 time sensitive now you want to stick around. Let's ask Wes some questions that I cannot answer and we'll go from there. First of all, what's your footy team that you support over there? Football team Arsenal. I'm not going to annoy too many people that yeah. Arsenal is my go-to. All right. What about you? Who do you support Rob? It's all football over here. I guess the package just lost today so that's about it. No, we don't really care about soccer. Yeah, yeah, yeah. Didn't you get Messi? Messi came over? Yeah, yeah, yeah. I think he came into like what the, yeah, because I think he plays for Miami. Yeah, yeah, yeah, yeah. And that's a big thing. Everybody loves Messi. Tom Crown says, wow, his channel is only like a year old. He's got 10,000 subs. That's pretty good. It's actually going to crappy bear market. That's impressive. Yeah, we grew really fast. We have grown really fast. Yeah, it's been good. Yeah, let's see. And then Hajami says, F the ETFs, Bitcoin never needed Wall Street. We own this, but you all got hype. The influencers, ETFs in Canada didn't do anything to Bitcoin price. And you know what? Hajami is absolutely correct. For those ETFs in Canada, they didn't do anything. And even if you take a look at the history of ETFs, I'll show you right here, you can see that, first of all, the futures ETF, I remember this, when this came out, this was on December 17th, that marked essentially the tippy top of Bitcoin for that cycle. It was at 19-6. CBOE futures came in and crashed the market. And then if we can take a look, moving forward, of course, Pro shares Bitcoin futures ETF, Bannec Bitcoin futures ETF, and of course, there was one on here from Valkyrie, Bitcoin futures ETF. It was on 2021. It pretty much marked the top and just kind of collapsed everything. It's just like these ETFs just have really crappy timing. I got sucked into the, I was looking at the gold ETF and the run we had on, because it was spot, right? Futures and spot, two very different things. And I kind of got sucked into the BlackRock. They're on the news channel saying it's the new digital gold. And I thought we was going to see a bit of a pump. I didn't think we was going to rock it up to 60, 70K, but I thought we was at least going to push 50, 55K. I don't think anyone expected a grayscale to be selling half a billion dollars worth every single day. And the last time I checked, they were still selling half a billion dollars worth every day. They have around, I think they've got $22 billion worth left. So there's been massive sell pressure. I think Fidelity and BlackRock did buy over a billion dollars worth, but the sell pressure is just too much at the moment. Yeah, it's too much right now. And between us, it's just us and 1,200 people, I personally feel like I never have accumulated enough ever. So like when I see these prices go down in my back mind, I'm like, Oh, thank God, because now I can keep buying a little bit. I know some people, like if they're going to go long, it's not the greatest thing of all time. But I know even on your channel on the last video you did, which is a great video, matter of fact, because he talked about you're like, Hey, you know what, I thought it was going to be a buy the news event. I wasn't, but this is the time to sit back and start to accumulate. And you just pivoted perfectly. I think that's a way to look at it. Yeah, yeah, absolutely. I don't sell, I don't swing trade my long trades, right? So I'm very bullish on Bitcoin. I've not sold it, you know, since since we brought it coming out of the bear market, projects like Render, I'm super bullish on Render. And if the market dumps and pumps, I just hold on to it. Casper, I mean, we've been holding Casper since 2022. You know, I'm not selling it. I'm not dumping it. I've taken out my initials out of all my long, long-term holds. Render is one of my favorites. But the high risks I do swing trade, you know, I tried to make like Olas, I made 500% in two months. It's a lot of money. It's a lot of money. So, you know, I'm taking the profits and then I'm reallocating them into low risks. And the market has a pullback, maybe I'll buy some more Render, maybe I'll buy some Casper, you know, bit more Bitcoin or Ethereum. And if you make, if I make 5x on Olas, why not put it into Render and then try and make turn that into another 5x on there or a 10x and you're up 50x, aren't you? Just on a lower risk play. See, that's right there. Gold, everybody. So when you're taking a look at like, you know, what should I do for these things like you had to understand like these low cap gems, these are not like I'm going to keep in there and just right all the way the top. Take them out, put them into something that's that's that's a mighty