 Great. Welcome to Jules said news. My name is Rob. We got a lot of things to go over. So let's just jump right in And I'm going to talk to you about the CPI numbers But I'm not going to bore you because everybody knows the numbers already and you've already gotten your opinion But I want you to just remember this one thing then we'll get into some like I what I consider This is one of the best news of all time. I mean one of the big news especially of 2022 Charles Schwab and Fidelity getting into crypto and you have to ask yourself the question did these huge Institutions with 20 plus trillion asset or management. Did they get into the crypto space to lose a bunch of money? Probably not and Also, we'll talk about sweat coin in the US. Sorry, Charlie And lastly we'll talk about Ku coin should we actually trust it? So the first things first the CPI numbers ever You know, they are I'm not going to bore you but just to do a quick recap this one man Neville And he says very simply US CPI year of a year August 2021-22 Actuals 8.3 verse 8.5 previous and a estimation was 8.1 US CPI month-over-month August actual 0.1 verse 0.0 previous name and one and then this is the big one US core CPI Which is food and energy? Taken out of that equation year over year August actual 6.3 verse 5.9 previous estimate 6.1 so we're up a little bit and US core CPI month-over-month It was supposed to be 0.3 But went to 0.6 and of course because of that the market took a big dump and that's in the traditional markets and the crypto markets I know you guys know the know the prices because you probably checked your portfolio about 30 times already So why am I gonna bore you? However, if you want some in-depth reporting about what this actually went on follow my man Ben over at the end of the Cryptoverse Benjamin Cohen. He had a great video. It's about 20 minutes long seem like about faster So if you want to just a light sharding of your pants just watch that one But if you want a heavy sharding go watch my man Michael Cohen That is a dangerous stuff what he talks about not dangerous, but That guy really lays it out about the worst-case scenario. I linked both of them as a link in the description I didn't really and I was kind of expecting CPI numbers to be even Steven or a little bit high and Not a that's just how it goes. There's natural cycles, right? But the question I had was what was the aftermath? Well first things first FTX froze For I think a couple hours or so under the strain of the CPI volatility more than a hundred and ten million was liquidated Across crypto exchanges in the hour one hour Falling the CPI print and just to let everybody know not to to you know put FTX under the gun FTX Sam Bakeman freed confirmed that the exchange based issues saying that the website did wonky otter refreshing for a lot The problem it was there was a fruit. There was a freeze at 12 30 UTC time and was fixed roughly an hour 1325 so that's a lot of trading for FTX to take a little hiccup that's big and what they talked about as far as The people getting liquidated that's the truth over here coin glass comm liquidation data. You can see that people who are like We're going to the moon This is the this is the market and it's going to keep going up. They got liquidated 148 million As of right now shorts got liquidated a little bit, but not too much 148 million That's what's going on and not to make fun of anybody. I mean look I Don't know where things are going in the short term the long term We'll get to that but just something to keep in mind and that is that the next couple months and maybe 18 to 24 Might be a little shaky. I'm just gonna be honest with you However, I need to remember this one thing that is just because we go down and we have problems and we have high CPI numbers And we have terrible macro issues and we have issues with the housing market energy Wars everything that that's going on to make that the macro seem Just purely awful. Remember these are natural cycles this too shall pass and just like we see with the dates of the US Recession, I personally think we're in a session right now, but people disagree with me. That's fine. I don't care I think if we're not in here now, we're gonna go there sometime soon Just remember that recessions don't last forever. I want you to look at the gaps in between In between these recessions recessions last about 18 to 24 months, but in between you have an economic surplus The golden ages right even in this even in the 70s Whenever he's talking about Volcker right now and even early 80s after that it was smooth sailing, baby until 1990 Of course a little bit dumped there And then of course then here we go all the way through 10 more years in the dot-com crash and then about I don't know What was that eight months? Then we had 2001 all the way 2008. That was a nice time And of course the housing market crash and we had 10 sweet years or more 11 and here we are with the the coronavirus. I don't know if you heard about that one, but a lot of things are going on and then Boodles reset. Maybe we have a Couple of bad years. Here's the question. I have to ask you. Are you okay with that? Or are you okay with with these with the price action going down? Are you okay with seeing your portfolio lose? 20 40 50 70 percent is that something that's Concerned you if it does, you know, there's there's options for you. I can't tell you what those are I'm not an investment advisor, but for the ones that just look at this and go, okay Well, I think I know we're going in the future I think I know that if I stick around for a while things will work out on every not on every crypto Not on every stock not on every real estate investment I do obviously not right nobody's perfect, but in the long run if I stick around do the things will work out Okay, so these are the big questions that