 And now let's get into the Q&A and go from there. And Will's got to, see, this was my thing. When I saw this, I was just like, Will, my man, I hope to God that's not like ledger got hacked because ledger has never been hacked. Okay, that's not true. Ledger the data, like your data, like your address and phone number, they had that got hacked at one point. I think about a year and a half ago, roughly. But that's okay, anything else gets hacked on web too, right? I mean, have you ever had your email hacked or something like that or your data swapped around the internet? Trust me, you have. But in that part, but all the cold storage, the Bitcoin, the crypto, everything that stored in your ledger has not been hacked. So I was like, man, I sure as heck hope it wasn't that. And it wasn't that. It just looks like, you know, that's what happens. And Rob's got a good point. It does seem suspicious. Somebody that's smart who's been around for such a long time is like, well, I lost it all, but it doesn't matter. It doesn't matter if it's suspicious because you think yourself, well, he's just probably gonna claim that for tax purposes. You can't do that. It's only up to $3,000 per year, capital losses. Actually, that's not true. That is not true. It's $3,000 up to losses on capital gains, but there's a much higher amount, if not unlimited, on your income. So, but I still think that the way that if you, there's a difference between losing it all together and you can only claim so much, as opposed to wash trading or tax loss harvesting. I'm pretty sure there's difference. Hey, Rob, Jeffery Gonzalez for showing us too much of Ben's website charts. No, not from Ben, just that everybody was complaining because the people who, because Ben's websites, like, I mean, right now it's cheaper. One I showed it was pretty expensive. And people are like, hey, I pay good money for that. You're showing everything. I'm like, I didn't show everything. I showed like two charts, calm down. The world's not gonna end. So I just don't, I just show the basic stuff. And then I use all the rest of the stuff for my own personal gain and steal it from Ben's website and use the measurement. That's it. Question everything. Why do you keep mentioning S coins? Good grief. I don't know what you mean. I don't know what you're talking about. So if you're talking about anything like outside of Bitcoin, okay, everything is an S coin, I suppose. But of course, question everything probably has his stash of altcoins. You're like, no, no, no, you don't understand. Like I like this altcoin, this altcoin, this altcoin, but everything else sucks because that's it. You know what it is? What's a funny thing about this is that everything's a shit coin to people if they don't own it. But if they own it all of a sudden it is the most indispensable, utility driven, most fantastic product they've ever had in their entire life and it's going to the moon. That's what I've seen. But if I talk about something else, oh, it's just awful because it's an S coin. Of course it is. Yeah, it's true. We're excited that you guys and Ben are collaborating. Yeah, it's gonna be fun. I like both those guys. When I first met Guy, I met Guy I went to his conference. We did a Q and A session, not a Q and A, just me going up there and talking with Guy as he interviewed me. It was fun. And I never knew that Guy was an investor, like all the way back in crypto, like 2013, 2014, you know, because you hear all these things about Guy, like, oh, he's just an actor and oh, he's just, you know, he's just put on the stage and he's reads from a teleprompter. When I was talking to Guy the first time, like this guy knows a boatload of stuff about crypto even more than I do because he's been investing longer than I have. So, and pretty entertaining guy. And Ben's Ben, Ben's great, you know, I think he's a little more bearish than me, but we'll work that out in the show. Do you believe in Solana? I believe it exists. Ah, like look, it's just, no, I mean, kidding aside, it's when I take a look at it, as far as like monetary wise, it's probably gonna do pretty well. But as far as like decentralization versus decentralization, it's not very decentralized. Can we just agree that to that? It's about as decentralized as say, Binance coin, that's not decentralized either. So it depends on what you're here for, right? If you're here for the tech, you're here to save the world and you're here for decentralization, then that's probably not your coin. But if you're here to make a profit, at some point, it probably will go back up. I don't know, I don't have a crystal ball. I don't have much of it anymore. So yeah, and that's it. What else? Ha ha ha, use what you want, need to leave those alone. Let the community side through popularity. If it's a real S coin, it'll die. Stop gatekeeping. Yeah, that's a good point. Look, it's a free market. I don't know what people are gonna use, you know? Like, as I get older, I think to myself, is that really music? And this is what old guys say. And of course, I am outvoted because the younger generation is like, yes, that is awesome. And I just can't get into it. Hey, did James from Invest Answers get booted from DCA? I got to answer this, I have to answer this question like 10 times a day. So I'll answer it here when there's more people here and they'll watch the replay. No, first of all, James came up with the idea with DCA. It's just that when you have certain tribes, like my tribe, which is not a very big, I mean, huge tribe compared to like Ben's tribe or well, I mean, James has got more subscribers than me, but when you get those three together, it was becoming very negative and as people would interact. So it wasn't us that was the majority of the issues. It was the people that were gonna gather because the whole point is to kind of help people see some positivity. And when people get together, it was just ugly. So we're just like, you know, maybe this isn't a good idea right now. And then that's it. So in a new year, we start another show. I don't know about you, but like, there's only so many things like I like to keep doing, you know, like my Amazon business, I do that very little now. It's just boring. The sports facility, I mean, we've got somebody else who runs it, the real estate, we've got real estate managers. So like I like to just start things up and then move along, which is surprising that I've been on this channel for so long, which I have to tell you between us, I think this will probably be my last run, my last bull run. I think after this next one, that's it. I just try to get everybody over that hump and then they can find somebody else to get in there. A lot of good people out there. I don't want to be everybody. No, James didn't come over, George came over with it, he even said so. Okay, let's see. Hey, I made it. I don't think so. Aristotle says, I hope everyone knows that the only thing that can hurt Bitcoin is all the other coins. Why would anyone want to hurt Bitcoin? People are bonkers, they think about it. This is an argument