 So sometimes you really have to lose a lot to become a winner and If you've been in the markets, especially the crypto market any length of time You know exactly what I'm talking about because right now. I think a lot of us are taking the big L and to do that you have to really just Grab in there and hold up and see what happens So today what I want to do is just take a look at how things are going as far as my portfolio as far as the DCA I think we had talked about a couple of weeks ago, which was DCing a very small amount and seeing how it actually did over time So of course, thank you for showing up everybody on a Sunday. It's very early anywhere. You're at let's just jump right in, huh? so the first thing is it's one to Show you I mean the tools that we use are very simple. We use Ben site most of the time for all that The DCA simulations and that's gonna be no difference this week But I did want to bring everybody's attention about these these crypto risk indicators And there's one that I I thought was quite funny and Ben's been talking about quite a bit is this this social risk See how it's like the lowest of all of it And of course, this is just how many people get views and different Twitter accounts Some people are signing up and I'm even leaving it's almost at zero because if this is an indicator of apathy Are people just capitulating going I'm just gonna give up this is the best one and I've seen it quite a bit on my channel moving forward and there's another one I like to see a macro recession risk everything's looking pretty good as far as like a recession except for the interest rates They're almost at one but I've had a perfect one which would be you know, roughly disastrous But we'll see how it all works out. I think there's a meeting coming up and only they're gonna raise rates I think it's just going to Just be a pause and we'll see how it goes. But this is what we're talking about today, which was This piece that I did a couple weeks ago where we talked about a DCA strategy and how it works and there was there was a couple of statements from from subscribers which said look, I don't know why You even listen to Rob or listen to guy or listen to Ben because they had they give you no alpha and They're not here for you and they've already made their millions and it has nothing to do with us anymore these guys are just waiting for their portfolio to go up two or three X so they can dump on us and I thought I will shoot maybe well first of all my portfolio two or three X that'd be fantastic But the second I think I thought about was we'll shoot Maybe I'm not including everybody so we did as best as we could was to say well What if you just invested something small like $10 a week dollar cost average and how would that actually work? We're gonna take a look at the results today because we started on we started this this little portfolio or taking a look at the things that I personally Invest into which Every day or every week. It's the same thing. It's Bitcoin, Ethereum, Solana, Cosmos Arbitrum Chainlink, Polkadot, Neera, Polygon, Cardano, Algorand and Dogecoin. It's a lot of stuff And I said well, you know How would that look like as far as like $10 and to see how it went over time and then after I did that people were you know They liked the response want to see how it does But there was a couple of objections which we're gonna go over in a bit some one of those being hey if I bought 10 bucks a week You're gonna get screwed in fees And the other one was well, you know if I'm gonna transfer my crypto off the exchange like you say Rob And I bought 10 bucks a week that doesn't cost effective especially with Ethereum You're right then we're talking about is it better just the weights How to transfer crypto off exchanges if your region doesn't support that and then you know, which cryptos are hot Maybe you should get another shiny object and what do I what do you do when you hit the promised land? So if we just take a look at it, this is very simple and again if you want to use this tool There is a link in the description For Ben's site in the cryptoburst and this tool itself is under tools DCA strategies and then it goes here And it's pretty nice because you can just see how things are how things would go moving forward and you can do this You can take a look at current or past or how things are we've done many many videos over over the long haul so so far We started this on September 1st And for whatever reason every time I put it on the starting date November 1st because it's that's three weeks now Because November First the 7th the 15th, so we've done three weeks. I'd be $30 my math is right. All right, and You can just see that over Bitcoin Over the last three weeks, which one has done the best Which I think this is kind of funny if you think about it because you're like who cares about three weeks Well, it's all gonna come into play just wait So as of today The only two things Wow, excuse me three things that have actually kept their value in This boring market I must say I mean for the most part is near I Put 30 bucks in near and I have $30 left. It didn't go up didn't go down. That's interesting chain link Didn't go up or down $30 and Ethereum $30 everything else sucks everything else I've lost a little bit and now is this gonna obviously this is not here to crush me But you're gonna see what happens up what happened what happens over the next two years and how this will accumulate But so far I'm down and oh Doge Algorithms even even Bitcoin a little bit Ada and of course the loser of the day The two losers salon and arbitra which I thought arbitra would do quite well But hey over three weeks we're gonna do dot-atomatic and Ada and then just for a Little bit of reference here The starting date I put is August 20, 2023. What if I? Again $10 a week What if I started? In 2019 obviously It might be better right up up up up up up up up let's do February 1st Time in the market is more important than timing the market But it is somewhat important to take some profits along the way when things get overheated We'll talk about in a second you'll see so people will ask me like hey That's really cute Rob But I mean ten bucks a week is that really doing anything well at the peak of May of 2021 again if you were to put ten bucks a week ten bucks a week And Maddox that have been you wouldn't first of all you would invest it over a little bit over a thousand And with Maddox 58,000 Cardano have 31,000 chain link 31,000 ETH 19 and it's pretty good. That's like ten bucks a week And that's I think something that's that's affordable for most people and if you can't afford ten bucks a week then You know, this is this is not the market for you. I'm sorry So that's just how it is, but yeah, we can see that over time looks pretty good so then But the big the big thing is okay If we do this continue to do this and we do this ten dollars a week thing and I'm trying to do this for everybody I mean you can do whatever you want to right you can put in a hundred bucks a week And of course things would go up tremendously Really wanted to do that. I mean doge you'd have over two million dollars We'd have done that back in the day even right now if you'd have done that in 2019 put in a hundred bucks a week You know you'd have three hundred and twenty two thousand dollars in Matic Doge 250,000 If you lump summed would pretty good 274,000 ETH you'd have 90,000 and you'd only have and you only would have would have invested 24,000 Even if you didn't take any profits along the way. So whatever So that's that piece, but there's some objections and I think they're warranted. I know they're warranted and Those objections were pretty simple here There we go So which was this look Rob if I got a bite ten bucks a week And again that that could be ten bucks of just in the Bitcoin or that could be ten bucks just into a theorem Or that could be ten bucks and Bitcoin theorem chain link Cardano, Solana, blah, blah, whatever else But once you get screwed in the fees, yeah, you will and this is the thing you really have to think about Because sometimes like the things that I talk about I mean it sounds like a like a great idea And then you kind of get into the to the minutiae of it You're like hold on wait Maybe this doesn't really work out for me and there's ways around that so let's just see if you bought $10 of crypto on I did this on Kraken. I Just want to see how much the fees were and you you can find this spreadsheet There's a link in the description. So it's just called $10 a week. It's towards the bottom So if I bought $10 with a Bitcoin, you know, the fee was 77 cents it's a lot and that's a that's a hefty amount So you might think to yourself, maybe that's not a good idea. You might be right or or Maybe you could save up that set of doing $10 a week of Just Bitcoin, maybe you could save it up for the month and buy like $40 worth of it or after two months $80 the fees aren't going to be as bad, but it's looking to be bad. Look at this I bought a hundred and forty one actually is supposed to be a hundred and fifty dollars worth of Bitcoin And my fee was eight dollars That's a lot in fees and if you're just really dollar-cost averaging very small amounts So that's not that great and then the next and we'll get to the you know Transferring it into your your cold wallet, but this is what I do and you get you're again welcome to do whatever you want to This is why I'm always talking about Coinbase and using Coinbase one so Coinbase one It waves the fees at the $10,000 but Do you have 30 bucks a month or 20 bucks a month? But Rob if I'm only tamed $10 a week How's that gonna work out? Because I'm only I'm only doing $10 a week again You can do whatever you want to do right if you want to if you want to have seven 7% for every every single one that you do you only four ten dollars, I guess Or if you do like me and just say you know what I'll just bite the bullet and instead of because look Look at this fee over here if you're gonna use Coinbase You bought ten dollars worth of worth of Bitcoin, you know, it's a it's essentially 10% you're gonna get the Coinbase fee is a 99 cents now the more you buy the less it is So again over here 40 bucks. I'm paying two dollars and this is very really cutting the Not cutting the corners, but really Really getting into the the very very small details, but some people don't have