higher cap and a lot less risk and kind of go from there. And I will remind everybody, everybody says that, you know, that, you know, Bitcoin is is not risky, even Bitcoin is risky. If you want to do something that's that's less risk, have fun with the savings account at 0.02% interest annually. But that's just how it goes. So just be aware out there. Yeah, I think I think if you held cash, if you held like $100,000 in cash for 15 years, it's now worth about 60,000. So you're still down like 40% over the last 15 years or so against Fiat is crazy. Dude, there is this site. There is this great site. It's from price and Bitcoin. And actually, it was Sam, my financial friend showed me to me. And it was like, you can just take a look like I always like to take a look at housing, because everything's price and Bitcoin. So the United States meeting a new house. Actually, you know what? Let me see something. Let's go to housing. Let's go to UK average house. And let's go for five years. And let's put it at just strip Bitcoin and compare it to Fiat. Holy smokes. So like, damn, you guys had expensive houses to 233,000. This was back in 2019. And of course, at that point, you would it would take 56 bitcoins to pay for that house. But then right around here, and this is kind of like that, that inflection point for everything. November 30 2020, we're just kind of flipped the price of a house kept going up as they always do, because we lose our purchasing power. You know, at this point, geez, you guys, your average median prices are 281,000 for a house, but now it only takes you six Bitcoin to buy that same house. Unbelievable. And you can go and everybody, again, it's priced in Bitcoin 21.com. I'll link in the description, but you can go for everything you can go for crude oil. You can do S&P 500 gold, silver, beef, eggs, eggs for some reason is the only one that does well. Live cattle copper Dow Jones and it's a pretty great because you can just when people say like, what's the whole point of Bitcoin? Well, it protects your purchasing power. I can see we can see that very clearly right there. Yeah, absolutely 100%. Let's see. Army Piper. Texas is one of 17 states that is that does property tax exemption exemption for 100%. I think this is for disabled active veterans. And this is true. So if you're an army vet and you're disabled, you don't have to pay any taxes on your property. I wonder how that works when you shift it over to your kids and stuff like that, which is what I'm gonna get to do soon because I'm old. That's how it goes. All right. Let's see. Fiat routes. When Mullet, who is a trader in Florida, or maybe back in Chicago, I'm not for sure. He says he's never selling its pepe. It's the new World Reserve currency. Don't you know, I have to disagree. I mean, it could have been, it could have been, but who knows? Arsenal is the best football team. That's got a good point. All these ETFs in Canada, they were good, but they didn't have black rock shilling. And I think that's where we're gonna get sucked into it. I think you talked about that was about Yeah. Well, I mean, they managed like 12 trillion, 12 trillion assets, but they are going to be a market manipulator, right? But the way I was looking at it is they have a lot of investors that are invested in black rock. And they're talking to their investors, they're talking to the smart money, right? And they're saying, we're buying Bitcoin, we think it's going to be, you know, revolutionized the financial space. And I don't think it's going to be a two, it's not a two or three year play for black rock. I think they're looking at this, you know, for the long term, I think this is going to be 10 plus years that they're accumulating a load or not. To imagine 10 plus years of them accumulating? I mean, what is that? What does that put us? I don't know. Because you black rock up. I mean, black rock are pushing like 12 trillion assets, 12 trillion and asset management. I mean, just like even one to 5% of that would be insane. Then you've got Fidelity, Ark Invest. There's so much money there. There is so much institutional money and a lot of it's been retail, right? A lot of it's over years. A lot of it's been retail. And now we're starting to see, I mean, we're going to see financial advisors that are going to be allowed to promote Bitcoin to the average farmer to the average builder. We're going to see Bitcoin adverts on the mega bowl, right? I think I think the retail pharma we're going to see as the institutional adverts roll out the Coinbase adverts had me going and I'm a crypto maxi. And I was like, yeah, they are taking our money. And I was getting angry. So I think that whole movement thing, it's not just to buy crypto get rich. It's a