 Welcome to the last set news or Dan for short. My name is Rob and today is the time what title and thumbnail suggests We're gonna take a look at some of the old adages of what warm Buffett talked about be fearful One of those are greedy and greedy. We don't those are fearful I'm gonna take a look at how that is actually just a little bit off base then we'll take a look at CZ Binance talking about Twitter and Binance working together and lastly We'll take a look at this is a big week For the crypto and traditional finance sector take a look at why and also there is elections coming up as far as next Tuesday in America And that is what's going on then at the very end. We'll do a little Q&A. So as you can tell we're not in Texas anymore. We're here in Puerto Rico and actually our original house has no electricity so we are staying at one of our Fixer upper places and trying to make everything work, but right now Let's just talk about this little piece of advice. I thought it was interesting Especially because it's an old adage that we hear a lot about, you know Be fearful those are greedy and we greedy when those are fearful and really that's not what Warren Buffett talked about and he he said these words for the things that he said behind the scenes or did Behind the scenes were a lot different than what he was talking about I think it's it holds true right now as people are trying to buy up everything and they're saying well These you know, these prices are just so great and we should just keep buying and buying and buying we can buy But really I think the more important thing is what's really where really is the value and the valuations of crypto products that you're looking at So this was a pretty good article from Motley Fool what Warren Buffett said 20 years ago Does it still hold true with the market down 23% so it states the S&P 500 is down 20% year to dates And I'm like is it that low and we take a look here at Google.finance and take year-to-date. Yeah, it's about 20% 22% So yeah, it's pretty low for what it is and then we take a look at NASDAQ. That's even worse NASDAQ is at 31% And just getting hit hard And so I guess for this one it is very true and we think that's awful. It's not that bad in 2008 It was only they were down 38% that year So if you think that right now that just because we're a little bit low Doesn't mean we can't go lower Just remember there's plenty of times and plenty of instances where we have gone lower. Does that mean we're going to stay low forever? No bear markets go in cycles bull markets go in cycles and it's just a natural cycle of things So the Warren Buffett phrase be fearful and those are greedy and we're greedy and one of those are fearful Did Warren Buffett actually follow his advice? well Kind of but not really in 2002 when stocks were down 23% and they were down for a third year straight He didn't do what he said he was going to do. He did not keep buying stocks So all the things he talked about people are like, well, that's what Warren Buffett would do And he's the one of the greatest investors of all time But there's a story behind the story. So Buffett's ultimate goal was not to Just buy stocks willy-nilly whenever they were down That's reactive behavior. I think we're all familiar with that reactive behavior need jerk reaction as far as selling foam owing into Buying a little bit too much selling a little bit too early. Those are major reactions I think we need to slow down and take a look at What is the actual project? So he continued to objectively value stocks Based on their business prospects Buffett's primary concern wasn't how far stocks were down from their highs But rather whether those businesses were undervalued or overvalued. That's the big thing right now with crypto I mean, we we can take a look at Massive amounts of crypto products that are down. I mean hugely and some may not even go Pick back up. So I know some people say well I'm going to put it all into this this script or that crypto But really take a look at it. What is your crypto that you're investing into? How big is their community? How? How massive can it be? What can it actually do? What's the real utility? Does it actually do something or just a me too project? What is the team behind it? They pretty solid have they done things before and where can they lead you to the future and then of course the tokenomics uh, is it's uh trillions or or You know quad trillions of tokens that is an inflationary asset Or is it reasonably amount as far as the tokenomics and who's really getting dumped on so? I think it's a bigger bigger question of You know, what is the best option here and just like it it talks about here in 2002 Warren Buffett said we are not buying he said we continue to do little inequities And we're not going to buy right now because he was he thought that things would drop even further and they did So again, if we take a look and say well, this is how it's going to be that's how it is so The