 The gelasa news everybody take the top stories in crypto and bring them down at a bite-sized pieces Before we go on let me just do a quick little check make sure that the audio was good and the video was good That's kind of important before we start going live and doing everything else I think it's uh one of those things that we should actually know Yeah, it looks like we're good. All right. So today just the thumbnail suggested um There is an issue that is on the horizon and really what we're taking a look at is the crypto market We've taken quite a beating and to me And I had a lot of smart people army looks like uh, the things are rigged and there's only one way out And I'll explain exactly what that is So we're going to take a look at what is called a bubble or take a look at no tech upside And why I believe there is a huge amount of upside take a look at crypto history Then we're going to take a look at uh, a little nft action as far as uh Board ape yacht club or play to earn type of things of which one actually garnishes the most so Let's just jump right in. Let me share my screen so we can see what we're doing here First of all, welcome everybody. Thanks for stopping by. I'm gonna try to make this as uh as uh quick as possible Let's go over a little bit of Data, so let's see here share my screen Um Window and there we are so uh, I think it was everybody is uh painfully aware we are uh Just one of those times when uh, this is just one of those days where we're like well You know things are going up a little bit and then last in last 24 hours. We've got 4 up. That's pretty good If we uh break down into it just take a look at what is leading in charge. Well It's pretty good. Actually 24 hours, we've got uh 4 bitcoin going up a therium up 6 percent almost Binance chain or a finance coin 14 percent for salon. Wow Cardano 4 and everything else 24 percent for avalanche in the last 24 hours So when I talk about you know all these things And I you know we start talking about like you know buy the dips and just be patient and everything else It really does really come down to that but you have to understand This whole game that we're playing as far as uh investing and this is on the show is just investment opinion on investment advice Uh, the game is rigged and the game is rigged for the whales that can manipulate these Because you're going to see these big sloshes and these big moves and these 30 percent dips And it's just normal and it's just because there's an ability for these people to do that because we're only in like a two 2.2 trillion dollar market cap. So just be aware when I say that there's only one way out There really is only one way out and I'll get to that in a little bit So let's just take a look real quick besides The market itself And let's just break it all down into what exactly is going on and when all really comes down to this It starts off here And I wanted to start off with this article because you're going to see more of these articles just like this There's going to be people that are going to come in like, you know what? Yeah, you know you're doing pretty good on a wednesday But wait till tomorrow because there's going to be a drop and there could be and and that is the reality of the situation So you just have to be ready for these things Especially if you are new if you've been in the game for four or five eight nine years or so This is nothing to you But for the people who've been here a year or two years or less These are the lessons that you have to go through because we all just have to so you're going to see stuff like this Investment advisor Bernstein sees crypto as a monster bubble warns that market could drop 90 percent and I remember when I first got at this when I see these articles like this I was scared I was like, oh my god These are like supposed to be the smart money people And they're saying it's going to drop by 90 percent But you have to understand the mentality and the reasoning behind everything. So This was uh, Richard Bernstein CEO Richard Bernstein advisors And he had an interview with CNBC friday Now this is the thing where you would think yourself if you're new to the situation like wow This guy's got 39 years of experience on wall street Manages equity and asset allocation of portfolios at several of the world's leading broker dealer firms such as meryl lynch morgan stanley a merit prize UBS and invest net And uh, so when you're again when you're taking a look at this and you're saying Is this just one of those things where I should be really paying attention because I gotta tell you This looks pretty bad because again, this is one of those people Who you'd pretty much in the old days would look down and go this guy has a wealth of information Maybe that I should take a take a listen and we are we're going to take a lesson from what he's going to say And flip it on its head. So when we're finishing up He says uh, ceo was asked what assets investors should be avoiding and how they should enter 2022 He explained that the way to think about the markets is think about to think about it as a seesaw On one side, we have all that I would call the bubble assets tech innovations disruptions cryptocurrencies On the other side of the seesaw you have literally everything else in the world looking at 2022 and 2023 You want to be on the everything else in the world side of the seesaw because that's where the opportunity is Let me let me just say that again Mr. Bernstein CEO 39 years of experience Says the disruptors and the tech and all those sectors you should not be in that side That is a loser side what you want to be is away from that as much as possible Because they are cash starved and you should get in these these sectors because tech is just a dead horse You don't want to be on there and cryptos and disruptors That's not going to really pan out. That is exactly what he said and I cannot make that up So when you take a look at like okay, well, you know, if you again weren't really Getting into investments like well, maybe he's right because he got so much experience These are the things we have to be watch out for and then for him to say this he goes, you know regarding bubbles I think crypto