 My name is Rob and today is like the thumbnail and title suggests it really does come down to all about protection For what's going to happen in the future and 10 days What I'm talking about is there was a tweet from the big short celebrity Michael Burry and he put a tweet just said sell and that was essentially it Which you think is kind of odd because the day we've seen a little bit of traction a little bit of movement up in the market and What happened from this tweet, which was a yesterday Then of course is from great capital He said Michael Burry tweets sell last night literally tweet market rockets up Barry leads his his entire Twitter account and it's kind of funny because if you take a look at the S&P 500 the last day I mean, it's doing pretty good. I mean five days. It's looking even better Take a look at Nasdaq same thing one day five days and of course in our market crypto. It's fantastic I mean 4% 24 hours 8% you could have missed out on 8% on Ethereum and down the line 15% for Maddox and slot 13 have I mean just enormous gains and really what this all comes down to is like this With Michael Burry and everybody that's out there. You have to understand Where are they coming from and what is their time horizon? That is the big thing because a lot of people they misconstrued people who are Jumping around in the market Buying a little bit selling a little bit being traders being scalpers and not really understanding where you fit in that relation To the people that are investing so I gotta tell you for me. I'm a long-term holder I'm not gonna sell a ton of my crypto moving forward I do take profits along the way But not near a ton of like say what Michael Burry did which in I believe in August of 2022 when he came out and said look sell everything and he did he sold he sold all his All his stocks and right now you're probably thinking yourself. Well, that's ridiculous because I mean look how well the stocks are doing What is it? So if we jump back real quick and take a look at the last year or so August 1st? 2022 I mean, yeah, we could have seen some upside Coming back here all the up here But look at the downside of what happened heck Michael Burry was right, but the question is what was his time frame? I don't think he is like someone who holds on the stocks for you know Five and ten years as the big short movie showed and we take a look at Nasdaq as well in the last year the exact same thing. I mean you had it over here in August August 4th August 1st a little bit of an upside, but look at that downside I'll be darn. He was actually right and if we take a look at Bitcoin itself I mean, how does that look as far as over the last year of what our market did? Well, here we are over here around August 1st 23,000 that's pretty good a little bit of an uptick But then look at this downside baboon then baboon a little bit of a rally Sideways and then a big drop-off So again, it really does come down to what is your time frame for what you want to do now? You can buy and sell and time all the market. I'm not that guy. Maybe you're not that gal or guy to do those things But it just depends on what you want to do and then also I mean for Pete sakes Jim Kramer who's famous for some pretty bad calls quite honestly. I mean he was right on this one. He said look He says Michael Burry says sell and Jim Kramer says buy and Jim for the short term got it right But again, will Jim be right in the next four or five months and will Michael be vindicated? Who knows? I have no idea but just remember this that Jim Kramer on December 6th said get out of crypto And of course he would have done that that had been like not the greatest time frame to get out of it And this is what all comes down to 10 days and Again, I don't know what your time horizon is. I can't give you financial values. It's not your dad I can't really do anything for you. I'm gonna tell you what has historically happened And one of these things is taking a look at how if you invested $10,000 in the S&P 500 over 20 years from 1999 2018 if You would have missed the 10 best days The 10 best days in the market you would have gone from making a full 5.6% annualized year over year It would have been cut into like almost a third to 2% if you had missed the 20 best days point 3 Negative 2.4 negative 4 negative 5 negative 7 so you get the drift It really comes down to how long can you stay in it to realize the returns that you want to and understanding who you are As an investor, I'm not a short-term trader guy I will take profits on the way just a little bit just to kind of get just to kind of grease the wheels So I know what it is when I'm selling so I don't forget that I have to do that at some point not hold on like For dear life diamond hands Ridiculousness so that is the point we're trying to make here to determine what's your what your time frame is Make a plan stick to that plan. You don't have a plan It's okay. I got a video and it's not that I want you to do this But this is what I'm going to do I'd like you to watch this video to understand where I'm taking my profits what I did in the last bull cycle what I will Next do in the next bull cycle and how I'm looking at this a whole different way Moving into 2024 25 and 26. There'll be a link in the description. You can watch that or if You don't like ads They don't like popping around or finding all like the best videos. Just go to Dante just crypto.com It's a hundred percent free. I made it free for you So you can find all my best information and just download it or watch it there And it's just you know, it's like everything's just broken up the basics the safety how to make sure you use a ledger What of course the basics of what is crypto? What is Bitcoin module three investing the same videos that I was talking about is They're all right here for you in a very easy format. So you don't do anything I don't even spam you all the takes is like like an email to sign up all my best information is here So check that out and that concludes that part. Let me know what you think about that in the comment section However, there are some good news on the horizon. I don't know if you knew this but first of all, this is Ben's website I steal from his website all the time. He knows I do but the Bitcoin monthly returns table You know that this is the second best month for any year Since the first Bitcoin having we almost hit 40% in January. I think there's something brewing I don't know how big it could be but me even saying that what's to say that we don't collapse tomorrow I don't know. We could go down negative a hundred and fifty Negative 100% I have no idea, but if we just look statistically, I mean, this is the best month We've had in quite some time the next best month was 