 Great let me do the last set news my name is Rob and today just like the thumbnail and title suggests We're gonna take a look at just what happens in the bear market as far as building and I know that on this channel I've been quite bearish with good reason But I want to just take you down that that path which is the bear market is when everything gets built And it's all when all the good things happen So we're gonna go down a little bit of a road first thing we'll talk about is Bitcoin wallets are at an all-time high People are accumulating. That's good. We'll talk about black rock and Kraken and we'll take a look at a story about global electronics LG partnering up with Hedera and Their NFT marketplace and lastly we'll talk about a great video from fellow youtuber max mayor He's talked about Cardano, and then we'll do a quick Q&A. So first things first today. Happy Labor Day It's a Monday and today. I thought I just do like a quick video because I've been I've been off for quite a while in New York But a quick video just to talk about what exactly is going on and I know that Things seem kind of rough right now because we're in the bear market Everybody wants everything to go up in the bull market and things like that but just remember it's a natural cycle and I sent this tweet out a couple of days ago I said hey in the back of everyone's minds is the same thought Will there ever be another bull run or will we have a bear market forever? And I said typing typing that right now sounds ridiculous and it really is But it's just a natural progression as we go through these markets We start to think about like when we go into a bull market We sometimes think oh this will never end everything will go up forever And then that's when people get caught and of course we get to a bear market as we see just sideways action Choppiness and we put in lower lows People start to think man is ever gonna you know go away and it does it's just that you have to remember This is the time for building and we take a look at it There's a great chart again. Look on the bitcoin. It's a free website links in the description. It's got some pretty high quality Graphs for the bitcoin wallet sizes of more than one bitcoin, you know, we're at an all-time high today all time high So wallets that have more than one bitcoin Is that cash where we blow this up? we're looking at Addresses almost almost a million. Hey, look at that 900,450 and why does that happen? Well, it happens because When we take a look at this and we can say that hey, this is the time to accumulate now This is not financial advice not a financial advisor But it's a lot easier to accumulate when bitcoin price is 20,000 or whatever a heck it is today As opposed to 67,000 or 65,000 or 60,000 whatever So today is just one of those days where it's like, hey, this is exactly what happens in bear markets People accumulate and we build we build that platform So we can build up all these things and of course when the bull market comes in and everything becomes overheated It topples over and we just start the whole process again So just remember nothing goes up forever and nothing goes down for all time and then if we take a look at another story Black rock and kraken again the theme I want to focus on is building and this was it's a little story But I thought it was interesting about how black rock is to use the kraken subsidiary For a crypto offering. So this is what's happening Black rock be okay, which is the world's largest asset manager I think they have like eight and a half trillion assets under management. They used to have 10 trillion, but Even they're at a bear market just like us and they've lost some of their valuations and that's okay But this is when they start to build right just like us Last month black rock teamed up with coinbase To make bitcoin directly available to its institutional clients And everybody was talking about how great this is and how fantastic it is But just remember one thing that uh black rock is here to change their bank account They're not here to change the world So they're here to make a profit and they will sell and they will dump on you and that's just how it goes So just remember that people always cheer the institutions But just remember they've got to answer to a lot of high net worth individuals So don't think that they're here to hodl forever, but it's great when they buy in Anyhow the launch of uh are actually shortly after Black rock launched a spot bitcoin private trust trust for its us base institutional investors We all know that The launch of black rocks bitcoin funds a sign of how far crypto has matured as an asset class Benchmark ceo sui chung told coin desk great Uh cf benchmark falls under the crypto facilities group of companies a member of payword Which owns and operates crypto exchange kraken kraken bought crypto facilities in a deal valued 100 million So it's not like it's a big thing All they're really doing is just for for data analysis and they're kind of pulling in this This information from a kraken subsidiary So it's not like it's the big thing, but it's just a step in the right direction And again, they're offering that bitcoin private trust My question is is how many institutional investors are really piling into that right now as I think that it's uh, it's a pretty It's a pretty risky asset, but again, this is the time When big money smart money whatever you want to call them. It's when they start to accumulate So let me what you think about that in the comment section And then we'll talk about uh, this one global electronics lg And hedera hashgraph and this has actually been going on since 2020 as a matter of fact, I just found it interesting about what's going on So lg electronics launches nfc platform. Let's users buy and sell digital artwork I don't really care about the artwork of nfts. I care more about the functionality and we'll talk about that in a second But this is just interesting about how things are being built so lg electronics said today it's released its uh, nft platform lg art lab, which lets users discover buy Sell and trade nfts on the smart tv's on lg smart tv's I think that's interesting. I don't know and people are going to sign up for that But maybe just uh for the novelty of it. Sure The announcement comes roughly eight months after lg electronics said its press conference that it plans to incorporate nft features Into its smart tv's so just one more avenue one more exposure This is where it gets interesting lg electronics partner with hedera network hedera hashgraph walley walley pto built on hedera has been developed since september 2021 The partnership between hedera and lg electronics was initiated in 2020 When lg joined the hedera governing council, which includes google ibm dutch telecom and indian institute of technology And uh, one of the representatives said that hedera allows users to transact for less than A fraction of a penny A fraction point zero zero one cent per transaction With no high gas fees