it so I'm just telling you that hey, this is the reality of the situation and These are gonna happen. That's it. So you can do this And if you do just if you did like four of these a week four different transactions at two dollars When that's eight bucks right there So you can do that you can sign up for Coinbase one. I don't have an affiliation with them I'm an affiliate link. I didn't have a link to Coinbase So it's up to you to figure out what you want to do and how this will affect you But I'm just telling you that these are things that I do and this is why I do those things And then of course some people will say but Rob the spread and and I want to go in there and I want to do Coinbase Pro whatever they call it now and I'll do it Hey, look if you want to do that every day and go in there and hit that buy button and Make sure the spreads aren't there more power to you me. I'm not doing it I'm not doing I got this stuff to do and I'll just let those go off automatically and that is how I do things So that's we'll take care of that piece and then the next piece of course What if you how about transferring your crypto because Rob those these rules you're always talking about One of those is it's all gone. I mean, you know, you should only Invest more you can afford to lose everything's a scam until preventive wise. Don't leave anything on exchanges Don't take leverage and take profits along the way So when you say no exchanges if I buy $10 a week of Bitcoin, that means I have to Right away take it off of the exchange or if I buy $10 with aetherium. I have to right away take it off that exchange It'll be nice But the problem is is fees again, so Fees for aetherium on Kraken look at this Look at this If you're gonna if you're gonna take aetherium off of Kraken, let's say it's a stablecoin USDC The minimum you have to take off is $16 and the fee is eight Arbitrum 4 and 2 Polygon 2 and 1 Solana. This is all stablecoins 2 and 1 and Tron and so on and so forth Now even if it was just because you're gonna have to pay a network fee and We know that gas fees for aetherium pretty high So if you're buying $10 over aetherium probably not a good idea to take it off right away The thing that I was trying to convey here in the message If don't leave in on exchanges is don't do something crazy like what we used to do Which was leave it on Voyager leave it on Excelsis or cells Celsius Leave it on FTX leave it on BlockFi because you know we trust them too Is to take it off as soon as you possibly can so if you're buying $10 per week and that's all you're buying Maybe you wait a full month if you lose 40 bucks. Is that gonna crush you might I don't know you But what would crush you is if you put your entire life savings in like a lot of people did with Voyager Celsius BlockFi and FTX and It's all gone So it'll be great if you can take it all off But it doesn't mean it's gonna always happen so I'll take care of objection number number two and then Number three, this is a good question. What are you just be better to wait? Cuz why am I dollar caught? Why am I dollar cost averaging all this time? And just seems like everything's are going is going down. Let me even let me show you Even more Even more pain of dollar cost average. You ready great So I just showed you a really positive piece and I'm showing you all these things because I want you to know that it is normal to not be up all the time and not have this constant pressure of Your portfolio must be profitable and it can only be down only so many times That's dumb It's gonna be it's gonna hurt for a while It's just like a business. You don't open up a profitable business from day one It takes a while to recoup all the expenses that you put into it all the time and effort to actually turn out company profitable I know I've done a couple of them and it sucks and it's just a grind So when I showed you this this 2019, that's cool, but let's take a look at Rob personally Sorry about this cough. I hope it goes away doing pretty good so far So as you may know, I started a dollar cost average around here February 1st, 2022 and I thought well, I took some good profits. I mean 2017 when I got into I didn't take any in moron and then In 2018, I just watched everything crash and I wrote all the way up wrote it all the way down And I learned my lesson and then in 2021. I sold a good amount should have sold more but Did a lot better than 20 so my first my first cycle and this next cycle I expect to do even better and that's just how things usually work so What did I do? Well, I started a dollar cost over in 2022. Could I have waited? Yeah, potentially And of course hindsight is 2020 right so let's just take a look let's say that I spent and This is just hypothetical. Let's do it even better Let's say it's a hundred bucks a day on Bitcoin and how that would look like a day And if I'm looking at starting on dollar cost averaging on February 1st 2020 remember in November 2021 was was the peak So, how would we do great question? Not too hot So going here if you're dollar cost averaging, you're essentially a cat You're essentially There we go a sinking ship For quite some time Actually become over here. It's not too bad So February