that's been made by a lot of people because they say, well, the amount of funds that are out there, which is 800 billion, if that would all flow into Bitcoin, then we could do a whole lot of other things. But I got to ask the question. The market cap is 330 billion. It was much higher when we were at 3 trillion. I want to say it was close to a trillion, maybe 800 billion somewhere around there. For all of that money that was flowing into Bitcoin, why didn't it do a lot of different things? Why didn't it really soak up that L1 smart contract tracking built on everything stuff? Like at that point, why didn't it hit that? I mean, it made strides. I mean, Lightning Network, I know with stacks, I mean smart contracts and things like that, but why didn't it keep going on? I think it really comes down to the free market. I could be wrong here, but I think it leave it up to the developers and the communities who want to build on what? And that's it. If they don't want to build on Bitcoin, they want to build on Bitcoin. They want to do something else. And maybe at some point they'll figure it out like, wow, this was the wrong platform to build on. We should have been building on Bitcoin from the get go. Only time will tell. But it's just interesting to me how that works out. I'll start doing shows with you and take over. Yeah, yeah. And George, George was the first. It was me, James and George. And George just got burnt out. George does three streams a day now. And George has like a car channel or something. And he's got kids and something like that. I mean, my kids are gone. So like, I don't know how he does it, but yeah, just too much. And that was it. Yeah, that was the reason. Yeah, grass is looking good. I mean, you know, it's always looks good. It's just Puerto Rico, everything's green. It's great. It's hard to say that anything other than Bitcoin is decentralized. Ooh, this is a good question. Any guess on which quarter of the year will bring the shopping opportunities? I think they're here. And we did a deeper, quite dive, because the prerecorded video is on the left there. Zoom out on Bitcoin and crypto for the full picture. We went over a lot of different things about price action and reset years, which the reset years are always two years after the all-time high. So all-time high was in 2013 for the cycle. And in 2015 was the reset year. 2017 was an all-time high. So 2019 was the reset year. And then 2021 was the all-time high. So 2023 is supposedly the reset year. And we talked about, you know, where things are going and the macro environment and things, just watch the video. But I think, honestly, there's some pretty good deals. Do I think this is the bottom? No, but I'm never gonna be able to time the bottom ever. I'm just not that smart. So, you know, I dollar cost average and I just take my sweet ass time and that's pretty much it. That's it. Yeah, so John says, hey, Rob, don't wanna rot the boat. We only do a deep dive on masterwork risks. I think it'd be very helpful. Look, masterworks is risky. Like it's risky, risky. But so are all other investments. It's just the truth. And then like, I know people were complaining like, wow, they're like 20% profit, that seems pretty high, but you understand. So like, here, I'll show you. So like, first of all, the risks are that the painting won't sell. And that's just true, but it's the same thing with crypto. The risks are, the price won't go up and people wanna adapt it and there'll be no utility and it'll just fail miserably. Which happened with, I hate to say this, but Dash. I know what people say, but it's building, okay. Dash and Salt, Luna, BitConnect, that was a scam. And a host of other cryptos that you can just say, you know, risky, they're all risky. They're risky as heck. And then with Masterworks, again, like the painting couldn't sell. And again, their job is to sell that painting. So like your vision for the painting itself might like, hey, I paid 5,000 for these fractionalized shares of this Banksy art piece, right? And you're gonna sell it too soon. I want you to hold out so I can quadruple my money. They're like, no, we don't think it's gonna happen. It's not in our best interest to holding this for, you know, 10 years. We're gonna sell it at some point because we feel like this is the opportune time for the market to sell it and they sell it. So they're not in your best interest. They're in everybody's best interest and actually more so for themselves. But I can understand it. It's the same thing with the hedge funds. Are hedge funds really working for you? They're really working for themselves. Newsflash for themselves. And then lastly, again, I will talk about, let me see here. Hey, baboon. So like the track record, and these aren't the only ones that they've sold, but they are the ones that are here that they have. Like I've got, let's see, they have a lot of stuff right there. Like here's some other ones. A condo, a Gilliam, a Brown, Olin. Yeah, they sold other ones like that. Those are the recent ones that I have, but it doesn't matter. So let's just say like there's, they're gonna charge you 20%, right? So the thing is you see this, you're like, what 10%? First of all, it's annualized, annualized net returns. And the annualized internal rate of return, net of all fees and costs, calculated from the closing day of the primary offering. So let's just say this. So 20%, so let's just say it's for a million. The painting, they bought it for a million, right? And then it increases by 20%. So let me use some quick math, 1.2 million. So it's $1,200,000, right? They sell it for 20% profits. Does that mean you get zero profits? Now that's not how it works. So for that, so for whatever your profits are, they're gonna take 20% of that. So let's just say that out of all that, you get, I don't know, 1,000 bucks, whatever you do, 5,000, 10,000. So your profits are 10,000, they're taking 20% of that. They're gonna take 2,000 bucks, they're gonna give you 8,000. If your profits are $10,000. Which I'm like, well, that kind of sucks. When I just do more on the crypto, you can, you can do it into traditional stocks. You can do it into gold and silver. You can do it into real estate, which is what I like to do personally. But again, I like to just diversify. And again, I don't do a bunch with masterworks. It's a very small amount. Here is my portfolio. I mean, it's mostly cash. Well, it's not, mostly it's real estate now. Cause that's what I primarily do. Masterworks is a little bit, the Gen for stablecoins, cash, Amazon business, 15% is staking, which I think is much lower now actually. 