 Hello everybody, and welcome to the live stream. So we got a lot of things to go over, jump into it real quick. Now, the thumbnail and the title talks about Celsius 2.0 and what it really comes onto is a lending platform. Now, the thing I'm gonna talk about is not essentially Celsius coming back or something like that, but the different things that made the actual Celsius a problem, which would be the co-mingling of funds and of course the shenanigans that were going on behind the scenes, but really just came down to the loans that it was. I'm gonna show you why this is gonna come back and it's going to bite us if we allow it to happen. Now, before I get into all of that and talk about it, this is a pretty positive stream today. Now, we're gonna talk about how Ethereum may be jumping up to $3,000 as it turns deflationary. There's a couple of different things to support that. Also, we're gonna take a look at how potentially only ZTFs could or all of them could be approved by tomorrow. Well, before we get into that, I think it's more important that we talk about things that are going to really affect you and affect your bank account because really it's not how much you make, it is how much you keep. So, this is a little piece that came across my desk. Investment Advisor 2 Prime sees a $2 billion in the band for Bitcoin backed loans. Now, here's the thing, I don't have any problems with loans, many issues with that, but when I see these things and I see what could potentially happen, I have to call it out and tell you the potential pitfalls of what it is. Here's what we have. This is a quote from Alexander Bloom, Managing Partner at SCC, Registered Investment Advisor 2 Prime. So, yes, this organization, this institution is with, and of course, as far as registration, it is registered with the SEC. Does that mean the SEC is infallible and they're gonna protect you? No, it's your job to protect yourself. This is what Alex says, since the soft launch of our lending offering on September 13th, we've been surprised by how much demand there is for crypto secured loans. Let me say that again, crypto secured loans. That's what you could find over at Celsius and it was not the reason why it went down. Again, co-mingling of funds, essentially a Ponzi scheme. The token itself, Celsius was essentially worthless. I know people are talking about that and they're fighting that in the courts right now. It's worthless. And here we have for crypto back loans. The loans are typically over collateralized and it goes into some other stuff and it talks about BlockFi and Celsius as well and da-da-da. Here's the thing. That's what I need you to understand about this. When you're talking about a loan and you're gonna go over collateralization, that's fantastic. And if you're gonna use crypto, which is what this is actually going to do, I've done this. And I can tell you right now, it is a bad idea. What do you use loans for? What do you get a loan for? What do you usually get a loan for? Well, usually, not all the time, but we see loans for like houses. We get a nice little house. That could be a 15 arm, just a great mortgage. It could be a 30 year traditional. We can get a loan for vehicles, cars, that type of thing. We can get business loans for our business to help fund our growth and things like that. We can get short-term loans, but of course, you know, those would be called like payday loans that are pretty predatory. The thing about this is you have to think about why would I get a loan and why would I actually do this and who is actually giving these loans moving forward? I can't answer all those questions. I can just tell you the reason why a lot of people will get loans. It's for those reasons that I just listed. And the problem with an over-cladalized loan is that there's a thing called a margin call. So when you over-cladalize the loan, let's say you need, I don't know, $100,000 or something around that range. You need $100,000, what are they gonna ask you for? They're gonna say, well, you need to over-cladalize that. What do you mean? You're gonna give me two X. You're gonna give me $200,000 worth of Bitcoin or Pepecoin, whatever you got. Okay, what's the rate? Well, the rate could be it's not substantial. It's pretty high actually. But if you give us three X of what you want, let's say you want $100,000, you give us $300,000 and we'll get you an even lower loan than what's being out there for houses or for cars or for whatever else it is. You'll think to yourself, that's pretty good. Well, how about another one? Yeah, we can give you the lowest loan at four X. That's what Celsius did, essentially like that. Now, I'm not saying, and I'm not telling you exactly what this organization is doing, but when you're going to over-cladalize the loan, that is what they're going to do. Now, here's the big problem and here's the enormous problem that you have to think about. And again, I can't tell you what you do. I'm not a financial advisor, I'm not your dad, do what you want to do. This is looking back in 2021 and what will happen because I think we're on a precipice of a massive bull run. I mean, I do. In 2024, roughly around April, that's when we're gonna have the Bitcoin having. I think everything kind of pops off that. Some people are saying we'll hit an all-time high. By the end of 2024, some people say it's 25. I don't know what it is, but again, the timeframe of the loan that you're talking about, if you're gonna put in Bitcoin, let's just take Bitcoin and we'll take a look at them all in a second. You take a look at Bitcoin, you're like, okay, I've got one Bitcoin for let's just say 30,000, right? Okay, we need two Bitcoins because that's a two X, we need three Bitcoin. That'll be essentially $90,000 or something like