I asked because When I look at these things, I was honestly hoping for a bigger dip I know some of you hate to hear that but that's just the truth I was hoping for that because I just think to myself in two or three years These prices are gonna look like child's play and that will lead me to my next point Here's some good news and I want to read this. I want you to think to yourself about do these people get in to lose money Are they dumb money? Do they just like to throw away their cash? Maybe not and maybe we're in the right place at the right time so This just came up Charles Schwab Citadel and Fidelity launch edx crypto exchange first of all Why is it such a big deal? Well, Charles Schwab is a little company with 8.14 trillion assets under management Fidelity has 4.5 trillion assets under management and they didn't mention this article because they're doing their own thing But just remember that BlackRock Also launched a private trust to give client exposure to spot Bitcoin on August 11th And they also around 8.5 trillion assets or management. Do you think that these people get in To give their clients really bad advice and have them lose a ton of money So they never come back or do you think they're getting in just at the right time when the market's taking a big dip? That's up for you to decide. But here's what's going on here. So Named edx markets, it will be a first of its kind exchange giving investors safer faster more efficient crypto trading Other backers include Citadel securities. I think that's the one for Robin it paradigms quake capital and virtue financial The intention of the industry consortium is to build market infrastructure that contributes to increased Optionality for liquidity to facilitate a more efficient secure and cost effective process for trading digital assets So says a Fidelity rep and When I'm reading this I'm like the first sentence it says right here It will be a first of its kind exchange Give investors safer faster more efficient credit. I got to ask you the question I don't know what the difference is besides deep pockets. I couldn't really find it in this in this article Maybe someone can help me in the comment section, but this was this was concerning Not concerning, but maybe think the world of digital assets has long been thought to be complicated with things like private keys Other things related to storage and custody typically putting off the traditional investor But edx will serve both institutions and retail investors giving them a safe entry point to crypto So the question I have is this Not really a question. I just just a thought process That's probably what they're gonna do it and say look this is just too cumbersome for you to understand You're just not too smart. You don't have enough time institutional investors. Maybe they don't We're gonna handle all these things for you the not your keys Not your crypto doesn't apply to you your special will help you out. We'll do it I got to tell you about a year ago. I would have been like that's great Now that I've been in this space for quite some time and you have been here with me You are not a tourist if you're here right now You know all the different problems that we've had with the rug pulls and the scams and the illiquidity and the insolvency And you know how danger it is when somebody else Custodies your coins and has your keys and I think for these new people that that come out It's important. It's imperative that we understand and we know that we can teach those people moving forward that hey This might not be your best option We understand if you have like three jobs and 20 kids and it's just very difficult for you to do That would be very tough. However as time goes on It doesn't take a lot of information to understand how to custody it for yourself How to become your personal bank and do the things that can lead to safety Instead of putting into the hands of somebody else and God knows what they're gonna do with it as we've seen before So these are the things that concern me. It's good news as far as adoption but this last part just makes me wonder and it makes me realize we got a lot of things to do and That's it for that piece. Let me know what you think about that in the comments section I will just follow up with this as far as the bad news today the market drop the Exceptional news that we just took a look at and then the things that are going on now There's gonna be there's all types of different YouTubers and people on Twitter and and your newsletters that you read and and Magazines that that you'll pick up as far as like what they are doing for investments One of the things that you'll see of course is that there's a lot of people will say dollar-cost average and buy forever Buy and hold and diamond hands to the moon. I Think that is dumb. I don't think that's the right way to do things for me Maybe for some people like hey I'm just gonna be here forever and I'm gonna give this crypto to my kids and those kids will get them to my grandkids and the Grandkids and the great grandkids and no one will cash out We will just take loans against it or do whatever we do Bitcoin will become the the world's reserve currency next year or 10 years or 20 years or whatever else it is I personally don't believe that I believe that There's utility, but that utility hasn't been fleshed out perfectly yet. I think there's a lot of speculation So when I take a look at these things, I'm thinking myself, okay, what's a good time to accumulate? What's a good time to sell? Bitcoin rubber price all these indicators I'm talking about right now are looking to Bitcoin love that websites It's free and it's really high quality stuff So we can just see and just gives you it's like a log of it logarithmic regression. You can see that right now. Let me book this up Might be a good time