of the the people that do all the hype and stuff because it's just good for for viewership And they're gonna talk to you and like ah It's gonna be moon and it's gonna keep going up and it's gonna be awesome We're gonna come back down and it doesn't really work like that. So, um, just remember that Besides that I'm just trying to give you both sides of the same story. So that's what we got All right, q and a It's a good question Uh, good day, Dan. Good day. Are you worried from the macroeconomic point of view regarding the imf plans? For s dr's. Look the imf has a lot of plans International monetary fund has a ton of plans and a ton of different things they want to do first of all They wanted, uh, I will tell you this. Uh, they told el Salvador. They better not They better not put bitcoin as legal tender and if they did that they would uh, not Bail them out. They wouldn't give them any loans and el Salvador says no, we don't really care And we'll see how that all plays out, but it's amazing to me that different countries are looking into it turkey being one of them I believe the mayor of Rio de Janeiro in brazil says he wants to use, uh, bitcoin as legal tender and we'll see how many how many other ones it comes on the pipe and We'll see so do I have a A concern of imf. There's somebody moving parts and somebody things to see it's very tough and uh, that's what we got I'm not too concerned right now unless they Do something crazy, but we'll see. I'm more concerned about the The bill the recent bill that's going to be that's uh being put on the floor of congress called america competes Because if that one goes through and I did a video on this a couple of days ago And I told you to contact your congressmen and women because that goes through they can shut down crypto exchanges and crypto in general as long as a treasury so seems fit so That's it the biggest loan sharks imf Hey danners, so welcome new member. Thanks so much Rob any good guests for a clean dc of us late turn on george. Well, I don't think we Guests maybe but we're kind of packed with just me james and ben and george is george had to step down because he's look george does like two streams a day And he also has another youtube channel which deals with vehicles. So he's like i'm kind of burnt out and I was like, yeah, that's okay and that was it So if we get a guess I'll let you guys know I will have uh, steve urlick the CEO of voyager on monday, I think so, uh I'll tell you all about that Pro turn the rocket back on no now Uh, you may be a little high i'm not for sure West side of the island. I like to go a lot of places Yeah, I need to get out to uh ring cone again, but I think that's It's the eastern side. I think I can't remember Yeah Where are we And that's it. I think uh Did I answer all the questions? I must be doing my job pretty well Here's a good question. Where do you see kudano's price going? I'll give you a price prediction right now Uh Let me I'll pull this up Price predictions kudano's price for 2022 Will be between a dollar and six cents and two dollars Price prediction 2022 you're welcome. That's all I got I don't know. I don't know. I think the big thing would be if they Can implement hydra layer two scaling solution and really turns up those transactions per second. That's the big thing Uh, and then of course, that's the that's the off-chain the on-chain stuff is even more important Thanks for telling me you're welcome Thank you. Thank you Rob, uh, what do you think about l ltc light coin? I don't have any light coin. Are you still dcaing in the east in a matter of speaking? Yes, uh, I have to dca in the east because that is what uh, I have a loan out for ethereum On uh, celcius and I got a margin called so I have to keep buying ethereum. So yeah Thanks, Sean. I appreciate it I Cue graphics. They are cute. They're adorable. I mean we take it so seriously. It shouldn't be that bad And so is soul and look at it soul Look james me had a pretty good point about solana shocker. Just kidding. But he didn't make a good point about solana, which was You know, biden came out and he wants to put uh, america first all that stuff and um, america competes Well, that's not him. That's uh another senator But he did say or representatives of the biden administration did talk about how crypto digital assets are national security and james said hey, remember who one of the biggest donors for biden's campaign was It was uh, sam bakeman free who is the uh CEO of ftx that huge exchange also multibillionaire and also sam is a huge believer in solana So you're gonna push that agenda That'd be uh, that'd be a way to do it and I wait 33 dollar bitcoin Yeah And let's see So this is an interesting question Hi, rob. Do you know how crypto tax applies to native port arican? So I was talking to my new lawyer For x16 everything else Uh, and I'll do that in the video. He talks about how that x60 is actually open up to native port aricans There's a new provision and I will get his information about that and tell you all about it So, uh, yeah, that's what I can tell you because before Puerto Ricans who lived here couldn't be a part of that now. There's a Subsetter a sub subsection. So I'll let you know Oh, so good I have my portfolio is one green than all red I have some stake someone exchanges. It's going to Have to stay there and tell it's all green. That's a good way to look at it. If you think about it What worries me in crypto right now What worries me in crypto right now is the irrational fears That's the traditional markets have I Would like to think I know where we're going I see things very positively in the crypto market and digital asset market the problem is and that's why I'm always talking about Is in the traditional side All the difference, uh, you know retail investors and Hedge fund managers and all those people that are actually investing in the traditional market are tanking it because they're so worried That drum pow is going to come out at some point and talk about I'm going to you know I'm going to raise these rates and we're going to taper off You know all the buying the bonds and things like that And they're just so worried. They're just like we got to sell. We got to sell. We got to sell. I'm like Peter Lynch He talked about how Let me I'll pull it up There's a great. There's a great There's a great quote and let me find it Ah found it already Well, there's two great quotes actually I'll show them to you both Peter And Peter Let me pull this up. Oh, sorry. You can't it's kind of tough to talk about if you can't see it so There's two quotes Everyone has the brain power to make money in stocks. Not everyone has a stomach. That's from Peter Lynch Which makes a lot of sense. I think And then this is the one right here Far more money has been lost by investors preparing for corrections or trying to anticipate corrections And has been lost in the corrections themselves So just remember those types of quotes when things come out and things a little dicey. That's that's how I see things All right, and then the last question last question today. What do you guys got? So wait and see says he never talked about selling before he sold his bitcoin secretly boo-hoo so There's a link in the description and it's called all exits my all exit strategy. It is one of my first One I actually I think like one of the first videos I did in the first six months of this channel Well, I've had this channel for two years. I talked about my exit strategy at 40,000 60,000 80,000 100,000 And I told you specifically I was going to sell bitcoin when it hit 60,000 and 40,000 and guess what? I sold I sold a little bit not all of it Obviously, it's not about 20 or 50 percent of the whole thing. So like very Not a ton And the day after I sold it. I actually came on here on my channel and said I sold bitcoin And everybody said you're a moron. You're a moron rob. You are a clown Don't you know that bitcoin's up to 150,000 all the smarter people than you which is not hard So that it's going to 150,000 I fell on a trap too and I'm like, well, I needed that money because uh, that was my goal and uh That's what happened So there we go. I don't leave it at that. So that's it for today Great one great one Exactly and that's it for today So thanks so much everybody for dropping by. I appreciate if you like this video Go to thumbs up also consider subscribing I like as we talk about our time sensitive and that's it for today. So thanks so much. I appreciate it See you on the next one