You invested 700 and you're actually up. You're actually doing pretty good in February and across this continuum Yeah, I'm actually doing pretty not too bad, but you can see that over time you start to slip and You're bleeding now. There's this thing called lump sum. I don't know if you have like 60,000 just to stick into In the Bitcoin right away, but if you did you'd be up Doing pretty well in the bear And then April 5th 2022 Gosh, you know, this is so much better. I thought I was gonna be So four months doing pretty good five months Now I'm starting to lose Going into May of 2022. Oh, yeah, this is when people still had hope And now look we're investing 10,000. We're all under water. I mean Adam for about half May 19 May 20 Now you can see how I'm where I am really taking a hit here And I'm just going down and it was around this time When I started to do this thing called micro DCing I Changed my strategy and I won't do that again Actually was over here towards the lower part and I was actually dollar-crossed. I already said a hundred bucks I put in like 60 bucks or whatever it was And you get to see here that I'm still massively under water. I invested 20,000 in Solana 12,000 I'll go 12,000 a to 14,000 roughly And you to see it's all over the place. It's awful and it hurts I didn't look at my portfolio anymore because I'm like, what's the point? I know it sucks. I know it's down So again, and then here would be I think some of the some of the worst parts November 10th 2022 Yeah, I invested we'll say 28,000 and that's just for Bitcoin. I mind you But you're down on Matic I mean for a grand and look at Solana. Jeez near 11,000 You lost a third. Well A little more than a half So just when you take a look at this just realize that in these bear markets This is how it is and it's just sucks and it's awful and should you have waited Should I have waited? Yeah, I probably should have waited a little bit Instead of going all the way in but that's just how it is. I think in the next cycle Maybe I'll just sit out the very first year after a blow off top and do nothing but Can't do much about that now As time goes on I'll recoup those losses. I mean, it's usually what happens once we have blow off tops It's huge blow off tops. So I'm not too concerned about it And it doesn't really bother me because I've done this for years now But I think for you being here and if you're new to this if you're a class of 2021 Just know it's just like well, that's just kind of how it is and I mean if you're investing in traditional markets s and p 500 nas deck those types of things I mean anything under five years anything under a decade I mean it's not Usually people are a lot more patience As opposed to the crypto market. So that would answer that question. Should you have waited? Yeah, maybe could have waited a little more But too late now and here we are I'll make it up And it's not so much a big deal ask Michael sailor how he feels about it I don't think he really cares too much either Okay, and then number four, uh, I don't know how to transfer my crypto off exchanges. Don't worry This is a judgment-free zone I won't judge you for that because at some point I didn't know either and it seemed like like at some point. I didn't know how to send an email At some point we didn't know how to get on the internet At some point we didn't know how to You know use an analyzer just how it goes, right? Everything has to happen So I'm gonna make this super simple. There's this website and it's free It's 100 free and it'll always be free and it's called dam teaches crypto And there's a link in the description. It's like one of the first links and I made this free So you don't get screwed over And I make it as simple as I possibly can and the only way the only thing I want from you Is your email and not so I can spam you but so I can alert you when I upload something new Which I gotta tell you these days it's quite rare So let's log in And instead of you having to hunt for everything all around youtube. I made it very very very simple as best as possible So it breaks up into modules safety And I break it down here. What's a crypto wallet seven minutes long Tangent wallet cold storage. What's a public private key setting up your nano ledger Setting your ledger live app transferring crypto from exchange to wallet Delete and restore and you want to know and then all those things I just talked about I condensed here in this video Which I think is the best one I've done For tangent, you know what tangent is it's great. It's just they're just cards They have the private keys within them. You don't have to write down demonic phrases link the description So if you don't know it's no big deal Just figure it out watch these videos and I'll show you how to do it And why do that? Well, I'll give you four reasons Voyager Celsius ftx block fi. There you go. There's your four reasons direction number five My region and centralized exchange doesn't support automatic dc options now with this one I have uh, some people have said that look I can't automatically dca look automatic dollar cost averaging is what is on available on kraken It's what's available on sell on excuse me coinbase And it