 These are the days where I do not like to report on the news because the things that we're going to talk about today Are not very positive especially with what's going on with the SEC is they're really bringing some maximum pain And when we talk about the issues that the SEC brought against these different Influencers and companies and everything else. I want you to think about the far-reaching implications that it has to do with in crypto blockchain gaming and web 3 in general and And then you can understand why America is really done with crypto. So first things first, let's take a look So today there was a nice little tweet I always find it interesting that the SEC likes to tweet out like, you know, they've got nothing else to do But this is a tweet today. I said today we charged impact theory LLC a media and entertainment company headquartered in LA with conducting an unregistered offering of crypto assets securities in the form of NFTs, let me say that again Crypto assets securities in the form of NFTs impact 30 raised 30 million from hundreds of investors And then it goes and talks about without registration investors of all types are deprived of the proper the protections Afforded them by the robust disclosures and other safeguards long provided by a securities loss. Look I'm not going to get into the fact that's you know These disclosures and other safeguards really protect people because I'm sure they do But you know what didn't protect anybody was FTX Voyager Celsius Block 5 when you had the opportunity and sat down with with SPF. I find that very odd but it is what it is and When the SEC brings charges and of course They've already settled Impact theory has settled with them. They agreed to pay. I think it was six million dollars Correct me in the comment section and impact theory As far as I've taken a look at and correct me in the comment section, but impact theory LLC They're a media company out of LA and this is with Tom bill you I think I always I always say is rain wrong great guy Great channel a lot of information But they just did NFTs and they sold it off and now they're saying that this is in on rudder security now I'm sure That they probably tried to go to the SEC or maybe they didn't I don't know but the same thing has been happening with Binance with Coinbase with Everybody that you can pretty much think of with ripple as they've gone to talk with the SEC and sat down with them And it's impossible to register with them because they just keep saying they don't give them the actual information they need to actually registered Perfectly or at all and of course we have this issue. So now if you think about NFTs Think about NFTs think about that in general If the SEC is going to crack down on NFTs and they're gonna say this is definitely security What does that mean for everything that we try to put on the blockchain as far as NFTs? That could go from something as as massive as real estate as we try to Securitize things and actually put The different properties onto the blockchain via an NFT. So those businesses are just gone Now think about what I think is gonna lead the next bull run Web 3 gaming or as I call it block gaming a lot of those games have to do with NFTs So if NFTs are all securities that means that every single game out there that uses NFTs are going to have to go and register with the SEC if they want to play ball in America And the thing is a lot of these companies are gonna say themselves. Why the heck are we dealing with Americans? When I try to go over then I try to register with the SEC and I cannot do these things I am hindering my business. I cannot grow anything. This is not the land of opportunity This is a lot of persecution and I'm not gonna be able to go through this whole process And I'm actually dwindling and I'm dying on the vine by saying that Crypto and digital assets are now dead in America. There is no reason for a company to launch here in America whatsoever, and they're gonna go away Ourselves we're launching a product ourselves. It is a blockchain game web 3 we're gonna launch a web 2 first But every lawyer that we've talked to so far has said you will not Launch in America and we were hemming and hawing. Oh, well, maybe good runs of things But there is not a chance. There's not a show of snowballs chance in hell We will ever do anything in America as long as Gary Gens on the SEC is cracking down and does not give a clear pathway Having said that don't worry. I'll get to some good news. I'm not all doom and gloom So then there's this this is from Andrew founder of x3 pretty good Twitter account a link in the description This is updated shouldn't come as a surprise that the SEC SEC staff have their site set on a collection of crypto influencers This is from the source. I don't know whose source is but whatever if they created a token and Benefited in a meaningful way Expect there to be consequences Same thing with NFTs. I believe if there is our influencers out there That created NFT think about all the ones that have done this think about all the companies that have done this Think of all the individual people that have done this how many of those people are now in the sites of the SEC a lot of them Same source low hanging fruit. That's