that. That's all fine and dandy and cool when you give it over here, but what happens? Well, eventually things are to go down. Maybe a little margin call. Then you get margin call down here and you gotta keep putting in your Bitcoin because I don't know about you, but whatever loan that they're actually offering and however long it actually is, if it's only for three, four months or something that you need like super fast, okay, gotcha. But usually these loans a little bit longer for what people really want. And that problem is that once you get margin call, you're like, look, you got two options. You can pay this off now or just collateralize us some more of some more Bitcoin. You keep giving them Bitcoin and it goes up and everything's great. And you're like, cool, but guess what happens? Bear markets don't last forever. Bull markets don't last forever. And then you get to this nonsense right here. So you're up here and you're $30,000 Bitcoin that you have, now you're down to 20,000 or 23 or 19 or haven't been down to the 15,000 range. Now you've got to over collateralize this and keep over collateralizing this or they're gonna liquidate you. And when they liquidate you, just so you know, that is a taxable event in the United States. So all these things that we think about like, oh, let's get a loan. I was put on my crypto, no big deal. You really got to think about that before you do it. I did that. I had to pay off a loan way quicker than what it was supposed to be. Thankfully, that was actually Celsius. Unfortunately, I got six figures stuck in there. But that's just looking at Bitcoin. Now I want to take you down this route. Let's say you're like, well, how much, how low could it go? Well, if we're taking a look at cycles, the last in 2013, the cycle, from the top to the bottom is 85%. And usually what's gonna happen here is that people are gonna start to get these loans. They're gonna do something really stupid. And what they're gonna do is they're gonna take out loans and they're gonna take that money and they're gonna put it into some crap altcoin that they think is gonna go to the moon because that's what everybody on YouTube says. And that's what everybody on Twitter and people get sucked in. That's why there's tourists. They're gonna take that money, they're gonna put into those and it's gonna crash. And be like, oh, that Bitcoin that I have, well, now I got to over-cloudize it, no big deal, but then it keeps going down. And that is a huge problem. And that's what's gonna happen again. And I've said this before and I'll say it again. All the problems that we went through in 2017 and 2021, it's gonna happen again because people have the memories of a goldfish. And I have to explain this to you, even though you probably know, just to get into your head, to remind you that to don't do something incredibly stupid to do something like we just talked about because if you do, again, you get liquidated and it's gonna be a pretty bad experience. So anyhow, that's just taking a look at the cycle. This is Bitcoin. Back to when it down 77% from the all-time high, 67 to 15 when we just took a look out. But like raw, but I'll just use like Ethereum. Well, Ethereum usually drops around 94, 95%. Yeah, it would actually, wow, it was 94%, 2018. And then so far we're down 79% or 80%. Okay, well, what if I use Cardano? Well, Cardano in 2018, it dropped 98% and thus far it's gone to 91%. So I don't know what's gonna happen in the next run, but I can just tell you that if you think you're gonna get away with like these loans and make it big and of course do something incredibly dumb, like take that money out and put it in more into crypto as the bull run heats up and everything else and you don't sell, these are the things that happen. So just trying to bring it to everybody's attention before it becomes a little bit too much. And you guys are vets, so I don't have to really tell you so much. That's why I made this, there's a link in the description. It's called Don't Make These Crypto Mistakes. Click on that. And it's a video of all the things we just, pretty much we just talked about and more so. Like I said before, once the bull run comes, I'm going to sell, I'm gonna sell roughly between 50 and 80% of all my crypto and I'm gonna step away from this channel. And the reason is because people get just ridiculous crazy and I'll come back when the bear market hits, but once I sell, that's it. So let me know what you think about that in the comment section. Let's talk about some good stuff. I know it was a little bit harsh, but it is what it is. Ether, Ethereum. I found this fascinating because I'm not a big believer in TA, but this actually worked out pretty well. Ether could hit $3,000 as a sewing network activity turns token deflationary. This is from Marcus Thielen, research head of max matrix port. And he takes a little bit of a couple of indicators as Ethereum's weekly revenue, which is the income from the network's transaction fees. All of a sudden his gas recently rose above 30 million for two consecutive weeks, up from a yearly low of 12 million in your life total, which means essentially is that people are actually using Ethereum for the transaction fees. And that's why you see a lot of the altcoins jumping up because for like these DEXs, if you wanna get some of these altcoins, you gotta use Ethereum. And what do you need that you need gas for? That's a real utility, I think. A tactical bullish trade could have merit for as long as weekly Ethereum fees, stay above $30 million. And he talks about how, of course now because of all things that are going on, Ethereum is now deflationary. The bullish outlook marks a pivot from the bearish views on Ethan September, because the same guy, Thielen said, he cited