or hidden cost meaning that there's no hidden costs associated with the nft platform And that's the big story. So i was thinking myself Well, if it's going to go that route I got to tell you right off the bat That's pretty good If you take a look at the at the transaction fees for ethereum, even though We're in a bear market and people aren't using ethereum as much I think we're on three dollars since some change Correct me in the comment section, but if you get that down to a fraction of a penny I think then you start to talk about Adoption, I know people talk about the mergers coming up. Everybody's super excited. That's not going to change the fees I'm sorry folks You're not going to see that until the third leg as far as sharding comes into the play So we still get a long way to go with ethereum, even though everybody builds on ethereum Everybody talks about this but here's another option hedera So this led me to Just the thought process if well first of all how much does hedera cost because i'm an investor And right now it's six cents And it looks like they're doing a lot of things behind the scenes and working out with some pretty big individuals So i'm like, well, what's six cents now? What was its all-time high? Well, it's all-time high was about 48 cents or so 48 cents And that was in you know, the big bull run september 2021 And then of course it came down it came up a little bit and now here we are down here. So This is an investment advice But if you like what you see as far as what's going on with hedera And maybe if you think wow, I think you can go back to its all-time high then you'd be I'm can't give you advice, but i mean six cents to To 48 Almost 50 cents That's not a bad play If you wanted to dollar-cost average and into it and then when it came down to nfts I'm not a big believer in uh artwork of nfts and just not however There's this great graphic I've been showing a couple days now And it just goes over what nfts could potentially be in web 3 and of course we talk about identity and tickets Tickets and passes artwork. I don't really care about pictures property intellectual property real estate Voting records medical records crowdfunding financial nfts And there's one here. I mean medical records and memberships for digital access is cool legal documents degrees But this one right here Emails and messages. I was like who the heck is going to use nfts for emails and messages and then there was this tweet From sam bachman freed someone was complaining about They were using they were being their own email server and they couldn't do it Because it's just dominated by like the googles and the big corporations And they just stopped doing it. So sam said here Well, honest question here is the answer to make it so that you can pay a penny To guarantee that your email makes it and isn't considered spam Would that solve the spam or self-hosted server problem? I thought about this because I don't know about you, but I have a lot of spam in my email And there's a lot of different issues with hacking and phishing and those types of things and it's because email is free to send And sam really breaks it down. It's like, well, what if you could just send send it for a penny? I'm like, that's pretty good. That's actually a real world utility, right? If you could use it as an nft on web 3 devices I would sign up for that But there's a caveat here and I said hey Um, I would vote yes for that. I would pay a penny for every email I send for my personal account if it was a penny I don't think it's going to happen on Ethereum but maybe on hadera for a fraction of a penny And I said for a business that has over 40 000 members that dan teaches crypto A mass email would cost me 400 dollars to send out every time to update people when there's a new video available And of course, that's not going to fly with me. So the cost would have to be much less than a penny And of course Where would that happen? Well? Hadera sounds pretty good for that And then just so you know Like well, how much rob do you pay to send out emails? Well, I use this place called a webber It's an autoresponder And uh, we've got over 40 000 members that's uh, dan teaches crypto 100 free. Check it out All the information that can possibly muster is in there And uh, I pay this roughly 150 bucks per month to send out emails and they're not spam. I send out very rarely But uh, as you can see If I just if it was a penny or 400 dollars, that's not going to happen And even a fraction of a penny This is where we go to a mass adoption and I think there's options out there And now I see that there's actually hey, there's some actual real rule utility that actually makes sense to me For emails and other things. So let me just think about that in the comment section Let's finish up with uh, just real quickly and we'll get to the q&a. There's a great video and uh, it was put out by My Max mayor and if you don't know max He's got a great youtube channel and uh, he talks here about cardano He talks about uh, what's going on as far as the product's being built specific products that he or products that he likes He talks about uh, world mobile. He talks about meld. He talks about liquid products that I also like myself And he just talks about how you know, it's and when he makes the case It's almost like this is ridiculous to call it a ghost chain And uh, I just have to tip of the hat to max for putting that out because it's hard being out here Getting attacked by everybody when I say hey cardano looks like a pretty good project And I don't see how people can call it a ghost chain And uh, just watch that video the links in the description below And then also if you want to find out, I mean what I talk about as far as like the ghost chain Uh, there's a link also in the in the description Or I talk about cardano the ghost chain. Here's the ecosystem in 2020 2021 November 2021 and then april 2022 and there's so many I came and put it on there And this is a little bit older as far as uh relation to max and then we just go over all the things that talks about Transactions per second and adjusted transactions all those things. So It's just good to see other people talking positively about a project that I invest into and uh, if you hate cardano or love cardano I recommend that you check out the video because maybe it'll change your mind on some things Maybe if you love it, you're like, wow, it's really just suck. I mean if you hate it, you like maybe I should take a look at it Like cadera I never really thought much about it until I read that article and that's what it's all about So that's it for today. It takes care of the news And uh, that's all I gotta go do. Uh, I got a barbecue to go to so I'm pretty I love food So, uh, I'm pretty jazzed about that and we'll play a little volleyball after that and uh, actually before that So let's do a quick q&a and get into it. If you got to take off get out of here. Uh, it's a monday It's labor day here in the states. So we'll do what you got to do