 Let me talk about his time sensitive now want to stick around. We'll do a little Q&A answer all your questions and we'll go from there Alright Who was it that said bit connect and says? Rightly so they likely have multi-seg hardware advice. Thank you Edward. You are correct Ryan said it bit connect to exactly Ryan's right. Remember bit connect. Oh, yeah Well, that was just a pretty much a Ponzi scheme man so is a So is Celsius to I Mean in the end it all these all these different companies they work until they don't and then when they don't work Well, then all of a sudden just goes the hell in a handbasket and of course they try to They try to make things work and at the very end just becomes just a big ass show. That's just how it goes And he's got a point that that confiscation by government due to economic crisis can be solved by crypto Government can be paid with any crypto for tax collection and everyone in the government can efficiently collect Well, they're pretty they're reasonably efficient right now. I'll tell you that as far as taxes go They seem to And of course, they've just hired new agents to make sure that you pay your fair share So they can go ahead and waste it on God knows what they're putting into take your pick of nonsense that they're actually doing Hey speaking of which There was a great video. I saw today on taxes So on taxes first of all taxes are coming up and if you need help with that There's a link in the description called coin ledger very simple software to use takes me 30 minutes to do it zip it off to my CPA What's also great is I live in Puerto Rico and of course capital gains tax We know how great that is but there's some people like why don't have that luxury watch this video There was this video. This is put out by Mark Kohler. Let me put this in he's registered CPA and He's got some really good points as far as like how to minimize taxes not avoid Like illegally avoid taxes, but to minimize taxes. Let me put this in here Mike Kohler watch that video and You've got a lot of great advice for that So check that out and put that actually in the comments sections now so you guys can see it There you go Yeah, so don't be fearful too much of taxes. I mean they suck, but I mean we got to pay him, right? It was no one wants to go to jail. It's pretty much how I works All right Hey now New time says are we gonna get a real-world asset picks video from Dean and channel? No, but we're going to do a deep dive into This one's a different one. It's an AI platform that's secured by Bitcoin and You can have we can run a validator on your phone Android or Apple Interesting right although I just said all the buzzwords that will pique your interest So we'll do that one. It's called Rainmaker if you follow me on x, you know what I'm talking about Also, we'll do a deep dive into aether which I just had there that's essentially using crypto to use the computational power of your unused GPUs or CPUs that you have right now and to To essentially move port forward to push forward artificial intelligence or AI that one's gonna do pretty well, too But again, it's all speculation Yeah mix mixes any fun either I just Yeah, that'll do well if you want to know what'll do well Sometimes it's not even like how great the project is just look around who's talking about who's pushing it I know some people say well, I hate that I hate that part Well, if you're a degenerate gambler Just take a look and measure the room the temperature of the room and see who's talking about it And if a lot of people will get into it and usually puts the price up But that's where it's up to you to take profits if you want to do a simple simple rationale like I talked about before if you Put in a hundred bucks and it doubles take your initial investment out And then when it doubles again Take take a take half out if it doubles again take half on just keep doing it and tell You don't have any kids just totally declines However, you have to consider this one big thing depending on where you're at if you're in America You do that before the one-year mark now you're gonna pay long-term or excuse me short-term capital gains tax Which depending on your tax bracket could be zero depending on how much you actually do if you if you File jointly with your spouse or single between 158,000 against 261,000 don't quote me. So it just depends if you wait a year Could be zero again could be 10 15 or 20% and then also tack on state capital gains tax. So Something like that Car says it's not taxes aren't the problem. It's how they're spent that we don't like that's true Alex needs to go to jail. Did you know Alex Mishinsky is not in jail? I just learned that and today in coin telegraph He has a 40 million dollar bond and he's just walking around free like it's no big deal unbelievable Din Pies says I'm ending an ethno. Congratulations. I Did not oh my god. I got a celebrity. It's Tom crown This guy's everywhere now that he gets a hundred thousand subscribers now He's he's flaunting and in every single place. Good job, Tommy. Just kidding. Hey there Tom crown Everywhere See I told you Let's see. I need to move back to Nevada I live in Nevada live in Las Vegas for two years If you like that kind of area It's probably the second place per capita of degenerate gamblers The first place would be X crypto X posts, but that's about it. Oh I like this Alex is being wrongly accused You sir are off your rocker If anybody is guilty it is that guy Tom is working hard working for the alpha Me cuz it's how save