deteriorating network revenues and user activity, which is why we talk about a lot of this channel. We can talk about transactions and the things that are going on, on-chain analysis, things like that. But what I always take a look at is, are people actually voting with their wallet, meaning what are the fees and how much are they generating? And apparently, and it's looking pretty good for Ethereum. Ether early in October declined to a seven month low, while it's relative valuation against Bitcoin, tumbled to a 15 month low. And that's what he said. He said, look, you know, months ago in September, he was very bearish and he took a look at the fees. And now he's like, I'm very bullish because people are actually using Ethereum. So there's two things. First of all, was this really deflationary? Well, there's a great website, link in the description, ultra sound.money, 100% free, you can check it out. And you can see right here, as far as the Ethereum supply, over the last day, it is deflationary, which is great, but that's only a day. Nobody cares about that, Rob. So we click on one day, seven days. It was actually inflationary for a short amount of time. Then it became deflationary. And actually in 30 days, if you just took a look at 30 days, it's actually vastly inflationary. I mean, it's going up because no one was really using. However, if we zoom out, since the merge, which happened over a year ago, you can see this is the baseline for what they considered inflationary versus deflationary. And in actuality, it's a negative 0.185%. So not fantastic, but as far as supply chain, it is down 256,000 as far as Ethereum goes because it's being used, it's being burned, works out pretty well. And also with those fees, he was totally correct. And of course people say, and this is the thing we always talk about, but Rob, the fees is a vast difference between the Solana fees and Cardano fees, as opposed to Ethereum gas fees. And you're 100% correct. What I like to look at this website of crypto fees, I click on this, this is the seven day average one day, one day fees, it's six and a half million, that's crazy. When we click on more details, what we're looking for is, is there an uptick in the amount of fees that are being used? And of course, yes, it is here. And you can see that every day, it's like six and a half million, seven million, a little bit drop here, four million. Over the last two weeks or so, it's 30 million plus. So yeah, that's in the right direction. It looks like people are using a lot of Ethereum. So maybe it does go up and it hits that magical $3,000 price target. I want to hold my breath. That's why I dollar cost average. And then also, lastly, these are from the two gentlemen. They are analysts. I think it was a Bloomberg, I was getting confused. But this is Eric Plachunis and James Seifert. And they've been, they're the ones that have been touting off for quite some time now, a couple of weeks, maybe three or so. That's the spot Bitcoin ETF is a 90% approval. And then just put this out today. A brief window opens on November 9th. That's tomorrow for the SEC to potentially approve all 12 US spot Bitcoin ETF applicants, including grayscales. It'll be open for at least eight days. Even if approvals don't arrive this month, we still believe there's a 90% chance of approval by January 10th. And just to catch everybody up to speed, we take a look at the ETFs. The one that is coming up for its third deadline would be Ark, Kathy Woods and her outfit. And then of course, you've got the iShares, which is BlackRock. Their next one is January and then March is one for everybody. So they're saying that by tomorrow and also eight days that they could approve a blanket one and all these ETFs could approve. And then we're off to the races. The question is, is it really that good for Bitcoin? I believe it is. Who knows if it's in the short-term and the long-term. Again, that's why I like to dollar cost average, which will lead me to my last, last, last point. So where's the last point we'll get to Q and A. Indicators. I'm always talking about me selling my crypto. And of course, again, there is a link in the description of a video I made of why and when I'm selling 80% of my crypto. It's right there. Taking a look at this ad nauseam, I think way too much. So you all should know this, but I just want you every day, every couple of days, I wanna bring up these indicators so you get comfortable seeing them because I want you to use them so you can decide for yourself, am I gonna diamond hands everything? Or maybe as things gets a little bit overblown, maybe I take some profits and pay off my credit card debt because in America, as of today, we're over a trillion dollars in debt on credit cards. Maybe that's you. I know I have a couple of little things in my credit cards. Maybe I wanna pay that off before I get some crazy annual percentage rate, which is charged by the credit card comes. It doesn't matter. I'm getting off topic. The thing is with this, this is from looking at Bitcoin. It's 100% free links in the description. I use this site, I use Ben site. And for Bitcoin, this one, the NUPL net unrealized profit and losses. This is derived from market value and realized value. Market value is the current price of Bitcoin, multiply the number of coins. Realized value takes the price of each Bitcoin when it was last moved. You subtract realized value from market value and you can calculate unrealized profit and loss. I like this website and I'm gonna have on, matter of fact, where'd it go? Mr. Swift, who is the creator of this website next week. So I'll ask him some questions. If you got a question, put it in the comments section because I take all this stuff too. But you can see right here that it's very