misinterpretation many of interpretive Buffett's words on fear and greed mean you should simply buy stocks. That's not true Many investors diligently attempt to emulate Buffett's success can either buy stocks in the bear market valuations aren't afterthought so if we Again take a look here I mean bitcoin is down I mean over roughly 60 61 62 percent just for the year and uh, that's actually going back to January 1st 47,000 so I just want to Tell you that You can keep buying. I mean I still dollar cost average a little bit here But I think we have a little ways to go but We take a look at the good parts of that which is the trend line. This is from uh, this is Ben's website into the cryptiverse And uh links to the description and what I liked about this is we can kind of zoom in on things and Take a look at the crypto market cap and the trend line and the usage itself is That's uh upper band is made to fit the historic peaks The fair value red line helps to signal bullish times one's staying for a prolonged time above it or bearish ones below it Which is bearish right now The lower band is uh mostly for support and we can just take a look here that We are Right now when we were right, let me blow this up For fair value That was the 9th of may 2022. I mean we were way Way way way well almost two or three times above it and now we have been below it for quite some time Does that mean it can't fall further? Maybe maybe not that's why I continued to just a dollar cost average But I will tell you this one thing I do like about this is If we take this out And just take a look at the fair the fair value if we hit it Let's say in a couple of years or so if we hit the fair market value in 2024 The fair value 3.2 trillion in 20 nice is 0.23. Let me go farther almost four trillion dollars For the fair market value in 2024 and then in 2025 when I think things are really going to pop off You're looking at 6.2 trillion And that's in a bull market. I think we could see that but I want to remind you of one thing And that is that it takes a long time to get there But take a look at how far we were above actually Take a look at how far we were above In our last bull run I think we're almost double Total market cap 2.3 almost triple six six trillion. So If we extrapolate this out 2024 that's quite a bit And if we even take a look at I like this one the total crypto valuation versus the trend line This is how much we are above or below right now. We are 51 almost 55 percent Of the valuation of fair market value And then back here almost 200 percent and of course in the big bull run in 2017 the valuation was 732 above the fair market value. So I think there's There's gains to be had it just going to be a little bit longer than what people think and again If you don't think that we can fall farther I think there's a little bit farther down to go. So the other thing about that in the comment section then Interesting article came about As far as Binance and twitter and if you've been living on a rock, maybe you've heard that uh Elon musk went about and and bought twitter Pretty funny. Hopefully it actually turned around. I know a lot of people are leaving twitter I don't know why I think it's only to get better, but this is a pretty good piece for them Uh, CZ Binance, he says that charging twitter users can be done very easily globally using crypto He says, uh, we want to help solve many of problems As Al said on seemingly seen squawk box charging for memberships, etc It can be done very easily globally using crypto as a means of payment. This would be essentially taking twitter Which is a pretty good use case for the dissemination of of information and go from web 2 to web 3 Integrating those wallets Integrating a metamask wallet integrating dogecoin. Heck, I don't care just something that people can use And the whole thing of this this comes about uh, because there was buzz after possible Monthly charges for twitter blue subscriptions As well as charge for verified users who would lose the blue check mark within 90 days Look, I gotta tell you I've tried to get verified now for over a year On twitter and I cannot get verified. I'm glad they fired all those people quite honestly because I mean People in twitter were using my handle to do a ton of scams So I was like, I don't know why I can't get verified why you guys can give it to me And here we are so if I was to pay 20 bucks a month for verification to protect people who are who are falling in twitter Sure I don't see a problem with that and I will definitely gladly pay that And then to finish up cd says I believe twitter is not been monetized. Well, that's for true It's not grown well I don't know. I think it's done pretty well. There's many tactical problems like the bots the spam It's just not been running very well And I gotta tell you if he gets his way if seize he gets the way And they're able to monetize And do things on twitter with crypto watch out. I think that's a the primary reason why you see