whole don't let the system rob you, you know, that we're being charged more for our rent, our cost to live ends going up. We have to work two jobs, we have to hustle just to get by. Why not create our own new system? And I think that's where we're going to get a lot of people come on board. Yeah, well said. And you know what? That's that's the thing is that everybody right now, if you're watching the stream, congratulations, you front you front ran the largest institutions on the planet. Yeah, I don't know if you realize how important that is or how hard it is to do. But they're the ones that are sitting on the sidelines where you were the ones that were actually dollar cost averaging and purchasing these cryptos and digital assets, most specifically Bitcoin, because they want that from you. And just like Wes talked about, it's important that you actually maintain your purchasing power because everything else is sliding down. We just took a look at it. Again, look at that website, price them Bitcoin 21.com, you can see exactly how bad it is. So was Yeah, well said. Jesus Louise. Here's a good one. This is about Roth IRAs. So if you have money locked into an IRA, you don't think it's a wise investment to invest into a Bitcoin ETF because you can't self custody. This is a great question because I don't know, Wes, what you guys have for retirement accounts over there. My audience excuse a little bit older. So they're actually asking you about these things here we have what's called a Roth IRA. And you have you have different different versions of that. But essentially, yeah, what do you guys have over there for your retirement accounts? We have it's kind of like a forced pension they take X amount of your wages. And it goes into a pension that you get when you retire. But I'm not a massive fan of that as we talked about with the cash depreciation. Is it going to be worth much in 30 years? You know, who knows? Exactly that we have something like that is called social security, which somebody laid out a pretty good, a pretty good case. They said, if you're taking x percentage, you know, two to 3% or whatever it is for my for my account over 30 years. And then of course, that it takes 30 years for me to get that back. If I would have taken the same amount of money that you guys took my social security and put it into just a standard S&P 500. It would have been a nice 7 to 9% return. But the return that you give me is 0.3%. So that is that, of course, is the government social security stuff. These IRAs, these are something that you do with a company, and you can take your, it's either post or pre taxes, you can purchase stocks, you can purchase cryptos, what I personally use is the I trust. And you can when you take out or when you sell your crypto if you ever do, it's tax free. So like with us, like I've got a Roth IRA, this is an I trust, and I purchased pretty much nothing but Bitcoin and Ethereum in there. So when I turn 59 and a half, which isn't long, coming up, when I take that out, I don't have to pay any capital gains whatsoever. That's the beauty of it. Now the question then is, well, Rob, you've got these rules up, which is, you know, not your keys, not your crypto, which is very true. Can I custody that use an IRA? No, you can't. And this is one of the exclusions. There's rules out there. And there's, there's different things we have to look at to make sure that you know, there's like little nuances. And this is one of those things. And the reason why I say this is because even swan Bitcoin, Kim Langer is like a super Maxi. And he even says that for our Roth IRAs that we do, we can't, we are, you can't custody that, you know, it has to be custody by a third party. And this is why there was a case McNulty verse commissioner. And imagine this, somebody tells you that you can self custody your gold, you do that for 2030 years, and it appreciates massively. And then when you go to sell it, they go, no, no, now you have to pay the capital gain stacks. Like, no, no, well, someone told me I can custody it in my IRA. No, you can't do that. McNulty verse commissioner ruled that although an IRA can purchase certain types of precious metals, those metals must also are always being the physical possession of a trustee or custodian. Thus, when Miss McNulty as the manager of Green Hill, which is her own IRA owned LLC took physical possession of the American Eagle coins. She was deemed to take a taxable distribution of the value of the coins, because Miss McNulty did not acknowledge this taxable distribution on her personal tax return. She was subject to additional penalties. Sorry, that's pretty shitty. But this is why like, for these IRAs, it's a very small percentage, and I only allocate