is the biggest financial bubble ever in history. I think this is just a monster one and When he says things like this and and you're going to find more people like that and that's okay Because everybody's allowed to have their opinion, you know They can say well, it is a bubble and it's a funny thing because you can hear the same people saying the same thing that the The economy is ending crypto is ending That there's a crash right around the corner. There's no shortage of those people They're they're called chicken littles and they're everywhere and it's amazing how they can call a bubble Every single month and then in the 10th year Like it's a bubble then in the 15th, they're like, oh, see bubble brook. I told you. Yeah, it took you 15 years so like that was what was for the housing crisis and Of course, there was one but I think that there has been more money lost in the anticipation Of these bubbles than what it actually is and then you got to kind of take a look back and just think to yourself Okay, so when he's talking about tech if he's talking about tech And he says there's no real You know, there's no real money in that you should really get away from that. Just think of all the fang stocks What are fang stocks? Well fang FAA and g facebook apple amazon netflix and google and just so you know if you're not really familiar with that Let me bring this up here is that The fang stocks as of august 2021 the fangs make up about Almost 20 of the s&p 500 Which is a staggering figure considering the s&p is generally viewed as a proxy for the united states economy So let that sink in If we're talking again about The disruptors the tech industry. You don't want to be on top of that really? Well, I will tell you on top of those fangs Also in crypto it's an asymmetrical return if you could and this is this is an old Source this is actually a year old and that it's actually much higher So if you invest at $100 In january 2nd 2009 You would have 208 dollars in alibaba pretty good nine years. You double your money. Congratulations Must be a gold book Facebook you would add 520 microsoft 1k You know part part of those uh those big stocks visa 1.7 k apple part of the fangs amazon part of the fangs 3.3 k and bitcoin 9.2 million so you have to remember When we're talking about tech and innovations and where things are going they're a little risky There's no doubt about that and again on this channel. This is just an investment opinion not investment advice But we have to take a look at what are the asymmetrical returns and this is just One of those plays so then if you also want to take a little bit digger or dig deeper into it, I should say The thing you want to watch out for is the naysayers and the people that are coming forth Are usually the ones that are the most don't really understand the innovations in the tech and you know We'll always talk about uh, trolling monger and warren buffet And of course they came through and they said, you know what crypto is wrapped or bitcoin is wrapped poisoned Of course, they also passed on google because they don't understand it and a bunch of other Different texts and they would have made a lot of money. Is that is that a is that a bad thing? No, they just don't understand it That's okay. That's okay So this is the same type of thing that you would see as far as like when electricity was coming through Different industries that didn't want this to happen probably coal They said this is going to destroy the entire world Electricity, this is awful. This is innovation. This is a disruptor. You don't want that And then on top of that you may remember articles like this internet may be just a passing fad as millions give up on it That's what was december 5th 2000 December 5th 2000 and then you take a look at like an amazon This is a story about how in 1997 jeff bezos Gave a speech at harvard business school. You know what they told him They said sir, you're a real nice guy, but you should probably sell because you're way out of your league You don't know what you're doing That's exactly what they said and then to finish this up also to to finish up on that uh that that vein This is from barons in may 31st 1999 said that uh, this was an amazon dot bomb The idea that amazon Uh has pioneered a new business paradigm. It's just silly. He's just another middleman The stock market is going to catch up and of course, that's when everything was starting to to uh flounder so When we took a that you know, that is essentially the no tech upside So if you are paying attention to what people are saying, that's fine It's always good to get a plethora of information so you can do your own research But just make sure you have all the facts and everything else available so you can be like, you know what? I take your opinion But there's also the one uh on the other side of that and then if we also want to take a look at that except we're On digital asset news. Let's take a look at just a little bit of history. This is one of my favorites I like doing these things. This is This is what uh on 99 bitcoins.com The bitcoin obituaries and you're gonna see this again and again. This is just Uh in the last year bitcoin has died died 434 times this is from articles all over the place and the recent one was November 29th bitcoin is a Ponzi scam This one was really even funnier on November 8th Uh bitcoin delusion when it was up pretty darn high and then uh october I personally think that bitcoin is worthless and down the line and if you really want to zoom out It's pretty funny because this is this is the one month. There was just one three months Year to date a lot one year and if you take a look at all Bitcoin has died a lot And it's funny because it just keeps going and going and going just as people like nope. Nope. Not gonna make it It's not gonna make it. It's a Ponzi scheme. It's a Ponzi scheme. Get out. Get out now. It's a bubble It's awful get out and then And then and then here we are so again It's just one of those things where you take a look at and go Is this the real story? And you have to understand just like it said in the thumbnail the game is rigged The game is rigged because these people these whales the ones that are actually