1% in the IRA and 5% in stocks. So I just diversify. So again, masterworks, fractionalized shares of art pieces, risky. Crypto, risky. Everything that you invest into, risky. So just understand what you're getting into. And that's, that's why, actually I, you know, like when I talked to them, it's pretty nice. Cause they just, I talked to them like 30 minutes, 45 minutes. And when they talked to me like, look, your goals aren't going to jive with what the last person was the last person before that. So we'll just figure out what's best for you. And that was it. Actually, I wanted to go in a little bit heavier. And they're like, no, you probably shouldn't because with the, it was the Banksy and the Basquiat. Basquiat, they said, yeah, I was okay. Banksy, they said, I was going a little bit too heavy because I was just getting in the name. They go, this one's not going to sell like super fast just so you know it. Again, two, three, five year olds. That's it. We would have a long answer. CryptoGolf or you are. I think people get more info in the bear market. They do, they do. You should see my comment section. It is a war zone sometimes. Speaking of which, this week, we're going to go do another Puerto Rico meetup. I will be buying the first round of shots. So whoever wants to stop by, it'll be at Smokehouse again. Stephen, hopefully that's okay. And then that's it. Actually, I buy the first round and they buy the second round. So it's pretty good. So we want to stop by. They'll be this week. Oh, I could use that. The market doesn't really get to me. It's just the other stuff in the personal life that gets me. Yeah, Teflon Tech's got a good point. We are in the anger stage of the market. It's okay. Look, I used to, it was pretty ticked off too around this time. Because around this time was, I mean, 2018 was the roughest year. And 2019, I think was just as rough because it was more boring. And when we were taking a look at everything, we're like, there's no way the crypto market's gonna come back because everybody told us that government was gonna destroy it. Bitcoin's gonna zero. Peter Schiff was all over it. He was taught in 2019. Woo, boy, you can stop Peter Schiff. He was like, gold's gonna go to the moon. He don't understand next year is gonna be a depression. That's gonna be awful. It's funny because he says the same exact thing every fricking year. So here we are again. And it was tough. And I was pretty, I wasn't angry, I was just kind of like, just deflated. That was, because it was so boring going at, but then I was like, well, I'm just gonna do what I thought I just would continue to do which is dollar cost average. Watch that video from the day because we go over the dollar cost average scenarios for Bitcoin, Ethereum, Cardano, Dash, and Salt. It's pretty good. What? Brian Haprov beat me at sweat coin. I'm gonna have to start walking more. Yeah, Gary's got a good point. I'm in the IDGAF stage of the market. What are you gonna tell 25? And you guys gotta remember something. 2025 is when I think we could see a bull market but what if it's not? And we talked about this before. You have to mentally prepare yourself to where you're like, okay, I hope it comes to this point but I'm gonna prepare for the worst. And the worst could be something going out to 2026, 2027. Can you hang around that long? Probably not, not all of you. Some of you can, but it's okay. Even if you don't hang around and just like buy every day and watch these videos and keep up to date with the market, it's okay. If you gotta step away, step away. We're still be here and that's that. I mean, I did it. In 2018, I took a big break because I was pretty deflated and I think months. And then in 2019, I took a little break again and then came back. So even me, inflation is here to stay. Yeah, probably so. Oh yeah, Winklevoss versus Barry Cyber. Starting the year off, right? Yeah, it's funny how billionaires can get into a spat publicly. It's amazing. It's amazing the world that we live in. But it is interesting. I was talking to a friend here on Saturday right before volleyball on the beach and he's owns a couple of different companies, trader, hedge fund, something or other. And he was just talking about how the Winklevoss sued him. They sued him and his business partners. And it was just the interesting story about how those guys operate and the things that they do be on the scenes. And it was just, I was like, if it was true, it's pretty shady. It's just, trust me. Everybody in this industry, you can't trust anybody. Even if your mom texted you like, hey, give me your mnemonic phrase, it's not your mom. Trust nobody. All a bunch of liars. Teflon Tech, 10-year bear market. You know what? That's a great point. And I just saw some, I thought, it's pretty good. I'm gonna probably do an entire video on it. Let me bring this up. So the big thing, and I've been grappling with this myself. Me and Jordan Wears were talking about this about the 10-year bear cycle, stocks. And what it came down to was a Stanley Druckenmiller. And his narrative that just like in the late, in the mid-60s, he said that we're gonna see a timeframe of a 10-year stagnation. And what he's talking about is this. This is gonna make sense. This is like, pull it up. There we go. Well, let me show my screen. Probably help, huh? So what it comes down to is this 1965. In 1965, we topped out around 860. Actually, that's not true. 870, 1968, excuse me. 1968, we topped out. And now this is for the S&P 500. And historically, it took a very long time to get back to 870. How long? Good question. It came close in 87. 87, let me come back. 1968, 872. It's close here. And that's not it. 858, roughly 87 and dropped off the cliff. And really, if you wanna really be a stickler to 1992 to get back to its all-time high. Isn't that scary? Well, check this out. And we talked about this before. This also happened before in the Great Depression, right? 29, we topped out 519, 375. It took us how long to get back to 370? 1937 to 1954. And also it happened over here in 2000, all the way to 2014, somewhere around there. So that's pretty bleak, right? Wait a second, check this out. This is a great piece. US stock market yearly returns, 1928, 2022. What did we just talk about? Well, you can see a lot of red in those times that we said, the Great Depression, right? 29, all the way down, 1941, exactly. However, what was it? 1968, it was a good year. 1967 was a great year. 1968, 1969, negative. Well, look what happened in 1970. Positive, 1971, positive. 18.8, positive. 