simple, right? When we're in this range, right here, anything in the green range was a pretty good idea to start to accumulate a little bit. Like right down here, November 20th, 2018, that was a good time to accumulate Bitcoin. And then down here, of course, December 15th, which was a low in the green was a good time to accumulate. Now we're kind of, and then of course you get in this white range, the hope and fear, which people don't really know what's happening. And then it goes to the optimism anxiety. I think you can feel it right now. People are more optimistic. Even myself, I'm a little bit bullish. And people are still like, I think things can go pretty well, but then of course we get into the belief stage and denial, denial meaning it'll never go back down because we're in a bull market baby and that only goes up. And then of course you get into this red part, euphoria and greed. And you can see over time, this is just one indicator, that once it gets in this euphoria and greed section, it kind of calls tops, not all the time, but it does pretty decent. And again, if I hit 60% of the top to 80%, man, I'm happy. I'm super happy. And we're gonna see this kind of go across there. And this is just one of many we're gonna take a look at. Again, link in the description, get used to it. Maybe you might wanna use it at some point, but that's it for today. So look, whoo, like today's video? Thumbs up. Consider subscribing. Everything talk about is time sensitive, but that's it for today. Thanks so much for stopping by, I appreciate it. Now if you wanna stick around, we'll do a little Q and A, I'll answer all your questions and we'll go from there. Thanks, everybody. Ah. Edward Foxes. It's a great question. You're gonna tell us when you're leaving the channel? Yes, Edward. I'm gonna tell you when I'm leaving the channel. I'm gonna tell you when I'm actually selling. And I'm gonna tell you the indicators of when it actually is. And that's it. I will be made fun of, I can just call it right now because people will call me paper hands and a moron for getting out too early. And those same people are probably still holding on to their Luna tokens and FTT tokens. So I don't care. But yes, sir, I will let you know. And I will probably put out just videos on loop which would be like when I'm selling, things to watch out for, that type of thing. But I won't be back for all the craziness that happens in the bull market because it's just overheated. I'll come back when everything crashes and we'll start this whole process again. Let's see, Danny. I do like that picture. Well, you sell directly into cash. Will you sell directly into cash? My plan is to sell Bitcoin into a third at two prices, keep the amounts of money that I invested plus tax and use second, third of by eighth for people that are selling. Sound like a good plan. These are all good plans. And there's multiple plans and you know what's best for you. Me personally, some of what I will put into stables, some I will put into cash. But the thing is people will always ask me why are we putting the cash because it's going to inflate away. That's the thing with investing. You never stop because it's always a game of finding those assets that are distressed, putting that money or that stable or that crypto or that Bitcoin into those distressed assets and writing it up to a point to where it gets overblown, then taking profits and repeating the whole same thing. And there's a multiple things that you can do with this. I mean, what do you talk about? Real estate, land, your own businesses, precious metals, equities, other different altcoins. It just depends on what you want to do. Also loans are a good one. That's when my wife does quite a bit. But it's all up to you. But yeah, you never stop. That's the thing. So congratulations. You're on a hamster road and never stops. All right. Carlos, pleasure. See the next bar market with planet. Yes, exactly. NAS, I told you I would give you a wrench. Did I not? Let's see. Let's give NAS a wrench. So let's, hold on real quick. Let me bring this, bring this up. Who else would like to be a wrench? Or as we call here, a wrench party or an administrator or a moderator, I should say. Congratulations, Lincoln. You are now an admin. Let's see. Let's see. I wish I was as high as ETH gas fees. I hear it's not that bad. Teeny Tesla, hey, fan, no notification. That's just YouTube being YouTube. That's how it goes. Smash the likes, that helps. You know what really helps though? Comments, apparently. Comments in the, in the chats, if you put one in the, for questions I can answer those or in the regular place, that's always helped a ton. Thank you. Dan and Rob are twins, exactly. Sometimes Dan's here, sometimes Rob's here. Sometimes I have a green screen, sometimes I don't have a green screen. Yeah, you figured out. Let's see. Rob, you seem to know a lot about real estate. Not really. It will bottom out in 2026. It kind of seems that way. I'm waiting until then to buy. What are your thoughts? My thoughts are that commercial real estate is going to really take a massive hit because it's already been taking. And I don't think the cost of homes in America is sustainable. I think the average cost right now was 425,000, median average cost for a home across the United States. And of course, in some places it's cheaper, sometimes it's more expensive. I don't know if there's going to be a crash crash like everybody keeps talking about. It's because there's not too much demand and there's not too much supply. So that kind of equals everything out. I've got people who are in construction, people who are real estate agents and they're just like, yeah, but not much is going on. So if we had a ton of supply, like we had in the Great Recession, but