dogecoin Jumping up so much. I'd love to see that. I'd love to see Being able to pay for services and goods and things like that on twitter Being able to pay for that blue checkmark and also being able to twit to tip on twitter Which I think you can still but uh doing it a more easily way across the board I think that would bring a lot of adoption in the crypto anyhow I want you to think about that in the comments and then uh, lastly, this is a big week for crypto And traditional finance because a couple different things first of all today's tuesday, right? Yeah Earnings for micro strategy came out. We're going to come out Wednesday. Celsius final bid deadline I don't think uh, that's going to go too far right now. They're doing the uh, there's a hearing going on For Celsius and that's going to be a long drawn-out process Uh, and of course the feds rate decision And they think everybody thinks it's going to be setting five basis points I think he'd be setting five maybe a hundred. I mean look, uh, gdp has actually gone up Uh, the employment rate has actually gone down So the things that the fed is doing is not working. I mean right now Hopefully they stay the line at 75 because they know it's going to take a while six nine twelve months Before these things really take effect, but hopefully they don't go on a hundred basis points, but 75 It's all priced in I think we'll see there's a there's it doesn't matter Even though it's priced in for the rational there's still going to people are going to uh They're going to just panic and sell anyhow The press count was 18 30 robin hood earnings. I guess uh, the bank of england rate decision Again, they're going to go setting five basis points block PayPal and coin base earnings is also on thursday And nft 12 30 that's been one okay, so that's a pretty Banger of a week that's for sure and then also here in the states Midterm elections are next tuesday So Well, first of all If you don't know Democrats hold the house and the senate and according to polymarket.com Which is based on polygon Their midterms forecast is as such I don't know why they have sense here and there's a little bit of an error I think but uh, there's a 64 chance republicans will win the senate I can see that and an 87 chance republicans win the house. Why does that matter? It matters because then maybe we can get some things done I got to tell you if there's anybody who is sympathetic towards crypto digital assets It's republicans. Whether you hate them or love them. I don't care Uh, they're at least the ones that are actually voting for the things to to push the whole Uh state of crypto forward. So I can get behind that also on top of that You usually see a bit of a bump in the markets following midterm elections because no one likes Uh, ambiguity or maybe some some unsuredness of what's happening But before the midterm S&P 500 prices usually in the negatives from all the way up until that point when there's a there's a vote Then within three months Actually, I'm just going here Midterm average within three months you get a bump of seven and a half percent roughly And then in six months you get 15 12 months 16.3 percent And that's just an average across the board going all the way back In the JFK days in the in the 60s. So look, I know it's been a heck of a of a of a time When we really haven't seen much action in crypto and that's just the bear markets. It's boring People leave I get it. I even I get bored too because it's not really that price action But this is where I made all my money last time As far as crypto digital assets was 2018 2019 what I just trudged along Kept dollar cost averaging didn't go all in because I knew that there was some some bigger lows in 2018 We did see that we saw bitcoin just truck along for quite some time and then Uh, I think in december dropped under 50 percent So just be careful out there and that's it. So look, that's it for today in the news If you like today's video give it a thumbs up and consider subscribing all that stuff. We're uh Time sensitive and that is it for today. Now. We'll get into the little q&a. Hopefully the noise isn't too loud We've got construction going on the background. Unfortunately But uh now let's jump into a little q&a. I'll answer all your burning questions the best of my abilities Let's go from there All right, let me get out of here Let's see nicolai I'm hoping for a hundred hundred basis points. I said a few greens ready to deploy some of them tomorrow I gotta tell you I'm with you nicolai. I was hoping they would have done that in the beginning Just scare the living tar out of the out of the markets Make everybody shard their pants and then just say look if that goes that's a hundred basis points You want to keep you want us to keep doing that? We'll turn this car around right now Stop with uh with the heavy demand and I I think that would have worked a lot better than just going 50 75 or 75 75 75 Just rip the bandit off and just start off strong. But