73, 74, yeah, it was down pretty big. But look at 75, up 37%. And you can see we've got a lot, a heck of a lot more green than we do in the red. What does that mean? Well, it means that there's opportunities everywhere. There's a small, many bull market, even in a bear market. So it doesn't matter if we don't hit to all-time highs. Personally, I think it's ridiculous to think that we can't get back to $3 trillion in a crypto market. When that is the future technology, I think it's gonna help a lot of things. And especially with what I've been hearing from different companies about tokenization of securities, I think that's gonna be so big coming up. So when I see this and it's like, and then I take a look here, let me take a look at the tokenization, I just see myself in like, it doesn't matter. I don't see a 10-year bear market per se as far as all-time highs. I see opportunity. It's just gonna be a little bit harder. And you're not gonna have everybody being a genius all-time. Because it was easy to be a genius in these bull markets. And we got carried away. Even myself, who talked about Voyager? I did. I thought the VGX token would explode, although I did call it a 29 cents to $7. That's not the point. Point is it cratered and tanked and everything else. Sales is what I was good. That was wrong. Yeah, that's about it. And then of course, like I've had my shares of junk projects, that's true. These are the things that we learn from mistakes. We move forward. Now it's a bit, we're a little more careful. I see some of these products. I think there's some good runway out there. The problem is that everything is risky and people want assurances. I can't give you assurances. Just like that great question was about what's the risk of masterworks? It's risk everywhere. Where can you hide? Like even in real estate, even times I've lost my A on real estate, just bad deals and bad locations and things that just didn't rent out. Everything's risky. There is no guarantees and it just takes work. That's really what it comes down to. All right, I'll step off my soapbox. All right, let's see. This is not financial advice by Bitcoin. Yeah, I had a law firm marketing business. They do like to sue. They do like to sue, very nice. Do, do process. Do wheelies. Ponte schemes. CTO says, HODL sucks and he could be right. I watched the video. It was pretty good. I like CTO. He's got a good stuff. He's more of a trader. He's in that beautiful Larson line that he has. And yeah, I just don't like to do it. Give us your insider information. You'd be surprised at things I hear in Puerto Rico. This is like crypto, OG Alley. But just because you're an OG, here's another thing. And I wanna remember this. Just because someone got something right a long time ago when they invested in the Bitcoin, doesn't make them an oracle on everything crypto. It's just the truth. Like when I take a look at it and, you know, in 2012, I mean, I mean, Bitcoin in 2013 shot up to $1,000. What if he got into like 500 bucks, 300, 200 bucks? You know, you're like, well, I see the numbers go up and then it goes up and he learned about it. Like, okay, it makes sense. Yeah, does that mean that you're gonna know everything about everything about crypto and investing? No. And then some people will say, well, you should only buy Bitcoin. Look, even Peter McCormick, which we're just talking about, he was on his, what Bitcoin did podcast and he was with Lynn Alden. And he said, look, he goes, in all honesty, he goes, the store of value is pretty tough to assign to Bitcoin when you're dealing with specific shorter timeframes, especially people in third world countries. It's very tough for them if they make 200, 300 bucks a month and they put into Bitcoin and Bitcoin drops by 50%, that's not a good store of value. And he goes, I hate to say it, but, you know, stablecoins, even though they're built on, you know, as platforms do hold their value and he was right. So I just look at it with a grain of salt and just kind of a realist and try to get the best information I can. Okay, traders, traders are losing money. You know what you can count on one trader talking about? Traders are like gamblers. I mean, there's always gonna be that one gambler that's awesome, you know, but the majority are just degenerates. But like when I live in Vegas, friend will call him Pete. Pete, how'd everything go this weekend? Bro was awesome. I won $20,000 this weekend. I'm like, that's great, Pete. I mean, how did it go? It was good? Yeah. Are you up for the year or down? I'm down like a hundred thousand this year, but man, this weekend was sweet. 20,000, I'm like, yeah, that's the tough part. Faye is gonna be awesome, trust me. Well, yeah, I got two guys I can lean on. Oh, Vicki, this is an easy story. So the $500 for 500 Bitcoin, I think everybody knows this. Son came home from school. Hey, I got a friend who's gonna, this is in 2012. Hey, I got a friend who's selling 500 Bitcoin for $500 on a hard drive. You want to do it? He'll sell it to you and they go, great, what's a Bitcoin? And you know how you first try to explain what a Bitcoin is and it's kind of difficult? Well, that's what Alan was telling me. And I'm like, I don't get it. I go, that doesn't make any sense. It's never gonna work. It sounds ridiculous. And I don't see how internet nerd money is gonna make it in the world today. Fast forward, here I am on this YouTube channel three years later, or I mean, doing this for like three years now, crazy how things work. So yeah, I could have had $500 for 500 Bitcoin, but here's the caveat. I would have sold those Bitcoins so fast as soon as they doubled in price by boom. And I would have said, I'm a genius. That's it. Yeah, where are we? Yeah, diesel came. Tokenizing everything will be a great thing, but then government CBDC will restrict you from them. I really think it depends on which government rolls it out. You got it in China, the digital you on. America was chomping at the bit. Every European country is. So it'd be interesting to see how it works, but I'm not gonna say it. All right. Yeah, Axel says, Ray Youssef tweeted, we finally kicked the three month market place, 11.6 million humans are safer, integrity over revenue, who is next? Yeah, and do you fault Ray for that? That's his personal beliefs. We covered this video about a week ago or so. I got no problems with that. That's what you believe in. That's what you believe in. Regarding mail, maybe I put a disclaimer and pinned it in the comment section. I don't know it was a mistake. No. Let's see. Bob Lazar. UFOs? Oh, it's Robert Lazar. Well, this could be Bob Lazar. I was hacked, sure, dude, 200 Bitcoin, it looks like a whole lot. Well, I don't know, man. It doesn't make any sense. I mean, look, I've met a lot of smart people and smart people do stupid things. With your thoughts on VeChain, I don't really get it. I know it's great for tracking, should be good. Just not my thing. Jose Flores, what are three things you look for looking into a new project? There's four things. I call it the cut, the CUTT. We talked about this a lot on our second channel, Dan Degen, which I must admit, a Dan Degen channel doesn't have many projects. We review very few. The last one was, I think it was Swagcoin, actually. But the cut, which stands for the community, how big is it and how thriving is it? Because community is what pushes things forward, I believe. The use for utility, what the heck does it do? Is another MeToo type of product? Or does it actually do something? Or say it's gonna do something? And does it actually do the thing that it said it's going to do? And we take a look at the team. What has the team done in the past? Again, past performance does not equal future success. However, it is a pretty good indicator. If you've got a team that has already done a couple of blockchain projects and they have good marketers and they are VC backed or if they're backed by some type of deep pockets to push them forward. Unfortunately, that's just how it has to happen sometimes. Or they have a