easy to track and prosecute Now you can let your imagination run wild with all the people that have actually done this But I got to tell you if they're gonna come after NFTs That's everybody now Fortunately, I didn't get into that craze. I did drop a coin called tomato coin. I don't know if anybody remembers that It was a joke and it was free. So I think I'm on the clear on this one But it is quite concerning Taking a look at at what's happening and then also this was from well, this was from all coin daily great channel check out and They say the SEC versus Richard Hart case is separate November 28 2023 and then there was a correction Cory coasts Cory coasts crypto coins is it's a conference call not a case this is from Hex and pulse chain and things like that and he says no, no, no, it's just a conference call I gotta tell you I don't care if it's a conference call or or what but The wheels of justice do move slow and I'm not saying that Richard Hart here is guilty I'm just saying if you're getting a call from the SEC, it's usually not a good thing Moving forward so that is what's going on and again, I hate to be the bearer of bad news But when I see something like this happen the only way a Through a there is no there is no around this the only way through this is to do exactly what ripple did this is something I I called for gosh over a year ago, and I said the SEC will never let up never is It is the understanding that they will just keep pushing forward and the only way to go through with this is to sue the SEC People say that's ridiculous. Why would anybody do that? So here we go. It's gonna pick us off I think it was Benjamin Franklin that said We should either hang together or we'll all hang separately meaning there's power in numbers and The SEC even though they lost that case Partially with ripple they're still making waves and we'll see how it all works out But I gotta tell you the only way through this is a long Difficult process in the courts in America while the entire crypto industry goes off-site offshore Which there's well they should Especially with the Asian countries as they embrace crypto India and all the different places parts of Europe, Switzerland When all this happens, we're gonna be stuck in these court cases against the SEC It's gonna cost tens of millions of dollars People are gonna lose a good amount of money because Gary is protecting us harder And unfortunately there's only one way to do that and that is through the SEC Let me just think about that in the comment section It's not all that nice Hey, there is some good stuff. How would you like a tangent wallet? So I on Twitter. Oh shoot, you know what I didn't do this follow me on Twitter at news asset and We did a deep dive into the tangent wall. I think it's pretty good. I like it so far and It's not a sponsored post. They didn't pay me anything or anything like that. I just picked up a Tangent wallet because I was concerned about my nana ledger wall I think we all are in one way shape or another, right? So I just thought well if I diverse them in my portfolio I might as well diverse my cold storage devices and it's super simple So I'm just gonna give away a couple of wallets. Just follow me on Twitter Comment rate we the post follow tangent and me and then I'm gonna we're gonna do the drawing Livestream on Thursday. I said September 31st because I'm an idiot. It's actually August 31st That'll be this this Thursday. So there's a little good news and then also I just want to start a little education part here and I want to get everybody's feedback But I tweeted this out and I just asked the question was would you consider this a good example of good tokenomics? Of something positive that you would get into so this is tokenomics If you go to coingecko.com, there's a little tab of it You can click on which says tokenomics you can find most of this stuff But I just want to ask the question like people do you know tokenomics doesn't make sense to you So look at this one. This is an allocation If you had a crowd sale meaning that it is public and at eighty three point three percent is available to the public But sixteen point seven percent Goes to the foundation and early contributors Would you consider this good tokenomics and then here's the unlock schedule? Or supply schedule and you can see that this one. I'm not going to tell you what it is But it started in 2015 and it's already unlocked as of 2022 The total is 120 million tokens. That's important But it can go up to infinity So would you consider this a good example of good tokenomics and I can tell you it is or what it is I'll talk about that in tomorrow's video, but just put that in the comment section. Let me know what you think and then lastly Lastly I am obsessed with this tool that Ben's got at the end of the cryptoverse and it's it's the DCA tool because So we had Jerry on Jerry v. Hall not make jaggers girlfriend Jerry Hall On the show yesterday. We did another live stream and usually I don't do live streams during the day I thought this doesn't mean a lot of questions. We'll get to those in a bit, but It was Aristotle or Plato and he asked the question. He said hey Rob, why do you guys talk about you know putting so much money in when a lot of