a negative amount of demand, that would be an issue, which is what's going on with Evergrande over in China. They have a ton of supply and they have no demand and they're going to go, they are actually in bankruptcy. So as far as what's going to happen, don't know. I will tell you this. I just saw that they're going to pass, if they're either going to pass a law or they're having a law, they're trying to allow for commercial real estate to more easily be transferred into home buyers and just for retail. So you go from commercial real estate, which in Puerto Rico is a lot of these places. I look at them like, there's so much commercial real estate here that's not being used. And there's a lot of people looking for places to live. I'm like, that would be a perfect opportunity to transform the businesses that are down on bottom and the ones that are on top should just wipe those away and then just do condos or do apartments or something like that. And then people could live above there and it can revitalize different areas of Puerto Rico. That's what I see. And there's some kind of law that's either was passed, you're going to be passed, what's going to make things a lot easier for rezoning. So that I think is a big opportunity. And that's it. It's a good question. Brent says, with most people worried about private keys, why are most people tall using Fidelity Crypto for Bitcoin ETH? That's just it. That's what we think the spotty is going to do is because large money players, they don't really want to get into it and have to custody themselves. So they want the exposure without the risk. I think that's silly, but no, it's not silly. It's actually pretty smart. Oh, what am I saying? If you have a ton of money and it's all about risk management, probably a better idea for them to go that route. I'm fine with that. I will personally self-custody into my cold storage wallets and be fine. And yeah. Ba, ba, ba, ba, ba, ladrian. I'm never in the denial stays. How's your back? Good. Seeing a physiotherapist taking medications, trying to not exert myself. And yeah, everything's fine. When Joker says, we're going to miss watching your great videos once the market is in full bull market. That's so sweet, but I think you guys will be too busy watching your portfolios go up when the bull market comes. And that's cool. I just want to get everybody to that promised land to where they're way in profits and they can take their profits and they can move on. They can do what they want to do instead of just constantly always here on the hamster wheel. And that's it. So the next big question is this. Here's really the big question you have to ask yourself. What do you do when you don't have to go to your crappy job? And what do you do when money is an issue? Because for some of you, that's going to happen. For some of you, it's going to be minimal. You're going to be able to pay off your bills. You're going to be kind of debt-free. You're going to have, you know, you're going to feel pretty good. Some of you, that won't even happen. Maybe you'll get like be able to pay off a big chunk of your debts. And some of you are going to be like, I quit my job. I bought another house. I have no debt and I can just lounge around. So the big question you have to think about to yourself is what do you do when it happens? And that is a bigger question that you have to ask yourself now because don't be like me and try to figure it out after the fact because you make some really bad decisions. That's just true. Ah. Hey, hey, I got a question. What's your parent, Algorand? I carry it. I dollar cost average once a week or so. And you would think it would do pretty well. But that's just one of those things. You know what? This is a great question. And this is a great question because it comes on the fact of like Algorand's been around for how long? It was around, I want to say, back in 2017. Correct me in the comments. But you know, it had a little run up for itself in 2021. A lot of these tokens, a lot of these coins, a lot of these cryptos, all these alts, even their coin, it's going to run up only so much. And a lot of these alts that had their day will not hit their all-time high. Again, so you have to understand like some of these things just come out of nowhere. Remember Solana back in 2018? Needed to lie because it didn't exist. Came around in 2021 and it melted everybody's faces. And it was one of those things where people were like, you know what's going to really crush it? Eos. No, it didn't. It did, it crushed it in 2017 and went and faded into obscurity. Maybe I think it's in the top 75 or so still. So you have to really think about this, like what's going to be the next big thing? Check this out. So I was going to show this for the video today, but I thought, ah, it's too much. But there's a token called TUNCOIN. And you've heard me talk about this. And TUNCOIN is, you know, you have your telegrams accounts. And TUNCOIN, you're going to be able to use that as an in-app currency and a lot of host of other things. I haven't really done a deep dive into it. But it's made a massive movement. It's in the top 16. I was watching a guy over at Coin Bureau, him and Jess had a live stream, and they were talking about TUNCOIN, how it actually made it into, and it's moving at the top 10, whichever one they're looking at. And I thought about this, and I'm like, why would people do that? Because we take a look at, first of all, if you look at TUNCOIN, let me just show you this. This is in the block. And I've talked about this many times. When you take a look at it, you get worried about who owns this and who's going to dump on me. That's always the big thing. So with TUNCOIN, you can see the whales and the wallets. Six whales, six. I'm sure some of those are in exchange, but not many. 72% is concentrated in six wallets. And the other almost 14% is in 53. That's a lot. Let me do some quick math. It's like 85%. 