massive community like Cardano to push things forward. The last one is tokenomics. Am I gonna get dumped on? Are they gonna dump on others? What's the unlock periods? Those type of things. So I always look for the C, U, T, T, and that's it. That's it. Let's stop with this, let's see. Rob, when do you expect the all kind of regulation to start working 2023? Yeah, probably. They should rule out some things pretty quickly. Look, thank you to Sam Bankman-Freedman. Freed, Sam Bankman-Freedman, SBF. Thank him for ushering in regulation whether you wanted them or not, they're coming. And they're gonna move them forward because you know why? Here's how it usually works. Politicians wanna stay in office, right? The constituents get hurt by something. Today we get screwed over by this crypto exchange and crypto is evil and crypto-crypto and they tell them and then they go on the Roar page or the RAM page and you say, we gotta stop this crypto and these exchanges. Hold on, the smart ones get it that it's an exchange. And then they start to roll out regulation and then they can tell their constituents, see, I saved you guys, vote for me. And that's when it comes down to it. So you're gonna see that roll out pretty good. Pretty fast. Energy web, sure, I don't know. Luke will be okay, it's a caution. Yeah, it's a caution. I mean, if it's true, if he left it on him, if he left his mnemonic phrase or private key on a server, who does that? I mean, especially if you're a developer, I just don't get it. I don't know why nobody would do that. Like I'm not that smart, I know not to do that. So, you know, it makes a lot of sense. Just, and how hard is it to get a ledger? I think what it comes down to is people just are rooted in their own thought processes and mechanics of how they do things. That's just it. Jason says, hey, Rob Maddock is getting so many big companies investing, but price isn't moving near to all-time highs. We wait until 2025 to take profits. If the next bull run happens then, not financial advice, can't tell you what to do. It's just that me personally, it depends. Like me personally, I like to take profits along the way because then I have some dry powder and I can pick up when we have like these Black Swan events or something majorly bad happens or, you know, Jerome Powell comes out and goes, guess what, 10,000 basis points, or I'm just kidding, but you know what I mean. So on that, that's me. But a lot of people or some people are like, no, why would I do that? Why don't I take profits? That's gonna eat away from my eventual massive profits when I get to the bull run and I cash out near the top. Me personally, you are not gonna do it. You are gonna probably get too greedy and you're gonna also think to yourself, if it went up 300%, what's to stop it from going to 400% or 1,000%. I will just wait until it happens. And on that first dip, you're like, that's not gonna keep happening. It did go up 400%. Now it's down to 320%. I'm sure it'll keep going up to maybe 500. And then it goes even lower and lower and lower. And then you sell and you take profits how it is before. So like me personally, I just, I buy a dollar cost average. We did a video on that recently. I sell a little bit on the way because it greases the wheels that reminds me what I'm supposed to do at some point. For me, that's my goals. Your goals are not my goals. I don't know what you're doing. Is your goal to buy a house in Puerto Rico or is your goal to pay off your credit cards? Is your goal to leave things to your grandkids or is your goal to get a new, I don't know, Lambo, I have no idea. So again, everybody's goals are very different. DJ Boom, that's a pretty cool name. Are you replacing DC 11, their show? I am not replacing it. I am just, it's been asked to be on it called NFA, not financial advice with me and Guy from Coin Bureau and Ben from into the cryptoburse. That'll be fun times. Let's see. Jay Young Chow says I'm not gonna buy anything till Bitcoin is below 10,000 at least, not financial advice. You know what'll happen, Chow. You know what'll happen. I think I say Chow, but it might be Chow. Sorry, I think what'll happen is it'll maybe it'll get to like 10,200 and it'll just skyrocket back up. That's usually how it works with me. So Crypto McFly, I don't mean to sound like a recording but Monero solving all of this. It's one of those products I just never got into. But guess what? I'm gonna miss out on a lot more projects than I'm gonna get into. It's just how it goes. Ooh, interesting. Jay Young, tell me how to say your name in the comment section. Is it Chow or Chow? C-H-O-W or C-H-O-H-O-O? Camerajenamide's public holiday and they owe Genesis 1.6 billion and are trying to protect themselves in the case of bankruptcy rather than put customers free payment first. Six K Bitcoin. Okay, that would be crazy. Here's the question for everybody. If Bitcoin goes to $6,000, would you be buying? And before you say it, like, oh yeah, bro, I'd definitely do it. This is the same thing that I hear from people like New Year's Resolutions. You gonna get in shape this year? Oh, bro, you bet your bottom dollar I'm gonna get in shape. I'm going to the gym, I just signed up. I'll be there and then I get to the gym. I gotta tell you, first of all, I don't go to the gym. My gym is right there. But I remember when I used to go to the gym. January to February was the worst time of all times. All the rookies were there and they were doing the craziest stuff. And I'm like, well, good news, they won't be here much longer. And that's exactly what happened. Around March, April, they all thinned out, they stopped coming. So the question I have for everybody is, if you say it, do you mean it? Would you buy Bitcoin under 6,000? And that is on top of every news output outlet is talking negatively about it. And even me, I'll probably be saying, look, could go lower. Do you want to keep doing this? It's up to you. I'm like a sadist and like, if you want to keep coming, okay, but it's going to hurt. It's going to really hurt until the pain comes or until the pleasure comes and that could take a long time. You bet you're out of my way, but I also have a gym at home that I haven't been to in a while. Yeah, that's where all my clothes go. GT says, I buy 20 bucks in Bitcoin every day, no matter what the price. Me and GT are on the same page, actually. Mine's 40. And then when it starts going down, then I buy more, more and more percentage-wise. I think this peasant will buy. And this is another one. And Captain Hodel Baggins has a good point. It's one thing to buy at the bottom, but consider how long the bottom lingers. This is true. I would there buy on the way up when the sign of breakout is strong. You can do that. You can do that. And actually it's probably a safer way to do it. Just don't buy in the bull runs. And to see what I'm talking about, we just took a look at Bitcoin, Ethereum and Cardano and in today's video in the morning. So just take a look at it. When the breakout is strong, you can do it. I personally think that 2023 potentially