because you can only do so much per year. And as a reminder, you have until April 15. So check that out. It's a great question. It's a lot of nuances. So sorry, I was a little bit rambly. Mark, yeah, we have a we have a stock size. So where you're allowed, you're able to invest 20,000 a year into stocks, and you don't pay any tax, no capital gains tax on anything you make on top of that. But we don't have it for crypto. And it's been asked a few times. And if the UK have said that they want to be one of the financial hubs of the world for blockchain technology, so we might see that integrated. And that would be great. That would be great. That would be great. Wow, 20%. You know, in Germany, they have it to where whatever you buy, if you hold it after a year, there's no capital gains. Yeah, great strategy. Yeah, no kidding. Speaking of which, the Shaolin says, Rob, I diamond hand for the same reason I DCA, I don't know the top or bottom, or no, if they're going to turn a low numbers, however, after eight, eight years, my diamond, my diamond handling, handing loser battle cry is working just fine. If you can, but this is it, Shaolin, remember, I said, for most cryptos, this is not a good strategy. And I will tell you this, let's do this. There's a great website by marketcap.com forward slash historical, let me pull this up. Bitcoin is a different. And that's why like, I don't have problems for having 70% of that my portfolio, I think that's one that's going to make it. But let's see, let's go back to 2016. Let's go that's roughly eight years or so, let's take January, I don't know, 17th. Look at these top 10s. Bitcoin XRP. If you would hold XRP point 005, you would up pretty well, light coin, what's light coin worth today? Let's see. You're probably up big time. It's the one of Tom crowns favorite plays 70 bucks. Look at that. $3 $9. Yeah, not bad. Ethereum over 2000 dash, I have no idea what that is. Dash has disappeared off the radar, I think. Yeah, I think it's probably still on the top $28 now $28. See, there you go. So five dollars. But can you imagine five bucks, 20 bucks, but it's but again, most cryptos, pure coin doesn't fact them stellar. Okay, emmercoin, bit shares, NXT, made safe coin, buy coin, YB coin, name coin, Monero, there you got me. grid coin, NEM, I'm not for sure. tether is tether. Nobody cares. Clams, counterparty, but you see where I'm going with this. Shaolin, you were exactly correct. But I'm just saying for most of these projects, if you diamond hands yourself to death, it's gonna be very bad. Although I will say I would like to see something. You guys go to into the cryptiverse, you know, but I'm gonna show you but there's a DCA strategy, it's free when you sign up. Let's let's say Shaolin put 1000 bucks into Bitcoin on 2016, January 21, and he held it. That's how much you'd have right there. That's amazing. Wow. 100 2000. But you know what, what you he would have had if he would have sold at the top 164,000 working, you can't do that in S&P 500. That's crazy. No. I think I think there's a famous saying called shiny, shiny new coin syndrome. And what you have is a lot of people, when we go into this ballroom 2024 2025, we're gonna see a lot of tokens like maybe Casper render taking off and then we're going to see the money that sits around in Kadana or XRP or some coin that's going sideways. They start to ape into that to the pumps, right? They chase the green and they sell the red. And that's why I try to always stick to the new tech. And then the tech evolves as right evolves as well. So I stick to the projects with the new tech and the ones that are building, you know, the ones that build and that would I think so be a good saver for this one. For Mike, he says, I got a hard time buying. I hesitate thinking it will go lower to get a better entry. I don't buy than a pumps. I regret not buying away again. How do you get? How do you circumvent that was on chain data? I like to look at on chain data. So a lot of the smart money are pretty good. DCA and if you look at olas, they waited until it hit about $4 and they started buying again. And then it kind of found a flaw. So I do monitor the on chain data and I know not everyone can do that. There is a free website called Arkham, which is completely free where you can monitor on chain data so you don't have to pay for Nansen. So I look at the on chain data and then I also look at the technicals. So I have my trading bot that I use that helps me find buy and sell signals. I think I shoot I think I've shown that to you before. I don't know if I can get it on here. But I use the trading bot that sort of helps me get get flop by signals. And then DCA, right? I dollar cost average. So I don't just go all in if I have a 