 So that's it. So thanks so much for stopping by. I appreciate it. See you on the next one. Let's get to a little Q&A and That I got burned on the sweat coin thing Let's see. Ah, this is a good one. God, I used to think you were a decent guy But this is the second stream where your bold face lie. No Lambo for you I hope you're still on this on this stream because I'd love to you to tell me exactly where I lied about also Conning von Prüben. Hope I got that right pretty stupid the shill sweat after that rant Okay debatable not great news is good news in this market terrible news is the new well that is true There is nothing and you know what even if good news comes out in a bear market just gets overlooked and even if it like some of the the good news that like comes out recently that would like Usually we just rock at the market up but in the bear market and we all kind of feel it. It doesn't really matter One man army sweat coin gets you into a pool. No, that's not true. This is just a green stream This is a green screen. I'm in my mom's basement. So yeah, that's it. This guy is a clown. That is true You have a point All right anyhow Okay, so you're in sweat point by walking What does it do beyond that the bias junk or discounts as you get with the honey extension? So when you take a look at let me turn this stupid thing off when you take I did the deep dive and it talks about monetizing your data and You taking the data that is being collected by sweat coin which they have never sold your personal data like Facebook and all the rest of them do But they give that option back to you and you can sell those to your employers to insurance companies to national health services Or whatever kind of service you want to and you can monetize your data in the way that you seem fit And this is all regulated by the Dow. So There's seven different layers of revenue. It's it's this is not the scope of this video watch the deep dive All right, and then this is a great question DJ How do we trust the sweat token app? What data is it's tracking tracking everything the big question is Who is selling it and from what I gather from light paper and the conversation? I have with the CEO which is in the deep dive. They do not sell any of your data. So that's what One man army again, you are on fire. Oh my god so much garbage. Okay They get and this is a good one The shallon 015 says they get the unemployment rate from the amount of people collecting unemployment checks This is true I am unemployed and I guarantee you that I'm not included in that number because I'm not collecting unemployment and that really comes down to the shadow economy and The same thing is over like where we live in Puerto Rico There's a lot of people that say that they are see if it's a it's it's it's a flip-flop A lot of people say that they are unemployed and they collect unemployed check But then they go work in certain odd jobs and they say pay on the table because I can't You can't report I want to I want to have two incomes and of course people will sometimes do that Because they get a discount for a labor. So the two sides the same story Verdi Hey, Roberto, how come when I say rate hike is already priced in they raised the predicted amount and price of things. I Don't know but that seems to happen a lot. Everybody tells me that everything's priced in like is it something the price doesn't No one told the price James I just got in early 2021 and I'm soup to punt to be able to DC at his level that is the way to think James Good job. I can't tell you what to do. This isn't financial advice. I have my five rules I'm always talking about but I think In the bear market is where I've made all my money before I have where I'm gonna make all my money again Or more so just by dollar cost averaging and being safe and not getting into too many crazy projects now I'll run Dan D gen that second channel. That's like straight gambling. Just kiss your money. Goodbye on that one, but There are some ones we've done pretty well and we talk about them over there, but those are risky. That's like 5% of your portfolio 95% is just straight head down pale lunch bucket go to work Do your dollar cost averaging? Being there for the long run very boring very repetitious. That's what this is. So Not exciting Adam. Do I still owe my loan back on Celsius? I was margin called liquidated and does that affect my credit score? So that's what is a good question? First of all to my knowledge. They don't report you to the big three credit companies As far as I know now I personally was liquidated to on my Celsius loan what I did was I took a loan out to help pay for part of my home in Puerto Rico and because we had to pay straight cash for the whole thing and when it came about I Was traveling in Europe for the guy coin Bureau conference and Unfortunately, I missed a couple of margin calls. So it was all over the place had bad Reception and then I just It just within 24 hours. I was liquidated and that was on me So no one can blame anybody but me, but I got liquidated when Ethereum was 2,200 bucks And what happens is is since you're over collateralized they give you back the Ethereum They didn't need to cover the loan The money that I used went to another asset called a house and that worked out pretty well. So that actually worked out great actually and then Then the rest of the Ethereum went into my account in Celsius. I transfer I got pretty ticked off I transferred into Bitcoin put the Bitcoin into my ledger and there we are But just remember that if you get liquidated on these loans, it is a taxable event. So just be aware Jose says people in my job got around a fight him. Nice Jose's place is hiring And the Shaolin again digital asset news. Do you think when Jay pal speaks he's speaking from an ivory tower that is disconnected