could be a pretty good time to start accumulating a little bit more, more so. It really comes down to a couple of things. The macro, and we talked about this, like, you know, everybody says that Bitcoin's never been in a war. You know, I've never been through a war. I'm like, hasn't it? I mean, the Ukraine war is pretty awful. That's what we can admit that. But were we not in Afghanistan for two decades? Didn't Bitcoin go up during that time? That was a war I thought, not for sure. So I'm just like, yeah. I mean, and Bitcoin never was in a pandemic and we went through that, okay? So, I don't know. We'll see. DCA for the next six months. Logan Beard. Bird. Bird. Cho. See, I've been saying it wrong the whole time. Cho Tegum was in for a minute. See, see, Jay, you're gonna be here for a while. I mean, most everybody else, I can understand. Like, not Joe Fresh, I can pronounce that perfectly. Perfectly. The William, 11.2? No problems, whatsoever. I can also pronounce this name. Mike, nailed it. But on some names, I have a problem. So, speaking of FTX, Pat's got a good point. Judging from the connection between FTX and Deep State, I believe that gross over regulation was the plan. Regulation was the plan. I don't know if he's gonna be the fall guy or whatever else, but talking to the same guy this weekend before volleyball on the beach and he's a pretty big trader and he was talking about, he was a big investor into Luna. And he knew Doquan, he knew the inner workings and he said, he goes, Doquan wanted to back everything with Luna, with physical products or with securities, with actual real world things. But it was shot down and then he had to use Bitcoin and he said, we told him it was not a good idea and he went ahead with it anyhow. And he said, he goes, in all honesty, he goes, everybody knew, I guess the people that were in it, they knew that FTX tanked Luna and they did it for personal gain and they collapsed everything and they also knew that they did it because they wanted to get ahead of course, right, whatever. But unfortunately it caused their own ruination with three arrows capital and three arrows capital and then with Celsius and then with Voyager and now we're doing all those other contagion stuff. So by FTX doing that, I personally believe and I think a lot of predictions would have come true if it wasn't for that. If they wouldn't have been so damn greedy and tried to be a zero sum game, we would have seen maybe an extended bull market. Maybe we would have seen a hundred K, I think we would have seen a hundred K Bitcoin. I think we would have seen a lot of things. I think it really did come down to what FTX was doing behind the scenes and more information is gonna come out. And when he was talking about them, like, well, yeah, that's true, but when he told me about Doquana things that were going on behind the scenes and like, that doesn't make sense actually. Have you looked into insane clown posse? That's kidding. Internet computer protocol. I've been looking into it has been showing great potential. Yeah, but I think it's ahead of its time and who knows how it'll do, but if you believe in it, this is another thing. Invest in things you understand, right? Like, I'm not really good with stocks. I invest in a little bit, but some big stuff like Amazon, I have an Amazon business. I invest in the Airbnb because that's what we do. But for some other things, I don't really understand a lot of projects. I don't really get into them. I don't talk about them, but if you understand ICP and what they're trying to do and the inner workings, then that's a pretty good guesstimation of some of you should invest into because you know a lot about it. That's, I think, the bigger things. And you can also pull the plug faster because you know what the hell's going on. So if you're like, hey, I saw some really good positivity with the community or with the team and it looks pretty good, tokenomics are fantastic, but then you hear some other information behind the scenes that you're like, hey, they switched up something on the tokenomics, they changed the burn rate or something, I don't know. And then you know it and you're really into it, then you can pull the plug and go, that's not a good deal. Used to be, now it's not. Yes, loved it. Which is, one of the few movies these days that actually is good. Have you been in the movie theater lately? I'm more ticked off about the crappy movies that are being played than the market, quite honestly. We went and saw this movie Babylon this weekend. Awful. Mike's a new member. Hey, Mike, I can say your name perfectly too. So that's perfect. I like people that I can do those things with. 10,000 Bitcoin start DCA, can't be wrong. I mean, sounds good to me. Yeah, Mike's got a good point. Speaking of macro, the Fed board is unanimous and more tightening. Markets have not gotten the message. They have gotten the message. They just choose to ignore it, Mike. There's all these geniuses out there who are like, okay, I gotta tell you, as entertaining as Max Kaiser is, he's still called it wrong. And there's been a couple of different interviews where he's like, the Fed's not gonna tighten. Are you kidding me? They'll never do it, because they always talk good game and they never do things. And they tighten. And he's like, they're not gonna keep tightening and they keep tightening. He's not the only one though. A ton of other people are doing the same thing. They're like, oh, you know what? They're gonna stop tightening, they're gonna go back. They're gonna pivot anytime soon. You watch, you watch, you watch, wrong. The bottom's in. I told you it's in, it's in, wrong. None of them are right. The only thing that's right, which one's down? The only thing that's right is for you to understand what you're investing into, do your due diligence and take some risks around the way for what you're gonna afford, which would lead me to, have you seen these rules I've talked about? It's all gone. Don't invest more, you can afford to lose. Everything's a scam. Don't leave any exchanges. Don't use leverage, take profits on the way. Very simple. That's all. That's a good point. I'm gonna steal that. The crypto market is a war of attrition. You're exactly right. That's also good. Great stuff. Have an exit strategy before you enter, no matter the volatility. If you don't sell under your purchase price, you won't suffer loss. Yes, exactly. Understand you make profit when you buy, not when you sell. You make profit when you buy, not when you sell. And that's why I believe it is best to invest during a bear market. That's for me. For some people, it doesn't work out. But I show you some data on that video today. I'm telling you. This video here, zoom out on Bitcoin, probably putting that in Dante's crypto. And that's it. For real. Yeah, I'm gonna try to pronounce that name. I think you're just trolling me now. Let's see. I just put an order for a Bitcoin at 10,000. Waiting for a blockbuster to make a comeback. Me and you both. All those are the days. Give VHS tapes or go rent your favorite