85% is in the hands of 59 wallets. All right. So you take a look at that. This green, that's whales. That's not what you want. Investors, 13%. And this is you. This is us, I guess. Retail bond, this little small sliver. And that sounds pretty dangerous, right? Well, compare that to Bitcoin. Here's retail. Here's whales. And here's the investors. That's what you want to see. That's nice. That's real nice. And even Doge, which got a bad rap, here's whales. Here's the investors. And here's retail. Pretty damn even. I like that one. And here's the thing. Even Solana, this is on Coin Carp. If you take a look at Solana, the top 100 holders, 16, 2629, 39, 45, roughly 45% is in the top 100. And then, of course, it goes down. So people always say, well, this is a VC coin. This is a VC coin. And this is the one I was talking about. This is the one that melted faces. And yes, in the beginning it was, there was a bunch of VCs. They held it. But guess what? They probably dumped a ton of it on you and whoever else when it shot up to 250 and then started to collapse because of the FTX issue. And it went all the way down to $9.72. So I think most of the VCs are gone. They're probably re-accumulating now to do the same thing. But people like even me, I'm like, I don't know about this ton coin because it's just, it's in the hands of so few. Well, so was Solana. And it did great. And one of the things that Jessica pointed out on Coin Bureau and she had a good point is Jessica guy, that this is a coin that has done pretty well but not in any major, major exchanges. Like Pancakes, I don't know what the heck. I mean, Pancakes, what's her? Uniswap, Nexie, Gate.io. Yeah, Kucoin's pretty big, but what's the volume? The volume's only like four and a half million or five million, roughly. Digi, Fnex, all right. Okay, X, that's not bad. But there's no like, first of all, there's no American-based ones, which shocker. And there's no Binance. So it's done pretty well. So the question that you have to think yourself is, is this something I should get into? I will tell you this, these new tokens are the ones that are gonna melt faces really bad as time goes on. And it's up to you to figure out what is that alt coin, small cap gem? But you have to understand that's just straight up gambling. But there's with high risk comes high reward. And it's one of those things where like, you think the people at Solana were like, I don't wanna get into it because there's all these VCs. As it was like $25 and I went to $35 and $55, then it broke a hundred, and then it broke 150, then you know I'm going with this, right? So at some point, that's why I'm saying, don't listen to the ridiculousness out there of, you got a diamond hands, bro, sure. Sure. Leo says, do you lift weights? Yeah, I lift weights, I just tore out a stump in my backyard and I messed up my back. These are the things that you shouldn't do. When you're 78 years old, or that's how I feel anyhow, don't wrench me. Cat with a K, you're out of your wrench. Fair, aren't you a wrench already? What, Dan? No, that's a great, I'm okay. John Abrazzo just made a prophecy that any stock that's a Bitcoin and a minor will 100X, great. Every time I like Riot and Mara, I got my bonus. Let's hope that's for sure. Let's see, fashionably late, nothing wrong with that. Casper, though, am I right? I gotta tell you, I mentioned Casper one time on the NFA live show, which we're doing tomorrow. Me, Guy from Coin Bureau and Ben from In The Cryptoverse. That's tomorrow, it's in the morning. I think it's like six Eastern, yeah, six Eastern and nine Eastern. No, no, six Pacific, nine Eastern, sorry. And I mentioned Casper one time, one time. And it was like, hey, this might do well. Crown might do well. Now, Arbitra might do well and Casper might do well. And I got pinged so hard in Twitter. I was like, every single notification was like people talking about Casper, Casper, Casper. So maybe, well, first of all, this will probably hit it over there too. But yeah, Casper, proof of work, I believe, right? My question is, I don't have time to do research. So maybe you guys could help me. What does Casper do that will say polka dot, avalanche, near, Ethereum and their Layer 2s can't do? What makes Casper so special and cardinal? What makes Casper so special and to beat all of those? That's the question I have for you. What's this? Darren says, Rob, thank you for that 2021 chart last livestream and showing volatility. In the middle of 21, there was a 69% dip. Were you buying that dip after the big, I was not, I'll be honest with you. At that point, I was just kind of like, I'm just gonna ride it up the top and sell it. And I was just, back then, I was kind of going by fractals and just my price predictions, which was, woo, price predictions. Worst things of all time. Which I get to have Guy on the show tomorrow and talk to him about his price predictions. This should be very fun. Yeah, so, yeah, at that point, Darren, I wasn't, I wasn't doing anything because I wasn't, at that point, I'm like, we're in a massive bull run. I think it'll just go up. And of course, it did fall quite precipitously going down. Matter of fact, what I'm gonna do real quick is, let me bring that up. It's a pullback. It's just a pullback. This is what it looks like. So remember, even when we get into this massive bull run, which is coming up, which I think is gonna melt, it's gonna do great. Just remember that there's a lot of volatility still. And if you think that things just go up straight in the bull market, that's okay. I thought so too. I thought that same thing. Yeah, it's