from the realities of sight Maybe but I mean he made some great points. He made some great points. He talked about How you know the unemployment rate wasn't a disaster He talked about how, you know GDP just a quarter previously at Q1 2022 But Q4 2021 was actually 5% up and I talked about how there was balance on the on the corporate sheets And on that one he is correct. The problem is is Just like he talks about Inflation being transitory and a lot of people talked about that even Janet Yellen and bunch for the people It wasn't and now here we are Do I hate Jay Powell? No, I think he's just a guy trying to do a job and didn't work out and he does, you know, we all make mistakes, so Well, see but I don't think be disconnected. I Will tell you this. I mean I drove we just drove from Houston, Del Paso today Over two days and I can tell you the price of the pump was staggering. So inflation does hit there and of course Oil price first goes crypto No raises and lots of company approaching jobs, but most aren't hiring unless you are a laborer That's true and actually to get somebody to do any kind of house repair is very difficult now because a lot of them are finishing up Jobs for the different housing markets But as I understand it from the people who we know who work in construction and also work in the housing market They are tapering off dramatically the houses that are they are building Because of the interest rates hike there goes my grandson. All right, I'll be close. I Hate him Jenny yelling is transitory debatable should probably be long around longer than us. Who knows? No, I'm not a big scuba diver You know what? That's a good point Aboriginal alien Powell's just trying to make things sound good because he's gonna bring a lot more pain But we all know he's gonna bring a bunch of pain. Let's just be honest if he says the economy is awesome And he's like well, I told you it was awesome. That means to me three-quarter to a full point base pain bases Bips basis points Yeah, he's all over the place Well, I love the clown filter too. Some people get scared. So I don't use that much. I'm scared of clowns He is fast. He's got a good got a good vertical to gonna be a good athlete. I don't know man John Louise John Louise, I'm glad you're here because I believe it was you who asked me that great question about The cut and you said and I think it was you said hey Rob If we're looking at the criteria that you use to evaluate projects will it make the cut the community? The utility the team in tokenomics what went wrong with with the cut when you talked about with Voyager with Celsius and with nexo. I don't really talk about nexo, but Voyager and Celsius I did and I give up really honestly a half-ass answer But really what it comes out is this the cuts when I talk about the cuts, which we talked about a lot in Dandigen We're talking about the community, which I think is what drives a lot of these projects, especially if you have Like, you know millions and millions of people in your community and you're pushing for it. That is a huge Again, that is a huge positive for the project the utility What does it do and of course is it a me too project the team? What are they done before so they can we can see like if they've they've done something good in the past May be indicated what they can do in the future and of course tokenomics. What's the cliff? How long are these lockup periods and I get dumped on so I talked about these as far as like the Celsius and Voyager That meets the criteria in the beginning But the cut that the CUTT is really for those products that are just new and getting off the ground So that's why over in the Djan channel We did Gensokishi and the reason we like Gensokishi so much because it had it had millions of gamers already from Elemental Knights They just went from Elemental Knights, which is free to play over to play to earn I already had people built in because they had an iOS and Android and Nintendo switch and a PlayStation game already Already for years. So it made sense and of course the other ones too That all works just to get to you in the door, but just like every company that's out there I got to tell you when blockbuster started up. It was a there's a no-brainer, right? You just go oh well They have all these movies that you can rent and it's not even that much I don't have to pay ten bucks because it was ten bucks go to the movie theater back in the day Or seven bucks to go to the movie theater now. It's only 225 to rent this This is this is an easy business and there's really no overhead except for the actual facility of the store And like a couple people who work there. That's a great business. I'm gonna get in that CUTT, right? But as time goes on you sort of see competition you sort of see earnings go down You start to see a lot of the technology just overtake So the CUTT is great for the intro But for all these products that we're into right now We have to make sure that we are on them and make sure that we like Investigate as much as possible. That's why I made this channel. So you have to do all the work You can just kind of listen to me for if you like these products I'm talking about and then do your own research Later on so hopefully that answer your question a little bit better. Sorry. I did a bad job on the first time No, it's still a grand scheme. Even my grandson's a green screen YouTube saying their boss to the stream Hey Rob any benefit to paying back myself is on the big thing I would hold off I would hold off until Simon comes on. That's a great question You know about I'd like you to put that question into here on this one, I like to ask Simon that question because You've already if you took a loan out you already have that money. I don't know what you did with that money But like for me like it went toward