uh, we'll see We'll see if they have the resolve to keep going Uh Now he says be careful what you wish for with your red votes. I vote candidates not parties. Of course, of course not We don't want to do those things. I gotta tell you I've uh, I've voted for much worse and well, so I would uh, to me on all honesty I think we can all agree that politicians are liars, right? I mean, they're paid to lie essentially so I mean, hopefully they can move forward with kryptonisial assets and uh The positivity as far as the the bills that are coming about I don't I don't see Why they wouldn't if they want to keep a competitive advantage in their district because again kryptonisial assets, especially here in texas. Well I'm in portorico now, but in texas Uh, crypto is great for job creation. Have you seen all the all the job creation and uh construction is being done for different bitcoin mining operations That helps Those senators and And house members who want to get elected because that's just give their constituents. So let's hope so. Let's see ETH went up 20 percent In what time frame? That's always the question Let's take a look Actually, let me go here But but but but ETH went up 20 percent not today But in seven days it's gone up 17 percent. So yeah, now it's a little bit, uh, I think I topped out around 16 20 somewhere around there So not too bad. We'll take it I read somewhere we should vote no on the plan for ftx. So I read the exact opposite I just got a letter from voyager and it pretty much said that uh, the ucc which never really disclosed The different plans for voyager All of them. They just pretty much put forth and said, okay ftx is is is the best one that they have Uh, but what's interesting to me is first of all, the uc is is made up of people who are people just like you and me Who have lost money on voyager? And one of the things they did go against is they were not going to allow the ceo Steve earlick and the ceo to get off scott free. Uh, they took a look at, uh, their Uh, revenue Are their different assets that they had and apparently steve only had like 2.1 million dollars worth Uh, as far as net worth, which I find extremely hard to believe Extremely hard to believe and they're saying that's they're going to go forward They want people to vote. Yes for the ftx. I'll take a look There is a time frame that said in november 29th. So we got times for me to take a look at it and see what actually is The problem is is that they said, uh If we go forward Uh, that will Admonish or let off the hook Steve earlick and ceo and the ceo forgot his name And the ucc said no, we're not going to allow that what we're going to do is we're going to move forward And if the revenue reports come back and it's actually verifiable even with us looking at it Not just the courts, but the ucc saying, okay Steve and ceo only have a certain amount So it wouldn't really behoove us to even sue them anyhow because they don't have any money. So what's the point? If that's the truth Then We'll go forward and uh, we'll still And they said this we'll still Still want back 1.2 million. So steve has like 2.1 million. They want 1.2 million from him And a ceo. I forgot how much there I'll cover another video But they said if if it comes to lights that these are inaccurate or data has been falsified Then we will take These two gentlemen to court and uh in a lawsuit. So we'll see how it all works out interesting times Shannon hello Bikes says is there are there risks to a spot etf aside from the usual crypto volatility? You know If it's a spot etf, that's uh, not paper spot, but actual with the physical Bitcoin I see it would be a pretty nice big boom. However, remember in 2017 We had the the futures contract for the cme and that's just all paper trading as far as bitcoin That's really what helped to help to crash the market in that regard futures. I never saw that as like like a big Positive for crypto and digital asset mark. I really didn't even care And you could just tell it was gonna, you know, it's just being manipulated, which it was and here we are So as far as spot etf crypto volatility, I think it could be initially pretty good But again, how much uh, how much manipulation is out there? And I know people are gonna say would well metals are manipulated in the stock market. Yes, I got it I know it's all manipulated. So yeah And let's see here. Let me bring something up Down down down So bitcoin today Not bad What else? Oops. Oh this one. I want to see dogecoin 10% up for wow seven in 24 hours 127 For the week. I just want to remind everybody dogecoin Everybody remember the dogecoin millionaire It seemed like a nice guy just never sold And uh, he was on twitter talking about hey Because he put in 180 000 initially And then he went up to over 2 million and I went down to 180 000 again And he was just waiting and he goes, hey, I'm half a millionaire now And he goes, here's some of the things I learned and what he's talked about is in his tweets or his