adorable. But it doesn't happen like that. It's very messy. It's very ugly. And to get to the promised land, it ain't easy or else everybody would do it. So just be aware. All right. Hey meme, meme, opposite truth, if you don't use it, you lose it. Yeah, that's what my physiotherapist said, matter of fact. He's like, you gotta get going. Get everyone living in cities and commercial probably be like China mass housing. Yeah, depends what you want. You can see that or tiny homes or boxables to that. And master, I think there are a spot ETFs in the works. I believe there's a spots, Ethereum ETF in the works, but, and there's also a Bitcoin spot ETF in the works in Hong Kong, China or Canada already beat us. So congratulations, eh? You guys did a great job of knowing what you want. That's all I know about. Rusty, but avoid rusty. I love hobbies. Oh, Nick. That's how I finished the stream will be over. Danny says, thanks for being with us during the bear. I started following six, eight people and up with you, Coin Bureau, Paul Barron, that guy. That guy's really good. Although he did a very, a very interesting video on Cardano. You can find it right now. You guys should all go watch it as a matter of fact. Let me show you what it is. I'm sure Paul would love this. So let's see. Yeah, if you like Cardano, you're not gonna like this video. So let's see here. As you can tell, these are the things I look at. Hernated Discs, Charles Hoskinson in Big Pay, Volleyball, my boy classy over there. Let's see. Paul puts out so many, ah, this is it right here. Go check this out. Cardano's summit was embarrassing. A full recap. So you like Cardano? And then, hey, don't forget to leave Paul a comment. Tell him I sent you. That'll be fun times. I found it quite interesting, actually, that video. You're welcome, Paul. Respect, I tend to believe you are excessively bearish at times. Omed, you are correct. But videos like these where you remind us of things like Celsius and other ponds is what keeps me hanging around. That's good. Listen, you understand, like, I just try to help you as much as I possibly can. I know I'm a little bit bearish at times because sometimes the bullishness gets ahead of us. Like think of me, here's the thing. Think of me as like a barometer, a real indicator. And if I go super bullish, you'd be like, okay, that's it. Then if Rob is super bullish, then maybe this is the time to really get into the market. Just look at it like that way. And then I got this friend, his name's Alex, and we call him Negatron. Because anything that we talk about, he's always negative. And I'm always throwing ideas at him for businesses. And he's always like, that's stupid, that's not good, that's not gonna work, it's gonna be like that. But once I throw him an idea, and he's like, that's a pretty good idea. I'm like, whew, that was a great idea. So use me as you see fit. Omed, and I don't blame you, actually. Rusty Bot says, how do I calculate the underneath gas phase today? It says 51 guai, that's pretty simple. So you can do this. I can guai to US dollar, and there's a bunch of different ones that'll come in. So what'd you say? 51 guai, I always say it wrong. Dollar 72, that's very much, that's how I do it. All right, tell Beardy, he knows, he's the only one that is holding onto Eos, just me and him, apparently. Oh, how am I telling you when I'm crypto rich, the fall is I definitely don't have your gravitas, thanks. Nah, I'll just do a couple of videos on repeat. Solana, ooh la la. Yeah, a lot of people are getting into Solana. I mean, I've been dollar-cost averaging for a while. Is melting faces, it's a good thing. It's like you look at your portfolio, like your face just melts, I can't believe it actually happens. You have a problem in having three crypto channels at the same time? Nope, I always do the same thing. But 80% of Bitcoin on my portfolio is NFA's fault, thanks guys, yeah, still, I mean, my portfolio is still 75% Bitcoin, even though I dabbled in the alts, just I've had a lot of Bitcoin. Yeah, I don't know, she's got a great question. Hey, Rob, I'll be feeling better with your back. What's your thoughts of Gala chain? As they are in talks with Clermar Cap to change their category from gaming to layer one. This is a great question for classy game. He is big into Gala, go follow him, classy gaming and he will tell you, he'll talk, you're off. So follow him. Yeah, Tay-Weis' Ben's approach is super safe. I feel the risk takers will gain much higher multiples. And you understand like it's all about what you wanna do. I remember this interview I talked with all the time, Mark Cuban came out and they asked him, why did you make all your money? He was like, well, I sold this dot-com business that I had for streaming services and sports. And then of course my millions that I make, I just get bonds and I get X percentage and it's the safest thing that you can possibly do. And when you have like tens or hundreds of millions of dollars, again, it's a risk factor. So the more money that you have, the more you really wanna hold on to it as much as possible. You don't need to take the risk you place. Mark Cuban doesn't have to go out and YOLO into Pepe coin and just go, you know what, maybe this will go to the moon. Although he did screw up in a lot of different things as wallets and he's been hacked before, but he can afford a million. You cannot afford a million of losing. So the more money that you make, the more that you have, the safer you actually are. There's exceptions to the rule. Michael Jordan being one of those, he apparently likes the gamble. But again, him losing $12 million in a weekend in Vegas does not crush a billionaire, greatest of all time, basketball player. For you, you would be dead. So again, make