my house So what if you did pay back the loan and then it just goes into a big black hole? That's the question. I can't give you financial advice. I'm just asking the questions out loud Just saying Okay, so music lover says it's a great question So Rob, what's your opinion of Voyager? Have you been a proponent of Voyager and I got into Voyager because you are they going insolvent? So remember they got a massive massive loan from Alameda Research Sam Bakeman Frieden FTX So they put in I it was 250 million USDC. It was 15,000 Bitcoin and a cash revolver So that's pretty much what they loaned out to three hours capital, which we just talked about it's got liquidated So the question is do I do I still? What's your opinion here's my opinion on Voyager trust no one Unfortunately, let me get this out of here See these rules right here Trust nobody but verify don't trust verify. So the five rules It's all gone Whatever you're investing into just assume that it's all gone already and that way you won't be like oh man. I've got this My life savings. I'm gonna put this into Shiba and I'm sure it'll come back 10x Well, if you look at and go this is more than I can afford to invest I'm gonna lose it all then you won't go wrong So never invest more than you can lose Next one everything's a scam and tell proof otherwise and the next one is don't leave anything Don't leave anything on exchanges this rule saved my bacon on Celsius on June 12th I made that video in the morning nine hours later. They shut down and I said I said on June 12th I go it's a good idea to take your money off Your crypto off and nine hours later. They shut down all withdrawals So with this one even in Voyager, I'm not keeping more than 3% of any of my crypto on any one exchange Now I keep some on there if I want to do limit orders You know, maybe I want to sell at a certain price. So they're gonna be there or maybe just lazy I haven't gotten off yet, but with Voyager. I still use them to buy and sell crypto They are my DCA of choice. Some people might say I'm not gonna do that But don't do that. That's just me what I'm doing, but I don't trust Anybody at any time. I mean, I like the people over there. I like Steve and Amitay and all that that whole group I love those. I mean, I like them a lot However, it's a it's an investment and that's what you got to remember. So you just go from there Sam says you lost me so you don't believe in the space and why are you here for the money? So you have to Say that question again, I don't understand what he's mean. I didn't say I don't believe in the space I'm talking about how Jay Powell is probably gonna raise rates the Crypto and all digital assets are probably going to go down I have a good idea to dollar-cost average like this is what I'm doing tell what you do and I don't know where this question comes from Sam. Sorry. So maybe if you Give me an example I can tell you Sam Bakeman Fried reminds me of when George Soros short of the pound the UK got screwed. Yeah, we made a lot of money First coast says Rob is a Simon interview going to go live tomorrow. Yes tomorrow 10 a.m. Mountain high noon Pacific time Eastern time shoot. Sorry. What's your time surely? I was a good outside. No because Like you dollar this is man To go over this again, you doll what I do is and not telling you what to do But I dollar-cost in and I dollar-cost out. So let's say today. I buy one Bitcoin at $20,000. Okay, and then tomorrow Let's say I buy another Bitcoin at 21,000 and then the next day I buy another Bitcoin at 20,000 or whatever, right? So now I'm at $61,000 as time goes on Then maybe Bitcoin goes up to the price of 40,000 and I buy another Bitcoin at 40,000 Okay, so I had the $40,000 and then maybe it goes down to 15,000 I buy another 15,000 maybe the ones that I bought over here the three at 20 21 and 20 Remember how I bought it at 40 over here? Maybe I could take a little bit of profits over here and then just start planting the seeds It's all just planting the seeds I buy a 2020 2020 and then I and then maybe I wait a little bit buy a little 2025 or whatever else it is and as time goes on I take profits from the ones I Dollar-cost average in the beginning so a better example would be when I got in 2017 I was buying Bitcoin at 6,500 8,500 10,000 flat 12,500 and 17,500 and then around 2021 when things went crazy I was taking profits at around 40,000 I was taking profits around 50,000 But I was still buying along the way. So to me there really is no get out time But maybe the position the original so I've been answer your question Liquidation is not taxable to tax right off. That's right So short squeeze what do you think I don't short but I know there's a There's a big short squeeze campaign for the Celsius token Although don't think it's gonna do a lot of help for the people who have their crypto locked up right now. I Don't know. I don't want to get sued. So I want I have no idea What's the worst thing Simon can say tomorrow let your imagination run free it could be bad Yeah, I mean It's just look everybody's ticked off because the market didn't go where they thought they're gonna go So of course they're gonna be You know little upset. So who you take it out on the guy that's talking to you Of course, everybody's just like that. No, not everybody but some people just like that. They're just ticked off Sorry, I mean it is the market Yeah, so I've reached out to alchemy to talk to us about How they are how you're able to gain yield by keeping your crypto on your ledger your cold wallet But also getting yield by using alchemy. It doesn't make much sense to me and I'm very weary about new projects and things like that Christian can't wait to build them a silo bags. I sold silo a while ago. That is just not moving. Oh No, I move for you Humble pile or it's web app number