Uh The module that he put out the information he put out he said look he goes I'm gonna start selling he goes I'm not gonna ride this all the way up again And then go back down he goes you have to take profits and I was like wow There you go. So hopefully I can get I'd love to get him on the show and just to see where How he's gonna do that what his his points are where he wants to go along the way But I thought it was interesting that The biggest diamond hands person out there is like, you know what, you know, you have to take profits along the way Make sense Rob's and saying that there isn't other things besides cryptocurrency going on just saying republicans get more done Everybody's different I've known some I haven't personally known but let's be honest There's been some bad republicans and bad democrats and not me. He's got to write, you know You you vote for the candidate When do you think soul will leave beta? I don't know Let's I just hope it just stays up. Remember I own salana I own cardano I own polka dots and avalanche and near protocol and I don't know a whole bunch of stuff, right? I kind of spread things around. I don't know which one's going to make it And I really don't care honestly just one of them. That'd be great Uh James says remember to do your own research. Please be true Picky it is and we can only do so much research because let's be honest, uh How much information did we never get told about? Celsius and Voyager and luna and I mean and pick your d5 protocol I just read a report that uh 97 percent of uh projects that were built on uniswap or rug pulls 97 percent So I think to myself. I'm like, you know It all comes down to a risk-reward ratio You can really get risky and hopefully make a bunch of bunch of money But uh in the long run, it's just uh just gambling and I'm okay with that I got a separate separate channel called dandigen. That's where I do all my gambling But if you watch those videos, just expect to lose everything But uh, maybe they'll do well. Who knows? Yeah, I saw this Johnny says rowdy thoughts about the co-founder of maker dow found dead in Puerto Rico today First of all, I wasn't around so don't blame me But uh, I heard there was a strange tweet. Let me pull this up. This is uh Next level stuff Very odd I got a message There it is from Dylan So this was Nikolai Muchion found dead in San Juan, Puerto Rico, which is where I'm at right now Uh, and this was his tweet just uh three days ago He says cia and musad and pedo elite are running some kind of sex trafficking and trapman blackmail ring Out of Puerto Rico and caribbean islands They're gonna frame you with a laptop planted by my ex-girlfriend. It was a spy. It will torture me to death look I don't know if that's legit, but that sounds Out there that's all I'll say but I feel sorry for that gentleman's family Hmm Wow, I know that was crazy, right? Akash says what assets are the bitcoin through you DC right now? Not financial vice, but here's what I buy every day Let me pull it up on my phone I honestly sometimes just uh All right, here we go. So uh ethereum Uh bitcoin and then some of these i'm not going to tell you which ones but somewhere every week and somewhere every day We'll see it all Uh ethereum bitcoin polygon salana algorand uh chainlink near protocol cosmos cardano I think that's it for this one. So uh, but you have to understand idca sparingly not as much as I used to because I don't know if it's going to drop but I know one thing that's I'm not I'm not The genius to figure out when the absolute I talk about this multiple times If I'm wrong and uh, we don't drop anymore. Well, let's like I got something and I've been DCing every day and I gotta tell you Somebody asked me like is it really worth it? Look at this Let me show you The website dca-cc like 25 bucks in a week Let's use my favorite example of uh cardano You just put 25 bucks in a week from 2018 to now first of all If you sold it a reasonable amount of time You would have invested 4,800 bucks and you would have had 168,000 you'll never Time to top sorry to tell you that but I mean if you screw up and you and you you know You don't have anything on top of you sell it later. You would have invested 4,800 bucks. You had $130,000 So and that's just 25 bucks a week That's what I did because I was just like it'll go up some point and here we are But again, it's all about valuation those those projects. They're not all gonna be good. Some suck. That's just how it is All right I can't I can't read It's okay, man Nobody's you gotta stick to your strengths. If you can't read it's all right golfer Uh Okay, so scott ens says rob. Were you able to watch the full episode of bankless spf? It seems like he wasn't budging on the idea of living defile all we think of the view in defile so When you're in a debate sometimes like you know this like when you're arguing with your wife or your significant other And you know you're wrong You just don't admit it because you're just so