as I trust capital You know what? So I trust capital if you know no don't know it's for a Roth IRA And what's great about that is it can you can get into precious metals be into that I own gold and silver, but you can also use a plethora of different cryptos Bitcoin Ethereum all the way down to You know EOS, I think they still have it on there just crazy stuff only stuff that like Beardy would get into but there is this Thing I want to bring this up to you Top five. Let me see Put it this part on balance first off balance sheets. This is Like them to the thing the problem with with FTX and Celsius and Voyager is is Off balance first on balance So this is what this means when companies store customer accounts on balance sheet That means their customer assets are incorporated into the institutions total assets In other words in an on balance sheet The financial institution can use their clients money crypto assets as leverage for their own investments That's a recipe for disaster. That's exactly what happened With a lot of these different platforms that just collapsed and the reason why is because they used our crypto to fund their Their nonsense that they were doing behind the scenes and then they got caught because they got over exuberant and a bull market Thinking that would never go down like geniuses that they weren't So an off balance sheet is Separate from the institution is separate from the institution's asset Which means that there's an arms link between your assets and the institutions while exchanges like coin base finance The recently collapsed FTX operated on an on balance sheet. That's true. I trust capital is strictly an off balance sheet organization Providing an Adelaide of security and protection for your investments. So in that case, let's just see for some for some unforeseen reason I Trust collapses for some reason. They just couldn't get it together After going through one of the most brutal bear markets that we've ever seen and longest Well, not to me the longest but one some of the deepest and for some reason they just collapsed your Roth IRA is still protected and gets transferred to know the custodian because it's off balance for the sheets And I got to tell you I Even I like I've used them now. I think we're going on three years I do like these guys they have my funds and it was very hard to trust them after it was very hard to trust anybody after The voyage of the Celsius the block toilet stuff, but I'm telling you right now if you can make it through that bear market Pay attention the ones who built in the bear because they'll crush in the bull. That's it. So, yeah, hope that helps and that's what actually mark was talking about that About IRAs and things like that. What's great about Roth IRAs is that you can trade within the account and it's There is no There's no tax basis. You don't get taxed on the trade that you do within your your Roth IRA pretty cool, huh? I mean cool enough, but just remember that Roth IRAs you have to wait till your fifth nine and a half years old to take those out so Be aware that's what's happening Taking notes has got a great point If Coinbase ever needs money all they have to do is make their their token base Base league which because it's not you cannot Invest into base, which is the L2 we just talked about it doesn't exist. We can't get it as far as retail Nobody can get it. It's just one of the things that they actually use for For payments not payments for transactions and of course they can legally print, but they're not doing it Maybe they know something we don't maybe they're trying to appease the SEC Before Gary Gensler gets fired Yeah, yeah, yeah Roth is the best. Well for some Mean it works out for me. It's pretty good Kurt Von GNU says, how did you purchase and store your gold? How do you gain a sure custody? So it's the same thing the gold and the silver is actually through it trust I have some other places, which I will not disclose But through them they stored in the Canadian Mint So it's over there and documentation is there all markets are boring, but markets are born Who had more fun in the bear? Be honest It was fun. Sometimes right when you saw just how low it actually went Actually the bear markets are pretty They're pretty blasé when they go sideways because nobody likes sideways, right? I think we're all a different breed Then say traditional finance when everything goes like just straight like this like when you flat line It's very dull, right? But if it does this and it goes straight down like alright now We're talking because that means that things are gonna I can pick up some pretty cheap stuff and it goes even lower You're like, wow, this is great Of course There is a caveat to that if it goes to zero say like oh You know with like Luna and it's stablecoin or bit connect like we just talked about Or any kind of crazy junk mean point that's out there and of course he gets rug pulled That's a bad thing But of course if we're taking a look at some of the different L1s L0s and some of the more Prestigious projects. Yeah, it's pretty fun. And then of course when it goes up, that's fun too But some days man some days. I just don't I'm not a big fan of this either has to go straight down or straight up That's really all I care about Talk about someone who has just been destroyed by these markets John called it. I do I throw the gold on the pool, which is under the green screen Portable detective. What if Bitcoin will kill all alts. It could happen Look, there's a vibrance L2 projects