Nintendo game. Yeah. Yeah, and arts got another good point. $1.7 trillion spending bill. Unbelievable. We're gonna begin so much debt. Feel sorry for my grandkids. That's just how it's gonna be. Max predicted silver at $200 by now. Yes, there was some alarms going on in the background. Who knows? Maybe it's for me. Smash the likes. I forget to say that. Thank you. Nacho Fresh has asked this 10 times, so I'll just answer it. So Algorand. So, the first of all, the mooch was on the show a long time ago and he talked about how him and his group to due diligence, they put in $250 million in his investment. The person, I was gonna, Michelli, the person that's in charge or in the front seat, CEO, what do you wanna call it for Algorand was one of the originals for cryptography, Michelli. He was on Lex Friedman, good hour long podcast and pretty interesting. So I can see how, and they built a pretty good team over there and we'll see how it goes. I haven't invested much into it. Pretty much going by that. And that's as much as I can get into it. Okay. Thanks for doing this. Well, yeah, you guys are helping me. I'm just trying to keep my mind off things. Russian, I would guess so. Rusty Bodis here. What'd I miss? What do you think about the idea of Bitcoin suddenly being just so mathematically sound with what it does? Other things may just be not worth investing in by comparison. That's Saylor's argument. You know, he's pretty much rooted into that. Again, it depends on what you wanna do. If you're all here for decentralization to save everybody and root and run, I guess so. But in all honesty, I mean, the light now works for me along. I mean, once that really rolls out, we have mass adoption. We can see it. And before someone says, but Rob, you don't understand, there is mass adoption for lightning. Really ask anybody on the street right now, go out to them and say, have you heard of the Lightning Network? I don't know what you're talking about. Have you heard of Bitcoin? I've heard of it. I know it's going down. That's about it. And have you used the Lightning Network? First of all, I don't know what that is. So that's what you're gonna hear on the streets as far as like mass adoption, depending where you're at, of course. So as far as like, it's the only thing to invest into, it may be. Again, a lot of people smarter than me. I just hedged my bet and diversified. And that's it. And then of course people will say, but why wouldn't you concentrate your wealth? Concentration of wealth is what gets you rich. I'm like, yeah, well, look at all the people who invested into Luna, who thought that was the next big thing. And look at all the people who invested in different, I mean, every other type of stock that's out there. So I thought that was the big thing. You know who you don't hear from? The losers. You don't hear from the losers. The losers who invested a ton into something and concentrated their wealth and got wiped out, you don't hear from them. They don't wanna talk about it. But the ones that did great are the ones that are gonna talk your ear off and be on MSNBC and write books. And they would be like, oh, that's how it is. I personally don't think it is. Me personally, but everybody can do what they wanna do. Bob did a good question. Rob, do you have a strategy once the Fed pause their pivots, dynamic DCA? Yeah, because you know what's gonna happen when they pivot. It's gonna go down even more. Because once the Fed pivots, it's when they realize, man, we broke something. I mean, it could be. They might be forward thinking and be like, we're gonna do it earlier, but it's still gonna go down. Usually, I mean, historically, that's what it is. So for me, it's not so much about pivoting. It's just about right now it's about price. And I talked about this in video about a week ago. So right now the base for me is around 15K, right? I'm spending 40 bucks a day buying Bitcoin. It doesn't seem like too much, right? It adds up, adds up for sure. And then once it goes to 14, then I increased by 10%. So now I'm spending roughly 45, 44 if you wanna be a stickler, then if it goes to 13, I add another set of 10%, maybe 20%, 30%. And I go from there. And that's it. I just kind of keep going until I can't go no more. But the big principle is this, is the number one principle. The first rule, I don't invest more, I can afford to lose. If everything goes to zero tomorrow, do you know why I don't get too ticked off and like some people say like, you should take a shot of espresso before you do video. That's how I always am. I mean, I get ticked off at other things. I don't get down about other things, not perfect, but it's because it was easy enough because I have things to fall back on. And I think when people don't fall back on it, and then it's a big hassle on the problem. So that's why I diversify. Cause then I don't have to feel that crunch or that tightness in my throat. Like, oh my God, it is lost. My portfolio is down 95%. What do I do? Well, when you have other things, income, it doesn't really, you're not like dying. You're just like, well, that sucks. But you know, over time, it seems to work out okay. And just kind of keep telling yourself that, that's it. Max is go for broke. Go for broke. That's a good one. That's Gals's, that's what Gals says. Bitcoin is kind of naturally makes you into max after a while. Nothing wrong with that. Nothing wrong. I don't have a problem with Max's. I just feel like, like when they're telling people like they should only invest in the Bitcoin, I kind of feel like they're kind of giving financial advice. I don't know. Of course, here I am blabbering about diversification. So that's kind of financial advice if you think about it. Although the only thing I'm gonna assume me for someone says, Rob told me to diversify. I'm gonna soothe the pants off them. Realistically, I think Bitcoin is $1 million. Yeah, you know how it'll happen. Regulation comes in. We determine what is a commodity, what is a currency and what is a security. They adopt that globally. And then all of a sudden, things start being used maybe on top of Bitcoin, maybe a central bank starts to buy it. Oh, and maybe, maybe more sovereign wealth funds invest into it. Maybe it becomes more of a currency for different countries. You see that, it can go to a million. It'll take some time though, but it can. No, no. Not because I don't like Michael Saylor. It's because we know what Michael Saylor is gonna talk about. There's nothing I can ask that guy that he hasn't said a thousand times. Ugh. Ha, ha, ha, ha, ha. Bob, when you have guests and you show you to pay them for their appearances, no, period. No, you know what I like to do though? I have this other arm and this other mic. I've done a couple of live interviews here. I did two. That was it. I like to do some more in-person interviews right here. Have people come to the house, do an interview. I think it'd be great. You know it'd be great. I know like Mike Maloney lives here. If anyone knows him, reach out to him. Who is it? Kevin Cage lives here. He'd be