5k bag that I want to invest into something or just put one K in one K in as it goes down, it goes down just get your average price. No one can predict the bottom no one can predict the top but we do have pretty good tools that help us find a rough idea of where to buy it. Awesome. I like that. Guys, I'm going to do is I'm going to put this in the comments section. It's arkham intelligence.com. If you want to take a look at that for sure. And then Tony's got a good question. Once you sell, where do you store your profits? Short term, long term stables? Yeah, so USDC, I go into USDC in a bull run. So I store my profits USDC, I split it a little bit into USDT. I was the deep egg scared me on the deep when the USDC D pegged and I saw smart money was selling their USDC. Some people with millions of dollars took a 200,000 loss on USDC. And I was that really scared me. Because I just seen lunar collapse as well, right? I was like, what do I do now? And technically, it was the right thing to do, right? Because your USDC, you don't know what's going on. You see it collapsing, you just think lunar collapse. So it might sound crazy, but taking the 200k loss was actually the right decision. And then the rest who took a leap of faith, some even longed it ended up making making their money back. But it does scare me. So I tried to diversify Bitcoin USDT and USDC. If you're in a bull run, then you're expecting Bitcoin to hit all time high. To me, it's better than holding it in Bitcoin than it is USDC really, because you know, you're at least looking at one X from where we are right now. Yeah, that's a good point. Yeah, just take it into stables. And I want to say this, like, in the old days, like when I was growing up, they, you know, my parents would tell me all you got to do is just save your money and a savings account, work at a good company, get a pension, retire, live your life, which is like the worst advice ever, because they got me they couldn't see it happening, they couldn't see what was coming. So now we know what that's not going to happen. So I think for everybody that's out there, when you start investing and getting into assets, whether that be commodities, whether that be precious metals, whether that be equities, whether that be real estate, or of course, digital assets, I think when you're into there and doing these things, you'll probably will never stop. Because the purchasing power of any fiat currency usually goes down. And it has problems over time. Now, the US dollar has been pretty good for so for so much time, but I don't know what the Dixie is today, hopefully it's a little bit stronger. But again, I think when you when you get into this this game, it's like, you're going to come in, but you're not going to get out. Yeah, absolutely. Let's see. This is interesting. This will be I knew a retired pensioner and it was cheaper for him to spend six months in Thailand, and spend money heating his home in the UK. I know a guy, yeah, a guy over at corn bureau was was talking about this on our last, he was saying like, how much how high the prices were. It's crazy. It's crazy. There's, I think I can't remember what the stats are, but I think at least 40 to 50% of people were struggling to pay their heating bill this Christmas, which is is sick really. I was in I was in a shopping mall shopping market the other day. And this kid was talking to another kid, and they they both worked full time jobs. And he said, are you going to watch that new film at the cinema? And he said, Oh, I don't think me and my girlfriend can afford it this month. But hopefully we can next month. And they will work in full time hours. And they couldn't afford to go and watch a film because that's how much the cost of living is hitting us at the moment. So I've been doing so I've been doing two jobs or side hustles during the bear market. I worked two jobs all day through just so I could buy crypto because if I didn't, I wouldn't have been able to buy crypto. And now we're up 1020x. And you know, it's been a great decision. But it's not easy. It's not easy right now. And you do have to kind of put the work in if you want to try and escape. That is that is that is amazing. All right, everybody, I think that will that's a great story to leave it right there. So again, if you're looking for someone to follow and get some really good insights and especially what's going on, you can follow Wes. His links are in the description. He's got a YouTube and X account. But Wes, thanks for coming on for the first time. We'll definitely have you back buddy. Cheers Rob. Appreciate that. Have a good day everyone. All right, everybody. Thanks so much again. Like and subscribe and we'll see you on the next one everybody. Adios.