sure you take a look at the context behind it. All right, Ada, I went to the party and it's no problem. No, no, no. John says, nothing wrong with offering crypto loans as long as they are over collateralized, which was Celsius was supposed to be doing. They did do that. They did that with retail. That's what I did. And yeah, we can say that they didn't do that, but they also co-mingled funds. And there was a big issue there. So like that, what I don't concern myself with institutions talking about loans. If MicroStrategy wants to come out and do loans with them, fine. I don't care about him. I care about you guys and what you're doing and your loans and things like that. I gotta tell you, I think it's a bad idea and you can do whatever you want to, but I just find discrepancies and problems with that going all the way over there. Now, they may have the best business modeling is gonna work out and they're gonna get paid. They're gonna get paid regardless of you get liquidated or not and they're gonna get their fees. So it's great for them, but it capitalize. But for you, is it gonna work out pretty well for you and what you wanna do? Cause this is the thing. When people take out loans or the crypto, they're like, I'm gonna beat the system because I'm gonna do what a lot of the rich people do, which is I'm gonna buy an asset, I'm gonna borrow against it and then I'm gonna die. That's essentially what it is. There's a phrase. If you Google it, buy, borrow, die, that's what a lot of the ultra, ultra mega rich will do. And they'll put it in trust fund, they'll transfer it over and they don't have to pay any capital gains tax. That's the whole beauty of the whole thing. But when you do something like that and you're like, you need to over collateralize. It's like, there's only so much I can do and Ethereum just dropped down by 78, 90, 80%. I've only got so much Ethereum. Okay, you gotta pay it off. I can't pay it off. I took all that money, it's in a loan, it's in the business, it's in the house, in the car, whatever else. Okay, we'll liquidate it. And then on top of that liquidation, we have our fees and on top of that liquidation, that capital gains, hopefully that wasn't within a year because you got short-term capital gains, pal. And that's on you, here's your IRS form and have fun with paying those taxes. Yeah, hope that made sense. Hey, that's not bad. Me, question about sweat when I went to actually claim it and they asked me to state, I was not a US resident. Yeah, well, it said the same thing to me because it's all about, I think there's something with a problem with geolocation. It thinks we're in like the Bahamas, like when the Virgin Islands, because that was the same thing with me. I just said that I am a US resident and I put on my zip code and that was it. So I'll see you in the next meetup and we'll talk about it. Let's see, that's the same thing. Dog training, walking with paws. Yeah, bullish mindset. Market cap was key. Tokens at 100X were now $10 billion coins. Tokens, yeah, it's very true. It's much easier when you go down that hole or that's the market cap. The thing is though, is that it gets exponentially more risky because how many cryptos are out there? You ever thought about that? How many different cryptos, thousands? Let's see, 109. These aren't even ranked. These are all the dead and dying ones. Like look at all these things. I gotta be in the 800s by now. How do you know which one it is? The gnarly. How can you tell? Cause I gotta tell you, okay, forever box. I think forever box is gonna be awesome. And you know what's great about it? It only has 10 million supply. Total supply is only 10 million. The volume is a little bit low but this is your chance to get into it. Don't you understand? You can make a ton of money. That's the things you gotta worry about. Watch the next influencer. We'll be talking about that tomorrow. John says loans will be in inevitable progression as Bitcoin is. I can believe that. I just think that we're too volatile right now. Our judges here, have you heard anything about the midnight token airdrop of Stakers for ADA? Does my understanding that not all staking pools will get it? So we don't know exactly how this is all gonna work out. This was an announcement in the Cardano Foundation as they had their events this last week. We know it's gonna happen as far as midnight is going to, it's being developed right now. It is actually going to be, I believe put on polka dot. If I'm not mistaken. Yeah, as a matter of fact it is which is weird to think about. Let me show you one second. Anyhow, me and my team, we are going to work diligently to be able to offer the airdrop for all ADA holders of whatever that is from midnight when we know what this is gonna be months and months and months in advance. So just so you know, let's see. What, ba ba ba ba? Here we go, right here. Let me show you this. I thought this was odd. This is right from the Polka Dot Foundation. Cardano will use Substrate, the foundation of the Polka Dot SDK to build out its partner chain, midnight. Showcasing substrate potential to expand across Web3 and it's ease for use of other chains and ecosystems. So, won't they chain? I guess there you go. Interesting. All right, negatron. And I think, yeah. We know we're in all season when Ben is bullish. It's gonna take a lot for him to be bullish. Okay, so I think I've, I'm gonna box them. I think that's it. Bites are gone down. I gotta go home and my back can't take it. So that's it for today. So look, everybody, thanks for showing up. I appreciate it. Like this video, give it a thumbs up. Consider subscribing. I'm gonna talk about is time sensitive, but thank you so much for stopping by. Appreciate you all. I'll see you guys on the next one. Adios.