us are you know living paycheck to paycheck? It's kind of disrespectful. Well, he didn't say disrespectful He said it's you know, it's kind of like you really aren't taking into account all your your subscribers I thought that's pretty true and I showed him The DCA tool and I said, you know Like when I got out of the military, I mean there was I mean for like six months or so I was working at UPS at the airport and I was making ten dollars and fifty cents an hour. I thought I was balling and But I realized pretty quickly that you know the apartment crappy apartment I lived in and then of course food and then insurance and car and gas and everything else It really adds up so it's not you know much to invest So I said, you know Aristotle Plato. I understand so I showed him just this this example And I said look, this is this is Cardano. I Said, let's just say You've you're gonna and this is of course the past it doesn't mean this is gonna be the exact same thing going forward However, if you believe in Cardano and a different ecosystem, then this is a play for you Not a financial advice not your dad all that good stuff But I showed him I go look if you're going let's say Cardano. You put 20 bucks a day. Whoa, that's not right Let's go 20 bucks a week. That's what I showed him Yeah, 100 bucks a day might be steep for some people. I get it. Let's just say 20 bucks a week if you did that and you started on December 14 20 because that's as far back as this one goes for Ben on on the site. I said if you did that So first of all, there's two ways to look at it There's this thing called lump sum if you had 1100 bucks because if you did if you went and invested 20 bucks a week From 2018 to 2020 the total investment would be one thousand one hundred dollars if you take one thousand one hundred dollars and you lump sum it and Dollar cost average from 2018 thousand twenty one three years doing that This is what you'd have in Cardano, and if you were to sold the top good luck. I can't do it But maybe you can But your lump sum would have been worth ninety nine thousand dollars But if you would have had eleven hundred bucks back then But if you don't and you live in paycheck to paycheck, I get it But if you dollar cost average you would had sixty four thousand dollars And I was that's pretty good quite honestly Depending on what Gary says if it's a security or whatever And of course you didn't do so hot. Maybe you got it down here. Maybe you sold on October 2021 Well, it's silly. You still put in 1100 bucks. You stopped on 2020 That's forty eight thousand dollars For a dollar cost averaging or if you lump sum seventy four thousand and I thought about it even further. I go well, okay Let's do this Let's take a look at Bitcoin Damn, I did it again. Not daily. Let's do Bitcoin 20 bucks a week Because it's you know Cardano's back then it was pretty risky back then now I think it's not as risky, but some people will disagree with me whatever That's what makes the channel great, but let's say that I do the same thing in January 1st 2018 When Bitcoin was coming off its highs remember on January 1st 2018 the price was 14,000 Next week it was almost 17,000 and back then in 2017 December I think the high was like nineteen thousand nine hundred dollars something like that So let's say you did this again You put 20 bucks a week into Bitcoin and but you stopped on in January 1st 2020 That's twenty one hundred dollars. You would have put in over that whole time if you could have lump summed it You've been doing pretty good actually in November you would have put you would have had twenty thousand dollars Which is crazy because it's that's the dollar cost average if you lump summed it back to your You actually would have had half of that So now people and like if this I want you guys to sign up and play around with this tool So you know what I'm talking about not and you can see and you can you can use a bunch of different assets I mean all these assets all these assets and see what it is and come away with a conclusion what's best for you I took it even further. I said, okay, how about this? Let's say I lump summed it Again twenty one hundred dollars roughly and I started it because we're all talking about the four-year cycles right four-year cycles everybody talks about it I believe in him too So there's a theory That if we have the four-year cycles We're coming up into the Bitcoin halving year, which is next year of 2024, right? So the last Bitcoin halving year was back in 2020 actually it was a May 12 I think it was now we're coming like April 17. So my arm there So let's say that you'd lump summed it. Let's say you saved all this time You're gonna lump sum and you would have done it in the last halving year. What would that look like? What would your gains would have been? Well, if you had a lump summed Over here on January 1st 2020 the last Bitcoin halving year And if you would have had it you would have topped out at 19,000 dollars It's not bad. I mean doing like, you know a 10x just for hanging around for Not even what is a year and a half. It's pretty good quite honestly But then I thought about this because that's not the most opportune time January 1st 2020 Let's take a look at the last cycles The the last cycle