good. Max Mayer lives here. He'd be good. Crypto Crow. I think he still lives here. I'm not for sure. Mark Moss used to live here, but he moved back to Austin, whatever. And then people who live here, that'd be great. That'd be great. Do you really think we'll have over 3,000 different cryptos in a few years? No. No. Here's what's gonna happen, I think. Tell me where I'm wrong here. So, Gensler gets his way. Everything's a security. They cleanse a commodity. Worst case scenario, right? Now you're a security and you're a crypto project. Now you all gotta pay. Most of you, not all of everybody, has to pay a fine for having an unregistered ICU or unregistered security offering, which is an ICU. You have to pay that fine. Not a big deal, slap in the wrist. Now you have to register with the SEC. Now all the exchanges have to register with the SEC. That's not a big deal. That's on them. But the projects that do that, and they have to keep everything up and they have to, you know, legal, legal-wise and paperwork-wise, and it becomes labor-intensive and it becomes monetarily intensive for each project. They start to collapse. They start to collapse. The bigger projects. There's my dog, Chloe. My other dog, Chloe. Chewie's didn't make it, unfortunately. And then from there on, you have them just start to collapse and then the projects, the upper, the projects that have made it and have a huge community, have great utility, have a fantastic team and great decent tokenomics, those are absorbing up the smaller projects. And it's the same thing that Facebook did. Do you really think Facebook couldn't have created another Instagram? No, they could have done it, but they wanted to buy them up. They think they couldn't have done WhatsApp? Of course they could have, but they did make it easier, faster, better. And like, let's just buy these people and all their developers and all their infrastructure and just make it a day. And that's what's gonna happen with these other projects that have the monetary foresight to save a little bit and when they go through with being a security. That's what could happen. And I think once it happens, things collapse, the Me Too movement goes away, the Me Too projects are gone and then they get rolled up into these bigger projects and you have Seymour monopolies. Then of course the United States government will like, okay, now we're gonna have to do antitrust laws, but that's a long ways away. That's what I think could happen and that's it. All right, that was a good one. Play pay for people, new. I should be charging them, just kidding. Oh, guess what? I'm gonna have Chad from Riot Blockchain on. I think he's their main, what is he like, the CMO? Not a CMO, he's one of their main guys over at Riot Blockchain. So I just sent him a text just to talk about the state of the Bitcoin mining operation because when the CEO was talking to MSNBC, they said that their break-even point for Bitcoin production was like 8,900 or 8,700 or 8,900 dollars, 8,900 dollars. So I wanna get Chad on to see what they're doing. They just had a massive amount of ASIC miners just shipped to their Texas facility. So I just wanna see how things are going. So I'll let you know when that happens. This is true, but do they pay you? No. I should charge them, but what was the point of that? Looking forward to Thursdays. Yeah, me too, should be good. What's today? Huh, Jesus Monday. Why don't you guys just do this? Whoever you wanna see sitting here and me interviewing them, just reach out to them on Twitter or their show and say you should go on digital asset news. If they live in Puerto Rico, I mean, if they live in like Idaho, it's not gonna happen. So yeah, he lived in like Rincon, he was a big surfer, Mark Moss lived in the rural area of Puerto Rico, everything was a hassle to get to. I've been to Rincon, I wouldn't live there. First of all, I'm not a surfer. And second of all, it's kind of out there. It's like a sleepy surfer town. I mean, you like to drink and surf as the best place in the world, I guess. But it's not me. And he had kids and things, so Chloe. Yeah, Chloe is almost 15, 15 years old. Yeah, see, ETH will not be a security or is it? So like, even though America does what America does, doesn't mean that every other country would do the same thing. Unfortunately, you know, as far as like the financial markets, a lot of different places tend to follow what America does. Because there's so much money here. I think that's what it is. And they're just like, oh, I almost deal with it. Unless you're Russia or China, see how that's going. But yeah, it doesn't have to be a security everywhere. Like XRP, XRP to me is not a security. Bitcoin logo does not require licensing. EasyNavali shirts, that's true. Yeah, we're gonna be in, because like we live in Puerto Rico, but we have to go back to Texas family and business. We'll be back there on April. So we've got January, we only got three months left here. And then we're there for a while. Now, yeah, the one with Chad's gonna be a video interview. Hilarious. First of all, so Peter Schiff is not, like Peter Schiff says bad is Michael Saylor. If you wanna like get the talking points, it's the same thing. Peter Schiff's gonna tell me how stupid I am and how dumb it is to own Bitcoin. And I'm gonna tell him about, there's a lot of good reasons and use cases for Bitcoin and how it compares to gold. And we're gonna go back and forth and then that's it. Ugh, exhausting. Convince me on Puerto Rico, what convinced you? I hate cold weather. And I like the low taxes. And I like beaches and I played volleyball my entire life. So I can play that here a year round. And the big reason was when we were on vacation, my wife loved it. So that's it for that. Robbie, you noticed an increase in poverty tax for Airbnb? No, actually I haven't. Even like our sports facility in El Paso, for some reason the taxes went down. I don't know what the heck happened, but I'll take it. So not yet, but I have seen that. It's amazing how like we talk about the housing market crash. It doesn't hold water here in Puerto Rico. I mean, they're still, and if you want to like places like Austin or Los Angeles or New York, doesn't apply there whatsoever. There's nothing's crashing. Everything's brought up for the same. You can get some deals here and there, but I don't see it where I'm living. Of course, I'm just living in some strange places. Let's be honest. I'm like those places, I just talk about like 5% of everything. Yeah. So Penny says, how do you think a significant real estate in 2093 might impact cryptos? Sounds like it could be a real possibility this year. I don't know. So we'll see what happens. Holy smokes. My guy's here. Look, we've got an hour and 16 minutes. I'd love to chat with you guys all night long, but I gotta get out of here. So thanks so much for stopping by. I appreciate it. If you liked today's video, and it was long, give it a thumbs up because you're subscribing to all good stuff and I'll see you guys on the next one. Let me go talk to my guy here. Adios, everybody.