damn stubborn trust me I'm that guy And I think sam might be a little bit there because I watched most of it And he did concede some points But if you look over at his at his uh, his twitter account He pretty much just he pretty much said, you know what those were some wrong ideas I was wrong amount one and we shouldn't do kyc and aml for defi product because it doesn't make any sense We talked about this yesterday well a couple days ago with Vitalik buterin his assessment. He's like you can kyc and aml all you want for defi for retail investors But the hackers don't do that. So what's the point? It's true so We'll see I Again, it's it just because sam thinks a certain way doesn't mean it's actually going to go that way It's going to take a lot of voices and it's not just sam talking to to uh congressmen and women and and uh senators and Democrats republicans I mean you've got also charles going up to the hill talking about evolved You've also got the blockchain alliance going to talk for us. So I think they want the best things. We'll see I think so Mountain man. Hello tesla tesla. Hello tesla Hello friends greetings from the ias dream mad cow is here uh yep Pickle says sadly in the sell boat too lesson learned tries it for life exactly there's a reason why I got those rules Those rules right here Blast well the middle one nothing on exchanges. Don't leave any exchanges. It's the recipe for disaster, right? Take it all off Yeah, neil's got a point spf went from a hero and enemy some people just Like I don't know people just listen to what he said or they just say well This guy said he's a jerk and and he's not good for crypto. So I say he's not good for crypto And I'm like, well, yeah I mean if you don't like the fact that he's Positive for regulation. I mean look I'm positive for a crypto regulation, but I'm more for the clarity aspect Like I don't think that you should KYC and AML Defy either that's stupid. I mean why why what's the point? But I do think we should get a little bit of clarity. What's the currency? What's the commodity? What's the security? And then just go from there and then everybody can be happy and they can All the agencies can have their their toy back and then they can say well, we're doing something sure whatever That's it And again, I don't I mean if something gets called a security it is you register and it's a big pain in the a but still I buy Securities every week they're called stocks All right, bicky. I've looked enough copie. It looks pretty good Uh So that's a good question Roddy think if you factor in much higher inflation as bear market that we'd be closer to 85 drawdown And there's also some corresponding data which takes a look at the traditional market S&P 500 NASDAQ if you if you account for inflation, we're actually at all-time lows In and actually almost beating 2008. So the same thing could be said for crypto. It could be but remember Uh, I mean we we've had quite an inflationary run. I don't want to say that it is the 85 percent potentially, but uh only time will tell and Who knows if it could actually be the actual bottom I think it's all about is that a factor? Or do we just say well even though there's inflation, there's still all that money sloshing around the government hasn't gotten that back yet So I still see it go down Yes, thank you Dan DJ on second channel. Thank you Do I have an alibi? Yeah, I was Watching netflix you can check my account thoughts on bnb. It's super centralized Bnb token that is but it seems like nobody really cares because I think it's the top in the top five Isn't that amazing? I mean everybody rallies about what's got to be decentralized. It's got to be this, you know We got to have somebody knows there's so many things and and it's really got to be uh That aspect of crypto yet What is bnb it's fourth So I think it's people like complain about it like I don't want This shouldn't be this should be decentralized Well, not everybody agrees with you. That's it Yes, ma'am. I agree with you. Uh, he did seem unhinged. That's scary stuff So nicolai ever thought of becoming a dot validator Um I'd have my team look at that. Uh, we do Uh, the the the team that runs the cardano stake pool and also run the avalanche stake pool Uh, we could look at dot but as I understand it's a little bit of a it's a real big hassle to be a validator. So not really That's true Welcome Cat with the cases so not many people work anymore just jump chats Here's what I know most of the people that are in the chat Most there are at work right now But they just still tune in so what are you gonna do? Thoughts on polosi panigate no No, because man, I don't want to get involved in that nonsense Feel sorry for her husband though. I think I got whacked up and hammer Yeah, chris says a year ago today was the height of the bull market Yeah, in november. It's true. It seemed like it was a lot longer ago But you know what's great about that is that we're that much closer to the next bull run That's