Historically to maybe think about accumulating that's just one now We take a look at the MVR VZ score the same thing I like these these charts makes it very simple for an ignoramus like myself where you can take a look at well When it goes low, this might be a good chance to actually, you know Accumulate those types of things and then it goes into the other area If we're going into the red things are getting overheated. Maybe it's a good time to think about selling You know when Bitcoin was a 58,000 and then from there Then we take a look at the new PL that I'm right unrealized profit loss and all these things There's always a description below about what these things are and how they actually work same thing We're actually in the hope and fear stage. We're nowhere near the top, right? So maybe it's a good time to accumulate and then we take a look at the pie cycle top indicator Which is which has done a pretty fair good fairly good job of calling the Bitcoin top retrospectively was created in 2019. I want to say Yes, no, let me see yeah April 2019 to be exact and going back and nailed to 2017 and 13 This one at a double top and then the last one it was off by about 11% Which wasn't bad for the last one. So if we take a look at all these things again Times do accumulate. There's also times To sell and I'm gonna get a lot better at that. I did a lot better job in 2021 I did in 2018. I can tell you that right now But there's one thing I need I still need to do I did a video My exit strategy which we're talking about and I talked about there was some cycle top callers Pie cycle top and you PL time and risk over Ben's website. There's some bottom callers I'm just things to look at I'm going to be putting out a video in the next two weeks or so because it's been been requested About taking profits and there's all different types of traders. You've got scalpers. You've got day traders You got long-term holders buys and sells and all different types of people me personally I'm here for a longer haul, but at some point You know, I will be selling and I'm gonna talk to you exactly when it is I'm gonna tell you the exact not the time period but the things I'm looking for because once that hits 40% of my entire crypto portfolio I will sell and that's what I got. I wasn't a very popular opinion because people say you shouldn't sell crypto ever I say why not especially to have Dry power on the side and it really helps right now because I did that in 2021 that I bought other assets I bought real estate. I bought land. I rolled into my Amazon business and Those types of things that I'm able to do and also cash those types of things I'm able to do It allows me to breathe easy on nights like this when I are days like this when I wake up and go Wow, we just took a 10% hit or whatever else it is. It's a good thing. I've diversified just a little bit Anyhow, let me just think about that in the comment section. That'll be spicy and then lastly Sweatcoin the US and sorry, Charlie so as you know on this channel, I've been talking a lot about sweat coin just launched yesterday and They're pretty good. I mean it there was a there was a fair launch. I Got into the private round. So everybody knows I got in the private round. They didn't pay me I paid them and I bought it for point zero one But what about point zero one four two nine? So a penny and a half essentially, but when they launched It launched on these exchanges FTX okay, X and a bunch of different ones at point zero zero six So it was below is below what I got for it So there's some pretty happy people and it doesn't it doesn't reflect here on coin get go But that's what they they launch it at as far as I understand But went up to today hit seven cents. That's pretty good I mean, honestly, if you think about it, there's always a bull run somewhere and What I put it for markets in one day, these were all the listings MEXC, I don't know what that is. Okay X and it just launched a day on Dexes, so if you're an American not a bad choice uniswap coup coin Which if you're an American you can I use coup coin gate. I don't use that by the only is that fcx I use big. I don't know what that is, you know, so I'll bank bit for next big one big one And then ref finance and also Swiss port just listed this morning. That's a pretty good solid listings in one day of Exchanges and of course we talked about this the top global crypto exchanges. I didn't know okay X was that big 25 billion by bit 13 billion FTX 15 billion that's in 24 hours What else uniswap 1.3? So the only one that hasn't listed he has financed by I hear rumors that might be coming but there was a question Not this I'll get to that Sunny toe sunny so proud. It's pretty funny. So he states as a user in the US What can we do a news asset? It seems I can't transfer the coins or download the wallet and we talked about this yesterday But I want to make this crystal clear that for US Residents like myself you may have been accumulating sweat coin but you can't get the crypto wallet yet and we did a deep dive and I had olig and Ophir on the on the Dan degen channel and what he asked he answered that question specifically about US residents He goes look we're not gonna do it now yet Because we don't want to deal with the securities issues because of your guy Gary Gensler. He is my guy I like Gary watches the show and I And we talked about it at length and just know that no you cannot transfer your your sweat coin Into the crypto sweats you can buy sweat coin on a bunch of exchanges But that's not gonna that's gonna come later and what I did was I added in time stamps For all the questions that I asked him and there were some big ones about Does quest what coin use user data? Do you guys harvest that and sell it? How are you guys avoiding sweat theft as far as moving validators additional revenue