works if it's in your region and your specific centralized exchange doesn't support Automatic dollar cost averaging looks someplace else So a lot of places are out there crypto.com is available to you I don't care if you're in parts of europe. I don't care if you're in southeast asia I don't know parts parts of africa middle east Crypto.com for one understand is available in most of the areas if not finance and they both do it So if it doesn't support it you got two options first of all Just keep buying those if you want to dollar cost Average options and do it manually or sign up for another exchange that actually does it I don't know about the buy bits and the bit goes and whatever else is out there that the people use I can't keep track of all just find the one that works. Those are the ones I know that work coinbase Kraken finance crypto.com and a host of others all right then number six This is one of my favorite ones, but these cryptos aren't hot right now rob Why can't I yolo into pepe coin or whatever it is right and I'm not gonna I'm not gonna put pepe coin. I'm gonna take a coin. That's uh, I just talked about yesterday ton So when we talk about what's hot right what's hot right now. I get it you look at these tokens You're like well, this sucks. I don't want to sit around like rob did for two years and and make millions of dollars That's boring Jokes aside It doesn't matter so Warm Buffett. I know people don't some people don't like him, but he's a pretty decent investor I think people could agree you know, he doesn't make his money by By scalping by day trading none of the people that make the most money in the world Do that They're not big traders they're buying holders And this is a piece from bank rate Here's warm buff has even said it he said all Out of the hundreds of different business decisions that we've made It's only been between five and eleven that have really stood out And because of the fact that I stood with them for the longest time is why brookshire hathaway did so well Look at this. Here's his top five and how long he held them coke Coca-Cola you heard her of it It's delicious. It's not good for you, but man It tastes good with the pizza and He's him and his company's been holding him for 35 years. The cost was 1.3 billion the market value is now 24.8 billion That's how you hold American Express this one this is one that my brother got into and he always rubs my face into it when I talk about bitcoin So good for you Eric jerk He held this for 30 years Costs is 1.3 billion the market value is 25 billion moody's moody's credit rating business 23 years got it for 248 millions worth seven and a half billion apple, which is one of their their shortest holes seven years 30 35 billion the market value is 151 billion the global life insurance They don't know how much they cost them But they've been even only for 23 years the market buys almost 700 million dollars So just take it from that and then Again, if we're talking about just a short time frame Buffett just as far as like last year. This is a snippet in time. You have to understand He makes all his money from just 11 stocks all the other ones That's that's in their portfolio and they hold on for quite some time, but These are the ones that So far as far as like this was in november 2022 talked about how only 22 percent of Warren Buffett the best investor That humanity has ever known apparently Only 22 percent of his stocks are up And he would have done better just investing in the s&p 500 Which was 27 up for that year at that point So when we talk about the next shiny thing we're like, oh, that's but it's gonna be this thing I should jump into that thing and jump in that trust me. I did that didn't work And we talked about this yesterday and I was just talking about the market itself when I talked about ton coin Which is I guess there's now a collaboration between ton coin and telegram Which is what it's designed to do gives you access into the ecosystem and the wallet itself and people are very excited about and that's great but It's done bonkers lately The last 24 hours have gone 2 7 days has been up 30 14 23 30 days 76 and one year 42 percent In a crappy bear market. I might add So that's awesome rob. I should get into that wait Just wait This is why And this is the thing that I learned when I went into korean blockchain week And I met a bunch of people who were market makers and essentially manipulators Gary if you're listening Shut your volume off There's massive manipulation in this in this market And they told me exactly how they did it and they told me what they did with with two specific cryptos and why they went So bonkers crazy And the reason was Is because they owned them all There's this great website. It's called into the block I don't have an affiliate link or a link or anything of that. You can find it do a go-go search And uh, it's a paid service, but I like to use it And you can see ownership the ownership They break it down between whales investors and retail And whales are just people that have just a massive amount. You know that there's nine wallets That owns 76 percent of ton coin nine Nine Investors there's 41 Let me do some quick math 50 Wallets