what I kept thinking about today And I also I thought about this and like shoot. It's been a year since the last top So if you think about it, this is 2018 and I only have I don't have that money I don't have that much time to accumulate more crypto That I'm doing and I'm not buying dips just dollar cost averaging clarity is long overdue You have a common and voyager james. We just talked about this I'll take a look at it, but I mean, let's be honest 72 back Is better than zero percent I know people will complain they say well, we didn't get to see all the the different offers and we didn't I'm only worrying about things that I can change It's time to stop gambling and just say, you know what if that's what it's going to be It's what it's going to be we can deny this, you know, we can all vote against it But are you ready to say no? I don't want this and then just say well 72 percent of my Of the valuation is gone for potentially a better deal in the future It's up to you I probably will be voting for that to go forward That's just the truth The guy you know like there for well, thank you. I appreciate that Norman says we don't have to go down excited. No, we do not could be less And that's why I say like I could be wrong like I I always talk about I think we're gonna go lower, but That's why I still buy a little bit here Rob based on your experience. What's your conviction of crypto ever bouncing back original time of size? This is a very simple simple answer There's a reason why I stick around and do these videos it's because The crypto and digital asset space it's going to do a lot of good It'll change a lot of things and there's going to be real world utility brought about by it and A lot of people will say well This is this is it. This is the last part of crypto and uh that was Before and it'll go to zero or it'll just you know limp along. I heard the same thing in 2018 I heard the same thing in 2019 and 2020 got a little bit uh duller then in 2021 When I was telling people to take profits I heard a lot of Euro boomer, which I'm not And you have ptsd from 2017 2018 2019 and you should get out of the way because this mark is going to go up forever Uh because of all the institutions are here. Michael strategy is never going to sell and all these institutions Tesla's not going to sell and I was like they'll sell and it's just It's just a nap the the same the same cycle that I see before is the emotionality of people going it'll never come back It's the same thing in 2018 and we're seeing the same thing in 2022 And then once we get to 2024 and 2025 when we go back to a bull market I'm going to hear the same things rob. You don't know what you're talking about You are a boomer. I'm not And these institutions and these governments and these sovereign funds, which who knows we'll probably get into at that point Uh, they're here to stay and they're never going to sell And you should hold forever and diamond hands and blah blah blah And I'll be the same thing going over over again so yeah, uh, so that's what I say and I will tell you this there's something that does concern me and I was going to do a separate video but it's talk like this like, uh Stanley Druckenmiller saying that we're going to be flat for a decade And he had a garrison away saying we're going to be flat for a decade Then he had another hedge fund manager. What's this guy's name? Uh, Saddle capital bullies Weinstein. We're going to be flat for a decade and what they're talking about potentially Is you know the s&p 500 back in the 60s 69 It's didn't hit its all-time high again Until 1992 so let me just a quick math It's like 25 years well 2003 I guess Took 25 years to get back to its all-time high. There's a lot of problems in that area So do I think we this could happen again? Maybe but I would like to point out one important thing that is If we would have bought the all-time high and we keep dollar cross averaging down here just in the s&p 500 days in 1971 Well, we bought them here and we take profits along the way coming up And then of course when it starts to go down, maybe take a little profits and then start buying down here Selling here Buying a little bit here selling selling. It's just the same thing like even though this was one of like like the forgotten decade When stocks were just flat moving sideways going down 25 years again very different time There was still a couple of bull runs in there Nice bull run here nice bull run here Nice bull run here a little bit down and a big bull run here. So Again, I don't think it's that that big of a thing I do still think that we have more all-time highs Could be wrong, but I think that's where we're going Yeah, man, I hope we get power back soon So yeah, but it allows us to go to our properties and And you know say hey, we need to fix this need to fix that like you can see this wall is looking pretty rough Where's right here this wall is looking pretty rough Over here. We had a long-term renter in here and just didn't