generation? And the big one is that 3210 why not the US and Oleg answer. That's pretty good. So that takes care of That piece. I'm interested in by the comment section and then lastly Cuckoing should we trust it and the reason so I have This is a link in the description These are the four exchanges that I use FTX Kraken coin base and could coin why because I'm an American I have limited options because a Gary who watches the show and Of course below me you can see the rules the rules are it's all gone. Don't invest more. You can afford to lose Everything's a scam Until proven otherwise there don't leave anything on exchanges nothing as much as he possibly can there's some caveats I understand but I think we've learned our lesson, right? So I'll see his voice And don't use leverage. That's a quick quick trip to lose everything and then take profits along the way No, we everyone broke taking profits. So knowing all these things I use these various exchanges for different reasons Coin base because it's super easy Delacost average Kraken because I like their mission and they have low low fees FDX has some of the lowest fees out there and also on coin base You can use advanced trade if you really want to to really get some low fees and Ku coin I use this to get to the coins that I cannot get anywhere else They have a ton of them and what I did was I reach out to Ku Klings. I know these guys I know coin base, you know Jesse and Powell and Sam Bakeman Freed and Brian I mean I don't know personally, but I've been with them for a while, but Ku Klings not so much I didn't really know much about it. So I reach out so I go Hey, can you guys come on the show just to alleviate some I have some questions for you and They're very basic, which is you know, how'd you guys start? What's going on over there? And why should we trust you? What's the security because there's a lot of things going on and they said yes And they thought they thought it was actually odd because nobody from America reached out to him So I'm like, well, I should be that guy so Vanessa Vanessa fung came in and she's I forget her official title. I'm sorry but head of investments are part of that that group over there at Ku coin and she answered all my questions Great. So what I'm gonna do is I'm gonna play This recorded video and you make the decision if you want to use Ku coin, it's up to you I use it. That doesn't mean you should so just take a listen Buddy so as promised what I want to do was just bring in somebody who could give us a little bit more information about Ku coin because these days with centralized exchange want to make sure we know Who we're dealing with so first of all Vanessa. Thanks so much for stopping by we appreciate it Hi So Vanessa I got three quick questions for you very simple first one is the Ku coin background Just give us a little history and what's been going on kind of behind the scenes with Ku coin How did everything get started just a basic overview the next one is and I think this this is a big question How does Ku coin guarantee safety and security? We got a lot of different problems with with hacks now These are different things like For different projects, but as far as like the exchange itself We've had a lot of problems Recently with centralized parts and those would be like a Celsius and Voyager and things like that But how do you guys deal with that with it as far as security and safety and lastly? Why should we use Ku coin? So Vanessa first question What give us a little background about Ku coin itself? yeah, oh so the whole journey of cook on of these years is absolutely an amazing stories and Actually behind cook on there are two tech geeks who are early boxing adopters having started coding when they were eight and found Their startup when they were 16. So one of our founders actually He immediately Started to mind BTC because he heard about Bitcoin from his boss in 2012 But when actually when he he tried to sell some of his Bitcoin or mine cost back in those days Which is a pretty large exchange back in the days Back then yeah He realized that so called the world large World's largest platform at that time was quite actually was quite difficult for beginner to use So as going on that option of boxing continue our founders realized that the financial system It's actually reshaping to something that would not only serve to wealthy people But everyone literally everyone in the world. So Even I would say maybe some people they are not well educated or an employer But they're still knowing how to do an investment right now in August 2017 Cook on 1.0 once life and starting with a people's exchange that would Allow everyone to get involved with crypto. So who can go register user exists 1 million at the end of 2018 in film and after few months then we raised 20 million in series a funding from IDG and mattress so we Accelerated coupons rapid growth will say and in 2012 22, which is this year Can't achieve a number of milestone actually like we've secured 150 millions pre-series B fund raising which lead by jump crypto and Cook on the criminalator trading volume exists Two trillion this year and I will use has been over 20 million in real life this year That's interesting Yeah, thanks to the background I find it fascinating that One of the founders the reason why he started up coupons because there was an issue with mount gox and about how difficult it was actually to use So I can understand that It's the same thing with with blockbuster matter of fact the the the person that started up Netflix the whole reason why they started a blockbuster is because they were so Disbruntled with all the different fees for return. So they named they made Netflix Three or four or five years later. They went to go sell it to back to blockbuster And they said no we don't need that and of course the rest