2013 fifty seven point six nine percent now 2011. Yes It was almost 67% but I'm talking about after the having the first having 2012 next having 2016 third having was 2020 And here we are in January at almost 40% in February is looking pretty darn good I must tell you on top of that good news I don't know if you knew this but this flew under my radar. This happened yesterday Level field financially become the first FDIC insured Bank to offer traditional banking and Bitcoin services in the United States nationwide So this is what's happening the firm Would offer customers a full suite of products and services from additional banking services to digital asset services all within an FDIC Insured institution. That's a very key word right there four letters FDIC in the past We haven't had a good Collaboration with FDIC which we're gonna take a look at next with Gemini and also with the Voyager so Level field financial a US financial firm that offers digital asset services How nice the acquisition of Burling Bank FDIC insured Illinois State Chartered the 50 million dollar deal will make level field the first FDIC insured fully compliant finance entity that handles Bitcoin Once the acquisition is complete the bank plans to offer Bitcoin buying custody and borrowing to clients on top of enabling Enabling them to get to Bitcoin Bitcoin rewards debit and credit card, which is great But there's always a catch and the catch is this The acquisition is still subject to the approval of the relevant regulatory authorities and if approved it'll happen sometimes later this year So hopefully that does go through and speaking of FDIC insurance the Winklevi Looks like they're getting investigated even more so crypto exchange emphasize FDI insurance and communication with earned customers when they in fact were not according to the report Gemini's discussions with customers Referred to it being FDIC insured but appeared to be in reference to the firm's deposits And other banks meaning you weren't FDIC insured with your crypto I don't know why people would believe that but it's not true with Voyager least they said hey your cash is FDIC insured But it wasn't stable coins It was the cash that they put into the bank in New York City And of course you had to we had to go through a long litany of process to get that just that cash out Which was a nightmare As opposed to its own products of distinction with customers and not seem understand it is against the law For a financial firm to imply that an uninsured product is FDIC insured. So on top of the SEC Investigating them with what's going on with Genesis now. They're getting Investigated for the FDIC complaints. So we'll see how it all plays out But that is never good when things are compounding in a negative way against you and speaking of negative Celsius Was in solvent sense inception investigation finds on this channel. I just got to say sorry. I'm sorry. I ever had Alex Machinzi on this channel. I'm sorry that he lied to me and you I'm sorry that we've got our funds on there I got a whopping six figures. I probably never see and Really what it comes down to is the products worked until it didn't and they got over their head and they Screwed a lot of us. Here's what's happening The company halted withdrawals and transfers in june 2022 amid a liquidity crisis citing extreme market conditions According to a court order investigation of the company the falling price of bitcoin was only part of the problem Celsius's failure was in fact intrinsic to its business model Celsius now we're going to stand alone basis has been insolvent since inception That's from showbapolay the formal federal prosecutor tasked with investigating the company in a report released just a couple of days ago The report says that while machinsky promised customers their deposits were safe with Celsius Oh, he said that on my channel too He had their executives were actually using those deposits to buy and prop upsell the company's native crypto While they sold their stakes in the coin for profit classic pump and dump The maneuver benefited Celsius execs while deploying the company's liquidity. So here's the big question. Was it a Ponzi? Martin glenn the bankruptcy judge for the southern district of new york appointed play in part to investigate the claim While play did not explicitly say if Celsius met the criteria of such a scheme Her findings implied it. She states in some instances between june 9th and 12th Celsius did directly use new customer deposits to fund customer withdrawal requests. So here's the thing When everything came out with Celsius I was pretty adamant. I was like, okay, let's see if we can get this done But as time has moved on I've been very vocal in the fact that things aren't going to happen The only people that are winning in this chapter 11 are the lawyers and they will continue to win And they will continue to siphon the funds out of us Until we stand up and say we need to liquidate. They're the Possibility of a new org organization for Celsius is slim to none. I don't know about you But why would I trust somebody who's already screwed me over once? First shame on you second time shame on me There is not a chance that I will let anybody who was involved in Celsius Do we reorganization do what's right liquidate everything get us back our funds so we can reinvestigate or reinvest And that's all I'll say on that. Let me know your thoughts on that in the comment section and lastly just to finish up Sweatcoin so we had a nice little Steps challenge and those winners have been announced and you can see that there's a link in the description for the sweatcoin giveaway And they they want some pretty fat prizes. I gotta I gotta be honest And I gotta say thank you to everybody who I reached out to and said fine, you know said yeah, sure We'll contribute so sweat coin. They're giving away tens like thousands of sweat tokens ledger token metrics coin ledger Stonebook is where I keep all my my private phrases in the monics 10 set arculus epic art, which is crypto art and meld Their token the nft ladies and these nuts. I love those guys over the nft Program or platform other great And you can just see I've already reached out to everybody who has been the winners That was from 1 through 30 and I've talked to them about how they can claim their rewards So don't try to email me. You've already done my job. So no scammers and that's it. So look That concludes the day for the news if you like today's video, give it a thumbs up consider subscribing A lot of things we talk about are very time sensitive and things are moving at a breakneck pace But I will say thanks so much for showing up. I do appreciate you and that is it So thank you and I'll see you on the next one