later to build on Ethereum. I'm excuse me built on Bitcoin Do we need all these different projects that are out there? I don't know if we need but they actually do Work and people Institutions and even governments are working with and even banks are working with different altcoins I mean just take a look at look no farther than avalanche Avalanche just signed a deal with Alipay. Alipay If you don't know is a is a massive network for payments and it has 1.2 billion users We just talked about it yesterday. They didn't pick Bitcoin and then pick a thing that they picked avalanche And then if you take a look at all the difference or a lot of the The web3 games that are coming out. What are they chosen? They've chosen a lot of other L1s and some L2s, which is true So do I think Bitcoin can kill all the alts? No, I don't think it can do that I think Bitcoin's got its own niche and what it actually does and let it do that thing It's great, but then some of these alts. It's uh, I Think it's a bit more appropriate for the things we just talked about Yeah The bear was more real true Dave says why would the ETF start selling before the bull market? well, you got to remember traditional finance and some of the more savvy investors When you hear all these narratives about it's gonna keep going up and it's gonna be fantastic And we just got a you know, just hold tight and diamond hands that baby and just keep going up The other people who have a lot of money and I hate to say the word smart smart money It's not that smart They're just they're just seasoned grizzled veterans. They just go. Oh, I like that narrative I'm gonna dump it on everybody and they can do that because it's not like it's a huge market So they can dump those things and they can make a huge profit. Look if you had sold that You know 73 74k Because you're like this is way too frothy if you take a look at the weekly RSI You're like that's pretty high And if you take a look at the fear and greed index think it was all the way up to 90 and that situation you probably There's just take some profits. Now. Did I do that? No, I did not I did not I have my other indicators Well multiple bicycle top then the RVZ score stuff like that time in wristbands didn't show it to me that I should take profits at this point Maybe I should But again, those people are gonna sell and they're gonna dump on and then it's gonna go down and then it's gonna Just ride that way and good for them Good for them. That's why Later on when you're sitting in front of your computer or your phone and your thing yourself Should I should I sell feels like I'm dumping on people. Yes Yes, you should because everybody's been dumping on you for how long now It's up to you to dump on people and they can pick up the torch. That's how it goes Ah The rest of this junk is going to zero could be Dave says XRP is garbage Wow Dave woke up and chose violence you're gonna get people from the XRP army mad at you Look, it's a great stable coin. I don't now actually just kidding Actually today, correct me if I'm wrong, but isn't XRP up at like 9%? Let me see something. Okay. Well, I'm not bad. Look at this XRP is up 6% in 24 hours. I can't remember the last time I went into a XRP chart, but hey Let's take a look over the month. All right three months. Okay one year Okay, let's max out That's not so great. What was this? Oh, yeah I don't know if you guys remember this but XRP used to be a big thing I mean as far as price wise goes it might change the world. I don't know But used to be three bucks and then of course Got sued by the SEC Ripple and they fought and they fought and they fought and they partially won They did beat the SEC and now of course they have clarity and they just go sideways. That's it's a shame It's a shame. I don't think that's true Yeah, that's true. This is interesting POW proof of work coins are exempt from being a security. That's why ETH was created as proof of stake It was created as a it was created as a proof of work and then migrated proof of stake We'll see I Will say it was interesting that the timing of the SEC Launching their investigation, which I guess has been going on since 2022 coincides with the time when Around the time when they switched from proof of work to prove a stake, but we'll see I Mean look the SEC isn't unbeatable, right? We've been getting there They've been getting beaten pretty well pretty pretty soundly in the courts, which is amazing to me why I Gary's just just likes to take the L's I guess that's fine. We'll keep handed them out Prokish says hey Rob I am my bi-order set at 600 for ETH and 12 cents for a car for Ben Cohen When will they feel one recession? Hey first of all, I Also called for a recession. I called for Bitcoin at 12k. I said all those things right, but what else do we say? We said man I hope that actually happens not for the recession I didn't really hope that would happen But I hope it actually did go down because that means that's what if you dollar-cost averaging You're good to go. I don't think it's a great idea to set like okay Here's a price prediction. Bitcoin's going to 500,000 on December 12th 2024. Okay, I'm gonna set I'm gonna set my seller there. Hey Rob said it was was good to 500,000 I didn't sell what happened maybe maybe if you're gonna dollar-cost average and maybe dollar-cost average out Something like that don't blame Ben because he thought it was gonna go down lower Look, I think that's on us. We should have actually been Dollar-cost. Well, I did that Of course now, what