owned the vast majority of this And I can't guarantee anything But I can tell you the things that those the market makers told me and the people that were Doing these things behind the scenes for these other two cryptos. It's the same thing Wash rinse repeat And that's what's going on right now. So if you want to get into that have fun. That's not for me And uh, that's the danger Of getting involved into the next shiny object And then the last objection, which is when do I sell and what the heck do I do with it? Because I mean And sales got a good point About like well, if you sell bitcoin, what are you going to do then? So what are you going to put in a fiat as it gets inflated away or are you going to put into real estate as that starts to Shift beneath your feet And it goes away. You're going to put it into gold And is that really going to appreciate what are you going to do with it? It's a good question So as far as like when do I sell and what do I sell and all that stuff? Let's just start with the when do I sell? There's this website Sorry, there's a website and uh There's a video I'm always talking about And you go to module three investing And this is a good one the valuable lessons I you included the sailor there Dynamic dcaing have a plan some indicators When and why I'm selling 80 of all my crypto what I'm doing Watch that video. Those are the indicators and the next question is what do you do with it? The thing is is like it's whatever you want to do You know If you want to sit on cash, I don't have a problem with that I mean, just know it's going to inflate away Right Do you have all your I mean the most basic thing do you have your You're extremely high credit card debt wiped out Do you have debt for your other family members wiped out? And if it's like 23 30 percent or higher, which Does happen. Maybe you look into that first But for me, I don't have much debt I have debt and not much debt I just kind of share things around so When I'm looking at it For me, it's going to be a big chunk in cash Then stables I'm going to keep about five percent in my like degen plays I have this thing called masterworks where I invested into fractionalized shares of artwork I don't talk about it too much anymore because people got ticked off about it Because they're like it's a scam and da da da one of my things just sold And Results were palpable. So whatever land in real estate the businesses staking IRA and stocks And I kind of keep into that and I kind of rotate them around this game for me never stops It doesn't mean it doesn't have to be for you you If you want to because I'm not a financial advisor you can do whatever you want to you can put this all in the cash Move to Miami Beach, Florida play golf all day Very boring life. I mean unless you're really into golf Or you can put into something else Or you can put in other businesses or you can just say, you know what I'm not going to sell anything But for me, this is what I do So it's not just about selling and sitting on cash for me because the cash always has to go to work for you Cash just can't sit there. You can hang on to it for a bit And wait for different opportunities to arise and the best things for those are when we hit recessions and things like that Or massive massive bear markets like like this But it cannot stay there forever Because you have to make money work for you and that's just what I like to do so that's it and then Lastly All I want to say thanks everybody. This was nice so Oh, what was two things First of all, if anybody wants to know my bitcoin price prediction, I put that in twitter This has been a massive research and cost analysis Music 84 able asked me. Hey, Rob. What's your maximum bitcoin price prediction for the next bill run? And what price will you be looking to sell out? I said 19 billion dollars per bitcoin 19 billion dollars As you may know I think predictions are worthless So if you ever asked me that question again here, I will give you the most ridiculous answer And also want to thank everybody for the well wishes. So Fortunately, my other dog passed Chloe 15 years 15 years And uh The outpouring was very very touching Jordan dr. Jaby shark toshi dj crypto guy Aaron Bennett Aaron classy games Mickey From world mobile simon dixon fd white Lady crypto tesla was there and as it goes meme des Bona bear market. He's looking at olig from sweat economy. So everybody thanks for the well wishes but these things happen and You just have to brian Matt and Andrea You have to roll with the punches and go from there. That's it everybody So look, I don't want a little long But uh, try to kind of explain the whole process to everybody because I don't want to keep getting the same questions So I'll probably just put this video. Maybe I'll put this into dante just crypto That's it for today. So look like today's video with a thumbs up consider subscribing everything we talk about as time sensitive That concludes everything for uh, the news and the dca and all that stuff and again dca It's it's painful. Let's just be honest, but you don't have to make it so painful. Just know that bear markets don't last forever And there's a bull market right around the corner. That's it