is history So that would leave me my next question Vanessa How does Ku Kwan guarantee safety and security because there's a lot of you mean you just talked about two trillion of Transactions, that's a lot of things that are going on I personally use Ku Kwan when I can't find those specific cryptos and the limited exchanges that I use So how do you guys guarantee safety and security? Well, this is very good questions as one of the most well-known exchanges in the world Q-Cons makes every effort to ensure that comprehensive security Measures are set up to assist you in daily use and ensure the security of your account for sure A robust security system is crucial So we've been keep focusing on the construction of a global security expect team and The continuous use to optimization of the system So as to bring everyone the ultimate security experience to our users So for the security details, I would say a little bit more We have developed a new security system from scratch Stamina from the following three aspects. I would say first the overall security system second The network security architecture and the third one, which is the security team our security team I would say so cook on at a very strong risk control system to the web the app The API access mechanisms to ensure the safety of users account and assets So and we also deploy cyber security measures in strict accordance with financial level security Compliance requirement, which is so and we also deploy the cook on security elite team and establish close cooperation with well-known cyber security and anti-APT agency Okay, sounds good. So then the last one then would be this Why should we use cook one? I mean for me? I Have my reasons why use cook coins because I can't find it on the other three if I can't find it on on FTX or Coinbase or Crackin which is the ones I can really use as a US citizen Maybe Gemini so I then I have to turn to to cook one to find those hidden gems But what would be a good reason for just the average person to say why should I use cook? Oh? To be honest everybody knows that cook on is the home of hidden gems and to be a top one odd corn exchange So this is indeed one of the top advantages So beside this There are actually many other unique things to say Which I would say here in cook on users can enjoy one of the lowest trading fee in this industry The trading feet on cook on are actually starting at 0.1 percentage For both maker and ticker in addition if you use our corn KCS to pay for trading fees You're entitled to a 20% discount off. So for food cook on VIPs the lowest trading fee discount can be like minus 0.5 bips for maker and Two bips for ticker and so cook on is one of the exchange that Provides extremely all around products to meet our the requirements of all classes of users and Like credit it with the name of people's exchange by our global users Currently we provide spot trading margin trading P2P VAT trade trading futures trading staking landing trading boards NFT markets and NFT ETF. I mean it's so different so many classifier products that we have and Cook on wallet as well. I'll be do you have and VAT trading pairs servers our 20 million users in 207 countries and regions Yeah Cook on is one of the pioneers among centralized exchange to explore web free as well In a really big way. Yeah, so this year 2022 we have achieved a lot of a lot in this field I would say in April we with the launching of cook on NFT marketplace Which we made together with cook on ventures a hundred millions creators fund was launch launch tool and power web free universe by supporting and incubating the early stage of NFT projects and This April cook on officially launched our decentralized crypto wallet to offer our users who use web free service and Actually, we have a really abundant project line in the NFT field recently and Q-con wonderland that you just mentioned are is that Interactive NFT launch platform decide by cook on for crypto and traditional games it allows users to enjoy a seamless and centralized Experience to buy to invest to manage the ingan NFT Sounds good. That's a lot of things. I didn't know you guys actually were doing that much stuff So all right well Vanessa. Thanks. There's a lot of digest So for everybody watching home You can find there's a link in the description and it'll take you to the website looks just like this for all the exchanges that I Personally use fcx crack and coinbase and of course cu-coin some of the things that Vanessa was talking about and then for any other types of information you can also find that in the Description below, but that is it so Vanessa. Thanks so much for stopping by we all appreciate it Thank you ball. All right. Let's jump back Great. So I know a little bit along but I want to say again. Thanks to Vanessa Fung and the Coo-coin team for coming on explaining why It's a possibility to use Coo-coin what they're all about and how they're taking the safety a little bit more seriously And also just so you know that link to the exchanges. Those are all affiliate links It's just so you know so if you sign up you get some kind of bonus I get a bonus, but we don't want to use that. That's okay Just go right to Coo-coin.com they'll sign you up and that'll be that so that takes care of everything for today So I want to say thanks for sticking around 30 minutes about a thousand people can't beat that and that there's a lot of things in the Yeah, comment section. I need to go over so if you are so inclined it would like to now that concludes everything for the news Now we're gonna jump into the Q&A part gotta take off. Get out of here I appreciate you stopping by I really do but now let's jump into little Q&A and I'll answer all your burning questions It's the best my abilities right now So a little Q&A Oh, man, it's a lot so Tom Tom Voyager so voyager