do we what do we say to ourselves boy? I wish I would have dollar-cost average more There's only so much you can do there's only so much you can buy Right and people say well, you should just lump some like lump some listen pal. I do I mean Reasonable amounts every day of dollar-cost average. I don't have time to lump some I don't need more money. I Mean you should see my bank account it looks like an emaciated Horrible patient and then of course in my crypto account looks like you know sliced alone 1984 rocky just huge. That was an old reference. I'm old Shrugle wise is Gensler has already said in multiple salon at Cardano securities and he's correct He didn't specifically name them but when he brought litigation against certain exchanges he put in the writings in the in the verbiage That said that these are specifically you are dealing in security such as Solana Cardano blah blah blah and it wasn't but it was weird because it wasn't it wasn't the same for Coinbase as he listed for the ones for Kraken. It was very strange. That's sure but yet No actions have been taken against individual projects Oh, I mean people are the blame others first the pity look we all We're all kind of just kind of working our way through it, right? We're just trying to find the right thing for us I'm just telling you you know like This is this is why I've been preaching. I don't know if you've ever been on my show But I'm always talking about dollar-cost averaging and kind of getting in and be a little bit more Reserved instead of just you know instead of price man I did some stupid things in the beginning of giving price predictions. I'm never dead again. So Rob, what would you do if you owned real estate in New York you tell me what I've stayed in New York or were we talking about? Well, I know there's a new law that's Is reducing the amounts of short-term rentals, which is what we do here in Puerto Rico and Texas so if I didn't have that option and I took a look at long-term rentals I didn't have long-term renters for whatever reason then I would start to say well Maybe I it's a might be a good time to sell it and put it into some other type of asset gold. I'm just kidding It just depends and then I also you want to think about this like Am I using this this property that I have if I own real estate is this my homestead or is this You know as for like like an investment if it's for an investment remember if you're dealing with taxes It's a decent amount And actually help you with the depreciation of the value of the house itself to offset some of your taxes So in that email might also be a winner again talk to a CPA, but if you're like, you know what? I'm not renting. I'm losing money. This place is an asshole. I just can't deal with this That's you know, I would probably think about selling but there's a lot of different things I can't give you financial advice or what to do in that situation. There's so many different things that you can do with that Maybe you could tokenize it and put on Ethereum Mm-hmm Tell that to my back and my knees. All right Let's see Tyson vs. Paul Robvers-Ginster. I Don't want to Tyson vs. Paul. I will watch that though. I Can't help it Edward Fox good question. Do you manage your own church or rentals or you have agents managing them? We used to have agents managing them here in Puerto Rico when we would go back to Texas But just know that if you do something like that, I mean here, it's like 20% 20% of profits which we thought was ridiculously high But we did it for a year just to see how it works didn't like it at all and now we just manage them ourselves So yeah, we do it all ourselves But it gets it gets quite tiresome Very difficult. Oh and also One more thing on that New York Comments about real estate. I don't you saw that video about squatters I apparently there's a law in New York where people can go into your not if you're in the house But if you're renting the house if they stay there for 30 days and they don't leave They have domain and you have to go through the court system to actually get them Evicted which is crazy to me crazy now. They're trying to pass some new laws That's not a someday. I mean recognize the country I grew up in this is insane I hope all his life insurance. I don't know how old's Mike Tyson How old's Jake Paul don't what don't let Mike Tyson fool you Because he's got a nice little snippet of like, you know a couple minutes of him really Going great hard on the pads and everything else You get winded fast and Adrienne says it Tyson needs a cash infusion Look, and they're wearing pads and headgear. It's just an exhibition. I'll still watch it though Oh my god 57 and 27. Yeah, that sounds fair. All right, everybody. So I think we're good. So Lastly I will say that's Don't pay attention too much to the to the markets as best you can it's gonna be a bumpy ride Especially getting going into the having which we're looking at April 20th. It's gonna be a little bit wild and We won't really see I'm they were gonna see much major major action So we start getting later in a 2024 and that's it to get out of here and just try to enjoy your life like today. I'm going to Convado To the beach today enjoy the the Sun and maybe play a little ball and have some good times That's it for today. So everybody like today's video thumbs up before you leave subscribe all that great stuff again There's links in the description for the videos that we talked about but thanks so much thumb by appreciate you And I'll see you on the next one. Adios