 Hello everybody, welcome to the live stream and today just like the thumbnail and title suggest It's one of those days when we have to just do a little bit of a gut check and take a look at the market and say well This was expected. What am I gonna do now? Am I gonna stick to my plan? Am I gonna bail and really it all really comes down to you and what you want to do But I'm gonna talk about the options that are available and what history shows us So first of all everybody welcome. Thanks for stopping by I do appreciate it if you haven't checked out today's video We did NFA live with me and guy from coin Bureau and Ben from the cryptoverse good stuff It was a lot of good talk that we had I couldn't believe Ben actually talked about altcoins I got roped into talking about politics, which never makes anybody friends But you can check that out as a link in the description and I really I enjoyed this one was pretty good. So This is what we have today before we get to the market. I'm just gonna let you know that it's probably gonna get worse I don't know if it's going to keep going down Exponentially or if it's gonna be a sideways action a little bit of a of a drop-down But it's not looking good and this is usually kind of how things play out now I thought it might be a little bit better because of the ETF We might have seen a big inflow, but it's not the case right now, but really I'm not too concerned However, I did see this today. I thought it was interesting. This is from Bitcoin archive. You don't follow this publication You definitely should they've got a lot of great information over there on x I'll link them in the description But it comes out and says hey just in Bitcoin overtakes silver to become the second biggest commodity ETF gold at 96 billion And this isn't total value because this is just ETF gold has a total market value of over I want to say 10.5 trillion dollars. So that's not the whole thing, but the ETF Yes, gold 96 billion Bitcoin 27 and a half and silver 11 and a half billion. That's just weak one and it sounds great. Doesn't it really does sounds good Everybody's happy woo ATF. I didn't think it was gonna go through honestly But here we are and what that do for the price? Absolutely nothing dropped it down at the ground and people are gonna ask Why is it dropping? What's happening? What's going on? Well, it comes down to There's more sellers than there's buyers That's that's really what it what it is and I and I could I mean we could talk about, you know The grayscale dumping and people swapping in and out of the different exchanges that are going along with the process And you know, maybe there's a little bit of a problem with with the macro economy and people are afraid of this And and there was a there was a post actually by by Mike and he said hey if you bought I bet at the beginning You're down 16% in a week and I have to tell you if you're a traditional Finance player and you just got into crypto and this is your first foray To a Bitcoin ETF and you're down 16% that is the worst year you probably have And that's a Thursday for us. So I'm not surprised if people are unloading this or not. I just really aren't I'm not I think that people got into the ETF thinking that it's gonna go up forever because that's what you know If fidelity is behind and black rock it should and maybe they dabbled into on the other side for altcoins And they got wrecked over on Bitcoin at 60% like I gotta I gotta get out of here And that's just how it is people have to learn and that's just what it is now for us for me personally I just take a look at the history and just say well, I think it's gonna be all right and to do that I Steal information from Ben's website. This is into the crypto verse links in the description the tool I'm gonna show you is free the DCA simulation. I love using it and If you want to sign up for the more Advanced stuff which will help you I think it helps me a lot links in the description get 10% off the first month But here's the thing I just want to show you Why some people like myself are pretty calm and other people are freaking out And just comes down to time Believe me. I know what you're going through in 2017 Actually in 2018 2017 was a great year 2018 I was exactly where you were and I had gone through a nice bull run and everything was supposed to go up and everybody lied to Me and then I had youtubers telling me that don't worry hodl. It's gonna be all right. It's gonna be fine I was like who the hell is this guy telling me I Did I'm down like 70% and now here I am that guy. It's just amazing how these things kind of turn out But it's just how it is time in the market. He's timing the market in some way shapes and form I was gonna show you something Bitcoin 10 bucks a day and since we're all believers somewhat in the four-year cycle Let's go back four years because in 2020 we had a halving roughly on may 11th or 12th correcting the comment section So Let's just talk about The pre-having is it the 7th? It's the 18th. Sweet Mary and Joseph. All right It's the 18th today. We'll go back four years, right? January 18th 2020 about three months away from the bitcoin halving If you just put 10 bucks a day in a bitcoin Wouldn't be a bad time to do it even if you were up Or it doesn't really matter. I mean because you're a you're in kind of like this downward spiral And even if you did that Again looking at January. I wanted to show you this part here when you're buying it The asset price was $8900 and you got 0.001 bitcoin. That's for 10 bucks the next day It was 20 and so on and so forth, right? But you see here that the very beginning you're already down because The market was volatile Then it goes green for a bit and then you just hit this slump in February and this is usually what happens Usually before a halving we have a little bit of a slump or a drawdown And everybody freaks the f out. You're like, I knew it this four-year cycle is BS. I'm out of here And that's fine But it's still I mean, I'm not going to say that it's perfect But it seems to follow along with a pattern So you're down and you feeling awful here. You're really down on march 12. Look at this On march 12 2020 you bought bitcoin at 70 almost 8,000. You thought you were a genius Because it used to be 10,000 and above used to be 20,000. So you're like, I'm the smartest man alive And then the next day when this thing called covid comes out It went from 700 to 3,800 dollars for one bitcoin and your value got slashed in half half half And you're like, I knew it this pandemic is going to go on forever And it's going to be awful and you're in the red and you're sucking wind And you're you're hurting because you haven't been in the in the game that long You just started in january for Pete's sakes or maybe you even bought at