in here They know how to manipulate and uh, just watch just watch any other any other youtube they They talk uh at a tremendous pace for how much things are being manipulated and things like that But in all honesty, it really doesn't matter and i'm going to show you one more thing about history Did you know that you can go to coinmarketcap.com? There's a button. There's a link. It'll have historical reference. Let me just click on this historical I want you to show I want to show you something. Let's just pick a date May 19th 2013. I want to show you how much we've how far we've come And I want to just zoom out while we're going to zoom in a little bit Uh, this was the top 100 actually top 14 It's not 14. It's hilarious cryptos and bitcoins number one at 121 dollars And the circulating supply was 11 million. That's pretty good. Not bad light coin, which was the uh bitcoin silver I guess they would call it back then 58 million name coin pure coin nova coin tear I don't know any of these things. I have no idea because I wasn't around that time But look how far we've come let's back up Let's take uh, let's go to 2015. Let's go Let's go june. I get june 21st. Why not? look at this Bitcoin again 14 million sorry cutting supply. It's pretty good and the price 243 XRP was a penny like always three bucks dogecoin was number four. Holy smokes stellar Was a fraction of a penny pure coin made safe. I remember this one made save point. Look at monero back then 52 cents. Holy smokes. And then some other stuff said again. I've never seen in my life I have no idea which ones these are and uh, yeah, pretty amazing, right? Let's go back Let's go to let's go to 2016 august 28th. Now things are picking up the pace a little bit. You got bitcoin at 573 It's pretty good. And then there's a new new play on the block called ethereum Rocketing up the second spot at $10 and 93 cents XRP it's a bubble, but it's a bubble, but you have to understand it's a bubble and you have to get out That's what they're going to tell you all the time if they're in classic a dollar dash 12 bucks Factor them. I don't know what that's list. I remember that when it was that's waves. It was around. Wow 15 cents stellar 21 Not a list coin. Maybe that's for the gym equipment and tether of course here we are And on and on and on and on we go so just remember that uh manipulation is uh is Alive and well and just makes sense So when I talk about it's rigged, we all know it's kind of rigged. We know what is and I promise you there's one way out There is one actually there's many ways out of crypto Let's be honest if you want to take those routes, but to me and again I can't tell you what to do. I'm not a financial advisor I can only just tell you what I'm doing and for me There really is only one way out and it's kind of like it's a very stoic stoicism type of way to put things which is the only way out is through And the obstacle really is the way and that is that is the truth and if we take a look at at this to me Right now as things go down, I can't buy anymore. I've been buying all the dips But today I'm up like well an avalanche. I'm pretty good 24 it's pretty good a day And then some other ones I'm a five or four percent or something like that And then I will I will dollar cost average you know dollar cost average I'll take a little bit of profits, but I'm mostly just a holder And over time I'm going to take my lumps just like you are You know if you're doing this the same type of thing and the longer that I'm in this game The longer that I'm in the cryptocurrency game the more I realize that I just I've tried trading I'm not really a good trader. I mean on basics, right when we take a massive dip I'm like well, it's going to go back up and usually does But I'm not I'm not going to trade and I think really what I just showed you was the long haul 2015 2016 2017 2018 And now here we are so the the reality is there's one way out and the one way out for me Just to keep doing the same exact thing and dollar cost averaging and I'll dollar cost average out when I actually need things But you have to remember the reason why I do these videos just I'm trying Well to give value back that's for sure because when I was coming through it was just hype and nonsense all day long It was I remember John McCaffey told me every day that bitcoin is going to a million And a ton of other youtubers told me the same thing and I despised them for that honestly And uh when I'm in this situation, I just want to remind everybody that it's really is the long game I know that it's an asymmetric return, but the reason why I'm so calm on these days I've been doing this for four years five years now just dollar cost averaging and taking my lumps So to me on these days, it's not a big deal. Now if you're just into it I know these days kind of I mean these days are pretty good actually, but the last couple of weeks or so Not the greatest, right? It's okay Because if you just zoom out and just realize what you've got and where things are going the things we just talked about It's all gonna be all right. So that's what I got and then as far as that but I did want to uh Take a look at one more thing which was uh the nfts Let's see. Where is this? Four of five Let me break this up the question that I keep getting at these board apiak club or data earn save that the question so This builds on everything we just talked about because to me when I look in the future As an investor, I'm looking at the next The next two years the next three years the next five years the next seven years And that's what I try to just do as an investor because I know I'm going to be in it for the long haul So to me when I take a look at uh, you know, what's the next play? I mean My goals are not your goals, right? So I'm not going to dump everything into bitcoin because Right now. I don't think there's like, uh, you know a pretty huge upside I mean it could go to a million, but I I know it could but the question is time So to me I try to like, you know hedge my bets So the question then becomes well rob if we're taking a look at nfts and we've seen, you know, pretty great big jump in that Where does it all come from and what i'm talking about