three number four and help up in his episodes. Okay, so it's number three number four Hi, running time elucidation me Italian. What do you mean by that? So when you When you take out a loan on your crypto and you get Cash for that. That's not selling. So you don't have to pay you don't have to pay Short or long-term capital gains on that as long as you pay it back. Just like so it's like a switch root But if you get liquidated that means that they have to sell that crypto and that would be like you selling your crypto Which means whatever if it's short a long term however long you had it they sold it for you. It's a sale Now it's going to be a taxable event When Dixon tomorrow 10 a.m. Mountain Standard Time there's a link in the description and you can pop up up up up and looks there's a Thumbnail looks like that Celsius recovery plan. How did you do tomorrow at 10 a.m? All right, where else are we? Oh? What? Jerome Powell is a puppet for the richest and No, Elon is not the rich. You'll never know where they are. Okay JJ well, everybody's in it for the money and no one is in there for the project or to improve our enemies Who cares as soon as he goes up everybody's gonna be up? I? Don't know man. I mean I've been here since 2017 Still making it but you know there's a point to that like I Do hate when people say like oh, I'm here because it's gonna you know be the Greatest thing ever and it's you know Bitcoin's going to and let's be honest Bitcoin was a great currency when you didn't have a lot of people using it that's true and Then in 2017 we figured out well We can't use Bitcoin that much because the transaction fees were so high and it was super slow and Then segway came around the enlightened network came about and then it actually was a currency again And you can actually use it for a transaction. That's what I'll sell it or zoom right now So it actually is good. There was a there was a good comment. It's like Mark Moss and he was talking about the the new technology that that comes out we don't understand what it's going to do like in the very early early days of Mankind we figured out about steels. We made swords and and Arrowheads and and axes and that was the greatest thing of all time and then later on we figured out Well, maybe we should use this to make buildings and then later on we said let's make skyscrapers and later on we said You know what? Let's make let's take this deal to make rockets out of it and go to the moon So like just because we have this new technology doesn't mean we know exactly what we're gonna do with it right now And I think that's the same thing with with Bitcoin crypto and digital assets So that's why I'm not gonna leave anytime soon. I will take profits. I That's just the truth That's my my fifth rule right there. So Hope no one's Disillusioned by that Yeah, I have not but I've seen videos on XRP ledger fast and cheap as my grandson and of course he wants to be part of it We give you $20 stimulus and take back 30 second run inflated action Yeah So productions visas when you say not your key not your crypto when you liquid and they sell the crypto not your key Yes, exactly. So when you put it on Celsius or any exchange you got to understand they own that stuff You don't own that and that's what happened with Celsius users They they put it on there wanted to gain a bunch of yield and that's fine But they I've seen people they put their entire life savings on there and just a big disaster So when you're doing anything with an exchange that you think that they're have your best interest at hearts maybe But I'd rather trust myself Yes, exactly Richard says a match makes a bigger scam than Celsius. I don't know. Well, they are registered with the SEC every single painting. So That's one part on the land before you Takes a break from trolling me and says something nice Xeno strip corporate banks who lost senior debt providers get paid first and secondary than preferred Shareholders and common shareholders than us. Well, that's true When void your debit card I have mine Don't use that much Hey people listen Richard Hart, they wouldn't have lost their minds on Luna and sell. Yeah, I did say it. Oh Man, look at mullets finally here. I made last year. So I check the archives Yeah Mullet, what's the plan? Remind each other to take profits. That's right. I was just texting him yesterday as a matter of fact Robbie should collaborate with Paul Barone network for a show. Yeah, we're just talking about some different things I've been on there a couple times. He's been on mine for a while or every so often great guy Here's the funny thing Where would this go? Rob if I make it I'm gonna buy you a Lambo as a gift and I person over to you. Here's the thing I don't need anything. I'm good. Especially not a Lambo. You try to get in those bad knees So I don't I don't wanted I don't want to save your money invested in something take care of your family and everything else I'm good. Let's see Sweat token are worthless. Yeah, I think it's gonna do pretty well. Ooh Nissan Gotta do some I got a sweet Dodge grand caravan Mullet knows he's right. He's he's rolling it before sweet ride Legendary says will the live chat be on for tomorrow's it? Yes, it will so stop on by I'm sure there's gonna be a lot of questions and And Lewis says start the beginning. I just got here. Ah, that's a great opportunity to stay by All right, buddy. We're gone almost an hour. So that's it. So look Flight today's video thumbs up and subscribe. I like good stuff But tomorrow I think is the fireworks and let's see what Simon has to say this ought to be great Again links are in the description for the video tomorrow set a reminder so you don't forget and that's it for today So thanks so much for stopping by I do appreciate it. Talk to you the next one. Adios. Bye Gabe