the top But you persevere because you're getting nothing else going on. You're like, well 10 bucks. Why not? And look at that all of a sudden Right around the having things have to change Things go up and you're feeling pretty good You're like, hey, this is not bad And then you just kind of coast on this for quite some time and you keep putting in keep putting in 2020 is a great year. Hey that having goes by you know what happens after having all time highs And then before you know it I mean you're feeling pretty good. Look at this. Just look at this. This is great stuff in 2021. You're a genius You got a third of a bitcoin You've only invested 4,500 bucks and you got 22 grand in there Ah, it's a great days and you come to may same thing Us is doing pretty good And june july comes in you're still in the green. You're still in the green because you got in around right before the having And you're feeling good. You're feeling great. Look at this. Look at this 6800 you got 23,000 you got almost half a bitcoin baller And everything's going great and you're like i'll never sell Because it'll always keep going up But it doesn't And then it goes down You're still in the green, but you see how much leeway you have here just time. Look at this My finger is getting tired just scrolling through this stuff This is why most people around here as they're in the green did not they're calm just like me because they're like Well, I don't care. It would have been great if I could have sold but It'll come back But then inevitably around some point if you hold on too long it goes down because brutal bear markets come in November 8th and remember this is all the time. This is two three years essentially Now you're in november 8 2022 and you're only worth 10,000 and it sucks But you hold on because you go through extra like that's not going to last forever. I've already been to this Now here we are again running things up And you're doing pretty good and look at this now you're at 30,000 30,000 Ah, you've doubled your money. It's pretty easy and all you have to do is do 10 bucks The whole thing i'm trying to prove here is this is that yes, it sucks right now Especially if you're new but just sticking around just dollar cost averaging It usually tends to work out As time goes on now. I can't help you if you're getting into meme coins and things like that Bitcoin seems to be one of the safer the safer assets at the most Volatile markets, but I just want to show you that there is White at the end of the tunnel just stick around and then at some point you'll probably you're probably have a youtube channel Like me telling people to stop worrying And then here you are and then last thing i'll say and i want to do some I want to do more q&a and gets everybody's thoughts today, but i talked about this on nfa live This was a tweet from lady a crypto and And she said you know if you think about it and you take a look back historically This is the time this is the goldilocks time to really start thinking about investing In the altcoins and of course me and ben went around with this but You know ben's ben i understand this position, but this is mine Which i think hey, that's what makes the world go around a little bit of risk and she points that she plots this out in 2020 again the halving was around may of 2020 This is the goldilocks months When some of the greatest projects get get launched Because they're not stupid enough to launch, you know solely in the bear market And not stupid enough to launch at like the very all-time highs because there's only one way you can go And they build in the bears they can crush it in the bull And you get stuff like this maddock axi solana april 2020 sandbox shiba inu Gala avax all around the same time so not everyone's going to be a winner But i think that the things that i've seen especially like web 3 and ai and dex's Uh, i think it's going to be pretty magnificent moving forward It's just who's going to have the gut check to say you know what i'm going to stick around I know this part sucks But it's happened before it'll happen again and i'll get out of it and there's proof all around me So let me know what you think about that in the comment section Just want to kind of lay it out there tell people not to worry now Let's talk a little bit about taxes. Yay taxes. Nobody likes this stuff. I know But this was asked to me by uh a subscriber And they said hey rob, what's going on with voyager because i needed at some point in the us. I got to pay taxes And i said i don't know let's let me reach out to coin ledger So i tweeted out or i xed or put a post Said hey coin ledger, how do we deal with invest voyager this year for our tax returns? I said those jerks still have 60 plus of our funds that they squandered on the three arrows capital with the trust me bro loan was stupidity I said can we claim the losses this year or not The coin ledger says yes, you can which i didn't think that they would We are finalizing external communications right now with the voyager estate Which will discuss exactly how voyager holdings and transactions are treated from a tax perspective All voyager users will get an email once live We expect this to go live in the next two weeks. So I will keep everybody updated for your tax purposes pleasures And uh again coin ledger if you're having troubles with your crypto taxes because they're doing april 15th If you've got like 10 transactions, you don't need coin ledger. You can figure it out yourself You're pretty smart But if you got like 100 transactions, so and it's just confusing at a bunch of wallets Just make it easy. This is what this will be my third year using it It you can sign up for free you can run things through but just to get a report it costs between 100 and 200 dollars But trust me for my cpa. I mean it makes her job a lot easier and i'm not going to pay my cpa You know 150 bucks an hour or whatever she charges. I forget I'm going to do it right here Uh just for this part the other business or something else and then also as a reminder Uh, they have a portfolio track going live. So join that waitlist. I've already gone through it It's pretty cool and that part is pretty awesome It tells you like, you know, your cost-based analysis One's a good time to not when's a good time to sell but when you're up when you're down How much will be like short-term capital gains? How much would be long-term capital gains and everything in between? Check that out links in the description and that's it for today. So look That's really it and i'll just take seth's advice Stay calm and hodl on that's really all you got to do See you in the next bull run. That's it for today everybody if you like today's video Give it a thumbs up consider subscribing everything we talk about is time sensitive You