do so good That's a good question rob wear and when the Puerto Rico crypto me up. I got to do that maybe next week We'll go to the smoke house my favorite place Thai boy says will you be buying more sweat? No because I bought a boat load before so I'm just sitting on it And I can't wait to dump on everybody now. I'm just kidding So I got uh sweat coin and I have a lock up period of 12 months when it starts to get unlocked up to 24 months So I'm here for the long haul, but I'm not going to buy any more because I bought a lot So Just so you guys know I'm super biased Obviously, right Yeah, Zachary says why buy swimming you're free exactly my point. Why even buy it? I think it's gonna do pretty well and I can only walk so many Miles, but uh, yeah, if you don't want to buy it just download the app links in the description And they give you free sweat coin. So just do that. You don't have to buy anything. It's free Not walking advice But walking is a great exercise I don't know Jupiter. I don't know what that is when toga Oh toga thumbnail like for when james that his his uh His marcus marcus aurelius Thumbnail for for for Halloween that was pretty funny. I got in two questions. I feel special What do you think cody coda looks good? currency of the internet cot i I just got a Look, I haven't bought any of those yet, but I will Uh, I gotta take a look. I can't say I will Surfing no surfing yet Are you a certain amount of products only guy like only fire tanner? Do you take positions in any products you find interesting? Oh, that's a good question. Are you a certain amount of products guy? No, because um In the bull run of 2017 I had over I want to say 40 different projects That's just too hard to keep track but for me like I know like Like james most and then somewhat will a bunch other people will say I can only manage x amount of projects and if I get into somebody else. I gotta, you know, rotate it around I really don't care For me. I'm like if it looks good, then I'm gonna make some money. I'll stick around for it and see what it is The hard part is tracking And yes, it does get a little bit difficult and yes, I have let some things lag, but uh, I do okay When I'm at your dad t-shirt, that's a good one I'm not your dad. I should get that would be great stuff Yeah, so I hear That's right. Oski Rob is diamond hands hodled green screen boomer. It's true jh, that's me telling you with almost 10 years experience Uh, oh Oh, oh, oh, well the plot thickens uh, the home and you're talking about uh This the creator of maker dow who just passed away The home has six cameras visible from the street and the security programming was done by the same people Who were the president? Something's off. I don't know that could be could be I'm not sure Yeah, I can that was nice any link brains here Ethos to expensive transaction, that's why they use polygon polygon's great I think that's one of the the bca's that I do every day pretty sure polygon I think that's it True That's a good point Yilan goes web through twitter. He looked like a genius yet again and the 44 billion pay will be nothing You know, I always thought about this and we had talked about this before about What if you could use dogecoin which is an example And if you wanted to tweet something out you had to use a fraction of a dogecoin, right? not too much And uh, it would allow it to be you know sent in a certain way. I know people like I don't sound too good Why is that I sound good? Well, it would stop the bots, right? Because For all the bots it's just free So they just spin up a bot or a thousand bots or 10,000 bots And off you go, but if you had to pay for each tweet, would you do it? How about this or would you pay? A certain amount to Be an exclusive tier or something like that for twitter me personally I can't stand using twitter anymore like every time I do a tweet. I get like 100 bots saying something or else. So it's like a big pain in the a But if you use dogecoin, perhaps now I'm saying this is what's going to happen But to send out a tweet to receive tweets To boost something I would do that And wouldn't that be a great use case for dogecoin on top of the fact of web 3 and crypto? And maybe they could use it in multiple ways. Maybe they say well instead of just dogecoin I'm going to use doge near protocol and uh polygon Why not why not? Pay for tweets nope facebook is going to be charging. Yeah pay for tweets. Nope. Who's me? I would go that rob. I would all right buddy. So They only make three billion dodas every year. It's true very tough Kind of inflation you're right. All right, buddy. So that's it for today. So hopefully uh the noise wasn't too bad Thanks for sticking around. I appreciate it. If you like today's video Thumbs up and subscribe all that good stuff. But that's it for today tomorrow See if I can put out a video as long as the power is still on and we'll go from there So thanks everybody for stopping by appreciate you. I'll see you in the next one. Adios