low Well, I don't know if we're in the low right now, but the last cycle low, did you know it was it was an 84% drop? It's always happened this way November 2013 was the high $1,100 and the cycle low was January 2015. It was an 85% drop the next cycle 2017 The high was 19,665 the low was 3200 on 2018 it was an 84% drop That's why I still think we have ways to go because the lowest that we've gone so far is 77% I could be wrong But it's it's happened the last eight years one of the last so going forward But let's just say this let's take the most opportune time and Lump sum on the lowest point that we could have gotten in the last eight years or something like that six years five years genius five six years $3,200 that was the cost of Bitcoin. So let's come over here and let's say we put 20 bucks a week And we started on December 16 2018 That would have been $1,100 if we were bought for 55 weeks just 20 bucks a week, right? We could have lump summed if we had 1100 bucks Back in December 17 2018 when it was the all-time low $3,200. What would you have gotten? Well Your lump sum would have been 22,000 but your dollar cost average of an 11,861 roughly half Roughly half But that's the perfect time to lump sum. Can you hit that every time? I Don't know if you can I'm not that good. So let's just take it. Let's just do this instead of starting So that's what we got, right? But what if we would have screwed up and we said, you know what? I'm gonna lump sum on November Guess what if you missed that perfect down point your lump sum is worth 12,530 your DCA's worth 13 13,537. Let's not cherry-pick. Let's go back another month October Roughly the same thing. Let's go back another month. I don't know September 1st. How are we doing? Dollar cost average just beat the lump sum. Let's go back one more month. You see where I'm going with this, right? You'll never know where it is Lumps some could work out pretty well, but I'm just telling you that as time goes on there are gains to be made But it's up to you to decide what you want to do and what's best for you and your family So let me know in the comment section what you think about that me personally. I just do dynamic DCA Where time and the risk bands and I just kind of I doubt I buy the same stuff every day So it doesn't really matter to me. I increase or decrease just a little bit Right now we're stuck right around here. So it's like the same thing every day, which is boring But I mean, I think I'll be handsomely rewarded in 2024 2025 206 who knows and then lastly if you're looking for that tool Did you know That it is free to use that tool. I just showed you there's a link in the description Into the cryptiverse this light plan right here. You just scroll down and you subscribe And you can use the dollar-cost averaging tool It's fun You can see like where things are and do all that stuff, right and see what it could potentially be It's fun for me because I'm a nerd and I like to do stuff like that But if you want to subscribe and all the cool stuff, I mean, it's there for you And there's a sale going on right now plus you get 10% off the first month if you want to And go from there So that is and then to finish up before we get into the QA. I just want to tell you how Crazy I think this this this is right here and the reason why I think it's crazy is because they're doing one wallet So there was a big speculation about this wallet number three And of course we talked about this like a couple weeks ago I think it was where everybody thought it was black rock I didn't want to cover it because I was like I don't really know if that's true and then turn out to be Robin Hood Great. So Robin Hood now has the third largest Bitcoin wallet with over three billion in Bitcoin And you can see it right here if you go to bit info charts calm and you click on the Bitcoin rich list It'll show you Bitcoin address one two. Let's I'll show you It'll show you Bitcoin address one two three and the first one is Binance the second one is bit for next and the third one is apparently Robin Hood and You can see all this what they've done they got over three billion dollars and what they did What Robin Hood did was they they had a bunch of different wallets. They said ah, whatever throw into one wallet. I Got to tell you like does anybody feel like that's a kind of crazy if you just do like one wallets like me personally I have three nano ledgers and now I just got the tangent. There's three. There's three cards there Like I'm just I'm like one wallet for three billion I mean, I guess if you have your seed phrase or you have a backup for the cards I guess so but I find it just fascinating that That's You know people Robin are like, you know what throw in a wallet three billion whatever and that's it so everybody That's it for today. I'm sorry. It wasn't better news about what's going on especially with all the NFTs and the things that I think that America's done with crypto because of one guy and his Belief of what's going on But that's what we got today. So look if you gotta take off take off Thanks for showing up. I appreciate you like today's video give it a thumbs up consider subscribing Everything was very time-sensitive especially moving into the Bitcoin having an April