here? I'm not doing a great job here I'm talking about nfts and We're talking about Where is everything coming from and this was a good On-chain analysis from the block crypto and it talks about weekly trade. Ah, yeah, I guess yeah this song I'm looking for which is Weekly nft sales by category. Can you see all this all these these dark spots here? Oh nice Nice little pop up these little dark spots right here. This is ardent collectibles. This would be like your doge pound and board board apiacht club and What else uh cyber cons and uh, and these nuts and those sorts of things so like, uh Yeah, it's an empty so like and these this ardent collectibles You think that's like this is all you hear about as nfts But really if you take a look behind the picture, this is what's driving everything gaming gaming gaming nfts Which is pretty amazing right over here wasn't too much gaming all of it And that was just weekly nft sales by category Weekly nft transactions by category and if this is it gets even more pronounced look at this gaming is just Eating everything up even those nfts and we know how big those are right and our collectibles a little bit correct correction And then average prices and so on and so forth. So when I take a look at this My big my next big play that I think about is of course we can do the blue chip cryptos and everything else. That's great The next big plague for me is I've been talking about as metaverse and play to earn games There was a great video and I recommend everybody. I'm gonna I linked it in the description I think it I hope I did but it's uh, this is from blockchain gaming Unchained gaming and this guy It's great guy. It's pretty funny And he says is if the video is all about is the metaverse good for humanity and how people are using play to earn to actually make an actual living and the games to actually get into and actually to invest to now As opposed to later and it's a great video. Go check that out on top of that I've been also covering this and I'll link those at the very end Uh, we've talked about apigotchi as far as a play to earn game We've taken a look at the actual metaverse as far as like the sandbox and how to You know pick up pick apart those different places There's another project that I think is going to be very big Elemental knights is going into this game called against apigotchi. I know this sounds a little bit uh A little bit out there, but just know this here's the thing this elemental knights game. It already is on ps4 It's already a nintendo switch. It's already on ios and it's already on android and they're taking all their users That are doing it right now and they're going right into the metaverse play to earn game So if you think that these guys these people love the fact that they're getting, you know, free to play games Well, guess what now they're coming over to ginsokishi and this is the thing It's just getting started everything starts this week So I did a deep dive video and I will it's linked in the description. You can check it out And uh, this is another project that i'm getting into and again on this channel I'm super biased. So everything I talk about I've already invested into And that's because I've skin in the game. That's what we got. So look, uh, that's it for today. Let's do Let's do a little q&a. I know that's a little bit longer But I think it was important especially today just to kind of zoom out and then also talk about The way out which to me is dollar cross averaging Just keep them going the same way because in four or five years I think some things are gonna be pretty big and also take a look at the next evolution Of what to actually I'm investing in again not financial advice or financial opinion. Let's go to the comment section shall we comments Woo speaking quite a long time dj flexa. That's a good one cyber attack 2022 23 It's a good question. No idea could be Uh, most folks go to church for the gospel kind of damn for the gospel. Thank you. Oh man, eric murphy comic Well the channel great info good. I appreciate it Who's gonna think negative to say? Those are the fun ones Ah joker smokers are the same. It's kind of the same thing. Uh, huge wick huge bounce down slipping exactly right and you know, this one's a little bit different because in the last bull run 2017 We saw You know, we have pullbacks of 20 30 percent same thing over here. However Not as frequently and it seems like we're going to go forth. I Thought there's gonna be fireworks in december. It doesn't look like it's turning out that way And there's two reference points one ral pal talking about how the hedge funds are locking everything in because they're selling off everything And locking the profits so they can say we got a big one or a big winner And then uh, simon u from storm x said the exact same thing and of course, there's also a story. I've been talking about the last Two weeks where these different CEOs, uh, you'll have like the bill gates and the elon musk They've been selling off like 69 billion dollars worth of their stocks before the end of the year For tax reasons. So I don't know if the December's gonna be that one qfo nut zed run 80k by the beginning of february, I sure hope so I expect volatility me too 160k. Yep Who does the sec go up for ripple is settled? They're gonna have an uphill battle And NFTs are a joke for art. It's upon the scheme probably but remember It's it's not about the actual art. It's about the access it gives you Thanks dan about my first, uh, but kind of Congratulations, that is not easy Hi, how you doing? You forgot to mention we are the All right guys, that's it. So not too many big questions. I just wanted to make sure that we are on the same page That's what's going on. So look if you like today's video, give it a thumbs up I'll also consider subscribing all things we talk about our time sensitive and then also, uh, Don't forget I'm going to link that again. So kushi video and it just I mean the private sales this week and As far as like nft collection and land and all that stuff I did a pretty Comprehensive deep dive doing here a lot of people talk about it. Check that out. That's all I got for you All right. Thanks so much. See you on the next one